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Nifty View - MARCH 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #151  Posted: Thu Mar 07, 2013 5:29 pm Post subject: |
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apka, see the funny thing. A close at/above 5795 is enough to get a white cloud cover on weekly BUT a gap up open tmrw and a close at/below 5832 will give dark cloud cover on daily.
Incidentally, there is a rumour of rate cut coming tmrw.
Last edited by vinay28 on Thu Mar 07, 2013 5:32 pm; edited 1 time in total |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #152 Posted: Thu Mar 07, 2013 5:32 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | NS high just 0.45 below previous high of 5878.35. Just missed 5879 as stated earlier. If it crosses it tmrw, weekly candle will be bullish engulfing and we may see as much as 6050 next week. For tmrw, 5940/70 looks possible.
Daily candles are similar to those in third week of Nov. I had posted earlier that we may see as much as 250 rise from bottom. Let's see. |
Even if it doesnt make a bullish engulfing, a close hereby also would make it a white cloud cover.
PCR went up from 0.7x to 1.0 till yesterday. Calls upto 5900ce are shedding OI and puts are adding up. 5700pe 99 lakh OI, 5800pe 82 lakh OI...
IT Index has gone mad. It touched 7420 today.. all time high being 759x. INFY crossed 3000 and TCS almost touched 1600. |
NF has already crossed last week's high. But one can be careful above 5900, there might be a trap. At least give time upto 19th to stabilize price. I feel we will go for 5650 testing before 19th. At least i am seeing it as possibilty. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #153 Posted: Thu Mar 07, 2013 5:56 pm Post subject: |
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| vinay28 wrote: | apka, see the funny thing. A close at/above 5795 is enough to get a white cloud cover on weekly BUT a gap up open tmrw and a close at/below 5832 will give dark cloud cover on daily.
Incidentally, there is a rumour of rate cut coming tmrw. |
now there is a rumour starting about when a rumour will start  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #154 Posted: Thu Mar 07, 2013 6:58 pm Post subject: |
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PCR up again today at 1.05.
Vinay, I think it's changed from a buyers market and become a writers market.
On side note, 5889 comes as the 50% fibonnici retracement level for 6112-> 5663 fall. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #155 Posted: Thu Mar 07, 2013 7:21 pm Post subject: |
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| It appears that there could be a pretty good consolidation between 5830-5980 for this month. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #156 Posted: Thu Mar 07, 2013 7:45 pm Post subject: |
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NS did NOT cross last week's high. It fell short by 0.40.
Nifty touched the upper TL today at 5878. There is already a +ve div in RSI on weekly chart. Also, nifty closed above 20sma and just crossed above 34 ema on daily chart. Hence, everything points to much higher levels. If nifty closes above 5848 on Friday, it will close above 20 sma on weekly chart also.
I am only worried about a double top. Hence, bulls will hope for a close much above 5879. I am worried that tmrw may be top.
Trust me, next week will be very turbulent and volatile, with RBI policy review a week later. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #157 Posted: Fri Mar 08, 2013 8:27 am Post subject: |
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| At some point today or beginning of next week, 5900 PUT Buy and 5800 PUT Sell pair will be interesting. Around 30 spread is fine to pick them. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #158 Posted: Fri Mar 08, 2013 9:48 am Post subject: |
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| sw_das wrote: | | At some point today or beginning of next week, 5900 PUT Buy and 5800 PUT Sell pair will be interesting. Around 30 spread is fine to pick them. |
It is at 29 now  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #159 Posted: Fri Mar 08, 2013 10:06 am Post subject: |
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Sam dear/buddy/sir/uncle/beta, where are you? This thread is becoming so boring and defunct! Pl come back to entertain us!  |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #160 Posted: Fri Mar 08, 2013 11:08 am Post subject: |
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YES PSALM 
| vinay28 wrote: | | Sam dear/buddy/sir/uncle/beta, where are you? This thread is becoming so boring and defunct! Pl come back to entertain us! |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #161 Posted: Fri Mar 08, 2013 11:15 am Post subject: |
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NF is a sell with SL 5945 for Tgts 5890-5875 cmp 5925 is my view
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #162 Posted: Fri Mar 08, 2013 12:14 pm Post subject: |
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come on sam.
5700pe OI 1.06cr
5800pe OI 95 lakh
huge build up. |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #163 Posted: Fri Mar 08, 2013 12:22 pm Post subject: |
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| Vikas91 wrote: | NF is a sell with SL 5945 for Tgts 5890-5875 cmp 5925 is my view
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5913 NF |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #164 Posted: Fri Mar 08, 2013 1:24 pm Post subject: |
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We are around 5950 NF around expected target range for the upmove. What's next?  |
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Vikas91
White Belt
Joined: 28 Nov 2012
Posts: 140
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| Post: #165 Posted: Fri Mar 08, 2013 1:35 pm Post subject: |
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| Vikas91 wrote: | | Vikas91 wrote: | NF is a sell with SL 5945 for Tgts 5890-5875 cmp 5925 is my view
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5913 NF |
NF 5945 SL HITS! |
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