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Nifty View - August Series |
amitagg
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Joined: 01 Oct 2013
Posts: 4559
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Post: #106  Posted: Fri Aug 08, 2014 9:40 pm Post subject: Re: nifty daily |
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| vinay28 wrote: | | dynamite_munda11 wrote: | | dynamite_munda11 wrote: | | nifty daily |
nifty chart posted with 7537 as trgt on 02/08/2014 and today low 7541 |
super sanjay |
The only chartist who succeeded in catching the top and bottom ( to date) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #107 Posted: Fri Aug 08, 2014 9:42 pm Post subject: Re: nifty daily |
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| amitagg wrote: | | vinay28 wrote: | | dynamite_munda11 wrote: | | dynamite_munda11 wrote: | | nifty daily |
nifty chart posted with 7537 as trgt on 02/08/2014 and today low 7541 |
super sanjay |
The only chartist who succeeded in catching the top and bottom ( to date) |
sanjay IS a top expert. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #108 Posted: Fri Aug 08, 2014 9:43 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | how long must have it been since we had a 60 point gap down (about 0.85%) last time? i can't seem to remember.
the continuing odd thing is NF again shelved OI, longs exited and NF OI now stands at a miserly 122 lakhs or so. |
apka, I am not sure what you are implying. I am willing to think of it as being similar to 14/7 candle except for gap down and hoping for island reversal. there are so many tell-tale signs and that's why posted a few charts. |
not implying anything... just trying to figure what is the will of market movers for August.. After a big gap down after a long time it is followed by long exits instead of short additions.. while good additions at 7600ce almost 100% OI... just like 7700pe did for July and it didn't breach. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #109 Posted: Sat Aug 09, 2014 5:12 pm Post subject: |
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Nifty for Monday (11/08/14)
Supports are at about 7543, 7513 and 7482 while resistances are at about 7593, 7622, 7644, 7666 and 7698. Upper and lower unfilled gaps are at about 7650 and 7526/7454 resp. 20/50 dma are at about 7672/7609 resp. A +WW can give about 7687 (once above 7560) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7539 (once below 7584), 7497 and 7475 (-WWs with much lower targets are not mentioned as of now).
Nifty made a lower low even after a gap down open and closed just above 7550 and is distinctly bearish. However, daily candle is like a hammer cum morning star. Also, +ve div is seen in lower TFs and hidden div has appeared on daily chart. Hence, we may see an island reversal on Monday. In addition, Friday was a NR7 day and we may also see big move on Monday. A close above 7672 can start fresh upmove. Liquidity is strong and one needs to be careful. we can also see wild intraday swings. Market will continue to dance to FIIs' whims and fancies. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #110 Posted: Sun Aug 10, 2014 1:58 pm Post subject: |
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| On a side note 5 sept 2013 rajan tookover as rbi governor and fresh rally started.. And 13 sept modi was appointed pm candidate.. A year now into bull run, new highs, 22% higher than previous with just 4% correction at most. |
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apka
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| Post: #111 Posted: Sun Aug 10, 2014 3:31 pm Post subject: |
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| India VIX... some positive divergence+ band squeezing. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #112 Posted: Sun Aug 10, 2014 3:51 pm Post subject: |
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| apka wrote: | | On a side note 5 sept 2013 rajan tookover as rbi governor and fresh rally started.. And 13 sept modi was appointed pm candidate.. A year now into bull run, new highs, 22% higher than previous with just 4% correction at most. |
yes but I feel we may see about 63% above previous low (5118) before about 8-10% correction. A correction more than 11% from whatever peak may mean more fall to come. |
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apka
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| Post: #113 Posted: Sun Aug 10, 2014 3:58 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | On a side note 5 sept 2013 rajan tookover as rbi governor and fresh rally started.. And 13 sept modi was appointed pm candidate.. A year now into bull run, new highs, 22% higher than previous with just 4% correction at most. |
yes but I feel we may see about 63% above previous low (5118) before about 8-10% correction. A correction more than 11% from whatever peak may mean more fall to come. |
63% comes to 8342  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #114 Posted: Sun Aug 10, 2014 10:54 pm Post subject: |
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| will it |
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apka
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| Post: #115 Posted: Sun Aug 10, 2014 10:54 pm Post subject: |
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| will it |
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yoginishreyas
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Joined: 03 Dec 2012
Posts: 80
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| Post: #116 Posted: Sun Aug 10, 2014 11:22 pm Post subject: |
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This is frightening 
Everyone include Mr Rajan is giving scary news, if you are someone who holds future then whats the way to secure capital in such cases.
Vinay sir, Apka Sir Your reply will be highly appreciable.
Shreyas |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #117 Posted: Mon Aug 11, 2014 8:45 am Post subject: |
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apka, a similar chart surfaced last year about dow and I had posted it. having said it, I did post recently that persistent -ve rates will take its toll as money supply dries out.
shreyas, IMHO, our market is in a long term bull phase. it remains bullish even if it goes below 7000, as much as 6630. however, one should always book partial profits in his investments. one should book more if it closes below about 7450 and then 7230. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #118 Posted: Mon Aug 11, 2014 8:51 am Post subject: |
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Hmm, you can add put as a hedge shreyas.
Saumya has gone missing again. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #119 Posted: Mon Aug 11, 2014 9:07 am Post subject: |
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Apka: There's an even more scary comparison of present day DJIA with DJIA as it was just before October 1929 mega crash. (Posted by someone in IC some months back). If you have this chart also, pl. post it for our benefit. Prakash Holla |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #120 Posted: Mon Aug 11, 2014 9:37 am Post subject: |
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open high for NF & BNF same, will buy above it... so many are like this...
gap open pe gap open, this is getting tougher n tougher to trade..
look at adani entereprise opened straight 20 rs up from yest close... |
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