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Nifty View- May 2013 |
vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #316 Posted: Mon May 13, 2013 6:23 pm Post subject: |
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vinay28 wrote: | yes apka, but this huge vol after 1.50 may affect pcr a great deal. Also, INR may close hopefully below 55. |
pcr down from 1.21 to 1.16 and INR closed at 54.74. Further downside is possible but I feel max till 5930/5860, as of now, as posted last week. Targets of BD of two rising wedges are about 5936/5867. |
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masa White Belt
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Joined: 06 Jan 2007 Posts: 162
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Post: #317 Posted: Mon May 13, 2013 6:26 pm Post subject: |
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EssJay wrote: | So, basically bad news for longs. Apka, till what level can It pull back? For fresh shorting. |
EssJay..
Nifty might ( and if ) touch around 6050 in next couple of days, low risk entry,
Short there. |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #318 Posted: Mon May 13, 2013 6:32 pm Post subject: |
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Unless it takes out the recent high  |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #319 Posted: Mon May 13, 2013 6:34 pm Post subject: |
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EssJay wrote: | Unless it takes out the recent high  |
hey all bearish questions and bullish under the skin  |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #320 Posted: Mon May 13, 2013 6:34 pm Post subject: |
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I think 5900 NF will hold then new high. |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #321 Posted: Mon May 13, 2013 6:36 pm Post subject: |
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apka wrote: | EssJay wrote: | Unless it takes out the recent high  |
hey all bearish questions and bullish under the skin  |
I feel a new high is coming. Don't know why. Gut feel. In any case, will use SSPS rejection from 34 ema to decide.  |
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masa White Belt
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Joined: 06 Jan 2007 Posts: 162
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Post: #322 Posted: Mon May 13, 2013 6:37 pm Post subject: |
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EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
 |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #323 Posted: Mon May 13, 2013 6:40 pm Post subject: |
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masa wrote: | EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
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First week June. |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #324 Posted: Mon May 13, 2013 6:41 pm Post subject: |
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ok. for now ill be watching 5930, if the same breaks in FUT, i think 5840 spot will come. lets see.
anything down below 5950 would make the weekly candle big red one. |
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masa White Belt
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Joined: 06 Jan 2007 Posts: 162
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Post: #325 Posted: Mon May 13, 2013 6:42 pm Post subject: |
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EssJay wrote: | masa wrote: | EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
 |
First week June. |
hmm...show on chart |
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #326 Posted: Mon May 13, 2013 6:44 pm Post subject: |
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apka wrote: | ok. for now ill be watching 5930, if the same breaks in FUT, i think 5840 spot will come. lets see.
anything down below 5950 would make the weekly candle big red one. |
weekly candle is very interesting. Any candle (by Friday eod) will make it bearish unless it is a big green one or red but not a hanging man. |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #327 Posted: Mon May 13, 2013 6:44 pm Post subject: |
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masa wrote: | EssJay wrote: | masa wrote: | EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
 |
First week June. |
hmm...show on chart |
Arrey, no chart. Creating chart. Operator my middle name  |
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masa White Belt
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Joined: 06 Jan 2007 Posts: 162
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Post: #328 Posted: Mon May 13, 2013 6:46 pm Post subject: |
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EssJay wrote: | masa wrote: | EssJay wrote: | masa wrote: | EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
 |
First week June. |
hmm...show on chart |
Arrey, no chart. Creating chart. Operator my middle name  |
 |
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EssJay White Belt
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Joined: 05 Sep 2012 Posts: 270
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Post: #329 Posted: Mon May 13, 2013 6:46 pm Post subject: |
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On a more serious note, trying to gauge FII action. I'm thinking, their strategy, get everyone bearish and then zoom. |
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #330 Posted: Mon May 13, 2013 6:47 pm Post subject: |
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EssJay wrote: | masa wrote: | EssJay wrote: | I think 5900 NF will hold then new high. |
When new high ??
 |
First week June. |
if by new high, you mean all time high, June is OK but if it means 2013 high, why not May itself?  |
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