iCharts Discussions

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (04/11/15) and beyond

Supports are at about 8024, 7993, 7977, 7958, 7923 and 7883 while resistances are at about 8067, 8080, 8100, 8119, 8136, 8152, 8165, 8182 and 8256. 50/100 dma is at about 7998/8205. Unfilled gaps on higher/lower side are at about 8233/7950 resp. Two +WWs can give about 8163 (if above 8087) and 8208 (if above 8113) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8020 (-WWs with lower targets are not mentioned as of now). A falling wedge can give about 8235/8335 upon BO above 8035 or 7930 upon BD below 7980. A small IHnS can give about 8140 if nifty sustains above 8080.

Nifty fell again after a gap up open but recovered to close higher above 8050. There is a +ve div on daily and money flow is +ve too. Hence, it may not fall much now. Also, the persisting bullish div can give a sharp and vicious recovery soon if buying emerges. Nifty must close above 8108 to begin with followed by above 8190 for further upmove. A close below 8001/7981 can mean lower levels. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (05/11/15) and beyond

Supports are at about 8033, 8003, 7994, 7969, 7956, 7915 and 7883 while resistances are at about 8064, 8100, 8114, 8123, 8153 and 8176. 50 dma is at about 7991. Unfilled gap on lower side is at about 7950. A +WW can give about 8169 (if above 8085) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8004 (-WWs with lower targets are not mentioned as of now). A falling wedge can give about 8200/8335 if nifty sustaining above 7995 or 7930 upon BD below 7980.

Nifty fell again after a gap up open and closed below 8050 and seems nervous. The persisting bullish div can give a sharp and vicious recovery soon if buying emerges. Nifty must close above 8108 to begin with followed by above 8190 for further upmove. A close below 8001/7981 can mean lower levels. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings due to high VIX.

[NU2013]

[vinay28]

[riteshucha]

gap of 7950 filled.
NS first target.. 7856 +/-10...

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (06/11/15) and beyond

Supports are at about 7920, 7909, 7883, 7853 and 7800/7785 while resistances are at about 7964, 7980, 7999, 8013, 8022, 8067, 8079, 8091, 8114, 8126 and 8152. 50 dma is at about 7986. Unfilled gap on higher/lower sides are at about 8041/7843. Two +WWs can give about 8046 (if above 7971) and 8122 (if above 7963) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A falling wedge can give about 8150/8335 if nifty sustaining above 7945.

Nifty fell again in spite of a gap down open and closed just above 7950 and looks very bearish. The persisting bullish div can give a sharp and vicious recovery soon if buying emerges. Nifty must close above 8061 to begin with followed by above 8108 to give any hope to bulls. A close below 7868 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (09/11/15) and beyond

Supports are at about 7925, 7913, 7882, 7854, 7800 and 7702 while resistances are at about 7965, 7990, 7999, 8011, 8041, 8083, 8114, 8127, 8156 and 8294. 50 dma is at about 7987. Unfilled gap on higher/lower sides are at about 8041/7843. Five +WWs can give about 7983 (if above 7927), 8053 (if above 7966), 8128 (if above 7981), 8174 (if above 8084) and 8221 (if above 8114) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7630 (if below 8028) (-WWs with lower targets are not mentioned as of now). A falling wedge can give about 8150/8335 if nifty sustains above 7945.

Nifty closed flat and just above 7950. Daily candle is a doji. The persisting bullish div can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 8061 to begin with followed by above 8108 to give any hope to bulls. A close below 7868 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully next week being truncated.

[NU2013]

[vinay28]

[raj1377]

its my personal view PLZ note
NIFTY gapdown shud take support 7840 7800 levels breaking below tht levels v may may test 7730 7700 arnd levels
hopefully holding 7800 levels v may agn see bounce fr 7940 8030 i know its catching falling knife sometime dangerous bt sometime if u have knife in ur hand thn......
8030 8040 is key levels
thnx

[apka]

Nifty is -130 points and 7700pe has gone negative to 50 after opening near 95... Never seen such a fall in close put with 10 days to go for expiry

[pkholla]

[riteshucha]

NS 2nd target comes to 7732 - 7674....

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (10/11/15) and beyond

Supports are at about 7883, 7871, 7802, 7753 and 7702 while resistances are at about 7938, 7950, 7979, 8018, 8043, 8114 and 8139. 50 dma is at about 7989. Unfilled gap on higher side is at about 7955. Four +WWs can give about 7987 (if above 7922), 8010 (if above 7893), 8069 (if above 7962) and 8128 (if above 7950) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7600 (if below 8031) (-WWs with lower targets are not mentioned as of now).

Nifty opened with a huge gap down but reversed sharply to close strongly +ve above 7900 but well below 50 dma. The bullish div is very strong and can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 7982/8051/8108 to begin next rally. A close below 7788 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully next week being truncated.

[vinay28]

I feel one can buy 8400ce, very small risk.