iCharts Discussions

[vinay28]

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

Nifty for Thursday (11/08/16) and beyond

Supports are at about 8561/50/31/21, 8482 and 8441 while resistances are at about 8617/41/58, 8739/60 and 8783. Unfilled gaps on the higher/lower side are at about 8938/8551. A +WW can give about 8630 (if above 8570) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A broadening, ascending wedge can give about 8410 if nifty sustains below 8535. A rising wedge can give about 8200 if nifty sustains below 8630.

Nifty opened gap up but fell sharply to close below 8600. Daily volume was not commensurate with range and bottom may be near. Nifty must close above 8712 to begin with while a close below 8544/08 can cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Friday (12/08/16) and beyond

Supports are at about 8579/61/44/31/14, 8482 and 8441 while resistances are at about 8619/49/85, 8739/60 and 8783. Unfilled gaps on the higher/lower side are at about 8938/8467. Three +WWs can give about 8614/48 and 8708 (if above 8580) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A broadening, ascending wedge can give about 8410 if nifty breaks and sustains below 8535. A rising wedge can give about 8200 if nifty sustains below 8630.

Nifty opened flat, made a lower low but recovered to close +ve and below 8600. Daily candle is like a hammer with strong +ve volume and has +ve div. hence, we may see further rise. Nifty must close above 8667 on daily basis and above 8655 on weekly basis while a close below 8544/08 can cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Tuesday (16/08/16) and beyond

Supports are at about 8651/20, 8571/49 and 8531 while resistances are at about 8683/97, 8706/43 and 8783. Unfilled gaps on the higher/lower side are at about 8938/8467. Two +WWs can give about 8710 (if above 8578) and 8797 (if above 8654) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8630/18 (if below 8680) (-WWs with lower targets are not mentioned as of now). A broadening, ascending wedge can give about 8410 if nifty breaks and sustains below 8535. A rising wedge can give about 8200 if nifty breaks and sustains below 8630.

Nifty opened up with a small gap and rose to close well above 8650. Daily candle is a marubuzo with good +ve volume but weekly candle is a hanging man with good -ve volume and -ve div. Hence, next week's movement is crucial in deciding nifty trend in short term. Nifty must close above 8712 to continue the rally while a close below 8575 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Wednesday (17/08/16) and beyond

Supports are at about 8620, 8597/71/57/46 and 8531 while resistances are at about 8650/64/86, 8727/46/57 and 8783. Unfilled gaps on the higher/lower side are at about 8938/8467. Two +WWs can give about 8722 (if above 8650) and 8750 (if above 8602) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8611 (if below 8689) and 8576 (if below 8698) (-WWs with lower targets are not mentioned as of now). A bullish flag can give about 8740 unless killed below 8590. A broadening, ascending wedge can give about 8420 if nifty breaks and sustains below 8545. A rising wedge can give about 8200 if nifty breaks and sustains below 8630.

Nifty opened flat but couldn't sustain and fell to close below 8650. Daily candle is like a hanging man with good -ve volume and we may see some more fall. Nifty must close above 8712 to continue the rally while a close below 8575 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[EssJay]

weekly hanging man playing out

[amitagg]

[EssJay]

russia attacks syria..crude on fire..it may play out tomorrow.

[vinay28]

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

Nifty for Thursday (18/08/16) and beyond

Supports are at about 8610, 8599/83/62/50 and 8531 while resistances are at about 8635/51/66/98, 8757 and 8783. Unfilled gap on the lower side is at about 8592. Two +WWs can give about 8648/98 (if above 8600) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8552 (-WWs with lower targets are not mentioned as of now). A bullish flag can give about 8740 unless killed below 8590. A broadening, ascending wedge can give about 8420 if nifty breaks and sustains below 8545. A rising wedge can give about 8200 if nifty breaks and sustains below 8600. A HnS can give about 8445 if nifty breaks below 8555.

Nifty opened flat but fell to close well below 8650. Daily candle is an inside doji with good -ve volume and we may see some more fall. It's now bullish above 8668 and bearish below 8603. Nifty must close above 8672 to begin with while a close below 8575/44 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Friday (19/08/16) and beyond

Supports are at about 8652/44/21, 8594/62 and 8531 while resistances are at about 8697, 8712/57 and 8797. Unfilled gap on the lower side is at about 8624. A +WW can give about 8736 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8653 (if below 8692) and 8561 (if below 8668) (-WWs with lower targets are not mentioned as of now). A bullish flag can give about 8740 unless killed below 8590. A IHnS can give about 8740 if nifty breaks below 8695.

Nifty opened gap up and rose to close well above 8650. Daily volume is good +ve and we may see further rise. Nifty must close above 8684/8712 to continue the rally while a close below 8672/8624 may start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[AjitS]

[vinay28]

[vinay28]

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

Nifty for Monday (22/08/16) and beyond

Supports are at about 8656/38/18/04, 8564 and 8531 while resistances are at about 8696, 8711/30/54 and 8783. Unfilled gap on the lower side is at about 8624. A +WW can give about 8741 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8634/8568 (if below 8692) (-WWs with lower targets are not mentioned as of now). A bullish flag can give about 8740 unless killed below 8590. A IHnS can give about 8750 if nifty breaks above 8675.

Nifty opened gap up but fell to close -ve but above 8650. Daily volume is good -ve and there is mild -ve div. The weekly candle is, however, ominous by being a long legged doji cum hanging man cum imperfect bearish harami cross with good -ve volume. Hence, we may see further fall. Nifty must close above 8712 to continue the rally while a close below 8624 may start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Tuesday (23/08/16) and beyond

Supports are at about 8619/10, 8597/77/69/56 and 8531 while resistances are at about 8646/58/66/74/85, 8707/17/35 and 8783. Unfilled gap on the lower side is at about 8592. A +WW can give about 8714 (if above 8644) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8548 (-WWs with lower targets are not mentioned as of now). A HnS can give about 8470 if nifty breaks below 8570. A ST can give about 8810/8500 in case of a break out/down above/below 8680/8630 resp.

Nifty opened flat and fell to close -ve above 8600. Nifty must close above 8674 to begin with while a close below 8624/8575 may cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[apka]

Jackson hole meeting this week.. That time of the year again

[vinay28]

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

Nifty for Wednesday (24/08/16) and beyond

Supports are at about 8615/02, 8591/73/53 and 8531 while resistances are at about 8649/62/73/83/94, 8712/54 and 8783. Two +WWs can give about 8672 (if above 8610) and 8731 (if above 8641) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8514 (-WWs with lower targets are not mentioned as of now). A ST can give about 8810/8500 in case of a break out/down above/below 8680/8630 resp.

Nifty opened flat and fell to make a lower low but recovered to close +ve above 8600. Daily candle is a hammer with good +ve volume and +ve div and we may see further rise. Nifty must close above 8674 to begin with while a close below 8624/8575 may cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.