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NIFTY VIEW - November |
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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Post: #76  Posted: Tue Nov 06, 2012 10:00 pm Post subject: |
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Looks like a gap up opening tomorrow which will clearly take out 5730 early, banks were strong closer to the end of the day which is bad news for bears, bears will have to wait I guess for some time may be post Diwali, well let's see  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #77 Posted: Tue Nov 06, 2012 11:54 pm Post subject: |
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| taxmann50 wrote: | | Looks like a gap up opening tomorrow which will clearly take out 5730 early, banks were strong closer to the end of the day which is bad news for bears, bears will have to wait I guess for some time may be post Diwali, well let's see |
the rise is in anticipation of the results. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #78 Posted: Wed Nov 07, 2012 9:40 am Post subject: |
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A tough fight going on.
Market favours whom and why.
Perhaps Obama. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #79 Posted: Wed Nov 07, 2012 9:43 am Post subject: |
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| saumya12 wrote: | A tough fight going on.
Market favours whom and why.
Perhaps Obama. |
Market clearly favours Obama, I feel....but the economy might favour Romney....Anyway, all the indications are pointing to Majority for the Democrats both in the presidential and importantly in the Senate elections....which could promt the market to go higher once the results are clear, I feel...anyway, let's wait and see who the events unfold there in the U.S...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #80 Posted: Wed Nov 07, 2012 9:47 am Post subject: |
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| Though the next important resistance is around 5753 today, I've exited my SHORTs just now at 5738....and bought 5700 PUTs...its better riskwise, I feel.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #81 Posted: Wed Nov 07, 2012 9:52 am Post subject: |
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| i guess clear winner was more important and obama has won comfortably |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #82 Posted: Wed Nov 07, 2012 9:57 am Post subject: |
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| apka wrote: | | i guess clear winner was more important and obama has won comfortably |
Look at the Dollar index....crashing...  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #83 Posted: Wed Nov 07, 2012 10:01 am Post subject: |
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| psalm wrote: | | apka wrote: | | i guess clear winner was more important and obama has won comfortably |
Look at the Dollar index....crashing... |
Samji have you gone long on anything after you exited the shorts, |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #84 Posted: Wed Nov 07, 2012 10:08 am Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | apka wrote: | | i guess clear winner was more important and obama has won comfortably |
Look at the Dollar index....crashing... |
Samji have you gone long on anything after you exited the shorts, |
I wont go long in Nifty as long as we're below 5830 or atleast the highs made recently...will go long only if we sustains above 5830 levels...Having said that I have plans to go LONG in stocks if the market comes around 5675-5650 range.....we may test 5785 or even 5865 in the next few days, I feel.....let's see... |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #85 Posted: Wed Nov 07, 2012 11:08 am Post subject: |
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Nifty Fut moving sideways' (keeping quiet)
Kya yeh toofan se pehle ki shanti hai.
(Is it a signal of an hurricane) |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #86 Posted: Wed Nov 07, 2012 11:10 am Post subject: |
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| saumya12 wrote: | Nifty Fut moving sideways' (keeping quiet)
Kya yeh toofan se pehle ki shanti hai.
(Is it a signal of an hurricane) |
Its nifty which is quiet but look at JP and SBI, they have been flying high for last 1 hr  |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #87 Posted: Wed Nov 07, 2012 11:18 am Post subject: |
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| i'll mostly square off my puts today.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #88 Posted: Wed Nov 07, 2012 11:24 am Post subject: |
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| taxmann50 wrote: | | saumya12 wrote: | Nifty Fut moving sideways' (keeping quiet)
Kya yeh toofan se pehle ki shanti hai.
(Is it a signal of an hurricane) |
Its nifty which is quiet but look at JP and SBI, they have been flying high for last 1 hr |
4 more years for Obama means Bernanke will still be there at the top of FED....good for the markets???....that's what the popular belief...will this create another buying spree supported by the liquidity???....one will have to wait and watch....there could be another leg of the rally that was anticipated....there is good CHANCE for that now....this could be THAT leg where one might see euphoria.....just some anticipation.... ...this is the best case scenario for the global markets as far as I could think....  ...
For worst case scenario reasons, there are a lot of to mention...one will be coming soon in the form of Greece..... ....Let's see whether the markets can survive "these storms" and go up further.... |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #89 Posted: Wed Nov 07, 2012 11:25 am Post subject: |
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| taxmann50 wrote: | | saumya12 wrote: | Nifty Fut moving sideways' (keeping quiet)
Kya yeh toofan se pehle ki shanti hai.
(Is it a signal of an hurricane) |
Its nifty which is quiet but look at JP and SBI, they have been flying high for last 1 hr |
JP and SBI received a good beating previously in last 10 days, so flying high.
But what about Nifty, keeping quiet, even after US election result. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #90 Posted: Wed Nov 07, 2012 11:29 am Post subject: |
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| I closed my shorts around 5773 NF and went long but I want to be careful around 5803/06 |
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