Hello Traders, NIFTY50 broke this morning above the blue dotted trendline with a gap up, may to indicate as an "continuation gap" which, at the other hand implies, one more up to complete the move with an "exhausting gap"! If such a gap up has to occur it must be close within the next trading hours of the following 1-2 sessions and will indicate that the run from...
Hello Traders, back from a short holiday (to short..) lets look what NIFTY50-darling has done the last days!" The past week NIFTY50 made higher highs and higher lows and to my view broke out above the former high, placed at 10137.85 and 10178.95 at Sept.19! The pattern from Aug. 02 at 10137.85 to 9687.55 at Sept. 28 was a flat-correction, labbeld -((iv))! This...
Hello Traders, after showing 4 days with new ATH`s in a row, today NIFTY50 was lagging, even at a/d-Ratio (0.388) and also by price with a negative close at 10210.85 (-20p/-0.20%)! Even all Major Indexes failt to create new ATH`S as NIFTY Bank, NIFTY200, Sensex, while USDINR is showing solid move over the last two days. Todays pattern is to categorized as a-b-c...
Hello Traders, todays move at NIFTY50 set a new ATH at 10242.95 on an intraday basis and also by closing bell @ 10230.85 (+63,40p/+0,62%). A/D-Ratio was solid at 2.125! At chart picture we have a clear structure by making higher highs and higher lows, which define a uptrend. In EW terms we`re at subwave v of (i) or we`re in a longer sideways move and consolidation...
Hello Traders, NIFTY50 run it`s way today also by making a new ATH at 10191.90 and fullfil the forecast by some points above my targetzone (10150 area)! This move was accompied by a strong a/d-Ratio at session start (2.97) but after that it was still lagging the rest of the day and closing at 1.77 (EoD). Observing the chart we can see, that today´s move is either...
Hello Traders, NIFTY runs exactly it`s course and touches today my favored targetzone at 10104.45, some points above my stated level of 10099! This day was supported by a solid a/d-Ratio of 4 (40/10/-) and it is possible as u can see at chart to labbel the advance complete by making a new high in this advance and showing a clear 5-move-pattern up! NIFTY50 also...
Hello Traders, as I wrote yesterday..:"...and we have just one more up sequence to complete wave v (blue) and a decline is just to look for. Please note the divergence at RSI and NIFTY!" So exact this happens that morning by made a new high at 10067.25 and thereafter NIFTY reversal sharp to 9955.85, just some points below my targetzone of ~9700! NIFTY played out...
Hello Traders, not much new to add to NIFTY50. At Sept. 21 NIFTY50 trade the last time above 10K level. Today the close is at 10016.95 (+28.20p/+0.28%) A/D-Ratio was just at 1.526 which is not a top level but still support the view to a new advance. Todays top was set at 10034 and it is just some points away from the 10044 target where wave ((iii)) is the 1.618...
Hello Traders, lets have a look to NIFTY50 on a weekly basis (Log scale). While Trader "sachinjain19" asked me about a triangle consolidation, I ask my self if this is an opportunity?! Of course, if the count is right and we have seen a top in wave it is. Cause in a wave 4 you always can expect a triangle or a Flat correction , by understanding alternation in...
Hello Traders, Nifty50 had another strong day. It rises +91 point (+.92%) to 9989.35 at top, close that day at 9979.70 after opening to 9908.15. While the a/d-Ratio jumped to 4.55 today it suggest to me a strong advance has started which will bring NIFTY at and beyond his latest ATH @ 10179.85 in several days and weeks. We also have an alternate count, which is...
Hello Traders, NIFTY50 rised this morning to my favored target zone at 9945,95, retraces 0.53% of the decline from 10178.95-9687.55, reached to the level of the previous wave 4 and reversaled sharp after touching that level. So to my view the corrective move in a wave ii is done and a sharp decline in a wave iii -0.08% of c is at forefront. Trading below the wave...
Hello Traders, after NIFTY50 a/d-R jumped to a high yesterday at 3.16, today it was a bit shallow at 1.94, but ending the day @ 9914.90 (+55.40/+0.56%)! NIFTY50 also achieved the minimum target at 9921.05 yesterday, the wave 4 level of one lesser degree and the 0.38 RT of the advance from 10178.95-9687.55! So, as many times before we have two different options ...
Hello Traders, today NIFTY50 start with a massiv gap up to 9893.30 after closing last tradingsession at 9788.60, set his high at the first 15 min and decline to 9831.05, move more or less sideways, while closing @ 9859.50 (+70.90/+0.72%)! The a/d-Ratio jumped to 3.16 and it marks either the start of a wave 1 and a new advance or it is the end of wave ((A)) as it...
Hello Traders, as I wrote yesterday NIFTY50 made a new low for that week at 9687.55, just 2 points away from that level which eliminate the option of a "running flat"! So overall the decline look not complete, specially the VIX pulled back after complete a 5-wave move yesterday. An a-b-c bounce is on the way (VIX) and where you can see one 5 move, the second has...
Hello Traders, as I wrote my last analysis wave c has started and bears show their power. All targets have been reached at my analyse on Sept. 25! On Monday I labeld the INDIAVIX in EW-terms and today we can label a five-wave move complete. Also we can do this at chart of lower timeframes. On a daily basis all major Indexes at India as the NIFTY500, NIFTY200,...
Hello Traders, the selling pressure which start strong at Friday hold on that day. Nearly the complete session declined that Index, just the last hour shows some Buyers at the floor. Todays data: o: 9960.10; h:9960.10; l: 9816.50; c: 9872.60 or (-91.8p/-092%) The a/d-Ratio was very low at 0.36 (13/36/2) at the end of the day. Markets action the last two days show...
Hello Traders, Fridays trading was a sharp decline with the following levels: o: 10094.35; h: 10121.90; l: 9952.80; c: 9964.40 (-157.50p/-1.56%) A/D-Ratio collapse to 0.09 (4/47) the lowest since weeks! At the higher timeframes (4h) it look like a wave c (Minuette) degree has started down after completing a "expanding flat" pattern at Sept. 19 at 10179.95,...
Hello Traders, today's points of trading: o: 10139.60; h: 10158,90; l: 10058,60; c: 10121,90 (-19.25p or -0.19%)! A/D-Ratio was at 0.515! Today session has shown a correction which is possible to label as an a-b-c decline or a -w-x-y which in both cases not already done! So I suspect that a wave y is the next move ahead, which will complete a double zigzag or a...