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Nifty View- May 2013 |
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #556 Posted: Thu May 16, 2013 3:02 pm Post subject: |
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Too much resistence, I just bought a 6200 PE to hedge my calls.
Tomorrow is key,
Vinay are you seeing any trouble please share |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #557 Posted: Thu May 16, 2013 3:20 pm Post subject: |
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some correction is not ruled out. 6120NS is SL for daily closing |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #558 Posted: Thu May 16, 2013 6:38 pm Post subject: |
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see chart. bank nifty cup and handle is already active i think. trgt 15350+ |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #559 Posted: Thu May 16, 2013 6:44 pm Post subject: |
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And nifty weekly same way |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #560 Posted: Thu May 16, 2013 10:08 pm Post subject: |
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Nifty for Friday (17/05/13)
Supports are at about 6155, 6133, 6106, 6055, 6041 and 6008 while resistances are at about 6184, 6193, 6219 and 6244. A +WW gives about 6195 (+WWs with higher targets are not mentioned as of now). Three -WWs give about 6137 (once below 6167), 6109 (once below 6142) and 6033 (once below 6183) (-WWs with lower targets are not mentioned presently). A rising wedge break down can give about 5985 if nifty goes and remains below 6133. A bullish flag can give much higher level unless killed below 6045.
Nifty rose again and closed above 6150 and continues to give a very bullish signal. However, nifty has to close well above 6162 on Friday to avoid formation of a Hanging man on weekly chart, a bearish sign. Also, a -ve div has appeared on daily chart and long holders need to be careful. Also, a very high value of VIX and PCR can cause sharp falls and rises as seen this week. Only global cues and/or liquidity can take nifty further up. Once again, be careful of high volatility. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #561 Posted: Fri May 17, 2013 9:28 am Post subject: |
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vinay28 wrote: | Nifty for Friday (17/05/13)
Supports are at about 6155, 6133, 6106, 6055, 6041 and 6008 while resistances are at about 6184, 6193, 6219 and 6244. A +WW gives about 6195 (+WWs with higher targets are not mentioned as of now). Three -WWs give about 6137 (once below 6167), 6109 (once below 6142) and 6033 (once below 6183) (-WWs with lower targets are not mentioned presently). A rising wedge break down can give about 5985 if nifty goes and remains below 6133. A bullish flag can give much higher level unless killed below 6045.
Nifty rose again and closed above 6150 and continues to give a very bullish signal. However, nifty has to close well above 6162 on Friday to avoid formation of a Hanging man on weekly chart, a bearish sign. Also, a -ve div has appeared on daily chart and long holders need to be careful. Also, a very high value of VIX and PCR can cause sharp falls and rises as seen this week. Only global cues and/or liquidity can take nifty further up. Once again, be careful of high volatility. |
Rightly said ONLY global cues and LIQUIDITY will decide the course!!! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #562 Posted: Fri May 17, 2013 10:06 am Post subject: |
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no opinions on the charts |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #563 Posted: Fri May 17, 2013 10:08 am Post subject: |
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apka wrote: | no opinions on the charts |
who can dare comment on your charts? |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #564 Posted: Fri May 17, 2013 10:14 am Post subject: |
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vinay28 wrote: | apka wrote: | no opinions on the charts |
who can dare comment on your charts? |
I was waiting for Vinay to say something !! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #565 Posted: Fri May 17, 2013 10:34 am Post subject: |
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vinay28 wrote: | apka wrote: | no opinions on the charts |
who can dare comment on your charts? |
that's right mister
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #566 Posted: Fri May 17, 2013 10:35 am Post subject: |
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Cements day today !!!! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #567 Posted: Fri May 17, 2013 1:39 pm Post subject: |
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Quote: | The government share purchase agreements 'put and call' option has decided to allow foreign investment in Indian companies which will open the way to get promoted.
Under this option listed companies in the future will be able to buy or sell shares at a pre-determined price.
Although non-listed companies may try option.
The day had been taking over. Ministry of Finance and the Securities and Exchange Board of India (SEBI) will come into effect after allowing motion.
'Put' option under the shareholders within the fixed period, the right to sell shares at a pre-determined purchase price. (Agency) |
translated from hindi news <a href="http://zeenews.india.com/hindi/news/news/%E0%A4%95%E0%A4%BE%E0%A4%B0%E0%A5%8B%E0%A4%AC%E0%A4%BE%E0%A4%B0/%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0-%E0%A4%96%E0%A4%B0%E0%A5%80%E0%A4%A6-%E0%A4%AE%E0%A5%87%E0%A4%82-%E0%A4%AA%E0%A5%81%E0%A4%9F-%E0%A4%8F%E0%A4%A3%E0%A5%8D%E0%A4%A1-%E0%A4%95%E0%A5%89%E0%A4%B2-%E0%A4%B5%E0%A4%BF%E0%A4%95%E0%A4%B2%E0%A5%8D%E0%A4%AA-%E0%A4%95%E0%A5%8B-%E0%A4%AE%E0%A4%BF%E0%A4%B2%E0%A5%80-%E0%A4%AE%E0%A4%82%E0%A4%9C%E0%A5%82%E0%A4%B0%E0%A5%80/169432">link</a>
what does it mean?
Last edited by apka on Fri May 17, 2013 1:41 pm; edited 1 time in total |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #568 Posted: Fri May 17, 2013 1:41 pm Post subject: |
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why do you have to translate in Hindi? You don't understand simple English? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #569 Posted: Fri May 17, 2013 1:44 pm Post subject: |
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vinay28 wrote: | why do you have to translate in Hindi? You don't understand simple English? |
hindi se eng mein translate kiya online, if some words missed hua so hindi link bhi diya...
does it imply block deals which could be done in equities, can now be done in options??? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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