iCharts Discussions

[vinay28]

[vinay28]

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

Nifty for Thursday (22/09/16) and beyond

Supports are at about 8765/42/15/05, 8694/76 and 8594 while resistances are at about 8790, 8809/29/60, 8903 and 8925. Unfilled gaps on higher/lower side are at about 8867/8742 resp. Two +WWs can give about 8809 (if above 8757) and 8960 (if above 8791) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8549 (if below 8759) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell to close -ve well below 8800. Daily candle is an outside doji bar with good +ve volume. So it's bullish above 8827 and bearish below 8757. 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.

[vinay28]

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

Nifty for Friday (23/09/16) and beyond

Supports are at about 8852/31/21, 8787/80/69 and 8705 while resistances are at about 8906/18/34/65/82 and 9012. Unfilled gaps on higher/lower side are at about 8953/8777 resp. A +WW can give about 8954 (if above 8768) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8834 (if below 8903) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a huge gap, rose a bit before falling again. it then recovered later to close mildly -ve but well above 8850. Daily candle is a spinning top/doji and a likely evening star, to be confirmed by a red candle, preferably after a gap down open. But volume is strong +ve and we may see further rise. On a daily basis, nifty must close above 8953 while on a weekly basis, it must close above 8938. A close below 8866/08 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term.

[riteshucha]

vinay, need a clarification.

last 3 weekly candles on bank nifty (including this week's), are these spinning tops????

[vinay28]

[vinay28]

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

Nifty for Monday (26/09/16) and beyond

Supports are at about 8816/02, 8788/78/69/05 and 8694 while resistances are at about 8849/58/71/88, 8901/18/34 and 9012. Unfilled gaps on higher/lower side are at about 8953/8777 resp. A +WW can give about 8956 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell to close -ve and well below 8850. Daily volume is strong -ve and we may see lower levels but weekly volume is strong +ve and fall, if any, may be limited. Nifty must close above 8868 to begin with while a close below 8808 can start a fall. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

[pkholla]

One of the Vinay Axioms we hear from time to time is that:
Reliance Inds is the last to rally and signals the end of the broad NF rally
IF above applies to current market phase, then this may be the end of the bullish phase of NF going on? We should be careful NOT to go long in NF OR major NF stocks?????
Your thoughts? Cheers, Prakash Holla

[vinay28]

[vinay28]

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

Nifty for Tuesday (27/09/16) and beyond

Supports are at about 8712, 8686/72/52/21/15 and 8592 while resistances are at about 8752/64/86/97, 8814/25/47 and 8862. 50 dsma/dema are at about 8690/8648. Unfilled gaps on higher/lower side are at about 8832/8607 resp. (+WWs with higher targets are not mentioned as of now). A -WW can give about 8275 (if below 8713) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down and fell close strongly -ve and well below 8750. Daily candle is big, bearish marubuzo but volume is not commensurate and further fall, if any, may be limited. Nifty must close above 8809 to begin with while a close below 8715/8711/8673 can be increasingly painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

[vinay28]

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

Nifty for Wednesday (28/09/16) and beyond

Supports are at about 8688/70/41/26/16/04 and 8588 while resistances are at about 8725/56/75/91, 8803/27/53 and 8883. 50 dsma/dema are at about 8683/8649. Unfilled gaps on higher/lower side are at about 8832/8607 resp. A +WW can give about 8775 (if above 8702) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8270 (if below 8717) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but couldn't sustain and fell again but managed to close above 8700. Daily volume is good -ve hinting at further fall. Nifty must close above 8809 to begin with while a close below 8673 can be painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.

[vinay28]

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

Nifty for Thursday (29/09/16) and beyond

Supports are at about 8735/24/07, 8688/68 and 8588 while resistances are at about 8764/77/93, 8805/47/56/96, 8901 and 8916. 50 dsma/dema are at about 8687/8654. Unfilled gaps on higher/lower side are at about 8832/8607 resp. A +WW can give about 8778 (if above 8702) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8724/15 (if below 8750) and 8265 (if below 8724) (-WWs with lower targets are not mentioned as of now).

Nifty opened flattish and rose to close +ve and below 8750. Daily candle is bullish Harami with strong +ve volume and we may see further rise. Nifty must close above 8809 to begin with while a close below 8706 can be painful. Global and local eco-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully being an expiry day.

[dvkulkarni]

[apka]

What a makhan fall.. After long time.. From 8800 to 8575 intraday spot