Sunday, 26 February 2017

NIFTY(INDIA-NSE)- INDEX COULD BE AT AN INFLECTION POINT?. DAILY CHART ANALYSIS UPDATED FEB 26 2017.

Nifty (NSE-India) has staged a huge rally over the last two months and is now near the yearly highs. To some extent it must be said that many market particiapnts have been caught on the wrong foot by the steep rally. We are advising traders/long term investors to book partial/majority of the accrued profits at current levels and initiate purchases at lower levels. A negative MACD divergence is starting to indicate that some profit taking may be round the corner. The chart is posted for educational purpoes and not an invitation to buy or sell securities.

NIFTY INDIA AT INFLECTION POINT?

Wednesday, 25 January 2017

NSE(INDIA)- BULLS PUSHING FOR HIGHER SWING TARGETS IN COMING WEEKS. DAILY CHART ANALYSIS UPDATED JAN 26 2017.

Nifty(India) has cleared the overhead resistance and is firmly in the grip of bulls. We have to wait and see if there is follow through in this up move after the presentation of the Union Budget. Swing targets have been drawn in the chart based on Fibonacci extensions. Bulls can be assumed to be in control till the level of 8350 is not violated. 7900 should now be considered as very strong support. Chart is posted for educational purposes and is not a recommendation to buy or sell. A very happy Republic Day to all readers in India.
BULLS EYE HIGHER SWING TARGETS ON NIFTY










Sunday, 22 January 2017

GBPJPY MAY BE READY FOR NEXT UPMOVE. DAILY CHART ANALYSIS UPDATED JAN 22 2017.

GBPJPY has completed ABC corrective wave (Wave 4) and ready to test previous highs. It has completed 50% Fibonacci retracement of the previous swing move. The long term yields on the 10 year UK treasury bonds are also inching up indicating that the British pound is fundamentally poised to appreciate against the Yen. Risk Reward is in favour of the British Pound after the substantial correction after the BREXIT issue.


BRITISH POUND READY TO MOVE UP AGAINST THE JAPANESE YEN?



















Best Regards
Mohan Raghav

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?