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Nifty View - December |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #136  Posted: Tue Dec 04, 2012 3:30 pm Post subject: |
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| for accumulation to succeed, nifty should go down a bit. yesterday's spinning top needs to be studied with volume |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #137 Posted: Tue Dec 04, 2012 3:30 pm Post subject: |
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| psalm wrote: | | taxmann50 wrote: | | psalm wrote: | What does this grinding mean??..Accumulation or Distribution????  |
We have grinded all of sep and oct, thereafter that .......  |
Then we'll be grounded.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #138 Posted: Tue Dec 04, 2012 3:37 pm Post subject: |
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| today's candle is an inside bar |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #139 Posted: Tue Dec 04, 2012 3:45 pm Post subject: |
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| vinay28 wrote: | | today's candle is an inside bar |
That means we will grind here for few days now and then zoom up again, |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #140 Posted: Tue Dec 04, 2012 4:02 pm Post subject: |
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We knew that market is dynamic. There are multiple possibilities of market moves. Here is one possibility for tomorrow. It’s not going to be a commandment.
It suggests a possible move downside for a target of NS around 5850.In case NS started moving down keep in mind this possible target. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #141 Posted: Tue Dec 04, 2012 4:11 pm Post subject: |
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| right |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #142 Posted: Tue Dec 04, 2012 4:49 pm Post subject: |
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| rk_a2003 wrote: | We knew that market is dynamic. There are multiple possibilities of market moves. Here is one possibility for tomorrow. It’s not going to be a commandment.
It suggests a possible move downside for a target of NS around 5850.In case NS started moving down keep in mind this possible target. |
Long position holders should be cautioned.. |
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Andre
White Belt
Joined: 06 Jun 2012
Posts: 220
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| Post: #143 Posted: Tue Dec 04, 2012 4:53 pm Post subject: |
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rk_a2003,
is this channel converging?
actually in NF there is not similar pattern visible...so we may need a bit more confirmation before jumping in the trade. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #144 Posted: Tue Dec 04, 2012 5:08 pm Post subject: |
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| taxmann50 wrote: | | vinay28 wrote: | | today's candle is an inside bar |
That means we will grind here for few days now and then zoom up again, |
Buy/sell above/below high/low of today's or yesterday's candle with SL a few points below/above their low/high. |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #145 Posted: Tue Dec 04, 2012 5:10 pm Post subject: |
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| vinay28 wrote: | | taxmann50 wrote: | | vinay28 wrote: | | today's candle is an inside bar |
That means we will grind here for few days now and then zoom up again, |
Buy/sell above/below high/low of today's or yesterday's candle with SL a few points below/above their low/high. |
lets see how this debate in LS end off, |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #146 Posted: Tue Dec 04, 2012 8:14 pm Post subject: |
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| Andre wrote: | rk_a2003,
is this channel converging?
actually in NF there is not similar pattern visible...so we may need a bit more confirmation before jumping in the trade. |
No, It's a parallel channel.NF I haven't checked.If possible post the NF 10 minute chart with or without -ww. |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #147 Posted: Tue Dec 04, 2012 9:59 pm Post subject: |
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One of the likely scenarios is that we visit 5790 spot in this week. Holds good till we do not cross 5900 spot. Above 5900 spot equation would change slightly.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #148 Posted: Wed Dec 05, 2012 8:29 am Post subject: |
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| PCR is at 1.07 and must go below 1.0 for market to go up |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #149 Posted: Wed Dec 05, 2012 9:20 am Post subject: |
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| psalm wrote: | | 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..... |
Saumya, Target has been achieved.... |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #150 Posted: Wed Dec 05, 2012 9:27 am Post subject: |
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| psalm wrote: | | taxmann50 wrote: | Samji can you please give us the current support and resistance levels for Nifty spot?
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I'm looking at levels around 5820, Taxmann which is the immediate support for the market. If that support is broken, there is good chance for the market to test 5785-5765 range where it has one of the key supports. That means the market will show first signs of weakness when it breaks below 5820-5815 range. On the upside, immediate resistance is at 5855, above that we may test the highs. I have a feeling that the market is heading for 5915-5965 range....Anyway, let's wait and see... |
Sometime back, I had posted that the market may test the range 5915-1965....we've ventured into that region today....watch out... |
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