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

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Sep 18, 2013.

  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    holding 6400 ce average price is now 48.21 and cmp is 32.95.
    We'll see tomorrow or after eod chart.
     
  2. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Hi Sanjay,

    Is it 5800 or 5750 nifty spot is the good support ?

    Regards,
    Kiran
     
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Party time.
     
  4. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Thanks, everyday is party day frm last few days because of high volatility.
     
  5. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Nifty is looking very weak, yeasteday both DII and FII sold, Nifty closed @ 5889.75 means -2.04%.

    Things r not good for market and it seems that it will breach 5800 level too.

    Still holding my long positions which should be cover today because of weakness but this time I wanna try something very 1st time because of expiry weak.

    Let's see it will works or not.
     
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Yes expiry week can give wild moves and so try to put an order into the system and see if it gets executed.
     
  7. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Thanks,
    I will put an order and also prepare for some more plans to initiate if got chance.
     
  8. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Shabbir/Sanjay,

    Please let me know your view on nifty whether it will test 5980 , 6050 levels ...?

    Regards,
    Kiran
     
  9. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    may test 5980.
    6050 just to impossible cause no Fed or Rbi police awaited.

    so maximum 6010-6020
     
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Exactly. Too much pull back is not expected but expiry can give wild moves.
     
    saptarshi_sachin likes this.
  11. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    nifty found support at around 5900, more or less stayed around there.
     
  12. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Dear
    5900 is not a support now cause it have breached twice, u can say nifty found support @ 5850 but not 5900.
    Point to remember this levels are made by human only and some of them r actually experts with huge money they actually try to make us believe that yes this the support but that is their style of play.
    Don't force ur mind to believe what they r trying u to believe just open ur mind and try to watch behind the facts of pic. shown to u.
    It is hard to understand.
    Spend some more time in market u will surely understand what I am trying to explain ?
     
    shabbir likes this.
  13. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Sorry for late update but I was very busy .

    Bought nifty oct 5700 pe @ 94.65
    Added nifty oct 6400 ce 200 @ 20 now average price is 34.62

    May be today I am not able to update constantly.
     
  14. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Covered Nifty oct 5700 pe @ 109 profit of Rs.717.50 means 15.16% return.

    Still holding Nifty oct 6400 ce @ 34.62
     
  15. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Correction added nifty oct 6400 ce 250 @ 20
     
  16. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Sorry added 250 nifty ce 6400 not 200
     

    Attached Files:

    shabbir likes this.
  17. sanjay_sansanwal

    sanjay_sansanwal Contributor

    Joined:
    Jun 17, 2012
    Messages:
    1,282
    Likes Received:
    140
    Occupation:
    Not Important
    Nifty will take support between 5750-5810, If failed then no hope and we may see more and more down fall.
    Mark my words.
     
    saptarshi_sachin likes this.
  18. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Marked and in down trend shorting always comes with big big gains.
     
  19. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Good going! Nifty at 5833 now (below 5850 now)
    As you say, Nifty will take support between 5750-5810.
     
  20. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Nifty in narrow range now : between 5810 - 5830