iCharts Discussions

[vinay28]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (11/06/15) and beyond

Supports are at about 8100, 8048, 8005 and 7971 resistances are at about 8177, 8213, 8229 and 8307. A previous low was about 8022. Two +WWs can give about 8197 and 8215 (if above 8045) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8070/45 (if below 8130) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty breaks and sustains below 8000.

Nifty rose sharply to close above 8100 confirming morning star like formation on Wednesday and seems headed higher. A close above 8127/8182/8225 will give hopes to the bulls while a close below 8022 will cause more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (12/06/15) and beyond

Supports are at about 7958/47, 7894 and 7824/14/02 resistances are at about 7994, 8029, 8090/8100, 8125, 8146 and 8213. A previously unfilled gap on lower side is at about 7927. Seven +WWs can give about 8029/8171 (if above 7994), 8069/92 (if above 8002), 8164 (if above 7978), 8202 (if above 8013) and 8220 (if above 8043) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty sustains below 8000.

Nifty fell sharply after a gap up open to close above 7950, the lowest since Oct '14 and is very bearish. Daily candle is a big, bearish Marubuzo and engulfing. However, the +ve and bullish div persists and a reversal is due anytime provided buying begins. A close above 8058/8127 will give some hopes to the bulls, otherwise it will continue to fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

how much more below this line?

[riteshucha]

buy safe once NF crosses, 7987.. will be doubly sure if crosses 8007 for tgt 8029 / 8052 / 8074

since it broke, 7947 likely targets below are 7924 / 7902, 7880

monthly levels of JT showing final support at 7875..

[riteshucha]

7947 breached again, very likely to go below 7900 now..
SL 7987...

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (15/06/15) and beyond

Supports are at about 7972, 7958/50/40, 7917 and 7814/02 while resistances are at about 8007, 8029, 8125/35 and 8206/13. A previously unfilled gap on lower side is at about 7927. Five +WWs can give about 8057/88 (if above 7962), 8127 (if above 7998), 8175 (if above 7983) and 8205 (if above 8004) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7961 (if below 8007) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty sustains below 8000.

Nifty recovered after making a new low to close +ve and above 7950. The weekly close is lowest in 10 months and the outlook is very bearish. Daily candle is a doji and the +ve div on daily and and bullish div on weekly persist and a sharp reversal is due anytime provided buying begins. A close above 8023/8058/8127 will give some hopes to the bulls, otherwise it will continue to fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (16/06/15) and beyond

Supports are at about 8005, 7995, 7977, 7953, 7940 and 7892 while resistances are at about 8029, 8046, 8067, 8100, 8119/29 and 8201. A previously unfilled gap on lower side is at about 7927. Four +WWs can give about 8077, 8115, 8144 (if above 8000) and 8177 (if above 7982) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7960 (if below 8010) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty sustains below 8000.

Nifty closed +ve and above 8000 but was volatile intraday. Daily candle is a doji again indicating uncertainty as nifty tries to find its feet. However, the +ve div on daily and and bullish div on weekly persist and a sharp reversal is likely anytime provided buying begins. A close above 8023/8058/8127 will give some hopes to the bulls while a close below 7965 will cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (17/06/15) and beyond

Supports are at about 8028/20, 8009, 7979, 7960 and 7911 while resistances are at about 8089, 8118/25/30, 8143, 8196, 8202 and 8252. A previously unfilled gap on lower side is at about 7927. Six +WWs can give about 8100, 8127, 8149, 8167, 8182 and 8203 (if above 7982) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8020 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty goes and sustains below 8000.

Nifty rose sharply after an initial fall to close +ve and just below 8050. A close above 8058/8127 will give some hopes to the bulls while a close below 7965 will cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (18/06/15) and beyond

Supports are at about 8073, 8048, 8028 and 8004 while resistances are at about 8093, 8107, 8120/25, 8136, 8169, 8181 and 8252. A previously unfilled gap on lower side is at about 8047. Five +WWs can give about 8167/78, 8195, 8210 and 8244 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8032 (If below 8132) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty goes and sustains below 8000.

Nifty rose again but reacted to close flattish but +ve just below 8100. A close above 8127/82 will give some hopes to the bulls while a close below 7965 will cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (19/06/15) and beyond

Supports are at about 8151, 8124/17, 8101, 8062 and 8028 while resistances are at about 8193, 8208, 8240/52 and 8307. A previously unfilled gaps on lower side are at about 8091/47. Three +WWs can give about 8214, 8230 and 8251 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8107 (if below 8088) and 8036/27 (if below 8183) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7400 if nifty goes and sustains below 8000.

Nifty rose sharply to close well above 8150. Being a Friday, weekly close should be min above 8115 and preferably above 8192 while on a daily basis, close should be above 8127 and preferably above 8182/8214 for any hope to the bulls. A close below 7965 will cause more fall. A reaction is possible once RSI goes to 50-52 on daily chart. Global and local eco-political events can have a bearing on how nifty moves in short term.

[apka]

Mumbai right now

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (22/06/15) and beyond

Supports are at about 8214, 8196, 8168, 8149, 8124, 8096 and 8028 while resistances are at about 8252, 8279, 8307, 8324, 8356 and 8412. Previously unfilled gaps on lower side are at about 8174/8091. A +WW can give about 8384 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8172, 8105 (if below 8090) and 8021 (if below 8204) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7450 if nifty goes and sustains below 8050.

Nifty rose sharply to close well above 8200 and looks bullish. Daily and weekly closes were also encouraging for the bulls. However, daily candle is a spinning top and there is a -ve div on lower TF and a mild bearish div on daily. Hence we may see some reaction soon. A close above 8319/42 should give further rise while a close below 8057 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, being an expiry week.

[DKDY]

Sir, as VIX is falling whom do u think it will favour

[vinay28]