iCharts Discussions

[vinay28]

Very intriguing candle formations in NS and BNS today.

1. There is a fresh hidden bearish div in last two candles in both indices, which gets killed if 8969 and 20576 is touched. I will confirm again after checking Jcharts (EOD) later.

2. Evening star seems to have been confirmed in BNS but by a hanging man.

3. Bullish piercing candle in NS.

Tmrw may be crucial for very short term trend.

[vinay28]

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

Nifty for Friday (09/09/16) and beyond

Supports are at about 8940/05, 8895/69/54 and 8820 while resistances are at about 8972/81, 9003 and 9018. Unfilled gap on lower side is at about 8809. (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8896 (if below 8970) and 8854 (if below 8942) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down, made a lower low but rose to close +ve above 8900, second highest close after 3/3/15. Daily candle is bullish piercing with good +ve volume. But there is hidden bearish div between last two candles, which gets killed at/above 8969. Also, hidden bearish div on all TFs continues to haunt and gets killed only at 9120, is likely. Hence, any further rise may be limited unless persistent liquidity inflow takes it to at least 9120. Nifty must close above 8969 to begin with while a close below 8896 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Monday (12/09/16) and beyond

Supports are at about 8855/34/18, 8798 and 8770 while resistances are at about 8895, 8928/51/79 and 9019. Unfilled gap on lower side is at about 8809. A +WW can give about 8918 (if above 8857) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8771 (if below 8855) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down and kept falling before closing strongly -ve well below 8900. Daily candle is big, bearish Maribuzo but volume is not strong -ve. Also, though weekly candle is a Gravestone doji, which can imply reversal, there is strong +ve volume. So, a major further fall is not expected. The hidden bearish div being posted for some days and which gets killed first at/above 8969 and then at/above 9120 can give a major fall only in case of a persistent liquidity outflow. Nifty must close above 8953 to begin with while a close below 8774 can cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Wednesday (14/09/16) and beyond

Supports are at about 8705, 8697/85/70/34/21, 8584/66 and 8502 while resistances are at about 8724/46/77/95, 8824 and 8866. Unfilled gaps on higher/lower side are at about 8867/8607 resp. Two +WWs can give about 8757 (if above 8699) and 8929 (if above 8791) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8267 (if below 8665) (-WWs with lower targets are not mentioned as of now).

Nifty opened down with a massive gap, fell further but couldn't recover much and closed above 8700. Daily candle is a doji and a likely morning star, to be confirmed by a green candle on Wednesday, preferably with a gap up open. However, the volume is strong -ve and further fall is likely. But, there is a strong support zone, not far below and we may see a bottom soon unless there is a persistent liquidity outflow. Nifty must close above 8787 to begin with while close below 8711/8673/8666/8572 can be increasingly painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[spatechnicals]

donaldbradley.wordpress.com
a nice blog on commodities and stock market analysis
good thing in this blog is advanced time analysis based on Gann techniques

[vinay28]

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

Nifty for Thursday (15/09/16) and beyond

Supports are at about 8715/03, 8694/72/65/26, 8594 and 8573 while resistances are at about 8743/51/65/77, 8806/24 and 8898. Unfilled gaps on higher/lower side are at about 8867/8607 resp. Two +WWs can give about 8759 (if above 8697) and 8934 (if above 8769) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8267 (if below 8665) (-WWs with lower targets are not mentioned as of now).

Nifty opened down, made a lower low but rose to close +ve above 8700. Daily candle is a doji with strong +ve volume so higher level is possible. However, the long term bearish div may not given a bottom yet. But, there is a strong support zone, not far below and we may see a bottom soon unless there is a persistent and large liquidity outflow. Nifty must close above 8787 to begin with while close below 8711/8673/8666/8572 can be increasingly painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Friday (16/09/16) and beyond

Supports are at about 8730/24/11/03, 8682/37/22 and 8594 while resistances are at about 8758/65/77/84, 8802/24 and 8901. Unfilled gaps on higher/lower side are at about 8867/8607 resp. Two +WWs can give about 8761 (if above 8695) and 8942 (if above 8767) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8658 (if below 8752) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up, fell but rose to close flattish above 8700. Daily candle is a hammer/hanging man with moderate +ve volume so higher level is possible. However, the long term bearish div may not have given a bottom yet. But, there is a strong support zone, not far below and we may see a bottom soon unless there is a persistent and large liquidity outflow. Nifty must close above 8787 to begin with but on a weekly basis min close reqd is above 8747 and preferably above 8810. A close below 8711/8683/8673/8666 can be increasingly painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Monday (19/09/16) and beyond

Supports are at about 8764/50/33/23/05, 8693/83/40 and 8594 while resistances are at about 8796, 8803/38/83/93, 8901 and 8936. Unfilled gaps on higher/lower side are at about 8867/8742 resp. Two +WWs can give about 8763 (if above 8697) and 8949 (if above 8743) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8697/35 (if below 8755) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up, made a higher high and then fell to close flat above 8750. Daily candle is a doji and like an inverted hammer with strong +ve volume while weekly candle is like a doji with strong -ve volume. Hence, though higher level is possible, it may last. Also, the long term bearish div may not have given a bottom yet. But, there is a strong support zone, not far below and we may see a bottom soon unless there is a persistent and large liquidity outflow. Nifty must close above 8787 to begin with while a close below 8711/8683/8673/8666 can be increasingly painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vinay28]

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

Nifty for Tuesday (20/09/16) and beyond

Supports are at about 8793/77/69/48/05 and 8694 while resistances are at about 8833/58/75/89, 8901 and 8934. Unfilled gaps on higher/lower side are at about 8867/8742 resp. Two +WWs can give about 8865 (if above 8794) and 8939 (if above 8803) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8786 (if below 8838) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up, remained in a narrow range and closed +ve above 8800. Daily volume is good +ve. Hence, further rise is possible but there is also a mild hidden bearish div in last two candles and gets nullified only at 8848. There is a strong support zone, not far below and we may see a bottom soon unless there is a persistent and large liquidity outflow. Nifty must close above 8953 while a close below 8715 can cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[vtnarendra]

is icharts not up and running? i don't see any posts

[apka]

[vtnarendra]

the last post was at 8.22pm on 19th, and hence the post. my post was up and my question answered. thanks

[pkholla]

Narendra bhai: 2 things
a) Even if NSE is on holiday then also IC forum is active and you can post in IC forum, for example on Sunday
b) There are contact nos and ALSO support@icharts.in to whom you can send an email for help from admin.Icharts
Thank you in advance for not posting your similar queries again in future here in VINAY 28's Nifty Future thread!
Prakash Holla

[vinay28]

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

Nifty for Wednesday (21/09/16) and beyond

Supports are at about 8748/24/05, 8694/78/69/39 and 8610 while resistances are at about 8789, 8811/44/58/95, 8901/24 and 8934. Unfilled gaps on higher/lower side are at about 8867/8742 resp. Three +WWs can give about 8798/8815 (if above 8761) and 8944 (if above 8791) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8571 (if below 8761) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell to close -ve well below 8800. Daily volume is good -ve and we may see more fall. There is a strong support zone, not far below and we may see a bottom soon unless there is a persistent and large liquidity outflow. Nifty must close above 8808 to begin with while a close below 8715 can cause more fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[doctorshah]

Vinay, Was today NR day?