iCharts Discussions

[vinay28]

Huge green candle but far away from 20/50/10//200 dma. Perhaps an intermediate top.

[vinay28]

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

Nifty for Thursday (02/02/17) and beyond

Supports are at about 8636, 8590/81 and 8540 while resistances are at about 8760/75/85, 8850 and 8900. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. (+WWs with higher targets are not mentioned as of now). A -WW can give about 8535 (if below 8679) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670.

Nifty opened up with a small gap, fell to make a lower low but later rose sharply to close strongly +ve and above 8700 and seems headed upwards. However, the daily volume is not commensurate with the range and there is a -ve div following the persisting bearish div. Also, nifty closed far above the major moving averages and it is likely that an intermediate top is very close if not already made. Nifty must close above 8770 to continue the rally while a close below 8638 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.

[vinay28]

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

Nifty for Friday (03/02/17) and beyond

Supports are at about 8720, 8685/56/45 and 8622 while resistances are at about 8760/75/85/97, 8808 and 8900. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8690 (if below 8742) and 8534 (if below 8680) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670.

Nifty opened up with a small gap, fell but rose again to make a higher high before falling again to close flattish +ve and above 8700 (nifty fut closed flattish -ve) and seems headed upwards considering the strong +ve volume. However, daily candle is a spinning top cum doji implying indecisiveness. The -ve div persists on lower TF. Nifty has closed far above the major moving averages and it is likely that an intermediate top is very close if not already made. Nifty must close above 8770 for further rise while a close below 8708/8693 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.

[vinay28]

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

Nifty for Monday (06/02/17) and beyond

Supports are at about 8725/05, 8694/85/77/52 and 8622 while resistances are at about 8765/80/85, 8800 and 8846. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8782 (if above 8708) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8694 and 8534 (if below 8682) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A ST can give about 8660/8795 in case nifty sustains below/above 8714/8743 resp.

Nifty opened flat and remained in a narrow range to close mildly +ve and above 8700. Daily candle is an inside bar and a hanging man with a fresh hidden bearish div between last two candles. Two consecutive indecisive candles also suggest a reaction unless 8758 is taken out first. Even then, nifty is over bought and the longer term hidden div remains. However, daily and weekly volumes are strong +ve and reaction, if any, may not be major. Nifty has closed far above the major moving averages and it is likely that an intermediate top is very close if not already made. Nifty must close above 8770 for further rise while a close below 8708/8693 can start a fresh fall. Friday was a NR15 day and we may see big moves next week. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.

[Niftyman]

keep on searching and looking for bearish divergence or hidden bearish divergence

Kabhi toh bearishness ki lehar aayegi hi

[vinay28]

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

Nifty for Tuesday (07/02/17) and beyond

Supports are at about 8788/70/53/45, 8688 and 8670 while resistances are at about 8826/46/56/93, 8905 and 8929. Unfilled gaps on higher/lower sides are at about 8832/8740 resp. A +WW can give about 8916 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8697 (if below 8772) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8665 in case nifty sustains below8800.

Nifty opened gap up and rose further to close +ve and just above 8800, highest close since 26/9/16. Daily candle is a spinning top and a likely evening star, to be confirmed by a red candle, preferably after a gap down open. There is -ve div on lower TF. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8868 for further rise while a close below 8769 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.

P.S. - I don't try to find out div in people with severe genetic flaws.

[apka]

dukhi aatma abhi tak bhatak rahi hai iss thread mein

[ritapandit25]

JAN GONE. WE ARE IN FEB.

[apka]

Lol

[vinay28]

[Niftyman]

abey,
tune kahin apni hi dna report toh nahi dekh li
proof toh Rita ne de hi diya hai




aur yeh is thread ka gatekeeper apka
apna kaam bhi theek se nahi karta hai
lagta hai iska malik apne vafadaar kutte ka theek se dhyan nahin rakhta hai.