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Nifty View |
psalm
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Joined: 12 Nov 2011
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Post: #466  Posted: Tue Jan 31, 2012 9:59 am Post subject: |
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BankNifty:
One can start thinking about shorting BankNifty. The range 9780-9810 can be used for shorting the index. The stoploss can be just above 9840.
Regards,
Sam |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #467 Posted: Tue Jan 31, 2012 10:00 am Post subject: |
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| yes likely. I feel lower level will be restricted to 5090/5075/5058/5035 |
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psalm
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| Post: #468 Posted: Tue Jan 31, 2012 10:10 am Post subject: |
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| vinay28 wrote: | | yes likely. I feel lower level will be restricted to 5090/5075/5058/5035 |
I'm giving it a 30% chance....I give 70% chance for a sell-off from here...Let's wait and see... 
Regards,
Sam |
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vinay28
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| Post: #469 Posted: Tue Jan 31, 2012 12:49 pm Post subject: |
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| NF made a new high but not NS so far. Play on premium going on. |
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psalm
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Joined: 12 Nov 2011
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| Post: #470 Posted: Tue Jan 31, 2012 12:58 pm Post subject: |
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| vinay28 wrote: | | NF made a new high but not NS so far. Play on premium going on. |
The levels I'm watching now is 5167 and then 5178.... |
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vinay28
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| Post: #471 Posted: Tue Jan 31, 2012 1:09 pm Post subject: |
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| may be higher also. Ideal time to short though. 1.30 and 3 pm crucial |
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psalm
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| Post: #472 Posted: Tue Jan 31, 2012 1:23 pm Post subject: |
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| vinay28 wrote: | | may be higher also. Ideal time to short though. 1.30 and 3 pm crucial |
Cant rule out higher levels....But I'm selling Stocks now....more and more stocks than index....I already have enough index positions.... |
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psalm
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Posts: 5368
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| Post: #473 Posted: Tue Jan 31, 2012 1:43 pm Post subject: |
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| psalm wrote: | BankNifty:
One can start thinking about shorting BankNifty. The range 9780-9810 can be used for shorting the index. The stoploss can be just above 9840.
Regards,
Sam |
BankNifty is trading around 9795 levels. The high made today is around 9815. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #474 Posted: Tue Jan 31, 2012 2:14 pm Post subject: |
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| hmmmmm. sam the karodpati! |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #475 Posted: Tue Jan 31, 2012 2:21 pm Post subject: |
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| hahaha.....If the market goes down, then I'll make money.....Else, I wont lose much.....Thats y I'm selling a lot....The risk reward at these levels is really good.... |
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psalm
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Posts: 5368
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| Post: #476 Posted: Tue Jan 31, 2012 2:34 pm Post subject: Nifty Closing |
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Watch out for the closing. If Nifty closes above 5145, then it might help the Bulls. However, if it closes below 5145, then the slight bearishness will still prevail.
NOTE: If it closes below 5145, it will be below the 3-day EMA.
Regards |
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vinay28
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| Post: #477 Posted: Tue Jan 31, 2012 2:42 pm Post subject: |
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| hopefully we will stop at 5168 |
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vinay28
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| Post: #478 Posted: Tue Jan 31, 2012 2:56 pm Post subject: |
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| now waiting for 3 pm. if it doesn't go down then above 5200 it's a buy |
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maddyprincess
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Joined: 15 Nov 2011
Posts: 160
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| Post: #479 Posted: Tue Jan 31, 2012 2:59 pm Post subject: |
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Looks NF commanding high premium !
To let bears squeeze !
As someone said we need high volatility to end the journey up
Maddy |
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psalm
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| Post: #480 Posted: Tue Jan 31, 2012 3:07 pm Post subject: |
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| maddyprincess wrote: | Looks NF commanding high premium !
To let bears squeeze !
As someone said we need high volatility to end the journey up
Maddy |
That's correct....High volatility or high premium is the norm....Let's see how it goes....Anyway, for the short sellers, the risk reward is good...but for the LONG guys, its better to wait for a bit more....I guess.
Regards, |
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