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Nifty View - Jan 2013 |
apka
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Post: #871  Posted: Fri Jan 25, 2013 1:15 pm Post subject: |
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| meanwhile EUR 1.3415 +0.0039 (+0.29%) |
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psalm
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| Post: #872 Posted: Fri Jan 25, 2013 1:37 pm Post subject: |
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| apka wrote: | | meanwhile EUR 1.3415 +0.0039 (+0.29%) |
Do you track USD/JPY, Apka? if not just look at its movement in the last few weeks......  ...you wont realize that its a currency pair.....it is moving as if it is a commodity or a stock.... .....in the last 2 days, the pair went up from a low of around 88 to almost 91 yesterday.....means almost 3%..... ...moreover it was around 78 at the beginning of november. That means it has gone up by around 15% already in 3 months. No wonder, Nikkei is struggling to go down....the interesting part is that in 1998, it was around 150...that means hell lot of upside still left technically....  ...posting the monthly chart of USD/JPY...for the last 17 or 18 years... |
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SP50
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| Post: #873 Posted: Fri Jan 25, 2013 1:44 pm Post subject: |
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| psalm wrote: | | apka wrote: | | meanwhile EUR 1.3415 +0.0039 (+0.29%) |
Do you track USD/JPY, Apka? if not just look at its movement in the last few weeks...... ...you wont realize that its a currency pair.....it is moving as if it is a commodity or a stock.... .....in the last 2 days, the pair went up from a low of around 88 to almost 91 yesterday.....means almost 3%..... ...moreover it was around 78 at the beginning of november. That means it has gone up by around 15% already in 3 months. No wonder, Nikkei is struggling to go down....the interesting part is that in 1998, it was around 150...that means hell lot of upside still left technically.... ...posting the monthly chart of USD/JPY...for the last 17 or 18 years... |
Samji is this because of the heavy stimulus by BOJ? aslo i feel both the currencies have little value left.
Like some analyst are saying soon there will be mad rush of interest rates in the increase side.
Rocket dhoti ke under ghus jayega |
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psalm
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| Post: #874 Posted: Fri Jan 25, 2013 1:48 pm Post subject: |
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Nifty FUTURE has resistance in the range 6075-6095.....in that range, one might see profit booking or fresh shorts....anyway, let's wait and see...if we close above 6095 NF, then 6150-6200 targets could be still alive....  |
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psalm
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SP50
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| Post: #876 Posted: Fri Jan 25, 2013 1:58 pm Post subject: |
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Is this fresh buying or short covering? rate cut nehi huya then it will be avalance  |
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psalm
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| Post: #877 Posted: Fri Jan 25, 2013 2:03 pm Post subject: |
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| taxmann50 wrote: | | Is this fresh buying or short covering? rate cut nehi huya then it will be avalance |
For the next 2 days, rate sensitives (banks, real estates, Capital Goods and to a certain extend Autos) will be the darlings of the market....while the other sectors like IT, Oil and Gas and Telecom could see some profit taking or selling....I feel... |
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pkholla
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| Post: #878 Posted: Fri Jan 25, 2013 2:06 pm Post subject: |
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| psalm wrote: | | Bank of Japan and ABE is trying their best to help the economy..... |
I like Abe. At least he is doing SOMETHING. He says he will go on trying. He wants BoJ to dance to same music. He wants to try unconventional steps (very, very unusual for a Jap!)
Reminds me of Roosevelt, US Pres in 1930s. When asked if stimulus fails? "Why then we will try something else!" But it worked. He kick started US out of the long recession that must have seemed permanent to those who suffered thru it!
Regards, Prakash Holla
PS Not at all like our chair polishers who are promoted on grounds of LOYALTY even if they fail miserably at previous job |
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psalm
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| Post: #879 Posted: Fri Jan 25, 2013 2:07 pm Post subject: |
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| Have sold one Infy now...around 2810....stoploss of one percent...that means just above 2840.... |
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apka
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| Post: #880 Posted: Fri Jan 25, 2013 2:08 pm Post subject: |
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| taxmann50 wrote: | | Is this fresh buying or short covering? rate cut nehi huya then it will be avalance |
nothing taxman .. liquidation of longs and shorts at edge of range 6065, 6040, 6010.. thats it .. now we may go down again.
OI has squeezed to 122 lakhs as of EOD yesterday... shedding everyday. |
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psalm
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| Post: #881 Posted: Fri Jan 25, 2013 2:12 pm Post subject: |
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| pkholla wrote: | | psalm wrote: | | Bank of Japan and ABE is trying their best to help the economy..... |
I like Abe. At least he is doing SOMETHING. He says he will go on trying. He wants BoJ to dance to same music. He wants to try unconventional steps (very, very unusual for a Jap!)
Reminds me of Roosevelt, US Pres in 1930s. When asked if stimulus fails? "Why then we will try something else!" But it worked. He kick started US out of the long recession that must have seemed permanent to those who suffered thru it!
Regards, Prakash Holla
PS Not at all like our chair polishers who are promoted on grounds of LOYALTY even if they fail miserably at previous job |
Yes, Prakash....something had to be done there.....else it will be a disaster waiting for their economy....because of their aging people, lack of innovation and above all because of China's growth in the manufacturing sector....
NOTE: I feel at times that Japanese political arena is much worse than ours. Look at the number of PMs they've had in the last few years.... |
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SP50
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| Post: #882 Posted: Fri Jan 25, 2013 2:13 pm Post subject: |
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| apka wrote: | | taxmann50 wrote: | | Is this fresh buying or short covering? rate cut nehi huya then it will be avalance |
nothing taxman .. liquidation of longs and shorts at edge of range 6065, 6040, 6010.. thats it .. now we may go down again.
OI has squeezed to 122 lakhs as of EOD yesterday... shedding everyday. |
I see some shorts getting covered in beaten down counters like JP,RCOM,HDIL and some more. May be a precaution before 29th Rate decision.
It may boomerang if we go short and rates are reduced so now lets wait till 29th, |
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vinay28
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| Post: #883 Posted: Fri Jan 25, 2013 2:19 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.....  |
Bradley has gone wrong in the past, mainly because he follows western astrology, which is inferior to vedic (Indian) astrology. However, 29th jan to 1st feb is indeed an important period. Good for whom and bad for whom, God knows. |
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psalm
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| Post: #884 Posted: Fri Jan 25, 2013 2:19 pm Post subject: |
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| taxmann50 wrote: | | apka wrote: | | taxmann50 wrote: | | Is this fresh buying or short covering? rate cut nehi huya then it will be avalance |
nothing taxman .. liquidation of longs and shorts at edge of range 6065, 6040, 6010.. thats it .. now we may go down again.
OI has squeezed to 122 lakhs as of EOD yesterday... shedding everyday. |
I see some shorts getting covered in beaten down counters like JP,RCOM,HDIL and some more. May be a precaution before 29th Rate decision.
It may boomerang if we go short and rates are reduced so now lets wait till 29th, |
There is good chance for a rate cut....at least the chances are much more than last 2 times.....but will that be enough to propel the market to highs?...that's the question....my feeling is that there could be a small rate cut and that opportunity will be exploited by the serious players to exit a few longs or initiate a few shorts.....just my feeling... |
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psalm
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| Post: #885 Posted: Fri Jan 25, 2013 2:20 pm Post subject: |
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| vinay28 wrote: | | 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..... |
Bradley has gone wrong in the past, mainly because he follows western astrology, which is inferior to vedic (Indian) astrology. However, 29th jan to 1st feb is indeed an important period. Good for whom and bad for whom, God knows. |
Good to see your post on that Guruji......  |
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