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Nifty View - October Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #106  Posted: Wed Oct 15, 2014 6:11 pm Post subject: |
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Nifty for Thursday (16/10/14)
Supports are at about 7843, 7816, 7795, 7770 and 7724 while resistances are at about 7876, 7889, 7918, 7932, 7953, 7996 and 8041. A previous high is about 7973. Three +WWs can give about 7998 (if above 7828), 8046 (if above 7791) and 8095 (if above 7832) (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 7839 (if below 7910), 7801 (once below 7857), 7772 (once below 7931) and 7759 (if below 7920) (-WWs with much lower targets are not mentioned as of now).
Nifty fell sharply in spite of a gap up open and closed above 7850. There is a mild bullish div but must be confirmed by a higher high and close. A close above 7966 may take it up further while a close below 7800 may end the bull rally for a few months. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #107 Posted: Thu Oct 16, 2014 12:37 am Post subject: |
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| amitagg wrote: | | pkholla wrote: | | vinay28 wrote: | | I will be away for a few days from tmrw and may not be on line. |
Market will also be off-line till Tuesday morning so we wont miss you. Enjoy yourself, recharge with "Talisker" brand energy drink, (post Dasara session), and come back with a bang. Your guidance vital if we have to make the most of predicted swing upto 8500. Prakash Holla
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Vijay often given both sides targets because there are both buyers and sellers in the market. I am a seller this time till nov dec and target is opposite to 7500...... Let's see..... May be we have forgotten Vinays downside targets in a " bullish mood" |
PK ...you didnt like my post  ...u have a week in hand. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #108 Posted: Thu Oct 16, 2014 1:37 pm Post subject: |
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VIX has been rising silently since last few days, it's at 15.52 now.
And with daily gap ups and downs but trading at lower end range, i think 150 point downside should be coming. |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #109 Posted: Thu Oct 16, 2014 1:41 pm Post subject: |
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| apka wrote: | VIX has been rising silently since last few days, it's at 15.52 now.
And with daily gap ups and downs but trading at lower end range, i think 150 point downside should be coming. |
let's see whether it closes below 7840. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #110 Posted: Thu Oct 16, 2014 2:04 pm Post subject: |
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| be carefull on the long side...broken the low of 30 min candle at 7855... we could see 7791/7810 atleast today.. below 7791 tgt are 7769 / 7747 / 7725... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #111 Posted: Thu Oct 16, 2014 2:09 pm Post subject: |
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| Updated levels of NF. It shows that if 7791NF is taken out, it will fall more. IMHO, worst case 7620NF. |
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riteshucha
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Posts: 1292
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| Post: #112 Posted: Thu Oct 16, 2014 3:20 pm Post subject: |
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one can book partially... tgt 7705/10 for tomm
| riteshucha wrote: | | be carefull on the long side...broken the low of 30 min candle at 7855... we could see 7791/7810 atleast today.. below 7791 tgt are 7769 / 7747 / 7725... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #113 Posted: Thu Oct 16, 2014 3:28 pm Post subject: |
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| Sold my puts because of this. Will decide tmrw. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #114 Posted: Thu Oct 16, 2014 3:33 pm Post subject: |
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| ditto vinay. hopefully there wouldn't be a gap down opening to make us jealous. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #115 Posted: Thu Oct 16, 2014 3:41 pm Post subject: |
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vinay if i remember correctly, 7745 was the breakout point last series from where it rallied all the way till 8200... it shld touch that tomm, (also Jt's oct levls says 7750 as support),
shld bounce back from here or may be another 40/50 points lower... if 7705 is not held, definitely more pain all the way to 7500... |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #116 Posted: Thu Oct 16, 2014 3:42 pm Post subject: |
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VIX touched 17 btw and it's weekly upper BB is near 18.
Is there any indication from CBOE VIX, Vinay? |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #117 Posted: Thu Oct 16, 2014 3:53 pm Post subject: |
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| apka wrote: | ditto vinay. hopefully there wouldn't be a gap down opening to make us jealous........
VIX touched 17 btw and it's weekly upper BB is near 18.
Is there any indication from CBOE VIX, Vinay? |
no problem if gap down open tmrw. shorting at this level is dangerous as SL is far up unless you keep 30/50 above ur level depending upon whether ur trade is intraday or short term. also, having found support at TL AND weekly S2 level, there could be bounce upto 7765/85. In fact sustaining above 7765 can give 8000++ due to some +WWs. Also, upper TL of the wedge is 7885.
so if it is going to go down much more, 7760/65 is good short with 7790/95 as SL.
I haven't checked CBOE VIX but, as posted last week I think, US bond yield gave clues in morning.
Last edited by vinay28 on Thu Oct 16, 2014 4:06 pm; edited 1 time in total |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #118 Posted: Thu Oct 16, 2014 4:05 pm Post subject: |
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| apka wrote: | VIX touched 17 btw and it's weekly upper BB is near 18.
Is there any indication from CBOE VIX, Vinay? |
I just checked. ratio of cboe vix to india vix almost touched 1.60 today. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #119 Posted: Thu Oct 16, 2014 4:27 pm Post subject: |
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| it breached 100 dma but closed above. 20 wma is at 7780 so tmrw's close needs to be seen. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #120 Posted: Thu Oct 16, 2014 8:23 pm Post subject: |
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Nifty for Friday (17/10/14)
Supports are at about 7726, 7699, 7655, 7626 and 7590 while resistances are at about 7760, 7784, 7811, 7852 and 7884. Unfilled gaps on lower side are at about 7625/7568. Four +WWs can give about 7843 (once above 7808), 7978 (once above 7823), 8012 (once above 7766) and 8071 (once above 7788) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7700 (-WWs with much lower targets are not mentioned as of now).
Nifty fell sharply even after a gap down open and closed below 7750 and looks headed further South. However, though it breached 100 dma, placed at about 7736, it closed above it. 20 wma is at about 7773 and Friday's close needs to be above it. There is also a mild bullish div and we may see a reversal soon. But only a close above 7966 may take it up further. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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