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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #3766  Posted: Fri Jul 13, 2012 3:02 pm Post subject: |
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| saumya12 wrote: | | Will nifty spot reach 5260 or 5275????? |
There is chance for even higher levels....but they will all be selling opportunities, I feel.....we've a good gap to be filled from yesterday rit?...so, levels around even 5300 could be possible....  |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
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| Post: #3767 Posted: Fri Jul 13, 2012 3:04 pm Post subject: |
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if ns is able to hold 5212, quick bounce can be expected up to 5300.
regs
ridinghood |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3768 Posted: Fri Jul 13, 2012 3:07 pm Post subject: |
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| sam, you are bullish that means? |
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psalm
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| Post: #3769 Posted: Fri Jul 13, 2012 3:07 pm Post subject: |
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| ridinghood wrote: | if ns is able to hold 5212, quick bounce can be expected up to 5300.
regs
ridinghood |
A few supports (including 21-day EMA) are converging around 5210, Ridinghood.....but let's see if we'll be able to hold that level for long....I doubt that though...  |
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psalm
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| Post: #3770 Posted: Fri Jul 13, 2012 3:11 pm Post subject: |
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| vinay28 wrote: | | sam, you are bullish that means? |
I'm not bullish at all....Vinay...at least for the next week or two....  ....I have short position in the market....after we've closed below the 13-day EMA....will be selling again if we go up.... |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #3771 Posted: Fri Jul 13, 2012 3:15 pm Post subject: |
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YEAH PSALM!
these ifs nd buts!
btw 5212 is 23.6% retracement of ns recent rise.
regs
riidnghood |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #3772 Posted: Fri Jul 13, 2012 3:30 pm Post subject: |
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| vinay.. i have squared off my position on INFY 2350PE at 131.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #3773 Posted: Fri Jul 13, 2012 3:37 pm Post subject: |
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| it made a new low just now and I feel 2150 is possible |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #3774 Posted: Fri Jul 13, 2012 4:20 pm Post subject: |
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| vinay28 wrote: | | it made a new low just now and I feel 2150 is possible |
oh vinay...dont make me regret! |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3775 Posted: Fri Jul 13, 2012 4:25 pm Post subject: |
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| stevenmat wrote: | | vinay28 wrote: | | it made a new low just now and I feel 2150 is possible |
oh vinay...dont make me regret! |
vinay and sam are black belt, they can make u do anything they want  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3776 Posted: Fri Jul 13, 2012 4:31 pm Post subject: |
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| apka wrote: | | stevenmat wrote: | | vinay28 wrote: | | it made a new low just now and I feel 2150 is possible |
oh vinay...dont make me regret! |
vinay and sam are black belt, they can make u do anything they want |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3777 Posted: Fri Jul 13, 2012 7:55 pm Post subject: |
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DOW given a breakout from the falling channel.
Also there have been positive divergences happening with almost every fall in world markets.. sign that the falls are not convincing with volumes and nifty also holding up from its breakout points with small pakode type red candles every other day but white candles are bigger.. Im guessing all this is suggesting consolidation only.
Especially in case of Shangai, the divergences are suggesting this july bottom wont be seen again this year.
Like nifty has adjusted to INR above and near 55, I guess european markets are also tuning to the new EURO value?
These are just my views. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3778 Posted: Fri Jul 13, 2012 8:26 pm Post subject: |
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apka, rsi showed -ve div on daily charts yesterday. daily and weekly candles are also confusing. Worst still, max OI at 5000PE. And sgxnifty is up.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3779 Posted: Fri Jul 13, 2012 8:43 pm Post subject: |
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| vinay28 wrote: | | apka, rsi showed -ve div on daily charts yesterday. daily and weekly candles are also confusing. Worst still, max OI at 5000PE. And sgxnifty is up. |
Im not seeing neg div in rsi on daily charts vinay? infact lower closing today but rsi has risen.
check this out -- closing was negative, we fell with a jerk near 1.30pm-2.00pm Till that time volumes were merely 5.5 million in Nifty Future (very low). EOD near 10 Million. Still not much. If this negative trend were to continue citing we hit yesterdays low again (which is also 50ema) puts should have added more premium. Instead OI in puts shedded in good numbers and all out of the money puts including nearest 5200pe have seen negative net change. This is unsual. There was buying interesting in puts it means. It implies atleast for monday fall will not happen.
Whereas In the Money calls including 5200ce have also shedded OI despite negative trading today.
Checkout SBI, very nicley placed for rise to 2400. Bank nifty is not looking weak to me. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3780 Posted: Fri Jul 13, 2012 8:51 pm Post subject: |
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| see the attached chart apka |
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