Nifty NewGuys NIFTY two way move up and down keep watch... All levels mentioned in charts
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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Nsenifty
Shorting idea for NIFTY (NSEI.NS)NSE:NIFTY
NIFTY (NSEI.NS) NSE:NIFTY completing wave B of A-B-C flat correction started at 11171.
WaveB estimated to end arond 11045.
WaveC estimated to end around 9951.
Good short, good risk reward ratio.
Disclaimer - the above text is only for educational purpose. You indemnifty me of any consequences you face by taking actions you take based on above.
Pfizer - Target 2700-2800 in 10 MonthsPfizer, probably the only pharma company in India that is going to make a new high. The pharma sector in India is in a bear territory for the last couple of years. Having found a stock in this sector that is yet to make a top is like finding light in the dark. It's good news for those who have significant exposure in this sector. It's not going to do much for them but something is better than nothing. But one must get rid of this stock as soon as it touches the level of 2700-2800, do not get optimistic when it does that. I repeat do not hold it beyond those levels.It will be too risky. When time is up, it's UP !
Nifty levels for next 2 weeks
We are at important price point as we closed in supply zone.
Important event in this week will be FED rate decision. I am not suggesting these moves considering FED decision. The levels are derived form demand supply zone and channel analysis.
As we are back in original down trend channel after making low of 7916, action in near future is very important. We can see that many support resistance lines are near CMP hence trading in such scenario is difficult as in absence strong price move we can get trapped in sideways move. To tackle such junctions, one way is to trade on lower time frames as entry singles, stops and targets will be small.
NIFTY Observation
I am not sharing any trading idea in this, as price is between zones hence no trade can be initiated from current price point.
One can consider that we have already taken support of demand zone below the price and trade, but it will be assumption only. I will not trade till the time my parameters of trade are not fulfilled.
What i want to share in this chart is divergence on price and RSI indicator. The divergence trades can utilize this opportunity. As shown in the chart price is at the 88% of fibonacci level which is considered strong point for reversal.
127% is not matching the zone but 161% is this may indicate something.
We have structural top placed at 8129 and bottom at 8048. These two points will be important in next 2 days trading and may be after that also.
Nifty trade setup for next few weeks
I want to clear one thing that by sharing this idea i am not asking any one to trade on the basis of this. Please do your own analysis and then risk your hard earned money.
We are at important point in price and valuation of NIFTY. Current PE is around 24 and we are testing all time highs with the help of strong uptrend.
We completed 100%+- of earlier fall in 191 days or 121 trading sessions. We tested all time high level of 9119 in March 2015 and price started correcting. Bottom of 6826 was made on 29th Feb 2016 so correction was on for 245 trading days or 362 days. So the up move took half of the time of fall to reach 100%.
For coming weeks we may move with large numbers, I have marked demand and supply zones on chart to understand where we can place the trades and where we can exit. We are in uptrend channel and testing lower level of channel. One needs to be watchful with all this setup with trading. Idea of trade plan needs to be clear.
Two trades which are visible on chart are example trades.
Nifty Road Map
This is not a trading idea, sharing this road map to share possible future moves of NIFTY.
I have applied the Gann toll on weekly chart, on daily chart we can see that price is responding to tool's lines and curves. We can hope in future also price will respect the tool :-) . We can use such charts not to trade but to take overall idea and use the lines or curves to exit or part booking of profits.
Have added Pivot indicator in chart, I am using indicator not for pivot trading but to bring objectivity in identifying price ore market structure. This (structure analysis)can be used individually or with any other analysis.
The old analysis with demand and supply zone is attached in idea.
NIFTY 50 Elliott wave update 26 AUG 2016As per my lost post i am expecting 8400 level on august month but nifty fell to 8500 and it consolidates through out this month.
As per my wave count August month top ended with C of 3rd wave. On September month i am expecting more sideways movements from Elliott wave and also ASTROLOGICAL prospective. Stay away from market upto SEP 22 - 2016 and then enter buy upto November 1st half.
