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Nifty View - July 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #316  Posted: Thu Jul 18, 2013 4:26 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | masa wrote: | Thanks vinay..
apka..ur opinion pl. |
one more thing, masa. banknifty is critically poised. nifty can not go up without its support. AND, any rally in it will be BIG. |
I understand banknifty has risen >300 points from today's low?  |
yes indeed, i feel its good that bank nifty is correcting. while nifty corrected only 100 points, it saved the important mark line of 5905-5910. And bank nifty corrected 1000 points instead.
For nifty to march ahead, bank nifty needs to be fresh for buying and oversold.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #317 Posted: Thu Jul 18, 2013 4:27 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | all round buying and bank nifty going up, and aug 6100ce reduced OI. so short covering mainly. |
apka, where the hell have you been? |
dont ask, all over |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #318 Posted: Thu Jul 18, 2013 4:29 pm Post subject: |
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| apka wrote: | | dont ask, all over |
who?  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #319 Posted: Thu Jul 18, 2013 4:40 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | dont ask, all over |
who? |
bahaha i am not telling  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #320 Posted: Thu Jul 18, 2013 8:33 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka, where the hell is SP50 a.k.a. taxmann? |
yeh, where is he. not been posting. |
Meeting hi meeting, poor chap has no time to even breathe (he sent me short msg) prakash holla |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #321 Posted: Thu Jul 18, 2013 8:39 pm Post subject: Re: hi |
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| vinay28 wrote: | | By the way, I feel it may open gap up today and react, followed by a gap down tmrw, gap up on monday, down on tuesday and sharply up on wednesday and thursday thereby breaching 6040 on the up (unless it happens today itself) |
Vinay: You are great, just GREAT! I saw your posts about how BNF needs to jump up if NF has to zoom + analysis of option OI movements, and made a pile of money in THREE rounds of Axisbank and 1 round of Yesbank. The first round tomorrow evening def'ly : 3 cheers to apro Vinay Sir! Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #322 Posted: Thu Jul 18, 2013 8:48 pm Post subject: Re: hi |
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| pkholla wrote: | | vinay28 wrote: | | By the way, I feel it may open gap up today and react, followed by a gap down tmrw, gap up on monday, down on tuesday and sharply up on wednesday and thursday thereby breaching 6040 on the up (unless it happens today itself) |
Vinay: You are great, just GREAT! I saw your posts about how BNF needs to jump up if NF has to zoom + analysis of option OI movements, and made a pile of money in THREE rounds of Axisbank and 1 round of Yesbank. The first round tomorrow evening def'ly : 3 cheers to apro Vinay Sir! Prakash Holla |
tmrw is the dicey day. I see two possibilities, namely, (a) about 6067 tmrw (max 6110) then about 6000 and then a slow up and down grind over next week to kill premium before going to at least 6150 in August or (b) about 6110 tmrw, then 6000 and then 6146/6217 on/before expiry. And then possibly an all time high soon, a remote possibility as of now. Tmrw's range and close is crucial as weekly candle is in a danger of becoming a hanging man though monthly is still safe.
And of course if 5910 is breached, may be 5500 if 5760 doesn't last. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #323 Posted: Fri Jul 19, 2013 9:59 am Post subject: |
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| Considering today's high, NS must close (well) above 6043 to avoid a hanging man in weekly chart. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #324 Posted: Fri Jul 19, 2013 10:20 am Post subject: Re: hi |
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| vinay28 wrote: | tmrw is the dicey day. I see two possibilities, namely, (a) about 6067 tmrw (max 6110) then about 6000 and then a slow up and down grind over next week to kill premium before going to at least 6150 in August or (b) about 6110 tmrw, then 6000 and then 6146/6217 on/before expiry. And then possibly an all time high soon, a remote possibility as of now. Tmrw's range and close is crucial as weekly candle is in a danger of becoming a hanging man though monthly is still safe.
