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Nifty View - September Series |
vinay28
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Joined: 24 Dec 2010
Posts: 11748
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Post: #361  Posted: Wed Sep 24, 2014 1:59 pm Post subject: |
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amit, daily close below 7980 will be bad while a close above 8050/88 will give indication that range remains 7980-8180 though it is bullish for close above 8088.
But for this expiry, I am more keen to see whether we see a 60tf close above 8050NF and then 8130. |
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amitagg
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Joined: 01 Oct 2013
Posts: 4559
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| Post: #362 Posted: Wed Sep 24, 2014 2:12 pm Post subject: |
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| amitagg wrote: | | 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. |
now lets see whether a HIGHER LOW is made.....i think very well can be..... |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #363 Posted: Wed Sep 24, 2014 2:20 pm Post subject: |
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| yes about 7925 is crucial unless we see a +ve div on 60tf around that or even 7910. |
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apka
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Joined: 13 Dec 2011
Posts: 6137
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| Post: #364 Posted: Wed Sep 24, 2014 2:39 pm Post subject: |
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| nauseous move |
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PS Trader
White Belt
Joined: 22 Sep 2013
Posts: 101
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| Post: #365 Posted: Wed Sep 24, 2014 2:40 pm Post subject: |
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SC quashes all coal block allocation since 1993  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #366 Posted: Wed Sep 24, 2014 2:43 pm Post subject: |
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| apka wrote: | | nauseous move |
first 90 below today's high and now 82 above today's low ...... as of now. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #367 Posted: Wed Sep 24, 2014 5:37 pm Post subject: |
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| well it looks like another stalemate expiry tomorrow between 8000-8050. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #368 Posted: Wed Sep 24, 2014 8:38 pm Post subject: |
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| today's candle similar to 30/5, 23/6, 14/7 and 8/8, all almost 3 week gap except this one. Also, today's not exactly at bottom of a downtrend like those before. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #369 Posted: Wed Sep 24, 2014 9:11 pm Post subject: |
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Sgx Nifty Future
8041.50 +30.00 +0.37%
Gap up. I'm gonna lose what i earned 3 days back, oh well. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #370 Posted: Wed Sep 24, 2014 10:17 pm Post subject: |
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Nifty for Thursday (25/09/14)
Supports are at about 7998, 7985, 7972, 7951, 7906 and 7864 while resistances are at about 8031, 8047, 8070, 8091, 8102 and 8161. A gap on the lower side is at about 704. Previous highs/lows were at about 8161/81 and 7925 resp. Six +WWs can give about 8045 (once above 8000), 8055, 8076 (once above 8015), 8081/8109 (once above 8037) and 8105 (once above 8029) and 8147 (once above 7959) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7865 (-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 but recovered to barely close above 8000 and is still bearish. Daily candle is a hammer and like a morning star and we may see a mild reversal on Thursday. Nifty must close above 8174 and not close below 7975. Bullish div is mildly visible and positional 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, Thursday being expiry. |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #371 Posted: Thu Sep 25, 2014 9:54 am Post subject: |
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already broken 30 min candle low... will add more sell below 7980.50 & 7969
SAR 8029... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #372 Posted: Thu Sep 25, 2014 10:17 am Post subject: |
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| riteshucha wrote: | already broken 30 min candle low... will add more sell below 7980.50 & 7969
SAR 8029... |
intraday target 7962/50NF. SL 8044, tight one 8028 |
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riteshucha
Green Belt
Joined: 19 May 2012
Posts: 1292
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| Post: #373 Posted: Thu Sep 25, 2014 10:57 am Post subject: |
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below 7969, tgts r 7947, 7924-18, 7902..
but most of the stocks(in general i m talking) are holding their lows made 1 hr back although nifty has broken its low several times...
if NF doesnt break the Pivot basis supp 1 (7966) we might see a jump till Pivot-8008
BNF 2nd support is arnd 15464...
bought 7950 CE as a back up...
what u think vinay... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #374 Posted: Thu Sep 25, 2014 11:29 am Post subject: |
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| unless NS breaks above 8000 first and then 8025, there is no hope for 8100+ rise in oct. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #375 Posted: Thu Sep 25, 2014 12:06 pm Post subject: |
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| 8000ce didn't cross 5 and even if it does, if it bounces from about 4.50, it's worth the risk. likely targets 16/23/29/37. |
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