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Nifty View- May 2013 |
EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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Post: #331  Posted: Mon May 13, 2013 6:50 pm Post subject: |
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| vinay28 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. |
if by new high, you mean all time high, June is OK but if it means 2013 high, why not May itself?  |
Yes, vinay, I mean all time high. Or the 6300 odd levels which is the previous all time high. Create a double top there. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #332 Posted: Mon May 13, 2013 6:57 pm Post subject: |
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| EssJay wrote: | | Yes, vinay, I mean all time high. Or the 6300 odd levels which is the previous all time high. Create a double top there. |
that would be tripple sir, 2008, 2010, 2013 |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #333 Posted: Mon May 13, 2013 7:03 pm Post subject: |
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| apka wrote: | | EssJay wrote: | | Yes, vinay, I mean all time high. Or the 6300 odd levels which is the previous all time high. Create a double top there. |
that would be tripple sir, 2008, 2010, 2013 |
Yes sir, triple. Got excited and wrote double. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #334 Posted: Mon May 13, 2013 7:12 pm Post subject: |
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| EssJay wrote: | | apka wrote: | | EssJay wrote: | | Yes, vinay, I mean all time high. Or the 6300 odd levels which is the previous all time high. Create a double top there. |
that would be tripple sir, 2008, 2010, 2013 |
Yes sir, triple. Got excited and wrote double. |
third time lucky?
I posted a few days ago that, as per a Japanese theory, it succeeds after 3 such attempts. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #335 Posted: Mon May 13, 2013 7:15 pm Post subject: |
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| vinay28 wrote: | third time lucky?
I posted a few days ago that, as per a Japanese theory, it succeeds after 3 such attempts. |
meaning 3 stops right? or crossed at 3rd attempt? triple top would support the prior.
DAX and DOW didnt go by that. they dont like japanese it seems.  |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #336 Posted: Mon May 13, 2013 7:31 pm Post subject: Nifty View- May 2013 |
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Vinay is Super bullish, the more they stretch high, the more (sudden) fall (?) Can it happen? I booked my puts today. | vinay28 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. |
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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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #337 Posted: Mon May 13, 2013 8:16 pm Post subject: |
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friends and I don't normally use this term (  ), I will avoid giving advice henceforth and instead, I will go a step further i.e. I will only post what I am doing or have done. But if I don't post on time (i.e. timely for you), you can't blame me.
So, as of now, if it doesn't breach 5960 convincingly (5930 intraday spike allowed but unlikely) tmrw or on wednesday, I intend to cover my puts and add to my longs. I will post revised strategy, if any, tmrw. |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #338 Posted: Mon May 13, 2013 8:23 pm Post subject: |
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| vinay28 wrote: | friends and I don't normally use this term ( ), I will avoid giving advice henceforth and instead, I will go a step further i.e. I will only post what I am doing or have done. But if I don't post on time (i.e. timely for you), you can't blame me.
So, as of now, if it doesn't breach 5960 convincingly (5930 intraday spike allowed but unlikely) tmrw or on wednesday, I intend to cover my puts and add to my longs. I will post revised strategy, if any, tmrw. |
Nahiiiiin! But why going AWOL? Anyway SL are you working with? BTW tomorrow is important inflation data. What do you expect and how do you expect the mkt to react? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #339 Posted: Mon May 13, 2013 8:27 pm Post subject: |
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| vinay28 wrote: | friends and I don't normally use this term ( ), I will avoid giving advice henceforth and instead, I will go a step further i.e. I will only post what I am doing or have done. But if I don't post on time (i.e. timely for you), you can't blame me.
So, as of now, if it doesn't breach 5960 convincingly (5930 intraday spike allowed but unlikely) tmrw or on wednesday, I intend to cover my puts and add to my longs. I will post revised strategy, if any, tmrw. |
oh come on no ones gonna sue you, dont be like that... post as and what u feel ok... |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #340 Posted: Mon May 13, 2013 8:47 pm Post subject: |
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Reduced 6000, 5900, 5800 PE OI. Increase 5700 PE OI
Increase 6200 CE OI
Highest OI @ 6200 CE and 5700 PE |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #341 Posted: Mon May 13, 2013 9:00 pm Post subject: |
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| In fact, I said I am going a step further. So its better than advising like TV Gurus who don't normally take trades they recommend. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #342 Posted: Mon May 13, 2013 9:46 pm Post subject: |
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Mr Vinay
I think NF should take support around 5915 and should not break 5894. Tomorrow if market bounces on opening, then it can be shorted around 6015 with Stop at 6036 for downside TGT of 5940 - 5915 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #343 Posted: Mon May 13, 2013 9:59 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
I think NF should take support around 5915 and should not break 5894. Tomorrow if market bounces on opening, then it can be shorted around 6015 with Stop at 6036 for downside TGT of 5940 - 5915 |
oh, so nice of you Mr Raja to post here. As I had posted a couple of times before, while I am mentally prepared for even 5860 NS, I felt that 5930 may not be broken and that's why my present plan. But your post now adds strength to my feeling though slightly different levels.
Also, I feel market may recover sharply after 2 days.
Many thanks for your post. Please keep giving us support. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #344 Posted: Mon May 13, 2013 10:02 pm Post subject: |
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| thank u RR sirjee |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #345 Posted: Tue May 14, 2013 9:09 am Post subject: |
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| Pre-open data suggests a mildly +ve nifty after a slight gap up open, unless it remains below 5986 till afternoon. |
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