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Nifty View - Feb '17 Series
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Author Nifty View - Feb '17 Series
vinay28
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Post: #1   PostPosted: Tue Feb 07, 2017 6:33 pm    Post subject: Nifty View - Feb '17 Series Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (08/02/17) and beyond

Supports are at about 8730/16/00, 8695/70/03 and 8590 while resistances are at about 8785/92, 8815/25/50 and 8875. Unfilled gaps on higher/lower sides are at about 8832/8740 resp. A +WW can give about 8816 (if above 8770) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8727 (if below 8759), 8700 and 8684 (if below 8727) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8665 in case nifty sustains below 8800.

Nifty opened gap up but fell to close -ve and below 8800. Daily volume is strong -ve and we may see lower levels. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8802 for further rise while a close below 8708 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being RBI policy review day.
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vinay28
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Post: #2   PostPosted: Wed Feb 08, 2017 6:50 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (09/02/17) and beyond

Supports are at about 8746/20/02, 8682 and 8590 while resistances are at about 8785, 8810/25/50 and 8905. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8840 (if above 8770) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8705 and 8682 (if below 8729) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8665 in case nifty sustains below 8800.

Nifty opened flattish, fell to make a lower low but rose sharply later to close mildly -ve and below 8800. Daily candle is a hammer cum long legged doji with good +ve volume suggesting recovery may have begun. However, there is again a bearish div between last two candles and further fall is possible. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8802 for further rise while a close below 8708 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #3   PostPosted: Thu Feb 09, 2017 6:49 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (10/02/17) and beyond

Supports are at about 8765/42/20/05, 8670/33 and 8590 while resistances are at about 8826/35/43 and 8880. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8869 (if above 8770) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8707 and 8668 (if below 8825) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8665 in case nifty sustains below 8800. A broadening formation can give about 8870/8625 if nifty breaks and sustains above/below 8809/8685 resp. A HnS can give about 8680 if nifty breaks and sustains below 8735.

Nifty opened gap up, made a higher high but fell. It didn't make a lower low and then rose sharply to close mildly -ve and below 8800. Daily candle is once again a hammer cum long legged doji with good +ve volume suggesting further rise. However, there is -ve div and further rise may be limited. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8802/32/68 for further rise while a close below 8740 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #4   PostPosted: Fri Feb 10, 2017 6:54 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (13/02/17) and beyond

Supports are at about 8770/60/35 and 8711 while resistances are at about 8801/30 and 8855. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8871 (if above 8768) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8729/8713/8637 (if below 8823) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8555 in case nifty sustains below 8785. A broadening formation can give about 8875/8620 if nifty breaks and sustains above/below 8815/8680 resp. A HnS can give about 8680 if nifty breaks and sustains below 8735.

Nifty opened gap up, made a higher high but fell to close mildly -ve and below 8800. Weekly candle is a hanging man and daily and weekly volumes are good +ve volume suggesting further rise. However, there is -ve div and further rise may be limited. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8802 to begin with while a close below 8740 can cause more fall. Friday was a NR4 day while it was a NR25 week and we may see very big moves soon. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #5   PostPosted: Mon Feb 13, 2017 8:22 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (14/02/17) and beyond

Supports are at about 8785/68/55/42/25/16 and 8660 while resistances are at about 8836/48/75 and 8890. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8873 (if above 8766) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8748 (if below 8806) and 8715/8628 (if below 8828) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8565 in case nifty sustains below 8795. A broadening formation can give about 8875/8630 if nifty breaks and sustains above/below 8815/8690 resp. A HnS can give about 8680 if nifty breaks and sustains below 8735.

Nifty opened gap up, made a higher high but fell. It recovered later to close mildly -ve but above 8800. Daily candle is again a hanging man but volume is average +ve. The -ve div continues and further rise, if any, may be limited. Nifty is over bought and the longer term hidden div is strong and gets killed only at 8969 to begin with. But a major fall will come only if sustained selling resumes. Nifty must close above 8868 for further rise while a close below 8768 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #6   PostPosted: Tue Feb 14, 2017 6:36 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (15/02/17) and beyond

Supports are at about 8785/70/60/50/40/25/17 and 8660 while resistances are at about 8805/16/25/39/50 and 8890. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8875 (if above 8764) (+WWs with higher targets are not mentioned as of now). Four -WWs can give about 8689/64/30/8572 (if below 8835) (-WWs with lower targets are not mentioned as of now). An IHnS can give 9080 if nifty sustains above 8670. A rising wedge can give about 8570 in case nifty sustains below 8800. A broadening formation can give about 8885/8620 if nifty breaks and sustains above/below 8825/8680 resp. A HnS can give about 8680 if nifty breaks and sustains below 8735.

Nifty opened gap up, could not make a higher high and fell to close -ve below 8800. Daily candle is an insider bar to the previous outside bar cum hanging man and volume is strong -ve. Though nifty seems to be on the verge of a break out or break down, it is over bought and the longer term hidden div is strong (but which gets killed only at 8969 to begin with). But a major fall will come only if sustained selling resumes. Nifty must close above 8802 to begin with while a close below 8768 can cause more fall. Tuesday was a NR6 day and that coupled with the previous NR25 week, can give a big move soon. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #7   PostPosted: Wed Feb 15, 2017 6:36 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Thursday (16/02/17) and beyond

Supports are at about 8718, 8680/60/45 and 8607 while resistances are at about 8755/85, 8804/40 and 8850. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. A +WW can give about 8759 (if above 8713) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8666/42 (if below 8752) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8570 in case nifty sustains below 8800. A HnS can give about 8680 if nifty breaks and sustains below 8735.

