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Nifty View - Jan '17 Series
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Author Nifty View - Jan '17 Series
amexhui
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Joined: 26 May 2009
Posts: 45

Post: #16   PostPosted: Sat Jan 21, 2017 6:45 pm    Post subject: Reply with quote

That Sir is the very nature of the market. Divergences .. hidden or otherwise are fairly common ... when and if to act on them is determined by skill and experience .. something for both the bears and the bulls .. how else can either justify their trading behavior Laughing

But why shoot the messenger ?

Obviously, this message of yours by itself is not why I posted my comment. Last month's thread also had a critical comment.

Cheers !

Niftyman wrote:
amexhui wrote:
Sir, Do you really need to make negative comments in this thread every other month without contributing anything to the discussion ?

Please start your own thread to discuss market studies of choice and help the community. Thanks

Niftyman wrote:
Isnt it funny

On every rise you see bearish divergence or hidden divergence
On every fall you find bullish divergence or hidden divergence

Laughing Laughing

Ooo dear, come on
Comment on what I have posted and not other wise.
Comment If I have posted any wrong.

Have I commented any wrong
He will always find a contra divergence in daily chart, if there is no divergence on a daily chart, he will find a contra divergence in weekly chart. Thank god, he didnt look for monthly and yearly charts for contra divergence. Laughing Laughing
Smile
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AjitS
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Joined: 21 Aug 2013
Posts: 138

Post: #17   PostPosted: Sun Jan 22, 2017 10:32 am    Post subject: Reply with quote

Niftyman wrote:
Isnt it funny

On every rise you see bearish divergence or hidden divergence
On every fall you find bullish divergence or hidden divergence

Laughing Laughing


Criticism and emotions apart, Is such occurrence (opposite side divergence or hidden divergence) due to market being within a range, (and hence possibly opposite side divergence develops once market reaches closer to limit on that side)?
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #18   PostPosted: Sun Jan 22, 2017 7:53 pm    Post subject: Reply with quote

I can not and won't waste time to educate those who come with a bias and/or are ignorant and yet arrogant and find great pleasure commenting sarcastically on other's posts. the div is easy to see on charts but one needs to open one's eyes, provided one has basic knowledge.
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voyager
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Joined: 05 Sep 2011
Posts: 63

Post: #19   PostPosted: Sun Jan 22, 2017 9:22 pm    Post subject: Reply with quote

In any one's regular topic, it is not gentle to make sarcastic remarks. prophecy is not a fun, it is devotion, love & something which takes a lot of time. If one is devoting him, It should be acknowledged. If any difference of opinion is, it should be well analytical and gentle.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #20   PostPosted: Mon Jan 23, 2017 7:14 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 (24/01/17) and beyond

Supports are at about 8371/65/44/35/00 and 8290 while resistances are at about 8419/35/61 and 8510. Unfilled gaps on higher/lower sides are at about 8436/8288 resp. 100/200 dsma are at about 8428/8318 resp. A +WW can give about 8446 (if above 8380) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8540 if nifty sustains above 8325.

Nifty opened gap down but rose sharply to close strongly +ve but below 8400. Daily volume is good +ve. As mentioned earlier, nifty must cross 8461 to enable higher levels. Nifty must close above 8436 to begin while a close below 8349 can start a fresh 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 a truncated expiry week.
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apka
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Joined: 13 Dec 2011
Posts: 6077

Post: #21   PostPosted: Mon Jan 23, 2017 9:50 pm    Post subject: Reply with quote

Niftyman wrote:
Isnt it funny

On every rise you see bearish divergence or hidden divergence
On every fall you find bullish divergence or hidden divergence

Laughing Laughing


Must be pretty boring for you to look at charts as you rather watch others' comments closely and post your observations on them rather than the market.

It's easier to be critical than to be correct and do something yourself, especially online because you think there wouldn't be any consequences due to online anonymity. That's a coward's route and probably why you choose to practice running your mouth on other's doings or findings than presenting your view with an explanation.

Quote:
Fools can find fault, but they can't act anymore wisely. - Langbien

.
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pkholla
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Joined: 04 Nov 2010
Posts: 2890

Post: #22   PostPosted: Tue Jan 24, 2017 3:34 pm    Post subject: Candle Snuffer Chimta! Reply with quote

Niftyman wrote:
Isnt it funny
On every rise you see bearish divergence or hidden divergence
On every fall you find bullish divergence or hidden divergence
Laughing Laughing

Niftyman: You are funny indeed. Ha ha ha ha ha!
As advised by many ICians INCL ME, how about putting your talent to running your predictions in your own thread
instead of
ACTING LIKE CANDLE- SNUFFER- CHIMTA?
Cheers, Prakash Holla
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #23   PostPosted: Tue Jan 24, 2017 7:22 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 Wednesday (25/01/17) and beyond

Supports are at about 8460/44/20/09, 8396/88/75/55/35 and 8315 while resistances are at about 8510/24/40/53 and 8570. Unfilled gaps on higher/ lower sides are at about 8526/8391 resp. 100 dsma is at about 8426. Two +WWs can give about 8494 and 8655 (if above 8420) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8414 (if below 8455) (-WWs with lower targets are not mentioned as of now). A IHnS can give about 8540. Two rising wedges can give about 8446/8390 if nifty sustains below 8476/60 resp.

