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NIFTY VIEW - November |
SP50
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Joined: 26 Nov 2010
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Post: #196  Posted: Mon Nov 12, 2012 10:39 am Post subject: |
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| Is the IIP data due today? |
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vinay28
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| Post: #197 Posted: Mon Nov 12, 2012 10:41 am Post subject: |
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| yes taxmann |
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saumya12
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Joined: 21 Dec 2011
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| Post: #198 Posted: Mon Nov 12, 2012 10:44 am Post subject: |
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| Yes at 11 am |
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apka
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| Post: #199 Posted: Mon Nov 12, 2012 10:46 am Post subject: |
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todays freak show:
[1] SBIN fut low 1840.00
[2] Nifty spot high was 5704 within 5-10mins of opening, after that it suddenly showed as 5718 without going till there. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #200 Posted: Mon Nov 12, 2012 10:55 am Post subject: |
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Apka: I am afraid this freak show will become even more frequent after the spineless and gutless 'non- action' of NSE WRT 5th Oct episode. As long as quant traders and FIIs pay large sums for installing "shortcuts"into NSE computer and are not punished in any way for misdeeds, we will face such phenomena. It is upto ordinary traders like us to keep complaining to NSE, Finance Ministry and Chiddu Anna till the sheer volume of noise forces them to act. Jai Hind. Prakash Holla
OR: 1) We should migrate to BSE which has made some really fantastic improvements and introduced new products like derivatives
2) If the new exchange MCX-SX proves itself, it will definitely charge less than NSE and provide more features to make traders shift to it!
Last edited by pkholla on Mon Nov 12, 2012 11:04 am; edited 1 time in total |
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psalm
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Joined: 12 Nov 2011
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| Post: #201 Posted: Mon Nov 12, 2012 11:00 am Post subject: |
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| apka wrote: | todays freak show:
[1] SBIN fut low 1840.00
[2] Nifty spot high was 5704 within 5-10mins of opening, after that it suddenly showed as 5718 without going till there. |
Market is looking pretty weak....A break below yesterday's low could put the market under a bit more pressure, I feel. watch out...
NOTE: 5719 is a key level for NIFTY FUTURE on a CLOSING basis. The high made by the spot as per some source is around 5719...as Apka has mentioned... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #202 Posted: Mon Nov 12, 2012 11:06 am Post subject: |
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| psalm wrote: | | apka wrote: | todays freak show:
[1] SBIN fut low 1840.00
[2] Nifty spot high was 5704 within 5-10mins of opening, after that it suddenly showed as 5718 without going till there. |
Market is looking pretty weak....A break below yesterday's low could put the market under a bit more pressure, I feel. watch out...
NOTE: 5719 is a key level for NIFTY FUTURE on a CLOSING basis. The high made by the spot as per some source is around 5719...as Apka has mentioned... |
Samji is the volume normal? |
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GHAISAS
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Joined: 01 Feb 2010
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| Post: #203 Posted: Mon Nov 12, 2012 11:12 am Post subject: |
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Psalm, your view on IIP please!
ghaisas |
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psalm
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| Post: #204 Posted: Mon Nov 12, 2012 11:16 am Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | apka wrote: | todays freak show:
[1] SBIN fut low 1840.00
[2] Nifty spot high was 5704 within 5-10mins of opening, after that it suddenly showed as 5718 without going till there. |
Market is looking pretty weak....A break below yesterday's low could put the market under a bit more pressure, I feel. watch out...
NOTE: 5719 is a key level for NIFTY FUTURE on a CLOSING basis. The high made by the spot as per some source is around 5719...as Apka has mentioned... |
Samji is the volume normal? |
I dont see any abnormal rise or drop in volume yet, Taxmann....but If I look at the hourly volume data....the volume was higher during hour after SBI result when some selling has happened...other than that the volume looks pretty normal....
NOTE: The most volume as per the price has happened in the range 5710-5750 (FUTURE LEVELS) range in this series...those are the levels to watch, I feel....if we start trading below 5710, then there is good chance of us heading lower...while if we start trading above 5750 levels...there is good chance of us doing well..... |
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SP50
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| Post: #205 Posted: Mon Nov 12, 2012 11:21 am Post subject: |
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IIP data has come negative?
NDIA IIP DATA : SEP IIP AT -0.4% VS MKT EXP OF +2.8% AND PRE +2.7%
Last edited by SP50 on Mon Nov 12, 2012 11:25 am; edited 1 time in total |
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psalm
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| Post: #206 Posted: Mon Nov 12, 2012 11:24 am Post subject: |
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| GHAISAS wrote: | Psalm, your view on IIP please!
ghaisas |
GHAISAS, the IIP data might spoil the dilwali trading....as long as we trades below 5715-5720 levels we might head down....the IIP is no significant....as these numbers are manipulated to a certain extent...but the sentiments could affect the market....which could trigger some selling and hence we could head for 5520-5490 levels in a few days...
NOTE: A bounceback is always there on the cards because of Diwali period. Even if there is a bounce back, it will have limited strength I feel....So if there is any bounceback up to 5750 or even slightly higher levels, it will be another good opportunity to sell, I feel.....I'm saying to sell as I'm more comfortable because of the 5815 stoploss....which is pretty close...  |
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apka
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| Post: #207 Posted: Mon Nov 12, 2012 11:25 am Post subject: |
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yes
degrowth.
spot has broken fridays low but fut is holding its fridays low. breach in 5664 spot i think should take us to 5615.
5800-5900-6000ce having 80+ lakh OI in total. |
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GHAISAS
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Joined: 01 Feb 2010
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| Post: #208 Posted: Mon Nov 12, 2012 11:27 am Post subject: |
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Psalm, thanks for the explanation
ghaisas. |
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psalm
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| Post: #209 Posted: Mon Nov 12, 2012 11:29 am Post subject: |
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The only positive the market can take from the IIP data is that....there wont be much downside from here....  ....and also this number put some pressure on RBI Governer to lower the rates...watch out for banks in the next few days.. |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #210 Posted: Mon Nov 12, 2012 11:31 am Post subject: |
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| psalm wrote: | | The only positive the market can take from the IIP data is that....there wont be much downside from here.... ....and also this number put some pressure on RBI Governer to lower the rates...watch out for banks in the next few days.. |
Yes this is very true and may be the rate cut may be announced as early as today afternoon for the diwali rally... |
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