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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: #1   PostPosted: Thu Sep 29, 2016 9:47 pm    Post subject: Nifty View - Oct '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 (30/09/16) and beyond

Supports are at about 8583/52, 8496/40 and 8405 while resistances are at about 8653/68/94, 8709/32/45/ and 8764. 50 dsma/dema are at about 8688/8651. Unfilled gaps on higher/lower side are at about 8832/8467 resp. Two +WWs can give about 8770 (if above 8642) and 8812 (if above 8665) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8523/8490 (if below 8720) and 8265 (if below 8724) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a big gap but tanked on domestic news to close strongly -ve below 8600. Daily candle is big, bearish bullish Marubuzo with strong -ve volume and we may see further fall. There is now a hidden bullish div on daily chart but only strong and consistent buying can now take the market up. Friday's close is very crucial being daily/weekly/monthly/ quarterly close. On daily/weekly/monthly basis, nifty must close above 8707/8684/8639 (last preferably above 8787) resp. while a close below 8508/8572/8532 resp. 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: #2   PostPosted: Fri Sep 30, 2016 8:24 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 (03/10/16) and beyond

Supports are at about 8598/78/62/53/39/16 and 8452 while resistances are at about 8633/44/66/90, 8715/35/47 and 8796. 50 dsma/dema are at about 8689/8650. Unfilled gaps on higher/lower side are at about 8832/8467 resp. Two +WWs can give about 8819/28 (if above 8653 (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8521/8488 (if below 8722) and 8270 (if below 8738) (-WWs with lower targets are not mentioned as of now).

Nifty opened down with a slight gap but rose to close +ve above 8600. There is +ve div and daily volume is strong +ve and hence we may see further rise. However, weekly/monthly candles are bearish and volumes strong -ve. Hence, any rise will be limited. There is now a hidden bullish div on daily chart but only strong and consistent buying can only take the market up. Nifty must close above 8707/16 while a close below 8591/72/44/08 can be increasingly 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: #3   PostPosted: Tue Oct 04, 2016 7:57 am    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 (04/10/16) and beyond

Supports are at about 8719/09, 8691/56/01, 8593 and 8555 while resistances are at about 8703/65/84/98, 8819/41 and 8889. Unfilled gaps on higher/lower side are at about 8832/8467 resp. Two +WWs can give about 8825/39 (if above 8683) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8520/8486 (if below 8651) and 8265 (if below 8740) (-WWs with lower targets are not mentioned as of now).

Nifty opened up with a big gap and continued to rise to close strongly +ve well above 8700. However, weekly/monthly candles were bearish and volumes strong -ve. Hence, any further rise may be limited. The hidden bullish div can give results only by strong and consistent buying can only take the market up. Nifty must close above 8809 while a close below 8707 can start a fall again. 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: Tue Oct 04, 2016 9:43 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 Wednesday (05/10/16) and beyond

Supports are at about 8759/39/09, 8691/56 and 8604 while resistances are at about 8793, 8803/16/29/43/71/83 and 8916. 50 dsma/dema are at about 8700/8658. Unfilled gaps on higher/lower side are at about 8832/8611 resp. A +WW can give about 8844 (if above 8689) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8719/8685 (if below 8779) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but remained in a small range before closing flat but well above 8700. Daily candle is a doji and like a hanging man but with strong +ve volume. Hence we may see further rise. However, weekly/ monthly candles were bearish and volumes strong -ve. Hence, any further rise may be limited. A mild hidden bearish div gets killed at 8801. The hidden bullish div can give results only by strong and consistent buying can only take the market up. Tuesday was a NR15 day and we may see a big range soon. Nifty must close above 8868 while a close below 8738 can start a fall again. 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: Wed Oct 05, 2016 8:36 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 (06/10/16) and beyond

Supports are at about 8709, 8691/82/56/09 and 8557 while resistances are at about 8754/65, 8803/10/42/71 and 8919. 50 dsma/dema are at about 8703/8661. Unfilled gaps on higher/lower side are at about 8832/8611 resp. Three +WWs can give about 8837/61 (if above 8746) and 8852 (if above 8729) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8705 (if below 8780) and 8265 (if below 8746) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell to close strong -ve but well above 8700. Daily volume is not commensurate with range. Though there is mild -ve div, further fall, if any, may be limited. But weekly/monthly candles were bearish and volumes strong -ve. Hence, only a strong buying can take nifty up. Nifty must close above 8809 to begin with while a close below 8706 can start a fall again. 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: Wed Oct 05, 2016 8:42 pm    Post subject: Reply with quote

Tomorrow 6102016, which is a unique number. last 2 occasions it happened there were 100+ pts rally on 5102015 and 3102013. similar dates in 2014, 2012 are holidays
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amitagg
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Post: #7   PostPosted: Wed Oct 05, 2016 9:04 pm    Post subject: Reply with quote

U are a statistician cum númerogist. So unique combination of numbers
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sureenderkalra
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Post: #8   PostPosted: Wed Oct 05, 2016 9:20 pm    Post subject: Reply with quote

vinay28 wrote:
Tomorrow 6102016, which is a unique number. last 2 occasions it happened there were 100+ pts rally on 5102015 and 3102013. similar dates in 2014, 2012 are holidays


