Month: January 2017

NIFTY SPOT LEVEL ON BIG EVENT-UNION BUDGET-1ST FEB 2017

Posted on by Dharamveer

 

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NIFTY CLOSED BELOW 8600 AHEAD OF UNION BUDGET DAY- NIFTY IT(H-1B VISA) PUT PRESSURE.

 
 
NIFTY LOOKS BEARISH & DOWNSIDE IS MORE THAN UPSIDE. BELOW CHART INDICATING IF 8455 BREAKS THEN
 
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8190 LEVEL CAN SEE. BELOW 8150 NIFTY WILL HEAD TOWARDS 7975 LEVEL. RSI ALSO DECLINE.
 
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AS PER HOURLY EW COUNT EITHER 5TH DONE @8672 IF NOT THEN INNER WAVE 5(IV) COMPLETED TODAY
@8552 LEVEL AND 5(V) IS PENDING WHICH WILL BE DONE ABOVE 8672 LEVEL. 5TH WAVE MINIMUM TARGET 8766 .
ABOVE 8795 CAN SEE 8897-9029-9070-9111.
 
UPPER RANGE & LOWER RANGE GIVEN ABOVE BASED ON THAT TRADING STRATEGY ON UNION BUDGET DAY(INTRADAY DAY):
 
BUY ABOVE 8620NS.
 
SELL BELOW 8522NS.
 
 
 
 
 
 
 
 
 
 

BANK NIFTY SPOT ANALYSIS.

Posted on by Dharamveer

BANK NIFTY CLOSED ABOVE 19700 HEADING TOWARDS 19950 LEVEL.

 
 
MONTH CHART IS BULLISH NOW . TRADE ABOVE 20500 WILL TAKE BNS TO 30000 LEVEL IN COMING MONTHS.
 

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RSI IS READY TO BREAK OR WILL TOUCH LOWER CHANNEL.
 
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WEEKLY CHART IS NEAR TO B WAVE 19950-20300 LEVEL.
 
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RSI MAKING U SHAPE OR READY FOR CUP & HANDLE IN CASE OF BREAKOUT AFTER CONSOLIDATION.
 
DAY RESISTANCE NEAR 19940-19950BNS.
 
 
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WAVE 5(3) OVER AND 5(4) IN PROGRESS. 
 
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HAPPY REPUBLIC DAY- NIFTY PRE-BUDGET RALLY

Posted on by Dharamveer

 

NIFTY BREAKOUT FROM GOLDEN RATIO @8558 AND CLOSED ABOVE IT IN 5TH WAVE.
 
NIFTY STILL IN INNER WAVE 5(III) FROM 8351NS AND TOUCHED THE TRENDLINE @8612 LEVEL.  5(IV) AND 5(V) YET TO COME.EXPECTING 8675-8720-8895  TO COME AFTER SOME CONSOLIDATION NEAR 8550.
 
BEARISH ONLY BELOW 8492 ONLY.
 
 
 IF 8725 NS TAKENOUT THEN  IN THAT CASE 9000-9119-9270 VISIBLE.