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Nifty View - March Series 2014 |
vinay28
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Joined: 24 Dec 2010
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Post: #136  Posted: Mon Mar 10, 2014 2:15 pm Post subject: |
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| vinay28 wrote: | 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. |
note that upper levels only in case of a BO above 6595NF/6572NS. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #137 Posted: Mon Mar 10, 2014 2:39 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | 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. |
note that upper levels only in case of a BO above 6595NF/6572NS. |
i would look for selling tomorrow again....agreed |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #138 Posted: Mon Mar 10, 2014 2:42 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | 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. |
note that upper levels only in case of a BO above 6595NF/6572NS. |
6594.20 |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #139 Posted: Mon Mar 10, 2014 2:43 pm Post subject: |
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| apka wrote: | | riteshucha wrote: | now can u tell me apka..
| apka wrote: | | riteshucha wrote: | 6600 PE OI up 100% & 6500 PE OOI ip 150%... then 6200 PE cutting OI now...
what shld we understand from this... |
wait for EOD figures |
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Calls have shedded more OI. 6700ce has added more than 100% OI.
My understanding is we are moving to test 6600-6700 region. And Bank Nifty near 12500. |
filhaal toh horela hain |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #140 Posted: Mon Mar 10, 2014 2:47 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | vinay28 wrote: | 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. |
note that upper levels only in case of a BO above 6595NF/6572NS. |
6594.20 |
shorted...till 6613 SL 6590 |
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amitagg
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| Post: #141 Posted: Mon Mar 10, 2014 3:05 pm Post subject: |
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| amitagg wrote: | | apka wrote: | | vinay28 wrote: | | vinay28 wrote: | 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. |
note that upper levels only in case of a BO above 6595NF/6572NS. |
6594.20 |
shorted...till 6613 SL 6590 |
booked at 6567...shorted at 6590....bought put 6500...56 |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #142 Posted: Mon Mar 10, 2014 9:59 pm Post subject: |
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| Prakash, can you provide the c.miner levels/projections? |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #143 Posted: Mon Mar 10, 2014 10:15 pm Post subject: |
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Nifty for Tuesday (110/03/14)
Supports are at about 6525, 6500, 6484, 6447, 6425 and 6390 while resistances are at about 6575 and 6640/54. (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 6510 (once below 6549), 6477 (once below 6535) and 6462 (-WWs with much lower targets are not mentioned as of now).
Nifty rose, once again to make an all time high and closed well above 6500 and also at an all time high. But one needs to be cautious. If nifty closes above about 6555, it could go up further while if it closes below 6440, it could fall much more. Oil price and/or INR and other global cues will remain key to the future of Indian markets in short to medium term. VIX is rising slowly and can cause wild swings. |
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apka
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Posts: 6137
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| Post: #144 Posted: Tue Mar 11, 2014 11:44 am Post subject: |
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..
Last edited by apka on Tue Mar 11, 2014 4:56 pm; edited 1 time in total |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #145 Posted: Tue Mar 11, 2014 4:47 pm Post subject: |
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is todays candle a harami bearish or a hammer cum IB... ?
this is what i feel, correct me if i am wrong...
todays fall was not too big !! moreover 6600 / 6700 CE OI was not adding enough with every dip....hence tomm a break abve today's high can take us to a new highs again... this is a strong possibility since mkts are very strong past couple of days....
but again because of Inside Bar, if NF trades below today's low can also lead to a good fall..!!
what do u'll think.. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #146 Posted: Tue Mar 11, 2014 6:42 pm Post subject: |
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| riteshucha wrote: | is todays candle a harami bearish or a hammer cum IB... ?
this is what i feel, correct me if i am wrong...
todays fall was not too big !! moreover 6600 / 6700 CE OI was not adding enough with every dip....hence tomm a break abve today's high can take us to a new highs again... this is a strong possibility since mkts are very strong past couple of days....
but again because of Inside Bar, if NF trades below today's low can also lead to a good fall..!!
what do u'll think.. |
market can "briefly" hit 6450-6460 [if breaks 6287] and move higher......i would tend to imagine that shorts should not be there close to 6500....stocks and index stocks are performing well...just see charts of all stocks....we see upward moves, consolidation and break up.....markets targetting 6700+ in early April. Plan accordingly...
Also i saw 6500 put premium suddenly fall from 70 to 58 odd levels....dont buy puts.....either short NF if wanted to still take a trade [with stricl SL] or why trade everything...let us wait when "buy" signals triggered ....since we are at all time highs and should trade bullish.....
so partience is a great virtue...we need to change strategies sometimes and trade in cash or be stock specific etc..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #147 Posted: Tue Mar 11, 2014 7:23 pm Post subject: |
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| riteshucha wrote: | is todays candle a harami bearish or a hammer cum IB... ?
this is what i feel, correct me if i am wrong...
todays fall was not too big !! moreover 6600 / 6700 CE OI was not adding enough with every dip....hence tomm a break abve today's high can take us to a new highs again... this is a strong possibility since mkts are very strong past couple of days....
but again because of Inside Bar, if NF trades below today's low can also lead to a good fall..!!
what do u'll think.. |
today's high was slightly more than yesterday's. So, it is neither a harami nor an IB nor a hammer. Just an uncertain doji taking a breather after a fast run. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #148 Posted: Tue Mar 11, 2014 8:09 pm Post subject: |
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| for whatever they are worth. I don't understand EW and I have just copied someone's post of 7 legged diametric by redrawing it. The parallelogram is my patent. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #149 Posted: Tue Mar 11, 2014 8:52 pm Post subject: |
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| vinay28 wrote: | | for whatever they are worth. I don't understand EW and I have just copied someone's post of 7 legged diametric by redrawing it. The parallelogram is my patent. |
The theory of parallelogram pictorial tells us that Nifty moved from 1000 in 2003 to 6000 in 2013 ( approximately).There fore if a break out of parallelogram happens it is going to move from 6000 to 11000 in next 10 years. Quite convincing and achievable or shall we take it as 36000? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #150 Posted: Tue Mar 11, 2014 8:56 pm Post subject: |
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| rk_a2003 wrote: | | vinay28 wrote: | | for whatever they are worth. I don't understand EW and I have just copied someone's post of 7 legged diametric by redrawing it. The parallelogram is my patent. |
The theory of parallelogram pictorial tells us that Nifty moved from 1000 in 2003 to 6000 in 2013 ( approximately).There fore if a break out of parallelogram happens it is going to move from 6000 to 11000 in next 10 years. Quite convincing and achievable or shall we take it as 36000? |
let me tell you a fact. Way back in 2010, I had predicted that nifty will be 15750 in 2015/16, including on icharts. I was called a fool then and abused in some foums, including closed discussion forums. Today I still feel that will happen except that it may be instead in 2016/17. |
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