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Nifty View - October Series
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Author Nifty View - October Series
manojkr78
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Joined: 07 Mar 2011
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Post: #76   PostPosted: Tue Oct 07, 2014 9:14 pm    Post subject: Reply with quote

Vinay,

RSI is below 44 for first time since 18Feb.......anything to add to it.....
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #77   PostPosted: Tue Oct 07, 2014 9:27 pm    Post subject: Reply with quote

manojkr78 wrote:
Vinay,

RSI is below 44 for first time since 18Feb.......anything to add to it.....


that's why posted about bullish div.
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vinay28
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Post: #78   PostPosted: Wed Oct 08, 2014 11:20 am    Post subject: Reply with quote

Namo has called an urgent meeting of three services chiefs. One needs to be alert.
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pkholla
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Joined: 04 Nov 2010
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Post: #79   PostPosted: Wed Oct 08, 2014 11:30 am    Post subject: Reply with quote

vinay28 wrote:
Namo has called an urgent meeting of three services chiefs. One needs to be alert.

I dont understand why India does NOT fly drones, on the border, like US/ Israel, pinpointing source of firing OR infiltration of Paki army/ militants and target bomb the entire lot to go meet their quota of 72 v^&*^%s!
Prakash Holla
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vinay28
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Post: #80   PostPosted: Wed Oct 08, 2014 11:37 am    Post subject: Reply with quote

pkholla wrote:
vinay28 wrote:
Namo has called an urgent meeting of three services chiefs. One needs to be alert.

I dont understand why India does NOT fly drones, on the border, like US/ Israel, pinpointing source of firing OR infiltration of Paki army/ militants and target bomb the entire lot to go meet their quota of 72 v^&*^%s!
Prakash Holla


Namo's meeting with BO was for that only. Smile
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apka
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Joined: 13 Dec 2011
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Post: #81   PostPosted: Wed Oct 08, 2014 12:37 pm    Post subject: Reply with quote

because we are fattus and rather let the problem die down than work on resolving it ourselves.
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apka
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Post: #82   PostPosted: Wed Oct 08, 2014 12:38 pm    Post subject: Reply with quote

what's up with INFY?
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vinay28
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Post: #83   PostPosted: Wed Oct 08, 2014 12:44 pm    Post subject: Reply with quote

apka wrote:
what's up with INFY?


cnxIT and infy are nervous ahead of results.
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turtlecsi
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Joined: 28 Jan 2010
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Post: #84   PostPosted: Wed Oct 08, 2014 12:50 pm    Post subject: Reply with quote

vinay28 wrote:
Namo has called an urgent meeting of three services chiefs. One needs to be alert.


Seems like Pak is looking for an external enemy to deviate the attention of its people from internal crisis. Its a typical strategy...

Turtle
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vinay28
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Post: #85   PostPosted: Wed Oct 08, 2014 12:52 pm    Post subject: Reply with quote

turtlecsi wrote:
vinay28 wrote:
Namo has called an urgent meeting of three services chiefs. One needs to be alert.


Seems like Pak is looking for an external enemy to deviate the attention of its people from internal crisis. Its a typical strategy...

Turtle


there are two reasons. one is Nawaz sharif's total lack control on military and second, elections in J&K
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vinay28
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Post: #86   PostPosted: Wed Oct 08, 2014 8:30 pm    Post subject: Reply with quote

LEADER POST for Thursday (09/10/14)

Supports are at about 7833, 7808, 7788 and 7768 while resistances are at about 7860, 7870, 7903, 7933, 7950, 7967, 7980, 7996 and 8010. Six +WWs can give about 7877 (if above 7823), 7891 (once above 7845), 7916 (once above 7869), 7966 (if above 7800), 8042 (once above 7896) and 8066 (if above 7835) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7732 (-WWs with much lower targets are not mentioned as of now). A HnS can give about 7660 if nifty remains below 7835.

Nifty recovered after a gap down open but still closed below 7850. It remains a "sell on rise" situation unless nifty closes above 7955. Daily candle is like a morning star and there is a +ve div on lower tf and we may see a reversal, however mild. A close below 7840 may end the bull rally for a few months. However, rsi is showing signs of bullish divergence and we may also see a sharp reversal soon. Global and local eco and political events can have a bearing on how nifty moves in short term.
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manojkr78
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Post: #87   PostPosted: Wed Oct 08, 2014 8:55 pm    Post subject: Reply with quote

Vinay,

Yesterday you mentioned close below 7800 will end bull market temporarily, today's post it is given 7840, have the numbers changed......
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vinay28
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Post: #88   PostPosted: Wed Oct 08, 2014 9:14 pm    Post subject: Reply with quote

manojkr78 wrote:
Vinay,

Yesterday you mentioned close below 7800 will end bull market temporarily, today's post it is given 7840, have the numbers changed......


no, I will be really worried if it closes below 7840 as it is now at make or break stage but 7800 is worse. Fortunately, there are many supports below that e.g. 7750. But we should always look at least 2 closes.
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vinay28
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Post: #89   PostPosted: Thu Oct 09, 2014 10:01 am    Post subject: Reply with quote

updated NF levels for today.
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riteshucha
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Joined: 19 May 2012
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Post: #90   PostPosted: Thu Oct 09, 2014 11:10 am    Post subject: Reply with quote

IB on 1 HR TF.. be careful.. low being 7961.60 high 7976...
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