As per my ASTROLOGICAL prediction NIFTY reach Historical top on NOVEMBER 2016. Due to some planetary effects around the globe all governments face lots of problems, Its affects the market also. That effect will continue upto second half of 2017, Second half of 2017 will be GOLDEN opportunity to participate in another bull run for another 2.5 years
Buy Andhra Bank TGT 71 SL 54(closing )#NSEAndhra Bank shows start of a long term uptrend after reversal confirmation. Awaiting the results on 6th August, taking a bullish position with mentioned marks could be positive.
Jain Irrigation in trade range #NSEJain Irrigation is trading between the levels of 68-76. Any breakout outside these levels will start a new trend, hence position building would be preferred after that event. As of now, since the price is in a trading range, buying at lower band (around 68) and selling at higher (around 76) would be appropriate.
NIFTY - A Big Crazy Bull is headed our way!
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch multi-year lows. This fall gave a good opportunity to traders especially our Inspiron traders who spotted and shorted the best down trending stocks to bring in lots of profits while majority investors saw their portfolios being eroded day after day.
However come March and the Nifty suddenly reversed from a low of 6800 and there were no stocks left to short-sell as most of them had gone up sharply. Only a handful of stocks (less than 10) regained their uptrend and it looked as if this rebound was temporary. But the markets being true to its character continued to limp higher month on month although with a number of roadblocks along the way. By the end of May, we had more than 50 stocks that had regained their uptrend and 25+ stocks that reversed from downtrend to uptrend in NSE futures segment. That close to 50% stocks in the segment. What was equally surprising is that the stocks went up with minimal volatility and smoothness that had not been seen in a very long time. The volume buildup every time a stock touches a new high is increasing continuously. As on today (31st July) the Nifty comfortably sits as 8600 levels and looks in no mood to catch a breath.
So what does all of this indicate?
Well, before we arrive at a probability, lets crunch a few numbers
The Nifty went from 6100 in Feb 2014 to 8500 in Nov 2014, a rise of 2400 points in 10 months averaging a gain of 57 points every week.
This time the Nifty has gone from 7000 in March 2016 to 8600 in July 2016, a rise of 1600 points in 5 months averaging a gain of 72 points every week.
Current resistance level of the Nifty is @ 8888, what is also interesting is that in past the Nifty has closed above 8888 for less than 10 trading days in its entire lifetime. So crossing this level may be a hurdle but once that is achieved, there is reason to believe that there can be no looking back. We may well be riding the best bull run in a decade.
Even if the Nifty just continues this run rate then we could see the Nifty breaching 10,000 by December!
So it’s time to pull up your socks and get serious, you can’t afford to miss this Bull run! In the last decade if there was a time to be serious about your equity investments, this is that TIME. Take a look at your investment type, your capital and risk taking abilities and get in touch with a Mentor who can guide you.
Goodluck & Godspeed
Regards
Pashin Katpitia
www.facebook.com
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 50 Wave Analysis Update 24 JUN 2016Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins.
As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level.
Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give possible reversal dates also.
NIFTY 50 WAVE ANALYSIS UPDATE 22 JUN 2016As per our last post market reversal from 8235 to 8035 level, Still market holding on reversal zone. We can enter short upto thursday.
On Thursday BREXIT also impact our market little bit to send the market sideways to Downside. But in medium term still market in upside 8420 and 8650 level are intact.
Enter Long
DATE : 23/06/2016 - Time 13:50 - 14:56 Price - 8035
Complete Analysis of Nifty : R u guys ready to trade Nifty ?? Yesterday all you guys had very good expiry day , I hope !
So for coming days we are ready with our analysis for Nifty.
The reversal zone marked has few fib confluences too which I removed as the chart looks messy. Right in our resistance zone we have potential bearish butterfly completion where we can initiate our short positions for smaller pattern based targets.
Nifty is rising up like a rocket for past two days and bulls will take rest for sometime which will result in pullback towards 7900-7950's ( I marked the zone wide, which is intentional too)
If the expected pullback happens then we can initiate long positions and note that Nifty is already heavily overbought
more than 95 RSI.
Some will have apprehensions to go against trend (i.e) to enter the bear butterfly, if you feel so pls stay out n watch how it pans out. There is absolutely no harm & ur capital is also safe and you guys can enter later during the pullback .
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Happy Trading !