Nifty analysis

8 окт. 2018 г.

NIFTY just hit the 1.272 Fib extn of 10208 today. Hence giving a minor bounce. It could give a bounce upto 10500-10540 but it should not be considered as a reversal. Nifty is still expected to be in downtrend or consolidation phase and expecting it to form bottom between 19-24 Oct before a prominent bounce. Lets wait for it to form a bottom before we can calculate to what extent we can expect a bounce.
Until then we will only short on rallies and avoid fresh long positions.

8 окт. 2018 г.

Заметка

A fall upto 10035-9951 cant be rules out

8 окт. 2018 г.

Заметка

Sticking to our strategy and will only short on rallies and avoid fresh long positions.

9 окт. 2018 г.

Заметка

10 окт. 2018 г.

Заметка

As mentioned in the analysis lets wait for 10475-10540 zone before initiating fresh short position.

11 окт. 2018 г.

Заметка

Yesterday nifty made a high of 10482+ thereby entering our sell zone of 1075-10540.
Book partial profit at current level os 10190+

11 окт. 2018 г.

Заметка

Yesterday nifty made a high of 10482+ thereby entering our sell zone of 10475-10540.
Book partial profit at current level os 10190+

Expecting Nifty to stop at 10035-9951 next

12 окт. 2018 г.

Заметка

Nifty closed above 5 day EMA for the first time after 18 trading sessions (28 calendar days). A possibility of a deeper pullback towards 10800-11000 above 10560 cant be ruled out.

Until 10560 is taken down on closing basis we will still be holding bearish bias/position.

16 окт. 2018 г.

Заметка

10560 is taken down on closing basis and w can expect Nifty to test 200 day SMA currently at 10780 in coming sessions. And as mentioned on Oct 12 we can see 10800-11000 levels once 200 SMA resistance is broken.

Nifty has to make a new all time high to compensate for the damage done (13.79% correction from the peak) in 29 trading sessions and reinstil confidence among long term bulls. A new all time high could attract fresh long positions hence gain strong momentum and the bull rally could be stronger and faster. Until then any upmove shall be considered as a retracement.

17 окт. 2018 г.

Заметка

Stay away from long positions. Lets wait and watch until we get a good signal with favorable risk reward.

17 окт. 2018 г.

Заметка

Nifty close below 10500 on day chart would be first warning signal.
A close below 10400 would trigger a rapid fall towards 10208-10035-9951

17 окт. 2018 г.

Заметка

Watch out for the pitchfork median line. a close above o below it could be crucial.

24 окт. 2018 г.

Заметка

Nifty made 10208 yesterday as per our analysis.

Conservative traders can close all the short position today and aggressive traders can maintain a save profit above 10300

As per our analysis posted on Oct 8th we expected Nifty to form a bottom between 19-24 Oct before a bounce. We need to wait and watch for further confirmation and not jump the guns. After booking profits in short position we will wait and watch for further price action and decide.

25 окт. 2018 г.

Заметка

Cover all the short position and sit on cash both aggressive and conservative traders.

26 окт. 2018 г.

Заметка

Nifty made 10035 and now lookign weak. 9951 possible as long as Nifty stays below 10300

26 окт. 2018 г.

Заметка

A close above 10170 on day chart would be a first green signal for bulls.

Avoid taking fresh short positions. Lets wait for further price action and then decide. 😊
I am having a bullish bias hence looking for a reversal signal to take fresh long position

29 окт. 2018 г.

Заметка

As per our analysis had asked to avoid fresh short position and exit short position completely on Oct 25th at 10120.

Nifty today closed above 10170 and now we have a early sign of reversal. We will wait and watch until we get further confirmation to go long.

Please avoid sell on rise. This may not be a sell on rise rally.

7 мая 2019 г.

Заметка

As per the analysis published on Oct 8th " ...expecting it to form bottom between 19-24 Oct before a prominent bounce"
And we saw Nifty make a bottom on 26th Oct 10004+ before a prominent bounce. Not 100% accurate on the dates however.

Also have been consistently telling not to sell on rise since last Oct.