mynac said... Feb 5200 PE addition and FII cash figures for Month Jan very clear-cut indicates up move beyond 5225 or even up to 5275, which Dear Ilango mentioned above. But probably only the moot point would be here “how much sustainable it shall be?
If Bulls are really serious, then with the help of momentum, they would push Nifty up to weekend, even up to 5350(5200 + approx.3%) to save 5200 for next week, but fast & furious action shall be need of the hour and to strengthen their position further, from tomorrow, in the first session expecting drop, at least up to Weekly pivot (5165), and move beyond 5200 in the latter half.
Lakshmi- SPOT level that target is based on one H&S formation in lower time frame so it's achievable today . Y to book profit??? becoz UBB + Muhurat trading level donno whether mkt will sustain today there or take a pause
Baby Praba - hehe hurrey this name also good :) target we can draw line in different time frames and get doesn't matter. am just talking about "very shortterm picture" hereafter i will be very cautious in long (feb series)
@Lakshmi: I believe it may be spot. I booked my calls taken today @200 sm, though I feel that nifty may make an attempt to 5230 spot.
@Sujatha Ma'm: What is your view for fri? I kind of have a feeling that bulls might attempt 5350 so that next week the correction might not be more than 150-200 pts.
@Lakshmi: I believe it may be spot. I booked my calls taken today @200 sm, though I feel that nifty may make an attempt to 5230 spot.
@Sujatha Ma'm: What is your view for fri? I kind of have a feeling that bulls might attempt 5350 so that next week the correction might not be more than 150-200 pts.
yes my target based on Day T/F, if NS sustains above 5250-60, then a possible chance of 5300, before reversal.
As of now, based on Put OI, currently up by 97 lacs than Call OI and max call OI is at 5300 CE, 5300 is a possibility. (May be Mynac could through some light)
If it gets resisted around 5225-5235, correction continues with an irregular top in "b". If not, upmove unfolds towards 5275(Wk.R1 & Day R2).Weakness, if any, would be evident only below Day pivot:5178 & last Hour low:5174.
Bhavan - hi the big lady bull :)yeah bhavan today i am damn sure hence given the target inbetween i was silent
Praba - if sensex aiming 17400/500 then fine 5300/400 but inbetween will take a pause if sensex aiming for 350 today then nifty @ 5257 today itself am watching sensex
Hitendra - check ur fingers..almost i am rolling on the floor :)
@Prabhat - sorry missed u :( bit difficult to say surely as of 'now" am watching sensex on closing basis to take ulta position "for short term" but DONT FOLLOW ME , hope definitely u will not :D :D
Will market try to close below month JNSAR 5211 ? i m waiting for JNSAR trade from last 4 week it seems it is still waiting. Everyday market rises this way nifty reach 6000 in march2012
Not yet, the case is with the court. The Liquidators have recovered about 80-90% of the client money. I should get the same % once the court approves...but not sure when !!
Seems we are nowhere near the top. It still swings 15 points for the last 1 hour. When we see the top, it won’t swing.It would either close at the top or just kiss the top and dive from there. If you are in profit, no need to square off and but should ride it. After all, you may miss some cut if you see a gap down tmw.
@Mynac I have a silent respect for your observation the reason: "mynac said...
Whether Nifty shall take support around this level or not? Don’t know, but just have a look @ 20th & 23rd Jan Nf close. It’s 5077.55 & 5077.40 respectively & have highest O.I. addition of the series i.e. 53 lac & 33 lac on that day & 5077 is today’s cash low. Huge deletion in NF O.I. i.e.approx.19 lac , negligible O.I. deletion in 5100 PE & hardly 200 Cr.FII cash selling looks interesting here. January 30, 2012 7:18 PM" Most of us will be having daily levels applying it(even EOD also) requires a lot of presence of mind which you have always shown and you have never allowed your personal view take over to what you see,I personally had a figure of 5080 no I could not recollect any reason and (had also again gone long EOD that day around 5085 NS levels though it was below hawala level) but could not nail the reason untill I read your post which again lays stress on the fact that figures never lie.
62 comments:
NIFTY OPTIDX Open Interest at 2 -> CLICK HERE
Now we are actually trading above 200DMA at an earlier hour
It seems the fast rise in action of hrly 21/34 sma's
It's better to book profit once @ 5235/40 levels today as that is a target of short term charts
Bye
mynac said...
Feb 5200 PE addition and FII cash figures for Month Jan very clear-cut indicates up move beyond 5225 or even up to 5275, which Dear Ilango mentioned above. But probably only the moot point would be here “how much sustainable it shall be?
If Bulls are really serious, then with the help of momentum, they would push Nifty up to weekend, even up to 5350(5200 + approx.3%) to save 5200 for next week, but fast & furious action shall be need of the hour and to strengthen their position further, from tomorrow, in the first session expecting drop, at least up to Weekly pivot (5165), and move beyond 5200 in the latter half.
Dear Sujatha
5235 spot or future??
Friday's high of 5216.75 is very important for further upmoves
@Sujatha,
I believe it is NS. my target is 5260 NS.
Lakshmi- SPOT level that target is based on one H&S formation in lower time frame so it's achievable today . Y to book profit??? becoz UBB + Muhurat trading level donno whether mkt will sustain today there or take a pause
What lies beaneath this sucker rally ....
Baby Praba - hehe hurrey this name also good :) target we can draw line in different time frames and get doesn't matter. am just talking about "very shortterm picture" hereafter i will be very cautious in long (feb series)
@Lakshmi: I believe it may be spot. I booked my calls taken today @200 sm, though I feel that nifty may make an attempt to 5230 spot.
@Sujatha Ma'm: What is your view for fri? I kind of have a feeling that bulls might attempt 5350 so that next week the correction might not be more than 150-200 pts.
