Home
Option Tools
Services Offered
Payment Details
My Services
Contact Us
Market Heatmap
Charts
Charts (Premium)
Chart Watch
JCharts (EOD)
JCharts(EOD-COMM)
HCharts (EOD)
HCharts (EOD-COMM)
Forum
Stock Lists
Screener (EOD)
Screener (EOD-Comm)
Breadth Charts
Calculators
Education
Links
FAQs
Search
Advertise Here
Charts (Old)
Login Form





Lost Password?
No account yet? Register
  iCharts Discussions

 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

Nifty View - June '16 Series
Goto page 1, 2, 3, 4  Next
 
Post new topic   Reply to topic    iCharts Discussions Forum Index -> Market Direction
View previous topic :: View next topic  
Author Nifty View - June '16 Series
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #1   PostPosted: Thu May 26, 2016 8:21 pm    Post subject: Nifty View - June '16 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 Friday (27/05/16) and beyond

Supports are at about 8053/31/10, 7997/81/50/05 and 7896 while resistances are at about 8105/22/50/75 and 8264. Unfilled gaps on the higher/lower sides are at about 8233/7934. Two +WWs can give about 8130/72 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened up with a gap and rose sharply to close strongly well above 8050, the highest close since 29/10/15. Daily volume is also strong +ve. However, there is -ve div on daily and a mild bearish div on weekly and we may see some reaction soon. Nifty must close above 8296 to continue the rally while a close below 7979 can cause a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being a long expiry and we could see high volatility.
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #2   PostPosted: Thu May 26, 2016 8:26 pm    Post subject: Reply with quote

Likely hurdle.
Back to top
View user's profile Send private message
amitagg
Black Belt
Black Belt


Joined: 01 Oct 2013
Posts: 4556

Post: #3   PostPosted: Thu May 26, 2016 11:53 pm    Post subject: Reply with quote

May be but it should target 8250/ 8300 now ( around 61.8 of fall from 9119 to 6825)

Secondly resistance would take time to fructify and Bulls won't loosen the grip yet

Any reaction would find willing buyers

Given the good rally it's too early to expect resistance since 'time' would need to be taken to take a turn back.....

Your analysis again turned right on the bullish side.
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #4   PostPosted: Fri May 27, 2016 8:37 am    Post subject: Reply with quote

amitagg wrote:
May be but it should target 8250/ 8300 now ( around 61.8 of fall from 9119 to 6825)

Secondly resistance would take time to fructify and Bulls won't loosen the grip yet

Any reaction would find willing buyers

Given the good rally it's too early to expect resistance since 'time' would need to be taken to take a turn back.....

Your analysis again turned right on the bullish side.


yes but I feel we may see some consolidation with a 200-300 fall. but more importantly, june will be for scrips, mid and small caps will outperform main indices.
Back to top
View user's profile Send private message
EssJay
White Belt
White Belt


Joined: 05 Sep 2012
Posts: 270

Post: #5   PostPosted: Fri May 27, 2016 8:52 am    Post subject: Reply with quote

Awesome Vinay, about the May series. I had one question for you. Reply whenever you're easy.

You mainly play options, right? How do you trade them? You give multiple supports and resistance levels. So how do you trade? Do you buy at successive support levels small quantities and sell at each resistance? How do you place a stoploss?
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #6   PostPosted: Fri May 27, 2016 3:02 pm    Post subject: Reply with quote

EssJay wrote:
Awesome Vinay, about the May series. I had one question for you. Reply whenever you're easy.

You mainly play options, right? How do you trade them? You give multiple supports and resistance levels. So how do you trade? Do you buy at successive support levels small quantities and sell at each resistance? How do you place a stoploss?


more or less yes but I am not disciplined so lose often. but ideally yes, they are SLs for longs and shorts really. but trend must be caught correctly otherwise only loss. Smile

however, I prefer to follow levels that appear on charts as S4 to R4. Icharts also gives levels.
Back to top
View user's profile Send private message
EssJay
White Belt
White Belt


Joined: 05 Sep 2012
Posts: 270

Post: #7   PostPosted: Fri May 27, 2016 3:07 pm    Post subject: Reply with quote

Awesome, bro. thanks.
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #8   PostPosted: Sat May 28, 2016 1:15 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 (30/05/16) and beyond

Supports are at about 8130, 8098/73/53/42/10 and 7928 while resistances are at about 8179/91, 8223/64 and 8363. Unfilled gaps on the higher/lower sides are at about 8233/8065. Two +WWs can give about 8162/8359 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened gap up again and kept rising to close strongly above 8150 and above 50 wma. Daily volume is good but weekly volume is not commensurate. Also, bearish div is becoming stronger on all TFs and we may see sharp reaction soon. Nifty must close above 8296 to continue the rally while a close below 8069 can cause a fall again. An interesting aspect to note is that 200 dema crossed over 200 dma on Friday. Though, surprisingly, I found no mention of this in any literature, historically, I found that when this happens, market remains overall bullish for about a year. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being a long expiry and we could see high volatility.[/b]
Back to top
View user's profile Send private message
katariajs
White Belt
White Belt


