I believe that SGX nifty is on his fifth wave. Global news are positive as of now.already US market recovered and in positive for the year. so far SGX nifty is under performing. banking sector is the main reason to drag the nifty down. most of the banks in nifty index are corrected and in over sold position in last 2 weeks. on following weeks banking sector join...
trading in perticular range when positive sentiment will come , posibilty to give upside breakout and make new value area.
if global sentiment is positive,sgx above chart should be correct
SGX Nifty SGX Nifty is currently forming a Broadening descending formation. Looking at the pattern, it looks like the bears are taking control of the market with bigger red candles than green ones. With less than 12 hours to SGX open, it would interesting to watch how the pattern plays out and how it affects the Indian NSE:NIFTY on NSE open. I am expecting a...
We can see the positive side for a while, there is a short term pull up based on 1hr chart of Nifty. Possible Position Nifty Opens at - 9110 - 91130 ane extends gains to 9220 Nifty Opens at - 9110 but is unable to take the buying pressure which makes it again go back to 9000 Level. Personally, its a bounce, hope you can trade well.
Nifty close last week - 8 May - 9,251.50 Today - 9,142.75 I believe, the downward spiral has started, we may see nifty closing today at 9050 levels but giving it a direction to move lower.
SGX Nifty (IN1!) has completed A and B of ABC flat correction. C will be possibly elongated wave of major Y wave down to new low. Will watch closely how price made the 1st wave of C down.
WILL NIFTY GAPUP OR GAPDOWN REMAINS THE QUESTIONS... GAP UP AND RETURN BACK TO NORMAL...
SGX NIFTY futures is making ABC wave correction pattern. B is flat and C wave is already started moving down in 3rd wave. It should be faster down once B wave consolidation broken down.
Clear bear chart - can see an up bounce till 9310, then further weakness is expected. If we break 9310 on the upside, 9550 can be seen for once.
Hello Traders, because of „Labor Day“ on Friday, the stock market was closed. So I take NIFTY futures to show the developing structure of the waves. As I wrote before, the move from the March low (7377) is countertrend and develops within a „wedge-shaped“. It broke above the upper trendline, a so-called „throw-over“, and reversed back into the channel, indicating...
Nifty (IND50FUT) looks in WXY pattern from major daily high. It starts under-performing this week and within triangle. It may possible it breaks upside and fade it immediately to go down for major Y down. Let’s wait for further confirmation by market itself. It's currently under-performer.
Niftytarget14000 hashtag Nitytarget14000 Start Accumulation Nifty will Reach 14107 Nifty has created a good opportunity for next 8year cycle
ONE can start accumulation here or next 8 years. Sooner than Later Expect NIFTY to touch 14107.
Call No. 31 Nifty Buy @ 11100 Stoploss @ 10950 Target @ 11550 RR 1:3 Note : All calls has RR more than 1:2. Do not risk more than 1% of equity on every call. Please follow stoploss religiously.