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Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #136  Posted: Tue Dec 09, 2014 7:39 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Wednesday (10/12/14)
Supports are at about 8312 and 8280 while resistances are at about 8374, 8431, 8479 and 8496. A previous low was about 8290. A +WW can give about 8650 (if above 8345) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8287 (-WWs with much lower targets are not mentioned as of now). A bearish flag can give much lower level unless killed above about 8485. A falling wedge can give about 8500 if nifty sustains above 8345.
Nifty fell sharply again and closed below 8350 and is distinctly bearish. Though daily candle is again a big, bearish Marubuzo, bullish div seems to be developing and one needs to protect one's short position. Nifty is now in a "sell on rise" state unless it closes above 8445 on Wednesday and confirmed by a close above 8538 later. Global and local eco-political events can have a bearing on how nifty moves in short term. Liquidity continues to be strong. |
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NFTrader
White Belt
Joined: 28 Nov 2014
Posts: 35
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| Post: #137 Posted: Tue Dec 09, 2014 11:29 pm Post subject: |
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I do not understand your analysis
You are a bearish bull or bullish bear  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #138 Posted: Wed Dec 10, 2014 8:14 am Post subject: |
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| NFTrader wrote: | I do not understand your analysis
You are a bearish bull or bullish bear |
I don't know since I don't categorise myself like that. As an investor, I am always a bull. My daily posts are for possibilities on either side if certain levels are broken. No one can tell where market will go, where it will stop, etc. Some times I try to post possibilities on a longer scale i.e. for the month or so.
And if I am confusing, good for you. That will force you to do your own study rather than only depend on spoon feeding.  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #139 Posted: Wed Dec 10, 2014 8:18 am Post subject: |
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And mostly, not everyone can understand everything. So don't beat yourself up about it.  |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #140 Posted: Wed Dec 10, 2014 9:15 am Post subject: |
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| apka wrote: | | And mostly, not everyone can understand everything. So don't beat yourself up about it. |
Vinay: How about? Not many can understand much of anything? Even if spoon fed?
Clarification: I am one of this lot!
Prakash Holla |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #141 Posted: Wed Dec 10, 2014 9:17 am Post subject: |
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Vinay,
VIX down 5%!!
What do you make of the 8600 CE?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #142 Posted: Wed Dec 10, 2014 9:40 am Post subject: |
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| pkholla wrote: | | apka wrote: | | And mostly, not everyone can understand everything. So don't beat yourself up about it. |
Vinay: How about? Not many can understand much of anything? Even if spoon fed?
Clarification: I am one of this lot!
Prakash Holla |
Prakash, I suspect apka's post is for me only, naughty that he is. 
yes, sometimes I too don't understand what I am writing. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #143 Posted: Wed Dec 10, 2014 9:46 am Post subject: |
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| NU2013 wrote: | | Vinay, VIX down 5%!! What do you make of the 8600 CE?? |
my dear, I added to my 8700ce on open today. If I am right about my feeling about nifty for dec then your 8600ce is definitely safe. Note SL of daily close below about 8368NF/8315NS.
Remember, we need to see NS/NF closing preferably above 8445/8478 today.
Today's intraday target seems to be 8432NF, SL 8343.
However, I am hoping for H-L > at least 90 if not 130 for today.
AND, I feel, barring another 20-30 fall today, if at all, it's up and up for dec. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #144 Posted: Wed Dec 10, 2014 9:54 am Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | | Vinay, VIX down 5%!! What do you make of the 8600 CE?? |
my dear, I added to my 8700ce on open today. If I am right about my feeling about nifty for dec then your 8600ce is definitely safe. Note SL of daily close below about 8368NF/8315NS.
Remember, we need to see NS/NF closing preferably above 8445/8478 today.
Today's intraday target seems to be 8432NF, SL 8343.
However, I am hoping for H-L > at least 90 if not 130 for today.
AND, I feel, barring another 20-30 fall today, if at all, it's up and up for dec. |
Thanks Vinay,
I sold my 8500 PE today @ 148, bought for 54 on Monday, and have bought 8600 CE's today!!
Looking for 100+ gains again!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #145 Posted: Wed Dec 10, 2014 9:59 am Post subject: |
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| NU2013 wrote: | Thanks Vinay,
I sold my 8500 PE today @ 148, bought for 54 on Monday, and have bought 8600 CE's today!!
Looking for 100+ gains again!! |
why set a target? if you keep good TSL, you may get 500 also. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #146 Posted: Wed Dec 10, 2014 10:11 am Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | Thanks Vinay,
I sold my 8500 PE today @ 148, bought for 54 on Monday, and have bought 8600 CE's today!!
Looking for 100+ gains again!! |
why set a target? if you keep good TSL, you may get 500 also. |
Ha ha ha ha!!!
Well, 500 in this month ?? don't think that's happening!!
However, i also have some 8600 CE for Jan'15. Maybe, in Jan'15?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #147 Posted: Wed Dec 10, 2014 10:54 am Post subject: |
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| NU2013 wrote: | | ......Well, 500 in this month ?? don't think that's happening!!.... |
one can never be sure about the market, right? 500 points in 11 days looks difficult, correct? but, many times nifty has sharply reversed 300/400 points in 3-4 days. if that happens, will you not change your mind? |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #148 Posted: Wed Dec 10, 2014 11:51 am Post subject: |
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| vinay28 wrote: | | NU2013 wrote: | | ......Well, 500 in this month ?? don't think that's happening!!.... |
one can never be sure about the market, right? 500 points in 11 days looks difficult, correct? but, many times nifty has sharply reversed 300/400 points in 3-4 days. if that happens, will you not change your mind? |
Cetainly!! And treat you to a drink as well!!
Meanwhile, NIFTY has not broken 8320!!  |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #149 Posted: Wed Dec 10, 2014 11:57 am Post subject: |
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| NU2013 wrote: | | vinay28 wrote: | | NU2013 wrote: | | ......Well, 500 in this month ?? don't think that's happening!!.... |
one can never be sure about the market, right? 500 points in 11 days looks difficult, correct? but, many times nifty has sharply reversed 300/400 points in 3-4 days. if that happens, will you not change your mind? |
Cetainly!! And treat you to a drink as well!!
Meanwhile, NIFTY has not broken 8320!! |
No no, Vinay takes tattoos imprinted as a return of thanks. Just ask Ritesh. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #150 Posted: Wed Dec 10, 2014 11:59 am Post subject: |
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| apka wrote: | | NU2013 wrote: | | vinay28 wrote: | | NU2013 wrote: | | ......Well, 500 in this month ?? don't think that's happening!!.... |
one can never be sure about the market, right? 500 points in 11 days looks difficult, correct? but, many times nifty has sharply reversed 300/400 points in 3-4 days. if that happens, will you not change your mind? |
Cetainly!! And treat you to a drink as well!!
Meanwhile, NIFTY has not broken 8320!! |
No no, Vinay takes tattoos imprinted as a return of thanks. Just ask Ritesh. |
apka, different approach for different friends. BTW, tattoo was ritesh's offer. Similarly, NU2013's offer for a drink can not be turned down.
where has ritesh vanished? still short dear? |
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