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NIFTY VIEW - November |
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #181 Posted: Fri Nov 09, 2012 2:25 pm Post subject: |
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stevenmat wrote: | 20 EOD EMA at 5684.. |
Yes, Steven there are a few key supports in the range 5680-5690 levels...let's see if they'll be able to hold......looks difficult though as the global markets are going down breaking supports one by one... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #182 Posted: Fri Nov 09, 2012 2:48 pm Post subject: |
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Somehow not going into the gap created on 2nd Nov |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #183 Posted: Fri Nov 09, 2012 2:51 pm Post subject: |
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taxmann50 wrote: | Somehow not going into the gap created on 2nd Nov |
may just be to make the weekly candle in perfect shape.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #184 Posted: Fri Nov 09, 2012 2:55 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | Somehow not going into the gap created on 2nd Nov |
may just be to make the weekly candle in perfect shape.... |
May be and that keeps the possibility open for a diwali rally next week, just to keep the retail happy. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #185 Posted: Fri Nov 09, 2012 3:01 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | taxmann50 wrote: | Somehow not going into the gap created on 2nd Nov |
may just be to make the weekly candle in perfect shape.... |
May be and that keeps the possibility open for a diwali rally next week, just to keep the retail happy. |
Yes, Taxmann.....very much true....there could be another Diwali move.....who knows.... ..... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #186 Posted: Fri Nov 09, 2012 3:10 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | psalm wrote: | taxmann50 wrote: | Somehow not going into the gap created on 2nd Nov |
may just be to make the weekly candle in perfect shape.... |
May be and that keeps the possibility open for a diwali rally next week, just to keep the retail happy. |
Yes, Taxmann.....very much true....there could be another Diwali move.....who knows.... ..... |
One thing which limiting the down-move is the Dollar index....its not going up at all...just moving 20 or 30 bps here and there...up and down...hahaha...even when the U.S. market is going down....anyway, if rupee falls below today's low that will give first signal of weakness in the days to come....a break below weekly low will confirm the bearishness....So, next week will be interesting.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #187 Posted: Fri Nov 09, 2012 3:29 pm Post subject: |
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Daily candle is bad but hopefully it will close above 5680 |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #188 Posted: Fri Nov 09, 2012 3:29 pm Post subject: |
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psalm wrote: | psalm wrote: | taxmann50 wrote: | psalm wrote: | taxmann50 wrote: | Somehow not going into the gap created on 2nd Nov |
may just be to make the weekly candle in perfect shape.... |
May be and that keeps the possibility open for a diwali rally next week, just to keep the retail happy. |
Yes, Taxmann.....very much true....there could be another Diwali move.....who knows.... ..... |
One thing which limiting the down-move is the Dollar index....its not going up at all...just moving 20 or 30 bps here and there...up and down...hahaha...even when the U.S. market is going down....anyway, if rupee falls below today's low that will give first signal of weakness in the days to come....a break below weekly low will confirm the bearishness....So, next week will be interesting.... |
I squared off 50% puts. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #189 Posted: Fri Nov 09, 2012 3:33 pm Post subject: |
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taxmann50 wrote: |
I squared off 50% puts. |
Hahaha...ok.. ... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #190 Posted: Fri Nov 09, 2012 3:34 pm Post subject: |
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vinay28 wrote: | Daily candle is bad but hopefully it will close above 5680 |
It did Vinay....Happy Weekend... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #191 Posted: Fri Nov 09, 2012 3:36 pm Post subject: |
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same to you sam. So low of 5678 today means 5768/5786 on Monday? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #192 Posted: Fri Nov 09, 2012 3:45 pm Post subject: |
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vinay28 wrote: | same to you sam. So low of 5678 today means 5768/5786 on Monday? |
Hahaha, I wont mind anything below 5800, Vinay....Let's see if your theory works on monday..... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #193 Posted: Fri Nov 09, 2012 4:19 pm Post subject: |
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vinay28 wrote: | same to you sam. So low of 5678 today means 5768/5786 on Monday? |
hmm.
[1] short additions in nifty fut of more than 9 lakh shares. 5% of total OI addition today.
[2] dax weekly flag pattern breaks if close below 7250... looks like will test 6920 if so.
[3] lot of OI addition to 5800ce. all 5800ce-6100ce having 70-80 lakhs shares OI total. puts are having less OI. and 5700pe shedded 11 lakh shares today and 5800pe 9 lakh shares.
[4] all good results LT, RIL, ICICI, AXIS, etc. didnt move the market and now SBIN and tata steel have come with poor results.
from above seems bearish to me, but forget all that if greece sunday budget makes europians happy
oh and sbin last week was hammer and this week inverted hammer at same levels.. dunno what to make of it. but nifty weekly from 5815 top to last week high falls to the point just where we have close above this week. so we are still above falling channel.. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #194 Posted: Fri Nov 09, 2012 7:47 pm Post subject: |
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"oh and sbin last week was hammer and this week inverted hammer at same levels.."
So is nifty. On daily 34ema is about 5645. The worry is, it may decide to take support at 89ema as in sept ....... go down further as in july?
Anyway I am long |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #195 Posted: Fri Nov 09, 2012 8:54 pm Post subject: |
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vinay28 wrote: | "oh and sbin last week was hammer and this week inverted hammer at same levels.."
So is nifty. On daily 34ema is about 5645. The worry is, it may decide to take support at 89ema as in sept ....... go down further as in july?
Anyway I am long |
hmm. DAX has recovered significantly after making low of 7064, now 7150. |
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