nifty 50nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper limit:10000
the middle lower limit: 9600
the lower limit : 9550
note down these levels for this week and if price cross this levels we will discuss the new levels
Nifty50_price_targets
PEL Daily Analysis .Price Is Consolidating In A Range ( 800-1000 )
High Volumes Are Coming On The Bottom Of The Range . ( Shows Buyers Strength At Below Levels )
Price Is Ranging Up With A Good Volume Showing Strength Of Buyers Are Intect On Higher Prices .
Highest Volume Traded Is At 936 That Would Be A Good Support .
In Lower Time Frame ( 75 Min )
Last Candle Given A High Volume Breakout .
Look For Breakout Above 1000 ( Psychological Level )
Go Long Above 1000 With A Sl Of 890 .
Can Give Higher Targets Conventional will be Around 1150-1200 .
One Can Look for better Opportunities With Trailing Sl .
Attaching 75 Chart Along with It .
NIFTY BUYING IS BECAUSE OF ITS LIMITED DOWN SIDE SEE HOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY.
1. In point no 1 of trade plan see first line " at red resistance line you can see nifty made an evening star pattern . It is activated as next candle is below previous candle close is below previous candle. so watch whether it breached red dotted line to change trend of upward side. if it is done then find selling setup with the target of green dotted line" . When this condition is not breached in morning then no chances of short trade. Though my view was of short side. Very clearly mentioned when to go short. So follow all conditions religiously.
2. In point no.2 of trade plan. "chances of going down will be high on breaking red dotted trendline." Even hare i clearly mention what to do. Even a novice trader follow all my instructions can earn daily. In bnf comment box traders did not follow my conditions so could not make money except one or two.
Trade plan for next day
1. It is same till red dotted trend line is breached you are not supposed to be short . Blue line Resistance is your target. But take this line seriously.It can change whole trend.
2. If blue line is taken out then can go more Long side. Other wise need to be caution at blue line. Nifty buying is because In last many post I told nifty has made its bottom so down ward journey is limited . Because structure is proving going into extension. Making lower side structure shorter. Rest market will decide.
YOGESH VATS
NIFTY IS NOT READY TO FALL IS THAT SO SEE YOURSELF!!COMPARING MY PREVIOUS STATEMENTS WITH REAL MOVE TODAY.
1. Two sessions back what I have already quoted in previous post need not to highlight again. I clearly said that structure of nifty is of long side and will achieve its white dotted line in day or two. This is the second session and that target of long is achieved. you can see in fig.
2. In last post on nifty point no.2 (trade plan ) i clearly mentioned that "what i feel if next trading session opening negative then price will break red trendline and will move to red zone e." This condition did not apply as price opened gap up and did not beach red dotted trendline so obviously price would move up . same it moved to white dotted line mentioned last week.
3. See I have written many times stock market language is probability. Nothing is sure in stock market . But it works on some logic of conditions. If you understand and follow all conditioned mentioned with little logic . You will get to know the right direction of trade and sl. If went wrong then condition will let you force to quit wrong side trade. What is manifested with the help of support, resistance ,zones and structure of moves with different possibilities can show you the right track of trading . Just you have to follow the instruction with applying some logic before entry and exit. Every day I prove my statements with real move next day. all go in same manner which I share on day before move. Conditions have power to switch you sentiments without making you confused with price action. The visibility of trade can be seen with help of conditions . You need little practice. One can not switch one's sentiments but condition can. Probability can never be predicted it use if . Learn to see move of stock in if.
Trade Plan for next session.
1. At red resistance line you can see nifty made an evening star pattern . It is activated as next candle close is below previous candle. So watch whether it breach red dotted line to change trend of up ward side . If it is done then Find selling setup with the target of green dotted trendline.
2. In any case nifty open gap up then that might be last leg of upside in coming days . On other side if price crosses upper red resistance while trading then same condition will apply.
3. Chances of going down will be high on breaking red dotted trendline with white dotted support line. Rest market will decide. I never claim that can not be wrong any day any time.. But maintained my strike rate on record available in form of my previous post.
YOGESH VATS
DIVERGENCE IN NIFTY AND BNF ONE IS MAKING PEAK OTHER TROUGH !!LET US COMPARE MY YESTERDAY STATEMENTS WITH ACTUAL MOVE.
1. In previous post I clearly mentioned That " on taken out pink zone either by gap up or while trading in day you will see white dotted line next target." You can see price breached and made bullish candles . Have you ever noticed one thing in my blogs When I share any condition that market fulfill then you won't find any false breakout in price. Always boom. 100 + posts on record prove it. Market moves in probability but my condition when gets fulfilled then price never move in probability. That is the depth of proper hard work and education. Thousands of hours practice with charts. What price can do in charts all gets manifested before actual moves. See plenty of structure market adopt all gets automatically sync with eyes and mind. That practice is required by all seekers.
