Saturday, 14 January 2017

NIFTY (INDIA)NIFTY CLEAR RESISTANCE BUT BIGGER CHALLENGES AHEAD FOR BULLS?-DAILY CHART ANALYSIS UPDATED JAN 15 2017

Nifty has manged to clear the resistance zone of 8250/8300 during last week and is trading near the 8400 levels. The entire rise from 7900 levels has been on low volumes casting doubts if this up move is genuine or a mere corrective rally. Bulls need to be taken seriously once the Nifty starts trading above the 8600 levels on good volumes. otherwise there is every chance of the downtrend emerging again. The first sign of weakness will be when the 8250 level breaks to the downside.  The chart is posted for educational purposes and not an invitation to buy or sell.

NIFTY CLEAR RESISTANCE BUT BIGGER CHALLENGES AHEAD FOR BULLS?

















Best Regards
Mohan Raghav

Thursday, 5 January 2017

NIFTY(NSE)- MARKET NEAR RESISTANCE AND DELICATELY POISED. DAILY CHART ANALYSIS POSTED JAN 5 2017.

Market is interestingly poised with the Nifty knocking on the doors of swing resistance near the 8300 zone. A breakout will reverse the negative sentiment and push the trend to a neutral zone. As more data is emerging on the negative effects of the demonetisation, it is indeed surprising to see the strength in the Nifty. We advise traders to be cautious at current levels and monitor the market action for any reversal from current resistance levels. Chart is posted for educational purpose and not an invitation to buy or sell securities.

NIFTY NEAR RESISTANCE AND INTERESTINGLY POISED.

Sunday, 25 December 2016

NIFTY(INDIA)-SUPPORT LEVELS TO BE BROKEN?-DAILY CHART ANALYSIS UPDATED DECEMBER 25 2016.

Nifty has reacted from the resistance levels of 8300  as mentioned in our previous post and is now poised to test the support zones of 7900. The support level may break as the results season will be unlikely to be supportive for the bulls on the back of the demand disruption due to demonetisation. If the levels of 7900 give way then lower levels of 7600/50 are possible.  I wish all readers a merry Christmas and a Happy New Year. Chart is posted for educational purpose and is not a recommendation to buy or sell.

SUPPORT LEVEL OF 7900 TO GIVE WAY?

Sunday, 11 December 2016

NIFTY (INDIA)- SELLING PRESSURE TO EMERGE IN THE 8300/8400 ZONE?-DAILY CHART ANALYSIS UPDATED DEC 11 2016.

Nifty (India) Index has taken support near the 7900/30 level as mentioned in our last post and is now nearing our target zone of 8300/8400 levels for this swing move. Traders need to be cautious for selling pressure to emerge at the Fibonacci zones shown in the chart. Volumes remained low for this upward swing move which indicates that it may be better to wait in the sidelines before making aggressive trades or with tight stop loss levels of index 7900. Charts are posted for educational purposes and not a recommendation to buy or sell.

NIFTY IN NO TRADE ZONE?



Saturday, 19 November 2016

NIFTY(INDIA) INDEX- TRADING NEAR LONG TERM SUPPORT LEVELS. WILL THE SUPPORT ZONE OF 7900/8000 LEVEL HOLD? DAILY CHART ANALYSIS UPDATED NOV 20 2016

Nifty has been under selling pressure in the last few weeks on the back of the results of the US Elections and the demonetisation drive announced by the Government. Technically, prices are now trading near long term support levels of 200 DEMA of 8131. The level of 7900/8000 is a very strong support level which we expect to hold in the coming weeks. Banks are now flush with funds due to cash deposits and there is a very strong possibility of RBI cutting interest rates in the next policy meeting in December 1st Week. It is very likely that Nifty may bounce to 8300/8400 levels on the back of short covering with Banking stocks leading the way. Chart is posted for educational purposes and is not a recommendation to buy or sell. Individuals must trade according to their risk appetite/ financial capacity after consulting their respective financial advisers.

NIFTY NEAR LONG TERM SUPPORT LEVEL.

Sunday, 6 November 2016

ASIAN PAINTS (NSE FUT-INDIA)- STOCK MAY BE READY TO RESUME UPTREND. DAILY CHART ANALYSIS UPDATED NOV 6 2016

Asian Paints has seen a bout of profit taking from the lofty levels near the 1225 mark and is now poised to resume its uptrend. The RSI indicator has reached extreme low levels of 13 and the risk reward ratio is in favour of buyers. The stock has also corrected 50% of its prior swing which is a good entry point for swing traders. Bears need to be cautious and monitor their short positions as downside risk from these levels are very limited. This could be the end of the profit taking Wave 4 and the upward wave 5 could start anytime. Long term investors should buy at current levels without hesitation. The chart is posted for educational purposes and not an invitation to buy or sell the security. Prices are of NSE Futures.

ASIAN PAINTS- BLUE CHIP STOCK DUE FOR A BOUNCE?

Sunday, 23 October 2016

MCX CRUDE(INDIA) PRICES GETTING READY FOR A DOWNWARD SWING MOVE? .DAILY CHART ANALYSIS UPDATED OCT 23 2016.

MCX Crude(India) may nearing the end of the positional upward swing move since August 1 st week. The scales may be tilting in favour of the Bears as prices are trading near a resistance zone. Our proprietary swing trading tool is now indicating that prices have entered the sell zone and aggressive traders can consider start building short positions in anticipation of a downward swing. The chart is posted for educational purposes and is not a recommendation to buy or sell.

MCX CRUDE-DOWNWARD SWING AHEAD?