Nifty opened gap up and rose sharply to close strongly +ve well above 8450 and also above 100dsma. Daily candle is a bullish Marubuzo with strong +ve volume. However, there is mild -ve div and we may see some reaction or consolidation unless RSI crosses 67.40 after a higher high. Note that hidden bearish div continues but just as hidden bullish div which lasted for long did not give results till sustained buying resumed, bearish div will not give results unless sustained selling commences. Nifty must close above 8526 to continue the rally while a close below 8435 can start a fresh 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 a expiry day.
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pkholla
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Joined: 04 Nov 2010
Posts: 2890

Post: #24   PostPosted: Wed Jan 25, 2017 12:50 pm    Post subject: MODI-fication Reply with quote

Vinay: Where is the usual pre- budget optimism and the sharp ramp up in prices coupled with higher volumes?????
NF seems to be coasting along smoothly and even ignoring this month NF close?
All habits/ rules MODI-fied by 9-11 demon. circus?
Smile
Cheers, Prakash Holla
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #25   PostPosted: Wed Jan 25, 2017 2:42 pm    Post subject: Re: MODI-fication Reply with quote

pkholla wrote:
Vinay: Where is the usual pre- budget optimism and the sharp ramp up in prices coupled with higher volumes?????
NF seems to be coasting along smoothly and even ignoring this month NF close?
All habits/ rules MODI-fied by 9-11 demon. circus?
Smile
Cheers, Prakash Holla


Prakash, just now I sold all my calls and added March 8000pe as hedge for investments. I will now go long only after seeing budget effects.
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vinay28
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Posts: 11748

Post: #26   PostPosted: Wed Jan 25, 2017 7:26 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 (27/01/17) and beyond

Supports are at about 8576/60/40/20, 8495/79/61/45 and 8430 while resistances are at about 8655 and 8695. Unfilled gaps on higher/ lower sides are at about 8626/8475 resp. A +WW can give about 8670 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up again and rose sharply to close strongly +ve above 8600. Daily candle is again a bullish Marubuzo with strong +ve volume and we may see higher levels. However, the hidden bearish div persists and will be killed only at 8969 to begin with. So, a major fall will come only if sustained selling resumes. On a daily basis, nifty must close above 8638 to continue the rally while a close below 8475 can start a fresh fall. On a weekly basis, a close above 8583 is a must while a close above 8698 will be bullish. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term.
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AMBY
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Joined: 05 Sep 2014
Posts: 503

Post: #27   PostPosted: Wed Jan 25, 2017 10:02 pm    Post subject: Reply with quote

Thanks for the levels.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #28   PostPosted: Fri Jan 27, 2017 7:13 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 (30/01/17) and beyond

Supports are at about 8630/24/00, 8584/65 and 8490 while resistances are at about 8650/76/92, 8715 and 8758. Unfilled gaps on higher/ lower sides are at about 8692/8602 resp. Two +WWs can give about 8689 and 8704 (if above 8635) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8480 if nifty breaks and sustains below 8615.

Nifty opened up with a small gap and made a higher high but later reacted a bit to close +ve below 8650. Daily candle is like an inverted hammer with strong +ve volume and weekly candle is like a Marubuzo but with average +ve volume. Hence, further rise, if any, may be limited. The persisting hidden bearish div gets killed only at 8969 to begin with. So, a major fall will come only if sustained selling resumes. Nifty must close above 8709 to continue the rally while a close below 8615 can start a fresh fall. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, there being an important budget midway in the week.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #29   PostPosted: Mon Jan 30, 2017 7:07 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 (31/01/17) and beyond

Supports are at about 8618/05, 8585/54/40 and 8470 while resistances are at about 8645/60/77/90 and 8775. Unfilled gaps on higher/lower sides are at about 8692/8602 resp. Two +WWs can give about 8691 and 8706 (if above 8633) (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8485 if nifty sustains below 8635.

Nifty opened down with a small gap and remained in a narrow range to close mildly -ve below 8650. Daily candle is a bearish Harami Cross with strong -ve volume (nifty fut candle is, however, an inverted hammer) and we may see further fall. The persisting hidden bearish div can give a major fall only if sustained selling resumes. On daily/monthly basis nifty must close above 8642/26 resp. to continue the rally while a close below 8602/11 resp. can start a fresh fall. Monday was a NR6 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, Wednesday being an important budget day.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #30   PostPosted: Tue Jan 31, 2017 7:30 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 (01/02/17) and beyond

Supports are at about 8540/25/00, 8495/83/59/45/15/07, 8399 and 8339 while resistances are at about 8590, 8620/40/57/70/89 and 8775. Two unfilled gaps on higher/lower sides are at about 8692-33/8475-8391 resp. Two +WWs can give about 8624 (if above 8571) and 8689 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8338 (if below 8550) and 8318 (if below 8480) (-WWs with lower targets are not mentioned as of now). A rising wedge can give about 8485.

Nifty opened down with a small gap and tanked to close strongly -ve and well below 8600. The harami cross of Monday thus gave its result. Also, selling seems to have begun. Daily candle is a bearish Marubuzo with strong -ve volume and we may see further fall. However, monthly candle and volume are good +ve and fall may not be major unless there is sustained selling. Nifty must close above 8642/8709 to continue the rally while a close below 8543/8433 resp. can cause more damage. Global and local eco-geo-political events and liquidity can have a bearing on how nifty moves in short term. Trade carefully, as huge range and volatility are expected on the important budget day.
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