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Nifty View - January Series 2014 |
chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #136  Posted: Mon Jan 06, 2014 6:57 pm Post subject: |
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Dear vinay,
As per your chart,I think H&S neckline already broken. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #137 Posted: Mon Jan 06, 2014 7:18 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
As per your chart,I think H&S neckline already broken. |
Chandru, if you see earlier chart you will notice that it's not necessarily the HnS that governs the price movement. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #138 Posted: Mon Jan 06, 2014 8:21 pm Post subject: |
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| Vinay 28:If you could please let me know the immediate 2 levels to watch out for break down or break out as per the chart...for break down if 6130 on nifty spot get's broken on EOD basis then the markets will fall further to what level u feel...i can see lots of level above 6300 if their is a breakout but if their is a breakdown below 6130 or so then is 5600-5700 on the cards..please give me your view |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #139 Posted: Mon Jan 06, 2014 8:27 pm Post subject: |
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| yashrahul wrote: | | Vinay 28:If you could please let me know the immediate 2 levels to watch out for break down or break out as per the chart...for break down if 6130 on nifty spot get's broken on EOD basis then the markets will fall further to what level u feel...i can see lots of level above 6300 if their is a breakout but if their is a breakdown below 6130 or so then is 5600-5700 on the cards..please give me your view |
max 5970 or further below it..please reply |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #140 Posted: Mon Jan 06, 2014 8:51 pm Post subject: |
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| yashrahul wrote: | | Vinay 28:If you could please let me know the immediate 2 levels to watch out for break down or break out as per the chart...for break down if 6130 on nifty spot get's broken on EOD basis then the markets will fall further to what level u feel...i can see lots of level above 6300 if their is a breakout but if their is a breakdown below 6130 or so then is 5600-5700 on the cards..please give me your view |
yashrahul - I wish I had the answer to your question. But let me try
first of all no nearby level will now give a +ve div on rsi if one were to attempt to predict a reversal. 6129 is just a previous level and so is 5972. But market can reverse from anywhere, even from today's low. So, I will assume that market will fall further if today's low or worse case about 6150 doesn't hold. That's why I posted the chart with likely levels in case nifty follows the previous trend. The last time I had posted similar chart, it had given targets. Even if it reverses from here, it must close above 6295 otherwise it will come down to 6180 again before going into higher orbit. Just for info. as per neo-wave theory (which I don't understand), 6043NS must hold.
One thing seems certain. Even if it goes down, bullish trend is not broken. For latter to happen, much lower levels are required. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #141 Posted: Mon Jan 06, 2014 9:05 pm Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | Vinay 28:If you could please let me know the immediate 2 levels to watch out for break down or break out as per the chart...for break down if 6130 on nifty spot get's broken on EOD basis then the markets will fall further to what level u feel...i can see lots of level above 6300 if their is a breakout but if their is a breakdown below 6130 or so then is 5600-5700 on the cards..please give me your view |
yashrahul - I wish I had the answer to your question. But let me try
first of all no nearby level will now give a +ve div on rsi if one were to attempt to predict a reversal. 6129 is just a previous level and so is 5972. But market can reverse from anywhere, even from today's low. So, I will assume that market will fall further if today's low or worse case about 6150 doesn't hold. That's why I posted the chart with likely levels in case nifty follows the previous trend. The last time I had posted similar chart, it had given targets. Even if it reverses from here, it must close above 6295 otherwise it will come down to 6180 again before going into higher orbit. Just for info. as per neo-wave theory (which I don't understand), 6043NS must hold.
One thing seems certain. Even if it goes down, bullish trend is not broken. For latter to happen, much lower levels are required. |
Vinay28:Thanks as always.. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #142 Posted: Mon Jan 06, 2014 10:08 pm Post subject: |
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| incidentally, I am expecting a reversal tmrw with nifty going at least 90 above today's/tmrw's low. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #143 Posted: Tue Jan 07, 2014 10:25 am Post subject: |
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| even though NS made a low of 6144.75, 5tf closed above 6150 as of now. Keeping fingers crossed. 6129 is next reference level. Hopefully we will see a +ve div soon. It is already there on lower tf but needs to develop on higher ones. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #144 Posted: Tue Jan 07, 2014 10:34 am Post subject: |
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| If nifty continues to recver, two +WWs can give 6206/40NS. |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #145 Posted: Tue Jan 07, 2014 10:40 am Post subject: |
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| vinay28 wrote: | | even though NS made a low of 6144.75, 5tf closed above 6150 as of now. Keeping fingers crossed. 6129 is next reference level. Hopefully we will see a +ve div soon. It is already there on lower tf but needs to develop on higher ones. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #146 Posted: Tue Jan 07, 2014 11:01 am Post subject: |
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| yashrahul wrote: | | vinay28 wrote: | | even though NS made a low of 6144.75, 5tf closed above 6150 as of now. Keeping fingers crossed. 6129 is next reference level. Hopefully we will see a +ve div soon. It is already there on lower tf but needs to develop on higher ones. |
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why the shock? It is in continuation with what I posted yesterday. It has to remain above 6166/72 to give ww targets mentioned earlier. If it recovers, we may also see at least 90 above today's low. |
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thalapathy
White Belt
Joined: 04 Mar 2013
Posts: 27
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| Post: #147 Posted: Tue Jan 07, 2014 11:08 am Post subject: Real threat.... |
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| If nifty spot closes below 6168.35..... eod |
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yashrahul
Yellow Belt
Joined: 29 Jun 2013
Posts: 512
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| Post: #148 Posted: Tue Jan 07, 2014 11:32 am Post subject: |
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| vinay28 wrote: | | yashrahul wrote: | | vinay28 wrote: | | even though NS made a low of 6144.75, 5tf closed above 6150 as of now. Keeping fingers crossed. 6129 is next reference level. Hopefully we will see a +ve div soon. It is already there on lower tf but needs to develop on higher ones. |
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why the shock? It is in continuation with what I posted yesterday. It has to remain above 6166/72 to give ww targets mentioned earlier. If it recovers, we may also see at least 90 above today's low. |
I am shocked as options data doesn't suggest so at this given time it may change in the later half of the day i don't know...but i always believe in your predictions..hence i cut my put which i had bought in the morning and out of the profit bought deep otm put..even if the market bounces from here i lose my profits and not my capital...but i continue to remain bearish with 5900 or below as target... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #149 Posted: Tue Jan 07, 2014 11:36 am Post subject: |
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| yashrahul wrote: | | I am shocked as options data doesn't suggest so at this given time it may change in the later half of the day i don't know...but i always believe in your predictions..hence i cut my put which i had bought in the morning and out of the profit bought deep otm put..even if the market bounces from here i lose my profits and not my capital...but i continue to remain bearish with 5900 or below as target... |
I don't know what the premiums are but it may be safer to buy Feb OTM puts rather than Jan. e.g. 6000pe. I hope you don't curse me if I go wrong.  |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #150 Posted: Tue Jan 07, 2014 11:50 am Post subject: |
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| vinay28 wrote: | | If nifty continues to recver, two +WWs can give 6206/40NS. |
What time frame
Candle time point 1 |
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