Nifty

Nifty hits the Bottom Target too soon! What Next?

Nifty witnessed a blood bath since my last post and fear has spread for a bearish market but may be its not right time to fear anymore. Nifty was bound to go down as i mentioned in my post (Link) but was confused and expected a relief rally before hitting down to my target of …

Continue Reading
Nifty Uncategorized

Nifty channeling out

Nifty has been rising at the best pace for this year recently but in doing so it is channeling out in narrow formation. The formation is such that is converging at some point and now next week is the time when we could see a breakout from this pattern. Breakout from such formations generally gives …

Continue Reading
Nifty

Dead Bull Bounce?

Havent heard about a Dead Bull Bounce?….Nor did i ….We always heard about a “Dead Cat Bounce”…But Last two days recovery on Nifty has made me curious for a bounce which is greater than a Dead cat bounce but its not a rally until we breakout on resistance. Attached graph is weekly graph of Nifty as …

Continue Reading
Nifty

Nifty showing fear for first time in 14 months!

Nifty had been in super trend since the month of Demonetization which gave us a rally from 7900 to almost 11200 in 14 months. Generally market is said to be significantly corrected if we have a breakdown of almost 10% from the recent highs and which we never got in this 14 months rally. But …

Continue Reading
Nifty

10000 is the new 9000 for 2018?

Markets has clicked a New high yesterday bringing some cheers among-st traders but most importantly it has shown some new sing of rally for Technical Analysts. As we all could witness, Nifty has been in the range of 9500-10000 post GST but since late October the range had rose to 10000-10450 which was finally breached …

Continue Reading
Nifty

Doji Family is ruling party this week!

Nifty had been in strict profit booking mood and bulls were trying to find out a way to get out of the trap and then Moody’s Re-rating on India came as a surprise on the street! Markets took a U-Turn on such news and we saw a initiation to a new short term rally. 10345 which was …

Continue Reading
Nifty

Hence confirmed!

Nifty had been volatile in the strict range since few months between 9700-10150 but in such course it was giving a perfect corrective Wave which was proved this week. In my last post we did study two cases where we expected either sharp downside or rally, and now our fortune is decided. So now as …

Continue Reading