NIFTY FIFTY

[AMITBE]

If 2799 is attempted and not held, we may see a reaction there.
And if taken, 2810 would be within reach.

This is from yesterday afternoon.

Though 2810 did not feature today if one were to glance at the EOD chart, it's nevertheless been a major level intraday today.
In the attached chart of intraday Nifty taken at the last traded value, the last traded level is indeed 2799.90.

Firstly it's clear that the chunk of the action took place between 2799 and 2810.
But more interestingly, all the major drama happened along the 2810 line.
The three boxes marked A, B and C are self explanatory. The breakdown levels of the H&S and Double Top are played out along the 2810 line.
In the early part of the session also there is some tension along 2799.
The lowest of course was 2788.
All these numbers have been mentioned in the preceding posts and clearly continue to be very active even if not prominently featured on the EOD charts tonight.

There seems to have been much activity around 2805 level today. It's not something I've found in my study so far and will look for it. It may or may not be significant.

 

[AMITBE]

The intraday volatility is reminiscent of the moves till Friday last week where anything above 2700 brought on selling pressure and every dip to 2650 off saw buying support come in.
Then it was the new move to higher levels past 2620 resulting in volatile consolidation.
The same is happening now at 2800 levels.
This is a good way to be for a while.
No sharp drop is seen at this point though volatility at higher levels is certainly on the cards.
This is no time to go long or short as both sides would easily be hurt in this setting.

So how long before the volatility ceases and some hint of a direction emerges?
To the down, a drop to 2727-2756 would clearly bring on the bears in hoards taking the proceedings lower.
To the up, the Nifty needs to emphatically clear a significant mark before strong buying emerges to take it higher.
We know the levels at the low end, and the probe for that important corner continues, as in the markets and so with the numbers here.

Researching the numbers, Im going to explore a new string today though the previous series is also being mentioned.

In the new string, without at this point getting into upper and lower limits, the numbers are: 2780-2788-2796-2804-2813-2823-2833.
If there is anything worth taking up in these at close today, Ill do so.

From the previous series we still have 2799 as an important level.
Further up, 2810 and 2821 to 2832 form the band.
Lower below, 2788 (from the low yesterday)-2777 and 2766 are the levels.

 

[AMITBE]

Researching the numbers, I’m going to explore a new string today though the previous series is also being mentioned.

In the new string, without at this point getting into upper and lower limits, the numbers are: 2780-2788-2796-2804-2813-2823-2833.
If there is anything worth taking up in these at close today, I’ll do so.

From the previous series we still have 2799 as an important level.
Further up, 2810 and 2821 to 2832 form the band.
Lower below, 2788 (from the low yesterday)-2777 and 2766 are the levels.

In the new string there were a few levels I had omitted as they were falling close together.
However there may be a couple of important marks there which I'm putting down now.
Interestingly there seems to be an interweaving of the previous series and this one.
The omitted ones being part of the new string are highlighted:
2780-2784-2788-2796-2800-2804-2808-2813-2818-2823-2828-2833.
For the sceptic, the logic of the sequence is quite obvious.

2818 in the new series has been an important level yet today as can be seen from the attached chart so far into the session.
Two other important levels in this series are 2808, and 2804, which is also yesterday close.

Of the old series, 2810 continues the drama around itself.
2799 continues to hold the slide.
2821 is of course the high so far.

A third bottom has just been formed at 2799...and would be interesting to watch.

I'm sharing my process here and if it's found to be boring or anything kindly let me know and I'll stop.
For me getting even close to understanding all this is the primary goal, for knowledge and profit.

 

[nkpanjiyar]

....
I'm sharing my process here and if it's found to be boring or anything kindly let me know and I'll stop.
For me getting even close to understanding all this is the primary goal, for knowledge and profit.

Nah! Not at all Amit. I am closely following each one your post in this thread. I can't say for others but to me its a learning curve and enjoying your language over numbers. Am thrilled to read how fantastically your are giving life to dead numbers. Keep them coming.

cheers,
nkpanjiyar

 

[mohanlate]

No way Amit. This is a great thread. I am fascinated by the accuracy of your predictions. Keep up the good work.

Thanks,

Mohan

 

[chopra]

I'm sharing my process here and if it's found to be boring or anything kindly let me know and I'll stop.
For me getting even close to understanding all this is the primary goal, for knowledge and profit.

Thanks Amit for all the knowledge. Please do not stop. Although I am new to the market and not able to contribute much. But this is great for person like me also to understand the game of Numb3rs.

Regards,
Ashish

 

[AMITBE]

In the new string there were a few levels I had omitted as they were falling close together.
However there may be a couple of important marks there which I'm putting down now.
Interestingly there seems to be an interweaving of the previous series and this one.
The omitted ones being part of the new string are highlighted:
2780-2784-2788-2796-2800-2804-2808-2813-2818-2823-2828-2833.
For the sceptic, the logic of the sequence is quite obvious.

2818 in the new series has been an important level yet today as can be seen from the attached chart so far into the session.
Two other important levels in this series are 2808, and 2804, which is also yesterday close.

Of the old series, 2810 continues the drama around itself.
2799 continues to hold the slide.
2821 is of course the high so far.

A third bottom has just been formed at 2799...and would be interesting to watch.

I'm sharing my process here and if it's found to be boring or anything kindly let me know and I'll stop.
For me getting even close to understanding all this is the primary goal, for knowledge and profit.

Thanks NK and Mohan. Nice to know you follow this thread. Yes, some members do.
The implications of this research are great as not just the index but every stock is subject to this.

I had made yet another omission which is inserted as follows:
2780-2784-2788-2792-2796-2800-2804-2808-2813-2818-2823-2828-2833.
It's a logical number isn't it.

As the Nifty has slid, 2777 was already mentioned this morning, and then 2766 or 2767.
In case of a further fall, 2773-2770-2767-2764-2761-2757-2752 for now.

 

[koolprakash]

Thanks Amit for all the knowledge. Please do not stop. Although I am new to the market and not able to contribute much. But this is great for person like me also to understand the game of Numb3rs.

Regards,
Ashish

Agree with Chopra, Mohan. No question of stopping this thread. You are doing a great job and please continue this on.

Thanks,
Kool

 

[AMITBE]

Thanks NK and Mohan. Nice to know you follow this thread. Yes, some members do.
The implications of this research are great as not just the index but every stock is subject to this.

I had made yet another omission which is inserted as follows:
2780-2784-2788-2792-2796-2800-2804-2808-2813-2818-2823-2828-2833.
It's a logical number isn't it.

As the Nifty has slid, 2777 was already mentioned this morning, and then 2766 or 2767.
In case of a further fall, 2773-2770-2767-2764-2761-2757-2752 for now.

A hard sell indeed and expected but not quite so hard.
A recovery is possible.
2755 is important.

Below 2752 are 2748-2746-2742.

 

[AMITBE]

The following are the levels/numbers mentioned this morning and during the day.
These include numbers being mentioned the last several days, and the new series from this morning.
An aspect of all this that I was unaware till last night during research, and got confirmed today, is that these two different series can actually merge and sit in harmony.
This gives us many more numbers to work with.
Very exciting indeed.

2764-2773-2777-2780-2784-2792-2796-2799-2804-2810-2813-2818.
These can be found on the attached chart.
2821 was the highest.