iCharts Discussions

[pkholla]

[apka]

[vinay28]

[vinay28]

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

Nifty for Thursday (28/05/15) and beyond

Supports are closely spaced at about 8318, 8293, 8273 and 8253 while resistances are at about 8360, 8371, 8384, 8408 and 8428. A previous unfilled gap on lower side is at about 8262. 50/200 dma are at about 8448/8326 and 50 ema is at about 8424. Five +WWs can give about 8360/8448 (if above 8314), 8424 (if above 8353), 8431 (if above 8336) and 8476 (if above 8286) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8216 and 8192 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7930 if nifty sustains below 8430.

Nifty fell again to cross below 200 dma but recovered to close above it and above 8300. A close below 8332 can cause more fall. However, the bullish div on lower tf may give further rise. A close above 8459 will give further momentum. 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 being an expiry day.

[apka]

[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 (29/05/15) and beyond

Supports are at about 8265, 8223 and 8189 while resistances are at about 8366, 8408, 8417, 8429 and 8486. A previous unfilled gap on lower side is at about 8262. 50/200 dma are at about 8442/8329 and 50 ema is at about 8420. Four +WWs can give about 8376 (if above 8242), 8389 (if above 8274), 8428 (if above 8342) and 8445 (if above 8337) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8214 and 8180 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7930 if nifty sustains below 8430. An IHnS can give 8760 if nifty sustains above 8485.

Nifty recovered after a fall but closed -ve and below 200 dma but above 8300. Daily candle is bearish engulfing but also like a hammer and we may see some more fall. A close below 8224 followed by a close below 8181 can cause more fall. A close above 8459 will give further momentum. 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 (01/06/15) and beyond

Supports are at about 8403, 8394, 8344 and 8306 while resistances are at about 8485, 8500, 8533, 8542 and 8553. A previous unfilled gap on higher side is at about 8459. 50/200 dma are at about 8438/8322 and 50 ema is at about 8420. Three +WWs can give about 8482, 8500 and 8582 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8352 (if below 8434) and 8179 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7955 if nifty sustains below 8455. An IHnS can give 8760 if nifty sustains above 8485. A bullish flag can give higher level unless killed below 8400.

Nifty rose sharply on huge volume and closed above 8400 and above 50 dema and 34 wema but just below 50 dma. Daily/weekly/monthly candles are good though weekly is a long legged doji cum hammer. Also, there is +ve div on monthly and hence higher levels are likely. A close below 8319 can cause more fall. A close above 8459 can give further rise. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as RBI policy review on Tuesday can cause wild intraday swings.

[vinay28]

Updated NF levels as of 29/05.

[vinay28]

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

Nifty for Tuesday (02/06/15) and beyond

Supports are closely spaced at about 8403, 8395, 8382, 8373, 8321 and 8306 while resistances are also closely spaced at about 8466, 8498, 8557, 8573, 8617, 8621 and 8635. 50 dma/ema are at about 8432/8421. Four +WWs can give about 8479, 8525, 8550 and 8617 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8392 (if below 8455), 8349 (if below 8435) and 8242 (if below 8500) (-WWs with lower targets are not mentioned as of now). A HnS can give about 7955 if nifty sustains below 8455. An IHnS can give 8760 if nifty sustains above 8485. A bullish flag can give higher level unless killed below 8400.

Nifty remained range bound but closed +ve and above 8400 as well as above 50 dma/ema. However, daily candle is an inverted hammer and we may see lower levels to begin with. A close below 8334 can cause more fall. A close above 8459 can give further momentum. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as RBI policy review can cause wild intraday swings.

[amitagg]

Strangely no posts today in Icharts in most threads. All in shoutbx!?

[vinay28]

[vinay28]

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

Nifty for Wednesday (03/06/15) and beyond

Supports are at about 8208, 8159, 8124 and 8065 while resistances are at about 8248, 8307, 8322 and 8383. 200 dma is at about 8340. Two +WWs can give about 8363 (if above 8280) and 8388 (if above 9290) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8164 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7900 if nifty continues to fall. A bearish flag can give lower level unless killed above 8365.

Nifty tanked and closed above 8200 but well below 200 dma. Daily candle is a big, bearish Marubuzo. However, there is now a bullish div on lower tf and we may see some recovery. A close below 8181 may mean more pain while a close above 8319 can take it higher. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully as vix can cause wild intraday swings.

[AMBY]

THANKS.