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NIFTY VIEW - November |
vinay28
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Joined: 24 Dec 2010
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Post: #601  Posted: Fri Nov 23, 2012 1:20 pm Post subject: |
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sam, internet problem does NOT affect keyboard.  |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #602 Posted: Fri Nov 23, 2012 1:30 pm Post subject: |
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| apka wrote: | 5700ce 95 lakh total OI now.. 13 lakh added. all puts shedding OI. 5600pe shedded 7 lakh shares.
world markets up since 4 days, dollar index negative, euro up, hang seng +200... but INR continous depreciating and touched 55.52 .. not understanding. |
This data is worrysome as nothing in sync. |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #603 Posted: Fri Nov 23, 2012 1:31 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | pkholla wrote: | | psalm wrote: | The market is trading around 5715 at this point of time. It has reasonable support in the range 5715-5708. I still feel that we're heading for 5660-5670? range. So, there is nothing wrong in buying Nifty around these levels or if it comes down further with a tight stoploss or else a stoploss below 5590?. Let's wait and see how the market behaves in the second half of the day....  |
Sam, please correct your typos above. Thanks in advance, Prakash Holla |
hahaha...sorry for replying late, Prakash....I'm having some issues with my internet connection......By the way, sorry for the typo ....it was not 5715...it was 5615...and the range I mentioned was not 5715-5708....its 5615-5608.....  |
Samji any chance of Nifty breaking previous week's low and closing below that, |
Chances of closing below 5560 are pretty less, Taxmann....anyway, let's wait and watch....  ... |
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fish10rock
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Joined: 27 Jul 2011
Posts: 9
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| Post: #604 Posted: Fri Nov 23, 2012 1:40 pm Post subject: |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #605 Posted: Fri Nov 23, 2012 1:43 pm Post subject: |
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| fish10rock wrote: | |
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fish10rock
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| Post: #606 Posted: Fri Nov 23, 2012 1:49 pm Post subject: |
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| Chances of closing below 5560 are pretty less, Taxmann....anyway, let's wait and watch.... ... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #607 Posted: Fri Nov 23, 2012 1:52 pm Post subject: |
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| fish10rock wrote: | | Chances of closing below 5560 are pretty less, Taxmann....anyway, let's wait and watch.... ... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #608 Posted: Fri Nov 23, 2012 1:55 pm Post subject: |
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| Exited my BankNifty position when the index went below 11425....only Nifty calls remaining.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #609 Posted: Fri Nov 23, 2012 1:57 pm Post subject: |
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| psalm wrote: | | Exited my BankNifty position when the index went below 11425....only Nifty calls remaining.... |
Samji did u exit those 5700 puts u had bought for 30? |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #610 Posted: Fri Nov 23, 2012 2:05 pm Post subject: |
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guys wait after 2.30 to know the trend.
Sam, SL for bank nifty was 11200 I feel |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #611 Posted: Fri Nov 23, 2012 2:06 pm Post subject: |
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| Looking at the way ICICI Bank traded today it looks like fall over and we will go up again today |
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psalm
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| Post: #612 Posted: Fri Nov 23, 2012 2:19 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Exited my BankNifty position when the index went below 11425....only Nifty calls remaining.... |
Samji did u exit those 5700 puts u had bought for 30? |
The TSL of those PUTs got triggered a few days back itself, Taxmann...around 5600 levels.... ... |
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psalm
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Joined: 12 Nov 2011
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| Post: #613 Posted: Fri Nov 23, 2012 2:20 pm Post subject: |
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| vinay28 wrote: | guys wait after 2.30 to know the trend.
Sam, SL for bank nifty was 11200 I feel |
Yes, Vinay....11200 is the proper stop....but I'm not ready to take that risk at this point of time, as I'm not that bullish..... ...I have plans to SELL BankNifty below 11300.....  ...Let's see how it goes... |
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psalm
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Joined: 12 Nov 2011
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| Post: #614 Posted: Fri Nov 23, 2012 2:34 pm Post subject: |
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| psalm wrote: | | vinay28 wrote: | guys wait after 2.30 to know the trend.
Sam, SL for bank nifty was 11200 I feel |
Yes, Vinay....11200 is the proper stop....but I'm not ready to take that risk at this point of time, as I'm not that bullish..... ...I have plans to SELL BankNifty below 11300..... ...Let's see how it goes... |
I'll buy BankNifty again if it breaks above 11570. At the same time, will sell it if it breaks below 11300. Let's see which happens first...... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #615 Posted: Fri Nov 23, 2012 2:39 pm Post subject: |
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| I think German Business confidence data came in better than expected. |
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