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Nifty View - October Series |
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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Post: #196  Posted: Thu Oct 30, 2014 3:22 pm Post subject: |
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yes yes... long in PE from 26... expecting handsome returns... 
| vinay28 wrote: | | ritesh, nifty went up by 20 from 12.30 high and 7900pe went up 4. I feel 8200NS/8240NF may be max. I am long in 7900pe |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #197 Posted: Thu Oct 30, 2014 3:27 pm Post subject: |
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| European markets tank. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #198 Posted: Thu Oct 30, 2014 3:39 pm Post subject: |
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| Comparison of charts of Nov NF Vs. 7900PE, showing likely short covering/accumulation. Notice PE going up from low around 12.35 even though NF was flat or a bit higher after that and then sharper rise from 2.45 as compared to fall in NF. Look at the volume in last 5 min. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #199 Posted: Thu Oct 30, 2014 5:07 pm Post subject: |
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| amitagg wrote: | | vinay28 wrote: | | I am now convinced that bearish div is going to remain unless NS goes to 8160 but rsi doesn't go to 62.69. If rsi crosses that then NS must go to 8181. Otherwise fall seems certain. |
Thank you for coming back to bearish prognosis after ur further analysis. FII s being added in nos won't change the same I guess. |
Where is rsi now..... Unfortunately not on system for last few days |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #200 Posted: Thu Oct 30, 2014 5:12 pm Post subject: |
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| amitagg wrote: | | harsh_85 wrote: | Vinayji,
If nifty spot is able to cross 8000 then what could be the tgts? and also if nifty by any chance is able to cross above its all time highs then how much more can it go? sorry for naive question...actually i have sold 8300 ce of december and am buying nifty futures in order to hedge that position. bought one part already above 7850 and now am planning to buy above 7970-8000 ad mentioned by u...thanks |
Selling calls ....wow... I also intend to sell 7500 dec call not 8300.......just waiting a pivot break below 7840 or if is rises above 8030-8050.....8180-8300 may may be touched..... But don't think time left except for a vertical rise( slow rises to above 8200 ruled out for me)...... As usual ( market makers are smArt (er) enough and would not allow retail like me to profit big time on shorts.......) |
As written on 21 St. When cmp was below 8000... Preferred buying puts as did today expected volatility rise and favouring over futures....... Also the up I've came in gaps as expected....... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #201 Posted: Thu Oct 30, 2014 5:22 pm Post subject: |
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| Rising wedge has already exceeded 70% of length. BD below 8120. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #202 Posted: Thu Oct 30, 2014 7:37 pm Post subject: |
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Nifty for Friday (31/10/14)
Supports are at about 8141, 8109, 8092, 8076, 8048, 8034 and 7994 while resistances are at about 8206, 8242 and 8333. Unfilled gap on lower side is at about 8027. Two +WW can give about 8231 and 8257 (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8129, 8090 (once below 8126), 8041 (if below 8099), 7990 (once below 8114) and 7971 (once below 8076) (-WWs with much lower targets are not mentioned as of now). A rising wedge can give at least about 7900 in case of a BD below 8120.
Nifty rose sharply to make an all time high and also close at an all time high and is clearly bullish. Daily candle is a Marubuzo while monthly candle will be bullish engulfing. The bearish div posted earlier has vanished but now a -ve div has appeared and will not go unless rsi crosses 75.08. A close below 8027 can also cause further slide. Global and local eco-political events can have a bearing on how nifty moves in short term. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #203 Posted: Fri Oct 31, 2014 9:33 am Post subject: |
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| Today may be day for mid caps. |
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kishjk7551
White Belt
Joined: 26 Jan 2008
Posts: 293
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| Post: #204 Posted: Fri Oct 31, 2014 9:40 am Post subject: |
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| vinay28 wrote: | | Today may be day for mid caps. |
Please start November series thread.
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #205 Posted: Fri Oct 31, 2014 9:41 am Post subject: |
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Reiterating my previous post from August series relating to monthly closes:
| apka wrote: | I checked how when the trend of nifty sees a stop or reversal on monthly candlesticks over the past few years. It seems the closing the 1st time under the upper band shows a stop in the momentum.
Since march 2014, the monthly closings have above outside the upper bollinger band. This month's value is showing as 7785, but I think on friday it maybe near 7850. Unless we close under monthly upper band, trend is still intact. |
As per yesterday's close the monthly upper band value is near 8290... let's see where it closes today. |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #206 Posted: Fri Oct 31, 2014 9:51 am Post subject: |
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| apka wrote: |
As per yesterday's close the monthly upper band value is near 8290... let's see where it closes today. |
In the contest I posted 8250, as closing levels for the day
And it is already 8264
Wow!!!!!!!!! |
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