iCharts Discussions

[AjitS]

[vinay28]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (08/10/15) and beyond

Supports are at about 8163/53, 8141, 8107, 8073, 8059, 8040 and 8023 while resistances are at about 8204, 8225, 8247 and 8327. 50/100 dma are at about 8105/8223. Unfilled gaps on higher/lower side are at about 8300/7950 resp. Two +WWs can give about 8222 and 8329 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8143/8096 (if below 8191) and 8106/8079 (if below 8210) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8315 if nifty sustains above 8025. A rising wedge can give about 7930 upon BD below 8170.

Nifty rose to close +ve above 8150 again and continues to look bullish. There is a -ve div in lower TF. Also, the bearish div sustains and we may see some reaction soon. Nifty needs to close above 8226 for further upmove while a close below 8119 may cause more fall. Wednesday was a NR40 day and we may see huge moves in coming days. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (09/10/15) and beyond

Supports are at about 8105, 8084, 8074, 8050, 8036 and 8020 while resistances are at about 8147, 8159, 8185, 8208, 8229, 8238 and 8253. 50/100 dma are at about 8100/8221. Unfilled gaps on higher/lower side are at about 8300/7950 resp. Three +WWs can give about 8176/95 (if above 8115) and 8251 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8082, 8060 and 7970 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8315 if nifty sustains above 8025. A rising wedge can give about 7930 if nifty sustains below 8170.

Nifty reacted finally as posted yesterday and closed below 8150. The daily candle is bearish engulfing with -ve div. That coupled with bearish div should give more fall. Nifty needs to close above 8182 to begin with in order to maintain +ve tempo. A close below 8096 may mean more fall. Wednesday's NR40 day is yet to give big move. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings.

[vinay28]

bought 8200pe

[chandrujimrc]

Dear Vinay,

Nifty upto what lvl you are expecting in the down side?

[vinay28]

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (12/10/15) and beyond

Supports are at about 8150, 8139, 8110, 8092, 8074, 8041 and 8014 while resistances are at about 8204, 8240, 8260, 8283, 8366 and 8385. 50/100 dma are at about 8096/8220. Unfilled gaps on higher/lower side are at about 8300/7950 resp. A +WW can give about 8254 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8057/28 (if below 8201) and 7965 (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8315 if nifty sustains above 8025. A rising wedge can give about 7960 if nifty sustains below 8200.

Nifty fell sharply after a gap up open but recovered smartly to close slightly +ve and well above 8150. The daily candle is a doji implying uncertainty and -ve div continues. However, weekly candle is good with strong volume. But nifty reversed after crossing above 100 dma and 50 wma. The bearish div also persists. Hence, we may see some reaction early next week. Now only a close above 8300 will see further rise. A close below 8096 may mean more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings.

[vinay28]

High/Low of some indices and scrips in today's mock trading.

NS - 9034.70-8193.30
NF - 8600-7890 - VOLUME >1.30 CR.
BN - 19362-17131.75
AXIS BANK - 539.45-442.35 - VOLUME >78 LACS
INFY - 1342.50-1051 - VOLUME >32.60 LACS
RIL - 976-800 - VOLUME >5.52 CR.

[manojkr78]

vinay,

any sl for 8200 put???

[vinay28]

[manojkr78]

ok

[vinay28]

Updated NF levels as of 12/10.

[vinay28]

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (13/10/15) and beyond

Supports are at about 8111, 8097, 8049 and 8014 while resistances are at about 8159, 8175, 8219, 8250, 8276/83 and 8291. 50/100 dma are at about 8092/8216. Unfilled gaps on higher/lower side are at about 8300/7950 resp. Three +WWs can give about 8174 and 8221/54 (if above 8165) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8095/27/10 (if below 8205) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8305 if nifty sustains above 8015. A rising wedge can give about 7960 if nifty sustains below 8200.

Nifty fell after a gap up open to close below 8150. The -ve aspect was that it once again crossed above 100 dma but failed. The daily candle is bearish engulfing and nifty may fall more. However, last week's candle was good and hence the fall may not be huge. Now only a close above 8300 will see further rise while a close below 8119 may mean further fall. Global and local eco-political events can have a bearing on how nifty moves in short term. As bulls and bears fight for a foot hold, we can see wild swings.

[vinay28]

Updated NF/8200pe levels as of 13/10.