MCX Crude Major Update (11-12-15)

Technicals are expecting Crude Oil near bottom almost. Weekly Chart is indicating Wave 5 target at 2250-2300 range. Divergence is visible at Price Oscillator. 

Nifty Major Chart (05-12-15)

Technical said in last post, Downtrend is still running & Bottom depend on Fundamental condition.

Nifty Important Update (17-11-15)

Technical said in last post, Downtrend may continue till 71xx or below. Now we can see possible Head & Shoulders pattern on Daily Chart of Nifty 50.

 

What's Nifty want ? (04-11-15)

Daily chart is indicating... Breakout possible only on weekly close above 8300 & Weekly chart is indicating... Breakout possible only on monthly close above 8500. Else downside is open for 71xx or below. 

Daily Chart of Nifty

Weekly Chart of Nifty

Next Trend - Bull or Bear ? Another Chart (16-10-15)

Technical said, as per Nifty Junior's chart... we are expecting New Low is due. Check our previous post Nifty Major Weekly Elliott Wave Count (30-09-15)

Next Trend - Bull or Bear ? (12-10-2015)

As per CNX Nifty Junior's chart & elliot wave counts, We can expect... more downside is due in Stock Market.

Nifty Major Weekly Elliott Wave Count (30-09-15)

Today's Nifty close is very important. Monthly close is Bullish Doji But Quaterly close is Bad. We have 2 major counts on weekly chart. If 1st chart is correct then Nifty is bottomed & target New High ( Almost 10,000) but confirm only if close above 8500. If 2nd chart is correct then Bottom is due & expected at 7119 or 6666 then New Bull Run.  

Nifty Update (09-09-15)

Nifty breach weekly channel on Monday but recover & close above 7620 (Channel Support). Now 50% retracement done of wave 3 & Nifty hold 7526 level... this was unexpected. But reversal may continue till minimum expected pullback level 8330. No change in weekly elliott wave counts yet. In other case... below 7526, we may another see major selling.  

Nifty Critical Update (07-09-15)

Nifty above very crucial level 7620 again. If it hold then we can expect uptrend for New High as per weekly Elliott Wave counts.

Nifty Major Update ( 27-08-15)

Technical said, Long above 8330 & downside target 8100... But Nifty open below 8100 on Monday. We post on 29 June for expected target 8630 then 7600-7500 Link Nifty Major Update (29-06-15). Mostly people turned to bullish due to Nifty's 8630-8330 range in last 50 trading days. Breakdown start Bloodbath. Now, we are assuming that Nifty is bottom out at 7667. TJ's Ellipse & MOB & 100 Week EMA are indicating Bottom done for Wave 4. Now for long position keep Stoploss 7769 (Monday's low)  & Target 8900. We will update blog on any change in view.

Nifty Major Update (11-08-15)

Technical said, divergence on daily chart & Nifty may unable to sustain above 8600. Major trendline support seen at 8450. We are expecting strong reversal from 8450-8500 zone. Keep Stoploss below 8450 for target 8700 or above.

 

Nifty Update (06-08-15)

Technical said, Chart seen damage due to divergence in oscillator. Nifty hit 8606 but unable to sustain above 8600. Now, 8500 will be Crucial level. If Nifty open gap-down & hold 8500 then we will expect 8700 level. Below 8500 target 8200 will be open for HnS.

Nifty Critical Update (04-08-15)

Technical said, 8300-8350 "Buy Zone". Nifty hit 8564 but chart seen damaged due to divergence in oscillator. If Nifty unable to breach & sustain above 8600 then we may see below 8321. HnS pattern also visible on the chart.

Nifty Update (28-07-15)

Technical said, 8500 level is crucial. Now 8300-8350 range is good for Long. Keep Stop-loss below 8300 for long, We may see strong recovery till expiry. Bank-Nifty may be mover.

   

Nifty Critical Update (27-07-15)

Technical said, If 8500 level hold by Nifty then Killer up-move expected. Now, 8500 level become crucial for Nifty. We are posting two chart today. 1st chart is 4 hourly chart using Ichimoku with Standard Deviation & 2nd chart for Elliott Wave Count at Daily Chart, If 8500 hold.

Nifty Elliott Wave Counts

We have 2 possible weekly Elliott Wave counts. One posted at 03-July (Click here)  & Alternate Counts at 17-July (Click here). Nifty is facing strong selling pressure at "Make or Break" level.  If Nifty want hit New High as per Alternate Counts then it must close above 8668. In other case, If Nifty want go below 7940 then is must close below 8300.

Nifty Update (22-07-15)

Technical said in previous post, Nifty at "Make or Break" level & Breakout above 8638 & warned for "Very Caution Level". Nifty break 8638 but unable to sustain so pullback start today. We expect 8500 or 8440 should hold & violent uptrend should start for target 8866. Keep Stoploss below 8400.

Major Nifty Elliott Wave Alternate Count (20-07-15)

In previous Elliott Wave Count, We assumed Wave (5) at 9119, Wave (A) at 7940 & expected Wave (B) at 8630-8730. Nifty hit 1st expected level for Wave (B) in last week. But we are expecting extension in running Wave. So, we have assume 9119 as a Wave (3) & 7940 as a Wave (4). Now we are expecting new high in super fast mood vertical rise for Wave 5 at 9300-9500. Stoploss for long should be below 8400. 

