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Nifty View- May 2013 |
vinay28
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Joined: 24 Dec 2010
Posts: 11748
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Post: #751  Posted: Fri May 24, 2013 6:55 pm Post subject: |
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| apka wrote: | hmm
we 1st took support from the bottom line, then from the 2nd line from the bottom, missed one line and this week at 5936. For next week 5915-5920 seems to be the support. If breached i think we can see anywhere lower till 5700 before rising again. |
yes but 2nd line from bottom was a resistance first and then supported twice. so your logic of lower levels from this chart is not correct IMHO. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #752 Posted: Fri May 24, 2013 6:59 pm Post subject: |
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| apka wrote: | hammer i think.
axis bank weekly bearish engulfing and bank nifty dark cloud cover |
nifty weekly is also big bearish engulfing but if 31st May closes well above 6018 and preferably above 6035, monthly candle won't be bad. Also, mild +ve div on daily. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #753 Posted: Fri May 24, 2013 7:36 pm Post subject: |
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| ok but all lines start from the main candle of restistence to support .. Backside is just extended.... Which one isnt correct? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #754 Posted: Fri May 24, 2013 7:57 pm Post subject: |
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| apka wrote: | | ok but all lines start from the main candle of restistence to support .. Backside is just extended.... Which one isnt correct? |
I said your logic that it will come down is not correct. I wasn't commentig on the correctness of lines.
By the way, didyou notice the weekly bullish flag with 722 high mast?  |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #755 Posted: Sat May 25, 2013 1:12 am Post subject: |
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| vinay28 wrote: | | apka wrote: | | ok but all lines start from the main candle of restistence to support .. Backside is just extended.... Which one isnt correct? |
I said your logic that it will come down is not correct. I wasn't commentig on the correctness of lines.
By the way, didyou notice the weekly bullish flag with 722 high mast? |
722 in what, didnt get u sorry  |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #756 Posted: Sat May 25, 2013 11:08 am Post subject: |
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| apka wrote: | | 722 in what, didnt get u sorry |
weekly flag post is 722 high. So if it breaks out ...... |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #757 Posted: Mon May 27, 2013 9:30 am Post subject: |
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Reliance kills the bears this morning !!!  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #758 Posted: Mon May 27, 2013 9:40 am Post subject: |
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| SP50 wrote: | | Reliance kills the bears this morning !!! |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #759 Posted: Mon May 27, 2013 9:45 am Post subject: Nifty View- May 2013 |
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Vinay had solid plan on RIL. Keep rocking Vinay.
| vinay28 wrote: | | SP50 wrote: | | Reliance kills the bears this morning !!! |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #760 Posted: Mon May 27, 2013 9:45 am Post subject: |
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| VIX 17.97 to 17.49 |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #761 Posted: Mon May 27, 2013 9:45 am Post subject: |
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| vinay28 wrote: | | SP50 wrote: | | Reliance kills the bears this morning !!! |
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Whats the volume like in the first half hr? Nifty |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #762 Posted: Mon May 27, 2013 9:48 am Post subject: |
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| decent, in half an hour 2 million |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #763 Posted: Mon May 27, 2013 10:33 am Post subject: |
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| vinay28 wrote: | | VIX 17.97 to 17.49 |
17.33 |
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SP50
Brown Belt
Joined: 26 Nov 2010
Posts: 1615
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| Post: #764 Posted: Mon May 27, 2013 10:34 am Post subject: |
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Few things dont add up for this move but its best to stay long for the moment.
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #765 Posted: Mon May 27, 2013 1:14 pm Post subject: |
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| One can buy Cipla, SL 390, Target 428. |
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