iCharts Discussions

[manojrp]

[vinay28]

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

Nifty for Thursday (04/06/15) and beyond

Supports are at about 8124, 8093, 8073, 8035 and 8012 while resistances are at about 8156, 8209, 8217, 8241, 8298, 8307 and 8322. A previously unfilled gap on lower side is at about 8057. 200 dma is at about 8341. A +WW can give about 8163 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8042 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7950 if nifty continues to fall. A bearish flag can give lower level unless killed above 8295.

Nifty tanked again to close above 8100 and looks very bearish. However, a bullish div is developing and we may a sharp recovery soon. A close below 8057 may mean more pain while a close above 8332 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.

[riteshucha]

if it falls below 8171, tgt 8149 / 8126 / 8104
longs safe only, if it crosses 8212...

[amitagg]

[vinay28]

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

Nifty for Monday (08/06/15) and beyond

Supports are at about 8103, 8079, 8062, 8044 and 8000 while resistances are at about 8136, 8171, 8210, 8232, 8308 and 8322. A previous low was about 7997. A +WW can give about 8176 (if above 8094) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8021 (-WWs with lower targets are not mentioned as of now). A HnS can give about 7950 if nifty continues to fall.

Nifty fell again after an intraday rally to close -ve but above 8100. In the process the weekly close was not only below 50 wdma/wema but also the lowest since Oct '14 and thus continues to bearish. Daily candle is an inverted hammer. However, the bullish div remains and we may see a sharp recovery soon. A close below 8057/29 may mean more pain while a close above 8332 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.

[ritapandit25]

Vinay change to June thread.

[vinay28]