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...
In 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.
We can long on Nifty at CMP 8343 with a stop loss at 8300 for target 8700 and above. This is a long term trade so we need to trade it in next months futures. Target time period for this trade is in the next two weeks.
Hi Every one,
Nifty trend should continue next month also but in near term there is two MEDIUM term trend lines are ahead. So i am expect possible TRUNCATED 5th wave. Next month target should be around 8900.
Possible reversal dates 10 or 14 FEB 2017
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.
TREND 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 (...
Greetings 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...
Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits.
Regards,
Nrupen
www.udemy.com
Honestly this upside was unexpected but it happened with shift in price volatility and upper resistance break. Keeping that in mind I think Nifty might hit minimum target of at least 8290-8300, but also keep in mind current upside is weak so make sure to maintain a good Trailing SL if you have already taken a buy position.
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...
This time Nifty is going to take immense time to get settle for fresh rally to
break the Resistance of 9000 Points ( Failed to Break 2 times in Past) .
So investors have excellent opportunity to take a position in the
Range of 8300-8150.
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.)...
Last 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 --...
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...
