Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel.
To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version.
Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
Nifty50
Escalation in Russia, Ukraine war spoils the Nifty recovery Nifty was doing quiet well and had a strong momentum going forward. On the daily chart it had gone substantially above 200 days EMA (23541) and reached 23780. Three of things happened after that.
1) There was a massive escalation in Russia Ukraine war where Putin approved use of Nuclear weapons if required. At the same time news of Ukraine hitting Russia with ATACMS US made Long Range missile. (Bloomberg reports). This is a massive event with long global consequences. Which might be parting 'gift' from Biden to Trump. (Probably to create a difficult situation for incoming Trump).
2) Nifty hit 50 hours EMA or Mother line at 23770. As all who read my posts regularly, those who have watched my videos, taken training from me and Those who have read my Mother, Father and Small Child theory know the consequences of the same. The mother line acted on and pushed the Nifty down towards the doldrums again where it closed the day below (200 days EMA or Father line at 23541) at 23518. This is a massive jolt and only time can tell if Nifty can stage a recovery again on 21st November 2024, Thursday. As we have a holiday due to Maharashtra elections tomorrow. To know more about one of the most accurate Mother, Father and small child theory which makes your equity investment easy read my book The Happy Candles Way to Wealth creation available on Amazon in paperback edition. The same is available on Kidnle and Google Play book in E-Version.
3) Third possible thing was Bulls would not want to carry long positions with impending Maharashtra election results. The election is tough to predict with political mess in Maharashtra. Elections in India are anyway difficult to predict now a days.
These reasons led to massive fall of 262 points. This fall can disharten the bulls as well making the upward recovery difficult again. Positive closing in Green is the only good thing that we can take forward from today's action.
Supports for Nifty remain at 23350, 23110, 22796, 22499, 21890 and finally 21313. Below 22796 is a pure bear territory.
Resistances for Nifty remain at 23629, 23770 (Major Mother line Resistance which blocked the up move today), Post that there will be Father line resistance of 200 Hours EMA at 24311. After 24311 closing or weekly closing bear can take a back seat and Bulls will have capacity to pull Nifty above 25012 or even 25351 and above.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty1! Daily Chart Analysis- NFANifty1! Daily Chart Analysis- NFA
-Price rejected from daily resistance (Mid point of red rectangle) aka daily sibi.
-Rejection from mid point of sibi shows its willingness to go further down to next imbalance(BISI-D)
-Expecting 23342 as next draw on liquidity (Green line labeled as top of daily bisi).
Nifty near Mid channel & 50 Weeks EMA (Mother Line) support. Nifty after closing below the 200 days EMA Father line on daily charts, may find support near 50 weeks EMA (Mother line of Weekly chart). The 50 weeks EMA is at 23233.
Before reaching there today's low of 23350 will also be a support. If by chance both these levels are broken the mid channel support for Nifty seems to be at at 22800 zone. Below which the bears have potential to drag Nifty further down to 22500 or even below 22K levels. To know more about Parallel channels and how they work or my Mother Father small child theory you can read my book The Happy candles way to wealth creation. Available in Paperback or E-version on Amazon and Google Play book.
Resistances for Nifty on the upper side are at 23658, 24122, 25012 and 25898. Above 25989 Nifty will aim to make a new all time high again as channel top currently seems to be near 27K. RSI is also suggesting that Nifty can make a substantial come back any time now.
Bollinger band lower band width has been pierced today both in daily chart as well as weekly chart indicating that market is heavily oversold and short covering can lead to a moderate recovery or substantial recovery sooner than later. The signs of bottom formation are clear unless FIIs begin another round of aggressive selling. The selling by FII has been continuous but seems to have decreased in the last few sessions rising further hopes for recovery.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty at cross road of critical support. Nifty this week gave a closing at 23532 a fraction below 200 days EMA or Father line which was at 23542. It will be imperative for Nifty to close above it within next week for bulls to get out of jail. Closing above 23542 will not be enough as there are many more hurdles to cross for Nifty once it scrambles above 200 days EMA.
If the Nifty is not able to cross above the 200 day's EMA by any chance next week the down side supports for Nifty will be at 23360, 23054 and 22819. Out of these 3 levels, 22819 is the most important support as it is the channel bottom support. This current channel in which Nifty is travelling initiates from May 22. Which means it is a pretty solid final support below which there can be a free fall into intense bear territory. In this case bears can drag Nifty further down to 21840 or 21264 levels.
