iCharts Discussions

[vinay28]

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

Nifty for Monday (09/01/17) and beyond

Supports are at about 8233/04, 8180 and 8110 while resistances are at about 8258/70, 8300/40/50 and 8400. Unfilled gap on lower side is at about 8190. 200 dsma is at about 8279. A +WW can give about 8341 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8135 (if below 8233) and 8100 (if below 8218) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up, made a higher high to cross 200 dsma but then fell to close -ve below 8250. Daily candle is bearish piercing with good -ve volume and mild -ve div. Weekly candle is a doji with strong +ve volume. Hence, further fall, if any, may be limited. Nifty must close above 8274 to continue the rally while a close below 8192 can cause more 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 Tuesday (10/01/17) and beyond

Supports are at about 8220/00, 8140 and 8110 while resistances are at about 8250/65/85, 8312/30/50 and 8362. Unfilled gap on lower side is at about 8190. 50/200 dsma is at about 8194/8283. A +WW can give about 8287 (if above 8230) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8133 (if below 8235) and 8095 (if below 8219) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell to make a lower low before closing -ve below 8250. Daily volume is good -ve and we may see lower levels. However, weekly candle was a doji with strong +ve volume. Hence, further fall, if any, may be limited. Nifty must close above 8274 to continue the rally while a close below 8192 can cause more fall. Monday was a NR21 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.

[vinay28]

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

Nifty for Wednesday (11/01/17) and beyond

Supports are at about 8275/60/47/39/20, 8140 and 8110 while resistances are at about 8313/30/50/75 and 8410. Unfilled gap on lower side is at about 8236. 200 dsma is at about 8287. A +WW can give about 8343 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8247 (if below 8293) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up and rose though it remained in a narrow range again to close well above 200 dsma, at a new high in 2 months. Daily volume is strong +ve and we may see further rise. Nifty must close above 8526 to continue the rally while a close below 8236 can fresh fall. Tuesday was a NR105 day after a NR21 day and nifty seems to be gearing up for a furious move, probably up, and we may see a huge move soon. 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 Thursday (12/01/17) and beyond

Supports are at about 8365/55/30/15/03, 8290/76/49 and 8220 while resistances are at about 8410/32/40 and 8505. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100/200 dsma are at about 8447/8290 resp. (+WWs with higher targets are not mentioned as of now). A -WW can give about 8220 (if below 8331) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315.

Nifty opened gap up and rose sharply to close strongly +ve well above 8350. Hopefully the furious rise I mentioned yesterday may have started. Daily candle is a marubuzo with good +ve volume and we may see some further rise. However, there is -ve div on lower TF and also a mild hidden bearish div, which gets nullified only at 8969. Hence, there may be some, perhaps minor, reaction before next rally. Nifty must close above 8526 to continue the rally while a close below 8273 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 (13/01/17) and beyond

Supports are at about 8395/80/60/35/15, 8296 and 8220 while resistances are at about 8430/45/70 and 8505. Unfilled gaps on higher/ lower sides are at about 8526/8380 resp. 100 dsma are at about 8443. (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8382 (if below 8417) and 8227 (if below 8333) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8310 if nifty sustains below 8405.

Nifty opened gap up and rose but remained in a tight range to close +ve above 8400. Hopefully the furious rise I mentioned 2 days ago may have started. Daily volume is strong +ve and we may see some further rise. However, there is -ve div on lower TF and also a mild hidden bearish div, which gets nullified only at 8969. Hence, there may be some, perhaps minor, reaction before next rally. Nifty must close above 8526 to continue the rally while a close below 8312 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 (16/01/17) and beyond

Supports are at about 8390/73/55/37 and 8315 while resistances are at about 8420/60/77 and 8515. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100 dsma are at about 8441. Two +WWs can give about 8441/68 (if above 8366) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8373 (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8310 if nifty sustains below 8405.

Nifty opened up with a big gap, crossed 100 dsma and then fell sharply to close strongly -ve but just above 8400 but below 100 dsma. Daily candle is bearish engulfing with average -ve volume and -ve div. But, weekly candle is strong with strong +ve volume and hence further fall, if any, may be limited. Nifty must close above 8526 to continue the rally while a close below 8380 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 Tuesday (17/01/17) and beyond

Supports are at about 8395/73/62/43/23 and 8319 while resistances are at about 8440/54/65 and 8505. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100 dsma are at about 8439. Two +WWs can give about 8443/70 (if above 8364) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8422/8377 (if below 8422)(-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8330 if nifty sustains below 8425.

