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Nifty View |
psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #811  Posted: Wed Feb 15, 2012 3:12 pm Post subject: Re: Nifty Update |
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| psalm wrote: | 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 |
If somebody has bought the PUTs, then keep a stoploss below 25.
SAM |
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psalm
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Joined: 12 Nov 2011
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| Post: #812 Posted: Wed Feb 15, 2012 3:15 pm Post subject: |
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| vinay28 wrote: | | I feel 5547 and then 5487 |
5563 is the next level for me Vinay.... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #813 Posted: Wed Feb 15, 2012 3:16 pm Post subject: |
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as of now it reacted midway between mine and ur level  |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #814 Posted: Wed Feb 15, 2012 3:46 pm Post subject: |
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| AJAYHKAUL wrote: | | 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 |
Hope you guys had a good one ! EOD 5531 !
Cheers!
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #815 Posted: Wed Feb 15, 2012 3:57 pm Post subject: |
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| AJAYHKAUL wrote: | | AJAYHKAUL wrote: | | 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 |
Hope you guys had a good one ! EOD 5531 !
Cheers!
|
I had booked profit for the 50% around 5490 level and another 25% around 5530 levels ajay.....so, don have much NIFTY LONGs now....thats the only worry.......in between, I have bought a few Nifty PUTs as well....I'll hold it as long as the market holds 5563....Anyway, it was a beautiful move today....booked profits in a few stocks as well...all LONGs..  ..I hope most of the people have made money today....
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #816 Posted: Wed Feb 15, 2012 7:16 pm Post subject: |
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| I understand rsi 14 closed at 77.99, the highest since sept '10. It may show huge undercurrent for a couple of day but the reaction may be equally sharp. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #817 Posted: Wed Feb 15, 2012 9:33 pm Post subject: |
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| Iran has cut off oil supply to 6 EU nations. Oil at 6 month high |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #818 Posted: Wed Feb 15, 2012 11:05 pm Post subject: Re: Black and White |
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| psalm wrote: | | AJAYHKAUL wrote: | Market is building up for a major move again.... barring a black swan event , we are headed quite high this time.
RBI is dovish ...so banks are up .
Government has to sell PSU holdings .
Black money is coming via the market route ? Now foreign individuals can directly invest as per new rules.
psalm is already complacent
but the Ducks are yet to come in ...are beginners already asking you for 'tips' ? that is the beginning of the duck entry.
When the taxi driver gives YOU a tip , thats the time to run ...... so a longish wait for distribution ...
black swan from eurozone or US ? |
Hi Ajay,
The DOWN move, if any, will start when it is expected the least....most of the market people are expecting a down move soon....but the market (market players) may have other ideas....but yes..the RBI appears dovish....it is helping the banks...but i'm not supporting your view on Government selling their holdings in the PSUs. They could have done that when the market was around 5700 or 5500....or even last time when the market reached around 5400 (ONGC FPO). I don't think gov will be a key player now. If they were really interested gathering some fund via disinvestment, they would have made some moves....I haven't heard anything as of now about their intentions. Now about the investment of the foreign individuals, its a positive development...is there any improvement in the daily volumes of the markets?....i doubt. I doubt that the decision to allow foreign individuals to invest directly in Indian markets had an impact in this pullback rally so far.
By the way, psalm is complacent now or is he??....may be he is because he is not taking much risk now....  .....the dangerous thing is that psalm is a bit prejudistic now. He thinks that the market crash is a foregone conclusion which is dangerous. The fact is that caution is warranted. No one should be complacent if they are participating in the market. We all should campaign for some awareness now, via this forum. I'm saying this because if there is a market reversal, then thats the time most of the people will lose their hard-earned money.
The money i have lost in the market have all been during that period. When there is a continuous trend, no one worries....but when the market turns it around, ppl get panic, ego comes in....bad decisions come in. One should be really cautious about these things. It happens...It happened with me....I know that it hurts...mentally and financially.....If we can survive when there is a reversal happening without getting hurt, it will reflect in our mentality and in our bank account 
I dont think there is any swan left in the U.S now (black or white).... ...but the charts are showing signs of some impending arrival....may be they are from Europe....dont knw if the visitors are black or white....but they are on their way already, I guess....we'll come to know abt it soon.....thats wat i feel....I want every one here to make money...not to lose any....Be safe...Be happy..
Regards,
Sam |
Hi psalm ... the above is from Jan 19
And this is the latest :
A panel of ministers has approved a plan to sell shares in state-run refiner Oil and Natural Gas Corporation (ONGC) through an auction, oil minister S Jaipal Reddy said on Wednesday.
Reddy, however, said no timeline has been set for the sale. The government had deferred ONGC's public offer to raise up to $2.5 billion in October, after tepid response from investors during roadshows amid weak equity markets.
