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NIFTY VIEW - November |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #136  Posted: Thu Nov 08, 2012 12:20 pm Post subject: |
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| covering happening at what prices? May be too low for further downside. |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #137 Posted: Thu Nov 08, 2012 12:28 pm Post subject: |
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| Was this planned? pundits were saying that a Obama win will be some rally but its the opposite, even Indian pundits giving targets of 5850-6000 for diwali, i somehow can say a lot retail investors r sucked in already for the greed generated by our so called pundits. |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #138 Posted: Thu Nov 08, 2012 12:37 pm Post subject: |
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| taxmann50 wrote: | | Was this planned? pundits were saying that a Obama win will be some rally but its the opposite, even Indian pundits giving targets of 5850-6000 for diwali, i somehow can say a lot retail investors r sucked in already for the greed generated by our so called pundits. |
posting Nifty Hourly chart with APF.... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #139 Posted: Thu Nov 08, 2012 12:41 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | Was this planned? pundits were saying that a Obama win will be some rally but its the opposite, even Indian pundits giving targets of 5850-6000 for diwali, i somehow can say a lot retail investors r sucked in already for the greed generated by our so called pundits. |
posting Nifty Hourly chart with APF.... |
Nice chart and I understand why you are still holding the puts, 
I also squared my NF and now holding some puts, I hope to recover my losses now  |
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psalm
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| Post: #140 Posted: Thu Nov 08, 2012 12:45 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | | Was this planned? pundits were saying that a Obama win will be some rally but its the opposite, even Indian pundits giving targets of 5850-6000 for diwali, i somehow can say a lot retail investors r sucked in already for the greed generated by our so called pundits. |
posting Nifty Hourly chart with APF.... |
Nice chart and I understand why you are still holding the puts,
I also squared my NF and now holding some puts, I hope to recover my losses now |
I just wanted to show you that there is weakness even though we're not far from the recent highs.....  |
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psalm
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Posts: 5368
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| Post: #141 Posted: Thu Nov 08, 2012 1:02 pm Post subject: |
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| Much deeper corrections happening in Hang Seng and Shanghai indices....now trading around their lows for the day... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #142 Posted: Thu Nov 08, 2012 1:03 pm Post subject: |
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| psalm wrote: | | Much deeper corrections happening in Hang Seng and Shanghai indices....now trading around their lows for the day... |
I wish the same for us after europe opens  |
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psalm
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| Post: #143 Posted: Thu Nov 08, 2012 1:09 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Much deeper corrections happening in Hang Seng and Shanghai indices....now trading around their lows for the day... |
I wish the same for us after europe opens |
As of now, Europe is expected to open "flat to positive"..... ...so don't expect too much from the Europe, I feel....anyway, let's wait and see.... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #144 Posted: Thu Nov 08, 2012 1:09 pm Post subject: |
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| sam, redraw the APF by joining high/low of upper curve and you will find that uptrend is retained |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #145 Posted: Thu Nov 08, 2012 1:18 pm Post subject: |
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| vinay28 wrote: | | sam, redraw the APF by joining high/low of upper curve and you will find that uptrend is retained |
Vinay...there will be a different picture if you take a different point of reference.....I know that....but if you look at the earlier one, you can see that lots of point of contacts which shows more accuracy.....by the way, were you mentioning about drawing this way???.... |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #146 Posted: Thu Nov 08, 2012 1:21 pm Post subject: |
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| taxmann50 wrote: | | The nos of increase in open interest of 5700 calls suggests something? |
yeh, in 5700ce addition is near 8 lakhs since opening 1st hour. just shows buying happening since opening, but no active writing in it since. So, if market keeps sustain above 5720-5730 spot, short covering could emerge.
it doesnt mean much for now. lets see what europe does.
same way 5700pe also has 8 lakh or so OI addition and so has 5800ce. Considering 5800 has a bigger resistence than 5700 has as a support, we could fall below 5700 intraday. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #147 Posted: Thu Nov 08, 2012 1:40 pm Post subject: |
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| yes sam, that's what I meant |
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psalm
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Joined: 12 Nov 2011
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| Post: #148 Posted: Thu Nov 08, 2012 1:46 pm Post subject: |
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| vinay28 wrote: | | yes sam, that's what I meant |
In that way, the weakness will arise only if we consistently trade below 5690 or so.....anyway, let's wait and see... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #149 Posted: Thu Nov 08, 2012 1:48 pm Post subject: |
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| yes sam, daily close below 5680 could be bad |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #150 Posted: Thu Nov 08, 2012 7:28 pm Post subject: |
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market mover Daddy will declare Q2 results tomorrow anywhere between noon-2.30pm
Has it made a three white soldiers pattern? |
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