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Nifty View - June Series 2014 |
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #136  Posted: Wed Jun 18, 2014 2:41 pm Post subject: |
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| amitagg wrote: | | riteshucha wrote: | | may be giving another opportunity to short... |
Agreed.....but as Mikky mentioned shorters in this market difficult to make money...i am short in NF July 7635
.......2 possibilites one market may fall 300-400 points from here....i expect mroe probable but 'expectation' and market movement may not tally
other...market may be sideways with up 200 points and lower 200 points and close July around 7600/7500....budget may again kill some shorts....and markets may move lower after that..... |
one possibility is similar to 6850-6650 movement.....like now market moving in 7670-7470 band...since values more...band can extend on downside i lit bit to gather more shorts and make way for rally .... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #137 Posted: Wed Jun 18, 2014 2:50 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | | riteshucha wrote: | | may be giving another opportunity to short... |
Agreed.....but as Mikky mentioned shorters in this market difficult to make money...i am short in NF July 7635
.......2 possibilites one market may fall 300-400 points from here....i expect mroe probable but 'expectation' and market movement may not tally
other...market may be sideways with up 200 points and lower 200 points and close July around 7600/7500....budget may again kill some shorts....and markets may move lower after that..... |
one possibility is similar to 6850-6650 movement.....like now market moving in 7670-7470 band...since values more...band can extend on downside i lit bit to gather more shorts and make way for rally .... |
SL of 7680 for the July short.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #138 Posted: Wed Jun 18, 2014 2:55 pm Post subject: |
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| amitagg wrote: | | apka wrote: | | rameshraja wrote: | | On Monday, Nifty Future can be shorted on pullback between 7620 to 7640 with Stop at 7686 for TGT of 7500 - 7320 - 7285 for swing trade.. |
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so Mr Apka, Vinay, Vishy etc who took the shorts......one is holding for 7285 or exiting or part exiting...? small exit or major exit?......stop is same?........ |
I sold 50% of 7500pe and bought 25% at lower level again. not sure whether correct decision unless it closes above 40. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #139 Posted: Wed Jun 18, 2014 3:27 pm Post subject: |
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| Dear ramesh sir,can we see 7285 in june expiry?or next month. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #140 Posted: Wed Jun 18, 2014 8:18 pm Post subject: |
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Mr ragarwal
Nifty Future support levels for this settlement around 7520 and if only breaks 7479, it can fall further.. Else it will keep rotating between 7525 to 7650 till the end of this settlement. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #141 Posted: Wed Jun 18, 2014 8:24 pm Post subject: |
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| Thnx mr raja.btw i am a mrs not mr. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #142 Posted: Wed Jun 18, 2014 8:43 pm Post subject: |
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| ragarwal wrote: | | Thnx mr raja.btw i am a mrs not mr. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #143 Posted: Wed Jun 18, 2014 9:05 pm Post subject: |
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Nifty for Thursday (19/06/14)
Supports are closely spaced at about 7547, 7529, 7510, 7491, 7466, 7439 and 7398 while resistances are at about 7559, 7593, 7619, 7650 and 7671. An unfilled gap on lower side is at about 7474. Two +WWs can give about 7688 (once above 7482, yet to be reached) and 7741 (once above 7568) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7425 (once below 7588) and 7338 (once below 7551) (-WWs with much lower targets are not mentioned as of now). Two rising channel/ wedge can give about 7360/7120 if nifty continues to go down. A bearish flag can give higher level unless killed above 7585. A HnS can give about 7470 unless nifty goes above 7675.
Nifty fell sharply to close just above 7550 and looks bearish. Also, the daily candle is bearish piercing and volume was more than that on Tuesday. Close below 20 dma (~7459) can cause more fall. VIX can play spoil sport. However, liquidity is still abundant and one needs to be careful. It appears that global issues along with rising oil price and US$ will continue to cast a shadow for a few days.
Thursday can be a TCD. |
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diamatrix
White Belt
Joined: 30 Oct 2006
Posts: 7
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| Post: #144 Posted: Wed Jun 18, 2014 9:09 pm Post subject: |
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| rr sir...do u remember me??? how are u sir??? |
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diamatrix
White Belt
Joined: 30 Oct 2006
Posts: 7
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| Post: #145 Posted: Wed Jun 18, 2014 9:24 pm Post subject: |
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| rr sir.. i still remember the renuka trade as per the fibo table....i still remain convinced that the screen is more important than any charting software and a good trader listens to what the screen is telling him....also our discussions as to how the murugappa group will do well alongwith ur assessments of illiquid stocks like mrf concor lmw etc...its been some years sir...i have left trading...just managing my longterm investments. i have been and will remain super bullish for some time on agrichemicals and chemicals like monsanto basf etc and on bearings like fag and timken. i also am accumulating power especially equipment cos like t td power systems....would love ur views on these themes ....hope u are doing well. was always wondeful learning from u... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #146 Posted: Wed Jun 18, 2014 9:32 pm Post subject: |
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| diamatrix wrote: | | rr sir.. i still remember the renuka trade as per the fibo table....i still remain convinced that the screen is more important than any charting software and a good trader listens to what the screen is telling him....also our discussions as to how the murugappa group will do well alongwith ur assessments of illiquid stocks like mrf concor lmw etc...its been some years sir...i have left trading...just managing my longterm investments. i have been and will remain super bullish for some time on agrichemicals and chemicals like monsanto basf etc and on bearings like fag and timken. i also am accumulating power especially equipment cos like t td power systems....would love ur views on these themes ....hope u are doing well. was always wondeful learning from u... |
this thread is for nifty only. pl post your such comments under "individual stocks" and delete from here. thanks |
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diamatrix
White Belt
Joined: 30 Oct 2006
Posts: 7
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| Post: #147 Posted: Wed Jun 18, 2014 9:38 pm Post subject: |
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mr vinay
just saw mr raja here so replied. btw will do as u suggest. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #148 Posted: Thu Jun 19, 2014 7:15 am Post subject: nifty 30 min |
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nifty 30 min
F trgt again 7660 and G back to 7500 lvls
above 7662/7668 has the potential to trgt 7725/26 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #149 Posted: Thu Jun 19, 2014 7:57 am Post subject: |
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| diamatrix wrote: | mr vinay
just saw mr raja here so replied. btw will do as u suggest. |
thank you diamatrix for your appreciation. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #150 Posted: Thu Jun 19, 2014 11:10 am Post subject: |
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| NF should go to at least 7644 today to give hope for further rise. otherwise it will remain volatile till budget dates are announced. |
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