Nifty need to consolidate between 8000 to 8500 before trending up either in first week Oct 2016 or in mid Dec 2016. For all this Nifty should protect 7500. I believe it would be successful in defending 7500
My Nifty views back in September 2015 come broadly true. However I could not benefit out of it. Please suggest how to get benefit if I know / speculate this much correct.
Now Jet Airways has shown positive movement to upside by confirming higher lows with bullish divergence. Next resistance is at 600 levels where is our first target.
Negative RSI MACD divergence Short ultracemco with stop above trend line
Hey Guys, Having cheerful Sunday ? Lets do some analysis on LT ? Don't get confused why chart is loaded with Fib levels, for better understanding and explanation purposes I have marked numbers for Fibs. Those who followed Me for sometime will be clear the principal I use - " Gaps will be always Filled " I kept this LT in My radar from the day it gave huge gap up...
As per analysis, it seems that there will be a breakout to the wave 3 as previously the charts shown a higher low. If it breaks through the level of 74, then we might see a big rally moving up to the levels of 80-100. It is a good time to get in with minimum risk.
We are in strong up trend, Todays close was in the supply zone, which can give us nice trade setup. We may experience the sideways move in the market , in such move trading setup and following the same will play key role. Aroud 11th Jul 2016 and 22nd Jul 2016 we may see the short term trend changes. Levels for the trade are mentioned on the chart.
Weekly close above 8271 crucial for further upmove.
DUE TO GLOBAL MARKET CORRECTIVE UPSIDE, OUR MARKET ALSO RESPOND TO THAT. AS I SAID LAST WEEK NIFTY FELL TO 7835, I AM STILL EXPECTING THAT LEVEL TO COMPLETE THE WAVE STRUCTURE. WAIT FOR THOSE LEVELS AND ENTER LONG. NOW I AM ENTERED PUT OPTION @ 8000 FOR NEXT TWO WEEKS.
I believe it will continue its prevailing bullish trend. It will retest the 154 levels and might break through those levels to aim for 160 in few days. Target: 154.66 SL: 150.34 Risk/Reward: 1:3
As per my elliott wave analysis, Wave 5 is forming ending diagonal, which is at urge of breaking down. We may see a correction from here on that can go on for some few years. It is wise to take out your investments from this one and invest in something else that can provide you returns in few years. Day Traders/ Swing traders have great opportunity to short this...
NIFTY short under 200hourly MA stop above 8170 tgt 200 point lower
PCR = 1.217 I feel that the Price might go to a Max of 8125 and then slide from there. Weekly chart looks like there is more down side that is expected The actual effects of BRexit will come into play once the Companies wake up and realize what is at stake TCS, TATA MOTORS, INFOSYS and other Major Corps will shake a bit causing Nifty to Fall. ** NOTE : This is...
A Double Top got formed this week. 1. PCR is @ 1.37 - Meaning Nifty is OverBought and it could fall any moment 2. Current Level is at a Strong Weekly Supply Level and should ideally fall any moment 3. Anymore move upwards could be a BULL Trap - 8350 looks like the Max that NIFTY could go to. 4. 8000 looks like a target to look for and then lower
Market 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...
Nifty has touched the support of previous wave and we can see the buying at this stage. It is a good time to buy back now if you are not stuck within trades.
Lets do an analysis on Nifty and how its movement will be in coming days. As we look with Eagle's view ( Daily ), Nifty has been bearish from Feb'15 to Mar'16. For an year Nifty has been completely bearish Trend. Some companies posting good performance results has driven Nifty to current levels from the lows of 6700's. But tats not only reason for recent bull...
Let's start with Britain's referendum polls. No one is sure what will be poll results, Its Neck to neck between BRemain & Brexit. What Nifty will do inline with poll results ? If Bremain happens - Nifty Gap Up ; If Brexit - Nifty Gap Down. Rare case : There is possibility of Nifty ignoring the result as India has some vested interest in both scenarios Coming...