Hi Guys,
Trading sharks n crabs are the most risky patterns bcos its not like other patterns where we can expect a support/resistance around D completion. Crabs will always have their D legs extended way beyond to 1.618 and sometime continues their move upto 2.24 extension levels. So if you really ok with the risk enter the trade with proper stops, Crabs are as ...
Hi All,
We got head and shoulders pattern in Nifty 15mins chart and the right shoulder is yet to get completed. If we get bearish confirmation around right shoulder we can short Nifty and trail our stops till the neckline and if neckline gets broken we are in for treat today. But today being expiry day and GST Bill inching closer to get final nod, we should be...
Before someone thinks why ? how can you be without trading Nifty ? how can you make money n sort of questions, lets see what chart conveys us.
We are in strong support zone of Nifty but here we don't have proper risk:reward if we choose to enter long positions. So we wont b entering our trades here instead wait for 8540's zone. Its very small support zone so need...
Hey Guys,
In Part - I of Nifty trade Idea I have told, I will wait for pullback.As expected market made pullback to our expected levels and we have few gaps below 8290's which I expect to be filled soon. So, being conservative trader I am initiating longs around 8290's-8300's only part of my positions. So that if market moves down I will average, thats why...
Nifty should fall completing final wave for correction. However, it can give the fall from 8295 (Flat pattern) or higher (Expanded Flat) till 8050-8005 (50% retracement of impulse). Then we should get an impulse up.
Edit : Sorry about Line spacing, Don't know why there is too much space, checking with admins.
This pattern brings up numerous questions about Nifty.
Will Nifty raise till 8279 ?
Will it break the wedge & move-up on breakout ?
Will it retest upper trendline and return to retest lower wedge trendline ?
For all these question its not right time to answer, only...
Greetings traders & readers,
This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups.
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Now lets deal with the analysis in weekly time frame and just understand what is happening over there.
We have already...
Nifty need to consolidate between 8000 to 8500 before trending up either in first week Oct 2016 or in mid Dec 2016.
For all this Nifty should protect 7500. I believe it would be successful in defending 7500
Let's start with Britain's referendum polls. No one is sure what will be poll results, Its Neck to neck between BRemain & Brexit. What Nifty will do inline with poll results ?
If Bremain happens - Nifty Gap Up ; If Brexit - Nifty Gap Down.
Rare case : There is possibility of Nifty ignoring the result as India has some vested interest in both scenarios
Coming...
Some will call Me crazy, some wonder why I am shorting again after taking loss today.
Answer : That's what My Plan says. And that's what trading discipline is.
My trades success ratio is 70% which means out of 100 trades I take 30 trades are losers.So everytime I take a trade I know that 30% of my trades are losers. ok,back to trading...
Here we got bearish...
We have news today which market has never expected : R3 won't be RBI governor for 2nd term.
That's Bad News, Atleast for Indian Economy & our banks which are high on NPA's. If I start on explaining this scenario & complex situation of our economy combined with Global scenes , it will go on, so let me cut here & jump back to what we do always - Analysis.
After...
Greetings Traders & readers,
ONE Happy news for all, from this month we are about to release FREE insights on NIFTY FUTURES for current contract, in the beginning of every month - starting today...!
As you can see from the chart we are about to discuss the analysis on NIFTY in weekly time frames
but before that lets also take as deep look at the monthly...
Sorry for the discontinuity as we were engaged in some other obsessions
Now to the Analysis,
You never understand a movie by missing a half of it , so don't miss it
THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here,
After that do revisit this...
