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Nifty View - July 2013 |
rakeshliving
White Belt
Joined: 03 Jan 2011
Posts: 88
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Post: #106  Posted: Sat Jul 06, 2013 12:00 am Post subject: Re: Nifty View - July 2013 |
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| apka wrote: | 
I think for the moment EURINR, USDINR have topped out the rally. |
hmmmm so i should prepared for 5704..... and then a boom to 6000.....????
((just kiddin...) |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #107 Posted: Sat Jul 06, 2013 12:16 am Post subject: |
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| apka wrote: | | again NR7 today saumya? |
Yes,
Today is NR7 day in Nifty but not in NF. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #108 Posted: Sat Jul 06, 2013 12:24 am Post subject: |
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thanks saumya,
@rakeshliving... i dont KID for trading... u can do what u seem suitable. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #109 Posted: Sat Jul 06, 2013 10:59 am Post subject: |
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thanks apka,
but why sept ?
| apka wrote: | since gap up opening at 5750, buying not been happening, equities deliveriable or selling has been very low. and futures OI is also not building.
Since US is positive and DAX is heavily down and SGX also about 50 down. I suppose the current movement should be checked with European market's trend, particularly DAX's trend.
The stock which i tracked to give indication for strength and movement in Nifty is out cold  SBIN. And it's 2000ce has been adding OI daily from 4 lakh to almost 9 lakh it has touched in 3 days.
I think if SBI hasn't risen with the 300 point rise in nifty, then it's safe to assume nifty is going to retrace back to lower levels.
Another market mover LT / Steel segment stocks are down and not far from their 52 week lows.
My strategy now, would be to add sept calls in dips while shorting sept fut tomorrow to get a double gain.
This market has been too sideways.
2 days back about 20 lah shorts were added intraday and EOD about 25 lakh were covered, means both long and shorts cleared their positions.
Until OI builds again, there is no clear trend and we will cotinue to see such wild ups and downs. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #110 Posted: Sat Jul 06, 2013 11:35 am Post subject: |
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| incase august also turns out to be choppy and sideways |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #111 Posted: Mon Jul 08, 2013 4:40 pm Post subject: |
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A rare case of this thread being not active on a day.
No posts from Vinay and apka today!!!!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #112 Posted: Mon Jul 08, 2013 4:43 pm Post subject: |
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| vishyvaranasi wrote: | A rare case of this thread being not active on a day.
No posts from Vinay and apka today!!!!! |
I was quite busy today vishy. I did post under Individual stocks though including a trade advice for crude/INR/NF. Anyone who bought NF around 2 pm would have made 40+ in one hour.  |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #113 Posted: Mon Jul 08, 2013 5:02 pm Post subject: |
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again 2-WW's tgt met.. i take 5772 tgt met for 5767.. & 5826..
now what 5941/6043 on upside & 5682 on down side, pending.. both extreme cases in today's mkt conditions..(read volatility)..
mkt almost at mid point today.. 
vinay/apka, your views for tomm/this week.. which one do u guys think will come first..
| riteshucha wrote: | 5858 gap filled.. 2 +WW tgts met..
what is the likely scenario next week? is it 5941 / 6043 or 5826 / 5767 / 5682 ??
| vinay28 wrote: | Since I won't be around from tonight to saturday, I am giving my views below
Nifty for Friday (05/07/13)
The unfilled gaps on the higher/lower side are at about 5858/5682. Four +WWs can give about 5897 (once above 5833), 5904, 5941 (once above 5834) and 6043 (once above 5901) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 5826 (once below 5855), 5767 (once below 5860) and 5739 (once below 5920) (-WWs with lower targets are not mentioned presently). A weekly bearish flag can give a much lower level unless it gets killed above about 6012. A daily bullish flag can give a much higher level unless it gets killed below about 5700.
Nifty closed above 200sma. If this week closes below 50 sma, which is presently at about 5747, it can cause further fall. Bulls can have hope if this week closes above 5747 and if Friday closes above 200 sma, which is presently at 5830. If Friday closes above 50 sma, which is presently at 5923, it will have bullish tone. Considering that a lot of data, particularly the non-farm payroll data, is expected from US on Friday night, oil price and INR will remain key to the future of Indian markets in the short term. VIX and PCR are expected to remain high and can cause sharp swings. Only global cues and/or liquidity can take nifty further up.
