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Nifty View - February Series 2014 |
saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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Post: #121  Posted: Sat Feb 15, 2014 12:42 pm Post subject: |
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| apka wrote: | | saumya12 wrote: | | vinay28 wrote: | | close above 6046 gives a weekly hammer. close above 6064 is better. I covered my shorts just in case |
Vinay
You said
"close above 6064 is better"
For what!!!! |
I hope something dangerous again  |
So, now its your turn to make me scared.
But dont worry, I am well prepared this time.  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #122 Posted: Sat Feb 15, 2014 12:51 pm Post subject: |
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| u r always welcome saumya |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #123 Posted: Sat Feb 15, 2014 1:03 pm Post subject: |
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NIFTY Daily
Nifty closed just at the resistance at 6056
Next resistances are at 6120 - 6145 and 6195
Likely to reach 6120 and if crosses and sustains over 6145 then we can see higher levels of 6190/6200 zone.
Supports are at 6020 - 5950 - 5825 and 5730.
In Nifty weekly chart one can see the formation of H & S pattern by Chikou, (may be) responsible for this fall. |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #124 Posted: Sat Feb 15, 2014 1:08 pm Post subject: |
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NIFTY Hourly chart
Nifty closed just below the hourly resistance of 6055 and 6060. But as first sign of bullishness closed out of Kumo.
Crossing Kumo with a big green candle shows the strength of bulls.
But Chikou is still inside Kumo and below the priceline. It should cross about 6080 for the bullishness.
The resistance as per hourly chart are at 6075 - 6100 - 6114 - 6142 - 6175
And supports are at 6045 - 6015 - 6000/5995 |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #125 Posted: Sat Feb 15, 2014 1:15 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | actually yes rk. close above 6064 would mean close above last week's close, not just a hammer on both daily and weekly. I intend to short again at 6110 with 6140 as SL. I think it is going to go back to 5970. |
OR I may short around 6085 with 6110 as SL since as per one EW analysis, crossing above 6107 may see 6250. |
Vinay
If you have EW analysis chart please post it. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #126 Posted: Sat Feb 15, 2014 1:24 pm Post subject: |
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| saumya12 wrote: | | Vinay If you have EW analysis chart please post it. |
saumya, as it turns out, it's actually butterfly. I have asked permission from a friend. Will post once he confirms.
by the way, chikoo is still inside papaya, etc. - pl translate these terms just in case illiterates like me understand. |
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saumya12
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Posts: 1509
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| Post: #127 Posted: Sat Feb 15, 2014 1:58 pm Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | | Vinay If you have EW analysis chart please post it. |
saumya, as it turns out, it's actually butterfly. I have asked permission from a friend. Will post once he confirms.
by the way, chikoo is still inside papaya, etc. - pl translate these terms just in case illiterates like me understand. |
Vinay, if it is butterfly, then I do not need it.
I already have it in my collection.
As you already know I am fond of collecting wolves, bats, butterflies, crabs etc. etc.
As far as chikoo is concerned
There are three major trendlines in Ichimoku
1. Kijun Sen (blue in color)
2. Tenkan Sen (red in color)
3. Chikou Sen (green in colour)
Kumo is for cloud and upper and lower lines of Kumo are called Senkou Sen A and B. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #128 Posted: Sat Feb 15, 2014 2:13 pm Post subject: |
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| vinay28 wrote: |
OR I may short around 6085 with 6110 as SL since as per one EW analysis, crossing above 6107 may see 6250. |
My opinion,
NS can reach 6085 - 95
Consolidation here
And if NS crosses 6100/10 and sustains above it, then first level will be 6145/50 and if sustains this level, then on crossing, we can see 6190/6200
So the important levels will be
6085/95
6100/10
6145/50 |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #129 Posted: Sat Feb 15, 2014 2:36 pm Post subject: |
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| saumya12 wrote: | | vinay28 wrote: |
OR I may short around 6085 with 6110 as SL since as per one EW analysis, crossing above 6107 may see 6250. |
My opinion,
NS can reach 6085 - 95
Consolidation here
And if NS crosses 6100/10 and sustains above it, then first level will be 6145/50 and if sustains this level, then on crossing, we can see 6190/6200
So the important levels will be
6085/95
6100/10
6145/50 |
Just in case
We can see some small correction (if and only if it is small, upto 6060 or 6045 max) at or in between 6080 - 6095 - 6110.
Supports are at 6075 - 6060/55 - 6045
Then 6015/20 and below this level it will be bearish market. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #130 Posted: Sat Feb 15, 2014 4:43 pm Post subject: |
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| saumya12 wrote: | Vinay, if it is butterfly, then I do not need it.
I already have it in my collection.
As you already know I am fond of collecting wolves, bats, butterflies, crabs etc. etc.
As far as chikoo is concerned
There are three major trendlines in Ichimoku
1. Kijun Sen (blue in color)
2. Tenkan Sen (red in color)
3. Chikou Sen (green in colour)
Kumo is for cloud and upper and lower lines of Kumo are called Senkou Sen A and B. |
thank you saumya san but you haven't given their meaning. Or do you want me to try on google? |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #131 Posted: Sat Feb 15, 2014 5:12 pm Post subject: |
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| vinay28 wrote: | | saumya12 wrote: | Vinay, if it is butterfly, then I do not need it.
I already have it in my collection.
As you already know I am fond of collecting wolves, bats, butterflies, crabs etc. etc.
As far as chikoo is concerned
There are three major trendlines in Ichimoku
1. Kijun Sen (blue in color)
2. Tenkan Sen (red in color)
3. Chikou Sen (green in colour)
Kumo is for cloud and upper and lower lines of Kumo are called Senkou Sen A and B. |
thank you saumya san but you haven't given their meaning. Or do you want me to try on google? |
Sorry, Vinay san
I do not know the meaning of these Japanese terms
If you get the meaning of these terms then do let me know as well. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #133 Posted: Sat Feb 15, 2014 5:41 pm Post subject: |
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I am aware of this website
But the question is
How to type these terms in Japanese, in left pannel |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #134 Posted: Sat Feb 15, 2014 8:52 pm Post subject: |
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| saumya12 wrote: |
I am aware of this website
But the question is
How to type these terms in Japanese, in left pannel |
no no that's not what I was going for... the audio translation made me laugh |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #135 Posted: Sat Feb 15, 2014 10:00 pm Post subject: |
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Nifty bounced up at least 4 times from 200 day moving average levels in past 9 days. So,5980 is going to be make or break level as of now.....I guess.
It's not breaking down this level and at the same time revisiting that level again and again...... quite indecisive. In all likelihood it may move in a range bound manner at least till this expiry. |
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