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Nifty View - July '15 Series |
vinay28
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Joined: 24 Dec 2010
Posts: 11748
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Post: #46  Posted: Thu Jul 02, 2015 3:06 pm Post subject: |
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| NR109 day today. So huge move expected in next 1-2 days. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #47 Posted: Thu Jul 02, 2015 6:53 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Friday (03/07/15) and beyond
Supports are at about 8425, 8410, 8401, 8381, 8370, 8353, 8331, 8306 and 8292 while resistances are at about 8453, 8472, 8499, 8521 and 8577. Unfilled gap on lower side is at about 8368 while 200/100 dma are at about 8376/8472. Two +WWs can give about 8545 and 8585 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8402 (if below 8452) and 8355 (if below 8487) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8680 if nifty sustains above 8400.
Nifty fell after making a higher high, remained in a tight range and closed below 8450 and again below 100 dma. The bearish div continues and hence we may see some fall. Only a break above 8505 and a close above 8459 may take nifty up further. If it sustains below 8400, it may fall more. Thursday was a NR109 day and we may see huge moves in coming days. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully considering the referendum in Greece on Sunday. |
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anusantosh
White Belt
Joined: 19 Jun 2011
Posts: 105
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| Post: #48 Posted: Thu Jul 02, 2015 8:35 pm Post subject: |
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| vinay28 wrote: | | NR109 day today. So huge move expected in next 1-2 days. |
Huge move in what direction? What is NR 109 day? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #49 Posted: Thu Jul 02, 2015 8:45 pm Post subject: |
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| anusantosh wrote: | | vinay28 wrote: | | NR109 day today. So huge move expected in next 1-2 days. |
Huge move in what direction? What is NR 109 day? |
anusantosh, hopefully up though I won't rule out a fall of about 120 tmrw. There is hope if it crosses above 8490/8505 and/or close above 8459 tmrw. It depends on what happens in greece on sunday. If news is bad, it may fall much more. If news from greece is good, I am not ruling out 8700+ next week.
I feel it is best to be hedged by tmrw. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #50 Posted: Fri Jul 03, 2015 10:00 am Post subject: |
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| First hurdle of 8490 crossed. Now waiting for 8505. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #51 Posted: Sat Jul 04, 2015 12:20 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Monday (06/07/15) and beyond
Supports are at about 8466, 8440, 8395, 8353, 8284 and 8258 while resistances are at about 8514, 8543 and 8577. Unfilled gap on lower side is at about 8368 while 200/100 dma are at about 8379/8469. Four +WWs can give about 8541, 8570, 8596 and 8645 (+WWs with higher targets are not mentioned as of now). Six -WWs can give about 8453 (if below 8513), 8441 (if below 8532), 8418 (if below 8482), 8402 (if below 8462) and 8356/8290 (if below 8493) (-WWs with lower targets are not mentioned as of now). An IHnS can give at least 8680 if nifty sustains above 8400.
Nifty rose again and closed above 8450 and also above 100 dma, the highest close since 17/04. Daily candle is bullish engulfing and weekly candle is also good, which is bullish. However, the bearish div continues. If it breaks above 8505 and closes above 8527. it will go up further. If it breaks below 8370, it may fall more. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #52 Posted: Mon Jul 06, 2015 11:27 am Post subject: |
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| amitagg wrote: | bank nifty may hit 18800 approx. resistance.....and stall Nifty uptrend after shorts square off their positions closer to AFTER 8500.
Since we have had a lower high lower low formation since 9100......break of 8500 would give first higher high......likely
in that case, it shall pull back (more likely)....down towards 8300/ 8100, to confuse the long term / medium term trend.
my view. |
nearer to 8500 and near BN 17500 the reaction has come.....till NS above 8380 first support ......no harm done for the uptrend.... move past 8440 would push towards 8480....and only above can uptrend resurrect.
short sellers should not be too eager to sell just now..... |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #53 Posted: Mon Jul 06, 2015 2:31 pm Post subject: |
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| 2nd time in 2 weeks -90 opening and then ending into green... |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #54 Posted: Mon Jul 06, 2015 6:29 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | bank nifty may hit 18800 approx. resistance.....and stall Nifty uptrend after shorts square off their positions closer to AFTER 8500.
Since we have had a lower high lower low formation since 9100......break of 8500 would give first higher high......likely
in that case, it shall pull back (more likely)....down towards 8300/ 8100, to confuse the long term / medium term trend.
my view. |
nearer to 8500 and near BN 17500 the reaction has come.....till NS above 8380 first support ......no harm done for the uptrend.... move past 8440 would push towards 8480....and only above can uptrend resurrect.
short sellers should not be too eager to sell just now..... |
Just after..... The kick......target 8640-8680 (likely latter) now . Stop 8440. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #55 Posted: Mon Jul 06, 2015 7:02 pm Post subject: |
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| Please post in a new thread if you want to make your own level updates and big posts. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #56 Posted: Mon Jul 06, 2015 7:07 pm Post subject: |
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| Missed by 5 points... Closed 8522 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #57 Posted: Mon Jul 06, 2015 7:21 pm Post subject: |
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| apka wrote: | | 2nd time in 2 weeks -90 opening and then ending into green... |
sold all my calls near EOD because (a) 8515/8526NS/NF were day's R1 levels, which were coming too close to EOD for R2 being reached, (b) close seemed certain to be below 8527NS/8563NF, which turned out to be a correct guess, (b) money flow continued to be -ve for 2nd day in a row, (c) if it sustains below 8525, targets are 8470/8450/8435/8380, (d) I feel it will consolidate remaining part of the week to kill option premium and (e) I am out tmrw and won't be able to track frequently.
Having said the above, close above 8527 will be good, even if it has to wait for Friday. I also feel I will get a chance to buy at good levels again. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #58 Posted: Mon Jul 06, 2015 7:27 pm Post subject: |
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| How do you determine last 2 days saw money outflow ? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #59 Posted: Mon Jul 06, 2015 8:47 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Tuesday (07/07/15) and beyond
Supports are at about 8480, 8445, 8427, 8406, 8392, 8333 and 8287 while resistances are at about 8575, 8590, 8628, 8695 and 8786. Unfilled gap on lower side is at about 8368 while 100 dma are at about 8469. Four +WWs can give about 8578, 8596, 8639 and 8720 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8450 (if below 8515), 8440 (if below 8535), 8415 (if below 8485) and 8380 (if below 8525) (-WWs with lower targets are not mentioned as of now). An IHnS can give at least 8680 if nifty sustains above 8400.
Nifty rose sharply in spite of a huge gap down open and closed above 8500 but not above the crucial level of 8527. Daily candle is big, bullish Marubuzo. However, the bearish div continues. If it closes above 8527, it will go up further. If it breaks below 8445, it may fall more. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #60 Posted: Tue Jul 07, 2015 1:11 pm Post subject: |
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time to close longs??  |
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