CAN SGX CHANGE GAP UP OPENING OF NIFTY TO FLAT SEE HOW!!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 green dotted line and went to lower end of micro zone circled in green.In next candle you can see crash . This move was manifested two days back and you see same happened . One more thing to notice sgx took support after such fall to blue support line converting into zone. Why I every time in every chart analysis give you so precise levels from where trend gets changed. All sketching has been done for you . Only follow imformations on chart, time your trade in direction disclosed by me every day. you just have to react with the conditions I share in post. I every day try to make trading simple for you all.
2. Yellow color is no trading zone. Means no information about trend if price take out green dotted line this time. Had sgx not taken out green dotted line till opening of nifty then there are chances of nifty slightly opening up to flat. Above green arrow is shown in fig. If price takes out arrow means change in structure, down trend change to up side.
Rest market will decide.
YOGESH VATS
SGX
Sgx Nifty (19th May) On 18th May Sgx Nifty gave a flat opening after that it felt more than 200 points with the opening bell of Indian Market. On second half sgx again climbed up and broked the resistance.
Possibility is very high SGX will open near 9100 in the morning. If it breaks 9100 and sustains for more than 30min Long can be initiated talking a target of 9140.
If SGX breaks the trendline (blue) again and moves down ...short call can be initiated with target 8900.
AN MORNING STAR PATTERN IN SGX CAN TAKE NIFTY TO 9300 SEE !!COMPARING MY LAST STATEMENTS WITH REAL MOVE IN SGX NITY
1.In point no.3 I clearly mentioned that a divergence in price to volume is seen this can test the lower limit of red zone which you can see in fig I circled in green . Same happened. That is whyI always say market show friendship with my analysis.
2. Now next what? In nifty post with upper time frame I showed you bulls of week aggresive nature are being trapped for last 8 sessions. I explained in detail about it. In later update those seen post earlier can see latest update where I posted lower time frame chart in which I showed local distribution is going on that is why nifty is reluctant to fall . In my previous posts I already shared that Nifty bottom is likely formed so nifty has to travel less than banknifty where bottom is not formed so travel distance of bnf is more compared to nifty. Bnf can give new low or test previous low in coming days.
3. Lets compare the signals given by sgx in this fig. then match with nifty signals . In sgx nity i cirled in green area, where morning star is seen that has been tested in next candle. If it really works then green dotted line will breach and price will go in 1st micro zone. If momentum is good then go to 2nd micro zone near 9300. On the contrary If 2nd micro zone in lower side is breached and price do not come back in next 30 mins then market can see a fall. If we compare both set up together , we find in nifty chart green trend line testinglevel is 9300 and sgx 2nd micro zone upper limit is also 9300. Therefore, probabilities to move up increases.
4. All conditions in every chart i mention clearly for you all . When i devote that much time in analysing and writing . Its your duty to understand it by devoting maximum time to take out your trades , that is called timing with the help of this analysis. If any confusion in reading it then write to me always welcome. For entry and exit timings I can not help because every thing is mentioned in charts tune your mind to adopt it. Rest market will decide.
YOGESH VATS
SGX NIFTY IS AT SUPPORT ZONE HOW WILL IT EFFECT NIFTY !!COMPARING MY LAST STATEMENTS IN SGX WITH TODAY ACTUAL MOVE.
1. Yesterday in point no. 3. I mentioned that untill and unless a green trendline is breached nifty can go down with the target of red zone . But it breached in morning that is why nifty did not show big fall.
2. yesterday in sane point no.3 I also mentioned that when price will reach at red zone a trend revesal will be seen see same is happening . i circled that reversal in pink color. Price breached lower end of zone and came back in same zone. This is called breach not taken out. I made this diffrence clear in detail in bnf post see example. Since one and half months I posted 73 post that was my starting to share with public. Can you take out any post where i missed my target. i want you all to do hard work burn night oil to learn this skill.
3. See hammer candle with buying pressure is at zone and gives revesal imformation of previous trend. I showed one dotted yellow line with price and second dotted line with decreasing voulme. This gives me imformation of divergence. It means this up move can test the lower band of zone in morning. If test become sucessful then revesal will confrim, then long position can be initiated. If low of hammer candle is breached then down trend will continue.
