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Nifty View - July 2013 |
saumya12
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Joined: 21 Dec 2011
Posts: 1509
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Post: #331  Posted: Fri Jul 19, 2013 3:39 pm Post subject: |
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| vinay28 wrote: | | Today will be most likely a NR7 day, evening doji star on daily chart and a hanging man on weekly chart. Not good for bulls. |
Yes, today NR7 day. |
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ritapandit25
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Joined: 04 May 2013
Posts: 2926
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| Post: #332 Posted: Fri Jul 19, 2013 4:24 pm Post subject: |
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| vinay28 wrote: | | Today will be most likely a NR7 day, evening doji star on daily chart and a hanging man on weekly chart. Not good for bulls. |
What is NR 7 day? Vinay. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #333 Posted: Fri Jul 19, 2013 4:51 pm Post subject: |
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As many times we say NR7, there is always someone to ask.... and sometime back it was me 
Narrowest Range in last 7 trading days including today's. It implies whichever side breaks on the 8th day, trend in that direction. |
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sauraj123
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Joined: 10 Jan 2012
Posts: 312
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| Post: #334 Posted: Fri Jul 19, 2013 7:16 pm Post subject: |
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Latest news
India to sell $3.97 bn in debt quotas to foreign investors
The recent sell-off in bonds come after the Reserve Bank of India raised short-term borrowing costs, restricted funds available to banks and said it would sell Rs 120 billion in bonds on Monday, effectively draining cash from the market, to protect a rupee that had hit a record low last week.
what does it mean...any impact on stock market
somebody please comment on this
i am soory if posting in wrong forum. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #335 Posted: Fri Jul 19, 2013 7:55 pm Post subject: |
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| apka wrote: | As many times we say NR7, there is always someone to ask.... and sometime back it was me
Narrowest Range in last 7 trading days including today's. It implies whichever side breaks on the 8th day, trend in that direction. |
oh ya and you are always eager to help! 
luckily daily candle is not a evening star and weekly is only an "imperfect" hanging man. But there is a mild -ve div though not at oversold levels. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #336 Posted: Fri Jul 19, 2013 9:42 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | As many times we say NR7, there is always someone to ask.... and sometime back it was me
Narrowest Range in last 7 trading days including today's. It implies whichever side breaks on the 8th day, trend in that direction. |
oh ya and you are always eager to help!
luckily daily candle is not a evening star and weekly is only an "imperfect" hanging man. But there is a mild -ve div though not at oversold levels. |
that underlying implication is utter poppycock, my eagerness to help knows no bound |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #337 Posted: Sat Jul 20, 2013 10:55 am Post subject: |
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Nifty for Monday (22/07/13)
Supports are at about 6005 and 5979 while resistances are at about 6114 and 6182. Three +WWs can give about 6052, 6076, and 6124 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 5971/5949 (once below 6049) and 5981 once below 6014 (-WWs with lower targets are not mentioned presently). A daily bullish flag can give about 6085 unless killed below about 5700.
Nifty reacted after making a higher high but managed to close above 6000. However, after the initial morning high, it made a lower high and low implying that lower levels are possible. Also, weekly chart shows an imperfect hanging man and a mild -ve div is seen in RSI on daily chart though not at oversold levels. Hence nifty may not fall much. Friday was a NR7 day and a big move is expected on Monday. Higher levels look very likely next week. About 6000 seems to be a tight SL for longs but 5970 is probably the last SL in immediate term. 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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apka
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| Post: #338 Posted: Sat Jul 20, 2013 11:16 am Post subject: |
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Btw, the PM has said that RBI may reverse the recently introduced curbing measures in short term once volatility settles.
RBI Policy day - Aug 2 (Friday), could bring that. |
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apka
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Posts: 6137
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| Post: #339 Posted: Sat Jul 20, 2013 11:18 am Post subject: |
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| Has anybody ever seen / followed Heikin-Ashi Charts? It looks interesting. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #340 Posted: Sat Jul 20, 2013 11:23 am Post subject: |
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vinay, the weekly imperfect hanging man seems similar to last to last week's candle. doesn't look bad then.
@masa, your chart update would be appreciated. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #341 Posted: Sat Jul 20, 2013 11:59 am Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | As many times we say NR7, there is always someone to ask.... and sometime back it was me
Narrowest Range in last 7 trading days including today's. It implies whichever side breaks on the 8th day, trend in that direction. |
oh ya and you are always eager to help!
luckily daily candle is not a evening star and weekly is only an "imperfect" hanging man. But there is a mild -ve div though not at oversold levels. |
that underlying implication is utter poppycock, my eagerness to help knows no bound |
you mean - even if it means going out of the way? |
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bharatpatel
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Joined: 26 Oct 2011
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| Post: #342 Posted: Sat Jul 20, 2013 12:11 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | vinay28 wrote: | | apka wrote: | As many times we say NR7, there is always someone to ask.... and sometime back it was me
Narrowest Range in last 7 trading days including today's. It implies whichever side breaks on the 8th day, trend in that direction. |
oh ya and you are always eager to help!
luckily daily candle is not a evening star and weekly is only an "imperfect" hanging man. But there is a mild -ve div though not at oversold levels. |
that underlying implication is utter poppycock, my eagerness to help knows no bound |
you mean - even if it means going out of the way? |
But market makers are more wise....
For couple of days they give false B/o and then they open gap up / down and on that day we do not have trade or stop is so far to get in to trade.
Anybody who is following N R must have these kind of experiences.
So the safest way to play N R is to wait for gap up / down either side the range then take the trade. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #343 Posted: Sat Jul 20, 2013 12:23 pm Post subject: |
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| what is N & R? |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #344 Posted: Sat Jul 20, 2013 2:35 pm Post subject: |
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| apka wrote: | | Has anybody ever seen / followed Heikin-Ashi Charts? It looks interesting. |
Here is one of NF in 5 min TF |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #345 Posted: Sat Jul 20, 2013 2:38 pm Post subject: |
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| And this one how it looks like in 15 min |
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