Niftylong
NIFTY COMMENTARY by Kiran WEEK 16, ABOVE 13,000-bubble rally?Hi Friends,
What an amazing last week, it is almost kind of roller costar ride for the intraday players.
Nifty is going to corner of the upward triangle. So CAUTION is advised.
THERE is a possibility of JERK (like one day correction) before big rally. It is like shaking of the tree, weak hands will loose the grip and fall down. MARKET always do this to trap majority of the people.
So look for stoploss 13400-13300 range.
I will go for the same option, which is 2 BUY HOLD.
Your humble trader
KIRAN
If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks.
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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NIFTY COMMENTARY by Kiran WEEK 15, ABOVE 13,000-bubble rally?Hi Friends,
NIFTY sustained above 13000, so do we see bubble rally?
Not yet we have uptrend resistance line is there, once brake of this uptrend blue line, WILL give us beautiful rally. I AM EAGERLY WAITING FOR THAT RALLY.
it is like once in decade opportunity.
so this week I will go with option 2 BUY HOLD
Your humble trader
KIRAN
If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks.
follow my profile for new trading ideas (kiransunku2016)
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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NIFTY COMMENTARY by Kiran WEEK 14, ABOVE 13,000-bubble rally?Hi Friends,
Nifty is facing stiff resistance at 13150-13250 range. This consolidation is needed before brakeout.
THIS IS LIKE CALMNESS BEFORE STROAM.
MY option for this week is same as last week.
I will go for the option 2. BUY hold.
TRADING ADVICE : avoiding BIG losses makes your trading carrier success. The reason for big losses from my personal experience is that, after certain level of loss, A HOPE come which makes the small losses BIGGER ONES.
SO don't pray for market to come to your direction but be merciless with market. IF your trade is in loss, get out immediately. My saying for the TRADERS is THERE IS ALWAYS TOMORROW .
Your humble trader
S. KIRAN
QUOTATION : LEARN FROM EACH AND EVERY POSSIBLE SOURCE AND LET THE COMMON SENSE MAKES THE DECISION.
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follow my profile for new trading ideas (kiransunku2016)
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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NIFTY COMMENTARY by Kiran WEEK 13, ABOVE 13,000-bubble rally?Hi Friends,
Last week I gave the option Buy hold strategy and it worked beautifully hitting the target of 12950 to 13000 range.
It seems to me market is preparing for bubble rally.
You can ask me " what is bubble rally"?
BUBBLE RALLY: you cant predict the nature and targets, it is parabolic move.......... this is the time FOR people TO make BIG profit or losses. SO BETTER TO USE TIGHTER STOPLOSS.
I will go for the option 2. BUY hold.
Your humble trader
S. KIRAN
QUOTATION : LEARN FROM EACH AND EVERY POSSIBLE SOURCE AND LET THE COMMON SENSE MAKES THE DECISION.
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follow my profile for new trading ideas (kiransunku2016)
---------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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Nifty can Reverse Nifty can change the trend any time sooner.
not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp...
symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
NIFTY COMMENTARY by Kiran WEEK 8 (WILL MAKE IT OR BRAKE IT)Hi Friends,
It is like a roller coaster ride for nifty in last few weeks. Nifty making huge swings in both directions.
Now it is at decision point. If it hold the pink of blue trend line then it is buying opportunity otherwise if it brakes it is selling opportunity.
I will vote for buying opportunity with stoploss just below the trend lines on closing basis.
Then the stop loss for bulls now is 11584 on closing basis. Last week also I mentioned the same stoploss.
This week I will go for option 1. which is BUYing opportunity
Your humble trader,
KIRAN
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follow my profile for new trading ideas (kiransunku2016)
---------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
--------------------------------------------------------------------
NIFTY COMMENTARY by Kiran WEEK 7Hi Friends,
What a amazing last week. Nifty gave 5% return in one week. It broke the long term down trend line with ease. it is very very bullish sign.
I gave the stop loss for shorts last week which is 11525 . Now my view is changed from bearish to bullish.
Remember a trader must change according to market conditions.
AGILITY IS THE KEY, ADOPTING NEW CONDITIONS WILL MAKE YOUR TRADING CAREER STRONGER.
Then the stop loss for bulls now is 11584 on closing basis.
You may think it is too far (3.2%) from current levels. But we need to know where we are wrong.
This week my option is 2 BUY HOLD.
Your Humble trader
KIRAN
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follow my profile for new trading ideas (kiransunku2016)
---------------------------------------------------------------------
The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
--------------------------------------------------------------------
NIFTY COMMENTARY by Kiran WEEK 2Hello friends,
Last week I started the commentary with five conditions, they are listed below.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
We might be in the middle of trend reversal.
So, here both bulls and bears should take care.
