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My Nifty View and Trades |
Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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Post: #286  Posted: Sat Jul 09, 2022 3:56 am Post subject: |
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| Sun08 wrote: | | can not put an exact number. about 16030/140/175/235 can act as resistance. also, it doesn't have to go there. It may reverse now too. it becomes increasingly bullish if starts closing above 15928/16267, |
Closing above 16267/357 can make bears (like me) increasingly worried but above 16479/97 it can be considered as bullish reversal for targets of 16700/17200. However, let's not jump the gun. For the moment, one step at a time. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #287 Posted: Thu Jul 14, 2022 4:00 am Post subject: |
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| Sun08 wrote: | adding some levels
15560/15525/15370/15190/15160/15120/15025/14960/14920/14860/14835 |
15660/560/525/370/225/190/160/120/025/14960/920/860/835 |
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simply.index
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Joined: 28 Jun 2014
Posts: 158
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| Post: #288 Posted: Thu Jul 21, 2022 5:33 pm Post subject: |
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| Sun08 wrote: | | Sun08 wrote: | | can not put an exact number. about 16030/140/175/235 can act as resistance. also, it doesn't have to go there. It may reverse now too. it becomes increasingly bullish if starts closing above 15928/16267, |
Closing above 16267/357 can make bears (like me) increasingly worried but above 16479/97 it can be considered as bullish reversal for targets of 16700/17200. However, let's not jump the gun. For the moment, one step at a time. |
Now that nifty has given 2 closings above 16500 what would be the higher targets beyond 16700/17200 ? |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #289 Posted: Sun Jul 24, 2022 6:37 am Post subject: |
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| simply.index wrote: | | Now that nifty has given 2 closings above 16500 what would be the higher targets beyond 16700/17200 ? |
sorry, couldn't reply earlier since my IE11 failed.
as of now, I don't see much above 17150 though 17400 is a remote possibility.
However, 16946 is a tough one. In any case, July is crucial. A close above 16794/825 on 29/07 can be bullish on weekly/monthly basis. Bears will wish a close well below 16594 on 29/07. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #290 Posted: Sun Jul 24, 2022 6:41 am Post subject: |
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| Sun08 wrote: | | 15660/560/525/370/225/190/160/120/025/14960/920/860/835 |
adding/editing some levels
16215/025/15885/660/560/525/350/320/225/190/160/100/025/14960/920/860/835 |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #291 Posted: Sun Jul 24, 2022 6:44 am Post subject: |
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| Sun08 wrote: | | Closing above 16267/357 can make bears (like me) increasingly worried but above 16479/97 it can be considered as bullish reversal for targets of 16700/17200. However, let's not jump the gun. For the moment, one step at a time. |
I covered all my puts for july last week after realising higher levels are coming.
However, I am still bearish in the long run. So I have started nibbling at nifty sept and dec puts and stocks august puts. Next week, I may take a call to buy nifty august puts also. |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #292 Posted: Mon Jul 25, 2022 8:55 am Post subject: |
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| Sun08 wrote: | | simply.index wrote: | | Now that nifty has given 2 closings above 16500 what would be the higher targets beyond 16700/17200 ? |
sorry, couldn't reply earlier since my IE11 failed.
as of now, I don't see much above 17150 though 17400 is a remote possibility.
However, 16946 is a tough one. In any case, July is crucial. A close above 16794/825 on 29/07 can be bullish on weekly/monthly basis. Bears will wish a close well below 16594 on 29/07. |
Thanks for the response. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #293 Posted: Fri Jul 29, 2022 8:43 pm Post subject: |
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| Sun08 wrote: | as of now, I don't see much above 17150 though 17400 is a remote possibility.
However, 16946 is a tough one. In any case, July is crucial. A close above 16794/825 on 29/07 can be bullish on weekly/monthly basis. Bears will wish a close well below 16594 on 29/07. |
Both weekly and monthly closed bullish. The volume is, however, not convincing. I still hold bearish view over 2-5 month period. Added a few sept and dec puts.
I feel we should see what's in store after about a week. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #294 Posted: Mon Aug 01, 2022 7:25 pm Post subject: |
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| Sun08 wrote: | | as of now, I don't see much above 17150 though 17400 is a remote possibility............ |
almost there. but now it's threatening to go to 17600/700.
for the first time, vix rose with nifty. vix was falllng for the last so many days and destroying all puts bought by traders as hedges. historically, this is a sign that a second crash may be coming. perhaps in 1-3 months but may start sooner.
I hope it doesn't turn out to be a wishful thinking. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #295 Posted: Wed Aug 17, 2022 9:59 pm Post subject: |
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| Sun08 wrote: | almost there. but now it's threatening to go to 17600/700.
for the first time, vix rose with nifty. vix was falllng for the last so many days and destroying all puts bought by traders as hedges. historically, this is a sign that a second crash may be coming. perhaps in 1-3 months but may start sooner.
I hope it doesn't turn out to be a wishful thinking. |
the juggernaut continues. it has broken out of the long term TL. previous pivots around 18115/350/605 are the only likely supply points unless any bad news comes. note, there is no dearth of bad news. so fingers crossed. otherwise, a new ATH is not ruled out. anyone wanting to go short, two consecutive closes above 18211 and 18351 are SLs. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #296 Posted: Fri Aug 19, 2022 8:28 pm Post subject: |
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| it will now be important to see if this week's candle proves to be a shooting star. |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #297 Posted: Mon Aug 22, 2022 8:59 am Post subject: |
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| Sun08 wrote: | | it will now be important to see if this week's candle proves to be a shooting star. |
It did close in red making an inverted hammer.
So what levels can we see in coming weeks ? |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #298 Posted: Mon Aug 22, 2022 7:33 pm Post subject: |
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| simply.index wrote: | | Sun08 wrote: | | it will now be important to see if this week's candle proves to be a shooting star. |
It did close in red making an inverted hammer.
So what levels can we see in coming weeks ? |
if this indeed is the beginning of a big correction lasting 2-3 months then it's likely to revisit (and perhaps break) the previous June low of 15183 or reverse from a slightly higher level. Geo-political and economic aspects will decide what's in store.
in general, about 17325/265/16900/16580/16250/15975/850/350/14740 are likely supports and nifty can reverse from any of these levels, temporarily or permanently.
also, see my comment of 1st August. |
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simply.index
White Belt
Joined: 28 Jun 2014
Posts: 158
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| Post: #299 Posted: Wed Aug 24, 2022 9:23 am Post subject: |
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| Sun08 wrote: | | simply.index wrote: | | Sun08 wrote: | | it will now be important to see if this week's candle proves to be a shooting star. |
It did close in red making an inverted hammer.
So what levels can we see in coming weeks ? |
if this indeed is the beginning of a big correction lasting 2-3 months then it's likely to revisit (and perhaps break) the previous June low of 15183 or reverse from a slightly higher level. Geo-political and economic aspects will decide what's in store.
in general, about 17325/265/16900/16580/16250/15975/850/350/14740 are likely supports and nifty can reverse from any of these levels, temporarily or permanently.
also, see my comment of 1st August. |
Thanks for the update.
Even the thought of nifty below 15k seems scary at this moment , but as they say market is supreme. Lets wait and watch. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #300 Posted: Wed Aug 24, 2022 7:37 pm Post subject: |
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| simply.index wrote: | Thanks for the update.
Even the thought of nifty below 15k seems scary at this moment , but as they say market is supreme. Lets wait and watch. |
oh, I haven't mentioned much much lower levels since they will look farfetched as of now but if recession is indeed going to be very bad then god save this market. shipping volume has almost crashed to covid era levels. |
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