MKSOPTIONTRADES

MKSOPTIONTRADES

The index continued its relentless run on the upside and in the process completely negated the Triangular Hypothesis. In the appended chart we have shown the classical Rounding Bottom which the prices have completed with yesterday’s push and the width of the pattern is 1077 points. At the same time 9600-9700 is an open chart gap left in last month on both downward...

MKSOPTIONTRADES

The implications of Skewed Triangle are extremely bearish, if true then we are looking at a wave (C) lower opening anytime soon and that will be huge huge negative for the markets in the months to come. As we said this is a probability and for the betterment of everyone involved we hope that the index negates this possibility by moving above 9889 otherwise we...

MKSOPTIONTRADES

Much weaker position then Nifty as the index is under threat of forming a Running Triangle. The low of wave (a) was 21351 and a completion of wave (e) below 21351 will complete a Running Triangle which is even more bearish .Again the wave (e) will be deemed over only on a faster retracement of the same and we will alert our readers on a live basis as and when the...

MKSOPTIONTRADES

of Extracting Triangle taking shape of contracting Triangle , a push higher towards 9145-9160 will probably complete the Coiled Spring and post that one can expect a vicious cut in Index. Keep watching for the faster retracement of this last leg of the contracting triangle and if a faster retracement is seen then it might indicate culmination of leg e which in...

MKSOPTIONTRADES

Extracting Triangle in NIFTY is nearing completion and the culimination of of the triangle will be indicated on a move below 8806 in less amount of time consumed by the . Downside target in that case will be the height of the pattern(difference between 9889 and 8806) i.e., 7723 in Nifty.