Nifty is expected to sink now. There are many reason why we feel it may sink. 01. It is already trading below quarterly Target 03. 02. Bearish Engulfing in weekly chart 03. To sink and come near 6943 to 6880 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the...
Right now, there are two possible scenarios 1. Nifty breaks previous low of 6870 and reach to strong support level at around 6600. (marked in Red Arrows) 2. Nifty goes up to 7125 levels and then break above close above resistance level of 7240. (which can be a trend reversal for nifty) marked in Green Arrows Therefore, it is a close watch at nifty and stocks...
Continuing from the monthly forecasts in the website, an elliott wave analyst can observe the same as we do, the nifty peaked at an all time high of 9119.2 on mar 2015, the downfall is around a year and when will it end...? obviously an traditional trader doesn't have answer for this question but the perspective that elliott offfers is significant & different and...
Nifty0.26% has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY0.26% to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 7330 to 7365 levels.the same has been confirmed by Stoch RSI , RSI & CCI . The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please consult your...
Nifty expected to rise. Nifty has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 8330 to 8365 levels.the same has been confirmed by Stoch RSI , RSI & CCI. The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please...
Points noted on daily chart, 1. Harmonics 2. Fibonacci Extension 3. Structure - Bearish Formation
Points noted on weekly chart, 1. Bearish Pattern Emerging 2. Bearish Divergence 3. Consolidation I personally view it as weak and bearish. Target: 241 , Stoploss: 295 Risk Reward: 1.1.5
I personally feel that it is a Great opportunity to short this one at current levels. On my personal view, I believe it has broke out from a consolidated triangle pattern and has also changed the trend by making lower highs. This seems as a trend change for this one. 1. RSI Divergence 2. Triangle breakout pattern 3. Structure confirmation of lower highs On...
With concecutive Lower Highs, it shows that Nifty resumes its down trend. Now it may retest the 7245 levels before any further change in trend. In my personal view, investors in a longs calls should cover their positions.
Nifty is expected to sink approximately - 200 points. Main reason being bearish engulfing formed in weekly chart. On End of day basis it may look a bit bullish as far as technical levels are concerned. but weekly chart pattern confirming the other way around. It is usualy seen that the next candle of Bearish engulfing usualy opens with a gap down. What is to be...
NSE_EOD:NIFTY
EIther this is the start of Wave 5 : If we are in start of wave 1 of wave 5 Expect to finish Nifty closer to 7600 by end of Jan -- which would confirm long bias !! Wave 1 needs to break the upper trendline and bounce back from it -- which will confirm start of Wave 3 of Wave 5. Axis Bank has shown 2-3 gapups a sign of upmove !! Look out for Yes Bank as...
We know that Nifty is in a downtrend and I feel that we have realized our near term bottom and can see a bounce back between 7700-7800 levels in next to 3-4 weeks. It is a good time to buy the overburnt stocks in the recent sell-off and rally along with the index. Risk/Reward: 1:2 (roughly more than 1) Strict Stop loss: 7200
The valuation of the stock has been diminishing due to overall weakness in steel sector. The RED level marked is a retracement zone of 61.8 and previous strong resistance level where selling can be seen. Keep a close eye on the 1140-1145 level and if we could find any weakness at that level then it will be a safe bet to sell this one. LONG SHORT in near term.
Nifty made a Hammer on January 01, 2016 and 02 January 2016 gave a confirmation that the market Is going to go bear. As Nifty came bellow our Buy level of 7905 and candle confirming a bear rally. On End of contract basis a call for short was initiated. The market came lower than target 03 of 7331. The chances are bright that the market may bounce back soon.
On weekly charts we are able to find support around marked areas. Price action around these levels is important in future. We are nearing to 50% Fibonacci Level. Next Important level will be 61% hence nifty is expected to react on these levels.
NSE_EOD:NIFTY which is traded in NSE,Mumbai & scrip name as Nifty Futures January is likely to continue its downward move and possibly reach around 7250's. We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY from 7650's to 7750's. Possible Targets around 7200's to 7250's and its more likely to...