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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #3916  Posted: Wed Jul 18, 2012 1:16 pm Post subject: |
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| psalm wrote: | | apka wrote: | ok, vinay. i am long for 5250 spot. 5262 shall face resistence.
sam, since u have become bearish, rains have been mellow in India. when will you change to bull  |
I have realized that the life as a bear is pretty difficult.....something like unBEARable...I wish, I were a bull.....  ...by the way, to change my view, I'm looking at a close above 5260 levels, Apka...but I prefer a close above 5300 levels...if we close above 5260, I have a feeling that we could test 5350 levels again and might even test 5375 levels.....there is also possibility of the market testing 5425 and then 5455 levels. A monthly close above 5450 is what I'm looking at as a confirmation that the trend has really changed......till that time, I'm a LONG TERM BEAR with occasional bullishness.....but the life as a BEAR....oh man....its so difficult..  |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #3917 Posted: Wed Jul 18, 2012 1:23 pm Post subject: |
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| rohit44 wrote: | | apka wrote: | | rohit44 wrote: | 5189 Ns behaving like make or break level...once taken high came..now supporting big way..  |
yes, next one hour on 5 min candles ns should not close below 5190, else downfall again. |
downfall again....sirf yeh achcha laga mujhe |
on serious note i am not bearish abv 5189 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3918 Posted: Wed Jul 18, 2012 1:27 pm Post subject: |
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| rohit44 wrote: | | rohit44 wrote: | | apka wrote: | | rohit44 wrote: | | 5189 Ns behaving like make or break level...once taken high came..now supporting big way.. |
yes, next one hour on 5 min candles ns should not close below 5190, else downfall again. |
downfall again....sirf yeh achcha laga mujhe |
on serious note i am not bearish abv 5189 |
The market is trading above that level now...rit?...so, are you long in the market now?....or just waiting for an opportunity???? |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #3919 Posted: Wed Jul 18, 2012 1:43 pm Post subject: |
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| Banks are showing more weakness compared to the overall market.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3920 Posted: Wed Jul 18, 2012 1:50 pm Post subject: |
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| At 2 PM today, a few data will be released in the UK...the data such as Unemployment Rate, Average Earnings Index , Claimant Count Change etc. MPC Meeting Minutes will also be released at 2pm. Most of the events may not influence the equity markets. But traders in the europe might be looking at the Unemployment Rate for some clues about the economy. Other than that there aren't any events scheduled during our market hours.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3921 Posted: Wed Jul 18, 2012 1:52 pm Post subject: |
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| psalm wrote: | | Banks are showing more weakness compared to the overall market.... |
hmm, i just bought SBIN for intraday at 2168. SL 2160. Trgt 2188 plus |
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sonila
Brown Belt
Joined: 04 Jun 2009
Posts: 1786
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| Post: #3922 Posted: Wed Jul 18, 2012 1:53 pm Post subject: |
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| psalm wrote: | | Banks are showing more weakness compared to the overall market.... |
yes. But why....any -ve news on the way ? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3923 Posted: Wed Jul 18, 2012 2:08 pm Post subject: |
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| apka wrote: | | psalm wrote: | | Banks are showing more weakness compared to the overall market.... |
hmm, i just bought SBIN for intraday at 2168. SL 2160. Trgt 2188 plus |
no idea...Sonila...may be ppl are anticipating that there wont be any policy action from the RBI this time as well...as they have mentioned about the inflation a few days ago....the monsoon is not good which could affect the inflation further...may be that's why banks are trading a bit subdued, I feel...then there could be some technical aspects too.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3924 Posted: Wed Jul 18, 2012 2:10 pm Post subject: |
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| apka wrote: | | psalm wrote: | | Banks are showing more weakness compared to the overall market.... |
hmm, i just bought SBIN for intraday at 2168. SL 2160. Trgt 2188 plus |
levels around 5221 is where i'm looking at as the next resistance.....above that we could test 5240 levels, or even 5259, I feel....anyway, let's see.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3925 Posted: Wed Jul 18, 2012 2:16 pm Post subject: |
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if smebody taken 5195 with and happy with 30 points 5225 can exit, else hold with me
SBIN 2178 |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3926 Posted: Wed Jul 18, 2012 2:22 pm Post subject: |
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5230 fut, spot 5220, sbin 2185
come on go for 5250 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #3927 Posted: Wed Jul 18, 2012 2:29 pm Post subject: |
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| apka wrote: | 5230 fut, spot 5220, sbin 2185
come on go for 5250 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3928 Posted: Wed Jul 18, 2012 2:30 pm Post subject: |
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as a friend put it\
"todays low should hold for another two more days. then vix break out will confirm upside. two days becos this week ends 90 weeks from high of 6338. If you look from 52 week perspective then high is 5740 and low is 4531 and mean of this level is 5135, so we are closer to the mean of 52 weeks too." |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3929 Posted: Wed Jul 18, 2012 2:37 pm Post subject: |
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| while this allows 5135 intraday this week, if today closes above 5245 without going to 5135 then it negates that. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #3930 Posted: Wed Jul 18, 2012 2:39 pm Post subject: |
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| vinay28 wrote: | as a friend put it\
"todays low should hold for another two more days. then vix break out will confirm upside. two days becos this week ends 90 weeks from high of 6338. If you look from 52 week perspective then high is 5740 and low is 4531 and mean of this level is 5135, so we are closer to the mean of 52 weeks too." |
i didnt get it... VIX breakout from what? to remain at lower levels? what is the range, in that case, we should not expect VIX to rise for near term? |
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