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Niftyshort

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.
NSE:NIFTYShort
by NeeravYadav
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
Nifty, I'm Back in the Game !Hey Guys, How you all doing ? Hope you are good... Its been a while right,since I posted ? Yep, I'm Back... Take breaks quite often guys.. what's the need for money ? To enjoy the life, so when you make money we should take care of the fact that making Money itself won't become a stressful work. So frequent breaks always helps. Let's jump into analysis & see what Nifty is doing without Us ? To connect to the past in our last post, we decided Nifty will move around 8550's, such a sweet darling Nifty is, did exactly the same thing came down below 8600's n ranging putting up a channel - probably to give the breakout to downside. Even if the channel breaks to downside, we have potential double bottom formation around 8540's which needs to fail for the further move down. If you want to get fancy & do wave counting n all, thrown in some wave counts, we end up in the middle of wave 4 which is yet to get completed, on downside breakout of channel Wave 5 begins in Nifty, an upside breakout makes the waves fail. You can do with or without Elliott's not at all a problem. Bcos it depends on trading chances on potential breakout of channel shown above. If the Double Bottom works (on valid confirmation), then its such a sweet spot to initiate longs in Nifty with proper stops for a move towards 8700's to fill the Gap. In that case we may need to book early profits of approx. 50points in Nifty. So its a Game whether 8700's comes first or 8400's, but both will happen. Bull or Bear - we will make money in Nifty. Though I'm biased towards Bears,if Nifty breaks below 8500's - Guys, get ready to play in the Mud, it will be really nasty play in mud which means how soon we break below 8470's to reach for the Most Expected 8400's.Mud play implies ranging days till Diwali 8400's to 8700's bcos both Bull n Bear goes out for Diwali shopping & Nifty will range. You may think why so much pessimism ? Its not pessimism, we are optimistic on making money over pessimistic Nifty. In all probabilities I may be wrong, but a good move after Diwali is expected. Insider B is Back !
NSE:NIFTYShort
by InsiderB
23
Nifty : Not just making money, We are Minting Money !Nifty analysis is over before we begin to start, yes true. The expectations and scenarios for the day are given in chart itself and it opened right at trendline. Lets move to something interesting..." What we made during September ? ". You guys know I did same for last part of August month, For September I consolidated details on Saturday itself but I was highly oscillating should I share this or not ? Finally decided to share with some disclaimer. (a) I'm not comfortable revealing My trading journal, so Details of Trading journal not revealed here only tradingview. (b) Its not to show off or I made this much or to make someone jealous (c) Its to motivate you guys to learn about trading properly & to use that knowledge with discipline to trade. (d) Tradingview is all about transparency thats what they mentioned in Blog, so I'm going transparent about charts I posted. (e) I like to view/take things lightly, thats My Style - you all know. Again its purely to motivate you & instill confidence... Here comes details : To keep things simple, I considered trades as Intraday & closed by EOD 1-sep-16 No trade {Range Day} 2-sep-16 No posts, so considered No Trade 6-sep-16 +90 pts { Bullish Flag Break ; Butterfly no entry at all } 7-sep-16 +25pts 8-sep-16 +55 pts 9-sep-16 +70pts 12-sep-16 No trade { stayed away } 14-sep-16 No Trade {Range Day} 15-sep-16 +20pts { the late Gartley squared off by Eod } 16-sep-16 +90 pts 19-sep-16 (-)10pts(Range Day) 20-sep-16 +30pts 21-sep-16 (-)20 pts 22-sep-16 +15pts { squared off by Eod } 23-sep-16 +25pts 26-sep-16 +45pts {On trendline break} 27-sep-16 +25 pts { squared off by Eod } 28-sep-16 +15 pts { squared off by Eod , Nifty moved exactly on the path drawn but we got 1 entry only } 29-sep-16 When everyone said North, We stood against Bulls and tamed Bulls, even when whole market panicked n dropped , We stood against Bear force & hunted them like Gladiator. My posts are proof of it, so trend or countertrend follow your plan with discipline, Even if whole world is against Us, Success will be Ours ! Signing off, Insider B
NSE:NIFTYShort
by InsiderB
17
Nifty : Where are My Roasted Peanuts ?! Bring it on...Hi Guys, If roasted peanuts are not your favorite snack, Get samosa n chai.. relax for the day. I guess Nifty is going to range for the day and the direction of Nifty will be decided based on RBI outcome. This time we have Monetary Policy Committe ( 6-member panel) discussing what to do with Interest rate n whats best for Economy. Actually, when Urjit patel (Deputy Governor @ RBI in 2014) proposed 5 member panel, at that time RaghuRamRajan (R3) held the top post. The suggestion was 3 members from RBI & 2 members nominated by RBI Governor, it was almost autonomous as there is no intervention from Centre. R3 did what's really good and needed for the economy during his tenure, many times he refused to cut rates ( Awesome Courage, to defy Center's request n to do what's Best for Economy ). So the central Govt. came up with plan and proposed 3 members should be nominated by Govt. so that they can intervene RBI policy decisions ( Bad for autonomous institution like RBI ). Frankly speaking I'm frustrated , annoyed also bcos Central Govt. didn't even try to retain R3. You won't get Economists like R3 who served as Chief Economist at IMF & had contradictory view on Global economy when everyone said world economy is good (2008 crisis). I don't underestimate Urjit & other deputy governors but Raghuram Rajan is real Rockstar Banker. Coming to analysis, I'm not sure why I always try to contradict the market or other expert views ( Kinda R3 effect ? :P ), till RBI meet is over market will range in our zone, it opened right in Bull vs Bear (fight arena ) let them fight and someone will win, we will take that direction. But, I will watch keenly for bearish price reversal confirmation in the zone and love to short Nifty. Probably, a rate cut can send Nifty to volatile mood,thats why I'm suggesting, Grab roasted peanuts or samosa chai & watch Bull Bear ( B vs B fight ) till 11 am... oh wait, new Monetary Policy Committee meetings outcome will be known by 2.30pm only... Cancel that Peanut,Better Order Biryani... Eat & Sleep...
NSE:NIFTYShort
by InsiderB
11