NSE:NIFTY   Nifty 50 Index
Hi Traders,
1. O 7th of Nov 2020, I wrote In my weekly blog on nifty is quoting to understand the move of last week. " A blue line is seen in fig. if this is taken out in both a time frame of 1-hour and 15 min then you will see further move but I would not be convincing from that It might travel 150 to 200 points ultimately trapping bulls will come down." Here I was expecting an up move of 150 to 200 points more, the black color line showing the almost 200 points, the sentimental change point. This blackline had to start its downtrend if you see carefully exact after a gap up opening a perfect upside candle was made taking the support of that point circled in red. This is the time where one has to change her/his biased to the upside. Had I been the daily blogger of yestertime, I would have been updated that change of sentiments. This is the classic example to show you how and when I change my sentiments to the opposite side. As I was expecting a trapping move and then 300 to 400 points fall. I have said many times that Whatever the levels I mark on the chart are so reactive and indicative that anybody can get the right direction if seen carefully. This time it did not change the trend rather gave you a big upside pressure candle. you just need to see it carefully. Ask yourself why all marked levels work so fantastically? Why I choose only those points for my analysis where information is always crystal clear. Else you have that insight.

2. Setting the previous chart for comparison with the current chart so that you can compare my previous statement with the real move.

Trade Plan For Next Week.

1. A green line is made upside which if taken out in both times frames 15min and 1 hour will give you more upside move. On the contrary, it could not take out then get ready to see range-bound trade to redline, if the price does not take out red line downside in both time frames.

2. In case the red line is taken out downside then you will see a fall.

3. For new readers writing about taken-out conditions how it is being implemented. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.

Yogesh Vats

Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.


after morning update on telegram and confirmation on chart ... shorted BANKNIFTY .. covered 2 lots with 225 points gain and and squared off 1 lot at the end of day... making total of 24k... THANKS for the update keep posting...

sir jitni tarif kari jaaye apki utni kam h.. hats off to your analysis and right time implementation.. morning you write that market will come to black line.. it came.. though i was in doubt of that.... but after coming there i shorted all the ce of ATM.. and it rewared me... thanks a lot sir for your regular updates
Hi Sir, firstly thanks for your messages in the morning. Even though I exited with a 10 pts loss (need more patience) but your messages gave confidence to hold the positions. Morning time it was showing big loss which could have created a panic situation but when you are there then nothing to worry. Thanks again for the guidance.
@yvatsji Sir thank you for your selfless service. I have high conviction on your analysis. I have taken some long position as per your analysis yesterday. Even i believe we will see a strong uptrend in the near future. But if there is any change in sentiments please let us know sir.

Thank you once again for your support.
Hi Sir, after a long holiday I'm back to trading. Today I had a positional hedged short position in monthly 13100ce but after that the market started moving up. Thanks to your analysis I was closely watching the taken out condition as well. Just when I was thinking that I might be in loss received your message and immediately bought 13000ce next expiry. Now I'm in green. Very much appreciate your support Sir. I don't think there is anyone else like you who is willing to help others generously. God bless !
yvatsji rsp2653
@rsp2653, Thanks for writing to support others.
In 1hr TF... Do u think,the three red candles formed evening star pattern?
sir, this time you have just given breakout & breakdown levels. no upper or lower targets.do you want to suggest max possibility of side way market ?
yvatsji ckirtane
@ckirtane, No it's not like this, See For the last one month I have stopped giving other levels only break out levels for clear direction. The market is in a strong upside trend one should not think of shorting the market. the dip should be bought.
ckirtane yvatsji
@yvatsji, thanks,i got it.
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