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psalm
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Joined: 12 Nov 2011
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Post: #4096  Posted: Mon Jul 23, 2012 10:44 am Post subject: |
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| satishkadam wrote: | | psalm wrote: | | psalm wrote: | | psalm wrote: |
I'm watching the lows made by DOLLEX-30 (2532) AND DEFTY (3239) on last thursday....if those levels are broken, I'll consider it as some kind of a confirmation of weakness.... |
DEFTY has gone below that level (3239) just a while back....DOLLEX-30 is aorund 2536 now...the low made as of now is around 2535... |
DOLLEX-30 has also gone below its recent lows....showing further weakness....all upside (if any) from here whether it is a 50 point up-move or 150 point up-move, they will all be selling opportunities....I feel...  |
Psalm,
Looks like.. market will go down... as sensex is below 17000, bn below 10400.... nf below.. 5160....................................
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I'm on the SELL side...Satish...let's see how it goes...  |
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psalm
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| Post: #4097 Posted: Mon Jul 23, 2012 10:55 am Post subject: |
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| rohit44 wrote: | | saumya12 wrote: | Hi SAM
Do you know when is the L&T meet.
Thanks |
LT result today?? any expectatuon gud or bad?? |
In the last few occasions, the stock has done well after the announcement of its results.....let's see how it behaves this time.... |
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apka
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Posts: 6137
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| Post: #4098 Posted: Mon Jul 23, 2012 11:33 am Post subject: |
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So why 5300ce added so much OI is cleared now. Market fell.
[1] For the moment on charts, support come at 5140-5150.
[2] Next good trend support comes at 5080-5100.
[3] Today we haven't crossed and sustained above 50ema 5164. Indicating we should 200ema / 50sma / 200sma which are inbetween 5080-5100.
[4] Earlier when nifty had risen 1000+ and started to fall, then we saw golden cross happening. Later when we started rising from 4800 support again last month 50sma fell below 200sma indicating death cross. Now it is balancing. 50sma being near 5090 and 200sma also being 5100. So, nifty will try to hold these levels or bounce from it if this uptrend is to continue. |
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psalm
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| Post: #4099 Posted: Mon Jul 23, 2012 11:38 am Post subject: |
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| apka wrote: | So why 5300ce added so much OI is cleared now. Market fell.
[1] For the moment on charts, support come at 5140-5150.
[2] Next good trend support comes at 5080-5100.
[3] Today we haven't crossed and sustained above 50ema 5164. Indicating we should 200ema / 50sma / 200sma which are inbetween 5080-5100.
[4] Earlier when nifty had risen 1000+ and started to fall, then we saw golden cross happening. Later when we started rising from 4800 support again last month 50sma fell below 200sma indicating death cross. Now it is balancing. 50sma being near 5090 and 200sma also being 5100. So, nifty will try to hold these levels or bounce from it if this uptrend is to continue. |
The area between 5140-5110 is a good support, I feel, Apka.....When I say good support, I'm expecting it to hold for the day or two...or even till expiry.....below 5110, major support for me is around 5070....anyway, the outlook for the market is pretty weak....but since we're in the expiry weak, I expect range-bound moves from here onwards.... I expect bigger and decisive move on the downside by friday or in the next week...anyway, let's see... |
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bharatpatel
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Joined: 26 Oct 2011
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| Post: #4100 Posted: Mon Jul 23, 2012 11:39 am Post subject: |
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| bharatpatel wrote: | | 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 |
nifty spot level posted were 5166 and todays high is 5164.20.....weakness...
updated levels are
5196 5160 5126 5076 5046
regards |
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psalm
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| Post: #4101 Posted: Mon Jul 23, 2012 11:50 am Post subject: |
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| If 5140 levels are held, then there is chance for a bounce-back up to 5180 or even 5211 in a day or two....let's how it goes... |
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psalm
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| Post: #4102 Posted: Mon Jul 23, 2012 11:52 am Post subject: Re: BankNifty |
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| psalm wrote: | | taxmann50 wrote: | | Can anyone give me the view on Bank Nifty? |
Taxmann, this is what I have posted on Wednesday regarding the BankNifty....my opinion remains the same.....I'm pasting that message here again:
| psalm wrote: | | vishyvaranasi wrote: | Hi Sam,
yr views on bank nifty.