On the positive side the resistances for Nifty remain at 23864, 24265, 24565 (Major resistance 50 days EMA) followed by 24796 and 25436 levels. Above 25436 we can see a pure Bull Market again.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Downward parallel channel still governing NiftyThe downward channel still governing Nifty and crushing it at every giving opportunity through continuous selling pressure from mainly FIIs. However Bollinger Bands is starting to suggest that Nifty might be oversold. Supports for Nifty now remain near 23822, 23611, 23380 and 23197. Resistance for Nifty remains at 23968, 24088, 24167, 24388 and 24548. Every bounce so far has been utilised by FIIs to sell. DIIs however are on a continuous buying trail. This fall for long term investors with a horizon of 12 to 24 months can be utilized for wealth creation as Some of the large caps and Selective Mid and small caps are now started to reach mouth watering levels.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Nifty is trapped between Mother line and trend line resistance. Nifty is trapped between Mother line and trend line resistance. The comeback that Nifty made from lows of the day was good. Today's low was 24004 from there the Nifty closed at 24141. The resistance on the way up for Nifty currently seem to be at 24221 (Mother line 50 Hours EMA), 24339, 24541, 24587 (Major Father line resistance 200 hours EMA) and 24700. Supports for Nifty remain at 24086, 24004 and finally 23816. 23816 is a major major support right now holding it from a major few hundred or even a thousand point fall. All is good till we do not get a closing below this point. Shadow of the candle right now looks neutral to positive.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
#Nifty50 outlook for upcoming week 11-15th Nov 2024Nifty Weekly Recap: A Tug-of-War Continues
The Nifty 50 index concluded the week at 24,148, marking a 150-point decline from the previous week's close. It oscillated within a tight range of 24,537 and 23,816, as predicted. While the VIX index shows signs of cooling down, the Nifty is expected to trade between 24,700 and 23,550 , with a potential breakout on either side. The weekly candle suggests a balanced market, with no clear direction.
A Cautionary Tale from the Monthly Chart
However, the monthly chart paints a different picture. The current pattern bears a striking resemblance to the one observed between April and June 2022. If history repeats itself, the Nifty could face another downward spiral, potentially testing support levels of 23,250 and 21,555. To regain its bullish momentum, the index must decisively close above 24,550, a feat that seems challenging in the current market conditions.
US Markets: A Bullish Run Fueled by Trump's Reelection
The S&P 500 index soared to an all-time high weekly close of 5,995, reaching a peak of 6,012 and a low of 5,696. Trump's reelection has ignited a rally in the US market, propelling it to new heights. For further upside, the index must sustain above the crucial 6,013 Fibonacci level. If it manages to do so, it could target 6,142, 6,225, 6,376, 6,454, 6,520, or even 6,568.
Impact of US Markets on India
The question remains: How will the US market's bullish run impact Indian equities? As investors closely monitor global cues, the Nifty's trajectory will depend on a delicate balance of domestic factors and international sentiment.
NIFTY50 NOV 14 WEEKLY ANAYISISThe market is currently in a downtrend, showing a clear decline in price action with lower highs and lower lows.
Traders might interpret this as a sign🕒 of weakening investor confidence, often influenced by economic factors or profit-taking after previous gains.🤔
📉 In a downtrend, it’s essential to exercise caution, especially with long positions, as the trend Managing risk is key, as sudden reversals can happen.
Monitoring market sentiment and technical indicators can help identify a potential reversal or further bearish continuation.🚀
1.resistance level break down trend🔻 continue, nifty50
2.support level break and market sustenance, may be bullish trend start and down trend end
3.plz draw this level your trading panel #Tradingviews YOUR plat from
4. Follow ME More Ideas!👆
Nifty 50 weekly analysis November 14 exp The market is currently in a downtrend, showing a clear decline in price action with lower highs and lower lows.
Traders might interpret this as a sign🕒 of weakening investor confidence, often influenced by economic factors or profit-taking after previous gains.🤔
📉 In a downtrend, it’s essential to exercise caution, especially with long positions, as the trend Managing risk is key, as sudden reversals can happen.
Monitoring market sentiment and technical indicators can help identify a potential reversal or further bearish continuation.🚀
1.resistance level break down trend🔻 continue, nifty50
2.support level break and market sustenance, may be bullish trend start and down trend end
3.plz draw this level your trading panel #Tradingviews YOUR plat from
4. Follow ME More Ideas!👆
Nifty Medium to Long Term Outlook. Nifty on a weekly chart seems to be in the consolidation mode. With important geopolitical events that happened around the globe and India Nifty is trying to find a firm footing from where it can launch ahead. The events like Ukraine and Russia conflict, Israel and Iran++ conflict, Indian election results, Haryana assembly elections, US elections proved very volatile for the market. Upcoming events like China stimulus package and Maharashtra Elections will also be key for the direction of Nifty while moving ahead.
Best case Scenario for Nifty right now following the Parallel channel seems to be 27796 towards the mid and end of First quarter of 2025. (We would have to be a pure optimist to think it can reach close to 28K in the next 5/6 months but you never say never).