2. Now see point no.2 of trade plan " right now nifty is in upward structure so chances are to move to white resistance in day or two." Can you see price moves up did not reach to target as already mentioned in day or two. such perfection is shown every day without fail. every statement is first proved with actual move then gives you next day plan.I think you have seen so many analyst doing same on many platforms. If struggling trader strictly follow my conditions of trade , He will start earning ,side by side study this unique language. Many are earning writing in comment box of every post.
Trade plan for next day.
1. See i made two drawings one box , other circle. Nifty move should be stalled in box from that area down move should be started but price went into extension showing in circle making new peak of the trend started from 8800. Where as bnf could not cross yesterday peak thus making trough. This is divergence between two.
2. What i feel if next trading session opening is negative then Price will break this trend and move to red lower zone. There price will take some bounce . That should be used for selling.down trend will be confirmed when price will take out red zone. This what i expect from nifty in next session. Rest market is supreme.
YOGESH VATS
WHY MARKET ACCEPT MY ANALYSIS S0ULFULLY SEE YOUSELF !!Comparing saturday statements with two days real move.
1. The title of my saturday post was "ARE BEARS GOING TO BE TRAPPED ON 26-5-20" See yourself in two days all bears were trapped that is why I did not provide yesterday any analysis . whatever I shared That was enough for two days move. Now see yousellf. Quotting My words in last post. " In trading plan point no. 1 imade green resistance that gives you the indication of going long if price breach it and do not come back in next 30 mins to below this green and white dotted zone. then chances are more to move to red upper zone. proit should be booked here ." In point no.3 I said " I personally feel price should go to red upper zone. " See yourself where is price now.
2. See youself that market opened gap up but did not fulfill the 30 mins condition came back in green ,white dotted zone. two days same process but did not take out lower end of white dotted support. When today morning price broke green line it never came back. Are you able to see the perfection of two days move what ever i said prices accepted my words and result is red box. There is nothing fabricated like youtubers who make fool by distorting facts. I gave you this sketch two days ago and result is exactly same after two days. When yesterday I saw white dotted support is intact thereore, no need for post let price do its work. See price halted in sane red box made two days back. That why give tittle why market accept my analysis. People if follow my instructions carefully can earn lot of money daily. Can see comment box traders writing their experiences. All I share is for educational basis not for trading that is your risk.
Trade plan for next day.
1, Since price is in red box it can come down or consolidate for quite some time ,then if crosses red zone next target is pink box. I made white Arrorw If pink box is not taken out then nifty can move in this range for coming days.
2. I am not so bullish until green trend line with pink box is taken out . I feel We should see 8500 in near future. Rest nifty will decide.
YOGESH VATS
ENTRY OF BULLS SEEN IN NIFTY ARE THEY STRONG OR WEAK !!COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL PRICE MOVE.
1. In my previous post I said in point no.1 a ref line in daily chart is intact so market can move down . it means one has to be in shorts till this yellow ref line is intact. But when in day after 1.30 nity cahnged its sentiments by breaching it ,there was no logic to be short. That is why given this for trend refrence.
2. In my 2. no point I made you clear to see in daily chart not on small time frame chart . Some of the traders were trying to use it on 1 hr time frame. Actually on smaller time frame it will create illusion in price action. Because it is not trendline which is made with joining of two points. That is why is ref line not trendline. One should carefully follows instructions given on fig . You will never fall pray to greed and fear. These instructions will help you keeping them away while trading.
3. This is my experince which I put in form of zones, support and resistance. If you follow all instructions , you will find trading easy.
4. Now see this ref line is breached so the down trend is stopped for time being. see a red white dotted zone which acted powerfully as support in last few days so this time it should act as resistance. Therefore, I feel that tomorrow market may not form big bearish candle but this zone will not be taken out . Can form some small range bound candle.
5. Nifty can breach this red and white dotted zone but should close below upper end of this zone for bearish sentiments. On the contrary if it do not do this then shorts sentiments can be changed. I think nity can spend some time here. Rest market will decide.
YOGESH VATS
IS NIFTY READY TO MOVE FURTHER DOWN SEE IN ANALYSIS !!TARADING PLAN FOR NEXT DAY 20-5-20
1. Threre is nothing to compare in my last statements with actual move , as nifty made inside candle so nothing to compare. A yellow line is intact so nifty is ready to go down to blue zone. That I said yesterday and sticking to this point. If dow today closes in bearish down candle then tomorrow this move will continue. Otherwise would stand still like today.
2. As in my previous so many post I have said it several times that nifty has to travel less distance where as bank nifty has to move more. so you will see momentum in bnf. The reason has aslo been shared in my prevoius post that nity has made bottom where as bnf has to make. so remenber the condition of yellow ref line in daily chart not in small time frame charts. Rest market will decide.
