Nifty : Signs of demand mixed with reluctance and hesitationBullish engulfing formed on 2 hr time frame and possibly 3rd wave ended, might form double bottom @5th wave on hourly chart if 5th wave is not very strong and demand continues to come in...
Niftylong
Nifty Analysis and TargetTechnically, Nifty is expected to bounce from support of 9685; and if it successfully does so then the next target would be 10128 for the 5th subwave of the 3rd.
My only concern is the bearish global market sentiment due to geopolitical tensions between US - N.Korea and India-China Doklam standoff heating up.
If the Nifty trades below 9685, I would consider it Bearish; but wouldn't short.
'Cautious' Upside bias for NIFTY50 amidst geopolitical tensions.Amidst geopolitical tensions Nifty 50 ended with a doji indicating supply was drying up. And Nifty landed on a support amidst heavy selloff due to geopolitical tensions like N korea -U.S, India-China border standoff and also 11 Aug 2017 Friday, being the last day of the week.
Technically, Nifty ended with a 4th wave on a support and might resume on upside after some intraday consolidation on monday.
I think the supply has dried up but demand is yet to come in. I have an cautious upside bias in Nifty50.
P.S. Long term uptrend is still intact in NIFTY 50 as I write this article.
Possible Wave 5 in an Ending DiagonalNifty seems to be in an Ending Diagonal and the way its correcting indicates that there is one more higher high to be made before a deeper correction. I see that we are about to finish the correction and if Nifty breaks out the correction to the upside, it could mean that its a buying opportunity.
Bank Nifty indian index long term buy setup at monthly demandStrong bullish trend on Bank Nifty Indian index, long term longs at monthly demand level around 18.750. New levels of demand created, supply zones eliminated. Price has been rallying very strongly lately, expecting a bigger pullback to go long lonterm.
Ahead of the PollsNIfty50 is likely to give its next leg rally, if the elections results are in favor of market. If not then their would be little correction, then again the rally will continue. Either way their is no stopping Bulls.
Not to go full bearish!Their is still high possibility that the Nifty will yet give it's last break out, so don't go totally bearish.
More over their will coming the results of UP elections. So the moment will totally depend on that.
Head and ShoulderNifty Weekly chart had given a huge Bullish patter and that is the inverse Head and shoulder.
I will highly recommend to Buy at any deeps or corrections.
NIFTY Potential DB SetupThere is a potential double bottom set up @ 0.5 fib retracement in the day/week chart.
-Long-term trend and the cloud held pretty well
-Stoch & MACD looks good
-RSI could form a break out
See next week if we can stand above 8275
Will NIFTY test 7800 levels again?Greetings traders & investors,
This analysis is a combination of various prospects & contains a clear description for each of that
"we don't understand a movie by missing half of it".- the same is true with markets,
Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees
There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below!
NIFTY MONTHLY ANALYSIS:
The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders).
The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding.
The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees).
This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis!
To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video!
Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups.
Seems Like Minimum Expected Upside in Nifty is 8135If you have taken buy position on Nifty then as per now, Nifty have minimum upside left of 8135.
There is only 10% chance of It Hitting SL, SL at 8061 is recommended.
Nifty SL 8061, TGT1 8135, TGT2 8165
Resistance Break Required Then Nifty May Turn BullishA divergence has been forming on Nifty 15 minute chart. It is not yet confirmed, for confirmation, resistance break is required. If it fails to break then we might not see upside today.
Butterfly pattern completed with double bottomWith completing the pattern it had gained Double bottom. If it holds this level then it is probably going to be very bullish.
NIFTY Clear cut Analysis - Elliott basedHi traders,
Since we are off for a while and this being our break resumption post, we would like to add some significant detail on this one and consider this a Christmas or Newyear present from LeadBrains as it is about to give a precise and much more clarified analysis about NIFTY.
As usual this one will contain all the info with an elaborate video explanation & the best part is, it is free for now & free forever!
The analysis will be published on Monday or even before that , exclusively on our website and one can check it out @ www.mytradingcourses.com & we would humbly ask you to subscribe to our newsletter to keep yourself updated with us & with the markets .
See you on Monday Folks
Thank you.
Nifty : Long : Stop Loss - 7750Long Nifty : Long at 7970 - 7900
Stop Loss : 7750
We expect this to be a completion of wave 4 correction !!
On other hand USDINR is trading at life highs !!
Both of the above are either oversold or overbought !!
Looking at other coming events
-- Rate cut of 50 bps by RBI in december - expected (25 bps factored in )
-- FED Meet - markets prediction are now wrong or say biased --- we expect dollar to cool off and gold to touch 1400 in coming 2 months -- only possible if FED Stays Put or even if FED hikes 25 bps, it is already factored in so Dollar is going to cool off !!
Looking at today if by chance Nifty opens gap up tomorrow (8020) and closes with some gains -- it might be the start of final wave 5 for Nifty !!
Nifty : Panic Selling : Will it turn out to be like Brexit eventLast Post :
Nifty -1.76% after touching high of 8960 has now entered into correction mode !!
So wave 5 ends of Wave 3 of Wave 3 !!
Expect this correction to complete either at 8550 ( Less chances ) or at 8700 levels !!
Wait till the FED meet this month -- Once FED goes with no rate hike -- Expect markets to touch life highs !!
So Now we are at 8600 -- Should you buy -- yes - the best opportunity to go long !!
Huge Buying cash figures !! If this continues market might repeat of what happened after brexit !!
No major breakdown !! abc correction of wave 4 of wave 3 gets over at 8550-8600 !!
Expecting gap ups from now onwards till Nifty reaches Life high !!
Oct 4 - RBI meet -- .25 will be priced in and if 50 bps rate cut happens that would boost markets !!
