iCharts Discussions

[riteshucha]

TSL - 7860 NF... above this it may fire up... till NF is below 7860 , nifty will keep getting sold with every rise....

[vinay28]

Updated NF levels as of 13/11.

[vinay28]

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

Nifty for Monday (16/11/15) and beyond

Supports are at about 7753, 7734, 7709 and 7702 while resistances are at about 7784, 7803, 7812 and 7889. Unfilled gaps on higher side is at about 7825. Two +WWs can give about 7885 (if above 7751) and 7905 (if above 7820) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7600 (if below 8036) (-WWs with lower targets are not mentioned as of now).

Nifty closed flat after a big gap down open and above 7750. Daily candle is a doji and also a likely morning star, to be confirmed by a green candle closing higher, preferably after a gap up open. The weekly candle is an inverted hammer. There is a +ve div on daily and we may see some reversal. Also, the bullish div is very strong and can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 7825 to begin with while a close below 7717 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 Tuesday (17/11/15) and beyond

Supports are at about 7784, 7731, 7711 and 7703 while resistances are at about 7813, 7848, 7862, 7893, 7914 and 80519. Unfilled gap on higher side is at about 7955. Three +WWs can give about 7844 (if above 7712), 7881 (if above 7729) and 7956 (if above 7762) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7719 (if below 7780) (-WWs with lower targets are not mentioned as of now).

Nifty rose sharply after a big gap down open and closed strongly +ve above 7800. Daily candle is bullish engulfing and there is a +ve div. Hence, we may see further rise. Also, the bullish div is very strong and can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 7825 to begin followed by above 7955 with while a close below 7717 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 Wednesday (18/11/15) and beyond

Supports are at about 7827, 7817, 7797, 7767, 7722 and 7702 while resistances are at about 7859, 7875, 7885, 7893, 7901, 7921, 7966, 7988 and 8042. Unfilled gap on higher side is at about 7916. Three +WWs can give about 7893 (if above 7720), 7980 (if above 7759) and 8017 (if above 7831) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7774 (if below 7868) and 7767 (if below 7853) (-WWs with lower targets are not mentioned as of now).

Nifty fell after a gap up open but recovered to close flattish but -ve and below 7850. Daily candle is a hammer with good +ve volume and we may see further rise. Also, the bullish div is very strong and can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 7955 for further rally while a close below 7762 followed by below 7717 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Updated NF levels as of 17/11.

[NU2013]

I feel we will have a short-term bottom in place around 7700 - 7750.

Will look to go long once we have clarity on the Fed.... expected to hike but devil is usually in the detail!!

But have also picked up some material which suggests that we are somewhere around 1937 in terms of past comparisons, and the depression/trough could be deeper. I believe that none of the govts. of the developed economies will allow this and one way or another, there'll be a lot of liquidity for another year or so, after the Fed hike.

Vinay bhai, any thoughts?? Perspectives till Feb-March??

[vinay28]

[vinay28]

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

Nifty for Thursday (19/11/15) and beyond

Supports are at about 7721, 7702, 7680 and 7646 while resistances are at about 7770, 7781, 7813, 7842, 7881, 7920 and 7949. Unfilled gap on higher side is at about 7916. Three +WWs can give about 7754 (if above 7725), 7774 (if above 7732) and 7822 (if above 7791) (+WWs with higher targets are not mentioned as of now). A -WWs can give about 7701 (if below 7863) (-WWs with lower targets are not mentioned as of now).

Nifty fell sharply in spite of a gap down open to close below 7750. There is a +ve div on daily and we may see some recovery. Also, the bullish div is very strong and can give a sharp and vicious recovery soon but only if buying emerges. Nifty must close above 7825 to begin with while a close below 7717 can mean more pain. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Updated NF levels as of 18/11.

[NU2013]

[vinay28]

Updated NF levels as of 19/11.

[pkholla]

Vinay
Today up, tomorrow down, poor volumes
But no news, good or bad, NF drifting
Just like Duke of York and his 10,000 men
People say FIIs are not in market
TV experts also in the dark, probably ready to try chicken bones, ouija board, Tarot cards. crystal ball,?,?
Aagey kya hoga?

Prakash Holla

[vinay28]

[AMBY]

GOOD VIEW,