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Nifty View - July Series |
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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Post: #391  Posted: Wed Jul 23, 2014 5:57 pm Post subject: |
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So what is today's candle? Is it a Bearish Evening Doji Star?
Seems similar to 5-March, 7-April, 16-June, 1-July. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #392 Posted: Wed Jul 23, 2014 6:41 pm Post subject: |
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| apka wrote: | So what is today's candle? Is it a Bearish Evening Doji Star?
Seems similar to 5-March, 7-April, 16-June, 1-July. |
apka, it's only like 10/4/14 since it is at the top of a uptrend, but more like a few in 2013. don't forget previous week's bad candle. also, -ve div persists on daily/weekly. only sustaining above 7800 for 2 weeks will give hope to bulls. otherwise fall looks certain. In fact, I won't be surprised to see a 200 point fall in next 2 days. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #393 Posted: Wed Jul 23, 2014 6:53 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | So what is today's candle? Is it a Bearish Evening Doji Star?
Seems similar to 5-March, 7-April, 16-June, 1-July. |
apka, it's only like 10/4/14 since it is at the top of a uptrend, but more like a few in 2013. don't forget previous week's bad candle. also, -ve div persists on daily/weekly. only sustaining above 7800 for 2 weeks will give hope to bulls. otherwise fall looks certain. In fact, I won't be surprised to see a 200 point fall in next 2 days. |
Ok. But I definately see it being same as 5-March, gap up plus doji and attempt to cross a nearby recent new high. Next 2 days brought upside, lets see.
The OI data doesn't suggest 7700 will be breached and there has been good addition in 7800pe too today, 73% OI addition and no significant writing in 7800ce & 7900ce. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #394 Posted: Wed Jul 23, 2014 7:03 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | apka wrote: | So what is today's candle? Is it a Bearish Evening Doji Star?
Seems similar to 5-March, 7-April, 16-June, 1-July. |
apka, it's only like 10/4/14 since it is at the top of a uptrend, but more like a few in 2013. don't forget previous week's bad candle. also, -ve div persists on daily/weekly. only sustaining above 7800 for 2 weeks will give hope to bulls. otherwise fall looks certain. In fact, I won't be surprised to see a 200 point fall in next 2 days. |
Ok. But I definately see it being same as 5-March, gap up plus doji and attempt to cross a nearby recent new high. Next 2 days brought upside, lets see.
The OI data doesn't suggest 7700 will be breached and there has been good addition in 7800pe too today, 73% OI addition and no significant writing in 7800ce & 7900ce. |
no apka. 5/3 was after a rangebound market for a long time. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #395 Posted: Wed Jul 23, 2014 7:41 pm Post subject: Re: nifty |
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| dynamite_munda11 wrote: | | amitagg wrote: | | dynamite_munda11 wrote: | | amitagg wrote: | | dynamite_munda11 wrote: | | nifty spot still holding 7809 the previous high and till it breaks it would be termed as B break of it would calculate one degree higher |
What is meant by one degree higher..... Mixing EW and gann ?
Is it wave extension.... Can b wave extend beyond precvious top.... |
no not mixing EW and gann and a degree higher means from minutte to minor to im and recount the waves.
as far as b is concerned it generally ends before the the start of wave a only in case of irregular b or expanded flats it goes beyond the the start of wave a but not beyond 1.382% of wave a and wave c ends well below the end of wave a |
ok taken.....so 7956 would be final target even if u consider it as b wave extension.......obviously as per u , it can happen in 5tf wave also.....which we are in in of major 3 from 5993/ 5116/ 4531? |
am not taking any fifer but abc xabc
4531-5629-4770-6229 as abc doing 1698 points
6229 -5118 as x doing 1111 points
5118-6415-5933-7809 as abc 2691 and 2691/1698=1.58% of the move from 4531-6229 and 1.618 at 2747+5118=7865 this is the trgt |
Perfect double combo ties up...... Interesting I just posted 7865 level exact in mikky s thread without seeing this post a while back......
So also I posted when market was at 6000 in dec relying on not mine but someone special that basis EW market would top in august 2014 and that guy had 7800 in mind... He won't be wrong and so do you also
Thanks |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #396 Posted: Wed Jul 23, 2014 7:44 pm Post subject: |
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| vinay28 wrote: | | 7862NF is next level if 7805 is crossed |
7862NF is now crucial. only sustaining above will see 8020-70. I am bearish and have some puts and will add more if nifty moves towards 7862 but I doubt. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #397 Posted: Wed Jul 23, 2014 9:24 pm Post subject: |
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Nifty for Thursday (24/07/14)
Supports are at about 7788, 7771, 7749, 7720, 7674 and 7576 while resistances are at about 7818, 7831, 7853, 7888 and 7975. A lower unfilled gap is at about 7684. Two +WWs can give about 7918 and 7936 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7774 (once below 7802), 7713 (once below 7791) and 7696 (once below 7779) (-WWs with much lower targets are not mentioned as of now).
