Hi Friends, Two weeks back on week 16 commentary (check below), I warned there will be JERK with not so big reason. I thought the crash would come last week, but it came weak after. LOT of people still in mesmerizing state of mind what to do, only traders with lot of experience can able to absorb the shock and able to take the next trade. Ok what is now on the...
#NIFTY eyeing 14500, in coming weeks #PlanYourTrades
Hi Friends, What an amazing last week, it is almost kind of roller costar ride for the intraday players. Nifty is going to corner of the upward triangle. So CAUTION is advised. THERE is a possibility of JERK (like one day correction) before big rally. It is like shaking of the tree, weak hands will loose the grip and fall down. MARKET always do this to...
#NIFTY eyeing 13400-13500, we can see it next week. Pick some 13400 calls for next week @ 38
Hi Friends, NIFTY sustained above 13000, so do we see bubble rally? Not yet we have uptrend resistance line is there, once brake of this uptrend blue line, WILL give us beautiful rally. I AM EAGERLY WAITING FOR THAT RALLY. it is like once in decade opportunity. so this week I will go with option 2 BUY HOLD Your humble trader KIRAN If you liked my...
Hi Friends, Nifty is facing stiff resistance at 13150-13250 range. This consolidation is needed before brakeout. THIS IS LIKE CALMNESS BEFORE STROAM. MY option for this week is same as last week. I will go for the option 2. BUY hold. TRADING ADVICE : avoiding BIG losses makes your trading carrier success. The reason for big losses from my personal...
Hi Friends, Last week I gave the option Buy hold strategy and it worked beautifully hitting the target of 12950 to 13000 range. It seems to me market is preparing for bubble rally. You can ask me " what is bubble rally"? BUBBLE RALLY: you cant predict the nature and targets, it is parabolic move.......... this is the time FOR people TO make BIG profit or...
Nifty can change the trend any time sooner. not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp... symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
Hi Friends, It is like a roller coaster ride for nifty in last few weeks. Nifty making huge swings in both directions. Now it is at decision point. If it hold the pink of blue trend line then it is buying opportunity otherwise if it brakes it is selling opportunity. I will vote for buying opportunity with stoploss just below the trend lines on closing basis....
Hi Friends, What a amazing last week. Nifty gave 5% return in one week. It broke the long term down trend line with ease. it is very very bullish sign. I gave the stop loss for shorts last week which is 11525 . Now my view is changed from bearish to bullish. Remember a trader must change according to market conditions. AGILITY IS THE KEY, ADOPTING NEW...
Buy at 11510 stop loss 11480 and target 11580 fibonacci and gann always rocks follow us, support us and research with us
Nifty as shown in the chart has made an inverted head and shoulder on charts and can break out on higher levels
Hello friends, Last week I started the commentary with five conditions, they are listed below. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. We might be in the middle of trend reversal. So, here both bulls and bears should take care. If NIFTY cannot able to close above the red trend line then it signals...
SEE WHERE NIFTY IS NOW .... ? YEAH NIFTY MADE THIS FAR..(GREAT JOB) >>> I ALREADY POSTED A CHART ON THIS AT JUNE 9/2020 >>> SEE MY OLD POST INCASE YOU WANT TO LOL !!! OK I AM EXPECTING GOOD REVERSAL FROM THE PRZ (PRIZE REVERSAL ZONE ) REDBOX IN THE CHART.... EXPECTING A 1000 POINTS DOWN ( OMG ) !!! !!! JUST FOR STUDY PURPOSE !!!
AS SUGGESTED THE RESISTANCE AND SUPPORT LEVEL IN THE NIFTY CHART, IT BEHAVES EXACTLY THE SAME WAY. MORE DOWNSIDE TO COME. BULLS WILL ONLY ACTIVE ABOVE 11375, TILL ADOPT SELL ON RISE STRATEGY.
nifty50 making bullish pennant pattern on 5 minute timeframe, wait for breakout/resist.
BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100 The Nifty index continued to make a higher top and a higher bottom pattern and also achieved our short term target of 11,200. The overall structure is still looking positive as long as it holds its 200-DMA which is placed at 10,865 levels. The momentum indicators and oscillators are very well in the buy mode on the...