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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #3526 Posted: Thu Jul 05, 2012 1:54 pm Post subject: |
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anand1234 wrote: | hi.............sam
wt will b today??............first up then down??..............means spot.......will go upto 5350 -60.....then down??.............let c
JUST MY OBSERVATION..........
thx
anand |
hi..........
its looks like wt I sayed ..........but 5340 -5350.......spot level.......very crutial............lokks can go dwn from that level......just for intra.........
ONLY MY OBSERVATION.......
THX
ANAND |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #3527 Posted: Thu Jul 05, 2012 2:06 pm Post subject: |
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chetan83 wrote: | S.S. wrote: | hi every one ......
i thing nifty could face resistance arnd 5380-5400
here is a weekly nifty chart .....
share ur veiws.... |
And Bank Nifty Resistance at 10650-10675
Moreover the 50% Fibo is at 10535 (where currently BNF is trading), so it will be exciting to see whether BNF closes abv this levels during this week, then BNF may head to 11230 again (Which is 38.2% of Fibo and also R2 for July Monthly). |
40 points more to go for BNF |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3528 Posted: Thu Jul 05, 2012 2:07 pm Post subject: |
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apka wrote: | higher lows squeeze made nifty sprout |
Yes, Apka...for the last few days, it has been like higher lows....or to a certain extent higher highs as well....it has been a buy on dips market for the last few days....by the way, at around 2.20 or 2.30 some bond action will be happening in Europe....just watch out... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3529 Posted: Thu Jul 05, 2012 2:12 pm Post subject: |
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chetan83 wrote: | chetan83 wrote: | S.S. wrote: | hi every one ......
i thing nifty could face resistance arnd 5380-5400
here is a weekly nifty chart .....
share ur veiws.... |
And Bank Nifty Resistance at 10650-10675
Moreover the 50% Fibo is at 10535 (where currently BNF is trading), so it will be exciting to see whether BNF closes abv this levels during this week, then BNF may head to 11230 again (Which is 38.2% of Fibo and also R2 for July Monthly). |
40 points more to go for BNF |
Chetan, I have a feeling that BankNifty might test 10720-730 levels....If it doesn't go there, then its fine....else, just watch out.... |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #3530 Posted: Thu Jul 05, 2012 2:17 pm Post subject: |
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psalm wrote: | please call me by my name....I prefer that... SAM |
Friends: Sam has not mentioned it but please pay his name some respect by writing it correctly: call him Sam or Psalm and not Psalam, Palsm, Plasm, Plasma etc.
Regards, Prakash Holla |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3531 Posted: Thu Jul 05, 2012 2:21 pm Post subject: |
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pkholla wrote: | psalm wrote: | please call me by my name....I prefer that... SAM |
Friends: Sam has not mentioned it but please pay his name some respect by writing it correctly: call him Sam or Psalm and not Psalam, Palsm, Plasm, Plasma etc.
Regards, Prakash Holla |
...... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3532 Posted: Thu Jul 05, 2012 2:38 pm Post subject: |
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The bond auction has gone without much probs. But the yield has gone up; reflecting the risk. This means further borrowing costs for those countries. Anyway, European markets are reacting somewhat positively at this point of time.... |
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chetan83 Brown Belt
Joined: 19 Feb 2010 Posts: 2036
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Post: #3533 Posted: Thu Jul 05, 2012 2:42 pm Post subject: |
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psalm wrote: | chetan83 wrote: | chetan83 wrote: | S.S. wrote: | hi every one ......
i thing nifty could face resistance arnd 5380-5400
here is a weekly nifty chart .....
