iCharts Discussions

[vinay28]

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

Nifty for Monday (30/11/15) and beyond

Supports are at about 7920, 7905, 7892, 7883, 7869, 7844, 7823 and 7815 while resistances are at about 7978/85, 8010/22 and 8114. 50 dma is at about 7997. Unfilled gaps on higher/lower sides are at about 8040/7831. Three +WWs can give about 7990, 8013 (if above 7925) and 8148 (if above 7870) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7887 (if below 7956) and 7838 (if below 7944) (-WWs with lower targets are not mentioned as of now).

Nifty rose in spite of a gap up open and closed just below 7950. Weekly candle is strong. The bullish div seems to be working but more buying has to emerge. A close above 7955 may take it up more while a close below 7856 may cause further fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Tuesday (01/12/15) and beyond

Supports are at about 7919, 7902, 7895, 7861, 7840 and 7790 while resistances are at about 7944, 7963, 7977, 7789, 8000, 8032 and 8133. 50 dma is at about 8000. Unfilled gaps on higher/lower sides are at about 8040/7831. Three +WWs can give about 7993, 8014 (if above 7924) and 8134 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7885 (if below 7958) and 7836 (if below 7946) (-WWs with lower targets are not mentioned as of now).

Nifty remained in a very narrow range and closed slightly -ve below 7950. Daily candle is a doji with a huge -ve volume while monthly candle is almost a hammer but does not hint at any major upmove. A close above 7955 may take it up more while a close below 7856/31 may cause further fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Wednesday (02/12/15) and beyond

Supports are at about 7930, 7917, 7902, 7878, 7856, 7847, 7833 and 7790 while resistances are at about 7976/87, 8000, 8055 and 8133. 50 dma is at about 8002. Unfilled gaps on higher/lower sides are at about 8040/7831. Four +WWs can give about 7996, 8015, 8039 and 8158 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7881 (if below 7960) and 7834 (if below 7948) (-WWs with lower targets are not mentioned as of now).

Nifty remained in a very narrow range once again after a gap up open and closed slightly -ve but above 7950. Daily candle is a doji and like a spinning top but with a good +ve volume. A close above 8061 may take it up more while a close below 7856/31 may cause further fall. Tuesday was a NR12 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.

change time after 10.35. Volatile period 12-1.30.

[riteshucha]

BN spot broke inside day low.... longs above 17500 only...
looking for 17170 today in spot....
but as long as BN spot above 17049, positional longs are active...

[riteshucha]

17170 achieved... i can buy now or at 17090/17070 Strict sl 17049 BN spot....

[riteshucha]

re-testing the breakout zone...

[vinay28]

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

Nifty for Friday (04/12/15) and beyond

Supports are at about 7846, 7828, 7815, 7782, 7769, 7755 and 7739 while resistances are at about 7871, 7903, 7925, 7939, 7955, 8008 and 8035. Unfilled gaps on higher/lower sides are at about 7932/7831. Three +WWs can give about 7913 (if above 7869), 7971 (if above 7882) and 8003 (+WWs with higher targets are not mentioned as of now). A -WW can give about 7813 (-WWs with lower targets are not mentioned as of now).

Nifty fell in spite of a gap down open and closed above 7850. A close above 7955 is a must again for an upmove while a close below 7856/31 may cause further fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[BabaSpeaks]

Hi Vinay,

Please chk Have sent u a pm

[vinay28]

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

Nifty for Monday (07/12/15) and beyond

Supports are at about 7762, 7744, 7725 and 7709 while resistances are at about 7796, 7813, 7835, 7860, 7892, 7921 and 7947. Unfilled gaps on higher/lower sides are at about 7865/7731. Three +WWs can give about 7823 (if above 7782), 7917 (if above 7865) and 7982 (if above 7878) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7709 (-WWs with lower targets are not mentioned as of now).

Nifty fell again in spite of a gap down open and closed below 7900 and looks vey bearish. Daily candle is like a morning star, to be confirmed by a green candle, preferably after a gap up open. This may also result in island reversal or an abandoned baby bottom. Weekly candle is bearish engulfing and a strong buying is needed to negate it. Bullish div is getting strong again. A close above 7832/57 is a must again for any upmove while a close below 7731 may result in visit to previous low of about 7500. Global and local eco-political events can have a bearing on how nifty moves in short term.

Change time after 11.45.

[vinay28]

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

Nifty for Tuesday (08/12/15) and beyond

Supports are closely spaced at about 7730/25/18/09 and 7697 while resistances are at about 7773, 7788, 7808, 7827, 7849, 7861, 7884, 7919 and 7939. Unfilled gaps on higher/lower sides are at about 7865/7731. A +WW can give about 7828 (if above 7766) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7700 (-WWs with lower targets are not mentioned as of now).

Nifty fell again in spite of a gap down open and closed -ve but above 7750 and continues to be bearish. Daily candle is an outside bar. Bullish div is getting strong again. A close above 7832/57 is a must again for any upmove while a close below 7731 may result in visit to previous low of about 7500. Global and local eco-political events can have a bearing on how nifty moves in short term.

[riteshucha]

+ve div showing on many TF's...

[vinay28]

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

Nifty for Wednesday (09/12/15) and beyond

Supports are closely spaced at about 7665, 7639/30 and 7517 while resistances are at about 7715, 7735, 7756, 7773, 7808, 7849 and 7890. Unfilled gaps on higher/lower sides are at about 7865/7526. Three +WWs can give about 7773 (if above 7728), 7826 (if above 7754) and 8000+ (if above 7693) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7653 and 7580 (-WWs with lower targets are not mentioned as of now).

Nifty fell again in spite of a gap down open and closed -ve but just above 7700 and seems headed towards previous low of about 7539. Bullish div is getting stronger but no hopes to bulls unless sustained buying resumes. A close above 7832/57 is a must again for any upmove while a close below 7558 can be bad. Global and local eco-political events can have a bearing on how nifty moves in short term.

[chandrujimrc]

Dear Nifty shorters be alert, mkt entered into RSI 30-25 zone with + div.So trade with strict s/l.

[vinay28]

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

Nifty for Thursday (10/12/15) and beyond

Supports are at about 7576, 7563, 7542 and 7517 while resistances are at about 7645, 7678, 7715, 7741, 7783 and 7812. Unfilled gaps on higher/ lower sides are at about 7865/7526. Two +WWs can give about 7760 (if above 7610) and 7783 (if above 7707) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7572 (-WWs with lower targets are not mentioned as of now).

Nifty fell again and closed strongly -ve but just above 7600 and seems headed towards previous low of about 7539. There is a +ve div and we may see some recovery. A close above 7832/57 is a must again for any upmove while a close below 7558 can be bad. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

I feel we shall goto 7300 before seeing a reversal... But I can be wrong.