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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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Post: #5791  Posted: Fri Nov 02, 2012 5:08 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | | taxmann50 wrote: | 40 points NF premium,  |
You can interpret it in two ways, Taxmann...for an optimist, it means extreme bullishness....for a pessimist, it means a trap.... don't ask me which group I belong....... |
 true,
Well I am still holding on to my shorts, will book a huge loss I guess but I think covering the shorts now will be regrettable, |
Yup..that's what I feel....we're pretty close to the turning point I feel....it could swing either way though...anyway, I have exited all my LONGS (stocks) and bought a few PUTs while holding my earlier Nifty SHORTs...will be adding again on monday....let's see... |
i dont want to average out again...already in 50% loss.. had bought 5600PE at 56
@taxmann : i hope ur position is better than mine |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #5792 Posted: Fri Nov 02, 2012 7:08 pm Post subject: hi |
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nifty spot
once again 5713 acted its role
let us see.....
Chirag. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5793 Posted: Fri Nov 02, 2012 7:42 pm Post subject: |
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| steve, you may be lucky at the most till Thursday but probably not not after that. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5794 Posted: Fri Nov 02, 2012 7:47 pm Post subject: |
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| vinay28 wrote: | | steve, you may be lucky at the most till Thursday but probably not not after that. |
why? whats happening on thursday?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5795 Posted: Fri Nov 02, 2012 8:06 pm Post subject: |
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steve, first of all, daily candle is a doji star. So if Monday opens gap down and also closes well below 5645 then we may see lower levels. If however, Monday opens gap up again and is a green candle, evening star is defeated and you should get out.
Secondly, 9th is my important date. No further comment on this. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #5796 Posted: Fri Nov 02, 2012 9:13 pm Post subject: |
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| vinay28 wrote: | steve, first of all, daily candle is a doji star. So if Monday opens gap down and also closes well below 5645 then we may see lower levels. If however, Monday opens gap up again and is a green candle, evening star is defeated and you should get out.
Secondly, 9th is my important date. No further comment on this. |
Today is Evening Doji Star and is a reversal candlestick pattern.
The description of Evening Star is "Occurs after an uptrend. The 2nd day (read today) gaps higher, but trades in a small range. The gapup indicates extreme greed but bears step in (sell when others are greedy) thus limiting the upside. The bearishness of this indecision is confirmed by the lower close of the 3rd day (read Monday)"
"This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not high and it requires confirmation"
So let see on Monday, what happens.
Yes, 9th is an important date and I know its importance. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5797 Posted: Fri Nov 02, 2012 9:22 pm Post subject: |
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saumya, evening doji star can be bearish in congestion zone also not only in an uptrend, as nifty is in presently.
But weekly candle is a hammer |
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rakeshliving
White Belt
Joined: 03 Jan 2011
Posts: 88
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| Post: #5798 Posted: Fri Nov 02, 2012 9:24 pm Post subject: |
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ohhhh really all of you guys are awsum.....
Upside...??? confirmed...
Downside....??? confirmed...
and this is the game.... everything is possible....!!!
6102.... or 5450.....
6000CE....!!!
5500PE...!!!
or consolidation to eat premium....
thanks
lets wait and see....!!!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5799 Posted: Fri Nov 02, 2012 9:25 pm Post subject: |
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| it's game to eat premium rakesh but just for a week. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #5800 Posted: Fri Nov 02, 2012 9:33 pm Post subject: |
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| vinay28 wrote: | saumya, evening doji star can be bearish in congestion zone also not only in an uptrend, as nifty is in presently.
But weekly candle is a hammer |
Right Vinay.
And yes, weekly candle is an hammer, a bullish pattern.
I just forget to mention.
Nifty 1 hr TF is forming/formed Cup & Handle.
When it will materialize and how much |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #5801 Posted: Fri Nov 02, 2012 9:37 pm Post subject: |
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| vinay28 wrote: | steve, first of all, daily candle is a doji star. So if Monday opens gap down and also closes well below 5645 then we may see lower levels. If however, Monday opens gap up again and is a green candle, evening star is defeated and you should get out.
Secondly, 9th is my important date. No further comment on this. |
but your honour... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #5802 Posted: Fri Nov 02, 2012 10:12 pm Post subject: |
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| actually saumya, hammer is a reversal sign in a downtrend but nifty is just in a congestion zone. But still, if evening doji star is defeated, hammer can be considered to have succeded. I feel both will succeed in that order. |
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stevenmat
White Belt
Joined: 27 Dec 2011
Posts: 478
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| Post: #5803 Posted: Sat Nov 03, 2012 11:23 am Post subject: |
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| ok guys....seriously .. what is the importance of 9th? is that after next week we expect the market to swing or is there a major event coming up? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5804 Posted: Mon Nov 05, 2012 9:48 am Post subject: |
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| Market is trading around 5704 after making a high of 5708.5. It has significant resistance in the range 5715-5730. However, last day's high of 5712 could be the first resistance for the day. So, if somebody is looking to sell the market at this point of time, they may choose a stoploss just above last day's high or just above 5730 levels...A break above 5725-5730 levels may attract a few more buyers, I feel. Let's see if we have enough strength to break above that level... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #5805 Posted: Mon Nov 05, 2012 9:50 am Post subject: |
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| stevenmat wrote: | | ok guys....seriously .. what is the importance of 9th? is that after next week we expect the market to swing or is there a major event coming up? |
that day (9th) has something to do with Astrological studies, I feel Steven....and Vinay is a big fan and practitioner of Astrology, u know...  |
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