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Nifty View - January Series 2014 |
amitagg
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Joined: 01 Oct 2013
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Post: #196  Posted: Fri Jan 10, 2014 2:26 pm Post subject: |
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| already fell i see....break down level was 6197-6200 |
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apka
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Joined: 13 Dec 2011
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| Post: #197 Posted: Fri Jan 10, 2014 2:49 pm Post subject: |
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I felt it's cursive selling...
4 days we closed below 50sma, 3 days we closed below 50ema.. we breached it fast and furiously intraday and didn't hold for more than 2-3 hours. and are back below it... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #198 Posted: Fri Jan 10, 2014 2:56 pm Post subject: |
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| vix should not go above 15.96/16.09 |
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apka
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Joined: 13 Dec 2011
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| Post: #199 Posted: Fri Jan 10, 2014 3:01 pm Post subject: |
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| apka wrote: | I felt it's cursive selling...
4 days we closed below 50sma, 3 days we closed below 50ema.. we breached it fast and furiously intraday and didn't hold for more than 2-3 hours. and are back below it... |
i'll be the odd one out in saying this was just an attempt to breach 50sma and 50ema, but we coudn't sustain so fall should continue for lower HnS and -ww trgts. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #200 Posted: Fri Jan 10, 2014 3:04 pm Post subject: |
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| apka wrote: | I felt it's cursive selling...
4 days we closed below 50sma, 3 days we closed below 50ema.. we breached it fast and furiously intraday and didn't hold for more than 2-3 hours. and are back below it... |
Putting it another way:
Y'day open 6196.45, close 6193
T'day open 6187.75, close 6186 as of 1504
Poor volumes, eating of option premium
Public given strong sleeping medicine
Then BO or BD next week!
Cheers, Prakash Holla |
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stevenmat
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Joined: 27 Dec 2011
Posts: 478
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| Post: #201 Posted: Fri Jan 10, 2014 3:08 pm Post subject: |
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@prakash : like you said the other day...this roulette table is rigged for sure.. some vested interests always takes everyone for a ride.. Its evident since they deplete option prices on both sides.. They love playing these games  |
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vinay28
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| Post: #202 Posted: Fri Jan 10, 2014 3:11 pm Post subject: |
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| today and monday fomc, iip and inflation data |
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apka
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Posts: 6137
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| Post: #203 Posted: Fri Jan 10, 2014 5:39 pm Post subject: |
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Nov 2013 IIP worsens further to -2.1%
April - Nov 2013 IIP at -0.2% |
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vinay28
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| Post: #204 Posted: Fri Jan 10, 2014 5:48 pm Post subject: |
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| apka wrote: | Nov 2013 IIP worsens further to -2.1%
April - Nov 2013 IIP at -0.2% |
I wonder whether that's why market fell. |
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apka
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Posts: 6137
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| Post: #205 Posted: Fri Jan 10, 2014 5:52 pm Post subject: |
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Did you know there are 40 national elections in 2014, representing 42% population and half the GDP of the world? I received a fwd message on it, I haven't verified it.
This year is going to be a spectacle of volatility if it's true. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #206 Posted: Fri Jan 10, 2014 6:02 pm Post subject: |
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| apka wrote: | Did you know there are 40 national elections in 2014, representing 42% population and half the GDP of the world? I received a fwd message on it, I haven't verified it.
This year is going to be a spectacle of volatility if it's true. |
that's true apka, but very few elections matter to the markets but none lke ours. 
by the way, today's candle is very interesting. Also, nifty movement shows remarkable similarity with 09-10. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #207 Posted: Fri Jan 10, 2014 6:10 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | Did you know there are 40 national elections in 2014, representing 42% population and half the GDP of the world? I received a fwd message on it, I haven't verified it.
This year is going to be a spectacle of volatility if it's true. |
that's true apka, but very few elections matter to the markets but none lke ours.
by the way, today's candle is very interesting. Also, nifty movement shows remarkable similarity with 09-10. |
09-10: Vinay pls elaborate a bit for benefit of all so we don't have to do guesswork |
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vinay28
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Posts: 11748
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| Post: #208 Posted: Fri Jan 10, 2014 6:27 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | that's true apka, but very few elections matter to the markets but none lke ours.
by the way, today's candle is very interesting. Also, nifty movement shows remarkable similarity with 09-10. |
09-10: Vinay pls elaborate a bit for benefit of all so we don't have to do guesswork |
9-10 movement showed that a rising nifty seemed to be forming a rounded top but before it could form, it zoomed up. Same thing has been happening. Two charts are attached. Granted that it doesn't have to happen.
By the way, as regards today's candle, first is that it's a doji showing uncertainty and then it engulfs five previous candles while being in a downtrend. Add to that a hidden div for some days and a mild +ve div today. People like chandru may accuse me to be biased but then I can't ignore such tell-tale signs. |
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amitagg
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Posts: 4559
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| Post: #209 Posted: Fri Jan 10, 2014 6:29 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | Nov 2013 IIP worsens further to -2.1%
April - Nov 2013 IIP at -0.2% |
I wonder whether that's why market fell. |
No Vinay, market would follow inflation number more...
If IIP is fallen and inflation is lower(?), then it would be a case of same rbi policy rates and hence a relief (medium or small) rally. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #210 Posted: Fri Jan 10, 2014 6:31 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | apka wrote: | Nov 2013 IIP worsens further to -2.1%
April - Nov 2013 IIP at -0.2% |
I wonder whether that's why market fell. |
No Vinay, market would follow inflation number more...
If IIP is fallen and inflation is lower(?), then it would be a case of same rbi policy rates and hence a relief (medium or small) rally. |
market will react to every data but I was trying to impress upon the fact that I won't be surprised if FIIs knew data in advance. I had posted a link months ago that shows that agencies in US which release such data officially release it to five top funds in US 30 min in advance for a payment and it is legal. |
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