iCharts Discussions

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

hi vinay and reema,

Whats this mock trading session and can we trade tomorrow?
If so can you kindly mention the timings as well?

Thanks,
Ravi Shankar

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

If NS breaks down much more, likely support seems to be between 8456-8346 zone.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Saturday, 06 Dec '14 mock trading H/L of some indices and stocks AS OF 11.23 AM

NS - 8903 / 8558
NF - 8960 / 8380
BN - 19866 / 18593
AXIS BANK - 548 / 415
HDFC BANK - 1035 / 935
ICICI BANK - 395 / 325
SBIN - 349 / 300
INFY - 2277 / 2071
ADANI - 500 / 415
RIL - 1053 / 950

ravi_shankar_999 · White Belt Joined: 15 Jul 2013 Posts: 24

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (08/12/14)

Supports are at about 8512, 8505, 8498, 8485, 8472, 8447 and 8380 while resistances are at about 8545/51, 8577, 8615, 8707 and 8733. An unfilled gap on lower side is at about 8494. Two +WWs can give about 8677 (if above 8455) and 8704 (if above 8519) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8482 (if below 8555), 8452 (if below 8594) and 8441 (once below 8506) (-WWs with much lower targets are not mentioned as of now). Two HnS can give about 8500/8460 if nifty remains below 8557/8543.

Nifty fell sharply and closed below 8550. The -ve div persists and further fall is likely. However, a close below 8463/25 seems unlikely but if it does then it may invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. Liquidity continues to be strong.

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

expiry gap filled...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Sold my puts and went long.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

Vinay,

closing below 8463 is weak, but why you went long, do u expect any recovery today......

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

feel u might have hurried a bit in going long... expecting 8390 / 8400 NS tomm or 8440/50 NF approx...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

No need to elaborate.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (09/12/14)

Supports are at about 8425, 8398, 8380 and 8358 while resistances are at about 8473/87/99, 8513, 8557, 8587 and 8609. Four +WWs can give about 8550 (if above 8425), 8558 (once above 8494), 8588 (once above 8525) and 8629 (if above 8359, which is yet to be reached) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8350 (-WWs with much lower targets are not mentioned as of now).

Nifty fell sharply on 8/12 as predicted and closed below 8450 and is bearish. Though daily candle is a big, bearish Marubuzo, there is a +ve div on lower TFs and we may see a bounce. Also, it took support from weekly S2 level though monthly S1 level is 8380. Nifty is now in a "sell on rise" state unless it closes above 8538 to begin with. Global and local eco-political events can have a bearing on how nifty moves in short term. Liquidity continues to be strong.