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Nifty View - July 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #271 Posted: Tue Jul 16, 2013 9:49 am Post subject: |
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vinst wrote: | NSE shows opening 5min H, L levels of 6032 and 5844 for NF.
Can someone with access to icharts post icharts opening 5min H, L levels for NF please ?
thanks |
vinst, NS levels are preferable today e.g. O - 5928.30, H - 5946.05, L - 5910.95. Target 5973NS, SL 5910
even odin chart levels are 6032 and 5917.95. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #272 Posted: Tue Jul 16, 2013 9:56 am Post subject: |
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apparently subbu was stuck in his heavy shorts and wanted to get out. |
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vinst Black Belt
Joined: 09 Jan 2007 Posts: 3303
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Post: #273 Posted: Tue Jul 16, 2013 10:06 am Post subject: |
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vinay28 wrote: | vinst wrote: | NSE shows opening 5min H, L levels of 6032 and 5844 for NF.
Can someone with access to icharts post icharts opening 5min H, L levels for NF please ?
thanks |
vinst, NS levels are preferable today e.g. O - 5928.30, H - 5946.05, L - 5910.95. Target 5973NS, SL 5910
even odin chart levels are 6032 and 5917.95. |
thanks ! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #274 Posted: Tue Jul 16, 2013 10:06 am Post subject: |
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i'm trying to wrap my head around the rbi action, but can't understand why have they increased those borrowing rates and created liquidity crunch for the banks when WPI is under 5% now, and when it was above they gave crr and repo rate cuts? this is an opposite move against which banks may hike their base rates charged to customers. makes the crr cut and repo rate cut pointless sort of. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #275 Posted: Tue Jul 16, 2013 10:18 am Post subject: |
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apka wrote: | i'm trying to wrap my head around the rbi action, but can't understand why have they increased those borrowing rates and created liquidity crunch for the banks when WPI is under 5% now, and when it was above they gave crr and repo rate cuts? this is an opposite move against which banks may hike their base rates charged to customers. makes the crr cut and repo rate cut pointless sort of. |
then you didn't get full stuff. the move is to snuff out currency speculators. It's a short term move that will hurt growth for some time but at the same time, borrowing abroad has become cheaper. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #276 Posted: Tue Jul 16, 2013 10:23 am Post subject: |
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vinay28 wrote: | apka wrote: | i'm trying to wrap my head around the rbi action, but can't understand why have they increased those borrowing rates and created liquidity crunch for the banks when WPI is under 5% now, and when it was above they gave crr and repo rate cuts? this is an opposite move against which banks may hike their base rates charged to customers. makes the crr cut and repo rate cut pointless sort of. |
then you didn't get full stuff. the move is to snuff out currency speculators. It's a short term move that will hurt growth for some time but at the same time, borrowing abroad has become cheaper. |
i see.
majority depreciation comes when SBI, Union bank buy dollars, they buy at any rate because they have to fulfill customer demand for oil payments. I don't suppose PSU banks engage in speculation, when they need dollars for payments they cant wait... so how it would even help much i cant see. |
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riteshucha Green Belt
Joined: 19 May 2012 Posts: 1292
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Post: #277 Posted: Tue Jul 16, 2013 3:31 pm Post subject: |
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a 17 pts premium suddenly.. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #278 Posted: Tue Jul 16, 2013 8:48 pm Post subject: |
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FDI Caps In 13 Sectors Cleared |
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welgro Brown Belt
Joined: 24 Sep 2012 Posts: 1784
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Post: #279 Posted: Wed Jul 17, 2013 7:06 am Post subject: NIFTY FUTURE ANALYSIS 17/JUL/2013 |
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Spikes low ~ Decode Trading
Nifty future yesterday makes only spikes low at 5844.40
so we not close our long positions..still holding nifty future longs...
Today if trade below our trading support then only close your all
nifty future long positions otherwise hold....target is same 6248 -6275
Nifty future strong resistance at our trading resistance level,once
trade and hold above this level means shorts covering rally expects.... |
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lucky143 White Belt
Joined: 15 Aug 2011 Posts: 48
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Post: #280 Posted: Wed Jul 17, 2013 7:31 am Post subject: |
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thanks for update |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #281 Posted: Wed Jul 17, 2013 10:58 am Post subject: |
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hoping for vix to break 18.78 and 18.60 |
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manojkr78 Green Belt
Joined: 07 Mar 2011 Posts: 1014
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Post: #282 Posted: Wed Jul 17, 2013 11:26 am Post subject: |
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Vinay,
Today's nifty view please..... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #283 Posted: Wed Jul 17, 2013 11:31 am Post subject: |
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manojkr78 wrote: | Vinay,
Today's nifty view please..... |
to be brief, it may go down further if it touches 5967NF and may go up further if it touches 6001NF. |
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welgro Brown Belt
Joined: 24 Sep 2012 Posts: 1784
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Post: #284 Posted: Wed Jul 17, 2013 12:35 pm Post subject: Re: banknifty futures view |
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welgro wrote: | banknifty futures view
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welgro Brown Belt
Joined: 24 Sep 2012 Posts: 1784
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Post: #285 Posted: Wed Jul 17, 2013 2:12 pm Post subject: |
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NIFTY FUTURE IF TRADE BELOW 5932 THEN CLOSE YOUR ALL NIFTY LONG POSITIONS .... |
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