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Nifty View - January Series 2014 |
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #451  Posted: Tue Jan 28, 2014 12:54 pm Post subject: |
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This has been the most bizzare incident that when 85% of the analyst predicted a status quo in Repo the Governor increased it by 25bps and yet the market did not go down. Something big is cooking for sure and I think its wise to go long in Feb options.
Vinay whats your take.
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #452 Posted: Tue Jan 28, 2014 1:00 pm Post subject: |
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| SP50 wrote: | This has been the most bizzare incident that when 85% of the analyst predicted a status quo in Repo the Governor increased it by 25bps and yet the market did not go down. Something big is cooking for sure and I think its wise to go long in Feb options.
Vinay whats your take.
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I did mention that some experts did expect a rise and I have heard them say so. So your understanding is incorrect to that extent. We will only know in days to come whether the fall till today had already discounted a rate hike. Further fall after announcement tells me that rate hike in msf wasn't discounted but later they realised that it's not serious at all. What's more, rbi gave enough hint that there may not be further hike. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #453 Posted: Tue Jan 28, 2014 1:02 pm Post subject: |
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| vinay28 wrote: | | SP50 wrote: | This has been the most bizzare incident that when 85% of the analyst predicted a status quo in Repo the Governor increased it by 25bps and yet the market did not go down. Something big is cooking for sure and I think its wise to go long in Feb options.
Vinay whats your take.
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I did mention that some experts did expect a rise and I have heard them say so. So your understanding is incorrect to that extent. We will only know in days to come whether the fall till today had already discounted a rate hike. Further fall after announcement tells me that rate hike in msf wasn't discounted but later they realised that it's not serious at all. What's more, rbi gave enough hint that there may not be further hike. |
Thats right , now more likely a flat expiry and then the steam to pick up in Feb. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #454 Posted: Tue Jan 28, 2014 1:03 pm Post subject: |
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| you should also look at 5800pe for feb which went far far above R4 level and has to react due to writing, which means 5800 seems protected in feb. When nifty goes to 6250, if it goes there, it's worth a try buying 6000pe for feb. I also posted last wek that we may see feb nifty about 200-250 above expiry level. So accordingly one can try appropriate CE also. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #455 Posted: Tue Jan 28, 2014 1:35 pm Post subject: |
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| vix may fall more |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #456 Posted: Tue Jan 28, 2014 1:39 pm Post subject: |
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| Post 2.30pm some magic expected. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #457 Posted: Tue Jan 28, 2014 1:43 pm Post subject: |
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| AT BO can give 6195 it breaks and remains above 6140. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #458 Posted: Tue Jan 28, 2014 1:56 pm Post subject: |
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Confusing OI buildup in both the 6100 CE and PE  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #459 Posted: Tue Jan 28, 2014 2:30 pm Post subject: |
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| I think it will try to close at/above today's high to give a bullish piercing cum hammer. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #460 Posted: Tue Jan 28, 2014 9:05 pm Post subject: |
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The other day I posted Bullish Gartley pattern in Ambuja Cement, in Individual Stocks thread.
Here is one in Bank Nifty
Please keep one thing in mind that these patterns will keep forming even if the stock falls to the lower levels.
So to enter any such pattern you must do your homework. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #461 Posted: Tue Jan 28, 2014 9:15 pm Post subject: |
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NIFTY Bullish Gartley daily tf 28.1.13
And the one in NIFTY, for which I was waiting since long.
(Yesterday, I posted a +ww in NF, in Wolfe Wave thread)
So it seems that sooner or later we will see a bullish trend, overall.
I will again add that
Please keep one thing in mind that these patterns will keep forming even if the stock falls to the lower levels.
So to enter any such pattern you must do your homework.
More so, being in daily tf, these are long term patterns. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #462 Posted: Wed Jan 29, 2014 12:24 pm Post subject: |
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| if it breaks below 6147 convincingly, we may see 6085. |
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PS Trader
White Belt
Joined: 22 Sep 2013
Posts: 101
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| Post: #463 Posted: Wed Jan 29, 2014 12:39 pm Post subject: |
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| vinay28 wrote: | | if it breaks below 6147 convincingly, we may see 6085. |
Most probably NR7 day  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #464 Posted: Wed Jan 29, 2014 12:44 pm Post subject: |
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| PS Trader wrote: | | vinay28 wrote: | | if it breaks below 6147 convincingly, we may see 6085. |
Most probably NR7 day |
possible. either that or a big move later, hopefully up. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #465 Posted: Wed Jan 29, 2014 12:58 pm Post subject: |
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| i have a feeling it shall do down today for few points from here on...but not sure whether 6140-6130 shall be breached convincingly.... |
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