iCharts Discussions

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (09/03/14) and beyond

Supports are at about 8914, 8872, 8737, 8806, 8771 and 8733 while resistances are at about 8981, 9006, 9024, 9072 and 9110. A previously unfilled gap on lower side is at about 8683. Three +WWs can give about 8976/9075/9135 (if above 8882) (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8878/61 (if below 8936), 8624 (if below 9033) and 8615/8579 (if below 9072) (-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 recovered after a fall but still closed below 8950 and is in an uncertain phase. Daily candle is a hammer cum long legged doji and weekly candle is more of a doji than an inverted hammer. Further fall till 8800-8750 seems possible as of now unless it reverses sharply after some fall. 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.

[PS Trader]

[vinay28]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (10/03/14) and above

Supports are at about 8698, 8645 and 8601 while resistances are at about 8772, 8797, 8819, 8852 and 8953. A previously unfilled gap on lower side is at about 8683. Three +WWs can give about 8797 (if above 8750), 8972 (one above 8802) and 8991 (once above 8846) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8600 (if below 8970) (-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 in spite of a big gap down open as posted for Monday but managed to close above the crucial level of 8750 and looks very bearish. Daily candle is a big, bearish, Marubuzo. However, a bullish div has developed and we may soon see a sharp reversal. A close below about 8683 can more damage while a close above 8938 may give hopes to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as March is normally a month to book for income tax and NAV purposes.

[vinay28]

Gap at 8683 filled.

[vinay28]

Updated NF levels as of EOD 09/02. Almost reached S1 today.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (11/03/14) and beyond

Supports are at about 8698, 8666, 8621 and 8601 while resistances are at about 8723, 8772, 8824 and 8969. A previously unfilled gap on lower side is at about 8565. Three +WWs can give about 8783 (if above 8717), 8979 (once above 8730) and 9017 (once above 8812) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8571/61 (-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 again and closed below 8750 and continues to look very bearish. However, a bullish div has developed as also a +ve div on lower TFs and we may soon see a sharp reversal. A close below about 8588 can cause more damage while a close above 8938 may give hopes to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as March is normally a month to book for income tax and NAV purposes.

[vinay28]

Likely support at 8658? Otherwise 8647/8627/8592/8570 crucial.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (12/03/14) and beyond

Supports are at about 8669, 8658, 8639 and 8601 while resistances are at about 8713, 8743, 8772, 8786, 8819 and 8830. A previously unfilled gap on lower side is at about 8565. Five +WWs can give about 8787 (once above 8712), 8805 (once above 8742), 8827 (if above 8674), 8986 (once above 8710) and 9027 (once above 8808) (+WWs with higher targets are not mentioned as of now). One -WW can give about 8551 (-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 again and closed just below 8700 and continues to look very bearish. However, a bullish div has developed as also a +ve div on lower TFs and we may soon see a sharp reversal. A close below about 8588 can cause more damage while a close above 8938 may give hopes to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as March is normally a month to book for income tax and NAV purposes.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (13/03/14) and beyond

Supports are at about 8765, 8743, 8711, 8698 and 8601 while resistances are at about 8798, 8820 and 8969. A previously unfilled gap on lower side is at about 8565. Five +WWs can give about 8793 (if above 8706), 8809 (if above 8738), 9006/26 (if above 8737) and 9055 (once above 8791) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8541/25 (-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. A HnS can give about 8435 if nifty break down below 8678.

Nifty rose after a gap up open and closed above 8750 indicating that the bullish div posted earlier is working. A close below about 8699 can cause more fall. A close above 8821 will give a hammer on weekly but only a close above 8938 may give hopes to bulls. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as March is normally a month to book for income tax and NAV purposes.

[riteshucha]

will look to buy SL 8707 NF
and BNF with SL 18900 Spot

[bappa1971]

[satishkadam]

[riteshucha]

yes SL done...
bappa sir, feel it will eventually break 8688 today only or by monday...
will look to sell around 8765/8790 SL 8813

[bappa1971]