Hello Traders, sometime pattern need time to develop. So it was after the dramtic slide in US Markets as it was at India Major Indexes and World leading Indexes too. Still it is not serious to count a chart without clear pattern or alternate interpretation. That`s why I took the time to publish my new analyse. In the first move NIFTY50 plummeted to 10276.30, the...
Hello Traders, this week opening occur with massiv gap down to all Major Indexes around the World! US Markets are still in fear as of Deflation, Inflation, of higher rates and, and, and! The same analyst who wrote the last weeks:“..the Sky is the limit..“, appear to know why the market is falling now! That is the tragic of those writers! My last analyse from...
Hello Traders, at todays opening bell a huge gap down occur at NIFTY50, by opening at 10938.20 after closing previous session @ 11016.90! During Fridays trading NIFTY50 was declining over the day and close the marked at 10760! At todays low at 10736.25 two Fib-levels took place; the 0.382 RT of wave ((3)), green and the 1.382 FibExt (11171.55 -10878-11117.35)! Two...
Hello Traders, since the ATH @11171.55 NIFTY50 is in a wave ((4)) correction and a wave (a) was done today. After a positive opening today NIFTY50 declined to new fresh lows at 108778.80 and reversed sharply after! This was either wave a of (c) or wave ((4)) is done. A/D-Ratio was at 1.1 while NIFTY TRIN was at 0.88 at closing, indicating an intradayreversal has...
Hello Traders, this morning NIFTY50 touched a new ATH @ 11171.55and it is possible to count a five-move up as you can see at chart. I labbeld this a wave ((3)), green and the odds are likely high that a top a wave ((3)) is in plce and a shortterm correction ahead. Targets for that case is at 11009.3, the red trendline at chart.If the top is at the other hand a...
Hello Traders, todays NB misses the pricetarget that I have labbeld at chart (blue line) at 27530 just by some tics! The high was set at 27522.85, after that NB traded a bit below and close the market @ 27381.40 (Tradingview)! NB has also risen in the blue dotted trendchannel, which also shows how importand and helpful this „tool“ in EW-terms is. As I wrote at my...
Hello Traders, since my last analyse Bulls and Option/Future Traders has push the Marked to new ATH, by lifting NIFTY50 well above 11K, closing the Floor at 11083.70 and intraday high at 11092.90. A/d-Ratio was solid at 2.3, while TRIN was closing at ~0.67, indicating a solid Uptrend. Notice that NIFTY has exceed both, the blue and the red dotted Trendline of the...
Hello Traders, NIFTY50 had risen this week to new ATH`s, in unison with other Major Indexes. This indicates a intact and widen bullmarked which may has start a wave (v) of III (circle) of 5 of Minor degree (weekly). At the shown chart (180 min) you will observe the dotted blue trendchannel which indicate that the advance is not at the end and has shown a...
Hello Traders, by exceeding to new ATH`S with most of the Indexes, today was time for „Cash into the pocket“ for traders. They sold broadly the market, specially by observing the No of traded contracts at NIFTY50, to my view (92.019 Contrats), the Volume was also high at 6.9m (Jan Contract)! Most of the Major Indexes are showing reversal candlestick-pattern, as...
Hello Traders, as forecastet for Nifty Bank on Friday, after a Gap up, NB declined to 25557 and reversed thereafter sharply, but failed to make a new high! So, this behavior let place for interpretation and lead me to the both following opportunitys. The bearish case that NB is moving since 25953.5 on 2017-11-28 in a corrective pattern, which was completed at the...
Hello Traders, to be honest...it is very heavy to count NIFTY 50 or Bank Nifty in each timeframe this days. Shortterm (20 min chart) the odds are really great that NIFTY50 will decline in a wave (c) of 4 within a flat pattern to ~ 10600 zone, and thereafter with a strong reversal moving up to new ATH`s! Notice that after completing a flat-pattern (one typical...
Hello Traders, because offrantic days I am not able to do many words. This count is the bullish one with the includet target for a possible wave ((2)), blue and the MOB level for the bullish case from my view! Be patient and be attentive to the downside! Have a great day... ruebennase
Hello Traders, at todays Tradingsession my observed Indexes reached to new ATH`s, except NIFTY IT! At the hourly chart you can observe that NB had a strong day by exceeding to 25594.85 on a closing basis. NB gaped out of the Trendchannel (Bullflag?) and is on it`s way to the decling trenline (grey) just tics above. Because of the rising prices at broader market...
Hello Traders, as I wrote yesterday: „Shortterm it is not yet possible to count this move in an impulsiv manner, but it look like it could be one during tomorrows session, indicating a sideways move within a flat or forming a triangle within a wave 4 and a decline to new fresh low, with a strong rebound after this may will occur! „ So at 10404.65 NIFTY50 finished...
Hello Traders I wish all Readers and Traders a Happy new year! NIFTY50 opened the day with less volatil and arange trading by around 30points. One and a half hour befor closing bell volatility spikes up and NIFTY starts declining by more than 100 points to days low @ 10423,10, and bounced a bit back to closing price at 10435.55! VIX moved sideways while of course...
Hello Traders, since yesterdays new ATH @ 10552.40 there is not much new to add! Since than, market traced out lower highs (@10534.55) and lower lows (@ 10460.45), by breaking the blue, dotted rising trendline at chart. Till here it is a clear three-move-pattern (which is able to draw in a trendchannel pink), while prices retreaced today the 0.5 FibRT from the...
Hello Traders, todays session brought a new ATH -0.99% on a closing (10531.5) and Intraday basis @ 10545.45. Both occured with a strong a/d-Ratio @ 3.6! Keep in mind, as I told you before, that often the strongest a/d-Ratios occur at the end of an advance, no matter which degree we`re trading and counting. Observe the chart, were I have left some marks to check...
Hello Traders, since NIFTY50 and other Indexes dropped because of the Election result last week to 10074 the pullback look to me like a „b“ wave and is close to end or has do so last week. That means short term another decline is at forefront to 10386 which is the 1.618 FibExt of wave a or to 10215 zone! More barish potencial exist. VIX is at low reading (11.60)...