Dear All,
Let's Welcome the New Year 2023 - for Indices Trading - Specially NIFTY Trades.
Will try to De Code the Maximum Success in coming Year with Nifty Futures & Options.
Follow us in Telegram - N4A.
Wish you all our Readers / Members a Very Success full Year ahead with Profitable Trading experience.
N4A - Krish.Venkatesh
>>> NIFTY 15 Min Chart <<<
Very Crucial Support @ 18130 and 18000
>>> BANKNIFTY - 15 Min Chart <<<
Crucial Support @ 43000 & 42900, Break below may test 42500.
Dear All,
> NIFTY FUTURES 5 Min Chart <
> BANKNIFTY 5 Min Chart <
Dear All,
> NIFTY Daily Chart <
Choppy Trade with lot of Volatile Gap Up and Down may continue. 18330 / 18350 above may trigger a move towards 18440 / 18490.
> NIFTY Hourly Chart <
> BANK NIFTY
Dear All,
Key Resistance 18440 / 18470 / 18500 must cross, Else may Consolidate and correct. I have Short Position. Lets See. Cheers!!!
Dear All,
> NIFTY HOURLY CHART <
Today's Support @ 17970 and the pattern has confirmed a 5th wave bounce pending. Possible to test 18290 & 18490 also. Key Resistance @ 18170 & 18225 must cross to achieve the above target. Else Selling may start again.
Disc :- Holding Long.
Cheers
Dear All,
> Bank NIFTY Futures Hourly Chart <
Looks Currently Rally might have topped out, If breaks below 41635 & 41270 breaks, May trigger Sell off. Lets See.
Dear All,
Comments are Inside the Chart.
> NIFTY Hourly Chart <
>BANK NIFTY Hourly Chart <
Dear All,
> NIFTY 15 Mins Chart <
I was a Victim of current volatility, hit and misses of last few trades, Either Trail SL or SL hit.
Tried to Decode the current move, Support 16900 or 16850 may get tested by tomorrow.
I don't have any position, Kindly avoid any trade based on this. due to volatile.
I feel that even if there is any gap up tomorrow, may be sold out to test the given support.
Lets see.
Dear All,
> NIFTY Daily Chart <
As usual its a Volatile Session, more yet to come. Because most waves are irregular or abnormal pattern, makes more difficult, hence more caution needed to trade.
Big Social media debate going in favor of Bull Vs Bear. Global Indices are Red and Our Indices yet to respond to bear. When FED Raises rate to Strengthen their Dollar Dominance, Others are forced to raise the rate or to Sell their Forex Reserve or to sell their Dollar Reserves to stabilize their Currency.
My Personnel View is US Govt., is Purposefully waging a Economic War against all countries to emerge themselves are global leader. If So they will continue to hike rate till their goal is achieved.
Finally a Strong one will survive in this Dollar Game. I hope India will, as our Economic data are strong enough with rich dollar kittle. So no fear of Deep Correction or any Black Swan Event to happen to us. .
> NIFTY Hourly Chart <
its an Alternative count, though bullish. As mentioned - the entire move is a 3-3-3-3-3 Pattern. If so, Current Wave may be a 3 Wave Upmove. 17090 may take Support for a bounce back
> NIFTY 15 min Chart <
Last Week bounce was an irregular pattern, Immediate support @ 17210 & 17140 must give support. But so far SGX Nifty made a low of 17070. So fingers Crossed.
> Bank Nifty Daily Chart <
As like NIFTY - 4th wave is done and 100 DMA supported.
> BANK NIFTY Hourly <
Possibilities, if support held may rally again on Monday
Dear All,
> NIFTY Hourly Chart <
Entire Week was really tuff, as the Indices drops with +ve Divergence till Thursday Expiry. Might be to Squeeze the Option Premium.
Friday Low 16750 might be a bottom as there is lot of changes in OI. A good upmove expected if the global cues support.
> Nifty 5 Min Chart <
On 5 Min Chart, there is a Probability of hitting the lower channel for abc consolidation on the downside. Key Support 17060 / 17000 / 16970 must hold to valid this analysis. Else it may negate or Nifty may dip lower also.
Note :- there are many more alternatives at present, discussed above is one among them.
> Bank Nifty Chart <
Bank Nifty has many alternatives and given here is a Bullish Scenario, hence key Resistance @ 39000 & 39600 must test and cross above for further rally. In between lot of consolidation possible.
> PHARMA Daily Chart <
Pharma Index has given a Flag Pattern Break out, Hence a 1000 Pts Rally possible soon. Watch below given Pharma Stocks.
