Nifty has completed a 3 wave correction down and is near the previous higher degree wave 4 low. So this should continue up for it's final move above the current ATH.
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.)...
Hi Guys,
Its time already to post for Nifty but I'm still typing the content here, Sorry for the delay. Today we got 3 points to discuss, (i) Nifty analysis (ii) Farmer's who Trade (iii) Corporate News events & how they hustle your money !
(i) Nifty analysis :
Actually I expected Nifty to move in channel shown above but it gapped up. Anyway, being...
The simplest Elliot wave count & its potential corrective waves are shown in the above Nifty chart. The corrective waves(abc) just started, so it may or may not happen, we will findout soon what Nifty thinks. Before going into today;s analysis,
Yesterday's Cypher was still valid, it neither hit My stops or Targets. So what we can expect today ?
(i) There is...
Hi Guys !
Yes, going against the trend is catching the falling knife, but if you have the skills, there won't be any fear. From the Nifty chart we can clearly see that there is cypher within Gartley. I expect the cypher to give Gapup open today. If the cypher fails & support is also broken, we do have another potential Gartley completion around 8620's. Those...
Hi Guys,
Just two simple scenario's in Nifty, so the details in the chart repeats :
I see two scenario's or potential formation for long/short trade setups.
(i) If Market opens Gap Down, Nifty can find support in the zone below 8800's n bounce back
(ii) If Market moves up & gives bearish reversal around 8880's we can enter short
(iii) Breaking any of the...
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...
Hello Good Morning Friends ! Cheer Up...
Yes, we do have some trade opportunities in Nifty today. Remember yesterdays Bull flag on 5mins, it appears as rectangular pattern on 15 mins, so if a Gap Up or Nifty open in zone with rectangular breakout to upside will give us real good chance of grabbing 20 points in Nifty till the resistance zone 8840's. Actually, if...
Hi Friends,
I gave enough descriptions for the Nifty in chart itself, if any doubts, leave a comment below I will get back to you ! Now I wanna address something important...
This post gonna generate lot of heat, I guess. If it doesn't, I believe we are matured enough to accept criticism / feedback and constanly trying to improve. Below are few points which I had...
Nothing fancy today, No patterns or complex wave counts... Simple Double Top in Nifty. But is it Valid Double Top ? Actually, if Nifty is @ 8968's we can vouch that its very much valid double top but its few points away and we have resistance zone also. Nifty is known for its mischievous Gap openings, so lets wait n watch whether we get bearish confirmation in...
Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty to decide the direction, we have Bearish...
Hi Friends, Let's Welcome September by counting hatched chickens of August ?
(1) Bearish Cypher - 80 points ( trailed stops)
(2) Bullish Cypher - Lost 15 points ( Broke the pattern straightaway)
(3) Bullish Gartley - 240 points ( Trailed stops aggressively & We caught wave-3 perfectly )
So whooping 305 points in few days..Great for Nifty I believe. But before...
This is continuation part of other post on Nifty wave prediction, I guess if you have either followed your own plan or patterns insync with wave predictions just adjusted triangles without any spils, you will be riding waves from 8550 if you got in with cypher posted earlier, almost 200 points in Nifty...Just going more stronger. We can expect pullback to retest...
Happy Monday Guys !
With 29 mins to go before Nifty goes live for the day, It will be thinking as " Shall I Gap Up for the day ?? " " What I can do to surprise them ? " . We are getting back to back patterns, we had Bearish Cypher which resulted in fall of Nifty & Bullish Cypher which kicked the price for Gap Up on friday right on Target-1 and Now, we have...
Happy Monday Friends !
Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience.
Let's check our surfboards right away & get it ready to surf along Nifty waves...
Next resistance level for Nifty around 8800's...
Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
