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Nifty View - August Series |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #226  Posted: Tue Aug 19, 2014 10:16 am Post subject: |
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| If mkt settles below previous close longs be alert. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #227 Posted: Tue Aug 19, 2014 10:52 am Post subject: |
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| chandrujimrc wrote: | | NF in short as per intraday camrilla pivot. |
Never trade basis just one pivot............use different time frames.....7905 NS above bullish.....yes bearish below that...better word to use is "square off longs"....and reenter above 7905 NS [unless looking for 20 pointer which is also a very good method]
7900-7905 is coming by "various" pivot points.... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #228 Posted: Tue Aug 19, 2014 10:56 am Post subject: Re: nifty |
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[quote="dynamite_munda11"] | dynamite_munda11 wrote: | 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
7922/7936/7981/8011/8026/8071
AB=CD too points to 7960/8030
and move from 5933 too may end near 7925/8030 as 1.536/1.618
5th of WW trgts too point too 7925/8026 |
I mentioned when u posted last when market was around 7800 that u shall be right....market hit 7540......now again u are on the dot......only difference is "without TA i have personal emotional feeling that 7991-8030 shall be touched thru one gap up this month..."......
on retrace u used 1.27...i think 1.618 can be one wave projection not sure which wave u counted....just recalling when u posted last of 1.38/1.27 number i had a "feeling" it can extend to 1.618 also??????? i.e above 7892..... |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #229 Posted: Tue Aug 19, 2014 11:49 am Post subject: |
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vinay its almost 12, you had asked yesterday to remind for RSI chart comparison.
last time spot high 7841 something and fut high 7839...
today spot high 7918, fut high 7916.90... wonder if it means anything
one weekly resistence at 7918-20 as per chart and rsi dropping with the weekly rise. at such a confusing point.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #230 Posted: Tue Aug 19, 2014 12:06 pm Post subject: |
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| apka wrote: | vinay its almost 12, you had asked yesterday to remind for RSI chart comparison.
last time spot high 7841 something and fut high 7839...
today spot high 7918, fut high 7916.90... wonder if it means anything
one weekly resistence at 7918-20 as per chart and rsi dropping with the weekly rise. at such a confusing point. |
thanks apka, I had forgotten. No, it doesn't look strong. hardly any move in rsi in spite of a higher high by 38, granted today's range is low. I was thinking (hoping) it will go to 7925/45NS before revisiting about 7755. But, at the same time, bearish reversal sign hasn't come yet. May be tmrw BUT if it remains like this whole day, we will have an evening star. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #231 Posted: Tue Aug 19, 2014 12:49 pm Post subject: Re: nifty |
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[quote="amitagg"] | dynamite_munda11 wrote: | | dynamite_munda11 wrote: | 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
7922/7936/7981/8011/8026/8071
AB=CD too points to 7960/8030
and move from 5933 too may end near 7925/8030 as 1.536/1.618
5th of WW trgts too point too 7925/8026 |
I mentioned when u posted last when market was around 7800 that u shall be right....market hit 7540......now again u are on the dot......only difference is "without TA i have personal emotional feeling that 7991-8030 shall be touched thru one gap up this month..."......
on retrace u used 1.27...i think 1.618 can be one wave projection not sure which wave u counted....just recalling when u posted last of 1.38/1.27 number i had a "feeling" it can extend to 1.618 also??????? i.e above 7892..... |
Amitagg ji
there are many calculations pointing 7925, 1.536*1297=1992+5933=7925, 300*1.27=381+7541=7922, 7921 imp gann resistance and completes 6th cycle from low of 5933 and one pointed by my friend 6357=2253=4104*1.382=5672+2253=7925 |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #232 Posted: Tue Aug 19, 2014 3:19 pm Post subject: |
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today NR4 day....
Last edited by manojkr78 on Tue Aug 19, 2014 11:42 pm; edited 1 time in total |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #233 Posted: Tue Aug 19, 2014 3:21 pm Post subject: |
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Mr Vinay
I think Nifty will make intermittant top around 8125 and start meaninful correction which can take to 7500 - 7125
Get ready for shorting !! 8125 is just 200 points away !!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #234 Posted: Tue Aug 19, 2014 3:25 pm Post subject: |
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| rameshraja wrote: | Mr Vinay
I think Nifty will make intermittant top around 8125 and start meaninful correction which can take to 7500 - 7125
Get ready for shorting !! 8125 is just 200 points away !! |
thanks Mr Raja. but in august or sept? |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #235 Posted: Tue Aug 19, 2014 3:32 pm Post subject: |
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Mr Vinay
Whenever it reaches 8125 .. |
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #236 Posted: Tue Aug 19, 2014 6:51 pm Post subject: |
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| you are talking about future price? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #237 Posted: Tue Aug 19, 2014 8:14 pm Post subject: |
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Nifty for Wednesday (20/08/14)
Supports are at about 7887, 7871, 7849, 7816 and 7759 while resistances are at about 7909, 7925, 7946 and 7994. Lower unfilled gap is at about 7874. A +WW can give about 8018 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7761 (once below 7865) and 7682 (once below 7816) (-WWs with much lower targets are not mentioned as of now). A bullish flag can give higher level unless killed below 7805. An IHnS can give about 8030-8200 in case nifty sustains above about 7880.
Nifty closed flat after making a new all time high but closed just below 7900 though at an all time high and looks very bullish. However, daily candle is an evening doji star, a likely reversal sign. It will be confirmed if nifty closes well below 7874, preferably after a gap down open. Also, the -ve div on daily still persists and RSI has not gone above 67.25. Tuesday was a NR4 day for NS, NR7 day for NF and NR4 day for banknifty and hence we may see big move on Wednesday. The only solace to bulls is that rsi just crossed the upper TL. A close below 7791 by Friday can cause further fall. Liquidity is strong and one needs to be careful. We can also see wild intraday swings as nifty keeps making new highs. |
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rksharma1091
White Belt
Joined: 20 Jan 2009
Posts: 49
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| Post: #238 Posted: Wed Aug 20, 2014 4:15 am Post subject: |
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| Looking for some correction in Nifty today wednesday breaking 7878 thanks@all |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #239 Posted: Wed Aug 20, 2014 6:24 am Post subject: |
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| infy can show 100 points move |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #240 Posted: Wed Aug 20, 2014 7:10 am Post subject: |
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| ragwendra wrote: | | infy can show 100 points move |
pl post under "individual stocks" for any stock. |
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