Get started

Niftytimeanalysis

Sell now & buy stocks on Diwali 2020, Nifty analysis Multi-frameNifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking. Or if buying is done this level it should be done with proper hedging with PUT option/ Gold. The charts are pretty self explanatory with comments at each points. Weekly chart analysis of Nifty On March 16th nifty has broken (9500) very crucial support coming from major trend line since 2009 after it made bottom of (7500), yesterday it has tested support (9500) become resistance (9500). With these nifty will see having selling from here and will continue its downtrend. Daily chart analysis of Nifty The downtrend will emerge soon, what we have seen on weekly chart. On Daily chart we are seeing flag and pennant pattern in downtrend (powerful pattern) pennant is a consolidation zone and we are at the end of consolidation meaning soon we will see down turn and new bottoms. (Another way to look, flag can be seen as Elliot wave A, pennant wave B, and Wave C is coming) After seeing down force and long term/ Mid term charts analysis we will see nifty will take support somewhere between 6326 and 4773. It will depend on how things will turn out in future and how much force it goes down with. I hope this analysis will help. If you agree with analysis hit like, and Its ok to disagree. Please help me with comment below either way. :) -Ankit Salgia
NSE:NIFTYShort
by AnkitSalgia
2
Nifty - Time studyHello All , Markets waiting for todays US FED rate hike decision: Just some observations on: ABCD pattern : I know BC has to be .61 of AB , but in this case its 0.5 So 1.23 projection is 9220 , 1.38 projection is 9380, 1.5 projection 9510 (<---- IT and Pharma need to support) Previous down leg from sep 2016 to dec 2016 is : 16 Bars Bar Counts from 26 dec 2016 (bottom) : 12th Bar i.e next weekend 24 march = 16x0.76 aprox 12 bars 13th bar i.e month end 31st march= 13 is Fib number 14th bar i.e 7th april = 109 th bar from (2 march , 2015 top) i.e 79 bars x1.38 Neo wave expert Please comment on following : If a-b-c-d-e is Neutral triangle as shown on chart , what is the target after neutral triangle completion ?? weekly RSI still below 70 , stay alert when it reaches 70 : Don't compare RSI values which are miles apart for divergence . Put call Open interest 9200 Call has max OI of 52 lakh , (If breached again a sharp move upwards.) 8900 put has max OI of 50 lakh
NSE:NIFTY
by neneram