Sunday, December 23, 2012

Elliott Wave & Technical Analysis for Nifty

One can check couple of previous Posts to get the Trading insight and EW Counts being followed . Check charts there for developing Negative Diversions appearing in the resistance zone of 5950-70 starting for 10 min and moving to Hourly and Daily time frame and now in Weekly .
The Charts and Observations have been updated below. -

Sunday, December 2, 2012

Elliott Wave & Technical Analysis for Nifty

The short term correction ended at apprx. 5548 level from where the uptrend started again. Please check the Post written at the start of November series for the insight where a likely target for the correction was expected near 5550 and then upmove to resume for higher targets - CLICK HERE

Prices went to test and whipsaw 50dma but respected the Trendline support as shown in the last post . The last week update in the comment section mentioned- 

Sunday, November 18, 2012

Nifty Update

Nifty has closed below 50dma level now at 5625 apprx., making it weak and sell on rise market in the short term . Please check the chart and comments on it .

Monday, November 12, 2012

Sunday, November 4, 2012

Sunday, October 28, 2012

Elliott Wave & Technical Analysis for Nifty

Nifty continues in the corrective mode as the insight analyzed from last many weeks . Below are charts with comments for the probability that may lie in future. Please go through them carefully.

Sunday, October 21, 2012

Update for Nifty Trading

Markets were in sideways corrective mode last week . The insight of correction continues this week also as perceived since the start of the Month. 5730 remained unconquered in the sideways markets as analyzed last week . 

Sunday, October 14, 2012

Sunday, October 7, 2012

Elliott Wave & Technical Analysis for Nifty

The rally is now showing some signs of exhaustion in short term . Indicator diversions , candlestick formations , Pattern , Trendlines and Options data along with EW count probability are suggesting that a correction may set in. 

Sunday, September 16, 2012

Elliott Wave & Technical Analysis for Nifty

The bounce materialized from the support zone of 5220-5190 . The short term Uptrend looks strong but is it a corrective bounce only or something bigger ?. Lets check out the probabilities -

Sunday, September 2, 2012

Elliott Wave & Technical Analysis for Nifty

Last week's update showed negative divergences in various time frames and Market respected them to move down the whole week . Now this leg of downmove may be nearing an end in the short term . We looks at the probability now -

Sunday, August 26, 2012

Trading Nifty

Nifty is slowly grinding up on weekly basis with no correction of consequence . The indicators in different time frames are showing negative diversions wrt the price movement along with a completion of a wave count . What to expect next -

Sunday, August 12, 2012

Technical Analysis and Elliott Wave Update for Nifty

Markets reacted from apprx. the Resistance zone given in last post of 5380-95. Now the closes after that have been above 5300 and the down sessions have been on comparable lower volumes. The Weekly close has been neutral . Lets check out the probabilities and factors supporting both the causes.

Sunday, August 5, 2012

Elliott Wave Update for Nifty

Nifty reacted from the resistance zone of 5225-5265 as seen in the last post . The downside was not much and almost paired the losses completely. Now let us check the probability that may be unfolding in the short term -

Sunday, July 29, 2012

Technical Analysis for Nifty

First session of the last week took out the Monthly low of 5169 till then, bringing in weakness and trapping series long which culminated in the series expiry towards the low and in the process whipsawed the 200dma /5095 on closing basis on expiry day . Lets now see the technical picture in different time frames -

Sunday, July 22, 2012

Trading Nifty

It has been a choppy , low range , low volatility Market since the start of July series. The Monthly range so far has been a poor 180 points apprx. Since last few months ,after making a top at 5630, we are seeing the trading with no followups of any breakouts on either side , important levels and averages being whipsawed , range bound short term trading and now small daily ranges and low volatility. It has been a boring market to trade lately .

Sunday, July 15, 2012

Elliott wave & TA update for Nifty

Further to the last post , EW Probabilities in Long Term and an Update for Short Term trading is given below . Read the observations given in the charts carefully .

