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Nifty View - June '15 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #31  Posted: Sat Jun 20, 2015 11:35 am Post subject: |
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| Updated NF levels as of 19/6. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #32 Posted: Sat Jun 20, 2015 11:53 am Post subject: |
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| Can anybody post that caterpillar Patten chart of nifty |
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mdsaravana
White Belt
Joined: 07 Feb 2014
Posts: 19
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| Post: #33 Posted: Mon Jun 22, 2015 12:10 pm Post subject: |
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| vinay what your view, 8630 still possible for this month? |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #34 Posted: Mon Jun 22, 2015 12:35 pm Post subject: |
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| mdsaravana wrote: | | vinay what your view, 8630 still possible for this month? |
too far ....forget it for all purposes.....irrespective of Greeks outcome etc!...not above 8500 in any case. prior pivot high...entire rally with be done today....and tomorrow after the gap up or down as case me....it should be both side affair.
yes 8700-8800 can be touched later.....and that's the debate how 8450--8500 holds........or gives up......targeting 7740.
I would still imagine "broader sideways" market for few more months.....if not a fall.
Vinay what do you feel for July. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #35 Posted: Tue Jun 23, 2015 4:39 pm Post subject: |
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| amitagg wrote: | | mdsaravana wrote: | | vinay what your view, 8630 still possible for this month? |
too far ....forget it for all purposes.....irrespective of Greeks outcome etc!...not above 8500 in any case. prior pivot high...entire rally with be done today....and tomorrow after the gap up or down as case me....it should be both side affair.
yes 8700-8800 can be touched later.....and that's the debate how 8450--8500 holds........or gives up......targeting 7740.
I would still imagine "broader sideways" market for few more months.....if not a fall.
Vinay what do you feel for July. |
Saravana, I did post earlier that I now expect 8450. Though nothing is impossible, 8630 is very much doubtful now as amit has replied since we have just 2 days left for expiry.
Amit, there is a -ve div on lower tf and we may see a mild reaction unless 8398 is taken out. There is also now a bearish div and we may see at least 120 and perhaps 180 point fall before next rally but not sure from which level. There are a lot of targets for July as long as 7860 is held on the downside. Will it go there? again doubtful. May be 8300 or 8160 before next rise. I feel a new high may come in 1-2 months but that will depend on how sustained the rise will be in July, if any.
One idea is to buy 8600ce/8100pe for July. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #36 Posted: Tue Jun 23, 2015 4:45 pm Post subject: |
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| Updated NF levels as of 22/06. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #37 Posted: Tue Jun 23, 2015 5:47 pm Post subject: |
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Follwing positive closing expect 40-80 points further rally in next few days since today also a positive close and market continue in weekly breakout mode . Target 8415-8465. Where one can intra short with stop at few points above 8500. Movement below 8330 shall tend to dent this projection( very short term). Spot values.
7 days rally and one or two more as per convention 'reasonably possible'. |
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mdsaravana
White Belt
Joined: 07 Feb 2014
Posts: 19
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| Post: #38 Posted: Tue Jun 23, 2015 6:46 pm Post subject: |
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| vinay28 wrote: | | amitagg wrote: | | mdsaravana wrote: | | vinay what your view, 8630 still possible for this month? |
too far ....forget it for all purposes.....irrespective of Greeks outcome etc!...not above 8500 in any case. prior pivot high...entire rally with be done today....and tomorrow after the gap up or down as case me....it should be both side affair.
yes 8700-8800 can be touched later.....and that's the debate how 8450--8500 holds........or gives up......targeting 7740.
I would still imagine "broader sideways" market for few more months.....if not a fall.
Vinay what do you feel for July. |
Saravana, I did post earlier that I now expect 8450. Though nothing is impossible, 8630 is very much doubtful now as amit has replied since we have just 2 days left for expiry.
Amit, there is a -ve div on lower tf and we may see a mild reaction unless 8398 is taken out. There is also now a bearish div and we may see at least 120 and perhaps 180 point fall before next rally but not sure from which level. There are a lot of targets for July as long as 7860 is held on the downside. Will it go there? again doubtful. May be 8300 or 8160 before next rise. I feel a new high may come in 1-2 months but that will depend on how sustained the rise will be in July, if any.
One idea is to buy 8600ce/8100pe for July. |
thanks vinay |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #39 Posted: Wed Jun 24, 2015 8:00 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Thursday (25/06/15) and beyond
Supports are at about 8335, 8326, 8306, 8291 and 8252 while resistances are at about 8374, 8396, 8409, 8447 and 8457. Previous high is about 8468 while 200 dma is at about 8367. Three +WWs can give about 8456, 8550 and 8600 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8335, 8316 and 8287 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8650 if nifty sustains above 8290.
Nifty fell after a little rise to close -ve but above 8350 but more importantly below 200 dma again. There is -ve div as well as a bearish div on daily and hence we may see some more fall. A close above 8459 will be bullish while a close below 8319 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Always trade carefully on expiry day. |
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