Yesterday both the trades ended in small profits.
Today SGX Nifty is up 31 points and a gap up opening is likely. But it would soon be followed by an intraday dip. Will go long again there.
Overall till 20th Apr it will continue to be bullish and one can simply hold long till that date.
Today the first critical time is 09:20, after which if market is going up we can go long with a tight stop-loss. If its going down we will wait for another critical time in the second half. Stay tuned.
Today SGX Nifty is up 30 points approx and we can short right at the opening.
However if it continues to go up even after 10 minutes of opening we will exit and wait.
As this is a retracement it would be a bit difficult one to trade.
Turn date has arrived!
So far since 23 Mar bears are trying hard but their stop-losses are getting hit again and again. They had a very few intraday chances where they succeeded.
Now time has come for this entire upmove to be retraced. This retracement wave will continue till 24th Apr. Most possibly it will go to 61.8% level as shown in the chart.
Today #SGX #NIFTY is flat. And the turn date is tomorrow.
I did #Nifty chart yesterday and as #Nifty had met one particular Fibo ratio, it got resisted there throughout the day. This was explained in yesterday evening Summary post.
#BankNifty however have not yet met any such Fibo ratio and therefore was outperforming #Nifty and went above previous day's high in...
#Nifty got resisted exactly at 10426 as per Fibonacci projection shared in the morning. Next target is 10510 which shall be achieved in next 2 days, before we turn down.
The day was frustrating for many as #Nifty went sideways. We just kept holding the positions taken yesterday with patience.
See you tomorrow morning!
SGX Nifty is up by 27 points. So its going to be a GOLD morning! And we already knew it.
Nifty is targeting 10426 and 10510 by 12th Apr. And this upmove may not stop there!
Stay tuned and follow me here and elsewhere for live updates.
Once again bucking the global trend Nifty went up as per our analysis.
BankNifty 12 Apr 24500 CENifty Apr 10300 CE was bought for 140 Rs on 5th Apr.
Was sold for 175 today at 25% profit.
BankNifty 12 Apr 24500 CE was bought for 233 Rs on 5th Apr/
Was sold today for Rs 521 at 123% profit!
Additional long positions were taken.
This is analysis which market...
US Market was down significantly on Friday, but SGX Nifty is down only 37 points.
Any gap down which happen till 12th Apr is NOT going to sustain and Nifty + BN will keep pushing higher.
A comparison between Nifty and Dow Jones is in charts. Above is Nifty chart and DJI has been posted as a separate idea here. Both charts are self explanatory.
Gold Morning Folks!
SGX Nifty is flat right now, early in the morning it was 48 points down, but has recovered.
Nifty and BankNifty will continue to be bullish, though there will be periods of consolidations in between, what TA’s call a time correction.
We are holding Nifty Apr 10300CE and BankNifty 12 Apr 24500CE bought at 140 and 233 yesterday. Previous...
SGX Nifty is up by 168 points. It shows nature of things to come till 12th April!
Today critical time is 9:03, from where Nifty and BankNifty are supposed to be up!
But SGX Nifty already anticipate this.
Its unlikely that Nifty and BankNifty will open up so high directly, but a gap up is in store for sure.
Just go long at the opening.
Today SGX nifty is flat, but Nifty will still move up but till when.
Today 11:10 is critical. Any down-move which starts from there will set a SHORT TERM RETRACEMENT WAVE.
This wave wont be worth trading except for the extra bravehearts.
Remember that in the medium term we are up til 12th.
Today SGX NIFTY is down by a big number but this gap down wont sustain for more than 2 hours. One shall add to positon or go long fresh if not already. Turn date remains 12th Apr. And Nifty will remain bullish till then.
Will simply hold all y long positions patiently.