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Nifty View - May Series 2014 |
welgro
Brown Belt
Joined: 24 Sep 2012
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amitagg
Black Belt
Joined: 01 Oct 2013
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Post: #92  Posted: Wed May 07, 2014 3:43 pm Post subject: |
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| target 6415-6480..... |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #93 Posted: Wed May 07, 2014 3:49 pm Post subject: |
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| amitagg wrote: | | target 6415-6480..... |
one more thing Welgro, since most can see H&S......it may just not oblige [ pattern failure case].....since also near to events......well people who trade on system need not bother.......
again 6415/ 6260(6300) and 7000-7300 range play can still be had with 480 inflow premium 6800 call put sell with Viz at 34-35..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #94 Posted: Wed May 07, 2014 7:34 pm Post subject: |
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| looks like about 6631NS is break down level. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #95 Posted: Thu May 08, 2014 8:15 am Post subject: Banknifty spot analysis |
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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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"I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times."
Bruce Lee |
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #96 Posted: Thu May 08, 2014 9:28 am Post subject: |
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| Do TLs converge for a purpose? |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #97 Posted: Thu May 08, 2014 9:28 am Post subject: nf intraday |
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NF buy above 6706.65 for trgt 6717/6734/6751/6758/6761/6768/6771
or buy near 6679/80 with 2/3 point sl
sell nf was below 6706.65 with trgt 6702/6696/6679/6662/6655/6651/6645/6641
buy nf above 6700 trgt 6703/6710/6727/6744/6751/6754/6761/6764 with stop at 6693 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #98 Posted: Thu May 08, 2014 12:26 pm Post subject: Re: nf intraday |
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| dynamite_munda11 wrote: | NF buy above 6706.65 for trgt 6717/6734/6751/6758/6761/6768/6771
or buy near 6679/80 with 2/3 point sl
sell nf was below 6706.65 with trgt 6702/6696/6679/6662/6655/6651/6645/6641
buy nf above 6700 trgt 6703/6710/6727/6744/6751/6754/6761/6764 with stop at 6693 |
6702/6696/6679/6662/6655/6651/6645/6641 - not seen something like this........so many  |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #99 Posted: Thu May 08, 2014 12:31 pm Post subject: |
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| Mkt in neutral but 6800 CE 6rs + and 6800 PE 5rs +. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #100 Posted: Thu May 08, 2014 1:47 pm Post subject: |
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| chandrujimrc wrote: | | Mkt in neutral but 6800 CE 6rs + and 6800 PE 5rs +. |
chandru, just for info, march expiry NS target has been met. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #101 Posted: Thu May 08, 2014 2:03 pm Post subject: |
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Dear vinay,
I am expecting NF also. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #102 Posted: Thu May 08, 2014 2:36 pm Post subject: |
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| Pucca H&S pattern in BNF, if it breaks 13050,we can expect 100 points slide. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #103 Posted: Thu May 08, 2014 8:03 pm Post subject: |
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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. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #104 Posted: Fri May 09, 2014 8:56 am Post subject: |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #105 Posted: Fri May 09, 2014 9:12 am Post subject: |
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| welgro, your SL of 6630 is on daily close basis? |
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