iCharts Discussions

[saurabhkurichh]

[saurabhkurichh]

though a bit offtpoic but some possibilities in the budget

1. higher infra spending

2. renewable energy impetus

3. make in india guidelines

any thing from ur side ? Some changes in tax structure / capital gains from property etc to be changed ?

When is RBI meet ?

[vinay28]

[vinay28]

Margins for Fut positions and option selling positions will be higher by extra 25% on 28/02. margins for overnight positions on 27/02 and 28/02 will also be higher.

[saurabhkurichh]

thanks vinay for both ur posts. In the meanwhile :- nifty sideways. After budjet another factor affecting banks wud be the RBI policy

[vinay28]

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

Nifty for Tuesday (24/02/14) and beyond

Supports are at about 8726, 8712, 8704 and 8653 while resistances are at about 8787, 8838, 8847, 8901, 8920 and 8956. A previously unfilled gap on lower side is at about 8711. Three +WWs can give about 8880/8925 (once above 8805) and 8964 (if above 8747) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8709, 8593 and 8415 (if below 8835) (-WWs with lower targets are not mentioned as of now). A bullish flag can give higher level unless killed below 8700. A right angled, ascending broadening formation can give about 8700 .

Nifty fell sharply but just managed to close above the crucial level of 8750. However, further fall is likely unless it reverses sharply. Only a close above 8952 can take it to a new high. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as we can see wild swings due to rising vix in view of expiry and budget this week.

[saurabhkurichh]

thanks vinay

[vinay28]

[AMBY]

THANKS FOR EARLY WARNING.

[vinay28]

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

Nifty for Wednesday (25/02/14) and beyond

Supports are at about 8725, 8715 and 8689 while resistances are at about 8781, 8800, 8837, 8847, 8901 and 8967 A previously unfilled gap on lower side is at about 8711. Three +WWs can give about 8804 (if above 8731) and 8912/59 (once above 8765) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8704, 8575 and 8400 (-WWs with lower targets are not mentioned as of now). A bullish flag can give higher level unless killed below 8700. A right angled, ascending broadening formation can give about 8700 .

Nifty fell again but recovered to close above the previous close i.e. again above the crucial level of 8750. Daily candle is a doji and there is a +ve div. Hence, some recovery is likely. Tuesday was a NR7 day and we may see a big move on Wednesday. It now appears that about 8800 and 8735 are BO/BD levels. First hint of bullishness is a close above 8834 but only a close above 8953 can take it to a new high. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as we can see wild swings due to rising vix in view of expiry and budget this week.

[riteshucha]

8900 PE open high same at 115,
NS/NF may touch 8785/8790 on the downside (good buying area) .... SL below 8763
NF crossing above 8860, we may see 8900+ today only

[saurabhkurichh]

over day high see it atleast touvhing 8935 around ( prev esistance )

[riteshucha]

if it breaks 8763, go short...

[amitagg]

[vinay28]

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

Nifty for Thursday (26/02/14) and beyond

Supports are at about 8732, 8726, 8717 and 8697 while resistances are at about 8787, 8822, 8847, 8876 and 8901. A previously unfilled gap on lower side is at about 8711. Six +WWs can give about 8840 (once above 8772), 8861 (if above 8725, which is yet to be reached), 8800/8890/9000 (if above 8756) and 8953 (if above 8743) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8557, 8485 and 8372 (-WWs with lower targets are not mentioned as of now).

Nifty fell again after a gap up open but again closed above the previous close and above the crucial level of 8750. First hint of bullishness is a close above 8834 but only a close above 8953 can take it to a new high. A close below about 8700 may mean more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as we can see wild swings due to rising vix in view of today being an expiry day and budget this weekend.