Niftyshort
NIfty50 in 15minsNIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775
Key points :
1) Nifty has formed a triple Top
2) Rising Wedge (a potential reversal can take place)
3) psychological level at 12000
Nifty50NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775
Key points : 1) Nifty has formed a triple Top
2) Rising Wedge (a potential reversal can take place)
3) psychological level at 12000
NIFTY BREAK IN STRUCTURE - RETRACEMENT DUE.After purging stops midday, nifty showed a v shaped reversal. My view is nifty should retrace back to the green zone and manipulate to the upside taking liquidity before downfall.
Disclaimer: I am not a SEBI Registered Advisor. This post is purely for educational purposes only. I will not be responsible for your profit and loss.
Please confirm with your investment advisor.
NIFTY CURRENT PATH
This is a Flat Structure where we have Waves A and B completed and now Wave C which is a downward Impulse forming; so for now you can forget buying; it should bouce in our Supply from the Demand drawn as per the dotted lines and then Nice fall I have also mentioned the target in the downward direction;
Nifty ShortNifty yesterday given "Spinning top" in daily time frame.
and today "Open = Close" in nifty.
it creates a "Doji" .
Both Scenarios after a good uptrend indicates a reversal.
and also we should keep in mind the exhausting gaps remaining in down side.
i am bearish in nifty.
lets see in upcoming days.
Nifty Re-Crashall the market along nifty will crash upto 50%.
Hold on to cash.
and also considering buying 10 to 30 %
bitcoin.
After considering the debt level, the balance sheet of the most of bank,
and activities about the fed and RBI, and the insider information from central bank as well as some hedge funds.
I am coming to the conclusion tat not only nifty but most of the market around the world about to have re-crash.
Jay Hind 🙏
lets make India a superpower.
NIFTY bloodbath today, tanks 2.8% | What to expect now?Nifty - Technical Analysis:
-Indian benchmark indices had a gap down opening and kept losing ground as the day wore on, to finally end the day around 2.8% down
-NIFTY broke 11k in the start and kept falling after
-The uncertainty regarding an economic recovery, the unabated rise in virus infections, and today being derivatives expiry day, all contributed to the negativity. With volatility expected to be high, traders are advised to remain cautious.
Market - Driving Factors:
-M&M, TCS, Bajaj Finance, Tata Motors and IndusInd Bank were among top losers on the Nifty, while HUL was the only gainer.
-All the sectoral indices ended in the red with IT and Metal indices shed 4 percent each followed by the Auto, PSU Bank, Infra and Realty indices.
-The selling continued on the six consecutive day on the Dalal Street on the back of weak global cues.
-IndusInd Bank, Tata Motors, Bajaj Finance, M&M, IOC, UPL, Tech Mahindra were the other prominent losers in the Nifty50 pack of stocks, falling over 5% each.
Nifty - Outlook for Wednesday, 23th September:
As mentioned in previous posts, NIFTY reached 11k and also broke it with conviction. Weak Global Cues coupled with worrying data points from the US led to a gap down start today even as the re-emergence of the virus rattled the Euro Zone. Indices here saw deep cuts led by TCS & Infosys as both along with RIL were the ones which led the recovery in the last five months. The broader markets were pounded today much beyond the 3% cut witnessed in the Indices.
We can expect continue in downtrend with a test of 11k as resistance if it bounces to next level of 10600. Investors can accumulate in their long term portfolios.
NIFTY SHORTNifty has broken its strong Support Tl1 and its currently at its retest, the fact that second wave of covid that has started in UK might be one of the reason for this shake down But following Technical analysis I can say its weak for upcoming sessions,
Moreover there is a common Gap at the bottom that is still left to be filled.
The entry points are given along with all targets based on S&R.
If you want to go then prefer short side stocks or else go long in pharma or auto sector.
Note: These are my independent views, follow your own analysis while trading.
Timeframe Calculation for the Fall in Nifty;
Here I have verified The Leading Digonal Wave by Wave to clear every doubts anyone still has;
Now this entire Wave 1 has taken 9 Days and some hours to complete;
This is Wave A of Wave 2 which has taken 1 day 22 hours to complete hence Wave B we should give 1 and half day Wave C should also take minimum 1 day; hence a total waiting time Monday and Tuesday or maximum Wednesday Thursday onwards we should see the Fall
Now we know Wave 1 has taken 9 days and some hours; therefore Wave 3 will take around 10 days to complete hence we all can be sure about taking opportunity with this month's expiry;
After the Wave 3 ends we will have a Wave 4 which will be a Complex Correction Structure as Wave 2 is a Simple Correction hence please wait till the Wave 4 ends; once the Wave 4 complex correction is Over I will post the Analysis for Wave 5 which will be again a Good Downward 5 Wave Impulse Wave;
I hope this answers all your doubts and queries; or else please feel free to ask;
I wanna Thank all of you for all the support and appreciation;
Thank You once again;
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