Nifty opened gap down, filled the gap and fell to close strongly -ve well below 8750. Daily volume is strong -ve and we may see further fall. Nifty must close above 8802 to begin with while a close below 8708 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #8   PostPosted: Thu Feb 16, 2017 6:39 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Friday (17/02/17) and beyond

Supports are at about 8755/43/30/23/11, 8668 and 8633 while resistances are at about 8785/98, 8810/20/30/45/75 and 8890. Unfilled gaps on higher/lower sides are at about 8832/8475 resp. (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8735 (if below 8782) and 8636/06 (if below 8829) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8570 in case nifty sustains below 8800. A HnS can give about 8655 if nifty breaks and sustains below 8715.

Nifty opened gap up and rose to close +ve well above 8750. Daily candle is an inside bar with strong +ve volume and we may see further rise. However, weekly volume is -ve so far. Sustaining above/below 8808/8712 is bullish/bearish resp. On daily basis, nifty must close above 8802 to begin with while a close below 8708 can cause more fall. On weekly basis, nifty must close above 8784/94 while a close below 8740 can cause more fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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vinay28
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Post: #9   PostPosted: Sat Feb 18, 2017 9:10 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Monday (20/02/17) and beyond

Supports are at about 8812/01, 8790/80/66/40/19 and 8710 while resistances are at about 8835/47/85 and 8940. Unfilled gaps on higher/ lower sides are at about 8953/8778 resp. A +WW can give about 8876 (if above 8808) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8704/8604/8547 (if below 8828) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8580 in case nifty sustains below 8810.

Nifty opened up with a huge gap, made a higher high and tanked to close strongly -ve but above 8800, the highest close since 23/9/16. Daily candle strongly bearish with -ve div but with strong +ve volume, which IMHO should be ignored as it is coloured by event based buying in HDFC bank. Weekly candle is an outside bar cum big doji again with strong +ve volume. Hence only a higher high and close will negate my view. Nifty must close above 8868 to continue the rally while a close below 8805/01 can start a fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being an expiry week.
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vinay28
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Post: #10   PostPosted: Mon Feb 20, 2017 8:05 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Tuesday (21/02/17) and beyond

Supports are at about 8855/38/25/04, 8796/85/75/24 and 8770 while resistances are at about 8890, 8915/40 and 9000. Unfilled gaps on higher/ lower sides are at about 8953/8778 resp. A +WW can give 8975 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8837 (if below 8877) (-WWs with lower targets are not mentioned as of now).

Nifty opened down with a slight gap but rose to close strongly +ve well above 8850, the highest close since 8/9/16. Daily candle bullish but volume is not commensurate. There is also the persisting -ve div. Last Friday's high of 8897 is crucial to begin with. Nifty must close above 8953 to continue the rally while a close below 8805 can start a fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being an expiry week.
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vinay28
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Post: #11   PostPosted: Tue Feb 21, 2017 7:57 pm    Post subject: Reply with quote

This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (22/02/17) and beyond

Supports are at about 8898/90/73/65/52/28/09/00, 8799 and 8770 while resistances are at about 8940/65 and 9000. Unfilled gaps on higher/ lower sides are at about 8953/8778 resp. A +WW can give 9005 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8839 (if below 8898) and 8807 (if below 8926) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a small gap and rose to close +ve above 8900. Daily candle like a hanging man cum spinning top with good +ve volume but persisting -ve div. Nifty must close above 8953 to continue the rally while a close below 8821 can start a fall. Tuesday was a NR5 day and we may see a big move soon. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, this being an expiry week.


Last edited by vinay28 on Wed Feb 22, 2017 7:05 pm; edited 1 time in total
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Niftyman
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Post: #12   PostPosted: Tue Feb 21, 2017 9:30 pm    Post subject: Reply with quote

negative divergence Laughing
bechara, looking everyday for it but market is not obliging.

Laughing Laughing Laughing
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mohitshukla2021
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Post: #13   PostPosted: Tue Feb 21, 2017 11:22 pm    Post subject: Reply with quote

@Niftyman: I guess ..you need to improve your english language skills first...Vinay is not 'looking' for negative divergence' . He is just mentioning that it exists...
and you seems to be bigger bechara...who just come on this post to put a negative comment without actually contributing positively...you know there is one similar type in our politics...famously known as 'Pappu' Smile
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vinay28
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Post: #14   PostPosted: Wed Feb 22, 2017 8:02 am    Post subject: Reply with quote

mohitshukla2021 wrote:
@Niftyman: I guess ..you need to improve your english language skills first...Vinay is not 'looking' for negative divergence' . He is just mentioning that it exists...
and you seems to be bigger bechara...who just come on this post to put a negative comment without actually contributing positively...you know there is one similar type in our politics...famously known as 'Pappu' Smile


wow, never thought of that. super comparison! 24 24
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pkholla
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Post: #15   PostPosted: Wed Feb 22, 2017 1:13 pm    Post subject: Reply with quote

mohitshukla2021 wrote:
@Niftyman: I guess ..you need to improve your english language skills first...Vinay is not 'looking' for negative divergence' . He is just mentioning that it exists...
and you seems to be bigger bechara...who just come on this post to put a negative comment without actually contributing positively...you know there is one similar type in our politics...famously known as 'Pappu'

Smile Smile Smile Good un!
NM: Time and again pipul here in IC hv begged you to do something positive like starting your own thread and posting your diagnosis, prognosis, postmortem. No need to be always -ve?
Cheers, Prakash Holla
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