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