Bearishnifty
nifty prediction for the upcoming trading sessionsVolatile start for the week!
Gap up- downward trend in the first half - closing in positive.
Currently, we can see a symmetrical triangle and breakout/down can happen, with the immediate range of 16587 and 16373.
21 and 55ema are also closing in.
Option buyers should stick to buying ATM strikes and should maintain tight SL
Nifty : Probably the Most-Delayed One... !Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis !
We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves already happened & its over, so there is no use in that. So Let;s concentrate on what's next for Next few sessions.
We have two zone's marked up & on hitting both zone's ( 9780's & 9820's ) We are looking for shorts in Nifty. It's something an individual trader needs to decide to choose which zone to short for based on his/her trading strategy what we have predicted above is reversal zone's which can hold or at times may not. Based on your trade style your stop zone also varies the most vital thingy, so consult your trade plan & check your risk & see whether it allows you to take this trade. Now I will address your big query, Whats this affection towards If's/But's/Maybe's in trading ??? Don't it look like a cat on wall ?!
Yes ! They are scary conjunctions & auxiliary verb's in Trading ! In an Analysis or Prediction these are allowed, perfectly fine but check again how crystal clear we are on our trade style, we are looking for shorts only in Nifty but the ways we predict the movement in Nifty are with those grammatical's.
An Analysis/Prediction is completely different from Trading. It helps your trading / gives you direction but Not the Right to Trade !
InsiderB
Nifty : Not just making money, We are Minting Money !Nifty analysis is over before we begin to start, yes true. The expectations and scenarios for the day are given in chart itself and it opened right at trendline. Lets move to something interesting..." What we made during September ? ".
You guys know I did same for last part of August month, For September I consolidated details on Saturday itself but I was highly oscillating should I share this or not ? Finally decided to share with some disclaimer.
(a) I'm not comfortable revealing My trading journal, so Details of Trading journal not revealed here only tradingview.
(b) Its not to show off or I made this much or to make someone jealous
(c) Its to motivate you guys to learn about trading properly & to use that knowledge with discipline to trade.
(d) Tradingview is all about transparency thats what they mentioned in Blog, so I'm going transparent about charts I posted.
(e) I like to view/take things lightly, thats My Style - you all know.
Again its purely to motivate you & instill confidence... Here comes details :
To keep things simple, I considered trades as Intraday & closed by EOD
1-sep-16 No trade {Range Day}
2-sep-16 No posts, so considered No Trade
6-sep-16 +90 pts { Bullish Flag Break ; Butterfly no entry at all }
7-sep-16 +25pts
8-sep-16 +55 pts
9-sep-16 +70pts
12-sep-16 No trade { stayed away }
14-sep-16 No Trade {Range Day}
15-sep-16 +20pts { the late Gartley squared off by Eod }
16-sep-16 +90 pts
19-sep-16 (-)10pts(Range Day)
20-sep-16 +30pts
21-sep-16 (-)20 pts
22-sep-16 +15pts { squared off by Eod }
23-sep-16 +25pts
26-sep-16 +45pts {On trendline break}
27-sep-16 +25 pts { squared off by Eod }
28-sep-16 +15 pts { squared off by Eod , Nifty moved exactly on the path drawn but we got 1 entry only }
29-sep-16
When everyone said North, We stood against Bulls and tamed Bulls, even when whole market panicked n dropped , We stood against Bear force & hunted them like Gladiator. My posts are proof of it, so trend or countertrend follow your plan with discipline, Even if whole world is against Us, Success will be Ours !
Signing off,
Insider B