iCharts Discussions

[vinay28]

Updated NF levels as of 04/05.

[vinay28]

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

Nifty for Thursday (05/05/16) and beyond

Supports are at about 7694/83/71/63/40/04 and 7577/66 while resistances are at about 7721/41/64/93 and 7860/80. Two +WWs can give about 7755 (if above 7637) and 7930 (if above 7740) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7486 (if below 7834) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down and fell again to close just above 7700. Daily candle is NR5 but volume was strong -ve. Bearish div being mentioned for many days seems to be giving results. Much lower levels are likely if selling sustains. The mild bullish div on daily can give results only if buying resumes. Nifty must close above 7891 to start a reversal otherwise fall may continue, albeit with minor reversals. Global and local eco-political events can have a bearing on how nifty moves in short term. High volatility is expected due to the long expiry.

[vinay28]

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

Nifty for Monday (09/05/16) and beyond

Supports are at about 7714, 7697/88/63/46/38/28/05, 7587 and 7547 while resistances are at about 7753/65/89, 7817 and 7890. Three +WWs can give about 7758 (if above 7635), 7792 (if above 7693) and 7958 (if above 7813) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7479 (if below 7728) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down, made a lower low but recovered to close well above 7700. Daily candle is like a hammer but volume was -ve. Weekly candle is also bearish with -ve volume and we may see lower levels. Bearish div being mentioned for many days seems to be giving results. Much lower levels are likely if selling sustains. The mild bullish div on daily can give results only if buying resumes. Nifty must close above 7856 to begin with while a close below 7546 can be painful. Global and local eco-political events can have a bearing on how nifty moves in short term. High volatility is expected due to the long expiry.

[vinay28]

Updated NF levels as of 06/05.

[vinay28]

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

Nifty for Tuesday (10/05/16) and beyond

Supports are at about 7853/26, 7778/62/02, 7690/67 and 7639 while resistances are at about 7894, 7912/54/69/84, 8017 and 8059. Unfilled gaps on the higher/lower side are about 8041/7733 resp. 200 dma is at about 730. Two +WWs can give about 7969 and 8024 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7668 (if below 7996) and 7475 (if below 7845) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up and didn't look back, soaring high to close above 7850 and also above 200 dma again. Daily candle is a big bullish Marubuzo but volume, though good, wasn't strong +ve. Bearish div has developed again and gets negated above 7992 to begin with. Nifty must close above 7891/7915/7980 to continue the rally while a close below 7706 can start fresh fall. Global and local eco-political events can have a bearing on how nifty moves in short term. High volatility is expected due to the long expiry.

[vinay28]

Updated NF levels as of 09/05

[apka]

NSE to launch weekly options contracts on Bank Nifty index from May 27.

[vinay28]

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

Nifty for Wednesday (11/05/16) and beyond

Supports are at about 7858/46/12, 7783/64/44/17/02, 7671 and 7644 while resistances are at about 7914/36/67/95, 8006/20 and 8059. Unfilled gaps on the higher/lower side are about 8041/7733 resp. 200 dma is at about 7827. Two +WWs can give about 7982 and 8040 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7830 (if below 7880) and 7475 (if below 7845) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up, reacted a bit but rose to close +ve well above 7850 and also above 200 dma. Daily candle is a spinning top cum hanging man but volume was strong +ve. Bearish div gets negated above 7992 to begin with. Tuesday was a NR4 day and we may see a big move soon. Nifty must close above 7891/7915/7980 to continue the rally while a close below 7706 can start fresh fall. Global and local eco-political events can have a bearing on how nifty moves in short term. High volatility is expected due to the long expiry.

[amitagg]

How would India- Mauritius tax treaty amendment for taxiing capital gains of FII and FPI and also FDI impact markets

2 views

Grandfathering for investments till March 31 2017 - would it mean more inflows till March31 2017 to take advantage since after cut off date exemption goes

OR

Higher IRR to be build for projects since a tax cost involved for post investments hence possibly polarity in terms of comparative edge

An FII investor like Vinay can only answer!

Or market silently absorbs everything ( sgx not moving but that can be deceitful)!

[apka]

Sgx -112

[vinay28]

[amitagg]

[vinay28]

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

Nifty for Thursday (12/05/16) and beyond

Supports are at about 7838, 7786/78/64/26/18 and 7707 while resistances are at about 7859/86, 7904/59/82 and 8059. Unfilled gaps on the higher/lower side are about 8041/7733 resp. 200 dma is at about 7823. A +WW can give about 7997 (+WWs with higher targets are not mentioned as of now). A -WW can give about 7746 (if below 7900) (-WWs with lower targets are not mentioned as of now).

Nifty opened down with a huge gap but recovered smartly to close +ve but just below 7850 and well above 200 dma. Daily candle though green has -ve volume. Bearish div gets negated above 7992 to begin with. Nifty must close above 7891/7915/7980 to continue the rally while a close below 7706 can start fresh fall. Global and local eco-political events can have a bearing on how nifty moves in short term. High volatility is expected due to the long expiry.

[vinay28]

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

Nifty for Friday (13/05/16) and beyond

Supports are at about 7886/65/53/26/19, 7795/79/53 and 7741 while resistances are at about 7923/40/58/83/96, 8024 and 8059. Unfilled gaps on the higher/lower side are about 8041/7848 resp. 200 dma is at about 7820. A +WW can give about 8008 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7813 (if below 7930) and 7727 (if below 7900) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a gap, fell but couldn't fill it and then rose to close barely above 7900. Daily volume is good +ve but there is a mild bearish div and we may see some fall/consolidation. Bearish div gets negated above 7992 to begin with. On daily basis, nifty must close above 7915 and preferably above 7980 while on weekly basis it must close above 7900 and preferably above 7938/64 to continue the rally while a close below 7848 can start fresh fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Updated NF levels as of 12/05.