| View previous topic :: View next topic |
| Author |
Nifty View - April Series 2014 |
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
Post: #76  Posted: Wed Apr 16, 2014 5:22 pm Post subject: |
 |
|
NS tgt 6680 achieved...
and NF came so close to 6680...
and today is wednesday.. ur black magic working well before expiry day.. 
what next vinay..
| vinay28 wrote: | today's low of 6743NS is crucial. Not only a -ww giving 6680 is already triggered but a close below 6735 NS will also cause more fall.
If 6680NF is not breached by Wednesday, nifty may not fall more. If it is breached then 6480NF very likely. |
|
|
| Back to top |
|
 |
|
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #77 Posted: Wed Apr 16, 2014 6:52 pm Post subject: |
|
|
| riteshucha wrote: | NS tgt 6680 achieved...
and NF came so close to 6680...
and today is wednesday.. ur black magic working well before expiry day..
what next vinay..
| vinay28 wrote: | today's low of 6743NS is crucial. Not only a -ww giving 6680 is already triggered but a close below 6735 NS will also cause more fall.
If 6680NF is not breached by Wednesday, nifty may not fall more. If it is breached then 6480NF very likely. |
|
Change in OI, volume and price of 6700 ce/pe suggests more fall but both vix and pcr have fallen and hence we may see a reverse surprise from tmrw. Intraday change in OI tmrw will be interesting. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #78 Posted: Wed Apr 16, 2014 7:50 pm Post subject: |
|
|
Nifty for Thursday (17/04/14)
Supports are at about 6673, 6662, 6648 and 6577 while resistances are at about 6715, 6747, 6806, 6843, 6868 and 6884. Previous low is at about 6650. Three +WWs can give about 6763 (once above 6708), 6795 (once above 6670) and 6807 (once above 6636, which is yet to be reached) (+WWs with higher targets are not mentioned as of now). A -WW can give about 6637 (-WWs with much lower targets are not mentioned as of now). A bearish flag can lower level unless killed above about 6725.
Nifty fell sharply again, closed below 6700 and a further fall seems possible. 6660 and 6727 are crucial levels on both sides. Nifty will have to close above 6777 to rise again though a close at/above 6750 is adequate. Thursday is important being last day of the week. Oil price and/or INR and other global cues will remain key to the future of Indian markets in short to medium term. VIX has spiked and can cause wild intraday swings. |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #79 Posted: Wed Apr 16, 2014 8:40 pm Post subject: Miner's Fib Retr Projs. |
|
|
OK. Looks like Nifty has finally stopped rising like a hot air balloon!
If the recent NS high is the local high (6819.05)
Then we may see on downside NS= 6185.8 to 6135.8
Miner calc attached |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #80 Posted: Thu Apr 17, 2014 11:50 am Post subject: |
|
|
well ur surprise was quite a surprise... hehe
ur intra levels vinay...
| vinay28 wrote: | | riteshucha wrote: | NS tgt 6680 achieved...
and NF came so close to 6680...
and today is wednesday.. ur black magic working well before expiry day..
what next vinay..
| vinay28 wrote: | today's low of 6743NS is crucial. Not only a -ww giving 6680 is already triggered but a close below 6735 NS will also cause more fall.
If 6680NF is not breached by Wednesday, nifty may not fall more. If it is breached then 6480NF very likely. |
|
Change in OI, volume and price of 6700 ce/pe suggests more fall but both vix and pcr have fallen and hence we may see a reverse surprise from tmrw. Intraday change in OI tmrw will be interesting. |
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #81 Posted: Thu Apr 17, 2014 12:19 pm Post subject: |
|
|
| riteshucha wrote: | well ur surprise was quite a surprise... hehe
ur intra levels vinay...
| vinay28 wrote: | | riteshucha wrote: | NS tgt 6680 achieved...
and NF came so close to 6680...
and today is wednesday.. ur black magic working well before expiry day..
what next vinay..
| vinay28 wrote: | today's low of 6743NS is crucial. Not only a -ww giving 6680 is already triggered but a close below 6735 NS will also cause more fall.
