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Nifty View - October Series 2013 |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #361  Posted: Wed Oct 23, 2013 8:27 am Post subject: |
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| Likely target 6280 |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #362 Posted: Wed Oct 23, 2013 8:46 am Post subject: |
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| I think Nifty will cross y"day high but close will be below y"day low. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #363 Posted: Wed Oct 23, 2013 8:54 am Post subject: |
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| chandrujimrc wrote: | | I think Nifty will cross y"day high but close will be below y"day low. |
quite possible chandru. but any reason behind your thinking? |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #364 Posted: Wed Oct 23, 2013 9:47 am Post subject: |
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Hi vinay,
Reason
1.NR7 Day, 2.Mkt in extremely over bought condition, 3.Mkt moving up with -ve divrg, 4.Each and every one expecting new high. 5.Most important reason is I am expecting EOD -WW. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #365 Posted: Wed Oct 23, 2013 10:04 am Post subject: |
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| chandrujimrc wrote: | Hi vinay,
Reason
1.NR7 Day, 2.Mkt in extremely over bought condition, 3.Mkt moving up with -ve divrg, 4.Each and every one expecting new high. 5.Most important reason is I am expecting EOD -WW. |
right chandru. I feel it should bounce back now and also not break 6130NS. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #366 Posted: Wed Oct 23, 2013 10:29 am Post subject: |
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I think what everyone says rising with negative divergence is actually trend continuation with consolidation. If new high is formed and RSI touches/breaches overbought zone again and falls, or when more than 2 continuous down days are there, then I would think trend is losing steam.
Agreed with 6280 spot trgt. Still holding Axis Calls.  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #367 Posted: Wed Oct 23, 2013 10:43 am Post subject: |
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| vinay28 wrote: | | Likely target 6280 |
it has actualy broken down. Now to see whether it is a false BD. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #368 Posted: Wed Oct 23, 2013 11:20 am Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | Likely target 6280 |
it has actualy broken down. Now to see whether it is a false BD. |
I suspect with equal points it will overshoot 6280. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #369 Posted: Wed Oct 23, 2013 1:15 pm Post subject: |
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| According to one analysis, nifty can't make an all time high unless vix goes below 18.71. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #370 Posted: Wed Oct 23, 2013 1:21 pm Post subject: |
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| what are downtargets for this "leg" - 6112 and 6075-6068? |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #371 Posted: Wed Oct 23, 2013 1:39 pm Post subject: |
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| vinay28 wrote: | | According to one analysis, nifty can't make an all time high unless vix goes below 18.71. |
hmm, 18.76 low today, not too far.
rupee slide resulting in downside today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #372 Posted: Wed Oct 23, 2013 1:46 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | According to one analysis, nifty can't make an all time high unless vix goes below 18.71. |
hmm, 18.76 low today, not too far.
rupee slide resulting in downside today. |
this is all planned. sell debt and equity. |
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rrk2006hyd
Yellow Belt
Joined: 13 Oct 2010
Posts: 874
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| Post: #373 Posted: Wed Oct 23, 2013 2:17 pm Post subject: |
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| rrk2006hyd wrote: | | nifty levels...6288-6245-6160-6116 |
today nifty low ..6116.60
nifty levles are 6210-6170-6086-6045
Last edited by rrk2006hyd on Wed Oct 23, 2013 2:34 pm; edited 1 time in total |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #374 Posted: Wed Oct 23, 2013 2:23 pm Post subject: |
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| rrk2006hyd wrote: | | rrk2006hyd wrote: | | nifty levels...6288-6245-6160-6116 |
today nifty low ..6116.60
nifty levles are 6210-6170-6086-6045 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #375 Posted: Wed Oct 23, 2013 2:31 pm Post subject: |
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| apka wrote: | | vinay28 wrote: | | According to one analysis, nifty can't make an all time high unless vix goes below 18.71. |
hmm, 18.76 low today, not too far.
rupee slide resulting in downside today. |
at last it has started falling. hopefully won't go up again. |
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