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Nifty analysis - Welgro corner |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #61  Posted: Wed Jun 11, 2014 7:41 am Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #62 Posted: Wed Jun 11, 2014 10:48 am Post subject: |
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| welgro wrote: |  |
CNXITIN made high ::: 9510 ..Hold... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #63 Posted: Wed Jun 11, 2014 11:28 am Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #64 Posted: Wed Jun 11, 2014 1:53 pm Post subject: |
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Nifty 7500 put buy price 35.00 Now trading at 50.00 ..
Book 50 % qty when if it's trade around 70.00 levels..
Balance 50% hold still my next update. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #65 Posted: Wed Jun 11, 2014 2:49 pm Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #66 Posted: Wed Jun 11, 2014 4:19 pm Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #67 Posted: Wed Jun 11, 2014 11:14 pm Post subject: |
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Nifty spot strong resistance saw at 7635 -7645 (Key resistance level).Nifty spot if hold below this level then no problem for short holders. Some strong support at 7579 -7570 (Tweezers Bottoms).nifty spot if trade below this support level then try to test 7490 level.
Important Note: Nifty once if trade below 7490 then nifty long term trend will enter in Bearish mode as per my strategy view. Downside first target 7100.
HOCL Candle once if close above the key resistance level then intraday trend will be changing in bullish mode. We are holding nifty 7500 strike put options. If any reverse trade happens I will update my trail stop loss at live market hours. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #68 Posted: Thu Jun 12, 2014 10:19 am Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #69 Posted: Thu Jun 12, 2014 12:27 pm Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #70 Posted: Thu Jun 12, 2014 2:06 pm Post subject: |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #71 Posted: Thu Jun 12, 2014 3:13 pm Post subject: |
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Welgro, in your top chart of Nifty Spot.... starting from the right side the 8th and 9th candle (hammer and inverted hammer), how come the closing and next candle's opening has a distance of 50 points about?
Yesterdays close was 7627 and opening was just 15 points plus. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #72 Posted: Thu Jun 12, 2014 4:29 pm Post subject: |
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| apka wrote: | Welgro, in your top chart of Nifty Spot.... starting from the right side the 8th and 9th candle (hammer and inverted hammer), how come the closing and next candle's opening has a distance of 50 points about?
Yesterdays close was 7627 and opening was just 15 points plus. |
I think some opening tick has missed.That is my data vender server issue.May be if it will correct after server back-fill.
But that's not a one big issue at my end. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #73 Posted: Thu Jun 12, 2014 7:39 pm Post subject: |
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Yesterday Nifty spot "intraday trend" trading at range bound. Today once if trade and hold above 7658 then intraday trend will be change in bullish. Next important resistance saw at 7683 -7388 level (Master candle pattern high) if nifty spot sustain this level with good volume then we may see fresh breakout target 7729.
Important note: Nifty spot once if hold below 7610 (Parallel pattern) then bears fresh breakout target 7500 level. Once nifty spot if trade below 7490 nifty long term trend will enter bearish mode. Down side first target 7000.
Bank nifty spot now it’s trading below the “head and shoulders” pattern neckline. Once if hold below the neckline then bears will be control the bank nifty trend. At the same time Bank nifty spot once if trade and hold above 15530 (Previous day high) then intraday trend will be turned in bullish, Short covering rally try to test 15660 levels. Today Bank nifty spot if close above 15660, angry bulls (sharp rally) target 16100. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #74 Posted: Fri Jun 13, 2014 10:24 am Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #75 Posted: Fri Jun 13, 2014 12:10 pm Post subject: |
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