December 2016 – Nifty Prediction-Double Your Capital.

NIFTY SPOT LEVEL FOR 30/12/2016

Posted on December 29, 2016 by Dharamveer

NIFTY CLOSED ABOVE 8100 BULLS ON UPPER HAND.

SAR:8021NS.

NIFTY TAKEN SUPPORT @8021 END OF WAVE1(4) AND WAVE 1(5) STARTED, WE WENT LONG FROM 8040NS AND BOOKED PROFIT NEAR 8108 LEVEL.

NIFTY IS IN BUY MODE AS CROSS PREVIOUS HIGH AND SURPASS 8105 NOW TARGET CAN BE 8118 TO 8136 AS NEXT COMING RESISTANCE AS 1(5) NOT YET OVER.

NIFTY IF NOT ABLE TO SUSTAIN ABOVE 8150 THEN IT CAN MOVE DOWN TOWARDS 8080 TO 8040 LEVEL. BREAK OF 8021 CAN SEE 7985-7965 LEVEL.

ABOVE 8147 CAN SEE 8160-8170 LEVEL.

SO NIFTY IS NOW BUY ON DECLINE AS LONG 7895 LEVEL HOLDS FOR 8250-8275 LEVEL.

BELOW 7895 NEW SOUTHWARD JOURNEY WILL START.

TILL THEN HAPPY TRADING.

WISH YOU A WONDERFUL HAPPY NEW YEAR 2017.

BANK NIFTY SPOT FOR 29/12/2016

Posted on December 28, 2016 by Dharamveer

BANK NIFTY MAKES SHOOTING STAR AT EOD.

TODAY BNS DID 18030 LEVEL BUT UNABLE TO CLOSED ABOVE IT.

BUY ABOVE 18050BNS AND SELL BELOW 17800BNS.

BELOW 17700 WE CAN SEE 17450 LEVEL. ABOVE 18070 WE CAN SEE 18200-18450BNS.

NIFTY SPOT LEVEL FOR 29/12/2016

Posted on December 28, 2016 by Dharamveer

NIFTY DID 8100 AND REACT FROM OB ZONE MAKING SHOOTING STAR AT EOD.

SUPPORT NOW 8022- 7980-7960-7920.

SELL BELOW 8016NS AND BUY ABOVE 8105 NS.

ABOVE 8105 WE CAN SEE 8130 LEVEL.

AS PER EW :

WAVE 1(3) COMPLETED @8100 AND 1(4) IN PROGRESS CAN GO UPTO 8025-8002-7979-7962NS.

BELOW 7960 WE CAN SEE 7920-7905 LEVEL.

IF ABOVE EW IS CORRECT THEN 1(5) MUST GO ABOVE 8101 LEVEL.

NIFTY DAILY CHART SUGGEST 8130 LEVEL AS STRONG RESISTANCE.

BEING EXPIRY DAY LOT OF VOLATILITY WILL BE.

BANK NIFTY SPOT LEVEL FOR 28/12/2016

Posted on December 27, 2016 by Dharamveer

BANK NIFTY BOUNCE FROM OVERSOLD ZONE.

SAR:18030BNS.

YESTERDAY RSI GIVEN SIGNAL FOR BOUNCE AND SEE WHAT HAPPENED TODAY. BOUNCE 290 POINTS FROM DAYS LOW.

RESISTANCE :17970-18030 .

IF ABLE TO SUSTAIN ABOVE 18030 CAN SEE 18150-18200>18400 LEVEL.

BEARISH BELOW 17800.

NIFTY SPOT LEVEL FOR 28/12/2016

Posted on December 27, 2016 by Dharamveer

NIFTY ABLE TO HOLD 7900 AND BOUNCE 140 POINTS.

SAR:8047NS.

IN PREVIOUS POST MENTIONED IF NIFTY GOES BELOW 7900 AGAIN THEN BEARISH ELSE BOUNCE LIKELY.

WE ENTER LONG @7940 NS AND COVERED @8040 NS MADE 100 POINTS.

NOW RESISTANCE @8056-8061NS IF ABLE TO SUSTAIN ABOVE CAN SEE 8098-8108>8130NS.

BELOW 7940 BEARISH AND WE CAN SEE 7860 TO 7670 LEVEL.

SUPPORT NOW 8008-7980.

IF GAP DOWN OPENING BELOW 7980 SHORT FOR 7700-7670 LEVEL STOP 8010NS.

SO NIFTY IF OPEN FLAT AND HOLD 7980 LEVEL WILL VISIT 8100NS.

IF OPEN ABOVE 8061 GO LONG WITH STOP 8040 FOR 8100+.

