iCharts Discussions

[vinay28]

[vinay28]

10th March is 5th anniversary of "the Haines bottom".

[vinay28]

It's all TLs, one bisecting the famous gap in Aug'11.

[amitagg]

[vinay28]

[vinay28]

Chart of 6200pe, for whatever it is worth.

[vinay28]

Here's an easy way of finding out next likely levels whenever a high or a low is broken. The high/low levels apply to daily to monthly time frames. The problem is that getting average level is not easy and only some softwares give it IMHO. But if one can get average levels, it helps a great deal to carry your trade. Putting proper SL is left to you.

Once the previous high is broken, next higher levels are given by

2*A-L = H1
2*H-A = H2
2*H-L = H3

similarly when the previous low is broken, next lower levels are given by

2*A-H = L1
2*L-A = L2
2*L-H = L3

if you can get average levels and test it and find it useful, I will transfer it to strategies section.

[vinay28]

as of now, it looks like 6572NS/6595NF is max possible and close may not be > 6555NS, give or take a few points.

[apka]

In addition to the traded volumes, the % of Deliverable Quantity to Traded Quantity on Friday - 7th March is also higher than normal:

The avg % for all stocks differ from 10% to 60%. Most high % avg is in safes-side stocks like IT and least in sectors like Infra, Realty.

The below shows decent carryover/accumulation. Let's see if a higher % brings more stability or what since we have made a new high and closing.

(I don't know why the big gap is added. I used html table tag)

<table width="386" border="1" align="center" valign="top">
<tr>
<td width="191">HDFC BANK : 79.96 %
KOTAK : 50.97 %
ICICI BANK : 50.18 %
INDUSIND : 49.07 %
SBIN : 47.05 %
AXIS BANK : 44.60 %
UNION BANK : 36.93 %
YES BANK : 29.98 %
CANARA : 24.83 %
BoB: 24.81 %
BANK OF INDIA : 19.40 %
PNB : 18.32 %</td>
<td width="185">LT : 49.08 %
CROMPTON : 36.75 %
BHEL: 35.33 %
HDFC : 79.96 %
SHRIRAM : 77.87 %
M&amp;MFINSERV : 47.61 %
REC : 46.66 %
LIC : 46.42 %
PFC : 42.94 %
IDFC : 34.93 %
RELCAP : 19.74 %</td>
</tr>
<tr>
<td>CAIRN : 80.57 %
POWERGRID : 80.32 %
RELIANCE : 70.75 %
NTPC : 71.17 %
ONGC : 60.95 %
GAIL : 57.53 %
BPCL : 49.46 %
TATAPOWER : 30.86 %
RELIANCE POWER : 30.62 %</td>
<td>GMDC : 89.74 %
COALINDIA : 74.69 %
HINDALCO : 41.82 %
TATA STEEL : 36.54 %
SAIL : 33.80 %
JSW STEEL : 23.56 %
JINDAL STEEL : 16.42 %
AIRTEL : 56.53 %
RCOM : 26.29 %</td>
</tr>
<tr>
<td>HERO : 73.98 %
EXIDE : 70.22 %
BAJAJ AUTO : 57.24 %
M&amp;M : 44.84 %
TATA MOTORS : 42.35 %
MARUTI : 37.73 %</td>
<td>GMR : 50.54 %
NHPC : 50.17 %
ADANI PORTS : 45.67 %
ANANTRAJ : 37.76 %
IRB : 34.06 %
INDIABULLS : 25.14 %
DLF : 16.56 %
RELINFRA : 10.84 %</td>
</tr>
</table>

[apka]

Bank Nifty -100 opening to +170 in a zip and Axis Bank from - 14 -> +30 in a flash

[apka]

Atleast the VIX having completed downside with a falling wedge pattern was caught right.

Now it's 17.35. I think a stop at near 18.50 should come.

[vinay28]

[saurabhkurichh]

similar to axis ... reliance to from 862 to 890 was quick!!

[vinay28]

My upper level is about 6666NF. Remember Omen movie?

Worst case 6833/50NF which is "get out" level. If you remember, I had posted a chart of NF during 4th Jan dummy trading with my comment about game? The lower level of 5830 cam last week as a freak trade. I am now looking at such a freak high level of 6833/50NF because I don't think it will actually go there.

[apka]