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NIFTY VIEW - November |
psalm
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Joined: 12 Nov 2011
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Post: #751  Posted: Thu Nov 29, 2012 2:01 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Dec Futures have support in the range 5830-5814, I believe...below this range, the market could be pretty weak....Let's wait and see... |
That means likelyhood of 5780 spot expiry. |
I'm not talking about Expiry, Taxmann.....I have no idea what the Expiry will be...but level around 5780 (spot) is where I see support.....below that anything can be possible...but as of now, the market doesn't have any weakness...so, its anybody's guess...  |
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SP50
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| Post: #752 Posted: Thu Nov 29, 2012 2:05 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | Dec Futures have support in the range 5830-5814, I believe...below this range, the market could be pretty weak....Let's wait and see... |
That means likelyhood of 5780 spot expiry. |
I'm not talking about Expiry, Taxmann.....I have no idea what the Expiry will be...but level around 5780 (spot) is where I see support.....below that anything can be possible...but as of now, the market doesn't have any weakness...so, its anybody's guess... |
Right,  |
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vinay28
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Joined: 24 Dec 2010
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| Post: #753 Posted: Thu Nov 29, 2012 2:12 pm Post subject: |
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| ok sam 70-80 below that. |
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SP50
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| Post: #754 Posted: Thu Nov 29, 2012 2:18 pm Post subject: |
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Now lets see what happens after 2.30pm now that its no show on offer  |
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psalm
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| Post: #755 Posted: Thu Nov 29, 2012 2:21 pm Post subject: |
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| vinay28 wrote: | | ok sam 70-80 below that. |
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vinay28
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| Post: #756 Posted: Thu Nov 29, 2012 2:24 pm Post subject: |
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| gamblers can buy 5800ce/pe once below 3 (if they come there) and forget it. If expiry seems to be happening "in the money" for any of them or if in profit, book before 3.30 to avoid excess tax. |
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psalm
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| Post: #757 Posted: Thu Nov 29, 2012 2:49 pm Post subject: |
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| BankNifty almost achieved the target I have mentioned in the morning....11900...the high made is around 11895.... |
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SP50
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| Post: #758 Posted: Thu Nov 29, 2012 2:51 pm Post subject: |
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I think it will take some time for bears to realise what happened in last 3-4 days before they can regroup, bears r literally under the bull stampede  |
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vinay28
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| Post: #759 Posted: Thu Nov 29, 2012 2:53 pm Post subject: |
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| sam, banknifty is stronger than nifty |
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psalm
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| Post: #760 Posted: Thu Nov 29, 2012 2:58 pm Post subject: |
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| vinay28 wrote: | | sam, banknifty is stronger than nifty |
It is evident from the performance, isn't it?....I have no doubt about that...Vinay..  |
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psalm
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| Post: #761 Posted: Thu Nov 29, 2012 2:58 pm Post subject: |
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| taxmann50 wrote: | | I think it will take some time for bears to realise what happened in last 3-4 days before they can regroup, bears r literally under the bull stampede |
Last day I had sold BankNifty and bought PUTs only to hedge my LONG positions. I have started selling seriously only this morning. But I'm feeling the heat, Taxmann. So, I can understand if somebody was short a few days back itself. But again, this is the testing time. If they can hold their nerves, then there could be so much for the taking. Who knows. Fingers crossed. |
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SP50
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Joined: 26 Nov 2010
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| Post: #762 Posted: Thu Nov 29, 2012 3:02 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | I think it will take some time for bears to realise what happened in last 3-4 days before they can regroup, bears r literally under the bull stampede |
Last day I had sold BankNifty and bought PUTs only to hedge my LONG positions. I have started selling seriously only this morning. But I'm feeling the heat, Taxmann. So, I can understand if somebody was short a few days back itself. But again, this is the testing time. If they can hold their nerves, then there could be so much for the taking. Who knows. Fingers crossed. |
I can understand that, you r not alone, I m with you. |
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vinay28
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| Post: #763 Posted: Thu Nov 29, 2012 3:02 pm Post subject: |
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| 2012 high |
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vinay28
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Posts: 11748
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| Post: #764 Posted: Thu Nov 29, 2012 3:10 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | vinay28 wrote: | | expiry may be 5850 also |
I expect it 80 to 100 points below that.... |
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I hope this is close enough? |
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psalm
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| Post: #765 Posted: Thu Nov 29, 2012 3:15 pm Post subject: |
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| vinay28 wrote: | | taxmann50 wrote: | | psalm wrote: | | vinay28 wrote: | | expiry may be 5850 also |
I expect it 80 to 100 points below that.... |
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I hope this is close enough? |
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