iCharts Discussions

[pkholla]

Vinay: Sheer waste of time. No volumes, movement, interest. Trading for the sake of tradition, religion, habit? Why not convert it into a "regular" 3 hour session where intra day punters, at least, may generate some interest? Prakash Holla

[vinay28]

[vinay28]

sold my 8000ce and bought 7800pe for Nov.

[pkholla]

[vinay28]

Nifty for Monday (27/10/14)

Supports are at about 8004, 7994/88/74, 7955, 7907, 7897 and 7808 while resistances are at about 8019/28, 8042, 8123 and 8150. Unfilled gaps on lower side are at about 7995/7927. Three +WWs can give about 8129 (if above 7826), 8175 (if above 7764) and 8195 (if above 7724) (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 7979 (once below 8003), 7856 (once below 7955), 7851 (once below 7939) and 7819 (once below 7923) (-WWs with much lower targets are not mentioned as of now).

Nifty closed mildly -ve after a gap up open but above 8000 and continues to look bullish. Daily candle is once again like a spinning top cum evening doji star. A gap down open followed by breach of 8008 can cause an abandoned baby top. Nifty must sustain above 8032 for further rise. However, the bearish div posted earlier will not vanish unless (a) NS goes to 8160 but rsi doesn't cross 62.69 or (b) if rsi crosses 62.69 then NS must cross 8181 i.e. an all time new high. Otherwise fall seems certain. Breach below 8008/7974 are warnings but a close below 7960 can cause further fall. Global and local eco-political events can have a bearing on how nifty moves in short term.

[vinay28]

Nifty for Tuesday (28/10/14)

Supports are at about 7963, 7926, 7901 and 7869 while resistances are at about 8014, 8043, 8079, 8093 and 8143. Unfilled gap on lower side is at about 7927. Three +WWs can give about 8034 (if above 7994), 8139 (if above 7824) and 8199 (if above 7753) (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 7965 (once below 8000), 7956 (once below 8017), 7848 (once below 7965), 7818 (once below 8051) and 7800 (once below 7929) (-WWs with much lower targets are not mentioned as of now).

Nifty reacted sharply after a big up open and closed below 8000. Nifty must close above 8044 for further rise. The bearish div posted earlier will not vanish unless (a) NS goes to 8160 but rsi doesn't cross 62.69 or (b) if rsi crosses 62.69 then NS must cross 8181 i.e. an all time new high. Otherwise further fall seems certain. A close below 7960 can also cause further slide. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry week, expect intraday volatility.

[vinay28]

bearish harami?

[apka]

[vinay28]

[vinay28]

Nifty for Wednesday (29/10/14)

Supports are at about 8020, 8002, 7994, 7977, 7966, 7955 and 7901 while resistances are at about 8046, 8063 and 8150. Unfilled gap on lower side is at about 7927. One +WW can give about 8062 (if above 8001) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7941 (once below 8018), 7841 (once below 7973) and 7788 (once below 7933) (-WWs with much lower targets are not mentioned as of now).

Nifty rose after a gap up open and closed above 8000. Nifty must close above 8044 for further rise. Daily candle is like a low-price bearish Harami and we may see some consolidation/reaction. The bearish div posted earlier will not vanish unless (a) NS goes to 8160 but rsi doesn't cross 62.69 or (b) if rsi crosses 62.69 then NS must cross 8181 i.e. an all time new high. Otherwise further fall seems certain. A close below 7960 can also cause further slide. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry week, expect intraday volatility.

[vinay28]

bought Nov 7900pe

[apka]

[vinay28]

[NU2013]

[vinay28]

Nifty for Thursday (30/10/14)

Supports are at about 8076, 8062, 8034, 7994 and 7966 while resistances are at about 8109, 8126, 8143 and 8150. Unfilled gaps on lower side are at about 8027/7927. Three +WW can give about 8155, 8224 and 8239 (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8046 (once below 8090), 8038/7995 (if below 8100), 8021 (once below 8051) and 7975 (once below 8074) (-WWs with much lower targets are not mentioned as of now).

Nifty rose in spite of big a gap up open and closed just below 8100 and is bullish. However, daily candle is like a hanging man and evening star and we may see some reaction. The bearish div posted earlier will not vanish unless (a) NS goes to 8160 but rsi doesn't cross 62.69 or (b) if rsi crosses 62.69 then NS must cross 8181 i.e. an all time new high. Otherwise further fall seems certain. A close below 7960 can also cause further slide. Global and local eco-political events can have a bearing on how nifty moves in short term. Being an expiry day, expect intraday volatility and trade carefully.