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Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #376  Posted: Tue Dec 23, 2014 7:38 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 (24/12/14) and beyond
Supports are at about 8257, 8237, 8224, 8200 and 8171 while resistances are at about 8299, 8339, 8350, 8380 and 8407. A previous unfilled gap on lower side is at about 8225. Three +WWs can give about 8395 (once above 8285), 8410 (once above 8312) and 8510. (+WWs with higher targets are not mentioned as of now). A -WW can give about 8197 (if below 8277) (-WWs with lower targets are not mentioned as of now). Two IHnS can give about 8420/8620 once above 8280/8400.
Nifty fell sharply as a result of bearish div posted yesterday but managed to close above 8250 and suddenly appears nervous. However, a mild bullish div has now appeared and gets nullified only below 8228NS/8237NF. Otherwise we may see a reversal on Wednesday. Nifty now has to close above 8377 and then 8455 to continue the upmove. A close below 8200 can be bad. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, expect volatility and hence trade carefully. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #377 Posted: Wed Dec 24, 2014 10:48 am Post subject: |
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| bought 8250 CE, tgt 47 first... lets see, SL 8235 NF... till 1 pm |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #378 Posted: Wed Dec 24, 2014 10:50 am Post subject: |
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| vinay28 wrote: | This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Wednesday (24/12/14) and beyond
Supports are at about 8257, 8237, 8224, 8200 and 8171 while resistances are at about 8299, 8339, 8350, 8380 and 8407. A previous unfilled gap on lower side is at about 8225. Three +WWs can give about 8395 (once above 8285), 8410 (once above 8312) and 8510. (+WWs with higher targets are not mentioned as of now). A -WW can give about 8197 (if below 8277) (-WWs with lower targets are not mentioned as of now). Two IHnS can give about 8420/8620 once above 8280/8400.
Nifty fell sharply as a result of bearish div posted yesterday but managed to close above 8250 and suddenly appears nervous. However, a mild bullish div has now appeared and gets nullified only below 8228NS/8237NF. Otherwise we may see a reversal on Wednesday. Nifty now has to close above 8377 and then 8455 to continue the upmove. A close below 8200 can be bad. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, expect volatility and hence trade carefully. |
Good time to buy 8300 CE?? I got stopped in 8400 CE yesterday!!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #379 Posted: Wed Dec 24, 2014 10:54 am Post subject: |
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I have bought NU. We may see action from noon perhaps.
note 8228/8237 ns/nf |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #380 Posted: Wed Dec 24, 2014 11:13 am Post subject: |
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| vinay28 wrote: | I have bought NU. We may see action from noon perhaps.
note 8228/8237 ns/nf |
A 128% change in OI in 8300 CE!!
Vinay leading the charge!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #381 Posted: Wed Dec 24, 2014 11:16 am Post subject: |
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| NU2013 wrote: | | vinay28 wrote: | I have bought NU. We may see action from noon perhaps.
note 8228/8237 ns/nf |
A 128% change in OI in 8300 CE!!
Vinay leading the charge!! |
haha, actually it fell a lot and so must have been written.
I am worried now that expiry may not be 8380 since (a) 8300ce went below 5 and (b) 8377 was already reached 2 days earlier. Hopefully, 8320-40 at least. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #382 Posted: Wed Dec 24, 2014 11:18 am Post subject: |
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| riteshucha wrote: | | bought 8250 CE, tgt 47 first... lets see, SL 8235 NF... till 1 pm |
I suggest keep it 8225 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #383 Posted: Wed Dec 24, 2014 11:36 am Post subject: |
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okie...
| vinay28 wrote: | | riteshucha wrote: | | bought 8250 CE, tgt 47 first... lets see, SL 8235 NF... till 1 pm |
I suggest keep it 8225 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #384 Posted: Wed Dec 24, 2014 11:57 am Post subject: |
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today being expiry even 8225 may be hit.
I will follow my yesterday's level of 8230 with 30tf or 8250 with 60tf. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #385 Posted: Wed Dec 24, 2014 12:08 pm Post subject: |
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| vinay28 wrote: | today being expiry even 8225 may be hit.
I will follow my yesterday's level of 8230 with 30tf or 8250 with 60tf. |
Ordinance for Ins FDI too doesn't help, eh?? |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #386 Posted: Wed Dec 24, 2014 12:10 pm Post subject: |
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so far so good... lets see if 8300 is touched...
all bets off if it breaks NF 8216,
till then a bit reversal till 8270, crossing 8277 again will see 8300 touched....IMHO
| riteshucha wrote: | OI on 8250 PE almost 50% more than 8250 CE, means expiry doesnt seem to be below 8250 ... unless we have a gap down, then we could see max low 8220 / 8230...
only crossing 8305/8310 would give hope of upside and then if 8329 is taken out, then i m hoping that whatever amount we fell today would be recovered + some more....
else a stalemate anywhere between 8250 to 8300 expiry...
pls give your inputs to know if i m reading it correctly... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #387 Posted: Wed Dec 24, 2014 12:12 pm Post subject: |
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| NU2013 wrote: | | vinay28 wrote: | today being expiry even 8225 may be hit.
I will follow my yesterday's level of 8230 with 30tf or 8250 with 60tf. |
Ordinance for Ins FDI too doesn't help, eh?? |
ordinance is not good enough NU as it has life of only 6 months. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #388 Posted: Wed Dec 24, 2014 1:32 pm Post subject: |
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| vinay28 wrote: | today being expiry even 8225 may be hit.
I will follow my yesterday's level of 8230 with 30tf or 8250 with 60tf. |
thankfully 30tf hasn't closed below 8230 ...... yet |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #389 Posted: Wed Dec 24, 2014 1:33 pm Post subject: |
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| over 8244 , might see some rise . imo |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #390 Posted: Wed Dec 24, 2014 1:43 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | today being expiry even 8225 may be hit.
I will follow my yesterday's level of 8230 with 30tf or 8250 with 60tf. |
thankfully 30tf hasn't closed below 8230 ...... yet |
it did. so now 2pm candle must close above 8340.50 otherwise even 8287 becomes resistance. |
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