Niftyidea
Nifty SellI hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Will nifty fall today? Get to know moreHi Friends! Good Morning!
> Nifty PCR Below 1. OI support @14500 & resistance @15000
> Major global index are down in Europe and US.
> In the afternoon when Europe opens we may fall with them.
> OI data reveals that sentiment is negative in our market.
> But our trendline worked as support for multiple times. It can work this time also. In that case nifty continues to be inside the triangle pattern.
> Watch for Support and resistance on the chart.
Stay safe!
NIFTY ABOUT TO EXPERIENCE THE BIGGEST CRASH EVER!!!
We see 5 Wave Upward impulse is complete and therefore now starts the Correction;
We have verified the Wave 5 which confirms the completion of the Upward 5 Wave Impulse; we see Wave A and B which we will verify in the Lower Degrees to understand the current Correction structure better;
So in Correction we have a Wave A ; Wave B ;
Therefore, Wave A and Wave B are complete.
Now depending upon the retracement of Wave B into Wave A we know what will be the Wave C formation; here we see that Wave B has retraced Wave A more than 80%; therefore Wave C will be a 5 Wave downward Impulse;
This is how we will have Wave C
So in Wave C we know we will have a Downward Impulse this is the Wave 1 (Leading Diagonal); as Wave 1 is a Leading Diagonal Wave 3 will be an EXTENDED WAVE.
THIS IS ALL TO THE BEST OF MY ABILITY; GOD BLESS INDIA
Ichimoku & Renko Analysis on #nifty for 12th January, 2017Nifty Commentary
The effect of 8300 being taken out was clearly witnessed today. A gap up followed by a very strong close has placed Bulls back in a comfortable zone. Technically looking at the ichimoku cloud, we can observe two important levels that could happen: Cloud boundary around 8400 (senko B) could act as a tough resistance for the Bulls for the day along with we haven’t seen Tenken Sen been tested ever since there was a bullish crossover of tenkensen over kijunsen. So most likely after hitting around 8400 mark, we could see Nifty moving down or pausing to hit the tenkensen(around 8250 – 8280); providing Bulls another opportunity to enter long. 8600 is on the cards for Bulls considering all positive indications we see on the chart.
Nifty Positional using Renko Model
Renko-100 has gained further strength as we got a close above 8300 mark as we discussed in yesterday’s newsletter. We have entered long territory as per Renko 100 model that we follow. As per R-100 model, this could reverse to sell side one we get a close below 8000 mark. Renko modelling that we use (R-100) has generated a Buy Signal on Nifty. As noted “After having witnessed a reversal trade during the month of December; 8000 and 8200 mark becomes most crucial in deciding the next trending phase in Nifty. Unwind your shorts and go long once we get a close above 8200 mark”. After two unsuccessful trades; this could be a trend setter for medium term timeframe going into budget session and state assembly elections.
Given below is our positional trade guidance as per Renko-100 for Nifty and Renko-200 for Bank Nifty.
Scrip Signal Date of Signal Signal Entry C.M.P. Current Position
Nifty (Spot) Buy 05-01-2017 8274 8380 +106
Bank Nifty (Spot) Buy 06-01-2017 18264 18830 +566