Niftyfuture
Nifty May take support hereThis is the second red candle that opened above the previous close of a red candle. Nifty may take support now. This doesn't mean that you go long, NOT at all. The sentiment still remains Bearish. It may take support and spend some time here, maybe a dead cat bounce and then continue it's downward correction.
If you have already short it and haven't booked profit at the target of 11050, the trend line is the next target. Thereafter, 10800 at Fibo line is the second target.
I wouldn't buy any shares individually. Tomorrow is expiry, so wouldn't indulge in call options either.
Nifty 10480-10680 cab be the range for near term.Nifty - 10630-680 zone looks important to cross for further upside.
I feel market will consolidate within the range of 10480-10680, before making a decisive move in either direction. Looking the chart will give you an idea of how these levels are reached at.
Holding 10562 is important for short term uptrend, it is PDL as well as low of hanging man pattern that nifty has made on daily charts on Friday (July 3).
RSI divergence can be seen easily, on daily charts. I advise extra caution as long as it is not nullified or materialise.
Below 10480, 10444, 10372, 10304 and 10260 can be seen.
TRADE WITH CAUTION, preferably utilising some low risk strategy i.e. combination of futures and options.
It is important to carry due diligence and consult some expert consultant before taking a position in financial markets.
Nifty - RSI divergence seen - Look for 10095 - 9980 There is something worthy of noticing w.r.t. the rising channel Nifty is moving in and RSI divergence, this time.
1. While the Nifty has made a higher top, RSI has failed to do so. This RSI divergence is seen after a long time, as RSI is considered as a leading indicator, this can't be ignored.
2. Nifty has not touched to resistance line of this channel this time too and the gap between recent top and resistance line is visibly higher than the last time it made an high (8th June).
Important levels can be seen on chart, 9840 is important to hold for a medium term prospective. Keep an eye on this rising channel, sustaining above the support line is of significant importance. It is still a bear market rally, (if and) once this support is gone, we may see a steep fall.
Today is a derivative settlement day, markets tend to move in bigger ranges on such days, in my opinion it will be better to square off or hedge long position today and initiate short side trades on rallies.
I always discourage trading using naked future or option positions, risk defined or low risk strategies are much better alternatives available to all traders. You can write to me over private chat on tradingview or other popular social media mediums using for such strategies.
Please remember to carry due diligence and consult your financial advisor / consultant before taking any position in the markets, utilising leveraged products.
NIFTY & BANK NIFTY BOTH ARE SYCN NOW SEE HOW ?ON COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN NIFTY TODAY.
1. In trade plan I clearly mentioned that is quoting for you. " market is near to change its trend so be careful for long sides trades." . This was the first line of trading plan . you can see how nifty fell from top today. What is going to happen in any index or stock I try to share one day advance . You have authentication of my post 160+ proving same everyday. In point no.3 I mentioned "if yellow tend line is taken out on 15 min time frame only then trend will change to short s." You can see price took exact support on that trendline at the time of closing.
Why all support , resistance , zones and now perfect angle of trendline ( basically today support made it trendline , trader find two points to crate trendline but I make trendline giving second point) react lively in my charts. One of my follower wrote in yesterday nifty comment box " nifty failed to hold the red dotted line, see how it is punished by our sir very severely :-) " This shows the importance of manifestation of all moves one day in advance.
2. I circled in white that is also hanging but variation , in bnf I showed perfect here variation . See after activation what happened reasons I already mentioned in bnf post. There is one more red color circle that shows the testing of pattern . This gives the imformation of confirm down move. Once conditions get activated then nobody can stop price to visit next level that one of my followers is writing daily. Many new traders who are amateur , he /she can earn money by following these perfect conditions, are writing to inspire more to follow strictly these.
3. Always remember trading needs proper education , if you devote your time with chats . They can make you earn from market.
TRADING PLAN FOR NEXT DAY.
1. As shared yesterday If price take out 15 min but now in 30 min then trend will change to down side . The red and green zone is target after fulfilling this 30 min condition.
2. If price takes out from lower zone red and green in 5 min time frame then blue line will be target. And may extend to orange moving average of 111 trading candles.
3. The most important condition of tomorrow trading. If upper green line is taken out in 1 hrs time frame then up trend will resume.
4. Like bnf next day can be range bound giving chances to trade both sides. Rest market will decide.
YOGESH VATS
NOTE. All trading positions should be taken by consulting your financial planner . This view is for educations purpose.
