1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

NIFTY - Resistance

Discussion in 'Technical Analysis' started by sujan4bw, Aug 14, 2012.

Tags:
Page 2 of 3
  1. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Wild swings expected.
     
    shabbir, Sep 24, 2012
    Share #21
  2. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Last week Nifty has resistance in range of 5710 - 5735. See below facts.

    I checked Fibboancci series in Weekly chart where 5706 is at 61.8 which is main level,

    Nifty this week should cross 5750 levels above to continue the momentum. I had attached both daily and weekly charts.

    21-09-12 - High - 5720
    22-09-12 - High - 5709
    23-09-12 - High - 5702
    24 -09-12 - High - 5672
    25-09-12 - High - 5693
    26-09-12 - High - 5735 but closed at 5699.
     

    Attached Files:

    sujan4bw, Sep 30, 2012
    Share #22
  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    So finally u learned the Fibonacci, in starting it looks very complicated but it is very simple calculation.
    Right.
    But don't think it will work on every Occasion, it can give u better result if using with some more tricks.
     
    sanjay_sansanwal, Sep 30, 2012
    Share #23
  4. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Yes finally understood and applied it on chart. Let me know the tricks to apply as well.
     
    sujan4bw, Sep 30, 2012
    Share #24
  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important

    sure I will update u time to time.
     
    sanjay_sansanwal, Sep 30, 2012
    Share #25
  6. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Shabbir, today nifty opened at 5815 and LTP is 5625. Do you know any reason why ?

    Friday effect?
     
    sujan4bw, Oct 5, 2012
    Share #26
  7. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    May be but there was lot of pump by our finance minister to get things moving for India and congress.
     
    shabbir, Oct 5, 2012
    Share #27
  8. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Trading on NSE Halted from the exchange. May be to avoid panic selling.
     
    sujan4bw, Oct 5, 2012
    Share #28
  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    There is some technical issue in nse, don't get panic.
    Wait for a moment.
    After that problem can be resolved.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #29
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    No it cannot be panic causing the stop in trades unless there is a circuit on the exchange.
     
    shabbir, Oct 5, 2012
    Share #30
  11. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thanks Sanjay for the Info. check HLL and HCL...hu much they fallen.

    HLL - 563 - 444
    HCL - 592 - 534.

    should not get it panic as there is some issue with Exchange.
     
    sujan4bw, Oct 5, 2012
    Share #31
  12. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Follow bse rates to update.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #32
  13. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Problem resolved in nse.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #33
  14. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    yes now again it is trading at 5757.
     
    sujan4bw, Oct 5, 2012
    Share #34
  15. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    HCL and HLL are trading correctly now.
     
    sujan4bw, Oct 5, 2012
    Share #35
  16. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    All's well that ends well. :D
     
    shabbir, Oct 5, 2012
    Share #36
  17. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    That is why I use mental stop loss.
    Now it is interesting to see what nse going to do about those trade which have executed in between.
    Cause there will be so many which have executed because of mental stop and fixed target.
    If nifty is going to do null & void these trades or not.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #37
  18. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    did we face this kind of situation earlier ?
     
    sujan4bw, Oct 5, 2012
    Share #38
  19. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    yes, on 15th may before.
    And if Market wants retail investors then these trades should be null and void.
    Lets see.
    I am not going to trade today.
     
    sanjay_sansanwal, Oct 5, 2012
    Share #39
  20. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Great decision and yes mental stops are always recommended and this is what I have in my ebook as well but for different reason.
     
    shabbir, Oct 5, 2012
    Share #40
Page 2 of 3