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Nifty View - December '14 Series |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #271  Posted: Tue Dec 16, 2014 3:03 pm Post subject: |
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| we are going further down town. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #272 Posted: Tue Dec 16, 2014 3:03 pm Post subject: |
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none taken..
| vinay28 wrote: | no offence ritesh. j/k
NF should close above at least 8165. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #273 Posted: Tue Dec 16, 2014 3:06 pm Post subject: |
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| NF is 140 below and 9000ce for jan is above early morning price. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #274 Posted: Tue Dec 16, 2014 3:10 pm Post subject: |
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| vinay28 wrote: | | NF is 140 below and 9000ce for jan is above early morning price. |
lol, that's crazy. even the future premium is still holding near 45-50 with just 6 sessions more to go. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #275 Posted: Tue Dec 16, 2014 3:17 pm Post subject: |
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what levels are u looking at vinay, apka and ritesh ..
at least a bounce is expected ? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #276 Posted: Tue Dec 16, 2014 3:23 pm Post subject: |
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| saurabhkurichh wrote: | what levels are u looking at vinay, apka and ritesh ..
at least a bounce is expected ? |
saurabh, as of now, 8350 looks possible for expiry but I am keeping fingers crossed for a reversal like in july, august and oct. hence "dreaming" of 8600 and then 8888 for 31/12 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #277 Posted: Tue Dec 16, 2014 3:25 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | NF is 140 below and 9000ce for jan is above early morning price. |
lol, that's crazy. even the future premium is still holding near 45-50 with just 6 sessions more to go. |
apka, that makes carry forward costly. Jan premium is 115 |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #278 Posted: Tue Dec 16, 2014 3:35 pm Post subject: |
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| 8350 .... to be frank it did brought a smile on my face |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #279 Posted: Tue Dec 16, 2014 3:45 pm Post subject: |
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| saurabhkurichh wrote: | | 8350 .... to be frank it did brought a smile on my face |
if I may ask "why"? you can laugh also. 
I had posted this few days ago in another forum but not sure whether I posted it here.
"Historically, I have found that if nifty falls 11% (7678) or more, it will retrace 38-50% of the fall before another 10-11% fall. As of now I have 8151-8174 in mind. Other lower levels are about 8050 and 7992/8002." |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #280 Posted: Tue Dec 16, 2014 3:54 pm Post subject: |
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"just an opinion and not a tip, recommendation or call.. pls do your own analysis "
8380 also happens to be the wolf tgt of welgro from a chart posted a couple of days back if i am not wrong... not sure it will come in these 6 days...
although a 100/150 points bounce cannot be ruled out... from last 7 days, NF is not even coming in the range of 25/30 points of previous days high, forget abt crossing it... on the contrary its been breaking lows everyday...
so tomm if NF doesnt cross todays high and sustains above it for 15 mins, i will add jan puts slowly (i know a i m a bit late, but its better late than never)...
having said that, NF looks higly oversold and i m still holding 2 lots long from 8385 and have added today at 8117 & 8103.. hoping to get 100 /150 points bounce...
again if it opens gap down tomm, i will exit on breaking the 9.30 am low...
fingers crossed... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #281 Posted: Tue Dec 16, 2014 4:13 pm Post subject: |
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| gap at 8027.60 and a close below 8033 is crucial. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #282 Posted: Tue Dec 16, 2014 4:22 pm Post subject: |
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| Importance of this line is obvious. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #283 Posted: Tue Dec 16, 2014 5:21 pm Post subject: |
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| vinay28 wrote: | | A mere matter of time? perhaps just 1-2 days? |
chart posted on 11th evening is updated. This has happened on daily/weekly/monthly |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #284 Posted: Tue Dec 16, 2014 7:43 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 (17/12/14) and beyond
Supports are at about 8017, 7998 and 7966 while resistances are at about 8112, 8172, 8243 and 8329. A previous unfilled gap on lower side is at about 8027. Five +WWs can give about 8110 (if above 8040), 8160 (once above 7867), 8240 (once above 8140), 8358 (once above 8175) and 8580 (if above 8060) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7867 (if below 8174) (-WWs with much lower targets are not mentioned as of now).
Nifty fell sharply in spite of a big gap down open and managed to close above a crucial level of 8050 and it continues to be bearish. However, there is bullish div on daily/weekly/monthly charts and a sharp reversal is imminent any moment. Nifty is still in a "sell on rise" mode unless it closes above 8431 first and then above 8538. A close below 8030 can cause more pain. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #285 Posted: Wed Dec 17, 2014 1:03 am Post subject: |
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Dear friends,
Nifty nearing 100 Ema and also entering into Rsi 28 -30 zone so any time there is a chance for 300 point rally,if it fails to do so wait for double bottom with + divrg. |
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