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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3931 Posted: Wed Jul 18, 2012 2:43 pm Post subject: |
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apka wrote: | 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? |
If someone is a bit bearish, there are a lot of opportunities out there in the market....lots and lots of stocks are near their resistances....that means not much risk as far as the stoplosses are concerned.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #3932 Posted: Wed Jul 18, 2012 2:52 pm Post subject: |
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he believes that market would rise as vix rises from present 17.39 |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3933 Posted: Wed Jul 18, 2012 3:03 pm Post subject: |
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vinay28 wrote: | he believes that market would rise as vix rises from present 17.39 |
i think i last saw vix this low 2-3 years back... since i have been actively trading i only seen vix falling with market rise and vix rising with market fall.. i not seen this type of direct movement with each other. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #3934 Posted: Wed Jul 18, 2012 3:09 pm Post subject: |
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Vix at 16.9 and index at 6338 in Nov 10 |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #3935 Posted: Wed Jul 18, 2012 3:16 pm Post subject: |
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vinay28 wrote: | Vix at 16.9 and index at 6338 in Nov 10 |
ok so what will happen to vix if market start rising again ? how low can it go... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3936 Posted: Wed Jul 18, 2012 3:28 pm Post subject: |
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apka wrote: | vinay28 wrote: | Vix at 16.9 and index at 6338 in Nov 10 |
ok so what will happen to vix if market start rising again ? how low can it go... |
The recent lows as far as VIX is concerned....
7th April 2010 - 12.6 (looks like a freak candle for that day)
7th Sept 2010 - 14.35 |
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #3937 Posted: Wed Jul 18, 2012 3:46 pm Post subject: |
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psalm wrote: | Banks are showing more weakness compared to the overall market.... |
oh missed that..banks not too weak sam as what i was watching is...icici open low same and its sustaining well abv atp everytime..and bblasted..sbin discount of 15+ points at one time filled compeletely.. at around 2170.. Rgds... |
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rohit44 White Belt
Joined: 05 Jan 2010 Posts: 279
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Post: #3938 Posted: Wed Jul 18, 2012 3:48 pm Post subject: |
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rohit44 wrote: | psalm wrote: | Banks are showing more weakness compared to the overall market.... |
oh missed that..banks not too weak sam as what i was watching is...icici open low same and its sustaining well abv atp everytime..and bblasted..sbin discount of 15+ points at one time filled compeletely.. at around 2170.. Rgds... |
it was just a intra observation.. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #3939 Posted: Wed Jul 18, 2012 3:56 pm Post subject: |
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rohit44 wrote: | psalm wrote: | Banks are showing more weakness compared to the overall market.... |
oh missed that..banks not too weak sam as what i was watching is...icici open low same and its sustaining well abv atp everytime..and bblasted..sbin discount of 15+ points at one time filled compeletely.. at around 2170.. Rgds... |
When I have mentioned that fact the banks were showing weakness, they were just under-performing.....but they recovered towards the close....by the way, i don't read too much by today's move....I was expecting some 40 or 50 points bounce back from around 5180 levels....
I have found it to be really good time to initiate another round of shorting....cos, the stops are pretty close for most of the stocks I have initiated shorts....I have a short position in ICICI bank too.... but my stoploss is above 960....so, planning to sell one more lot around 955 if it comes there tomorrow....I dont see too much bullish moves coming from Europe....if there are any, I'll think about closing my shorts....but I really doubt the european markets will go up from current levels....anyway, let's see.... |
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chiragbvyas White Belt
Joined: 18 Feb 2010 Posts: 469
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Post: #3940 Posted: Thu Jul 19, 2012 9:35 am Post subject: |
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Friends,
Anyone noticed Bharat posted the levels where he said nifty spot support exist at 5166 and look yesterday nifty spot made low of 5169.05 and today gap up opening. now it will be interesting to see one more of his levels 5246.45, where how nifty acts.
anyway though he is not disclosing his method but whenever he post his updated levels they works exactly.
hey bharat pls post latest levels if u read this thread.
chirag... |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #3941 Posted: Thu Jul 19, 2012 9:41 am Post subject: |
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But where Bharat Bhai posted his levels
Thanks |
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bharatpatel White Belt
Joined: 26 Oct 2011 Posts: 401
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Post: #3942 Posted: Thu Jul 19, 2012 9:48 am Post subject: |
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saumya12 wrote: | But where Bharat Bhai posted his levels
Thanks |
Good morning chirag and saumya,
thanks chirag for remembering my levels which i posted somedays back, as my levels dont changed everyday i dont post them everyday. they are there for somedays to weeks and sometimes for months.
latest updated levels are
5242 5166 5126 5076 5046
just remember above numbers coz if they are not changed, i will not post them again.
happy trading
bharat |
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #3943 Posted: Thu Jul 19, 2012 9:50 am Post subject: |
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chiragbvyas wrote: | Friends,
Anyone noticed Bharat posted the levels where he said nifty spot support exist at 5166 and look yesterday nifty spot made low of 5169.05 and today gap up opening. now it will be interesting to see one more of his levels 5246.45, where how nifty acts.
anyway though he is not disclosing his method but whenever he post his updated levels they works exactly.
hey bharat pls post latest levels if u read this thread.
chirag... | . Yes, bharat bhai's levels work to the point most of the times. |
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sonila Brown Belt
Joined: 04 Jun 2009 Posts: 1786
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Post: #3944 Posted: Thu Jul 19, 2012 9:51 am Post subject: |
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chiragbvyas wrote: | Friends,
Anyone noticed Bharat posted the levels where he said nifty spot support exist at 5166 and look yesterday nifty spot made low of 5169.05 and today gap up opening. now it will be interesting to see one more of his levels 5246.45, where how nifty acts.
anyway though he is not disclosing his method but whenever he post his updated levels they works exactly.
hey bharat pls post latest levels if u read this thread.
chirag... | . Yes, bharat bhai's levels work to the point most of the times. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #3945 Posted: Thu Jul 19, 2012 9:55 am Post subject: |
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bharat, your levels/posts are getting lost in too many posts in nifty view. That's why I had suggested last time that you open a new thread by another title, say, "nifty view by Bharat Patel". |
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