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Nifty View - May Series 2014 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #211  Posted: Sat May 17, 2014 11:25 am Post subject: |
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| riteshucha wrote: | vinay, at what level on the upside does this -ww get negated... or does a ww ever get negated at all...?
did u mean 5344 or 6344...? just checking..  |
IMHO, a -ww doesn't get negated, just postponed. the -ww is certainly active now but perhaps its time hasn't yet come. This time uptrend is still intact and nifty may fill the gap at 7014 and reverse sharply for 7890/8000 in June or latest July.
And it is 5344 as of now. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #212 Posted: Sat May 17, 2014 12:23 pm Post subject: |
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thanks... recently was looking at candlestick patterns..
isnt yest candle a shooting star? a reversal sign? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #213 Posted: Sat May 17, 2014 5:02 pm Post subject: |
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| 29/5 must close well above 7074 NS while 30/5 must close well above 6995. June may be sharply up, may be 7890/8000. Provided of course it doesn't close below 6858 on weekly basis. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #214 Posted: Sat May 17, 2014 7:35 pm Post subject: |
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| riteshucha wrote: | thanks... recently was looking at candlestick patterns..
isnt yest candle a shooting star? a reversal sign? |
If the underlying movement is strong like the current one, 1 single day's candlestick pattern wont matter or give the desired result. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #215 Posted: Mon May 19, 2014 8:51 am Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #216 Posted: Mon May 19, 2014 9:44 am Post subject: |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #217 Posted: Mon May 19, 2014 11:44 am Post subject: |
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| welgro wrote: | |
just to add, as per demand supply analysis there is good demand at 56.5-57.5 levels....and not a short at this level and expect bounceback [temporary] |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #218 Posted: Mon May 19, 2014 1:12 pm Post subject: |
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Mr Apka
Nifty Future could resist around 7348 and probably crossing 7375 could trigger upmove to 7550 and to once again test Election result high. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #219 Posted: Mon May 19, 2014 1:31 pm Post subject: |
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| rameshraja wrote: | Mr Apka
Nifty Future could resist around 7348 and probably crossing 7375 could trigger upmove to 7550 and to once again test Election result high. |
thank you Mr Raja. Tallies with my feeling that it will be a buy above 7350NS and definitely above 7400. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #220 Posted: Mon May 19, 2014 3:40 pm Post subject: |
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| rameshraja wrote: | Mr Apka
Nifty Future could resist around 7348 and probably crossing 7375 could trigger upmove to 7550 and to once again test Election result high. |
Thank you |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #221 Posted: Mon May 19, 2014 4:21 pm Post subject: |
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| is today's candle an IB& a hanging man...?? what do u make of it? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #222 Posted: Mon May 19, 2014 6:37 pm Post subject: |
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| riteshucha wrote: | | is today's candle an IB& a hanging man...?? what do u make of it? |
not much, most probably consolidation. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #223 Posted: Tue May 20, 2014 10:23 am Post subject: |
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Mr Vinay and Mr Apka
As of now NF resisted as per my level at 7348..
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #224 Posted: Tue May 20, 2014 10:30 am Post subject: |
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| rameshraja wrote: | Mr Vinay and Mr Apka
As of now NF resisted as per my level at 7348..
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haha, yes Mr Raja. I was about to post that. high was 7347.60.  |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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| Post: #225 Posted: Tue May 20, 2014 10:58 am Post subject: |
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Mr Vinay
NF crashed by 81 points from Resistance level of 7348 to 7267 as of now.. Breaking 7265, further pressure could mount on NF. |
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