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Nifty View - August Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #181  Posted: Thu Aug 14, 2014 11:42 am Post subject: |
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| I feel we may see some action after 12.20pm, which may help us judge market mood. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #182 Posted: Thu Aug 14, 2014 11:54 am Post subject: |
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| dont you feel something very frisky is going on in the price action? Quick up downs and gaps in prices... |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #183 Posted: Thu Aug 14, 2014 12:02 pm Post subject: |
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| apka wrote: | | dont you feel something very frisky is going on in the price action? Quick up downs and gaps in prices... |
yes but that's perhaps due to opposing sentiments among market makers. now see which side wins. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #184 Posted: Thu Aug 14, 2014 3:41 pm Post subject: |
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| vinay28 wrote: | 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. |
at last an all time high weekly close above 7791 but just by a wee bit. Also, targets of first two +WWs and bullish flag met.  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #185 Posted: Thu Aug 14, 2014 3:44 pm Post subject: |
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| vinay28 wrote: | | I feel we may see some action after 12.20pm, which may help us judge market mood. |
nifty made a low at 12.15.  |
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skr1975
White Belt
Joined: 01 Jul 2014
Posts: 19
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| Post: #186 Posted: Thu Aug 14, 2014 4:11 pm Post subject: |
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perfect one  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #187 Posted: Thu Aug 14, 2014 5:36 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | I feel we may see some action after 12.20pm, which may help us judge market mood. |
nifty made a low at 12.15. |
its only once in my trading career that I happened to come and meet across one individual who trains traders at trading desks and who personally told me that she could predict intra day market "timing" with precision........ |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #188 Posted: Thu Aug 14, 2014 5:45 pm Post subject: |
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| vinay28 wrote: | | at last an all time high weekly close above 7791 but just by a wee bit. Also, targets of first two +WWs and bullish flag met. |
Hmm... perhaps a re-test of 7680 spot level before rising? Would make an iHnS if it does and RSI has been flat from 7550 -> 7800. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #189 Posted: Thu Aug 14, 2014 6:40 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | vinay28 wrote: | | I feel we may see some action after 12.20pm, which may help us judge market mood. |
nifty made a low at 12.15. |
its only once in my trading career that I happened to come and meet across one individual who trains traders at trading desks and who personally told me that she could predict intra day market "timing" with precision........ |
yes, there are a few who practice it. I had posted once intraday timings given by someone about a month ago just for the sake of fun. But the ones I know do it based on astrology. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #190 Posted: Thu Aug 14, 2014 6:43 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | at last an all time high weekly close above 7791 but just by a wee bit. Also, targets of first two +WWs and bullish flag met. |
Hmm... perhaps a re-test of 7680 spot level before rising? Would make an iHnS if it does and RSI has been flat from 7550 -> 7800. |
if nothing comes from namo tmrw, there could be a false scare. In that case, I too expect about 7680 and as much as 7560-70. Otherwise, I am bullish.
That's why I sold half of my 7800ce but not 8000ce.
Incidentally apka, IHnS is already formed but break out is above about 7888 if it happens in 2-3 days. Otherwise this level will slowly increase. target is about 8035 to 8200.
Interestingly note that large players are putting present target of this upmove at 7888 only. Perhaps it may reverse strongly from there if it goes there. But then it would have formed a cup and its BO will again give 8260. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #191 Posted: Thu Aug 14, 2014 7:59 pm Post subject: |
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| Mkt after taking support at 50 EMA ,still going up with -ve divrg only.If unable to cross the up side trend line there will be a heavy sell off.So longs be alert.This time mkt will try to break 50 EMA and move towards 100 EMA. |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #192 Posted: Thu Aug 14, 2014 9:07 pm Post subject: |
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| 70+ points up move on monday.....be ready |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #193 Posted: Thu Aug 14, 2014 9:54 pm Post subject: |
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| ragwendra wrote: | | 70+ points up move on monday.....be ready |
Any basis for saying so
Any crossover, any pattern, any calculation etc etc.
If yes, then post it here.
Without all that it is just tukka
Without any basis, I too can say, on Monday Nifty Future will be 7850
Kahney mein kya jata hai  |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #194 Posted: Thu Aug 14, 2014 10:03 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | 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. |
at last an all time high weekly close above 7791 but just by a wee bit. Also, targets of first two +WWs and bullish flag met. |
Vinay Sir,
Nice analysis
If it is possible for you, then please post the charts for these +WWs and bullish flag.
Thanks |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #195 Posted: Fri Aug 15, 2014 9:10 am Post subject: |
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| kaydee11 wrote: | Vinay Sir,
Nice analysis
If it is possible for you, then please post the charts for these +WWs and bullish flag.
Thanks |
thank you. first of all, no "sir" pl.
No, I can't post any charts as I don't store them. I just find out such pattern, note down levels and forget about it. It's time consuming to search them again. what's more, as time passes, these patterns become hard to find as chart gets compressed. |
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