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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #5716  Posted: Wed Oct 31, 2012 7:37 am Post subject: |
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| vinay incidentally, 55ema @ 5542 and 50sma @ 5543. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5717 Posted: Wed Oct 31, 2012 1:17 pm Post subject: |
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Yesterday 5700ce had added about 17 lakh shares and today around 12 lakh shares. It has the highest OI along with 5900ce and 5600pe and 5300pe are right behind it.
5700-6000pe are shedding OI.
If eod 5700ce additions remains above 10 lakh shares for intraday then I guess we should further towards 5500. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #5718 Posted: Wed Oct 31, 2012 1:49 pm Post subject: |
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Watchout NS 5625 .If it's not breaking out on EOD basis.Weakness remains in Indian market..
US markets may go up after 2 day's forced holidays.US Insurance and Financial stocks could be under pressure and may drag down US market at a later stage. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5719 Posted: Wed Oct 31, 2012 2:05 pm Post subject: |
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| rk_a2003 wrote: | Watchout NS 5625 .If it's not breaking out on EOD basis.Weakness remains in Indian market..
US markets may go up after 2 day's forced holidays.US Insurance and Financial stocks could be under pressure and may drag down US market at a later stage. |
auto stocks may have a good quarter |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5720 Posted: Wed Oct 31, 2012 2:27 pm Post subject: |
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| month of sept closed at about 5703 |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5721 Posted: Wed Oct 31, 2012 2:53 pm Post subject: |
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should i exit my shorts? i'm in very little profit region...but carrying a position makes me worrisome after trading hours (tensed on how markets will open the next day  ) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5722 Posted: Wed Oct 31, 2012 2:57 pm Post subject: |
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| yes steve otherwise SL should be 5649/75NF |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5723 Posted: Wed Oct 31, 2012 3:12 pm Post subject: |
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| psalm wrote: | Today's move definitely look like a breakdown....5590, which is around today's low, is the immediate support...if tomorrow is another down-day, then there is every possibility that this minor support will be broken again...in that case, I dont see much support up to the range 5540-5520....levels around 5520 is the next significant support; below that even 5434-5415 area (as mentioned by Steven) could be tested with 5492 offering minor support....I have short position in the NIFTY, taken around 5645...have plans to exit half around 5540 and then around 5495....let's see if we really test those levels in the coming days....On the upside, levels around 5640-5660 would be a good area to initiate fresh shorts with 30 or 40 point stop, I feel....Let's see how the things go from here...  |
Samji what is your view now on Nifty? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5724 Posted: Wed Oct 31, 2012 3:56 pm Post subject: |
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| stevenmat wrote: | | should i exit my shorts? i'm in very little profit region...but carrying a position makes me worrisome after trading hours (tensed on how markets will open the next day ) |
its why i had my trgt at 5580-5590, nifty had support there. if 2 days we dont fall 50ema will rise up.
but the eod addition is near 8 lakhs in 5700ce and despite 22+ positive points closing by nifty, 5700ce has closed below its yesterdays closing price. Same case in 5800ce 5900ce 6000ce. A negative net change, suggesting shorting happening in them. But part blame is at VIX, falling VIX also makes option premium reduce. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5725 Posted: Wed Oct 31, 2012 4:33 pm Post subject: |
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thanks  anyways todays trade is done...lets wait and watch for tmrw!!
todays is halloween guys...party !! yayy!!  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5726 Posted: Wed Oct 31, 2012 6:12 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Today's move definitely look like a breakdown....5590, which is around today's low, is the immediate support...if tomorrow is another down-day, then there is every possibility that this minor support will be broken again...in that case, I dont see much support up to the range 5540-5520....levels around 5520 is the next significant support; below that even 5434-5415 area (as mentioned by Steven) could be tested with 5492 offering minor support....I have short position in the NIFTY, taken around 5645...have plans to exit half around 5540 and then around 5495....let's see if we really test those levels in the coming days....On the upside, levels around 5640-5660 would be a good area to initiate fresh shorts with 30 or 40 point stop, I feel....Let's see how the things go from here... |
Samji what is your view now on Nifty? |
Sorry for replying a bit late, Taxmann...I was not online after around 1 PM...that's why didn't reply on time......by the way, there is no change in my position. I'm overall SHORT on the market though still carrying a few individual stock LONGs.....Market may visit 5640-5660 area tomorrow, if it is an UP-DAY. Having said that, I'm more bearish about the market now than I was a few days back after today's monthly candle close. Now, I feel that market will find it difficult to break above 5800 again. May be we have made the top already. I know that most of the people may not agree with me; and they have every right to be so. But I have a feeling that the medium term bullish trend is over for the moment. Having said that there could be brisk moves to unsettle the bears which may take the market to 5770-5780 levels; I wont rule out that. From tomorrow onwards, I'll be looking to SELL ON EVERY RALLIES. This view will change only if the market makes a weekly close above the recent highs. I believe that VIX is about to give a breakout on the upside. This could happen in the coming week or the one after that. Anyway, within the next 2 weeks, I expect the VIX to start moving up much higher from current levels. Immediate target is around 20-20.5 range and then the next level to watch out will be around 25. Above 25 or 26 levels, the volatility could just go up exponentially. Anyway, let's see how the market perform in November.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5727 Posted: Wed Oct 31, 2012 6:19 pm Post subject: |
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| stevenmat wrote: | thanks anyways todays trade is done...lets wait and watch for tmrw!!
todays is halloween guys...party !! yayy!! |
It was on 31st October that Indira Gandhi was assassinated......  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5728 Posted: Wed Oct 31, 2012 7:13 pm Post subject: |
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sam, monthly candle looks bad due to freak trade. if you ignore that, monthly candle is merely an imperfect inverted hammer. And you should ignore it since NF chart doesn't have such an anomoly.
If one igonres that, a bullish flag can give 6100+.
Can someone post monthly NF chart? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5729 Posted: Wed Oct 31, 2012 7:35 pm Post subject: |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5730 Posted: Wed Oct 31, 2012 7:38 pm Post subject: |
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| many thanks apka. this chart gives me an impression that there is a possibility of a gap up opening tmrw or a big green candle |
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