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Nifty View |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #181  Posted: Sat Jan 07, 2012 12:40 pm Post subject: |
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no, from what i have heard on TV, it is actuall traded data.
surely confusion prevails amongst "players". Take this example
after the first 10 min, nifty has moved in a range of 8 points but 4800 call (out of the money) has moved within 5 points and 4800 put (in the money) have moved within 3 points. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #182 Posted: Sat Jan 07, 2012 5:37 pm Post subject: |
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| Inflation came down..... RBI and MOF seriously thinking to cut rates. Western markets are poised to move up for a while ...Indian markets are over sold....Then what should happen in short term?!...No predictions offered and..... No prizes for guessing too. |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #183 Posted: Sat Jan 07, 2012 5:58 pm Post subject: |
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For Nifty to move a dose of steroids is required.... where is it coming from? We have seen that our home grown institutions dont seem to have the firepower .
Are the FIIs coming back in full strength ?
Money printing will start in Europe/US? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #184 Posted: Sat Jan 07, 2012 9:00 pm Post subject: |
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since rk is not offering any prizes, i will keep my mouth shut!  |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #185 Posted: Sat Jan 07, 2012 9:04 pm Post subject: |
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| vinay28 wrote: | | since rk is not offering any prizes, i will keep my mouth shut! |
OK! open it. I have a little prize for you |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #186 Posted: Sat Jan 07, 2012 9:10 pm Post subject: |
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to see it in brief, see ajay's thread. I have much more to write but don't have the fire in my belly, only fuel as I write!  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #187 Posted: Mon Jan 09, 2012 10:27 am Post subject: Nifty Outlook |
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The Support for the day exist in the range 4685-4675. Below 4675, expect huge selling pressure. As long as 4680 is held, the market will attract buyers. Breaching 4675 will encourage the Bears for the day. On the upside, 4645 and 4695 will be resistances.
Note: I still maintaining my bearish view as the market has not bee able to break the 4780-4800 levels. However, breaking these levels might open the floodgates for the Bulls. If broken, the first target for the nifty is 4880. However, if the results of the IT companies are good, one can expect 4950 or even 5030. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #188 Posted: Mon Jan 09, 2012 11:57 am Post subject: Bank Nifty |
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| BankNifty has good support at 8300 levels (today's low). One can think of buying (positional) BankNifty around 8300 levels, with Stoploss below 8270. The targets here are 8550-8640. All levels mentioned here are spot prices. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #189 Posted: Tue Jan 10, 2012 10:00 am Post subject: Nifty Outlook |
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| The stop-loss got triggered for all the Short Positions I had. The short-term trend appears to be Bullish. Its better to look for Bullish ideas rather than bearish now. This is what i feel. Once the market closes above 4780, the short term uptrend will be confirmed. However, nothing is certain...Wait and Watch with a slightly bullish outlook. |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #190 Posted: Tue Jan 10, 2012 10:04 am Post subject: |
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4820-4832ns for intraday sl 4777 ns and positional target 4882-4933 ns tsl at 4752 ns  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #191 Posted: Tue Jan 10, 2012 10:08 am Post subject: Re: Bank Nifty |
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| psalm wrote: | | BankNifty has good support at 8300 levels (today's low). One can think of buying (positional) BankNifty around 8300 levels, with Stoploss below 8270. The targets here are 8550-8640. All levels mentioned here are spot prices. |
Bank Nifty has important resistance in the range 8620-8640 (spot levels). Once this level is crossed, there is every chance of testing 9800 levls. However, the first resistance will come around 9400. Since the upside targets are pretty high, watch it carefully. If crossed the resistances with good volumes, you can go for aggressive LONGs, I believe. For a confirmation, you can wait for 8665. |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #192 Posted: Tue Jan 10, 2012 10:09 am Post subject: |
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| nsinojia wrote: | | 4820-4832ns for intraday sl 4777 ns and positional target 4882-4933 ns tsl at 4752 ns |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #193 Posted: Tue Jan 10, 2012 10:11 am Post subject: Thnx |
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| nsinojia wrote: | | 4820-4832ns for intraday sl 4777 ns and positional target 4882-4933 ns tsl at 4752 ns |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #194 Posted: Tue Jan 10, 2012 10:35 am Post subject: |
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| presently I have booked my long carried from yesterday at 4829 NF. As I had said earlier today is up so far. I expect tmrw to be very choppy and difficult. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #195 Posted: Tue Jan 10, 2012 10:38 am Post subject: Re: Bank Nifty |
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| psalm wrote: | | Bank Nifty has important resistance in the range 8620-8640 (spot levels). Once this level is crossed, there is every chance of testing 9800 levls. However, the first resistance will come around 9400. Since the upside targets are pretty high, watch it carefully. If crossed the resistances with good volumes, you can go for aggressive LONGs, I believe. For a confirmation, you can wait for 8665. |
In my view, Bank Nifty has become bullish. Now the trading range will be 8300 on the down side and 9400 on the upside. So, one can buy it around 8550 if it comes there with a Stop loss below 8450 for positional trades. |
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