YOGESH VATS
NIFTY50- INTERESTING MOVEMENT FOR THIS WEEKI sense a good gap up opening tomorrow and if sustains and crosses resistances as i targeted or respects the resistance
It may be a good sign of hopeful recovery of NIFTY
Many analysts are predicting a serious fall but i think i may not be more intelligent than them
but i think the candlestick pattern and kumo cloud of ichimoku suggests some good bullish strength for tomorrow
consider resistances as targets also
All the best.
Let us see
AGGRESIVE BULLS ARE BEING TRAPPED IN NITY FOR LAST 8 SESSIONS!!COMPARE MY YESTERDAY STATEMENTS WITH REAL MOVE IN NITY.
1. In point no3. yesterday I gave you target of white lower dotted line in down side. See the pefection of this level. Aggresive bulls took entry by confirming this micro zone with red band of upperside. That has been maniested yesterday. In point no.4 I showed you green dotted trendline with the instruction of breach is intact , therefore, nifty ready to move down on monday. Point no.5 momentum can be seen on breaking of this line . That is why you did not see momentum in movement of price. Point no6 due to corrective structure opposite side move be frequent. see the entry of aggresive bulls making tail to this candle.This is how one day prior sketch was filled with exact price moves.
2. Now come to monday trading session I expect gap down open that i will confrim in my sgx nifty analysis. With the target of pink support line. If you see on lower white dotted line the entry of aggresive bulls two times. why I say this . Had they been strong , they would have taken price up to upper micro zone. That could not happen , therefore , are aggresive bulls. But this time novice aggresive bulls plus those who shorted at top some week bears booked their profit. That gives me impression this time price will break down without any more try upside. Let us see will this happen on monday or not.
3. Condition for breaching of green trendline will be valid as shared in last post. Rest market will decide.
YOGESH VATS
NIFTY IS READY TO START ITS DOWN JOURNEY SEE HOW ?COMPARING MY YESTERDAY STATEMENTS AND TRADING PLAN.
1. Yesterday I mentioned that between red and green arrow is no trading zone. Beacause price will hunt for sl in both sides . Traders
in both sides will not get good profit rather will be trapped in both sides. This happens in trading range. Therefore , avoid to trade in no trading zone. Nifty though did not move in that style but did no cross lower end of red and white zone.
2. For last seven trading session nifty is moving in range .Today move was slight bearish trending move. That gives me impression of breaking this range either by gap down or while in trading session.
3. Lower white dotted line is my target . if this is breached tomorrow and price do not come back in next hour then can see move to pink color support.
4. A green trendline is shown till this line is not breached then chances to move down are intact. On breaching if price do not come back in 30 mins then shorts should be covered .
5. Momentum can be seen on lowerside when price break lower white dotted line and do not come back in 30 mins.
6. The formation of this structure is corrective so opposite side move would be frequent.
YOGESH VATS
FRIDAY NIFTY ANALYSIS & ITS EFFECT ON MONDAY SEE HOW?COMPARING OF NIFTY SATURDAY ANALYSIS WITH TODAY MOVEMENT
1. IF YOU REMEMBER ON FRIDAY'S POST WHICH WAS WEEKLY ANALYSIS, I SHARED BEARS ARE GOING TO BE TRAPED. IN FIG I SHARED A WHITE SOLID SUPPORT LINE AS ENTRY POINT. SEE TOADAY'S CANDLE ,IT TOUCHED EXACT SAME SUPPORT CIRCLED IN YELLOW . I WAS EXPECTING THIS POINT TO COVER IN 1 TO 2 DAYS. BUT IT COVERED VERY FAST. SINCE THIS IS ENTRY POINT IT DOES NOT MEAN AS SOON AS IT TOUCHES WE JUMP INTO BUYING. HERE TOMMOROW SEE AN ENTRY SETUP ON 60 MIN CHART. I SHOWED YOU 1 HR CHART FOR TRADE SEE AGAIN WHERE I ENDED STRUCTURE MOVE TODAY MOVE ENDED EXACTLY SAME.
2. A DOTTED LINE IS MADE AS FIRST RESISTANCE IF IN ANY CONDITION EITHER GAP UP OR WHILE TRADING THIS LINE IS TAKEN OUT, NOT BREACHED THEN LONG MOVE WILL BE CONFRIMED. I YOU FIND ANY BUYING SETUP IN LOWER TIME FRAME THEN BOOK YOUR LONG AT THIS RESISTANCE.
3. I FEEL NIFTY WILL SPEND 1 TO TWO DAYS BETWEEN SOLID WHITE AND DOTTED WHITE RANGE.
4. IN ANY CASE SOLID SUPPORT WHITE LINE IS BREACHED AND PRICE DO NOT COME BACK IN 15 TO 30 MINS THEN LONG SENTIMENTS WILL CHANGE TO SHORTS. PERHAPS TOMMOROW WILL BE RANGE BOUND TO SLIGHTLY BULLISH DAY. REST MARKET WILL DECIDE.
YOGESH VATS