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apka
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Joined: 13 Dec 2011
Posts: 6137
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Post: #5731  Posted: Wed Oct 31, 2012 7:41 pm Post subject: |
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| vinay28 wrote: | | 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 |
hmm sept and oct 2012 candles are replica of 17-18 candles behind in 2011 when we started falling from 5900.. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #5732 Posted: Wed Oct 31, 2012 7:56 pm Post subject: |
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don't spread a scare! 
That time it was in a downtrend, apka |
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apka
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Joined: 13 Dec 2011
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| Post: #5733 Posted: Wed Oct 31, 2012 8:02 pm Post subject: |
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| vinay28 wrote: | don't spread a scare!
That time it was in a downtrend, apka |
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apka
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| Post: #5734 Posted: Thu Nov 01, 2012 11:09 am Post subject: |
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| apka wrote: | | 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. |
today nifty is -10 and VIX is flatish, still puts right upto 5300pe are seeing positive net change. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5735 Posted: Thu Nov 01, 2012 12:01 pm Post subject: |
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| i'm adding onto my shorts now... |
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apka
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Joined: 13 Dec 2011
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| Post: #5736 Posted: Thu Nov 01, 2012 12:07 pm Post subject: |
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| stevenmat wrote: | | i'm adding onto my shorts now... |
hey im just updating u guys.. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5737 Posted: Thu Nov 01, 2012 12:10 pm Post subject: |
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| apka wrote: | | stevenmat wrote: | | i'm adding onto my shorts now... |
hey im just updating u guys.. |
Thx for the updates apka,
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #5738 Posted: Thu Nov 01, 2012 12:26 pm Post subject: |
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| Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
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SP50
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Joined: 26 Nov 2010
Posts: 1615
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| Post: #5739 Posted: Thu Nov 01, 2012 12:48 pm Post subject: |
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| psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
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psalm
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Joined: 12 Nov 2011
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| Post: #5740 Posted: Thu Nov 01, 2012 12:57 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
reaching 5690 today will be difficult, Taxmann......even if Europe opens up with a gap and then trades bullishly.....but 5660-5665 could be possible....I'll be surprised if we break above 5665 today....anyway, let's wait and see how we perform in the second half.... |
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psalm
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Joined: 12 Nov 2011
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| Post: #5741 Posted: Thu Nov 01, 2012 1:02 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
reaching 5690 today will be difficult, Taxmann......even if Europe opens up with a gap and then trades bullishly.....but 5660-5665 could be possible....I'll be surprised if we break above 5665 today....anyway, let's wait and see how we perform in the second half.... |
By the way, Europe is expected to open flat to slightly positive.... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5742 Posted: Thu Nov 01, 2012 1:47 pm Post subject: |
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| psalm wrote: | | psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
reaching 5690 today will be difficult, Taxmann......even if Europe opens up with a gap and then trades bullishly.....but 5660-5665 could be possible....I'll be surprised if we break above 5665 today....anyway, let's wait and see how we perform in the second half.... |
By the way, Europe is expected to open flat to slightly positive.... |
Samji any reason for this bullishness,  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5743 Posted: Thu Nov 01, 2012 1:58 pm Post subject: |
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| taxmann50 wrote: | | psalm wrote: | | psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
reaching 5690 today will be difficult, Taxmann......even if Europe opens up with a gap and then trades bullishly.....but 5660-5665 could be possible....I'll be surprised if we break above 5665 today....anyway, let's wait and see how we perform in the second half.... |
By the way, Europe is expected to open flat to slightly positive.... |
Samji any reason for this bullishness, |
You dont need any reason for bullishness these days, Taxmann...market goes up for all the rights and wrongs.....for example, if the damages caused by Sandy is less, then the market will go up saying the traders are relieved of the less impact Sandy has had....however, if the damages are heavy, then the market will go up saying that the rebuilding process can rejuvenate the slowing economy.....By the way, I dont know any specific reason at this point of time....and I am not aware of any specific reason....
NOTE: There is a rumour that Sandy has triggered another QE...  ...market is overjoyed because of that I guess....
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #5744 Posted: Thu Nov 01, 2012 2:03 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | Levels around 5642 is the immediate resistance...but I wont be surprised to see the market testing 5660-65 levels.....even if it is broken, there will be significant resistance around 5690 levels......so, breaking above 5700 look pretty difficult at this point of time....let's see how the market behaves around those levels.... |
Yes Samji, if europe is strong in green today like you said 5690 is a possibility, |
reaching 5690 today will be difficult, Taxmann......even if Europe opens up with a gap and then trades bullishly.....but 5660-5665 could be possible....I'll be surprised if we break above 5665 today....anyway, let's wait and see how we perform in the second half.... |
By the way, Europe is expected to open flat to slightly positive.... |
Samji any reason for this bullishness, |
You dont need any reason for bullishness these days, Taxmann...market goes up for all the rights and wrongs.....for example, if the damages caused by Sandy is less, then the market will go up saying the traders are relieved of the less impact Sandy has had....however, if the damages are heavy, then the market will go up saying that the rebuilding process can rejuvenate the slowing economy.....By the way, I dont know any specific reason at this point of time....and I am not aware of any specific reason....
NOTE: There is a rumour that Sandy has triggered another QE... ...market is overjoyed because of that I guess....
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Right some expectation and more asset bubble, look at the banks be it Pvt or PSU all are rallying as if there is a rate cut by RBI.
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5745 Posted: Thu Nov 01, 2012 2:21 pm Post subject: |
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| taxmann50 wrote: | look at the banks be it Pvt or PSU all are rallying as if there is a rate cut by RBI.
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For the banks, the current move looks more like a pullback....anyway, let's wait and watch... |
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