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Nifty View- May 2013 |
SP50
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Joined: 26 Nov 2010
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Post: #196  Posted: Thu May 09, 2013 2:09 pm Post subject: |
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| vinay28 wrote: | | taxmann50 wrote: | | vinay28 wrote: | | taxmann50 wrote: | One thing which everyone might have noticed is the power of the bulls, whenever any bearish signal is coming immediately there is a powerful reversal with high volume.
Vinay if you are watching the NF intraday chart you can comment if i am right?  |
but sometime back you only said that you don't expect any movement today?  |
Market changing colours with every minute!!!
Please have a look and confirm. |
there is indeed "buying on dips" going on but what do you want me to see? |
Volume at the point of reversals. |
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vinay28
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| Post: #197 Posted: Thu May 09, 2013 2:13 pm Post subject: |
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| highest vol was in 13.15 candle when reaction from 6085 came, meaning absorption. |
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SP50
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| Post: #198 Posted: Thu May 09, 2013 2:14 pm Post subject: |
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| vinay28 wrote: | | highest vol was in 13.15 candle when reaction from 6085 came, meaning absorption. |
So is that a safe point for buying or shall we wait? |
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masa
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| Post: #199 Posted: Thu May 09, 2013 2:16 pm Post subject: |
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| Today's low is @ yesterday's POC. One can long here, with strict SL @ 6050 for tgt 6120 tomorrow or still higher. |
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vinay28
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| Post: #200 Posted: Thu May 09, 2013 2:22 pm Post subject: |
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| taxmann50 wrote: | | vinay28 wrote: | | highest vol was in 13.15 candle when reaction from 6085 came, meaning absorption. |
So is that a safe point for buying or shall we wait? |
I am already long for some days and today I added |
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apka
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| Post: #201 Posted: Thu May 09, 2013 2:48 pm Post subject: |
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| as we have risen from 5950, daily trading volumes are going down simultaneously |
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masa
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| Post: #202 Posted: Thu May 09, 2013 6:02 pm Post subject: |
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Highest OI in 6200 CE and 5800 PE.
6000 PE has added 339800 Total OI 6062150
Hourly chart clearly suggest that Nifty still is in up trend. Close below 5990, might increase selling pressure as off now. |
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vinay28
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| Post: #203 Posted: Thu May 09, 2013 7:37 pm Post subject: |
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apka, DIIs are selling so according to your theory???????
YOu have a very important task to perform till next week and that is post your comment a couple of times on OI buildup in 6000 (and lower) pe and 61to 6300ce. Particularly you need to post every hour next thursday.
By the way, tmrw is IIP nos. |
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apka
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| Post: #204 Posted: Thu May 09, 2013 8:48 pm Post subject: |
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| vinay28 wrote: | apka, DIIs are selling so according to your theory???????
YOu have a very important task to perform till next week and that is post your comment a couple of times on OI buildup in 6000 (and lower) pe and 61to 6300ce. Particularly you need to post every hour next thursday.
By the way, tmrw is IIP nos. |
Will do Vinay.
Nah that observation is for falling market. DIIs have been selling in rising market since forever. They have got plenty cash to buy in and support falling market. So it works that time.
thanks for the heads up about IIP. Also friday factor, weekly close. Tomorrow we have Central Bank's result also incase it matters for banking stocks? |
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apka
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| Post: #205 Posted: Thu May 09, 2013 9:22 pm Post subject: |
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from May beginning to till date, only 6200ce is looking like which will act as laxman rekha. it has been adding OI not only with rising daily closing, but even with rising movements intraday. Seems to have confidence backing from writers. 6100ce was looking like till 1-2 days back, but not enough writing seen yet. Other calls dont stand strong to comment anything.
put side 6100pe is not seeing that much backup by writers compared to 6000pe when it was in the money (that is nifty below 6000). And when nifty had freshly crossed 6000 level still 6000pe kept adding OI. Addition to 6000pe has been on lower side today comparative to previous days. 5900pe has added OI lower than 6000pe.
Taking cue from above and the momentum indicators it looks like nifty is tiring. Today's movement had backup from SBI and PNB to rise and retest the days high.
Tomorrow's weekly close and Monday's opening and close will be important from point of view to judge further movement. |
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vinay28
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| Post: #206 Posted: Thu May 09, 2013 9:34 pm Post subject: |
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| First sign of weakness will come in case of a close below 6017 on Friday. A weekly close above 6087/6112 will be bullish with a possible rapid fire in nifty. |
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apka
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| Post: #207 Posted: Fri May 10, 2013 8:52 am Post subject: |
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Yesterday's fut close was 6048.95. It has broken yesterday's and day before yesterday's fut closing values. Although by very small margin. (But with a hanging man and bearish engulfing at top.)
The last time this happened was on 12th April when we were below 5600.
Since then, we have gone one way upside, nifty fut hasn't given close below 2 days closing price.
Suggesting opposite end of trends? curious to know |
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apka
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| Post: #208 Posted: Fri May 10, 2013 9:38 am Post subject: |
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USD/INR - Dollar Indian Rupee
54.550 +0.185 (+0.34%)
i think a close above 54.80 levels today will be a weekly breakout? |
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SP50
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| Post: #209 Posted: Fri May 10, 2013 10:01 am Post subject: |
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| apka wrote: | USD/INR - Dollar Indian Rupee
54.550 +0.185 (+0.34%)
i think a close above 54.80 levels today will be a weekly breakout? |
Will this be a result of FII sell or weak INR due to monetary easing of RBI? |
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apka
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| Post: #210 Posted: Fri May 10, 2013 10:08 am Post subject: |
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| taxmann50 wrote: | | apka wrote: | USD/INR - Dollar Indian Rupee
54.550 +0.185 (+0.34%)
i think a close above 54.80 levels today will be a weekly breakout? |
Will this be a result of FII sell or weak INR due to monetary easing of RBI? |
vinay will know better. |
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