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Nifty View - November Series |
pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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Post: #226  Posted: Wed Nov 19, 2014 11:24 am Post subject: Robert C Miner + Fib Calcs. |
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Vinay: Lets see what you can make of the values I get. there is no straightforward set of values as lower highs and higher lows can be interpreted as pivots or temporary stops on the way! Thats why I am enclosing the calculator if any one wants to try a different set of inputs
ALL NIFTY SPOT
INTERNAL RETRACEMENT SET ALT PRICE PROJECTIONS
0.786* 7776.6 1.618 8759.5
0.618 7726 1.000 8364
0.500 7690.5 0.618 8119.4
* Miner considers 0.786 (= sq root of 0.618) as equally significant
Conclusion:
1 No match between the 2 sets, hence I am considering the highs on RHS
2 NS temporarily moved sideways around 8364 before resuming upward march! >>>>> OMG, MONEY POWER, VINAY!
3 Are we seeing 8759.5 NS before final exhaustion of this super- wave???
Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #227 Posted: Wed Nov 19, 2014 11:27 am Post subject: |
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| that's fine Prakash, you can keep correcting it as you find new levels. we will take 8759 as of now. I am intrigued by 8364, a level I had posted in august. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #228 Posted: Wed Nov 19, 2014 8:44 pm Post subject: |
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| Nifty crossed below channel bottom before recovering and could be a false break down. Buy on dip (Green) and sell on rise (Red) zones marked. Break out if sustains above about 8459 and break down if sustains below about 8320. |
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kaydee11
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Joined: 29 Jan 2014
Posts: 79
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| Post: #229 Posted: Thu Nov 20, 2014 10:40 am Post subject: |
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| amexhui wrote: | | kaydee11 wrote: | | amexhui wrote: |
Is Friday this week ( 21 Nov ) something important from an astro perspective ? Thanks |
Mercury will set in the East (Western Horizon) on 20th midnight (23.53 pm to be exact) |
Thanks kaydee11. Appreciate it.
To tell you from the depth of my heart, we are all well-wishers of each other in this forum. Any criticism/observation is only limited to actually helping each other which may not be apparent immediately. |
Thanks amexhui
Is there any importance of this phenomenon on market
Sometime back I have read about it, about the effect of combustion
But not able to recall at the moment |
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amexhui
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Joined: 26 May 2009
Posts: 45
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| Post: #230 Posted: Thu Nov 20, 2014 11:20 am Post subject: |
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[quote="kaydee11"][quote="amexhui"] | kaydee11 wrote: | | amexhui wrote: |
Is Friday this week ( 21 Nov ) something important from an astro perspective ? Thanks |
Mercury will set in the East (Western Horizon) on 20th midnight (23.53 pm to be exact) |
Historically it seems to have worked well. I'm no expert but per this astro .. Friday this week +/- 1 day will have a big unidirectional move. |
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rameshraja
Expert
Joined: 24 Nov 2006
Posts: 1121
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vinay28
Black Belt
Joined: 24 Dec 2010
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| Post: #232 Posted: Thu Nov 20, 2014 11:52 am Post subject: |
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many thanks Mr Raja. Actually Mercury becomes combust today and not retrograde. |
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ap210585
White Belt
Joined: 27 Feb 2014
Posts: 38
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| Post: #233 Posted: Thu Nov 20, 2014 12:02 pm Post subject: |
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| actually mercury enters scorpio on 24th. an unfriendly sign for mercury |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #234 Posted: Thu Nov 20, 2014 2:38 pm Post subject: |
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| Obama to announce major changes in US immigration policy. Possibly hugely +ve for IT firms. |
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dilpat
White Belt
Joined: 18 Mar 2013
Posts: 19
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| Post: #235 Posted: Thu Nov 20, 2014 3:51 pm Post subject: |
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Vinay sir,
covered shorts @8374... was it right or would have hold till SL?
| dilpat wrote: | Ok sir,
| vinay28 wrote: | | dilpat wrote: | Vinay sir,
Any stoploss for shorts? |
dilpat, first SL is 60tf close above 8465NF (ideally remaining above for 60 min) and next 8500. I have bought 8200pe for dec today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #236 Posted: Thu Nov 20, 2014 4:07 pm Post subject: |
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| dilpat wrote: | Vinay sir,
covered shorts @8374... was it right or would have hold till SL? |
dilpat, I think it was correct. you can now short again only below 8348NS or at 8490/8500NF, which, with luck, may come tmrw. |
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dilpat
White Belt
Joined: 18 Mar 2013
Posts: 19
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| Post: #237 Posted: Thu Nov 20, 2014 4:11 pm Post subject: |
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Ok sir,
thanks
| vinay28 wrote: | | dilpat wrote: | Vinay sir,
covered shorts @8374... was it right or would have hold till SL? |
dilpat, I think it was correct. you can now short again only below 8348NS or at 8490/8500NF, which, with luck, may come tmrw. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #238 Posted: Thu Nov 20, 2014 6:26 pm Post subject: |
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Nifty for Friday (21/11/14)
Supports are at about 8382, 8366, 8351, 8330 and 8321 while resistances are at about 8415, 8425, 8436, 8447, 8481 and 8528. Three +WWs can give about 8428 (if above 8386), 8436 (if above 8359) and 8485 (if above 8340) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8345 (once below 8382) (-WWs with much lower targets are not mentioned as of now). A channel BO/BD can give 8540/8310.
Nifty closed flat after a gap up open and closed just above 8400. A mild bearish div has appeared and will only vanish if nifty goes above 8456. However, daily candle is a hammer and further recovery is possible. The -ve div on daily and weekly TF still persists and will not go unless rsi crosses 75.08 on daily to begin with. Friday must close well above 8404 to avoid an inverted hammer on weekly chart (assuming high/low being same). A close below 8355 will be bad but a close below 8310 will invite bears. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #239 Posted: Fri Nov 21, 2014 9:47 am Post subject: |
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2 days late, but banknifty 17850-900 has come.... exited bn long.
my dec trgt is near 18300... and nifty 8650-8700... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #240 Posted: Fri Nov 21, 2014 9:55 am Post subject: |
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| apka wrote: | 2 days late, but banknifty 17850-900 has come.... exited bn long.
my dec trgt is near 18300... and nifty 8650-8700... |
I too exited. but now intend to short after watching till 1 pm |
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