Wednesday, July 4, 2012

Technical Analysis & Elliott Wave Update for Nifty

We have completed half year trading of 2012 . Lets check out Nifty in different time frames along with probable Elliott wave counts , Indicators , Patterns ,Trendlines and associated data for what lies ahead .

Sunday, June 3, 2012

Technical Analysis for Nifty

Nifty is in clear downtrend from last few weeks and is unable to close above critical levels mentioned in the previous posts to give any reversal . Lets check what's in store for next week with charts and observations :


Saturday, May 5, 2012

Super Moon of 2012

On Saturday night, the near perfect timing of two celestial events will make the moon appear larger and brighter in the night sky. This is called a "supermoon."

A supermoon occurs when a full moon coincides with the moon being closest to Earth in its orbit, also known as perigee. Saturday's supermoon will be as much as brighter and bigger than other full moons in 2012, according to NASA .

### ( India will witness it on Sunday ,9.00 pm apprx.)

The Secret

The Universal Laws

Sunday, April 22, 2012

Technical Analysis for Nifty

For the whole Month of April till now the range of Nifty is just apprx. 200 points even with important events as Results and RBI policy etc gone by . It may be making most traders uncomfortable as this sideways , low range and low volume Market tends to whipsaws all trading systems. Below are some charts with observations.

Tuesday, April 17, 2012

Tweets for Nifty Trading

RBI policy was announced today and setup posted yesterday gave a good trade on long side . Below are few Tweets done as observation in the runup to the RBI event .

13-04-12 :


Hope they helped !!!

Join me on Twitter for Post Updates and Lot more -

Monday, April 16, 2012

Trade the Nifty Chart

The RBI policy is to be announced tomorrow. A simple trade set up with Entry and Stoploss given along with a SAR level to be managed in case of a whipsaw. The move tomorrow may be the base for a trending move in short term.

Sunday, April 15, 2012

Technical Analysis for Nifty

Markets have been consolidating (or is it distribution ?) since a month and a half after the recent high of 5630 was made. With RBI policy coming out on 17-04-12 , Markets may also start to come out of this phase and show the way to a trending phase in short term.

Saturday, April 14, 2012

The Art of being Well

Dialling Wrong Numbers

FD beats Equity Investment !!!

An article in ET suggests that for a time period of last 20 years Stock Markets have underperformed Fixed Deposits. The article is an eye opener for Long Term investing and underlines the need for Timing and Active portfolio management for Investors.

Check the article at - The Economic Times  

Friday, April 13, 2012

Follow me on Twitter for Nifty Watch


 Follow me on Twitter for Auto update of Posts and Lots more !!!

Monday -09-04-12:

 Chart updated with observations . Open was below SAR 5320 and now may be in last leg of ST correction . 5195-5225 is a low risk zone for longs which will be counter trend as of now (look for reversal signals in lower TF ) so caution for position sizing and stoploss.

Wednesday - 11-04-12 :

Nifty Watch :

Monday, April 9, 2012

Nifty Trading

Chart updated with observations . Open was below SAR 5320 and now may be in last leg of ST correction . 5195-5225 is a low risk zone for longs which will be counter trend as of now (look for reversal signals in lower TF ) so caution for position sizing and stoploss. ST bias is down now.

A probability of this being the A leg since 5378 (in a-b-c subwaves ) and correction further extending after doing a B up remains . Close above Down Trendline confirms the end of correction.

Any break of lower trendline which will also break the 200dma has further bearish consequences. 

Nifty closes below Daily S3

When Nifty index closes below Support level 3 on Monday

With a decline of  88.5  points (1.66 %) , and Nifty index closing below Support level 3 , no doubt it is terrible start to the week for S&P Nifty index. We looked at the instances when Nifty index closes below Support level 3 ( as calculated with classic pivot formula ) , what is the likely-hood of weekly closing.  Below is the table of all the prior instances where Monday saw a close below S3 level and the Nifty index change for the reminder of the week. This is 18th instance where Nifty had closed below S3 level at the start of the week. The average change for the remainder of the week stands at 1.58%. with 13 out of the 17 trades giving profits when went long at close.

Courtesy : Stocksiq