As per our last post market reversal from 8235 to 8035 level, Still market holding on reversal zone. We can enter short upto thursday.
On Thursday BREXIT also impact our market little bit to send the market sideways to Downside. But in medium term still market in upside 8420 and 8650 level are intact.
Enter Long
DATE : 23/06/2016 - Time 13:50 - ...
Market 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...
As 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...
Pls refer to the charts (weekly in my first idea and 15-minutes one in this idea).
Strategy is: wait for completion of 4 of c of B. Add 9.45 points (i.e. length of 3 of c of B) to its end. This will be stop for shorting for wave-C (weekly one) riding. As price reaches near to the calculated stop, enter the position!
Target will be to the tune of 425...
This is in continuation of my previous idea in which wave-a was capitalized. Now is the time to capitalize on wave-c.
C = A gives:
453.60 (end of A) - (470-436 i.e. A) = 419..6
So, short at 446.5 (CMP spot)
SL 450.6 (2 of B started here)
Target: 419.6
This analysis is based on Elliott Wave theory.
TATMOTORS has completed a 5-wave impulse structure on weekly. The 5th of the 5th wave is ending diagonal clearly visible on 15-minute chart (pls see below).
So:
short near 468
stop loss 472
target near 444 per 15-minutes chart / between 425 and 375 per weekly chart
Position initiated yesterday at 466 spot/468.3...
As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week.
EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week ...
Market Bytes 08-Jun-2016
Nifty futures: Finally broke out of the congestion zone and broke out above 8265. Now NIFTY futures has a base at 8250 , which is the trend decider for today. Until it sustains above it look for long side trades. On the upside one challenge is good CE open interest build up at 8300-8400 levels this means any upmove further will be...
This trade setup is very simple one. I didnt use any advanced patterns or numerous fib levels.
We can easily notice Reliance is in bearish trend for sometime, so we are looking for opportunity to go along the trend.
Recent rise in prices towards our marked resistance zone ( based on Daily ) where we have Fib levels overlapping each other.
0.382 Fib level of...
LT always one of the most preferred companies for long term investment.But as the investment scenario in India is weak and LT also didnt look much attractive in current scenario to initiate long term position.
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over...
Yesterday all you guys had very good expiry day , I hope !
So for coming days we are ready with our analysis for Nifty.
The reversal zone marked has few fib confluences too which I removed as the chart looks messy. Right in our resistance zone we have potential bearish butterfly completion where we can initiate our short positions for smaller pattern based...
We 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...
Great descending triangle setup. Watch out for an explosive breakout.
There's been accumulation against the selling from removal in MSCI-0.77% index EEM-1.80% .
multiple springs from 162
Market Bytes 09-May-2016
Nifty futures: On our Fridays Market bytes edition we discussed that 7700-05 will hold a key base for the markets. This got respected pretty well despute a gap down opening. This further rep inforced the level. We discussed that the range of 7700-7900 is going to probably hold fort for coming sessions. On the upside immediate hurdle lies...
Market Bytes 02-May-2016
Nifty futures: NIFTY Futures played to the script on Friday, we had discussed that the base now remains at 7830-50 range and upside hurdle is at 7920-30 zones . Markets respected the base and managed to pull back and and made a high below 7920. The script for the coming session remains the same; look to take a breakout trade above 7950 and...
Market Bytes 27-Apr-2016
Nifty futures: NIFTY Futures formed a perfect technical case of a double bottom set up and pull back. We had time and again emphasized that 7850 holds a support range and is the key. Once that level was sustained for the second time we saw a massive pull back. Yesterday's pull back in the late hours was witnessed with high volumes with...
