iCharts Discussions

[amitagg]

[vinay28]

[satishkadam]

[vinay28]

[riteshucha]

if tomm NF breaks 8523, stay short... SL 8580.10

[chandrujimrc]

As per my earlier post mkt has given 300(approx) points rally from the recent bottom and closed at 100Ema,if it holds there is a chance for retesting 50 Ema ,otherwise it will continue its journey towards 200 Ema where the H&S tgt ends. If it crosses 50Ema,one +WW with tgt of 8800+ is there.So we can buy 8800CE and 8200 PE with total investment of Rs70 for making double

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (01/04/14) and beyond

Supports are at about 8446/38, 8412/02 and 8369 while resistances are at about 8499, 8543/57, 8595, 8627 and 8643. Four +WWs can give about 8627 (if above 8398), 8643 (if above 8446), 8817 (if above 8430) and 9012 (if above 8480) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8380 (once below 8462) (-WWs with lower targets are not mentioned as of now).

Nifty fell after a gap up open and closed flat and below 8500. Bearish tone will continue since monthly candle is bearish engulfing and there is a -ve div. Hence, it remains in a "sell on rise" mode unless it closes and sustains above 8684. Tuesday was a NR4 day and we may see a big move on Wednesday. Breaking and sustaining below 200 dma, which is at about 8180, can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully in view of the truncated week.

[aagarwal]

[CONTENT REMOVED BY ADMIN], MESSAGE POSTING ACCESS REMOVED.

[vinay28]

[amitagg]

NF 8599 hit...... Cmp 8587

Near 8605 magic!!!!???

What's the trade.

1) have already hit hurdle at 8605 and to fall down and hence a short NOW
2) short below a certain level below CMP
3) what's the stop in two cases above
4) go long above CMP 8605 or 60tf 8605 or something else
5) target and stop ( more importantly stop) if long as per 4 above .

[riteshucha]

although SL clicked... pls keep this line from AnilS in mind before going short..

" NS Close above 8530 will open up-to possibility of trading range between 8530-8790, first resistance being at 8630"

if at all wanting to short, wait till NS comes closer to 8630... if fails to close above this, then attempt to short...

also remember Jt' 8605 is very close, but far away from a close above it...

my personal suggestion is to see fresh on monday and then take a trade

[vinay28]

I have now bought 8200pe. I also have 9100ce

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (06/04/15)

Supports are at about 8551, 8499 and 8412 while resistances are at about 8627, 8639, 8691 and 8772. Five +WWs can give about 8636 (if above 8375), 8672 (if above 8535), 8802 (if above 8519), 8877 (if above 8539) and 9029 (if above 8468) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8417 (once below 8551) and 8366 (if below 8483) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8755 if nifty sustains above 8535.

Nifty rose very sharply and closed below 8600. Bearish tone will continue since monthly candle is bearish engulfing with -ve div. Hence, it remains in a "sell on rise" mode unless it closes above 8776. Breaking and sustaining below 200 dma, which is at about 8180, can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully since vix can be high in view of a long expiry.

[vinay28]

Nifty daily chart - First hurdle passed, two to go. However, based on RSI, there are three hurdles i.e. 8628/8743/8788.

Also attached is a chart of nifty showing ranges in which it may move up and down for a week or so.

[Niftyman]

Hi Ritesh

NF closed at 8633, above 8605,. Now what !