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Nifty View - June 2013 |
chandrujimrc
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Joined: 21 Apr 2009
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Post: #496  Posted: Wed Jun 12, 2013 3:14 pm Post subject: |
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| So vinay,you are expecting VIX EOD -WW entry. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #497 Posted: Wed Jun 12, 2013 3:19 pm Post subject: |
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| chandrujimrc wrote: | | So vinay,you are expecting VIX EOD -WW entry. |
I feel by reversing from 19.85, entry was made with target at least 16.05.
at last 18.94 broken with a new low of 18.80 |
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vinay28
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| Post: #498 Posted: Wed Jun 12, 2013 3:21 pm Post subject: |
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| vinay28 wrote: | | again a doji candle I guess |
apka, morning doji star? |
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vinay28
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| Post: #499 Posted: Wed Jun 12, 2013 3:28 pm Post subject: |
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| Sudarshan Sukhani recommended buy in RIL just now. |
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Neotrader
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Joined: 13 Feb 2011
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| Post: #500 Posted: Wed Jun 12, 2013 3:32 pm Post subject: |
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| Yes...SBI & RIL are buy now. They will spark the rally. |
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vinay28
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| Post: #501 Posted: Wed Jun 12, 2013 3:35 pm Post subject: |
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| Neotrader wrote: | | Yes...SBI & RIL are buy now. They will spark the rally. |
you don't know the hidden meaning behind my comment.  |
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rsnerella
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Joined: 30 Jul 2008
Posts: 153
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| Post: #502 Posted: Wed Jun 12, 2013 4:23 pm Post subject: Nifty View- June 2013 |
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| vinay28 wrote: | | Sudarshan Sukhani recommended buy in RIL just now. |
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SP50
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| Post: #503 Posted: Wed Jun 12, 2013 5:05 pm Post subject: |
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Fitch I guessed upgraded India's rating outlook from Negative to Stable.
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #504 Posted: Wed Jun 12, 2013 9:06 pm Post subject: |
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| vinay28 wrote: | | Neotrader wrote: | | Yes...SBI & RIL are buy now. They will spark the rally. |
you don't know the hidden meaning behind my comment. |
not sure how sukhani's stock picks are, but have seen few times before his nifty level views come true often. even near 5950 this time he said go short for 5700. and here we are close.
yeh, candle looks to be mrng star. incase of gap down it fails or?
SGX Nifty saw 5800 sometime back maybe on the back of news, but now 5740.50 -29.50 -0.51%.
DII again have purchased today and in good numbers 700+cr |
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rsnerella
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| Post: #505 Posted: Wed Jun 12, 2013 9:09 pm Post subject: Nifty View- June 2013 |
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Is it a morning star or spinning top? Any difference? Is it a continuation pattern? | apka wrote: | | vinay28 wrote: | | Neotrader wrote: | | Yes...SBI & RIL are buy now. They will spark the rally. |
you don't know the hidden meaning behind my comment. |
not sure how sukhani's stock picks are, but have seen few times before his nifty level views come true often. even near 5950 this time he said go short for 5700. and here we are close.
yeh, candle looks to be mrng star. incase of gap down it fails or?
SGX Nifty saw 5800 sometime back maybe on the back of news, but now 5740.50 -29.50 -0.51%.
DII again have purchased today and in good numbers 700+cr |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #506 Posted: Wed Jun 12, 2013 9:28 pm Post subject: Re: Nifty View- June 2013 |
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| rsnerella wrote: | | Is it a morning star or spinning top? Any difference? Is it a continuation pattern? |
i guess that too possible that its continuation pattern incase spinning top.. |
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ritapandit25
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Joined: 04 May 2013
Posts: 2926
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| Post: #507 Posted: Wed Jun 12, 2013 9:28 pm Post subject: Nifty View |
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| Tomoro Nifty open is important. If open high equal more down side can be. Nifty weekly chart give the tg of 5680. |
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apka
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Joined: 13 Dec 2011
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| Post: #508 Posted: Wed Jun 12, 2013 9:41 pm Post subject: Re: Nifty View |
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| ritapandit25 wrote: | | Tomoro Nifty open is important. If open high equal more down side can be. Nifty weekly chart give the tg of 5680. |
you are welcome to share charts if you wish |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #509 Posted: Wed Jun 12, 2013 10:38 pm Post subject: |
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Nifty for Thursday (13/06/13)
Support is at about 5723 while 5700-5750 is strong support zone. Resistances are at about 5781, 5800, 5834, 5863 and 5922. 200ema and 61.8% retracement of fall from 6229 are around 5665. Two likely +WWs give about 5803 and 5938 (once above 5821) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned presently). Two falling wedges can give 5972/6130 upon BO above 5785/5825.
Nifty recovered after a gap down open but still closed at a new low below 5800 and seems destined to go to 5700/5625/5500. However, the daily candle is a morning doji star, a reversal sign. To confirm reversal, nifty must close well above 5789, preferably above 5819, and that too preferably with a gap up open. Also, a +ve div persists CCI on daily chart and on RSI on lower TFs. A Red candle (with a gap down open) and close below Wednesday's close will result in further fall. Nifty now needs to close above 5908 first to give some hope to bulls. VIX and PCR are still high and can cause sharp volatility. Only global cues and/or liquidity can save nifty from more severe fall. |
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vinay28
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Joined: 24 Dec 2010
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| Post: #510 Posted: Thu Jun 13, 2013 8:19 am Post subject: Re: Nifty View |
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| ritapandit25 wrote: | | Tomoro Nifty open is important. If open high equal more down side can be. Nifty weekly chart give the tg of 5680. |
I will be nibbling between 5705-5680. |
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