THREE DAYS FALL HAVE NIFTY CHANGED TO DOWN TREND SEE YOURSELF!COMPARING MY TWO DAYS BACK STATEMENTS WITH REAL MOVE TODAY IN NIFTY
1. In point no. 2 I clearly mentioned that "if red color support is taken out then I will be bearish on nifty". You can see yesterday nifty remained up but in range did not take out red support line. In fact no condition was violated by nifty so I did not publish new idea, In fact both days i undated the trade . Today 6,30 am I updated is quoting for your consideration " I talked about sell set up then same lower pink red zone is target. As there was no change in structure. if in any case dow future is at critical trendline break it then you can see more fall. " .Can you see what is happened today manifested two days back and updated same in morning when sgx even was not started trading. In day dow future broke trendline and you see such good fall. Had any body given weightage to my words would have earned good profit today. See many times I have explained my words related to market language are full of depth. So never ignore them. These words I put in form of conditions strictly follow them. This language medium is conditions.
2, Now next session I made a trend line of green dot. See if in morning session it is taken out then all position of short should be covered. and if price take out green blue up zone then go long.This condition is for morning session if nifty gets trapped in range not breaking today's low. Or break and come back in 30 mins then ok condition is valid.
3. On the contrary If market breach low of today either gap down or while trading in morning session Then my first target for booking pr on c/f trades at 111 bar moving average in yellow. If this average is taken out that will be first signal of bearishness lower blue zone can change whole game by supporting price and rally from this zone takes out green dotted trendline then i will be bullish without validating my blue and green zone condition . So I put pink color arrow for this condition. Green color arrow for above mentioned condition when price do not break today's low. So do not get confused read every condition carefully. As compare to bnf nifty is weak. Rest market will decide.
YOGESH VATS
AM I CHASING NIFTY OR IT IS CHASING ME SEE YOURSELF THEN DECIDE COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY.
1. In previous post point no. 1.trade plan " since price is in red box it can down or consolidate for quite sometimes then if crosses red zone next target is pink box. " This is what I shared with you all. you can see in fig price opened gap up from red zone and travelled to pink box . And spend almost four hrs in box. I ask all of you pl send in comment box your view . Am I chasing price or price is chasing me? To attained this accuracy I worked 24/7 14 years . so I say to all genuine seekers please get up and burn night oil. Make chart your friend. Market Respect hard work. He reward with plenty of money. Else you should know how to play in market with smart money. What ever chart I try to publish ,I try to attain this precision . I can be wrong any day any time. But I like to maintain my accuracy.
Trade Plan for next day.
1. See in fig I made a red zone I feel nifty can visit here If this is not taken out then nifty can be range bound between pink zone and red zone . On taken out red zone either by gap up or while trading in day yow will see white dotted line next target.
2. One green support is below red zone is taken out then nifty will resume down trend. Right now nifty is in upward structure so chances are to move to white resistance in day or two.
3. If range bound then you can trade both sides keeping strict stop loss. only when it is near support buy on other hand near resistance then short. This can only be done when nifty make some range . Otherwise this will not work. Rest market will decide.
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
NIFTY IS PLANING TO TRAP BEARS IN NEXT WEEK SEE HOW ?NSE:NIFTY
Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that will be created. I am expecting two leg move in up direction. Entry point for long is shown in fig. perhaps monday onwards for time being nifty is going to range bound for day or two. With trend pullback is expected that will trap all bears so no positional trades till price come to lower green trend channel line. In range bound trades one should be skilled enough to trade either sides with small pr booking. nity is in phase of re- accumulation after traping bears soon will convert into re-distrubution phase. so I do not expect nity can take out upper band of green channel in future. keep in mind the structure in white for next week. Rest market will decide.
yogesh vats
Nifty: UpdateAs told in our last post to look for 10800-10850 in coming 30 sessions, we already saw it on Friday when Nifty posted low of 10848.85
What's next ?
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Intraday + complete view on NIFTY A " Spike " can generate after breaking-out area between Value High to Contro Price . The " control price " always attract value toward it.
The intraday Resistance 12003 nearby and Support 11936.
There is actually two channel, One is a " major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
Nifty50 Short Term Target 11200 | Sure CallHello all there is short term buying opportunity in the market, Kindly use this Recommendation for trading or watch this move.
NIFTY INDEX : Buy - current price, SL - 10690, Target 1 - 11000, Target 2 - 11100, Target 3 - 11200
Buy Call options in NIFTY INDEX. Strike Price - 10900 to 11200 and for exit watch NIFTY spot stop loss and target.
Buy NIFTY FUTURES current market price and for exit watch NIFTY spot stop loss and target.
Nifty Elliott wave analysis for 26th Nov 2018Most probably one impulse wave is completed from 10774 to 10512. and we can consider it as wave (A) and now retracement levels of wave (B) is coming at 10612, 10643 and 10674 which can be achieved in coming sessions.
I would suggest not to trade for wave B in options and wait for wave C to trade.
OR
If Nifty decline from present level to 10434-10385 without achieving retracement levels shown in chart then one can buy in 10434-10385 range.
Nifty Elliott wave analysis for 12 sepThis 15min chart of nifty shows upside possible range which is 11351-11399 and above 11399 upside reversal is possible. otherwise from there downside range given in chart 11235-11151 is also possible.
