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Nifty View - March '15 Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #31  Posted: Wed Mar 04, 2015 1:09 pm Post subject: |
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| saurabhkurichh wrote: | ha ha .. i had to google that word "con..cons... conspicious " 
NIFTY closed the morning gap up...
lets see where nifty moves here on
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noooo, it didn't fill the gap at about 8996NS/9055NF. |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #32 Posted: Wed Mar 04, 2015 1:27 pm Post subject: |
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data diff ?
yesterday NF high was 9063.7 today low 9063.8 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #33 Posted: Wed Mar 04, 2015 2:28 pm Post subject: |
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| saurabhkurichh wrote: | data diff ?
yesterday NF high was 9063.7 today low 9063.8 |
gap should be counted from close. |
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bappa1971
White Belt
Joined: 19 Mar 2012
Posts: 171
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| Post: #34 Posted: Wed Mar 04, 2015 2:46 pm Post subject: hello |
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| 8888 today vinay......plzzzz |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #35 Posted: Wed Mar 04, 2015 2:49 pm Post subject: |
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| now filled up and at critical level. |
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bappa1971
White Belt
Joined: 19 Mar 2012
Posts: 171
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| Post: #36 Posted: Wed Mar 04, 2015 2:55 pm Post subject: hello |
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dont leave nf today vinay.....8888 kill and get me 8585 plssss....enjoyed my puts  |
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saurabhkurichh
White Belt
Joined: 30 Oct 2006
Posts: 127
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| Post: #37 Posted: Wed Mar 04, 2015 3:35 pm Post subject: |
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| vinay28 wrote: | | saurabhkurichh wrote: | data diff ?
yesterday NF high was 9063.7 today low 9063.8 |
gap should be counted from close. |
ok vinay , point noted  I thought of gaps as untraded areas |
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AjitS
White Belt
Joined: 21 Aug 2013
Posts: 138
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| Post: #38 Posted: Wed Mar 04, 2015 7:30 pm Post subject: |
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| vinay28 wrote: | | saurabhkurichh wrote: | Thanks Vinay for ur inputs
in hourly charts today low and yesterday low bear significance. NO resistances seen as per price patterns as empty zone.
As of Dow gap up , 0.6 % |
you are welcome saurabh. yes, today's low is indeed significant. However, I will be worried if it gives some tf close below even 8938/04. Also, a gap down open will be a warning because it may give bad effect similar to a tristar top. what's more the danger of a double top exists on NS though fortunately NF already made an all time high if I am right.
otherwise, it will zoom up very sharply in next 2 days. |
Vinay - very good prediction.
Also, as you said immediately after the above post on 2nd March, Do you still expect 8800 NS and then probably 9500 NS in March? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #39 Posted: Wed Mar 04, 2015 7:58 pm Post subject: |
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| Triangle break outs often retrace right upto TLs (and at times below also). 8850-8780 is buy zone, if it comes there. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #40 Posted: Wed Mar 04, 2015 7:59 pm Post subject: |
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| NF levels as of EOD 04/03. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #41 Posted: Wed Mar 04, 2015 8:27 pm Post subject: |
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This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.
Nifty for Thursday (05/03/14) and beyond
Supports are at about 8837, 8779, 8753 and 8733 while resistances are at about 8979, 9006, 9064/72 and 9110. A previously unfilled gap on lower side is at about 8683. Four +WWs can give about 9037/9122 (once above 8991), 9064 (once above 8961) and 9098 (once above 9021) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8713 (if below 9130, which is yet to be reached), 8644 (if below 8958) and 8596 (if below 9003) (-WWs with lower targets are not mentioned as of now). BO/BD of a ST can give 9300/8300 while BO/BD of an AT can give 9500/8320.
Nifty fell sharply after a huge gap up which took it to a new all time high above 9100 but closed below 8950 thereby suddenly appearing bearish. A close below about 8895 can cause more fall while a close above at least 8997 and preferably at/above 9038 may give some hopes to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as nifty has reacted from an unchartered territory and in view of the truncated week. Also, March is normally a month to book for income tax and NAV purposes. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #42 Posted: Wed Mar 04, 2015 8:32 pm Post subject: |
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Hi Just an inclination to ask..
do you trade bank nifty |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #43 Posted: Wed Mar 04, 2015 8:58 pm Post subject: |
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| amitagg wrote: | Hi Just an inclination to ask..
do you trade bank nifty |
no, though I had an itch to buy yesterday. Good I didn't as I was away when it reacted. but individual private banks are still good, particularly hdfc bank though not for short term trading. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #44 Posted: Thu Mar 05, 2015 1:40 pm Post subject: |
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| vinay28 wrote: | | Triangle break outs often retrace right upto TLs (and at times below also). 8850-8780 is buy zone, if it comes there. |
8850NS touched. |
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NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
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| Post: #45 Posted: Thu Mar 05, 2015 1:44 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | Triangle break outs often retrace right upto TLs (and at times below also). 8850-8780 is buy zone, if it comes there. |
8850NS touched. |
8900 PE sold at 100% profit!!
Waiting for next trade decision now! |
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