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Nifty View - July 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #136  Posted: Tue Jul 09, 2013 11:27 am Post subject: |
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| Quote: | RBI, Sebi toughen rules on forex derivatives to curb rupee fall
The Reserve Bank of India, in a notification issued late on Monday, banned banks from proprietary trading in domestic currency futures and the exchange-traded options market.
In a separate order, the Securities and Exchange Board of India (SEBI) increased the margin requirement on the domestic dollar-rupee forward trade to 100 per cent of the traded amount, which means investors will have to shore up the full amount of the transaction at the time of the trade itself and not during settlement.
SEBI also imposed fresh restrictions on open interest on USD-INR trades.
"In consultation with RBI and in view of the recent turbulent phase of extreme volatility in USD-INR exchange rate, it has been decided to curtail position limits and increase margin requirements for Currency Derivatives," the SEBI circular said.
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riteshucha
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Joined: 19 May 2012
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| Post: #137 Posted: Tue Jul 09, 2013 3:05 pm Post subject: |
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gap of 5868 filled... NF high so far 5876.90.. 1st WW tgt 5877... 
now what... 5720/ 5682?? which is long pending.. i m not bearish but just the thought that it is still pending creates a doubt to take a long trade..
your views..
| vinay28 wrote: | Nifty for Tuesday (09/07/13)
The unfilled gaps on the higher/lower side are at about 5868/5682. Four +WWs can give about 5877, 5910 (once above 5819), 5934 and 5942 (once above 5829) (+WWs with higher targets are not mentioned as of now). A -WW can give about 5720 (-WWs with lower targets are not mentioned presently). A weekly bearish flag can give a much lower level unless it gets killed above about 6012. A daily bullish flag can give a much higher level unless it gets killed below about 5700.
Only if nifty closes above 50 sma (about 5922), it will give hopes to bulls. Oil price and INR will remain key to the future of Indian markets in the short term. VIX and PCR are expected to remain high and can cause sharp swings. Only global cues and/or liquidity can take nifty further up. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #138 Posted: Tue Jul 09, 2013 3:08 pm Post subject: |
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| riteshucha wrote: | gap of 5868 filled... NF high so far 5876.90.. 1st WW tgt 5877...
now what... 5720/ 5682?? which is long pending.. i m not bearish but just the thought that it is still pending creates a doubt to take a long trade..
your views.. |
ritesh, all my levels are NS. I am hoping for 5881/94/5914NF today. |
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vinay28
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| Post: #139 Posted: Tue Jul 09, 2013 3:13 pm Post subject: |
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| looks like today will be a NR7 day again. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #140 Posted: Tue Jul 09, 2013 3:26 pm Post subject: |
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| I am hoping for a gap up tmrw also. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #141 Posted: Tue Jul 09, 2013 3:57 pm Post subject: |
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| nr7, gap ups, gap downs ki bauchar..... Deva re deva |
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apka
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Posts: 6137
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| Post: #142 Posted: Tue Jul 09, 2013 3:57 pm Post subject: |
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| nr7, gap ups, gap downs ki bauchar..... Deva re deva |
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #143 Posted: Tue Jul 09, 2013 4:07 pm Post subject: |
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| vinay28 wrote: | | I am hoping for a gap up tmrw also. |
Hi Vinay,
I have noticed that since the run-up in May, you have been pretty bullish on nifty. Your comments and observations also indicate that you are leaning on the bullish side...
Most people around are waiting for 5555/5300/4888 etc, you are in the other camp.
Any particular reasons for this...?
Please dont take it personally, just wanted to know your overall views so I and maybe other people on this forum can learn a bit...
Thanks much
Beo |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #144 Posted: Tue Jul 09, 2013 4:56 pm Post subject: |
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| beowulf wrote: | Hi Vinay,
I have noticed that since the run-up in May, you have been pretty bullish on nifty. Your comments and observations also indicate that you are leaning on the bullish side...
Most people around are waiting for 5555/5300/4888 etc, you are in the other camp.
Any particular reasons for this...?
Please dont take it personally, just wanted to know your overall views so I and maybe other people on this forum can learn a bit...
Thanks much
Beo |
yes indeed beo, I am very bullish but neither blindly nor for immediate term i.e. say for a week. I have two levels to warn me for changing my view. One is Mr Raja's weekly close below 5625 and other, in general, if previous low is breached convincingly. I am so bullish that, unless above levels are breached, I am expecting an all time high (and not just barely) by Dec. I feel it may not break 5600 now.
I had posted about a month ago that while global markets will fall 15-20% by Dec after peaking soon (e.g. dow, may be even as much as 16000), our market will go up. There are many reasons and I will try to post later if I find time. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #145 Posted: Tue Jul 09, 2013 5:08 pm Post subject: |
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| add me in that list too beowulf... my trgt has been 6900, which is one of vinay's too i think. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #146 Posted: Tue Jul 09, 2013 7:18 pm Post subject: |
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Nifty for Wednesday (10/07/13)
Supports are at about 5843, 5811 and 5782 while resistances are at about 5898, 5927 and 5988. The unfilled gaps on the higher/lower side are at about 5868/5682. Six +WWs can give about 5890, 5898, 5910, 5930, 5943 and 5985 (+WWs with higher targets are not mentioned as of now). A -WW can give about 5803 (-WWs with lower targets are not mentioned presently). A weekly bearish flag can give a much lower level unless it gets killed above about 6012. A daily bullish flag can give a much higher level unless it gets killed below about 5700.
Nifty closed above 5850 and also above 200 sma again, at the least confirming the volatile nature of the market. The trend still appears to be bearish. The daily candle is like an evening star though it is not at the top of an uptrend. Nevertheless, confirmation of its bearish tone will be if nifty closes -ve on Wednesday, particularly after a gap down open. A close below about 5760 can cause a big fall. While, if nifty closes above 50 sma (about 5921), it will give hopes to bulls. Tuesday was a NR7 day and one can expect a big move on Wednesday. Oil price and INR will remain key to the future of Indian markets in the short term. VIX and PCR are expected to remain high and can cause sharp swings. Only global cues and/or liquidity can take nifty further up.
Likely levels for Wednesday are 5828/5882/5922/5964. |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #147 Posted: Wed Jul 10, 2013 11:54 am Post subject: |
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5888 did not cross...
reached.... 5858..............
Where is it going....
Down or UP....
Satish
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #148 Posted: Wed Jul 10, 2013 1:07 pm Post subject: |
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| vix going up with nifty. looks like some hedging has started. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #149 Posted: Wed Jul 10, 2013 1:25 pm Post subject: |
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vinay,
nifty really struggling to go past 5887/5895.. can one initate shorts at this time?
btw this would be the third attempt if today too unable to go past 5895.. |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #150 Posted: Wed Jul 10, 2013 1:55 pm Post subject: |
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| riteshucha wrote: | vinay,
nifty really struggling to go past 5887/5895.. can one initate shorts at this time?
btw this would be the third attempt if today too unable to go past 5895.. |
Time to short @ 5888... is gone....
its broken. 5858.. now........
so looks week...BNf was supporting. still Nifty was not able to move up..
not a good sign for market.
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