Nifty might go a bit negative to start with but it seems like a buy on the dips market.
The OI Analysis suggests the same with the the PUT CALL RATIO on the rise.
KEY LEVEL for now is 10235.
Nifty moved yesterday respecting all the levels mentioned on the chart.
Today Nifty might open gap up. Bulls seems to take over now as expected.
PUT writing is on the rise.
KEY LEVEL for now is 10235.
So I booked most of the profits yesterday from the Nifty short position and got a few lots because I expect Nifty to drift down to at least 10052 level.
If Nifty breaches that then the level of 9996 would come into play.
I'd suggest you all to use your buying power wisely and make long positions in steps just don't simply go all in at the 10052 level or the 9996...
Booking profits at 10125 now, right from 10480 and keeping a few lots just for the 10052 level.
This worked out well respecting almost all our levels on the chart.
A possible reversal seems close now from here but might show some consolidation at the start of it.
Anyway, for now 10000 seems a strong support and also the 10200 level has got too much...
Nifty has been galloping at a fast pace over the past few days . The steady support offered by the lower channle of the Pitchfork does augur well for the broader idex as a whole. However we note that the rise has now tread into 1.618 of the recent pullback and hence some profit booking may emerge. The best approach hence would be to book some profits if the Nifty...
In today's session a follow -up bearish candle has formed, which was quite expected on seeing strong Bearish engulfing in yesterday's session.
If you look at candles, you could find that the today's momentum was bit less than the previous session, which suggests keeping near near term resistance levels in check, so that the further move can be tapped on the right...
Nifty did see profit booking yesterday, as expected.
Today, Nifty might open gap positive but those who are aware knows that how mutual funds are playing with the organic growth of Nifty and just playing with its immense capital distorting the trend of Nifty.
This push today might help Nifty see new highs but still this is not good for Nifty.
Anyway, the key level...
Nifty might see Profit booking today and can also see a reversal in the trend if it breaches the 10290 level.
One can go short once nifty closes below the 10290 level.
Even though the Call writing seems scattered right now but the up move somewhat seems to lost its steam in the process.
Nevertheless, right now Nifty seems to be in consolidation phase and if the...
Nifty is moving as expected so far.
Now moving ahead the market's going to see positive movement ahead.
We might see some profit booking also but I'd suggest to hold long until Nifty trades above our KEY SUPPORT ZONE of 10250-10230.
As of now this bullish move is still intact and the market is going to keep hitting new highs.
Also check the charts of the last...
Yesterday, Nifty moved according to our expectation and within our range.
Today, Nifty might open negative and we might see some profit booking today but its still a buy on dips market.
The PUT writing seems good right now and it support our levels, like we saw Nifty taking support yesterday at the 10250 level.
The KEY SUPPORT ZONE is between 10250-10230.
One can...
Nifty moved according to plan yesterday.
Today Nifty might open gap positive and see new highs on the basis of the capital infusion in the PSU banks.
Meanwhile the PUT CALL RATIO is above 1.6 right now and we are witnessing heavy PUT writing on daily basis.
Mutual Funds are driving the market single-handedly with bucket loads of cash in hand.
Nifty is afloat clearly because the Mutual Funds cash is soaring and they got too much capital to drive the market but then again this also calls for a crash like situation when they decide to sell and then the real fun starts for the traders not so much fun for the investors though.
One can go long if Nifty manages to close above 10250 and we're in for a good...
MARKET ANALYSIS: The pair is now in accumulation period and if the market is able to break the all time high. We can see another 50 points rally to the next resistance zone. So lets wait and see what the market does in the coming days. Cheers!
Seems like #MUTUALFUNDSSAHIHAI is working quite well for the DIIs.
Too much cash to drive the market and to wait for the FIIs.
Now, Nifty might be on the verge of seeing new highs and heading towards a big and a new target as long as it holds 10041.
If today Nifty trades above 10041 it would be time to go long. So keep your eyes on the price action and if by the...
One slip up and Nifty will become a sell on rallies market. Also Nifty's yesterday's move was expected from Tuesday. Check charts below.
In yesterday's chart before the market opening there was a warning with two DOJIs forming back to back and yes the downfall happened.
It was just a matter of time and also I was skeptical about the further up move of Nifty...