Likely levels on higher/lower side are about 6000/5951/5875 and about 5825/5756/5675. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #114 Posted: Mon Jul 08, 2013 5:06 pm Post subject: |
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| riteshucha wrote: | again 2-WW's tgt met.. i take 5772 tgt met for 5767.. & 5826..
now what 5941/6043 on upside & 5682 on down side, pending.. both extreme cases in today's mkt conditions..(read volatility)..
mkt almost at mid point today..
vinay/apka, your views for tomm/this week.. which one do u guys think will come first.. |
ritesh, those levels change every day. I couldn't post for Monday. In any case, unless nifty reacts and remains below 5767, I am expecting higher levels till Thursday. We will continue to have gap up/down almost every day since vix and pcr are very high. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #115 Posted: Mon Jul 08, 2013 5:28 pm Post subject: |
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ok thanks..
| vinay28 wrote: | | riteshucha wrote: | again 2-WW's tgt met.. i take 5772 tgt met for 5767.. & 5826..
now what 5941/6043 on upside & 5682 on down side, pending.. both extreme cases in today's mkt conditions..(read volatility)..
mkt almost at mid point today..
vinay/apka, your views for tomm/this week.. which one do u guys think will come first.. |
ritesh, those levels change every day. I couldn't post for Monday. In any case, unless nifty reacts and remains below 5767, I am expecting higher levels till Thursday. We will continue to have gap up/down almost every day since vix and pcr are very high. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #116 Posted: Mon Jul 08, 2013 6:01 pm Post subject: |
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Nifty for Tuesday (09/07/13)
The unfilled gaps on the higher/lower side are at about 5868/5682. Four +WWs can give about 5877, 5910 (once above 5819), 5934 and 5942 (once above 5829) (+WWs with higher targets are not mentioned as of now). A -WW can give about 5720 (-WWs with lower targets are not mentioned presently). A weekly bearish flag can give a much lower level unless it gets killed above about 6012. A daily bullish flag can give a much higher level unless it gets killed below about 5700.
Only if nifty closes above 50 sma (about 5922), it will give hopes to bulls. Oil price and INR will remain key to the future of Indian markets in the short term. VIX and PCR are expected to remain high and can cause sharp swings. Only global cues and/or liquidity can take nifty further up. |
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Sahil_investor
White Belt
Joined: 08 Jun 2011
Posts: 97
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| Post: #117 Posted: Mon Jul 08, 2013 7:15 pm Post subject: My view on Nifty Spot. |
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The following is my view on Nifty spot on the basis of charts.
Encouraging every one to come forward and post there view with charts as that will be easy to follow with various Supports and Resistances.
I am not an expert. Learning and surviving the markets, hoping to share and learn from others.
First of all, the larger picture. Although not very much relevant to the present market activity but keeping the larger view in hand keeps u focused.
(At least its with me.) The 1st 2 charts resemble the larger picture.
The next charts are of Day and hour. This is my observation for the present scenario.
At present Nifty has closed below 5EMA and 200MA, indicating bearishness.
Daily:
50/100/200 MA: 5918/5841/5830
As per the chart shown below:
Above 5834: 5846,5869,5911,5926, 5937,5945, 5970
Below 5776: 5757, 5692,5683,5629, 5566 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #118 Posted: Mon Jul 08, 2013 7:21 pm Post subject: |
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| thank you sahil. If you are going to post regularly with so many charts, I suggest you start a new thread e.g. "long term/short term/ew views on nifty by Sahil" so that it doesn't confuse with other posts in this thread. |
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Sahil_investor
White Belt
Joined: 08 Jun 2011
Posts: 97
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| Post: #119 Posted: Mon Jul 08, 2013 7:34 pm Post subject: |
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| vinay28 wrote: | | thank you sahil. If you are going to post regularly with so many charts, I suggest you start a new thread e.g. "long term/short term/ew views on nifty by Sahil" so that it doesn't confuse with other posts in this thread. |
Hey Vinay
I just saw the title and since there were no charts posted. I thought to go ahead and post some. Is it ok if i go with 1 or 2 charts(just the Day and Hour chart)?
I had in mind to keep the discussion under 1 Thread.
A bit hesitant to make a new post. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #120 Posted: Mon Jul 08, 2013 7:38 pm Post subject: |
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| Sahil_investor wrote: | | vinay28 wrote: | | thank you sahil. If you are going to post regularly with so many charts, I suggest you start a new thread e.g. "long term/short term/ew views on nifty by Sahil" so that it doesn't confuse with other posts in this thread. |
Hey Vinay
I just saw the title and since there were no charts posted. I thought to go ahead and post some. Is it ok if i go with 1 or 2 charts(just the Day and Hour chart)?
I had in mind to keep the discussion under 1 Thread.
A bit hesitant to make a new post. |
as long as your posts don't cause confusion in readers due to different methods/presentations, I have no issues. Also, note that this thread is generally for the month. |
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