| View previous topic :: View next topic |
| Author |
Nifty View - October Series 2013 |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
Post: #106  Posted: Mon Oct 07, 2013 6:37 pm Post subject: |
 |
|
| RBI eases liquidity, cuts MSF rate by 50 bps to 9% |
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #107 Posted: Mon Oct 07, 2013 7:03 pm Post subject: |
|
|
| amitagg wrote: | Vinay, axis behaved like a sleeping animal today...would break out....since u fee its up, i guess we can buy ABOVE 1075 spot [today close 1069] for min 1110....[but sideways trade today means it can break down also though lesser possibility....it moved parabolic from 996-1120 and retracing till 50% at 1058....lets see how markets behave...
what should I buy...call which strike or futures....and stop loss |
I don't know why you feel axis behaved like a sleeping animal. Its intraday chart is very interesting. In spite of a block deal due to its problems with Dabhol project (like icici bank), it did not break low of 17/9. I feel the right time to buy was when it crashed in the first 10 min to 1044 as I prefer to trade near the thresholds and I am long. Of course due to belief that it will go up. My targets are 1177/1215/1323. You can buy calls according to your goal.
I suspected from today's movement of axis (and I posted earlier about it also) that it may open gap up tmrw and wipe out all SLs (1120 is a resistance). If rbi has indeed reduced MSF rates (sorry apka, can't find the damn news anywhere and missed it since I left at 3.45 and have just returned), gap up is very much possible. In that case, my decision to sell my calls partly was wrong but better to be safe. It also means break out may take place with a good gap up open. |
|
| Back to top |
|
|
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #109 Posted: Mon Oct 07, 2013 7:56 pm Post subject: |
|
|
merci monseiur! |
|
| Back to top |
|
|
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
|
| Post: #110 Posted: Mon Oct 07, 2013 8:00 pm Post subject: |
|
|
| Really very good understanding between FM and the governor.So Fm will do wonder in the mkt till election. |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #111 Posted: Mon Oct 07, 2013 8:48 pm Post subject: |
|
|
| great thank Vinay...u are early bird...i would still buy above 1120 rgs after watching some price action |
|
| Back to top |
|
|
rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
|
| Post: #112 Posted: Mon Oct 07, 2013 9:51 pm Post subject: |
|
|
Mr Vinay
Market sensed the RBI's move at 10.30 AM itself.. It was crystal clear that something was cookingup in Banking stocks by that time, which I was able to decipher from Market Profile Chart.
Most of the Banking stocks have comeup today from the day's low and tomorrow can gapup due to MSF rate cut and I doubt if Banking stocks can sustain the upmove for next few days. |
|
| Back to top |
|
|
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
|
| Post: #113 Posted: Mon Oct 07, 2013 10:27 pm Post subject: |
|
|
| Axis Bank has formed a CnH in 60 min and daily TFs |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #114 Posted: Tue Oct 08, 2013 9:05 am Post subject: |
|
|
| rameshraja wrote: | Mr Vinay
Market sensed the RBI's move at 10.30 AM itself.. It was crystal clear that something was cookingup in Banking stocks by that time, which I was able to decipher from Market Profile Chart.
Most of the Banking stocks have comeup today from the day's low and tomorrow can gapup due to MSF rate cut and I doubt if Banking stocks can sustain the upmove for next few days. |
yes Mr Raja, that's what I posted earlier about interesting chart of axis. Thanks a lot. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #115 Posted: Tue Oct 08, 2013 9:24 am Post subject: |
|
|
| vinay28 wrote: | | 6200ce high today was 51. 40% of that is about 21. I feel buying it may be a good idea with SL about 18-19. Likely target 60-80. |
first target met!  |
|
| Back to top |
|
|
amitsolanki73
White Belt
Joined: 24 Aug 2013
Posts: 23
|
| Post: #116 Posted: Tue Oct 08, 2013 9:54 am Post subject: |
|
|
There is an IHNS pattern in Nifty spot. As per that the market has already broken out. At the same time it is possible to find a -WW too with a target around 5760. You decide which is good to trade.  |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #117 Posted: Tue Oct 08, 2013 10:52 am Post subject: |
|
|
| intraday, one can go long here with SL 5978NF |
|
| Back to top |
|
|
reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
|
| Post: #118 Posted: Tue Oct 08, 2013 10:58 am Post subject: |
|
|
| vinay28 wrote: | | intraday, one can go long here with SL 5978NF |
Any SL. Bought 6100 CE @97 |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #119 Posted: Tue Oct 08, 2013 11:01 am Post subject: |
|
|
| reemajainiaf wrote: | | vinay28 wrote: | | intraday, one can go long here with SL 5978NF |
Any SL. Bought 6100 CE @97 |
reema, SL is given above in NF. But above suggested trade is for intraday only otherwise we are long in short term, right? Note that SLs for intraday have already been hit on both sides today due to high volatility. |
|
| Back to top |
|
|
reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
|
| Post: #120 Posted: Tue Oct 08, 2013 11:10 am Post subject: |
|
|
| vinay28 wrote: | | reemajainiaf wrote: | | vinay28 wrote: | | intraday, one can go long here with SL 5978NF |
Any SL. Bought 6100 CE @97 |
reema, SL is given above in NF. But above suggested trade is for intraday only otherwise we are long in short term, right? Note that SLs for intraday have already been hit on both sides today due to high volatility. |
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
