Get started

Nifty50

Nifty- Gartley Ki School @1085010:00 Hrs - 21st Dec 2018 Last Price@10920 As suggested in the profile update before market hours- look for 10850-10860 zone for buying where CD leg of Gartley completes. Currently running down from 10960's - You need to check settings tab in "ideas stream" to get updates & ideas in time. We are already 40 points down in D leg -selling from tops 10960's -------------------------------------------------------------------------------------------------------------------------------------------- Auropharma Update Cheers for Auropharma buying at 721 for 730 target done & above 730 -we look for 740-742 zone as suggested in last video under plan D Last Video Idea Plan D - Buy between 720-722 if 720 holds downside for 730 & later above 730 for 740-742 zone - Yesterday day low@721.10 -------------------------------------------------------------------------------------------------------------------------------------------- Have a nice weekend.
NSE:NIFTYEducation
by WaveTalks
18
Nifty: Do I Rely Upon Indicators?For me, an indicator is a tool that provides me a message how the market 'may' behave in future. Which not at all means that the market 'will' behave as has been indicated. Almost all successful traders will agree with me if I say that there are no 'Red' and 'Green' signals in the market. For example in the current market scenario, the index has been drifting down in an oversold environment. Oversold here means that most of the popular indicators like RSI, Stochastic etc. have been signalling that the market is deeply oversold and there 'should be' a bounce-back/pullback. Also trust me when I say that the market may wriggle its way down to nearing supports when the indicators are not just signalling 'oversold' conditions but also showing 'divergence'. You can see the Price-RSI behavior mismatch as the market has been making new lows but the RSI is making higher lows. The markets can do this multiple times for weeks and even for months in some cases. So the indicators are telling me only that bears are getting weaker. But there is no sign of strength on the upside as of now. So what to expect in the coming days? Well !! the picture would be more clear after Monday opening. As of now I can say that it should take some support from 9950-10050 zone as its an important structure support. I can't say as of now if it would be the end of bear phase or not. But in case of pullback it should try to atleast retest the trendline which was broken decisively last week. As per my previous analysis on the index, my instincts have been indicating further weakness after brief pullbacks in the coming days. Below 9950 we have no important support before 9700, and that's 250 points which is a substantial cut and should be kept under notice. Previous post: Hope this analysis would help some traders in making better decisions. Regards
NSE:NIFTYEducation
by Bravetotrade
2
Nifty At crucial support if it is broken lets see levels of 9900 which also happens to be 38.2% Fibonacci retracement level. if it is broken lets meet at 9300-9200 . any negative clues from the November election then it will be headed to major support of 8800-8500 level. Any bounve from the current level will take it to 10200 - 10400 levels . technical parameters show more pain in store for index lovers. Choose stock over index and don't carry long position till a meaningful bounce supported by technical levels. stockdada.com
NSE:NIFTYEducation
by ProtikKudva
WHY NIFTY GOING UP? AGAIN A GAP DOWN ON MON (15 Oct)POSSIBLE?THIS IS THE THIRD PART OF THE ANALYSIS ON NIFTY 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 2 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Last time we estimated a big downfall in the month of October and believed that IT Sector might stay in pressure as the results of Tata Elxsi disappointed and Number of TCS may also disappoint. Although, There was no downfall today. the top companies of IT Sector behaved in the manner as expected. TCS, Mindtree, NIIT and HCL Tech ended on the negative note and other companies fell initially but recovered and ended with minor gains. However one major thing to see is all the major global markets including Nikkei, Dow Jones, other Index were in Dark Red and even SGX NIfty was in -200 (although I do not believe SGX Nifty is directly related to Nifty but being part of the global market, even it depicts the sentiment of the market). Our Nifty did not showed any Red Colour. FII Data suggest that they have net purchased 7.9K Index Futures and 10.2K stock Futures. Important Event. 1. Consumer inflation stood at 3.77 per cent as against 3.69 per cent in the previous month. This rise in inflation was driven by higher prices of food and fuel along with weakness in the rupee. The retail inflation figure was lower than economists' estimates of 4% and was within the comfort zone of RBI. (Good for Market). 2. Good result of Nifty 50 Company - HUL. 3. Lined up result of Nifty 50 Company in coming week- Infy, Reliance, HeroMotoCorp, HDFC Bank Candles Formation The last 3 day candles have created a Bullish reversal pattern in the form of Morning Star. Interpretation With a rise of Today, FII has also added Longs in Shares and Indexes. We can expect a small pullback rally over here. HUL has result has been great, which will have a positive impact on the market after poor numbers from TCS. In The coming week result of top Nifty 50 companies are there, which will shape the market. In the process to up,There has been 2 Gaps created in the past downfall and crossed 2 Fibo support (Mentioned Below) which will stop the market from going up. Resistance 1 - Gap 1 - 10520-10550 Resistance 2 - Fibo Resistance 38.2 - 10650 Resistance 3 - Gap 2 - 10750-10850 Resistance 4 - Fibo Resistance 0.5 - 10860 The Above 4 levels are going to act as major resistance. Even after being optimistic, I do not feel market will be able to cross Resistance 3. Please note Pullback are short term and short lived. Thus, I personally do not prefer trading the pullbacks. However these pullbacks gives good level to again short the market. Please also note : FII even after covering have 89K Shorts. The fall can be deffer-ed but is certain to come until FII decide to cut their shorts in losses. (which never happen :P) The last time Nifty/Bank Nifty rose 300/800 points, it witnessed a bigger Gap Down the next day. I do not expect the same on Monday. Market might open Flat. These are just my thoughts, and my view to the things going around. I hope it Helps. All counter views welcomed if they intend a fruitful discussion. And If Warren Buffet says he still learns, who are we to say or believe that we know all. Lets learn together and Earn together. Thanks.
