iCharts Discussions

[vinay28]

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

Nifty for Friday (01/04/16) and beyond

Supports are at about 7698/84/61/44 and 7581 while resistances are at about 7760/80/93, 7801/18/28 and 7866. Unfilled gaps on higher and lower sides are at about 7964/7597 resp. 100/200 dma are at about 7582/7893 resp. A +WW can give about 7931 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7689 (if below 7793) and 7582 (if below 7767) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8000 if nifty continues to go up.

Nifty made a higher high but could not sustain and closed flat. Daily candle is doji with strong +ve volume. Weekly candle can be a doji or a long legged doji or a hanging man. Monthly candle is very bullish while quarterly candle is a huge hammer but financial year candle is an inside bar, though in upper half of previous candle. Nifty must now close above 7845 to continue the rally while a close below 7610 may cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[Parag.Sanghvi]

Vinay sir.. What is ur personal view for the april series?

[vinay28]

[AMBY]

Thanks,

[Parag.Sanghvi]

Ok, sorry for the SIR and thanx a lot for your valuable view Vinay..

[vinay28]

[Parag.Sanghvi]

Yes.. I have shorted NF with the sl of 7800 of NS.. If NS willl sustain above 7800, i will reverse the position..

[Parag.Sanghvi]

As per my prediction, NS shud close below 7660 for more fall...

[srfelixmca]

Bro

Need to wait till RBI decession on Tuesday. Then market will get direction

Regards

[Parag.Sanghvi]

Thats right, bt monday's closing will show u the indirect sign.. Be rdy for it..

[vinay28]

[vinay28]

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

Nifty for Monday (04/04/16) and beyond

Supports are at about 7674/57/42/27 and 7580 while resistances are at about 7764/88, 7802/41 and 7885. Unfilled gaps on higher and lower sides are at about 7964/7597 resp. 100/200 dma are at about 7580/7892 resp. A +WW can give about 7952 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7641 (if below 7793) and 7580 (if below 7769) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8000 if nifty continues to go up.

Nifty made a lower high and closed -ve but above 7700. Daily candle is doji cum hammer with -ve volume while weekly candle is a long legged doji cum hanging man with strong -ve volume. hence we may see some reaction eventually when buying tapers off. Bearish div will give results only if sustained selling resumes. Nifty must now close above 7845 to continue the rally while a close below 7610 may cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[doctorshah]

Vinay any update on mock trading session today?

[vinay28]

[Parag.Sanghvi]

Vinay, u had a grt prediction.. U said that market will rise, bcoz of sum other mrkts, nifty cusnt rise as per ur expectation bt closed at higher level with 46points gain.. Hats off dear..