So as per the chart today the Bearish Flag might complete but for Nifty its a deciding day, a very important trading session as far as the investors are concerned. Yesterday Nifty surrendered to the Bearish Dominance and now the last support level for this is 9685 level.
If Nifty manage to breach 9685 level on closing basis then get ready for 9500 & 9300.
BEARISH FLAG in completion today just a bit of a tail left but that doesnt matter.
Previous charts and Ideas played accordingly.
And always remember “Become more humble as the market goes your way.” — Bernard M....
Its GAME OF LEVELS for Nifty today. Yesterday we saw a bit of a recovery in the market from lower levels. Market today might start off positive.
OI analysis says that market might expire below 9900 for this F&O contract. So yeah, there will be noise and drama in the market until tomorrow and when it comes down to trading against the noise only one strategy works...
Yesterday went according to the plan. Nifty to open negative today and continue its movement down south. Like mentioned yesterday if Nifty manages to close below 9878 level it will continue moving downwards.
The target for now, I am expecting it to complete the bearish flag pole and touch the level of 9688.
Yesterday the market saw heavy call writing at 9900 CALL,...
Nifty is weak right now due to the extreme selling pressure from the FIIs and also due to the geopolitical concerns plus being the F&O expiry weak expect madness without a doubt.
Currently NIFTY has formed a bearish flag on the daily chart so the market is expected to fall down a bit further till 9878 after that if it breaches the level then it might fall down to...
Just In - NORTH KOREA could test a hydrogen bomb in Pacific Ocean, the country’s foreign minister has reportedly warned.
News trading is one of the important skills a trader must possess and capitalize on.
With all those detonating news and the cold war going on between the heads of both the U.S & North Korea is putting markets under tremendous pressure in such...
Market to open gap negative today reason being,
1)OI of the CALLS & PUTS going for a toss by some drastic ebb & flow.
2)Market was expecting a Dovish response from the FED meet on unwinding the 2008 stimulus but got the opposite of that.
3)Price rise in the 10 yr US bond yield shows somethings fishy out there.
Now the 10086 level becomes the most important level...
While FII has found some very good profitable prospect somewhere "else". Hence pulling out all their money strategically and consistently from the Indian Markets for the last few weeks now to invest it "there". Maybe that's why DOW is seeing record highs every freaking day.
Money Flows where Money Grows.
Thanks to the DII's though that they are keeping the market...
Market may see a bit more correction below 100064 level before running high. A buy on dips market, best buy price for this market is in 10020-10030 zone if the market corrects itself to that level in intraday trade. One can go long on dips and expect a payday starting from tomorrow followed on by to the next week.
The above details are mentioned based on my #OIAnalysis.
With not much of a surprise coming in from the IIP & CPI data release yesterday and with the PCR well above 1.3, its a very good indication that where the market is heading to.
Global Cues are good too.
All in all its a buy on dips market and its all set to create new highs. Cheers!
KEY LEVELS are mentioned on the chart.
Finally we saw a breakout yesterday after days of consolidation plus no global worries right now and coming back after a correction would make Nifty to see fresh highs.
OI has seen a drastic fall in the 10000 CALL and an amazing rise in the 10000 PUT yesterday which has shifted the MAX PAIN area further ahead and that makes sense to expect a further upward move....
NIFTY would open positive today, as we can see in the chart after too many sessions of consolidation, it has formed an Ascending Triangle which calls for a breakout anytime soon. The chances are it will breakout on the upside considering the below mentioned points.
1)OI rise in 10000 put.
2)Strong OI base in 9700,9800,9900 put.
4)MIN PAIN area is too much on the...
Nifty OI Analysis giving signs of an upward move. The PC Ratio is at 1.1 & also the 10000 PUT OI is rising consistently. Strong support can be seen too with heavy writing at 9700,9800 & 9900 Put.
OI chart posted on twitter.
DOW performed well yesterday. Seems like Monday's sell off was just a rotation of money from TECH sector to the POWER Sector.
As mentioned in the previous chart the Levels for Nifty remains the same.
Support - 9931,9885
Resistance - 9965, 10005
Support - 9931, 9985
Resistance - 9965, 10005
Technically, Nifty is strong and is raring to touch new highs but the only thing that's slowing it down is the tussle between North Korea & the U.S.
Geopolitical risks & tensions, you know, part of the game. Got to deal with it.
Lets hope that we at least break the 9965 barrier tomorrow.
Once Nifty closes...
Seems like Bear Cartels will be in action today. The RBI policy was okay but if the Big Players want the market to be down they will pull it down. Yesterdays up move might have been the trap for retail investors expecting the market to open gap up today after the RBI policy. Lets see.
Key Level is 9180, if it breaches that on closing basis then expect a...