We expect Nifty spot which is currently near the range of 7889 to touch 7778 in short term.
Points Noted in the Chart, 1. Elliot Wave 5 Impulse leg completions 2. Bearish Crab Pattern Completion 3. RSI in Overbought zone I would wait for the next bearish candlestick for the confirmation. After Confirmation, T1: 2342 SL: 2610
NIFTY has been trading in a small range since 2-3 weeks. I work on a proprietary system to generate BUY/SELL signals. The signal has been to go short and that NIFTY will not go beyond 7800 till the end of May 2016.
Target of 8000 is achievable in months to come. It just depends how it will reach there. I have put two different type of situation to rally up to the said level. The market can turn around at this point to 7240 and then rally back to 8000, or else other marked way. It is good to note that market has begun its uptrend and now it is a matter of how well it...
Expecting NIFTY to sink. ::: RISK CALL ::: STOCHRSI is rising. RSI is rising. CCI is rising. We are expecting a reversal in NIFTY and it may sink with great speed. Short Bellow 7358, 7295, 7008, 6945 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
POINTS NOTED ON DAILY CHART, 1. Bullish Divergence of previous support 2. Trendline confirmation 3. Breaking news to support buyers, (BHEL bags 5600cr order in Tamil Nadu)
Nifty is expected to sink now. There are many reason why we feel it may sink. 01. It is already trading below quarterly Target 03. 02. Bearish Engulfing in weekly chart 03. To sink and come near 6943 to 6880 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the...
Points noted on Daily Chart, 1. Head & Shoulder Pattern completion with confirmation of high volume selling at previous resistance level. 2. Double Top with Bearish Divergence in RSI 3. Risk & Reward ratio at great deal In my opinion, this one is a short for now.
Right now, there are two possible scenarios 1. Nifty breaks previous low of 6870 and reach to strong support level at around 6600. (marked in Red Arrows) 2. Nifty goes up to 7125 levels and then break above close above resistance level of 7240. (which can be a trend reversal for nifty) marked in Green Arrows Therefore, it is a close watch at nifty and stocks...
Continuing from the monthly forecasts in the website, an elliott wave analyst can observe the same as we do, the nifty peaked at an all time high of 9119.2 on mar 2015, the downfall is around a year and when will it end...? obviously an traditional trader doesn't have answer for this question but the perspective that elliott offfers is significant & different and...
Nifty0.26% has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY0.26% to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 7330 to 7365 levels.the same has been confirmed by Stoch RSI , RSI & CCI . The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please consult your...
Nifty expected to rise. Nifty has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 8330 to 8365 levels.the same has been confirmed by Stoch RSI , RSI & CCI. The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please...
A bearish Gartley pattern is formed that indicates a correction at 232 levels, stop loss 260. Risk Reward: 1:2
Three big reasons on my personal views 1. Bearish Sandwich candlestick pattern 2. RSI Divergence 3. Long Term Bearish Trend Structure Formation on weekly chart
With concecutive Lower Highs, it shows that Nifty resumes its down trend. Now it may retest the 7245 levels before any further change in trend. In my personal view, investors in a longs calls should cover their positions.
Nifty is expected to sink approximately - 200 points. Main reason being bearish engulfing formed in weekly chart. On End of day basis it may look a bit bullish as far as technical levels are concerned. but weekly chart pattern confirming the other way around. It is usualy seen that the next candle of Bearish engulfing usualy opens with a gap down. What is to be...