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Niftylong

NIFTY - FOR EVERY TREND FOLLOWERTREND IS YOUR FRIEND, For various trend following reasons, I'd go long on nifty unless there are signs of reversal. Here, on this chart I have marked price points . 1. Aggresive high volume traders - Entry - 8428 SL - 8413 ( 15 point risk ) Target - 8460 ( 32 point reward ) R:R = 1:2 2. Positional/Swing Traders - Entry - 8410-8430 SL - 8368 ( 40-60 points risk ) Target - 8460+ ( depends on the price action later as it forms ) R:R = Good ( target would be following the trend, so no pin point) 3. Opportunistic Traders ( Min Risk | Max Reward ) - Entry - 8383 SL - 8368 ( 15 points risk ) Target - 8460 ( 77 points reward ) R:R = 1:5 Glad to help. I hope you like it. I hope you are liking the charts, I will try to do my best, thanks for the immense love shown.
NSE:NIFTYLong
by dravya
4
NIFTY Weekly Update - Open tradeGreetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, following our daily update, we mentioned that the NIFTY could turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance. Now NIFTY has been stumbling in the 61.8 Zones. For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis! For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety) For understanding the risk (SL) & (TP), please refer to the link in the signature section below (it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it). Fell free to reach us to share your thoughts/comments! Happy Trading
NSE:NIFTYShort
by DineshKrishna
4
Will NIFTY sustain 8000 Levels? - An Elliott Perspective!Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY. the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below! NIFTY MONTHLY ANALYSIS: The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders). The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding. The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees). This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis! To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video! Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups. .
NSE:NIFTY
by DineshKrishna
12
Gartley : The Gladiator ! Will it Save Nifty ?!Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.) so if patterns behave as they ideally behave Nifty may rise up till resistance zone 8680's. But we should note that, for past 2-3 weeks we had approx.3 pattern failures only, so we should take steps carefully bcos we can't win everytime or 95%. In the same pattern completion zone we have a trendline passing through which is tested 4 times and Nifty moved up. I remember GBPUSD which I did yesterday night, similar to Nifty, it retested 3 times & 4th time when I entered long it failed. Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy ! But I expect today we may have calm day kinda ranging bcos silence after the storm. Let's See... If the Nifty goes down plan your trades accordingly, I just gave my view based on Patterns n Elliott's ( oh God ! I forgot to explain ). Its simple wave count we have done with imaginary moves for Nifty but if you want to alter elliott counts you can start at Point (A) of ABCD pattern, that Elliott count is also correct. So based on patterns,Elliots, Trendline we expect upmove in Nifty till resistance but we will find out soon what happens... I may be wrong or right in My view ! BottomLine : Usually Newbie's will kick themselves and scold their luck, No Guys.. It Just happens,part of trading Game. None does something willfully against you knowing your strategy or to takeout your stops ! Its all our absurd imagination... Stay Strong in Trading Game. It's all psychology !
NSE:NIFTYLong
by InsiderB
19
Nifty : Panic Selling : Will it turn out to be like Brexit eventLast Post : Nifty -1.76% after touching high of 8960 has now entered into correction mode !! So wave 5 ends of Wave 3 of Wave 3 !! Expect this correction to complete either at 8550 ( Less chances ) or at 8700 levels !! Wait till the FED meet this month -- Once FED goes with no rate hike -- Expect markets to touch life highs !! So Now we are at 8600 -- Should you buy -- yes - the best opportunity to go long !! Huge Buying cash figures !! If this continues market might repeat of what happened after brexit !! No major breakdown !! abc correction of wave 4 of wave 3 gets over at 8550-8600 !! Expecting gap ups from now onwards till Nifty reaches Life high !! Oct 4 - RBI meet -- .25 will be priced in and if 50 bps rate cut happens that would boost markets !!
