iCharts Discussions

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

can anybody see a strong +ve div on 15 TF for NF...?? or is it just me...

riteshucha · Green Belt Joined: 19 May 2012 Posts: 1292

8107 to 8150...

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Wednesday (14/10/15) and beyond

Supports are at about 8121, 8094, 8059, 8049, 8025 and 8007 while resistances are at about 8145, 8161, 8181, 8205 and 8283. 50/100 dma are at about 8086/8214. Unfilled gaps on higher/lower side are at about 8300/7950 resp. Three +WWs can give about 8156 (if above 8107), 8172 (if above 8117) and 8187 (if above 8132) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7992/76 (if below 8214) (-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 7980 if nifty sustains below 8220. A broadening wedge can give about 8030 upon BD below 8120.

Nifty fell after a gap down open but recovered to close mildly +ve but below 8150 and also below previous close. The daily candle is hammer cum doji showing uncertainty. Nifty bounced off 50 dma but the strong -ve volume suggests lower levels. Tuesday was a NR4 day and we may see a big move on Wednesday. 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 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

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

Supports are at about 8085, 8069, 8049, 8027, 8018, 8003, 7984 and 7952 while resistances are at about 8118, 8136, 8147, 8160 and 8283. 50/100 dma are at about 8077/8210. Unfilled gaps on higher/lower side are at about 8300/7950 resp. Two +WWs can give about 8167 (if above 8073) and 8189 (if above 8100) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7961/42 (-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 7980 if nifty continues to fall. A broadening wedge can give about 8030 upon BD below 8120. A HnS can give 8000 if nifty sustains below 8085.

Nifty remained in a narrow range after a gap down open and closed mildly +ve above 8100 and also below previous close. The daily candle is an inverted hammer cum inside bar and the strong -ve volume suggests more pain. Wednesday was a NR45 day and we may see a huge moves in next 1-2 days. Only a close above 8300 will see further rise while a close below 8001 can mean major 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 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated NF levels for 15/10.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Friday (16/10/15) and beyond

Supports are at about 8164, 8153, 8139, 8103, 8095 and 8045 while resistances are at about 8207, 8230, 8249, 8283, 8306 and 8333. 50/100 dma are at about 8070/8209. Unfilled gaps on higher/lower side are at about 8300/7950 resp. A +WW can give about 8214 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8086 (if below 8275, which is yet to be reached), 8007 and 7902 (if below 8224) (-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 7980 if nifty remains below 8220. A HnS can give 8000 if nifty sustains below 8085.

Nifty rose after a gap up open and closed well above 8150. The strong +ve volume suggests higher levels. However, the bearish div is getting stronger and we may see a sharp fall soon. Bulls will want a close above 8190 and preferably above 8193 while bears will want a close below 8107. 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.

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

Vinay,

still holding 8200put??

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

manojkr78 · Green Belt Joined: 07 Mar 2011 Posts: 1014

Thanks, do you expect 250-300 points down move from here before reaching 8315.....

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

ank_s · White Belt Joined: 26 Mar 2014 Posts: 8

Hi Vinay,

Are u still carrying 8200PE?

Rgds..

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

Updated levels of NF as of 16/10.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Monday (19/10/15) and beyond

Supports are at about 8208, 8181, 8169, 8153, 8132, 8109, 8083 and 8049 while resistances are at about 8277, 8314, 8330, 8372 and 8405. 50/100/200 dma are at about 8065/8207/8380 resp. Unfilled gaps on higher/lower side are at about 8300/8107 resp. A +WW can give about 8310 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8141 (if below 8215), 8126 (if below 8200), 8086 (if below 8278, which is yet to be reached), and 7890 (if below 8252) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8305 if nifty sustains above 8015. A rising wedge and a broadening, ascending wedge can give about 7930 if nifty remains below 8200.

Nifty reacted after a gap up open but reversed sharply to close well above 8200 and also above 100 dma after 19/08 and higher levels seem imminent. However, weekly candle is a hanging man and the bearish div is getting stronger on daily, weekly and monthly. Hence we may see a sharp fall soon. Bulls will want a close above 8300 for further rally while bears will want a close below 8107. 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. Trade carefully as next week is truncated.

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

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

Nifty for Tuesday (20/10/15) and beyond

Supports are at about 8263, 8245, 8219, 8205, 8188, 8153 and 8133 while resistances are at about 8297, 8313, 8333, 8352 and 8366. 100/200 dma are at about 8207/8380 resp. Unfilled gaps on higher/lower side are at about 8300/8238 resp. A +WW can give about 8345 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8118 (if below 8208), 8084 (if below 8280, which is yet to be reached) and 7890 (if below 8255) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8305 if nifty sustains above 8015. A rising wedge and a broadening, ascending wedge can give about 7930 if nifty remains below 8220.

Nifty rose after a gap up open to close well above 8250 and higher levels seem imminent. However, daily candle is like a hanging man and also like an evening star, which will only be confirmed by a Red candle on Tuesday, preferably after a gap down open. The bearish div is getting stronger on daily, weekly and monthly. Hence we may see a sharp fall soon. Monday was a NR48 day and we may see big moves soon. Bulls will want a close above 8300 to begin with while bears will want a close below 8189. 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. Trade carefully as next week is truncated.