> GLENMARK Weekly Chart <
Glenmark is Waiting to Explode if the above Key Resistance get Crossed, a Well beaten down Pharm stock.
> NIFTY IT Index - Hourly Chart <
Have discussed about IT Index and Stocks few days before. Possibly may break out this week to support NIFTY to rally. Have advised INFY also. Given below.
> INFY - Hourly Chart <
Holding Long. Watch Support & Resistance.
Dear All,
Its a Consolidation move as ABCDE inside a expanding triangle.
My Long today hit SL, though i kept in a tight range. Sudden change in Divergence is a biggest trouble in this move. Hope this move may continue till thursday. Tomorrow 17140 / 17190 may offer a selling chance again. Lets See. Cheers!!!
Dear All,
Its a Harsh Sentiments with Sell off - Very difficult to follow up trade with Divergence from Indicators.
OI data Suggest a Good Support @ 17000, If 17000 Holds, may see a minor Pull Back Rally. I don't have any Longs now.
Dear All,
September Month was so Volatile and devastating month so far, Gap Up and Gap Down makes us struggling to manage the existing position and for fresh entry also. This move is really a Consolidation phase as 3-3-3-3-3 which don't follow any proper retracement rules or Corrective structure also. This week I have elaborated some major indices move and what can be the possible move next.
> NIFTY HOURLY CHART <
So far Nifty has completed 50% of this Consolidation. As i have mentioned above, Monday and Tuesday are crucial, as the support 17260 & 17160 Must Hold. Else this analysis negated and fall to continue.
> BANK NIFTY HOURLY CHART <
Bank Stocks might give a Break out rally if Bank Nifty holds the support 39420. Bank Nifty decides most of the market move including NIFTY50 as many bank stocks have higher weightage and move Nifty also. So its very important for Bank NIFTY to hold for the benefit of entire Market.
> NIFTY IT DAILY CHART <
Rising Fed Rates worried Indian IT Stocks.
On March 2020 - from 11990 - to 39446 on Jan 2022, Now Corrected till 26500 may See a Short Term Bounce as mentioned above. IT Support is much needed for Market to stabilize.
> NIFTY METAL DAILY CHART <
Metal Index - may get channel support and Tata Steel consolidation news also. Support @ 6010.
Dear All,
Have booked my Longs today Morning, as I felt todays Upmove was a Corrective in Nature.
Today I have shorted and I feel if given support breaks we may drift down badly below 17640.
Current Move giving a Gap up or Gap down makes very difficult to take an entry and carry Over night.
Correct Entry / Exit will help to survive. Let's See how market Open tomorrow,
Will I able to Book a Profit ? Lets See. Cheers!!!
Dear All,
NIFTY Hourly Chart :-
Key Support @ 17500 & 17360. On a Bullish View, We might have ended Wave2 of 5th Wave, Hence If the given support holds, we may see a Up Move next week.
Bank NIFTY Chart :-
Entire world in Negative in Equity Market, But Bank Nifty is not such negative till date. A bit of consolidation for wave 4 Possible as per above 15 Min chart. Lets see.
Dear All,
Going to be a Buy on dip, Crucial support and resistance to be noted down.
Cheers!!!
Dear All,
Is this a Bullish Flag Pattern ?. Lets wait for the Support to Hold. We need a Confirmation tomorrow !!!
Lets Wait for Support 17750 to Hold & US market to show some sign for a Normal Opening tomorrow.
Dear All,
I'm Holding Short in NIFTY
Watch Key Support 17630 for a fall till 17450.
Dear All,
Dear All,
Huge Premium in Sep Month Nifty Contract shows Long Build Up. Don't know those Long will get covered next week.
I'm Holding Short and will look for a support to cover near 17080-90. Good Day.
Dear All,
I had a Short Position and today saw a fast fall.
Most probably Nifty may take a fast route to fall again, may test 1 to 4 Target given above. Im waiting for my Target Soon.
Dear All,
All Comments are in Chart. Last Update was similar to this on Nifty Chart. Lets Wait and see till we get a clear Picture.
Dear All,
Key Resistance @ 17600 & 17750.
Not Sure this may Happen, But Probable Wave Analysis suggesting a Deep Cut.
It might be a Domestic Problems or Geo Political Issues. Some Negative News may emerge in the month of Aug, Sep & Oct, 2022.
Lets Wait and See.
Dear All,
Watch Key Resistance for Next course of action. 16750 & 16840
Dear All,
>>> NIFTY Hourly Chart <<<
Dear All,
>>> NIFTY Hourly Chart <<<
