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Nifty View - September Series |
riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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Post: #286  Posted: Fri Sep 19, 2014 4:32 pm Post subject: |
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thanks jyothil...
| jyothil wrote: | | jyothil wrote: | | riteshucha wrote: | if i remember correctly, there was a thread which talked abt perfect close and imperfect close of nifty... does anyone know abt it...
today it opened below yest close and also closed below yest's close... is this considered bearish in nature vinay...???? |
Ritesh,
Today Imperfect Close (i.e) closed above 8097.90 (Spot) or below 8153.45
G. Jyothi |
Perfect Close (Bearish): Closing Price = Open - (High - Open)
Perfect Close (Bullish): Closing Price = Open + (Open-Low)
Opposite is Imperfect
G. Jyothi |
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jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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| Post: #287 Posted: Fri Sep 19, 2014 4:52 pm Post subject: |
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| riteshucha wrote: | thanks jyothil...
| jyothil wrote: | | jyothil wrote: | | riteshucha wrote: | if i remember correctly, there was a thread which talked abt perfect close and imperfect close of nifty... does anyone know abt it...
today it opened below yest close and also closed below yest's close... is this considered bearish in nature vinay...???? |
Ritesh,
Today Imperfect Close (i.e) closed above 8097.90 (Spot) or below 8153.45
G. Jyothi |
Perfect Close (Bearish): Closing Price = Open - (High - Open)
Perfect Close (Bullish): Closing Price = Open + (Open-Low)
Opposite is Imperfect
G. Jyothi |
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U r Welcome |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #288 Posted: Fri Sep 19, 2014 6:49 pm Post subject: |
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| I don't understand. today it opened and closed above yesterday's close. |
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a1b1trader
Yellow Belt
Joined: 13 Jul 2014
Posts: 691
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| Post: #289 Posted: Fri Sep 19, 2014 7:49 pm Post subject: |
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| vinay28 wrote: | | I don't understand. today it opened and closed above yesterday's close. |
Ritesh is talking of NF and not NS |
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JANKI18
White Belt
Joined: 22 Jul 2011
Posts: 16
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| Post: #290 Posted: Sat Sep 20, 2014 8:05 am Post subject: |
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JYothil,
What is the effect of perfect/imperfect closing ? |
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jyothil
White Belt
Joined: 26 Feb 2009
Posts: 299
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| Post: #291 Posted: Sat Sep 20, 2014 11:26 am Post subject: |
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| JANKI18 wrote: | JYothil,
What is the effect of perfect/imperfect closing ? |
It is just an indicator, if market closed negative, you can just confirm with whether it is bearish or not. If market closed positive, it should be in perfect bullish close. According to my knowledge....
G. Jyothi |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #292 Posted: Sat Sep 20, 2014 11:45 am Post subject: |
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| a1b1trader wrote: | | vinay28 wrote: | | I don't understand. today it opened and closed above yesterday's close. |
Ritesh is talking of NF and not NS |
jyothi has given spot levels. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #293 Posted: Sat Sep 20, 2014 1:25 pm Post subject: |
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yes i was taking of NF and jyothil of NS... i was going to point that out that NS is exactly the opposite...
i ahve another chart pls see and comment... sent u a pm... mostly looks like a rounding pattern on 1 Hr... although NF did nt break 8124, SGX did break the IB low in the dying minutes...  shld be interesting on monday...
hope vinay i m not bothering u with too many questions... pls bear with since i m just trying to see, hear and learn.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #294 Posted: Sat Sep 20, 2014 3:52 pm Post subject: |
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| riteshucha wrote: | yes i was taking of NF and jyothil of NS... i was going to point that out that NS is exactly the opposite...
i ahve another chart pls see and comment... sent u a pm... mostly looks like a rounding pattern on 1 Hr... although NF did nt break 8124, SGX did break the IB low in the dying minutes... shld be interesting on monday...
hope vinay i m not bothering u with too many questions... pls bear with since i m just trying to see, hear and learn.... |
weekly opened below and closed above, like a bullish piercing. monthly as of now nicely poised i.e. opened well above and closed far above. |
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JANKI18
White Belt
Joined: 22 Jul 2011
Posts: 16
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| Post: #295 Posted: Sat Sep 20, 2014 4:00 pm Post subject: |
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| jyothil wrote: | | JANKI18 wrote: | JYothil,
What is the effect of perfect/imperfect closing ? |
It is just an indicator, if market closed negative, you can just confirm with whether it is bearish or not. If market closed positive, it should be in perfect bullish close. According to my knowledge....
G. Jyothi |
Thanks for reply. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #296 Posted: Sat Sep 20, 2014 4:30 pm Post subject: |
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ritesh, w.r.t. your PM, I have following comments
1. It doesn't look like a rounding top to me but rather a triangle whose BO/BD can give about 8210/8045NS. See chart attached.
2. A bullish flag gets nullified below about 8025NS.
3. Sustaining below about 8100NS/8107NF can give 8045NS/8065NF
4. Supports are at about 8101/8075NF or 8097/71/48NS
5. BO will be sustaining above about 8140NS
IMHO, keeping an instantaneous SL is dangerous during such times when nifty is on a threshold. If you read my post under "Market Mastermind" a few days ago, you will note that our SL is operators' entry.
You can keep above NS supports as SLs on at least 5tf close basis if you are long. In case of NF, nifty is in a sell for intraday Monday with SL as 5tf close above 8155 and 15tf close above 8160, as per your appetite. For positional trader, it is still in a buy with SL as 60tf close below 8062. These SLs in NF are from a friend. |
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rksharma1091
White Belt
Joined: 20 Jan 2009
Posts: 49
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| Post: #297 Posted: Sat Sep 20, 2014 8:27 pm Post subject: |
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| we may see gap down on monday heading towards 8000 have to watch till it takes support may not be free fall i hope |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #298 Posted: Sat Sep 20, 2014 8:37 pm Post subject: |
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Nifty for Monday (22/09/14)
Supports are at about 8114, 8097, 8085, 8069, 8048 and 7995 while resistances are at about 8140, 8161, 8174, 8185, 8239 and 8250. Previous high was at about 8181. Five +WWs can give about 8145/80 (if above 8100), 8163 (if above 8115), 8190, and 8239 (if above 8079) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8088, 8075 and 8065 (-WWs with much lower targets are not mentioned as of now). An IHnS can give about 8275 if nifty remains above 7955. Two rising wedges can give much lower levels if nifty goes down again.
Nifty closed flattish but above 8100. However, the rally can fizzle out if rsi doesn't cross above 75 on daily chart. Daily candle is an inverted hammer and like a spinning top and the weekly candle is a hanging man with a mildly bearish RSI and, hence, an initial reaction is likely. Nifty must close above 8174 and not close below 8050. A close below 8030 may cause sharp fall again. Even sustaining below 8102 for more than 2 days can cause a fall. Global events can have a bearing on how nifty moves. Liquidity continues to be strong. Intraday volatility can cause wild swings, next week being expiry. |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #299 Posted: Sun Sep 21, 2014 1:55 pm Post subject: |
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Hi Saumya
You have not posted since a long time. Please do a post on japani baadal. Its a request.
Please post wolves, if there is any.
Thanks |
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kaydee11
White Belt
Joined: 29 Jan 2014
Posts: 79
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| Post: #300 Posted: Sun Sep 21, 2014 2:08 pm Post subject: |
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Hi Vinay
If I will request you to post WWs then you will say that you do not keep any record. Then its my request you to please make a record of these wws and when you post your views tomorrow, then please post these wws also, because I am unable to find any such wolves and I want to know what and where I am missing these points.
Thanks |
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