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psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4351

Posted: Tue Jul 31, 2012 9:51 am Post subject:

anand1234 wrote:

hi.....sam

cac....dax......fitse....dow fut........all r almost up by 2%........then new up movement will follow from tomorrow onwords..........5043....will b bottom for time being??.........(rbi police on 31/7/12)...pls suggest

thx
anand

hi...........sam

remember wt I told on 27/7/12.........nf may done the bottom.....5043...........next upmove started......got 160 pts 5210.........today is rbi policy.........mkt expectation is not changing any policy.......so if nothing change will happen then may not c much downfall from here......but if any cut abt 25 or 50 bps ...then we may c sharp rally towards 5300...........
CAUTION: But dont trade any infra or bank stock today.......because if dont changing any policy then we may c sharp fall in those sector .......if any cuts then sharp rally also b seen......just vise versa..........better to avoide those sector for the day..
JUST MY OBSERVATION...........ur comments is needed.....

thx
anand

There is only a small difference in ideas, Anand......though you have found 150-200 point upmove as as buying opportunity, I have found it as a selling opportunity......You have made money in your trade.....now, let me see if there is any chance of making money for me...... Smile

....but again, its anyone's guess..... Rolling Eyes

....

NOTE: I really dont believe that a bottom has been made at 5043.....anyway, let's wait and see... Smile

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4352

Posted: Tue Jul 31, 2012 9:55 am Post subject:

saumya12 wrote:

A superb analysis of the situation, SAM.
A possibility, even after a 25 bps cut, after sometime (today itself) the market may not find it sufficient and go for a correction.
Let us watch the situation.

yes, you're right, Saumya....even if there is a 25bps cut, the market may react on the up for a moment and then could go down.....it is very much possible...

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4353 Posted: Tue Jul 31, 2012 10:59 am Post subject: RBI

RBI keeps key rates unchanged.....lowers SLR level

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4354 Posted: Tue Jul 31, 2012 11:00 am Post subject:

RBI cuts SLR from 24% to 23%

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4355 Posted: Tue Jul 31, 2012 11:04 am Post subject:

RBI cuts FY13 GDP growth forecast to 6.5% vs 7.3%.... had raised FY13 inflation forecast to 7% vs 6.5% earlier.....

SP50
Brown Belt

Joined: 26 Nov 2010
Posts: 1615

Post: #4356 Posted: Tue Jul 31, 2012 11:05 am Post subject:

Sam what should be the stoploss for short now? I am short @5210 level NF. Shall i square off?

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4357

Posted: Tue Jul 31, 2012 11:11 am Post subject:

taxmann50 wrote:

Sam what should be the stoploss for short now?

I am short @5210 level NF. Shall i square off?

My stop is above 5270, Taxmann.....but I will suggest you to hold them....cos, nothing much is happening in the market now.....so, just wait for a while with a 20 or 30 pt stop.....anyway, its up to u...cos, you know how much you can afford rit...... Smile

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4358 Posted: Tue Jul 31, 2012 11:24 am Post subject:

will be offline for a while....could be back soon....

anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #4359

Posted: Tue Jul 31, 2012 11:29 am Post subject:

anand1234 wrote:

hi.........sam

look wt i told........not rate cut happens......infra & bank felt al most 2% - 3%............but wt I told .....I am stick on that......dont think much dwn from here........its a bear traping trade is going on.......so be carefull abt shorters.......at the end of the may close at positive....
pls comments on that.....

thx
anand

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4360 Posted: Tue Jul 31, 2012 11:35 am Post subject:

back...

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4361 Posted: Tue Jul 31, 2012 11:43 am Post subject:

Immediate support for the market is around 5141, below that we may test 5110 levels....

Vinodz
White Belt

Joined: 13 Aug 2011
Posts: 78

Post: #4362

Posted: Tue Jul 31, 2012 12:14 pm Post subject: 5141 nifty future or spot lvls ?

5141 nifty future or spot lvls ?

thanks sam

psalm wrote:

Immediate support for the market is around 5141, below that we may test 5110 levels....

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4363

Posted: Tue Jul 31, 2012 12:18 pm Post subject: Re: 5141 nifty future or spot lvls ?

Vinodz wrote:

5141 nifty future or spot lvls ?

thanks sam

psalm wrote:

Immediate support for the market is around 5141, below that we may test 5110 levels....

All the levels i mention here are spot levels....Vinod.....

psalm
Black Belt

Joined: 12 Nov 2011
Posts: 5368

Post: #4364 Posted: Tue Jul 31, 2012 12:19 pm Post subject:

I expect the range 5190-5210 range to give considerable resistance from here onwards...so, any moves up to this area can sold, I feel...

anand1234
Yellow Belt

Joined: 17 Jul 2010
Posts: 830

Post: #4365

Posted: Tue Jul 31, 2012 3:10 pm Post subject:

anand1234 wrote:

happy trading.........
2guns

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