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Nifty View - July 2013 |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #286  Posted: Wed Jul 17, 2013 2:44 pm Post subject: BANKNIFTY FUTURE EOD CHART |
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| BANKNIFTY FUTURE DOWNSIDE FRESH POSITIONAL TARGET : 8663[/img] |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #287 Posted: Wed Jul 17, 2013 2:55 pm Post subject: |
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so far so good.. welgro low made 5932.05
but question is how long will this hold considering the tgt given by you for bank nifty (8663) is rather scary....
| welgro wrote: | | NIFTY FUTURE IF TRADE BELOW 5932 THEN CLOSE YOUR ALL NIFTY LONG POSITIONS .... |
Last edited by riteshucha on Wed Jul 17, 2013 3:36 pm; edited 1 time in total |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #288 Posted: Wed Jul 17, 2013 2:59 pm Post subject: |
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market is singing and dancing like yo yo honey singh... 
how does one survive in this... crazyyy |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #289 Posted: Wed Jul 17, 2013 3:29 pm Post subject: |
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| riteshucha wrote: | market is singing and dancing like yo yo honey singh...
how does one survive in this... crazyyy |
buy/sell and buy/sell with lots... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #290 Posted: Wed Jul 17, 2013 3:58 pm Post subject: |
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14/17 pts premium yest.. and today after being in premium during most part of the day, NF has closed in 3 pts discount..  |
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jk99
White Belt
Joined: 20 May 2013
Posts: 81
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| Post: #291 Posted: Wed Jul 17, 2013 5:48 pm Post subject: |
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sir
welgro
pl explain me for volume used.
today bnf volume is very high ,what its express..
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #292 Posted: Wed Jul 17, 2013 10:10 pm Post subject: |
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Nifty for Thursday (18/07/13)
Supports are at about 5960, 5933 and 5855 while resistances are at about 6040 and 6105. A number of +WWs can give about 5994, 6000, 6028, 6060, 6070 and 6085 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 5902, 5870 and 5852 (-WWs with lower targets are not mentioned presently). A daily bullish flag can give about 6085 unless killed below about 5700.
Nifty closed flat but above 5950 and 50/200 sma. RSI is not oversold and weekly chart shows bullishness and hence nifty may not fall much. However, daily candle is doji showing uncertainty, which can be removed by a +ve close well above 5974 on Thursday, preferably after a gap up open. A break below 5880 and a weekly close below about 5915 can cause further fall. 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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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #293 Posted: Thu Jul 18, 2013 6:52 am Post subject: NIFTY FUTURE ANALYSIS 18/JUL/2013 |
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NIFTY FUTURE ANALYSIS 18/JUL/2013
Today nifty future facing strong resistance at our trading and trend resistance ...Today if close above our trading resistance then ??? Nifty future ready to upward rally....
Nifty future once trade below our trading support then exit long position one who take position as per our update....
Take fresh short position at when nifty future trade below our trading support...Target may be below 5555,Trail stoploss will be update later... |
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bharatpatel
White Belt
Joined: 26 Oct 2011
Posts: 401
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| Post: #294 Posted: Thu Jul 18, 2013 8:54 am Post subject: Re: hi |
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| bharatpatel wrote: | | bharatpatel wrote: | Some days back ...
levels were.....
5700 5622.15 5569.9
Then i posted the updated levels
they were....
6000 5943.3 5881.25
Above 5569.9 we got target of 5881.25 nicely (profit of around 300 points )
so both the lower levels nifty has touched now we are waiting for either side break out trade which can be converted to good profit making trade.
Bharat. |
Dear Friends,
This was posted on 4th july just nicely achieved 6000.
now if sustain above 6000 our target is 6357 6287.85 6231.25 |
The game of trend deciding has been started with my old levels ( vinay also knows that )
5970 --- 6020
Close above 6020 is chance to go long with closing base stop of 5970 and close below 5970 is a chance to go short with closing base stop of 6020.
Closed near these levels and next day gap up / down opening has its own importance. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #295 Posted: Thu Jul 18, 2013 9:05 am Post subject: Re: hi |
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| bharatpatel wrote: | The game of trend deciding has been started with my old levels ( vinay also knows that )
5970 --- 6020
Close above 6020 is chance to go long with closing base stop of 5970 and close below 5970 is a chance to go short with closing base stop of 6020.
Closed near these levels and next day gap up / down opening has its own importance. |
I go by the belief that SLs worked out by traditional and well known methods often get triggered either due to momentum or by stop hunters, the latter particularly if market makers are planning a big contra move. Hence I am a bit more conservative. For me, daily close above/below 6040/5910 is the key. Not much different from yours.
By the way, I feel it may open gap up today and react, followed by a gap down tmrw, gap up on monday, down on tuesday and sharply up on wednesday and thursday thereby breaching 6040 on the up (unless it happens today itself). All this provided 5910 is not breached. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #296 Posted: Thu Jul 18, 2013 9:55 am Post subject: NIFTY FUTURE POSITIONAL LONG STOPLOSS |
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Nifty future Positional long modify sl at 5981... re-enter long above 6005
Sell nifty future below 5981.00 with stoploss : 6005 (4 LOTS )
MAX RISK : 100 POINTS /////
Risky traders only try .... Small traders avoid //// |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #297 Posted: Thu Jul 18, 2013 10:50 am Post subject: Re: NIFTY FUTURE POSITIONAL LONG STOPLOSS |
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| welgro wrote: | Nifty future Positional long modify sl at 5981... re-enter long above 6005
Sell nifty future below 5981.00 with stoploss : 6005 (4 LOTS )
MAX RISK : 100 POINTS /////
Risky traders only try .... Small traders avoid //// |
Still order pending ....
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #298 Posted: Thu Jul 18, 2013 10:55 am Post subject: |
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| hope it doesnt break that welgro.. |
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DEVDIW
White Belt
Joined: 11 Jan 2009
Posts: 101
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| Post: #299 Posted: Thu Jul 18, 2013 11:38 am Post subject: |
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| 15m tf invrs head & shoulder, Can anybody confirm? |
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DEVDIW
White Belt
Joined: 11 Jan 2009
Posts: 101
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| Post: #300 Posted: Thu Jul 18, 2013 11:39 am Post subject: |
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| DEVDIW wrote: | | 15m tf invrs head & shoulder, Can anybody confirm? |
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