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View on Exit PollFinally, exit polls have given some hope of stable government but considering past track record of +/- 10-15% deviation in numbers, risk to financial market has already been built up. BJP with 285+ seats and NDA with +310 seats are good for market but that should not last long as real concerns on economic slowdown will come into play. Will poll numbers behave like 2014 or 2004? Need to cross fingers till 23rd May. RBI June policy will have to be watched as how banking regulator will respond to inflationary concern, trade war and slowdown in economy. Market consensus is for 25 basis point reduction. Liquidity should be the concern till the time new govt come into power and start full fledged fiscal operation. Trump's soft stance on trade dispute with EU, Japan, Canada and Mexico is a positive move but major dispute is in between top 2 economies of the world. $ 738 billion of goods and services trade between global giants is at risk. Apart from this, Japan's capital good exports to China, Australia's commodities export to China, Korea's semiconductor and Tourism exports to China are also at risk. Crudeoil is still not cooling off from recent peaks. Skymet's prediction of below average monsoon is risk to inflation.Risk reward balance is still tilted towards risk. Investors in market should wait for clear directional close above 11900 to understand big investor's appetite for risks.
NSE:NIFTY
by UnknownUnicorn4260559
1
Nifty : Will it sustain upward thrustNifty moved up by more than 400 points in a single day after #2019ExitPoll. Upward thrust was so strong that 45 out of 50 stocks of Nifty closed above previous day close. Today market opened above yesterday's close and day high by significant margin but couldn't sustain it and closed near today's low. Dark cloud cover pattern has emerged on daily chart which is a reversal pattern. It needs to be supported by another black candle in tomorrow's session. If it happens then we can say that trend has reversed for the time being. We were checking moving average cross over (5 &10 DEMA, 8 &13 DEMA) over very short time frame chart of 15 , 30 ,45 and 60 minutes. Reason for selecting such a short time frame and EMA is that trend is quite strong but still in consolidation. So, if market decides to stay in the range then we should get early signal to play within the range. Taking bigger EMA is likely to give late signal at the end of trend. 5 & 10 DEMA has crossed negative on all the selected time frame supported by MACD cross over to the downside. 8 & 13 DEMA was taken to confirm what is right on 5& 10 is also right if we shift numbers by 2-3 up or down. 15 & 30 minutes are showing bearish cross over on 8 & 13 DEMA . Considering bearish Dark Cloud Cover pattern and MACD & EMA cross over on shorter time frames, we have come to conclusion to short for 1 day time frame. We'll short Nifty if we get 11740-11760 with stop loss above 11800 for target of 11600 (gap support). It will be kept only for 1 day as we do not want to get stuck in trading session on result day.
NSE:NIFTYShort
by UnknownUnicorn4260559
Tata Coffee-Enjoy the Coffee in The Cup Thanks for your precious time & do put your feedback below in comment section - I would love to hear from you. Most of us can learn as well - ----------------------------------------------------------------------------------------------------------------------------------------- Correction - Sorry using "circular shape" over the video - Its a curve shape from 168 to 185 - silly mistake -happens. ----------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A - 19:57 Hrs / 14th March 2019 Last Price@95.35 Buy If you get dip somewhere close to 90 & 85's - obviously you should throw away the cup if 80 gets broken that should be understood. Target 1 120-140 Target 2 Above 140 - 175-185 Target 3 Above 185 - It should not move below 175 post crossing 185 highs then look for 250-280's as suggested over the video. ------------------------------------------------------------------------------------------------------------------------------------------- Image of the Coffee on 26th Aug 2018 Enjoy the Coffee in The Cup - With Double Bottoms@80 Cup & Handle Pattern A cup and handle price pattern resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern typically has low trading volume, and may be as short as 7 weeks or as long as 60-75 weeks- roughly a year and half. The fall from 185 in Nov 2017 shall complete a year in Nov 2018 so that would be the period or time zone plus couple of months more- one should be alert as its aroma