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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #4201  Posted: Wed Jul 25, 2012 10:15 am Post subject: |
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| expecting ns low max 5079. Hmm. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4202 Posted: Wed Jul 25, 2012 10:29 am Post subject: |
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| apka wrote: | | expecting ns low max 5079. Hmm. |
Almost same view...my support is in the range 5070-5078 range....  |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #4203 Posted: Wed Jul 25, 2012 10:53 am Post subject: |
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| sam with 5068 ns closing basis..what say can goo long??? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4204 Posted: Wed Jul 25, 2012 10:55 am Post subject: |
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| rohit44 wrote: | | sam with 5068 ns closing basis..what say can goo long??? |
no need to wait for closing basis I feel...even intraday might be enough.....cos, below 5070, I expect the market to test 5037-5025 range....but yes around 5080, with a stoploss below 5070 one can go long, I feel...cos, the risk is pretty low....above all BankNifty is showing some strength....that's wat I feel...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4205 Posted: Wed Jul 25, 2012 11:04 am Post subject: Re: BankNifty |
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| psalm wrote: | | 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.... |
BankNifty has achieved almost my second target....the low made as of now is around 10237...... |
BankNifty has again missed the target by a whisker.....today's low as of now is around 5233....but it shows relative strength of the banks.....even when the Nifty gone below yesterday's low by a big margin, BankNifty hasn't break below yesterday's low convincingly.....but let's wait and see if it provides some cushion for a small recovery.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4206 Posted: Wed Jul 25, 2012 11:30 am Post subject: |
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| Bought a few 5100 calls as well....around 15.5......for a trade..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4207 Posted: Wed Jul 25, 2012 12:12 pm Post subject: |
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Spain 5 year bond yield rises above 10 year bond yield. This event suggests either recession or default risk, as per the experts...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4208 Posted: Wed Jul 25, 2012 12:15 pm Post subject: |
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| psalm wrote: | | Spain 5 year bond yield rises above 10 year bond yield. This event suggests either recession or default risk, as per the experts... |
Spain 2 year bond yield rises to over 7% to record high (Euro era) of 7.01%... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4209 Posted: Wed Jul 25, 2012 12:58 pm Post subject: |
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| me exited position taken for 25 points. chai paani trade. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4210 Posted: Wed Jul 25, 2012 1:01 pm Post subject: |
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| apka wrote: | | me exited position taken for 25 points. chai paani trade. |
I'm just holding those CALLs....if the marktet goes down, I'll only lose those 15 bucks....but if it goes to 5175 or so...then I'll make some....another thing is that these CALLs are like some sort of hedging against my SHORT positions....at least till expiry... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4211 Posted: Wed Jul 25, 2012 2:03 pm Post subject: |
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Is anyone contemplating a buy in LT?
Somehow something in my mind says we may see a rush to 5200ns.
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #4212 Posted: Wed Jul 25, 2012 2:16 pm Post subject: |
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Sam: Muthuswamy who won 2/3 of prev predict NF close competitions says that usually prev Friday close say Jul 20 of NF 3.30PM will be repeated on close say Jul 26 3.30PM! That was 5216.5 NF. I have placed 5216.5 as my NF bid
This matches with gut feeling of Taxmann!!!
Regards, Prakash Holla
javascript:emoticon(' ')
Last edited by pkholla on Wed Jul 25, 2012 2:20 pm; edited 1 time in total |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4213 Posted: Wed Jul 25, 2012 2:17 pm Post subject: |
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| taxmann50 wrote: | Is anyone contemplating a buy in LT?
Somehow something in my mind says we may see a rush to 5200ns.
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There is CHANCE of Nifty testing 5177-5200 levels. Eearlier, I was expecting levels around 5225 or so....but it looks difficult....but still levels around 5200 can't be ruled out...I feel...again, it will just be a pullback which should be sold, I feel....The market is really looking bad to me....when it starts going down 300 or 400 points will go in 2 or 3 days....thats what I feel....above all, I have a feeling we might visit 4500 levels before october itself....anyway, only time will tell, where we'll be at that time....so, let's wait and watch... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4214 Posted: Wed Jul 25, 2012 2:20 pm Post subject: |
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| pkholla wrote: | Sam: Muthuswamy who won 2/3 of prev predict NF close competitions says that usually prev Friday close say Jul 20 of NF 3.30PM will be repeated on close say Jul 26 3.30PM! That was 5216.5 NF. I have placed 5216.5 as my NF bid
This matches with gut feeling of Taxmann!!!
Regards, Prakash Holla |
I remember his posts, Prakash....I have mentioned about it on last friday itself, I guess....in this very thread.....by the way, there is chance of testing 5200 levels....expiring around 5200 levels looks difficult....but thats my gut feeling....anyway, let's wait and see how the trades pan out tomorrow... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4215 Posted: Wed Jul 25, 2012 3:01 pm Post subject: |
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| have been sayin that the banks are doing well....but in the last 30 minutes or so...some selling is happenin there, I feel...particularly in SBI....hmn...let's see tomorrow...how it behaves....but as per the current look...it could be a good SELL tomorrow....which could affect the BankNifty as well... |
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