If NIFTY cannot able to close above the red trend line then it signals the correction is underway. It will be confirmed this week.
Any dare people can short the NIFTY at red line which can act as resistance line.
my view about the NIFTY
3.Wait for trend confirmation
When it will confirm the down trend?
Simple, new lower low will confirm it. it is now at 11150-11300 range and not able to go above 11500 -11600 range.
Thats it
Have a nice weekend. SEE YOU NEXT WEEK.
Your humble trader,
Kiran
NIFTY BEARISH BAT (SHORT) !!! SEE WHERE NIFTY IS NOW .... ?
YEAH NIFTY MADE THIS FAR..(GREAT JOB) >>> I ALREADY POSTED A CHART ON THIS AT JUNE 9/2020 >>> SEE MY OLD POST INCASE YOU WANT TO LOL !!!
OK I AM EXPECTING GOOD REVERSAL FROM THE PRZ (PRIZE REVERSAL ZONE ) REDBOX IN THE CHART.... EXPECTING A 1000 POINTS DOWN ( OMG ) !!!
!!! JUST FOR STUDY PURPOSE !!!
R-0086 BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100
The Nifty index continued to make a higher top and a higher bottom pattern and also achieved our short term target of 11,200. The overall structure is still looking positive as long as it holds its 200-DMA which is placed at 10,865 levels. The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls still have the upper hand. The volatility index, IndiaVIX, is hovering near 25 levels which is giving comfort to the bulls. Thus, aggressive traders can initiate a long position with a strict stop loss of 11,100.
will upper circuit on NIFTY 50 ?AS WE SAW IN LAST SOME MONTH WHEN LOCKDOWN EXTENSION HAPPEN NIFTY FALL SAME DAY
BUT ASS FAR MY KNOWLEDGE LOCKDOWN WILL NOT CONTINUE AND, OPEN WILL SOME TERM AND CONDITION
SO BE READY TO SAW NEW CHANGES IN MARKET.
THANK YOU FOR YOUR SUPPORT FOR MORE UPDATE FOLLOW AND Like IF you are new to market and wish to learn more you can contact me 7276209528
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Nifty: This channel will tell you if there is another leg down The channel here contains all the price action that has happened from March Lows. Currently this channel has enough room on the upside to allow for any major rally. If the worst is over than this channel should continue to hold and we will only witness a breakout on the upside eventually.
On the contrary if we see that prices break below the lower trend line it will be first indication that we may be seeing a second leg of the fall we witnessed in march (less likely).
DALMIA BHARAT 75 MIN & 1 D Analysis . After a good upside move of 100 points ( 480-580 ) , Price Started Consolidating At Higher Levels .
Volumes Get Dried Up. Sellers Are Not Showing Much Of A Interest .
We Need To Look For Bullish Volume Candle that can close above 570 .
And Find Opportunities there to go long For A Targets Of 595-610
Closing Below 550 Will Be A Weak Sign . Can Go till 525 .
On The Basis Of Daily Chart .
587 Will Be A Level We Look For to Get Brock With A Good Bullish Volume And Candle .
One Can Start Accumulating For Higher Targets ( Marked On Chart )
Daily Chart Attached Below .
JOIN MY TELEGRAM CHANNEL FOR DISCUSSION .
LINK IN Signature Section .
HAPPY LEARNING .
Science Backed by Data[Nifty Series]: Nifty target 10355-8thJunHi Friends,
Let's Learn and Earn. Elliot wave mostly if identified correctly helps in discovering important psychological levels.
Nifty Second waveform is in progress and wave 5 looks to be starting on it. Today's Nifty retracement is beautifully mapped on 15min Chart for your consumption.
Time in Bars - Wave - Coordinates - Actual Length of Wave
wave 0 9843.8
44 wave 1 10156.65 312.85
21 wave 2 9958.35 198.3
39 wave 3 10322 363.65
20 wave 4 10161.85 160.15
? wave 5 10474.7 312.85
Wave 5 target has various ways for calculations. Some of the most popular 5 ways to calculate 5th wave of Elliot Wave are used in below table for your reference.
Wave 5 Targets
61.8% of wave1-3 --10264.0
61.8% of wave1 --10355.2 (Golden ratio) We are picking this as Target.
161.8% of wave 4 --10421.0
Equal to Wave 1 --10474.7
123.6% of wave 1 --10548.5
Calculated Time for reaching target is 10:45 AM for 10June20
Now time for some Learning . 3 Most Important rules of Elliot wave are
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5
• Wave 4 does not overlap with the price territory of wave 1 (Mostly overlooked).
Even if one of the above rule is invalidated, you should not assume wave's to be correct.
Let me know with a like if you enjoyed reading the Analysis. This will encourage me to work harder for you.