iCharts Discussions

[apka]

[vinay28]

updated chart

[vinay28]

friday-monday scene this expiry. A big gap down on Monday, if any, may prevent a repeatition.

[yashrahul]

[vinay28]

I intend to buy around 6198 unless it opens lower on monday.

[saumya12]

[vinay28]

danke saumya

[saumya12]

In an other thread a member seems to admit that he was waiting for 6700+ levels
In my view, he was not wrong

I myself was eager to look 6550+ levels on the basis of a pattern.
And NIFTY was moving in that direction, but 24th fall poured water on it.

Though that pattern has not failed yet, still open for the target 6525 - 6650, provided NIFTY doesnt go below 6150-40 levels but I am not hopeful for it looking at the international cues.

Now, a new bearish pattern is in formation,
If NS reaches 6155 levels and revert for few points (may be 100 or so max) only to fall further. The target of this fall may be around 5900
The cancellation point of this pattern is about 6400, may be little more.

Further a bearish pattern was in formation, since last many days and is in the final phase of completion. And if forms and doesnt revert, the target will be around 5700

I may add that I do not like to discuss, future/incomplete patterns but wrote a post on it, as I feel that the fall, after a certain level (may be 6020-5970), if reaches, may be severe.

Further the above contents are only for study purpose and please do not take any position on the basis of this post. As these are future/incomplete patterns and I may go wrong.

[apka]

From the HnS charts/levels I had posted...Bank of Baroda, Yes Bank, Kotak Bank have reached the 1st trgt.

Bank Nifty, IndusInd Bank almost touched their 1st trgts.

[SP50]

Vinay, can you please give an insight about going long now? looks like a pullback to around 6250 NF. Expiry should not be below 6200.

[pkholla]

[SP50]

[apka]

Australia, so that's why you've not been coming!

I'm looking at 6150 NF level... if breaks expecting 6030 before expiry.

[vinay28]

[SP50]