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.
At someone's request, my Fibonacci Analysis tells me that NIFTY is heading to 7700
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...
NIFTY is expected to RISE now. The reason why we feel NIFTY may Rise. * Bullish Engulfing in weekly Chart . * Stoch RSI (3,3,14,Close) is UNCLEAR. * RSI (14,CLOSE) is UNCLEAR. * CCI (20,CLOSE) is UNCLEAR. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :7554, SL: 7537, Tgt...
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.
Nifty likely to cool-off from 7,500-7,540 zone towards 7,200-7,250.
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...
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...
Points noted on daily chart, 1. Harmonics 2. Fibonacci Extension 3. Structure - Bearish Formation
Points noted on weekly chart, 1. Bearish Pattern Emerging 2. Bearish Divergence 3. Consolidation I personally view it as weak and bearish. Target: 241 , Stoploss: 295 Risk Reward: 1.1.5
I personally feel that it is a Great opportunity to short this one at current levels. On my personal view, I believe it has broke out from a consolidated triangle pattern and has also changed the trend by making lower highs. This seems as a trend change for this one. 1. RSI Divergence 2. Triangle breakout pattern 3. Structure confirmation of lower highs On...
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.