could spread across the globe & everyone would be interested to take a sip. Cup and Handle Stops and Targets A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level, and extending that distance upward from the breakout. Successive breakout zone shall be above 175-185 & I am taking conservative target measuring 85 points which is depth of the cup above 168-170 zone or above 185 as shown over the video, which gives a roughly target zone of 250-280. Once it breaks out & above 140 key level –make sure it never returns back below 140-135 zone else that could be risky. --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Suggested on 26th Aug 2018 --------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy Long Term Strategy Plan A – Wait for the stock to cross 140 & upper trendline of the handle & maintain stops below 135 once it crosses above 140 – Target Zone -175-180 & Above 185 – as 250-260. Plan B - Look to buy above 175-185 zone & keep in mind –price should not dip below 175 after crossing the zone of 175-185- Target Zone 250-260. Plan C - Plan to buy in 80-85 zone with strict stops below 80 – if goes below 80 –Throw the broken cup. Short Term Strategy Plan A – We look to sell from 115-117 zone with stops above 118.50 for target 112 – 106- 101 Plan B – Buy above 118.50 for 121-123 zone - book & out. Plan C – Sell from 122-125 zone with strict stops above 128 – Target zone -118 -112-106 - 101 --------------------------------------------------------------------------------------------------------------------------------------------
TEducation
by WaveTalks
10
Nifty - The Power of M - Magical@11550Review of last Idea Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea. --------------------------------------------------------------------------------------------------------------------------------------------- Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570 zone as Bullish Bat Pattern Bullish Alternate Bat Pattern You can learn more about such patterns in Harmonic Trading Book Volume 1 & 2 by Scott Carney(Author). Trading Strategy Holding 11550-11570 as updated in status – it pushed in line & closed at 11600 mark. We look out for following targets 11675 11710 11760 11825-11850 Traders can plan to sell at the highs of 11675 / 11710 / 11760 but surely avoid selling if index moves above these levels as bulls could control the move. Hoping for new all time highs with 11550-11570 holding as support downside. Thanks for watching this video & your precious time.
NSE:NIFTYLong
by WaveTalks
Nifty-Elliottwaves-Let us make some wedgesAnalysis Done on Spot / Cash Data ----------------------------------------------------------------------------------------------- Status Update at 09:13 Hrs / 9th April 2019 Last Price@11598 Buy Close to 11550 – 11560 zone ( No Buying below 11550) ----------------------------------------------------------------------------------------------- Key / Critical Support & Resistance Levels 11550 (Critical support level Next) 11760 (Critical Resistance Level Next) Trading Strategy Plan A Buy Above 11600 for 11690-11700 Plan B Buy Above 11700 for 11750-11760 ( No Buying Below 11700 levels) Plan C Buy Above 11760 for 11825-11850 zone upside (New Highs for India Nifty) – Giving us 3rd leg in the wedge structure which is our assumption. Plan D Selling somewhere close to 11825-11850 once you get some resistance (be careful as it non chartered area) for downside target 11715-11730 Plan E Later Buying holding above 11700 for 11900-12000 Plan F Selling Later on New All Time Highs for Downside Target –close to voting day in Mumbai which happens on 29th April 2019 for downside target of 11310-11325 zone as suggested over the video. Plan G Buying in 11310-11325 support zone for upside target 11425-11475 Plan H Selling Also below 11300 for 11120-11150 & below 11050 for 10730-10785 ( Nation Strike’s Back Zone) --------------------------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------- “Say Cheese” Moment for me in last few days 5th April 2019 RBI cuts repo rate again by 25 bps as it did last time in Feb 2019 & we were sellers close to 11117 Idea as published earlier – “History has the answer - Careful above 11050”- Result was fall to 10585 (Double Bottoms) 7th April 2019 Got the push to 11690-11700 zone & Selling was suggested below 11700 for 11610-11620 zone which got extended to 11550 (Critical support level Next) 8th April 2019 Fall Started with gap open & making 11710 new highs for the day- yesterday – 11550 is critical support level next. Thanks for watching the video & Your support. Enjoy The Markets.
NSE:NIFTYLong
by WaveTalks
6