share ur veiws.... |
And Bank Nifty Resistance at 10650-10675
Moreover the 50% Fibo is at 10535 (where currently BNF is trading), so it will be exciting to see whether BNF closes abv this levels during this week, then BNF may head to 11230 again (Which is 38.2% of Fibo and also R2 for July Monthly). |
40 points more to go for BNF |
Chetan, I have a feeling that BankNifty might test 10720-730 levels....If it doesn't go there, then its fine....else, just watch out.... |
Thanks Sam |
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #3534 Posted: Thu Jul 05, 2012 2:59 pm Post subject: |
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apka wrote: | higher lows squeeze made nifty sprout |
kahin aisa to nahi picture abhi baki ho |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3535 Posted: Thu Jul 05, 2012 3:06 pm Post subject: |
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Sam in worst case scenario if there is no rate cut by ECB then do you think NS will sustain above 5200 for this month? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3536 Posted: Thu Jul 05, 2012 3:13 pm Post subject: |
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taxmann50 wrote: | Sam in worst case scenario if there is no rate cut by ECB then do you think NS will sustain above 5200 for this month? |
As per the popular traders and brokerages, a 25 bps cut and 50 Billion QE is already factored in.....anything beyond that will surprise the markets there....So, if there is no rate cuts, then the market might react there.....which could push our markets under pressure....By the way, if we go below 5200-5175 levels, we might go further down, I guess....So, one must be a bit cautious.....Having said that, there could be still chance of us testing 5370 levels or even 5465 levels....I'm not ruling out those possibilities....But my bias would still be on the downside.....So, I very much believe that 5200 levels will be broken on the downside soon......
But taxmann, there are a lot of people including experts saying that the markets still have a lot of juice left....so, one must consider that one as well....What I have mentioned above are my personal view....which I follow for my trading.... |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3537 Posted: Thu Jul 05, 2012 3:18 pm Post subject: |
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psalm wrote: | taxmann50 wrote: | Sam in worst case scenario if there is no rate cut by ECB then do you think NS will sustain above 5200 for this month? |
As per the popular traders and brokerages, a 25 bps cut and 50 Billion QE is already factored in.....anything beyond that will surprise the markets there....So, if there is no rate cuts, then the market might react there.....which could push our markets under pressure....By the way, if we go below 5200-5175 levels, we might go further down, I guess....So, one must be a bit cautious.....Having said that, there could be still chance of us testing 5370 levels or even 5465 levels....I'm not ruling out those possibilities....But my bias would still be on the downside.....So, I very much believe that 5200 levels will be broken on the downside soon......
But taxmann, there are a lot of people including experts saying that the markets still have a lot of juice left....so, one must consider that one as well....What I have mentioned above are my personal view....which I follow for my trading.... |
Yes Sam that is where I am bit confused, years of past experiences have shown that market had brought bloodbath whenever the expectation and sentiments have been so confident and every analyst telling that we are in the buy mode, so lets see tonite what its going to be but yes I will be cautious,
thx |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3538 Posted: Thu Jul 05, 2012 3:23 pm Post subject: |
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taxmann50 wrote: | psalm wrote: | taxmann50 wrote: | Sam in worst case scenario if there is no rate cut by ECB then do you think NS will sustain above 5200 for this month? |
As per the popular traders and brokerages, a 25 bps cut and 50 Billion QE is already factored in.....anything beyond that will surprise the markets there....So, if there is no rate cuts, then the market might react there.....which could push our markets under pressure....By the way, if we go below 5200-5175 levels, we might go further down, I guess....So, one must be a bit cautious.....Having said that, there could be still chance of us testing 5370 levels or even 5465 levels....I'm not ruling out those possibilities....But my bias would still be on the downside.....So, I very much believe that 5200 levels will be broken on the downside soon......
But taxmann, there are a lot of people including experts saying that the markets still have a lot of juice left....so, one must consider that one as well....What I have mentioned above are my personal view....which I follow for my trading.... |
Yes Sam that is where I am bit confused, years of past experiences have shown that market had brought bloodbath whenever the expectation and sentiments have been so confident and every analyst telling that we are in the buy mode, so lets see tonite what its going to be but yes I will be cautious,
thx |
That's very much true....and there is nothing wrong in waiting for a clear direction rather than entering or exiting at the last last stage....there are endless possibilities for the market....so, just wait and see where we'll be at the end of the day tomorrow.... |
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #3539 Posted: Thu Jul 05, 2012 3:41 pm Post subject: |
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tadap tadap k is dil se aah nikalti rahi aisa kya gunah kiya ki putttttt liye or luttttttt gaye..... luuuttt gaye 5220 ki chahat me.. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3540 Posted: Thu Jul 05, 2012 3:45 pm Post subject: |
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rohit44 wrote: | tadap tadap k is dil se aah nikalti rahi aisa kya gunah kiya ki putttttt liye or luttttttt gaye..... luuuttt gaye 5220 ki chahat me.. |
Put may be the king tomorrow.
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