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Nifty-50

Discussion in 'Technical Analysis' started by jignesh_acharya, Dec 28, 2014.

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  1. jignesh_acharya

    jignesh_acharya Active Member

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    Nifty has made the Head and Shoulders Pattern on the daily chart and on weekly chart it shows the bearish Pressure zone.

    It seems that nifty can go to 8000 and below level, what do you think?
     

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    Last edited: Dec 28, 2014
    jignesh_acharya, Dec 28, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    I see nifty as range bound between 7950 and 8350. Break on either side may decide things further.
     
    shabbir, Dec 29, 2014
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  3. yankeedin

    yankeedin Responder

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    seems like Nifty will move up again to 8600 if it stays above 8350.
     
    yankeedin, Jan 4, 2015
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  4. shabbir

    shabbir Administrator Staff Member

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    Looks quite likely.
     
    shabbir, Jan 4, 2015
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  5. jignesh_acharya

    jignesh_acharya Active Member

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    It has breached the 61.8 level from where it has retraced earlier. I would like to see tomorrow 's high low, which will decide further
     
    jignesh_acharya, Jan 4, 2015
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  6. smuthukri

    smuthukri Active Member

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    Biggest fall ever i seen in single day
     
    smuthukri, Jan 6, 2015
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  7. jignesh_acharya

    jignesh_acharya Active Member

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    Yes closed below 100 DMA...
     
    jignesh_acharya, Jan 6, 2015
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  8. shabbir

    shabbir Administrator Staff Member

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    2015 looks like it would behave what I anticipated in 2014. Late by a year.
     
    shabbir, Jan 7, 2015
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  9. saptarshi_sachin

    saptarshi_sachin Responder

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    This is fii game going on. Nothing of that sort happened to trigger a mkt fall of 800 pts in single session. They want to destroy weak hands. Its all about perception. Big fish's work is to make people panic. Mkt will be rangebound for sometime.... It should be all right after sometime...
     
    saptarshi_sachin, Jan 7, 2015
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  10. shabbir

    shabbir Administrator Staff Member

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    I will not assume it will be right after sometime and be very scary and keep the money in the sideline and let them play and I be better watching it.
     
    shabbir, Jan 8, 2015
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  11. shabbir

    shabbir Administrator Staff Member

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    On top of that things don't look too good globally either. See http://fortune.com/2015/01/06/stock-market-suck-2015/
     
    shabbir, Jan 8, 2015
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  12. saptarshi_sachin

    saptarshi_sachin Responder

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    Yes we should be cautious on what is happening... And ensure that money is safe... Nice informative article Shabbir!
     
    Last edited: Jan 8, 2015
    saptarshi_sachin, Jan 8, 2015
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  13. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Jan 8, 2015
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  14. saptarshi_sachin

    saptarshi_sachin Responder

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    Now you see I told earlier that fii game going on and market falling 800 points in single day is not what can be a consequence of bad global events. Markets have bounced back.
    Mr. Rajan is the cool dude and offered the lollipop to fii.

    I do agree that we should remain cautious on markets at this hour where many global events are taking place at the same time and markets can react -ve ly to some.

    As of now, something or the other has kept Indian markets afloat & outperforming other markets in Asia.
     
    saptarshi_sachin, Jan 19, 2015
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  15. shabbir

    shabbir Administrator Staff Member

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    Agreed.
     
    shabbir, Jan 20, 2015
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  16. saptarshi_sachin

    saptarshi_sachin Responder

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    Now you see again. Mkts create new lifetime highs today after the 800 pts fall.

    FIIs rushed in to buy even after muted results from some companies. No overwhelming results but yet mkts made lifetime highs. Mkts enter unchartered territory.
     
    saptarshi_sachin, Jan 20, 2015
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  17. jignesh_acharya

    jignesh_acharya Active Member

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    The dangerous game is about to begin.....
     
    jignesh_acharya, Jan 20, 2015
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  18. saptarshi_sachin

    saptarshi_sachin Responder

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    "Dangerous game"

    The dangerous game started with the 800 pts fall. Now its in the middle of the game - nxt what ?
     
    Last edited: Jan 20, 2015
    saptarshi_sachin, Jan 20, 2015
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  19. shabbir

    shabbir Administrator Staff Member

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    Yes people like me also wanted to see things in correction mode but then it was all double buff.
     
    shabbir, Jan 20, 2015
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  20. jignesh_acharya

    jignesh_acharya Active Member

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    21st January 2008 stock market highest crashed from life high !!

    7 years later today market again at lifetime high (21st Jan #sameDate)
     
    jignesh_acharya, Jan 22, 2015
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    shwetagnema likes this.
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