iCharts Discussions

[a1b1trader]

My Observations - NF

For Monday

The traders will be in a dilema about the movement of the market, as US market was closed in good green despite international problems. But our market was not closed on a bullish note. So it will be better to be on sidelines till clear signal emerges out.

It may be noted, that even if there is a gap up open, it can turn out to be a trap, and market may move downwards again for further lower levels. So use very strict SL/TSL

C&SA 7625 -> 7650/55 -> 7680 -> 7700/10 -> will turn bullish only above 7725

So upto 7675/90 can turn out to be a trap. And if in case, failed to cross 7700/05 or reverts from higher level, or even otherwise, then 7650 and further lower levels can be seen.

B&RB 7600 ->7550 -> 7525/15 ->7480/75

If NF falls below 7530, then be extra vigilant at 7525/20 and 7500/480 as in this range it can start a reversal for upside.

Below 7475/60 can trigger sell off.

Will update realtime, as and when possible, if necessary. However, please note that incase of reversal from a level, NF can move up or down to next or previous level also.

Use proper SL/TSL

Will be a high volatility day for NF and wild movements are possible.

[a1b1trader]

NF Ichimoku Chart 60 min 8.8.14

[a1b1trader]

BNF Ichimoku Chart 60 min 8.8.14

[a1b1trader]

NS +ww 60 min tf tgt 7820 8.8.14

[manojkr78]

thanks for your views....

[a1b1trader]

BNF, now from here

Either 14950/75 OR 14850/25

Take care

[a1b1trader]

Hi

One can use the levels posted for Monday, for today also with some diligence.

Buy in NF is only above 7725 as stated earlier, but if one wants to take risk then 7700/10 can be used for long

Buy in BNF is only above 15100 as stated earlier, but if one wants to take risk then 15050/60 can be used for long.

Use strict SL/TSL

Take care


PS
For any doubt/clarification, may post a query, will try to answer.

[a1b1trader]

BNF, now

Either

15000/25

OR

14850/25

Take care

[a1b1trader]

NF if holds 7660, then 7715/20 likely
CMP 7685

Take care

[a1b1trader]

[a1b1trader]

[manojkr78]

target achieved....

[a1b1trader]

My Observations - BNF

Posted for Monday and then for Tuesday

C&SA 14825 -> 14850 ->14900 -> 14950/75 ->15025/50

But upside will be likely only above 15100 as above this level the bearish momentum will slowly start changing into bullish momentum, but bullish only above 15200.

And all levels met on Tuesday and as anticipated, failed to reach 15200.

[a1b1trader]

My Observations - BNF

For Wednesday

BNF will be bullish only above 15200/225.

C&SA 15150 -> 15200/25 -> 15275/300

Will post more levels once C&SA 15225

However please note that if BNF fail to cross 15200/25 decisively then, there could be a danger of reversal again for lower levels. So be careful about the movement.

B&RB 15100/075 -> 15025/00 -> 14950/25 -> 14875/50

A -ww has also formed to this effect, to a target of 14850 and it will trigger once BNF is below 15100/075. Chart also posted.

Will update realtime, as and when possible, if necessary. However, please note that in case of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

Today and tomorrow will be high volatility days for BNF and wild movements are possible. So take care.

[a1b1trader]

My Observations - NF

For Wednesday

Holding 7730

C&SA 7750 -> 7777/80 -> 7800/05 -> 7825 ->7850

Highly bullish above 7850/75

However please note that if NF fail to cross 7750 decisively then, there could be a danger of reversal again for lower levels. So be careful about the movement.

B&RB 7750 -> 7730/25 -> 7705/00 -> 7685/80 -> 7660/50 -> 7620/10

A -ww has also formed to this effect, to a target of 7600 and it will trigger once NF is below 7710/00. Chart also posted.

Will update realtime, as and when possible, if necessary. However, please note that in case of reversal from a level, BNF can move up or down to next or previous level also.

Use proper SL/TSL

Today and tomorrow will be high volatility days for NF and wild movements are possible. So take care.