| View previous topic :: View next topic |
| Author |
Nifty View - November Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
Post: #136  Posted: Tue Nov 11, 2014 4:13 pm Post subject: |
 |
|
| Target of BO/BD 8420-30 or 8275-65. However, it is also part of a pennant and target can be 87xx. |
|
| Back to top |
|
 |
|
|
|
Badrek
White Belt
Joined: 09 Jul 2014
Posts: 29
|
| Post: #137 Posted: Tue Nov 11, 2014 4:41 pm Post subject: |
|
|
Thank you Vinay,PS & Mr. Holla for your advice and suggestions. Well it looks like i might have to expire it worthless as my emotions have already taken over . 
Have managed to hedge with few scrips which are in profit thankfully..
Expecting atleast some profit booking to happen as nifty has run up quite a lot. |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #138 Posted: Tue Nov 11, 2014 4:48 pm Post subject: |
|
|
| Badrek wrote: | Thank you Vinay,PS & Mr. Holla for your advice and suggestions. Well it looks like i might have to expire it worthless as my emotions have already taken over .
Have managed to hedge with few scrips which are in profit thankfully..
Expecting atleast some profit booking to happen as nifty has run up quite a lot. |
if you wish, you can shift to 8200pe but SL remains same. |
|
| Back to top |
|
|
Badrek
White Belt
Joined: 09 Jul 2014
Posts: 29
|
| Post: #139 Posted: Tue Nov 11, 2014 4:55 pm Post subject: |
|
|
| ok Vinay will give it a shot tomorrow and see. Thanks |
|
| Back to top |
|
|
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
|
| Post: #140 Posted: Tue Nov 11, 2014 7:35 pm Post subject: |
|
|
| Badrek wrote: | Thank you Vinay,PS & Mr. Holla for your advice and suggestions. Well it looks like i might have to expire it worthless as my emotions have already taken over .
Expecting atleast some profit booking to happen as nifty has run up quite a lot. |
Badrek: I am simply Prakash, Okay? I am NOT son in law of Pasta Queen!
I am sorry if this upsets anyone: but we all learn only when we get a few slaps (in life) and lose money (in share market).
We can read all the theory, nice books, listen to experts like Vinay, JT, Psalm but ultimately our own experience is what's important in guiding our destiny
Another advice I can give is that read Al Brooks (google 4shared free book DL site). "Reading price charts bar by bar". He advises you to trade by what you see in the charts not by hearsay, rumor, broker's tips, what RBI will do, what Putin will do in Ukraine, etc. Cheers, Prakash Holla |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #141 Posted: Tue Nov 11, 2014 8:17 pm Post subject: |
|
|
Nifty for Wednesday (12/11/14)
Supports are at about 8347, 8333, 8318, 8290 and 8255 while resistances are at about 8377, 8409/12 and 8430. An unfilled gap on lower side is at about 8169. Two +WWs can give 8395 (if above 8298) and 8436 (if above 8306) (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8246 (if below 8344), 8200 (if below 8374), 8177 (if below 8334) and 8074 (-WWs with much lower targets are not mentioned as of now). A HnS can give about 8265/8230 once below 8318. A channel BO/BD can give 8470/8220.
Nifty closed flattish again but above 8350. Daily candle is a hanging man cum doji. Nifty appears overbought and one needs to be cautious with longs. Also, there is a -ve div on daily and weekly TF and it will not go unless rsi crosses 75.08 on daily to begin with. A close below 8266 will invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. |
|
| Back to top |
|
|
apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
|
| Post: #142 Posted: Wed Nov 12, 2014 10:29 am Post subject: |
|
|
Bank nifty hits 17500 
Now expecting nifty to touch 8480 |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #143 Posted: Wed Nov 12, 2014 10:36 am Post subject: |
|
|
| apka wrote: | Bank nifty hits 17500
Now expecting nifty to touch 8480 |
17800 is tough nut to crack. ideal short here. |
|
| Back to top |
|
|
NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
|
| Post: #144 Posted: Wed Nov 12, 2014 10:37 am Post subject: |
|
|
| vinay28 wrote: | | apka wrote: | Bank nifty hits 17500
Now expecting nifty to touch 8480 |
17800 is tough nut to crack. ideal short here. |
Any level to short NIFTY afresh?? |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #145 Posted: Wed Nov 12, 2014 10:37 am Post subject: |
|
|
| 8409-13 and then 8430 crucial |
|
| Back to top |
|
|
kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
|
| Post: #146 Posted: Wed Nov 12, 2014 11:18 am Post subject: |
|
|
| apka wrote: | Bank nifty hits 17500
Now expecting nifty to touch 8480 |
Thats right
NF can reach 8480  |
|
| Back to top |
|
|
kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
|
| Post: #147 Posted: Wed Nov 12, 2014 11:19 am Post subject: |
|
|
| NU2013 wrote: |
Any level to short NIFTY afresh?? |
Why want to short
Move with the trend
8445-7 coming |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #148 Posted: Wed Nov 12, 2014 11:26 am Post subject: |
|
|
| NU2013 wrote: | | vinay28 wrote: | | apka wrote: | Bank nifty hits 17500
Now expecting nifty to touch 8480 |
17800 is tough nut to crack. ideal short here. |
Any level to short NIFTY afresh?? |
around 8450-65NF with a bit above 8500 as SL. |
|
| Back to top |
|
|
NU2013
White Belt
Joined: 18 Jul 2013
Posts: 104
|
| Post: #149 Posted: Wed Nov 12, 2014 11:28 am Post subject: |
|
|
| kaydee11 wrote: | | NU2013 wrote: |
Any level to short NIFTY afresh?? |
Why want to short
Move with the trend
8445-7 coming |
I am long in a couple of banks, NBFC's and IT companies.
But i think if weak hands start taking profits, NIFTY will come down to 8200-odd levels. Easier trade!!
Overall, before 8600 is reached, i think a small correction is due!! |
|
| Back to top |
|
|
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
|
| Post: #150 Posted: Wed Nov 12, 2014 2:15 pm Post subject: |
|
|
| vinay28 wrote: | | 8409-13 and then 8430 crucial |
8415 was high |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
