Get started

Shortnifty

Sell Nifty spot 23305, target 22380-350 range stop 22500 spotNifty correction can start anytime as prices seems to be going below short term averages and soon it can start a downtrend with lower highs and lower lows. Profit booking is going on at current levels. Also SEBI restriction on derivatives is not good news for market as it will hugely impact liquidity and hedging cost will increase for institutions. Supply for shares will increase due to this at current levels and demand to buy shares will be selective as valuations are high. So I think we can easily see 1000pts correction in nifty towards 22380 to 22350 range where good support identified. All the levels are in spot, trade futures or options accordingly. Timeline is 5-8 trading session minimum.
NSE:NIFTYShort
by PrashantDahale
The innocent SIP investorsLONG time charts ,weekly,monthly are easy for deciding the market direction. daily charts are the lowest time frame in elliott wave analysis to count sub waves. if you want to trade tension free ,follow daily charts take position for a weekly and monthly targets. A simple idea is shown in the above chart. we have completed 2 legs of corrections as wave 'A' and 'B' which are 5 wave diagonals followed by 3 wave recovery waves 'C' and 'D'. 5 WAVE diagonals are motive waves and the main purpose is to sell but not intensively, but after the end of wave 'D' ,you may have a sharp sell off as wave 'D' is the final up move unable to lift the index above wave 'B' . FAILURE to do so wave' D' will become third top which is a strong RESISTANCE for bulls. you may notice FII sold enough stocks and they have taken SMART MONEY out of the system, by zolting the market to and fro. now tell me who is bather about innocent SIP money flowing though mutual funds, when final selling climax started? the monkeys bought from FII's at higher price is with us, will FII buy from us? first leg of wave 'E' has the target of 16300
NSE:NIFTYShort
by selvamB
8
Short NIFTY till 14670My detailed analysis on NIFTY 50 index based on pure price action theory. The process of reversal is set to be staged in NIFTY INDEX If 18221 respected by smartsellers waiting at reaction zone will kick this index to 14670, failure of keeping this zone negate this view. logic behind this idea in NEO WAVE theory ; when wave 5 completes its journey in equal magnitude of wave 1 then the trend is said to be completed. logic behind candlestick pattern; if you see an Evening star pattern today that will tells you the reversal confirmation happy bears, happy pongal,
NSE:NIFTYShort
by selvamB
2
NIFTY CONSOLIDATION WITH NEGETIVE BIASSo far NIFTY managed to climb after any consolidation from last MAY 2020. BUT the rosy picture now is visible in todays price action.(09/07 Friday) the final wave of the consolidation(c5) is not a 3 wave abc correction as like c1,c2,c3 andc4. wave 3 of c5 formed as motive wave(more than 1.618*c1), hence it is a negetive bias (bearish) MONDAY 's (12/07) price action will clear all doubts about NIFTY'S direction. take your positions accordingly
NSE:NIFTYShort
by selvamB
1
Short on NiftyNifty broke out out of the consolidation and has chosen to follow the orange path as shown in the previous update. This is also in line with the Nifty wave count posted earlier (links attached). The wave (v) down now seems to be subdividing. We have the following wave relations: (ii) > 0.618*(i) and (iii) = 1.618*(i). Thus, 0.38*(iii) <= wave (iv) <= 0.5*(iii) and wave (v) = wave (i) . Hence, a short trade now looks good with SL at 10,893 (slightly above the wave (ii) low or 50% retracement) and target around 10,580 (or below depending on the down move).
NSE:NIFTYShort
by tushargupta1991
Nifty (Short): Bearish Crab Pattern & Double TopBearish Crab Pattern Completion Market is consolidating for past two days Nifty has Double top formation near Crab Completion Though it took out my stops on previous trade, we got another chance to enter at more better spot with Double Top. While I am posting this its forming bearish doji, enter this trade after the current candle closes in Bearish mode We are targeting around 7900's (300 points) , so 100 -150 point stops ( 8300;s) won't do much damage. But if you are very conservative trader, Please dont risk.
NSE:NIFTYShort
by InsiderB
9