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Nifty View - August Series 2013 |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #166  Posted: Tue Aug 06, 2013 7:42 pm Post subject: |
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Dear friends,
Have a look on this Nifty chart.Nifty at trend support and falling wedge support,moreover EOD RSI less than 30.Whenever EOD RSI less than 30 nifty will get 300 to 400 point rally.So shorters be ready to change your colours. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #167 Posted: Tue Aug 06, 2013 7:59 pm Post subject: |
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| chandrujimrc wrote: | Dear friends,
Have a look on this Nifty chart.Nifty at trend support and falling wedge support,moreover EOD RSI less than 30.Whenever EOD RSI less than 30 nifty will get 300 to 400 point rally.So shorters be ready to change your colours. |
here's my take chandru further to my reply to vishy.
I suspect FIIs are upto some game considering that premium is so high even though nifty has fallen so much, since 15 more days are pending for expiry. That's why tmrw onwards very crucial. I had posted earlier that 8/8 to 17/9 are crucial. If it goes down further, I feel it will reverse sharply from 5480/90 and go upto probably 5850. I am aware that there are plenty of resistances on the way.
What's more, a +ww can give as much as 6045 and 6181 once above 5485, similar to the target of of BO of wedge/channel mentioned in a post few days ago. Now to see whether we get a daily candle at/above 5485 which is green and has >average volume.
I had mentioned earlier that >11% fall often results in a recovery. Also, nifty has rarely fallen so vertically in the past. Probably 2-3 times as Posted earlier.
A convincing breach of 5480 may mean 5309. If I remember right, Mr Raja's condition for bullishness is a weekly close above 5625. Also, nifty can reverse from 5850 and go to 5309 before its long and sharp recovery to probably all time high by dec/jan.
Of course, this is all conjecture. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #168 Posted: Tue Aug 06, 2013 8:26 pm Post subject: |
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| by the way rsi is 35.57 on NS chart and not below 30. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #169 Posted: Tue Aug 06, 2013 8:58 pm Post subject: |
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| you guys are referring to levels closer 5300 incase 5477 breaks, but i think 5440 and 5380 are solid enough to provide sharp bounce. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #170 Posted: Tue Aug 06, 2013 9:01 pm Post subject: |
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| Quote: | As per details meted out by Finance Minister P Chidambaram, quasi sovereign bonds are likely to be raised by companies. Power Finance Corporation will be raising bonds to the tune of USD 2 billion. IIFL and Railway Finance will also be raising USD 1 billion each via the same route.
The finance ministry itself looks to raise about USD 4 billion from quasi sovereign bond issues. Apart from that, it is likely to raise USD 3 billion from the Hindustan Zinc -Balco stake sale within this fiscal.
Hikes in import duties and various products are also expected. The largest chunk among these is going to be electronic goods, and high-end luxury goods. Meanwhile, iron ores may also see a hike in import duty.
The ministry may also reserve a quota for sovereign wealth fund in divestment issue. The government may also be looking at reducing the amount that Indians could invest abroad which currently is to the tune of about Rs 2 lakh. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #171 Posted: Tue Aug 06, 2013 10:07 pm Post subject: |
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Dear vinay,
You just ref with other charts for RSI. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #172 Posted: Wed Aug 07, 2013 10:09 am Post subject: |
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Today PSU banks are in mood.
VIX high 23.28
and NF volumes 5 million in 50 mins. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #173 Posted: Wed Aug 07, 2013 10:44 am Post subject: |
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| apka wrote: | | VIX high 23.28 |
but for a change nifty is not falling as vix rises. 
Hopefully 5480/90 posted yesterday may hold. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #174 Posted: Wed Aug 07, 2013 11:08 am Post subject: |
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Vinay: But NF is not rising either. Al Brooks suggests that trend may change if price decisively breaks thru 15ema. But today 2 attempts have touched and failed to cross ( around 0930, 1020) and now 3rd attempt has reached but not crossed, yet!
Another critical indicator is volume which remains poor (for NF)
Finally latest 5 min candle is forming above 15ema and volume is rising |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #175 Posted: Wed Aug 07, 2013 11:16 am Post subject: |
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| pkholla wrote: | Vinay: But NF is not rising either. Al Brooks suggests that trend may change if price decisively breaks thru 15ema. But today 2 attempts have touched and failed to cross ( around 0930, 1020) and now 3rd attempt has reached but not crossed, yet!
Another critical indicator is volume which remains poor (for NF)
Finally latest 5 min candle is forming above 15ema and volume is rising |
mind your words mister!  |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #176 Posted: Wed Aug 07, 2013 11:17 am Post subject: |
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Hangover for Nifty at the moment.
JP on fire. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #177 Posted: Wed Aug 07, 2013 11:21 am Post subject: |
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| SP50 wrote: | Hangover for Nifty at the moment.
JP on fire. |
ohh, i thought you were on mourn wrath. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #178 Posted: Wed Aug 07, 2013 11:23 am Post subject: |
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| apka wrote: | | SP50 wrote: | Hangover for Nifty at the moment.
JP on fire. |
ohh, i thought you were on mourn wrath. |
Mourn Wrath !!!
Mera time bahoot kharap chal rahha hai !!! Koi vacancy ho to batana. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #179 Posted: Wed Aug 07, 2013 11:35 am Post subject: |
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| arey bhago, murda jinda ho gaya! |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #180 Posted: Wed Aug 07, 2013 11:38 am Post subject: |
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| vinay28 wrote: | | arey bhago, murda jinda ho gaya! |
Who?
Me or JP?
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