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Nifty Forming Gravestone Doji - Indicating Change In TrendOn weekly Chart, it is been observed that there is a formation of Gravestone Doji candlestick that indicates bearishness. It forms in uptrend market to suggest change in trend. As showed in the chart, Nifty is been trending up forming new upside breakouts and waves for a while, it is been now observed with a Gravestone Doji, that indicates change in trend or "Party over for bulls" for a short time. Gravestone Doji : 1. Formed when opening and closing price are almost equal. 2. Long upper shadow suggests that buying pressure was countered by high selling pressure, rejecting higher prices 3. This candles indicates turning point of a trend, known as bearish reversal candlestick In all, bulls pressure to take prices up has been completely rejected by sellers waited at resistance, indicating change in trend.
NSE:NIFTYShort
by NeeteshJain
NIFTY Futures Week Ahead 04-JulyMarket Bytes 04-Jul-2016 Nifty futures: NIFTY futures continues the upmove with another gap up. For the upmove to sustain its important that NIFTY future sustains above 8340-50 zones. Upside swing targets now emerge at 8500-20 levels. In case it breakes below 8340 its back to a range bound. Interesting price action for last week. It was a week where almost all asset classes showed an upmove ( Equities, Oil, Bonds, metals) #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
BREXIT whats in store for NIFTYMarket Bytes 24-Jun-2016 Nifty futures: Looks like we are in for some serious volatile sessions as Britain's first referrendum in 40 years is almost out.India impact on macros for this event is less as only 0.5% of the exports are impacted. But in the near time markets always work on sentiments than fair pricing. Markets are likely to gapdown and open below our swing zones of 8150. This level need to be used as a the trend decider. Trading below that we can retest 8075 zones. 8000-8030 should be a firm swing base below that and provide a good contrarian opportunity if that level gets tested in coming sessions. #nifty #nseindia #sensex #stock #brexit
NSE:NIFTY
by PowerTrades
1
NIFTY Futures Trade plan - Week 20-JuneMarket Bytes 20-Jun-2016 Nifty futures: In the previous session despite gap up openings NIFTY futures failed to clear our swing hurdle of 8250 range.Expected gap down opening below our trend decider of 8140-50 zones. This immediate zone will hold resistance and decide the market trend for today. On the downside a break of 8105 can lead to a test of 8080 levels again. Swing hurdle on the upside continue to remain at 8240-50 zones. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
3
NIFTY Symmetrical Pattern Breakdown Close to Target ZonesMarket 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 at 7720 range. Given that there is signficant PE accumulation at 7700 levels will expect these levels to hold back from an expiry point of view. Downside swing Targets remain at 7620 and 7530 levels based on the extensions of the symmetrical patterns. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
5
NiftyWe have witnessed several Head & Shoulder formations throughout mid 2015 until date, therefore the probability of the current head and shoulder formation is over 90%, which clearly suggests that the current formation of the right shoulder should continue in an ascending manner within a range of 3.82% which is 285 points. Therefore, 7985 - 285 Pts = 7700. (7700 to 7985) is the current range for the Nifty index. This will gradually narrow down to (7800 to 7985) And (7920 to 7985) before a breakout towards the downside for -6% towards 7500 handle for the completion of the Head & Shoulder Pattern. Technical Analyst :- Jay Khanna JayKhanna@Live.com
NSE:NIFTYShort
by JayKhanna
Nifty Fut Base in a Classic Symmetrical Triangle PatternMarket 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 look at the daily charts we have a classic symetrical triangle formation. This provides a good breakout opportunity; at this point looks mostly on the upside with targets of 8100-8230 zones in case we manage to close above 7930 or for contrarian traders with a stop of 7750 range in dips. On an intraday basis 7830 will be a good base for near term traders. contrarian play for a quick short trade may also be attempted in rise with stops and reversal above 7930 range. (swing wise we keep the longs active initiated on 9 May) #nifty #nseindia #sensex #banknifty
NSE:NIFTYLong
by PowerTrades
8
NIFTY 09 May Plan aheadMarket Bytes 09-May-2016 Nifty futures: On our Fridays Market bytes edition we discussed that 7700-05 will hold a key base for the markets. This got respected pretty well despute a gap down opening. This further rep inforced the level. We discussed that the range of 7700-7900 is going to probably hold fort for coming sessions. On the upside immediate hurdle lies at 7850. so the idea will be to look at the base of 7700 and target the levels of 7830-50 in the swing or intraday day play. overall not much of a plan change from last plan. #nifty #nseindia #sensex #stock
NSE:NIFTYLong
by PowerTrades
9
NIFTY 02-May-Plan for the coming sessionsMarket 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 a breakdown below 7830 on the downside. Within this range we better play a pullback specially from the tops. #nifty #nseindia #sensex #stock
NSE:NIFTY
by PowerTrades
8