NateshBhat

NateshBhat Updated 

Presently, the current uptrend does not seem exhausted with daily and hourly RSI indicating possibility of yet another rally of 500-600pts becoming overbought. Hourly RSI has already started a divergence with price not confirming it yet. We may be heading to a freak top at say higher than the last swing high of 18050 beating it may be by 100-150points before...

NateshBhat Updated 

Nifty seems to be not giving up and showing extreme strength. It seems to be waiting for something. With now strongly defended zone of 16800-17100 it might so be that the fall in nifty might be delayed till major gann date / equinox dates in June. With heightened volatility, seems to continue in smaller time frames. So nifty might show the same in weekly time...

NateshBhat Updated 

A complex correction from 18600 to 15600. Then now an evening star and a reversal pattern formed at 17400 which might see confirmation on Monday. Target now for nifty might be 14300-400.

NateshBhat

A dip upto 17750 to be bought with a 50point stop for a tgt of 18200 by expiry

NateshBhat

Tomorrow at 17400-500 let us book once and wait for that break of 17500-50. If we get it at one shot let us continue with our buy after 17550. If we get a dip to either 17300 or 17200 let us buy with stops of 20points and again trail at 17500-50 depending on price action there. Expectations are for the mad rally to continue to the moon probably to as high as...

NateshBhat Updated 

Nifty has run wild and we have been enjoying this ride. However consensus is building up on longs and many getting hyper bullish. Things might remain bullish positionally and those who bought at 17000 levels need not fear. However fresh buys here need tight stops. Nifty might reverse and scare with a 250-300point fall in this week after making a top at around...

NateshBhat Updated 

Tomorrow might be an explosive day on nifty. Writers struggling to manage this week and mishap is guaranteed for buyers. My expectations: If nifty opens gap up and does not go below 17100 after several attempts and consolidation probably between 17160-17100. At the end nifty might just hit a racing rally if finds a break above 17200, if it does find that break a...

NateshBhat Updated 

Let us not make the mistake of selling this market early. Let us take our time wait, and sell only on resistances and trail tight on a sell when selling. Trade T1: Buy at 16880 with stops 16850 for 16990-17000. Trade T2: Resistance and reversal at 17000 to be sold with tight stops of 20points towards tgt 16800 trail every 100points with 20pt stop.

NateshBhat

Nifty has gone wild. Let us simply not attempt to short it. At dips to 17050 buy with stops at 17000 for a target of 17300 by weekly expiry. Every dips buy with stops of 50pts and tgt of 200+ trail only from there and repeat.

NateshBhat

Every dip buy this month a freak top coming ahead.

NateshBhat Updated 

Nifty is in celebration mode sgx indicating gap up and staying above 16770 should take NIFTY to new heights of 16900-50 making a very good monthly closing in euphoria. Bulls deserve such a feat . The next major round number 17000 might give us a little bit of a trouble and the same may be expected. How big might be the pullback would be interesting to see. A...

NateshBhat Updated 

After good trending moves in the last few weeks, nifty seems to be under consolidation mode. Oi data suggest the same. Indicators confused as to buy or to sell. No trades coming on my screen for very long. Patience required. Possibilities for the week. Trade1: Buy at 16600 with 50point stop tgt 16750-800 trail at 20pts at 16700 if reversed again. Trade2: After a...

NateshBhat Updated 

Everyone on social media thinks 16700 top made and can tomorrow be a surprise shock. Idea only if 16600 holds or short for 16500 if broken 16600 by 20pts.

NateshBhat

Updates for the week. NIFTY a trade plan: Buy the dips galore. 16400 has been confirmed as a bottom possibly for this expiry, incase 16400 breaks there might be a big dip and hence lets keep an sl of 16410 to be safe and buy the dips in the coming days. Tomorrow strategy I foresee this call oi at 16500/600 that has come up to get into trouble by wednesday...

NateshBhat Updated 

When i thought being a bear today was an original idea, social media hype on bear i realised is all time high so i thought how could bull screw the bears. Oi data suggests range for this expiry might be within 16700-16200. When scenario number 1 for bulls said buy the dip It might so happen before a mean reversion to the 16400 area in a bullish case bulls might...

NateshBhat

Bulls surprise bears in a bull market like this. When one thinks the rally is over and becomes a bear, bull attacks fiercely just like it has been doing. What might be the bulls case.

NateshBhat

Eventually bnf might be touching levels of 34500 to take a decision from there after.

NateshBhat

Since everyone are bullish on NIFTY and are looking at sgx and having mood swings I decided to take a rain check and see what if things turn bearish from tomorrow to expiry. Truth is bears have made intra day attacks more than the bulls for a week now and the stocks have gotten bearish. What if we turn bearish!? Since the rise from that lows of about 16165 we...