Indeed it's a unique no. But you are talking about when year as well as date was having odd no. Tomorrow we will be dealing with even no. year and date. Result might be different. what's your view?
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vinay28
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Post: #9   PostPosted: Thu Oct 06, 2016 8:25 am    Post subject: Reply with quote

amitagg wrote:
U are a statistician cum númerogist. So unique combination of numbers


Smile hell no, just an observation
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vinay28
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Post: #10   PostPosted: Thu Oct 06, 2016 8:28 am    Post subject: Reply with quote

sureenderkalra wrote:
vinay28 wrote:
Tomorrow 6102016, which is a unique number. last 2 occasions it happened there were 100+ pts rally on 5102015 and 3102013. similar dates in 2014, 2012 are holidays


Indeed it's a unique no. But you are talking about when year as well as date was having odd no. Tomorrow we will be dealing with even no. year and date. Result might be different. what's your view?


yes, indeed. I can't predict based on this but somehow I am bullish unless nifty sustains below 8674 for long, though a big -WW looms large below 8745 itself.
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vinay28
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Post: #11   PostPosted: Thu Oct 06, 2016 8:33 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 (07/10/16) and beyond

Supports are at about 8690/66/56/26/12/00, 8582/70 and 8558 while resistances are at about 8728/67/81/97, 8812/25/46 and 8871. 50 dsma/dema are at about 8705/8663. Unfilled gaps on higher/lower side are at about 8832/8611 resp. Two +WWs can give about 8868 (if above 8676) and 8885 (if above 8723) (+WWs with higher targets are not mentioned as of now). Two -WWs can give about 8667 (if below 8811) and 8265 (if below 8750) (-WWs with lower targets are not mentioned as of now). An IHnS can give about 8945 if nifty breaks above 8813.

Nifty opened gap up but fell to close strong -ve but just above 8700. Daily volume is good -ve and we may see some more fall. Also, weekly/monthly candles were bearish and volumes strong -ve. Hence, only a strong buying can take nifty up. Nifty must close above 8770 to begin with while a close below 8706 can start a fall again though on weekly basis, a close above 8684 is adequate. 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: #12   PostPosted: Fri Oct 07, 2016 7:25 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 (10/10/16) and beyond

Supports are at about 8663/43/32/14/06, 8580 and 8558 while resistances are at about 8715/29/58/77, 8805 and 8871. 50 dsma/dema are at about 8707/8664. Unfilled gaps on higher/lower side are at about 8832/8611 resp. Two +WWs can give about 8870 (if above 8674) and 8887 (if above 8721) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8265 (if below 8750) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell again to close -ve below 8700 and also below 50 dsma. Daily candle is like a hammer but with good -ve volume. Weekly candle is an inverted hammer with strong +ve volume but there is a mild hidden bearish div, which gets killed above 8810. Hence, some more fall is likely. Only a strong and consistent buying can take nifty up. Nifty must close above 8770 to begin with while a close below 8591 can be painful. 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 week.
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apka
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Post: #13   PostPosted: Mon Oct 10, 2016 5:08 pm    Post subject: Reply with quote

http://www.moneycontrol.com/news/fii-view/bankamerica39s-recession-warning-this-market-is-scary_7598961.html
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vinay28
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Post: #14   PostPosted: Tue Oct 11, 2016 6:51 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 Thursday (13/10/16) and beyond

Supports are at about 8690/75/16 and 8538 while resistances are at about 8716/23/38/64/94, 8871 and 8888. 50 dsma/dema are at about 8709/8666. Unfilled gaps on higher/lower side are at about 8832/8611 resp. Two +WWs can give about 8872 (if above 8672) and 8889 (if above 8719) (+WWs with higher targets are not mentioned as of now). A -WW can give about 8265 (if below 8755) (-WWs with lower targets are not mentioned as of now).

Nifty opened gap up but fell again to close -ve but above 8700 and also below 50 dsma. But daily volume is good +ve. Hence, further fall may be limited. Only a strong and consistent buying can take nifty up. Nifty must close above 8770 to begin with while a close below 8591 can be painful. 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 week.
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vinay28
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Post: #15   PostPosted: Thu Oct 13, 2016 8:54 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 Friday (14/10/16) and beyond

Supports are at about 8558/38/13, 8462 and 8452 while resistances are at about 8595, 8602/22/69, 8704/16/42 and 8752. 100 dsma/dema are at about 8487. Unfilled gaps on higher/lower side are at about 8709/8467 resp. A +WW can give about 8868 (if above 8554) (+WWs with higher targets are not mentioned as of now). Three -WWs can give about 8484 (if below 8728), 8255 and 7895 (if below 8513) (-WWs with lower targets are not mentioned as of now). A HnS can give about 8330 once nifty sustains below 8558.

Nifty opened gap down and tanked to close strongly -ve and well below 8600. Volume is strong -ve and we may see further fall. Hidden bullish div can give results only with a strong and consistent buying. On daily/weekly basis, nifty must close above 8684/8709 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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