As of now decline from 9889-8807 looks a three wave move, but the bounce from 8807 doesn't look impulsive so it can be a corrective wave of 9584-8807 and Nifty can decline again below 8807. 9104-9195-9287 can act as a resistance zones.
Current Situation: Nifty is trying to move up But, Gravitation pull back is strong Direct fall Because of bad news. NEWS plays a very vital role in the market condition. From Year 2008 Following the same channel till now. Falling range 1260-7474 =" -6,214" "Value area" it is called as where the trading most happen. "No Trading Activity" is where no...
FII bought 19.2 K contract of Index Future worth 1283 cores, Net OI has decreased by 2.5 K contract, 8.2 K Long contract were added by FII and 10.8 K shorts were covered by FII. Net FII Long Short ratio at 0.90, So FII used fall to enter longs and exit shorts. Nifty open with gap up bulls were able to enter above 9132 but missed our target by few points as high...
1. In this chart I circled price behavior in green at all levels provided few days back give the correct information of frequent entry and exit . If anybody has the knowledge of how much any move whether with trend or counter trend will travel in correct direction can perfectly work in intraday trades with the help of given support and resistance in this range...
As of now bounce from 7511-9889 looks like corrective bounce and nifty can decline again towards 7511. Only a sharp bounce above 9584(without breaking 8807) can save nifty from falling towards 7511.
In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.
COMPARING MY YESTERDAY STATEMENTS WITH TODAYS REAL PRICE MOVE. 1. In my previous post I said in point no.1 a ref line in daily chart is intact so market can move down . it means one has to be in shorts till this yellow ref line is intact. But when in day after 1.30 nity cahnged its sentiments by breaching it ,there was no logic to be short. That is why given...
TARADING PLAN FOR NEXT DAY 20-5-20 1. Threre is nothing to compare in my last statements with actual move , as nifty made inside candle so nothing to compare. A yellow line is intact so nifty is ready to go down to blue zone. That I said yesterday and sticking to this point. If dow today closes in bearish down candle then tomorrow this move will continue....
COMPARING MY PREVOUS STATEMENT TO REAL MOVE IN SGX TODAY. 1. In previous post point no.3 I clearly told you about the condition of green doted line quoting my words " morning star parttern is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go to in 1st micro zone ." You can see price breached the...
COMPARING MY FRIDAY STATEMENTS WITH REAL MOVE O TODAY. 1.In previous post point no.2 every thing mentioned crystal clear, " I expect gap down open with the target of pink support." . Any body can see the price touched exact pink line even did not take any support from line. Every day I show you the precision of my zones, srpport,resistance work so accurately...
COMPARE MY YESTERDAY STATEMENTS WITH REAL MOVE IN NITY. 1. In point no3. yesterday I gave you target of white lower dotted line in down side. See the pefection of this level. Aggresive bulls took entry by confirming this micro zone with red band of upperside. That has been maniested yesterday. In point no.4 I showed you green dotted trendline with the...
Nifty seems like going short but the upcoming news can change the trend to upward but technically its down for 8900 level. im bearish on Nifty
COMPARING MY YESTERDAY STATEMENTS AND TRADING PLAN. 1. Yesterday I mentioned that between red and green arrow is no trading zone. Beacause price will hunt for sl in both sides . Traders in both sides will not get good profit rather will be trapped in both sides. This happens in trading range. Therefore , avoid to trade in no trading zone. Nifty though did not...
COMPARING MY LAST STATEMENT WITH TODAY"S ACTUAL MOVE. 1. IN SECOND POINT OF YESTERDAY POST I CLEARLY MENTIONED THAT ENTRY OF BULLS IS SEEN ON WEDNESDAY CANDLE. IF THEY ARE STRONG THEN THEY WILL TAKE PRICE OUT OF WHITE DOTTED LINE AND IF IT DO NOT COME BACK IN 30 MIN THEN TREND WILL CHANGE TO LONG. SEE MARKET OPEN WITH GOOD GAP BUT BULLS WERE NOT STRONG EVEN TO...
From recent high 9889 to 9117 on down side nifty has completed an impulse wave and from 9117 corrective wave may be in progress now and after completion of this corrective wave nifty can decline more than 700 points.