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Nifty View - November Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #46  Posted: Wed Nov 06, 2013 8:42 pm Post subject: |
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| apka wrote: | Vinay what are you carrying?
Rupee depreciation on the move again. |
long in axis and infy and a hedge in nifty though heavier on long side. I feel about 6198 and 6170 are likely bounce back levels. Otherwise, it can slide down slowly without giving any hint of likely bottom, which can be as low as 6120/6055/5940/5755......
I was thinking that INR would stop at about 62.45 but don't know today's high. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #47 Posted: Wed Nov 06, 2013 11:08 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | Vinay what are you carrying?
Rupee depreciation on the move again. |
long in axis and infy and a hedge in nifty though heavier on long side. I feel about 6198 and 6170 are likely bounce back levels. Otherwise, it can slide down slowly without giving any hint of likely bottom, which can be as low as 6120/6055/5940/5755......
I was thinking that INR would stop at about 62.45 but don't know today's high. |
ok. yeh, i too think fall is just a slide guided by rupee mainly, its not really a fall.
I'm looking at 6185 and 6165 NS for bounce. Below that I expect 6110 to touch.
Today about 8 lakh shares shed OI in NF and about 1000cr fut shows net sell and 300cr in stocks as net sell for FII. So, nifty showed long exits. Still overall OI is above 210 lakhs.
Not sure where spot went in USDINR, but fut touched 62.565. I think 63.20 will come. And VIX on daily chart is oversold. Can see a bounce till 22. |
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thalapathy
White Belt
Joined: 04 Mar 2013
Posts: 27
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| Post: #48 Posted: Thu Nov 07, 2013 1:15 am Post subject: After an uptrend ..... indicates trend reversal |
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NIFTY SPOT:
1/11/13 6289.75- 6332.60- 6286.95- 6307.2
2/11/13 6332.05- 6342.95- 6311.15- 6317.35 1 Open above yesterdays close 2.Made a new high.
5/11/13 6282.15- 6304.75- 6244.30- 6253.15 1. Closed below yesterdays low 2. Closed below previous month close and Highest close (6299.15 strong signal) 3. Closed below previous month high (6309.05) and Current month open (6289.75). |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #49 Posted: Thu Nov 07, 2013 10:42 am Post subject: |
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| Fall in bond market today is worrying. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #50 Posted: Thu Nov 07, 2013 10:50 am Post subject: |
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| what does it imply |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #51 Posted: Thu Nov 07, 2013 11:08 am Post subject: |
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| nifty is stuck since 2 hours... |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #52 Posted: Thu Nov 07, 2013 11:09 am Post subject: |
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| ragarwal wrote: | | what does it imply |
Interest rates may rise. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #53 Posted: Thu Nov 07, 2013 11:43 am Post subject: |
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| what a blast |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #54 Posted: Thu Nov 07, 2013 12:34 pm Post subject: |
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| ragarwal wrote: | | what does it imply |
it means bond market operators feel inflation may come higher. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #55 Posted: Thu Nov 07, 2013 12:35 pm Post subject: |
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see the blast in infy. 2.5% up |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #56 Posted: Thu Nov 07, 2013 12:58 pm Post subject: |
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| rupee causing problems 62.835 +0.434 (+0.70%) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #57 Posted: Thu Nov 07, 2013 1:15 pm Post subject: |
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| vinay28 wrote: |
see the blast in infy. 2.5% up |
infy 3399.95.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #58 Posted: Thu Nov 07, 2013 1:34 pm Post subject: |
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| Big hourly & 5 hourly Hammer candle in USDINR. Hopefully it will start appreciating now. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #59 Posted: Thu Nov 07, 2013 1:46 pm Post subject: |
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| apka wrote: | | Big hourly & 5 hourly Hammer candle in USDINR. Hopefully it will start appreciating now. |
US$ or INR will appreciate? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #60 Posted: Thu Nov 07, 2013 2:39 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | Big hourly & 5 hourly Hammer candle in USDINR. Hopefully it will start appreciating now. |
US$ or INR will appreciate? |
sorry INR... but inverse movement happening in Nifty today.
touched 6185 level and bounced. 5ema in nifty, bank nifty and bank stocks have broken in last 2 days and we just bounced from 6185 5ema nifty's weekly level. |
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