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Nifty View
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Author Nifty View
psalm
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Joined: 12 Nov 2011
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Post: #451   PostPosted: Mon Jan 30, 2012 3:21 pm    Post subject: Reply with quote

psalm wrote:
vinay28 wrote:
sam, looks like nifty is done for today


Cant say that Vinay, cos Nifty is trading below 200-day EMA now. The next support is only around 5075 levels. But may be 5100 will hold i, guess. Let's see.

Regards



Low made now is around 5075.... Smile
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rk_a2003
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Joined: 21 Jan 2010
Posts: 2734

Post: #452   PostPosted: Mon Jan 30, 2012 3:22 pm    Post subject: Reply with quote

Nifty stood for its outperformance upside as well as downside too. 24 24 24
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psalm
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Post: #453   PostPosted: Mon Jan 30, 2012 3:36 pm    Post subject: Nifty Reply with quote

rk_a2003 wrote:
Nifty stood for its outperformance upside as well as downside too. 24 24 24


yup...very much.... Laughing
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ragarwal
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Joined: 16 Nov 2008
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Post: #454   PostPosted: Mon Jan 30, 2012 7:45 pm    Post subject: Reply with quote

sure vinay,silver on 30th jan uptil now
open:57090
high:57090
low:56425
current price at 7.42:56760
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vinay28
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Joined: 24 Dec 2010
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Post: #455   PostPosted: Mon Jan 30, 2012 9:04 pm    Post subject: Reply with quote

Thanks rashmi. That's 1160 above ur price. did u book? if not what is ur SL?

Also, post in another thread so that we don't spoil sam's thread on nifty view
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psalm
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Post: #456   PostPosted: Tue Jan 31, 2012 9:13 am    Post subject: Nifty Outlook for the day Reply with quote

Hi All,

Market is expected to open UP by around 40 points. However, wait for the market to stabilize and then decide which way you want to trade. I still believe the market is heading for lower levels. May be, the market might close around 5030-5040 range even if we open higher. But this is my opinion. It doesn't mean that it will happen. It is possible that we might close very higher than yesterday. So, have good look at the chart yourself before coming to any conclusion.

The levels 5145-5160 will be the supply area today. Expect another round of profit booking or fresh short position around these levels. However, the levels to watch now is the 5180 levels I guess. I dont think 5180 levels will be broken. However, on the down side, 5075-5080 will provide the necessary support. Below that, we might test 5025-5030 levels.

Regards,

Sam
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psalm
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Post: #457   PostPosted: Tue Jan 31, 2012 9:31 am    Post subject: Market Update Reply with quote

Hi,

The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.

Regards,

Sam
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ridinghood
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Post: #458   PostPosted: Tue Jan 31, 2012 9:37 am    Post subject: Reply with quote

thnx for ur timely nifty update psalm brother!
Smile
regs
ridinghood
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rk_a2003
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Post: #459   PostPosted: Tue Jan 31, 2012 9:40 am    Post subject: Re: Market Update Reply with quote

psalm wrote:
Hi,

The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.

Regards,

Sam


It’s an intelligent and apt call though bold Sam!

I do accept with you that the Market is not going to run up from here any way. Risk is relatively less for short traders as you said.Still there is no gurantee of going down too.
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anand1234
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Joined: 17 Jul 2010
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Post: #460   PostPosted: Tue Jan 31, 2012 9:41 am    Post subject: Re: Market Update Reply with quote

psalm wrote:
Hi,

The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.

Regards,

Sam


hi.....

it will b nifty spot wright??

thanks
anand
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psalm
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Post: #461   PostPosted: Tue Jan 31, 2012 9:47 am    Post subject: Re: Market Update Reply with quote

anand1234 wrote:
psalm wrote:
Hi,

The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.

Regards,

Sam


hi.....

it will b nifty spot wright??

thanks
anand


Yes Anand....spot prices...as always....

Regards
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vinay28
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Post: #462   PostPosted: Tue Jan 31, 2012 9:50 am    Post subject: Reply with quote

I think 5160 NS is possible but I agree with you sam in trying a short, but only for today or at the most tmrw morning.
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psalm
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Post: #463   PostPosted: Tue Jan 31, 2012 9:51 am    Post subject: Re: Market Update Reply with quote

rk_a2003 wrote:
psalm wrote:
Hi,

The market is around 5145 now. I think its a good place to start shorting the market again. I dont expect more than 15 or 20 points from here on the UP. Lot of stocks have come to their resistances now. If interested, traders can look to short the market and stocks from here.

Regards,

Sam


It’s an intelligent and apt call though bold Sam!

I do accept with you that the Market is not going to run up from here any way. Risk is relatively less for short traders as you said.Still there is no gurantee of going down too.


Yes RK....the probability of another profit booking is higher at these levels. So, rather than going LONG, its safer to short the market....because the STOPLOSS is pretty much near and clear.... Smile
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psalm
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Post: #464   PostPosted: Tue Jan 31, 2012 9:52 am    Post subject: Reply with quote

ridinghood wrote:
thnx for ur timely nifty update psalm brother!
Smile
regs
ridinghood


Smile
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psalm
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Post: #465   PostPosted: Tue Jan 31, 2012 9:53 am    Post subject: Reply with quote

vinay28 wrote:
I think 5160 NS is possible but I agree with you sam in trying a short, but only for today or at the most tmrw morning.


So, are you expecting the market to breakout from these levels, Vinay??
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