Purpose of this study is to capture broader view on NIFTY and its Future movement based on last 15 years historical data (Nifty Spot). This document is for Educational and analysis purpose and not for trade and investment. Following consideration has been taken for the study. Refer chart along with this document for better understanding.
• “Monthly candle”, “Fib ...
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Note
Regional Idea hence hindi used in the text.
DIsclaimer
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Why this happened - A cycle got ...
I am looking this could be the next move , its not going to be a big pull back , it will be very weak and back & forth on smaller time frame
you might see high movement in smaller time frame due to fear of Market Further Crash
Look for sell on rise method , its not wise to go long on such pull back
Ref: Various announcement from CenBank. (Impacted Market negatively, like: BANK of Baroda - Vijaya Bank - Dena Bank merger). Super-active decision relating to Yes bank (two announcement in same EXP. First one before 1st trading day & second one in Holiday - Muharram)
On Last session FPI invested 700+ Cr.
Announcement made by CenBank regarding FPI / NRI investment ...
1) The present upside started on 15th Feb 2016 indicated by a Positive Divergence and since then price is moving within an uprising channel.
2) Within this channel, price made 3 tops and 2 dips. Dips were supported by 50 Week MA.
3) On 27th August 18, a Negative Divergence was formed and the same triggered on weekly as well as daily charts. So price is heading ...
Trendline has been broken on weekly closing basis.
BankNifty may go side ways or it may correct in upcoming days if it fails to close above 26000 next week.
Also 26000 is the Fib 50% retracement of the last trend..
DHFL - SHARE PRICE PLUNGED AS MUCH AS 60 PERCENT TO HIT FRESH 52-WEEK LOW OF 246.25 AMID HIGH VOLUMES, BUT MANAGED TO TRIM A BIT OF LOSSES ON FRIDAY.
TOTAL QUANTITY TRADED ON FRIDAY AROUND 115.30 MILLIONS
HOWEVER DELIVERABLE QUANTITY WAS AROUND 20.10 MILLIONS
THE STOCK SETTLED AT 351.55, DOWN 259.05, OR 42.43% ON THE EXCHANGE, DRAGGED MAY BE AFTER SELLING OF ...
Wave 3 was completed, now in the correction phase. The Wave 4 will end at 50% retracement of Wave 3.
Can setup short selling trade for the 1135 target.
Good Buying opportunity at 1135 level for Long term.
Buy Around CMP With Sl 320
1st Target 400 Around 38% Retracement
if successfully complete retraced 38% Level
Stop Loss Revised 380 and next Target 450++
It seems that NIFTy50 has formed Head and Shoulder pattern and yesterdays freaky Friday broke the shoulder level.
However need to check whether this crash was one off event and whether NIFTY will manage to move up from here.
NIFTY recovered its intra day loss and ended at a good support level
