yvatsji
Long

NIFTY IN FINAL LEG OF IMPULSE WAVE VERY SOON CORRECTION START !

NSE:NIFTY   Nifty 50 Index
COMPARING MY STATEMENTS OF THURSDAY WITH REAL PRICE MOVE NEXT DAY.
1. In my previous post point no.2 quoting for your consideration " why i did not advice to go positional short just because of this move manifested yesterday. In bnf I gave advised to go short but here did not." See for last two post on nifty I have been saying continuously til the red dotted trendline with red solid support is not taken out there is no change in trend. nifty moved up respecting that solid red support.This condition saved all traders who wanted to go short or in short trade if followed religiously. In bnf also two days back I shared to go short that also gave good points One of my followers earned 455 points per lot , He shared on same day with his plan in form of fig . how he took this trade. Bnf was in sell mode so advised to sell but in nifty no advice of shorting. There was divergence in structure in both indexes. I thanks @gautam5126 to show his personal trades for seekers selflessly . He wrote the reason of taking that trade and I am impressed. All readers should visit comment box for new aspect of learning by others. Even I also give educational replies to seekers.
2. In point no.3 I wrote " If last two hours are strong buyers then tomorrow can give gap up opening to break this structure otherwise gap down." ' Those who took positional short today as per my condition which I shared yesterday is not fully filled. so can be risky." . See when this sort of advice and conditions are shared I feel definitely it gives you great help in taking right decision at right time. In every post I emphasize to strictly follow all conditions. That can reduce your fear to going wrong. whether in case of entry and exit.
3. I am happy that my conditions are getting popular among traders that is why nos. of trollers increasing day by day. They themselves have no potential to publish correct ideas and trying to stop me. Am I taking your earning ,market is open any body having potential can earn. The best part in trading is no competition with co-traders . The more participate , the more liquidity will be in system. Still you all have problems. Stay with your problem I will guide genuine seekers. Til they are present in society.
4. Now see two candles I circled in pink when ever you get this sort of setup near resistance or support I every time see price action carefully . This will move maximum time upside. Both candles showing buying pressure ,selling pressure creating confusion among traders. Take long with sl of buying pressure wick. In case it gets failed then opposite side sentiments gets activated. Every day market make new pattern That my bit is to clear you same.
5. Green resistance is the area from where this move will be completed and nifty can start correction of this prolonged impulse. One more thing dow is at tough resistance as nifty is so this up move may come to an end soon. til then buy on dips. Rest market will decide.

YOGESH VATS

Comments

Sir
Can u guide in cash mkt trading also ?
+2 Reply
yvatsji pasadpankaj5
@pasadpankaj5, What is your query regarding cash trading.
Reply
Hi , Just a feed back to all , I am also a trader ,the most important for a trader is Discipline . Now i can see a lot of messages here si that where can i short nifty . Whyyyyyy !!!!
If you are trader , all you need is a couple of points is Long or Short trade . Why are we biased on thr down side . lest go with the trend . And try to understand the movement .
The best blessing is that we have @yvatsji , Yoeshji with us , We as traders cannot get such good levels to trade on ..Just follow the entry , SL , Target .And learn from each trade .

@yvatsji , Please feel free to add or correct me . Rgds
+2 Reply
yvatsji pannkajrchopra
@pannkajrchopra, Perfect you understood so clearly I want every body stand its own with the help of manifestation of conditions in every post . sl,entry and exit is all there just follow conditions. Good advice to fellow traders. keep it up! cheers...
Reply
Great! So we can short at 10370-10400?
+1 Reply
yvatsji sanketsudan
@sanketsudan, let the things get unfold. Til now structure is not broken.
Reply
Has the final leg lost its power? Reversal started?
Reply
Looks like 10557 (1.628% retracement of fall of 9889 to 8807) is the immediate target of Nifty but not at a go. Would correct from the green line to red before so. Just my view
Reply
@yvatsji , sir i was reading news and going through india situation of C19, don’t we think that situation is getting worse in India and sentiments are not good but market is heading because of open economy across the world. India ground situation of C19 and current shape of Indian economy won’t effect the market going forward? Just asking bcoz all other countries C19 curve has almost flatten whereas india C19 curve is exponentially growing and situation is getting worse everyday in cities which contributes 80% towards GDP.

Please share your thoughts Sir
Reply
sir in dow jones bearish harami pattern formed . if observation is wrong please correct me
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