iCharts Discussions

[vinay28]

[vinay28]

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

Nifty for Wednesday (08/07/15) and beyond

Supports are at about 8475, 8441, 8411, 8392, 8363, 8308, 8287 and 8258 while resistances are at about 8519, 8554, 8577, 8590/97 and 8695. Unfilled gap on lower side is at about 8368 while 100 dma are at about 8469. Two +WWs can give about 8570 and 8600 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8455 (if below 8520), 8410 (if below 8490) and 8377 (if below 8540) (-WWs with lower targets are not mentioned as of now). An IHnS can give at least 8680 if nifty sustains above 8400.

Nifty made a higher high but couldn't sustain and closed -ve but above 8500. Daily candle is a doji indicating uncertainty and there is -ve div along with big volume. Hence we may see further fall. If it closes above 8527, it will go up further. If it closes below 8444, it may fall more. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

HANG SENG - HONG KONG 23516.56 -1458.75 -6.20 %

SHANGHAI COMPOSITE - CHINA 3506.78 -220.34 -6.28 %

TAIWAN WEIGHTED - TAIWAN 8976.11 -274.05 -3.05 %

It happens so fast.... still not much of a fall comparatively in nifty.

[vinay28]

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

Nifty for Thursday (09/07/15) and beyond

Supports are at about 8344, 8317/06, 8287, 8271, 8258, 8240 and 8216 while resistances are at about 8388/93, 8434 and 8505. Unfilled gap on lower side is at about 8368 while 100 dma are at about 8469. Two +WWs can give about 8459 (if above 8383) and 8480 (if above 8409) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). An IHnS can give at least 8890 if nifty sustains above 8570.

Nifty fell sharply in spite of a huge gap down open but managed to close above 8361. Unless it closes above 8398, it will not go up further. If it closes below 8318, it may fall more. Global and local eco-political events can have a bearing on how nifty moves in short term.

[NU2013]

[anusantosh]

Is that something like this ? - Unless it closes above 8398, it will not go up further. If it closes below 8318, it may fall more.

[vinay28]

tks guys, case of tongue of slip.

[apka]

[vinay28]

[amitagg]

running over in all....spared posting in your thread....but cant help...

[vinay28]

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

Nifty for Friday (10/07/15) and beyond

Supports are at about 8300/8293/87, 8271, 8258/48 and 8223 while resistances are at about 8351, 8366, 8379, 8394, 8428/35, 8461, 8478 and 8505. 200 dma is at about 8469. Four +WWs can give about 8380/8412/8446 (if above 8336) and 8464 (if above 8363) (+WWs with higher targets are not mentioned as of now). A -WW can give 8218 (-WWs with lower targets are not mentioned as of now). An IHnS can give at least 8890 if nifty goes and sustains above 8570.

Nifty fell again to close below 8350 and also below 200 dma again and looks bearish. However, there is a +ve div on lower tf and we may see some recovery. Unless it closes above 8398, it will not go up further. If it closes below 8318, it may fall more. Thursday was a NR4 day and we may a big range on Friday. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

Asia and Europe has recovered the fall from day before yesterday

[riteshucha]

bought at 8355 target new high... SAR 8326
sustaining above 8405 can take it to 8437

[amitagg]

[vinay28]