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Nifty View - MARCH 2013 |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #676  Posted: Wed Mar 27, 2013 10:29 am Post subject: |
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Miner Fib Retracement: Let me stick my neck out again!
One set 2nd set
.786 5890.7 1.618 6028.4
.618 5849.6 1.0 5877.7
.5 5820.8 0.618 5784.5
.382 5791.9
Immediately we can expect NS (close) to reach 5784.5-5791.9
Next we can expect 5849.6 - 5877.7
If NS (close) crosses 5890.7 then further nice rally upwards can be expected and we may even see 6028.4
Cheers, Prakash Holla
Last edited by pkholla on Wed Mar 27, 2013 7:31 pm; edited 1 time in total |
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rksharma1091
White Belt
Joined: 20 Jan 2009
Posts: 49
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| Post: #677 Posted: Wed Mar 27, 2013 10:43 am Post subject: bullishness wanted |
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| thanks pkholla me too wanted 5900 in april or even higher |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #678 Posted: Wed Mar 27, 2013 4:47 pm Post subject: |
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| pkholla wrote: | Miner Fib Retracement: Let me stick my neck out again!
One set 2nd set
.786 5890.7 1.618 6028.4
.618 5849.6 1.0 5877.7
.5 5820.8 0.618 5784.5
.382 5791.9
Immediately we can expect NS (close) to reach 5784.5-5791.9
Next we can expect 5849.6 - 5877.7
If NS (close) crosses 5890.7 then further nice rally upwards can be expected and we may even see 6028.4
Cheers, Prakash Holla |
Prakash, what about calculation of lower levels? |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #679 Posted: Wed Mar 27, 2013 5:03 pm Post subject: |
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| vinay28 wrote: | | Prakash, what about calculation of lower levels? |
Vinay: Please see my excel calculator. The calci has 2 sets of calculators + 2 sets of chart explanation
The immediate pattern of past days supports upward move, I believe.
Also last time I posted, I gave for downward move ending in 0.786 retracement at 5750.7 NS warning that below that 0.786 level, NS would free fall which is exactly what happened. But I dont have any calculations beyond 0.786 level.
Cheers, Prakash Holla |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #680 Posted: Wed Mar 27, 2013 5:27 pm Post subject: |
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| pkholla wrote: | Vinay: Please see my excel calculator. The calci has 2 sets of calculators + 2 sets of chart explanation
The immediate pattern of past days supports upward move, I believe.
Also last time I posted, I gave for downward move ending in 0.786 retracement at 5750.7 NS warning that below that 0.786 level, NS would free fall which is exactly what happened. But I dont have any calculations beyond 0.786 level.
Cheers, Prakash Holla |
God bless you!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #681 Posted: Thu Mar 28, 2013 4:32 pm Post subject: |
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| apka, the daily candle is merely bullish but the weekly candle is a hammer, the monthly candle is an inverted hammer while the yearly candle is like a Doji. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #682 Posted: Thu Mar 28, 2013 4:48 pm Post subject: |
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vinay, yes i was checking the same. but i cant see yearly candle, can you post one when you get the time?
last months candle plus this month's is lookng like the three line strike bullish continuation candles to me. I think it fits the criteria?
weekly i am not sure how much weightage to give since only 3 days we have traded but good in any case its in tone with daily and monthly.
April FNO is seeing good built up in 5600pe. It did on tuesday also. Another indicator market would not fall.
We have closed above 5ema today in both nifty and bank nifty. So, 5770-5775 should be coming next week. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #683 Posted: Thu Mar 28, 2013 7:32 pm Post subject: |
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| apka wrote: | | vinay, yes i was checking the same. but i cant see yearly candle, can you post one when you get the time? |
I worked it out - O -5296.35, H - 6111.80, L - 4770.35 & C - 5682.55
By the way, daily candle is also an "imperfect" hammer. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #684 Posted: Thu Mar 28, 2013 7:47 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | | vinay, yes i was checking the same. but i cant see yearly candle, can you post one when you get the time? |
I worked it out - O -5296.35, H - 6111.80, L - 4770.35 & C - 5682.55
By the way, daily candle is also an "imperfect" hammer. |
ok, danke! |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #685 Posted: Thu Mar 28, 2013 7:54 pm Post subject: |
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| vinay28 wrote: | | By the way, daily candle is also an "imperfect" hammer. |
Vinay, Vinay, Vinay: Nison will take you to court! Please avoid "imperfect" harami at all costs! Prakash Holla |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #686 Posted: Thu Mar 28, 2013 8:03 pm Post subject: |
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| pkholla wrote: | | vinay28 wrote: | | By the way, daily candle is also an "imperfect" hammer. |
Vinay, Vinay, Vinay: Nison will take you to court! Please avoid "imperfect" harami at all costs! Prakash Holla |
 somebody needs glasses |
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doctorshah
White Belt
Joined: 24 Jul 2011
Posts: 95
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| Post: #687 Posted: Thu Mar 28, 2013 8:24 pm Post subject: |
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| Who will do honors of starting new thread? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #688 Posted: Thu Mar 28, 2013 8:30 pm Post subject: |
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| doctorshah wrote: | | Who will do honors of starting new thread? |
better to do it on monday morning or sunday night so that we can do post mortem for march nifty, if any |
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skd2012
Yellow Belt
Joined: 03 Oct 2012
Posts: 948
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| Post: #689 Posted: Fri Mar 29, 2013 9:22 am Post subject: |
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I guess we will have less STT from next series. It may bring some extra volume nifty future. However still transaction cost is still high in nifty future. Stock future will be better.
I personally moved 90% into nifty option writing and occasional option buying. There is a huge difference in transactional costs. |
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masa
White Belt
Joined: 06 Jan 2007
Posts: 162
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| Post: #690 Posted: Fri Mar 29, 2013 11:00 am Post subject: |
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