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Nifty View - June 2013 |
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #331 Posted: Mon Jun 10, 2013 1:38 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | manojkr78 wrote: | Vinay, Can we go long here on nifty....your view plz |
I am already long. Immediate SL is 5tf close below Friday's low, otherwise daily close below 5880/70/60/50 as per your wish. |
Friday's low was 5983.10 and today's 5983.30. Hopefully it has reversed for some rally. |
Vinay how about the private banks? murjhaya phool hogaya hai
They need to fire up soon |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #332 Posted: Mon Jun 10, 2013 1:42 pm Post subject: |
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SP50 wrote: | vinay28 wrote: | vinay28 wrote: | manojkr78 wrote: | Vinay, Can we go long here on nifty....your view plz |
I am already long. Immediate SL is 5tf close below Friday's low, otherwise daily close below 5880/70/60/50 as per your wish. |
Friday's low was 5983.10 and today's 5983.30. Hopefully it has reversed for some rally. |
Vinay how about the private banks? murjhaya phool hogaya hai
They need to fire up soon |
Well Reliance and Infy powered up now |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #333 Posted: Mon Jun 10, 2013 2:07 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | 18.60 high. Now hopefully it should come below 18.10 |
vix went down to 18.27 and is now rising. May be one more high or a double top at 18.60. Let's wait till 12.45. |
at last it broke 18.10. Now awaiting 17.84/17.27. |
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #334 Posted: Mon Jun 10, 2013 2:38 pm Post subject: |
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Till they getting their expected quantity,will make more volatile only. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #335 Posted: Mon Jun 10, 2013 2:39 pm Post subject: |
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chandrujimrc wrote: | Till they getting their expected quantity,will make more volatile only. |
Its just a matter of time Chandru, these sellers will only become buyers |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #336 Posted: Mon Jun 10, 2013 2:50 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | manojkr78 wrote: | Vinay, Can we go long here on nifty....your view plz |
I am already long. Immediate SL is 5tf close below Friday's low, otherwise daily close below 5880/70/60/50 as per your wish. |
Friday's low was 5983.10 and today's 5983.30. Hopefully it has reversed for some rally. |
Immediate SL stated above hit. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #337 Posted: Mon Jun 10, 2013 2:53 pm Post subject: |
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happy to see sense prevailing in technicals |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #338 Posted: Mon Jun 10, 2013 2:57 pm Post subject: |
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$ 58.17 INR (High) |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #339 Posted: Mon Jun 10, 2013 3:00 pm Post subject: |
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rk_a2003 wrote: | $ 58.17 INR (High) |
ah man, i dont want 58.50 in 1 day |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #340 Posted: Mon Jun 10, 2013 3:03 pm Post subject: |
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rk_a2003 wrote: | $ 58.17 INR (High) |
and yet nifty didn't crash. Shorts are being absorbed. |
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rk_a2003 Black Belt
Joined: 21 Jan 2010 Posts: 2734
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Post: #341 Posted: Mon Jun 10, 2013 3:07 pm Post subject: |
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vinay28 wrote: | rk_a2003 wrote: | $ 58.17 INR (High) |
and yet nifty didn't crash. Shorts are being absorbed. |
Optimistic |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #342 Posted: Mon Jun 10, 2013 3:10 pm Post subject: |
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rk_a2003 wrote: | vinay28 wrote: | rk_a2003 wrote: | $ 58.17 INR (High) |
and yet nifty didn't crash. Shorts are being absorbed. |
Optimistic |
yes RK. Just see huge vol in NF in 5tf candles starting 2.45 and then starting 3 pm. Only thing is if INR closes >58, we need to see how nifty opens tmrw. |
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #343 Posted: Mon Jun 10, 2013 3:21 pm Post subject: |
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I think high command wanted to offload their dollers in hand. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #344 Posted: Mon Jun 10, 2013 3:21 pm Post subject: |
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vinay28 wrote: | rk_a2003 wrote: | vinay28 wrote: | rk_a2003 wrote: | $ 58.17 INR (High) |
and yet nifty didn't crash. Shorts are being absorbed. |
Optimistic |
yes RK. Just see huge vol in NF in 5tf candles starting 2.45 and then starting 3 pm. Only thing is if INR closes >58, we need to see how nifty opens tmrw. |
vinay but how will the volumes matter when EOD they are not converting into OI.. trading volumes are there but till now OI has only been shedding. And even right now OI looks like added 2 lakhs only intraday. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #345 Posted: Mon Jun 10, 2013 3:26 pm Post subject: |
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apka wrote: | vinay28 wrote: | rk_a2003 wrote: | vinay28 wrote: | rk_a2003 wrote: | $ 58.17 INR (High) |
and yet nifty didn't crash. Shorts are being absorbed. |
Optimistic |
yes RK. Just see huge vol in NF in 5tf candles starting 2.45 and then starting 3 pm. Only thing is if INR closes >58, we need to see how nifty opens tmrw. |
vinay but how will the volumes matter when EOD they are not converting into OI.. trading volumes are there but till now OI has only been shedding. And even right now OI looks like added 2 lakhs only intraday. |
and there lies the drawback of interpreting OI on EOD basis because it doesn't tell what I wrote above. Did you study those candles? NF fell by 21 points in the first candle and vol was 4.5 lacs, far higher than similar previous red candles. That clearly showed accumulation. And see what happened after that. Sellers saw their shorts being absorbed and quickly covered. As I said, important to see what happens tmrw if INR closes > 58 today
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Last edited by vinay28 on Mon Jun 10, 2013 3:28 pm; edited 1 time in total |
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