4. Effect on nifty is that if test is confrimed then nifty wiil not fall in morning, otherwise it will fall. As per my feeling at least in morning chances are less to fall. Mr. X when you asked me in afternoon to short bnf and carry I refused because this reversal was expected
This was one of the reasons. Hope you all would be learning daily new things in market. Those who follow me on twitter, I sahre psychology of market so that, with analysis this concept would also be cleared . Rest market will dcecide. I can be wrong any time any day. But like to maintain my strike rate.
Yogesh Vats
SEE BALLON OF FISCAL PACKAGE BUST SGX DOWN IMPACT ON NIFTY !!COMPARING MY LAST STAEMENTS FOR SGX WITH REAL MOVE.
1. YESTERDAY MANY PEOPLE ASKED ME SGX 500 UP NOW HOW WILL YOU TRADE , WHAT WILL HAPPEN . I GAVE ALL ANSWERS IN YESTERDAY POST FROM POINT NO.3 TO 5 . WHAT IS THE IMPACT OF NEWS .WHEN IT SHORT LIVIED ,WHEN ITS LONG LIVED. AND CORRELATION WITH PHASES AND STUCTURES.
2. IN POINT NO.5 I GAVE YOU A GREEN CHANNEL AND CLEARLY TOLD IF THIS IS TAKEN OUT UPSIDE THEN YOU WILL SEE 10000 T0 10200.OTHERWISE SEE FALL IN SGX JUST IN ONE OR TWO DAYS. SEE IT STARED SINCE MORNING. SGX COULD NOT DARE TO BREAK UPPER BAND OF GREEN CHANNEL. I EVERY DAY SHOW YOU THE DEPTH OF CORRECT ANALYSIS .YOU ALL HAVE BEEN FEELING IT.IN SAME POINT NO.5 I CLEARLY SAID " NO UPSIDE " SAME HAPPENED .SEE IN FIG LOWER BAND OF GREEN CHANNEL IS TAKEN OUT. WHEN POEPLE AND CHANNELS WERE IN CHAOS , I WAS CALM AND DETREMINED WHAT WILL HAPPEN IN SGX AND IMPACT ON NIFTY. EVERY DAY I MANIFEST MOVE BEORE IT OCCURS.IN ALL INDEXES .
3. NOW IN FIG I MADE A TRENDLINE OF GREEN DOT IF PRICE DO NOT BREACH IT TILL THEN NIFTY WILL ALSO REMAIN DOWN WITH THE TARGET OF RED LOWER ZONE. FROM THIS ZONE TREND CAN BE RANGE BOUND. IN SGX AS WELL AS IN NIFTY. KEEP AN EYE ON THIS,
4. STOCK MARKET IS AGAME OF SUPPORT ,RESISTANCE ,ZONES, PATTERN, STRUCTURES, PSYCHOLOGICAL POINTS DISRIBUTION ,ACCUMULATION ,RE-ACCUMULATION,RE-DISTRIBUTION, MARK UP WITH THE SYNC OF ALL THESE FACTOR ONE CAN UBDERSTAND THIS UNIQUE LANGAUGE. IT TAKES LOT OF HARD WORK AND YEARS TO GET SKILLED.THEN EARNING STARTS. IF ANYBODY CAN DO THIS CAN EARN. REST MARKET WILL DECIDE.
YOGESH VATS.
Ezion stock can bounce after crossing 0.047Ezion stock can bounce after crossing 0.047 level immediate support comes at 0.042 break of which can lead stock to retest the level of 0.38.
RSI indicator also reverse from level of 40.
SIA Singapore Airlines can be a range playSingapore Airlines stock will trade in range of 9.50 to 9.90. if stock break this trading range either on upside or downside.
As to look sector as whole airlines stocks globally have headwinds higher fuel prices.Recent fall in oil prices be good for these stocks.
Positive only above break of $10.Below 9.50 slide to 9.30-9.00