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Nifty View - September Series |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #46  Posted: Tue Sep 02, 2014 2:13 pm Post subject: |
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| amitagg wrote: | how so accurate....touched 8101.95  |
some may want to say "as of now". Amit, anyway, I will wait for one more day i.e. I won't apply that SL on daily close basis today, just to convince myself that I was indeed wrong. Even if it works out, I may still reverse to long if I see it sustain above about 8080NS/8100NF on Thursday. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #47 Posted: Tue Sep 02, 2014 2:16 pm Post subject: |
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| harsh_85 wrote: | | guys r u looking at the nifty components? i mean to say although nifty touched 8100...the defensives; pharma and fmcg have come to fore....could it be smart money switching to defensives and hence as u guys said...8100 be the top? |
but other sectors are not seeing selling pressure, so it's part of cyclical run. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #48 Posted: Tue Sep 02, 2014 2:16 pm Post subject: |
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| harsh_85 wrote: | | guys r u looking at the nifty components? i mean to say although nifty touched 8100...the defensives; pharma and fmcg have come to fore....could it be smart money switching to defensives and hence as u guys said...8100 be the top? |
yes, harsh, that always happens. I have also noted that FIIs bought huge index options yesterday and sold stock futures as hedge against long in index fut. RIL is worth watching to see whether it helps by playing spoil sport or acts as defensive. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #49 Posted: Tue Sep 02, 2014 2:32 pm Post subject: |
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damn, as posted just a few min earlier, RIL playing like a defensive.  |
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psvohra68
White Belt
Joined: 04 Oct 2012
Posts: 11
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| Post: #50 Posted: Tue Sep 02, 2014 5:22 pm Post subject: |
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VINAY JI GRTT levels bt mkts killing BEARS slowly and steadily  |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #51 Posted: Tue Sep 02, 2014 7:58 pm Post subject: |
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| nifty channel |
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traderbiswal
White Belt
Joined: 25 Jul 2014
Posts: 11
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| Post: #52 Posted: Tue Sep 02, 2014 8:53 pm Post subject: |
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| vinay..what are the levels? |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #53 Posted: Tue Sep 02, 2014 9:06 pm Post subject: |
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Nifty for Wednesday (03/09/14)
Supports are closely spaced at about 8073, 8055, 8045, 8031, 8018, 8007, 7990 and 7928 while resistances are at about 8102, 8112, 8141 and 8250. Two unfilled gaps on lower side are at about 8028 and 7954. A +WW can give about 8153 (+WWs with higher targets are not mentioned as of now). Seven -WWs can give about 8060/48 (once below 8093), 8036/15 (once below 8088), 7929 (once below 8027), 7874 (once below 8087) and 7859 (once below 8042) (-WWs with much lower targets are not mentioned as of now). A bullish flag can give higher level unless killed below 7990. An IHnS can give about 8170-8275 in case nifty sustains above about 7900.
Nifty again closed at an all time high but just below 8100 and continues to be bullish. However, the -ve div on daily and weekly over longer period still persists and though RSI crossed above 70.60, its next hurdle is above 80. A breach of 8018 will be the first sign of tiredness. Even though liquidity continues to be strong, one needs to be careful in trading. |
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ragwendra
White Belt
Joined: 12 Oct 2011
Posts: 36
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| Post: #54 Posted: Tue Sep 02, 2014 9:28 pm Post subject: |
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| 8121-8152 seems rally ending frm Friday or monday |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #55 Posted: Wed Sep 03, 2014 12:05 am Post subject: |
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| ragwendra wrote: | | 8121-8152 seems rally ending frm Friday or monday |
Reasons please |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #56 Posted: Wed Sep 03, 2014 11:34 am Post subject: |
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| sustaining below 8107 can see as much as 8020 |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #57 Posted: Wed Sep 03, 2014 12:01 pm Post subject: |
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| vinay28 wrote: | | sustaining below 8107 can see as much as 8020 |
I am expecting at least 8061NF/8043NS today. logging off now as I am going out. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #58 Posted: Wed Sep 03, 2014 12:26 pm Post subject: |
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| vinay28 wrote: | | vinay28 wrote: | | sustaining below 8107 can see as much as 8020 |
I am expecting at least 8061NF/8043NS today. logging off now as I am going out. |
thats the excellant way to trade!!!!! - we need to learn from that |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #59 Posted: Wed Sep 03, 2014 8:14 pm Post subject: |
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Nifty for Thursday (04/09/14)
Supports are at about 8091, 8032 and 7990 while resistances are at about 8159 and 8249. Two unfilled gaps on lower side are at about 8083 and 8027. A +WW can give about 8168 (+WWs with higher targets are not mentioned as of now). Five -WWs can give about 8054 (once below 8140), 8037 (once below 8133), 8030/8004 (once below 8120) and 7958 (once below 8058) (-WWs with much lower 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.
Nifty closed flat but at an all time high again and above 8100 and continues to be bullish. However, daily candle is like an evening doji star cum inverted hammer, a likely reversal sign. It will be confirmed if nifty closes (well) below 8083, preferably after a gap down open. Also, there is a -ve div on lower TFs and the -ve div on daily and weekly over longer period still persists and we may see a short reversal. If nifty breaks and sustains below 8091, it may be the first sign of weakness. However, liquidity continues to be strong and one needs to be careful in trading. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #60 Posted: Thu Sep 04, 2014 8:57 am Post subject: |
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| it may break 8091 soon after open. |
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