Indicator
-----------------------------
Nifty Monthly Oversold (Bearish below 5222)
Nifty Weekly Bearish (Bearish below 5000)
Nifty Daily Bearish (Bearish below 4900)
Nifty Hourly Bearish (Bearish below 4886)
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5054(LEMA) (TREND UP ABOVE 5244)
Nifty Weekly Long above 5166(HEMA) and 4888(LEMA) (TREND UP ABOVE 5000)
Nifty Daily Long above 5046(HEMA) and 4943(LEMA) (TREND UP ABOVE 4981)
Nifty Hourly Long above 4913(HEMA) and 4869(LEMA) (TREND UP ABOVE 4886)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5043 -stay short
Nifty Daily JNSAR 5046 -stay short
Nifty Hourly JNSAR 4906 -stay short
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 85 max 4953 min 4782
STOP LOSS 15-20 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4700/4800
Resistance 5100/5200
Trade Conclusion
--------------------------------
Only above 5000, maintain long position .........
Nifty may face resistance at 4935-4950-5010
Nifty may face support at 4718 -4821
Below 4800 => Extremely bearish
Pullback can happen around these levels. Aggresive long can be taken with strict stoploss.explained in Fib Chart
Stop-loss is an essential risk control mechanism and it should always be there.
Part booking help you to manage risk.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
1.Nifty Immediate trend is down until 5000 is protected.
2.Upward movement will face resistance 4950 /5040 level.
3.Weekly indicator is about to give bearish reversal=> further downside will lead extremely bearish scenario.
4.Weekly SAR -5145
5.Bollinger band -until 5300 is protected , overall trend remain down.
6.volume chart- 4930-4945/5040 will provide stiff resistance for upward movement.
8.EMA -we are trading below all critical ema .
Indicator
-----------------------------
Nifty Monthly Oversold -Bearish (until 5350)
Nifty Weekly Bullish (bearish below 4900)
Nifty Daily Bearish
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5244)
Nifty Weekly Long above 5166(HEMA) and 4923(LEMA) (TREND UP ABOVE 5014)
Nifty Daily Long above 5104(HEMA) and 5037(LEMA) (TREND UP ABOVE 5041)
Nifty Hourly Long above 5020(HEMA) and 4986(LEMA) (TREND UP ABOVE 4992)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5047 -stay short
Nifty Daily JNSAR 5060 -stay long
Nifty Hourly JNSAR 5063 -stay long
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 91 max 4832 min 5014
STOP LOSS 15-20 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4700/4800
Resistance 5100/5200
Trade Conclusion
--------------------------------
Only above 5045-5060, maintain long position .........
Nifty may face resistance at 4932-4957 /5011
Below 4910 /4890 => Extremely bearish
Pullback can happen around these levels. Add short on pullback.
Stop-loss is an essential risk control mechanism and it should always be there.
Part booking help you to manage risk.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
Indicator
-----------------------------
Nifty Monthly Oversold -Bearish (until 5350)
Nifty Weekly Bullish
Nifty Daily Bullish
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5310)
Nifty Weekly Long above 5166(HEMA) and 4951(LEMA) (TREND UP ABOVE 5080)
Nifty Daily Long above 5126(HEMA) and 5045(LEMA) (TREND UP ABOVE 5094)
Nifty Hourly Long above 5141(HEMA) and 5096(LEMA) (TREND UP ABOVE 5129)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5081 -stay long
Nifty Daily JNSAR 5033 -stay long
Nifty Hourly JNSAR 5127 -stay long
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 72 max 5061 min 5205
STOP LOSS 15 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4900/5000
Resistance 5200/5300
Trade Conclusion
--------------------------------
Above 5075, maintain long position .........
Elliot Wave and Fibonacci Suggesting , we may travel to 5200/5350. (Valid above 5075)
Nifty may face resistance at 5175-5210 /5325-5350
If Nifty closes above 5180 Buy 5300CE (Current Expiry)
Below 4910 /4890 => Extremely bearish
Stop-loss is an essential risk control mechanism and it should always be there.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
Indicator
-----------------------------
Nifty Monthly Oversold -Bearish (until 5350)
Nifty Weekly Bullish
Nifty Daily Bullish
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5312)
Nifty Weekly Long above 5160(HEMA) and 4951(LEMA) (TREND UP ABOVE 5083)
Nifty Daily Long above 5105(HEMA) and 5013(LEMA) (TREND UP ABOVE 5075)
Nifty Hourly Long above 5120(HEMA) and 5096(LEMA) (TREND UP ABOVE 5113)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5053 -stay long
Nifty Daily JNSAR 5033 -stay long
Nifty Hourly JNSAR 5077 -stay long
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 72 max 5067 min 5212
STOP LOSS 15 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4900/5000
Resistance 5200/5300
Trade Conclusion
--------------------------------
Above 5075, maintain long position .........