And of course if 5910 is breached, may be 5500 if 5760 doesn't last. |
today's high 6066.85 as of now. |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #325 Posted: Fri Jul 19, 2013 10:51 am Post subject: |
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DETROIT — Detroit, the cradle of America’s automobile industry and once the nation’s fourth-most-populous city, filed for bankruptcy on Thursday, the largest American city ever to take such a course.
what kind of impact it have on american market and our market, specially automobile sector everywhere.
vinay/apka/pkholla and everyone who visits this topic please give your opinions.
Thanks in advance.
Biznet
http://online.wsj.com/article/SB10001424127887323993804578614144173709204.html |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #326 Posted: Fri Jul 19, 2013 11:10 am Post subject: |
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| biznet wrote: | DETROIT — Detroit, the cradle of America’s automobile industry and once the nation’s fourth-most-populous city, filed for bankruptcy on Thursday, the largest American city ever to take such a course.
what kind of impact it have on american market and our market, specially automobile sector everywhere.
vinay/apka/pkholla and everyone who visits this topic please give your opinions.
Thanks in advance.
Biznet
http://online.wsj.com/article/SB10001424127887323993804578614144173709204.html |
detroit is not the first city/state to declare bankruptcy. the bad result of this for US is that they will cut govt employees to cut cost, which in turn will affect their investment plans. Not much effect on us apart from being +ve. As far automobile sector is concerned, only Japanese will beneft. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #327 Posted: Fri Jul 19, 2013 11:24 am Post subject: |
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Biznet: When your expenditure consistently exceeds your income then you have to file for bankruptcy. For years, the Democrats in charge of the city (Detroit/ in California) generously gave subsidies, increments etc without being bothered by from where the money was coming. Especially in California there are khatarnak unions (eg Caltraps) where they only bother about getting city/state employee salary rise and not about financial health of city/ state. Plus years of auto unions demanding lots of concessions/ increments and foolish managements granting to avoid strike have played havoc with Detroit (single type of industry, no attempt to diversify away from cars). Bankruptcy was expected for quite few years but apparently the Americans start moving only after such disaster happens!!!
But this is a local issue in the US and shouldnt bother us! (Obama may print a few more notes and handover to Detroit and California cities).
As Vinay says, Japan and Korea car companies will benefit
Jai Hind, Prakash Holla
PS At the rate the Congress is giving subsidies left and right, India will have to soon file for bankruptcy and ONLY AFTER THAT, Manmohan's successor will repeat the tricks of 1991 to save the nation! |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #328 Posted: Fri Jul 19, 2013 11:36 am Post subject: |
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Vinay/Pkholla,
Thanks for your opinions. There always something from you which improves our knowledge.
Biznet |
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pcman262
White Belt
Joined: 15 May 2013
Posts: 16
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| Post: #329 Posted: Fri Jul 19, 2013 12:31 pm Post subject: |
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Dear all ... just for info ... this is reality but true Indians should not get scared of this 
Indian government has to repay international debt worth 170 billion dollars only !!! by march 2014 . The whole world knows about it except Indian People that is the reason FII's are running away from us .... of course this is not the only reason. We have started deficit budget financing immediately after we got independence and progressed from 1$ = 1Rupee to 1$ = 60Rupee in just 66 years. Considering all the economic considerations true value of 1$ is 70 Rupees as of today. So its a long long way to go.
Total debt on us about 390 billion dollars from 37 countries .
Tricks of 1991 wll not work in 2013 . scene is more pathetic than we can think of.
What is important is we need more FDI ... there is no other choice and aggressive reforms to build huge infrastructure in our country. We will progress in the years to come but local people may suffer a lot . That's the price we have to pay for having huge population.
Jai Hind . Mera Bharat Mahan .
Disclaimer : this info is taken from public domain but not personally verified by me. The Sensex and Nifty can still make new highs or lows.
All the best. Trade as per your conviction.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #330 Posted: Fri Jul 19, 2013 3:00 pm Post subject: |
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| Today will be most likely a NR7 day, evening doji star on daily chart and a hanging man on weekly chart. Not good for bulls. |
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