Get started

Niftytrading

Nifty Forecast: Teasing a short-term bull breakout Nifty’s recovery from Rs.10,557 has neutralized the immediate bearish outlook put forward by rising wedge breakdown and the short-term outlook would turn bullish should the price find acceptance above Rs.10,786 (today’s high). The 50-share index closed 0.19 percent on the day at Rs.10,753, keeping the descending broadening channel intact, as seen in the 4-hour chart below. The Fibonacci EMAs are beginning to curl up in favor of the bulls. More importantly, 8EMA is located above other EMAs, indicating bullish intraday outlook. . Further, Nifty is sitting well above the Fibonacci MAs, which are beginning to align in favor of the bulls. The 14-day relative strength index (RSI) is biased to the bulls (above 50.00). So, Nifty will likely cross resistance at Rs.10,786 on Friday, confirming an upside break of the descending broadening channel - short-term bearish-to-bullish trend change. However, if Nifty remains trapped in a descending broadening channel, then the focus would shift on the rising wedge breakdown. The longer the break above Rs.10,786 remains elusive, the more emboldened the bears will become and higher will be the risk of a sell-off to Rs. 10,400 (support of the trendline sloping upwards from February 2016 low and December 2016 low. View A confirmation of a descending broadening channel breakout is likely and would open up upside towards Rs. 11,000. After all, the long-term remains bullish while Nifty is holding above the rising trendline (drawn from Feb 2016 low and Dec 2016 low). Persistent failure to scale Rs. 10,786 would shift risk in favor of a drop to long-term rising trendline support of $10,786. Acceptance below the trendline would validate the rising wedge breakdown (bearish continuation pattern) and signal a long-term bearish-to-bullish trend change.
NSE:NIFTY
by OmiFX8
Nifty- What is Happening?- weekly reviewWe have seen profit booking is the last two trading session which was expected. I am still bullish on Nifty and my strategy will be buy on dips still it doesn't cross the H4 Trend line and daily support of 10428.Thanks to Mr. Trump and Syrian controversy that nifty will open gap down on Monday. I will recommend buy on dips. Recommendation- buy Only near 10425 with the stoploss 10380 For Target 10550 Below 10380 Nifty Will be very week.
NSE:NIFTY
by NileshChavan
Nifty Analysis & outlookThe previous high nifty made was @ 10137 on 2nd August 2017. Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number). If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws). If it tests 10137 it may retrace to support @ 9983-10000 before it breaks out of the 10150, which I see at intraday buy opportunity. To conclude, a break out above 10150 with good volumes would make it a high probability trade (HPT), with great Risk to Reward ratio.
NSE:NIFTY
by SunnyPawar
NIFTY July FUT - Elliott Wave Analysis Greetings traders & readers, This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups. To learn more about the Premium trade setup (PTS). click the link below, www.mytradingcourses.com Now lets deal with the analysis in weekly time frame and just understand what is happening over there. We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently. The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time). Continued in our website and the same is free, www.mytradingcourses.com Feel free to ask for any clarifications through chat / comments in our website ( for instant response) and / or through our trading view Profile. If you feel that the analysis is worthy, please follow us on trading view to keep yourself updated with us & the markets. we need your support. Thanks for reading the article Regards, Dinesh. R Senior Technical analyst, LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NSE:NIFTYShort
by DineshKrishna
3
Nifty : False Channel Breakout or Early Breakout ??Let's start with Britain's referendum polls. No one is sure what will be poll results, Its Neck to neck between BRemain & Brexit. What Nifty will do inline with poll results ? If Bremain happens - Nifty Gap Up ; If Brexit - Nifty Gap Down. Rare case : There is possibility of Nifty ignoring the result as India has some vested interest in both scenarios Coming back to charts, we have channeling and price ranging for past few days between 8000 to 8300. Today the upper trendline broke and we have solid close above trendline. This can be false breakout or early breakout for bullish run, cant say with much confirmation as the channel is still in formation. If Upper Breakout is valid, then Nifty will try to fill previous gap @8350's but if markets are in full bullish momentum & didnt face any resistance around 8350's , it will straight away go for 8500's - small pullback -then 8600's. On Downside Nifty has very strong support @8000's,but some valid fundamental thing needs to happen to break this level sooner or later to retest 7500-7700's. After that markets will touch 9000 mark. If 9000 happens straightaway that it will be fragile. Dont miss to note the double top @8295, which means market can move lower if Double top works.Both these scenario's gets complex with Brexit poll news. So wait till results then look at charts to make a decision. Please Hit Likes which encourages to post more Idea's... Happy Trading !
