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Nifty View - January Series 2014 |
amitagg
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Joined: 01 Oct 2013
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Post: #496  Posted: Wed Jan 29, 2014 11:29 pm Post subject: |
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| vinay28 wrote: | | likely lower levels? |
just see the confluence of trendline supports in 5900-6000 area...+gartley target+200dma etc etc.... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #497 Posted: Thu Jan 30, 2014 8:38 am Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | likely lower levels? |
just see the confluence of trendline supports in 5900-6000 area...+gartley target+200dma etc etc.... |
some of them are -ww targets. anyway, since it has been making higher lows, it could stop at 6050-75, which I understand is a Gann support. Of course sgx shows lower levels. |
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growrich
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Joined: 16 Aug 2013
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| Post: #498 Posted: Thu Jan 30, 2014 8:54 am Post subject: |
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vinay
yeah 6044-6065 is a good support area , but any hourly close below them ,then i am afraid there is more to this downside .well as disclaimer i am positionally long in nifty till we dont have a eod close below 5970 on NS |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #499 Posted: Thu Jan 30, 2014 9:39 am Post subject: |
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The flow from the Fed tap has been reduced NOT shut off. India needs only a small fraction of the flow.
India remains a favored destination for FIIs compared to horror stories like Putin's Russia! Also Brazil not giving lot of confidence at present due to incompetent President. China fairy tale seems to be over what with ghost towns, bogus economic stats, illusion of employment, etc!
NF panic fall, then recovery to yesterday's levels (at least)? Big Q is where will it reverse!
Cheers, Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #500 Posted: Thu Jan 30, 2014 9:49 am Post subject: |
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| growrich wrote: | vinay
yeah 6044-6065 is a good support area , but any hourly close below them ,then i am afraid there is more to this downside .well as disclaimer i am positionally long in nifty till we dont have a eod close below 5970 on NS |
some recovery is likely as feb 6000 put is well above R4 level. So expiry could be closer to 6100 |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #501 Posted: Thu Jan 30, 2014 9:57 am Post subject: |
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I've just had the best trade of my life
I had 10500pe at 9.5 from 5-6 days, sold it now for 260
I have seen option prices multiply like slot machine numbers, but never for my own trade |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #502 Posted: Thu Jan 30, 2014 10:06 am Post subject: |
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| apka wrote: | I've just had the best trade of my life
I had 10500pe at 9.5 from 5-6 days, sold it now for 260
I have seen option prices multiply like slot machine numbers, but never for my own trade |
 mindboggling |
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pkholla
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Joined: 04 Nov 2010
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| Post: #503 Posted: Thu Jan 30, 2014 10:08 am Post subject: |
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| apka wrote: | | I've just had the best trade of my life I had 10500pe at 9.5 from 5-6 days, sold it now for 260 I have seen option prices multiply like slot machine numbers, but never for my own trade |
Abi bhi umar kam hai (29?), share market ke mathlab se, may many more such trades come your way, apka. prakash holla |
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apka
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| Post: #504 Posted: Thu Jan 30, 2014 10:16 am Post subject: |
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danke  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #505 Posted: Thu Jan 30, 2014 10:27 am Post subject: |
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update on HnS of banking stocks posted few days back:
bank nifty : 200 away from 2nd trgt (1000 points done)
kotak bank : passed 2nd trgt also (70 points done)
yes bank : passed 2nd trgt also (55 points done)
indusind bank : 4 points away from 2nd trgt (60 points done)
bank of baroda : 5 points away from 2nd trgt (110 points done)
icici : 15 points away from 1st trgt (100 points done)
hdfc bank : 7 points away from 1st trgt (30 points done) |
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apka
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| Post: #506 Posted: Thu Jan 30, 2014 10:41 am Post subject: |
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| OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #507 Posted: Thu Jan 30, 2014 11:11 am Post subject: |
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| Just sold 6400ce/5700pe for feb. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #508 Posted: Thu Jan 30, 2014 11:20 am Post subject: |
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| apka wrote: | | OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
6000 call is also adding oi...6000 is coming it seems.. too early to say we have to wait and watch...otherwise as u said 6060-6050 |
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vinay28
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Joined: 24 Dec 2010
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| Post: #509 Posted: Thu Jan 30, 2014 11:23 am Post subject: |
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| yashrahul wrote: | | apka wrote: | | OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
6000 call is also adding oi...6000 is coming it seems.. too early to say we have to wait and watch...otherwise as u said 6060-6050 |
or 6100-6120? |
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yashrahul
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Joined: 29 Jun 2013
Posts: 512
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| Post: #510 Posted: Thu Jan 30, 2014 11:30 am Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | apka wrote: | | OI addition in 6050pe 6050ce, 6100ce 6000pe is suggesting we may have a stalemate expiry here near 6060. Let's see what movement comes after europe opens. |
6000 call is also adding oi...6000 is coming it seems.. too early to say we have to wait and watch...otherwise as u said 6060-6050 |
or 6100-6120? |
possible...it is difficult to guess now as 6050 call and 6100 call have both accumulation of 35 lakhs and 45 lakhs in oi for today...generally 9 out of 10 times we shouldn't cross 6050 the only problem is additon in oi of 6050 and 6100 put ..either the markets are preparing for a huge downside of 6000 or below or 6050 is today's close but some of the asian markets are improving and if the selling is done for some time we may see a close of 6100 also..nothing is impossible in the markets..and that to on an expiry day...but i will still say a close at 6000 or below can't be ruled out for today. |
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