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Nifty View - December '14 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #91  Posted: Thu Dec 04, 2014 10:26 am Post subject: |
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| saurabhkurichh wrote: | | apka wrote: | | eh, 90 point fall from high was unexpected |
yes the fall was sharp but also without volume |
about 33 lac fut till 10.25 |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #92 Posted: Thu Dec 04, 2014 10:29 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | eh, 90 point fall from high was unexpected |
I am buying with tight SL 8522 NS otherwise 8508 |
not only it opened above 8561 which was very important, it also made an all time new high. I CAN'T short this market. Only thing is if 8522/08 breaks or if close <8588, we will have to tolerate 100 or so drop before next rally. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #93 Posted: Thu Dec 04, 2014 1:11 pm Post subject: |
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| Chinese markets are on a blast !!! |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #94 Posted: Thu Dec 04, 2014 2:35 pm Post subject: |
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| asis is overll up and europe is flatish. depends on Dow now |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #95 Posted: Thu Dec 04, 2014 2:47 pm Post subject: |
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| remember close above 8588.25 is a must otherwise get out of your longs. if touch and go around 3.30, best to get out and check later for tmrw's trade. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #96 Posted: Thu Dec 04, 2014 3:00 pm Post subject: |
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| vinay why so peculiar about that number? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #97 Posted: Thu Dec 04, 2014 3:05 pm Post subject: |
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| apka wrote: | | vinay why so peculiar about that number? |
close on 28/11. closing at a new high important otherwise we may see 100 below (i.e. 8470-50) in next 1-2 days and then up. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #98 Posted: Thu Dec 04, 2014 5:10 pm Post subject: |
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| NS did not close above 8589 (all time high close in spite of all time intraday high) on 4/12 thereby breaking the trend in immediate short term and hence it appears that some downside is now opened up along with choppy movements in next 2 days. Likely level, probably on 8/12 since Jupiter goes retrograde, is given in the chart i.e. about 8480. This is neither a recommendation nor a tip nor an advice for any trade. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #99 Posted: Thu Dec 04, 2014 7:42 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 Friday (05/12/14)
Supports are at about 8544, 8518, 8498 and 8472 while resistances are at about 8573, 8619, 8661, 8674, 8707 and 8733. An unfilled gap on lower side is at about 8494. Two +WWs can give about 8655 (if above 8484) and 8676 (if above 8553) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8516/8371 (once below 8555) and 8466 (once below 8547) (-WWs with much lower targets are not mentioned as of now). Two HnS can give about 8480/50 in case of a break below 8541/8530.
Nifty fell after making a new all time high and closed -ve but above 8550. Daily candle is a doji again indicating uncertainty. The -ve div persists. Nifty must close above 8572 to give a hanging man on weekly chart. 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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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #100 Posted: Fri Dec 05, 2014 12:49 pm Post subject: |
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| Vinay spot high 8588.35 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #101 Posted: Fri Dec 05, 2014 12:53 pm Post subject: |
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| riteshucha wrote: | | Vinay spot high 8588.35 |
yes ritesh. a close above 8572 will ensure that weekly trend is intact, no matter what happens on Monday. for today I don't think NS will break 8546/34. we will then get an inside bar or a doji. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #102 Posted: Fri Dec 05, 2014 1:15 pm Post subject: |
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btw NF broke the 30 min candle low...
| vinay28 wrote: | | riteshucha wrote: | | Vinay spot high 8588.35 |
yes ritesh. a close above 8572 will ensure that weekly trend is intact, no matter what happens on Monday. for today I don't think NS will break 8546/34. we will then get an inside bar or a doji. |
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reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
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| Post: #103 Posted: Fri Dec 05, 2014 1:46 pm Post subject: |
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Hello Vinay,
Just a reminder: Tomorrow is mock trading session. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #104 Posted: Fri Dec 05, 2014 2:09 pm Post subject: |
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| reemajainiaf wrote: | Hello Vinay,
Just a reminder: Tomorrow is mock trading session. |
tks a lot reema for the reminder. I think it will start at 11. pl do note lower levels of NF, BNF and few major scrips just in case I can't log on. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #105 Posted: Fri Dec 05, 2014 2:12 pm Post subject: |
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This was posted on 31/08.
".....according to an observation made based on astronomy (based on sun's transit and NOT astrology) ), high/low of period 13/7 to 26/7 each year is vital. Break out/down in any direction gives good gains till 14/1 of next year i.e. 14/01/15 (12-90% gain seen in previous 10 years). Gains are high on second break out/down if first break down/out is false. Since high/low in this period were about 7841/7422, if we take just 10%, high/low of nifty till 14/01/15 can be 8625/6680 but, in reality, can be much more or less. Note that break out above 7841 has already happened."
high of 4/12 was 8626.95.  |
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