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 (29/12/14) and beyond

Supports are at about 8194, 8171, 8150 and 8107 while resistances are at about 8241, 8281, 8339 and 8380. A previous unfilled gap on lower side is at about 8029. Four +WWs can give about 8242 (if above 8131), 8258 (if above 8188), 8270 (once above 8211) and 8361 (once above 8220). (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8159 (if below 8202), 7987 (once below 8165) and 7836 (if below 8200) (-WWs with lower targets are not mentioned as of now). Two IHnS can give about 8460/8600 once above 8300/8385.

Nifty closed flat and just at 8200. Though lower levels such as 8100/8000 now look possible, if it sustains below 8100, we can see a major fall. However, the bullish div that developed over last few months remains and only an equally sharp reversal can save nifty. Also, there is a small +ve div and we may see an upmove on Monday. A reversal can only be confirmed if 31/12 closes above at least 8391. But only a close above 8589 can lead to a new high. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Range of NS till 23/01 assuming constant vix

8529.70-7818.50

[riteshucha]

both NS / NF open low same... 8300 CE open low same...
keep long with SL at NS low...

[vinay28]

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

Nifty for Tuesday (30/12/14) and beyond

Supports are at about 8214, 8182 and 8110 while resistances are at about 8279, 8312, 8328 and 84550. A previous unfilled gap on lower side is at about 8200. Five +WWs can give about 8271 (if above 8232), 8290 (once above 8250), 8312 (if above 8144) and 8357/8407 (if above 8225). (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8117 (once below 8233) and 7833 (if below 8185) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8365 once above 8275. A ST can give about 8600/7960 in case of a BO/BD above/below 8290/8190 resp.

Nifty rose after a gap up open and closed just below 8250. If it sustains below about 8180, we can see more fall. However, the bullish div that developed over last few months remains and only an equally sharp reversal can save nifty. A reversal may be confirmed if 31/12 closes above at least 8391. But only a close above 8589 can lead to a new high. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

ST -target 8600/7960 in case of a BO/BD above/below 8290/8190.

[vinay28]

a new +ww can give 8309 if NS remains above 8240.

[ragarwal]

thnx vinay for the regular updates

[vinay28]

[riteshucha]

NF 8267 is crucial.. shldnt break that... BNF looks firm..

[PS Trader]

Thought Nifty spot not breaking morning low, PUTs are making new highs, especially the 7600 PE .

[riteshucha]

yes was wondering was the same... i guess because vix is rising....

appears like good buying happening in 8200 PE too,.... confusing since bnf rose a good 200 points from low...

[PS Trader]

[ap210585]

Max CE OI change for 9000 Strike

[vinay28]

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

Nifty for Wednesday (31/12/14) and beyond

Supports are at about 8245, 8220 and 8197 while resistances are at about 8269, 8294, 8328 and 8372. A previous unfilled gap on lower side is at about 8200. Five +WWs can give about 8291 (if above 8214), 8370 (if above 8233), 8337/95 (if above 8241) and 8407 (once above 8279). (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8100 (if below 8300) and 8068 (if below 8376) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8365 once above 8275. A ST can give about 8600/7960 in case of a BO/BD above/below 8290/8190 resp.

Nifty fell a bit and closed just below 8250. Daily candle is a hanging man but not at the top of an uptrend. However, if it doesn't cross 8280 on Wednesday, it may fall. If it sustains below about 8190, we can see more fall. However, the bullish div that developed over last few months remains and only an equally sharp reversal can save nifty. Wednesday's close is important as it is a monthly, quarterly and yearly close. Only a close above 8589 can lead to a new high. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

at last 8280