iCharts Discussions

[vinay28]

[vinay28]

waiting for NS to touch 8328.

[riteshucha]

reversed half,... waiting for 8316 area, will add another half... SL 8303.

[vinay28]

[vinay28]

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

Nifty for Tuesday (13/01/14) and above

Supports are at about 8290, 8265, 8232 and 8213 while resistances are at about 8360, 8391, 8437 and 8465. Previous unfilled gaps on higher/lower sides are at about 8379/8102 resp. 50 dma is at about 8339. A +WW can give 8440 (if above 8303) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8205 (once below 8305), 8132 (once below 8213) and 7837 (if below 8407) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7675 if nifty breaks below 8075.

Nifty rose sharply after an initial fall to close well above 8300 and seems to be headed higher. It also crossed 8328 and hence nullified the mild bearish div that had developed in last few days. To prevent another mild bearish div from developing, RSI on daily should not cross 56.33 if NS doesn't cross 8446. Now a close below 8284 will be the first warning signal for bulls. Sustaining above 8395 for a few days can result in further up move. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Updated NF levels.

[riteshucha]

above 8385 & below 8358 it shld easily gve 50 points... i feel...

[satishkadam]

[satishkadam]

[riteshucha]

booked fully 8285...

[vinay28]

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

Nifty for Wednesday (14/01/14) and beyond

Supports are at about 8290, 8265, 8209 and 8100 while resistances are at about 8308, 8349, 8360, 8379 and 8404. Previous unfilled gaps on higher/lower sides are at about 8379/8102 resp. 50 dma is at about 8342. A +WW can give 8472 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8125 (if below 8306) and 8105 (once below 8219) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7675 if nifty breaks below 8075.

Nifty fell sharply after an initial rise to close below 8300 and looks nervous. Daily candle is bearish piercing with mild -ve div. At the same time, there is also a mild bullish div formed today. Hence, uncertainty prevails. A close below 8284 will be the first warning signal for bulls while a close above 8395 can give hope to bulls. Global and local eco-political events 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 (15/01/14) and beyond

Supports are at about 8265, 8242, 8190 and 8084 while resistances are at about 8291, 8315, 8339, 8372 and 8465. Previous unfilled gaps on higher/lower sides are at about 8379/8102 resp. 50 dma is at about 8341. Two +WWs can give 8324/8362 (if above 8253) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8072 (once below 8219) and 8037 (if below 8328) (-WWs with lower targets are not mentioned as of now). A HnS can give about 8175 if nifty breaks and sustains below 8242.

Nifty fell again to close above 8250 and looks nervous. However, there is a mild bullish div and if we may see a reversal soon. Sustaining below about 8220 can cause more fall while only a close above 8395 can give hope to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

Sgx 8461 +135... What happened here suddenly from -40

[AjitS]

[vinay28]