| View previous topic :: View next topic |
| Author |
Nifty View - June Series 2014 |
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
Post: #181  Posted: Fri Jun 20, 2014 3:06 pm Post subject: |
 |
|
| dynamite_munda11 wrote: | | below 7535 it can trgt 7517/7510/7506/7499/7495/7492 |
below 7535 trgts 7517/7510 achieved |
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #182 Posted: Fri Jun 20, 2014 6:45 pm Post subject: |
|
|
| I think these two lines will decide BO/BD of nifty |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #183 Posted: Fri Jun 20, 2014 9:44 pm Post subject: |
|
|
| vinay28 wrote: | | gone long as contra in 7800ce of july |
Just saw.... I shall go long in this at 7497 June NF or above 7555 NS.... |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #184 Posted: Sat Jun 21, 2014 11:25 am Post subject: |
|
|
| amitagg wrote: | | vinay28 wrote: | | gone long as contra in 7800ce of july |
Just saw.... I shall go long in this at 7497 June NF or above 7555 NS.... |
as a rough estimation, SL is a bit below 70/66/56, 66 being most likely. will post if looks different on Monday.
ideally, NS should take out 7650 & 7668 in one move to give hope to bulls. IMHO, upmove should begin once budget dates are formally announced, which is expected anytime. so this could be a bear trap. we could still see a sudden drop to 7438 and a sharp reversal. otherwise, 7238 is likely. |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #185 Posted: Sat Jun 21, 2014 2:58 pm Post subject: |
|
|
| vinay28 wrote: | | amitagg wrote: | | vinay28 wrote: | | gone long as contra in 7800ce of july |
Just saw.... I shall go long in this at 7497 June NF or above 7555 NS.... |
as a rough estimation, SL is a bit below 70/66/56, 66 being most likely. will post if looks different on Monday.
ideally, NS should take out 7650 & 7668 in one move to give hope to bulls. IMHO, upmove should begin once budget dates are formally announced, which is expected anytime. so this could be a bear trap. we could still see a sudden drop to 7438 and a sharp reversal. otherwise, 7238 is likely. |
In one breath you have chartered both up and down possibilities which can be wriitten as under ( and hence obviously one or more shall come true):
- rise for bulls only 7650 only ( so rise till 7650 has no meaning)- meaning one can "buy" since market can go up to765
- since bulls have chance only above 7650 and short term trend down to unjust sit and watch and not "buy" till 7670is broken
- bear trap around 7480-7500 nifty spot ( bear trap possibility outlined by welgro as we'll)- so avoid short sell and again "buy" till 7650
- fall till 7435 and then upmove ( so buying should be avoided) - one can "sell" till 7435
- ruling out bear trap possibility and hence 7238 and hence a " sell" at these levels
Basis above whether to "buy" or " sell" or "combo of above" since since the levels are given both sides from current market price....???????? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #186 Posted: Sat Jun 21, 2014 4:53 pm Post subject: |
|
|
7550 and 7475 (which I didn't mention earlier) are given by TLs in the chart below. 7668 is TL from two shoulders, which few days ago was 7675. 7438 is I think a long term TL since Sept but I don't remember now.
However, I have given a caveat about 7438, which is "it should come quickly and reverse". This is because of my feeling based on SA that budget dates can be a trigger for 2nd phase of pre-budget rally. Which means that if budget dates are not announced soon and it falls slowly to 7438, I feel it may not sustain above that and slide further.
Also, if one sells hoping for a target of 7438 and it dips below 7475 then SL should be 7480 but this could give whipsaws.
For professional traders, strictly speaking, it's a no trade zone. I am an amateur but also adventurous.  |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #187 Posted: Sat Jun 21, 2014 6:24 pm Post subject: |
|
|
I got you to reveal more.... Very interesting .....
All n all pointing to possibility of rally ( unexpected) as usual just when shorts starts getting interested ........ Since 7390/ 7435 are strong support areas where positional or big players may go long for 'one wave up'.....can be before that... Not sure... Not keen to participate and shall follow suggestion of no trade zone and buy otm calls.....
Budget if I am not wrong was being considered to be presented on 7th ? Tax sutra flash few days back |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #188 Posted: Sat Jun 21, 2014 8:09 pm Post subject: |
|
|
| amitagg wrote: | I got you to reveal more.... Very interesting .....
All n all pointing to possibility of rally ( unexpected) as usual just when shorts starts getting interested ........ Since 7390/ 7435 are strong support areas where positional or big players may go long for 'one wave up'.....can be before that... Not sure... Not keen to participate and shall follow suggestion of no trade zone and buy otm calls.....
Budget if I am not wrong was being considered to be presented on 7th ? Tax sutra flash few days back |
oh, for that matter budgets are on 9th and 11th as per my info but I feel "they" are waiting for a formal announcement. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #189 Posted: Sat Jun 21, 2014 9:27 pm Post subject: |
|
|
| Quote: | FinMin says no fresh funds for state-run banks in Budget
In the interim budget presented on February 17, the previous government had proposed to earmark Rs 11,200 crore (Rs 112 billion) towards equity infusion in public sector banks |
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #190 Posted: Sun Jun 22, 2014 8:47 pm Post subject: |
|
|
HIGH/LOW of NF and some stocks during yesterday's dummy trading are given below
NF - 7654/7100.
MCX - 735/600
TISCO - 571.50/480
INFY - 3643/3300
RIL - 1140/945
SBIN - 2700/2400
AXIS BANK - 2025.95/1680 |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #191 Posted: Sun Jun 22, 2014 11:08 pm Post subject: |
|
|
| apka wrote: | | In the interim budget presented on February 17, the previous government had proposed to earmark Rs 11,200 crore (Rs 112 billion) towards equity infusion in public sector banks |
Apka: So triple dhamaka for PSU banks
1 Chiddu robs liquidity by forcing them to declare large interim dividends to help Pseculiars fight the election
2 Rs 11,200 cr promised also "maya"
3 CMP likely to adjust downwards given negative sentiment
SBI now likely to accelerate merger of associates with favorable merger ratio to improve its own standing as per Basel norms
All other PSU banks will simply have to work harder and smarter and actually generate sustainable profits! Tsk, tsk, tsk! Prakash Holla |
|
| Back to top |
|
|
dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
|
| Post: #192 Posted: Mon Jun 23, 2014 10:49 am Post subject: intraday nifty fut 23/06/2014 |
|
|
intraday nifty fut 23/06/2014
LONG nf above 7501.5 with trgts 7511/7529 and more upside above 7529 and can trgt 7548/55/59/66/69/ |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #193 Posted: Mon Jun 23, 2014 10:51 am Post subject: |
|
|
| I would love to see 7577NF today. |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #194 Posted: Mon Jun 23, 2014 11:55 am Post subject: |
|
|
| date is out... union budget on 10 th july # firstpost.com |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #195 Posted: Mon Jun 23, 2014 12:43 pm Post subject: |
|
|
5th june gap filled...
a small reversal possible to today's open...
still lower tgts today could be 7467 - 7454... |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
