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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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Post: #76  Posted: Thu Dec 29, 2011 9:58 am Post subject: |
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| Guys pl note that the volumes are pathetically low .... making TA judgement based on low volumes tends to be misleading. So watch out ... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #77 Posted: Thu Dec 29, 2011 10:08 am Post subject: |
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| vinay28 wrote: | | You can even keep SL slightly below 4700 now |
Yes Vinay...You're right. But I didn't want to take any chance because of the expiry. Thats y, i'm a bit cautious.
By the way, the low volumes can make it really easy for the ppl to manipulate the markets. But i'm cautious too. I think most of the ppl too. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #78 Posted: Thu Dec 29, 2011 12:05 pm Post subject: Market Update |
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I'm gonna change the stop-loss to 4716 if the market goes below 4685 again from here. Then 4700-4715 will offer good resistance for any up-move. That area will not be easy to conquer, I believe. "Fingers Crossed"  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #79 Posted: Thu Dec 29, 2011 12:16 pm Post subject: |
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| true psalm. market will probably give trouble to traders today. I think 4717 and 4730 on upside and even 4640/50 on downside are possible. But if the latter happens before 2.30 pm, we may see a fast rally later. I intend to take chance going long if it comes to 4640/50 provided I have at least an hour for trade |
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #80 Posted: Thu Dec 29, 2011 12:48 pm Post subject: |
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Food inflation plunges to six-year low of 0.42%
RBI MONITORING 
RATE CUT IN COMING MONTHS  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #81 Posted: Thu Dec 29, 2011 1:02 pm Post subject: |
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| maddyprincess wrote: | Food inflation plunges to six-year low of 0.42%
RBI MONITORING
RATE CUT IN COMING MONTHS |
Looks good for Long term. How about for a month????  or  ????? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #82 Posted: Thu Dec 29, 2011 1:08 pm Post subject: |
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| vinay28 wrote: | | true psalm. market will probably give trouble to traders today. I think 4717 and 4730 on upside and even 4640/50 on downside are possible. But if the latter happens before 2.30 pm, we may see a fast rally later. I intend to take chance going long if it comes to 4640/50 provided I have at least an hour for trade |
AS OF NOW, I feel like the market will close around 4650 or so.....But a close above 4700 looks out of reach now. Look at the call writing happening at the 4700 Strike Price.....By the way, I'm changing my stop-loss to 4707 now. If the market goes below 4665, the next support is at 4625-4630. But God Knows if it will hold. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #83 Posted: Thu Dec 29, 2011 1:14 pm Post subject: |
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likely psalm. But I am banking on expiry day action, probably in last hour or a more. 4600 appears difficult but we may see at least 4700. Worth a try to buy 4700 call if enough time is available.
I remember what happened in, I think, Oct expiry. I bought a call at 2.75 at 2.25 pm and sold at 30 at 3.15 pm. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #84 Posted: Thu Dec 29, 2011 1:18 pm Post subject: |
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Wont be a bad idea bcos of the risk reward ratio.  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #85 Posted: Thu Dec 29, 2011 2:49 pm Post subject: |
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Looks like the market will close between 4660 and 4712. ...I mean not much volatility from here onwards, I guess. But who knws...  |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #86 Posted: Thu Dec 29, 2011 3:02 pm Post subject: |
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| vinay28 wrote: | | true psalm. market will probably give trouble to traders today. I think 4717 and 4730 on upside and even 4640/50 on downside are possible. But if the latter happens before 2.30 pm, we may see a fast rally later. I intend to take chance going long if it comes to 4640/50 provided I have at least an hour for trade |
One doesn't have to worry much if the nifty stays above 4665. However, if it goes below that, then 4640 and 4625 are possible. So, it wont be a bad idea to go long if the the market comes to 4640. But, do we have enough time left for a trade??? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #87 Posted: Thu Dec 29, 2011 3:09 pm Post subject: |
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| I have exited all my positions now at 4640. Booked profit for all the lots. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #88 Posted: Thu Dec 29, 2011 3:15 pm Post subject: |
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| It reached 4640 too late, good since it prevented me from taking a chance. |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #89 Posted: Thu Dec 29, 2011 3:29 pm Post subject: |
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| Yup. You're right. By the way, I expect the market to go down further tomorrow. Nifty has an unfinished target of 4520. Thats the reason why I had expected Nifty to be around 4500 by the Expiry. I was wrong. But now I feel like, one can see that level by tomorrow. But again, this is the outlook I have...just MY point of view. Fingers Crossed again..... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #90 Posted: Thu Dec 29, 2011 3:39 pm Post subject: Congratulations |
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Congrats Friends....For predicting the Closing of the DEC 2011 series almost correctly.....
renga123, ramamoorthi, vtnarendra, NS0420, harilalkalathil, abdulrahim, vishytns, spurt, bharat1964, jitesh7
Very Well Done....Keep It Up |
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