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Sensex

Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain
NIFTY Futures Week Ahead 04-JulyMarket Bytes 04-Jul-2016 Nifty futures: NIFTY futures continues the upmove with another gap up. For the upmove to sustain its important that NIFTY future sustains above 8340-50 zones. Upside swing targets now emerge at 8500-20 levels. In case it breakes below 8340 its back to a range bound. Interesting price action for last week. It was a week where almost all asset classes showed an upmove ( Equities, Oil, Bonds, metals) #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
BREXIT whats in store for NIFTYMarket Bytes 24-Jun-2016 Nifty futures: Looks like we are in for some serious volatile sessions as Britain's first referrendum in 40 years is almost out.India impact on macros for this event is less as only 0.5% of the exports are impacted. But in the near time markets always work on sentiments than fair pricing. Markets are likely to gapdown and open below our swing zones of 8150. This level need to be used as a the trend decider. Trading below that we can retest 8075 zones. 8000-8030 should be a firm swing base below that and provide a good contrarian opportunity if that level gets tested in coming sessions. #nifty #nseindia #sensex #stock #brexit
NSE:NIFTY
by PowerTrades
1
NIFTY Futures Trade plan - Week 20-JuneMarket Bytes 20-Jun-2016 Nifty futures: In the previous session despite gap up openings NIFTY futures failed to clear our swing hurdle of 8250 range.Expected gap down opening below our trend decider of 8140-50 zones. This immediate zone will hold resistance and decide the market trend for today. On the downside a break of 8105 can lead to a test of 8080 levels again. Swing hurdle on the upside continue to remain at 8240-50 zones. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
3
NIFTY Symmetrical Pattern Breakdown Close to Target ZonesMarket Bytes 24-May-2016 Nifty futures: Two sessions back it broke the symmetrical candle pattern that we have discussed over the past few weeks. Since then it has failed to make any upside strides. Giving good short on rise pullback trades to the ones who traded that patterns. Now NIFTY Future has immediate hurdle around 7810 range and downside immediate support at 7720 range. Given that there is signficant PE accumulation at 7700 levels will expect these levels to hold back from an expiry point of view. Downside swing Targets remain at 7620 and 7530 levels based on the extensions of the symmetrical patterns. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
5
NiftyWe have witnessed several Head & Shoulder formations throughout mid 2015 until date, therefore the probability of the current head and shoulder formation is over 90%, which clearly suggests that the current formation of the right shoulder should continue in an ascending manner within a range of 3.82% which is 285 points. Therefore, 7985 - 285 Pts = 7700. (7700 to 7985) is the current range for the Nifty index. This will gradually narrow down to (7800 to 7985) And (7920 to 7985) before a breakout towards the downside for -6% towards 7500 handle for the completion of the Head & Shoulder Pattern. Technical Analyst :- Jay Khanna JayKhanna@Live.com
NSE:NIFTYShort
by JayKhanna