Nifty

Bulls not able to overcome psychological resistance!

Nifty charts have been like a pendulum between red and green candles. But finally we have resisted near to 8980 or to say 9000 level which i had been mentioning in my previous post and it looks like it was the end of 5th Wave of a smaller degree. So next would be correction phase which could be a sharp fall or consolidation phase.  Fundamentally …

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Nifty

Market losing momentum

New year 2017 has been good for traders until now and even on monthly chart gave strong reversal for investors. But the rally couldnt be without any hiccups and we are going to have one. 8530-8980 was my range mentioned in last post , but couldnt touch the high of the range but can get closer …

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Nifty

Achhe Din aa Gaye!

“Achhe Din aayenge” had been most chanted  slogan around India Since 2013 but now actually “Achhe Din aa Gaye” in last two months. Though Demonetization has been criticized by most the population of India but thats because short term pain they went through during Nov-Dec. But as saying goes “सब्र का फल मीठा होता है” , we as a responsible …

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Nifty

Traders Pocket may get more Fatty!

Traders got their pockets Fattier this expiry after a long time but this MAY NOT be end. Budget to decided whether “Traders pocket would get more Fatty”! .  I did expect Nifty to touch this high two weeks back at my post: “Bottom’s up for Short term trader” where tgts were 8445/8563/8712 and we are just left with the last …

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Nifty

“Bottom’s up” for Short term trader

Before you get my title wrongly, what i meant was that Nifty has given a Double Bottom confirmation for Short term trader which has taken traders on a high in quick time. In my previous post my target for traders was 8,250 which was achieved 2 days back but i was waiting for Double Bottom breakout confirmation whose neckline …

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Nifty

Bulls take it over on last day

Nifty was in a confused box just two days ahead of expiry but bulls took it over at the last moment to prove Positive divergence as i mentioned before. Though after yesterdays Dragon Fly Doji on Daily chart of Nifty many would have initiated a short trade…. Am i right??…But i didnt….Why and how did i get right?…because this was the …

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Nifty

Confused Box!

Nifty has been pretty volatile in the range of 7900-8300 but the strategy is working well for the spread traders as i recommend in the previous post: ” Go long on stocks and short on index for next two expiry”…..And even long term investors are safe as they were recommended to buy PUTs on each rise…but short …

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Nifty

What would be the “Peak”?

Markets have been playing between Demonetization and Global Rally, making it difficult for Analyst like me. Though until now it has been perfectly moving as i predicted in last few posts but still traders want me to give them exact point of Trades on #Nifty and am sure other analyst friend out there would agree …

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Can 3:30pm tomorrow be a morning for traders ?

Ah….you might be thinking that i have gone nuts…”how can a afternoon be a morning”???…But for Nifty Traders that can come true….Tomorrow being a weekly close, i just spotted a possible reversal pattern on Nifty Weekly charts which is known as Morning star pattern but the close tomorrow would be the game decider. Lets first look at the following weekly …

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Nifty

Two close Confirmation

Nifty has been “Demonetizing” itself since 9th Nov and it has now triggered my much expected Short call Below 200 day SMA with two consecutive close below it. Though many safe traders wait for a third confirmation but i preferred to go short today itself as a intimated in my previous post. Previously recommended Strategy: So …

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