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vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 15/03.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Wednesday (16/03/16) and beyond

Supports are at about 7447/34/24/14/04, 7391/68/59 and 7301 while resistances are at about 7489/97, 7508/23/66 and 7582. Unfilled gaps on higher and lower sides are at about 7741/7368 resp. 50 dma is at about 7370. Two +WWs can give about 7514 (if above 7464) and 7521 (if above 7476) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7432/7395 (if below 7531) and 7314 (-WWs with lower targets are not mentioned as of now).

Nifty fell sharply and closed well below 7500. Daily candle is bearish Marubuzo and confirmed Monday's evening star with strong -ve volume. Hence, further fall is expected. Nifty must close above 7539 to begin with while a close below 7361 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Monthly range can be very wide due to a long expiry.

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

thrusting pattern today???

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

amitagg · Black Belt Joined: 01 Oct 2013 Posts: 4559

5.92 percent!?

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Thursday (17/03/16) and beyond

Supports are at about 7468/47/30/20, 7393/65 and 7354 while resistances are at about 7526/39/76, 7619/26 and 7642. Unfilled gaps on higher and lower sides are at about 7741/7368 resp. 50 dma is at about 7365. Two +WWs can give about 7532 (if above 7473) and 7620 (+WWs with higher targets are not mentioned as of now). One -WW can give about 7391 (if below 7533) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7305 if nifty break below 7400 but gets nullified above 7548.

Nifty opened gap down and fell sharply but recovered smartly late in the day to close +ve and just below 7500. Daily candle is neither a perfect bullish Thrusting nor a Piercing one. However, volume was strong +ve and there is +ve div. Hence, we may see further rise. However, if nifty doesn't continue the uptrend after further rise on Thursday, if any, then it can fall again. Nifty must close above 7539 to begin with while a close below 7460 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Monthly range can be very wide due to a long expiry.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Two charts attached. One for lower Lakshman Resha and other for break out line.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 16/03.

AMBY · Yellow Belt Joined: 05 Sep 2014 Posts: 503

Thanks for updated charts with levels.

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

i was thinking 7612.90 NF should be touched... than the high which takes this out, if not broken by next 2 days, will look to sell...
or the low of the daily candle which breaks 7612.90, sell below that... either of the 2 cases....

thanks for your views...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Friday (18/03/16) and beyond

Supports are at about 7489/73/63/47/38/25/, 7396/68 and 7340 while resistances are at about 7520/32/49/75, 7620 and 7635. Unfilled gaps on higher and lower sides are at about 7741/7368 resp. 50/100 dma are at about 7359/7621 resp. Three +WWs can give about 7572 (if above 7526) and 7586 (if above 7535) and 7622 (+WWs with higher targets are not mentioned as of now). One -WW can give about 7390 (if below 7533) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a big gap but fell sharply to close above 7500. Daily candle is like a spinning top or a likely evening star. However, volume was strong +ve and hence, any fall may be small. Nifty must close above 7539/64 on daily basis and above 7564 on weekly basis for further rise while a close below 7460 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Monthly range can be very wide due to a long expiry.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels as of 17/03.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Monday (21/03/16) and beyond

Supports are at about 7574/50/34, 7480/47/24, 739176 and 7334 while resistances are at about 7642/57/70/83/98, 7721 and 7685. Unfilled gaps on higher and lower sides are at about 7741/7368 resp. 100 dma is at about 7614. Four +WWs can give about 7624/55 and 7711/33 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7429 (if below 7591) and 7385 (if below 7585) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down, fell a bit and then rose sharply to close just above 7600. Weekly candle is a hanging man but with strong +ve volume. Therefore, next week's candle will be crucial. Nifty must close above 7762 for further rise while a close below 7538 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Monthly range can be very wide due to a long expiry.