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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #346 Posted: Tue Jan 24, 2012 12:07 pm Post subject: Re: Bank Nifty |
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psalm wrote: | psalm wrote: | psalm wrote: | psalm wrote: | psalm wrote: | 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..... |
I'm modifying the stoploss of my BankNifty Fut positions to just below 8950....I expect some profit booking around 9100....At the same time, I'm still holding for 9400..... |
Hi,
Those who are holding the BANKNIFTY stocks.....please watch out for the level 9400....there could be resistance....Try to book partial profit around those levels.....
Regards,
Sam |
WOW...Bank Nifty at 9500!!!....up by around 3.5%......
Looks like BankNifty will test 9800....if thats the case, Nifty will test 5150-5160.....I believe...
Regards,
Sam |
Bank Nifty has gone up by around 1000 points from the time of its breakout around 8660. So, one can expect some profit booking. Be careful. At the same time, I still expect it to test 9800 levels.
Regards,
Sam |
Hi All,
All the targets achieved. BankNifty is trading around 9820 now. THE CALL IS CLOSED. I expect the BankNifty to face resistance in the range 9850-9950 levels...In fact, I have already have SHORT positions in BankNifty.
Note: Pls check the charts yourself before making any decisions. My opinion might prove to be wrong.
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #347 Posted: Tue Jan 24, 2012 12:15 pm Post subject: |
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veerappan's no. 5133 has come |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #348 Posted: Tue Jan 24, 2012 12:48 pm Post subject: Nifty Update |
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Hi All,
There is nothing wrong in buying Nifty PUTs here.....I guess....dont need to buy in big quantities....but in small quantities...The market looks exhausted. I still dont' believe that the market will close above 5065.
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #349 Posted: Tue Jan 24, 2012 12:51 pm Post subject: |
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bought 5100 puts at 5135 |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #350 Posted: Tue Jan 24, 2012 12:55 pm Post subject: Re: Nifty Update |
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psalm wrote: | Hi All,
There is nothing wrong in buying Nifty PUTs here.....I guess....dont need to buy in big quantities....but in small quantities...The market looks exhausted. I still dont' believe that the market will close above 5065.
Regards,
Sam |
hi............
wt u wants to say??............to day NF will cole below 5065??........pls reply
thanks
anand |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #351 Posted: Tue Jan 24, 2012 12:57 pm Post subject: |
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vinay28 wrote: | bought 5100 puts at 5135 |
I have a handful..... ....I was shorting aggressively after the market went above 5130 levels...Hahaha......Fingers crossed....I'm putting a lot behind this punt...Lets see how it goes.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #352 Posted: Tue Jan 24, 2012 1:01 pm Post subject: Re: Nifty Update |
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anand1234 wrote: | psalm wrote: | Hi All,
There is nothing wrong in buying Nifty PUTs here.....I guess....dont need to buy in big quantities....but in small quantities...The market looks exhausted. I still dont' believe that the market will close above 5065.
Regards,
Sam |
hi............
wt u wants to say??............to day NF will cole below 5065??........pls reply
thanks
anand |
Hahaha...thats my gut feeling....but looking at the way, the market is behaving, it will be a bit difficult to go down below 5065 levels. So, dont think about those comments.... ....But yes, I still believe in that....
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #353 Posted: Tue Jan 24, 2012 1:05 pm Post subject: |
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I am looking at following levels
5092, 5062, 5005 and 4974...not necessarily for expiry |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #354 Posted: Tue Jan 24, 2012 1:13 pm Post subject: |
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AJAYHKAUL wrote: | At the moment psalm looks like we could see 5130- 5180 -5230 - 5280 . And beyond 5280 is another story ...but we await the market move in the stated order.
Government just changed some norms on IPOs.... so they know its time for IPOs to raise money from the public. Again, the PSU disinvestment plans may be revived. For all this to happen , the ducks have to come home and that can happen only if the liquidity sloshes around our market and things start to bubble.... |
5177 TODAY? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #355 Posted: Tue Jan 24, 2012 1:30 pm Post subject: |
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AJAYHKAUL wrote: | AJAYHKAUL wrote: | At the moment psalm looks like we could see 5130- 5180 -5230 - 5280 . And beyond 5280 is another story ...but we await the market move in the stated order.
Government just changed some norms on IPOs.... so they know its time for IPOs to raise money from the public. Again, the PSU disinvestment plans may be revived. For all this to happen , the ducks have to come home and that can happen only if the liquidity sloshes around our market and things start to bubble.... |
5177 TODAY? |
Ajay,
By the end of the day, you might see a lot of inverted hammers in charts, I guess.... ....Let's see... |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #356 Posted: Tue Jan 24, 2012 1:45 pm Post subject: |
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Or we can do a head stand |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #357 Posted: Tue Jan 24, 2012 1:53 pm Post subject: |
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AJAYHKAUL wrote: | Or we can do a head stand |
Oh sorry, you want a hammer rit?.....but it will be difficult for you, wont it?...hehehe |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #358 Posted: Tue Jan 24, 2012 2:38 pm Post subject: |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #359 Posted: Tue Jan 24, 2012 3:18 pm Post subject: |
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going to carry your puts sam? I intend to |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #360 Posted: Tue Jan 24, 2012 3:21 pm Post subject: Nifty |
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absolutely vinay.....I have a lot of PUTs and SHORTs....hahaha....I'll be carrying them till 5230 is crossed..... |
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