iCharts Discussions

[saurabhkurichh]

overseas not supporting on monday

[vinay28]

[vinay28]

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

Nifty for Monday (20/04/15) and beyond

Supports are at about 8568, 8531 and 8500 while resistances are at about 8627/8635/8641, 8672, 8714 and 8738. An unfilled gap on higher side is at about 8707. 50/100 dma are at about 8706/8566. Four +WWs can give about 8677 (if above 8602), 8697 (if above 8631) and 8709/37 (if above 8615) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8544 (-WWs with lower targets are not mentioned as of now). A bearish flag can give lower levels unless killed above 8755.

Nifty fell sharply again and managed to close just above 8600 and further fall looks likely. Daily candle is a big, bearish Marubuzo. However, a bullish div has developed and we may see a sharp reversal soon. A close below 8586 will mean more fall while a close above 8684 will give some hopes to bulls but only a close above 8776 will mean further rise. Global and local eco-political events can have a bearing on how nifty moves in short term.

[saurabhkurichh]

Europe still up and nifty... need to cross 8620 on fut for a up move

[vinay28]

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

Nifty for Tuesday (21/04/15) and beyond

Supports are at about 8434, 8373 and 8299 while resistances are at about 8497, 8521, 8572 and 8683. A +WW can give about 8960 (if above 8495) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8185 (if below 8550) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7800 if nifty breaks and sustains below 8335.

Nifty fell sharply again and closed just below 8450 and is very bearish. Daily candle is once again a big, bearish Marubuzo. However, the bullish div has becomes stronger and we may see a sharp reversal soon. A close below 8341 will mean more fall while a close above 8566 may be the first sign of a reversal. Global and local eco-political events can have a bearing on how nifty moves in short term.

[AMBY]

THANKS FOR THE LEVELS.

[vinay28]

FIIs bought a huge 17489 cr in cash today

[manojrp]

[vinay28]

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

Nifty for Wednesday (22/04/15) and beyond

Supports are at about 8330 and 8283 while resistances are at about 8400, 8435, 8448, 8521 and 8627. 200 dma is at about 8243. Four +WWs can give about 8465 (if above 8376), 8470 (if above 8398), 8541 and 8960 (if above 8495) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8150 (if below 8550) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7800 if nifty breaks and sustains below 8335.

Nifty fell again and closed below 8400 and looks very bearish. However, daily candle is like a doji and nifty is approaching oversold region. Hence, we may see a reversal soon. A close below 8341 will mean more fall while a close above 8566 may be the first sign of a reversal. Global and local eco-political events can have a bearing on how nifty moves in short term.

[NU2013]

[vinay28]

[NU2013]

[vinay28]

[NU2013]

[vinay28]

we need a close above 8398/8449 today and 8508 by Friday. 8566 is better