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Nifty View - January Series 2014 |
amitagg
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Joined: 01 Oct 2013
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Post: #211  Posted: Fri Jan 10, 2014 6:34 pm Post subject: |
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| vinay28 wrote: | | amitagg wrote: | | vinay28 wrote: | that's true apka, but very few elections matter to the markets but none lke ours. 
by the way, today's candle is very interesting. Also, nifty movement shows remarkable similarity with 09-10. |
09-10: Vinay pls elaborate a bit for benefit of all so we don't have to do guesswork |
9-10 movement showed that a rising nifty seemed to be forming a rounded top but before it could form, it zoomed up. Same thing has been happening. Two charts are attached. Granted that it doesn't have to happen.
By the way, as regards today's candle, first is that it's a doji showing uncertainty and then it engulfs five previous candles while being in a downtrend. Add to that a hidden div for some days and a mild +ve div today. People like chandru may accuse me to be biased but then I can't ignore such tell-tale signs. |
Point everyone should make note off...markets may deceive (and suggest bearishness) before rallying smartly one way (not a slow rise)..since 4-5 months have been stagnant...your point is very interesting and even more your memory... |
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vinay28
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Joined: 24 Dec 2010
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| Post: #212 Posted: Fri Jan 10, 2014 6:37 pm Post subject: |
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| danke amit |
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vinay28
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| Post: #213 Posted: Fri Jan 10, 2014 6:46 pm Post subject: |
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| I am going out now but if I get time tmrw, I will repost the same charts showing why nifty went up then and why it may do so this time also. I had posted them a year ago for giving some example. |
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apka
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Joined: 13 Dec 2011
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| Post: #214 Posted: Fri Jan 10, 2014 8:54 pm Post subject: |
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USD/INR futures 61.470 -0.565 -0.91%
a 50 paise movement overnight normally confirms the movement for next day in nifty.
food prices have dropped, so i guess that will have an effect in reducing inflation figures and like amit said inturn anticipation for no rake hike by rbi. |
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rk_a2003
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Joined: 21 Jan 2010
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| Post: #215 Posted: Fri Jan 10, 2014 9:19 pm Post subject: |
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| apka wrote: | USD/INR futures 61.470 -0.565 -0.91%
a 50 paise movement overnight normally confirms the movement for next day in nifty.
food prices have dropped, so i guess that will have an effect in reducing inflation figures and like amit said inturn anticipation for no rake hike by rbi. |
SGX Nifty up 37 points at 6217. |
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vinay28
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| Post: #216 Posted: Sat Jan 11, 2014 11:28 am Post subject: |
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| The two charts posted again after some editing and addition. Make your own judgement. Basic concept is to emphasize power of (what I feel is a) hidden div over -ve div. Some may argue that it has already yielded its result this time. Important thing to note is that this concept doesn't preclude possibility a further fall before another rapid rise, if any. |
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vinay28
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| Post: #217 Posted: Sat Jan 11, 2014 3:50 pm Post subject: |
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| Chart of zones for ready reference |
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vishyvaranasi
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Joined: 11 Jul 2011
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| Post: #218 Posted: Sat Jan 11, 2014 4:28 pm Post subject: |
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| vinay28 wrote: | | Chart of zones for ready reference |
By the way Vinay is it a hourly chart? |
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vinay28
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| Post: #219 Posted: Sat Jan 11, 2014 4:36 pm Post subject: |
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| vishyvaranasi wrote: | | vinay28 wrote: | | Chart of zones for ready reference |
By the way Vinay is it a hourly chart? |
yes vishy, so that it is sharper, considering period covered. |
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saumya12
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Joined: 21 Dec 2011
Posts: 1509
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| Post: #220 Posted: Mon Jan 13, 2014 11:49 am Post subject: |
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Why there is so much silence in the thread.
A CnH in NF 60 min tf |
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vinay28
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| Post: #221 Posted: Mon Jan 13, 2014 12:22 pm Post subject: |
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| saumya12 wrote: | Why there is so much silence in the thread.
A CnH in NF 60 min tf |
as far as I am concerned, I am tied down by domestic chores and the dog. But I haven't forgotten you!  |
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manojkr78
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| Post: #222 Posted: Mon Jan 13, 2014 1:27 pm Post subject: |
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vinay,
any specific levels nifty has to break or close above today for any further upmove??? |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #223 Posted: Mon Jan 13, 2014 1:34 pm Post subject: |
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| manojkr78 wrote: | vinay,
any specific levels nifty has to break or close above today for any further upmove??? |
first is a close above 6250. then 6292. BUT even 6360 is not safe for bulls. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #224 Posted: Mon Jan 13, 2014 1:38 pm Post subject: |
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| banknifty must contribute along with oil&gas and LT |
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manojkr78
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Joined: 07 Mar 2011
Posts: 1014
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| Post: #225 Posted: Mon Jan 13, 2014 2:21 pm Post subject: |
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| okies.... |
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