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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #676 Posted: Wed Feb 08, 2012 3:45 pm Post subject: |
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As the astroguru Vinay foretells ! |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #677 Posted: Wed Feb 08, 2012 7:24 pm Post subject: |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #678 Posted: Wed Feb 08, 2012 8:03 pm Post subject: |
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I have a gut feeling, that something big is about to happen tomorrow or the day after that. I hope it is on the upside. However, the market can really fool you. . Anyway, there is nothing wrong in adding LONG positions as long as 5215 is held on a closing basis. One will have to re-assess the situation only if the market closes below that. This is a conservative view. But that's what I feel at this moment.
By the way, it has nothing to do with Astrology or Astronomy......just Chartology
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SUNILARORA White Belt
Joined: 04 Jun 2010 Posts: 44
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Post: #679 Posted: Wed Feb 08, 2012 8:32 pm Post subject: High volume in nifty |
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Dear Psalm, vinay,ajaykaul
today in 1st min. There was huge volume in nifty, almost 2cr. Nifty traded
req. Ur comments on that,
Regards
Sunil arora |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #680 Posted: Wed Feb 08, 2012 8:57 pm Post subject: |
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in 1st min after opening? You have noticed something wrong because the volume was only 6 lac in first 5 min |
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SUNILARORA White Belt
Joined: 04 Jun 2010 Posts: 44
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Post: #681 Posted: Wed Feb 08, 2012 9:07 pm Post subject: |
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vinay28 wrote: | in 1st min after opening? You have noticed something wrong because the volume was only 6 lac in first 5 min |
i have checked it from nseindia.com 1min. Chart |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #682 Posted: Wed Feb 08, 2012 9:24 pm Post subject: |
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SUNILARORA wrote: | vinay28 wrote: | in 1st min after opening? You have noticed something wrong because the volume was only 6 lac in first 5 min |
i have checked it from nseindia.com 1min. Chart |
Hi Sunil,
Just check the chart of ICICI BANK as well. You'll come to know about the reason. ....Some 1.6 crores ICICI Bank shares changed hands in the morning (from Temasek Holdings to some other investors). I had mentioned that in my thread earlier today.
Regards,
Sam |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #683 Posted: Wed Feb 08, 2012 10:15 pm Post subject: |
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sam, how come 1.6 cr shares of icici correspond to 2 cr nifty? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #684 Posted: Wed Feb 08, 2012 10:32 pm Post subject: |
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vinay28 wrote: | sam, how come 1.6 cr shares of icici correspond to 2 cr nifty? |
I have checked the chart from the NSE website,vinay. Sunil is mentioning about NSE market chart in which the whole market volume is shown, not the NIFTY FUTURE volume.
http://www.nseindia.com/ChartApp/install/charts/mainpage.jsp
check that link, you'll come to knw abt it... |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #685 Posted: Thu Feb 09, 2012 9:39 am Post subject: NIFTY Outlook |
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Hi,
The market opened around 5340 and is trading around 5350 levels. Support for the market is in the range 5330-5320. If this level is broken, then one can expect the market to test 5290 levels. However, the range 5390-5400 will be the resistance to watch. 5361-5365 range might be a minor resistance during the day. That means the market might trade in the range 5320-5365 for most of the day.
SAM |
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ajayhkaul Yellow Belt
Joined: 18 Jun 2009 Posts: 866
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Post: #686 Posted: Thu Feb 09, 2012 9:54 am Post subject: |
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SUNILARORA wrote: | vinay28 wrote: | in 1st min after opening? You have noticed something wrong because the volume was only 6 lac in first 5 min |
i have checked it from nseindia.com 1min. Chart |
whatever that huge spike was , it did not move the price much.....that means it is an institutional move which was dumped to the same extent later in the day between 13.15 to 14 30 hrs .... see it on 30 min chart of nifty for yesterday. |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #687 Posted: Thu Feb 09, 2012 10:03 am Post subject: |
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AJAYHKAUL wrote: | SUNILARORA wrote: | vinay28 wrote: | in 1st min after opening? You have noticed something wrong because the volume was only 6 lac in first 5 min |
i have checked it from nseindia.com 1min. Chart |
whatever that huge spike was , it did not move the price much.....that means it is an institutional move which was dumped to the same extent later in the day between 13.15 to 14 30 hrs .... see it on 30 min chart of nifty for yesterday. |
yes Ajay, it was an institutional move....the executed price of that transaction was around 925 I guess..... |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #688 Posted: Thu Feb 09, 2012 10:04 am Post subject: |
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looks like nifty has formed triple short term bottom from 5323-5327. close below these levels may be bearish nd upside only on crossing nd holding above weekly nd monthly pivot of 5415.
regs
ridinghood |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #689 Posted: Thu Feb 09, 2012 10:07 am Post subject: |
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ridinghood wrote: | looks like nifty has formed triple short term bottom from 5323-5327. close below these levels may be bearish nd upside only on crossing nd holding above weekly nd monthly pivot of 5415.
regs
ridinghood |
Most likely....also, Ajay has been emphasizing the importance of the level 5326 for a while now. So, watch out....
SAM |
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ridinghood Yellow Belt
Joined: 16 Apr 2009 Posts: 724
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Post: #690 Posted: Thu Feb 09, 2012 10:09 am Post subject: |
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yeah sam
regs
ridinghood |
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