Good evening all,
Last week:
I was out on travel and wasn't able to look at the index at all. Sometime, a break is essential.
This week:
The downside move look to continue and can be brought at the current level or on a pull back at 36230 for a potential target of 35530 and then 34825. Why I think the pull back will happen is because the RSI at 26 and has...
Good evening all,
Today: As expected and mentioned, BNF did the 38115 - 38000 at the start of play and then bored us to death. The 450 point up and down was clear Wednesday premium eating tactic, but we knew better.
Tomorrow: We are at the brink of 38000 and may see bomb explode if sustained below 37900 or a slow death if it gets stuck between 38000 and 38500....
NO Clear view. No clear direction.
For tomorrow, nothing suggests a credible move. So again, money saved is money earned.
Look at the daily view however.... Id sustained below 35300 then we may even see 34850- But we do that we care and utmost caution.
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like,...
Good evening all,
Today: After a long wait and almost having given up, out 'short' entry arrived and gave around 130 points. Lack of time prevented it from us achieving our fist target. Which also means, we may expect a gap down to around 38115 tomorrow morning. Another good thing in today's move was the structure it built for us take a 'long' entry tomorrow if...
Good evening all,
Yesterday: Stuck between the range we had marked and importantly did 3 things; 1) failed to break down on the multi day resistance line 2) stayed above 38500 and 3) respected the new dynamic support line. Providing us optimism for today
Today: The 'long' story now some bit encouraging. Above 39200 though. And the short story stays as from...
Good evening all,
Friday: I had asked for us to be patient and the index tested that. Nothin to rave about and NO entry.
Tomorrow: The 'long' story again is very grim and nothing changes till 39500 is breached. With the multiday dynamic resistance line been broken out and a double bottom at ~ 38500, we may see an upward move. But nothing till 39560. On the...
Good evening all,
Last week:
The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October.
This week:
Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at...
Good evening all,
Today: It did move and which it did want to. 350 points from our short entry levels. But that's not it. If it sustains, it will move further down. Patience is the key tomorrow.
Tomorrow: The 'long' story is very grim and nothing changes till 39500 is breached. I haven't marked levels (they stay as from yesterday) on the chart as I wanted to...
Good evening all,
Today: After a wildish drop of 300 points, the index formed a base at around 39000 setting us up nicely for an either side move. The imperative words here are 'set us up'. Be careful, very careful. Two days of sideways hang-fire will give in at tomorrow's expiry.
Tomorrow: So, it is going to be tricky. Volatile moves on either side are most...
Good evening all,
Today: Like I said last evening.... It will bore us and it did. Respecting the resistance line for a very long time, only to peak out on the last candle in the 30M time frame.
Tomorrow: With RSI still at around 50, and range not broken on either side, the chart is CTRL+C, CTRL+V from yesterday. A minor adjustment to the short target 1...
Good evening all,
Today: We saw the 39300 level breached and made us achieve 2 targets. This probably is a well received pull back if the market has to go up.
Tomorrow: With RSI at 50, the market can go either ways. On the way up, I still hold my view above 40160 and below 38785 for a good move. With a daily ATR of 700 points, this range 1300 points may just...
Good evening all,
Last Week: Hope you had a safe Diwali. Like the range index was in. Nothin more about that. Only that, it has set up very well to move either ways.
Tomorrow: We have a range of 850 points that we need wait to be broken. Above 40160 and below 39300 we should have a good move. More optimistically above 40160 which also coincides with the daily...
Good evening all,
Last week:
Short Week, and a very narrow range. Just 200 points. Everyone wanted a safe index and a safer Diwali.
This week:
So from here, we look at two important levels on the dynamic trend lines. Above 40160 and below 38400. On both sides the target room is around 700-800 points with almost equal RR.
*** This is a view and not necessarily...
Good evening all,
Today: While the market did not open up with a gap, our 1st long target was achieved very quickly (well just 11 points shy) only to pull back and then achieve it again. After that, as predicted, a range of around 300 points. Why? well Tuesday behaved like Wednesday because tomorrow is expiry and the previous day is mostly premium eating day for...
Good evening all,
Today: Like I mentioned, range bound market in the first session and then surged up to show optimism in the second. Normally, I wouldn't advise on carrying a position but breach on 39775 looked promising.
Tomorrow: We just may see a gap up opening at around 40K and then either a range or reverse. If it has to sustain the climb, then 40136...
Good evening all,
Friday: Since I wasn't available for the past three days, I will stay away from providing any analysis on something that I had no view on.
Tomorrow: While my weekly view is inclined on a short, we will look at rise and dips through Monday and Tuesday and trade accordingly. The dynamic resistance line from 27th November was breached on Friday...
Good evening all,
Last week:
We saw a huge down turn from the supply zone at the top to retrace up to our marked level of 38450 and then settle at 39115. In doing so, it also breached the multi day support trend line showing sign of weakness. Now we need to convert this into our strength.
This week:
So from here, we wait for support zone at 37700 to broken if...
Good evening all,
Today: A huge gap up opening almost nullified out entry. However the pull back provided us with an entry at an elevated level moving our SL too. And then, a comfortable 800 points. This, thanks to the support trend line respected and a huge room on top on the hourly chart.
Tomorrow: I have moved from my regular 15m / 30M time frame to the 1H...
