What I said last week was that Nifty’s rise can continue till 16650 but I did not know what would happen next. Now the following is my analysis for the coming week:
It may seem like Nifty is going green but looking at chart from April 4th, all that Nifty has managed to do is to create a lower high. With stochastic being in overbought territory, the indicators are that Nifty should not rise further. There is a support being provided at 16400. I expect Nifty to oscillate around that level this week.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 16800 and 16375
Downtrend - If breach below 16375; to drop somewhere till 16075
Uptrend - If breach above 16800; to rise somewhere till 17075
If someone wants to learn how to become hero from zero, just take inspiration from Crude Oil
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
It may seem like Nifty is going green but looking at chart from April 4th, all that Nifty has managed to do is to create a lower high. With stochastic being in overbought territory, the indicators are that Nifty should not rise further. There is a support being provided at 16400. I expect Nifty to oscillate around that level this week.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 16800 and 16375
Downtrend - If breach below 16375; to drop somewhere till 16075
Uptrend - If breach above 16800; to rise somewhere till 17075
If someone wants to learn how to become hero from zero, just take inspiration from Crude Oil
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Trade closed manually:
The week was smooth. I simply did what my system told me to do. I also added some common sense here and there. Furthermore, I was able to capitalize on some intra-day mean reversion opportunities. All these led to a good profit. Grateful to God, Nifty and the system
Net Profit (after deducting brokerage): 39611.63
Capital deployed (approx): 20,93,014
Week’s ROI: 1.89%
Total no. of weeks traded till today: 9
Average weekly return till today: 2.00%
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Net Profit (after deducting brokerage): 39611.63
Capital deployed (approx): 20,93,014
Week’s ROI: 1.89%
Total no. of weeks traded till today: 9
Average weekly return till today: 2.00%
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