@Lakshmi: I believe it may be spot. I booked my calls taken today @200 sm, though I feel that nifty may make an attempt to 5230 spot.
@Sujatha Ma'm: What is your view for fri? I kind of have a feeling that bulls might attempt 5350 so that next week the correction might not be more than 150-200 pts.
Hi Sujatha
5159+75/90=5234/5249
@Sujatha,
yes my target based on Day T/F, if NS sustains above 5250-60, then a possible chance of 5300, before reversal.
As of now, based on Put OI, currently up by 97 lacs than Call OI and max call OI is at 5300 CE, 5300 is a possibility. (May be Mynac could through some light)
Sujatha I really like the speed with which you can switch colors
If it gets resisted around 5225-5235, correction continues with an irregular top in "b". If not, upmove unfolds towards 5275(Wk.R1 & Day R2).Weakness, if any, would be evident only below Day pivot:5178 & last Hour low:5174.
both seen
5525 crossed
@ Harpreet
As per your logic today nifty has crossed the high of January- 5217 . Hope it closes above that
Hitendra
moma ghee sakar
BN in +ve ... seems old days are back. BN driving nifty to
higher high ... last time it reached 13k+
@Hitendra,
it would be great if 5525 achieved this month.. :)) just for fun
These days it is 1:30 factor and not so much 2:30 factor
as far as i can see
Bhavan - hi the big lady bull :)yeah bhavan today i am damn sure hence given the target inbetween i was silent
Praba - if sensex aiming 17400/500 then fine 5300/400 but
inbetween will take a pause if sensex aiming for 350 today then nifty @ 5257 today itself am watching sensex
Hitendra - check ur fingers..almost i am rolling on the floor :)
is it extended 3rd wave or 5th?
expect a reversal from 5398 NS
@Sujatha Ma'm: Noticed any change ..? :)
@Prabhat - sorry missed u :( bit difficult to say surely as of 'now" am watching sensex on closing basis to take ulta position "for short term" but DONT FOLLOW ME , hope definitely u will not :D :D
5290 is 2.62*w1.
Watch out 5222 fib level
Seems like the sentiment is becoming very bullish here.
You know what happens then.
Prabhat - my target achieved ..now the game starts for my "ulta" position :) i will take decision on how it's closing on EOD
Will market try to close below month JNSAR 5211 ?
i m waiting for JNSAR trade from last 4 week it seems
it is still waiting. Everyday market rises this way nifty
reach 6000 in march2012
HH-HL trade update -
Long from 5153 yesterday at 10AM still on.
Partial profits taken at 5220+. SL moved to NPNL.
Im geting rich slowly but surely
guru dev ki jai bolo
@golfdude: NPNL means.. no loss but no profit? Thanks in advance
Now one thing is "weekly trendline" for bulls and bears both. Lets face it.
yes, at this rate BN will be 13k and NS at 6k !
good afternoon sir and friends
bhavan Baba ki jai hoo:)lol
NPNL - no profit no loss. So u cover at the price u
bought.
Prashant GA
After a long time
yestar day nifty future ATP was 5180 and today take support near 5180and agin mkt UP rite now ATP IS 5216...
@golfdude: Thank you. I think better to take brokerage also from market
Bhavan here only u know m silent trader like u :)
is it nifty trading near week top channel??
can anybody give weeks top channel point..
thanks
@ Ravi
Not yet, the case is with the court. The Liquidators have recovered about 80-90% of the client money. I should get the same % once the court approves...but not sure when !!
Thanks for your concern.
Prashant
I am not much silent only rotli shaak maathi time male tyare presence puraye
Looks like Mkt will close above 200 DMA , Are we entering BULL market officially?
for an expanded flat as
B.a : 4639-5100 = 460
B.b : 5100-4532 = 568 (123% x B.a)
B.c : 4532-5236** in play as 5fifer
Min B.c =shud do 161.8% x B.a = 5278
This 5wave will NOT REVERSE before showing 5278..
cheers
Bhavan then too u lucky bec rotli ane shaak ma j profit che :) saathe undhiyo bhi banavoo choo k nahi ?
What is the 200 DMA today?
@Ramcharan
It is in the techtable. 5204
highest tick of day
5258.7 - vol 462850
time - 15:20:46
264 BN rise from 1:30 - looks like till FIIs decide
they have had enough profit, it will be unidirectional
move now on ...
Thx Lakshmi. Just joined JN class now :)
Wow what a move....
Seems we are nowhere near the top. It still swings 15 points for the last 1 hour. When we see the top, it won’t swing.It would either close at the top or just kiss the top and dive from there. If you are in profit, no need to square off and but should ride it. After all, you may miss some cut if you see a gap down tmw.
why a gap down tomorrow?
Bye Sir and all blog mates
@Mynac
I have a silent respect for your observation the reason:
"mynac said...
Whether Nifty shall take support around this level or not? Don’t know, but just have a look @ 20th & 23rd Jan Nf close. It’s 5077.55 & 5077.40 respectively & have highest O.I. addition of the series i.e. 53 lac & 33 lac on that day & 5077 is today’s cash low.
Huge deletion in NF O.I. i.e.approx.19 lac , negligible O.I. deletion in 5100 PE & hardly 200 Cr.FII cash selling looks interesting here.
January 30, 2012 7:18 PM"
Most of us will be having daily levels applying it(even EOD also) requires a lot of presence of mind which you have always shown and you have never allowed your personal view take over to what you see,I personally had a figure of 5080 no I could not recollect any reason and (had also again gone long EOD that day around 5085 NS levels though it was below hawala level) but could not nail the reason untill I read your post which again lays stress on the fact that figures never lie.
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