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Nifty View - March Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #181  Posted: Thu Mar 13, 2014 4:12 pm Post subject: |
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| rk_a2003 wrote: | | Viany, It's too early to say 'SLAUGHTER'. Index may as well reverse tomorrow. It will be easier in case INFY ADR gains some lost ground tonight. |
rk, I was only talking about today due to sharp basket sale. |
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reemajainiaf
White Belt
Joined: 17 Sep 2013
Posts: 78
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| Post: #182 Posted: Thu Mar 13, 2014 9:30 pm Post subject: |
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Indian ADRs are all down.
Wondering why? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #183 Posted: Thu Mar 13, 2014 9:47 pm Post subject: |
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Nifty for Friday (14/03/14)
Supports are at about 6425, 6408 and 6390 while resistances are at about 6512, 6562 and 6640. A +ww can give about 6595 (once above 6473) (+WWs with higher targets are not mentioned as of now). A -WW can give about 6452 (-WWs with much lower targets are not mentioned as of now). A big bullish flag gives higher level unless killed below about 6430. A channel BD can give 6425 once below 6487.
Nifty fell sharply after first and closed below 6500 and looks a bit bearish. There is also a mild -ve div on daily chart. Also, the daily candle is a Gravestone doji and also like an inverted hammer but it is not strictly at the top. However, it can still cause some more fall. If nifty closes above about 6565, it could go up further while if it closes below 6430, it could fall much more. A close above 6515 will prevent an inverted hammer on weekly chart. Oil price and/or INR and other global cues will remain key to the future of Indian markets in short to medium term. VIX can cause wild intraday swings. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #184 Posted: Thu Mar 13, 2014 9:50 pm Post subject: |
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| Imminent channel BD, target about 6425. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #185 Posted: Fri Mar 14, 2014 10:19 am Post subject: |
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| special trading session on saturday 22/3 |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #186 Posted: Fri Mar 14, 2014 10:48 am Post subject: |
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vinay,
will go long near 6425??? anything special about 22march special trading session.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #187 Posted: Fri Mar 14, 2014 10:59 am Post subject: |
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| manojkr78 wrote: | vinay,
will go long near 6425??? anything special about 22march special trading session.... |
today's likely levels 6446/35/13/00NF.
22nd session is for ME to decide both side levels till June.  |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #188 Posted: Fri Mar 14, 2014 11:08 am Post subject: |
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special session would give you insight of nifty levels for the future, so I was curious  |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #189 Posted: Fri Mar 14, 2014 11:57 am Post subject: |
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| When will the Inflation data be out |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #190 Posted: Fri Mar 14, 2014 12:01 pm Post subject: |
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@Vinay
How did you pick the fut level 5595 for upside continuation? 4 attempts on 4 days, once high 5594.20 but it didn't breach and now we are testing lower breakout levels.
@vishy
earlier 12 noon, now a days i think 5pm. |
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vishyvaranasi
Green Belt
Joined: 11 Jul 2011
Posts: 1159
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| Post: #191 Posted: Fri Mar 14, 2014 12:07 pm Post subject: |
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| apka wrote: | @Vinay
How did you pick the fut level 5595 for upside continuation? 4 attempts on 4 days, once high 5594.20 but it didn't breach and now we are testing lower breakout levels.
@vishy
earlier 12 noon, now a days i think 5pm. |
Thank u .apka |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #192 Posted: Fri Mar 14, 2014 2:11 pm Post subject: |
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| apka wrote: | @Vinay
How did you pick the fut level 5595 for upside continuation? 4 attempts on 4 days, once high 5594.20 but it didn't breach and now we are testing lower breakout levels.
@vishy
earlier 12 noon, now a days i think 5pm. |
5595? are u suffering from Sam effect?
6595NF/6572NS were crucial. Now it is 6484NS crucial. Otherwise may be 6330 |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #193 Posted: Fri Mar 14, 2014 2:33 pm Post subject: |
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| S/L hit game started. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #194 Posted: Fri Mar 14, 2014 2:38 pm Post subject: |
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| chandrujimrc wrote: | | S/L hit game started. |
which SL? whose SL? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #195 Posted: Fri Mar 14, 2014 2:40 pm Post subject: |
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| vinay28 wrote: | | apka wrote: | @Vinay
How did you pick the fut level 5595 for upside continuation? 4 attempts on 4 days, once high 5594.20 but it didn't breach and now we are testing lower breakout levels.
@vishy
earlier 12 noon, now a days i think 5pm. |
5595? are u suffering from Sam effect?
6595NF/6572NS were crucial. Now it is 6484NS crucial. Otherwise may be 6330 |
I shank you for that.
Yes, how did you pick 6595.. |
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