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Nifty View - Jan 2013 |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #586  Posted: Wed Jan 16, 2013 7:39 pm Post subject: |
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| vinay28 wrote: | | booked my shorts |
Vinay, now a days it appears that you are moving along with the markets even in every up and down gyrations.Is it other wise? (Am I reading it upside down?)  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #587 Posted: Wed Jan 16, 2013 8:26 pm Post subject: |
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| I think next two days would confirm it is topping out or just a correction....By next Monday opening it will be clear.....I feel other wise as of now.... |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #588 Posted: Wed Jan 16, 2013 8:32 pm Post subject: |
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| psalm wrote: | | Bought 6000 PUTs.... |
Cool!!  |
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Sonnet
White Belt
Joined: 08 Jan 2013
Posts: 2
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| Post: #589 Posted: Wed Jan 16, 2013 8:34 pm Post subject: NIFTY VIEW |
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Quite weird...but true.... market does overstretch you just beyond....and moves against the 'common sentiment'...that's where the money is made.....
......
5968 is a very bearish level in the current downmove, Floortraders' delight level. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #590 Posted: Wed Jan 16, 2013 10:07 pm Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | | booked my shorts |
Vinay, now a days it appears that you are moving along with the markets even in every up and down gyrations.Is it other wise? (Am I reading it upside down?) |
rk, it's just that I love to try my hand at the fringes. I had hedged yesterday, booked my calls at loss but puts at higher profit. By eod I hedged again. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #591 Posted: Thu Jan 17, 2013 9:55 am Post subject: |
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| started series with 55 points premium....now at 12-13 points....incredible!!! |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #592 Posted: Thu Jan 17, 2013 10:01 am Post subject: |
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| sw_das wrote: | | started series with 55 points premium....now at 12-13 points....incredible!!! |
Premium can pick up anytime, if you look at Feb and Mar the premium has reached triple digit so nothing has changed. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #593 Posted: Thu Jan 17, 2013 10:07 am Post subject: |
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| taxmann50 wrote: | | sw_das wrote: | | started series with 55 points premium....now at 12-13 points....incredible!!! |
Premium can pick up anytime, if you look at Feb and Mar the premium has reached triple digit so nothing has changed. |
Taxmann: u r 100% right. Ghaisas did research last year on NF-NS premium and couldnt find any correlation with market moves. Perhaps the premium is just an indication of how eager public is to throw money into pockets of big manipulators! Prakash Holla
Last edited by pkholla on Thu Jan 17, 2013 10:09 am; edited 1 time in total |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #594 Posted: Thu Jan 17, 2013 10:09 am Post subject: |
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| pkholla wrote: | | taxmann50 wrote: | | sw_das wrote: | | started series with 55 points premium....now at 12-13 points....incredible!!! |
Premium can pick up anytime, if you look at Feb and Mar the premium has reached triple digit so nothing has changed. |
Taxmann: u r 10% right. Ghaisas did research last year on NF-NS premium and couldnt find any correlation with market moves. Perhaps the premium is just an indication of how eager public is to throw money into pockets of big manipulators! Prakash Holla |
Euphoria perhaps !!! |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #595 Posted: Thu Jan 17, 2013 10:19 am Post subject: |
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| as of now got resisted from 38.2%. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #596 Posted: Thu Jan 17, 2013 10:26 am Post subject: |
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| sw_das wrote: | | started series with 55 points premium....now at 12-13 points....incredible!!! |
FIIs have been buying in cash and selling fut |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #597 Posted: Thu Jan 17, 2013 10:42 am Post subject: |
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| It is very difficult for the market to trade at or just around 6000 levels, I feel. A 30 or 40 point move should happen, either on the upside or downside. Both are possible as another 30 or 40 point move wont affect the charts significantly at this point of time. In my opinion, Nifty future has reasonable resistance in the range 6050-6070 area, while it has significant support in the range 5980-5960. So, unless and until any of these levels get broken, there good chance for some oscillations. Trading stocks look like the better ploy. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #598 Posted: Thu Jan 17, 2013 10:52 am Post subject: |
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I think rupee has done good consolidation...so BO or BD is coming.....
also nifty also can move 200 points soon.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #599 Posted: Thu Jan 17, 2013 10:54 am Post subject: |
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| psalm wrote: | | It is very difficult for the market to trade at or just around 6000 levels, I feel. A 30 or 40 point move should happen, either on the upside or downside. Both are possible as another 30 or 40 point move wont affect the charts significantly at this point of time. In my opinion, Nifty future has reasonable resistance in the range 6050-6070 area, while it has significant support in the range 5980-5960. So, unless and until any of these levels get broken, there good chance for some oscillations. Trading stocks look like the better ploy. |
Samji can you please suggest on bank nifty ? |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #600 Posted: Thu Jan 17, 2013 11:08 am Post subject: Nifty view - January |
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| Nifty Future 30 minute chart for reference. |
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