Median Scenario can keep Nifty range bound and we might find it exactly in the zone that it is right now that is between 24K and 25K.
Worst case scenario for Nifty seems to be between 20 and 21K as of now.(This is a less likely scenario but you never say never).
Major Support Levels for Nifty are at: 23816, 23211(Major Support 50 Weeks EMA-Mother Line), 22711, 21813, 21343 and 20858 (Channel Bottom Support).
Major Resistance levels for Nifty are : 24589, 25241, 25796, 26277, 27120 and 27796 (Channel Top Resistance).
To learn more about Parallel Channels and Mother, Father and Small Child theory read my book. The Happy Candles Way to Wealth Creation Available on Amazon in paper back and Kindle version. The book is now available on Google Play books in E-version too.
Disclaimer: The views are personal and request you not to take positions based on the above data. The chart and the levels given in the message are purely for the purpose of education.
Sectoral Scanner study 8 Nov for the upcoming 46th Week 11 NovSectoral Analysis vis-à-vis the Nifty 50
Observations of the sectors and example of individual sectoral analysis with stock screening.
and Bullish and Bearish picks amongst them.
Along with a couple of homework to be submitted before the next session.
Nifty unable to break Hourly Channel top corrects. Nifty had reached channel top of the downward channel on hourly chart and was clearly not able to defeat it as evident in the chart and corrected wiping all the gains from yesterday's trump rally. Can it make one more effort to claim the channel top and defeat it is the question. Supports for Nifty remain at 24179, 24073 and 23816. Below 23816 the bears will feel empowered and can drag Nifty down to 23500 or 23200 levels. Resistances on the upper side remain at 24262 (Mother line resistance of 50 hours EMA), 24504, 24559 and finally father line of 200 Hour EMA at 24650.
This will remain a volatile week with major shift in global policies and realignments, FED Rate decision and other Geopolitical events. Keep an eye on situation in the Middle East and Ukraine, Russia front. Positive news will have again empower bears and give another rally like Trump rally seen yesterday. Shadow of the candles is Neutral to negative again. Bond yield, Gold, Silver, Dollar index, Crude can remain volatile while NASDAQ and Dow are in the Optimistic curve. November month will in general will remain volatile and next one week will decide the fate of Indian markets. With FIIs still on selling side and DII on buying side looks like things will remain topsy turvy for Indian markets.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only and views are personal. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Most Global Markets Welcome Donald TrumpMarkets breathed a sigh of relief it seems on the victory of Donald Trump and rallied crossing important trend line hurdle. Now 2 important resistance remain to be conquered before Bulls can claim victory over bears. The next likely resistance levels that bulls will face will be at 24537 and Mother line resistance at 24748. (50 days EMA). Once that is crossed the next likely resistance will be at 25000 and 25217. Supports for Nifty on the lower side seem to be at 24333, 24170, 23816 and finally Father line at 23519 (200 days EMA). Below 23519 in unlikely circumstances the Nifty will fall again in Bear clutch and bear can potentially drag it down to 23201 or 22820. (currently this looks unlikely). Shadow of the candle right now is neutral to positive.
Nifty Set for an Uptrend Soon..?The NIFTY index has been experiencing a consistent downtrend over the past month. Throughout this period, it has encountered rejection from the established trendline approximately five to six times, indicating strong resistance at that level. For NIFTY to initiate a reversal and shift to an upward trend, it is essential for the index to not only break through the trendline but also to maintain a position above it for a sustained period.
Moreover, the level identified as 24150 is not only a crucial support level but also serves as a significant support range that has been tested during July and August. Therefore, if the price can hold steady at the 24150 level for a few more days, combined with a decrease in selling pressure from Foreign Institutional Investors (FIIs), we may witness the formation of a new upward trend. This convergence of factors could provide the necessary momentum for a trend reversal in NIFTY.
NIFTY50 || RSI positive divergence As mention in my previous idea, the recent rally was indeed a 'Dead Cat Bounce' as NIFTY50 has experienced another significant drop. However, examining the charts above reveals positive RSI divergence in both the 2-hour timeframe (TF) and the daily timeframe (DTF), with NIFTY reversing from a marked support zone.
For the next bull run to be confirmed, NIFTY should hold above today’s low and meet the following two criteria:
1. The index begins trading above the 20 EMA band.
2. The RSI surpasses the 70 mark.
This setup could indicate a more sustainable upward trend if both conditions are fulfilled.
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions.
Essential principles for traders:
1. Be Disciplined, Avoid FOMO: Maintain a disciplined approach to avoid impulsive decisions based on the "fear of missing out" (FOMO), which can lead to risky trades.
2. Risk and Reward Management: Always assess potential rewards relative to risks before entering a trade. Proper risk management ensures long-term success by limiting losses on any single trade.
