iCharts Discussions

[vinay28]

[rsnerella]

Decide what type of trader and Be on right side. As Vinay said, Vinay have some calculations and he is positional player. Trader as per plan is safe.

[vinay28]

For weekly trend to be up, today should close above about 5975 and that's doubtful.

[manojkr78]

Vinay,

Could you please post levels for today.....

Thanks

[vinay28]

[vinay28]

Nifty for Friday (07/06/13)

Supports are at about 5895, 5863, 5852 and 5825 while resistances are at about 5934, 5947, 5967, 5982, 6032 and 6087. Two likely +WWs give about 6001 and 6041 (+WWs with higher targets are not mentioned as of now). A likely -WW can give about 5882 (-WWs with lower targets are not mentioned presently). A rising wedge has broken down and can give about 5867 unless nifty reverses and goes up. A complex HnS can give about 5860 unless nifty reverses and goes up. Two falling wedges can give 6060/6130 upon BO unless nifty goes down again. A bullish flag can give higher level unless killed below 5900.

Nifty rose again a bit to close above 5900 but seems uncertain. However, the daily candle is a doji, a likely reversal sign. Also, a +ve div has developed on lower TFs. It now needs to close above 6032 and then 6087 to go up further. A daily close below about 5850 may mean further fall to about 5700. Today's weekly candle will be an important indicator. VIX and PCR are still high and can cause sharp volatility. Only global cues and/or liquidity can save nifty from more severe fall.

[manojkr78]

thanks vinay

[vinay28]

Today's OHLC of first 15 min are higher than yesterday.

[apka]

[vinay28]

[SP50]

[vinay28]

so far vix high of 17.48. It should come down below 17.35 and 16.90

[SP50]

There is small build up of OI in 6000PE. What does one make out of that one?

[vinay28]

just wait for a few min

[SP50]