NIFTY50 open positive that day and achieved at the end of the session to 11493. The bounce from the short term lows (@11311.6) exceed the 0.618 Fibonacci (at 11473) by some points, but strenghten the case, that may a flat-pattern is in progress. A close above the .786 Fibonacci will open the door for that pattern, but at least must achieve to a...
Here's another update. The Blue Bat pattern proposed months ago, has worked out nicely. The completion should mark the turning point point now. We should expect a pullback down into the green zone. I have (for fun) put up a Bat Pattern (purple) for this retracement. It should be a small pattern. Please remember I am only guessing what form the market will give...
A simple but effective option wrting strategy for a monthly income:
Underlying concept :
a) Strategy - Writing nifty call and put options simultaneously.
b) Strike selection - Call and put strikes approximately above / below 100 points from market price at the time of entry.
c) Adjustment post position - For every 100 point or close to 100 point change in...
not often, but sometimes it happens, I have to face the fact, that I don`t now exactly which way an index, a stock or metals will go next.
Sometimes, as it is for now.
As of the last weeks, I have try to cover NIFTY50 on each possible timeframe, checking the patterns, the moves, the indicators, and, and, and....!
From a very early point of time, I...
Nifty has breached all its resistance in the past couple of week. Now it is in the major Resistance zone of 11530-11461. If it doesn't break on a closing basis. Expecting a New High would be really Difficult. It has made a Bat Bearish Butterfly Pattern And to Break such Pattern it has to reach and sustain for a week at the levels of 12,750. Till then, it is hard...
nifty had closed at 11456.90, currently nifty is in wave c of irregular expanded Flat ABC correction inside wave 4, the support level (pivot point) at 11326.23 proves to be a perfect area of value where the wave c could end. For intraday, on Monday NIFTY will break the low of wave A , which is 11420 Aprox. so the Monday intraday target would 11420.however nifty...
Daily RSI at 80
H1 working t/f RSI also at the overbought level
We have got a three wave up within corrective structure
Supported by the projected reverse channel very close to price
At least there should be a leg down, similar to the one on the left side of the chart at H4
On daily there is an option that the index is still forming large flat structure before a...
MARKET ANALYSIS: As we can see from the chart, that the corrective phase of nifty has been completed now we can expect a downtrend continuation. we can expect the market to reach 9300 - 9400 around the month of march 2019. So lets wait and see what the market does in the coming weeks. Cheers!
Amid all the Election noise, Worlds biggest democracy has set poll date to 23rd may 2019 and will decide the future of PM Modi. I tend to believe that NIFTY will be in sharp correction of C and will continue towards secular bull upside printing iv of (3) of 5 in EW. So for next weeks looks for sell setups and trade towards.
Jai Garvi Gujarat.
Nifty is under a clear uptrend after 5 months of consolidation.
ideal strategy would be to buy Nifty at every dip with a stoploss below 10971.
For any further help feel free to contact me from the link provided in my profile.
All the best.
Here's an update since last chart was made proposing the harmonic "Bat Pattern". As the US market went through all kinds of problems, the NIFTY (Indian) market quietly got it footing back in October at the lows. This spot was right near the green "buy line".
As the NIFTY went up and then had a sudden retrace, we were looking for that low to hold and then begin to...
Nifty Spot closed at 11456 and Nifty futures at 11478
A fall of 460 points was witnessed in Dow on Friday, Dow futures closed at -474
SGX Nifty closed -63 points at 11407, which is a rough indicative of the Nifty futures level. It loosely translates to Nifty spot at 11385-11395. Support for Nifty spot is at 11380 followed by a gap support at 11350.