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nifty

Discussion in 'Technical Analysis' started by nitinpandit99, Jan 19, 2014.

  1. nitinpandit99

    nitinpandit99 New Member

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    sir where do u think nifty is heading for , do u think it can break its previous high
     
    nitinpandit99, Jan 19, 2014
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  2. madhusudhanps

    madhusudhanps Member

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    In simple analysis terms I view as Nifty locked in a box range of 6130 to 6350 from 1 month. If you want clear direction you need to wait for breakout out of the box; if you are an aggressive trader you can try to trade within this ranges.
    Shabbir your views please.
     

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    madhusudhanps, Jan 19, 2014
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    Nifty has to cross/be above 6330 for higher levels of 6400/6425. That didn't happen last week and Nifty has moved lower, below 6300.

    On the downside, Nifty has strong support@ 6170, if broken, then next support @6110 which is very strong. Till now, neither breakout (above 6330) nor breakdown has happened.

    I do not see 6110 getting broken now in Jan very quickly - may be I'm wrong but I feel so - if by chance broken, then 6020-6000 will be on the cards for sure - on the higher side, if Nifty manages to cross 6330 and hold, then we can see 6400-6425.

    Shabbir - Please share your views.
     
    saptarshi_sachin, Jan 19, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Hi Nitin,

    It was a pleasure talking to you over the phone and where Nifty is headed is hardly anything that concern me apart from the fact that I need to be doing ELSS investment and I don't see too much upside from here. Shared the same here - http://diytechnicalanalysis.com/members/showthread.php?p=8164#post8164

    What I care is the stock that we invest into should be where we should be making money.
     
    shabbir, Jan 19, 2014
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  5. madhusudhanps

    madhusudhanps Member

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    Nifty on verge of breakout in multiple patterns.
    Can expect big moves in few days
     

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    madhusudhanps, Jan 22, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Awesomely beautiful
     
    shabbir, Jan 23, 2014
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  7. kaisarimam96

    kaisarimam96 Member

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    I agree with view of Shabbir Trading can not be predictive but it has to be reactive. nobody knows where market will go. If somebody says i know market direction he is not honest. I feel best trade in market is to sell short options Put and Call 6300 and collect premium. In range market this may be best profitable trade
     
    kaisarimam96, Jan 23, 2014
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  8. madhusudhanps

    madhusudhanps Member

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    Reverse breakout from Ascending Triangle pattern But still inside box range.
     

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    madhusudhanps, Jan 27, 2014
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  9. saptarshi_sachin

    saptarshi_sachin Responder

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    6170 has been broken.

    Now, watch out for 6110 - crucial/strong support
     
    saptarshi_sachin, Jan 28, 2014
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  10. madhusudhanps

    madhusudhanps Member

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    Breakdown in all Chart Patterns in Nifty.
    If closes below 6110 then next down target is 5980.
     

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    madhusudhanps, Jan 29, 2014
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  11. verenmitter2001

    verenmitter2001 Member

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    Occupation:
    IT, Education & Ex-Army officer
    Hi
    Dow down 150 points and sgx nifty down 90 points
    Nifty break down

    Veren
     
    verenmitter2001, Jan 29, 2014
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  12. shabbir

    shabbir Administrator Staff Member

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    Finally :D
     
    shabbir, Jan 29, 2014
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  13. madhusudhanps

    madhusudhanps Member

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    From past three days Nifty showing strong strength in bullishness and recovering from day lows and closing higher than open and previous close prices. I guess short term trend is changing to upside. Even Falling Resistance line of Highs is broken today.
    Shabbir your views please
     
    madhusudhanps, Feb 6, 2014
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  14. shabbir

    shabbir Administrator Staff Member

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    I prefer to wait to conclude a trend reversal.
     
    shabbir, Feb 6, 2014
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