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Nifty View - Jan 2013 |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #856  Posted: Fri Jan 25, 2013 10:00 am Post subject: |
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| taxmann50 wrote: | | On the eve of rate cuts suddenly market news is coming that RBI will cut rates, has the FM finally able to soften Subbu? |
a) soften?
b) arm twist?
c) threaten?
Prakash Holla |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #857 Posted: Fri Jan 25, 2013 10:03 am Post subject: |
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| pkholla wrote: | | taxmann50 wrote: | | On the eve of rate cuts suddenly market news is coming that RBI will cut rates, has the FM finally able to soften Subbu? |
a) soften?
b) arm twist?
c) threaten?
Prakash Holla |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #858 Posted: Fri Jan 25, 2013 10:04 am Post subject: |
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| saurabhkurichh wrote: | Sam , good evening....
u had spoken something about an unfinished target on RCOM and probably u were working with weekly charts. Could u confirm that IFCI and allahabad bank had similar charts as well.
Also , do we require any other confirmation ??? |
Hello Saurabh,
Sorry that I didn't reply to you earlier. But I logged in only now as I was a bit busy earlier. Anyway, all the stocks you had mentioned are looking similar in many ways, especially IFCI and ALBK. Even indicators are showing similarities. If I have to find an odd one among them, it will be Rcom. Talking about RCOM, I was earlier expecting it to test 94 or even 100 levels. But now, it looks difficult after yesterday's sell off. Having said that I wont be surprised if the stock tests 88.5-89.5 range again. The chances are pretty less but still there is that risk for a short seller. For IFCI, I had alread included it in my selling list last week itself. The list I had posted on 14th Jan had that stock. I'm still pretty bearish on that stock. Regarding ALBK, that stock is looking weak as well. Could go down until there is any rate hike. Even a rate hike can only delay the inevitable, I feel. Anyway, if you were looking for something else with your question, please get back to me with what exactly you meant by your question. I'll be more than glad to reply to your question.
Regards,
SAM |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #859 Posted: Fri Jan 25, 2013 11:04 am Post subject: |
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| taxmann50 wrote: | | On the eve of rate cuts suddenly market news is coming that RBI will cut rates, has the FM finally able to soften Subbu? |
how will they cut rates, subbi already told inflation still high and citing the diesel price hike coming soon every month .. how can RBI cut rates i dont know..
every tom dick and harry now giving calls based on rate cut: CLSA raises L&T to 'outperform' on rate cuts, govt policy.
hyper-expectations |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #860 Posted: Fri Jan 25, 2013 11:06 am Post subject: |
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| apka wrote: | | taxmann50 wrote: | | On the eve of rate cuts suddenly market news is coming that RBI will cut rates, has the FM finally able to soften Subbu? |
how will they cut rates, subbi already told inflation still high and citing the diesel price hike coming soon every month .. how can RBI cut rates i dont know..
every tom dick and harry now giving calls based on rate cut: CLSA raises L&T to 'outperform' on rate cuts, govt policy.
hyper-expectations |
Confuse kaar raha hai sabko, |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #861 Posted: Fri Jan 25, 2013 11:11 am Post subject: |
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finally NF is in discount 
Lot of OI in 6000 CE and PE. DOes it suggest close at 6000 today?
though depends on who is buying and who is selling!! |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #862 Posted: Fri Jan 25, 2013 11:12 am Post subject: |
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| Mango aadmi ko experts ullu bana raha hai kya? Nothing new? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #863 Posted: Fri Jan 25, 2013 11:35 am Post subject: |
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| apka wrote: | | taxmann50 wrote: | | On the eve of rate cuts suddenly market news is coming that RBI will cut rates, has the FM finally able to soften Subbu? |
how will they cut rates, subbi already told inflation still high and citing the diesel price hike coming soon every month .. how can RBI cut rates i dont know..
every tom dick and harry now giving calls based on rate cut: CLSA raises L&T to 'outperform' on rate cuts, govt policy.
