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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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Post: #4306  Posted: Fri Jul 27, 2012 12:11 pm Post subject: |
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| psalm wrote: | | satishkadam wrote: | | psalm wrote: | | satishkadam wrote: | | stevenmat wrote: | | psalm wrote: | | sachin79 wrote: | | this high shud coincide with ECB meet coming thursady.. |
Let's see.....But I still believe that this is a trap for the BULLs.....contrary to the belief almost all the ppl express here....  ....  |
i'm with you sam! |
PNB result not as expected, BN down.. looks liks a sell trigeer  |
Satish, are you an intraday player?.....i'm just curious to know..thats why asking.... |
Yes a intraday.. player,, as dont have the patience to wait for positional trade
Satish |
Its fine Satish....because you wont be carrying risks over night...but with me, I am a disaster when it comes to day trading.....I just cant handle the volatility involved with the intraday trades....I believe that making money intraday is the most difficult job...I just appreciate if someone makes money intraday......but its too much for my liking...hahaha....
Regards |
Union Bank result down... BN - 2nd trigger for sell....
Satish  |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #4307 Posted: Fri Jul 27, 2012 12:22 pm Post subject: |
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SAM....i get that you're a positional trader.. and that you cant handle intra day swings (lol)..but tell me some thing...how do you sleep at night? thats one of the problems which i face...if i have a huge short-long position..i cant sleep at night..i keep checking global markets all the night..  |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #4308 Posted: Fri Jul 27, 2012 12:23 pm Post subject: |
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| satishkadam wrote: | | psalm wrote: | | satishkadam wrote: | | psalm wrote: | | satishkadam wrote: | | stevenmat wrote: | | psalm wrote: | | sachin79 wrote: | | this high shud coincide with ECB meet coming thursady.. |
Let's see.....But I still believe that this is a trap for the BULLs.....contrary to the belief almost all the ppl express here.... .... |
i'm with you sam! |
PNB result not as expected, BN down.. looks liks a sell trigeer |
Satish, are you an intraday player?.....i'm just curious to know..thats why asking.... |
Yes a intraday.. player,, as dont have the patience to wait for positional trade
Satish |
Its fine Satish....because you wont be carrying risks over night...but with me, I am a disaster when it comes to day trading.....I just cant handle the volatility involved with the intraday trades....I believe that making money intraday is the most difficult job...I just appreciate if someone makes money intraday......but its too much for my liking...hahaha....
Regards |
Union Bank result down... BN - 2nd trigger for sell....
Satish |
Result from ICIci good.. but..... NPA not good....... |
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satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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| Post: #4309 Posted: Fri Jul 27, 2012 12:38 pm Post subject: |
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| satishkadam wrote: | | satishkadam wrote: | | psalm wrote: | | satishkadam wrote: | | psalm wrote: | | satishkadam wrote: | | stevenmat wrote: | | psalm wrote: | | sachin79 wrote: | | this high shud coincide with ECB meet coming thursady.. |
Let's see.....But I still believe that this is a trap for the BULLs.....contrary to the belief almost all the ppl express here.... .... |
i'm with you sam! |
PNB result not as expected, BN down.. looks liks a sell trigeer |
Satish, are you an intraday player?.....i'm just curious to know..thats why asking.... |
Yes a intraday.. player,, as dont have the patience to wait for positional trade
Satish |
Its fine Satish....because you wont be carrying risks over night...but with me, I am a disaster when it comes to day trading.....I just cant handle the volatility involved with the intraday trades....I believe that making money intraday is the most difficult job...I just appreciate if someone makes money intraday......but its too much for my liking...hahaha....
Regards |
Union Bank result down... BN - 2nd trigger for sell....
