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NIFTY VIEW - November |
psalm
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Joined: 12 Nov 2011
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Post: #496  Posted: Wed Nov 21, 2012 10:29 am Post subject: |
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| apka wrote: | | taxmann50 wrote: | | This spike seems like short covering to me, what do others think. |
8 lakh shares added in nifty futures.. buying happened. |
Yup....some sort of buying has happened...but will this be sustainable??...that's another question...let's wait and see... |
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SP50
Brown Belt
Joined: 26 Nov 2010
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| Post: #497 Posted: Wed Nov 21, 2012 10:31 am Post subject: |
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| psalm wrote: | | apka wrote: | | taxmann50 wrote: | | This spike seems like short covering to me, what do others think. |
8 lakh shares added in nifty futures.. buying happened. |
Yup....some sort of buying has happened...but will this be sustainable??...that's another question...let's wait and see... |
It will sustain if Europe rallys too. |
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apka
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Joined: 13 Dec 2011
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| Post: #498 Posted: Wed Nov 21, 2012 10:31 am Post subject: |
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| psalm wrote: | | apka wrote: | | taxmann50 wrote: | | This spike seems like short covering to me, what do others think. |
8 lakh shares added in nifty futures.. buying happened. |
Yup....some sort of buying has happened...but will this be sustainable??...that's another question...let's wait and see... |
yesterday some nifty 50 stocks like LT, hindalco, relinfra, SBIN, tisco, rcom as per my chart hit their bottoms.. and so did nifty as per chart.. so maybe time being buying.. rest depend upon europe now.
dollar index is rising and INR 55.35 touched.. so more depreciation and it wont be sustainable then. |
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apka
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| Post: #499 Posted: Wed Nov 21, 2012 10:32 am Post subject: |
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| psalm wrote: | APKA....GREEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEN  ....Congrats.....  |
ello ello was annoying me  |
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vinay28
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Joined: 24 Dec 2010
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| Post: #500 Posted: Wed Nov 21, 2012 10:35 am Post subject: |
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| 48 above yesterday's low ......... as of now. |
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psalm
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| Post: #501 Posted: Wed Nov 21, 2012 10:37 am Post subject: |
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I'll be waiting for the high made by BankNifty at this hour's (10-11 candl candle.....some kinda confirmation of bullishness will come if we can take out the high of this hour's candle during the day....  |
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apka
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| Post: #502 Posted: Wed Nov 21, 2012 10:39 am Post subject: |
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| vinay28 wrote: | | 48 above yesterday's low ......... as of now. |
8 continous days we have had red candles.. i dont think it has happened this year before ? i would expect an unconditional white candle today. |
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vinay28
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| Post: #503 Posted: Wed Nov 21, 2012 10:40 am Post subject: |
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apka has become hara bhara Qabab!  |
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vinay28
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| Post: #504 Posted: Wed Nov 21, 2012 10:43 am Post subject: |
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| 7 days red in a row for NS, apka. Not since May '11 |
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SP50
Brown Belt
Joined: 26 Nov 2010
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| Post: #505 Posted: Wed Nov 21, 2012 10:44 am Post subject: |
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ICICI bank is going up while Nifty is falling, strange  |
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apka
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| Post: #506 Posted: Wed Nov 21, 2012 10:44 am Post subject: |
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ok. thanks for checking.
lol @ hara bhara qabab |
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psalm
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| Post: #507 Posted: Wed Nov 21, 2012 10:49 am Post subject: |
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| vinay28 wrote: | | 7 days red in a row for NS, apka. Not since May '11 |
If you want the market to stop sliding, then pray for at least 2 more DOWN days. As per Demark's TD Sequential Setup, you need at 9 such candle. There are a few conditions to be satisfied though. As per the conditions, Nifty has already have 7 candles...But to fullfill the basic condition, you need at least 2 more down days. After that, one can expect lesser momentum on the downside. In that case, we may be near some bottom. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #508 Posted: Wed Nov 21, 2012 10:51 am Post subject: |
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| lo, ye ayi Qabab me haddi! |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #509 Posted: Wed Nov 21, 2012 10:57 am Post subject: |
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tables turned so fast:
5500ce 1.5 lakh shares addition
5600ce 5 lakh shares addition
5700ce 2.75 lakh shares addition
5400pe 4.75 lakh shares addition
5500pe 9.25 lakh shares addition
5600pe 14.15 lakh shares addition |
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psalm
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Joined: 12 Nov 2011
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| Post: #510 Posted: Wed Nov 21, 2012 11:08 am Post subject: |
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| BankNifty may test 11490-11500 range with levels around 11445 giving some slight resistance....while 11365-11355 range and 11300 could provide reasonable support on the downside..... |
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