hyper-expectations |
When these international guys upgrade or downgrade, one must take it in the opposite way, I feel. Look at the APPLE scenario. All the institutions were giving BUY calls in that stock when it was trading around 700. Some had targets of even 1100. Look at where it is trading now. Around 450 after testing 700 odd levels. Now when it is trading 450, brokerages are coming and downgrading the stock. What does that mean? They've offloaded their position already and now getting ready to buy for long term again. My belief is that Apple may go down to 300 levels in the future. By that time, these guys would have amassed a sizable chunk. And then the stock will go to 700 or 800 again. When they're about to sell them, they'll upgrade the stock to BUY again, and then will give a target of 1500 or even 150000...  Retailers like us will get trapped as they'll start pouring their hard earned money only around those times only to see it washed away by the last leg of Euphoria. Similarly, L&T might go up to 1650 or 1670 levels. We might think that the brokerage guys got it right. But they'll use this opportunity to sell their shares or even initiate short positions. So, beware with this brokerage calls. Especially from the "firangi" guys. That's what I feel.  |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #864 Posted: Fri Jan 25, 2013 11:56 am Post subject: |
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| so far NF tried three times and has not lasted more than 5 mins below 6015-20 NF!! |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #865 Posted: Fri Jan 25, 2013 12:17 pm Post subject: |
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| Market is doing well at this point of time, especially on an intraday basis. Key for this move to sustain is Reliance, I feel. Reliance is trading around 900 levels now. If it holds 900 levels, there is good chance of some recovery in the stock and hence in the indices. But if if it starts trading below 900, then the market will be under pressure again. Even ONGC is also giving some indication that a top is already in place. Anyway, let's wait and see how they're gonna behave from here... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #866 Posted: Fri Jan 25, 2013 12:33 pm Post subject: |
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| Banks are leading this recovery in the market....rate sensitive stocks are also doing well.....this could continue for the next couple of days upto Tuesday (policy announcement day)...if SBI stays above 2500, it could test the recent highs again.....so, let's wait and see how banks do frm here... |
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apka
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Posts: 6137
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| Post: #867 Posted: Fri Jan 25, 2013 12:53 pm Post subject: |
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| IF sbin closes at 2495 .. it will be a 3 weekly doji at top of trend .. which is a pattern for reversal. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #868 Posted: Fri Jan 25, 2013 12:58 pm Post subject: |
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| apka wrote: | | IF sbin closes at 2495 .. it will be a 3 weekly doji at top of trend .. which is a pattern for reversal. |
Very much possible Apka.....If it tests 2550-60 area again, it will be a good area to initiate a few shorts, I feel....the risk will be just around a percent or two...I have a feeling that the stock could very much test 2300 levels soon..... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #869 Posted: Fri Jan 25, 2013 12:59 pm Post subject: |
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I have recently read an article on Donald A. Bradley . He was an astrologer. I have read that article as it was showing a chart with "Bradley's dates" plotted on it along with a stock market index chart. The Bradley's dates are calculated as per some astrological calculations. The writer was pointing to the fact that the market did react as per Bradley's dates and that one can use it as a timing tool. Personally, I'm not a follower of Astrology. But I know that Vinay is interested in it. That's why sharing it. The reason I'm posting it today is that next Bradley date is on 29th January, the policy day. You may read more about that guy and the "Badley Turn Dates' from the web. Let's wait and see if the Bradley dates have any influence on our markets from or around that day.....  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #870 Posted: Fri Jan 25, 2013 1:09 pm Post subject: |
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| psalm wrote: | | I have recently read an article on Donald A. Bradley . He was an astrologer. I have read that article as it was showing a chart with "Bradley's dates" plotted on it along with a stock market index chart. The Bradley's dates are calculated as per some astrological calculations. The writer was pointing to the fact that the market did react as per Bradley's dates and that one can use it as a timing tool. Personally, I'm not a follower of Astrology. But I know that Vinay is interested in it. That's why sharing it. The reason I'm posting it today is that next Bradley date is on 29th January, the policy day. You may read more about that guy and the "Badley Turn Dates' from the web. Let's wait and see if the Bradley dates have any influence on our markets from or around that day..... |
It will be a hangover!!! |
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