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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #511 Posted: Wed Feb 01, 2012 12:27 pm Post subject: |
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anand1234 wrote: | vinay28 wrote: | NS not breaking 5171. 12 to 13.30 pm crucial. If it doesn't break, it means it is only a consolidation in an uptrend and we may see about 5300 |
hi............vinay
broked 5171................now what??
thanks
anand |
Watchout for 5140-5145 levels now...anand...On the upside, watchout for 5180.....
Regards |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #512 Posted: Wed Feb 01, 2012 12:28 pm Post subject: |
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now 5120 possible |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #513 Posted: Wed Feb 01, 2012 12:29 pm Post subject: |
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vinay28 wrote: | now 5120 possible |
yes possible....below 5140, 5120 is the next level...5119. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #514 Posted: Wed Feb 01, 2012 12:37 pm Post subject: Nifty Update |
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5143 will be a key level...because, if it closes below 5143, then the closing will be below the 3-day EMA...which is not good...Thats y I expect market to find some support around 5143. But if gone below 5119 is the next support. |
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anand1234 Yellow Belt
Joined: 17 Jul 2010 Posts: 830
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Post: #515 Posted: Wed Feb 01, 2012 1:14 pm Post subject: |
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hi.............plasm
just for quiry............when doller is up than rupee............then MKt is falling............if down than rupee........then mkt is getting up....just vise-versa.....today doller is up...............so every chanceses is dwn for NS??..........pls guide
tyhanks
anand |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #516 Posted: Wed Feb 01, 2012 1:21 pm Post subject: |
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anand1234 wrote: | hi.............plasm
just for quiry............when doller is up than rupee............then MKt is falling............if down than rupee........then mkt is getting up....just vise-versa.....today doller is up...............so every chanceses is dwn for NS??..........pls guide
tyhanks
anand |
Its too early to comment on that, anand....I have been hearing about oil market companies buying dollar from the market heavily. If thats the case, then it has nothing to do with our market. However, if the FIIs are buying dollar, then it could be because some of them might be withdrawing the money. In that case, the market might come off a bit. But its too early to comment on that.
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #517 Posted: Wed Feb 01, 2012 1:29 pm Post subject: |
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NS has taken support from daily pivot far |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #518 Posted: Wed Feb 01, 2012 1:34 pm Post subject: |
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big spurt up! |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #519 Posted: Wed Feb 01, 2012 1:43 pm Post subject: Market Update |
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Whenever, the market goes down, some buying is happening Vinay....It doesn't mean all is well. It shows people are not really pessimistic now. May be, this is what required for a sell off. By the way, I expect the market to be under pressure for the rest of the week. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #520 Posted: Wed Feb 01, 2012 1:50 pm Post subject: |
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market going into overbought zone and a -ve div may be developing |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #521 Posted: Wed Feb 01, 2012 2:06 pm Post subject: Nifty |
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vinay28 wrote: | market going into overbought zone and a -ve div may be developing |
Anything is possible...its an AVOID as far as the Index Trading is concerned. No direction at all, especially intraday trades....Even the market looks confused... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #522 Posted: Wed Feb 01, 2012 2:08 pm Post subject: |
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Nifty is commanding a premium of around 30 now.... |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #523 Posted: Wed Feb 01, 2012 2:09 pm Post subject: |
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waiting to see if 5218 is crossed for good |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #524 Posted: Wed Feb 01, 2012 2:11 pm Post subject: |
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Levels 5225-5250 will be the area to watch...I expect some reversal from there....One thing I have noticed is that BankNifty looks tired. Maybe waiting for the overall market direction, I guess. At this moment, one will have to consider that the BankNifty has topped out. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #525 Posted: Wed Feb 01, 2012 2:13 pm Post subject: |
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vinay28 wrote: | waiting to see if 5218 is crossed for good |
If possible, watchout the Sensex Levels as well...17360... |
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