iCharts Discussions

[pkholla]

[apka]

Vinay, why do you anticipate a collapse in Saudi economy?

[vinay28]

[prakash_ks]

Hi Vinay,
Your statement " .., a country's economy collapses around the time it commissions the world's tallest building. This time, Saudi will commission one by end 16 or early 17." .. is really some thing very interesting to read ..

[apka]

That's exactly how I feel regarding the 9/11 subject. There are some issues that have been resolved or can be answered by logic. But some like you mentioned the missile flash, I know! You can see a flash before the first plane hits too when slowed down. Some persons testimonies have been omitted like a senior person at pentagon said a personnel came asked for instructions when he informed plane is 50 miles out, and VP ordered do nothing. Many reported blasts including wtc janitor, fireman and molten steel found weeks later. But US scrapped all evidence n said they didnt look for explosives cuz they didnt think there were any! So I am also on the fence just waiting to know.

Interesting info on Saudi and tallest building thing.. Can we expect another world crisis if that happens or this one will be easier to face for the rest of the world?

[vinay28]

[vinay28]

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

Nifty for Tuesday (19/07/16) and beyond

Supports are at about 8464/31/19, 8387/56 and 8324 while resistances are at about 8533/58/89, 8608 and 8627. Unfilled gaps on the higher/lower side are at about 8707/8467. (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8446 (if below 8520), 8380 (if below 8525) and 8287 (if below 8563) (-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 gap up but fell later to make a lower low to close -ve and above 8500. Daily volume is not strong -ve and further fall, if any, may not be major. Nifty must close above 8589 to begin with 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.

[EssJay]

Wow, didn't know all this...thanks apka, vinay

[vinay28]

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

Nifty for Wednesday (20/07/16) and beyond

Supports are at about 8511/03, 8487/65/49/31/19/04 and 8372 while resistances are at about 8558/81, 8615/25 and 8636. Unfilled gaps on the higher/lower side are at about 8707/8467. A +WW can give about 8545 (if above 8484) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8444 (if below 8522), 8378 (if below 8527) and 8286 (if below 8573) (-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 up with a small gap up, fell to make a lower low and rose sharply to close +ve and above 8500. Daily candle is a hammer and volume is good +ve. However, there is now a hidden bearish div between last two candles and we may see further fall unless 8587 is taken out. Nifty must close above 8589 to begin with while a close below 8467 may cause some fall. Tuesday was a NR4 day and we may see a big move. Global and local eco-political events can have a bearing on how nifty moves in short term.

[AjitS]

[vinay28]

[vinay28]

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

Nifty for Thursday (21/07/16) and beyond

Supports are at about 8546/26/11, 8489/66/46/31/18 and 8373 while resistances are at about 8577/93, 8602/28/63 and 8675. Unfilled gaps on the higher/lower side are at about 8707/8467. (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8521 (if below 8561), 8442 (if below 8524), 8399 (if below 8541) and 8284 (if below 8585) (-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 down with a small gap up but rose to close +ve and above 8550. Daily volume is good +ve. However, the hidden bearish div remains and we may a fall soon unless 8588/95 is reached. Nifty must close above 8589 to begin with while a close below 8467 may cause some fall. A big move is imminent. Global and local eco-political events can have a bearing on how nifty moves in short term.

[riteshucha]

hii vinay,

if 8595 is spot is not crossed, today and tomm could be the days when u see a good fall.??????...
stoch and macd both have turned flat on daily and on the verge of a down crossover....

[vinay28]

[manojkr78]

Vinay,

July13-23 period high/low so far 8595/8475......23rd no trading, would you consider the next trading day on account???