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Nifty View - November Series |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #181  Posted: Mon Nov 17, 2014 2:25 pm Post subject: |
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| here we go... both nifty and bank nifty close to take out new highs |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #182 Posted: Mon Nov 17, 2014 2:40 pm Post subject: |
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| apka wrote: | | here we go... both nifty and bank nifty close to take out new highs |
about 8435NS/8465NF crucial |
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dilpat
White Belt
Joined: 18 Mar 2013
Posts: 19
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| Post: #183 Posted: Mon Nov 17, 2014 3:22 pm Post subject: |
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Vinay sir,
holding my short position is it ok?
| dilpat wrote: | Ok sir....
| vinay28 wrote: | | dilpat wrote: | Vinay sir,
as u said rightly, i would have booked around 8350 yesterday.... |
I am holding my shorts since I noticed a bearish div near eod. gets nullified only above 8415 on Monday. Otherwise I expect a 100 point drop. |
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ragavan
White Belt
Joined: 24 Sep 2014
Posts: 12
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| Post: #184 Posted: Mon Nov 17, 2014 4:27 pm Post subject: nifty |
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Dear vinay
Nifty closed above 8400. The next level what thinking you. |
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asrtrade
White Belt
Joined: 08 Jul 2014
Posts: 10
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| Post: #185 Posted: Mon Nov 17, 2014 6:18 pm Post subject: |
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Some interesting observation while reviewing the nifty prices. For the last 20 sessions:
*Nifty has fallen on only 3 out of 20 closings sessions
*Max Nifty drop in closing price has been around 25 points and
*Total run has been around 700 points since Oct 16 (from 7748>8430 levels)
*FII haven't net sold more than 100 Cr for the last 18 sessions
Never seen anything like this before, bank nifty maybe equally interesting. How long will this last? Is it in anticipation of Rate cut (and then fall after rate cut as it would be priced in)? Is it really the black money coming back to India?
16-Oct-2014 7837.30 7893.90 7729.65 7748.20 213529479 9087.06
17-Oct-2014 7733.75 7819.20 7723.85 7779.70 177623196 9626.90
20-Oct-2014 7896.95 7905.95 7856.95 7879.40 176171562 8357.41
21-Oct-2014 7906.15 7936.60 7874.35 7927.75 163403385 8432.94
22-Oct-2014 7997.80 8005.00 7974.55 7995.90 151104463 7301.77
23-Oct-2014 8027.70 8031.75 8008.85 8014.55 19640498 915.37
27-Oct-2014 8064.35 8064.40 7985.65 7991.70 132824881 6511.80
28-Oct-2014 8002.40 8037.80 7995.05 8027.60 124058566 6993.84
29-Oct-2014 8077.05 8097.95 8052.25 8090.45 148313096 7406.00
30-Oct-2014 8085.20 8181.55 8085.20 8169.20 205666559 11023.46
31-Oct-2014 8200.80 8330.75 8198.05 8322.20 176165086 9450.53
03-Nov-2014 8348.15 8350.60 8297.65 8324.15 141090166 7439.54
05-Nov-2014 8351.25 8365.55 8323.50 8338.30 161614922 9021.74
07-Nov-2014 8331.85 8360.35 8290.25 8337.00 153433693 11379.20
10-Nov-2014 8337.80 8383.05 8304.45 8344.25 130749013 6932.28
11-Nov-2014 8354.10 8378.70 8321.85 8362.65 122010840 6559.73
12-Nov-2014 8378.90 8415.05 8370.50 8383.30 125243330 6535.31
13-Nov-2014 8405.25 8408.00 8320.35 8357.85 127361048 6511.91
14-Nov-2014 8360.70 8400.65 8346.80 8389.90 146768580 7849.19
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #186 Posted: Mon Nov 17, 2014 6:35 pm Post subject: |
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| dilpat wrote: | | Vinay sir, holding my short position is it ok? |
dilpat, I am holding shorts and feel NF may react from about 8500NF with 20/21 being likely TCDs. However, less than 8300 is highly doubtful in Nov. hence I am thinking of shifting to 8200PE for dec around 8500NF. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #187 Posted: Mon Nov 17, 2014 6:41 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | here we go... both nifty and bank nifty close to take out new highs |
about 8435NS/8465NF crucial |
high was 8464.90NF. A tight SL for shorts is 60tf close above 8465NF. |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #188 Posted: Mon Nov 17, 2014 7:46 pm Post subject: |
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Hi Dilpat
I feel sorry for you.
You have turned a high profit trade into a loss one
Use your own brain
You cant trade by asking for direction at every step
You are unnecessary following a bearish mind, even at 8600 NF he will say, wait market is just going to fall. He is harping the same tune since last many sessions.
