SBI Short for Target 190Technically SBI has broken Trend Lines and Supports, Volume is Increasing on Down Days, BankNifty is Looking Weak and There is also a possibility of a third wave... Targets Can be seen at 190..
Niftyshort
Short Nifty for the targets of 7900, 7500 and moreTheir is a very good sell opportunity in nifty currently, this wave can take nifty all the way down to 7500 in near term. bank nifty will add most pressure, INR will get weaker which will act as a catalyst.
NIFTY Clear cut Analysis - Elliott basedHi traders,
Since we are off for a while and this being our break resumption post, we would like to add some significant detail on this one and consider this a Christmas or Newyear present from LeadBrains as it is about to give a precise and much more clarified analysis about NIFTY.
As usual this one will contain all the info with an elaborate video explanation & the best part is, it is free for now & free forever!
The analysis will be published on Monday or even before that , exclusively on our website and one can check it out @ www.mytradingcourses.com & we would humbly ask you to subscribe to our newsletter to keep yourself updated with us & with the markets .
See you on Monday Folks
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Major trend broken for NIFTY towards 8320Daily closing below (0.382 retracement level)
the crucial support 8565
will take nifty to (0.618 level) 8320 within short span of time.
If Nifty takes support at 8565 level,
still it should sustain above 8720 to move further towards 9000+.
One may expect short term bounce back
as RSI is oversold as of now
So, every pullback is opportunity for SHORT, SHORT, SHORT!!!
NIFTY DETAILED INSIGHTS - ANA ELLIOTT PERSPECTIVE
Greeting traders and investors,
Been a while since our last publication
Now back to the business
POST COVERAGE - NIFTY LONG TERM, Medium term & short term (DETAILED ANALYSIS WITH VIDEO PRESENTATION for free)
NIFTY has been riding high waves for a while and the main thing that is fish about the move is, it is not supported by the psychology and this move precedes a big decline, which will last for months to years and to know how the psychology is influenced by various factors, lets just understand the smallest elements to largest elements in the evolution of markets.
The NIFTY has been rallying past 7 months without any pause and it is also nearing its greatest resistance - all time highs of 9119 and the moves beyond this point is really challenging a trader.
Various challenges are detailly explained in the BLOG POST in our website,
www.mytradingcourses.com
Nifty Heavy Sell Off Coming?There is a possibility of sudden 700 points sell off in nifty, i can see some short patterns in nifty and bank nifty charts, there is also heavy PUT buying going on, VIX is ticking up, global markets are also suggesting a sell off, and INR is also not getting strong..
Nifty : Bearish Crab Pattern - Risky setupHi 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 much as rewardable though it has high risk. Better I suggest to wait for an hour or later after market opening to get bearish confirmation in Nifty before entering the crab setup
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Nifty : Head & Shoulders Pattern...When to Enter ??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 wary of our shorting position with strict stops. We do have left shoulder as resistance on other side..Lets see how this pans out today..
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
Nifty : Potential Triple Top Shorting ChanceHi Guys,
We have potential triple top in Nifty which is currently in formation now and once we get valid confirmation for downside move we can initiate short positions.If you check RSI its giving bearish divergence as of now but we need to check what happens when triple top is completed. If everything goes as planned we can short Nifty and in this particular setup risk is very less as you can see from the chart.
You can also initiate short positions if the current candle ends as bearish engulfing, but enter small positions only ( for aggressive traders only)
Thanks for your support...
Happy Trading... !
NIFTY July FUT - Elliott Wave Analysis
Greetings traders & readers,
This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups.
To learn more about the Premium trade setup (PTS). click the link below,
www.mytradingcourses.com
Now lets deal with the analysis in weekly time frame and just understand what is happening over there.
We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently.
The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time).
Continued in our website and the same is free,
www.mytradingcourses.com
Feel free to ask for any clarifications through chat / comments in our website ( for instant response) and / or through our trading view Profile.
If you feel that the analysis is worthy, please follow us on trading view to keep yourself updated with us & the markets. we need your support.
Thanks for reading the article
Regards,
Dinesh. R
Senior Technical analyst,
LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NIFTY 50 WAVE ANALYSIS UPDATE 30 JUN 2016DUE TO GLOBAL MARKET CORRECTIVE UPSIDE, OUR MARKET ALSO RESPOND TO THAT. AS I SAID LAST WEEK NIFTY FELL TO 7835, I AM STILL EXPECTING THAT LEVEL TO COMPLETE THE WAVE STRUCTURE.
WAIT FOR THOSE LEVELS AND ENTER LONG. NOW I AM ENTERED PUT OPTION @ 8000 FOR NEXT TWO WEEKS.
Nifty :Potential Bearish Gartley PatternSome 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 gartley and this may get invalidated if market gaps up above X 2mrw. This will be valid only markets open normal and we get filled in our marked zone. Got better risk reward too.
Happy Trading !
Nifty Hourly : Will descending Triangle complete ?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 the channel breakout , Nifty go into ranging mode and if you guys remember our Bearish Crab targets are still to be reached around 8000's. But here is another chance for who missed it.
We have potential triangle formation but the inner moves offers us a chance to short. Check chart for targets,stops. Determine Entry after checking your risk-reward.
Happy Trading !
NIFTY JUN FUTURES - Elliott Perspective
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 charts over here,
From which one can observe four consecutive months of Rally lifting it from the depressions of 2015
But the entire move as we have discussed is purely corrective in its existence.
Don't you think that the market is up for a correction now and lets have a clear insight about what's happening :
The Wave 1 as it is earlier described in previous Posts have been developing into an Leading diagonal and this consists of corrective waves replacing impulse waves in their respective places, here it is triple threes in weekly time frames as you can see from the weekly chart,
However we have something to be discussed in detail without which the analysis is incomplete and that is to dig deeper in daily charts and we have carried the same in our website with a Video explanation - A freebie, do check it out here,
www.mytradingcourses.com
( few Questions of users are also being answered in the video on Previous analysis)
Our humble request to all visiting our website/ trading view profile,
Please support Us - we are not charging for this analysis and we want to keep it that way, so lend us your hand as support...! share this post if you can, spread the word - a word from mouth is really helpful and like us in FB & Follow us in trading view
Thanks in advance...!
Thank you for reading the article
Regards,
Dinesh - senior technical analyst
LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm
Nifty (Short): Bearish Crab Pattern & Double TopBearish 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 are targeting around 7900's (300 points) , so 100 -150 point stops ( 8300;s) won't do much damage.
But if you are very conservative trader, Please dont risk.
Nifty - Sum of all factors - An Elliott Perspective
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 ANALYSIS,
Each & every trader will definitely find this analysis compelling to read & understand
The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as Elliott has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Leading diagonal Triangle.
Trade Accordingly at each levels of individual waves & at this point....
Thanks for your time
Dinesh -Senior Technical analyst
LeadBrains FSL - www.mytradingcourses.com - Trading education & Training firm
Nifty ::: Expected to Sink ::: Risk CallNifty 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 above indicators in view along with the chart pattern we expect it to sink. As we have budget this week it is a risk to trade Nifty our view is 6943 to 6880. We are expecting this to happen on budget day that is 29 Feb 2016. 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. [/b
Nifty expected to sinkAs the NIFTY has made a Bearish Engulfing pattern chances are bright that NIFTY may crack it to 200 points on the lower side Which may happen in near future.
Caution: The above are our personal view. Neither a recommendation nor a tip nor an advice for any trade. Please consult your personal financial adviser before investing.
