iCharts Discussions

[amitagg]

[opportunist]

[vinay28]

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

Nifty for Thursday (27/08/15) and beyond

Supports are at about 7733, 7677 and 7655 while resistances are at about 7835, 7854, 7866, 7890, 7990 and 8050. Unfilled gap on lower side is at about 7625 while a previous low is at about 7540. Four +WWs can give about 7913/79 (if above 7834) and 8120/68 (if above 7755) (+WWs with higher targets are not mentioned as of now). Two -WWs can give 7679/7603 (if below 7965) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8020 if nifty sustains above 7910 while a HnS can give about 7300 if nifty sustains below 8000.

Nifty fell sharply again after a making a higher high and closed below 7800 continuing its bearishness. However, the bullish div can result in sharp reversal if buying resumes. Nifty needs to close above 7966 to begin with. Only some +ve major news event can save nifty. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being expiry day.

[pkholla]

[amitagg]

[vinay28]

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

Nifty for Friday (28/08/15) and beyond

Supports are at about 7920, 7905, 7881, 7854, 7820, 7811, 7800 and 7775 while resistances are at about 7990, 8000, 8030, 8046, 8107, 8165 and 8188. Unfilled gap on lower side is at about 7791. Two +WWs can give about 8167 and 8211 (+WWs with higher targets are not mentioned as of now). Four -WWs can give 7779/00 (if below 7931) and 7686/7598 (if below 7938) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8020 if nifty sustains above 7930 while a HnS can give about 7300 if nifty sustains below 8000. BO of a ST/AT can give 8105.

Nifty first fell after a big gap up open but recovered sharply to close +ve and just below 7950. Being Friday, it is adequate for nifty to close above 7927 but a close above 7966/83 is desired. However, bearish sentiment persists and only some +ve major news event can save nifty. Global and local eco-political events can have a bearing on how nifty moves in short term.

[AMBY]

THANKS FOR YOUR LEVELS.

[vinay28]

[vinay28]

Gambling call. Buy 8700ce and forget about it. SL zero as of now.

[vinay28]

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

Nifty for Monday (31/08/15) and beyond

Supports are at about 7955, 7936, 7921 and 7885 while resistances are at about 8020, 8050, 8079, 8090, 8112, 8126, 8150, and 8181. Unfilled gap on lower side is at about 7948. Two +WWs can give about 8250 and 8290 (+WWs with higher targets are not mentioned as of now). Four -WWs can give 7938 (if below 8100, which is yet to be reached), 7902 (if below 8006) and 7686/11 (if below 7930) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7300 if nifty sustains below 8000. BO of a ST/AT can give 8105.

Nifty fell sharply after a huge gap up open to close +ve and just above 8000. Though daily candle is Red, volume is +ve. Also, weekly candle is the biggest hammer since Jan '08 if we ignore the freak hammer in Oct '12. But, monthly candle is not good and we may see some more fall before recovery. However, strong bullish div persists and we may see further rise eventually. Monday being end of month, nifty must close above 8182 but preferably above 8229. Since bearish sentiment persists, only some +ve major news event can save nifty. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

what a week last week was for swingers

i think just last month i had mentioned that every year VIX touches 25, this year it hadn't so far.. and kaboom this month

btw congrats vinay, i read you had taken puts overnight before the great fall.. seldom such instances come true

[vinay28]

[vinay28]

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

Nifty for Tuesday (01/09/15) and beyond

Supports are at about 7930, 7890 and 7745 while resistances are at about 7990, 8030, 8057, 8090 and 8176. Unfilled gap on lower side is at about 7791. (+WWs with higher targets are not mentioned as of now). A -WW can give 7882 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7310 if nifty sustains below 7930. BO of a ST can give 8105.

Nifty fell again and closed below 8000. The -ve volume is disturbing and unless there is reversal soon, further fall is likely. However, strong bullish div persists and we may see reversal if buying resumes. Nifty must close above 8058 to begin with while a close below 7880 will be bad. Since bearish sentiment persists, only some +ve major news event can save nifty. Global and local eco-political events can have a bearing on how nifty moves in short term.

[riteshucha]

looks like it will fill the gap of 7791..
vinay, is the bullish divergence visible now still???

[vinay28]