iCharts Discussions

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Vinay: NF pattern till 1400 similar to y'day but no 70-75 pts collapse like y'day (so far). What are big operators waiting for? FIIs to enter?
Moi, playing it safe in cash scrips but even there no fun with daily mark downs due to NF going into bear mode after 1330/1400!
Prakash Holla

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (24/12/15) and beyond

Supports are at about 7852, 7835, 7828, 7800, 7750, 7725 and 7710 while resistances are at about 7886, 7903, 7925, 7952 and 8026. Unfilled gaps on higher/ lower sides are at about 7932/7786. 50 dma is at about 7935. Two +WWs can give about 7960 (if above 7817) and 7999 (if above 7867) (+WWs with higher targets are not mentioned as of now). Two -WW can give about 7753 (if below 7840) and 7713 (if below 7866) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7385 if nifty sustains below 7730. A bullish flag can give higher levels unless killed below 7715.

Nifty rose in spite of a gap up open and closed not only above 7857 but also above gap created on 3/12. Daily candle is a Marubuzo with a strong +ve volume. Wednesday was also a NR16 and we may see a big move on Thursday. A close above 7955 can start a new rally while a close below 7761 can start a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

Vinay,

July 11-23 period high/low was 8655/8355.....nifty has not crossed 8355 after it broke the low of 8355 with gap down on Aug21.

will the down trend continue till Jan-Feb 2016.....

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (28/12/15) and beyond

Supports are at about 7850, 7832, 7806, 7747, 7725 and 7711 while resistances are at about 7877, 7891, 7906, 7925 and 8027. Unfilled gaps on higher/ lower sides are at about 7932/7786. 50 dma is at about 7928. Three +WWs can give about 7964 (if above 7803), 7987 and 8007 (if above 7867) (+WWs with higher targets are not mentioned as of now). Two -WW can give about 7830 (if below 7898, which is yet to be reached) and 7687 (if below 7867) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7385 if nifty sustains below 7730. A bullish flag can give higher levels unless killed below 7715.

Nifty fell after a gap up open and closed -ve but again above 7857. There is a mild -ve div and we may see some reaction. Also, there is a mild bearish div which gets killed only above 7980. However, weekly candle is good and hence the fall may not be much. A close above 7955 can start a new rally while a close below 7761 can start a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

chandrujimrc · Brown Belt Joined: 21 Apr 2009 Posts: 1683

Nifty has given more than 300 points in the upside after my alert msg posted on 9/12/2015.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (29/12/15) and beyond

Supports are at about 7905, 7877, 7831/25, 7816 and 7764 while resistances are at about 7957, 7967, 7986 and 8089. Unfilled gaps on higher/ lower sides are at about 8041/7861. 50 dma is at about 7924. Three +WWs can give about 7965, 7988 and 8008 (+WWs with higher targets are not mentioned as of now). Two -WW can give about 7899 (if below 7933) and 7838 (if below 7907) (-WWs with lower targets are not mentioned as of now).

Nifty rose after a gap up open and closed above 7900 and just above 50 dma. However, there is a mild bearish div which gets killed only above 7980 to begin with. However, weekly candle was good and hence the fall may not be much. A close above 7955 may start a new rally while a close below 7861 can start a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated levels of NF as of 28/12.

NU2013 · White Belt Joined: 18 Jul 2013 Posts: 104

Had it not been for the non-sense played out in RS, we would have had 8200!!

8200 na sahi.... 8000 toh de!! Laughing

NU2013 · White Belt Joined: 18 Jul 2013 Posts: 104

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (30/12/15) and beyond

Supports are at about 7919/10/04/00, 7882, 7834, 7810 and 7764 while resistances are at about 7938/42/49, 7969/87 and 8091. Unfilled gaps on higher/ lower sides are at about 8041/7861. 50/100 dma are at about 7920/8000 resp. Six +WWs can give about 7968 and 8017/40/52/61/85 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7897 (if below 7935), 7839 (if below 7904) and 7672 (if below 7876) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 7815/7740 in case of a break down below 7915.

Nifty remained flat after a gap up open and closed above 7900 and again just above 50 dma. Daily candle is a doji but with good +ve volume and money flow. However, there is a mild bearish div which gets killed only at/above 7980 to begin with. However, weekly candle was good and hence the fall may not be much. A close above 7955 may start a new rally while a close below 7861 can start a fall again. Tuesday was a NR19 day and we may see a big move on Wednesday. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 29/12.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (31/12/15) and beyond

Supports are at about 7852/43, 7825, 7806, 7773/64 and 7736 while resistances are at about 7913/25/34/45, 7968/86 and 8070/81. Unfilled gaps on higher/ lower sides are at about 8041/7861. 50/100 dma are at about 7915/7992 resp. Four +WWs can give about 7965 and 8024/40/60 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7838 (if below 7908) and 7760 (if below 7876) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 7815/7740 in case nifty sustains below 7915.

Nifty fell after a gap up open and closed below 7900 and also below 50 dma. There is a mild -ve div and the mild bearish div continues but which gets killed only at/above 7980 to begin with. However, weekly candle was good and hence the fall may not be much. A close above 7955 may start a new rally while a close below 7861 can start a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry day.