Technical Analysis for Nifty

The Markets had a typical short term turnaround in the end of the last week's trading. It catches most retail participants like a rabbit in a torch light ,frozen,surprised and a sense of disbelief . Mature traders having their systems in place are able to cut their wrong positions fast , some even reverse but foremost they save their trading capital and lock in their profits and let the price action decide their decision . Such reversals emphasize the importance of a trading system , sensitivity of it , rules set for trading and discipline to follow it.

"The Secret of winning the Big game is to loose the least amount possible when one is wrong  ".

Elliott Wave Analysis for Nifty

Charting the Elliott Wave counts this time seemed to be like watching the Hollywood flick , 'Vantage Point' , where an attempeted assassination of the American President is retold by several different perspectives of the eyewitness , One Truth and so many point of views. What the truth is here , will only be told by the time in future but the counts gave so many Bearish as well as Bullish perspectives that it emphasized the fact that Markets are uncertain and only prediction which will hold true is that - 

"The Markets are Unpredictable".

 

Interesting Charts - Nifty

This is a follow up of some of the relevant charts posted earlier, that have changed the structure in today's rally. The Markets gives some message with each day and each trade.

Trading is a Business of managing uncertainities. If there was a certainity in the Maket ,it will cease to exist . Acceptance of uncertainity is a virtue and reacting to it is the way to trade . We all trade our beliefs in the arena and have no control over the markets , but importantly we can control our actions and be hedged against our own beliefs . The most difficult part of trading is to manage oneself in realtime , trade the screen , control the risk and leave the bias when price action says it to . All this can only come if the rules of the trading system are set in place and above all are followed with discipline. Let no loss go without a lesson and be able to shake the confidence .Probabilities have to be traded but with proper risk management. Easier said than done, but that is why only a few succeed here.

You Cannot Change The Direction of the Wind , But You Can Adjust Your Sails !!!

 

How to Trade Nifty now ???

The Trend is 'Down' in Short term as well as Long Term for Nifty , Keeping this in mind , let us analyze the Probabilities indicated by Technical Analysis for the next Week.

Nifty : Astrology , Lunar Cycle, Time Cycle, Eclipse, Elliott Wave and Crash Ahead ???

Recently I have been reading about the coming Lunar Eclipse and tried to research about its effect on Stock Markets . This Post is compilation of resources from the Net covering the various aspects of Astrology , Lunar Cycles, Time Cycles , Lunar Eclipse etc . For me the topics are more of Paranormal Activities due to lack of my knowledge and understanding the same but of great interest too.

Technical Analysis for Nifty

Nifty has been trading largely in the 5400-5600 range since last five Weeks. This Week  may also see the larger part of the trade in this band . Let us have a Technical watch through various methods and co-relate to get a Trading Strategy for coming Week.
 

Jan LokPal Bill - Text & Analysis

For the first time in the 63 year history of our nation, the citizens have the opportunity to directly participate in the making of a law that will have significant and direct impact on their lives and the life of the nation. The country is today ridden by corruption. Whether it be routine transactions that involve the government or services and amenities and benefits provided through the public exchequer, the ordinary citizen pays a price daily in terms of harassment, delays, poor quality, absent infrastructure and in-equal access. What we need is an effective and independent institutional mechanism for tackling the malaise of corruption in this country. That institution is the Jan Lokpal.

India Against Corruption

"India Against Corruption" movement is an expression of collective anger of people of India against corruption. We have all come together to force/request/persuade/pressurize the Government to enact the Jan Lokpal Bill. We feel that if this Bill were enacted it would create an effective deterrence against corruption.

Nifty Analysis

The Markets are giving confusing signals. Let us check them out  and try to put in place a strategy to trade Nifty in the coming Week.