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Nifty View - September Series 2013 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #376 Posted: Thu Sep 19, 2013 10:16 am Post subject: |
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pkholla wrote: | VINAY! Consistent posts since NF 5100 that market is likely to zoom to 6000+, 6100+, ? Tusi great ho!
Real Kali Yug going on if we need to hear that Big Ben is NOT cutting down QE, for our market to zoom. Smoke and Mirrors?
I am making 3 positional contributions today to my Friday happy hours kitty! Axis Bank, HDFC, HDFC Bank. If more I will update!
3 cheers to Bennie AND Vinay!
Prakash Holla |
danke prakash. now is the time to be cautious and wise. I have bought small 5400pe for oct even as I hold 900ce for ril. If ril is going to go to 910/25/55 then many other large caps will have to fall for nifty not to go up. At the same time, if 6094 is crossed, we still have a good chance for .........
Otherwise, from view point of deficits, earning growth, investment, etc., nothing looks good except liquidity. let's see what "dose" Raghu gives us tmrw. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #377 Posted: Thu Sep 19, 2013 10:21 am Post subject: |
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vix fell to first target of sub 24 level. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #378 Posted: Thu Sep 19, 2013 10:21 am Post subject: |
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rk_a2003 wrote: | well I went short at 6157 october Future.SL 6230 NS.Reasons later. |
I have 6210 spot in mind, if crosses I will exit the 1 oct short in loss and trgt opens for 6900. |
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amitsolanki73 White Belt
Joined: 24 Aug 2013 Posts: 23
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Post: #379 Posted: Thu Sep 19, 2013 10:36 am Post subject: |
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apka wrote: | rk_a2003 wrote: | well I went short at 6157 october Future.SL 6230 NS.Reasons later. |
I have 6210 spot in mind, if crosses I will exit the 1 oct short in loss and trgt opens for 6900. |
sell on all rallies towards 6160 NS. 5700-5650 NS might be the target by next tuesday or wednesday. Stoploss is above 6170 CC on daily chart. That is my strategy. cmp 6070 NS |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #380 Posted: Thu Sep 19, 2013 11:04 am Post subject: |
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some banks have gone up 60-80% in dollar terms since the low in August.
Volume already >1 lac cr by 11am. |
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rrk2006hyd Yellow Belt
Joined: 13 Oct 2010 Posts: 874
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Post: #381 Posted: Thu Sep 19, 2013 11:34 am Post subject: |
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buy order placed for OCT nifty 6100PE ,50@150 |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #382 Posted: Thu Sep 19, 2013 12:01 pm Post subject: |
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amitsolanki73 wrote: | apka wrote: | rk_a2003 wrote: | well I went short at 6157 october Future.SL 6230 NS.Reasons later. |
I have 6210 spot in mind, if crosses I will exit the 1 oct short in loss and trgt opens for 6900. |
sell on all rallies towards 6160 NS. 5700-5650 NS might be the target by next tuesday or wednesday. Stoploss is above 6170 CC on daily chart. That is my strategy. cmp 6070 NS |
Any reasoning or analysis behind this or just feeling
Share reason/analysis, if any |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #383 Posted: Thu Sep 19, 2013 12:17 pm Post subject: |
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saumya, I hereby order you to post Japanese weather report every weekend! |
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amitsolanki73 White Belt
Joined: 24 Aug 2013 Posts: 23
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Post: #384 Posted: Thu Sep 19, 2013 12:25 pm Post subject: |
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saumya12 wrote: | amitsolanki73 wrote: | apka wrote: | rk_a2003 wrote: | well I went short at 6157 october Future.SL 6230 NS.Reasons later. |
I have 6210 spot in mind, if crosses I will exit the 1 oct short in loss and trgt opens for 6900. |
sell on all rallies towards 6160 NS. 5700-5650 NS might be the target by next tuesday or wednesday. Stoploss is above 6170 CC on daily chart. That is my strategy. cmp 6070 NS |
Any reasoning or analysis behind this or just feeling
Share reason/analysis, if any |
Saumya I do employ a few methods for coming towards technical levels and trades. For example, the major method I follow gave resistance around 6110 CC in daily charts while a few other methods (which I consult for confirmation) revealed high probable resistance area closer to 6170. So I have decided that 6170 is a good stoploss for any SHORT positions though I could have opted for the recent high of 6230. Similarly, the trade is attractive in terms of risk:reward also (risking around 100 point of so for a target of 400 or higher). I have bought 6000 PUTs OCT this morning for this trade. I have opted for the PUTs because I'm worried about the huge gap-up opening like the one we have had today. Buying PUTs means I can sleep peacefully. By the way, many were disclosing their trades and strategies here. That is why thought about posting my strategy too. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #385 Posted: Thu Sep 19, 2013 12:38 pm Post subject: |
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6094 crossed. now what? |
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amitsolanki73 White Belt
Joined: 24 Aug 2013 Posts: 23
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Post: #386 Posted: Thu Sep 19, 2013 12:56 pm Post subject: |
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vinay28 wrote: | saumya, I hereby order you to post Japanese weather report every weekend! |
Vinayji Nifty IKH Chart is here. I can't see much weakness there. In fact, it is looking bullish with IKH |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #387 Posted: Thu Sep 19, 2013 12:58 pm Post subject: |
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amitsolanki73 wrote: | vinay28 wrote: | saumya, I hereby order you to post Japanese weather report every weekend! |
Vinayji Nifty IKH Chart is here. I can't see much weakness there. In fact, it is looking bullish with IKH |
thanks a lot amit but I would also welcome saumya's jargon e.g. tokyo cloud line is above london cloud line, etc.
Last edited by vinay28 on Thu Sep 19, 2013 1:14 pm; edited 1 time in total |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #388 Posted: Thu Sep 19, 2013 1:09 pm Post subject: |
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amitsolanki73 wrote: | saumya12 wrote: | amitsolanki73 wrote: | apka wrote: | rk_a2003 wrote: | well I went short at 6157 october Future.SL 6230 NS.Reasons later. |
I have 6210 spot in mind, if crosses I will exit the 1 oct short in loss and trgt opens for 6900. |
sell on all rallies towards 6160 NS. 5700-5650 NS might be the target by next tuesday or wednesday. Stoploss is above 6170 CC on daily chart. That is my strategy. cmp 6070 NS |
Any reasoning or analysis behind this or just feeling
Share reason/analysis, if any |
Saumya I do employ a few methods for coming towards technical levels and trades. For example, the major method I follow gave resistance around 6110 CC in daily charts while a few other methods (which I consult for confirmation) revealed high probable resistance area closer to 6170. So I have decided that 6170 is a good stoploss for any SHORT positions though I could have opted for the recent high of 6230. Similarly, the trade is attractive in terms of risk:reward also (risking around 100 point of so for a target of 400 or higher). I have bought 6000 PUTs OCT this morning for this trade. I have opted for the PUTs because I'm worried about the huge gap-up opening like the one we have had today. Buying PUTs means I can sleep peacefully. By the way, many were disclosing their trades and strategies here. That is why thought about posting my strategy too. |
Amit, thanks for details.
Will discuss more in the evening.
But you didnt reply, how you arrived at, your target you mentioned for Tue and Wed. |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #389 Posted: Thu Sep 19, 2013 1:12 pm Post subject: |
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vinay28 wrote: | saumya, I hereby order you to post Japanese weather report every weekend! |
Ok. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #390 Posted: Thu Sep 19, 2013 1:40 pm Post subject: |
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likely levels today - 6162/82/6202 NF. |
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