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Nifty View - October Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #181  Posted: Thu Oct 30, 2014 9:37 am Post subject: |
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| dollar index crosses 86. RBI should be worried about strong INR. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #182 Posted: Thu Oct 30, 2014 10:07 am Post subject: |
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| Today's target 8143/58NF with 8066 as SL. But 8120 is tough nut to crack. If it doesn't, I am still hoping for 8020/30. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #183 Posted: Thu Oct 30, 2014 11:15 am Post subject: |
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| vinay28 wrote: | | dollar index crosses 86. RBI should be worried about strong INR. |
On longer term charts it shall head towards 91-92 levels |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #184 Posted: Thu Oct 30, 2014 11:27 am Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | dollar index crosses 86. RBI should be worried about strong INR. |
On longer term charts it shall head towards 91-92 levels |
yes 92-93 is my target in less than a year |
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swamy@20
White Belt
Joined: 26 Mar 2012
Posts: 17
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| Post: #185 Posted: Thu Oct 30, 2014 11:30 am Post subject: |
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| vinay i have also bougt 7900 Nov put any SL ? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #186 Posted: Thu Oct 30, 2014 11:43 am Post subject: |
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| swamy@20 wrote: | | vinay i have also bougt 7900 Nov put any SL ? |
for such an OTM option, SL is a bit below 40% of high i.e. below 16 for today. A very tight SL is about 24 but it may be triggered. Looking at it differently, consider 60tf close above 8160NF as another SL or JT's 8175. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #187 Posted: Thu Oct 30, 2014 11:46 am Post subject: |
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| vinay28 wrote: | | Today's target 8143/58NF with 8066 as SL. But 8120 is tough nut to crack. If it doesn't, I am still hoping for 8020/30. |
first target met. |
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swamy@20
White Belt
Joined: 26 Mar 2012
Posts: 17
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| Post: #188 Posted: Thu Oct 30, 2014 12:00 pm Post subject: |
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| Thank u vinay |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #189 Posted: Thu Oct 30, 2014 12:54 pm Post subject: |
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| gambling call - buy 8150pe below 10 and 5. SL 0 and likely target 20-50 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #190 Posted: Thu Oct 30, 2014 12:58 pm Post subject: |
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| NOV 7900 Pe has not lost value despite nifty rising 20 poinsts... is this any indication of buying PE for november |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #191 Posted: Thu Oct 30, 2014 1:02 pm Post subject: |
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| riteshucha wrote: | | NOV 7900 Pe has not lost value despite nifty rising 20 poinsts... is this any indication of buying PE for november |
it is showing short covering/accumulation even though NF went up by almost 14. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #192 Posted: Thu Oct 30, 2014 3:10 pm Post subject: |
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| bearish div gone but -ve div has appeared on daily. of course it can remain for long even as nifty goes up. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #193 Posted: Thu Oct 30, 2014 3:11 pm Post subject: |
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made all time high today..
whats ur take now vinay...
| vinay28 wrote: | Nifty for Thursday (30/10/14)
Supports are at about 8076, 8062, 8034, 7994 and 7966 while resistances are at about 8109, 8126, 8143 and 8150. Unfilled gaps on lower side are at about 8027/7927. Three +WW can give about 8155, 8224 and 8239 (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8046 (once below 8090), 8038/7995 (if below 8100), 8021 (once below 8051) and 7975 (once below 8074) (-WWs with much lower targets are not mentioned as of now).
Nifty rose in spite of big a gap up open and closed just below 8100 and is bullish. However, daily candle is like a hanging man and evening star and we may see some reaction. The bearish div posted earlier will not vanish unless (a) NS goes to 8160 but rsi doesn't cross 62.69 or (b) if rsi crosses 62.69 then NS must cross 8181 i.e. an all time new high. Otherwise further fall seems certain. A close below 7960 can also cause further slide. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, expect intraday volatility and trade carefully. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #194 Posted: Thu Oct 30, 2014 3:16 pm Post subject: |
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| ritesh, nifty went up by 20 from 12.30 high and 7900pe went up 4. I feel 8200NS/8240NF may be max. I am long in 7900pe |
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harsh_85
White Belt
Joined: 06 Nov 2011
Posts: 16
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| Post: #195 Posted: Thu Oct 30, 2014 3:19 pm Post subject: |
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| good to hear vinayji....have sold 8300 ce that too dec...hedging it by buying nfity futures at every imp level.... |
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