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Nifty View - July Series |
vinay28
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Joined: 24 Dec 2010
Posts: 11748
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Post: #226  Posted: Thu Jul 10, 2014 7:39 pm Post subject: |
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| apka wrote: | how its looking now...
also what would you call the todays candle Vinay? |
I look at it as a doi, apka, showing uncertainty. Incidentally, even though nifty was at 7541 when market closed, it closed near the high of last 15 tf candle. More importantly, it bounced off 34 ema.
I don't know what is the official NF closing. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #227 Posted: Thu Jul 10, 2014 8:13 pm Post subject: |
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| nifty daily chart and rsi |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #228 Posted: Thu Jul 10, 2014 8:21 pm Post subject: |
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| Dear vinay,how wud u interpret this? |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #229 Posted: Thu Jul 10, 2014 8:28 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | how its looking now...
also what would you call the todays candle Vinay? |
I look at it as a doi, apka, showing uncertainty. Incidentally, even though nifty was at 7541 when market closed, it closed near the high of last 15 tf candle. More importantly, it bounced off 34 ema.
I don't know what is the official NF closing. |
NF Close 7576.65 |
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vinay28
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| Post: #230 Posted: Thu Jul 10, 2014 8:44 pm Post subject: |
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| apka wrote: | | NF Close 7576.65 |
thanks dear. if nifty doesn't make a lower low tmrw then it must close above 7680 (better 7700) to make further upmove possible. if we just see a hammer or a morning star or some similar likely reversal sign in daily candle, it may not sustain for the whole month, this being a long expiry. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #231 Posted: Thu Jul 10, 2014 8:45 pm Post subject: |
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| apka wrote: | | NF Close 7576.65 |
thanks dear. if nifty doesn't make a lower low tmrw then it must close above 7680 (better 7700) to make further upmove possible. if we just see a hammer or a morning star or some similar likely reversal sign in daily candle, it may not sustain for the whole month, this being a long expiry. |
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vinay28
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| Post: #232 Posted: Thu Jul 10, 2014 9:23 pm Post subject: |
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| vinay28 wrote: | | Triangle BD/BO still uncertain in spite of a big BO earlier. Target 7970 or 7170. |
yesterday's chart updated. a decisive BO/BD required. first a 200 point BO, then a reversal and then a 100 point BO and again reversal. direction still unclear. may be a BO will be third time lucky. who knows?
end targets change a bit every time BO/BD is delayed. |
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vinay28
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| Post: #233 Posted: Fri Jul 11, 2014 10:14 am Post subject: |
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apka, for you with luv! 
09.15 to 09.18 Gap up
09.19 to 09.35 Downside
09.36 to 10.46 Up
10.47 to 11.05 Downside
11.06 to 11.58 UP
11.59 to 12.15 Downside
12.16 to 01.18 UP
01.19 to 01.35 Downside
01.36 to 03.30 UP
error may be 13 min, which means u may have to add 13 min to above. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #234 Posted: Fri Jul 11, 2014 12:00 pm Post subject: |
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| nifty will revive only if it sustains above 7605NS/7625NF. Portugal issue doesn't seem to be severe and after European markets open, we may see an upswing. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #235 Posted: Fri Jul 11, 2014 1:39 pm Post subject: |
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| bah, all the strolling fall negated by a beaming 60 points jump. |
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vinay28
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| Post: #236 Posted: Fri Jul 11, 2014 1:42 pm Post subject: |
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| apka wrote: | | bah, all the strolling fall negated by a beaming 60 points jump. |
A BO of an IHnS can give 7600 if it doesn't go below about 7495. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #237 Posted: Fri Jul 11, 2014 2:18 pm Post subject: |
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low... 7471.20... but not before hitting several stops and scaring the shit out of people.... 
| riteshucha wrote: | remembered a line from a movie lakshya... "ek baar ghoom ke phir aate hai"..
bnk intra tgt today was 14659... low made 14670...
Nifty yest sell tgt - 7469.. low made - 7486..
have a feeling... nifty / BNF will come down again...
but the flipside is if now it comes down to hit the tgts, i fear it might not recover from there... fingers crossed... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #238 Posted: Fri Jul 11, 2014 2:22 pm Post subject: |
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one can buy nifty now, very tight stop of 7460...
bank nifty intra tgt was 15540.. one can buy tight stop 15499 |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #239 Posted: Fri Jul 11, 2014 2:40 pm Post subject: Robert C Miner fib based calc for N Spot |
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As per RC Miner's calcs for NS:
We get 7340.6 <===> 7390.7 as the likeliest immediate tgt level for NS
If falls below 7242.9 then free fall?
Please draw your own conclusions from the encl xl calci
Cheers, Prakash Holla |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #240 Posted: Fri Jul 11, 2014 3:12 pm Post subject: Re: Robert C Miner fib based calc for N Spot |
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| pkholla wrote: | As per RC Miner's calcs for NS:
We get 7340.6 <===> 7390.7 as the likeliest immediate tgt level for NS
If falls below 7242.9 then free fall?
Please draw your own conclusions from the encl xl calci
Cheers, Prakash Holla |
Thank you sir. Seems good |
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