iCharts Discussions

[vinay28]

How many +WWs do you want? But where is the volume at 5, which requires heavy buying from FIIs? Hopefully in next 3 days.

[vinay28]

sold 1/3rd my longs

[manojkr78]

vinay,

this market is killing both bulls and bears......your current views will be much helpful....

manoj

[vinay28]

[manojkr78]

tnx

[NU2013]

[vinay28]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (14/05/15) and beyond

Supports are at about 8193/81, 8136/31, 8028 and 8007 while resistances are at about 8284/98, 8315, 8359/66 and 8391. An unfilled gap on lower side is at about 8057 and 200 dma is at about 8294. Four +WWs can give about 8293/8327 (if above 8095), 8373 (if above 8134) and 8386 (if above 8086) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8134 (if below 8254) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7860 if nifty sustains below 8360 while an IHnS can give about 8500 if nifty goes and sustains above 8320.

Nifty recovered smartly after sharp fall upon a big gap up open to close below 8250 and also below 200 dma. Daily candle is like a hammer and there is a +ve div on daily. Also, the the bullish div persists and we may see a further rise. A close above 8286 followed by a close above 8332 will give further momentum. A close below 8126 can be a setback. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as high vix can cause wild intraday swings.

[vinay28]

Updated NF levels as of 14/05.

[manojkr78]

vinay,

long or short now??

[vinay28]

[NU2013]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (15/05/15) and beyond

Supports are at about 8199, 8181, 8162 and 8100 while resistances are at about 8262/72, 8299/8310, 8366 and 8391. An unfilled gap on lower side is at about 8057 and 200 dma is at about 8297. Three +WWs can give about 8330 (if above 8095), 8377 (if above 8136) and 8390 (if above 8074) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8144 (if below 8237) and 8077 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7860 if nifty sustains below 8360 while an IHnS can give about 8500 if nifty goes and sustains above 8320.

Nifty recovered after a fall to close -ve and below 8250 and also below 200 dma. Daily candle is a hammer cum inside bar and also "like" a "high price" bullish Harami. Also, the the bullish div on weekly persists and hence we may see a further rise. Purely based on inside bar, it's a buy above 8255 and sell below 8090. However, it is also an inside bar to the day before's candle and hence for safe traders, 8327-8090 can be a no-trade zone. Thursday was a NR7 day and we may see a big move on Friday.

A close above 8286/8332 will give further momentum. Being a Friday, a close above 8192 is safe but a close above 8295 will be +ve and above 8342 bullish. A close below 8181 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as high vix can cause wild intraday swings.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (18/05/15) and beyond

Supports are at about 8251, 8223, 8181 and 8157 while resistances are at about 8291, 8304/09, 8319, 8366 and 8391. An unfilled gap on lower side is at about 8057 and 200 dma is at about 8301. Two +WWs can give about 8393/8413 (if above 8073) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8221 (if below 8289) and 8164 (if below 8306, which is yet to be reached) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7860 if nifty sustains below 8360 while an IHnS can give about 8500 if nifty goes and sustains above 8320.

Nifty remained range bound and closed +ve and above 8250 but below 200 dma. Daily candle is a doji while weekly candle is also doji and like a hammer with +ve volume. Bullish div continues to persist. However, even though it went above the day before's high, there was no momentum and hence it looks like it may consolidate more. Sustaining above 8280 can be good but above 8356 it will gather upward momentum while sustaining below 8212 can be bad.

Friday was a NR7 (actually NR22) day and we may see a very big move on Monday. A close above 8346 is required for further rise while a close below 8181 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as high vix can cause wild intraday swings.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (19/05/15) and beyond

Supports are at about 8366, 8343, 8302, 8270, 8230 and 8215 while resistances are at about 8391, 8415, 8457 and 8472. An unfilled gap on lower side is at about 8262, 200 dma is at about 8303 and 50 ema is at about 8437. Three +WWs can give about 8396, 8425 and 8585 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8234/8185 (if below 8386, which is yet to be reached) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7900 if nifty sustains below 8410 while an IHnS can give about 8500 if nifty goes and sustains above 8300.

Nifty rose sharply in spite of a gap up open and close above 8350 and well above 200 dma and suddenly looks bullish. Daily candle is big but volume is not high. Crossing above 8505 and a close above 8430 can give more rise. However, a close above 8527 will give hopes of a further rally. A close below 8213 can cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as high vix can cause wild intraday swings.