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Nifty View - Jan 2013 |
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #691  Posted: Mon Jan 21, 2013 2:10 pm Post subject: |
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| apka wrote: | | taxmann50 wrote: | I am expecting a close above 6100 today,  shorts be on guard  |
hah! just when market was lookng dull, good reading |
Well in such a bullish market whenever premium drops so low to single digit and market is still positive then sooner or later market will start going up and premium will rise,
FII is pulling people in, next thing I cant read if they r gonna dump or not |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #692 Posted: Mon Jan 21, 2013 2:14 pm Post subject: |
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| sw_das wrote: | Hope this does a panic cover to 6200 today. LOL  |
I doubt people went short, they are not idiots |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #693 Posted: Mon Jan 21, 2013 2:14 pm Post subject: Nifty view - January |
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| Another 30/40 points upmove, if stagger probably 50. After that, can they pull it further? |
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rakeshliving
White Belt
Joined: 03 Jan 2011
Posts: 88
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| Post: #694 Posted: Mon Jan 21, 2013 2:28 pm Post subject: |
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hello friends OI 6100PE is again +65% again
and nifty is around 6100
are they writing or they are covering shorts?
if one can now buy NF? |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #695 Posted: Mon Jan 21, 2013 2:52 pm Post subject: Nifty view - January |
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| Yes, That is a very good addition. There can be one more round of upmove possible. That is all we can interpret. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #696 Posted: Mon Jan 21, 2013 2:57 pm Post subject: |
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| taxmann50 wrote: | | sw_das wrote: | | Hope this does a panic cover to 6200 today. LOL |
I doubt people went short, they are not idiots |
Every trade is combination of long and short So someone is short and some one is long...but future positions are hedged for biggies.
Just that market is range bound hence told that with LOL.
Other wise it remains range bound with upward bias as of now.
But important results are there...so can affect the path.
reasonable to hit 6100-6110 spot I feel. |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #697 Posted: Mon Jan 21, 2013 10:38 pm Post subject: |
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| freefalll start in next 2days.1st target 5980 and can go upto 5765 after much awaited bad news on 29th.trade causiously |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #698 Posted: Tue Jan 22, 2013 8:23 am Post subject: |
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| ragwendra, don't you think you should give reasons if you know them? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #699 Posted: Tue Jan 22, 2013 8:59 am Post subject: |
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| vinay28 wrote: | | ragwendra, don't you think you should give reasons if you know them? |
yeh... bad news for 29th, i guess he means no rate cuts based on what subbu said last week. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #700 Posted: Tue Jan 22, 2013 9:34 am Post subject: |
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| ragwendra wrote: | | freefall start in next 2 days. 1st target 5980 and can go upto 5765 after much awaited bad news on 29th. trade cautiously |
Gurudev: (1) any news which is much awaited is already discounted by the market ie factored into the price.
(2) also please let us know which bad news (that u r refering to) that can shake the foundations of Nifty. I want to get prepared for 29th!
Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #701 Posted: Tue Jan 22, 2013 9:34 am Post subject: |
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| I didn't mean that apka. I am wondering about his statement about next 2 days. Is it astrological? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #702 Posted: Tue Jan 22, 2013 9:41 am Post subject: |
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Vinay: Heartfelt congrats on 4000th post. How come IC Admin havent promoted you to purple (color of rulers) belt?
Prakash Holla |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #703 Posted: Tue Jan 22, 2013 10:00 am Post subject: |
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| Well many people r out of their mind the way there has been a rally since Fed started its QE3 and moreover with so much money around there has been free flow of weed, white powder, grass and anything you name it. Big loud mind blowing party does not end here. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #704 Posted: Tue Jan 22, 2013 10:02 am Post subject: |
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| We might see resistance in 6100-6110 spot range I think. But actual swing resistance around 6150-6200 spot range. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #705 Posted: Tue Jan 22, 2013 10:13 am Post subject: |
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| Banks r showing strength along with Infra, |
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