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Nifty AnalysisI was looking at the NS chart hourly and came across this BEARISH PINBAR Candle at close on Friday. It makes ME believe that WE ARE UNLIKELY TO MOVE FURTHER UP FROM HERE. Also considering what seems to ME on the DJIA and SnP to be almost BOTTOMING OUT, the Nifty would rather follow the Move DOWN and stay in TANDAM with these 2 indices, and when the UPMOVE Comes, ALL 3 should start the Journey Together. I have marked the DOWNSIDE targets going all the way to 16300 odd and this is where I believe we will see the BOTTOM for now, thus marking the END OF WAVE C
NSE:NIFTY
by deepgups
1
Dow JonesW got a HAMMER candle on the DJIA on a DAILY basis,,, and I think an UPSIDE will ensue, upto the Range as pointed out by the RED ARROW. However, we are in an ABCD pattern on a Longer Time Frame, pointing towards 27600, which is where the Downturn should End. It has become a very interesting phase in the Times of the Financial Markets. As markets are going Lower...... People are getting More n More BEARISH. Mr Bhardwaj........ Let me understand the LOGIC from your """ I HAVE BEEN TOLD NIFTY WILL GO DOWN TO 15300"" SOURCE..... what his/her Logic is ???? This I have been told, OR I heard OR SOMEONE TOLD ME doesn't work in the Market. And for GODS sake, please keep HERESAY OUT of the Picture. Show me the LOGIC.... if you cannot, DO NOT COMMENT
DJ:DJI
by deepgups
$ indexI now believe that we will take off Into a BULL RUN soon. When I co-relate the DXY on a Monthly scale, the wave counts Clearly tell Me that we will TOP at 118 $ apprxx, so what does this mean ????? 1. We have an apprxx 6% upside on the DXY. 2. That in all probability 99.99% World Markets will bottom out 6% from Current levels. DJIA at apprxx 28000 - 28700 SnP at apprxx 3450. Nifty at apprxx 7200. Gold at apprxx 1575$. When I look at the above figures,,,,, They fit in Perfectly with my Projections AS OF NOW as well. There is TOOOOOOOOOOOOOO MUCH Bear Market Noise currently... and I think the BOLD who Go out and Venture will be Rewarded
CAPITALCOM:DXY
by deepgups
DOW JONESI am putting forward for your understanding of the ""DJIA". Wave counts marked AB4, are Bullish Counts wherein 4 represents a WAVE 4 Bottom. Marked WXYX ( to be followed by Z has not been marked yet), these show Extremely Bearish Counts. The circle marked in RED represents the Current wave and here is my PERSONEL opinion . We are into 1/5, wherein, within this 1, we have either completed wave 1 up and 2 down is going on, OR, we have Merely completed minor 3 of 1, friday down was the 4 of 1 down and a 5 of 1 up is pending to TOP OUT LARGER wave 1/5. Thereafter wave 2 down will come into play and then the sweetest 3 of 5, 4 of 5 and finally 5 of 5 TOP
DJ:DJILong
by deepgups
Nifty 4th April outlookWorld markets- DJIA, NASDAQ and the three major European indices closed in green on Friday despite Russia Ukraine war going on which does indicate some positivity for world markets. FIIs have shifted gears and are buying and then by default DII need to sell, so Friday's Cash figures were- FIIs net BOUGHT= Rs.1910 Crs and DII net SOLD=184 Crs. In futures, FIIs sold Index as well as Stock futures but volumes were not significant (-278 Crs & -44 Crs). So overall situation from FIIs standpoint is bullish. In the option chain there is huge unwinding on CALL side even though highest total OI and Call writing both, near CMP, is at 17600 which actually is ITM strike. Otherwise highest Total OI and Highest Call writing is seen obiviously at 18000. On PUT side however there is Put writing on almost all strikes which suggest a strong bullish build-up. On charts too both Nifty and Banknifty closed above psychological levels of 17600 and 37000 gaining a lot of ground intraday, again suggesting bullish activity. So summarising all signals despite daily fuel hike, despite war raging continuously, despite world governments talking about impending food and commodity inflation - markets are rising and looks like they will continue their forward march. If Nifty does fall due to some bad news which doesn't look likely, consider buying Nifty at around17540 with SL at around 17500 ( or below slightly). Though one can also buy at around 17590 ( with SL at 17560) that buying area will be compromised if there is any negative news from war/ crude oil front.
