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Nifty View - Jan 2013 |
g1kumar White Belt
Joined: 05 Mar 2012 Posts: 4
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Post: #601 Posted: Thu Jan 17, 2013 11:08 am Post subject: |
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Hi vinay28: how could I check information about FII and others? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #602 Posted: Thu Jan 17, 2013 11:08 am Post subject: |
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taxmann50 wrote: | 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 ? |
Taxmann.....BankNifty is trading around an key range of 12620-12600 now. In my opinion, a close below 12600 may push the index to 12250-12300 levels with levels around 12400 offering minor support. Immediate resistance is around 12690, above that 12760 could be tested. While immediate support is around 12550. A close below 12550 will confirm the bearishness.So, in my opinion one may look to buy with a tight stop if the index comes around 12560 or so. While one may look to sell around 12690-700 with a tight stop. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #603 Posted: Thu Jan 17, 2013 11:18 am Post subject: |
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g1kumar wrote: | Hi vinay28: how could I check information about FII and others? |
either on nse website or TV every morning |
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rsnerella White Belt
Joined: 30 Jul 2008 Posts: 153
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #605 Posted: Thu Jan 17, 2013 11:47 am Post subject: |
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vinay28 wrote: | g1kumar wrote: | Hi vinay28: how could I check information about FII and others? |
either on nse website or TV every morning |
or just PM vinay and ask, he knows them big birds |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #606 Posted: Thu Jan 17, 2013 11:50 am Post subject: |
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apkaaaaaaaaaaaaa |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #607 Posted: Thu Jan 17, 2013 11:57 am Post subject: |
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Looks like post europe open there will be some fireworks... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #608 Posted: Thu Jan 17, 2013 12:15 pm Post subject: |
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taxmann50 wrote: | Looks like post europe open there will be some fireworks... |
In my opinion, European markets are getting into excellent SELL setups.....DAX and FTSE look like excellent sell (risk-reward is mouth-watering)....CAC is giving mixed signals.....For example, DAX will give an excellent SELL signal at the close of this weekly candle if it doesn't CLOSE below 7660...A new high closing will perfect the SELL set up.....Once that happens 2 possibilities are there....either it will start a new BUY set up which could run into another few months or a new SELL set up which could run into next few months.....I expect selling from here....rather than a new buy set up, as the current rally itself looks a bit stretched.....
NOTE: The situation is very much the same in the monthly charts of U.S indices....especially DOW and S&P500.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #609 Posted: Thu Jan 17, 2013 12:23 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | Looks like post europe open there will be some fireworks... |
In my opinion, European markets are getting into excellent SELL setups.....DAX and FTSE look like excellent sell (risk-reward is mouth-watering)....CAC is giving mixed signals.....For example, DAX will give an excellent SELL signal at the close of this weekly candle if it doesn't CLOSE below 7660...A new high closing will perfect the SELL set up.....Once that happens 2 possibilities are there....either it will start a new BUY set up which could run into another few months or a new SELL set up which could run into next few months.....I expect selling from here....rather than a new buy set up, as the current rally itself looks a bit stretched.....
NOTE: The situation is very much the same in the monthly charts of U.S indices....especially DOW and S&P500.... |
I hope some sell begins today, |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #610 Posted: Thu Jan 17, 2013 12:27 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | Looks like post europe open there will be some fireworks... |
In my opinion, European markets are getting into excellent SELL setups.....DAX and FTSE look like excellent sell (risk-reward is mouth-watering)....CAC is giving mixed signals.....For example, DAX will give an excellent SELL signal at the close of this weekly candle if it doesn't CLOSE below 7660...A new high closing will perfect the SELL set up.....Once that happens 2 possibilities are there....either it will start a new BUY set up which could run into another few months or a new SELL set up which could run into next few months.....I expect selling from here....rather than a new buy set up, as the current rally itself looks a bit stretched.....
NOTE: The situation is very much the same in the monthly charts of U.S indices....especially DOW and S&P500.... |
Sorry it was not 7660...its 7636....7660 is the future level.....7636 is the spot level to watch this week for DAX on a closing basis....if it doesn't close below 7636, then one can start looking to SELL...stoploss is obtained by adding the average true range of the highest candle added to the highs upto this week (which is around 7790 as of now)... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #611 Posted: Thu Jan 17, 2013 12:32 pm Post subject: |
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we may see yesterday's high again before selling comes |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #612 Posted: Thu Jan 17, 2013 1:00 pm Post subject: |
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New short position now looks risky |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #613 Posted: Thu Jan 17, 2013 1:02 pm Post subject: |
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yes taxmann, best case possibility of 6101NF |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #614 Posted: Thu Jan 17, 2013 1:08 pm Post subject: |
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vinay28 wrote: | yes taxmann, best case possibility of 6101NF |
I am in doubt so will stay out, |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #615 Posted: Thu Jan 17, 2013 1:29 pm Post subject: |
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Now hits 61.8% and retraces. |
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