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Nifty View - February Series 2014 |
amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #61 Posted: Tue Feb 11, 2014 1:48 pm Post subject: |
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saumya12 wrote: | Diamond pattern in NF 30 min tf
Normally gives bearish results, but look at crossing/breaching of trendlines of r.h.s. symmetrical triangle |
was following this since yesterday....pattern being formed today...also on 15tf.......for me the trendline from 5933 to 6100 is not broken still....?...so as u say the break of support line is important....otherwise rampant profit booking is advised......
as posted in chart few days back....shorters below 6053 still not getting their price expect the offbeat spike up or down......
markets may move down....but there can be a spike up to surprise....hence NS can be traded for 13/15 points....or condors |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #62 Posted: Tue Feb 11, 2014 2:12 pm Post subject: |
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saumya12 wrote: | NF +ww 5 min tf target 6090
SL 6065
LTP 6075 |
Almost done High 6087.6
Now -ww in 5 min tf
Target around 6060
Take care |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #63 Posted: Tue Feb 11, 2014 2:36 pm Post subject: |
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saumya12 wrote: | NF +ww 5 min tf target 6090 |
Saumya: Just now 6090.75!!!!!!!!!
Tusi great ho! Even on a day like today with NM (no movement), NV (no volume) and NI (no interest) you are calling the shots much like a ring master making the tiger do as he says.
Cheers, Prakash Holla
We in IC are lucky to have you and Rita Pandit to give such accurate tgts! |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #64 Posted: Tue Feb 11, 2014 2:54 pm Post subject: |
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Thanks Prakash
It is because of the help of you and other friends. |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #65 Posted: Tue Feb 11, 2014 2:56 pm Post subject: |
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NF
So far NR7, and inside bar |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #66 Posted: Tue Feb 11, 2014 3:23 pm Post subject: |
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saumya12 wrote: | NF
So far NR7, and inside bar |
breakout coming tomorrow....if holds now.....also sideways action around SSPS 34ema 15th [6060] for a long time.....NF 6045 - 6090 would decide the trend |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #67 Posted: Tue Feb 11, 2014 3:23 pm Post subject: |
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saumya12 wrote: | NF
So far NR7, and inside bar |
NS also |
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ritapandit25 Black Belt
Joined: 04 May 2013 Posts: 2926
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Post: #68 Posted: Tue Feb 11, 2014 3:40 pm Post subject: |
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pkholla wrote: | saumya12 wrote: | NF +ww 5 min tf target 6090 |
Saumya: Just now 6090.75!!!!!!!!!
Tusi great ho! Even on a day like today with NM (no movement), NV (no volume) and NI (no interest) you are calling the shots much like a ring master making the tiger do as he says.
Cheers, Prakash Holla
We in IC are lucky to have you and Rita Pandit to give such accurate tgts! |
Thanks Prakash.
Its our pleasure. Excellent Saumya. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #69 Posted: Tue Feb 11, 2014 4:27 pm Post subject: |
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self-explanatory |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #70 Posted: Tue Feb 11, 2014 4:47 pm Post subject: |
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vinay28 wrote: | self-explanatory |
absolutely, Saumya was talking of triangle and i was talking of trendline at 6030 currently [aprox.]..shown in chart....i would expect a rebound from above 5994......to 6100 odd again ...[since short series the large ones would have sold 6000-6050 call put...]
as mentioned before 5940-5973 was solid support and NS bounced from there....cannot be sure that that shall be breached.....
one needs to check with heavyweights also....if they are close to longer supports ...then a bounce can be expected....whipsawing action possible for me [100 points range] rather than trending move....vix / OI throwing any idea??? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #71 Posted: Tue Feb 11, 2014 6:36 pm Post subject: |
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amitagg wrote: | vinay28 wrote: | self-explanatory |
absolutely, Saumya was talking of triangle and i was talking of trendline at 6030 currently [aprox.]..shown in chart....i would expect a rebound from above 5994......to 6100 odd again ...[since short series the large ones would have sold 6000-6050 call put...]
as mentioned before 5940-5973 was solid support and NS bounced from there....cannot be sure that that shall be breached.....
one needs to check with heavyweights also....if they are close to longer supports ...then a bounce can be expected....whipsawing action possible for me [100 points range] rather than trending move....vix / OI throwing any idea??? |
if today's fed news is favourable, it may open around/above 6100 but that still doesn't give much hope to bulls unless it covers gap at 6267NS. But if news is not good then a breach of 6025 and then 5970 may mean 5850/5700. |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #72 Posted: Tue Feb 11, 2014 7:17 pm Post subject: |
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ritapandit25 wrote: | pkholla wrote: | saumya12 wrote: | NF +ww 5 min tf target 6090 |
Saumya: Just now 6090.75!!!!!!!!!
Tusi great ho! Even on a day like today with NM (no movement), NV (no volume) and NI (no interest) you are calling the shots much like a ring master making the tiger do as he says.
Cheers, Prakash Holla
We in IC are lucky to have you and Rita Pandit to give such accurate tgts! |
Thanks Prakash.
Its our pleasure. Excellent Saumya. |
Thanks Rita
Your analysis and calculations are par excellence. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #73 Posted: Tue Feb 11, 2014 10:02 pm Post subject: |
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vinay28 wrote: | amitagg wrote: | vinay28 wrote: | self-explanatory |
absolutely, Saumya was talking of triangle and i was talking of trendline at 6030 currently [aprox.]..shown in chart....i would expect a rebound from above 5994......to 6100 odd again ...[since short series the large ones would have sold 6000-6050 call put...]
as mentioned before 5940-5973 was solid support and NS bounced from there....cannot be sure that that shall be breached.....
one needs to check with heavyweights also....if they are close to longer supports ...then a bounce can be expected....whipsawing action possible for me [100 points range] rather than trending move....vix / OI throwing any idea??? |
if today's fed news is favourable, it may open around/above 6100 but that still doesn't give much hope to bulls unless it covers gap at 6267NS. But if news is not good then a breach of 6025 and then 5970 may mean 5850/5700. |
Again there is nothing which prevents the market from testing 5990-5970.and breaking which again low of 5940...and give a bounce back to 6050...without making new low....5940-5970-6000 is excellant support ...and I still don't thing it will give away in just 2 testings...(This is just view since I am neither positional long or short)... |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #74 Posted: Wed Feb 12, 2014 11:14 am Post subject: |
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NF -ww 15 min tf tgt 6060 and further CAN be extended to 6030
SL 6150
LTP6122
Can rise upto 6130
Take care |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #75 Posted: Wed Feb 12, 2014 11:38 am Post subject: |
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bulls shorted >5 lac 6100pe in first one hour |
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