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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3721 Posted: Thu Jul 12, 2012 1:13 pm Post subject: |
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taxmann50 wrote: | Any indicator giving any buy signal on NF? |
In my view, there isn't any. But for a contrarian, TODAY'S LOW can be the stoploss. So, if courageous enough, one can buy Nifty with today's low as the stoploss. Having said that I'll be bearish about Nifty as we're trading below 13-day EMA....if it closes below that level, then I'll consider it as a SELL signal. Anyway, let's see. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3722 Posted: Thu Jul 12, 2012 1:28 pm Post subject: |
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dollar index new high and euro new low, no scope of fresh rally until these get stable. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3723 Posted: Thu Jul 12, 2012 1:33 pm Post subject: |
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10-15 mins back near 5220 positive div on macd and rsi were curving up, uske liye bad gaya nifty.
5100ce, 5200ce and 5300ce have added far too many OI today, we should see sustained short covering till 5245 spot, if 5250 spot crosses, then upside is again intact for continuation. I feel. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3724 Posted: Thu Jul 12, 2012 1:35 pm Post subject: |
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apka wrote: | dollar index new high and euro new low, no scope of fresh rally until these get stable. |
Yesterday itself it had made a new high....next major resistance is around 86.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3725 Posted: Thu Jul 12, 2012 1:54 pm Post subject: |
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apka wrote: | 10-15 mins back near 5220 positive div on macd and rsi were curving up, uske liye bad gaya nifty.
5100ce, 5200ce and 5300ce have added far too many OI today, we should see sustained short covering till 5245 spot, if 5250 spot crosses, then upside is again intact for continuation. I feel. |
power of positive divergence |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3726 Posted: Thu Jul 12, 2012 1:58 pm Post subject: |
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apka wrote: | apka wrote: | 10-15 mins back near 5220 positive div on macd and rsi were curving up, uske liye bad gaya nifty.
5100ce, 5200ce and 5300ce have added far too many OI today, we should see sustained short covering till 5245 spot, if 5250 spot crosses, then upside is again intact for continuation. I feel. |
power of positive divergence |
5255-5280 will be good resistance area....
by the way, I wont be surprised if the market tests 5190 levels soon...may be today itself.... |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3727 Posted: Thu Jul 12, 2012 2:03 pm Post subject: |
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psalm wrote: | apka wrote: | apka wrote: | 10-15 mins back near 5220 positive div on macd and rsi were curving up, uske liye bad gaya nifty.
5100ce, 5200ce and 5300ce have added far too many OI today, we should see sustained short covering till 5245 spot, if 5250 spot crosses, then upside is again intact for continuation. I feel. |
power of positive divergence |
5255-5280 will be good resistance area....
by the way, I wont be surprised if the market tests 5190 levels soon...may be today itself.... |
hmm i guess if today closing not above 5250 then tomorrow we will test 5180... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3728 Posted: Thu Jul 12, 2012 2:11 pm Post subject: |
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apka wrote: | psalm wrote: | apka wrote: | apka wrote: | 10-15 mins back near 5220 positive div on macd and rsi were curving up, uske liye bad gaya nifty.
5100ce, 5200ce and 5300ce have added far too many OI today, we should see sustained short covering till 5245 spot, if 5250 spot crosses, then upside is again intact for continuation. I feel. |
power of positive divergence |
5255-5280 will be good resistance area....
by the way, I wont be surprised if the market tests 5190 levels soon...may be today itself.... |
hmm i guess if today closing not above 5250 then tomorrow we will test 5180... |
Anyway, let's wait for the close...if we close above 5254 or so...then there is chance of a quick recovery...but if we close below 5250, then will be under some pressure in the coming days.....
NOTE: A few global markets have given SELL signal as per my method today. They are CAC, Nikkei, S&P/ASX 200 etc. SHANGHAI is already in a bear market of its own. For other markets, today's low will be key. A break below today's low will mean further selling. For S&P 500, it will take another 2 trading days at the least, i guess....anyway, let's see... |
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kishjk7551 White Belt
Joined: 26 Jan 2008 Posts: 293
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Post: #3729 Posted: Thu Jul 12, 2012 2:22 pm Post subject: Re: hi |
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bharatpatel wrote: | Dear Vinay,
if want to play intra wait for a candle close above 5242 and that candles low is a stop loss (next candle low must above 5242) (nifty spot)
bharat |
Bharat ji for intra what should be the time frame will 5 mins candle do ? |
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bharatpatel White Belt
Joined: 26 Oct 2011 Posts: 401
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Post: #3730 Posted: Thu Jul 12, 2012 2:24 pm Post subject: Re: hi |
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kishjk7551 wrote: | bharatpatel wrote: | Dear Vinay,
if want to play intra wait for a candle close above 5242 and that candles low is a stop loss (next candle low must above 5242) (nifty spot)
bharat |
Bharat ji for intra what should be the time frame will 5 mins candle do ? |
whichever tf u follow, important is that conditions should fulfilled |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #3731 Posted: Thu Jul 12, 2012 2:43 pm Post subject: Re: hi |
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bharatpatel wrote: | Dear friends,
nifty spot once again in my grounds approaching 5241.85 and 5166.05 let us see what happens further.
updated nifty spot levels are
5241.85 5166.05 5076 5046.45
regards
bharat |
Very well said. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #3732 Posted: Thu Jul 12, 2012 2:48 pm Post subject: |
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In between everything JPassociat makes a dream run.. |
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #3733 Posted: Thu Jul 12, 2012 3:11 pm Post subject: |
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VIX ko chaiye hamdard ka tonic cinkara...roz upar aata hai and slips... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3734 Posted: Thu Jul 12, 2012 3:16 pm Post subject: |
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rohit44 wrote: | VIX ko chaiye hamdard ka tonic cinkara...roz upar aata hai and slips... |
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bharatpatel White Belt
Joined: 26 Oct 2011 Posts: 401
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Post: #3735 Posted: Thu Jul 12, 2012 3:21 pm Post subject: Re: hi |
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kishjk7551 wrote: | bharatpatel wrote: | Dear Vinay,
if want to play intra wait for a candle close above 5242 and that candles low is a stop loss (next candle low must above 5242) (nifty spot)
bharat |
Bharat ji for intra what should be the time frame will 5 mins candle do ?
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looks tough for nifty spot to stay above 5242, if not possible today let us see if manage tomorrow. below 5242 tomorrow,it will create slide ride up to minimum 5166
let us see how it unfolds.
bharat |
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