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Nifty View - May Series 2014 |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #106  Posted: Fri May 09, 2014 9:22 am Post subject: |
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| vinay28 wrote: | | welgro, your SL of 6630 is on daily close basis? |
Market stoploss |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #107 Posted: Fri May 09, 2014 11:04 am Post subject: |
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| vinay28 wrote: | Nifty for Friday (09/05/14)
Supports are at about 6630, 6617 and 6582 while resistances are at about 6680, 6704, 6713, 6744 and 6769. Unfilled gaps on lower side are at about 6601, 6589 and 6494. Six +WWs can give about 6691 (once above 6642), 6693 (once above 6666), 6695 (once above 6638), 6706 (once above 6678) and 6727/6787 (once above 6650) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 6617, 6545 and 6520 (-WWs with much lower targets are not mentioned as of now).
Nifty closed flat, just above 6650 and still looks bearish. However, there is a mild +ve div, both on lower TFs and on daily chart and daily candle is a doji. Hence, we may see a recovery. If nifty does not reverse on Thursday and closes below 6650 then 6565 and 6430 look likely. Nifty must close well above 6695 (preferably at 6737 or more) on Friday to give a bullish candle on weekly. Oil price and/or INR and other global cues will remain key to the future of Indian markets in short to medium term. High VIX can cause wild intraday swings. Being an election month, trade carefully. |
targets of five +WWs met so far. Hoping for a strong close. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #108 Posted: Fri May 09, 2014 11:56 am Post subject: |
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| interstingly the Pe's havent really fallen that much considering rise in NF of abt 100 points!!! |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #109 Posted: Fri May 09, 2014 12:31 pm Post subject: Re: Banknifty spot analysis |
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| welgro wrote: | 
Banknifty spot Once if hold above 12800 its bullish. (Fibo Support)
banknifty spot if trade and hold above 13080 extremely bullish.( Sym Triangle b.out)
Today banknifty spot if trade and close below 12800 its bearish.
Downside Target maybe 12330.( Parallel line b.out target)
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Made high 13475.00 |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #110 Posted: Fri May 09, 2014 12:49 pm Post subject: |
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| I think today high of Ns will be right side shoulder |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #111 Posted: Fri May 09, 2014 12:54 pm Post subject: |
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| chandrujimrc wrote: | | I think today high of Ns will be right side shoulder |
yes unless 6870 is crossed. I am short just one lot now. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #112 Posted: Fri May 09, 2014 1:02 pm Post subject: |
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Dear vinay,
I think 6800 PE low level buying is going on heavily. |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #113 Posted: Fri May 09, 2014 1:15 pm Post subject: Re: Banknifty spot analysis |
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| welgro wrote: | | welgro wrote: |
Banknifty spot Once if hold above 12800 its bullish. (Fibo Support)
banknifty spot if trade and hold above 13080 extremely bullish.( Sym Triangle b.out)
Today banknifty spot if trade and close below 12800 its bearish.
Downside Target maybe 12330.( Parallel line b.out target)
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Made high 13475.00 |
very useful..info |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #114 Posted: Fri May 09, 2014 2:05 pm Post subject: |
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Exit poll leak so Market Jump- Zee Business
Someone has posted in another forum. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #115 Posted: Fri May 09, 2014 2:21 pm Post subject: |
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| chandrujimrc wrote: | Dear vinay,
I think 6800 PE low level buying is going on heavily. |
chandru, I have bought 6600pe |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #116 Posted: Fri May 09, 2014 2:23 pm Post subject: |
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| vinay28 wrote: | | Do TLs converge for a purpose? |
looks like they do.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #117 Posted: Fri May 09, 2014 2:25 pm Post subject: |
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| vinay28 wrote: | | looks like about 6631NS is break down level. |
this was posted with a chart on 7th. Low was 6638.55.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #118 Posted: Fri May 09, 2014 2:35 pm Post subject: |
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found this somewhere
Breaking News :-----------------------------------------
Congress -340 seats
Congress allies - 90 seats
AAP - 40 seats
Independents -10 seats
Third front and others - 60 seats
BJP/NDA - 3 seats
(Sushma, Advani and M.M. Joshi).
Please do not co relate this with 2014 Loksabha election opinion poll outcome. This is for invitation for Diggy's wedding. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #119 Posted: Fri May 09, 2014 2:37 pm Post subject: |
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| suddenly option premium falling |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #120 Posted: Fri May 09, 2014 3:19 pm Post subject: |
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| welgro wrote: | 
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Nifty spot New all time high  |
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