iCharts Discussions

[apka]

July retail inflation accelerates to 7.96 percent
Industrial output growth slows to 3.4 percent in June

Sgx Nifty Future
7716.00 -36.50 -0.47%

Nifty still doing timepass in same range.

[riteshucha]

Yes thanks getting the hang of it..
But I decided to exit all my calls was not really sure of the way its been gapping up n down regularly hence exited most of calls n stocks futures...

So far so good, even before usa has opened sgx showing -40.. Let's see what happens tomm... Fingers crossed holding small pe bought at eod..

[apka]

[shaheerzaman]

I expect Nifty to be in the range 7950-8000 by month end.

[vinay28]

Nifty for Wednesday (13/08/14)

Supports are at about 7700, 7680, 7661-51, 7638, 7614 and 7567 while resistances are at about 7766, 7833 and 7874. Upper and lower unfilled gaps are at about 7650 and 7568 resp. The 10/20 dma are at about 7681/89. Three +WWs can give about 7789, 7827 and 7860 (+WWs with higher targets are not mentioned as of now). A -WW can give about 7655 (once below 7711) (-WWs with much lower targets are not mentioned as of now).

Nifty rose after a gap up open to close well above 7700. Island reversal posted earlier was confirmed thanks to the hidden div seen on daily chart and further upmove is very likely. The range was also big due to Monday's NR7 day. A close above 7747 on Wednesday followed by a weekly close above 7791 can start the next rally. However, if nifty fails to go above 7753 but RSI goes above 56.16, we may see a reversal. 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.

[apka]

they keep saying on tv lot of selling today, bank nifty, midcap, energy down... stocks like lnt, bhel, sbi all down and still nifty hovering near -5 -10....

[vinay28]

[vinay28]

Nervous triangle

[amitagg]

[vinay28]

Nifty for Thursday (14/08/14)

Supports are at about 7725, 7693-83, 7661, 7646, 7620 and 7568 while resistances are at about 7776-82, 7793, 7833 and 7876. Lower unfilled gap is 7625. The 10/20 dma are at about 7673/7703 resp. Five +WWs can give about 7780-88, 7800, 7824 and 7841 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7689 (once below 7758) and 7653 (once below 7727) (-WWs with much lower targets are not mentioned as of now). A bullish flag can give about 7797 unless killed below 7690.

Nifty rose after a gap down open but closed below 7750. Daily candle is like a doji and a mild -ve div has appeared on daily as well as in lower TFs and we may see a reaction. A close above 7791 on Thursday can start the next rally. About 7774-82 is crucial zone. Also, RSI must go above 62.20 for further rise. A close below 7665 can cause further slide. Liquidity is strong and one needs to be careful. FIIs seem to be expecting some major +ve announcement on 15/8. We can also see wild intraday swings.

[vinay28]

[ragwendra]

Ready for top view..........must look great from 8000 lvl

[dynamite_munda11]

nifty from low of 7541
7715 is 180 degree and closed above this lvl for 2nd day
above this 7755/7803/7848/7892 as 225/270/315/360 degrees


nifty near 7892 being the 360 degree and above 7892 it can trgt

7922/7936/7981/8011/8026

[dynamite_munda11]

nifty view though imho feel that it should find resistance near 7770/7803/7810

[vinay28]

I just heard that 7800pe is being written. Now a bit below 7728NS is worst case SL, otherwise 7735.