Daily Tryst with Nifty

[WOD]

If taken from y'day high, can we assume an I-HnS in the forming, NL 4490-ish?

Gone down from NL

The ways nifty moving now (more or less it is excerise of taking out of stops)....May be we can have that 4490 ka close...

 

[humble]

Are you guys seeing an inverted H&S pattern on 5min TF for Nifty Futures now? Is it good to buy now?

Regards,
-Sri

 

[WOD]

Are you guys seeing an inverted H&S pattern on 5min TF for Nifty Futures now? Is it good to buy now?

Regards,
-Sri

Yup....I am seeing a big I-H&S.....but its effect might not be seen today.....and in that case I would always wait to see tomorow......

 

[MurAtt]

Yes -- I FEEL Nifty will not be moving down anywhere near to 4400.
Why --

Evertime its moved down, its bounced back. No convictions in any of the moves.
Yes - - there is no TA in this BUT sometimes its just playtime and today it is for me.
On both counts -- 1> Nifty playtime -- all my positions as is no juggling nothing. Waiting for 2morrow.
2> City is a total stop with s HUGE rally by our Mamatadi. From 10am to 7pm do not expect a single vehicle to reach its destination even 1 hrs late!!!! All emplyees of various private organisations off - attending the rally. More than 1lac ppl attending the rally.

Talk about productivity ....

btw I-HnS negated ...

 

[Sunil]

Today I am expecting a sort of sideways / consolidation day...

Chances are that we will see a NR6 atleast if not a NR7 today. So it could be a consolidation day. Many companies yet to come out with results...

I feel it would be prudent to wait for confirmation of down move before buying PE.

Both wishes fulfilled...

As per Future, it's NR7 + IB
As per Spot, it's NR4 (thanks to today's invisible high of 4524)

Range contraction is evident - 70pts instead of normal/average 100+pts
Spot's rectangle ready - 4450 & 4500

HAPPY SOLAR ECLIPSE DAY TOMORROW

 

[MurAtt]

Very WICK-ED day today. All those whose SLs have been hit should(will?) be crying tomorrow -- kaash pakad ke rakhta - aaj laal ho gaya hota!!!

See the wicks at the bottom of the candles and especially towards the end of the day - getting longer and longer. Compare the wicks at the top of the candles to the bottom one, almost not there. Conclusion -- selling is being bot into.

My opinion and ... as usual I could be wrong ....

Edit : Just reduced the image size

 

[MurAtt]

HAPPY SOLAR ECLIPSE DAY TOMORROW

Do you track ASTRO in any form Sunil sir?
Any ideas on the effects of the eclipse on the movement of the charts?

No I'm a non-believer BUT that does not mean it does not happen - right.
(Just better to know everything even if we do no always practice.)

 

[humble]

Do you track ASTRO in any form Sunil sir?
Any ideas on the effects of the eclipse on the movement of the charts?

No I'm a non-believer BUT that does not mean it does not happen - right.
(Just better to know everything even if we do no always practice.)

Hi Murtaza sir,

Got attracted to the post.

I am a student of astrology . As per my little knowledge on astrology - eclipse does have an effect on individuals, based on the individual's birth charts [I think i get attracted all sorts of charts ].

It would be very difficult to predict for the entire country [I mean Nifty/Sensex]. However for individuals we can predict with good accuracy .

Regards,
-Sri

 

[lazytrader]

what the hell is going on....up down up down by nealry 20 points in single hit......

Quite frustrating I agree. TA jumps off the cliff along with Nifty.

Both wishes fulfilled...

As per Future, it's NR7 + IB
As per Spot, it's NR4 (thanks to today's invisible high of 4524)

Range contraction is evident - 70pts instead of normal/average 100+pts
Spot's rectangle ready - 4450 & 4500

HAPPY SOLAR ECLIPSE DAY TOMORROW

I'm getting NR6 on spot. These are the ranges for the past few days:
Date ,O ,H ,L ,C ,Ch ,R
10-07-09 4081.40 4129.95 3976.80 4003.90 (77.05) 153.15
13-07-09 4003.40 4003.40 3918.75 3974.05 (29.85) 84.65
14-07-09 3974.10 4128.90 3974.10 4111.40 137.35 154.80
15-07-09 4120.80 4249.55 4118.75 4233.50 122.10 130.80
16-07-09 4223.50 4305.00 4205.50 4231.40 (2.10) 99.50
17-07-09 4231.45 4390.40 4230.15 4374.95 143.55 160.25
20-07-09 4377.90 4510.30 4377.90 4502.25 127.30 132.40
21-07-09 4501.50 4524.00 4436.60 4469.10 (33.15) 87.40



does it match with what you have?

 

[MurAtt]

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