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Nifty View- May 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #481  Posted: Wed May 15, 2013 11:34 am Post subject: |
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17.98... previous high high crossed |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #482 Posted: Wed May 15, 2013 11:36 am Post subject: |
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| apka wrote: |
17.98... previous high high crossed |
What is the inference about this now? |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #483 Posted: Wed May 15, 2013 11:41 am Post subject: |
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| This is just FYI and the wrong thread. But according to SSPS method, yhe DSP has been taken out. It's now in upswing with yesterdays low as USP. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #484 Posted: Wed May 15, 2013 11:51 am Post subject: |
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Tempting level dikhake hawa kaar diya khawab!!!
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #485 Posted: Wed May 15, 2013 11:57 am Post subject: |
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| SP50 wrote: | | apka wrote: |
17.98... previous high high crossed |
What is the inference about this now? |
18 high as of now. for the last many days nifty is behaving oddly, sometimes up with vix and sometimes down when vix is up. |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #486 Posted: Wed May 15, 2013 12:12 pm Post subject: Hi Vinay |
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Hi Vinay,
Once u r free can u explain me in detail how do u use the vix and pcr in your trading. Just curios to know bcoz i basically trade in WW's.Seeing ur posts feel they mite lend a helping hand as well.
Vishy |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #487 Posted: Wed May 15, 2013 12:14 pm Post subject: |
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| Guys, who's doing what. Kuch toh likho! |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #488 Posted: Wed May 15, 2013 12:16 pm Post subject: |
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| EssJay wrote: | | Guys, who's doing what. Kuch toh likho! |
Roller coaster pe baitha hoon, maaza le raha hoon, aur kya bole saab
Itna likhne ka kya hai enjoy the ride.  |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #489 Posted: Wed May 15, 2013 12:18 pm Post subject: |
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| Vinay, what's a good level to add longs? |
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EssJay
White Belt
Joined: 05 Sep 2012
Posts: 270
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| Post: #490 Posted: Wed May 15, 2013 12:19 pm Post subject: |
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I was expecting 5920 levels so bought only a little bit at 5970 levels.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #491 Posted: Wed May 15, 2013 12:35 pm Post subject: |
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| SP50 wrote: | | apka wrote: |
17.98... previous high high crossed |
What is the inference about this now? |
nifty in untreaded zone, historically falling from here. activity is like "preparing for disaster just in case" at a higher cost. not seeing anything else from it.
if hold this 5970 low or even 5930 in May, then i think this is transition / change / addition of hands to give a breakout to all time high.
Nifty OI is excellent now 250 lakhs OI. (will change eod ofcourse) |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #492 Posted: Wed May 15, 2013 12:38 pm Post subject: |
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| apka wrote: | | SP50 wrote: | | apka wrote: |
17.98... previous high high crossed |
What is the inference about this now? |
nifty in untreaded zone, historically falling from here. activity is like "preparing for disaster just in case" at a higher cost. not seeing anything else from it.
if hold this 5970 low or even 5930 in May, then i think this is transition / change / addition of hands to give a breakout to all time high.
Nifty OI is excellent now 250 lakhs OI. (will change eod ofcourse) |
Thanks apka for giving us the OI position,
By the way how are you finding the volumes at this level, are people interested to buy at this levels? |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #493 Posted: Wed May 15, 2013 12:38 pm Post subject: |
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| apka wrote: | | SP50 wrote: | | apka wrote: |
17.98... previous high high crossed |
What is the inference about this now? |
nifty in untreaded zone, historically falling from here. activity is like "preparing for disaster just in case" at a higher cost. not seeing anything else from it.
if hold this 5970 low or even 5930 in May, then i think this is transition / change / addition of hands to give a breakout to all time high.
Nifty OI is excellent now 250 lakhs OI. (will change eod ofcourse) |
Looks like.. High for the DAY are done......................NF coming below 6123 and BNF coming below 12845.... willbe a trigger to sell
Thanks
Satish |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #494 Posted: Wed May 15, 2013 12:43 pm Post subject: Re: Hi Vinay |
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| vishyvaranasi wrote: | Hi Vinay,
Once u r free can u explain me in detail how do u use the vix and pcr in your trading. Just curios to know bcoz i basically trade in WW's.Seeing ur posts feel they mite lend a helping hand as well.
Vishy |
vishy, nifty-vix-pcr are fooling every day in May and I don't recall such behaviour since I started watching. Hence, I am now down to watching initial intraday moves only e.g. nifty fell when vix rose yesterday and vice versa while today it shot up with vix.
For many months, I am posting that low pcr means nifty up. Then I tried pcr*vix but that too fooled this month. BUT I feel I am onto something and will post only after I verify since I have to give feedback to ST for his Market Sentiment also. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #495 Posted: Wed May 15, 2013 12:46 pm Post subject: |
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| apka wrote: | nifty in untreaded zone, historically falling from here. activity is like "preparing for disaster just in case" at a higher cost. not seeing anything else from it.
if hold this 5970 low or even 5930 in May, then i think this is transition / change / addition of hands to give a breakout to all time high.
Nifty OI is excellent now 250 lakhs OI. (will change eod ofcourse) |
apka, I think we can forget any more severe reaction. Yes 6155 is a weekly resistance and it may react from there but it will be "buy on dips" I feel and 6155 can today or tmrw morning also. My levels posted earlier may come next week I feel. |
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