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Nifty View - September Series |
veekas
White Belt
Joined: 24 Aug 2011
Posts: 117
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Post: #166  Posted: Fri Sep 12, 2014 1:54 pm Post subject: |
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| vinay28 wrote: | | manojkr78 wrote: | Vinay,
Before the up move in nifty do you expect the 8027 gap filled....if it does then still the upmove will be valid??? |
no manoj, I doubt it now since it failed to make a lower yesterday as I had posted. let's see what happens after 1.45 pm till eod. it must take out 8095NS/8123NF first. |
8123 Taken out at 1:50 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #167 Posted: Fri Sep 12, 2014 1:56 pm Post subject: |
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| watch the R2 level. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #168 Posted: Fri Sep 12, 2014 2:32 pm Post subject: |
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| vinay28 wrote: | | manojkr78 wrote: | Vinay,
Before the up move in nifty do you expect the 8027 gap filled....if it does then still the upmove will be valid??? |
no manoj, I doubt it now since it failed to make a lower yesterday as I had posted. let's see what happens after 1.45 pm till eod. it must take out 8095NS/8123NF first. |
upmove started at 1.45.  |
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manojkr78
Green Belt
Joined: 07 Mar 2011
Posts: 1014
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| Post: #169 Posted: Fri Sep 12, 2014 2:59 pm Post subject: |
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Vinay,
are you carrying forward the longs taken today..... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #170 Posted: Fri Sep 12, 2014 2:59 pm Post subject: |
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| at last 8111 met. now 8133 pl |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #171 Posted: Fri Sep 12, 2014 10:01 pm Post subject: |
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| make or break lvl for nifty........ 80 points up or 80 points down on monday.....it will be a bigger move....which ever side nifty goes on monday |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #172 Posted: Sat Sep 13, 2014 11:31 am Post subject: |
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| ragwendra wrote: | | make or break lvl for nifty........ 80 points up or 80 points down on monday.....it will be a bigger move....which ever side nifty goes on monday |
ragwendra, instead of just making such posts once in a while like a hit and run, we all will appreciate if you give your reasons as well. OTHERWISE, start your own thread. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #173 Posted: Sat Sep 13, 2014 12:06 pm Post subject: |
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Nifty for Monday (15/09/14)
Supports are at about 8097, 8078, 8069, 8050 and 7999 while resistances are at about 8123, 8140, 8160, 8229 and 8250. Two unfilled gaps on lower side are at about 8027 and 7954 while the one on higher side is at about 8153. Five +WWs can give about 8122 (once above 8052), 8161 (once above 8081), 8178, 8213 (once above 8104) and 8265 (+WWs with higher targets are not mentioned as of now). Six -WWs can give about 8040 (once below 8122), 8020/7814 (once below 8151), 7967, 7901 (once below 8185) and 7855 (-WWs with much lower targets are not mentioned as of now). An IHnS can give about 8275 if nifty remains above 7940. Two rising wedges can give much lower levels if nifty continues to go down.
Nifty rose a bit and managed to close above 8100. Daily candle is like a bullish Harami, weekly candle is like a spinning top. While 8049-63 is a crucial zone intraday, a close below 8022 may cause further fall. Nifty will have to go above 8160 and also close above 8142 to give hope to bulls. Friday was a NR7 day and we may see a big move on Monday. Liquidity continues to be strong. Intraday volatility can cause wild swings. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #174 Posted: Sat Sep 13, 2014 3:11 pm Post subject: |
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did u mean the first tgt for CE was 90? not sure i understood this correctly....
also yest, when nifty made first new high @ 8126.60, CE high was only arnd 84, (morning high was arnd 90 )... being ITM, should have risen more, dont u think?...
further, NF formed an IB.. with high being 8148 - 8096.10...
i guess, only if it now takes out 8148, can u see further upmove... and break below 8070 NF shld accelarate it...
i feel we may finally see the big downmove(long pending) on monday ... fingers crossed...
| vinay28 wrote: | | riteshucha wrote: | yest NF made of low of 8072 8100 CE low was 69
today NF low is 8096 and CE low is 71...
doesnt look like buying for sure...!!!! |
ritesh, with only 9 more days for expiry and low vix, this is OK. I am hoping for 90 above today's low, which presently is 8096NF. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #175 Posted: Sat Sep 13, 2014 3:56 pm Post subject: |
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| riteshucha wrote: | did u mean the first tgt for CE was 90? not sure i understood this correctly....
also yest, when nifty made first new high @ 8126.60, CE high was only arnd 84, (morning high was arnd 90 )... being ITM, should have risen more, dont u think?...
further, NF formed an IB.. with high being 8148 - 8096.10...
i guess, only if it now takes out 8148, can u see further upmove... and break below 8070 NF shld accelarate it...
i feel we may finally see the big downmove(long pending) on monday ... fingers crossed...
And bank nifty if showing strength just to confuse. Since if banks start performing we ( retail) then to think markets going up.......
| vinay28 wrote: | | riteshucha wrote: | yest NF made of low of 8072 8100 CE low was 69
today NF low is 8096 and CE low is 71...
doesnt look like buying for sure...!!!! |
ritesh, with only 9 more days for expiry and low vix, this is OK. I am hoping for 90 above today's low, which presently is 8096NF. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #176 Posted: Sat Sep 13, 2014 4:15 pm Post subject: |
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| riteshucha wrote: | did u mean the first tgt for CE was 90? not sure i understood this correctly....
also yest, when nifty made first new high @ 8126.60, CE high was only arnd 84, (morning high was arnd 90 )... being ITM, should have risen more, dont u think?...
further, NF formed an IB.. with high being 8148 - 8096.10...
i guess, only if it now takes out 8148, can u see further upmove... and break below 8070 NF shld accelarate it...
i feel we may finally see the big downmove(long pending) on monday ... fingers crossed... |
ritesh, I meant NF 90 above 8096. In my reply to apka, I had said likely target of 8200ce is 65/80 and NF 8235/65/8300 by expiry. Monday is crucial. Two levels are important (1) about 8078/72NF and as a worst case, (2) 30tf close at/below about 8043NS.
daily candle is like a bullish harami. NS must take out 8141 first followed by 8161.
Incidentally, I feel rbi policy review on 30th will be good for banks. if banknifty goes above 16300, 17000 is possible. |
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #177 Posted: Sat Sep 13, 2014 4:49 pm Post subject: |
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True, Vinay Monday might be crucial.Index might made a move either side decisively or even it may as well chose to be in range bound for the day.
(P.S:I know I could not be wrong in this prediction  ) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #178 Posted: Sat Sep 13, 2014 6:45 pm Post subject: |
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| rk_a2003 wrote: | True, Vinay Monday might be crucial.Index might made a move either side decisively or even it may as well chose to be in range bound for the day.
(P.S:I know I could not be wrong in this prediction ) |
50:50.  |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #179 Posted: Mon Sep 15, 2014 10:14 am Post subject: |
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| TSL at day's high...phewww... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #180 Posted: Mon Sep 15, 2014 10:34 am Post subject: |
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| riteshucha wrote: | | TSL at day's high...phewww... |
ur SL should be 30 or 50 above today's low depending upon whether it is intraday or short term |
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