Nifty_Club_India

Nifty_Club_India

Background- Now days as nifty is making new highs, most of my friends usually tells me that market is going to crash similar to 2008 as valuations are too high(PE is above 28). So my answer to all of them is, Market by its nature goes up & down but PE 28 is not the criteria of a bubble in market, market usually runs according to economic/business cycle. so there...

Nifty_Club_India

Bank Nifty Outlook for 10-Sep-2017(Monday)---Strong Buy We feel Bank Nifty has bottomed out near 27200 levels for short term at lest. Last 3 days of candles similar to Hammer formations confirms that there is strong support for the stock in these levels, shorter tried hard to push index down but failed to do so, which lead to short covering. Now Shorter will be...

Nifty_Club_India

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Nifty_Club_India

Nifty Outlook for 07-09-2018___Bullish For tomorrow we have a bullish outlook for Nifty. Reasons -On daily charts nifty again made hammer formation, which is a bullish pattern. -Nifty is still into uptrend and we feel the up-going trend is just part of correction. -Nifty is still forming Higher high & Higher lows. What we can do Buy between 11480-520 SL below...

Nifty_Club_India

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Nifty_Club_India

Nifty Outlook for 06-09-2018 Yesterday we had given a buy call on nifty but our stop loss triggered. For tomorrow we still think that we should be buy on the nifty. Reasons -On daily charts nifty made hammer formation, which is a bearish reversal pattern. -Nifty is still into uptrend and we feel the up-going trend is just part of correction. -Nifty is still...

Nifty_Club_India

As Mentioned yesterday, new range for Nifty is 11500-11700. today nifty test the lower range and we expect nifty to reverse from here. Reasons for Buy- - Nifty is having 37lacs Put Interest created at 111500 zones, which should act as a strong support. -Last swing high was 11500 which should act as a strong support for mkt. What we should do- Buy at current...

Nifty_Club_India

Bank nifty is coming to its trend line support zone. from past many days Bank nifty was under performing the Nifty and that was the main reason nifty was not moving higher. Earlier also i had mentioned in my last chart that bank nifty will consolidate between 27700 to 28300 zones which it did. But now bank nifty is reaching near to its support zone of 27650-700...

Nifty_Club_India

Buy CESC at current level Target 1050 SL below 1000 Trading call only with Strict SL. Reason- Fresh breakout on closing levels Long Buildup in Open Interest in F&O

Nifty_Club_India

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Nifty_Club_India

Nifty formed today bearish belt formation which is a indication of selling pressure for entire day. Today nifty opened near life time high but all the fresh buyers trapped in the market which closed there weak position in last one hour which further trigger the long unwinding. Now nifty come under new range between 11700 to 11500 with Negative bias. What we...

Nifty_Club_India

Technical Reasons- Rounding Bottom - After a continuous downtrend from Jan-18, now stock is showing a rounding bottom formation which confirm accumulation of the stocks by smart investors. Neckline Breaks - stock prices had already break neckline which confirms a buy to initiate. Higher High/Higher Low - Price is making higher high/higher low, which confirms at...

Nifty_Club_India

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Nifty_Club_India

View- Bullish Please refer charts for more information.

Nifty_Club_India

View- Very Bullish Technical Reasons - 3 years Long Channel formation breakout, so now stock has stopped forming lower low and lower high. -Double bottom formed near 437 Levels and W formation breakout happened near 600 zones, which also confirms that stock is not ready to make higher high and higher low. Targets- Medium term and positional target is 720/850...

Nifty_Club_India

Daily View - positive Overall view- Positive after 2 days of correction market finally took support near its ascending line, which confirms that this trend line is still intact and strong. Finally nifty took support at 11640 levels and make a Hammer like formation which is a bullish pattern. What to do now Intraday Buy at current level with SL below 11640 and...

Nifty_Club_India

Being Expiry Day for Market, not only charts but option data also matters a lot. Option Data- 11lac additions to 11750 Call which confirms strong resistance 11.28lac put unwinding at 11700 levels, which also confirms weakness below 11700. 28lac Put open interest at 11600 give nifty support. So as Per option chain Nifty should trade between 11600-11750. What...

Nifty_Club_India

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