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alroyraj

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vij 105 ce and ifci 70 ce still in red....chamblfert around bot price...
Well it seems that Vij and IFCI are due for a bouce up .Both are near the 20 and 50 MAs. Chambal fert will recover anyways (but some caution here required) but it needs loads of patience,even the futures is somewhat trying
 

SavantGarde

Well-Known Member
AlRoyRaj,

Your view by any chance based on Dow cow moving up with vengeance... considering TR posted the query yesterday....


SavantGarde

Well it seems that Vij and IFCI are due for a bouce up .Both are near the 20 and 50 MAs. Chambal fert will recover anyways (but some caution here required) but it needs loads of patience,even the futures is somewhat trying
 

alroyraj

Well-Known Member
AlRoyRaj,

Your view by any chance based on Dow cow moving up with vengeance... considering TR posted the query yesterday....


SavantGarde
No. Just that on the EOD charts it seems that IFCI has fallen to the 20 DMA at 64.36 (close at 64.3) . Already a double bottom has occurred in the recent past so I should think that a major fall is unlikely. Based on price action I would 63 would attract some buying, 65 has anyways been breached. Just saw the weekly charts looks grim based on some prelim readings of Saint from eons past.
67.58 weeklyma seems like a resistance.
Vijaya Bank seems to fall between the 20 WeeklyMA at 97.68 and 50 WeeklyMA at 94.83 with a close at 96.55.
Nifty has been falling with higher volumes on EOD charts.
Ps With such amount of info I think global cues are over rated at this point.
Note:All figures above in spot.
I noticed that Nifty did not have much buying towards close.So some minor weak opening expected. Expect it to fall to 6033 20 DMA on spot and then bounce strongly.Alternatively the supports are at 6080 where I last checked nifty jan is trading so it may take off tomorrow though doubt it less buying seen in my reading of market profile.
Banks are considerably weak could drag Banknifty down to 10850 leves but no correlation with that i guess.
 
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veluri1967

Well-Known Member
Well it seems that Vij and IFCI are due for a bouce up .Both are near the 20 and 50 MAs. Chambal fert will recover anyways (but some caution here required) but it needs loads of patience,even the futures is somewhat trying
I heard that this month onwards our Options are European like. (Once into position you can sell only at expiry). If its so, how people are able to square off positions in between.:confused:
 

SavantGarde

Well-Known Member
Veluri........................

European option means EXERCISING of the Option can be done at EXPIRY... but it can be traded same as the American.... Do you get it now... Only thing that will change now is depending on the outstanding position of the Options Underlyings will behave differently towards expiry....Kapisch


SavantGarde

I heard that this month onwards our Options are European like. (Once into position you can sell only at expiry). If its so, how people are able to square off positions in between.:confused:
 

stock72

Well-Known Member
Veluri........................

European option means EXERCISING of the Option can be done at EXPIRY... but it can be traded same as the American.... Do you get it now... Only thing that will change now is depending on the outstanding position of the Options Underlyings will behave differently towards expiry....Kapisch


SavantGarde
means ???????
 

murthymsr

Well-Known Member
means 'Understand' mafia style...:D
International style too !

Capisco (basic verb form capire) means to understand in Italian and may be in some other European languages also.

Thanks.
murthymsr
 

TraderRavi

low risk profile
All three positions are in red......Vij @ 33%, Ifci @ 50 %, chambalfert @ 60 % of the bot price.....

Two lessons learnt.....

1) maximum two open positions at a time...., ideal would be one only....

2) entry should be, keeping in mind not only stock but index too....
 
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