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Nifty View - May Series 2014 |
amitagg
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Post: #271  Posted: Tue May 27, 2014 7:27 pm Post subject: |
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| vinay28 wrote: | Nifty for Wednesday (28/05/14)
Supports are at about 7288, 7250, 7220 and 7128 while resistances are at about 7334, 7360, 7381 and 7438. Previous low to watch for is at about 7206. Three +WWs can give about 7408 (once above 7284), 7432 (once above 7264) and 7486 (once above 7405) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7181 (once below 7350) (-WWs with much lower targets are not mentioned as of now). A bearish flag can give lower level unless killed above 7410.
Nifty fell again to close just above 7300 and is bearish. Daily candle is an inside bar. Crucial levels on the higher side are 7334 and 7381 above which nifty can make fresh highs while those on lower side are 7288 and 7220 below which it can make fresh lows. Being an expiry week, trade carefully.
If PCR is 0.83 or lower, nifty may go up. |
how come 7137 target arrived....very bearish ....over the next few days...seeking ur view and other systems all giving short term sell, i shall enter into small shorts tomorrow...thanks |
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vinay28
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| Post: #272 Posted: Tue May 27, 2014 7:34 pm Post subject: |
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| amitagg wrote: | | how come 7137 target arrived....very bearish ....over the next few days...seeking ur view and other systems all giving short term sell, i shall enter into small shorts tomorrow...thanks |
actually I am long but will keep strict vigil on about 7288 and 7220. 7137 is a likely target if nifty doesn't make a big upmove tmrw. So I bet on higher stakes. 
If it goes up a lot tmrw then either it will come down next week or not at all. |
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welgro
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| Post: #273 Posted: Wed May 28, 2014 8:45 am Post subject: |
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dynamite_munda11
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| Post: #274 Posted: Wed May 28, 2014 9:25 am Post subject: nifty fut intraday 28/05/2014 |
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nifty fut intraday 28/05/2014
NF is but at or above 7320 trgts 7331/7348 more upside only above 7348 trgt 7366/73/77/84 |
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welgro
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| Post: #275 Posted: Wed May 28, 2014 9:44 am Post subject: |
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riteshucha
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| Post: #276 Posted: Wed May 28, 2014 12:09 pm Post subject: |
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resistances are at about 7334 -- not able to cross this for almost an hour now..
| vinay28 wrote: | Nifty for Wednesday (28/05/14)
Supports are at about 7288, 7250, 7220 and 7128 while resistances are at about 7334, 7360, 7381 and 7438. Previous low to watch for is at about 7206. Three +WWs can give about 7408 (once above 7284), 7432 (once above 7264) and 7486 (once above 7405) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7181 (once below 7350) (-WWs with much lower targets are not mentioned as of now). A bearish flag can give lower level unless killed above 7410.
Nifty fell again to close just above 7300 and is bearish. Daily candle is an inside bar. Crucial levels on the higher side are 7334 and 7381 above which nifty can make fresh highs while those on lower side are 7288 and 7220 below which it can make fresh lows. Being an expiry week, trade carefully.
If PCR is 0.83 or lower, nifty may go up. |
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vinay28
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| Post: #277 Posted: Wed May 28, 2014 12:12 pm Post subject: |
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| riteshucha wrote: | | resistances are at about 7334 -- not able to cross this for almost an hour now.. |
patience dear. it is a buy for intraday with SL 7300. target 7366/77 |
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dynamite_munda11
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Joined: 14 Nov 2010
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| Post: #278 Posted: Wed May 28, 2014 12:30 pm Post subject: |
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| riteshucha wrote: | resistances are at about 7334 -- not able to cross this for almost an hour now..
| vinay28 wrote: | Nifty for Wednesday (28/05/14)
Supports are at about 7288, 7250, 7220 and 7128 while resistances are at about 7334, 7360, 7381 and 7438. Previous low to watch for is at about 7206. Three +WWs can give about 7408 (once above 7284), 7432 (once above 7264) and 7486 (once above 7405) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7181 (once below 7350) (-WWs with much lower targets are not mentioned as of now). A bearish flag can give lower level unless killed above 7410.
Nifty fell again to close just above 7300 and is bearish. Daily candle is an inside bar. Crucial levels on the higher side are 7334 and 7381 above which nifty can make fresh highs while those on lower side are 7288 and 7220 below which it can make fresh lows. Being an expiry week, trade carefully.
If PCR is 0.83 or lower, nifty may go up. |
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intraday at the moment sustaining 7317.5 long in nf should be held and trgts are 7328/7346 and more upside only above 7346 |
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amitagg
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| Post: #279 Posted: Wed May 28, 2014 2:43 pm Post subject: |
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| why is June premium only Rs 20?....does this suggest bearishness....? |
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vinay28
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| Post: #280 Posted: Wed May 28, 2014 3:14 pm Post subject: |
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| amitagg wrote: | | why is June premium only Rs 20?....does this suggest bearishness....? |
even though I am bearish for june, IMHO not necessarily because it may mean there isn't much carry forward and hence little scope for long covering. |
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vinay28
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| Post: #281 Posted: Wed May 28, 2014 3:17 pm Post subject: |
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| An AT BO can give 7395NS |
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welgro
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| Post: #282 Posted: Wed May 28, 2014 8:37 pm Post subject: |
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vinay28
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| Post: #283 Posted: Wed May 28, 2014 8:59 pm Post subject: |
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Nifty for Thursday (29/05/14)
Supports are at about 7300, 7278, 7258 and 7230 while resistances are at about 7345, 7387, 7420 and 7480. Previous low to watch for is at about 7252. A +WW can give about 7400 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7210 and 7146 (once below 7360) (-WWs with much lower targets are not mentioned as of now). A bearish flag can give lower level unless killed above 7410. BO of an AT can give about 7395 if nifty remains above 7340.
Nifty closed flat and above 7300. Daily candle is an inside bar and also like a bullish Harami Cross, a likely reversal sign. Hence a close above 7345 will be bullish while a close below 7302 will be bearish. Also, Wednesday was a NR7 day and hence we could see a big move on Thursday. Crucial levels on the higher side are 7340 and 7387 while those on lower side are 7300 and 7230 below which it can make fresh lows. Being an expiry day, trade carefully. |
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vinay28
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| Post: #284 Posted: Wed May 28, 2014 9:32 pm Post subject: |
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| The narrow zone. |
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saumya12
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Joined: 21 Dec 2011
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| Post: #285 Posted: Wed May 28, 2014 9:51 pm Post subject: |
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Today
NS - NR7 with Inside bar
NF - NR7 with Inside bar
BN - 2NR7 (consecutive NR7 day)
BNF - NR7 with Inside bar
So tomorrow should be a highly volatile day.
But will it be, so.
A million dollar question  |
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