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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #226  Posted: Wed Jan 11, 2012 7:42 pm Post subject: |
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saw your post late, ajay. My way is up? Yesterday I had posted that 11th and 12th should be down. Considering the bullish sentiment generated by yesterday's rally and your views on momentum, I have the consolation that nifty closed only a few points up i.e. with -ve sentiment. Your big mobe did not come.
I am actually short from 4870 (bought puts) yesterday and carrying. Hoping to make some money. europe was down after we closed so were us futures. Add to that danger of a coup in pakistan and sgx nifty was 4846 when I saw last, made a low of 4830. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #227 Posted: Wed Jan 11, 2012 7:45 pm Post subject: |
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saw your post late, ajay. My way is up? Yesterday I had posted that 11th and 12th should be down. Considering the bullish sentiment generated by yesterday's rally and your views on momentum, I have the consolation that nifty closed only a few points up i.e. with -ve sentiment. Your big mobe did not come.
I am actually short from 4870 (bought puts) yesterday and carrying. Hoping to make some money. europe was down after we closed so were us futures. Add to that danger of a coup in pakistan and sgx nifty was 4846 when I saw last, made a low of 4830. |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #228 Posted: Wed Jan 11, 2012 8:04 pm Post subject: |
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Vinay the main reason our market aka nifty did not make that 'big move' is because domestic institutions are selling - braking the momentum.
Notwithstanding the news and European indices, data points to another rise tomorrow ( with the rider of bad results) because DII selling was well absorbed by the FII.
Anyways , we need to be agile and disciplined due to risk aversion sentiment. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #229 Posted: Wed Jan 11, 2012 8:06 pm Post subject: |
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| yes sir! |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #230 Posted: Wed Jan 11, 2012 8:09 pm Post subject: |
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You......Vinay.....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #231 Posted: Thu Jan 12, 2012 9:37 am Post subject: Bank Nifty |
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| psalm wrote: | | 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. |
Those who are holding BankNifty can have the stoploss modified to comfortable levels according to their risk appetite. I'll be modifying it to 8650...just around my cost..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #232 Posted: Thu Jan 12, 2012 12:20 pm Post subject: |
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ajay/rk - booked half of my shorts around 4825!  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #233 Posted: Thu Jan 12, 2012 12:38 pm Post subject: Nifty position |
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| Bought Nifty around 4820 (spot) a while ago....Will be buying again, if it comes to 4780 or around that level.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #234 Posted: Thu Jan 12, 2012 12:40 pm Post subject: |
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| sam, I too am hoping for nifty to go down to 4790 to square off my shorts and buy for tmrw, which I think will be up. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #235 Posted: Thu Jan 12, 2012 12:58 pm Post subject: |
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| vinay28 wrote: | | ajay/rk - booked half of my shorts around 4825! |
Good Vinay!
I too closed my longs at 4870 which were bought at 4705 on 9th when I was confident of Nifty going up due to the strength shown by Indian Rupee despite of $Index gain.
Not yet decided regarding reentry. I am not so regular trader in nifty that too on daily basis.As you know I am a PT  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #236 Posted: Thu Jan 12, 2012 1:01 pm Post subject: |
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| careful, PT will object! |
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opportunist
White Belt
Joined: 27 Apr 2010
Posts: 356
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| Post: #237 Posted: Thu Jan 12, 2012 1:37 pm Post subject: |
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| vinay28 wrote: | | careful, PT will object! |
How do you get a green belt. Just curious. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #238 Posted: Thu Jan 12, 2012 2:02 pm Post subject: |
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| search me! |
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nsinojia
Yellow Belt
Joined: 21 Dec 2009
Posts: 624
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| Post: #239 Posted: Thu Jan 12, 2012 3:27 pm Post subject: |
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nifty a buy target 4933 tomorrow  sl on eod 4807 ns |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #240 Posted: Thu Jan 12, 2012 4:02 pm Post subject: |
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| vinay28 wrote: | | ajay/rk - booked half of my shorts around 4825! |
FIIs seem to be building large positions and absorbing all the DII selling. |
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