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vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 13/06.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

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

Supports are at about 8101, 8071/51/36/14 and 7985 while resistances are at about 8114/27/42/73, 8212/27 and 8285. Unfilled gaps on the higher/lower sides are at about 8171/7934 resp. A +WW can give about 8197 (if above 8145) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8056 (if below 8113) and 7860 (if below 8225) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened gap up but fell to close flat and above 8100. Daily candle is like a hammer but with -ve volume and there is -ve div. Hence, we may see some more fall before recovery. The hidden bearish div on longer period can give major fall if sustained selling continues. Nifty must close above 8202 to begin with while a close below 8069 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being a long expiry and we could see high volatility.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Thursday (16/06/16) and beyond

Supports are at about 8178/21, 8088 and 8014 while resistances are at about 8224/42/59/74, 8344 and 8359. Unfilled gaps on the higher/lower sides are at about 8373/8108 resp. A +WW can give about 8369 (if above 8170) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8100 (if below 8170), 8071 (if below 8121) and 7829 (if below 8245) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened gap up and rose sharply to close above 8200. But volume is not strong. Hence, we may see some fall after a small further rise, if any. The hidden bearish div on longer period can give major fall if sustained selling continues. Nifty must close above 8274 to rally further while a close below 8108 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being a long expiry and we could see high volatility.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Friday (17/06/16) and beyond

Supports are at about 8129/16, 8090/74/23 and 8014 while resistances are at about 8180/92, 8203/12/41 and 8259. Unfilled gaps on the higher/lower sides are at about 8207/7934 resp. Two +WWs can give about 8210 (if above 8124) and 8370 (if above 8165) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8080 (if below 8145) and 7995 (if below 8190) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000. A HnS can give about 7995 once below 8070 while an ascending, broadening wedge can give 8015 once below 8080.

Nifty opened gap down and fell. It recovered a bit to close -ve and below 8150. Volume is strong -ve. Hence, we may see some more fall. The hidden bearish div on longer period can give major fall if sustained selling continues. Nifty must close above 8207 to begin with while a close below 8108 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being a long expiry and we could see high volatility.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 16/06.

shrvij · White Belt Joined: 25 Jun 2011 Posts: 15

Vinay sir,

Can you post your observation about GAIL?
I feel IH&S is in formation oncash EOD.
Thanks a lot

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 17/06.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Monday (20/06/16) and beyond

Supports are at about 8164/36/26/05, 8082/76/32/14 and 8002 while resistances are at about 8184, 8201/08/30/37 and 8282. Unfilled gaps on the higher/lower sides are at about 8207/7934 resp. A +WW can give about 8201 (if above 8134) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8080 (if below 8171), 8058 (if below 8145) and 7993 (if below 8192) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000. A HnS can give about 7995 once below 8070 while an ascending, broadening wedge can give 8000 once below 8080.

Nifty opened gap up but couldn't sustain and fell to close above 8150. Daily candle was a doji with strong +ve. Hence, we may see some rise before next fall. The hidden bearish div on longer period can give major fall if sustained selling continues. Friday was a NR7 day and we may see a big move soon. Nifty must close above 8207 to begin with while a close below 8108 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being a long expiry and we could see high volatility.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Tuesday (21/06/16) and beyond

Supports are at about 8194/76/46/00, 8087/57 and 8044 while resistances are at about 8256/89, 8301/22/36/59 and 8377. Unfilled gaps on the higher/lower sides are at about 8373/7934 resp. A +WW can give about 8311 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8147 ((if below 8213) and 8078 (if below 8173) (if below 8192) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened gap down with a big gap but rose sharply to close well above 8200. Daily candle is a bullish, engulfing marubuzo but volume is not strong +ve. Hence, we may see a fall after some more rise, if any. Nifty must close above 8274 to continue the rally with while a close below 8140/08 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being an eventful weekend considering Brexit and also because this being a long expiry and we could see high volatility.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Wednesday (22/06/16) and beyond

Supports are at about 8193/66/44/16, 8095/82 and 8063 while resistances are at about 8229/45/78/85, 8301 and 8359. Unfilled gaps on the higher/lower sides are at about 8373/7934 resp. Two +WWs can give about 8249 (if above 8199) and 8313 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8132 ((if below 8219) and 8076 (if below 8175) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened gap down but fell to close -ve above 8200. Daily volume is strong -ve considering small range and there is -ve div. Hence, we may see more fall. Nifty must close above 8274 to continue the rally with while a close below 8140/08 can cause more fall. Tuesday was a NR( day and we may see a big range soon. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being an eventful weekend considering Brexit and also because this being a long expiry and we could see high volatility.

doctorshah · White Belt Joined: 24 Jul 2011 Posts: 95

Vinay NR?

anusantosh · White Belt Joined: 19 Jun 2011 Posts: 105

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Thursday (23/06/16) and beyond

Supports are at about 8195/71/56/46/10, 8093/87 and 8037 while resistances are at about 8223/47/65/87, 8301 and 8359. Unfilled gaps on the higher/lower sides are at about 8373/7934 resp. Two +WWs can give about 8278 (if above 8190) and 8315 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8121 ((if below 8226) and 8006 (if below 8166) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened flat and fell but recovered to close -ve and just above 8200. Daily candle is a doji indicating uncertainty. Nifty must close above 8274 to continue the rally with while a close below 8140/08 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully this being an eventful weekend considering Brexit voting on Thursday evening and we could see high volatility.