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Nifty View - Jan 2013 |
apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #331 Posted: Wed Jan 09, 2013 8:15 pm Post subject: |
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vinay28 wrote: | As of now, it has broken 5965 and bounced back. A convincing break below that can give 5840. Only hope for bulls hoping for 6100+ in is strong liquidity. |
The pattern is running from 3 months.. its a good duration to induce 200-250 point direction I think.
200-250 point direction would mean nifty seeing 6250-6300 ... which is making me wary to think that it should be a breakdown. RSI also building negative divergence.
But I will not speculate and .. Shall wait for friday.
FNO status:
[1] All in the money puts and out of the money puts (except 5800pe and 5900pe) have shedded OI. But 5800pe and 5900pe addition is less.
[2] Most OI in puts is at 5800pe - 72 lakh OI. and Most OI in call is at 6200ce - 87 lakh OI. 6100ce added 9 lakh OI today - total 67 lakh.
[3] Jan fut OI is very less too just 155 lakh... |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #332 Posted: Wed Jan 09, 2013 8:17 pm Post subject: |
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I think 5600 NF may be possible if we go down from here. If it decides go up 6200 near. Traders need to do hard work every day!
Confusing part is Dow. When nifty wants to go down,it shows up move is possible. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #333 Posted: Wed Jan 09, 2013 9:20 pm Post subject: |
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apka, have a look at this. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #334 Posted: Wed Jan 09, 2013 9:24 pm Post subject: |
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vinay28 wrote: | apka, have a look at this. |
Is it hourly chart? Can you add RSI, SS, MACD to it? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #335 Posted: Wed Jan 09, 2013 9:33 pm Post subject: |
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it is actually 15tf but hardly matters for channels. Adding indicators squeezes it vertically too much but at 15tf they are oversold and have given buy signal except macd and at 60tf rsi is 40 with very slight +ve div, sts 54 and macd almost 0 with -ve x'over. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #336 Posted: Wed Jan 09, 2013 9:33 pm Post subject: |
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sam, vinay -- whats your view on Dollar Index right now?
I think its given a weekly breakout from falling trendline 84 -> 79... last week it closed above it. Next resistence I see is at 82.30 for it stop. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #337 Posted: Wed Jan 09, 2013 9:34 pm Post subject: |
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vinay28 wrote: | it is actually 15tf but hardly matters for channels. Adding indicators squeezes it vertically too much but at 15tf they are oversold and have given buy signal except macd and at 60tf rsi is 40 with very slight +ve div, sts 54 and macd almost 0 with -ve x'over. |
hmm ok |
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skd2012 Yellow Belt
Joined: 03 Oct 2012 Posts: 948
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Post: #338 Posted: Thu Jan 10, 2013 7:47 am Post subject: |
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global market looks good....Will it give another try today for 20000? |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #339 Posted: Thu Jan 10, 2013 8:24 am Post subject: |
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apka wrote: | sam, vinay -- whats your view on Dollar Index right now?
I think its given a weekly breakout from falling trendline 84 -> 79... last week it closed above it. Next resistence I see is at 82.30 for it stop. |
Depends on chavez's health chart and the correct tf!
wait for 15th |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #340 Posted: Thu Jan 10, 2013 9:16 am Post subject: |
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vinay28 wrote: | apka wrote: | sam, vinay -- whats your view on Dollar Index right now?
I think its given a weekly breakout from falling trendline 84 -> 79... last week it closed above it. Next resistence I see is at 82.30 for it stop. |
Depends on chavez's health chart and the correct tf!
wait for 15th |
Does that mean something will happen to Chavez on 15th????...
By the way, as per the Moving averages, the next resistance for Dollar index is around 81.15-81.2. As per the retracements, once it sustains above 80.8, then next major resistance is around 82.5-83 area. Immediate support is around 80.2 now. Some short-term trendlines suggest a breakout already. So, I'll be looking at around 81.2 breakout for some confirmation. Else, I'll think that the index could test 80.2 before deciding on further course.... |
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masa White Belt
Joined: 06 Jan 2007 Posts: 162
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Post: #341 Posted: Thu Jan 10, 2013 9:21 am Post subject: |
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GM all
Hourly chart of Nifty spot. Major trend is UP showing by up channel. Medium trend is down showing by down channel. A small symmetrical triangle like pattern is there. Until and unless breaking of this triangle line, no major move will happen.
So let's wait and watch. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #342 Posted: Thu Jan 10, 2013 9:25 am Post subject: |
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psalm wrote: | vinay28 wrote: | apka wrote: | sam, vinay -- whats your view on Dollar Index right now?
I think its given a weekly breakout from falling trendline 84 -> 79... last week it closed above it. Next resistence I see is at 82.30 for it stop. |
Depends on chavez's health chart and the correct tf!
wait for 15th |
Does that mean something will happen to Chavez on 15th????...
By the way, as per the Moving averages, the next resistance for Dollar index is around 81.15-81.2. As per the retracements, once it sustains above 80.8, then next major resistance is around 82.5-83 area. Immediate support is around 80.2 now. Some short-term trendlines suggest a breakout already. So, I'll be looking at around 81.2 breakout for some confirmation. Else, I'll think that the index could test 80.2 before deciding on further course.... |
great. matches somewhat with my reading. |
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pkholla Black Belt
Joined: 04 Nov 2010 Posts: 2890
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Post: #343 Posted: Thu Jan 10, 2013 9:32 am Post subject: |
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Chavez is already dead. His host Castro is already brain dead. All will be revealed by 15th! Prakash Holla |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #344 Posted: Thu Jan 10, 2013 9:38 am Post subject: |
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pkholla wrote: | Chavez is already dead. His host Castro is already brain dead. All will be revealed by 15th! Prakash Holla |
There are many who think that Chavez is already dead and the state wont be disclosing it before his predecessor is selected.
Or will he rise like a phoenix?? |
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psalm Black Belt
Joined: 12 Nov 2011 Posts: 5368
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Post: #345 Posted: Thu Jan 10, 2013 9:39 am Post subject: |
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I wont be surprised if the market tests 6013-6017 area again....either today tomorrow...but will be surprised if it closes above 6010 levels...or even above 5993 levels...anyway, let's wait and see... |
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