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 (13/07/16) and beyond

Supports are at about 8488/59/44/33/09, 8371/25 and 8278 while resistances are at about 8546/62 and 8630. Unfilled gaps on the higher/lower side are at about 8707/8467. (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8450 (if below 8512) and 8286 (if below 8432) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty remains above 8000. A rising wedge can give about 8300 if nifty breaks and sustains below 8480.

Nifty opened up with a gap and rose further to close +ve and well above 8500. Daily candle is a spinning top and a likely evening star, to be confirmed by a red candle, preferably with a gap down open. There also a -ve div. Volume was, however, strong +ve. Hence, fall, if any, may be nominal. Nifty must close above 8589 to continue the rally while a close below 8467 may cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Thursday (14/07/16) and beyond

Supports are at about 8489/61/37/19, 8382/33 and 8307 while resistances are at about 8558/81 and 8649. Unfilled gaps on the higher/lower side are at about 8707/8467. A +WW can give about 8614 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8448 (if below 8514), 8386 (if below 8519) and 8290 (if below 8509) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty remains above 8000. A rising wedge can give about 8300 if nifty breaks and sustains below 8480.

Nifty opened up with a gap but couldn't sustain and fell to close -ve but above 8500. Daily volume was, however, strong -ve. There is also a -ve div and hence, we may see lower levels. Nifty must close above 8589 to continue the rally while a close below 8467 may cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

I feel today or tmrw, nifty should fall 130 from high. If so, it will signal the downtrend.

[amitagg]

[manojkr78]

vinay,

july 13-23 period high/low observation for 2016.....

so far 8595/8479....

manoj

[vinay28]

[vinay28]

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

Nifty for Friday (15/07/16) and beyond

Supports are at about 8543/27/19/09, 8483/72/44/19, 8382 and 8333 while resistances are at about 8581/94, 8616/23/55 and 8670. Unfilled gaps on the higher/lower side are at about 8707/8467. A +WW can give about 8616 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8524 (if below 8551), 8446 (if below 8516), 8384 (if below 8521) and 8286 (if below 8525) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty remains above 8000. A rising wedge can give about 8320 if nifty breaks and sustains below 8525.

Nifty opened flattish and rose further to close +ve and above 8550. Daily volume was, however, not commensurate. Hence, we may see some reaction soon. On daily basis, nifty must close above 8589/8634 and on weekly basis above 8565/8610 to continue the rally while a close below 8519 may cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[manojkr78]

sure vinay i will track and keep posting the high/low of that period....

[vinay28]

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

Nifty for Monday (18/07/16) and beyond

Supports are at about 8509/00, 8491/61, 8379 and 8336 while resistances are at about 8558/94, 8616/37 and 8654. Unfilled gaps on the higher/lower side are at about 8707/8467. A +WW can give about 8618 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8522 (if below 8553), 8448 (if below 8518), 8382 (if below 8523) and 8282 (if below 8527) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty remains above 8000. A rising wedge can give about 8320 if nifty breaks and sustains below 8525.

Nifty opened flat and rose to make a higher high but fell again to close -ve but below 8550. Daily candle is a doji with strong -ve volume and a -ve div. Hence, we may see some reaction. However, weekly volume is strong +ve and fall may not be major. Nifty must close above 8589/8634 to continue the rally while a close below 8519 may cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

hey vinay... you must have read the news... the 28 pages related to 9/11 attacks pointing towards saudi govt, conducted by US congressional report have been declassified 2 days back... Couple of months back US had passed a bill allowing US citizens to sue Saudi govt for their losses... And saudi govt had threatened to withdraw their investments from US to the tune of 730$ million / billion because their funds would be at risk of being blocked to settle any follow up cases filed..

do you think the above holds any ground and there is chance of a sharp fall due to such an event?

[vinay28]

[EssJay]

You think there's any truth to the allegation of 9/11 having been an inside job? I always dismissed it as a conspiracy theory.

[apka]

[apka]