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NIFTY VIEW - November |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #541 Posted: Wed Nov 21, 2012 1:55 pm Post subject: |
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somebody giving the message -- RBI goverenor: Inflation rates have come down for lower int rate
just last week RBI said inflation still high to cut rates... what the |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #542 Posted: Wed Nov 21, 2012 1:58 pm Post subject: |
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apka wrote: | somebody giving the message -- RBI goverenor: Inflation rates have come down for lower int rate
just last week RBI said inflation still high to cut rates... what the |
Which Tv channel is giving these info? I told u guys yesterday that some court summoned Subba on 2G case, this turn of thoughts seems to be the outcome |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #543 Posted: Wed Nov 21, 2012 1:58 pm Post subject: |
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not subbu but dy gov. That's why I posted last week that rate cut may come before Jan, the scheduled month |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #544 Posted: Wed Nov 21, 2012 2:01 pm Post subject: |
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apka wrote: | somebody giving the message -- RBI goverenor: Inflation rates have come down for lower int rate
just last week RBI said inflation still high to cut rates... what the |
Inflation has eased for sure...but I dont knw if it is still below RBI's comfort levels...anyway, the chances of a rate cut is higher than ever now.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #545 Posted: Wed Nov 21, 2012 3:03 pm Post subject: |
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vinay28 wrote: | while nifty can go down to as much as 5400 (5445) considering winter session of parliament, europe issues, west asia tension, etc., I won't be surprised if there is a sudden surge. e.g. a mere 40-60 point rise tmrw and then huge gap up on thursday and then all the way to 5730. Or tmrw itself could be a big bullish candle.
I feel the present trend may just a be reaction now that corporate results are behind us. |
Almost 40 above yesterday's close! Now to see where it goes from here. 5630-40 is a good resistance and whether it is taken out with a gap up tmrw. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #546 Posted: Wed Nov 21, 2012 3:13 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | while nifty can go down to as much as 5400 (5445) considering winter session of parliament, europe issues, west asia tension, etc., I won't be surprised if there is a sudden surge. e.g. a mere 40-60 point rise tmrw and then huge gap up on thursday and then all the way to 5730. Or tmrw itself could be a big bullish candle.
I feel the present trend may just a be reaction now that corporate results are behind us. |
Almost 40 above yesterday's close! Now to see where it goes from here. 5630-40 is a good resistance and whether it is taken out with a gap up tmrw. |
I hold a few position in BankNifty and some Nifty CALLs....my position is clear now....Nifty is a sell below 5548 and BankNifty is a SELL below today's low (if Banknifty doesn't break above 11492 on the upside today)......if any of these levels get broken, then I'll sell my positions and will go SHORT... |
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vishyvaranasi Green Belt
Joined: 11 Jul 2011 Posts: 1159
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Post: #547 Posted: Wed Nov 21, 2012 3:19 pm Post subject: |
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psalm wrote: | vinay28 wrote: | vinay28 wrote: | while nifty can go down to as much as 5400 (5445) considering winter session of parliament, europe issues, west asia tension, etc., I won't be surprised if there is a sudden surge. e.g. a mere 40-60 point rise tmrw and then huge gap up on thursday and then all the way to 5730. Or tmrw itself could be a big bullish candle.
I feel the present trend may just a be reaction now that corporate results are behind us. |
Almost 40 above yesterday's close! Now to see where it goes from here. 5630-40 is a good resistance and whether it is taken out with a gap up tmrw. |
I hold a few position in BankNifty and some Nifty CALLs....my position is clear now....Nifty is a sell below 5548 and BankNifty is a SELL below today's low (if Banknifty doesn't break above 11492 on the upside today)......if any of these levels get broken, then I'll sell my positions and will go SHORT... |
Sam,
Coincidence or wat u had mentioned abt lvl of 11492 on Banknifty and it had broken that now.
Vishy |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #548 Posted: Wed Nov 21, 2012 3:22 pm Post subject: |
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vishyvaranasi wrote: | psalm wrote: | vinay28 wrote: | vinay28 wrote: | while nifty can go down to as much as 5400 (5445) considering winter session of parliament, europe issues, west asia tension, etc., I won't be surprised if there is a sudden surge. e.g. a mere 40-60 point rise tmrw and then huge gap up on thursday and then all the way to 5730. Or tmrw itself could be a big bullish candle.
I feel the present trend may just a be reaction now that corporate results are behind us. |
Almost 40 above yesterday's close! Now to see where it goes from here. 5630-40 is a good resistance and whether it is taken out with a gap up tmrw. |
I hold a few position in BankNifty and some Nifty CALLs....my position is clear now....Nifty is a sell below 5548 and BankNifty is a SELL below today's low (if Banknifty doesn't break above 11492 on the upside today)......if any of these levels get broken, then I'll sell my positions and will go SHORT... |
Sam,
Coincidence or wat u had mentioned abt lvl of 11492 on Banknifty and it had broken that now.
Vishy |
Vishy I was mentioning spot...not future.... ...by the way, nothing much will happen even if 11492 is broken....in that case, my stoploss will remain Monday's low instead of today's low... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #549 Posted: Wed Nov 21, 2012 3:47 pm Post subject: |
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on my chart we took support again from the earlier trendline from 4800 and have breached the daily falling channel and also closed above it. So we should test 5660-5665 again. |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #550 Posted: Wed Nov 21, 2012 3:50 pm Post subject: |
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apka wrote: | on my chart we took support again from the earlier trendline from 4800 and have breached the daily falling channel and also closed above it. So we should test 5660-5665 again. |
True, and nifty should not close below this TL in coming days or else more shorting would attract. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #551 Posted: Wed Nov 21, 2012 7:01 pm Post subject: |
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which falling channel, apka? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #552 Posted: Wed Nov 21, 2012 9:36 pm Post subject: |
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vinay28 wrote: | which falling channel, apka? |
attached |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #553 Posted: Wed Nov 21, 2012 10:04 pm Post subject: |
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that's just a TL apka. There is no falling channel. At least nifty closed above TL |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #554 Posted: Wed Nov 21, 2012 11:18 pm Post subject: |
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its there in my previous chart actually, small channel. Chart as on 19-11-2012. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #555 Posted: Thu Nov 22, 2012 8:59 am Post subject: |
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apka wrote: | on my chart we took support again from the earlier trendline from 4800 and have breached the daily falling channel and also closed above it. So we should test 5660-5665 again. |
5650-5665 area look crucial to me as well....the market will face reasonable resistance around 5662-63 I feel...I'll be exiting my Nifty CALLs around those levels if we reach there today......then I'm planning to BUY 5600 DEC PUTs....and 5500 NOV PUTs.....
Similarly, I'll be modifying the stoploss of my BankNifty position to just below 11350...However, if the index breaks above 11515, I'll be modifying again to just below 11425....and if the BankNifty is able to break above 11600 levels, I'll modify it to just below 11500 levels....Having said that, if the index breaks below 11300 (looks really unlikely today), I'll even start Shorting the index...
NOTE: I'm just being cautious here...that's why thinking about exiting my LONGs or initiating SHORTs....I wont be surprised if the market continues this upmove for a few more days....but I'll suggest you to be a bit cautious (BULLs or BEARs).....Let's wait and see how the market goes from here.... |
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