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NIFTY VIEW - November |
vinay28
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Joined: 24 Dec 2010
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Post: #691  Posted: Tue Nov 27, 2012 11:56 am Post subject: |
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| today's rally is a good example of FA/SA combination but I wonder how many will agree. |
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SP50
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Joined: 26 Nov 2010
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| Post: #692 Posted: Tue Nov 27, 2012 11:58 am Post subject: |
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| vinay28 wrote: | | today's rally is a good example of FA/SA combination but I wonder how many will agree. |
FA/SA means? full form please vinay |
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vinay28
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| Post: #693 Posted: Tue Nov 27, 2012 12:12 pm Post subject: |
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| fundamental and psychological analysis though latter is refered to as SA and not PA |
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SP50
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| Post: #694 Posted: Tue Nov 27, 2012 12:14 pm Post subject: |
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| vinay28 wrote: | | fundamental and psychological analysis though latter is refered to as SA and not PA |
ok, interesting  |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #695 Posted: Tue Nov 27, 2012 2:16 pm Post subject: |
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| No euphoria in European markets as yet, Greek debt deal was a high orchestrated event I thought !!!! |
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psalm
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| Post: #696 Posted: Tue Nov 27, 2012 2:20 pm Post subject: |
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I had mentioned about Nifty forming an inverted Head and Shoulder yesterday....just see how beautiful the breakout of that pattern was....  ...by the way, as per the pattern the target is around 5710-5715 which has already been achieved...so one must be a be cautious from here onwards.....I feel... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #697 Posted: Tue Nov 27, 2012 2:25 pm Post subject: |
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| psalm wrote: | | I had mentioned about Nifty forming an inverted Head and Shoulder yesterday....just see how beautiful the breakout of that pattern was.... ...by the way, as per the pattern the target is around 5710-5715 which has already been achieved...so one must be a be cautious from here onwards.....I feel... |
Yes nice set up, |
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psalm
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| Post: #698 Posted: Tue Nov 27, 2012 2:40 pm Post subject: |
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Sold BankNifty again now...around 11640....stoploss is " today's high "....will be holding for thursday....its risky though....  |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #699 Posted: Tue Nov 27, 2012 2:48 pm Post subject: |
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| psalm wrote: | | Sold BankNifty again now...around 11640....stoploss is " today's high "....will be holding for thursday....its risky though.... |
One giant of bank nifty slowly waking up (ICICI BANK) been the quietest of performance till now. BEWARE  |
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psalm
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| Post: #700 Posted: Tue Nov 27, 2012 2:55 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Sold BankNifty again now...around 11640....stoploss is " today's high "....will be holding for thursday....its risky though.... |
One giant of bank nifty slowly waking up (ICICI BANK) been the quietest of performance till now. BEWARE |
I know that Taxmann...that's why I said its risky.....I have done that as I have long positions (stocks) in profit which I don't want to exit at this point of time....so, I have already bought NIFTY December PUTs....but i was not comfortable buying BankNifty options...that's why sold the futures....small quantities, because of the risk....if you look at the BankNifty, it is also forming some kinda IHNS....which is a scary thing for short positions...but again, its just for hedging purpose..not as a trading position.... |
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vinay28
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| Post: #701 Posted: Tue Nov 27, 2012 3:03 pm Post subject: |
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| yes icici bank is strong |
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psalm
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| Post: #702 Posted: Tue Nov 27, 2012 3:13 pm Post subject: |
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| I'm a bit skeptic about the market move.....if the market tests 5750...then I'll suggest people to buy PUTs today itself...at least much lower December PUTs....anyway, that's my personal opinion.... |
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SP50
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| Post: #703 Posted: Tue Nov 27, 2012 3:18 pm Post subject: |
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| psalm wrote: | | I'm a bit skeptic about the market move.....if the market tests 5750...then I'll suggest people to buy PUTs today itself...at least much lower December PUTs....anyway, that's my personal opinion.... |
I think 5750 is kept for the gap up on expiry day, |
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psalm
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| Post: #704 Posted: Tue Nov 27, 2012 3:19 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | I'm a bit skeptic about the market move.....if the market tests 5750...then I'll suggest people to buy PUTs today itself...at least much lower December PUTs....anyway, that's my personal opinion.... |
I think 5750 is kept for the gap up on expiry day, |
hahaha....could be...
bought a small quantity of 5700 NOV PUTs....around 9...... ....just for fun... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #705 Posted: Tue Nov 27, 2012 3:36 pm Post subject: |
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"...bought a small quantity of 5700 NOV PUTs....around 9...... ....just for fun..."
Is this your idea of fun?
Anyway, I am hedged. I feel NS will come down to 5710 before closing above 5767. |
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