iCharts Discussions

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Tuesday (28/07/15) and beyond

Supports are at about 8311, 8260 and 8230 while resistances are at about 8405, 8445/53/63, 8480, 8543, 8560 and 8575. An unfilled gap on higher/lower sides are at about 8522/8174 while a previous low is about 8315. 50/100/200 dma are at about 8343/8415/8426 resp. Two +WWs can give about 8436/8500 (if above 8366) (+WWs with higher targets are not mentioned as of now). A -WW can give 8250 (-WWs with lower targets are not mentioned as of now). A rising wedge break down can give about 8250.

Nifty fell sharply again and closed below 8400 and more importantly below 100/200 dma and just above 50 dma. Only hope for bulls is a bullish div that has developed. If buying resumes, the reversal can be very sharp. A close above 8530 will be the first sign of likelihood of further upmove while a close below 8318 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Wednesday (29/07/15) and beyond

Supports are at about 8305, 8275, 8260, 8240 and 8216 while resistances are at about 8355/67, 8385, 8405, 8438, 8455/65, 8490 and 8560. An unfilled gap on higher/lower sides are at about 8522/8174 while a previous low is about 8315. 50/100/200 dma are at about 8342/8420/8417 resp. Two +WWs can give about 8405 (if above 8341) and 8452 If above 8416) (+WWs with higher targets are not mentioned as of now). A -WW can give 8245 (-WWs with lower targets are not mentioned as of now). A rising wedge break down can give about 8250.

Nifty fell again and closed below 8350 and more importantly below 50 dma. Also, 100 dma closed below 200 dma and looks like quite bearish. The only hopes for bulls are a +ve div on lower tf and the bullish div on daily chart. Also, money flow is again looking up. If buying resumes, the reversal will be very sharp. A close above 8511 will be the first sign of likelihood of further upmove while a close below 8318 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Thursday (30/07/15) and beyond

Supports are at about 8365/56, 8345, 8320, 8255 and 8240 while resistances are at about 8395, 8405/10, 8430, 8450/60, 8477 and 8560. An unfilled gap on higher/lower sides are at about 8522/8174 while a previous low is about 8315. 50/100/200 dma are at about 8342/8420/8417 resp. Two +WWs can give about 8415 (if above 8339) and 8564 (if above 8354) (+WWs with higher targets are not mentioned as of now). Two -WWs can give 8331 (if below 8389) and 8237 (-WWs with lower targets are not mentioned as of now). A rising wedge break down can give about 8250.

Nifty remained in a tight range after a gap up open and closed +ve above 8350 and 50 dma. 100 dma remains below 200 dma and nifty doesn't seem to be out of the woods yet. However, daily candle is an inside bar and like a hammer and bullish harami with strong +ve volume. Also, the bullish div on daily chart persists and we may see a sharp reversal. A close above 8511 will be the first sign of likelihood of further upmove while a close below 8318 can mean more pain. Wednesday had the smallest range since 15/01 and we may see very big moves in next few days. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, trade carefully.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Friday (31/07/15) and beyond

Supports are at about 8416, 8400, 8389/75, 8323, 8270 and 8253 while resistances are at about 8432, 8453, 8466, 8486, 8506 and 8560. Unfilled gaps on higher/lower side are at about 8522/8375 while a previous low is about 8315. 50/100/200 dma are at about 8341/8409/8422 resp. Two +WWs can give about 8493 and 8566 (if above 8352) (+WWs with higher targets are not mentioned as of now). Three -WWs can give 8398 (if below 8466), 8330 (if below 8390) and 8235 (-WWs with lower targets are not mentioned as of now). A rising wedge break down can give about 8250.

Nifty reacted after a gap up open and closed flattish above 8400 and also above 50/100 dma but fractionally below 200 dma. 100 dma still remains below 200 dma and nifty doesn't seem to be out of the woods yet. Daily candle is an inverted hammer but may not be bearish, not being at the top of an uptrend. Also, the bullish div on daily chart persists and we may see a sharp reversal. On a daily basis, a close above 8511/8530 is required for further upmove. On a weekly basis, a close above 8435 is a must and above 8522 preferred while on a monthly basis a close above 8369 is a must and above 8434 preferred. A close below 8368/60 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

I feel recent low (about 8320) may be bottom for rest of the year. Immediate target being 8800+ and next 9400.

swamy@20 · White Belt Joined: 26 Mar 2012 Posts: 17

News from www.tehlka.com

SEBI and NSE raised warnings against ICICI BANK and its Broking company ICICI SECURITIES for manipulating stock markets High beta bank stocks via dummy "pool account with forged KYC Fake address and Dubious bank acvounts".

Biggest stock market deivative manipulation in the world.

Yesterday NIFTY July 2015 contract 8400 strike Put option written by ICICI securities to the tune of 78,000 crore and eroded all retail clients premium and pocketed Rs78,000 crore.

SEBI searching Nifty option writers wherabouts.

Warning by Sebi chairman sinha related stock manipulation like big blue chip stocks like icici bank axis bank TCS infosys shares by internal company bank employees.

https://in.finance.yahoo.com/…/sebi-chief-warns-companies - copy paste - for alertness of retail traders

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

swamy@20 · White Belt Joined: 26 Mar 2012 Posts: 17

I do not know vinay but any comments from ur side is welcome

chandrujimrc · Brown Belt Joined: 21 Apr 2009 Posts: 1683

NIFTY 30-Jul-2015 30-Jul-2015 PE 8,400.00 65,38,667.38

On 30/07/2015 total turnover of 8400 PE is RS 65386.67crore, Where is the question of 78000Crore by ICICI Bank alone.