Nifty Elliott wave analysis for 22nd Nov 2018As per wave count Nifty is still indicating a down fall towards 10552-10502 range as wave (5). one can use 10634 as stop loss for that trade. Have a safe and profitable trading...
Niftyshort
Nifty Elliott wave analysis for 20th Nov 2018Nifty achieved all minimum projection and now can correct up to 10595-10483 range. short selling can be initiated after seeing confident pattern with small stop loss for the target of 10594-10483.
Nifty Enter Fighting Zone Keep watch...Nifty Enter Fighting Zone Keep watch... and also form AB=CD
Expect zone 9950 to 10150
watch also Global Factors...
Possible to drop down
Disclaimer:
The information contained in this presentation is solely for educational purposes only.
Nifty Elliott wave analysis for 17th Nov 2018Wave 5 and (v) both are in its completion range so buying should be avoided and trade whenever get the opportunity for selling with small stop loss.
NIFTY50 on Support Zone 10300 Points Must See This Chartif support fail then you can seee easly More Correction upto 9000 Points in NIFTY 50.
Price Retest on Support Level then very soon also a Heavy Bullish Trend upto 12500 Points.
Let c ...
Stay Tuned...........!!
Learn Here , Earn EveryWere
Nifty Outlook and Trade Setup for October ExpiryOn 8th October it was published that Nifty may give a relief rally upto 10750 (Refer to the link below). The Index opened gap up on wednesday 17th Oct and made an high of 10710, just short of 40 points of our pullback target of 10750. Bears tookover the dalal street again after 6 trading sessions to give a closing at 10453 i.e. -257 points from highs.
The Pullback looks complete and now again the support of 10200 should get tested. However Index will have to fill the important bullish gap (10322 to 10251) which was made on 12th October opening. A close below the demand zone will confirm the levels of 10000/9950.
Trade Setup
Short Nifty at Cmp of 10453
Target / Important Support Levels (Trail your SL at every target level)
10320
10290
10250
10200
10140
10050
9950
Stop Loss
10565
Dead Cat Bounce / Relief Rally..!? Nifty Outlook 8th to 12th OctLast week we witnessed some intense selling. Nifty Lost close to 800 points in just 3 trading sessions. Now what next...!? Normally after such intense selling there is a pullback or a dead cat bounce. Also some key factors in the coming week which can trigger a pullback can be Cool off in Crude Prices, USD INR and Improved Q2 earnings from heavyweights like TCS, HUL etc.
Coming to technicals, 10100-10180/200 is a demand zone (blue shaded region). Also 10200 is a support as per OI Data. Expect some pullback if these support levels/demand zone holds. Resistance Levels or Targets for Pullback are mentioned below(also marked on chart with yellow lines):-
*10400-420
*10540-560 (strong resistance)
*10600
*10750-60 (major resistance)
There can be a very short term uptrend so I wont advice anyone to add positional longs.
Note: Trading pullbacks in a falling market is risky. Market trend is Sell on Rise. Ideally shorts should be added at every resistance level.
Nifty 10450 - 10210 on Oct 9, 2018 (read on chart for details)Technically Nifty is in down trend but I have explained on the chart
Tomorrow range is 10210-10450 and
if breaks 10,190 then down further
if breaks 10,480 then up further
Nifty can touch 10,220 & recover (if no negative news)On Oct 8, 2018 Nifty can move down upto 10,220 and recover from there. Be ready for bullish rally in coming days.
If there is big negative news or rupee fall heavily then it can move down below 10,200
THE NEXT BEAR PHASE..!? 9950 / 9700 / 9550 / 9050 Levels Coming?Nifty Spot as on 4th Oct - 10599
The momentum of selling pressure, global sentiments and macros indicate that, this is the start of the NEXT BEAR PHASE...!!
Important Support Levels as on Monthly Chart are mentioned on the chart above.
Bulls Need to give a Monthly Closing above 10400 to avoid break of the bull run trend line from Feb '16 to Aug '18.
If 10400 breaks and we get a monthly closing then Nifty can fall all the way down to test the Monthly Support Trend Line.
Positional Short @Cmp of 10599
Target 10400 / 9950 / 9700
Stop Loss 10865
Nifty movement for Oct 4, 2018- downward and bounce backNifty is in downtrend technically, it is moving towards next support of approx. 10,800 and then 10,650 but it will bounce back from somewhere in between (10,721) of these 2 supports. please see the charts
Nifty Outlook 4th October and Trade SetupNifty will test the channel support around 10800 and likely break it to test it's 200 DEMA at 10770. Important Resistance Levels (purple) and Support Levels (Green) are marked above in chart.
Trade Setup :-
CMP 10850
Short @Cmp or in 10900-930 zone
Stop loss 10985
Target of 10800 / 10770 / 10750 / 10735
All the levels mentioned above are spot.
Bulls need to protect 10750-770 or else it's *GAME OVER*Nifty is resting at support of 10820-50.
Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff.
These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options chain support lies around 10700.
3 consecutive closes below 10750-770 can trigger a start of a Bear Market ending a long 32 months of Bull Run from January 2016 to August 2018.
Nifty - Medium Term ViewLevels mentioned in chart.
Positional view only.
Disclaimer: I am not sebi registered analyst.
Nifty outlook...Nifty previous week make strong Bear keep watch the previous Support level if break 11502 and 11350
Where is NIFTY heading ?With a good 1000 points bull run, NIFTY needs consolidation before beginning a fresh run
If NIFTY closes below 11570, book your portfolios
11350 would be first level to watch out for re-entering longs
NIFTY :- Probability of Cypher PatternNifty has seen some weakness from the reversal zone of Butterfly Pattern ( 11495-11520)
On hourly chart there is probability of Cypher pattern.
Currently at channel support ( 11350-355)
Below which 11270, 11230 , 11130, 11080.
Sl : 11390 and 11460-11470
Nifty updated counts (Elliott Wave Analysis)In this post I will be discussing 2 Hypo's basically both are suggesting that we have atleast one more up leg remaining before some big downside can be seen.
Hypo 1 posted above suggests that we are in an Extended W.(5) which looks to be in it's final stages.
Hypo 2 posted below considers W.B/2 as a Running Flat instead of a Triangle and suggests that we may be currently moving in an Extended W.(3).
Will update further as this market progresses.
Nifty looks to be moving down in Wave 4 (Elliott Wave Analysis)The move up after the Triangle seems to have completed nicely as an Impulsive structure and hence it seems that the current leg down is for Wave .iv which can take Nifty to 11075 to 11010 levels.
Shorts can be held with SL above 11176 which is the current swing high.
NIFTY Rectangle Forming... Possible Breakup 11150Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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