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Nifty View - Oct '16 Series
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Author Nifty View - Oct '16 Series
vinay28
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Post: #16   PostPosted: Fri Oct 14, 2016 8:43 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 (17/10/16) and beyond

Supports are at about 8576/59/37/22 and 8452 while resistances are at about 8612/37/71/91 and 8715. 100 dsma/dema are at about 8494/88 resp. Unfilled gaps on higher/lower side are at about 8709/8467 resp. Two +WWs can give about 8787 (if above 8635) and 8879 (if above 8553) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8515 (if below 8604), 8255 and 7895 (if below 8568) (-WWs with lower targets are not mentioned as of now). A HnS can give about 8330 once nifty sustains below 8559.

Nifty opened gap up and remained in a narrow range before closing -ve and below 8600. It seems to have taken support from 20 wsma. Daily candle is a low-price Harami implying consolidation before next fall. However, it is also a hammer with strong +ve volume implying higher level before fall starts again. Weekly candle is bearish again but volume is not commensurate implying next fall may not be major. Nifty must close above 8709 to begin with while a close below 8572/44/08 can be painful. 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: #17   PostPosted: Mon Oct 17, 2016 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 (18/10/16) and beyond

Supports are at about 8498/76/52/35 and 8416 while resistances are at about 8554/75/91, 8627/42/69 and 8715. 100 dsma/dema are at about 8501/8489 resp. Unfilled gaps on higher/lower side are at about 8709/8467 resp. Two +WWs can give about 8618 (if above 8522) and 8627 (if above 8535) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8255 and 7890 (if below 8570) (-WWs with lower targets are not mentioned as of now). A HnS can give about 8320 once nifty sustains below 8555.

Nifty opened gap up but tanked to close strongly -ve and above 8500. Daily volume is not commensurate with the range and further fall may be limited. Hidden bullish div can give sharp reversal, but only if sustained buying resumes. Nifty must close above 8592 to begin with while a close below 8508 can be painful. 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: #18   PostPosted: Tue Oct 18, 2016 9:51 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 (19/10/16) and beyond

Supports are at about 8637/21, 8591/60/23/07 and 8494 while resistances are at about 8709/26/47/72, 8831 and 88435. 50 dsma/dema are at about 8705/8655 resp. Unfilled gaps on higher/lower side are at about 8709/8520 resp. Two +WWs can give about 8805 (if above 8609) and 8860 (if above 8500) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8265 (if below 8800) and 7895 (if below 8573) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up and didn't look back, rising sharply to to close strongly +ve and above 8650 and above 50dema. Daily candle is big, bullish Marubuzo with good +ve volume and we may see further rise. Hidden bullish div can give sharp reversal if sustained buying continues. Nifty must close above 8716 to begin with while a close below 8520 can cause pain. 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: #19   PostPosted: Wed Oct 19, 2016 7:11 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 (20/10/16) and beyond

Supports are at about 8642/21, 8597/62/38/26/05 and 8490 while resistances are at about 8696, 8715/30/75/96 and 8831. 50 dsma/dema are at about 8707/8655 resp. Unfilled gaps on higher/lower side are at about 8709/8520 resp. Two +WWs can give about 8817 (if above 8611) and 8910 (if above 8553) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8265 (if below 8796) and 7895 (if below 8574) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up and fell to close -ve but above 8650 and above 50dema. Daily candle is thrusting with strong -ve volume and we may see further fall. However, thrusting candle is not bearish and fall may be limited before next rally. Hidden bullish div can give sharp reversal if sustained buying continues. Nifty must close above 8716 to begin with while a close below 8591 can start a 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: #20   PostPosted: Thu Oct 20, 2016 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 Friday (21/10/16) and beyond

Supports are at about 8673/55/21, 8561/41 and 8513 while resistances are at about 8705/15/29/53/89, 8806/31 and 8871. 50 dsma/dema are at about 8710/8656 resp. Unfilled gaps on higher/lower side are at about 8832/8659 resp. Two +WWs can give about 8833 (if above 8603) and 8923 (if above 8552) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8265 (if below 8800) and 7895 (if below 8580) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8845 if nifty breaks above 8724.

Nifty opened gap up and remained in a narrow range to to close +ve and above 8650 and 50dema. Daily candle is a doji cum spinning top with strong +ve volume and we may see further rise. Hidden bullish div can give sharp reversal if sustained buying continues. On daily/weekly basis, nifty must close above 8716/8698 to begin with while a close below 8659/8611 can start a 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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amitagg
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Post: #21   PostPosted: Thu Oct 20, 2016 7:44 pm    Post subject: Reply with quote

Hi

What's the broader view

Going below 8400 /8500 first to 7800

Or

Holding 8400/8500 or Your some key level and hitting highs

Or

Going beyond highs to 9300/10200

What's the likely move after the US elections and reinstatement in Nov-Jan !
And money flow and rate adjustment and etc etc

( since u change monthly threads earlier important comments gets missed and become invisible and difficult to locate)
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vinay28
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Post: #22   PostPosted: Fri Oct 21, 2016 10:18 pm    Post subject: Reply with quote

amitagg wrote:
Hi

What's the broader view

Going below 8400 /8500 first to 7800

Or

Holding 8400/8500 or Your some key level and hitting highs

Or

Going beyond highs to 9300/10200

What's the likely move after the US elections and reinstatement in Nov-Jan !
And money flow and rate adjustment and etc etc

