Nifty is trapped between 10900 and 10700. Technically as per OI table this range is between 10700 and 11000. Neither the bulls, nor the bears are allowing these levels to be broken. There is no trigger to shake the market. A good trigger may come by when Q1 results will come out in the first week of next month. Till then market will have stock specific action, ...
Hello Traders,
I have align my Wave count and put the alternate look with an a-b-c Flat correction as a probability with a high degree of objective at chart.
At 10893.25 N50 is showing weakness at the 2 hourly Chart, showing choppy, overlapping waves.
While a/d-Ratio is also weak as of the last Days the direction of the move is not as clear as it look like, but ...
https://www.tradingview.com/x/gFATsKie/IF #NIFTY BREAKS THE BOTTOM OF THE TREND LINE WITH THE CRUCIAL SUPPORT LEVEL OF 10701, THEN WE CAN A FURTHER CORRECTION TILL
TARGET 1: 10656
TARGET 2: 10600
TARGET 3: 10548
HENCE BE CAUTIOUS ON THE NIFTY TRADES.
Though major trend is up, yet at present Nifty is in a dilemma. It is because the Q4 result season is over and the Q1 result seas will roll out from first week of the next month. So there is no meaningful trigger. And in that case Nifty is influenced by international events. Yesterday was the day of the bulls. They created strong position at 10700 Put (Highest ...
Merrily trapping the Bulls and Bears with volatality. On the positive side it gives good trading opportunities for day traders.
Nifty travelling side ways with 10930 as top band and 10450 and Bottom band. Any move with volume needed beyond
these lines to get a good direction of the market. Until such time enjoy the quick trades and if not convincing stay ...
Hello Everyone,
Nifty seems pretty Interesting and stuck in a channel for a week. Explained everything at the chart for call and put position .
Good luck
Hello Traders,
N50 has decided to follow the bullish version as of my last analyse! Today @10856.55 (.11 pips) above my targetarea the high was set. He also exceed to the upper KC-Line, which is strong rising and A/D-Ratio is really strong as of the last sessions, indicating a wave 3 has started!
Bullish outlook:
A possible shortterm correction is every time what ...
Hello Traders,
today N50 reached the open target at 10734, the .618 RT of the last decline, set a high at 10763.80. This move was attended by a strong A/d-R @ 2.13 and a TRIN at .46. Both suggesting an advance which has not endet.
At 10717.25 it is possible to count the move as 5-up! The decline to 10558.45 retraced a bit more than the .5 FibRT, which is common ...
Hello Traders,
N50 is in critical territory! The chart remains open to different interpretations. The important levels are @10929.20 (May 15 high), and 10417.80, the May 23 low! Other Major Indices at NIFTY Exchanges are also in corrective pattern, only NIFTY IT is working it`s way to the upside and lead a eventually breakout to India stocks and Indexes.
As you ...
Hello Traders,
N50 dropped this Morning to a low @10417.80, meeting both, the green marked rectangle and the falling grey dotted trendline, connecting the Wave (b) high @10631.25 and the high of a possible at 10519.10! While it was touched multiple times, it becomes more important as before.
The decline that started at 10929.20 to 10417.80 retraced a bit more of ...
Hello traders,
N50 may finished a Wave ((3)), Micro degree at 10490.55 and start a countertrend move in a Wave ((4)), developing into a possible Triangle!
If this is the case N50 is at forefront to fresh new lows in Wave ((5)) and after that occured, a new advance is able to start.
Todays a/d-R was strong at 1.72, but No of traded contracts by Future Traders was ...
HelloTraders,
N50 closed the week at 10599.25, with an a/d-Ratio of .39 on Friday!
At the 120 min chart you can observe that I have labbeld the pattern as a wave c of ((ii)) of an Expanding Flat, that is done or it need one more up/down sequence to complete the pattern in a wave (ii) correction. A possible „Gap- Down“ on Mondays Opening Bell can be interpret as ...
Correction is not down yet. Targets are at 10516-10419 area!
Trading above 10929 alter the opportunitys for a wave 3 advance...
Have a great day...
ruebennase
Hello Traders,
N50 achieved to 10785.55 this morning and sharply start a decline to 10705. Closing price was at 10716.55, attended by a weak a/d-Ratio@ 0.43 (N50) and a TRIN at 1.24 which implies an slightly „oversold“ Marked.
By counting the moves from the intraday high down we count 5, which implies the decline is done or it need some more subdivisions to ...
