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Nifty View - August Series 2013 |
apka
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Post: #601  Posted: Fri Aug 23, 2013 6:42 pm Post subject: |
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look at the bank nifty weekly candle volume, the biggest ever i can see over the last 8 years.
it was red volume bar till yesterday, today has turned green for the weekly close. |
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vinay28
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| Post: #602 Posted: Fri Aug 23, 2013 6:44 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | Hoping for a gap up open on Monday again!  |
kaiko? |
meri marzee! don't you want 5830 by expiry?  |
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vinay28
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| Post: #603 Posted: Fri Aug 23, 2013 6:47 pm Post subject: |
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| apka wrote: | look at the bank nifty weekly candle volume, the biggest ever i can see over the last 8 years.
it was red volume bar till yesterday, today has turned green for the weekly close. |
10100/10700/12000. |
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apka
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| Post: #604 Posted: Fri Aug 23, 2013 6:50 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | look at the bank nifty weekly candle volume, the biggest ever i can see over the last 8 years.
it was red volume bar till yesterday, today has turned green for the weekly close. |
10100/10700/12000. |
And the last 3-4 days the daily volume bar in bank nifty has been the highest I see in the last 5 years. It is similar to what it was in 2009 lower levels. Just check.
Btw, 5380 survived on Nifty weekly candle, means cup and handle is still active.
Last edited by apka on Fri Aug 23, 2013 6:57 pm; edited 1 time in total |
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vinay28
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| Post: #605 Posted: Fri Aug 23, 2013 6:56 pm Post subject: |
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| apka wrote: | | And the last 3-4 days the daily volume bar in bank nifty has been the highest I see in the last 5 years. It is similar to what it was in 2009 lower levels. Just check. |
pl post chart. I can't see it |
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apka
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| Post: #606 Posted: Fri Aug 23, 2013 7:06 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | And the last 3-4 days the daily volume bar in bank nifty has been the highest I see in the last 5 years. It is similar to what it was in 2009 lower levels. Just check. |
pl post chart. I can't see it |
attached daily chart of last 8 years. i have highlighted the daily volume bar from the UPC day after election, and the volume bar from 3 sessions back when we opened 433+ gap up but fell down 500 points thereafter.
how does the volume bar turn green on such a fall-full day?
Also attached weekly chart of over 8 years. Even the UPC week didn't have this much volumes as this completed week today. (I think UPC was on Monday, so start of the week we had whole week) |
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apka
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| Post: #607 Posted: Fri Aug 23, 2013 7:16 pm Post subject: |
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| But, 2008 end to 2009 early weeks, bank nifty had made a falling wedge pattern and the indicators had build up positive divergences. Including the momentum indicator... which right now is negative. |
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vinay28
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| Post: #608 Posted: Fri Aug 23, 2013 7:18 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | | And the last 3-4 days the daily volume bar in bank nifty has been the highest I see in the last 5 years. It is similar to what it was in 2009 lower levels. Just check. |
pl post chart. I can't see it |
attached daily chart of last 8 years. i have highlighted the daily volume bar from the UPC day after election, and the volume bar from 3 sessions back when we opened 433+ gap up but fell down 500 points thereafter.
how does the volume bar turn green on such a fall-full day?
Also attached weekly chart of over 8 years. Even the UPC week didn't have this much volumes as this completed week today. (I think UPC was on Monday, so start of the week we had whole week) |
yesterday I had asked rk to see daily nifty chart and same applies to banknifty I feel (and opposite to IT guys) and that is accumulation/absorption.
FIIs are meeting chiddu, raghu and others tmrw to review how he will cut down CAD without capital control. AND RBI has identified some agencies whose foreign fronts were speculating in INR. |
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vinay28
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| Post: #609 Posted: Fri Aug 23, 2013 7:22 pm Post subject: |
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| apka wrote: | | But, 2008 end to 2009 early weeks, bank nifty had made a falling wedge pattern and the indicators had build up positive divergences. Including the momentum indicator... which right now is negative. |
there is a good +ve/hidden div on daily |
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apka
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| Post: #610 Posted: Fri Aug 23, 2013 7:39 pm Post subject: |
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| vinay28 wrote: | yesterday I had asked rk to see daily nifty chart and same applies to banknifty I feel (and opposite to IT guys) and that is accumulation/absorption.
FIIs are meeting chiddu, raghu and others tmrw to review how he will cut down CAD without capital control. AND RBI has identified some agencies whose foreign fronts were speculating in INR. |
If that is the case, then FIIs and Retailers have been net sellers most days, it is the DII which is accumulating.
Weekly divergence would bring a change of trend. If this is to be bottom, we may consolidate for couple of months.
But this is a first after election day/week. How it pans out, is difficult to assume. Even today DII have accumulated. |
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apka
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| Post: #611 Posted: Fri Aug 23, 2013 7:40 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | But, 2008 end to 2009 early weeks, bank nifty had made a falling wedge pattern and the indicators had build up positive divergences. Including the momentum indicator... which right now is negative. |
there is a good +ve/hidden div on daily |
I see for BN spot on MACD. |
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apka
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| Post: #612 Posted: Fri Aug 23, 2013 7:45 pm Post subject: |
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One more.
Even if this is bottom for bank nifty, I don't think nifty will go up with it as fast, there would be sectoral rotation between it and IT. |
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vinay28
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| Post: #613 Posted: Fri Aug 23, 2013 7:51 pm Post subject: |
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| apka wrote: | One more.
Even if this is bottom for bank nifty, I don't think nifty will go up with it as fast, there would be sectoral rotation between it and IT. |
of course and probably pharma nd fmcg. I feel banknifty, oil&gas, particularly ril and a few others may support nifty. Let's see. 5550 is crucial to begin with. But then hard resistances are often taken out in/after gap up open if "they" wish so. |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #614 Posted: Fri Aug 23, 2013 8:27 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | One more.
Even if this is bottom for bank nifty, I don't think nifty will go up with it as fast, there would be sectoral rotation between it and IT. |
of course and probably pharma nd fmcg. I feel banknifty, oil&gas, particularly ril and a few others may support nifty. Let's see. 5550 is crucial to begin with. But then hard resistances are often taken out in/after gap up open if "they" wish so. |
I don't think that will be taken out that easily.I mean "they" may not wish so as of now.
look at sgx nifty even after substantial gains in rupee (after our markets closure) and even with +ve markets in US and Europe It's just showing +6.5.
The SGX moves are as per the intentions of "them". |
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vinay28
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| Post: #615 Posted: Fri Aug 23, 2013 8:30 pm Post subject: |
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| rk_a2003 wrote: | | The SGX moves are as per the intentions of "them".[/color] |
on the contrary rk. sgx is sometimes nicely used to misguide, the volume being very low. |
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