This is in continuation of my previous idea in which wave-a was capitalized. Now is the time to capitalize on wave-c.
C = A gives:
453.60 (end of A) - (470-436 i.e. A) = 419..6
So, short at 446.5 (CMP spot)
SL 450.6 (2 of B started here)
Target: 419.6
Market Bytes 14-Jun-2016
Nifty futures: In past sessions we discussed NIFTY support at 8140. since markets gapped down and traded below it that will be a resistance zone now.On the downside support remains at 8075-65 and a break of that can test 7990 trading levels. Expect the upside momentum to be back if NIFTY trades above 8150. Use that as a trend decider for...
This analysis is based on Elliott Wave theory.
TATMOTORS has completed a 5-wave impulse structure on weekly. The 5th of the 5th wave is ending diagonal clearly visible on 15-minute chart (pls see below).
So:
short near 468
stop loss 472
target near 444 per 15-minutes chart / between 425 and 375 per weekly chart
Position initiated yesterday at 466 spot/468.3...
As i mentioned in the last post of NIFTY analysis expecting correction, It happened but due to strength of the NIFTY we got IRREGULAR PATTERN. Still Nifty on corrective pattern for next half of the week.
EXACT time and date for NIFTY BUY entry - 15 JUN 2016 --- 09:24 - 10:30 . You can enter this date & time if price near to our support levels for next week ...
Market Bytes 08-Jun-2016
Nifty futures: Finally broke out of the congestion zone and broke out above 8265. Now NIFTY futures has a base at 8250 , which is the trend decider for today. Until it sustains above it look for long side trades. On the upside one challenge is good CE open interest build up at 8300-8400 levels this means any upmove further will be...
Market Bytes 02-Jun-2016
Nifty futures: After 3 massive days we had 3 pretty range bound days without giving away much on either side. 8230-40 will be the berakout zone for target of 8280-90 and we can plan to take shorts below 8175-80 for downside targets of 8130-40. aggressive scalpers can continue to look to play pullback trades within this zone.
#nifty...
Bearish Crab Pattern Completion
Market is consolidating for past two days
Nifty has Double top formation near Crab Completion
Though it took out my stops on previous trade, we got another chance to enter at more better spot with Double Top.
While I am posting this its forming bearish doji, enter this trade after the current candle closes in Bearish mode
We...
LT always one of the most preferred companies for long term investment.But as the investment scenario in India is weak and LT also didnt look much attractive in current scenario to initiate long term position.
But with last weeks close happening in support region,dont expect any immediate bounce backs because Nifty Index also struggling to break above 7500 over...
Market Bytes 24-May-2016
Nifty futures: Two sessions back it broke the symmetrical candle pattern that we have discussed over the past few weeks. Since then it has failed to make any upside strides. Giving good short on rise pullback trades to the ones who traded that patterns. Now NIFTY Future has immediate hurdle around 7810 range and downside immediate support...
Nifty along through ABC corrective pattern, in that pattern b of (c) wave is progressing.Second half of the this year not good for stock market.
Reversal going to happen on 8100 to 8150 region.
Market Bytes 17-May-2016
Nifty futures: Has played out the range of 7700-7900 that we had discussed quite often to the script. The markets corrected from the highs of 7930 odd levels and found a base above 7750 zones to stage a comeback. The fact that we managed to engulf the prevoius day's candle completely and close above 7850 augers well for the bulls. If you...
Market Bytes 02-May-2016
Nifty futures: NIFTY Futures played to the script on Friday, we had discussed that the base now remains at 7830-50 range and upside hurdle is at 7920-30 zones . Markets respected the base and managed to pull back and and made a high below 7920. The script for the coming session remains the same; look to take a breakout trade above 7950 and...
Market Bytes 21-Apr-2016
Nifty futures: Not much of a change in the trading plan. We had discussed that 7850 will be the new base and hurdle lies at 7980. Yesterday daespite all the momentum the futures felt short of 7980 (High Made: 7959.50). Also on the downside NIFTY futures marked a low near 7890 levels well above the base and once that level was confirmed...
