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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #796  Posted: Wed Feb 15, 2012 11:30 am Post subject: |
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| vinay28 wrote: | sam, maddy posted 5520 NS as AT breakout target and I intend to buy puts around that level but for a day or two with a SL around 5540 NS. At the same time, if you see major day upmoves in the past, intraday high and low have a difference of about 130. so 5605 NF today is not ruled out. That amounts to about 5575 NS.  |
I still believe that there is a chance of the market testing 5700-5800 levels. But I expect the market to dip to 5330 levels before making another upmove....If there is a dip, i just want to profit from that.....it could worth 150 to 200 points...  |
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maddyprincess
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Joined: 15 Nov 2011
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| Post: #797 Posted: Wed Feb 15, 2012 11:49 am Post subject: |
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Vinay & Sam,
Today gap up is a key 5430-5460 also RR sir mentioned 5470-5510 tough zone to break.
Let's watch how it closes today !!!!!!!!! |
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psalm
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| Post: #798 Posted: Wed Feb 15, 2012 11:51 am Post subject: |
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| maddyprincess wrote: | Vinay & Sam,
Today gap up is a key 5430-5460 also RR sir mentioned 5470-5510 tough zone to break.
Let's watch how it closes today !!!!!!!!! |
Yup Maddy....Let's see...  |
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vinay28
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Posts: 11748
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| Post: #799 Posted: Wed Feb 15, 2012 12:16 pm Post subject: |
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| I bought 5500 put at 44.75 at about 5510 NS |
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vinay28
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| Post: #800 Posted: Wed Feb 15, 2012 12:20 pm Post subject: |
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| have a look at this, which a friend mailed just now. Tallies with my 5600 posted in the morning |
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psalm
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| Post: #801 Posted: Wed Feb 15, 2012 12:24 pm Post subject: |
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| vinay28 wrote: | | I bought 5500 put at 44.75 at about 5510 NS |
Its better than shorting NIFTY Futures, I feel Vinay...cos, if you are shorting futures, your stoploss will be some 20 or 25 points. At the same time, if you are trading with options near the expiry day, you can be more agile....even if the market touches 5550, you'll be losing only around 15 rupees from here....but if the market goes down by around 100 from here, you'll definitely make money.....thats the advantage of playing with option around these times... |
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ajayhkaul
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Joined: 18 Jun 2009
Posts: 866
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| Post: #802 Posted: Wed Feb 15, 2012 12:49 pm Post subject: |
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| AJAYHKAUL wrote: | Guys , we now need some closes above 5400.
Look at the NS (EOD) , 9 MONTH CHART
5700 to 4700 to 5400 to 4531/4588 to 5400 is a LARGER W ie a double bottom
You know how that works , right? Few closes above 5400 and you are headed to 6400.
Barring any black swans , of course ( the unknown unknowns) and a few knowns that may act as a catalyst
My eyes are peeled and I am taking it ONE DAY AT A TIME .... |
There she goes, Guys--5520 |
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psalm
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Posts: 5368
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| Post: #803 Posted: Wed Feb 15, 2012 1:47 pm Post subject: Nifty Update |
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Nifty PUT:
It is very much possible now that the market might test 5530-5535 levels. One can consider buying NIFTY current month 5500 PUTs in the range 35-30 at that time (current price is around 3 . Please dont buy if you are bullish about the market. I mean please hold onto your LONGs cos the market is looking relentless. Your view might prove correct. This call is for those who believe, which includes me, that the market might correct to 5300 levels in the next 2 or 3 days.
Regards,
Sam |
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vinay28
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Posts: 11748
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| Post: #804 Posted: Wed Feb 15, 2012 1:55 pm Post subject: |
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I don't believe that market will react to 5300 in next 2-3 days but I have bought puts!  |
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #805 Posted: Wed Feb 15, 2012 1:58 pm Post subject: |
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Negative divergence on daily chart !!!
 for bears !!!!!!!!!! |
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psalm
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| Post: #806 Posted: Wed Feb 15, 2012 2:03 pm Post subject: |
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| vinay28 wrote: | | I don't believe that market will react to 5300 in next 2-3 days but I have bought puts! |
HAHAHA.... 
But Vinay, I expect the market to be around 5400 levels for expiry....dont expect it to be below that....anway, lets see how it goes.... |
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psalm
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| Post: #807 Posted: Wed Feb 15, 2012 2:05 pm Post subject: |
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| maddyprincess wrote: | Negative divergence on daily chart !!!
for bears !!!!!!!!!! |
the picture has some substance...maddy....  ....but this could just be profit booking....by the DIIs....hahaha |
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maddyprincess
White Belt
Joined: 15 Nov 2011
Posts: 160
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| Post: #808 Posted: Wed Feb 15, 2012 2:14 pm Post subject: |
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There is a old man saying in the market
Whenever i often see negative divergences & indicators, i myself conclude we are in a bull market & viceversa
Are we ?  |
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #809 Posted: Wed Feb 15, 2012 2:56 pm Post subject: |
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| If the market breaks 5535, there is chance of it testing 5560 levels.....If not, then the market could head towards 5490 levels. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #810 Posted: Wed Feb 15, 2012 3:06 pm Post subject: |
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| I feel 5547 and then 5487 |
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