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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4276 Posted: Thu Jul 26, 2012 7:18 pm Post subject: |
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apka wrote: | psalm wrote: | apka wrote: | hmm not gone as per my plan |
I have written to Vinay yesterday....telling him that whatever be today's high, we wont see that high for another 3 months.... ...let's see how we do from here...I was expecting the market to give some pullbacks before continuing its way down...but didn't happen at all...anyway, let's wait and see if my prediction prove to be right or wrong... |
3 months
guess i can plan a vacation and come back later then
looks like 4 days red and tomm green thing may happen, europe recovering smartly. |
hahaha...let's see...I still believe that 5125 will be difficult to break on the upside....but who knows what will happen tomorrow....there is chance of the market breaking that level in the morning itself....but i give it a low probability.....anyway, let's wait and see where we're at the end of the day tomorrow.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #4277 Posted: Thu Jul 26, 2012 7:35 pm Post subject: |
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I feel a bear trap is developing. Just a gut feeling. Although another max 100 points lower can't be ruled out. But as apka says, probably up tmrw since market has fallen 5 days |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4278 Posted: Thu Jul 26, 2012 7:38 pm Post subject: |
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vinay28 wrote: | I feel a bear trap is developing. Just a gut feeling. Although another max 100 points lower can't be ruled out. But as apka says, probably up tmrw since market has fallen 5 days |
Yes...tomorrow very much look like an UP day... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4279 Posted: Fri Jul 27, 2012 9:23 am Post subject: |
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Market is trading around 5129 now....It has immediate resistance around 5144....that means if one can afford a stoploss of 14 or 15 points Nifty can be sold......I feel... |
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satishkadam Yellow Belt
Joined: 01 Apr 2010 Posts: 805
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Post: #4280 Posted: Fri Jul 27, 2012 9:40 am Post subject: |
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psalm wrote: | Market is trading around 5129 now....It has immediate resistance around 5144....that means if one can afford a stoploss of 14 or 15 points Nifty can be sold......I feel... |
What about BN
Thanks
Satish |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #4281 Posted: Fri Jul 27, 2012 9:47 am Post subject: |
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anyone looking to sell into this rally? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4282 Posted: Fri Jul 27, 2012 9:57 am Post subject: |
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stevenmat wrote: | anyone looking to sell into this rally? |
I did already this morning.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4283 Posted: Fri Jul 27, 2012 10:01 am Post subject: |
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satishkadam wrote: | psalm wrote: | Market is trading around 5129 now....It has immediate resistance around 5144....that means if one can afford a stoploss of 14 or 15 points Nifty can be sold......I feel... |
What about BN
Thanks
Satish |
Still have the same view as I have mentioned a few days back, Satish....I had posted it quite a few times in the last few days.... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4284 Posted: Fri Jul 27, 2012 10:05 am Post subject: |
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psalm wrote: | satishkadam wrote: | psalm wrote: | Market is trading around 5129 now....It has immediate resistance around 5144....that means if one can afford a stoploss of 14 or 15 points Nifty can be sold......I feel... |
What about BN
Thanks
Satish |
Still have the same view as I have mentioned a few days back, Satish....I had posted it quite a few times in the last few days.... |
I'm posting it here for your convenience....as per that, 10340 is the next resistance...today's high is around 10330....
psalm wrote: | 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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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #4285 Posted: Fri Jul 27, 2012 10:08 am Post subject: |
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broken yesterdays high, need to keep yesterdays low intact and same thing on monday, then reversal can be thought of.
This buying is nrml ater 4 days red in fno expiry week. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4286 Posted: Fri Jul 27, 2012 10:10 am Post subject: |
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apka wrote: | broken yesterdays high, need to keep yesterdays low intact and same thing on monday, then reversal can be thought of.
This buying is nrml ater 4 days red in fno expiry week. |
Thats true.....only a sustained buying for another day or two will indicate a change in trend...till that time...its definitely SELL on rallies....Sometimes, these are great opportunities initiate fresh positions..... |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #4287 Posted: Fri Jul 27, 2012 10:13 am Post subject: |
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psalm wrote: | stevenmat wrote: | anyone looking to sell into this rally? |
I did already this morning.... |
what strikes? whats your target? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4288 Posted: Fri Jul 27, 2012 10:20 am Post subject: |
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stevenmat wrote: | psalm wrote: | stevenmat wrote: | anyone looking to sell into this rally? |
I did already this morning.... |
what strikes? whats your target? |
Come on dont ask me about targets...I have sort of crazy targets on the downside...
By the way, 5100 or 5000 wont be bad..I feel....I see reasonable support around 4850 levels in the near future, if we start going down.....At the same time, 5110-5143 range will be a resistance on the upside on a CLOSING basis....above that 5177 could be tested....thats wat I feel now...so, 5100 or 5000 strikes will do, I feel.... |
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stevenmat White Belt
Joined: 27 Dec 2011 Posts: 478
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Post: #4289 Posted: Fri Jul 27, 2012 10:22 am Post subject: |
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psalm wrote: | stevenmat wrote: | psalm wrote: | stevenmat wrote: | anyone looking to sell into this rally? |
I did already this morning.... |
what strikes? whats your target? |
Come on dont ask me about targets...I have sort of crazy targets on the downside...but 5100 or 5000 wont be bad..I feel....by the way, I see reasonable support around 4850 levels in the near future.....At the same time, 5110-5143 range will be a resistance on the upside on a CLOSING basis....above that 5177 could be tested....thats wat I feel now...so, 5100 or 5000 strikes will do, I feel.... |
hehe...i m buying 5000 strike puts..
do you hedge these positions you take? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #4290 Posted: Fri Jul 27, 2012 10:23 am Post subject: |
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stevenmat wrote: | psalm wrote: | stevenmat wrote: | psalm wrote: | stevenmat wrote: | anyone looking to sell into this rally? |
I did already this morning.... |
what strikes? whats your target? |
Come on dont ask me about targets...I have sort of crazy targets on the downside...but 5100 or 5000 wont be bad..I feel....by the way, I see reasonable support around 4850 levels in the near future.....At the same time, 5110-5143 range will be a resistance on the upside on a CLOSING basis....above that 5177 could be tested....thats wat I feel now...so, 5100 or 5000 strikes will do, I feel.... |
hehe...i m buying 5000 strike puts..
do you hedge these positions you take? |
I do...have bought 5300 CALLs yesterday....for my SHORTs.... |
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