AN MORNING STAR PATTERN IN SGX CAN TAKE NIFTY TO 9300 SEE !!
COMPARING MY LAST STATEMENTS WITH REAL MOVE IN SGX NITY
1.In point no.3 I clearly mentioned that a divergence in price to volume is seen this can test the lower limit of red zone which you can see in fig I circled in green . Same happened. That is whyI always say market show friendship with my analysis.
2. Now next what? In nifty post with upper time frame I showed you bulls of week aggresive nature are being trapped for last 8 sessions. I explained in detail about it. In later update those seen post earlier can see latest update where I posted lower time frame chart in which I showed local distribution is going on that is why nifty is reluctant to fall . In my previous posts I already shared that Nifty bottom is likely formed so nifty has to travel less than banknifty where bottom is not formed so travel distance of bnf is more compared to nifty. Bnf can give new low or test previous low in coming days.
3. Lets compare the signals given by sgx in this fig. then match with nifty signals . In sgx nity i cirled in green area, where morning star is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go in 1st micro zone. If momentum is good then go to 2nd micro zone near 9300. On the contrary If 2nd micro zone in lower side is breached and price do not come back in next 30 mins then market can see a fall. If we compare both set up together , we find in nifty chart green trend line testinglevel is 9300 and sgx 2nd micro zone upper limit is also 9300. Therefore, probabilities to move up increases.
4. All conditions in every chart i mention clearly for you all . When i devote that much time in analysing and writing . Its your duty to understand it by devoting maximum time to take out your trades , that is called timing with the help of this analysis. If any confusion in reading it then write to me always welcome. For entry and exit timings I can not help because every thing is mentioned in charts tune your mind to adopt it. Rest market will decide.
YOGESH VATS
1.In point no.3 I clearly mentioned that a divergence in price to volume is seen this can test the lower limit of red zone which you can see in fig I circled in green . Same happened. That is whyI always say market show friendship with my analysis.
2. Now next what? In nifty post with upper time frame I showed you bulls of week aggresive nature are being trapped for last 8 sessions. I explained in detail about it. In later update those seen post earlier can see latest update where I posted lower time frame chart in which I showed local distribution is going on that is why nifty is reluctant to fall . In my previous posts I already shared that Nifty bottom is likely formed so nifty has to travel less than banknifty where bottom is not formed so travel distance of bnf is more compared to nifty. Bnf can give new low or test previous low in coming days.
3. Lets compare the signals given by sgx in this fig. then match with nifty signals . In sgx nity i cirled in green area, where morning star is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go in 1st micro zone. If momentum is good then go to 2nd micro zone near 9300. On the contrary If 2nd micro zone in lower side is breached and price do not come back in next 30 mins then market can see a fall. If we compare both set up together , we find in nifty chart green trend line testinglevel is 9300 and sgx 2nd micro zone upper limit is also 9300. Therefore, probabilities to move up increases.
4. All conditions in every chart i mention clearly for you all . When i devote that much time in analysing and writing . Its your duty to understand it by devoting maximum time to take out your trades , that is called timing with the help of this analysis. If any confusion in reading it then write to me always welcome. For entry and exit timings I can not help because every thing is mentioned in charts tune your mind to adopt it. Rest market will decide.
YOGESH VATS
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