NSE:NIFTY
by InsiderB
9
NIFTY JUN FUTURES - Elliott Perspective Greetings Traders & readers, ONE Happy news for all, from this month we are about to release FREE insights on NIFTY FUTURES for current contract, in the beginning of every month - starting today...! As you can see from the chart we are about to discuss the analysis on NIFTY in weekly time frames but before that lets also take as deep look at the monthly charts over here, From which one can observe four consecutive months of Rally lifting it from the depressions of 2015 But the entire move as we have discussed is purely corrective in its existence. Don't you think that the market is up for a correction now and lets have a clear insight about what's happening : The Wave 1 as it is earlier described in previous Posts have been developing into an Leading diagonal and this consists of corrective waves replacing impulse waves in their respective places, here it is triple threes in weekly time frames as you can see from the weekly chart, However we have something to be discussed in detail without which the analysis is incomplete and that is to dig deeper in daily charts and we have carried the same in our website with a Video explanation - A freebie, do check it out here, www.mytradingcourses.com ( few Questions of users are also being answered in the video on Previous analysis) Our humble request to all visiting our website/ trading view profile, Please support Us - we are not charging for this analysis and we want to keep it that way, so lend us your hand as support...! share this post if you can, spread the word - a word from mouth is really helpful and like us in FB & Follow us in trading view Thanks in advance...! Thank you for reading the article Regards, Dinesh - senior technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm
NSE:NIFTYShort
by DineshKrishna
6
Nifty - Sum of all factors - An Elliott Perspective Sorry for the discontinuity as we were engaged in some other obsessions Now to the Analysis, You never understand a movie by missing a half of it , so don't miss it THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here, After that do revisit this ANALYSIS, Each & every trader will definitely find this analysis compelling to read & understand The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as Elliott has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Leading diagonal Triangle. Trade Accordingly at each levels of individual waves & at this point.... Thanks for your time Dinesh -Senior Technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading education & Training firm
NSE:NIFTYShort
by DineshKrishna
14
Nifty ::: Expected to Sink ::: Risk CallNifty is expected to sink now. There are many reason why we feel it may sink. 01. It is already trading below quarterly Target 03. 02. Bearish Engulfing in weekly chart 03. To sink and come near 6943 to 6880 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. As we have budget this week it is a risk to trade Nifty our view is 6943 to 6880. We are expecting this to happen on budget day that is 29 Feb 2016. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing. [/b
NSE:NIFTYShort
by ajithchand-bhandaari
NIFTY ELLIOTT WAVE TECHNICAL ANALYSIS Continuing from the monthly forecasts in the website, an elliott wave analyst can observe the same as we do, the nifty peaked at an all time high of 9119.2 on mar 2015, the downfall is around a year and when will it end...? obviously an traditional trader doesn't have answer for this question but the perspective that elliott offfers is significant & different and we can observe that wave 3 had peaked at the areas of 9119 and from thereon wave 4 decline has began and within the three wave general structure we can identify a complex triple three w,x,y & z in it and the final wave among them is being unfolded and it had an expansion within itself to be another triple three and within one lesser degree expansion we can find even other degree of expansion in (y) wave and it have been finished recently and the interim rally that we are facing now is for the (x) wave seperating (y) & (z) and the projections for the (x) wave is very subtle yet it has many layers of resistances..., To find out the exact turning point of (x) wave read our analysis below this degree (IN DAILY CHARTS for free from here), click here to read it now.. www.mytradingcourses.com The ultimate downfall target is 61.8% of previous wave 3 rally and this explains why there are this many stages of expansions within the currently unfolding 4th wave.( The target & volatility determines the rate of Expansion ). DINESH - SENIOR TECHNICAL ANALYST LEADBRAINS FSL - www.mytradingcourses.com - Trading education & Training firm
NSE:NIFTYLong
by DineshKrishna
8
NIFTY LONG Nifty0.26% has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY0.26% to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 7330 to 7365 levels.the same has been confirmed by Stoch RSI , RSI & CCI . The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please consult your personal financial advisor before investing. We are not responsible for your gains/losses what so ever.
NSE:NIFTYLong
by ajithchand-bhandaari
Nifty ::: LONG:::Nifty expected to rise. Nifty has formed a BULLISH HARAMI on weekly basis. We are expecting NIFTY to gap up on Monday and may stay long through the futures expiry on 25 February 2015. futures may touch 8330 to 8365 levels.the same has been confirmed by Stoch RSI , RSI & CCI. The above is our personal view. It is not a tip, Nor a proposal to buy/sell , Please consult your personal financial advisor before investing. We are not responsible for your gains/losses what so ever.
NSE:NIFTYLong
by ajithchand-bhandaari
2