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nifty ew as per eod chart |
nsinojia Yellow Belt
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Joined: 21 Dec 2009 Posts: 624
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Post: #1 Posted: Sat Jun 29, 2013 1:06 pm Post subject: nifty ew as per eod chart |
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comments posted on chart |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #2 Posted: Sat Jun 29, 2013 2:00 pm Post subject: |
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everyone is having extreme views downside trgts, bearish markets, sideways, etc.. and this month again OI is low...its getting tough to judge the trend. |
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saumya12 Brown Belt
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Joined: 21 Dec 2011 Posts: 1509
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Post: #3 Posted: Sat Jun 29, 2013 2:13 pm Post subject: Re: nifty ew as per eod chart |
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nsinojia wrote: | comments posted on chart |
Thanks for the chart
Yes it seems, it is forming IH&S
But to reach around and over 6300 levels, Nifty has to cross two major resistances.
The range of 5850-70 and then 6050-6100 range. |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #4 Posted: Sat Jun 29, 2013 2:50 pm Post subject: Re: nifty ew as per eod chart |
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saumya12 wrote: | nsinojia wrote: | comments posted on chart |
Thanks for the chart
Yes it seems, it is forming IH&S
But to reach around and over 6300 levels, Nifty has to cross two major resistances.
The range of 5850-70 and then 6050-6100 range. |
saumya since you are looking to catch early, there is one shoulder forming in snp, dow, dax to form a HnS for 5-8% downside trgt. |
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saumya12 Brown Belt
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Joined: 21 Dec 2011 Posts: 1509
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Post: #5 Posted: Sat Jun 29, 2013 4:07 pm Post subject: Re: nifty ew as per eod chart |
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apka wrote: | saumya12 wrote: | nsinojia wrote: | comments posted on chart |
Thanks for the chart
Yes it seems, it is forming IH&S
But to reach around and over 6300 levels, Nifty has to cross two major resistances.
The range of 5850-70 and then 6050-6100 range. |
saumya since you are looking to catch early, there is one shoulder forming in snp, dow, dax to form a HnS for 5-8% downside trgt. |
Then it mean that the resistance levels I have posted will synchronize with the H&S of US & Europe indices.
Though nothing can be said for sure about stock market, but I am of the opinion that NIFTY will see around 6350 levels before moving for its downward journey. |
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vinay28 Black Belt
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Post: #6 Posted: Sat Jun 29, 2013 5:42 pm Post subject: |
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if you guys fail, I promise you my shoulder to cry on!  |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #7 Posted: Sat Jun 29, 2013 5:48 pm Post subject: |
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vinay28 wrote: | if you guys fail, I promise you my shoulder to cry on!  |
we also got ur glasses to borrow! |
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p_wangdu White Belt
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Joined: 30 Apr 2012 Posts: 126
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Post: #8 Posted: Sat Jun 29, 2013 7:47 pm Post subject: |
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apka pls give me glasses afer you use it  |
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saumya12 Brown Belt
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Joined: 21 Dec 2011 Posts: 1509
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Post: #9 Posted: Sat Jun 29, 2013 8:43 pm Post subject: |
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vinay28 wrote: | if you guys fail, I promise you my shoulder to cry on!  |
Fail,
Fail, what
Vinay,
Did you always pass, never failed or passed with a margin
Then you must be a brilliant.  |
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vinay28 Black Belt
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Joined: 24 Dec 2010 Posts: 11748
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Post: #10 Posted: Sat Jun 29, 2013 9:07 pm Post subject: |
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saumya12 wrote: | Fail, Fail, what
Vinay,
Did you always pass, never failed or passed with a margin
Then you must be a brilliant.  |
Fail in HnS and IHnS, saumya. That's why my shoulder is availabe.
By the way, saumya, all my career, I always got 100/100 in maths but I always fail in trading.  |
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p_wangdu White Belt
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Joined: 30 Apr 2012 Posts: 126
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Post: #11 Posted: Thu Jul 04, 2013 2:38 pm Post subject: |
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chart posted by nsinojia on 29th june seems valid still today ... lets see |
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p_wangdu White Belt
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Joined: 30 Apr 2012 Posts: 126
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Post: #12 Posted: Mon Jul 08, 2013 3:39 pm Post subject: |
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rupee may hower around 62 target set last to last month ... gold may see 21-22k in near future ... nifty seems a buy on decline as per the chart posted by sir  |
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apka Black Belt
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Joined: 13 Dec 2011 Posts: 6137
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Post: #13 Posted: Tue Jul 09, 2013 8:30 am Post subject: |
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any further chart update from your side nsinojia? |
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nsinojia Yellow Belt
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Joined: 21 Dec 2009 Posts: 624
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Post: #14 Posted: Sun Jul 14, 2013 7:07 pm Post subject: |
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as per the chart posted by me ..Posted: 29 Jun 2013 13:06 .. eod support seems at 5907nf and resistance at 6134-6174 zone for targets as posted on chart on 29th june 2013  |
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