Hello Traders, after yesterdays shortterm impact to the Indian Markets, NIFTY50 plunged nearly 240 points by the opening auction. After that shock, NIFTY bounced back and closed the day with a positive result at 10392.80 after making it`s low at 10074.80. A/d-Ratio was positiv with 2.4:1; shortterm buying power seems to be exhausted. Overall the opportunity is...
Hello Traders, NIFTY50 gaped this morning (Fr. 15) to 10349.85, make it`s high at 10373.10 and performed the rest of the session weaker, closing the day @ 10326.80! The a/d-Ratio was very solid at 2.4! Take notice by the behavior of traders at the dotted trendlines, marked at chart. Both, the blue and the red one has been gaped away this morning, and just at the...
Hello Traders, NIFTY50 made it`s low in early trading at 10141.55, which is tics below my cited range of the 0.618 RT of the advance that starte at 10033- 10329.20, also a common target for a wave ii correction. At this level buyers come back to the tradingfloor and bought the Index to intraday high @ 10276.10, but closed the day at 10252.10, with a a/d-Ratio at...
Hello Traders, as of my last Intraday analyse NIFTY50 has risen up in a 5-wave pattern, to todays high 10329.20 finishing a wave ((5)) of i/a and after start to decline in a wave ii/b to 10230 by closing bell, which is a wave 4 level of lesser degree. While this move is to shallow for a wave ii/b I have have lesser targets at hand, may to 10213 or 10143, which is...
Hello Traders, Nifty50 gaped up today, as I expected for today`s session, closing the day at 10265.65 with a strong a/d-Ratio 3.6! VIX is still „collapsing“, RSI is trading above it`s bullish zone at 50. This weeks Candlestick look like a hammer, but it did not occur at bottom, but we handle it as one. By observing daily candlesticks, you can see that a second...
Hello Traders, today NIFTY50 open trading with a gap up and rallyd all day, by showing one of it`s strongest a/d-Ratio=6.2 over the past weeks. NIFTY50 also exceed well above my minimum target at 10155, closed well @ 10168.70! Here a 0.38 RT of the decline from 10409 – 10033 is placed. VIX is still showing weakness, while RSI and RoC pushed higher, it look to me,...
Hello Traders, NIFTY50 set a wave ((b)) high at 10409.35 at Nov.28! Since than it is declining in a wave ((c)) to new lows today at 10033.35! At 10006 wave c=a! Todays a/d-Ratio was weak at 0.22 (9/41)! pessimism is all around! I have labeld the decline as a 5-wave-pattern and it is close to finish . So at ~10006 it is possible that NIFTY finished it`s pattern and...
Hello Traders, after observing NIFTY -1.02% Bank for many days and I decided to update my count. Overall I stay bullish for NB. By measuring the lenght of wave i and iii -1.32% you will notice, that wave iii -1.32% is longer than wave i. So the rules in case of the lenght for wave 3 in general is fulfilled (...never the shortest)! Analysing wave i (red) and...
Hello Traders, as I wrote Nov. 23 and 28 the structure of the wave pattern look more corrective than impulsiv. Today the market has given the answer and send NIFTY50 well below my targetzone at 10292-10256, after completing a wave b of (b) pattern at 10409.55 and close the open gap from Nov. 16-17 at 10232.25! Todays low was set at 10211.25. The pattern that...
Hello Traders, not really much new to add. NIFTY50 is moving sisdeways within the last days, making a new high for the week at 10409.55 this morning, by showing a a/d-Ratio=0.82 and for 0.96 Monday, Nov 27! Again, by observing the wave pattern, we have to accept the overlapping move within the last days, which seams to be more corrective than any other...
Hello Traders, NIFTY50 has moved sideways within the past two days, which support my idea of a flat or a triangle correction as I wrote on Wednesday, 21! After closing the open gap yesterday (Oct. 22) at 10309.85, NIFTY touched this zone today for a second time, may creating a „double-bottom" short term from the perspective of the classic Chartanalys. Todays...
Hello Traders, Yesterday NIFTY 50 touched the 1.618 FibExt of the move down from 10343.6 and completet a three move pattern (a-b-c) to the downside, which is clearly corrective. Today NIFTY open trading with a gap up to 10326.0 and remains it open by closing bell. As long as this gap remains open the focuse is to the upside. Todays a/d-Ratio is at 1.38 (29/21)...
Hello Traders, this morning NIFTY50 open the day with a massiv gap to 10327.60 and made it`s high for today just short after at 10343.60. Since than NIFTY is showing some weakness (not suprising..) and give some points of it`s advance back! Todays high was just some tics above the 0.618 RT of the last decline (10490.45 – 10094.20)! This weakness is still to...
Hello Traders, as of my last analyse (Monday, Nov 13) NIFTY50 exceed 2 of my 3 targets in terms of price and touch the level at 10121 (todays low@ 10092.40) were wave a=c! So, the one of two common targets are fullfilled after declining to the minimum at 10188.50 at yesterdays session. Todays a/d-Ratio is at 14/37=xxx, also very weak again. So what to expect for...
Hello Traders, NIFTY50 finished a 5-move-pattern at 10266.95 (Sept. 11) and pull back to 10344.95 and made a wave b/2 high still here. The pullback was much shallower than expected (10405 was my target) and very volatil and declined strong to new lows at 10216.95 this morning. The shape of the countertrend pattern look like a triangle, and if this is one it only...
Hello Traders, NIFTY50 open today with a Gap up at 10358.85, set a Wave (4) and declined into a Wave (5) low at 10266.95. here a Wave a/1 at higher degree was done and a sharp reversal occurs to close the day at 10308.95. The countertrend is on the way to set a wave b/2 around 10368.45 or 10384.25 area, both are wave 4 level of lesser degrees. If NIFTY50 will...
Hello Traders, NIFTY50 was still declining that tradingday and close the session @ 1010303.15 (-47 points)! A/D-Ratio was much solid than it was yesterday at 0.96. Todays low at 10285.55 was set near the 0.23 RT from the advance that start at Sept. 28 and is close to finished the first leg of an a-b-c correction. May one more up-down sequence is needed to...
Hello Traders, today NIFTY50 declined the that day after opening at 10477.15, making it`s high at 10485.75 and set the low at 10350.15 points. Notice that price touched the upper red dotted trendline, drawn at chart and reversaled thereafter sharp to the downside. The closing price at 10350.15 is either wave a of an a-b-c correction or it is complete and one...