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #189 Posted: Mon Nov 17, 2014 8:06 pm Post subject: |
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| kaydee11 wrote: | Hi Dilpat
I feel sorry for you.
You have turned a high profit trade into a loss one
Use your own brain
You cant trade by asking for direction at every step
You are unnecessary following a bearish mind, even at 8600 NF he will say, wait market is just going to fall. He is harping the same tune since last many sessions.
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Sorry to barge in kaydee11, but vinay's success rate has been very good and he's never said which way the market is going to move; he only calls out the numbers as he sees them and its up to the reader/trader to make up his mind.
These kind of comments are unwarranted. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #190 Posted: Mon Nov 17, 2014 8:22 pm Post subject: |
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Nifty for Tuesday (18/11/14)
Supports are at about 8405, 8373/68 and 8321/16 while resistances are at about 8436, 8463, 8481/95 and 8528. A +WW can give about 8467 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8326 (once below 8411) (-WWs with much lower targets are not mentioned as of now). A channel BO/BD can give 8520/8280.
Nifty rose after a gap down open to close above 84000 and at a new all time high. The -ve div on daily and weekly TF over longer period continues and will not go unless rsi crosses 75.08 on daily to begin with. A close below 8310 will invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #191 Posted: Mon Nov 17, 2014 8:29 pm Post subject: |
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| dilpat wrote: | | holding my short position, is it ok? |
Dilpat: The market is liquidity and optimism driven right now. All negative factors like likely recession in Europe are being ignored. Quite a few companies are reporting results not as good as previous quarters but that doesnt matter to bulls! Latest optimism is partly due to 3 year low in crude oil. Every positive point (however small) is being hyped. Market is in the grip of N-ia$%a-M. It is being inspired to greater values of NF but the after-effect will be terrible. When will that happen, God only knows ???
Also remember from past history, FIIs like to go for XMas holiday with profits, so they may manipulate NF upwards till, say, Dec 12-15, then sell out and fly home to impress the family with their bonuses!!!
In the meantime why dont you Google "AL BROOKS + 4 shared dot com" and download his trading book: Reading Price Charts Bar by Bar, 37 MB? His excellent remark inspires my trading nowadays: "Always have (at least) two good reasons to enter a trade"
Jai Hind, Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #192 Posted: Mon Nov 17, 2014 8:35 pm Post subject: |
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| Where's the RSI today Vinay? Did it rise? Sorry I don't have access to charts right now. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #193 Posted: Mon Nov 17, 2014 8:41 pm Post subject: |
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| apka wrote: | | Where's the RSI today Vinay? Did it rise? Sorry I don't have access to charts right now. |
74.01 |
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dilpat
White Belt
Joined: 18 Mar 2013
Posts: 19
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| Post: #194 Posted: Mon Nov 17, 2014 9:18 pm Post subject: |
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Excellent guidance sir,
thank you so much...
| pkholla wrote: | | dilpat wrote: | | holding my short position, is it ok? |
Dilpat: The market is liquidity and optimism driven right now. All negative factors like likely recession in Europe are being ignored. Quite a few companies are reporting results not as good as previous quarters but that doesnt matter to bulls! Latest optimism is partly due to 3 year low in crude oil. Every positive point (however small) is being hyped. Market is in the grip of N-ia$%a-M. It is being inspired to greater values of NF but the after-effect will be terrible. When will that happen, God only knows ???
Also remember from past history, FIIs like to go for XMas holiday with profits, so they may manipulate NF upwards till, say, Dec 12-15, then sell out and fly home to impress the family with their bonuses!!!
In the meantime why dont you Google "AL BROOKS + 4 shared dot com" and download his trading book: Reading Price Charts Bar by Bar, 37 MB? His excellent remark inspires my trading nowadays: "Always have (at least) two good reasons to enter a trade"
Jai Hind, Prakash Holla |
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dilpat
White Belt
Joined: 18 Mar 2013
Posts: 19
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| Post: #195 Posted: Mon Nov 17, 2014 9:23 pm Post subject: |
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| NU2013 wrote: | | kaydee11 wrote: | Hi Dilpat
I feel sorry for you.
You have turned a high profit trade into a loss one
Use your own brain
You cant trade by asking for direction at every step
You are unnecessary following a bearish mind, even at 8600 NF he will say, wait market is just going to fall. He is harping the same tune since last many sessions.
|
Sorry to barge in kaydee11, but vinay's success rate has been very good and he's never said which way the market is going to move; he only calls out the numbers as he sees them and its up to the reader/trader to make up his mind.
These kind of comments are unwarranted. |
Trule quoted NU2013.... its upto individual to decide... |
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