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Nifty View - August Series 2013 |
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #301  Posted: Thu Aug 15, 2013 7:33 pm Post subject: |
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Hi Vinay, Abhinav and other Japani Baadal (Ichimoku) lovers.
Here is my reading on Ichimoku for NIFTY.
Immediate resistance is at/around 5765, if crosses then 5790 and then around 5900, which will be the second rock resistance. But what is the first rock resistance. Already mentioned above, around 5765.
Support is at 5647.
So, IMO, NIFTY may move in the range of 5765 - 5647 tomorrow
The Kumo (the cloud) is quite thick, or to say it is thickest at present level, so it may not be possible for NIFTY to pierce it.
An important observation, if (as and when) NIFTY crosses/closes above 5790 (this level will keep increasing on daily basis along Kumo), it may take very short time to reach around 5900. Until Nifty does not cross 5900 level it will remain bearish.
I may add that above is only an observation and no prediction. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #302 Posted: Thu Aug 15, 2013 7:42 pm Post subject: |
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Though 13.8.13 was an NR4 day for NIFTY only (NF was neither NR7 nor NR4)
BUT
Banknifty and Banknifty Future, both were NR7 on 13.8.13
So we may see some high volatility in BankNifty tomorrow (unless it is again an NR7 or NR4 day)
So, take care |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #303 Posted: Thu Aug 15, 2013 7:52 pm Post subject: |
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So my name's out 
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #304 Posted: Thu Aug 15, 2013 7:53 pm Post subject: |
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| saumya12 wrote: | Hi Vinay, Abhinav and other Japani Baadal (Ichimoku) lovers.
Here is my reading on Ichimoku for NIFTY.
Immediate resistance is at/around 5765, if crosses then 5790 and then around 5900, which will be the second rock resistance. But what is the first rock resistance. Already mentioned above, around 5765.
Support is at 5647.
So, IMO, NIFTY may move in the range of 5765 - 5647 tomorrow
The Kumo (the cloud) is quite thick, or to say it is thickest at present level, so it may not be possible for NIFTY to pierce it.
An important observation, if (as and when) NIFTY crosses/closes above 5790 (this level will keep increasing on daily basis along Kumo), it may take very short time to reach around 5900. Until Nifty does not cross 5900 level it will remain bearish.
I may add that above is only an observation and no prediction. |
what a chart! 
it looks like a map from africa to far east. but you are so selfish, saumya, that you have already taken your cloud from south africa to japan and that too with changing colours.
Now waiting for the price to go to japan via hongkong.
Last edited by vinay28 on Thu Aug 15, 2013 7:57 pm; edited 2 times in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #305 Posted: Thu Aug 15, 2013 7:54 pm Post subject: |
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| apka wrote: | So my name's out
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
buy how did saumya come to know about it? 
I sold my longs near eod wednesday and went small short. My lower level is 5651 and I will get out there and go long. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #306 Posted: Thu Aug 15, 2013 8:07 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | So my name's out
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
buy how did saumya come to know about it?
I sold my longs near eod wednesday and went small short. My lower level is 5651 and I will get out there and go long. |
From the horses mouth 
I remember, he himself has revealed his full name a long time back.
I too had sold my long positions at EOD but didnt get opportunity to go short.
Anyway will take position tomorrow. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #307 Posted: Thu Aug 15, 2013 8:10 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | So my name's out
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
buy how did saumya come to know about it?
I sold my longs near eod wednesday and went small short. My lower level is 5651 and I will get out there and go long. |
We must entail, how she got to know. The source could be the same from you learnt she is a miss. So share that now.  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #308 Posted: Thu Aug 15, 2013 8:11 pm Post subject: |
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| vinay28 wrote: |
what a chart!
it looks like a map from africa to far east. but you are so selfish, saumya, that you have already taken your cloud from south africa to japan and that too with changing colours.
Now waiting for the price to go to japan via hongkong. |
Dont worry.
It will soon cross the boundaries of Australia & Newzeland also and if God willing, perhaps to Antarctica as well.
Last edited by saumya12 on Thu Aug 15, 2013 8:20 pm; edited 2 times in total |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #309 Posted: Thu Aug 15, 2013 8:16 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: | | apka wrote: | So my name's out
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
buy how did saumya come to know about it?
I sold my longs near eod wednesday and went small short. My lower level is 5651 and I will get out there and go long. |
From the horses mouth
I remember, he himself has revealed his full name a long time back.
I too had sold my long positions at EOD but didnt get opportunity to go short.
Anyway will take position tomorrow. |
Oh. That's some memory you have. I don't even remember if I did and I used the search function but couldn't find where I wrote my name. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #310 Posted: Thu Aug 15, 2013 8:17 pm Post subject: |
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| apka wrote: | So my name's out
Thanks for the chart and supporting levels Saumya, will keep in mind.
For the moment US and Europe are heavily down suggesting 5647 being more probable tomorrow. |
None else but you yourself has revealed it in a post long time back otherwise how could I know it.
If we have market opened for today, then we would have interesting trades today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #311 Posted: Thu Aug 15, 2013 8:20 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: |
what a chart!
it looks like a map from africa to far east. but you are so selfish, saumya, that you have already taken your cloud from south africa to japan and that too with changing colours.
Now waiting for the price to go to japan via hongkong. |
Dont worry.
It will soon cross the boundaries of Australia & Newzeland also and perhaps to Antarctica also.
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hopefully not. it should stop at singapore by sept end and then japan.
in your honour saumya san! |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #312 Posted: Thu Aug 15, 2013 8:32 pm Post subject: |
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| I think Bank Nifty will protect the mkt tomorrow.NR7 day with Rsi +ve divrg. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #313 Posted: Thu Aug 15, 2013 8:40 pm Post subject: |
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| chandrujimrc wrote: | | I think Bank Nifty will protect the mkt tomorrow.NR7 day with Rsi +ve divrg. |
apke mooh mein ghee shakar. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #314 Posted: Thu Aug 15, 2013 8:43 pm Post subject: |
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| Dear apka English pl. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #315 Posted: Thu Aug 15, 2013 8:47 pm Post subject: |
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| chandrujimrc wrote: | | Dear apka English pl. |
Meaning: Bless you.
Literally: May your mouth be full of ghee and sugar for saying that. |
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