Nifty (spot) made a low at 7336 very near our support zone of 7320/7290 as of now it seems ready for an up move longs can be initiated with a tight stp of 7275 closing basis for the tgt 7585/7644
Risk/Reward 1:3 becomes very favorable
BULLS MAKE $ BEARS MAKE $ PIGS ARE SLAUGHTERED
In-Depth Elliot Wave Analysis
Tuesday 19 January 2016
Sunday 17 January 2016
Nifty Elliot Wave Analysis
Its Blood on the streets!! We made appx. 200pts from the long side trade Nifty respected our level of 7425 as mentioned on previous post and the bounce was immediate on Intra Day basis itself.
We now have to look forward for this coming week as this can be pretty crucial Nifty is now entering into support zone of 7320/7290/7215 we are of view this can become a Bounce Off Zone.
Kindly keep Strict Stp loss for all Trades as the volatility of Markets has increased tremendously.
Wednesday 13 January 2016
Nifty Elliot Wave Analysis
As per our previous post we mentioned Nifty to find support @ 7540/7470/7425 it touched low of 7425 & Rallied 175pts intra-day going forward as of now it seems some kind of base building has started with Nifty if 7425 is held on closing basis definitely we will witness upmove.
As per my method it seems to be ONE should be in the long side of the
Markets as that being the line of
Markets as that being the line of
Least Resistance after all the experience that I have gathered in
Markets over the 13 years of professional trading My conclusion is having
"Confidence in your method & then confirming it by what the Market PRICE ACTION DOES"
Monday 11 January 2016
Bank Nifty Elliot Wave Analysis
As of now Bank Nifty looks like completing a market structure and we have strong
Critical Support Zone of 15885/15625(closing basis)
If held we can definitely witness strong up move from the current lvls.
The minimum tgt will be 16600
Going forward it seems like Bank Nifty(spot) completing
Elliot Wave structure (wave 1-5)
Sunday 10 January 2016
Nifty Elliot Wave Analysis
It’s a moment of joy and what a wonderful start for the NEW
YEAR 2016 Markets party went on late hence the Hangover was hard.
This was the chart posted on our blog last week with Resistance Lvl's
Nifty(spot) respected our level of 7970 & corrected 400pts,to
be honest the fall was very much predicted but the pace of fall was astonishing
but as I always say Markets are Supreme than anybody else all we as individuals
need to do is stay with the trend & be Contra trend when markets give us signals
when its about to change trend, seriously in this Pursuit of Reading Market
Mood I only find Elliot Wave Principle as best light for the darkness.
Going forward for Nifty Elliot Wave analysis (Daily chart)
Wave A complete at 7551 wave B at 7972 now we are in wave C.
Support for Nifty(spot)
Stands @ 7540-7470-7425
on closing basis from where a bounce can be expected .
Medium Term Trend for Nifty stands Down till
7985 is not taken out closing for 2 days.
Saturday 2 January 2016
Nifty Elliot Wave Analysis
Nifty seems to Breakout of the trading range of 7850-8000
which can give good trading opportunity, as per
the hourly charts we are having resistance around 7970-7985 above which
nifty can touch 8040/8090 level.
Going forward we will definitely have clear trend emerging
from this week (hope with volumes) keeping a close watch for the 7985 spot
closing, Shorts can be initiated for at least 150-200 points.
Will be starting with the Personalized Trade
Setups for Nifty & Bank Nifty from 1st
February 2016 for enrollments contact
me.
Subscribe to:
Posts (Atom)