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Nifty View - Jan 2013 |
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #976 Posted: Tue Jan 29, 2013 10:49 am Post subject: |
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pkholla wrote: | taxmann50 wrote: | .... a feeling that there will be loss both ways so better to stay out. |
Bilkul sahi, agdi barobar, saru che, right u r! Better to play the single scrips esp today and watch from "balcony seat" provided to us by IC, how NF drama unfolds! Cheers, Prakash Holla |
Prakash bhai always in cheerful mode great |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #977 Posted: Tue Jan 29, 2013 10:55 am Post subject: |
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taxmann50 wrote: | Prakash bhai always in cheerful mode great |
Taxmann: I am making 10k/week from single scrips: Maruti, Jubilant, Rel Infra, Cr Greav, Ind Hotels. Got fed up of losing money in NF and its FII manipulated moves. No wonder I am cheerful! Thanks for the compliment. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #978 Posted: Tue Jan 29, 2013 11:01 am Post subject: |
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RBI cuts repo rate by 25 bps, CRR by 25 bps
ICICI bank has to close above 1191 for any upside. That means for a short trade, stoploss can be closing stop of 1191.
SBI has to trade above 2493-95 levels for any upside in it. Below 2455 it will be weak and could test 2430 or even 2390 pretty quickly.
INFY has very important support in the range 2790-2780. A break below this will push it to even 2500 levels.
Reliance will be pretty weak if it starts trading below 890 on a sustainable basis. In that case 830 could be possible with 880 offering a minor support.
LT has to trade above 1460 levels for any upside. In that case there is chance of it testing 1637 or even 1670 levels. Below 1560, the stock could be pretty weak and could test 1500 or even 1450 levels pretty quickly. In that case, my medium term target around 1300 levels could be very much possible.
For HDFC Bank 685 and 699 are the immediate resistances. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #979 Posted: Tue Jan 29, 2013 11:04 am Post subject: |
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psalm wrote: | RBI cuts repo rate by 25 bps, CRR by 25 bps
ICICI bank has to close above 1191 for any upside. That means for a short trade, stoploss can be closing stop of 1191.
SBI has to trade above 2493-95 levels for any upside in it. Below 2455 it will be weak and could test 2430 or even 2390 pretty quickly.
INFY has very important support in the range 2790-2780. A break below this will push it to even 2500 levels.
Reliance will be pretty weak if it starts trading below 890 on a sustainable basis. In that case 830 could be possible with 880 offering a minor support.
LT has to trade above 1460 levels for any upside. In that case there is chance of it testing 1637 or even 1670 levels. Below 1560, the stock could be pretty weak and could test 1500 or even 1450 levels pretty quickly. In that case, my medium term target around 1300 levels could be very much possible.
For HDFC Bank 685 and 699 are the immediate resistances. |
3 Cheerss for FM, |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #980 Posted: Tue Jan 29, 2013 11:04 am Post subject: |
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bought a few Feb 6000 PUTs around 46 now... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #981 Posted: Tue Jan 29, 2013 11:07 am Post subject: |
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psalm wrote: | For the day, I don't see any serious weakness in our markets until 12 noon or even till around 1PM. If there is any weakness to set in, it could come only after 1'O Clock, I feel. Major levels, I'll be watching on the upside for the next 2 days are 6107 / 6135-6155 (20 point range) and then around 6177-81 levels. I have a feeling that we might see a top either today or tomorrow and then we'll go down. If there is a rate-cut, tomorrow could be that day. However, if there isn't any rate-cut tomorrow, today's highs or the recent highs (whichever is higher) may not be taken out, I believe. This is just my hypothesis. So, let's wait and see what's in store for us. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #982 Posted: Tue Jan 29, 2013 11:10 am Post subject: |
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Real estate stocks are looking extremely good for selling, I feel....sold a few of them now....DLF Unitech... |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #983 Posted: Tue Jan 29, 2013 11:11 am Post subject: |
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6107
Sam: Wow, Congrats, Prakash Holla |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #984 Posted: Tue Jan 29, 2013 11:12 am Post subject: |
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pkholla wrote: | taxmann50 wrote: | Prakash bhai always in cheerful mode great |
Taxmann: I am making 10k/week from single scrips: Maruti, Jubilant, Rel Infra, Cr Greav, Ind Hotels. Got fed up of losing money in NF and its FII manipulated moves. No wonder I am cheerful! Thanks for the compliment. |
Well done boss, 10k a week is great, |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #985 Posted: Tue Jan 29, 2013 11:16 am Post subject: |
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pkholla wrote: | 6107
Sam: Wow, Congrats, Prakash Holla |
Hahaha, I don't think this is the end of the story, Prakash....but I expected some break around 6107....I'm glad that level has worked....now, if it is taken out then 5135-5155 area could be tested....watch out... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #986 Posted: Tue Jan 29, 2013 11:16 am Post subject: |
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Feb shall see Nifty breaking the altime high with ease. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #987 Posted: Tue Jan 29, 2013 11:18 am Post subject: |
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psalm wrote: | pkholla wrote: | 6107
Sam: Wow, Congrats, Prakash Holla |
Hahaha, I don't think this is the end of the story, Prakash....but I expected some break around 6107....I'm glad that level has worked....now, if it is taken out then 5135-5155 area could be tested....watch out... |
Samji apke hath pura ghee ke under!!! 5135-5155? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #988 Posted: Tue Jan 29, 2013 11:21 am Post subject: |
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taxmann50 wrote: | psalm wrote: | pkholla wrote: | 6107
Sam: Wow, Congrats, Prakash Holla |
Hahaha, I don't think this is the end of the story, Prakash....but I expected some break around 6107....I'm glad that level has worked....now, if it is taken out then 5135-5155 area could be tested....watch out... |
Samji apke hath pura ghee ke under!!! 5135-5155? |
Sorry 6135-6155..... |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #989 Posted: Tue Jan 29, 2013 11:27 am Post subject: |
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psalm wrote: | Sorry 6135-6155..... |
Seriously, Sam, your subconscious wants N at 5135-55 from here on. Then you would be in "put- buyer" heaven! May it happen (after touching 7400 that is)!!!!! Prakash Holla |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #990 Posted: Tue Jan 29, 2013 11:28 am Post subject: |
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Immense short covering |
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