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NIFTY PREDICTION |
ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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Post: #181  Posted: Tue Sep 03, 2013 6:54 pm Post subject: |
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| ajit602 wrote: | | ritapandit25 wrote: | Nifty for 04/09/2013:
Nifty pivot at 5415.
Expected bounce if global cues in green. Buy above 5350 with tight stop 5320.Target 5380-90-5405.If Nifty able to cross 5421 then further rally will continue to 5500 level.
Break down if it goes below 5315.Target 5285-5260-5230-5200-5170. |
Rita,
Your levels are based on which strategy? Kindly tell.
Thanks |
Combination of Elliot wave theory, Fibbo series, Gann level, Pivot,%k, RSI,ADX, EMA, SMA etc. |
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arvindeept
White Belt
Joined: 25 Jun 2012
Posts: 107
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| Post: #182 Posted: Tue Sep 03, 2013 10:31 pm Post subject: |
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| ritapandit25 wrote: | | ajit602 wrote: | | ritapandit25 wrote: | Nifty for 04/09/2013:
Nifty pivot at 5415.
Expected bounce if global cues in green. Buy above 5350 with tight stop 5320.Target 5380-90-5405.If Nifty able to cross 5421 then further rally will continue to 5500 level.
Break down if it goes below 5315.Target 5285-5260-5230-5200-5170. |
Rita,
Your levels are based on which strategy? Kindly tell.
Thanks |
Combination of Elliot wave theory, Fibbo series, Gann level, Pivot,%k, RSI,ADX, EMA, SMA etc. |
Nifty daily eod candle has wrapped up 3 candles............tgt open now for 5200 and 4950....... |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #183 Posted: Wed Sep 04, 2013 6:13 am Post subject: |
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| ritapandit25 wrote: | Nifty for 04/09/2013:
Nifty pivot at 5415.
Expected bounce if global cues in green. Buy above 5350 with tight stop 5320.Target 5380-90-5405.If Nifty able to cross 5421 then further rally will continue to 5500 level.
Break down if it goes below 5315.Target 5285-5260-5230-5200-5170. |
Ritaji,
This is a welcome change in the calls. The mention of SL helps to define risk:reward in a better way. Keep the good job up! |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #184 Posted: Wed Sep 04, 2013 9:48 am Post subject: |
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| Go short if Nifty break 5360.Otherwise hold long . |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #185 Posted: Wed Sep 04, 2013 11:11 am Post subject: |
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| ritapandit25 wrote: | | Go short if Nifty break 5360.Otherwise hold long . |
Rita, a real good call. Went long at yesterday's day low (5322) with a SL at 5285 (61.8% retracement of upmove 5124-5772 and the last hope for bulls). Partially booked at 5413 because it was day's pivot and near to 38.2% Fib retracement of the down move from 5572-5320, holding the rest.
Also we can work around a system on how to trail the SL/TSL and how to partially book the things at tgts and how many to be kept floating until TSL is hit. |
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mchart
White Belt
Joined: 06 Aug 2013
Posts: 8
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| Post: #186 Posted: Wed Sep 04, 2013 11:22 am Post subject: |
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| Also, now the challenge at 5475 (61.8% retracement of down move 5572-5320) remains to be taken out, for Nifty to sail upto 5605. Daily MACD is helping the upmove, Weekly and Monthly setups still remain bearish. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #187 Posted: Wed Sep 04, 2013 1:01 pm Post subject: |
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| Can short NF@5435 with SL 5460. Target 5412-5380. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #188 Posted: Wed Sep 04, 2013 1:16 pm Post subject: |
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| ritapandit25 wrote: | | Can short NF@5435 with SL 5460. Target 5412-5380. |
mchart,
5385 almost 50% retracement from 5318.9 to 5460. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #189 Posted: Wed Sep 04, 2013 1:43 pm Post subject: |
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| can we go long here... |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #190 Posted: Wed Sep 04, 2013 2:02 pm Post subject: |
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| manojkr78 wrote: | | can we go long here... |
Long above 5433 if sustain more than 15min.
Or take a risk to buy now 5412 with Sl Nifty spot 5390. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #191 Posted: Wed Sep 04, 2013 2:06 pm Post subject: |
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| tnx |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #192 Posted: Wed Sep 04, 2013 2:12 pm Post subject: |
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Since Nifty not able to cross 5460 from last 2hours & 5431 act as resistance. If Nifty not able to cross 5418& sustain within 5 min then Short shld be taken.Short Nifty with SL 5435 Nifty spot. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #193 Posted: Wed Sep 04, 2013 2:32 pm Post subject: |
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| ritapandit25 wrote: |
Since Nifty not able to cross 5460 from last 2hours & 5431 act as resistance. If Nifty not able to cross 5418& sustain within 5 min then Short shld be taken.Short Nifty with SL 5435 Nifty spot. |
Short taken with stop NF 5445. |
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ritapandit25
Black Belt
Joined: 04 May 2013
Posts: 2926
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| Post: #194 Posted: Wed Sep 04, 2013 4:36 pm Post subject: |
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Nifty for 05/09/2013:
After making high of 5460 Nifty not able to cross it since last 3 hours. Hence Break out only above 5461 though Strong Resistance area(5485-5520) to cross to achieve 5600 level.Looking doubtful as Nifty close below 5450 level& 5471 Level.
Nifty Pivot at 5409.
If Nifty break 5382 level more bearish situation could be.
Buy above 5461 with stop 5431.Target-5600.
Short below 5415 with stop 5437.Target 5305. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #195 Posted: Wed Sep 04, 2013 5:49 pm Post subject: |
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| Hi ritapandit.these resistance and support games are to trap the ratail investors,if they want simply they will open the mkt above resistance.They are having main tool "OPEN",by using this tool they will do all type of game. |
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