iCharts Discussions

[vinay28]

Will this TL hold? At least nifty bounced off it near EOD.

[vinay28]

[vinay28]

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

Nifty for Friday (27/02/14) and beyond

Supports are at about 8640 and 8596 while resistances are at about 8714, 8727, 8757, 8781, 8830 and 8847. A previously unfilled gap on lower side is at about 8565. Five +WWs can give about 8741 (once above 8691), 8763 (once above 8719), 8819 (once above 8742), 8863 (once above 8686) and 8879 (once above 8723) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8600, 8495 and 8340 (-WWs with lower targets are not mentioned as of now).

Nifty fell sharply again and closed below 8700 and appears very bearish. But it will be improper to conclude so firmly in view of the budget on weekend. Also, there is a mild bullish div and we may see a reversal soon. First hint of bullishness will be a close above 8834 but only a close above 8953 may take it to a new high. A close below about 8565 can be bad in short term. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as we can see wild swings due to rising vix in view of the budget this weekend.

[amitagg]

Views can differ but at cost of interference mentioning that your second support level of 8600 and 50-75 below that is a very good demand zone which shall give ONE bounce of 150-200 points at least and hence good entry point for positional or even daily option players like you on the long side........

[amitagg]

[vinay28]

I am having 9300ce. I will sell around 8775 and buy 8400pe as I have shares. will buy calls only above 8841

or if it falls to 8595 first then buy more calls

[vinay28]

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

Nifty for Saturday (28/02/14) and beyond

Supports are at about 8806, 8780, 8755, 8742, 8726, 8666 and 8572 while resistances are at about 8896, 8901, 8946, 8967, 9016 and 9186. A previously unfilled gap on lower side is at about 8683. Four +WWs can give about 8892, 9003, 9014 and 9104 (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8677 (once below 8822), 8649/8332 (if below 8941, which is yet to be reached), 8576 and 8495 (-WWs with lower targets are not mentioned as of now).

Nifty rose sharply in spite of a gap up open and closed just below 8850 and suddenly appears very bullish. Daily candle is a big, bullish Marubuzo. But it will be improper to conclude so firmly in view of there being an extremely major event day. To begin with, nifty must cross and sustain above 8914 but only a close above 8953 may take it to a new high. A close below about 8565 can be bad in short term. Incidentally, a close above 8953/8836/8809 will constitute an all time high close on daily/weekly/ monthly basis resp. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as we can see high volatility and wild swings this being a budget day.

[vinay28]

BO/BD targets for two triangles are at least 9000/9300 and 8500/8300 resp.

[vinay28]

all time high weekly and monthly close

[onemore_bugga]

My number was 8965 and avaitor was @ 8990... so lets see who is In and who is out

[vinay28]

[vinay28]

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

Nifty for Monday (02/03/14) and beyond

Supports are at about 8864, 8846, 8780, 8771/68, 8726 and 8675 while resistances are at about 8967, 8979, 9055, 9072 and 9242. A previously unfilled gap on lower side is at about 8683. Five +WWs can give about 9010, 9028, 9054, 9101 and 9137 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8726 (once below 8946), 8638 (if below 8976, which is yet to be reached) and 8600 (-WWs with lower targets are not mentioned as of now). BO/BD of a ST can give 9300/8300.

Nifty recovered equally sharply after a sharp fall in spite of a big gap up open and managed to close just above 8900 and continues to be very bullish. Also, it was an all time high weekly/monthly close. However, one needs to be careful because it is perhaps the first time in history that daily/weekly/monthly candles are (long legged) hanging men and there is a mild -ve div and we may see some reaction. A close above 8953 will be the first hint of a imminent new high. A close below about 8895 can cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully in view of high volatility as nifty approaches an all time high.

[vinay28]

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

Nifty for Tuesday (03/03/14) and beyond

Supports are at about 8938, 8904, 8885, 8859, 8847, 8837, 8771 and 8733 while resistances are at about 8991, 9006, 9026, 9072 and 9110. A previously unfilled gap on lower side is at about 8683. Five +WWs can give about 9010, 9031, 9069, 9103 and 9140 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8707 (once below 8950), 8623 (if below 8976, which is yet to be reached) and 8612 (if below 8995, which is yet to be reached) (-WWs with lower targets are not mentioned as of now). BO/BD of a ST can give 9300/8300 while BO of an AT can give 9390.

Nifty recovered again after a fall in spite of a big gap up open and managed to close not only above 8950 but also at an all time high. Daily candle is again a hanging man cum long legged doji and there is a mild -ve div in lower tf and hence we may see some reaction. A close below about 8895 can cause some fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully in view of high volatility as nifty approaches an all time high. Also, March is normally a month to book for income tax and NAV purposes.

[saurabhkurichh]

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 %

[vinay28]