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Nifty View - July Series |
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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Post: #16  Posted: Mon Jun 30, 2014 10:24 am Post subject: |
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Dear Mr. Raja, can one still maintain Short with SL of 7686 for downward tgt of 7235 as given earlier... or has the SL been revised for JULY series....
| rameshraja wrote: | Mr Vinay
Looks like market headed for a serious problem and many stocks are loosing its sheen and loosing momentum.. I think again its going to be Pharma and IT sector will cushion the fall of Nifty..
Revival of Bull action across the board is in the hands of Mr Arun Jaitley..  |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #17 Posted: Mon Jun 30, 2014 11:29 am Post subject: |
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BNF tgt done too... 
above 15421 next tgt 15448...
but i have always seen that the tgts act as point of mini reversal also... pls tc..
| riteshucha wrote: | nifty tgt done... 
waiting BANK nifty tgt .. 15421
| riteshucha wrote: | levels for 30th june
Buy At 7572.60. Target = 7625.61. Stoploss = 7512.0192
Sell At 7508.70. Target = 7456.14. Stoploss = 7568.7696
(although SL are given, but i dont use them, i keep sell level as SL incase of Buy and vice versa) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #18 Posted: Mon Jun 30, 2014 2:32 pm Post subject: |
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| monthly resistance i.e. for today, is 7647NS. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #19 Posted: Mon Jun 30, 2014 3:32 pm Post subject: |
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so far so good..
15448 BNF also achieved... and reversed for 75 pionts... need to keep the tgts levels also in mind for reversal ...
on friday too NF 7611 was tgt but reversed from 7612.30...
| riteshucha wrote: | BNF tgt done too...
above 15421 next tgt 15448...
but i have always seen that the tgts act as point of mini reversal also... pls tc..
| riteshucha wrote: | nifty tgt done...
waiting BANK nifty tgt .. 15421
| riteshucha wrote: | levels for 30th june
Buy At 7572.60. Target = 7625.61. Stoploss = 7512.0192
Sell At 7508.70. Target = 7456.14. Stoploss = 7568.7696
(although SL are given, but i dont use them, i keep sell level as SL incase of Buy and vice versa) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #20 Posted: Mon Jun 30, 2014 4:21 pm Post subject: |
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| eagerly waiting for the new levels for tomorrow.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #21 Posted: Mon Jun 30, 2014 8:30 pm Post subject: |
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Nifty for Tuesday (01/07/14)
Supports are at about 7596, 7572, 7539, 7515 and 7501 while resistances are at about 7627, 7647 and 7668. Three +WWs can give about 7661, 7681 and 7734 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 7579 (once below 7608), 7567 (once below 7589) and 7500/7443 (once below 7623) (-WWs with much lower targets are not mentioned as of now).
Nifty rose sharply to close above 7600 and also above 10/20 dma and seems to have bullish tone though the fall in last 30 min is worrisome. Daily candle is a Marubuzo but CCI shows -ve div. A close below about 7481 can be bad but a breach of about 7441 will cause more fall. A close above 7650 can give some hope to bulls. VIX can play spoil sport, this being a long expiry with budget due next week. Also, poor monsoon can kill the expected pre-budget rally. At the same time, liquidity is still abundant and one needs to be careful. It appears that global and local issues such as oil price, US$ and poor monsoon will decide future of market. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #22 Posted: Tue Jul 01, 2014 7:56 am Post subject: |
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Historically, a month with 5 Tuesdays (like this July) has gains of 3-7%. 
This, however, is the first instance when there is a budget in such a month.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #23 Posted: Tue Jul 01, 2014 9:01 am Post subject: |
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| amitagg wrote: | | eagerly waiting for the new levels for tomorrow.... |
Ritesh levels pls |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #24 Posted: Tue Jul 01, 2014 9:25 am Post subject: intraday nifty 01/07/2014 |
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intraday nf
buy above 7657 and sell below 7643
above trgts 7667/7685 and more upside only above 7685 trts 7704/7711/7715/7722/7725
below trgts 7632/7614 and more dnside below 7614 trgts 7596/7588/7577/7574 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #25 Posted: Tue Jul 01, 2014 10:07 am Post subject: |
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intra levels are way too far...
with buy above 7700
and sell below 7599.52... are we are in the middle... hence no use of levels.. will wait till 1 pm...
still, i will look for 7670 to cross thats also JT's buy abve level... till that is crossed, no buy for today...
| amitagg wrote: | | eagerly waiting for the new levels for tomorrow.... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #26 Posted: Tue Jul 01, 2014 10:10 am Post subject: |
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same with BANK nifty intra
Buy At 15502.45. Target = 15610.97. Stoploss = 15378.4304
Sell At 15332.45. Target = 15225.12. Stoploss = 15455.1096 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #27 Posted: Tue Jul 01, 2014 10:50 am Post subject: |
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| riteshucha wrote: | intra levels are way too far...
with buy above 7700
and sell below 7599.52... are we are in the middle... hence no use of levels.. will wait till 1 pm...
still, i will look for 7670 to cross thats also JT's buy abve level... till that is crossed, no buy for today...
| amitagg wrote: | | eagerly waiting for the new levels for tomorrow.... |
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Jt levels are spot levels while your friends are futures..... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #28 Posted: Tue Jul 01, 2014 11:00 am Post subject: |
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no JT's levels are always future...
| amitagg wrote: | | riteshucha wrote: | intra levels are way too far...
with buy above 7700
and sell below 7599.52... are we are in the middle... hence no use of levels.. will wait till 1 pm...
still, i will look for 7670 to cross thats also JT's buy abve level... till that is crossed, no buy for today...
| amitagg wrote: | | eagerly waiting for the new levels for tomorrow.... |
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Jt levels are spot levels while your friends are futures..... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #29 Posted: Tue Jul 01, 2014 1:59 pm Post subject: |
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touched and hovering within 20 points of this...
closing above this, what is ur tgt vinay?
| vinay28 wrote: | | monthly resistance i.e. for today, is 7647NS. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #30 Posted: Tue Jul 01, 2014 2:24 pm Post subject: |
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| riteshucha wrote: | touched and hovering within 20 points of this...
closing above this, what is ur tgt vinay?
| vinay28 wrote: | | monthly resistance i.e. for today, is 7647NS. |
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yes even last month's resistance not taken out yet. May be they want to keep it like this, today being first day of the month. otherwise I am expecting 7578/48NF first before next rally. may be it will start falling after 2.50, otherwise tmrw. even if it remains and closes like this, we get an evening star on daily. |
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