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Nifty View - July 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #151  Posted: Wed Jul 10, 2013 1:58 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.. |
looks like you have already got a reply from an expert.  |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #152 Posted: Wed Jul 10, 2013 2:09 pm Post subject: |
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| vinay28 wrote: | | 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.. |
looks like you have already got a reply from an expert. |
Not an Expert.....
but some understanding of market....
Ritesucha..... still u can sell with 5865.. as SL..
Thanks
Satish  |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #153 Posted: Wed Jul 10, 2013 2:10 pm Post subject: |
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| premium now reduced to 4... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #154 Posted: Wed Jul 10, 2013 2:16 pm Post subject: |
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| Quote: | The CDR cell has seen over 50 percent jump in loans referred in the first quarter. The latest one being Educomp, which was referred to the CDR cell this month, reports CNBC-TV18’s Gopika Gopakumar.
Around Rs 47,359 crore of loans were referred to the corporate debt restructuring (CDR) in just one month. Now that is over half of what was referred in the last year, for instance last year saw referrals worth Rs 91,647 crore. So, clearly this quarter has seen a significant jump, which is a 50 percent jump from Q4, which saw referrals worth around Rs 30,203 crore. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #155 Posted: Wed Jul 10, 2013 2:21 pm Post subject: |
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| one can also buy with SL 5820hich is very close. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #156 Posted: Wed Jul 10, 2013 2:25 pm Post subject: |
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| some heavy institutional selling seems to be going on in reliance, sbin, lt |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #157 Posted: Wed Jul 10, 2013 2:26 pm Post subject: |
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looks like this is coming..."A -WW can give about 5803"
jai ho baba vinay ki.. NS low 5802.85...
| vinay28 wrote: | 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. |
Last edited by riteshucha on Wed Jul 10, 2013 2:31 pm; edited 1 time in total |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #158 Posted: Wed Jul 10, 2013 2:28 pm Post subject: |
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| reliance 870 -> 840 ... free fall wow |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #159 Posted: Wed Jul 10, 2013 2:30 pm Post subject: |
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| riteshucha wrote: | | looks like this is coming..."A -WW can give about 5803" |
ril and market were jinxed by finance ministry's condition on gas pricing. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #160 Posted: Wed Jul 10, 2013 2:33 pm Post subject: |
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Nifty 1 mnt +WW.
.Sorry I have wrongly posted in this thread.
Last edited by chandrujimrc on Wed Jul 10, 2013 6:42 pm; edited 1 time in total |
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satishboda
White Belt
Joined: 15 Dec 2010
Posts: 54
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| Post: #161 Posted: Wed Jul 10, 2013 2:34 pm Post subject: |
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| since nifty fell due to stock specific news, does this change the trend for nifty..? can we expect further downside from tomorrow..? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #162 Posted: Wed Jul 10, 2013 2:39 pm Post subject: |
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| satishboda wrote: | | since nifty fell due to stock specific news, does this change the trend for nifty..? can we expect further downside from tomorrow..? |
if its only stock specific, other stocks are there to manage nifty. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #163 Posted: Wed Jul 10, 2013 2:50 pm Post subject: |
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| 5800ce isnt adding OI, we may go back to 5840 spot. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #164 Posted: Wed Jul 10, 2013 3:24 pm Post subject: |
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| flag pattern in nifty. tomorrow/friday should be breakout / breakdown. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #165 Posted: Wed Jul 10, 2013 4:41 pm Post subject: |
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| apka, did INR gain AFTER equity market closed? |
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