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

vinay28 wrote:

Nifty for Tuesday (25/02/14)

Supports are at about 6160/55/44, 6115 and 6044 while resistances are at about 6200, 6230/45 and 6290. An important gap on the higher side is at about 6267. 50/100 dma is at about 6180/6159. Two+WWs can give about 6201 and 6216 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 6129 (once below 6178) and 6080 (once below 6191) (-WWs with much lower targets are not mentioned as of now). A bullish flag can give higher level unless killed below 6150. Two rising wedges can give about 6090/6000 in case of a BD below 6184/44.

Nifty rose sharply again and closed well above 6150 and just above 50 dma. If nifty fills the gap at about 6267, it changes the picture in the short term. If it closes below 6145 it could mean more fall. Weekly resistance is at about 6219. Oil price rise and/or INR fall can affect market adversely and will remain key to the future of Indian markets in short to medium term. Bad global cues can cause severe fall. VIX seems to have bottomed out and a rise in it could cause large swings. This being an expiry week, expect high volatility.

if 6219NS is taken out, we may see 6260

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

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

Tmrw I would love to see 6126NS/6133NF after a gap down open before closing at 6150/80NF. If gap up open then ......

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

Nifty for Wednesday (26/02/14)

Supports are at about 6195, 6165/55, 6115 and 6050 while resistance is at about 6240. An important gap on the higher side is at about 6267. 50/100 dma is at about 6180/6163. Three +WWs can give about 6272, 6300 and 6323 (+WWs with higher targets are not mentioned as of now). A number of -WWs can give about 6160, 6154/6101/6086 (once below 6182), 6105 (once below 6194) and 6103/6075 (once below 6201) (-WWs with much lower targets are not mentioned as of now). Two rising wedges can give about 6090/6000 in case of a BD below 6190/68.

Nifty fell a bit after a small gap up open but managed to close just above 6200. Daily candle is a hammer and is also like an evening star, a bearish sign. It will be confirmed if nifty closes -ve, particularly after a gap down open. If nifty fills the gap at about 6267, it changes the picture in the short term. If it closes below 6145 it could mean more fall. Weekly resistance is at about 6219. Oil price rise and/or INR fall can affect market adversely and will remain key to the future of Indian markets in short to medium term. Bad global cues can cause severe fall. VIX seems to have bottomed out and a rise in it could cause large swings. Wednesday being expiry day, expect high volatility and trade carefully.

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

Thanks Vinay, for your posts on daily update.

Hope that it will be a regular feature in NIFTY VIEW

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

NIFTY
Today is an NR 4 day.

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

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

NIFTY Daily

Nifty closed in Kumo, just crossing above Senkou sen lower level, which is a very strong resistance level as per Ichimoku.
In my opinion it should move towards or can touch Senkou sen upper level.
The upper level is at 6240-45 and is a strong resistance level also.
I do not think that this time Nifty will break and cross this level.

But nothing is impossible.
Let us think for the best.

Resistance levels are 6221 - 6240 - 6260
Support levels are 6171 - 6150/45 - 6120

aviate1987 · White Belt Joined: 07 Jan 2014 Posts: 1

HI VINAY
I HAVE BEEN FOLLOWING NIFTY VIEW FROM MORE THAN A YEAR,
NEVER POSTED A REPLY.
NOT A TECHNICAL GUY, BUT YOUR PREDICTIONS ARE HELPFUL TO PLAY THE MARKETS.
PLEASE KEEP POSTING ITS POSSIBLE MANY MORE LIKE ME FOLLOW YOUR POSTS BUT NEVER REPLIED.
SO PLEASE KEEP POSTING ABOUT THE NEXT DAY'S MOVEMENTS, ITS HARD TO FIND GOOD TECHNICAL GUYS IN THE MARKET

GOOD WISHES
ATUL PURI
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vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

aviate1987 wrote:

HI VINAY
I HAVE BEEN FOLLOWING NIFTY VIEW FROM MORE THAN A YEAR,
NEVER POSTED A REPLY.
NOT A TECHNICAL GUY, BUT YOUR PREDICTIONS ARE HELPFUL TO PLAY THE MARKETS.
PLEASE KEEP POSTING ITS POSSIBLE MANY MORE LIKE ME FOLLOW YOUR POSTS BUT NEVER REPLIED.
SO PLEASE KEEP POSTING ABOUT THE NEXT DAY'S MOVEMENTS, ITS HARD TO FIND GOOD TECHNICAL GUYS IN THE MARKET

GOOD WISHES
ATUL PURI
[Content Removed by Admin]

me? technical?

by the way, atul, pl don't post in upper case. it implies shouting.