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.
Niftylong
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 .
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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 !!
NIFTY DETAILED INSIGHTS - ANA ELLIOTT PERSPECTIVE
Greeting traders and investors,
Been a while since our last publication
Now back to the business
POST COVERAGE - NIFTY LONG TERM, Medium term & short term (DETAILED ANALYSIS WITH VIDEO PRESENTATION for free)
NIFTY has been riding high waves for a while and the main thing that is fish about the move is, it is not supported by the psychology and this move precedes a big decline, which will last for months to years and to know how the psychology is influenced by various factors, lets just understand the smallest elements to largest elements in the evolution of markets.
The NIFTY has been rallying past 7 months without any pause and it is also nearing its greatest resistance - all time highs of 9119 and the moves beyond this point is really challenging a trader.
Various challenges are detailly explained in the BLOG POST in our website,
www.mytradingcourses.com
Nifty : Long at 8500 For Targets - 9100/9200So after our last post - Nifty : Brexit Gone - Now What Long
The market has risen by more than 8% - i.e Nifty.
Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 and if it breaches this then the next stop 8400 .
Wave 5 of wave 3 in play - means complete wave 3 will be ending soon around life high for Nifty.
Expecting this play to complete before the FED meet ( FCNR outflow specific to India only could also limit the upside ) !!
Nifty : Brexit Gone : Now What : LongFed Hike -- Fed did not changed their stance on rate hike i.e. status quo !! After Brexit it is more likely that there wont be any further news till sept for further rate hikes !!
Brexit -- Is it Good ...Is is bad .... we don't know !! This Event is now gone !! Many are comparing this event to lehman brother 2008 crisis, Acc to us their imports have got little bit cheaper and travelling to Britain got cheaper.
Coming Back to India : GST - Looks set to pass, if it does'nt then we do have a serious problem, Monsoon will be above average as predicted by the Met Depts, thanks to La Nina we might have extended monsoon this year.
Now What about Nifty : Too much of negativity with regards to brexit, many of the technical analyst have turned bearish. Has Nifty breached any major technical level on downside -- No ....
Nifty as said earlier has broken its downward sloping channel and has bounced back from it in end of May 16.
We think major Wave 5 is in play -- i.e. wave 3 of wave 3 of major wave 5 !!
Yesterday correction fits into an abc correction of wave 2 of wave 3 !!
Strategy: Let the expiry be over this thursday and see where Nifty ends !! We believe 7935 is now the immediate support which might not be easily broken !! Its Buy the Dips Market !!
Stocks List :
1. AxisBank
2. YesBank
3. HDFCBank
4. TCS
5. Ioc
6. Gati
7. ALBK
8. And Gold
NIFTY - A Big Crazy Bull is headed our way!
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch multi-year lows. This fall gave a good opportunity to traders especially our Inspiron traders who spotted and shorted the best down trending stocks to bring in lots of profits while majority investors saw their portfolios being eroded day after day.
However come March and the Nifty suddenly reversed from a low of 6800 and there were no stocks left to short-sell as most of them had gone up sharply. Only a handful of stocks (less than 10) regained their uptrend and it looked as if this rebound was temporary. But the markets being true to its character continued to limp higher month on month although with a number of roadblocks along the way. By the end of May, we had more than 50 stocks that had regained their uptrend and 25+ stocks that reversed from downtrend to uptrend in NSE futures segment. That close to 50% stocks in the segment. What was equally surprising is that the stocks went up with minimal volatility and smoothness that had not been seen in a very long time. The volume buildup every time a stock touches a new high is increasing continuously. As on today (31st July) the Nifty comfortably sits as 8600 levels and looks in no mood to catch a breath.
So what does all of this indicate?
Well, before we arrive at a probability, lets crunch a few numbers
The Nifty went from 6100 in Feb 2014 to 8500 in Nov 2014, a rise of 2400 points in 10 months averaging a gain of 57 points every week.
This time the Nifty has gone from 7000 in March 2016 to 8600 in July 2016, a rise of 1600 points in 5 months averaging a gain of 72 points every week.
Current resistance level of the Nifty is @ 8888, what is also interesting is that in past the Nifty has closed above 8888 for less than 10 trading days in its entire lifetime. So crossing this level may be a hurdle but once that is achieved, there is reason to believe that there can be no looking back. We may well be riding the best bull run in a decade.
Even if the Nifty just continues this run rate then we could see the Nifty breaching 10,000 by December!
So it’s time to pull up your socks and get serious, you can’t afford to miss this Bull run! In the last decade if there was a time to be serious about your equity investments, this is that TIME. Take a look at your investment type, your capital and risk taking abilities and get in touch with a Mentor who can guide you.
Goodluck & Godspeed
Regards
Pashin Katpitia
www.facebook.com
Nifty : Planned to stay out, But Why ??Before someone thinks why ? how can you be without trading Nifty ? how can you make money n sort of questions, lets see what chart conveys us.
We are in strong support zone of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait for 8540's zone. Its very small support zone so need to watch Nifty keenly before taking decisions @8540's, don't miss that expiry is in another 48hrs - so ranging might be possible.
Let's wait till it comes to our marked zone before entering long.
I don't prefer to enter long now around 8580's bcos of R:R. So I will wait n see what happens @ 8540's. If Nifty bounces back from here, no issues. That is what is known as Following Ur Plan n Discipline.
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Nifty : Potential Bullish Bat Formation - Long @ 8450'sComing back to the scrips which we keep close to our hearts - Yep, Nifty's....
We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher timeframe(4h) lastweek.. that idea is still valid. But here we are breaking down to the smaller moves which is 15mins and these happens within the range of that 4h chart. Never try to catch the move from C to D bcos sometimes pattern may not complete so you may lose which will be really bad for your trading. So only enter trades @ D point of the patterns. One more thing, to be profitable there is no need to be always trading and taking positions on every swing... Quality of the trades matter the most...
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Happy Trading !!
Nifty : Descending Broadening Wedge : Part - IIHey Guys,
In Part - I of Nifty trade Idea I have told, I will wait for pullback.As expected market made pullback to our expected levels and we have few gaps below 8290's which I expect to be filled soon. So, being conservative trader I am initiating longs around 8290's-8300's only part of my positions. So that if market moves down I will average, thats why marked the gap up with question mark.
The redline drawn was trendline from higher timeframe which is broken now , probably we may get small retest of the redline around 8420's to 8450's.Lets see what happens. Part-I is mentioned in related links. This is how you should stay consistent in your trade plan & wait for Markets to come to you, never chase markets.
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NIFTY July FUT - Elliott Wave Analysis
Greetings traders & readers,
This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups.
To learn more about the Premium trade setup (PTS). click the link below,
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Now lets deal with the analysis in weekly time frame and just understand what is happening over there.
We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently.
The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time).
Continued in our website and the same is free,
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Thanks for reading the article
Regards,
Dinesh. R
Senior Technical analyst,
LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
Nifty 50 Wave Analysis Update 24 JUN 2016Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins.
As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level.
Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give possible reversal dates also.
NIFTY 50 Wave Analysis 20 JUN 2016As per my last post Nifty get Support from 8080 level and went upside but pattern not give view on further upside. I am going to review the wave count and come to the new support at 8035. If coming days Nifty fell to 8035 we can expect lot of buying on this level. The upside should be limited for this month as 8311 and trend will continue on next month also.
Wave Projections for next month - Nifty may surge upto 8420 and 8650 level as quick as possible.