Joined: 25 Jan 2014
Posts: 24

Post: #9   PostPosted: Sat May 28, 2016 10:22 pm    Post subject: Reply with quote

thumbup
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #10   PostPosted: Mon May 30, 2016 7:23 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 (31/05/16) and beyond

Supports are at about 8150/24, 8094/41/28 and 8009 while resistances are at about 8205/29/50, 8312/45 and 8368. Unfilled gaps on the higher/lower sides are at about 8233/8069. Two +WWs can give about 8270/8360 (+WWs with higher targets are not mentioned as of now). (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened up with a slight gap but remained in a small range to close above 8150. Daily candle is a doji cum spinning top cum likely evening star. Latter will be confirmed if Tuesday's candle is red, preferably after a gap down open. Bearish div is becoming stronger we may see sharp reaction soon. Monday was a NR4 day and we may see a big move on Tuesday. Nifty must close above 8296 to continue the rally while a close below 8069 can cause a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being a long expiry and we could see high volatility.
Back to top
View user's profile Send private message
ridinghood
Yellow Belt
Yellow Belt


Joined: 16 Apr 2009
Posts: 724

Post: #11   PostPosted: Tue May 31, 2016 9:00 pm    Post subject: Reply with quote

Today's volume was the highest since 1st December,2015.
What does it indicate?
regds
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #12   PostPosted: Tue May 31, 2016 9:20 pm    Post subject: Reply with quote

ridinghood wrote:
Today's volume was the highest since 1st December,2015.
What does it indicate?
regds


it was mainly due to a block deal on hcltech though there was also some heavy buying in tata motors and sbin.
Back to top
View user's profile Send private message
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #13   PostPosted: Tue May 31, 2016 9:30 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 (01/06/16) and beyond

Supports are at about 8140/22/12, 8098/69/31/14 and 8009 while resistances are at about 8172/83, 8207/45/52 and 8312. Unfilled gaps on the higher/lower sides are at about 8233/8069. Two +WWs can give about 8272/8345 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8060 (if below 8182) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened up with a gap but fell to close -ve but above 8150. Daily candle is bearish engulfing with strong -ve volume and we may see some more fall. However, monthly candle is strong +ve and good volume and fall may not be major. Bearish div is becoming stronger we may see further reaction. Nifty must close above 8296 to continue the rally while a close below 8156 can cause a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being a long expiry and we could see high volatility.
Back to top
View user's profile Send private message
NU2013
White Belt
White Belt


Joined: 18 Jul 2013
Posts: 104

Post: #14   PostPosted: Tue May 31, 2016 10:53 pm    Post subject: Reply with quote

vinay28 wrote:
This is just a personal view and neither a recommendation nor a tip nor an advice for any trade.

Nifty for Wednesday (01/06/16) and beyond

Supports are at about 8140/22/12, 8098/69/31/14 and 8009 while resistances are at about 8172/83, 8207/45/52 and 8312. Unfilled gaps on the higher/lower sides are at about 8233/8069. Two +WWs can give about 8272/8345 (+WWs with higher targets are not mentioned as of now). A -WW can give about 8060 (if below 8182) (-WWs with lower targets are not mentioned as of now). An IHnS can give 8635 if nifty sustains above 8000.

Nifty opened up with a gap but fell to close -ve but above 8150. Daily candle is bearish engulfing with strong -ve volume and we may see some more fall. However, monthly candle is strong +ve and good volume and fall may not be major. Bearish div is becoming stronger we may see further reaction. Nifty must close above 8296 to continue the rally while a close below 8156 can cause a fall again. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully, this being a long expiry and we could see high volatility.


Ready for the next ride!! Very Happy
Back to top
View user's profile Send private message
ridinghood
Yellow Belt
Yellow Belt


Joined: 16 Apr 2009
Posts: 724

Post: #15   PostPosted: Wed Jun 01, 2016 7:34 am    Post subject: Reply with quote

Thanks vinay but has it anything to do with 7.9% gdp figures?
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iCharts Discussions Forum Index -> Market Direction All times are GMT + 5.5 Hours
Goto page 1, 2, 3, 4  Next
Page 1 of 4

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum


Powered by phpBB © 2001, 2005 phpBB Group

@MEMBER OF PROJECT HONEY POT
Spam Harvester Protection Network
provided by Unspam