View previous topic :: View next topic |
Author |
NIFTY VIEW - November |
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #406 Posted: Mon Nov 19, 2012 2:14 pm Post subject: |
|
|
stevenmat wrote: | Jan 4 high of 6181 and dec 20 low of 4531...61.8% fib retracement comes at 5550...you think that'll be a support? |
There is some support around 5540, Steven...so, I wont be surprised if we hold 5540 levels...at least for a day or two......by the way, I'm modifying my trailing stoploss to just above 5605 now.... |
|
Back to top |
|
|
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #407 Posted: Mon Nov 19, 2012 2:19 pm Post subject: |
|
|
taxmann50 wrote: | psalm wrote: | taxmann50 wrote: | Europe has opened with a big gap up, it seems unlikely that it will be able to hold onto the levels, |
DAX has resistance in the range 7050-7100...even if broken, there is reasonable resistance around 7200....so, these are just pullbacks.....sustainable break above 7200 is needed there.....similarly in FTSE, levels in the range 5680-5710 could offer reasonable resistance....having said that, the dollar index has tested the resistance area around 81.5 on friday and then went down....as long as the index stays below 81.5 levels there is good chance for the markets to pullback or resume the rally......if the dollar index goes down from here, then the pattern will be somewhat like a HNS....with target around 72.....that's the danger for a bear.... |
Yes, 5570 NF has to break else its becoming a reasonable support, bank nifty is terribly weak |
Yes, BankNifty is weak as well...but remember that BankNifty hasn't broken below its recent low around 11125....so, I'll consider it as relative out-performance......if you're looking to buy BankNifty for a day or two, whatever be today's low can be considered as a stoploss.....I'll consider selling BankNifty only below today's lows.....but again, recent lows again could provide another support.... |
|
Back to top |
|
|
stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
|
Post: #408 Posted: Mon Nov 19, 2012 2:59 pm Post subject: |
|
|
psalm wrote: | stevenmat wrote: | Jan 4 high of 6181 and dec 20 low of 4531...61.8% fib retracement comes at 5550...you think that'll be a support? |
There is some support around 5540, Steven...so, I wont be surprised if we hold 5540 levels...at least for a day or two......by the way, I'm modifying my trailing stoploss to just above 5605 now.... |
Oh ok.. |
|
Back to top |
|
|
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
|
Post: #409 Posted: Mon Nov 19, 2012 3:14 pm Post subject: |
|
|
I feel accumulation may be going on. |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #410 Posted: Mon Nov 19, 2012 3:20 pm Post subject: |
|
|
vinay28 wrote: | I feel accumulation may be going on. |
I have bought Apollo tyres, SunTV, DishTV, hexaware and shriram trans as a hedge.... |
|
Back to top |
|
|
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
|
Post: #411 Posted: Mon Nov 19, 2012 3:22 pm Post subject: |
|
|
psalm wrote: | vinay28 wrote: | I feel accumulation may be going on. |
I have bought Apollo tyres, SunTV, DishTV, hexaware and shriram trans as a hedge.... |
Nov futures or Dec for the above stocks Samji? |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #412 Posted: Mon Nov 19, 2012 3:24 pm Post subject: |
|
|
taxmann50 wrote: | psalm wrote: | vinay28 wrote: | I feel accumulation may be going on. |
I have bought Apollo tyres, SunTV, DishTV, hexaware and shriram trans as a hedge.... |
Nov futures or Dec for the above stocks Samji? |
NOV itself.... |
|
Back to top |
|
|
SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
|
Post: #413 Posted: Mon Nov 19, 2012 3:32 pm Post subject: |
|
|
psalm wrote: | taxmann50 wrote: | psalm wrote: | vinay28 wrote: | I feel accumulation may be going on. |
I have bought Apollo tyres, SunTV, DishTV, hexaware and shriram trans as a hedge.... |
Nov futures or Dec for the above stocks Samji? |
NOV itself.... |
Nice, |
|
Back to top |
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #414 Posted: Mon Nov 19, 2012 6:18 pm Post subject: |
|
|
.. |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #415 Posted: Tue Nov 20, 2012 9:21 am Post subject: |
|
|
Trailing stoploss triggered for my Nifty PUTs this morning...thinking about going long in BankNifty with a stop below yesterday's low....waiting for a good opportunity.... |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #416 Posted: Tue Nov 20, 2012 9:25 am Post subject: |
|
|
psalm wrote: | Trailing stoploss triggered for my Nifty PUTs this morning...thinking about going long in BankNifty with a stop below yesterday's low....waiting for a good opportunity.... |
Just bought it....stoploss below 11250....Let's see how this trade goes... ... |
|
Back to top |
|
|
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
|
Post: #417 Posted: Tue Nov 20, 2012 9:34 am Post subject: |
|
|
Presently trend is down but we may see reversal after 11.30 |
|
Back to top |
|
|
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
|
Post: #418 Posted: Tue Nov 20, 2012 9:40 am Post subject: |
|
|
vinay28 wrote: | Presently trend is down but we may see reversal after 11.30 |
why that time |
|
Back to top |
|
|
psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
|
Post: #419 Posted: Tue Nov 20, 2012 9:41 am Post subject: |
|
|
vinay28 wrote: | Presently trend is down but we may see reversal after 11.30 |
Trend wont be on the UP, as long as we trade below the recent highs(5815) I feel.....even the sentiments wont be bullish if we trade below 5630 levels....even if we break above 5630, there are levels of 5690 and 5730.....that means...there are lot of hurdles on the upside, Vinay....it wont be that easy for the market to go up.....anyway, let's wait and see... |
|
Back to top |
|
|
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
|
Post: #420 Posted: Tue Nov 20, 2012 9:44 am Post subject: |
|
|
that's true sam |
|
Back to top |
|
|
|