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Nifty View - July '15 Series |
vinay28
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Post: #1  Posted: Thu Jun 25, 2015 7:20 pm Post subject: Nifty View - July '15 Series |
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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 (26/06/15) and beyond
Supports are at about 8383, 8343/35, 8306 and 8289 while resistances are at about 8438/47 and 8478. An unfilled gap on higher side is at about 8459. Previous highs are about 8468/90, 200/100 dma are at about 8368/8489 and 50 wma is at about 8289. Four +WWs can give about 8470, 8493, 8506 and 8568 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8381/20 (if below 8424) and 8272/49 (if below 8449) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8650 if nifty sustains above 8290.
Nifty rose sharply after making a lower low to close strongly +ve but just below 8400 and again above 200 dma. Daily candle is bullish engulfing and "previous expiry series" candle is the fourth largest hammer in history, both signs being bullish. However, the bearish div on daily continues and we may see some reaction soon. Break above 8490 and a close above 8434/59 will take it up further while a close below 8319 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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apka
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| Post: #2 Posted: Fri Jun 26, 2015 7:31 pm Post subject: |
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At the verge of deciding a short term trend it seems
China today SHANGHAI COMPOSITE - CHINA 4193.64 -334.14 -7.97 %  |
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vinay28
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| Post: #3 Posted: Fri Jun 26, 2015 7:39 pm Post subject: |
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| apka wrote: | At the verge of deciding a short term trend it seems
China today SHANGHAI COMPOSITE - CHINA 4193.64 -334.14 -7.97 % |
what's your problem? 
are you still trading? |
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apka
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| Post: #4 Posted: Fri Jun 26, 2015 7:42 pm Post subject: |
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Just 3-4 trades in June... Straight after Jan
What are you holding / targeting? |
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vinay28
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| Post: #5 Posted: Fri Jun 26, 2015 8:02 pm Post subject: |
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| apka wrote: | Just 3-4 trades in June... Straight after Jan
What are you holding / targeting? |
8600ce. hoping for 8900 but targeting fast 8660 |
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vinay28
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Posts: 11748
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| Post: #6 Posted: Sat Jun 27, 2015 3:59 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 (29/06/15) and beyond
Supports are at about 8387/76, 8350/44/35, 8318 and 8306 while resistances are at about 8403, 8414, 8425, 8447 and 8466. An unfilled gap on higher side is at about 8459. Previous highs are about 8468/90, 200/100 dma are at about 8370/8486 and 50 wma is at about 8289. Five +WWs can give about 8412/50 (if above 8352), 8478, 8527 and 8577 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8359/14 (if below 8426), 8229 and 8200 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8650 if nifty sustains above 8290.
Nifty rose after a fall but closed -ve below 8400 but again above 200 dma. Daily candle is a hanging man and an imperfect "high price" bearish harami, implying possibility of some consolidation. Weekly candle is bullish with good volume and money flow doesn't suggest a major fall in short term. However, the bearish div continues unless 8490 is crossed to begin with and, failing that, we may see some reaction soon. Break above 8490 and a close above 8434/59 will give hopes to bulls while a close below 8319 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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apka
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| Post: #7 Posted: Sat Jun 27, 2015 11:40 pm Post subject: |
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Copy paste from someone:
| Quote: | I mentioned this in my earlier post this year as well; historically, the 3rd year of the 2nd term of a US president marks a strong correction in markets. Let us look at extremely strong global market corrections over the last few years [Taking into account 2 consecutive terms of the US President]
Roosevelt started his presidential term in 1933 [when recovery from 1929 was underway] and extended and ended with World War 2
October 1987 - 2nd term of Ronald Reagon [President from Jan '81 to Jan '89]
October 2000 - 2nd term of Bill Clinton [President from Jan '93 to Jan '01]
October 2008 - 2nd term of George Washington Jr [President from Jan '01 to Jan '09]
Currently Obama is serving his 2nd term and is in his 3rd year!
I am only taking into account 2 consecutive terms of a US President over the last few years and global economic scenario. Truman was the only exception when there was no major economic collapse globally. All countries were trying to bounce back from the debacle of World War 2.
What is important is that there is 'statistical correlation' with 2nd consecutive terms of US presidents, especially in their 3rd years of the 2nd term. We are not blaming the presidents here for economic debacles - please that should not be the inference. As Naseb Taleb says in fooled by randomness, "Don't look for patterns in what could just be a cinnamon roll" |
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vinay28
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| Post: #8 Posted: Sun Jun 28, 2015 4:54 pm Post subject: |
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| apka wrote: | | Copy paste from someone: |
so when are you predicting a crash? |
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vinay28
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apka
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| Post: #10 Posted: Sun Jun 28, 2015 5:50 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | Copy paste from someone: |
so when are you predicting a crash? |
Me?  I don't think I'm capable enough to do that |
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apka
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| Post: #11 Posted: Mon Jun 29, 2015 8:21 am Post subject: |
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Sgx nifty 8,265.00 -110.50 -1.34%
Looks like raghus comment have not been taken lightly |
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vinay28
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| Post: #12 Posted: Mon Jun 29, 2015 8:26 am Post subject: |
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| apka wrote: | Sgx nifty 8,265.00 -110.50 -1.34%
Looks like raghus comment have not been taken lightly |
I may go long around 10.25. |
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pkholla
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Joined: 04 Nov 2010
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| Post: #13 Posted: Mon Jun 29, 2015 9:34 am Post subject: RR diarrhea |
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SENSATION!
The diarhhea occupies front page HEADLINES
Today's clarification is small item on middle page, that RR actually meant that Central Bankers are acting as if recession has come?
Why does RR have to open his mouth to the press. That is the job of politicians like NM. RR could give a speech in South Block to Modi, MMS, Pasta Queen, Mula, Ladoo, Amma, et al
Prakash Holla |
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apka
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Posts: 6137
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| Post: #14 Posted: Mon Jun 29, 2015 2:20 pm Post subject: |
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| rajnikant hit buy button |
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vinay28
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| Post: #15 Posted: Mon Jun 29, 2015 2:48 pm Post subject: |
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| apka wrote: | | rajnikant hit buy button |
tks for the appreciation. |
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