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Where Do you See the Support Levels?

Discussion in 'Technical Analysis' started by shabbir, Mar 6, 2013.

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  1. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Mar 11, 2013
    Share #41
  2. deepurv82

    deepurv82 New Member

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    there is a gap between 5450 to 5500 so strong support to continue trend isto fill gap AROUND 5450, which is the strong support area break below indicates instability of central government
     
    deepurv82, Mar 20, 2013
    Share #42
  3. shabbir

    shabbir Administrator Staff Member

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    Nice to see your first post in the forum
     
    shabbir, Mar 20, 2013
    Share #43
  4. kamat79

    kamat79 New Member

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    I think it's 5660 and then 5550.
     
    kamat79, Mar 21, 2013
    Share #44
  5. praveenbkec

    praveenbkec Member

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    immediate support at 5662 and next is 5544
     
    praveenbkec, Mar 21, 2013
    Share #45
  6. sainath85

    sainath85 Member

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    Good Thread. Now Nifty is around 5635, therefore if it consolidates around 5550-5575 for some time and begins to move upward is it a buy? If it breaks 5550 then Nifty is in deep trouble. Can you pls share your views on the same? Thanks
     
    sainath85, Mar 25, 2013
    Share #46
  7. bepenraja

    bepenraja New Member

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    5550 is it ?
     
    bepenraja, Mar 26, 2013
    Share #47
  8. shabbir

    shabbir Administrator Staff Member

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    Perfect levels.
     
    shabbir, Mar 26, 2013
    Share #48
  9. srspriya06

    srspriya06 Active Member

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    Nifty broke the support of 5540 levels..What would be the next support level for Nifty.
     
    srspriya06, Apr 10, 2013
    Share #49
  10. shabbir

    shabbir Administrator Staff Member

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    Let the support be formed instead of trying to create new support. It is either no trade zone or shorting opportunities (only if you are comfortable)
     
    shabbir, Apr 10, 2013
    Share #50
  11. kamat79

    kamat79 New Member

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    5480
     
    kamat79, Apr 10, 2013
    Share #51
  12. kamat79

    kamat79 New Member

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    Shabbir, I don't think it's shorting opportunity. RSI is near 20, sorry I know you don't follow it. But I think we should be extremely cautious.
     
    kamat79, Apr 10, 2013
    Share #52
  13. shabbir

    shabbir Administrator Staff Member

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    That is why the thing in the bracket (only if you are comfortable)
     
    shabbir, Apr 10, 2013
    Share #53
  14. sainath85

    sainath85 Member

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    its testing 5550 again..lets wait for some more trading session to get a view on nifty
     
    sainath85, Apr 10, 2013
    Share #54
  15. vishuhd1

    vishuhd1 Member

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    Hi All,
    What do you make out of the upmove made by Nifty after 2PM today?... Does this just a profit taking by those who shorted big time in the market?...

    I think, its again wait and watch zone for nifty now.. We are still unsure of the exact trend.. Please comment..
     
    vishuhd1, Apr 10, 2013
    Share #55
  16. shabbir

    shabbir Administrator Staff Member

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    After 2 PM most of the time it is short covering only
     
    shabbir, Apr 10, 2013
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  17. suniljoshikk

    suniljoshikk New Member

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    I think trading range will be 5445 to 5610
     
    suniljoshikk, Apr 10, 2013
    Share #57
  18. kamat79

    kamat79 New Member

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    Hi Shabbir,
    Could you please help us to understand how you identified that it's short covering after 2 PM? This will help us to understand any such false signals.

    Thank you.
     
    kamat79, Apr 11, 2013
    Share #58
  19. shabbir

    shabbir Administrator Staff Member

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    After 2 PM moves are always by savvy traders and most of the time it is short covering in a down trend. Down trend is identified by lower top lower bottom in last couple of months
     
    shabbir, Apr 11, 2013
    Share #59
  20. kamat79

    kamat79 New Member

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    Okay, thanks Shabbir!
     
    kamat79, Apr 11, 2013
    Share #60
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