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Nifty View - August Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #196  Posted: Fri Aug 15, 2014 12:45 pm Post subject: |
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Nifty for Monday (18/08/14)
Supports are at about 7768, 7742, 7718, 7682, 7644 and 7575 while resistances are at about 7811 and 7880. The 10/20 dma are at about 7680/7712 resp. Three +WWs can give about 7813, 7835 and 7859 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7676 (once below 7758) and 7651 (once below 7750) (-WWs with much lower targets are not mentioned as of now). A bullish flag can give about 7895 unless killed below 7730. An IHnS can give about 8030-8200 in case of a BO above about 7888.
Nifty rose in spite of a gap up open but closed just below 7800 and made an all time high weekly close. However, the -ve div on daily still persists and can cause a reaction if nifty doesn't sustain above 7791. Only if RSI goes above 67.25 as nifty goes above 7841, market will move up further. A close below 7746 can cause further fall. Liquidity is strong and one needs to be careful. We can also see wild intraday swings as nifty approaches all time high. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #198 Posted: Sun Aug 17, 2014 5:44 pm Post subject: |
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| pak political situation is turning a little desperate, may affect our market movement, be watchful. |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #199 Posted: Mon Aug 18, 2014 10:17 am Post subject: |
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| apka wrote: | | pak political situation is turning a little desperate, may affect our market movement, be watchful. |
Paki political situ is always desperate. And no matter who "rules", it is really the Paki armed forces who call the shots. And the scum at the top of the army heap is the ISI!
We should be alert for a show of strength from Paki khatmals to discredit NM and BJP new government!
And this new Govt is also (like UPA) negotiating for a round of "talks" and a possible cricket tour. Hai Raam!
My guesses: (a) raid like Bombay VT/ Taj Mahal Hotel, (b) Bomb in crowded market, (c) bomb in reputed inst of learning like IISc, (d) ?
This "dur-ghatana" will also be used by FIIs/ chors to take Nifty down and later, up, 500 pts
(In addition, I am waiting for Paki's chamchas in Bangladesh to abduct 5 BSF, horribly torture them and return the bodies with a routine apology)
French people have a saying: The more things change, the more they remain the same" |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #200 Posted: Mon Aug 18, 2014 11:44 am Post subject: |
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| can anyone pl post all time NF high? |
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a1b1trader
Yellow Belt
Joined: 13 Jul 2014
Posts: 691
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| Post: #201 Posted: Mon Aug 18, 2014 11:46 am Post subject: |
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| 7839 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #202 Posted: Mon Aug 18, 2014 11:57 am Post subject: |
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thanks. wow, so it's already crossed but not NS. I was thinking it was 7856 or so. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #203 Posted: Mon Aug 18, 2014 12:42 pm Post subject: |
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| 40-50 points spike downside first to shake out weak longers? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #204 Posted: Mon Aug 18, 2014 12:48 pm Post subject: |
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| apka wrote: | | 40-50 points spike downside first to shake out weak longers? |
\
may be. intraday SL for longs is 7770NF so may be. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #205 Posted: Mon Aug 18, 2014 1:41 pm Post subject: |
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| extra 8000ce bought at 7.30 in the morning sold. |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #206 Posted: Mon Aug 18, 2014 1:54 pm Post subject: |
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| ragwendra wrote: | | 70+ points up move on monday.....be ready |
perfect.......hope u all made money too  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #207 Posted: Mon Aug 18, 2014 2:08 pm Post subject: |
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| sold all 7800ce as NF already 100 above today's low. Still holding 8000ce, 3600ce of infy and 1020ce of ril. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #208 Posted: Mon Aug 18, 2014 3:36 pm Post subject: |
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hardly any volume for a 100 point range ..secondly range bigger than that of fridays but volume is less compared to fridays )...
very very weird statistics... what can u make of it vinay? |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #209 Posted: Mon Aug 18, 2014 4:04 pm Post subject: |
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| vinay28 wrote: | | sold all 7800ce as NF already 100 above today's low. Still holding 8000ce, 3600ce of infy and 1020ce of ril. |
index will be resting on Tuesday so think today's loosers will move (infy,itc ) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #210 Posted: Mon Aug 18, 2014 7:12 pm Post subject: |
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| riteshucha wrote: | hardly any volume for a 100 point range ..secondly range bigger than that of fridays but volume is less compared to fridays )...
very very weird statistics... what can u make of it vinay? |
I saw that apka but I am not yet concerned. tmrw +vely remind me to track (intraday) daily chart vis-à-vis rsi after 12 noon if nifty goes up till then, which I feel it may. This is because rsi didn't cross 67.25 even though nifty went above 7840, as posted in "nifty for Monday" post. |
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