padiyara

padiyara Updated 

Nifty:11178.40 made a huge bearish candle on top supported at the trend line. Chances are there to hold this level and make a fresh move up side for a target 11500 and even 11800 level in coming weeks. If trade below Fridays low, next support range is 10900 area. The following is a table for Nifty range calculated based on volatility Monday , this week and this...

padiyara

Biocon:395 is showing a bearish sign, its first target will be 367 & second target around 317, SL:420

padiyara

Nifty made a lower support at 8806 (a 114 points more than the expected parallel channel support at 8920 as mentioned in the last post) but recover soon from that level and made many higher lows. This forms a new channel, support around 8950 and current falling Trend line resistance is at 9240. Remember 8950 is the assumed Channel support and 9240 is the...

padiyara Updated 

Nifty strongly supported near 9044, may trade to form into a channel supported around 8920 and an immediate resistance will be 9250.On crossing that level nifty can still make a pull back to the said level 9990. As I said earlier this market is so unpredictable, so be care full in all your trade and keep strict stop loss while going long at support 8920. A close...

padiyara Updated 

Nifty made a nice move and reached 9890 a 100 point below our long awaited target 9990. As we all know, the world cue remain negative, Dow was negative by-2.55% ,and SGX traded on Friday made a huge fall. At this point we expect the unexpected and see what is the impact on Nifty in coming days. Technically we have strong support at 9390 as mentioned in the...

padiyara Updated 

Nifty attained two initial targets 9038 and 9454 and unlike the expected zigzag pattern it traded in a triangle, currently near its resistance near 9650. On breaking above this level nifty can attain the said 9990, and also the the pattern breakout target is around 11000. Support 9390. The lines marked on right hand side is the weekly Pivot values. Keep extreme...

padiyara Updated 

Nifty made a low of 7511 and reached to the trend line shown in the Last post, expecting the primary wave [4[ correction to include all the points with in the hypo 2-4 line. That was so simple assumption. it doesn't mean that the correction is over. Nifty will come down again & may end some where around 7000 after this current pull back and a side way...

padiyara Updated 

Nifty:10989 shows a Trend Line Break Down. Minor wave 5 seems to be completed at 12430.50. if this turnout to be true Nifty is completing multiple degree waves here. A minor wave 5, an intermediate wave (5) and a Primary wave [3 [. Minor wave 5 is completed in 5 candle and corrected swiftly in 3 candles, to break down the assumed 2-4 line, can be taken as sign...

padiyara

Nifty:11662, has made a strong break out above the falling trend line, showing bullishness ahead, while it can retest the TL support around 11580, next resistance will be 11800 & 11980.Sustain above 11718 can be considered as strong bullish sign In my Last post I was expecting a turn around from 50% retrace level 11158, but market refute that and went down to...

padiyara

Nifty is probably forming a pole and pennant/ Flag formation, it may remain few days in pennants. If it comes true, the expiry will be around 11700,may be with a breakout from the pennant. The pole can give a huge target for another 1000 points on break out. This is just for sharing an idea for the forthcoming opportunities, expecting more logical and wonderful...

padiyara

Hopefully we are entering in to a final wave of primary wave [3 [ With the kind of move and the break even of retracement level of 0.382% of the current down fall gives an indication in that direction. Assume that we in 5 of (5 ) of [3 [. (The narration is aimed at newbies to the wave count) Three different degree levels are discussing here, in which...

padiyara

Hopefully we are entering in to a final wave of primary wave [3[ With the kind of move and the break even of retracement level of 0.382% of the current down fall gives an indication. Assumes that Nifty is entering in to 5 of (5 ) of [3[. Three different degree levels discussing here, in which Primary wave [3[ started from 4531 is completed its lower...

padiyara Updated 

Nifty is forming an irregular correction at top, currently in wave C of an abc started from 11760, in which wave(a) is completed at 10004 , and (b) is completed at 12103 and (c) is in progress. Wave (b) is less than 138.2% of a can make wave(c) equal to wave(a). Internal correction may twist around 11150 to10650 for some time in abc or abcde, eventually the 5th...

padiyara

This is my second Hypothetical view on Nifty long term Elliot Wave Count, which is having a strong wave III personality. This view doesn’t have the wave 2 & 4 alternation conflict etc ,as it was very obvious, in the first view posted in earlier issues. But here also the wave IV is retraced nearly 0.786% of wave III, that is ONE reason I was not confident to ...

padiyara

This may be shocking when we have a 200 point gap up move in nifty, but please take it as a study material only. Nifty break the two four line says that 10004 is not wave 4. so technically we are still in wave 4 correction. Don't be deceived by the pull back . we may see 10005 again. Negation point 11200. Excuse me for the all the unwanted drawing...

padiyara

I am Expecting a support around 10585 (also see 21st july post). I was expecting a bounce from 11200 rage in my last posting,but it didn’t workout, which was actually confluence of 200 dma and a falling TL etc. But our main count is expecting all these possibilities of Nifty moving towards 10585 or even 10004 . I am Not able to confirm wave 3...

padiyara Updated 

,it will have strong resistance at the long term TL (support turned resistance) line around 280 - 300 range. Scrip is technically weak, and fundamentally a broke. The market is moving with reasons either for technical or fundamental objectives. So there is definitely a reason that the stock is oversold and can show some buying interest make an up move based on...

padiyara

A bounce is expected soon, probably from 11200 region. Next Resistance will be near 11500.A strong break out of this level will take nifty to new resistance level 11800.An expiry day is normally unpredictable.