Elliot Wave and Fibonacci Suggesting , we may travel to 5200/5350. (Valid above 5075)
Nifty may face resistance at 5175-5210 /5325-5350
If Nifty closes above 5180 Buy 5300CE (Current Expiry)
Below 4910 /4890 => Extremely bearish
Stop-loss is an essential risk control mechanism and it should always be there.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
Indicator
-----------------------------
Nifty Monthly Oversold -Bearish
Nifty Weekly Bullish
Nifty Daily Bullish (About to turn bearish)
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5276)
Nifty Weekly Long above 5131(HEMA) and 4951(LEMA) (TREND UP ABOVE 5047)
Nifty Daily Long above 5081(HEMA) and 5001(LEMA) (TREND UP ABOVE 5042)
Nifty Hourly Long above 5049(HEMA) and 5029(LEMA) (TREND UP ABOVE 5039)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5049 -stay short
Nifty Daily JNSAR 5022 -stay long
Nifty Hourly JNSAR 5056 -stay short
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 64 max 5096 min 4967
STOP LOSS 10 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4900/5000
Resistance 5100/5200
Trade Conclusion
--------------------------------
Above 5060, maintain long position .........
Elliot Wave and Fibonacci Suggesting , we may travel to 5200/5350. (Valid above 5060)
Nifty may face resistance at 5175-5210 /5325-5350
Below 4910 /4890 => Extremely bearish
Stop-loss is an essential risk control mechanism and it should always be there.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
Indicator
-----------------------------
Nifty Monthly Oversold -Bearish
Nifty Weekly Bullish
Nifty Daily Bullish (Below 5060 Bearish)
Trend Indicator
--------------------------------
Nifty Monthly Long above 5526(HEMA) and 5081(LEMA) (TREND UP ABOVE 5294)
Nifty Weekly Long above 5164(HEMA) and 4917(LEMA) (TREND UP ABOVE 5054)
Nifty Daily Long above 5090(HEMA) and 4992(LEMA) (TREND UP ABOVE 5047)
Nifty Hourly Long above 5114(HEMA) and 5079(LEMA) (TREND UP ABOVE 5094)
JNSAR
---------------------------------------
Nifty Weekly JNSAR 5081 -stay short
Nifty Daily JNSAR 5020 -stay long
Nifty Hourly JNSAR 5090 -stay short
Nifty Havala Level
-----------------------------------------------
4840 (August Closing)
Nifty Aggressive Trading
---------------------------------
Range 64 max 5148 min 5019
STOP LOSS 10 points only.
Support and Resistance
--------------------
4680-4784-4810-4865-4951-(5006-5011)-5057-5114-5182-5225-5296-5350-5393-(5433-5460)-5490-5502-5532-5539-5550-5580-5606-5616-5630-5658-5667-5729-5754-5775-5865-(5940-5965)-6090-6175-6250-(6325-6350)
Open Interest
-----------------------
Support 4900/5000
Resistance 5100/5200
Trade Conclusion
--------------------------------
Above 5060, maintain long position .........
Elliot Wave and Fibonacci Suggesting , we may travel to 5200/5350. (Stoploss 5040/5060)
Nifty may face resistance at 5175-5210 /5325-5350
Below 4910 /4890 => Extremely bearish
Stop-loss is an essential risk control mechanism and it should always be there.
Hope that helps .Take care .Have a happy trading.
Bank Nifty Analysis on http://tradeinbankonly.blogspot.com
1.Minor retracement 0.382 or less is indication of strength and it point of leg go along with the trend.
2.If retracement exceeds 0.786 is an indication of change in trend .
3.Fibonacci is predictive and not lagging.
4.Fibonacci adapts to volatility and exists in all time frame.
5.Symmetry move- predicts where market may likely to go.Similarity or equality when comparing swings in the same direction. Also called a “measured move.”
6.161.8 should coincide with critical support and resiatance zone (Go against the trend with strict stop loss)
7.If market break through the structure ,123.6 is tagrget (70%)
8.If market break the structure 123.6 ,161.8 is tagrget (50%) -always trade with minimum position
9.Two things happen at 123.6 -Consildation and reversal./consolidate and continuation
10. Take action only if one of the below is available at Fib Ratio
a.Resistance and support
b.pivot
c.Symmetry
d.trendline
11.When RSI rebounds from overbought and oversold region ,it will not touch the same height (at least not immediately.)-slingshot trade
12.At 123.6 /161.8 look for area of confluence of ratio for possibly going against the trend.-Confluence trade
13.Enter a counter trade in death zone ,Buy on dip between 0.50 and Golden Ratio (0.618) stoploss(0.786) -Pullback trade
14. A corrective pattern than can appear after either a bull or bear trend.
Completion of the pattern generally signals resumption of the trend. Also known as an
ABC correction or a Gartley pattern (an ABC correction with very specific Fibonacci
ratios). Called “two-step” because it has two swings against the prevailing trend.-Two-step pattern
 |
Two step pattern
|
