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Analysing NF using iCharts levels - Aug 2011 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #16  Posted: Tue Aug 09, 2011 1:46 pm Post subject: |
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| So perfect ST, thanks |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #17 Posted: Tue Aug 09, 2011 2:55 pm Post subject: |
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Dear Swing Trader
Would like to comment anything new, now that 30 minutes are remaining for the close of the day?
Vinay |
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jjm
White Belt
Joined: 17 Mar 2010
Posts: 411
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| Post: #18 Posted: Tue Aug 09, 2011 5:40 pm Post subject: |
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STJI Namaskar,
Those who will be following this tread : Trust, It will be wonderful learning sessions for you..
This is just the beginning..you will learn how to use 34, 89 ema
Let it come from horses mouth
And one more thing : Do not loose your heart if you do not get reply immediately by him....
Reply will be always there..der se aaye ga lekin durust hi hoga..
Have great time ..In my earlier days with I charts , I was always glued to home page refreshing it after every five minutes to see the latest post in the thread ...live training from STJI..
STJI I sincerely thank you for starting it once again
Regards,
JJM |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #19 Posted: Tue Aug 09, 2011 7:46 pm Post subject: |
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Dear JJM. Thanks. I can wait till eternity.
Dear ST
The reason for asking your final thoughts for the day was because of a few things that I observed while watching the intraday chart and values of NF & some calls. They are as follow
1. After making a low of about 5010 (I think at 1.30 pm), NF rose a bit and remained flat with slightly higher bottoms for about an hour. It then rose again and started making higher tops and higher bottoms and I felt that it was going to move up, based on my observation of charts on earlier ocassions, though I don't have any logic for it.
2. NF premium sudenly rose from -2 to as much as 13.
3. 5400 call rose faster than 5300 call. (In fact 5400 call ended higher over previous close in % terms as compared to 5300 call.)
Also, NF closed above S1 level given by you earlier.
I could not interpret what I was seeing, either individually or their connection, if any.
Thanks as ever
Vinay |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #20 Posted: Tue Aug 09, 2011 8:00 pm Post subject: |
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| Dear ST - I just found out that NF closed at 5083.40 based on weighted value i.e. below S1 |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #21 Posted: Tue Aug 09, 2011 8:59 pm Post subject: |
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| vinay28 wrote: | Dear JJM. Thanks. I can wait till eternity.
Dear ST
The reason for asking your final thoughts for the day was because of a few things that I observed while watching the intraday chart and values of NF & some calls. They are as follow
1. After making a low of about 5010 (I think at 1.30 pm), NF rose a bit and remained flat with slightly higher bottoms for about an hour. It then rose again and started making higher tops and higher bottoms and I felt that it was going to move up, based on my observation of charts on earlier ocassions, though I don't have any logic for it.
2. NF premium sudenly rose from -2 to as much as 13.
3. 5400 call rose faster than 5300 call. (In fact 5400 call ended higher over previous close in % terms as compared to 5300 call.)
Also, NF closed above S1 level given by you earlier.
I could not interpret what I was seeing, either individually or their connection, if any.
Thanks as ever
Vinay |
Answers to your points:
1. The late rise could just have been due to too much selling done too fast. Stuff happening in the market need not have logic (always) behind it. In other words we can always think that NF got too oversold too fast. That could have been one of the many reasons. It could also have been shorts booking profits.
2. This may happen when NF is rising after a quick fall.
3. This might indicate more demand for 5400CE than 5300CE which could indicate a probable rise until 5400....again this is just speculation. No real idea on this one.
About price closing below S1....does not matter....tomm we have new levels anyway. It could indicate some bearishness but I would not think too much about it.
Vinay, don't analyse so much. Keep your analysis simple. Looking and thinking of many things like options, levels, premium etc is doing over analysis which is not good. Just a suggestion....
We will see more tomm.
Regards.
_________________
Srikanth Kurdukar
@SwingTrader |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #22 Posted: Tue Aug 09, 2011 9:37 pm Post subject: |
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| Thanks ST. I am not analysing too much, although I do tend to think too much at times and want to understand "why". I just happened to notice these things. |
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SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #23 Posted: Wed Aug 10, 2011 9:58 am Post subject: |
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NF between R2 & R3. Trend for now is up until R2 breaks to the downside. If R2 breaks significant support is there in BULL-R1 band.
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Srikanth Kurdukar
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #24 Posted: Wed Aug 10, 2011 10:05 am Post subject: |
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| Thanks. One humble request. Can you please give values of Bull, R1, R2 and R3? |
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guru.july
White Belt
Joined: 13 Jul 2010
Posts: 82
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| Post: #25 Posted: Wed Aug 10, 2011 10:10 am Post subject: |
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| It's struggling to break R3. There is also a negative divergence forming on RSI 1min and 5min charts. Am i right? |
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guru.july
White Belt
Joined: 13 Jul 2010
Posts: 82
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| Post: #26 Posted: Wed Aug 10, 2011 10:11 am Post subject: |
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R5 -- 5266.04
R4 -- 5221.53
R3 -- 5177.02
R2 -- 5149.51
R1 -- 5132.51
BULL -- 5115.51
LOC -- 5096.5
BEAR -- 5077.49
S1 -- 5060.49
S2 -- 5043.49
S3 -- 5015.98
S4 -- 4971.47
S5 -- 4926.96 |
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Arjun20
Yellow Belt
Joined: 23 Jun 2011
Posts: 945
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| Post: #27 Posted: Wed Aug 10, 2011 10:11 am Post subject: |
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| vinay28 wrote: | | Thanks. One humble request. Can you please give values of Bull, R1, R2 and R3? |
Vinay Sir,
It's on the homepage, scroll down. |
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guru.july
White Belt
Joined: 13 Jul 2010
Posts: 82
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| Post: #28 Posted: Wed Aug 10, 2011 10:14 am Post subject: |
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| It's struggling to break R3. There is also a negative divergence forming on RSI 1min and 5min charts. Am i right? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #29 Posted: Wed Aug 10, 2011 10:17 am Post subject: |
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| Thanks to all |
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kamal.icharts
Site Admin
Joined: 10 Apr 2013
Posts: 576
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| Post: #30 Posted: Wed Aug 10, 2011 10:47 am Post subject: |
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You can subscribe to PREMIUM service to get the values one evening before the trading day 
| vinay28 wrote: | | Thanks. One humble request. Can you please give values of Bull, R1, R2 and R3? |
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