Bullish on NIFTY! Journey Towards 10,000 is eminent!Bullish on NIFTY! Journey Towards 10,000+ is eminent!
Niftylong
NIFTY will settle around 10200 at the end of 2017!!After doing analysis, I can confirm that Nifty will settle around 10200 at the end of this year! The above pictures just sows the simple sample and prediction of my analysis, I haven't included any technical drawing on the above picture, because I have done the analysis on my personal charting tool!
NIFTY HOURLYTGIF Trade >>> Declines in Nifty pointed out earlier seems to be done , Nifty ADX and Negative DI are stretched quite a bit .One should look to buy Nifty with the recent low as the stoploss. Further the lower channel of the Pitchfork has also played a crucial part in arresting the decline.
Is this is itCurrently having main resistance at 9682. If it is not broken soon enough, their is high possibility of consolidation.
In any case I believe it has not hit the actual resistance, but their is time for it.
Trend Line breakout on Nifty Trend Line breakout on Nifty and Indicators indicating Neutral bullish.
Trade Levels:
Level begin from - 9525
Level 1 - 9545
Level 2 - 9570
Level 3 - 9585 to 9595 (on Range)
Keep it simple (TataMotors)Waiting for it to come 10 points down more, then going to go long position.
Target 458.00
Bull Shark pattern on NiftyBull Shark pattern on Nifty (spot) but the price not yet fill the pattern so need to wait for completion of the pattern. Once the pattern get filled then bull shark will take over the price to upside. I am expecting to fall up to 9550 and pattern also get filled. This pattern gives you the signal to buy(long) only.
Levels of Nifty (Long)
Level to enter - 9562
Level 1 - 9596
Level 2 - 9637
Level 3 - 9660
Note : The price either may fill the pattern nor run away from the pattern in between.
Nifty view don't get ahead of your position.Again before giving us new high it is going to come at its 61% entrancement. Currently at 23%, so i do recommend to wait for 100 points correction.
Axis bank having great potential.Now the MA are looking in favor for the price to lift up, besides Axis bank have great potential to move upwards.
Nifty 50 : Need to Obey, Even if we don't like !Yes it is ! When you have trade plan and everytime you need to stick to it , even if your expectations differ. You can clearly see it here, We clearly despise this bull run but that doesn't mean we shudn't trade longs in Nifty, grab whatever it offers as per the plan. Even if its bearish breakout we are not gonna hesitate to take the trade, it's what it is, Money :)
That's what sticking to trade plan is, its not question of whether you like it or don't what the Nifty does, You need to follow that every single time. No Changes.
Nifty : Fibbing with the Fibs !!!Look at the black trendline I have drawn, it's so steep almost like 80 or 85 degree. Very Bullish move without any retracements.
By the way, I'm very curious and interested to know whether any Gann Guys predicted this steep move this week with time frame too ?, that would be superb prediction from Gann angle !
i) Clearly, another Bull Day expected as Nifty made New highs
ii) Yesterday Crab legs extended up few more points
iii) Very small pullback last session if Nifty face resistance at 9350-60's zone
iv) I dont feel much resistance at 9330's, Only on very strong bear confirmation take shorts
v) Its probably All Bull's Day...Lets watch !
ATUL LTD - BUY - LONG BREAKOUT#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle.
Volumes have been rising with price rise form 6 trading sessions
MACD oscillators have showing strength on the charts
The CMP is trading above 200 dma and 100 dma.
So one can Initiate Long position at CMP with a SL of 2296 for a Target of 2835.
Nifty : A buy on dips (Elliott Wave Analysis)In this article I'm doing Elliott Wave Analysis of Nifty and discussing Swing Trading Strategies for the same.
As of now it seems that the 1st leg of impulse has completed near the recent high around 8980, but there is a slight possibility that the Wave 5 of this impulse might head a bit higher, however from a trading perspective this implication will have no effect and the strategy would be to buy on dips.
Strategies :
1. If Nifty gives a correction till the 8445 to 8300 region then buying can be done on this pullback.
2. Or buying can be done at the break above the high of 8980 region.
I will update further as market proceeds.
Nifty new highs not far away (Elliott Wave Analysis)In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected.
As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 (Red) within Wave 3 (Double bracketed Blue).
It is also possible that the retracement is shorter in that case positions can be taken above the breakout if 9000 levels.
I expect that the index will make new all time highs and the strategy as of now is to buy on dips.
Currently is seems like the Double Bracketed Wave 3 will take Nifty to 9400 to even 10000+ levels, however more exact targets can be predicted once the Wave 2 (Red) pullback is complete.
I will update the targets as the picture becomes clearer.
Nifty Belthold Required for another upsideMACD has generated crossover to denote beginning of next price cycle. In case Nifty generates a Bullish Belthold at this level new long position will open.
Two things to keep in mind
1. Bullish position will not open without bullish belthold so not advised to go long before you see an actual belthold.
2. The price cycle in formation is 3rd price cycle, price cycles generated after second cycles are highly susceptible to whipsaws so entry without proper trailing SL is not recommended.
Time for a run to new life time highs ?Comparing the near term charts over the past 3 years we can see that both Nifty and Bank Nifty have a habit of making new highs / life time highs just when the American Markets have seen new ATH's and are starting to taper off.
With the Dow and S&P having a had a phenomenal run over the past few days whilst our indexes have experienced what we can best call time correction i think we now are at the cusp of a massive move higher in both Nifty and Bank Nifty.
As Long as 19500 is held in Bank Nifty and 8600 in Nifty i have a strong feeling that we are all set for a move higher.
Nifty Ready for another long positionLooks like fresh upside has began and prices will continue in direction of Fibonacci extention
Dollar Nifty Co-relationIn view that the dollar has reached a phase where some consolidation / correction is imminent.
We can look at either going long in the dollar to hedge our Nifty / Bank Nifty longs.
Or we can also pick dollar puts for next week as a stand alone trade in just the dollar.
Nifty Long !!!Buy Nifty at cmp ( 8780 ) with sl at at 8756 for target 8964 in the next 4 trading sessions.