Satish |
Result from ICIci good.. but..... NPA not good....... |
BN aug 10364 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4310 Posted: Fri Jul 27, 2012 12:55 pm Post subject: |
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| stevenmat wrote: | | SAM....i get that you're a positional trader.. and that you cant handle intra day swings (lol)..but tell me some thing...how do you sleep at night? thats one of the problems which i face...if i have a huge short-long position..i cant sleep at night..i keep checking global markets all the night.. |
I have that problem too...steve...but normally, I dont bet too much if I'm not too sure about it...I always look for risk-rewards.....if the risk is pretty minimal....then I'll bet a lot...I do trade more with stocks....so, I'll give you an example with stocks....At a time, i'll be looking at at least 15 or 20 opportunities....in a day, at least one or two stocks will come to your comfortable range(means stoploss is pretty close)....I'll go for 3 or 4 such trades in a day...out of that even if I get one good trade, I'll make good money...cos, my risk-reward is more than 1:4 most of the time.....overall, my strategy works...I have confidence in that...so, sleeping at night is not a difficult task....but I worry a lot when I've a lot of position without much hedging and some important events are coming.....anyway, most of the time, I make sure that I have some sort of hedging in place....By hedging means having some LONG position when you're Bearish overall....and having some SHORT position when you're Bullish about the market....it is not difficult find 2 or 3 good buying opportunties even when the market is going down....also, its not difficult to find good selling opportunities even when the markets are heading higher..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4311 Posted: Fri Jul 27, 2012 1:16 pm Post subject: |
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| The market has immediate support around 5110 levels...watch out...current rate is around 5115... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4312 Posted: Fri Jul 27, 2012 1:53 pm Post subject: |
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| 5089 and 5071 are the levels to watch on the downside now....5110-5117 range will be immediate resistance range, above that 5143 could be tested....On the downside, below 5071, expect levels of 5059 and 5026 to be tested, which look unlikely today though.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4313 Posted: Fri Jul 27, 2012 2:01 pm Post subject: |
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| psalm wrote: | | 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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BankNifty has found some support around 10175....and bounced back...the low made as of now is around 10179.....but it has immediate resistance around 10230 and 10340 levels....watch out... |
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rohit44
White Belt
Joined: 05 Jan 2010
Posts: 279
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| Post: #4314 Posted: Fri Jul 27, 2012 2:12 pm Post subject: |
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| psalm wrote: | | rohit44 wrote: | | apka wrote: | | rohit44 wrote: | | psalm wrote: | | 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... |
ufff taken sbi 2050ce eod  |
at what price rohit? i expect 2110 to come in SBIN tomm. |
 bang on tgt apka, just 1 less.... 2010
dil k armaan p-notes me bah gaye... |
You had exited your CALL earlier, right Rohit? |
sorry for late reply yes sam exited at 16.. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4315 Posted: Fri Jul 27, 2012 2:16 pm Post subject: |
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| rohit44 wrote: | | psalm wrote: |
You had exited your CALL earlier, right Rohit? |
sorry for late reply yes sam exited at 16.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4316 Posted: Sun Jul 29, 2012 6:17 pm Post subject: |
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| Latest Nifty havala chart attached |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4317 Posted: Mon Jul 30, 2012 9:42 am Post subject: |
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| Market is trading just below 5160 levels. The high made as of now is around 5157 levels. I expect the range 5161-5177 to give good resistance. If broken, there is chance of it testing 5200-5210 range. I still believe that any upside from here are good selling opportunities. Buying for 50 or 100 point on the upside looks risky to me. Anyway, let's wait and see how the trades pan out today and tomorrow as there is an important event coming up tomorrow (RBI policy meet). |
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shahrachit
White Belt
Joined: 12 Jul 2012
Posts: 117
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| Post: #4318 Posted: Mon Jul 30, 2012 11:25 am Post subject: |
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Long term weekly support chart (Log scale).
Senior views requested. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4319 Posted: Mon Jul 30, 2012 11:37 am Post subject: |
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| shahrachit wrote: | Long term weekly support chart (Log scale).
Senior views requested. |
Yes, as per the trend line, there is some support around 4900 or so.....and will have to wait and see if those levels will hold if there is some selling....by the way, I'm of the belief that the trendline support may not hold....and we might go down to 4800 and then 4300 levels.....one will have to re-assess the situation around 4350-4300 levels IF we reach there. That's what I feel at this point of time...hmn..let's see where we'll be after 2 or 3 months from here.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4320 Posted: Mon Jul 30, 2012 11:58 am Post subject: |
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| if you see the nifty havala chart, 4895NF is strong support |
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