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Nifty View - March Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
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Post: #1  Posted: Thu Feb 27, 2014 4:30 pm Post subject: Nifty View - March Series 2014 |
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Nifty for Friday (28/02/14)
Supports are at about 6235/21, 6190, 6155, 6090, 6055 and 6037 while resistances are at about 6260/77, 6308 and 6317. An important gap on the higher side is at about 6267 while the next gap is at 6346. 50/100 dma is at about 6182/6166. Three +WWs can give about 6273, 6301 and 6324 (+WWs with higher targets are not mentioned as of now). A number of -WWs can give about 6160, 6154/6101/6086 (once below 6182), 6105 (once below 6194) and 6103/6075 (once below 6201) (-WWs with much lower targets are not mentioned as of now). Three rising wedges can give about 6180/6090/6000 in case of a BD below 6235/6190.
Nifty rose sharply again to close well above 6200. By going over 60 on daily chart, rsi has given bullish signal. If nifty fills the gap at about 6267, it changes the picture in the short term though it can react a bit from 6277. If it closes below 6176, it could mean more fall as that would give an inverted hammer on weekly chart. 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 severe fall. VIX seems to have bottomed out and a rise in it could cause large swings. Friday's close is crucial as it will decide weekly and monthly candles. |
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saumya12
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Joined: 21 Dec 2011
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| Post: #2 Posted: Thu Feb 27, 2014 6:34 pm Post subject: |
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| saumya12 wrote: | | saumya12 wrote: | NIFTY Daily
Nifty closed in Kumo, just crossing above Senkou sen lower level, which is a very strong resistance level as per Ichimoku.
In my opinion it should move towards or can touch Senkou sen upper level.
The upper level is at 6240-45 and is a strong resistance level also.
I do not think that this time Nifty will break and cross this level.
But nothing is impossible.
Let us think for the best.
Resistance levels are 6221 - 6240 - 6260
Support levels are 6171 - 6150/45 - 6120 |
Posting Ichimoku Chart
As posted yesterday
Nifty just touched Senkou sen upper level (Kumo upper level) and tried but not able to cross it.
The Chikou sen (the green line) is also stopped by the Kumo upper level. So, unless Nifty crosses Kumo and other two resistance levels of 6260 and 6270 on closing basis, it can not move to new higher levels.
Further, if Nifty reverts from the present level or not able to cross above mentioned resistance levels then can falls below 6200 (Kumo lower level) and further lower levels.
Resistance levels 6240/45 - 6260 - 6270
Support levels 6220 - 6200/6195 - 6171 - 6150/45 |
| vinay28 wrote: | | zer gud saumya |
Thanks Vinay
Posting Ichimoku analysis here again (previously posted in Feb series thread), as it has more relevance with March series. |
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vinay28
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| Post: #3 Posted: Fri Feb 28, 2014 10:18 am Post subject: |
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GAP AT 6267NS FILLED UP.
sorry admin for bold post but an important event indeed. |
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vinay28
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| Post: #4 Posted: Fri Feb 28, 2014 10:24 am Post subject: |
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| vinay28 wrote: | GAP AT 6267NS FILLED UP.
sorry admin for bold post but an important event indeed. |
Next gap at 6346NS. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #5 Posted: Fri Feb 28, 2014 10:46 am Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | GAP AT 6267NS FILLED UP.
sorry admin for bold post but an important event indeed. |
Next gap at 6346NS. |
what does it imply....means strength in trend [up]?
ST was expecting 6250-6260 also and still bearish signals not broken ...lets see what updated charts come later today / early next week |
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vinay28
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| Post: #6 Posted: Fri Feb 28, 2014 10:56 am Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | vinay28 wrote: | GAP AT 6267NS FILLED UP.
sorry admin for bold post but an important event indeed. |
Next gap at 6346NS. |
what does it imply....means strength in trend [up]?
ST was expecting 6250-6260 also and still bearish signals not broken ...lets see what updated charts come later today / early next week |
most important thing it may mean is that nifty may not fall 40-50% in a year. 
I am still expecting 6080 and soon but may be after going to 6350 first. My today's level is 6330/55NF |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #7 Posted: Fri Feb 28, 2014 11:17 am Post subject: |
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NF 5 min TF Master candle
BO above 6300
BD below 6260 |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #8 Posted: Fri Feb 28, 2014 3:20 pm Post subject: |
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| saumya12 wrote: | NF 5 min TF Master candle
BO above 6300
BD below 6260 |
NF remained in the range
Neither BO nor BD  |
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saumya12
Brown Belt
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| Post: #9 Posted: Fri Feb 28, 2014 3:21 pm Post subject: |
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| NF today likely to be NR 7 day |
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vinay28
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| Post: #10 Posted: Fri Feb 28, 2014 7:04 pm Post subject: |
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will this channel break out?
check out the volume and rsi BO |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #11 Posted: Sat Mar 01, 2014 12:20 pm Post subject: |
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Nifty for Monday (03/03/14)
Supports are at about 6255, 6235, 6215, 6195 and 6155 while resistances are at about 6283/90, 6311, 6329 and 6352. A gap on the higher side is at about 6346. 50/100 dma is at about 6182/6171. 20 wma is at about 6179 while 5 mma is at about 6228. Four+WWs can give about 6312, 6334, 6375 and 6401 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 6240 (once below 6270), 6202 (once below 6235), 6165 (once below 6227) and 6070 (once below 6222) (-WWs with much lower targets are not mentioned as of now). Three rising wedges can give about 6180/6090/6000 in case of a BD below 6262/55/16.
Nifty rose sharply again not only to fill the important gap at 6267 but also close above it. Both the daily and weekly candles are Marubuzo. Also, breakout of rsi over UTL (and 60) has given bullish signal and it looks likely that nifty may fill the gap at 6346 also. Though nifty can react from about 6330/60, the fall may not be too much. If it closes below 6215, it could fall a bit 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 severe fall. VIX seems to have bottomed out and a rise in it could cause large swings. It looks likely that we may see a new high in March. |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #12 Posted: Sat Mar 01, 2014 12:42 pm Post subject: |
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Vinay
Thanks for Nifty for Monday
Can you please post the charts or details (tf and points 1 and 2) of these +wws.
Thanks |
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dtbhat
White Belt
Joined: 16 Nov 2010
Posts: 105
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| Post: #13 Posted: Sat Mar 01, 2014 1:27 pm Post subject: |
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Vinay,
Here is Andrews Pitchforks on Nifty (NS) giving resistances at 6320 and 6370 approximately.
regards
dtbhat |
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saumya12
Brown Belt
Joined: 21 Dec 2011
Posts: 1509
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| Post: #14 Posted: Sat Mar 01, 2014 3:37 pm Post subject: |
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6200C -ww 5 min tf tgt 127 28.2.14
6200P +ww 5 min tf tgt 59 28.2.14
So, it indicates that on Monday, market may open flat or little down.
There are some more short period -ww
SENSEX -ww 5 min tf tgt 21060 28.2.14
NF -ww 5 min tf tgt 6273 28.2.14
BNF -ww 5 min tf tgt 10735 28.2.14 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #15 Posted: Sat Mar 01, 2014 4:59 pm Post subject: |
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| dtbhat wrote: | Vinay,
Here is Andrews Pitchforks on Nifty (NS) giving resistances at 6320 and 6370 approximately.
regards
dtbhat |
yes, 6360NS/6380NF are tough to crack in this move in next few days. |
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