Nifty opened down with small gap and remained in a small range to close +ve above 8400 but below 100 dsma. Daily volume is good +ve but there is a mild hidden bearish div in last 2 days, which gets killed only at/above 8462 and we may see more fall, albeit probably limited, if at all. Nifty must close above 8526 to continue the rally while a close below 8380 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 Wednesday (18/01/17) and beyond

Supports are at about 8365/55/44/35, 8294 and 8260 while resistances are at about 8411/24/40/55/75 and 8505. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100/200 dsma are at about 8436/8304 resp. Two +WWs can give about 8421 (if above 8378) and 8482 (if above 8350)(+WWs with higher targets are not mentioned as of now). A -WW can give about 8315 (if below 8424)(-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8315 if nifty sustains below 8410. A HnS can give about 8345 if nifty breaks and sustains below 8378.

Nifty opened down flattish, made a higher high but fell to close -ve below 8400. Daily candle is a doji with good -ve volume with a mild - div. Hence, we may see more fall, albeit probably limited, if at all. Nifty must close above 8526 to continue the rally while a close below 8380 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 Thursday (19/01/17) and beyond

Supports are at about 8395/79/61/55 and 8335 while resistances are at about 8435/60/95 and 8510. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100 dsma is at about 8434. A +WW can give about 8497 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8315 (if below 8424) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8315 if nifty sustains below 8410. A HnS can give about 8345 if nifty breaks and sustains below 8378.

Nifty opened up flattish, made a higher high to cross 100 dsma again but fell to close +ve above 8400, highest close after 10/11. Daily candle is an inverted hammer but with strong +ve volume and we may see higher levels. Nifty must at least touch 8461 to begin with while a close below 8380 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 (20/01/17) and beyond

Supports are at about 8428/20/02, 8389/80/72/55 and 8335 while resistances are at about 8442/52/60/75/86, 8509 and 8519. Unfilled gaps on higher/ lower sides are at about 8526/8288 resp. 100 dsma is at about 8433. Two +WWs can give about 8461/86 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8406 (if below 8443) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8535 if nifty sustains above 8315. A rising wedge can give about 8320 if nifty breaks and sustains below 8415. A HnS can give about 8345 if nifty breaks and sustains below 8378.

Nifty opened up flat and remained in a narrow range to close +ve and above 100 dsma, again the highest close after 10/11. Daily candle is a doji but with strong +ve volume. However, there is mild -ve div on lower TF and also a hidden bearish div on daily and lower levels are likely unless nifty takes out 8461 to begin. A close below 8398 can start a fresh fall. Thursday was a NR4 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.

[vinay28]

[vinay28]

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

Nifty for Monday (23/01/17) and beyond

Supports are at about 8335/23/10, 8295/80 and 8242 while resistances are at about 8365/80/92, 8410/28 and 8461. Unfilled gaps on higher/lower sides are at about 8436/8288 resp. 100/200 dsma are at about 8430/8315 resp. A +WW can give about 8433 (if above 8380) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8227 (if below 8355) and 8200 (if below 8323 (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8545 if nifty sustains above 8325. A rising wedge can give about 8320 if nifty breaks and sustains below 8415.

Nifty opened gap down and tanked to close strongly -ve below 8350. Daily volume is good -ve. Also, weekly candle is an inverted hammer with strong -ve volume. Hence, we may see lower levels. However, there is mild hidden bullish div and we may see some recovery. Nifty now seems to be in sell on rise mode unless it takes out 8461. A close above 8436 to begin with can give higher levels while a close below 8273 can cause more damage. It was a NR5 week 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, this being a truncated expiry week.

[Niftyman]

Isnt it funny

On every rise you see bearish divergence or hidden divergence
On every fall you find bullish divergence or hidden divergence

[amexhui]

Sir, Do you really need to make negative comments in this thread every other month without contributing anything to the discussion ?

Please start your own thread to discuss market studies of choice and help the community. Thanks

[Niftyman]