NSE:NIFTYLong
by protrader1969
Dow Jones (DJI) | Two points to start the correction📍Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. This index has almost the same form and structure due to the convergence with the spx index in the count. In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4 microwaves and are now inside the 5th wave. Wave 5 will probably form a triangle, and from this triangle, wave 4 at the end of its trend and wave 5, to create a balanced ratio for the main wave 3, may end on Fibo 1.618, and then the main wave 4 will start its correction. Breaking the red circle is required to confirm this correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJIShort
by mahdisoltaninjad
In two days, has the tide reversed?On 16th May I wrote “..So overa ll picture is bullish just because of positive global cues, improving covid figures and positive lead shown by SGX Nifty Friday night…”. On 17th Market rallied and Nifty closed 245 points up whereas Banknifty closed 1289 points up. But that was Monday. Two days later tide has reversed. How? Let me explain. 1) Both FIIs and DIIs, today, sold (net) in Equity Cash segment by 697 Crs and 852 Crs respectively. FIIs were net buyers in stock futures by only 141 Crs and net sellers in stock futures by 1425 Crs. It should be noted that only yesterday FIIs bought in each segment and they bought (net buying) index futures worth 3076 Crs- a big purchase- highest this month so far. So what happened in last 24 hrs that prompted them to change its stance. Let us investigate. 2) Covid data- The number of new covid cases are rapidly declining in few states and big cities but increasing in some states. Overall the number is declining but number of deaths due to Covid-19 are continuously increasing. Today at 8 am govt. reported highest single day number of 4529 deaths. Add to this the fact that actual numbers from UP, Bihar and Gujarat are not being reported according to local newspapers. The disease is also reportedly entered villages where basic healthcare is not available and data is not reaching on time. In other words, there too infections also could be much higher than being reported. 3) In lot of industries, it is now being seen that factories are shut or are operating at less than full capacity because of two reasons- One, labour and workforce is less due to Covid fears and restrictions from various state governments. Two, non- availability of industrial oxygen since there is still severe shortage of medical oxygen. This non-productivity will soon translate into numbers. 4) On Monday WPI data for April was reported as 10.49- all time high on YoY basis. In March it was 7.39%. Even that was high but an increase of 310 basis points is considered huge. Now that shows the picture for months to come and it is worrisome indeed. 5) Global markets- Currently DOW (DJIA) is down by 490 points (1.44%). NASDAQ and S&P500 too are down by 143 (1.07%) and 53 (1.30%) points respectively. The exact reason, apart from Bitcoin crash, is still unknown to me. Major European markets ( FTSE, CAC, DAX) too are all down by more than 1.25%. SGX Nifty is still stable at 15,045 but we have a lot of time to go before it closes. So as we see, a lot has happened in three days. Market which was felt oversold at 14,678 on Friday did rally on Monday and reached at 15,108 (yesterday’s close) where it was seen as overbought and correction ensued. And as we are seeing, this is likely to go down still further tomorrow. So I am on short side for tomorrow’s expiry. No clear-cut levels are seen for Nifty and banknifty for shorting otherwise would have suggested those but I have marked a resistance and supports. Use resistance to short if Nifty reaches there and use supports to book profits in short trades. Do NOT buy at supports, it could be disastrous.
NSE:NIFTYShort
by protrader1969
Market moves for 17th May Positives: 1) SGX nifty last closed on Friday at 14832, significantly above our closing price of 14,677.80 2) All the major US indices- DJIA, NASDAQ and S&P 500 closed in green by 1.06%, 2.32% and 1.49%, respectively, on Friday night. 3) All major European indices also closed in green – FTSE (1.15%), CAC (1.54%) and DAX (1.54%). 4) On daily chart, Nifty is at perfect point of reversal- closing above midline of Bollinger band and 50 DEMA but just below 20 DEMA. 5) Covid-19 cases in India are gradually reducing day by day and so are deaths reported by various states. 6) FIIs were net buyers in Nifty futures worth 625 Crs. Negatives: 1) FIIs are on a selling spree and on Friday sold 2607 Crs. worth shares in Cash segment, highest figure this month so far. DIIs bought only shares worth 613 Crs. In stock futures too FIIs sold 902 Crs worth futures. 2) On daily chart, Banknifty closed below the mid line of bollinger band and was trading below its 20 DEMA and 50 DEMA, finishing as strong red candle on Friday, with lower high, lower low and lower close w.r.t. previous trading session. 3) Out of all the major constituents of Banknifty, only ICICI Bank is showing encouraging signs of reversal. Rest all are showing full bearish signs. So overall picture is slightly bullish just because of positive global cues, improving Covid figures and positive lead shown by SGX Nifty Friday night. So one can take a long trade in Nifty but avoid banknifty because inherently it is weak but if Nifty rises it may either consolidate or rise a bit. Unfortunately no clear cut levels are seen to go long in either of the indices so trade will have to be taken depending on situation.
NSE:NIFTYLong
by protrader1969
Market moves for 12/05/21After a long time we reacted to global market cues. Even though DJIA didn’t show much decline, from high to low it was 350 points down and NASDAQ closed 2.63% down last night. Today morning, all indices were in red and crucial SGX Nifty was more than 200 points down. So what I wrote yesterday did happen but most of us just couldn’t trade the short because Nifty opened gap down and then naturally went up since we actually are not showing any sign of weakness. Not surprisingly, both FIIs and DIIs were net sellers today by 336 Crs and 676 Crs respectively, in cash market. FIIs were net seller in Index futures by a whopping 2220 Crs (almost 67% more than buy figures) and net seller in stock futures too by 1090 Crs which is close to normal. But index future sale figure is a troubling sign which tells me that if global cues are weak tomorrow also, FIIs will continue to sell nifty heavy stocks or index futures. Option chain will not be able to provide correct picture considering that tomorrow we have weakly expiry in indices also. Nifty 20 DEMA is at 14690 and Nifty Bollinger band mid line is at 14700 (20 DSMA). So Nifty is likely to find support somewhere between the two averages. Tomorrow, if Nifty does drop to these levels, one may consider going long but it should be in first half otherwise avoid it. But why would it open gap down? One because, all European markets and US markets are in deep red at the time writing this. Two, because tomorrow Covid figures are likely to be more than what were on Monday and tuesday ( for reasons mentioned in earlier write ups). So if the situation continues as it is now, expect gap down then rise up, then again some sell-off and then expiry.
NSE:NIFTY
by protrader1969