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Nifty View - December |
psalm
Black Belt
Joined: 12 Nov 2011
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Post: #106  Posted: Tue Dec 04, 2012 12:48 pm Post subject: |
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| taxmann50 wrote: | | rk_a2003 wrote: | | psalm wrote: | | apka wrote: | last 45 mins, buy at 5910, sell at 5915  |
Whenever the market is in a grinding mode...the breakout or breakdown will have huge momentum....so, let's see when its gonna happen...  |
True |
Range broken with new NF high, some positive news out of parliament likely? |
If you look at the Retail stocks, nothing much is happening there either.....just 2 or 3 rupee move..that too here and there... ....by the way, one biggie which has done reasonably well in the last 2 sessions is Reliance. I believe that Reliance has a lot to say about future direction of the market. The stock is trading just below 820 now. It has significant resistance in the range 825-835....especially around 825-828 range. If the stock can break above this range and sustains there, then there is very good chance of the market to give further breakout. However, if Reliance goes down after testing around 825 or 830, then it will be making a "Head & Shoulder pattern" which if completed, will give levels around 650 or even lower levels....So, it'll be good to watch Reliance as well....  |
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SP50
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Joined: 26 Nov 2010
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| Post: #107 Posted: Tue Dec 04, 2012 1:25 pm Post subject: |
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| Looks like some hiccups here, europe looks little weak |
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psalm
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| Post: #108 Posted: Tue Dec 04, 2012 1:29 pm Post subject: |
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| taxmann50 wrote: | | Looks like some hiccups here, europe looks little weak |
DAX will open around 7420 CAC will open around 3565 and FTSE will open around 5855. That means they'll be opening slightly in the red. |
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SP50
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| Post: #109 Posted: Tue Dec 04, 2012 1:50 pm Post subject: |
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| Samji can you please post the hourly pivot support points of Nifty Spot? |
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psalm
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| Post: #110 Posted: Tue Dec 04, 2012 2:08 pm Post subject: |
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| taxmann50 wrote: | | Samji can you please post the hourly pivot support points of Nifty Spot? |
I don't know what you meant by hourly levels, Taxmann. However, if you're looking for intraday levels, then immediate levels as per my calculations are 5900 / 5888/ 5881 / 5875-5876 / 5869 / 5863 and 5852. In a slightly higher TF, levels are 5881 / 5867 / 5850 / 5834 / 5815-5810 and then 5785.  |
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SP50
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| Post: #111 Posted: Tue Dec 04, 2012 2:11 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | Samji can you please post the hourly pivot support points of Nifty Spot? |
I don't know what you meant by hourly levels, Taxmann. However, if you're looking for intraday levels, then immediate levels as per my calculations are 5900 / 5888/ 5881 / 5875-5876 / 5869 / 5863 and 5852. In a slightly higher TF, levels are 5881 / 5867 / 5850 / 5834 / 5815-5810 and then 5785. |
By hourly level I meant intra day 1hr TF. but thank you I am fine with it. i was testing few things thought might confirm the data with you, |
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saumya12
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| Post: #112 Posted: Tue Dec 04, 2012 2:14 pm Post subject: |
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Is it a CnH in NS 5 min TF
Please confirm |
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vinay28
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| Post: #113 Posted: Tue Dec 04, 2012 2:19 pm Post subject: |
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| likely saumya but too small a target. nullifies below 5860 |
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psalm
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| Post: #114 Posted: Tue Dec 04, 2012 2:21 pm Post subject: |
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| saumya12 wrote: | Is it a CnH in NS 5 min TF
Please confirm |
Saumya, if you're talking about the pattern formed from yesterday morning, it looks like a CNH...need a breakout above 5885-5886, I feel..in that case, you might get another 30 odd points..... |
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vinay28
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| Post: #115 Posted: Tue Dec 04, 2012 2:25 pm Post subject: |
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| 30 or 20, sam? |
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psalm
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| Post: #116 Posted: Tue Dec 04, 2012 2:30 pm Post subject: |
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| vinay28 wrote: | | 30 or 20, sam? |
I was talking about this, Vinay...... |
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saumya12
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| Post: #117 Posted: Tue Dec 04, 2012 2:30 pm Post subject: |
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| vinay28 wrote: | | likely saumya but too small a target. nullifies below 5860 |
I dont know the calculation, but how it nullifies at 5860.
Sam, I am talking about CnH that has been just completed. |
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vinay28
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| Post: #118 Posted: Tue Dec 04, 2012 2:32 pm Post subject: |
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| I know sammy but how 30? |
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psalm
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| Post: #119 Posted: Tue Dec 04, 2012 2:40 pm Post subject: |
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| vinay28 wrote: | | I know sammy but how 30? |
Vinay, you might be talking about the distance between the middle portion (bulging inward one) and the breakout line...but normally, I'll take that pattern in a channel and then will project the width of the channel on the upside..in that way, it will come around 30.. |
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vinay28
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| Post: #120 Posted: Tue Dec 04, 2012 2:44 pm Post subject: |
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| then it is channel break out target and not CnH |
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