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Nifty View - June 2013 |
apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #586 Posted: Thu Jun 13, 2013 4:05 pm Post subject: |
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SP50 wrote: | Govt revises Factory output data in span of 1 day. Why do they not confirm figures before they publish. Numbers have no sanity left,  |
to what? cant see |
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apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #587 Posted: Thu Jun 13, 2013 4:07 pm Post subject: Re: Nifty View- June 2013 |
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SP50 wrote: | apka wrote: | rsnerella wrote: | Red candle with a gap down, so yesterday candle shows it's continuation to the previous fall.
apka wrote: | daily nifty and bank nifty candles are? |
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not updated yet on screen, but as per figures they look like inverted hammer / mrng doji star |
Apka have you seen the OI buildup in CEs. This fall will be extended after the rate cut decision i guess. |
seen, but not counting on it yet, remember what happened in april, DII buying induced short covering. |
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apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #588 Posted: Thu Jun 13, 2013 4:08 pm Post subject: |
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vinay28 wrote: | apka, is today a NR7 day? |
i forgot it's concept, it happens infrequently... saumya pls inform us as you know better and also what the clouds saying  |
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 11748
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Post: #589 Posted: Thu Jun 13, 2013 4:09 pm Post subject: Re: Nifty View- June 2013 |
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apka wrote: | rsnerella wrote: | Red candle with a gap down, so yesterday candle shows it's continuation to the previous fall.
apka wrote: | daily nifty and bank nifty candles are? |
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not updated yet on screen, but as per figures they look like inverted hammer / mrng doji star |
Both are spinning tops.
IIP nos. revised were twice today first to 2.2% and 2.3% within an hour.
Last edited by vinay28 on Thu Jun 13, 2013 8:34 pm; edited 1 time in total |
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 11748
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Post: #590 Posted: Thu Jun 13, 2013 4:35 pm Post subject: |
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vinay28 wrote: | apka, is today a NR7 day? |
actually its' NR24 day.  |
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SP50 Brown Belt

Joined: 26 Nov 2010 Posts: 1615
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Post: #591 Posted: Thu Jun 13, 2013 4:42 pm Post subject: |
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vinay28 wrote: | vinay28 wrote: | apka, is today a NR7 day? |
actually its' NR24 day.  |
What is this NR? |
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 11748
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Post: #592 Posted: Thu Jun 13, 2013 5:23 pm Post subject: |
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SP50 wrote: | What is this NR? |
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apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #593 Posted: Thu Jun 13, 2013 8:44 pm Post subject: |
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13/6/13: DII:+713Cr
12/6/13: DII:+717Cr
11/6/13: DII:+313Cr
7/6/13 : DII:+172Cr
6/6/13 : DII:+298Cr
31/5/13: DII:+203Cr
Good sign, again DII bought today also...they are buying at these lower levels now indicating support here. its also close to their earlier accumulation zone of 5500-5600
Like todays SBIN 30min chart I posted, a similar pos div showing immediate bottom for nifty is made, which should take nifty to 5790-5810 and bank nifty to 11950-12000 as per me by tomorrow or monday. (attached) |
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 11748
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Post: #594 Posted: Thu Jun 13, 2013 8:52 pm Post subject: |
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apka, only hope for "bulls" is either a very big green candle which pierces Tuesday's candle i.e. closes well above 5789 (preferably above 5819) OR a big green hammer OR a tri-star bottom with a gap up open. |
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masa White Belt

Joined: 06 Jan 2007 Posts: 162
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Post: #595 Posted: Fri Jun 14, 2013 6:39 am Post subject: |
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Nifty Update |
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saumya12 Brown Belt

Joined: 21 Dec 2011 Posts: 1509
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Post: #596 Posted: Fri Jun 14, 2013 9:05 am Post subject: |
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apka wrote: | vinay28 wrote: | apka, is today a NR7 day? |
i forgot it's concept, it happens infrequently... saumya pls inform us as you know better and also what the clouds saying  |
Yes today is NR7 day. NR = Narrow Range
NR7 and NR4 day indicate a volatile day.
For detailed study look for "29825-trading-nr7-setup"
Vinay and Apka, you are trader or traderji.
As far as Ichimoku is concerned, it is totally bearish till the price does not move up of 5900 or higher as per Kumo position, the slope of which is moving upwards.All the 3 major line, Chikou, Kijun and Tenkan are sloping downwards, more or less vertically, which is not a good sign for bulls.
I know today we may have a gap up open but the upmove may be resisted at 5800 - 5825 and if unable to move upwards any further we can see a down move again. |
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apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #597 Posted: Fri Jun 14, 2013 9:11 am Post subject: |
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saumya12 wrote: | apka wrote: | vinay28 wrote: | apka, is today a NR7 day? |
i forgot it's concept, it happens infrequently... saumya pls inform us as you know better and also what the clouds saying  |
Yes today is NR7 day. NR = Narrow Range
NR7 and NR4 day indicate a volatile day.
For detailed study look for "29825-trading-nr7-setup"
Vinay and Apka, you are trader or traderji.
As far as Ichimoku is concerned, it is totally bearish till the price does not move up of 5900 or higher as per Kumo position, the slope of which is moving upwards.All the 3 major line, Chikou, Kijun and Tenkan are sloping downwards, more or less vertically, which is not a good sign for bulls.
I know today we may have a gap up open but the upmove may be resisted at 5800 - 5825 and if unable to move upwards any further we can see a down move again. |
thanks saumya, got it.
but what did you mean by the bold line, didn't get you? |
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apka Black Belt

Joined: 13 Dec 2011 Posts: 6137
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Post: #598 Posted: Fri Jun 14, 2013 9:15 am Post subject: |
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vinay what level shouldnt break today intraday (5730 NS?) to make yesterdays candle an abandoned baby ? |
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SP50 Brown Belt

Joined: 26 Nov 2010 Posts: 1615
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Post: #599 Posted: Fri Jun 14, 2013 9:46 am Post subject: |
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RIL balle balle!!!
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vinay28 Black Belt

Joined: 24 Dec 2010 Posts: 11748
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Post: #600 Posted: Fri Jun 14, 2013 9:53 am Post subject: |
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apka wrote: | vinay what level shouldnt break today intraday (5730 NS?) to make yesterdays candle an abandoned baby ? |
abandoned baby at bottom? |
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