NSE:NIFTYLong
by AnbHfund
1
Nifty : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !Howdy Everyone, I'm biased today !!! From the title itself you will be knowing that Nifty is on Bullish mode, yes true. Yesterday we had Descending triangle pattern & I mentioned that upmove is not gonna happen yesterday. But its time Now, as we have clear Airspace & Runway, Let's signal the Nifty to take off. I'm expecting around 70-100points gap up, big one but its fine even if its 50pts Gap up. probably Nifty will open above triangle trendline {aggressive entry}, if opens with triangle & breaksout we lucky. But whatever tradesetup it forms go in with proper stops. I don't see any setups for Shorting, so no shorts for Me, though there is potential Harmonic pattern, but for that to complete Nifty needs to move up, lets see that later. Let the bears take rest,Bull Stampede Begins or will they prove Me wrong ? Lets see... As promised, posted earlier ! For the Day : Lieutenant's, Airspace & Runway Clear - Lets TakeOff !
NSE:NIFTYLong
by InsiderB
25
Nifty : Long at 8500 For Targets - 9100/9200So after our last post -Nifty : Brexit Gone - Now What Long The market has risen by more than 8% - i.e Nifty 0.89% . Nifty is now in a consolidation mode -- which we expect to be over within next 2-3 days - rebound might happen at 8471 and if it breaches this then the next stop 8400. Wave 5 of wave 3 in play - means complete wave 3 will be ending soon around life high for Nifty 0.89% . Expecting this play to complete before the FED meet ( FCNR outflow specific to India only could also limit the upside ) !! This was posted on -- Trade still remains open !!
NSE:NIFTYLong
by AnbHfund
Nifty 50 : Hearti'ley Gartley - Expecting Gap Up !Happy Monday Guys ! With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have Beautiful Gartley and bcos of that reason I'm slightly biased towards Gap Up and hitting minimum Target 1. So this Nifty ranging will give Gap Up and reach our targets ? Let's see... Happy Trading !
NSE:NIFTYLong
by InsiderB
19
Nifty : Let's Ride the waves...Happy Monday Friends ! Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience. Let's check our surfboards right away & get it ready to surf along Nifty waves... Next resistance level for Nifty around 8800's to 8850's,lets keep a note of this zone will be used later in analysis. The above chart has two types of Elliott wave counts (nothing complex, simple wave counting only). Wave Type-1 starts @ 8520's & Wave type-2 @ 8540's. In both wavecounts Nifty has completed Wave-2 and now moving along Wave-3 where it's kinda consolidating forming symmetrical triangle pattern. Now we need to look for wave 3 end, check the fib extension levels on Wave-1 for both type-1 & type-2, Fib extensions 1.618 of Wave-1(Type-1) & Fib extensions 2.0 & 2.24 of Wave-1(Type-2) ends up in our marked zone 8800-8850,so Wave-3 will end in this zone. Wave-3 is biggest wave, so what if we get a chance to ride the wave ? Yes, we do have a chance with the symmetrical triangle which we have noticed earlier.Considering that an upper breakout happens in Nifty, we will ride the bulls up to our zone 8800. Now,please take a look at chart again what do we see ? Bearish Crab...coinciding with wave-4, lets remove our Bull shirts and dress up as Bear's till next support in Nifty which is 8700.Then back again to wave-5 upwards to 8900's. So here we are planning for all blooming rosy scenario of 500pts in Nifty. If someother priceaction happens in Nifty other than our all rosy scenario, re-analyse the charts and enter based on confirmation from your tradeplan. Never enter on hope that as we did analysis,Nifty will follow our path.Everything goes well, we will pocket 500pts in next 20 trading days,probably around Sep 20's.With RBI Governor's appointment announced,if market takes it as positive we will get breakout from this triangle. The crux is to enter Wave-3 of Triangle breakout, Wave-4 on Bearish Crab and Wave-5 on simple pullback system.There is another post I did on BankNifty based on Elliott's in-line with this Nifty analysis,check it out. I hope this post is really informative on how to do an analysis n confirm your entry points. Hit Likes if you agree with the content/ideas...They keep me motivated to post more quality analysis... Feel free to leave your comments/opinions...Thanks for your Support ! Happy Trading !!!
NSE:NIFTY
by InsiderB