It can be another movement day in all probabilities but calm after the storm quote will work ? Today's Nifty analysis as simple as reading ABCD. By the time I post pre-markets will be over, though I expect a Gap-Up open, I don't want that to screw up the 8550's level. Nifty may be in bouncy mood bcos of volatility, thanks to all the news event noises. Just 2...
Yes ! Nifty gonna be a test match which is going to test your patience in coming days. Markets opened already, but I'm not altering the analysis which I did for the day, posting it out as it is I did in the morning,No Changes. Hey Guys, Note - this is not single day post, Refer this for coming days probably next 3-5 days. It will be valid for 3-5...
True to the title, On the days we had gap downs or Ups we face complete ranging market only with chances of scalping,let that not happen today. Yesterday's Nifty price action formed a channel sloping downwards, so we are looking for breakout & scalping chances within the channel. I don't scalp, unless you go with sizeable lots scalping will make your brokers rich,...
n my previous post I gave the reversal from 8550 towards 8620 to 8700 with an explicit warning that it should not cross 8700, Nifty made the recent high 8670. As mentioned before I was expecting it to be a correction so it took a while to complete the pattern, Now it seems to have reversed. Now It should form a 3 or 5 wave structure downward, but it should break...
Asking Right Questions leads you to Right Answers ! So here I have 2 Questions : (i) 8500's supported 6 times, Will it Break to make the Gap Theory Work ? (ii) Elliot wave counts within Triangle shows Upside Breakout, will it work this time ? Yes for Ques(i) opens the door for Bear party near to 8k's & if yes for Ques(ii) Opens Door for Bulls to reach 9k's. Now...
Let's Welcome Samvat 2073 (Trading New-year) ! Any of you did Muhurat Trading yesterday, to acquire long term stocks ? Usually people open New accounts during Diwali ( Muhurat Trading ). People has strong belief it brings them good luck... Great ! Though I never followed that, I appreciate bcos people feel overall confident that Lucky charm is with them throughout...
Are you guys overloaded with Diwali sweets ? Here is another short & sweet setup in Nifty. You guys are awesome, so just with look over the above chart you might have realized we are looking for Breakout. Though we are bit undecided about direction of breakout, take care of false breakouts with proper stops & quick reversal on opp. direction move. This is the only...
Nifty reacted today beautifully from Daily Supply Zone that coincides with resistance at 8700 and top of the trend line. It could travel back with a gap up opening or another sideways consolidation day, before honoring the trend towards reaching 8400 odd levels. Thoughts?
if the upper resistance line isn't broken then chances are nifty can reverse for another low, as all the structures made here are 3 waved structure, and it doesn't seem ready to go up just now. Count invalidates if the line is broken.
Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty. B's Shopping Theory : Am not sure about the exact...
NIFTY to Continue Down. VIX has to do catching UP with USDINR.
Thank God, there is no typo in the Title I gave. A typo in the title might have looked bad, if you know what I mean ! Here is the plan guys, there will be 2 back-to-back Nifty charts (1) one on 15 min timeframe (2) other will be on 4hr timeframe. If you look at the chart above there is trendlines, Flag & Shark pattern. I don't trade sharks usually more often they...
current structure shows that we can see a final leg towards upside than there could be a fall following. but to note that nifty should not proper break the upper channel line.
Another Beautiful Morning, Another Analysis,Another Pattern but same idea which we are telling for ages - " Nifty Down Down ". As expected we got into the muddy area, its gonna be really sticky mess in the 50 points range on either side of 8500's. Only a swift move from Nifty can take us out of this zone. I'm not sure why, I don't get the feeling that we will get...
Hey Guys, How you all doing ? Hope you are good... Its been a while right,since I posted ? Yep, I'm Back... Take breaks quite often guys.. what's the need for money ? To enjoy the life, so when you make money we should take care of the fact that making Money itself won't become a stressful work. So frequent breaks always helps. Let's jump into analysis & see...
*Dumpling Top *Trendline resistance *Negative crossover on MACD Blur chances of 9K in 2016.
This was the first question came to My mind when I saw Inverted Head & shoulder pattern in Nifty, after yesterday's Head & shoulder pattern. How come chart appears as if its inverted ?? Probably, hangover ? Anyway, I'm expecting the game for the day will be between Resistance & support zones and breakout of any zone will determine direction for 2 to 3 days...
So today in Nifty 15 mins we can expect the breakout of head and shoulders pattern and a move downside. Why we are expecting downside breakout ? Well, then only My last two days post will be right prediction :) We have same amount of chances to take support on trendline and move up. So watch Nifty carefully, won't you love it if the breakout happens & get a ride...