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Nifty View - January '15 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #196  Posted: Wed Jan 28, 2015 2:29 pm Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | | VIX up 5.4%.... time to short??? |
though 9012/63NF are possible, I have bought small qty of 8700pe for Feb.
track advance/decline ratio |
sold today's puts, carrying yesterday's |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #197 Posted: Wed Jan 28, 2015 2:31 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | NU2013 wrote: | | VIX up 5.4%.... time to short??? |
though 9012/63NF are possible, I have bought small qty of 8700pe for Feb.
track advance/decline ratio |
sold today's puts, carrying yesterday's |
Expiry target???? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #198 Posted: Wed Jan 28, 2015 2:54 pm Post subject: |
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| NU2013 wrote: | | Expiry target???? |
my expiry target of 8920 already came so now not sure. Gamble call is buy 8950CE. sold half of yesterday's puts.
today's candle very bad and gap down with 100 more down not ruled out. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #199 Posted: Wed Jan 28, 2015 7:42 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Thursday (29/01/14) and beyond
Supports are at about 8863, 8813 and 8744 while resistances are at about 8925, 8958, 8975, 9036 and 9080. Previous unfilled gap on lower side is at about 8761. Two +WWs can give about 8956 (once if above 8881) and 9191 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8795 (once below 8875), 8775 (once below 8906) and 8730 (once below 8872) (-WWs with lower targets are not mentioned as of now). A rising wedge break down can give about 8450 if nifty sustains below 8900. A bearish flag can give lower level unless killed above 8945. A HnS can give about 8815 if nifty breaks below 8870.
Nifty fell sharply after making another all time high and yet closed at an all time high above 8900. The daily candle is an inverted hammer and we may see some more fall. A close below 8835 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, expect wild swings due to high vix. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #200 Posted: Thu Jan 29, 2015 11:11 am Post subject: |
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Remember that if RIL now takes nifty well above 9000, it can be the final rally for some months.......... Much to the displeasure of RK the great.
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NU2013
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Joined: 18 Jul 2013
Posts: 104
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| Post: #201 Posted: Thu Jan 29, 2015 11:25 am Post subject: |
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| vinay28 wrote: | Remember that if RIL now takes nifty well above 9000, it can be the final rally for some months.......... Much to the displeasure of RK the great.
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Reliance..... Will we get 940 950 today itself ??
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #202 Posted: Thu Jan 29, 2015 11:32 am Post subject: |
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| NU2013 wrote: | | vinay28 wrote: | Remember that if RIL now takes nifty well above 9000, it can be the final rally for some months.......... Much to the displeasure of RK the great.
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Reliance..... Will we get 940 950 today itself ??
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actually that comment was not for today but for Feb/march. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #203 Posted: Thu Jan 29, 2015 11:38 am Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | | vinay28 wrote: | Remember that if RIL now takes nifty well above 9000, it can be the final rally for some months.......... Much to the displeasure of RK the great.
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Reliance..... Will we get 940 950 today itself ??
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actually that comment was not for today but for Feb/march. |
Ok. I exited at 932 earlier today, so just checking....
Where do you see close today on Nifty?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #204 Posted: Thu Jan 29, 2015 11:51 am Post subject: |
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| NU2013 wrote: | Ok. I exited at 932 earlier today, so just checking....
Where do you see close today on Nifty?? |
as I posted yesterday, my expiry target of 8920 already came. so may be back there. Today's high/low can be 8953/8783. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #205 Posted: Thu Jan 29, 2015 3:08 pm Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | Ok. I exited at 932 earlier today, so just checking....
Where do you see close today on Nifty?? |
as I posted yesterday, my expiry target of 8920 already came. so may be back there. Today's high/low can be 8953/8783. |
8953  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #206 Posted: Thu Jan 29, 2015 3:24 pm Post subject: |
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| bearish div on nifty daily |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #207 Posted: Thu Jan 29, 2015 3:27 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | NU2013 wrote: | Ok. I exited at 932 earlier today, so just checking....
Where do you see close today on Nifty?? |
as I posted yesterday, my expiry target of 8920 already came. so may be back there. Today's high/low can be 8953/8783. |
8953 |
Great last 30 mins..... exited 8900 CE at 55!!
Thanks again Vinay!! |
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vinay28
Black Belt
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Posts: 11748
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| Post: #208 Posted: Thu Jan 29, 2015 3:39 pm Post subject: |
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| you are welcome NU |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #209 Posted: Thu Jan 29, 2015 4:23 pm Post subject: |
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| Now to see what happens next. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #210 Posted: Thu Jan 29, 2015 5:08 pm Post subject: |
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| vinay28 wrote: | | Now to see what happens next. |
After touching TL it retraced a bit and again went up ward. So, I guess this time it has to overshoot above the channel before coming down.
Also we may consider the fact that FII's are pumping in relentlessly in to the cash markets.
All of us knew that market is due for a correction.The million dollar question is when?
As of now it's coming up vehemently after each down move triggering all the stop losses for shorts.
I am thinking to go for shorts with SL at NS 9065.
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