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Nifty View - April '15 Series |
satishkadam
Yellow Belt
Joined: 01 Apr 2010
Posts: 805
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Post: #76  Posted: Wed Apr 22, 2015 3:16 pm Post subject: |
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| NU2013 wrote: | | vinay28 wrote: | | NU2013 wrote: | Where are the bulls??  |
you always speak too soon?  |
almost always!!! 
sometimes helps and sometimes backfires!!!  |
Bulls are back.................looks like.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #77 Posted: Wed Apr 22, 2015 3:17 pm Post subject: |
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| I did nothing yaar! bought only 90 lac fut from 2pm. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #78 Posted: Wed Apr 22, 2015 3:28 pm Post subject: |
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| vinay28 wrote: | | I did nothing yaar! bought only 90 lac fut from 2pm. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #79 Posted: Wed Apr 22, 2015 7:12 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Thursday (23/04/15) and beyond
Supports are at about 8388, 8326 and 8222 while resistances are at about 8435, 8492, 8521, 8554 and 8627. Four +WWs can give about 8478, 8533, 8550 and 8587 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A HnS can give about 7800 if nifty breaks and sustains below 8335. A broadening, descending triangle BO can give 8525 if nifty sustains above 8445.
Nifty fell sharply but reversed viciously to close +ve and well above 8400. Daily candle is a powerful hammer and we may see further rise. A close below 8341/24 will mean more fall while a close above 8566 may give some hope to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #80 Posted: Thu Apr 23, 2015 11:59 am Post subject: |
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| Something tells me that market won't fall much now. It is always advisable to protect your profit. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #81 Posted: Thu Apr 23, 2015 12:05 pm Post subject: |
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| vinay28 wrote: | | Something tells me that market won't fall much now. It is always advisable to protect your profit. |
I agree.... but VIX is giving me jitters!!! at 18.60 now, up almost 8% |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #82 Posted: Thu Apr 23, 2015 1:27 pm Post subject: |
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| Thanks. |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #83 Posted: Thu Apr 23, 2015 3:26 pm Post subject: |
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Vinay,
closing negative will it cause more fall tomorrow?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #84 Posted: Thu Apr 23, 2015 3:47 pm Post subject: |
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| manojkr78 wrote: | Vinay,
closing negative will it cause more fall tomorrow?? |
manoj, IMHO, only close below 8341/24 can cause more fall. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #85 Posted: Thu Apr 23, 2015 8:14 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Friday (24/04/15) and beyond
Supports are at about 8333, 8276 and 8197 while resistances are at about 8420, 8435, 8477, 8521 and 8563. Three +WWs can give about 8474/8566 (if above 8344) and 8604 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8226 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7800 if nifty breaks and sustains below 8335.
Nifty rose after a big gap up open but fell sharply and could not recover much, finally closing just below 8400. Bullish div remains and we may see further rise. A close below 8341/24 will mean more fall while a close above 8566 may give some hope to bulls. For Friday, a close above 8508 is required to give a hammer on weekly chart. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #86 Posted: Thu Apr 23, 2015 9:43 pm Post subject: |
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| Updated NF levels as of eod 22/04 |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #87 Posted: Fri Apr 24, 2015 12:18 pm Post subject: |
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Do you say HnS confirms ONLY if it closes below 8335?
| vinay28 wrote: | | manojkr78 wrote: | Vinay,
closing negative will it cause more fall tomorrow?? |
manoj, IMHO, only close below 8341/24 can cause more fall. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #88 Posted: Fri Apr 24, 2015 12:38 pm Post subject: |
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| anusantosh wrote: | | Do you say HnS confirms ONLY if it closes below 8335? |
no it has to sustain below that but it may become possible if it closes below levels given. I am saying "may" because it can reverse from any level. As of now, as posted yesterday, I feel bottom may be over though it can revisit there to create a double bottom. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #89 Posted: Fri Apr 24, 2015 2:47 pm Post subject: |
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| vinay28 wrote: | | anusantosh wrote: | | Do you say HnS confirms ONLY if it closes below 8335? |
no it has to sustain below that but it may become possible if it closes below levels given. I am saying "may" because it can reverse from any level. As of now, as posted yesterday, I feel bottom may be over though it can revisit there to create a double bottom. |
it went there as I thought it may. now to see how it behaves. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #90 Posted: Fri Apr 24, 2015 2:53 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | anusantosh wrote: | | Do you say HnS confirms ONLY if it closes below 8335? |
no it has to sustain below that but it may become possible if it closes below levels given. I am saying "may" because it can reverse from any level. As of now, as posted yesterday, I feel bottom may be over though it can revisit there to create a double bottom. |
it went there as I thought it may. now to see how it behaves. |
welgro is talking abt nifty at 6666 in his thread!!  |
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