vishy |
BankNifty has immediate resistance in the range 10560-10590 range, Vishy. If that range is broken then there is chance of it testing 10700 levls above that 10780-10790 could be tested again. On the downside, at 10340, the index has considerable support. The levels to watch on the downside will be 10340 / 10230 / 10175 and then 10050. The area 10050-9900 is the major support for the index. |
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BankNifty has almost achieved my first target......currently trading around 10350.... |
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psalm
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Posts: 5368
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| Post: #4103 Posted: Mon Jul 23, 2012 11:58 am Post subject: Re: BankNifty |
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| psalm wrote: | | psalm wrote: | | taxmann50 wrote: | | Can anyone give me the view on Bank Nifty? |
Taxmann, this is what I have posted on Wednesday regarding the BankNifty....my opinion remains the same.....I'm pasting that message here again:
| psalm wrote: | | vishyvaranasi wrote: | Hi Sam,
yr views on bank nifty.
vishy |
BankNifty has immediate resistance in the range 10560-10590 range, Vishy. If that range is broken then there is chance of it testing 10700 levls above that 10780-10790 could be tested again. On the downside, at 10340, the index has considerable support. The levels to watch on the downside will be 10340 / 10230 / 10175 and then 10050. The area 10050-9900 is the major support for the index. |
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BankNifty has almost achieved my first target......currently trading around 10350.... |
SBI has good support around 2095-2090 area....so, until SBI breaks below 2090 levels on a closing basis, BankNifty will be range-bound.....i feel...that means 100 points here or 100 points there....  |
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psalm
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| Post: #4104 Posted: Mon Jul 23, 2012 12:04 pm Post subject: |
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| There is chance of some upside from here for the IT stocks.....I feel....it might help the overall market as well....though IT stocks are really good short-selling opportunities on rallies.... |
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psalm
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| Post: #4105 Posted: Mon Jul 23, 2012 12:05 pm Post subject: |
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| psalm wrote: | | The markets are trading around 5155 levels....A few levels I'll be watching on the downside in the next few days are 5176 / 5161 / 5142 / 5112 / 5070. However, on the upside, if the market is able to claw its way back into green, then levels around 5211 / 5224 / 5234 / 5257 / 5270 / 5306 / 5329 will provide resistances today or in the next few days....anyway, let's wait and see what happens.... |
levels around 5142 has held for the time being.... |
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rohit44
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Joined: 05 Jan 2010
Posts: 279
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| Post: #4106 Posted: Mon Jul 23, 2012 12:23 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | The markets are trading around 5155 levels....A few levels I'll be watching on the downside in the next few days are 5176 / 5161 / 5142 / 5112 / 5070. However, on the upside, if the market is able to claw its way back into green, then levels around 5211 / 5224 / 5234 / 5257 / 5270 / 5306 / 5329 will provide resistances today or in the next few days....anyway, let's wait and see what happens.... |
levels around 5142 has held for the time being.... |
5133 nf imp...below that gaye to  raam hi raakhe |
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rohit44
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| Post: #4107 Posted: Mon Jul 23, 2012 12:25 pm Post subject: |
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euro broken 1.21 too  1.18 needed |
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rohit44
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| Post: #4108 Posted: Mon Jul 23, 2012 12:26 pm Post subject: |
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| rohit44 wrote: | | euro broken 1.21 too 1.18 needed |
more importantly ftse broken 5600 level |
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psalm
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Posts: 5368
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| Post: #4109 Posted: Mon Jul 23, 2012 12:26 pm Post subject: |
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| rohit44 wrote: | | psalm wrote: | | psalm wrote: | | The markets are trading around 5155 levels....A few levels I'll be watching on the downside in the next few days are 5176 / 5161 / 5142 / 5112 / 5070. However, on the upside, if the market is able to claw its way back into green, then levels around 5211 / 5224 / 5234 / 5257 / 5270 / 5306 / 5329 will provide resistances today or in the next few days....anyway, let's wait and see what happens.... |
levels around 5142 has held for the time being.... |
5133 nf imp...below that gaye to raam hi raakhe |
Since 5142 has been broken, my next support is around 5111-5112....I expect those levels to be held....anyway, let's see... |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #4110 Posted: Mon Jul 23, 2012 12:51 pm Post subject: |
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| Chinese market has closed on a 3 year -Closing LOW today.....the lowest CLOSING since 13th march 2009.....means a 3 year low... |
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