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Technical dissection - NIFTY |
acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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Post: #106  Posted: Sun Jan 23, 2011 11:27 am Post subject: |
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RT sir,
View for next week please, if your health permits.
THANKS
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #108 Posted: Tue Jan 25, 2011 9:48 pm Post subject: Re: Nifty trend analysis |
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RT Sir,
5620 holding.
Can we expect bounce on expiry day?
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #109 Posted: Wed Jan 26, 2011 12:05 pm Post subject: |
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I think expiry may be between 5654 and 5631. 
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #110 Posted: Wed Jan 26, 2011 2:45 pm Post subject: |
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hi friends,
Yesterday there was a sell of in second half of the day... Tomorrow if yesterdays low holds out then its ok for bulls.. But if nifty breaks below yesterdays low it may not stop at 5624 next minor support is at 5542... If this happens in feb nifty may go down to 5390-5350 levels.. From there bounce may come which can take nifty to 5568. If this turns out to be a resistance then in march we may see much lower levels like 5100...
On upside if in feb nifty manages to take out 5870 then we can expect 6024 on nifty, tremendous supply pressure is there above 6000 so be cautious..
Our intermediate trend is down hence there is heavy selling coming on every pullback...
Take care
Regards,
RT
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #111 Posted: Thu Jan 27, 2011 3:15 pm Post subject: |
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look at nifty.. As predicted yesterday below 5681 free fall... Next stop 5542 minor support.. next major support 5390-5350..
Enjoy
Regards
RT 
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sharemuthu
White Belt
Joined: 21 Aug 2009
Posts: 154
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| Post: #112 Posted: Thu Jan 27, 2011 3:20 pm Post subject: |
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nice call RT thank u 
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #113 Posted: Thu Jan 27, 2011 4:07 pm Post subject: |
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Thanks RT for your awesome calls...
Now, can we use any bounce back in the Nifty to go short with 5681 as SL..?
Do you think anything can push Nifty back above 5700?
Thanks,
Beo
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #114 Posted: Thu Jan 27, 2011 5:58 pm Post subject: |
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hi beo,
from 5542 being a minor support we can expect a bounce back.. You can short nifty between 5630 to 5690 with a stop loss 5705. You may get shorting opportunity in the 1st week of feb... Above 5705 dont remain short...
All spot levels
Regards,
RT
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sanju251416
White Belt
Joined: 15 Feb 2010
Posts: 10
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| Post: #115 Posted: Thu Jan 27, 2011 7:57 pm Post subject: |
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Dear RT,
Thks for your calls.
Have been following this for some time. Fairly accurate predictions...
Can you pls give us the link for downloading VSA EOD software for Metastock ?
Sanju
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #116 Posted: Thu Jan 27, 2011 9:05 pm Post subject: |
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| I don't know whether it will happen on 31st Jan but spot nifty may soon bottom out at 5542.48 and then appx. 7288 in six months
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acharyams
Yellow Belt
Joined: 04 Jul 2010
Posts: 552
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| Post: #117 Posted: Thu Jan 27, 2011 9:19 pm Post subject: |
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rt sir,
Do u agree with vinay?
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #118 Posted: Thu Jan 27, 2011 11:25 pm Post subject: |
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Dear acharyams,
let the market tell us where it want to go.. atleast for short term it is bearish... price action will intimate us whether market will go towards 7288 or 4822... We all are students of the market... Not a single person has power to move the market.. Its combined reflection of human emotions greed and fear.. I just follow it using price action...
Dear sanju,
my apologies as i am not able to provide you the link as i am not a metastock user.. If anybody is having kindly provide.. If icharts rules and regulations permits...
Regards,
RT
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beowulf
White Belt
Joined: 18 Aug 2010
Posts: 163
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| Post: #119 Posted: Fri Jan 28, 2011 1:05 am Post subject: |
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| RoyalTrader wrote: | hi beo,
from 5542 being a minor support we can expect a bounce back.. You can short nifty between 5630 to 5690 with a stop loss 5705. You may get shorting opportunity in the 1st week of feb... Above 5705 dont remain short...
All spot levels
Regards,
RT |
Crisp as ever...! Thank you sir...
If you dont mind sparing some time for newbies like me, can you please explain briefly how did you come to these numbers (5630, 5690 and 5705..and why not 5681).
Can you please post a chart (if thats not too much to ask  )
Thanks so much...
Beo
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RoyalTrader
White Belt
Joined: 31 Oct 2010
Posts: 75
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| Post: #120 Posted: Fri Jan 28, 2011 8:31 am Post subject: |
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Dear beo,
5620-5630 was an important support zone which market broke yesterday and closed below confirming the weekness... 5690-5700 is another support zone where market took support twice last time... previous support zone now will act as a resistance hence i mentioned 5630 to 5690 as a resistance zone.
operater can take nifty up to 5700 or just above that to take out stoplosses.. Hence i have kept 5705 as stoploss its subjective you can keep 5715 also if your risk appetite permits...
Hope i have answered all your doubts, as per my small knowledge...
I will post chart as and when time permits...
Regards,
RT
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