ruebennase

ruebennase P

Hello Traders, NIFTY50 set a new high @ 18508 on Friday. This topped above 18454, the high on May 15. From a technical perspective, that means a fresh "buy-signal" was set! From an EW perspective it looks to me, that all the moves since the high on May 15 are waves, with a corrective character!? Anyway! Above 18060, the low on May 19, the trend is long and a new...

ruebennase P

Hello Traders, NIFTY50 moved sideways since my latter analysis. It dropped to 18060 yesterday, Future was @ 18085 low today, and reversed to the upside. The "decline" was a "three-down", but to be honest, the second leg down looks too short in time and price to be all of the corrective setback!? If it was all of the setback, and N50 is likely to reverse, the next...

ruebennase P

Hello Traders, no correction has been seen the latter week, `cause NIFTY50 gaped to the upside on Monday and has risen to a week's high @18389 yesterday. A level, above the 183xx points, I often mentioned before, but to be honest, I did not expect this right now. Anyway. It just needs a decline to and below the 18069 area, to become a bearish view. As long as N50...

ruebennase P

Hello Traders, at the end of latter week, we had the same price level as now! So, a "non-event-week" passing by, and the question is:"was this all of the advance, and bears will take over the market? NIFTY50 has run to my cited price area as I mentioned since many analyses. The high @ 18267 could be all of it, and a corrective setback, that will retrace a good...

ruebennase P

Hello Traders, NIFTY50 has run above my cited price target @ 17934 and 18k too! Today's high @ 18089 could be a wave (v) of ((i)), or one more high above is next to come! A price target for this idea ranges from 18137 to 18300 levels. Watch the option traders! If they buy call options, at these levels, more than put-options, the odds do favor that they are...

ruebennase P

Hello Traders, NIFTY50 Future has declined close to my cited price range at 17530 area. Latter week`s low was priced @ 17585! This could be all of the sidewas consolidation, or one more low is next. This low, if so to come, had a price target at 17532area! Playing the idea of this scenario, the sideways move could be a wave iv of an Impulse wave. In this case, the...

ruebennase P

Hello Traders, India`s stock exchange was closed on Friday, and so the market has time to take a deep breath before the next move! But what would be the direction of it? This analysis try to give an answer. The Futures have pointed lower as per my indication. So the "sideways consolidation I argued could become into focus next week. While the future as N50 was...

ruebennase P

Hello Traders, NIFTY50 has extended to my mentioned area and a bit above. Today's closing price was @ 17812. Day`high @ 17825! It has furthermore extended to the levels on March 6 and closed another open gap, left by trading on February 21-22! All this was inline with my analysis, many days ago published! While N50 is extending his gains since early March, and...

ruebennase P

Hello Traders, My thoughts and idea's as of my latter analysis are still valid! NIFTY50 filled the closed gap, what was done on Wednesday, with volume and extend to 17599 on a daily closing price. It also closed at an area, where bears and bulls were invested nearly equal with their options and Futures. So I guess, this level will be really important in the coming...

ruebennase P

Hello Traders, NIFTY50 raised this week to 17557 on a closing basis, and extend well above my first target level, mentioned in my latter analysis! It, too, closed a first open gap, left by trading on March 09-10! And last, it popped well above the declining trend line, connecting the levels of 18696-18201-17428. This is getting possible interpretation into...

ruebennase P

Hello Traders, as I wrote in my latter analysis, NIFTY50 took the "last" chance to reverse the trend! After three red candles, building a bottom at or around 16910-16920, trend reverse and popped up with bullish volume above my cited, important range @ 16207. The week's close was at 17359! From an Elliott wave perspective, we have two alternates. First is, this...

ruebennase P

Hello Traders, after a short "counter-trend-move", that nearly exactly touched the declining trend line (black), including my expected gap-up, weakness again caught NIFTY50 and has corrected the 0.786 Fibo of the advance last trading week! For the bullish idea, it is important to start now the advance to and above the midweek high @ 17207 level and jump above the...

ruebennase P

Hello Traders, NIFTY50 dropped close to the mentioned price range, as per my latter analysis! Today's low was @ 16828; I called for 16750 area. Either it was all of the correction and N50 will start a "counter-trend-rally, or one more lower low is needed to end the correction. At the latter case, N50 would drop into my favored price range @ or around 16750-16641...

ruebennase P

Hello Traders, the bearish trend is intact! NIFTY50 is correcting to lower lows, and as long as there is no pattern for a bullish reversal, the focus should be on the short side. On Friday, N50 gaped to the downside, what is a bearish sign. The gap is a 146 points; massive! It also moved into the support zone, marked with the rectangle. A break below the lower...

ruebennase P

Hello Traders, NIFTY50 broke the lower low @ 17761, a wave a level of Subminuette degree. This opens the door to new lows during last weeks sessions, and the question for the coming week:"Was it all? Or is more trouble ahead? For the bears. A break of 17353 is the key to collaps to lower boundary of the rectangle @ 17270, and below to 17098 – 16950! Here, a...

ruebennase P

Hello Traders, as I wrote, the latter week. The correction continues! NIFTY50 failed to break above the high area @ 18052-18265. This is my expectation for rising price in the coming days and weeks ahead. From a technical perspective, N50 touched the down slopping trend line @~17884. From this level, it needs a push to the upside to end the decline and start a new...

ruebennase P

Hello Traders, on Monday, February 6th, NIFTY50 open with a gap-down. The correction morph into a "three-down", which could be a wave 2 of a new impulse, or it is part of the longer lasting correction, started on December 01! Anyway! The decline since, established a trend-channel, connecting the highs @ 18696 and 18201, both are wave ((B)) levels and part of a...

ruebennase P

Hello Traders, on February 01, NIFTY50 has shown a wild ride! After a positive start of the session, it declined in a massive selling panic to 17353, where it bottomed and set a new low in a possible wave ((c)) of y! Here, too, it touched the declining trend line, connecting the highs of 18598-18383! After it reversed and move to 17854 on a closing price! Was...