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Nifty View - September Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #346  Posted: Tue Sep 23, 2014 2:06 pm Post subject: |
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| NS must close at least above 8067 and preferably 8105/8114/8121. otherwise problem. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #347 Posted: Tue Sep 23, 2014 3:00 pm Post subject: |
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| vinay28 wrote: | | NS must close at least above 8067 and preferably 8105/8114/8121. otherwise problem. |
"problem" is a very discretionary word....problem for longs....smart gains for shorters.....true....8030 may still hold ....whats remains is whether 8180 is taken out or not......or now 7915-7925 holds or not
we shall have the first lower high lower low if and IF only 7915 is taken out......
pls see: i am seeing narrowing formation over weekly picture....8180 down to 8160..........and 7915 down to 7925 /7935 i guess.......[ as happened in past already]
so [for future] markets may still confuse till Diwali betwee 7915 (ever time making HIGHER low and LOWER high)......and give way (for me down!!!!) after that
i am remembering Rita Pandit's post of 8000 by Diwali. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #348 Posted: Tue Sep 23, 2014 3:20 pm Post subject: |
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| amitagg wrote: | | for me, Nifty "may" hit 8085-8110 region where is professional supply level.....and fall back. (That is not to mean that it cannot fall from here itself). I new high is something "I" seriously doubt. |
this was written on 17th.......lets see how early Oct plays out....
these are very very critical days from "yearly EW" perspective (which as per logical & interpretative diametric pattern suggests topping out behavour price and time wise BOTH).
Not sustaining above 8100-8200 would mean 7500 is coming in next few months. The % fall can happen over a month (OR so or even a week or so when it happens)
I break past 8200 should lead to NOT 8300-8400 but 8700-8900 at least |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #349 Posted: Tue Sep 23, 2014 4:00 pm Post subject: |
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| I wonder whether this makes any sense. |
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vishytns
White Belt
Joined: 26 Nov 2009
Posts: 206
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| Post: #350 Posted: Tue Sep 23, 2014 4:52 pm Post subject: |
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A confluence of multiple trendlines usually forms a big support. A break down of this confluence would give fast move on the downside...
44% OI added in october futures on the day of fall... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #351 Posted: Tue Sep 23, 2014 4:59 pm Post subject: |
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| vishytns wrote: | A confluence of multiple trendlines usually forms a big support. A break down of this confluence would give fast move on the downside...
44% OI added in october futures on the day of fall... |
vishytns?  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #352 Posted: Tue Sep 23, 2014 9:36 pm Post subject: |
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Nifty for Wednesday (24/09/14)
Supports are at about 8002, 7990, 7972, 7950 and 7831 while resistances are at about 8053, 8067, 8100 and 8161. Previous highs were at about 8161/81. Five +WWs can give about 8072 (once above 8031), 8138/45 (once above 8095), 8164 (once above 8046) and 8185 (once above 8076) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7864 (-WWs with much lower targets are not mentioned as of now). An IHnS can give about 8220 as long as nifty remains above 7925.
Nifty fell sharply and closed above 8000 and is very bearish but, more importantly, it reacted again from about 8160. Nifty must close above 8174 and not close below 7932. Sustaining below 7990 can start the slide. Bullish div is visible and short sellers should be careful. Global events can have a bearing on how nifty moves. Liquidity continues to be strong. Intraday volatility can cause wild swings, this week being expiry. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #353 Posted: Wed Sep 24, 2014 10:04 am Post subject: |
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breaking of 8014 can go to 7991 / 7969 / 7947 SL 8055
| riteshucha wrote: | | shld hold 8059 or else, all the way to 7991... be careful full 2 hrs of trading left... |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #354 Posted: Wed Sep 24, 2014 10:21 am Post subject: |
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 7991...
one can attempt a buy with Strict SL of 7973...
tgt 8093...
| riteshucha wrote: | breaking of 8014 can go to 7991 / 7969 / 7947 SL 8055
| riteshucha wrote: | | shld hold 8059 or else, all the way to 7991... be careful full 2 hrs of trading left... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #355 Posted: Wed Sep 24, 2014 10:57 am Post subject: |
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| if I don't see 8078NF today, I will sell my calls bought a while ago. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #356 Posted: Wed Sep 24, 2014 12:17 pm Post subject: |
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| cabinet to consider gas price hike today evening. panel suggested doubling to 8.4 but cabinet may give lesser. watch Oil, Ongc and RIL |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #357 Posted: Wed Sep 24, 2014 12:18 pm Post subject: |
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| positive divergences on 5 min charts on both nifty and bank nifty, going long with day low sl. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #358 Posted: Wed Sep 24, 2014 12:47 pm Post subject: |
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| Nifty view based on Fibonacci time cycle – In Sept 2014, nifty completes 13 months since it made a low of 5118 on 28th August 13 and, furthermore, in Oct 2014, it completes 34 months since it made a low of 4531 on 20th Dec 11. This indicates that an important peak is likely to have been made in Sept ’14 or is likely to be made in in Oct ’14. Diwali is on 23/10. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #359 Posted: Wed Sep 24, 2014 1:00 pm Post subject: |
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| come on, give a break out soon. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #360 Posted: Wed Sep 24, 2014 1:29 pm Post subject: |
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| vinay28 wrote: | | Nifty view based on Fibonacci time cycle – In Sept 2014, nifty completes 13 months since it made a low of 5118 on 28th August 13 and, furthermore, in Oct 2014, it completes 34 months since it made a low of 4531 on 20th Dec 11. This indicates that an important peak is likely to have been made in Sept ’14 or is likely to be made in in Oct ’14. Diwali is on 23/10. |
so long now or short...if to go short when....or both long & short.....
I mentioned this few week back and so did Turtle........13 number can also be obtained 3-4 times in addition to current rally, for a certain rallies since 2003 dont recall.
[it is important to now whether the pattern currently ended is diametric or ascending triangle from 2008.......].....rise in Oct if any would be dangeous for SHORTS [EDITED] therefore...... |
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