Nifty closed flat after a gap up open and just below 7800 and seems very bullish. However, it created a double top and daily candle is like an evening doji star and nifty will have to close well below 7767, preferably with a gap down open, to confirm it. Also, -ve div persists and there could be a mild reversal. A breach of 7752 is the first alert and a close below 7720 may cause further fall. At the same time, liquidity juggernaut continues to roll like Rommel's Panzer division and one needs to be careful. Only if nifty sustains at new high for a few days, it will ensure further rally. VIX can cause wild intraday swings, this being a long expiry. Market will continue to dance to FIIs' whims and fancies. |
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a1b1trader
Yellow Belt
Joined: 13 Jul 2014
Posts: 691
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| Post: #398 Posted: Wed Jul 23, 2014 10:24 pm Post subject: |
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| a1b1trader wrote: | | vinay28 wrote: | | does anyone in icharts have "market profile" indicator for amibroker? this indicator is not a built-in-one in Amibroker or such software. one has to add it manually. The technical term used for such custom made indicators is AFLs. so, pl confirm if you or any of your friends have MarketProfile AFL which is "working". sometimes, some indicator codes won't work. that's why mentioned "working". |
Can you post a chart using this afl
I will try to post the afl
BTW are you using ami |
NIFTY Market Profile Chart |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #399 Posted: Wed Jul 23, 2014 11:59 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | 7862NF is next level if 7805 is crossed |
7862NF is now crucial. only sustaining above will see 8020-70. I am bearish and have some puts and will add more if nifty moves towards 7862 but I doubt. |
so
- bearish corner is mikkly dynamite me you [all caps]
- bullish is welgro rita turtle rk [ all caps]
- undecided - JT & his followers since levels are there but no comment whether to want to be long or short and when or till when........ |
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a1b1trader
Yellow Belt
Joined: 13 Jul 2014
Posts: 691
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| Post: #400 Posted: Thu Jul 24, 2014 12:12 am Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | vinay28 wrote: | | 7862NF is next level if 7805 is crossed |
7862NF is now crucial. only sustaining above will see 8020-70. I am bearish and have some puts and will add more if nifty moves towards 7862 but I doubt. |
so
- bearish corner is mikkly dynamite me you [all caps]
- bullish is welgro rita turtle rk [ all caps]
- undecided - JT & his followers since levels are there but no comment whether to want to be long or short and when or till when........ |
And every one will have their reasons, if Nifty moves to other side of their analysis/views
 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #401 Posted: Thu Jul 24, 2014 12:22 am Post subject: |
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| a1b1trader wrote: | | amitagg wrote: | | vinay28 wrote: | | vinay28 wrote: | | 7862NF is next level if 7805 is crossed |
7862NF is now crucial. only sustaining above will see 8020-70. I am bearish and have some puts and will add more if nifty moves towards 7862 but I doubt. |
so
- bearish corner is mikkly dynamite me you [all caps]
- bullish is welgro rita turtle rk [ all caps]
- undecided - JT & his followers since levels are there but no comment whether to want to be long or short and when or till when........ |
And every one will have their reasons, if Nifty moves to other side of their analysis/views
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true, there are so many trader classes
- one early entrants for their views without validation by price
- one watchers
- one predictors / analysts but not traders
- one price readers and other system traders
- one leveraged / deverage and one follow same quantity
- one option player one not so
- one adamant in view and trading accordingly, and one not so but still not trading the adaptation
- one for 18/ 20 pointer one for 120-200 pointer
- one hedger and other not so
- one trend follower and other always contra player......... hundreds more and more..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #402 Posted: Thu Jul 24, 2014 9:02 am Post subject: |
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| a1b1trader wrote: | And every one will have their reasons, if Nifty moves to other side of their analysis/views
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since even God can not predict market, He too will have excuses for going wrong. We are just mortals. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #403 Posted: Thu Jul 24, 2014 9:03 am Post subject: nifty futures chart |
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nifty futures yet to breach the high of 7817.85 made on 8th july. the wave from 7445 is still a corrective imho.
spot
as per gann 7770 was 360 degree complition from low of 7422 and above 7770 next resistance is at 7814 being 45 degree and breach of 7814 or sustaining would trgt 7859/7860 being 90 degree from 7770 |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #404 Posted: Thu Jul 24, 2014 9:06 am Post subject: |
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| vinay28 wrote: | | a1b1trader wrote: | And every one will have their reasons, if Nifty moves to other side of their analysis/views
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since even God can not predict market, He too will have excuses for going wrong. We are just mortals. |
it is not the prediction but the probability , |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #405 Posted: Thu Jul 24, 2014 9:15 am Post subject: |
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| dynamite_munda11 wrote: | | vinay28 wrote: | | a1b1trader wrote: | And every one will have their reasons, if Nifty moves to other side of their analysis/views
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since even God can not predict market, He too will have excuses for going wrong. We are just mortals. |
it is not the prediction but the probability , |
Yes, prediction based on probability |
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