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Nifty View - Jan 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #886  Posted: Fri Jan 25, 2013 2:49 pm Post subject: |
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| If anyone went long today early in the day, one can carry them. Bank nifty is better |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #887 Posted: Fri Jan 25, 2013 2:54 pm Post subject: |
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| vinay28 wrote: | | If anyone went long today early in the day, one can carry them. Bank nifty is better |
Yup....banks certainly look good at this point of time.....even I'm thinking about exiting my Canbk shorts...though its still below my sell price.....  ...cos, there is every chance of stoplosses getting triggered in the next 2 or 3 days.....it could just trigger the stoploss and then reverse frustrating a lot of traders....I feel... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #888 Posted: Fri Jan 25, 2013 2:57 pm Post subject: |
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| if you want to cover shorts, better today as, who knows, we may have gap ups from monday. OR at least hedge with banknifty longs. Just a thought |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #889 Posted: Fri Jan 25, 2013 2:59 pm Post subject: |
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| Last week I had mentioned about the DAX Sell setup and mentioned that a new higher closing will perfect the sell set up.....Dax has made a new high today....now, one will have to see if it will close above 7800 levels.....anyway, for a seller in that index these are good times to initiate fresh shorts.....cos, the risk-reward could huge....but again, there could be new rally as well.....but the probabilities are extremely less....especially after a long rally and the current financial situations across the globe....Anyway, only time will tell what's gonna happen....but I VERY MUCH expect a correction there....at least to the tune of 13 to 15%....or till around 6900-6800 levels.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #890 Posted: Fri Jan 25, 2013 3:00 pm Post subject: |
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| vinay28 wrote: | | if you want to cover shorts, better today as, who knows, we may have gap ups from monday. OR at least hedge with banknifty longs. Just a thought |
I'll think about exiting it, towards the close Vinay....not going LONG today...  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #891 Posted: Fri Jan 25, 2013 3:17 pm Post subject: |
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For two consequative days, O/H in NF are "K" numbers. Looks like when that happens, H is not exceeded that day.
Let's try a game. Monday's low should be about 6042NF. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #892 Posted: Fri Jan 25, 2013 3:27 pm Post subject: |
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| psalm wrote: | | vinay28 wrote: | | if you want to cover shorts, better today as, who knows, we may have gap ups from monday. OR at least hedge with banknifty longs. Just a thought |
I'll think about exiting it, towards the close Vinay....not going LONG today... |
I've exited the Canbk short now..around 489...Bank shorts look dangerous, that's why exited...I'm carrying all my other shorts for next week....by the way, the weekly candle is very much like a hanging man...that means unless there is considerable buying next week (a big green candle), we must be close to some top....that's what I feel.... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #893 Posted: Fri Jan 25, 2013 3:30 pm Post subject: |
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| A good close I feel, particularly being at discount. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #894 Posted: Fri Jan 25, 2013 3:32 pm Post subject: |
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| vinay28 wrote: |
Let's try a game. Monday's low should be about 6042NF. |
Tuesday's high will be 6100.  Just fun. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #895 Posted: Fri Jan 25, 2013 3:37 pm Post subject: |
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| vinay28 wrote: |
Monday's low should be about 6042NF. |
I fully agree with you
It seems, on monday market will go down.
See daily chart, three-fourth (3/4) of IH&S is completed. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #896 Posted: Fri Jan 25, 2013 3:40 pm Post subject: |
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| vinay28 wrote: | | western astrology, which is inferior to vedic (Indian) astrology. |
Vedic astrology may be superior but not the practitioners! A Cobra may differ and argue with a Desashth, down south an Iyer with an Ayyangar and Smarthas with Vaishnavaites. With increasing number of Shiva bhakts marrying Vishnu bhakts, it is a spectacle to see the opposing priests arguing like immature kids. Vinay, do you remember the recent controversy as to when Krishna Janmashtami came 2 years back? Estimates varied from early August to end September depending on who saw the charts. Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #897 Posted: Fri Jan 25, 2013 3:47 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: |
Monday's low should be about 6042NF. |
I fully agree with you
It seems, on monday market will go down.
See daily chart, three-fourth (3/4) of IH&S is completed. |
saumya, you are agreeing with me and also saying market will go down on monday? When I said 6042NF on monday it means a higher low. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #898 Posted: Fri Jan 25, 2013 3:49 pm Post subject: |
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| no prakash, if you see various websites these days on financial astrology, it is a fairly well developed field here too. Some Indians settled abroad also have their website. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #899 Posted: Fri Jan 25, 2013 5:22 pm Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | | vinay28 wrote: |
Monday's low should be about 6042NF. |
I fully agree with you
It seems, on monday market will go down.
See daily chart, three-fourth (3/4) of IH&S is completed. |
saumya, you are agreeing with me and also saying market will go down on monday? When I said 6042NF on monday it means a higher low. |
I too agree with vinay and saumya  |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #900 Posted: Fri Jan 25, 2013 5:40 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | saumya12 wrote: | | vinay28 wrote: |
Monday's low should be about 6042NF. |
I fully agree with you
It seems, on monday market will go down.
See daily chart, three-fourth (3/4) of IH&S is completed. |
saumya, you are agreeing with me and also saying market will go down on monday? When I said 6042NF on monday it means a higher low. |
I too agree with vinay and saumya |
You are the true master of the market Apka.Ready for any direction.  |
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