NSE:NIFTYEducation
by prathamaggarwal
10
BIG GAME BEING PLAYED!!!! WHERE ARE WE HEADING? (PART 2)THIS IS THE SECOND PART OF THE ANALYSIS ON NIFTY FALL. IF YOU NOT READ THE PREVIOUS ONE, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Exactly as per our prior observation, On 11 October Nifty and Bank Nifty crashed 300/800 Points at opening and thereafter showed a little recovery. However it ll be incorrect to assume any relief as of now. Now In continuation to the first part, As on 11 October 18, FII has closed their longs amounting to 10K and have further added 6.3K Shorts. Now the earlier shorting has increased to 97K (approx, mind you, on 17 September it was 44K, and Nifty/Bank Nifty fell 400/1100 points to clear that.) I presume with Dollar Increasing, IT Sector is a direct beneficiary. And whatever long positions FII had in Index were in IT Sector. However over the past 2 days, even IT sector has started falling. Reasons for falling IT Sector despite rise in Dollar? Some general correction, and bad results. Tata Elexi despite being a direct beneficiary of Dollar failed to post good results. Also, Even TCS posted just in line results. Mind you These 2 companies were exceeding the estimates in all the prior results. As a result Tata Elxsi fell upto 15% on Result day and TCS fell upto 7-8% before posting result (probably due to bad expectations of result). So, those 10K longs might be pertaining to IT sector which are now being closed. So IT sector might stay in pressure in coming days. Nifty 50 has around 12% allocated to IT Sector. Any drastic fall in IT can drag Nifty big way. The market probably recovered today, so FII could exit their 10K Long positions. Further, as already informed, shorts have been increased to 97K. (6.3K Added today on 11 October) If we talk about call Options. FII Have net 44K Calls in comparison to mind blogging 210K Puts. Put Call Ratio is 5:1. So when do you take 5 Puts and just 1 Call? You already know the answer. Just one advice : Save your money right now. You will get ample of opportunities in the coming month. Trust me ample of. Feel free to ask queries and share concerns. These are just my thoughts, and my view to the things going around. I hope it Helps. Thanks.
NSE:NIFTYEducation
by prathamaggarwal
26
NIFTY ANALYSIS: RevisitedHi All, If you press the play button in the following post you will see that the market overshoot a little above 11600 target marked with a yellow arrow on the chart. Not only that it overshoot the price target but it also overshoot the time target. According to fib. time zone projection, the target was to complete in March 2019. But the target was achieved in August 2018. Perhaps the market was in a hurry. In this backdrop we can say that technical analysis do help us in understanding the market and to come out with approximations. But we may or may not have 100 percent accuracy. One has to be flexible to adapt to the market conditions. So its an advice not to psychologically hurt yourself when the market do not follows your plan. In that case you have to follow the markets. One can't fight the market but can bravely adapt to trade with the market direction. For instance, last few weeks would have been tough for hard core bulls. But those who adapted to the bearish market conditions would have made money, perhaps more money in a few weeks than they would have made in a year or so. The Analysis Anyways, let's get down to the latest chart. It could be noted that in this monthly chart, the price has been moving in side a channel. In August it seemed a new narrow bullish channel is in the making but the failure in September negated that hypothesis. Assumptions I am here assuming that we are in a larger corrective phase, which might take us to the lower end of the channel. A Minor Zone It may however find some support in the 9950-10050 zone and bounce back. Sellers may find selling opportunity in that bounce. Correction Projections As you can see, the previous two corrections settled down near 50% retracement levels. We can expect the same in this correction. That could drag the market to 9300 level. I would rather say that the big zone between 8700-9300 would act as a massive solid support zone. We might settle down anywhere within that area. Time-Wise Projections The corrections of 2011 and 2015 lasted for about a year. Same can be expected for this correction also (few months here and there). I would rather use our Fib. time zone from my previous post (shown above) to project the end of the current bearish phase. So the bearish phase might end anywhere near March-April. This analysis suggests that this year may not be good for bulls. I hope this long term analysis would help some traders. All the best. Regards.
NSE:NIFTYEducation
by Bravetotrade
9