In February last year, India had planned to raise about 400 billion rupees ($8.1 billion) from share sales in state-run companies in this fiscal year that ends in March, but has so far raised only about $250 million.
These and other share sales are the milestones in this bull move. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #819 Posted: Wed Feb 15, 2012 11:15 pm Post subject: |
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| GOm did not take any decision on divestment today saying that time is not right |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #820 Posted: Wed Feb 15, 2012 11:16 pm Post subject: |
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| does anyone know whether market is open tmrw? This is because banks are closed |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #821 Posted: Wed Feb 15, 2012 11:24 pm Post subject: |
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Markets are open , but it is a clearing holiday tomorrow
Next trading off day is Monday 20th feb - Mahashivratri |
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ajayhkaul
Yellow Belt
Joined: 18 Jun 2009
Posts: 866
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| Post: #822 Posted: Thu Feb 16, 2012 12:39 am Post subject: |
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| vinay28 wrote: | | GOm did not take any decision on divestment today saying that time is not right |
just a matter of time ,vinay |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #823 Posted: Thu Feb 16, 2012 9:05 am Post subject: Re: Black and White |
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| AJAYHKAUL wrote: | | psalm wrote: | | AJAYHKAUL wrote: | Market is building up for a major move again.... barring a black swan event , we are headed quite high this time.
RBI is dovish ...so banks are up .
Government has to sell PSU holdings .
Black money is coming via the market route ? Now foreign individuals can directly invest as per new rules.
psalm is already complacent
but the Ducks are yet to come in ...are beginners already asking you for 'tips' ? that is the beginning of the duck entry.
When the taxi driver gives YOU a tip , thats the time to run ...... so a longish wait for distribution ...
black swan from eurozone or US ? |
Hi Ajay,
The DOWN move, if any, will start when it is expected the least....most of the market people are expecting a down move soon....but the market (market players) may have other ideas....but yes..the RBI appears dovish....it is helping the banks...but i'm not supporting your view on Government selling their holdings in the PSUs. They could have done that when the market was around 5700 or 5500....or even last time when the market reached around 5400 (ONGC FPO). I don't think gov will be a key player now. If they were really interested gathering some fund via disinvestment, they would have made some moves....I haven't heard anything as of now about their intentions. Now about the investment of the foreign individuals, its a positive development...is there any improvement in the daily volumes of the markets?....i doubt. I doubt that the decision to allow foreign individuals to invest directly in Indian markets had an impact in this pullback rally so far.
By the way, psalm is complacent now or is he??....may be he is because he is not taking much risk now.... .....the dangerous thing is that psalm is a bit prejudistic now. He thinks that the market crash is a foregone conclusion which is dangerous. The fact is that caution is warranted. No one should be complacent if they are participating in the market. We all should campaign for some awareness now, via this forum. I'm saying this because if there is a market reversal, then thats the time most of the people will lose their hard-earned money.
The money i have lost in the market have all been during that period. When there is a continuous trend, no one worries....but when the market turns it around, ppl get panic, ego comes in....bad decisions come in. One should be really cautious about these things. It happens...It happened with me....I know that it hurts...mentally and financially.....If we can survive when there is a reversal happening without getting hurt, it will reflect in our mentality and in our bank account
I dont think there is any swan left in the U.S now (black or white).... ...but the charts are showing signs of some impending arrival....may be they are from Europe....dont knw if the visitors are black or white....but they are on their way already, I guess....we'll come to know abt it soon.....thats wat i feel....I want every one here to make money...not to lose any....Be safe...Be happy..
Regards,
Sam |
Hi psalm ... the above is from Jan 19
And this is the latest :
A panel of ministers has approved a plan to sell shares in state-run refiner Oil and Natural Gas Corporation (ONGC) through an auction, oil minister S Jaipal Reddy said on Wednesday.
Reddy, however, said no timeline has been set for the sale. The government had deferred ONGC's public offer to raise up to $2.5 billion in October, after tepid response from investors during roadshows amid weak equity markets.
In February last year, India had planned to raise about 400 billion rupees ($8.1 billion) from share sales in state-run companies in this fiscal year that ends in March, but has so far raised only about $250 million.
These and other share sales are the milestones in this bull move. |
Let's see Ajay, if they will be able to sell the stakes this time.....this is a good opportunity for them.........but there were better opportunities in the recent past......anyway, I hope government will be able to meet their target atleast in the next fiscal.....
by the way, milestones?...wat did u mean by that? |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #824 Posted: Thu Feb 16, 2012 9:19 am Post subject: Nifty Outlook |
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Hi,
Nifty might witness some profit booking, though we have momentum after yesterday's upmove. Any upmove will face resistances around 5563 and then 5480 levels. Supports for the day are 5480 and 5440.
SAM |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #825 Posted: Thu Feb 16, 2012 9:35 am Post subject: |
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| once divestment schedule is confirmed, market will tank |
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