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Nifty View - June 2013 |
apka
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Post: #391  Posted: Tue Jun 11, 2013 1:04 pm Post subject: |
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Last edited by apka on Tue Jun 11, 2013 3:06 pm; edited 1 time in total |
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vinay28
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| Post: #392 Posted: Tue Jun 11, 2013 1:18 pm Post subject: |
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| apka wrote: | | where did u see foreign banks sold? |
I didn't see but I heard. Also, govt sources said rbi didn't sell.
Last edited by vinay28 on Tue Jun 11, 2013 3:30 pm; edited 1 time in total |
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vinay28
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| Post: #393 Posted: Tue Jun 11, 2013 1:22 pm Post subject: |
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| vix new high 19.59 but first time nifty not a new low. |
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apka
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| Post: #394 Posted: Tue Jun 11, 2013 1:40 pm Post subject: |
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Last edited by apka on Tue Jun 11, 2013 3:04 pm; edited 1 time in total |
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vinay28
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| Post: #395 Posted: Tue Jun 11, 2013 1:48 pm Post subject: |
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| apka wrote: | | where did u see foreign banks sold? |
I didn't see but I heard. Also, govt sources said rbi didn't sell.
Last edited by vinay28 on Tue Jun 11, 2013 3:32 pm; edited 1 time in total |
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vinay28
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| Post: #396 Posted: Tue Jun 11, 2013 2:01 pm Post subject: |
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| vinay28 wrote: | | vix new high 19.59 but first time nifty not a new low. |
it should now hopefully break 19.10 and 18.62 |
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apka
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| Post: #397 Posted: Tue Jun 11, 2013 2:01 pm Post subject: |
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Last edited by apka on Tue Jun 11, 2013 3:03 pm; edited 1 time in total |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #398 Posted: Tue Jun 11, 2013 2:08 pm Post subject: |
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NEW DELHI | Tue Jun 11, 2013 1:40pm IST
(Reuters) - The government will not take steps to stem the rupee's slide and it expects the currency to stabilize within days, Economic Affairs Secretary Arvind Mayaram said on Tuesday, after the rupee fell to a record low for a second straight day.
The government was not happy with the fall but not unduly disturbed by it, Mayaram told reporters.
The absence of central bank intervention prompted importers on Tuesday to rush to cover future dollar needs, while exporters refrained from selling dollars in expectation that the rupee could fall further.
(Reporting by Manoj Kumar)
BIZNET
Last edited by biznet on Tue Jun 11, 2013 3:14 pm; edited 1 time in total |
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vinay28
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| Post: #399 Posted: Tue Jun 11, 2013 2:11 pm Post subject: |
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see the funny thing. now tv said that rbi intervened at 58.95. whom to believe?  |
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vinay28
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| Post: #400 Posted: Tue Jun 11, 2013 2:17 pm Post subject: Re: Nifty View- June 2013 |
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| vinay28 wrote: | | SP50 - check RIL. It crossed below 1-3 line of +ww on eod and has reversed as of now. If it closes above it (778) today and if we also see a green candle today/tmrw with good volume then may be it will go up and support nifty. |
RIL had become plus (above yesterday's close) for a moment. |
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biznet
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Joined: 04 Feb 2013
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| Post: #401 Posted: Tue Jun 11, 2013 2:20 pm Post subject: |
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| vinay28 wrote: | | see the funny thing. now tv said that rbi intervened at 58.95. whom to believe? |
Rupee may be the new topic for media's useless discussion where so called experts and I know everything type anchor discuss about everything which comes under the sky and above it. |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #402 Posted: Tue Jun 11, 2013 2:30 pm Post subject: Re: Nifty View- June 2013 |
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| vinay28 wrote: | | vinay28 wrote: | | SP50 - check RIL. It crossed below 1-3 line of +ww on eod and has reversed as of now. If it closes above it (778) today and if we also see a green candle today/tmrw with good volume then may be it will go up and support nifty. |
RIL had become plus (above yesterday's close) for a moment. |
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rk_a2003
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| Post: #403 Posted: Tue Jun 11, 2013 2:36 pm Post subject: |
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At any juncture (given point of time) Govt's need to intervene to control the decline of their currency the intervening point will be highly confidential but once intervention occurs, it's an open secret. Now the million dollar question is whether it occured or not?
What the chart is telling us .I see nothing that significant. |
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biznet
White Belt
Joined: 04 Feb 2013
Posts: 46
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| Post: #404 Posted: Tue Jun 11, 2013 2:46 pm Post subject: |
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NEW DELHI | Tue Jun 11, 2013 1:40pm IST
(Reuters) - The government will not take steps to stem the rupee's slide and it expects the currency to stabilize within days, Economic Affairs Secretary Arvind Mayaram said on Tuesday, after the rupee fell to a record low for a second straight day.
The government was not happy with the fall but not unduly disturbed by it, Mayaram told reporters.
The absence of central bank intervention prompted importers on Tuesday to rush to cover future dollar needs, while exporters refrained from selling dollars in expectation that the rupee could fall further.
(Reporting by Manoj Kumar)
BIZNET[/quote]
MUMBAI | Tue Jun 11, 2013 2:15pm IST
(Reuters) - The rupee recovered sharply from record lows on Tuesday afternoon, as three dealers cited dollar sales by state-run banks on behalf of the central bank.
However, they said the size of intervention from the Reserve Bank of India did not seem too large, with the steep recovery in the rupee being exaggerated by illiquid conditions in currency markets.
The partially convertible rupee was trading at 58.47/48 per dollar at 2:04 p.m., off a record low of 58.98 hit earlier in the day, but still weaker than its close of 58.15/16 on Monday.
Traders said the rupee was also supported by speculation that May wholesale inflation due this week may show continued easing and media reports the government was considering a special bond sale for non-resident Indians.
(Reporting by Swati Bhat; Editing by Rafael Nam)
same news agency (Reuters), two totally opposite news from two different locations.
What to believe and what to not.
useless journalism
BIZNET
Last edited by biznet on Tue Jun 11, 2013 3:11 pm; edited 1 time in total |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #405 Posted: Tue Jun 11, 2013 2:50 pm Post subject: |
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| Vinay where are you expecting the close today on NS? what will be a good close? |
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