OPTION:

MENTIONED YESTERDAY HOLDING 8300JAN CE TODAY ALMOST DOUBLED.

BUY CE WITH STOP 8000NS

BUY PE BELOW 7980NS.

BANK NIFTY SPOT LEVEL FOR 27/12/2016

Posted on December 26, 2016 by Dharamveer

BANK NIFTY BROKEN 17700 LEVEL AND AT OVERSOLD ZONE.

SAR:18100BNS.

RSI INDICATING BOUNCE SHOULD BE FROM HERE.

BUY ABOVE 17850 FOR 18070BNS AND SELL BELOW 17600 FOR 17400-17250 LEVEL.

NIFTY SPOT LEVEL FOR 27/12/2016

Posted on December 26, 2016 by Dharamveer

NIFTY SLIPS BELOW PREVIOUS LOW 7916 & BREAK NECKLINE.

SAR:8055.

IF TRADE BELOW 7900 AGAIN WE WILL HEAD TOWARDS 7860<7744-7700-7611 LEVEL. ELSE BOUNCE LIKELY.

TODAY WE SHORT AT OPEN AND COVERED NEAR 7900NS .

IF 5TH COMPLETED NEAR 7890 THEN POSSIBLE BOUNCE FOR 8100-8130NS ELSE WE CAN SEE 7770-7748NS IF GOES BELOW 7860NS.

RSI IS NOW BROKEN AND HEADING TOWARDS SOUTH DIRECTION INDICATING DEEP CORRECTION.

TODAY NO REVERSAL SIGNAL YET JUST EYE ON ABOVE LEVEL AND TRADE ACCORDINGLY.

OPTION:

WE TODAY BOUGHT PE AT OPEN AND BOOKED PROFIT NEAR 7900NS LEVEL.

HOLDING 8300CE AS CONTRA TRADE WITH STOP NOW 19.

BUY PE IF TRADE BELOW 7870NS STOP 7895NS.

BANK NIFTY SPOT LEVEL FOR 26/12/2016

Posted on December 25, 2016 by Dharamveer

BANK NIFTY SPOT TRADING BELOW 18200 .

SAR:18200BNS.

BANK NIFTY IF TRADE ABOVE 17980 CAN SEE 18150-18190 LEVEL.

SUPPORT :17800-17750-17700.

RSI SLIGHTLY TURNING UP.

BELOW 17700 IT CAN VISIT 17550-17230-17000 LEVEL.

ABOVE 17980 CAN BOUNCE UP TO 18190 AND ABOVE 18200 CAN VISIT 18400-18550 LEVEL.

BUY ABOVE 17900 BNS AND SELL BELOW 17800 WILL BE THE STRATEGY FOR MONDAY.

NIFTY SPOT LEVEL FOR 26/12/2016

Posted on December 25, 2016December 25, 2016 by Dharamveer

NIFTY HOLDING 7940 AND BOUNCE, SELL ON RISE TILL 8150NS.

SAR:8103NS.

SHORT TERM NIFTY HOLDING ABOVE 7940 CAN SEE BOUNCE TOWARDS 8130 LEVEL.

SUPPORT BELOW 7935 : 7916-7909-7900-7897<7860.

ONE CAN GO LONG POSITIONAL WITH STOP 7895NS FOR TARGET 8129-8149>8275NS.

CONSIDERING FALL FROM 8275 TO 7942 WAVE 1 TO 5 OVER . BELOW 7940 IT CAN FURTHER EXTENDED TILL 7900-7860 LEVEL.

ON FRIDAY WE BOOKED OUR SHORT NEAR 7945NS AND WENT LONG ABOVE 7970 NS & BOOKED PROFIT NEAR 8020NS.

FRESH SHORT NOW ONLY BELOW 7940NS OR NEAR 8150NS FOR TARGET 7916-7900-7860 LEVEL.

RSI SLIGHTLY TURNING UP DUE TO OVERSOLD ZONE

IF NIFTY CLOSED ABOVE 8103NS THEN HOLD LONG POSITION POSITIONALLY.

OPTION:

WE HAVE CLOSED OUT 8200PE TAKEN LONG FROM 87 AND CLEARED @ 210 LEVEL.

GIVEN CALL TO BUY 8300CE JAN @31 IT WENT UPTO 43+ AND BOOKED PART .

HOLD 8300CE WITH STOP 20 FOR TARGET 60-70 FOR NEXT TWO WEEKS.

BUY 7600JAN PE IF NIFTY FAILED TO TRADE ABOVE 7985NS. STOP 8010NS.

HAPPY CHRISTMAS 2016

Posted on December 24, 2016 by Dharamveer