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Nifty View - June Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #226  Posted: Thu Jun 26, 2014 3:41 pm Post subject: |
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| likely BD/BO levels |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #227 Posted: Thu Jun 26, 2014 3:43 pm Post subject: |
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| for previous month low, value to be taken value of 7224 on 29/5 or screen low of 7118 on 30/5......??? request pls reply |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #228 Posted: Thu Jun 26, 2014 4:32 pm Post subject: |
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| amitagg wrote: | | for previous month low, value to be taken value of 7224 on 29/5 or screen low of 7118 on 30/5......??? request pls reply |
If that is in response to my chart then, for the lower TL, I have ignored the freak trade as it didn't happen in NF. So, may be, just may be, low was made today or worst case 7465/40 as a open value of quick trade. However, market looking very dicey to me from my sentimental view as given below.
1. 58% (figure heard somewhere) believe that we will see a pre-budget rally. If nifty goes up tmrw (note that 7600-7610 will still not be bullish and would be only if it sustains above 7660), this % will go up. This itself gives me a fear that opposite may happen.
2. Almost all of the balance feel that there would be a post budget rally.
3. A few, however, think that budget would be austere, taking clue from hike in rail fares/tariff and possible delay in hike in LPG and Kerosene. And this is likely as we may even see hike in taxes to control deficits, which is a top priority. Add to that possible monsoon woes and resultant rise in inflation.
As a reminder, pl refer to my post-election views posted in end March under "Market Mastermind".
since we can't trade comfortably with such wildly opposite possibilities, I feel 7660/7400 should be kept in mind but with at least 15tf and preferably 60tf close and trade accordingly. If 7400 is broken, 7360/7320/7210 are possible. If budget is rank bad, there is a -ww which can give 6630 also.
In general, I am now confused in immediate term and hence have hedged 7800ce with 7300pe in 10:4 ratio in cost. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #229 Posted: Fri Jun 27, 2014 9:54 am Post subject: |
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SL for shorts at 7563.44 would be 7595.10....
| riteshucha wrote: | all but NIFTY JULY tgt achieved.... 
if not today then wait till tomm... 
| riteshucha wrote: | keep these levels in mind....
NIFTY july contract
Buy At 7649.21. Target = 7702.76
Sell At 7563.44. Target = 7510.49
NIFTY june
Buy At 7608.02. Target = 7661.27
Sell At 7556.68. Target = 7503.79
june BNF
Buy At 15400.21. Target = 15508.01
Sell At 15173.79. Target = 15067.57
July BNF
Buy At 15527.38. Target = 15636.07
Sell At 15337.17. Target = 15229.81 |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #230 Posted: Fri Jun 27, 2014 9:57 am Post subject: intraday nifty fut 27062014 |
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intraday
long nf above 7548.5 and sell below 7544
above trgts 7552/7559/7577
below trgts 7540/7533/7515
though nifty achieved the trgts of 7552/7559 one can keep stop at 7550
below 7550 trgts 7546/7539/7521 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #231 Posted: Fri Jun 27, 2014 10:01 am Post subject: |
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| Today, NS must close above 7550 to give hope to bulls. If it doesn't, At least Monday must close well above 7409. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #232 Posted: Fri Jun 27, 2014 11:55 am Post subject: Re: intraday nifty fut 27062014 |
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| dynamite_munda11 wrote: | intraday
long nf above 7548.5 and sell below 7544
above trgts 7552/7559/7577
below trgts 7540/7533/7515
though nifty achieved the trgts of 7552/7559 one can keep stop at 7550
below 7550 trgts 7546/7539/7521 |
below 7550 all trgts upto 7521 achieved more dnside only below 7521 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #233 Posted: Fri Jun 27, 2014 12:25 pm Post subject: Re: intraday nifty fut 27062014 |
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| dynamite_munda11 wrote: | | below 7550 all trgts upto 7521 achieved more dnside only below 7521 |
sanjay, u r posting in wrong tread. I have already opened thread for july series. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #234 Posted: Fri Jun 27, 2014 12:33 pm Post subject: |
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booked fully at 7513.10... no patience ...
| riteshucha wrote: | SL for shorts at 7563.44 would be 7595.10....
| riteshucha wrote: | all but NIFTY JULY tgt achieved....
if not today then wait till tomm...
| riteshucha wrote: | keep these levels in mind....
NIFTY july contract
Buy At 7649.21. Target = 7702.76
Sell At 7563.44. Target = 7510.49
NIFTY june
Buy At 7608.02. Target = 7661.27
Sell At 7556.68. Target = 7503.79
june BNF
Buy At 15400.21. Target = 15508.01
Sell At 15173.79. Target = 15067.57
July BNF
Buy At 15527.38. Target = 15636.07
Sell At 15337.17. Target = 15229.81 |
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