iCharts Discussions

[chandrujimrc]

Vinay, we can call it as Modi gap.

[vinay28]

[satishkadam]

[vinay28]

If nifty falls, likely levels are shown. If, however, it gives 3 consecutive closes above 50dma (presently around 8330), it can go up towards new high.

[EssJay]

[riteshucha]

vinay, some say that the flash low of 8000 will be touched again soon before 15/16th jan...

but there are some who say that the low has already been made for the series...

what do u think...

[vinay28]

[vinay28]

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

Nifty for Friday (09/01/14) and beyond

Supports are at about 8212, 8184 and 8138 while resistances are at about 8270, 8292, 8316, 8341 and 8361. Previous unfilled gaps on higher/lower sides are at about 8379/8102 resp. Two +WWs can give 8291 (if above 8209) and 8370 (if above 8150) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8008 and 7915 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7665 if nifty breaks below 8060.

Nifty rose in spite of a huge gap up open and closed well above 8200 and above 100 dma and seems to be headed higher. However, a mild bearish div has developed and will not go unless nifty crosses 8328. Also, only 3 consecutive close above 50 dma (presently at about 8330) can see further up move. A close above 8294 on Friday will give a hammer on weekly but a close above 8300/8324/8337 will be a bonus to bulls. On the other hand, a sharp reversal from the Friday's high and/or a close below 100 dma (presently about 8136) may start the slide again. Only a break of 8446 on the up may give some hope for a new high. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Updated NF levels.

[PS Trader]

World markets are thick green now

SGX Nifty trades @ 8333 above the important level you mentioned.

Let us see whether we can hold that level by closing basis eod.

[vinay28]

[saurabhkurichh]

silently minting money these days ??

[vinay28]

[vinay28]

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

Nifty for Monday (12/01/14) and beyond

Supports are at about 8269, 8259, 8215 and 8144 while resistances are at about 8291, 8329, 8341, 8341, 8373 and 8405. Previous unfilled gaps on higher/lower sides are at about 8379/8102 resp. 100/50 dma are at about 8144/8333 resp. A +WW can give 8422 (if above 8212) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8175 (if below 8317), 8107 (if below 8217) and 7995 (if below 8347) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7675 if nifty breaks below 8075.

Nifty recovered after a sharp fall to close well above 8250 and seems to be headed higher. Daily candle is a long legged doji cum hammer (hanging man) while weekly candle is bearish engulfing with a mild -ve div. Hence, some fall is expected next week. A gap down open on Monday and a breach of 8190 later will be the first warning. Breach of 8065 and/or a close below 100 dma (8144) next week can also be very bearish. On the other hand, crossing 8328 will negate the mild bearish div seen for a few days. Also, only 3 consecutive close above 50 dma (presently at about 8333) can see further up move. Global and local eco-political events can have a bearing on how nifty moves in short term.

[riteshucha]

shorted at 8311 SL 8337... will reverse above 8351...