NIFTY : the wild guesscmp :24000
my predictions for market for next few quaters.
its a meme/joke kinda wild guess or gut feeling i m having based on my exp and no there is no logical explanation for this madness i drew .
i hope u take it with no seriousness(unless it happens perfectly then u need to call me rainmaker ).
stay away from banks, they are fragile and smallcap
keep money for black swan event and when in doubt stay out .
better to hold money than lose it.
cya people in 4 months.
Marketoutlook
Time to be Cautious in Nifty50 ?Nifty Ends Above 22,000 today, For First Time.
Time to be cautious?
The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar year 2024. Reliance alone is the biggest contributor in last 1000 point Nifty gain.
Furthermore, IT sector has led the Nifty rally and has spiked significantly in the last three trading sessions because of results backed by cheaper valuations.
The markets are clearly in bull's favor but the recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain. There is high probability that there will be profit booking in areas of ebullience, specially in small-cap & mid-cap space.
Though the larger texture of the market is still on the positive side & current leg of rally may extend up to 22,400 levels but due to temporary overbought conditions, upcoming interim budget & elections, markets may remain volatile & in profit booking mode.
We can see a selling market only after sustaining below 21750-21700 levels but right now THE TIME IS NOT TO SHORT BUT TO BE CAUTIOUS DEFINITELY.
Idea on NIFTY in upcoming days...NSE:NIFTY the movement, first let's talk about the weak points, NIFTY IT and NIFTY CEMENTS are the one which looks bearish to sideways,
Most of the market correction was due to NIFTY IT, however the IT stocks got retraced a lot and also many of them are standing on some support levels and out of them TCS was the strongest IT stocks
Now cement was also the one which underperform from past session seems still negative
now the positive aspects
NIFTY banks showing the highest bullishness, with a post news of AXIS BANK result and other bank stocks which perform well in previous few session
NIFTY auto is also having a bullish sign with Maruti having a great breakout post its results and Bajaj auto also standing at a support level,
even some stocks like Powergrid which recently hits all time high is bullish and most of the other stocks are standing at a support level indicates that the market will be slightly bullish to sideways in upcoming days....
this is just my outlook
do like if it's worth!!!
Morning Mantra, 1st December 2021Good Morning,
We hope that you still remember one of our magical level of 17360, which had earlier been stated as a “crucial level of support” for the index. Well, now the same level will work as a level of resistance for the index.
Moreover, just as we have been stating these days, similarly Nifty did prove our prediction to be right on the mark, as it has taken a beautiful bounce back from our predicted support level range of 16800-16700. After the index making a high of 17300 approx, we could witness a huge supply in the Market. As a consequence of which, we are still with our words, as the Market might somehow continue to move in a sideways zone till the Month of December.
As of now, the level of 16700 will work as a crucial level of support and we will have to stay cautious. Also, it will be suggested to stay stock specific. Since we have been stating about the ongoing liquidity crunch in Market majorly as a result of a huge selling from the FIIs.
So, stay cautious. Follow the “Sell on Rise” strategy, till the Market gives a stable closing of above 17360.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Nifty medium term analysis based on Weekly ChartsNifty is trading at support levels on weekly charts.
1. If Nifty breaks & closes below the trendline support may indicate loss of upward momentum (from Dec'20).
2. If Nifty breaks & closes below previous swing low of 17613 on weekly basis (previous swing low), it will confirm down trend with targets of around 16000-16200 levels
3. If Nifty closes above previous swing high of 18605 on weekly basis (previous swing high), it is likely to make new All Time Highs (ATH) around 20,000 Levels.
GBPUSD WEEKLY FORECAST (13th -17th April 2020)The daily right side is down with a bearish sequence & the 4 hour right side is down with a bearish sequence against the 12/13/2019 highs at 1.3522. While above 1.2162 the pair can see some further strength to correct the cycle from the 12/13/19 highs. While below there expect the pair lower.
Nifty - The Culmination Point -Part 2Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Trading Strategy
Plan A
Holding above 11890 – 11910 zone – Expect upside short term push to 11950-11980.
Plan B
Sell in 11950-11980 ( No Trades if crosses above 12000 mark) for target 11900 / 11840-11850 / 11690-11715
Plan C
Sell only below 11690-11715 for 11490-11510 zone
Plan D
Sell below 11490 for 11080-11100 & Below 11080 for 10750-10800 zone
BHEL in The IslandBhel Looks Portfolio Stock Because
• Positive Divergence (RSI)
• Timing wise already consumed 12 years which is more than 7-8 years rally from bottoms of 11 to 390-400 zone going into 2007-2008 Financial Crisis Period
• Key Reversal Candle from lows of 40’s is confirmed recently.
Short term Trading Strategy
Plan A -
Buy above 61 for 77-80 Target zone
Plan B –
Sell below 55 for 49-50 / If holds below 48-49 can slip further downside to 45
Thanks for watching the video & your support.
Nifty - Bearish Bat Harmonic Pattern (Trigger Below 11880)Hi All,
It is Oct Expiry 2019. As updated in the status few mins back. Traders to be careful below 11880-11900 zone. Bearish Bat harmonic Pattern Triggers Below 11880
Target Downside - 11500 / 11090 / 10700
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Last Idea - Culmination Point for 13500-14000 Target Video Idea
Plan B is done close.
Thanks for Support.
India Nifty -Bull Traffic -Can it be a Grinding Halt ! at 11715Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Bullish Harmonic Bat Pattern - Buy Above 11575 for 11630-11640 & Above 11640 for 11665-11675
Plan B
Sell close to the tops between 11665-11680 with strict stops above 11695-11700 - Downside Target - 11550-11575 / Below 11530-11550 ( It should hold below 11530) for 11445-11465 target zone & lower 11080-11100 zone next below 11400
Plan C
Sell gets extended below 11550 for targets mentioned in "Plan-B" above
Plan D
Buy above 11715 if crosses 11695 as bullish criteria else be careful.
Thanks for watching the video & support.
Nifty - Journey Comes Full Circle at 11425Trading Strategy
Plan A -Risky Traders Sell Call
Going below 11375 only- put strict stops above 11390 & look for 11350- 11280/11290
Plan B –
Buy Above 11400 strict stops below 11375 for 11450-11460 / 11590-11600 / 11700-11725 / 11900-11925
Plan C -
Only above 11980-12000 we shall look for 12200-12300 target zone
Last Video Idea
Is 11461 the Bottoms - Accumulation wedge -
Initially We aligned ourself for an important sell from 11700-11710 zone for 11600/ 11525 & more later
my assumption of bounce from critical zone 11470-11490 went wrong so the choppy wave from 11461 to 11706 could be another corrective structure which is part of even larger wave.