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Nifty View - March '16 Series
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Author Nifty View - March '16 Series
vinay28
Black Belt
Black Belt


Joined: 24 Dec 2010
Posts: 11748

Post: #61   PostPosted: Thu Mar 24, 2016 12:23 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 Monday (28/03/16) and beyond

Supports are at about 7702, 7684/79/63/45 and 7629 while resistances are at about 7748/64/78/91 and 7915. Unfilled gaps on higher and lower sides are at about 7741/7604 resp. 100/200 dma is at about 7599/7902 resp. Four +WWs can give about 7742/54, 7912/63 and 8037 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 7620 (if below 7738), 7620 (if below 7610) and 7348 (if below 7590) (-WWs with lower targets are not mentioned as of now). A rising wedge BO can give about 7790/7845 unless negated by sustaining below 7705 and BD can give about 7585/30 if nifty breaks below 7690. An IHnS can give about 8010 if nifty sustains above 7590.

Nifty fell but recovered again to make a lower high but closed at a higher high above 7700. Daily candle is a hanging man but volume was strong +ve. However, there was a bearish div in last two candles. Hence, though we may see some fall, it may be limited. Strong hidden bearish div will give sharp fall only if strong selling commences. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.
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vinay28
Black Belt
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Joined: 24 Dec 2010
Posts: 11748

Post: #62   PostPosted: Mon Mar 28, 2016 7:02 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 (29/03/16) and beyond

Supports are at about 7591/74/60/49/39/22, 7486 and 7464 while resistances are at about 7654/90, 7717/44/60 and 7790. Unfilled gaps on higher and lower sides are at about 7741/7512 resp. 100 dma is at about 7594. One +WW can give about 7766 (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 7458/7314 (if below 7590) (-WWs with lower targets are not mentioned as of now). A rising wedge BD can give about 7585/30 if nifty breaks below 7690. An IHnS can give about 8010 if nifty sustains above 7590.

Nifty opened gap up but fell sharply to close above 7600. It broke 100 dma but recovered a bit to close above it. There is a mild -ve div and we may see more fall. Strong hidden bearish div will give sharp fall only if strong selling commences. Nifty must close above 7717 to resume rally while a close below 7538 may cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #63   PostPosted: Tue Mar 29, 2016 8:47 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 (30/03/16) and beyond

Supports are at about 7580/74/46, 7485 and 7458 while resistances are at about 7661/90, 7717/44 and 7760. Unfilled gaps on higher and lower sides are at about 7741/7512 resp. 100 dma is at about 7590. One +WW can give about 7659 (if above 7574) (+WWs with higher targets are not mentioned as of now). A -WW can give about 7352 (if below 7580) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8000 if nifty sustains above 7580.

Nifty fell but recovered. However, it could not hold its gain and fell again to close just below 7600. It broke 100 dma again but recovered a bit to close above it. Daily candle is an inverted hammer with strong -ve volume and hence lower levels are expected. There is a mild bullish div and we may see recovery after the fall. Nifty must close above 7717 to resume rally while a close below 7538 may cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry week.
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vinay28
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Joined: 24 Dec 2010
Posts: 11748

Post: #64   PostPosted: Wed Mar 30, 2016 9:09 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 (31/03/16) and beyond

Supports are at about 7704, 7684/69/44/30 and 7605 while resistances are at about 7760/73, 7801/08/21 and 7846. Unfilled gaps on higher and lower sides are at about 7964/7597 resp. 100/200 dma are at about 7586/7895 resp. Two +WWs can give about 7767/7967 (+WWs with higher targets are not mentioned as of now). A -WW can give about 7576 (if below 7756) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8000 if nifty continues to go up.

Nifty opened up with a big gap and didn't look back closing just short of close on 6/1 and well above 7700 and 100 dma. Daily candle is big bullish Marubuzo with strong +ve volume. There is mild -ve div it but the fall, if any, may be limited, considering strong buying happening. Nifty must now close above 7845 to continue the rally while a close below 7612 may cause more fall. Global and local eco-political events can have a bearing on how nifty moves in short term. Trade carefully being an expiry day.
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vinay28
Black Belt
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Joined: 24 Dec 2010
Posts: 11748

Post: #65   PostPosted: Thu Mar 31, 2016 11:22 am    Post subject: Reply with quote

vinay28 wrote:
vinay28 wrote:
riteshucha wrote:
Vinay, volumes have been constantly lower than the previous days y, with price making newer highs almost every day from past 5/6 trading sessions,...isn't this a sign of exhaustion???
Is current rally top made today ???
Is this mere a bear market rally?? If yes then by how much (in % terms) does a bear market rally stretch too generally speaking ??

Your thoughts...


ritesh, I am mentally prepared for seeing 7760 by 31/3 and 8250/8375 by 11/4, unless about 7480/7350/7250 are broken successively or a close below 7485 and 7361.


that was posted on 15/03. 77xx done today. Next 1-2 days could be dicey


at last 7760 conquered on 31/03. Very Happy
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riteshucha
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Joined: 19 May 2012
Posts: 1289

Post: #66   PostPosted: Thu Mar 31, 2016 11:25 am    Post subject: Reply with quote

i saw that too.... lovely vinay....

any expiry trade??? expiry above 7800??
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AMBY
Yellow Belt
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Joined: 05 Sep 2014
Posts: 503

Post: #67   PostPosted: Thu Mar 31, 2016 2:27 pm    Post subject: Reply with quote

Excellent. 2guns 2guns 2guns
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