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Nifty View - March Series 2014 |
vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #61 Posted: Wed Mar 05, 2014 2:53 pm Post subject: |
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Putin just now bought 6200pe and now will send the army back to ukraine tmrw. |
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SP50 Brown Belt
Joined: 26 Nov 2010 Posts: 1615
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Post: #62 Posted: Wed Mar 05, 2014 3:28 pm Post subject: |
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vinay28 wrote: | Putin just now bought 6200pe and now will send the army back to ukraine tmrw. |
U must be kidding!!! |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #63 Posted: Wed Mar 05, 2014 4:00 pm Post subject: |
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vinay28 wrote: | Putin just now bought 6200pe and now will send the army back to ukraine tmrw. |
Putin should be fair to us and consider buying 5900pe instead to give us a break from the range. |
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riteshucha Green Belt
Joined: 19 May 2012 Posts: 1292
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Post: #64 Posted: Wed Mar 05, 2014 4:17 pm Post subject: |
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would today's candle be considered a hammer or hanging man? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #65 Posted: Wed Mar 05, 2014 6:05 pm Post subject: |
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riteshucha wrote: | would today's candle be considered a hammer or hanging man? |
It's more like a bearish dragonfly doji candlestick |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #66 Posted: Wed Mar 05, 2014 6:43 pm Post subject: |
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apka wrote: | riteshucha wrote: | would today's candle be considered a hammer or hanging man? |
It's more like a bearish dragonfly doji candlestick |
hanging man cum evening, long-legged doji star.
confirmation by closing <<6297, particularly after a gap down open and also with higher volume than 4th march. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #67 Posted: Wed Mar 05, 2014 9:13 pm Post subject: |
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Nifty for Thursday (06/03/14)
Supports are at about 6319, 6290, 6255, 6225 and 6160 while resistances are at about 6337, 6373 and 6390. A gap on the higher side is at about 6346 while the previous highs are at about 6358/6415. 50/100 dma are at about 6186/6180. 20 wma is at about 6185 while 5 mma is at about 6233. Two +WWs can give about 6342 and 6390 (+WWs with higher targets are not mentioned as of now). Six -WWs can give about 6312, 6285 (once below 6315), 6265 (once below 6295), 6257 (once below 6286), 6229 (once below 6309) and 6171 (once below 6311) (-WWs with much lower targets are not mentioned as of now). Three rising wedges can give about 6180/6090/6000 if nifty remains below 6289/67. A bullish flag can give higher level unless killed below 6260.
Nifty closed flat but well above 6300 and looks bullish, particularly because the -ve div on daily chart has vanished. However, daily candle is a dragon fly/long legged doji cum hanging man cum evening doji star, a bearish sign. It will be confirmed only if nifty closes well below 6297, particularly with a gap down open. If nifty closes below about 6270, it could fall much more. Oil price rise and/or INR fall can affect market adversely and will remain key to the future of Indian markets in short to medium term. Bad global cues can cause more fall. VIX is on the rise and can cause wild swings. It looks likely that we may see a new high in March, unless it reacts from here sharply. |
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saumya12 Brown Belt
Joined: 21 Dec 2011 Posts: 1509
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Post: #68 Posted: Wed Mar 05, 2014 11:36 pm Post subject: |
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Today
NS an NR 4 day |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #69 Posted: Thu Mar 06, 2014 9:37 am Post subject: |
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Figurewise, VIX has hit new all time low today at 12.50. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #70 Posted: Thu Mar 06, 2014 10:26 am Post subject: |
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apka wrote: | Figurewise, VIX has hit new all time low today at 12.50. |
in which case, as per my investment strategy, it becomes a strong buy. BUT nse chart shows 13.3275 as low? |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #71 Posted: Thu Mar 06, 2014 1:14 pm Post subject: |
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vinay28 wrote: | apka wrote: | Figurewise, VIX has hit new all time low today at 12.50. |
in which case, as per my investment strategy, it becomes a strong buy. BUT nse chart shows 13.3275 as low? |
Yeh, open is variable these days just like NF, didn't register in tick. But it will show in EOD chart.
A buy in VIX? What will it imply for nifty? |
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chandrujimrc Brown Belt
Joined: 21 Apr 2009 Posts: 1683
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Post: #72 Posted: Thu Mar 06, 2014 1:24 pm Post subject: |
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Mkt up--up---up,Indiavix also up--up--up. |
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vinay28 Black Belt
Joined: 24 Dec 2010 Posts: 11748
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Post: #73 Posted: Thu Mar 06, 2014 1:26 pm Post subject: |
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apka wrote: | vinay28 wrote: | apka wrote: | Figurewise, VIX has hit new all time low today at 12.50. |
in which case, as per my investment strategy, it becomes a strong buy. BUT nse chart shows 13.3275 as low? |
Yeh, open is variable these days just like NF, didn't register in tick. But it will show in EOD chart.
A buy in VIX? What will it imply for nifty? |
since it is going up from extreme lows, as chandru posted, may be initially up but then should be down. pcr eod may give hint if it falls below 1.0 |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #74 Posted: Thu Mar 06, 2014 1:40 pm Post subject: |
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Resistance near 643x and 651x spot if it still continues to go up.
USDINR has appreciated well today. |
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apka Black Belt
Joined: 13 Dec 2011 Posts: 6137
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Post: #75 Posted: Thu Mar 06, 2014 1:46 pm Post subject: |
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Volumes are on the lower side right? |
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