Boult2100

Boult2100 Updated 

BankNifty has run up from the lows of 17600 to 19275. Now consolidation is highly likely in the band of 18900-19300. Before the next move. Play carefully. Weekly closing above 19300-350 will trigger further rally but till then choppy and rangebound.

Boult2100 Updated 

Posted 4 or 5 days ago when BankNifty was at 18300 -350 that it has given a buy signal & will race towards 19250-19300. What a ride, almost 1000 points locked in that too in 7 trading sessions. Now should take a breather and consolidate in 18900-19300 range but watch out for weekly closing above 19300-19350 then jump on board as it will rally further to 19750 & then 20500.

Boult2100 Updated 

Recommended the BankNifty Buy when it was at 18350-18400 for target 19250-19300 (links below) which is about to come. Enjoy the rally but start booking the profits from 19200-300 range. Most likely will get a dip post hitting 19300. Buy again then.

Boult2100 Updated 

As mentioned in the previous posts as well, BankNkifty is looking strong. It has given a breakout post consolidation in the range of 18800-18970. Target 19250-19300. Keep stop loss at 18800 spot. for Intraday SL 50-60 points keep trailing and ride the rally.

Boult2100

BankNifty established a range from 18800 to 18970 yesterday on a smaller timeframe. Whenever a range is set then seasoned traders play it amazingly well which results in fast movements within the range. False breakout/breakdown by 20-25 points are common to shake out the weak hands.

Boult2100 Updated 

As mentioned earlier in the previous post, Banks have surprised the markets with their results. Shorts are trapped. Now don't short BankNifty or try to find the top. Buy on dips. It has completed 50% retracement today at 18950-70 now likely to consolidate before going for 19250-300

Boult2100

Chart patterns depict human behavior and patterns repeat because human behavior doesn't change. I wrote on 27th Nov,16 that this double bottom 'W' pattern might emerge and it played out amazingly well. People will be bewildered with this rally. Market internals like BankNifty, CNXIT & Reliance all are showing strength. Nifty has risen from 7900 to 8460 in a...

Boult2100 Updated 

Nifty has risen from 7900 to 8300 in straight line. 8275-8340 zone is a big hurdle and it may not cross this zone in this leg of rally. Nifty should go back and test 8050-8100 or atleast 8170-8180 zone. How strong the market is will depend on the level it bounces from. Latecomers to the Bull's party may incur losses.

Boult2100

This is a small cap stock. Breaking into all time high with very high volumes on the back of news: Bagged a contract from IKEA India. It has the potential to grow its business phenomenally. Long with SL 900.

Boult2100 Updated 

As mentioned 25 days ago in a separate post (Link below) that Nifty might make double bottom at 7900 and 'W' pattern might emerge with an unbelievable target of 8600-8650. Let's see how it unfolds. Invalid only closing below 7850.

Boult2100 Updated 

As expected and mentioned in the previous post that BankNifty might slip below 18200 and can trap bears. 17800-18050 zone is a strong support might bounce sharply from here. Nifty is also at support 7900-7940. Long only above 18050 closing.

Boult2100 Updated 

Nifty turned exactly from 50%/21 EMA. Carrying Shorts created at 8242 with Stop loss at 8280, target 7970-8000. 8100 came in a flash with gap down. Nifty can make a possible double bottom around 7900-7950. Will go long with Stop Loss of 7890. * BankNifty is likely to breakdown from 18200 zone to 17800-850 * CNXIT is due for a leg down to 9800-9900 zone. * Market...

Boult2100

This is in continuation of my earlier post on CNXIT. CNXIT seems to have completed its intermediate correction at 9300 on monthly charts coinciding with lower end of the falling channel. Last week it made a higher low at 9750 and started to move up again. Possibly the largest 3rd wave has started which may take it to upper end of channel at around 10700-800, 200...

Boult2100 Updated 

Yesterday's downmove & today's upmove caught everyone by surprise. Now shorts are trapped, above 8250 more short covering will come which might push Nifty into heavy resistance zone 8350-8450. Don't forget Market is in bear grip until 8600 is crossed on a weekly closing basis. Bears will be comfortable selling in the 8350-8450 zone for a target of 7900-8000. Let's...

Boult2100 Updated 

For BankNifty, 38% retracement till 17800-900 ( of the entire upmove from 13400 to 20575) is pending in this leg of correction, currently hanging in between. 200 SMA is also around 17800. So 17800-17900 is likely to be touched, breaking below recent swing low of 18150-200, trap all the bears & move up sharply from there. :-)

Boult2100 Updated 

As anticipated yesterday, Global equities are likely to breakdown. Nifty cant be lucky this time to hold 8500. Panic selling is around the corner below 8500. VIX of US & India are showing signs of fear. Nifty's first target should be 8400 then might bounce towards 8500-8540 then long leg down towards 8150-8200. Will take one step at a time. Manage your Stop losses...

Boult2100 Updated 

Two big events lined up in Dec (Fed rate hike) & Jan (US election results). Huge volatility is expected going forward. With Global Equities near their ATH's, large players would like to book profits & hedge their long positions which implies negative view on global equities in the coming months. Sell on rallies is already going on for last two months. If crucial...

Boult2100 Updated 

CNXIT has broken the low of 3rd downwave around 10000 (very important support level). Should bottom out at around 9400-9600.