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Nifty View - December '14 Series |
vinay28
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Joined: 24 Dec 2010
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Post: #76  Posted: Wed Dec 03, 2014 7:07 pm Post subject: |
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| apka wrote: | | Online news sites are showing it was in Ukraine and their PM has said its nothing serious. |
I know and hope so. Can't trust their govt/media. and then there is also massive volcanic eruption in japan. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #77 Posted: Wed Dec 03, 2014 7:14 pm Post subject: |
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| apka wrote: | | Online news sites are showing it was in Ukraine and their PM has said its nothing serious. |
Apka: Soviets kept on saying in 1986 also that it was nothing serious in Chernobyl (also in Ukraine!), until they surrounded the entire town of Pripyat and surrounding area with troops and arranged a total news and telecom blackout. God knows how many people died and how many suffered radiation sickness? Even now it isnt safe to enter the town.
Same with the tsunami damaged Japanese reactor which is still leaking dangerous isotopes into the ground water and ocean. Another "Chernobyl" in the making!
I dont blame the people of TN for objecting to the Russian atomic reactor set up in their backyard! Prakash Holla |
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vinay28
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| Post: #78 Posted: Wed Dec 03, 2014 7:58 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice.
Nifty for Thursday (04/12/14)
Supports are at about 8530, 8512, 8492 and 8472 while resistances are at about 8545, 8554, 8570, 8661, 8707 and 8733. An unfilled gap on lower side is at about 8494. Three +WWs can give about 8594 (if above 8495), 8639 (if above 8511) and 8656 (once above 8552) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8460 (once below 8513) and 8389 (if below 8552) (-WWs with much lower targets are not mentioned as of now).
Nifty closed flat but +ve and below 8550. Daily candle is a doji again. Also, it was a NR7 day and we may see a big move on Thursday. Nifty must cross above 8561 on Thursday otherwise further fall is possible. A close above 8589 may mean more upside while a close below 8477 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. |
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apka
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Joined: 13 Dec 2011
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| Post: #79 Posted: Wed Dec 03, 2014 8:12 pm Post subject: |
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| Nasdaq is getting close to the level where the bubble burst 15 years ago |
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vinay28
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Joined: 24 Dec 2010
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| Post: #80 Posted: Wed Dec 03, 2014 8:17 pm Post subject: |
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| apka wrote: | | Nasdaq is getting close to the level where the bubble burst 15 years ago |
apka, I will sue you for trying to spread panic.  |
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apka
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| Post: #81 Posted: Wed Dec 03, 2014 8:33 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | Nasdaq is getting close to the level where the bubble burst 15 years ago |
apka, I will sue you for trying to spread panic. |
 News channels will start focusing on it soon. |
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vinay28
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| Post: #82 Posted: Wed Dec 03, 2014 8:49 pm Post subject: |
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| 60 tf chart |
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apka
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| Post: #83 Posted: Wed Dec 03, 2014 8:53 pm Post subject: |
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| If you check the 30tf chart.. It looks similar. Add 100 EMA to it.. Nifty candles have been closing above them marking bottom and then giving a rise. First rise was 75 points above new top.. Then made bottom and rise of 100 points above top. So if it rises now continuing the pattern then we should 8750 in 2-3 days. |
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vinay28
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| Post: #84 Posted: Wed Dec 03, 2014 9:10 pm Post subject: |
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| apka wrote: | | If you check the 30tf chart.. It looks similar. Add 100 EMA to it.. Nifty candles have been closing above them marking bottom and then giving a rise. First rise was 75 points above new top.. Then made bottom and rise of 100 points above top. So if it rises now continuing the pattern then we should 8750 in 2-3 days. |
ya, even 60tf. oct-nov rise is eerily similar to feb-apr rise.
actually, some people simply buy/sell for close above/below 100 ema on 60tf, while some also use 15 ema cross over as confirmation. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #85 Posted: Wed Dec 03, 2014 9:16 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | If you check the 30tf chart.. It looks similar. Add 100 EMA to it.. Nifty candles have been closing above them marking bottom and then giving a rise. First rise was 75 points above new top.. Then made bottom and rise of 100 points above top. So if it rises now continuing the pattern then we should 8750 in 2-3 days. |
ya, even 60tf. oct-nov rise is eerily similar to feb-apr rise.
actually, some people simply buy/sell for close above/below 100 ema on 60tf, while some also use 15 ema cross over as confirmation. |
BTW, if feb-apr rise is repeated, we get about 8879 a bit before or by 28/12. |
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vinay28
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| Post: #86 Posted: Thu Dec 04, 2014 9:16 am Post subject: |
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| Opening above 8561. First hurdle passed. |
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apka
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| Post: #87 Posted: Thu Dec 04, 2014 9:34 am Post subject: |
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| new nifty spot high 8627... and bank nifty reaches 18800 spot... if it crosses 18900... there is no telling where it may stop as target extends to 20000 plus. |
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apka
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| Post: #88 Posted: Thu Dec 04, 2014 10:05 am Post subject: |
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| eh, 90 point fall from high was unexpected |
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vinay28
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Joined: 24 Dec 2010
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| Post: #89 Posted: Thu Dec 04, 2014 10:09 am Post subject: |
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| apka wrote: | | eh, 90 point fall from high was unexpected |
I am buying with tight SL 8522 NS otherwise 8508 |
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saurabhkurichh
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Joined: 30 Oct 2006
Posts: 127
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| Post: #90 Posted: Thu Dec 04, 2014 10:21 am Post subject: |
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| apka wrote: | | eh, 90 point fall from high was unexpected |
yes the fall was sharp but also without volume |
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