NIFTY17JANFUT rollover trading range
Higher Side 8094
Lower Side 8060 & 8037
Breaching any level 8094 or 8037 has the capacity to change the water direction dramatically as per Derivatives Options Chain.
It is been observed on the hourly chart that the price action went up sharply to cover and fill previous gap down levels at 7970-80 levels and now facing resistance at current levels. If it closes above the resistance levels or the Gap levels then it may further go up or if it closes 7950 levels then it shall again go further down.
Nifty reversed its direction today as indicated in previous post.
Now Nifty is up till 2nd January.
Price target to be communicated later ( I have to calculate those).
Good Morning!
Nifty Spot CMP: 7908.25 SGX Nifty: 7922 up 11 points
So, as I have indicated the fall would continue till 27th Tuesday, Nifty is down significantly now, and 27th has arrived.
Today after 1:30 PM Nifty shall complete this downmove, please wait for final confirmation. Buy in January series. Thanks!
Hi All! Lets continue the discussion.
So while Einstein did really a great job in finding that time us relative and not linear, there were a few things which his theory was not able to explain.
First was expanding universe at an accelerated rate. If gravity was real, how is universe expanding in the opposite direction to gravity and that too at an ever...
Today the market is almost at the same point it was a year ago. So during the year the market at seen quite a bit of a roller coaster. This year the Indian indices have been strongly affected by the USD strength. This chart is a correlation between the two variables, the USD and INR. The chart on the top shows a strong negative correlation between the two...
In technical analysis and elsewhere we often employ linear tools to solve our day today problems. But if anyone who has looked at Universe, would agree that this world is not at all linear at any level or any dimension whatsoever but rather fractal. ( Just in case if you don't know what a fractal is, search fractal on youtube and watch top 10-20 videos).
We just...
The chart above shows the previous and current running timewaves.
The bullish wave which started on Tuesday 20th lasted only till next day - Wed 21st.
The current running timewave is downwards (with mostly sideways action)will end now on Tue 27th Dec.
Exact time of end I will share here on Tuesday.
Hi All,
The current running sideways movement with downward bias in Nifty will end on 27th Dec Tuesday.
There is no point in taking either short or long position right now.
This period will favour option writers only, they will eat premium on options on both side.
It would be better to go long on Tuesday, 27th Dec in January series.
Regards,
Pankaj
The main advantage of timewave is that in a sideways market it does not generate any signal unlike technical analysis which keeps one in guessing mode. One just waits patiently.
So as I said yesterday, the downtrend has nearly come to an end, and now Nifty is all set to go high till 26-27 Dec.
I will keep updating this post during market hours, so please be sure...
It is been observed on the hourly chart that the price action making higher highs and higher lows indicating a uptrend move ahead. Now, it shall move up to the next resistance zone at around 8210 levels.
Target: 8210
Stoploss: 8130
It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels.
Target: 8000
Stoploss: 8150
Risk Reward: 1:1
First of all, taking lessons from history, some similar sort of pattern/retracement took place. Here, I have tried to match the fibonacci pattern that was evolved in 2008 with present pattern. In 2008, reversal was shown right at 0.6%. So, in present pattern 0.6% shows 8186. This 0.6% retracement level is very much important for future course of action. This level...
It is been observed on the hourly chart, that the price action breaking 8400 supports and now reaching out to the 8300 levels before turning around.
Target: 8310
Stoploss: 8450
It is been observed that the price action touched the strong support levels at 8000 levels and retrace back due to high buying pressure. Now, it is assumed that the further down fall can only be possible if the price action breaks and closes below 8000-7900 levels.
It is been observed that the price action breaks and closes below 8500 levels yeterday on day chart, indicating further weakness ahead. Now, it shall move further down to next support levels of 8440-8400. Regards
Target: 8440
Target 2: 8400
Stoploss: 8675
It is been observed that the price action formed a gap down situation in yesterday trading session, created a gap around 8680 levels, which may be filled by it today as the price action pushing toward the that gap zone at around 8660-8680 levels.
Target: 8680
Stoploss: 8580
It is been observed that the price action is trending down in a channel and now the price action has reached out to the crucial support levels of 8540-8570. Further it will be interesting to watch whether Nifty would break out and close below the important support level of 8540.
Interesting Watch NOW