If 6680NF is not breached by Wednesday, nifty may not fall more. If it is breached then 6480NF very likely. |
|
Change in OI, volume and price of 6700 ce/pe suggests more fall but both vix and pcr have fallen and hence we may see a reverse surprise from tmrw. Intraday change in OI tmrw will be interesting. |
|
if it goes up then I am looking for 6794NF to begin with. But as mentioned elsewhere, a close above 6750 a must and above 6777 preferable for bulls to be back. SL is now 6705NF. Tight SL 6735/20. It must remain above 6736NS for any hope of a rise. Also, a break above 6764NF is confirmation. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #82 Posted: Thu Apr 17, 2014 1:44 pm Post subject: |
|
|
| vinay28 wrote: | | if it goes up then I am looking for 6794NF to begin with. But as mentioned elsewhere, a close above 6750 a must and above 6777 preferable for bulls to be back. SL is now 6705NF. Tight SL 6735/20. It must remain above 6736NS for any hope of a rise. Also, a break above 6764NF is confirmation. |
6794NF!  |
|
| Back to top |
|
|
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
|
| Post: #83 Posted: Thu Apr 17, 2014 1:48 pm Post subject: |
|
|
| vinay28 wrote: | | vinay28 wrote: | | if it goes up then I am looking for 6794NF to begin with. But as mentioned elsewhere, a close above 6750 a must and above 6777 preferable for bulls to be back. SL is now 6705NF. Tight SL 6735/20. It must remain above 6736NS for any hope of a rise. Also, a break above 6764NF is confirmation. |
6794NF! |
|
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #84 Posted: Thu Apr 17, 2014 2:16 pm Post subject: |
|
|
A cool cut smart trap for the bears!!!
|
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #85 Posted: Thu Apr 17, 2014 2:23 pm Post subject: |
|
|
| if a small HnS develops, we may see 6720NS again. To nullify, 6776 must be taken out. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #86 Posted: Thu Apr 17, 2014 2:23 pm Post subject: |
|
|
| SP50 wrote: | A cool cut smart trap for the bears!!!
|
lo, here comes a guy from down under! |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #87 Posted: Thu Apr 17, 2014 2:29 pm Post subject: |
|
|
| vinay28 wrote: | | SP50 wrote: | A cool cut smart trap for the bears!!!
|
lo, here comes a guy from down under! |
Yes rightly so from down under to up up up!!! just like the NF
How r things? am sure this is not what you wanted the market to behave like today!!! IIP nos and inflation was just a hoax for small sell to trap the bears!! 
I went short last thursday on Hindalco, 140PE @ 3.40 and covered it last evening @ 7.35 so in a way I made money on a bull bull run, not bad i think. I missed the bus on DLF where 170PE was available for 6 when I bought hindalco PE and yesterday got a glimpse of it @ 13 !!! |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #88 Posted: Thu Apr 17, 2014 2:32 pm Post subject: |
|
|
of course this is what I wanted. yesterday I covered my puts and went long.  |
|
| Back to top |
|
|
SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
|
| Post: #89 Posted: Thu Apr 17, 2014 2:41 pm Post subject: |
|
|
| vinay28 wrote: | | of course this is what I wanted. yesterday I covered my puts and went long. |
Whats your call for expiry?
Also if i have not mistaken IT pack is positive post election when dollar starts to retreat to 65 levels. Will the last leg of the rally be quick or gradual? One key point the level of debt our companies are carrying in their books (all denominated in dollars) |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #90 Posted: Thu Apr 17, 2014 3:01 pm Post subject: |
|
|
| SP50 wrote: | | vinay28 wrote: | | of course this is what I wanted. yesterday I covered my puts and went long. |
Whats your call for expiry?
Also if i have not mistaken IT pack is positive post election when dollar starts to retreat to 65 levels. Will the last leg of the rally be quick or gradual? One key point the level of debt our companies are carrying in their books (all denominated in dollars) |
expiry seems certain to be well over 6800 and perhaps 6900. My targets for infy/tcs are 2600/1600. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