( since u change monthly threads earlier important comments gets missed and become invisible and difficult to locate)


I am very bullish, expecting 9400 by end dec. However, I always go by certain levels being broken and hence close below 8508 can be troublesome. Look at -WW levels posted and these are already triggered. That's why I am always hedged lately for any black swan event.
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vinay28
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Post: #23   PostPosted: Fri Oct 21, 2016 10:25 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 (24/10/16) and beyond

Supports are at about 8682/61/45/34, 8562/63/44 and 8513 while resistances are at about 8720/32/45, 8810/30 and 8871. 50 dsma/dema are at about 8710/8666 resp. Unfilled gaps on higher/lower side are at about 8832/8520 resp. Two +WWs can give about 8833 (if above 8596) and 8930 (if above 8552) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8635 (if below 8730) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8845 if nifty breaks above 8724. A HnS can give about 8610 if nifty breaks below 8655.

Nifty opened gap up and fell but recovered to close -ve but just below 8700 and above 50dema. Daily candle is a hanging man with good -ve volume but weekly candle is bullish with strong +ve volume. Hence, any fall may be limited and we may see further rise. Hidden bullish div can give sharp reversal only if sustained buying continues. Nifty must close above 8716 to begin with while a close below 8659 can give further 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: #24   PostPosted: Mon Oct 24, 2016 7:32 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 (25/10/16) and beyond

Supports are at about 8693/78/52/33, 8588/52 and 8531 while resistances are at about 8717/41/68/83, 8825 and 8873. 50 dsma/dema are at about 8710/8655 resp. Unfilled gaps on higher/lower side are at about 8832/8520 resp. Two +WWs can give about 8853/8943 (if above 8584) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8640/8524 (if below 8733) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8840 if nifty breaks above 8718.

Nifty opened gap up and remained in a small range to close flat but above 8700 and just below 50dsma. Daily candle is a doji with good +ve volume and we may see further rise. Hidden bullish div can give sharp reversal only if sustained buying continues. Nifty must close above 8716 to begin with and preferably above 8770 while a close below 8693 can give further 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: #25   PostPosted: Tue Oct 25, 2016 9:55 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 (26/10/16) and beyond

Supports are at about 8678/57/28, 8581/62/52/30 and 8520 while resistances are at about 8717/26/57/83, 8828 and 8873. 50 dsma/dema are at about 8710/8661 resp. Unfilled gaps on higher/lower side are at about 8832/8520 resp. Two +WWs can give about 8718, 8787 (if above 8691) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8615 (if below 8735) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8840 if nifty breaks above 8718.

Nifty opened gap up but fell to close -ve below 8700 but above 50dema. Daily volume is strong -ve and we may see further fall. Hidden bullish div can give sharp reversal only if sustained buying continues. Nifty must close above 8716 to begin with while a close below 8659 can give further 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: #26   PostPosted: Wed Oct 26, 2016 9:37 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 (27/10/16) and beyond

Supports are at about 8594/83/64/49 and 8450 while resistances are at about 8628/47/63/97, 8717 and 8783. 50 dsma/dema are at about 8711/8659 resp. Unfilled gaps on higher/lower side are at about 8692/8520 resp. Two +WWs can give about 8648 (if above 8613) and 8730 (if above 8629) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8260 (-WWs with lower targets are not mentioned as of now).

Nifty opened gap down and fell further to close -ve but just above 8600 and below 50dema. Daily volume is strong -ve and we may see further fall. Hidden bullish div can give sharp reversal only if sustained buying continues. Nifty must close above 8709 to begin with while a close below 8520/08 can give further 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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pkholla
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Post: #27   PostPosted: Thu Oct 27, 2016 2:36 pm    Post subject: Today is NF/BNF expiry? Reply with quote

Vinay: Eh kya ho raha hai? NF acting like already expired hours before ETD of 1530? And now we are watching murda?
Smile
No volume, movement, action, camera???
What according to you may be responsible for the TOTAL APATHY?
No cheers, Prakash Holla
PS I hv stopped trading NFnO BUT ... still depend on its moves 2 plan my single scrip cash purchases/ sales
PPS One small bit of good news for those who hv been patient: Lovable Bra n Panty has become active again with good results, sharp up move, volumes
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vinay28
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Post: #28   PostPosted: Thu Oct 27, 2016 6:49 pm    Post subject: Re: Today is NF/BNF expiry? Reply with quote

pkholla wrote:
Vinay: Eh kya ho raha hai? NF acting like already expired hours before ETD of 1530? And now we are watching murda?
Smile
No volume, movement, action, camera???
What according to you may be responsible for the TOTAL APATHY?
No cheers, Prakash Holla
PS I hv stopped trading NFnO BUT ... still depend on its moves 2 plan my single scrip cash purchases/ sales
PPS One small bit of good news for those who hv been patient: Lovable Bra n Panty has become active again with good results, sharp up move, volumes


nifty is on inflexion point I feel
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apka
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Post: #29   PostPosted: Thu Oct 27, 2016 10:03 pm    Post subject: Reply with quote

There are too many discussions online going around about how Nifty is trading at PE ratio between 23-24 and as a result we might see corrections for the poor okay results which further increase the PE ratio.
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