Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.
Wave counting 5 are completed.
Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).
We may face Resistance at control price 11340 nearby, for target 11189.
95% chance to win if...
Nifty is forming a rising wedge formation which is a sign of back to normal phase of markets,
crackdown might be edging around the corner.
if you have any queries regarding above idea or any other stock feel free to D'M
Announcement : We launched TruStox Community, A community driven platform for Traders with almost all features that a trader needs.
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Query : I am taking very few trades per day. I am trying to take more trades, but i did not get my planned entry.
Answer : One of the most asked question is this. Most traders think, if they trade more, they can get more profit. Trading is based on probabilities. If your trading plan has high edge, then it has more chances to reach the targets. My mentor once...
the provided is Nifty's Elliot Analysis of Minuette Degree
being sensitive to perspective the given structure may differ for other Elliotician's & we respect that, so feel free to share Ur's!!
if you have any queries regarding above idea or any other stock feel free to D'M
Announcement : Recently we launched, TruStox Community a community driven platform for...
Though Nifty is one of the benchmark indices, the broader market is not following or lacks the all time high status of Nifty proving Nifty is flying in thin air & a crackdown is may be right are around corner Or Opposite is less likely but possible but OUR Stance is clear & written below:-
Entry : Pullback Short after strong closing below 11735
Stoploss : ...
The trend analysis done using few major support lines on daily chart , we are looked into major support/resistance trend line of market cycle trend, long term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend running since Oct'18 and...
long with sl below 10730 for tgt of 11270 .as per time late april or month may seems to give top of this bull leg till 12100-12250.
as per my analysis only exit after that without being emotional for election results.9300-9400 band seems high probability till jan 2020.
Let me ask you a couple of questions and please feel free to answer them in the comments section.
1. What are Indices?
2. Are you applying the same asset trading methods to trade indices?
3. Did you ever think about the real reason for movement in Index? If so what is that?
Kindly take these questions for educational purpose only.
Now, I will answer your...
In this video I have explained the entire Bank Nifty signal system.
Its Internal factors are also discussed by taking the underlying weightages and their allocations.
The spot Market volumes and their effects are also discussed.
Beta Adjusted VIX for BankNifty and its uses in OPTIONS trading are mentioned.
Please reach out to me in case of any questions.
Nifty trading in the middle of the channel.
The channel, “Gravitating Price” which is from (1) to (7) is a magnetic price toward it.
There’re 3 excesses already display in the chart.
In respect of excess(iii), Nifty will create excess (iv) presented which is the expected range of 10811 to 10600.
This range of excess(iv) will strongly attract Investors...
Market analysis: Nifty has formed a double top near the 10760 level. So until nifty is below 11960 market will be moving head towards 9400. Let wait and see what the market does in the coming days. Cheers!
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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