deepgups

deepgups

It is pretty clear currently that NS is basically trading below all the key retracements . Unless we get a massive Gap up of 150-200 points and we get some sort of an island reversal..... I would'nt personally go Long

deepgups

The Market is pretty evenly poised at the moment to try and make a small runup upto 24500 apprxx and then if it holds the hourly 23.6% and the daily 38.2% retracements, it can make a move up. However even the close of Friday does not indicate a move up as it has closed well below all the immediate important fib retracements as shown on the chart. The immediate...

deepgups

The Market currently Does not have Strength for any upside. Altough ONLY the 1 tf is showing single handedly some amount of strength INTRADAY for upside towards 23590 or so but intraday moves can be beaten down as well. NS currently is unable to penetrate above the minimum hourly and daily retracements either. So a piece of advice...... Be Careful

deepgups Updated 

The Last couple of days have been harrowing for some. I know how difficult it is. In as much as I said 23138-42 zone would hold, it didn't( I was wrong again ). But then on hind sight I went back to the charts and started to delve further to see what went wrong. Some of the waves are very complex in nature and can confuse you a lot. And that is what has happened...

deepgups

In continuation to my posts of yesterday..... I am showing you all why it happened and why it is NOT Likely to happen hereon. If it still does..... well..... you all are aware of the levels in any case and so be well prepared

deepgups

Many here must be scared looking at the 700+ points fall on the Dow on Friday. Why should you be ??? T he US markets fell 1.6% on Friday.... we fell some 1.3% or so. Nifty has already fallen 3X more than the US markets already so what makes any of you think we are going down like HELL ???? Forget SGX and its Nataks. So here is the Simplest Trade I can give you of...

deepgups

I have marked out on a DAILY basis the Levels at which I think Market will REVERSE..... Hence be very very very Cautious when Going SHORT...... For all that I know..... Every TOM DICK and HARRY are only Selling , but selling wont Last FOREVER....... I can Only give the Reversals once I feel the BOTTOM is IN> To my mind, a drop to these levels and a CLIMB above...

deepgups Updated 

In as much as a Bounce came from Almost the Channel bottom...... yet time and again... NS has shown that it is willing to go below this 3-4 times to give ONLY A DEAD CAT BOUNCE.... Many here may have thought that the End of the Slide was Today .... but I very Much doubt it. I have given you all the Short wave and the Whole Wave Retracement..... and 1 thing stands...

deepgups Updated 

A QUICK RECAP AND THE PROBABLE BOTTOM on NS in my opinion..... Thereafter a RALLY of 2500-2700 points either to 25927 apprxx OR ATH by 18-21/1/2025...... thereafter a CAUTIOUS TIME

deepgups Updated 

Tomorrow will be a VOLATILE DAY at the markets. In as much as I believe that the bottom is DONE for now.... nevertheless it is better to be cautious. Quick Swing Traders following and making retracements will make a Killing in this sort of a market. I have given you all the areas to watch out for. All the Best and God bless always

deepgups

No new update on NS except that its been good so far. Even tough a hourly chart......its basically the 1 tf copy pasted onto hourly . follow the RED ARROW which says.... Follow this for Tomorrow and Ride the Curves of the Market.

deepgups

it was an Amazing rally on the NS to Close ABOVE THE CHANNEL. For Now you keep your SL at the Channel Support for any long Trades. I too was very surprised the way NS danced today, although I caught all the retracements on the 1 tf, based on which i have given you all the Upper targets for tomorrow. Forget BUT DO TRY to Read into the VARIOUS RETRACEMENTS I HAVE...

deepgups

I have given you all the Retracement of the LATEST wave as well for your reference. In as much as NS has closed above the 78.6% mark..... a drop below this and staying below it will confirm the HIGHS of this Latest wave for now. The Next wave will bring with it another retracement and another story. It is NOT Done Yet

deepgups

The Market has SAID what IT WANTS TO DO TODAY. I was HOPING it would make a Bottom and ENTER BACK AND STAY WITHIN THE CHANNEL..... BUT NO... it has decided to do its own thing. Why did NS make a high of 23689???? Look at the RETRACEMENT TABLE and you will know why. Why did it break below the 1.618% retracement to make a Bottom ????? It is telling you that I am...

deepgups

Bank Nifty is More Interestingly poised. It has More Strength Currently on an Hourly basis than NS does. Chances are Good that BNS will Overpower NS and make a Move up. The Retracements of Both the LONG wave and the Short immediate wave are given for your reference. Follow the Retracements and act accordingly

deepgups

The 30 minute chart is the """" SOLE"""" Time Frame chart which is showing me some amount of BULLISH Moves. When at 24856..... The Hourly chart was the SOLE chart Crying to Me for a downside. Based on the RULE OF MINORITY( which BTW always WINS), I had told you all to go short at 24770. That short accumulated over 1100 points since. Based on the RULE OF MINORITY,...

deepgups

Please do not compare the Hourly to the Daily charts. Basically you would be committing a CRIME. Here are my thoughts and these are Personell. How I look at it currently is this. This chart is basically a projection for the next 2 and a half years or so. What I see is that the Market has BOTTOMED OUT for now...... The downside Since Sept IS NOT the start of a...

deepgups

Yesterday was a day full of ANOMOLIES..... the Retracements either to the upside or the downside were all over the place between NS n NF. While at one point the NS may have retraced 63.6%, the NF was at 56%( 10% OFF ????), and this carried on throughout the day untill Both came together at 78.6% retracement the the downside making the Lows. Such Anomolies are...