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Nifty View - MARCH 2013 |
skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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Post: #16  Posted: Fri Mar 01, 2013 2:08 pm Post subject: |
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| sw_das wrote: | | sw_das wrote: | If we sustain above 5737 NF, then we can move 5780 NF I feel. but options may force a range bound day.  Let's see. |
They seem to be trying premium gain game. Likely to be range bound resistance at 7552-55 around. |
chart wise, it seems that we will consolidate. But news flow can do trick! |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #17 Posted: Fri Mar 01, 2013 2:26 pm Post subject: |
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| Vikas91 wrote: | Banks recovered from steep falls in the previous session as analysts say the 2013/14 budget was unlikely to have as big a negative impact as investors had first anticipated.
Fin min statement: nothing new has been done on tax residency certificate for foreign investors that was not there last year; current treaty on double-tax avoidance with Mauritius holds pending talks
The uncertainty over the tax residency certificate spooked markets yesterday; fin min has issued a clarification today
Conclusion: Hopefully markets will close on a positive note after the fin min clarification
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NF day high at 5757 |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #18 Posted: Fri Mar 01, 2013 2:28 pm Post subject: |
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| sw_das wrote: | | sw_das wrote: | | sw_das wrote: | | If we sustain above 5737 NF, then we can move 5780 NF I feel. but options may force a range bound day. Let's see. |
They seem to be trying premium gain game. Likely to be range bound resistance at 7552-55 around. |
chart wise, it seems that we will consolidate. But news flow can do trick! |
It has been pulled down.
By the way 5700 put 5800 call pair is approaching towards 115. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #19 Posted: Fri Mar 01, 2013 2:32 pm Post subject: |
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| 5740 spot touched and reversed masa. what did u do with ur 5800ce ? |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #20 Posted: Fri Mar 01, 2013 2:34 pm Post subject: |
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| Was anyone long in Axisbank? probably the most amazing run that I noticed it just now, take a look at the chart pattern for future study. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #21 Posted: Fri Mar 01, 2013 2:42 pm Post subject: |
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| apka wrote: | | 5740 spot touched and reversed masa. what did u do with ur 5800ce ? |
Actually they pulled in few boolbool and then fool cool.   |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #22 Posted: Fri Mar 01, 2013 2:47 pm Post subject: |
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As much I learned yesterday that the royalty payment of Maruti will be heavily hit after the new budget it was chopped down yesterday but look how the FII and C'bam goes hand in hand. Its on top of the nifty list 5.5% up.
Did somewhere the FM clarified this today? |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #23 Posted: Fri Mar 01, 2013 3:14 pm Post subject: |
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| Its become highly volatile, difficult for trading with stops. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #24 Posted: Fri Mar 01, 2013 3:32 pm Post subject: |
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| taxmann50 wrote: | | Its become highly volatile, difficult for trading with stops. |
A closing stop above 1435 or 1440 could be fine to short it....but yes, could be risky.....let's see what it does tomorrow |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #25 Posted: Fri Mar 01, 2013 3:33 pm Post subject: |
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| taxmann50 wrote: | | Its become highly volatile, difficult for trading with stops. |
Now u can relax for the rest of the day Taxmann50
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #26 Posted: Fri Mar 01, 2013 3:35 pm Post subject: |
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| Vikas91 wrote: | | taxmann50 wrote: | | Its become highly volatile, difficult for trading with stops. |
Now u can relax for the rest of the day Taxmann50
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Yes Vikas its TGIF now so definately I will enjoy some  . Monday will be interesting to see if 5700 holds or not. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #27 Posted: Fri Mar 01, 2013 3:38 pm Post subject: |
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It started yesterday. continued today...its all for option writers.
I guess it will continue to consolidate with some downward bias (will have steep fall or not depends on kind of news flow we will have). Other wise we may consolidate for long time. Just my guess. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #28 Posted: Fri Mar 01, 2013 3:42 pm Post subject: |
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| sw_das wrote: | It started yesterday. continued today...its all for option writers.
I guess it will continue to consolidate with some downward bias (will have steep fall or not depends on kind of news flow we will have). Other wise we may consolidate for long time. Just my guess. |
It will consolidate but likely a level around 5500. A strong bear close in Feb so March will be pathetic.
Short on rally is the Mantra.. |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #29 Posted: Fri Mar 01, 2013 3:47 pm Post subject: |
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| sw_das wrote: | It started yesterday. continued today...its all for option writers.
I guess it will continue to consolidate with some downward bias (will have steep fall or not depends on kind of news flow we will have). Other wise we may consolidate for long time. Just my guess. |
Apart from news,budget debate if we does not close above 5800 NF market can drift to 5600+NF.Its do or die Situation for market |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #30 Posted: Fri Mar 01, 2013 3:50 pm Post subject: |
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| Vikas91 wrote: | | sw_das wrote: | It started yesterday. continued today...its all for option writers.
I guess it will continue to consolidate with some downward bias (will have steep fall or not depends on kind of news flow we will have). Other wise we may consolidate for long time. Just my guess. |
Apart from news,budget debate if we does not close above 5800 NF market can drift to 5600+NF.Its do or die Situation for market |
Yes, 5600 around it possible. but may not be immediately I feel. 1-2 weeks consolidation? Let's see if we hold 5700 on Monday.
Dow is a worry. |
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