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Nifty View - June 2013 |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #136 Posted: Thu Jun 06, 2013 9:48 am Post subject: |
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INR from 54.80 breakout to 57 almost now. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #137 Posted: Thu Jun 06, 2013 9:52 am Post subject: |
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apka wrote: | INR from 54.80 breakout to 57 almost now. |
I feel 57.30 is limit |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #138 Posted: Thu Jun 06, 2013 9:56 am Post subject: |
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vix high 17.40, not broken yesterday's high. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #139 Posted: Thu Jun 06, 2013 10:00 am Post subject: |
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vinay28 wrote: | apka wrote: | INR from 54.80 breakout to 57 almost now. |
I feel 57.30 is limit |
hmm, i'm expecting 58.50 |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #140 Posted: Thu Jun 06, 2013 10:12 am Post subject: |
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VIX remains the hope for bulls as of now. INR/$ very demoralising situation but like always it is a boon because FII will pour in their dollars at these high levels.
For the first time in last 6 months yesterday US index showed some sign of weakness because its tired and stretched.
I will look out for that 5850 levels for now. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #141 Posted: Thu Jun 06, 2013 10:15 am Post subject: |
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SP50 wrote: | VIX remains the hope for bulls as of now. INR/$ very demoralising situation but like always it is a boon because FII will pour in their dollars at these high levels.
For the first time in last 6 months yesterday US index showed some sign of weakness because its tired and stretched.
I will look out for that 5850 levels for now. |
INR is depreciating despite dollar going back from 84.xx to 82.xx .. so its more than co-relative movement. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #142 Posted: Thu Jun 06, 2013 10:18 am Post subject: |
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apka wrote: | INR is depreciating despite dollar going back from 84.xx to 82.xx .. so its more than co-relative movement. |
apka, that's why I had posted long back that one should check euro-INR chart because that will tell us whether $ is strong or INR is weak.
SP50 - US markets will fall 10-15% by dec and ours will be up by same or more %. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #143 Posted: Thu Jun 06, 2013 10:21 am Post subject: |
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apka wrote: | SP50 wrote: | VIX remains the hope for bulls as of now. INR/$ very demoralising situation but like always it is a boon because FII will pour in their dollars at these high levels.
For the first time in last 6 months yesterday US index showed some sign of weakness because its tired and stretched.
I will look out for that 5850 levels for now. |
INR is depreciating despite dollar going back from 84.xx to 82.xx .. so its more than co-relative movement. |
Need to understand that in depth,
Our currency will depreciate even when the green back will be reduced to toilet paper. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #144 Posted: Thu Jun 06, 2013 10:26 am Post subject: |
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right vinay, i had forgotten |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #145 Posted: Thu Jun 06, 2013 10:53 am Post subject: |
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One more thing. Euro and yen have recovered already and INR is recovering as some foreign banks have sold $ today in our market today.
TODAY IS 13TH DAY SINCE HIGH MADE AT 6229 AND 5TH DAY SINCE HIGH MADE AT 6134. 13 AND 5 ARE FIBONACCI NUMBERS. MOREOVER, TODAY'S CANDLE MAY BE MORNING STAR -- A FIRST SIGN OF REVERSAL -- IN SHORT WATCH TODAY'S CLOSING.
ALSO, IF it CLOSES NEAR HIGH OR ABOVE 5925 THEN BE PREPAREd FOR A RALLY OF 100 TO 150 POINTS |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #146 Posted: Thu Jun 06, 2013 11:01 am Post subject: |
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vinay28 wrote: | vix high 17.40, not broken yesterday's high. |
vix in a mood to go up and nifty too? If so, because of low pcr I guess. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #147 Posted: Thu Jun 06, 2013 11:14 am Post subject: |
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Metals counters can be short sold today, looks immensely weak and in case 5850 comes again it will be a tragedy for them.
I am short in JSPL. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #148 Posted: Thu Jun 06, 2013 11:20 am Post subject: |
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SP50 wrote: | Metals counters can be short sold today, looks immensely weak and in case 5850 comes again it will be a tragedy for them.
I am short in JSPL. |
i hope it comes to 265 i want to long it there |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #149 Posted: Thu Jun 06, 2013 11:23 am Post subject: |
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vinay28 wrote: | vinay28 wrote: | vix high 17.40, not broken yesterday's high. |
vix in a mood to go up and nifty too? If so, because of low pcr I guess. |
Aleady made a triple top. Next move eagerly awaited. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #150 Posted: Thu Jun 06, 2013 11:27 am Post subject: |
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Maruti had a good run from 1550 to 1600. |
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