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Nifty View - September Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #121  Posted: Mon Sep 08, 2014 3:45 pm Post subject: |
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| Rising wedges. for tmrw, 8192/8229 are crucial. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #122 Posted: Mon Sep 08, 2014 4:02 pm Post subject: |
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| vinay28 wrote: | Nifty for Monday (08/09/14)
..................Five +WWs can give about 8108/8147/ 8153/8172 (once above 8035) and 8210 (+WWs with higher targets are not mentioned as of now). ..................A bullish flag can give higher level unless killed below 7995. An IHnS can give about 8170-8275 in case nifty sustains above about 7910...................... |
targets of first four +WWs and bullish flag and first target of IHnS were met today. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #123 Posted: Mon Sep 08, 2014 6:30 pm Post subject: |
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| riteshucha wrote: | | shorts safe till 8175 is not taken out... |
Just noticed this post and so mentioning since u base ur trades on JT levels also... And per those markets we're buy above 8140-8150 itself today.......
Also 8170 is monthly and weekly pivot but as JT would have said it is profit booking area because markets only in " buy MODE" as per his levels or even otherwise . So no shorts |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #124 Posted: Mon Sep 08, 2014 6:33 pm Post subject: |
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| a1b1trader wrote: | | vinay28 wrote: | | will we see a NR4/7 evening star today? |
No way
Market is going to blast anytime |
A1 b1
A more extrapolated or elucid explanation of your view on markets and why would be more helpful. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #125 Posted: Mon Sep 08, 2014 8:00 pm Post subject: |
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Nifty for Tuesday (09/09/14)
Supports are at about 8155, 8126, 8101, 8068 and 7999 while resistances are at about 8192, 8229 and 8250. Two unfilled gaps on lower side are at about 8086 and 8027. A +WW can give about 8240 (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8071 (once below 8125), 8049 (once below 8163), 7924 and 7912 (once below 8112) (-WWs with much lower targets are not mentioned as of now). An IHnS can give about 8275 if nifty continues to go up. BD of two rising wedges below 8126 can give much lower levels.
Nifty rose sharply to make an all time high close above 8150 and seems destined to go much higher. However, daily candle is like an evening star and the -ve div on daily and weekly over longer period still persists. Also, rsi seems to refuse to cross 80 and a reaction seems likely any day. If nifty closes below 8049, it may cause further fall. However, liquidity continues to be strong and one needs to be careful in trading. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #126 Posted: Tue Sep 09, 2014 6:47 am Post subject: nifty |
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nifty taking out all lvls slowly and steadily
from 7541 low 7892 was 360 degree completed
from 7892 -8251 is 360 degree
7892/7921/7936/7981/8011/8026/8071/8111/8161 and 8161 being the 270 degree also taken out and closed above the lvl than next lvls are 8206/8251 ( if any reversal )
from 5933 lows
next lvls to be watched out are 8194/8239/8285
nifty next resistance lvls are 8194/8206/8239/8251/8285 |
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pkholla
Black Belt
Joined: 04 Nov 2010
Posts: 2890
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| Post: #127 Posted: Tue Sep 09, 2014 9:43 am Post subject: NF levels |
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Vinay and DM: We are at the mercy of FIIs who have unlimited liquidity. why stop at 8200? 8300? NF can reach for Vinay's IC post score of 9690!
Anyone else reminded of snake charmer - pungi- snake?
In addition there is NaMo's "N-iagra-M" effect.
However, whenever the inevitable reaction takes place, where will NF go?
Cheers, Prakash Holla |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #128 Posted: Tue Sep 09, 2014 9:47 am Post subject: |
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| yes, Prakash, we can't fight FIIs' liquidity but lately, FIIs are selling index fut and buying defensives in cash and debt and hence a reaction is called for IMHO. |
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dynamite_munda11
Yellow Belt
Joined: 14 Nov 2010
Posts: 681
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| Post: #129 Posted: Tue Sep 09, 2014 9:55 am Post subject: |
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| vinay28 wrote: | | yes, Prakash, we can't fight FIIs' liquidity but lately, FIIs are selling index fut and buying defensives in cash and debt and hence a reaction is called for IMHO. |
still FII holding good numbers of index future long |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #130 Posted: Tue Sep 09, 2014 10:30 am Post subject: |
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30 min candle low which took out pivot - 8167.80 is 8163.20 so far ...
one can go short below todays low or preferably below 8155.50...
but then again, today NF open high is same, risky for longs anyways till high is taken out... |
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riteshucha
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Joined: 19 May 2012
Posts: 1292
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| Post: #131 Posted: Tue Sep 09, 2014 11:26 am Post subject: |
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looks like a PIN BAR cum IB on 1 hr TF on sgx, can u confirm... sent u pm
pls check and advice |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #132 Posted: Tue Sep 09, 2014 11:39 am Post subject: |
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| riteshucha wrote: | looks like a PIN BAR cum IB on 1 hr TF on sgx, can u confirm... sent u pm
pls check and advice |
looks like that. anyway, intraday it's short with tight SL 8204 or 8229NF and target 8139. we may be lucky to see 8110NF also. but it must sustain below 8135NS |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #133 Posted: Tue Sep 09, 2014 12:19 pm Post subject: |
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| premium has shot up suddenly |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #134 Posted: Tue Sep 09, 2014 12:40 pm Post subject: |
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| isnt today the judgement of coal block case?? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #135 Posted: Tue Sep 09, 2014 12:41 pm Post subject: |
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| riteshucha wrote: | | isnt today the judgement of coal block case?? |
yes, probably 2pm |
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