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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #4516  Posted: Thu Aug 09, 2012 12:38 pm Post subject: |
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Dear apka,
Yesterday 5300 CE high was 131.3 not 121 as per NSE.
chandru. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4517 Posted: Thu Aug 09, 2012 12:43 pm Post subject: |
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| sachin79 wrote: | | very likely today wil b trend changing day in western mkts.. |
Lot of data are scheduled today...especially the jobless claims......but I expect the market to be rangebound for another day or two...before going up or down.....I feel that most of the European markets have already topped out....and are looking for some reason to go down.....but who knows what's in store...so, let's wait and watch... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4518 Posted: Thu Aug 09, 2012 12:54 pm Post subject: |
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| sachin79 wrote: | | very likely today wil b trend changing day in western mkts.. |
yeh possible sbin down before results and if now yesterdays low breach 5330 spot i may short. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4519 Posted: Thu Aug 09, 2012 12:59 pm Post subject: |
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| apka wrote: | | sachin79 wrote: | | very likely today wil b trend changing day in western mkts.. |
yeh possible sbin down before results and if now yesterdays low breach 5330 spot i may short. |
Apka, did you see the high of SBI yesterday?....2089....  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4520 Posted: Thu Aug 09, 2012 1:12 pm Post subject: |
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| psalm wrote: | | apka wrote: | | sachin79 wrote: | | very likely today wil b trend changing day in western mkts.. |
yeh possible sbin down before results and if now yesterdays low breach 5330 spot i may short. |
Apka, did you see the high of SBI yesterday?....2089.... |
Indeed!
It started from 2005 to 2089 in 2 days now back to near 2005 and market didnt breach 5330 yesterdays low. so another hour of hovering we may see short covering. still expecting 5430. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4521 Posted: Thu Aug 09, 2012 1:26 pm Post subject: |
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| apka wrote: | | psalm wrote: | | apka wrote: | | sachin79 wrote: | | very likely today wil b trend changing day in western mkts.. |
yeh possible sbin down before results and if now yesterdays low breach 5330 spot i may short. |
Apka, did you see the high of SBI yesterday?....2089.... |
Indeed!
It started from 2005 to 2089 in 2 days now back to near 2005 and market didnt breach 5330 yesterdays low. so another hour of hovering we may see short covering. still expecting 5430. |
The stock may test those levels again, Apka...but I'm less hopeful of the overall markets....it will be pretty difficult to break above yesterday's high, I feel....even if it does, I believe it will just be like a whipsaw....may not be able to sustain......anyway, let's see how it goes.....
This rally has nothing to do with Fundamental or technical I guess....pure liquidity play.....so, getting difficult to predict....it happened with me earlier as well....when we gone above 5100 levels in January, I had exited my LONGs and became a bear....when the market was going up relentlessly, I was like "come on...this cannot happen"... ...but the same thing used to happen next day......... ...the market went on to make a high around 5630....By the way, I changed my attitude by around 5300 levels...so made some money in the latter part of that rally....so, at this point of time, I'm not going to predict...though, I'm pretty bearish about the market and having almost all the position in the SHORT side....Having said that I have stopped fighting liquidity....I dont have the courage anymore....Though I want the market to crash, if there is some hints of another rally, I might exit my SHORTs....I'm now mentally prepared for an upmove also.....  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #4522 Posted: Thu Aug 09, 2012 1:42 pm Post subject: |
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spot below 5330>>> at 01:43pm......
SBI below 1990 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4523 Posted: Thu Aug 09, 2012 1:47 pm Post subject: |
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| chetan83 wrote: | spot below 5330>>> at 01:43pm......
SBI below 1990 |
Yes, Chetan....both are looking weak...but SBI "MAY" perform better because of some speculation before its result (not sure about that)....but overall market looks weak....anyway, I still believe that 5240 levels will be held for the weak...so, not expecting huge moves......By the way, I'm not worried as the market is going down.....but still, lets wait and see if 5240 will be held this week....  |
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chetan83
Brown Belt
Joined: 19 Feb 2010
Posts: 2036
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| Post: #4524 Posted: Thu Aug 09, 2012 2:17 pm Post subject: |
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| psalm wrote: | | chetan83 wrote: | spot below 5330>>> at 01:43pm......
SBI below 1990 |
Yes, Chetan....both are looking weak...but SBI "MAY" perform better because of some speculation before its result (not sure about that)....but overall market looks weak....anyway, I still believe that 5240 levels will be held for the weak...so, not expecting huge moves......By the way, I'm not worried as the market is going down.....but still, lets wait and see if 5240 will be held this week.... |
Yes Sam,
For ur mentioned reason I had bought Call and Put of SBIN
1950PE at 55
2000CE at 63
my target is at least 149 or SL - 90 |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4525 Posted: Thu Aug 09, 2012 2:26 pm Post subject: |
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Pathetic UK Trade Balance data were anounced a while earlier....trade balance decreases to £-5.176B in Jun and Goods Trade Balance falls to £-10.119B....Q2 traded goods deficit widens to a record £28.3bn....but the market there seems not worried at all.....it has gone up from the lows... .....
"as somebody pointed out, they went up cos, they were down for a while....markets going down means more QE".....So, gone up again.... ....crazy markets...  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #4526 Posted: Thu Aug 09, 2012 2:38 pm Post subject: |
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| lol, it is crazy. the Investors are like the owners of a house and they want the govt to send in the carpenter and plumber to fix in their problem. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4527 Posted: Thu Aug 09, 2012 2:43 pm Post subject: |
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| apka wrote: | | lol, it is crazy. the Investors are like the owners of a house and they want the govt to send in the carpenter and plumber to fix in their problem. |
Another comment is that the Algos didn't understand the data....and started buying stocks....like the KCG glitch last week.... |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #4528 Posted: Thu Aug 09, 2012 3:23 pm Post subject: |
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| deleted........ |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #4529 Posted: Thu Aug 09, 2012 3:27 pm Post subject: |
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| saumya12 wrote: | | When no time left for trading, NIFTY (NS & NF) making H&S in 5 min TF. |
yea....correct...another thing is that today's candle is the confirmation that yesterday's candle was a shooting star....a doji star.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #4530 Posted: Thu Aug 09, 2012 3:28 pm Post subject: |
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| Samji what is your preview for tomorrow? |
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