Hello Traders, another open target has been achieved today! Today's low was @16296; my target area was around 16300! On it's way down, N50 has broken the black trend line to the downside, what is bearish! It needs a break to the upside and above ~19540 range, both intraday and on a closing base, to send "bullish" and recovery arguments. If this could happen,...
Hello Traders, NIFTY50 has achieved my first target-range @ 16430. Today's low was @16423! A close above the 0.618 Fibo @ 19532 could be a good hint, that it was all for shorthand! If not, one open target could be @ 19371. At this level, waves c=a! More bearish potential exist! As I wrote before. Another open area could be around 19300, while a break of this level...
Hello Traders, as I wrote in my latter analysis, NIFTY50 has paused his uptrend since the top @ 19991.85 points on Thursday 20. July! The outcalled price-targets are not achieved yet. So the room is given for more corrective setbacks into the area of 19500-19430! More bearish potential exist! One of the target areas should be at or around 19300 and a break of this...
Hello Traders, NIFTY50 has set a new ATH @ 19991.85 on Thursday! Some points shy below the "magical" number of 20 k points. On Friday, N50 open with a massive gap-down @19800, and closed the day @ 19745. This behavior carries a message in itself! Probably, market will pause in an up trending area in bull-run! Anyway! After a massive rum of roughly 3k points since...
Hello Traders, NIFTY50 has risen this week to 19595! Just ~ 600 points below my mentioned target @ ~20130 range. And, more important, there has been no "corrective days" ahead, just hours! The trend is up, and above, 19303 it will stay so, too. A break of this area to the downside, would open the door to several "gap-close" levels, which will be discussed if...
Hello Traders, NIFTY50 has risen to 19523 this week. Levels never seen before! On Friday, we have seen a pullback to 19331 on a closing price. This pullback could be part of a wave 4 of lower degree. In this case, N50 will take some more days to "correct" this advance and once it was done, the trend will move up again! One price level for the possible wave 4...
Hello Traders, NIFTY50 did it! 19000 points for first time in history! What a bull-market underway! I am delighted, that we all could be part of this tremendous bull wave and I want to say thank you for your support and being my follower! As you will observe at chart, the trend is long/up! And as long the trend will not break to the downside, what would be...
Hello Traders, NIFTY50 failed by 1 point to establish a new ATH above 18887.60 points. The spread to NIFTY Future is wider; is around 56 points! So, for now, a "double-top" is one of the possibilities for the next sessions to come. As long as the top @ 18886 is valid, the path is to the downside. A price target for this scenario is the boundary of the...
Hello Traders, it takes 5 days for NIFTY50, to achieve the latter high and move to 18864 on Friday. This level is only 23 points below the ATH @ 18887 from 01 December `22! I expect a move to a new ATH in the coming week. After, if so to come, we have to analyze what could be next for N50. An overall view can give a good hint what probably could be the path for...
Hello Traders, at my latter analysis I wrote following: "Another argument for an ongoing bull-market is the fact, that @18730 range, a massive volume-gap took place. These volume gaps are very often passed through quickly! !" This was exactly what happened! This morning, NIFTY50 popped to a 18778 range; just 110 points below the ATH at 18887 on December 01. I have...
Hello Traders, NIFTY50 has achieved my price target for the latter week! It popped to 18662 on May 30! This was forecasted at my latter analysis! The "pull-back" to the upper range of the rectangle, could be qualified as a test of the fresh buy-signal, set last week with overcoming the 18459 on May 23 and December 19-21 past year! If this range stays valid in the...
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...
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...
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...
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...
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...
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...
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...