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Nifty View- May 2013 |
vinay28
Black Belt
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
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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
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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
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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
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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
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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
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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
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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
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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
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 ??
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First week June. |
hmm...show on chart |
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vinay28
Black Belt
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
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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 ??
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First week June. |
hmm...show on chart |
Arrey, no chart. Creating chart. Operator my middle name |
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masa
White Belt
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 ??
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First week June. |
hmm...show on chart |
Arrey, no chart. Creating chart. Operator my middle name |
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EssJay
White Belt
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
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 ??
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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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