iCharts Discussions

amexhui · White Belt Joined: 26 May 2009 Posts: 45

That Sir is the very nature of the market. Divergences .. hidden or otherwise are fairly common ... when and if to act on them is determined by skill and experience .. something for both the bears and the bulls .. how else can either justify their trading behavior Laughing

But why shoot the messenger ?

Obviously, this message of yours by itself is not why I posted my comment. Last month's thread also had a critical comment.

Cheers !

AjitS · White Belt Joined: 21 Aug 2013 Posts: 138

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

I can not and won't waste time to educate those who come with a bias and/or are ignorant and yet arrogant and find great pleasure commenting sarcastically on other's posts. the div is easy to see on charts but one needs to open one's eyes, provided one has basic knowledge.

voyager · White Belt Joined: 05 Sep 2011 Posts: 63

In any one's regular topic, it is not gentle to make sarcastic remarks. prophecy is not a fun, it is devotion, love & something which takes a lot of time. If one is devoting him, It should be acknowledged. If any difference of opinion is, it should be well analytical and gentle.

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (24/01/17) and beyond

Supports are at about 8371/65/44/35/00 and 8290 while resistances are at about 8419/35/61 and 8510. Unfilled gaps on higher/lower sides are at about 8436/8288 resp. 100/200 dsma are at about 8428/8318 resp. A +WW can give about 8446 (if above 8380) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8540 if nifty sustains above 8325.

Nifty opened gap down but rose sharply to close strongly +ve but below 8400. Daily volume is good +ve. As mentioned earlier, nifty must cross 8461 to enable higher levels. Nifty must close above 8436 to begin while a close below 8349 can start a fresh fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being a truncated expiry week.

apka · Black Belt Joined: 13 Dec 2011 Posts: 6137

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (25/01/17) and beyond

Supports are at about 8460/44/20/09, 8396/88/75/55/35 and 8315 while resistances are at about 8510/24/40/53 and 8570. Unfilled gaps on higher/ lower sides are at about 8526/8391 resp. 100 dsma is at about 8426. Two +WWs can give about 8494 and 8655 (if above 8420) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8414 (if below 8455) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8540. Two rising wedges can give about 8446/8390 if nifty sustains below 8476/60 resp.

Nifty opened gap up and rose sharply to close strongly +ve well above 8450 and also above 100dsma. Daily candle is a bullish Marubuzo with strong +ve volume. However, there is mild -ve div and we may see some reaction or consolidation unless RSI crosses 67.40 after a higher high. Note that hidden bearish div continues but just as hidden bullish div which lasted for long did not give results till sustained buying resumed, bearish div will not give results unless sustained selling commences. Nifty must close above 8526 to continue the rally while a close below 8435 can start a fresh fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being a expiry day.

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Vinay: Where is the usual pre- budget optimism and the sharp ramp up in prices coupled with higher volumes?????
NF seems to be coasting along smoothly and even ignoring this month NF close?
All habits/ rules MODI-fied by 9-11 demon. circus?
Smile

Cheers, Prakash Holla

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

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (27/01/17) and beyond

Supports are at about 8576/60/40/20, 8495/79/61/45 and 8430 while resistances are at about 8655 and 8695. Unfilled gaps on higher/ lower sides are at about 8626/8475 resp. A +WW can give about 8670 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up again and rose sharply to close strongly +ve above 8600. Daily candle is again a bullish Marubuzo with strong +ve volume and we may see higher levels. However, the hidden bearish div persists and will be killed only at 8969 to begin with. So, a major fall will come only if sustained selling resumes. On a daily basis, nifty must close above 8638 to continue the rally while a close below 8475 can start a fresh fall. On a weekly basis, a close above 8583 is a must while a close above 8698 will be bullish. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

Thanks for the levels.

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (30/01/17) and beyond

Supports are at about 8630/24/00, 8584/65 and 8490 while resistances are at about 8650/76/92, 8715 and 8758. Unfilled gaps on higher/ lower sides are at about 8692/8602 resp. Two +WWs can give about 8689 and 8704 (if above 8635) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8480 if nifty breaks and sustains below 8615.

Nifty opened up with a small gap and made a higher high but later reacted a bit to close +ve below 8650. Daily candle is like an inverted hammer with strong +ve volume and weekly candle is like a Marubuzo but with average +ve volume. Hence, further rise, if any, may be limited. The persisting hidden bearish div gets killed only at 8969 to begin with. So, a major fall will come only if sustained selling resumes. Nifty must close above 8709 to continue the rally while a close below 8615 can start a fresh fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, there being an important budget midway in the week.

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (31/01/17) and beyond

Supports are at about 8618/05, 8585/54/40 and 8470 while resistances are at about 8645/60/77/90 and 8775. Unfilled gaps on higher/lower sides are at about 8692/8602 resp. Two +WWs can give about 8691 and 8706 (if above 8633) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8485 if nifty sustains below 8635.

Nifty opened down with a small gap and remained in a narrow range to close mildly -ve below 8650. Daily candle is a bearish Harami Cross with strong -ve volume (nifty fut candle is, however, an inverted hammer) and we may see further fall. The persisting hidden bearish div can give a major fall only if sustained selling resumes. On daily/monthly basis nifty must close above 8642/26 resp. to continue the rally while a close below 8602/11 resp. can start a fresh fall. Monday was a NR6 day and we may see a big move soon. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, Wednesday being an important budget day.

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

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (01/02/17) and beyond

Supports are at about 8540/25/00, 8495/83/59/45/15/07, 8399 and 8339 while resistances are at about 8590, 8620/40/57/70/89 and 8775. Two unfilled gaps on higher/lower sides are at about 8692-33/8475-8391 resp. Two +WWs can give about 8624 (if above 8571) and 8689 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8338 (if below 8550) and 8318 (if below 8480) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8485.

Nifty opened down with a small gap and tanked to close strongly -ve and well below 8600. The harami cross of Monday thus gave its result. Also, selling seems to have begun. Daily candle is a bearish Marubuzo with strong -ve volume and we may see further fall. However, monthly candle and volume are good +ve and fall may not be major unless there is sustained selling. Nifty must close above 8642/8709 to continue the rally while a close below 8543/8433 resp. can cause more damage. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, as huge range and volatility are expected on the important budget day.