3. Follow Stop Losses: Calculate and set a stop loss for every trade to protect against significant losses. Make it a habit to adhere to it without exception, even if the market seems to be in your favor.
4. Journal Your Trades: Maintain a trading journal to track decisions, wins, and losses. Analyzing past trades can help improve future strategies and identify patterns in behavior or biases.
5. Master One Strategy Before Expanding: It’s beneficial to focus on mastering a single trading strategy before exploring others. Once consistent, you can broaden your approach to diversify risk and opportunities.
6. Control Emotions: Emotions, especially greed and fear, can cloud judgment. Cultivating a mindset that balances confidence and caution is key to maintaining objectivity.
APOLLOHOSPITAL 240 MINS TIME FRAME - MY VIEW ONLYThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
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Tradelikemee Academy
Saanjayy KG
Mother Line, Trend line and other resistnace up ahead to watch.Before Nifty can fly further there are some important resistances to be crossed in the near by zone are 24368 that is the high of Muhurat day, Mother line resistance at 24391, Trend line resistance near 24400. After closing above 24400, Nifty can quickly reach 24505 or even 24601 in a short time. Supports for Nifty are at 24280, 24239, 24172 and 24142. Final support for Nifty is in the range of 24069 below which bears can create further havoc. Shadow of the candle is slightly positive but FII's deep selling is making the investors vary and fearful this does not include DIIs as of now but below certain level even they can start to give in if things do not improve. Shadow of the candle is slightly positive.
Performance of U.S. and Indian Indices (2012-2024)Comparative Performance of U.S. and Indian Indices with INR Adjustment for period (2012-2024)
This TradingView chart displays a comparative performance analysis of multiple indices and assets from 2012 to 2024, measured in a mixed percentage scale. The assets include:
1. **QQQ in INR** (QQQ * USDINR): Represented in green, this line shows the Nasdaq-100 ETF (QQQ) adjusted to Indian Rupees, which has the highest performance, growing approximately +1,267.50% over the period.
2. **Nifty Midcap 150** (NIFTYMIDCAP150): In pink, this index tracks India's mid-cap companies, showing a significant growth of +883.72%.
3. **QQQ**: Shown in cyan, this is the U.S. QQQ ETF in its original USD form, with a return of +705.77%.
4. **S&P 500 in INR** (SPX * USDINR): In blue, this line represents the S&P 500 index adjusted to INR, showing an increase of +641.27%.
5. **Nifty Junior (NIFTYJR)**: Represented in purple, this index tracks India's next 50 large-cap stocks after the Nifty 50, showing a gain of +617.46%.
6. **Nifty 50** (NIFTY): In teal, this represents India’s benchmark index, which has grown by +423.78%.
7. **S&P 500** (SPX): In red, this represents the S&P 500 in its original USD form, with a performance of +336.51%.
8. **Gold in INR** (GOLD * USDINR): Represented in red, this shows the price of gold adjusted to INR, growing by +167.45%.
The chart indicates that, over this time period, U.S. tech (represented by QQQ) outperformed Indian indices and other asset classes when adjusted to INR, showcasing a strong relative growth in technology-focused U.S. equities compared to Indian mid-cap, large-cap indices, and gold. The Nifty Midcap 150 also exhibited impressive growth, especially when compared to other Indian and U.S. large-cap indices. Gold, while traditionally considered a safe asset, showed the least growth in comparison to equity indices.
This chart offers a clear view of the benefits of sectoral diversification, currency-adjusted performance, and asset allocation across different geographic regions.
#Nifty50 outlook for upcoming week 4th-8th Nov 2024Last week, the Nifty 50 index concluded at 24,304 points, marking a 125-point surge from the previous week's close. It reached a high of 24,498 and a low of 24,134. As anticipated, the index successfully tested the 24,500 resistance level before settling at its current position.
With the India VIX index indicating an upward trend, the Nifty 50 is expected to trade within a broader range of 24,900 to 23,700 in the coming week. A breach of these levels could trigger significant market volatility. The upcoming US elections on November 5th are likely to intensify the tug-of-war between bulls and bears.
I'm closely monitoring the 23,511 level (DEMA200) as a potential entry point for NiftyBees. However, it remains to be seen if this opportunity materializes.
S&P 500's Weekly Performance and Outlook
The S&P 500 index ended the week at 5,728 points, approximately 80 points lower than the previous week's close. It touched a high of 5,850 and a low of 5,702. This week, the index found support at the DEMA50 level. If it dips below 5,702 next week, it could test support levels at 5,637, 5,585, and 5,400, which would have negative implications for global markets.
To resume its upward trajectory, the S&P 500 needs to close above 5,700 on consecutive days. This could propel it towards the 5,821, 5,868, and 5,899 levels.