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sachin79
White Belt
Joined: 07 May 2011
Posts: 55
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Post: #4471  Posted: Tue Aug 07, 2012 1:12 pm Post subject: |
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| gap left on 3rd apr'12 at 5378.75 still unfilled..dis time it wil get filled |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4472 Posted: Tue Aug 07, 2012 1:31 pm Post subject: |
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| The market has immediate resistance around 5340.....above that it could test 5400 levels....watch out... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4473 Posted: Tue Aug 07, 2012 1:34 pm Post subject: |
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| European markets are also, nearing their resistances....for example, DAX has significant resistance around 6980.....around today's high...however, if broken, there could be another good upmove possible....so, be cautious... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4474 Posted: Tue Aug 07, 2012 2:06 pm Post subject: |
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| 1st time seeing VIX under 16. taking a screenshot. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4475 Posted: Tue Aug 07, 2012 2:23 pm Post subject: |
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| Quote: | | The peak ever recorded on the NIFTY VIX was 85 in April 2008 and the lowest ever recorded was 16.7 in March, 2012 |
As per options calculator, at current price positions if VIX was near 85 then 5400ce next strike price would have been trading near 400!!!! wow |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4476 Posted: Tue Aug 07, 2012 2:24 pm Post subject: |
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| apka wrote: | | 1st time seeing VIX under 16. taking a screenshot. |
VIX was around 15.5 a few days back....right??.... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4477 Posted: Tue Aug 07, 2012 2:38 pm Post subject: |
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| psalm wrote: | | apka wrote: | | 1st time seeing VIX under 16. taking a screenshot. |
VIX was around 15.5 a few days back....right??.... |
it was? i didnt see  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4478 Posted: Tue Aug 07, 2012 2:46 pm Post subject: |
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| apka wrote: | | psalm wrote: | | apka wrote: | | 1st time seeing VIX under 16. taking a screenshot. |
VIX was around 15.5 a few days back....right??.... |
it was? i didnt see |
27th July... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4479 Posted: Tue Aug 07, 2012 3:10 pm Post subject: |
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| ITALIAN and SPANISH bond yields are going up after a few days of sliding.....it started after the announcement of the Italian GDP....the positive implication it could have is the QE from ECB as early as possible....however, if the QE doesn't come, then its a negative for the markets....not only for those countries...but for other the Europe as a whole and thus affecting the global markets... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4480 Posted: Wed Aug 08, 2012 9:43 am Post subject: |
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| Today, the market might find resistance in the range 5365-5375 range, I feel. If broken, there is chance of it testing levels around 5400. On the downside, the market might find support around 5325-5330 levels. Current rate is around 5359. Watch out. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4481 Posted: Wed Aug 08, 2012 9:55 am Post subject: |
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| Many key stocks are around their resistances...for example, SBI, INFY, Reliance, LT , ICICI Bank, TCS etc.....so, one must be careful, I feel.....positive thing is that if the resistances are broken, then one can expect another good rally in the market...however, if these resistances are held, then a good correction or sell-off might happen.....watch out... |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #4482 Posted: Wed Aug 08, 2012 9:59 am Post subject: |
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| Sam: Fantastic analysis. Keep up the good work. Prakash Holla |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4483 Posted: Wed Aug 08, 2012 10:09 am Post subject: |
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Yes.
Previous fall started from these levels |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4484 Posted: Wed Aug 08, 2012 11:28 am Post subject: |
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As I have mentioned earlier, I look at Dollar equivalent of our indices to have some clues regarding the current situation or the trend. One must realize that though Sensex and Nifty have broken out above their recent highs, their Dollar equivalents (DOLLEX-30 and DEFTY) haven't broken about their highs yet. Have an eye on them as well....might help in some way or other, I feel....  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4485 Posted: Wed Aug 08, 2012 1:08 pm Post subject: |
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| NIKKEI has formed a candle very much similar to a "Shooting Star" today......Hang Seng is making a something like "Bearish Engulfing" pattern with "Open High"....Chinese market has closed just around its resistance of 2160 levels....Nothing much to worry yet...but there is plenty to be cautious of....so, watch out guys.... |
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