Nifty & Bank Nifty Update (17-07-15)

Technical said, Pullback expect Nifty @ 8630 & Bank-Nifty @ 19200, today both target hit. Now both index at "Make or Break" level. Very Caution Level. As per Oscillator, We can expect breakout above #8638 in Nifty & #19284 in Bank-Nifty for next target Nifty @ 8822 & Bank-Nifty @ 19500.   

   

Nifty Update (10-07-15)

As per last post (Nifty Elliott Wave Count), Nifty is in corrective Wave B & expected target is 8630 or above. Now see updated chart. Current wave is in a parallel channel. Head & Shoulders pattern is expect.   

Nifty Elliott Wave Counts (06-07-15)

Technical said, Buy only above 8490 or on any dip. Nifty breach 8490 on last Friday & Breakout in channel on weekly close. Now, we are expecting 8630 or 8730 (almost) for Wave B.

Nifty Update (02-07-15)

Nifty hold 200 DEMA (8200) on Monday as expect fall (pullback), now above 200 DMA (8370) but still below previous top (8489). We are expecting again a pullback for test 8370 (200 DMA) or 8280-8300 (20 DEMA) before expected target 8630 because Bulls are in #Caution due to weak oscillator. Go long only above 8490 or buy in dip with stoploss below 8370 or below 8280. 

     

Nifty Major Update (29-06-15)

Technical said, Safe long only above 8430 level. Nifty is continue holding 8330 & 8370 (200 DMA) on close basis. Now, we can expect Buy above 8430 or in any dip with SL below 8230 for due target 8630. We are assuming that Nifty is creating mirror image. So, if unable to sustain above 8640 then we can expect 7600-7500 at least  or below in coming months.   

Nifty Update (26-06-15)

Technical said, If Nifty hold 8330 then pullback may continue... Now, Safe Long above 8430 (trendline resistance) for target 8530 or 8625 & stoploss for pullback should be below 8370. Below 8370... we may see 8230. 

Nifty Update (25-06-15)

Technical said, above 8370...  Pullback may extend till 8430-8450. If Nifty hold 8330 then pullback may continue... for target previous high 8488 or above 8488 target 8620-8630, #Else target 8200 with SL 8380.

   

Nifty Update (23-06-15)

Technical said, Pullback target 8370 & it will be as a major resistance. Daily RSI is indicating... it may extend more... next target seen 8430-8450 or Bang-Bang for target 8630 almost. Stoploss for this pullback should be below 8250 (on close).   

 

BankNifty Weekly Update (22-06-15)

Technically... BankNifty is ready for Bang-Bang upmove till 19200. Keep in mind... this upmove is a pullback only of Downtrend by Daily, Weekly & Monthly Chart. Stoploss for this pullback should be below 17700 (on close).

  

Nifty Update (22-06-15)

Technical said, We may see at least 8210 by pullback & Nifty close above 8195 (200 DEMA). So, we expect... pullback should extend for target 8370 (200 DSMA) as a major resistance or 8430-8450 as a Bollinger band or Parallel channel resistance.

Nifty Update (17-06-15)

Technical said, Nifty is holding 7965 on close basis. We expect a good pullback & it start from today. We may see 8210 in this week at least. Pullback may extend above 8210.... 

   

Nifty Update (15-06-15)

Technical said, 7965 is the critical level & Nifty is holding on close basis. So, we are expecting a strong pullback before any deep correction. Strict Stoploss for pullback should be 7960. If again downtrend start rather than pullback.... then we may see 7640 in next week. Pharma & Banks are looking good for pullback. 

Nifty Update (12-06-15)

Technical said, expected pullback for target 8210 (200 DEMA), But Nifty fail at 8164 & break pullback stoploss 8090. Now 7965 is a critical support, another pullback or breakdown for target 7640.

Nifty Update (11-06-15)

Technical said, Pullback required and we got handsome rally today. Now, we will focus on 8210 (200 DEMA). If sustain or close above 8210 then we expect more pullback. Stoploss for current pullback should be below 8090.

  

Nifty Update (09-06-15)

Technical said, We expect a pullback before new low (below 7997), but Nifty is still in downtrend momentum. If Nifty hold 7997 then still hope for a pullback till 8210 at least before new low. Below 7997... new low target seen 7700-7500 range.

Nifty & BankNifty Update (08-06-15)

Technically Nifty & BankNifty want pullback before any new low. Please keep in mind that weekly charts are still bearish. Expected pullback target seen in Nifty is 8282 or above & in BankNifty is 18180 or above. Stoploss should be Friday's low.

 

Bank Nifty Major Update (03-06-15)

Today's low of Bank Nifty is very important. We can see clear picture in the weekly chart... respected trendlines & downward RSI hit new low. Breakdown confirm below 17567 for given targets on the weekly chart.

   

Nifty Update (03-06-15)

Technical said, Nifty may unable to sustain above 8450. Now, below 8210 (200 Day EMA) target will be 8000. Keep in mind... Nifty's weekly & monthly charts in bearish mode also. 

Nifty Weekly Update (01-06-15)

Technical said, Nifty may unable to sustain above 8450. In weekly chart, we can see trendline resistance around 8500 & oscillator in bearish mode. We can't bullish in this structure. Below 8350, downtrend conform again for new low (targets visible in chart).

Nifty Update (26-05-15)

Technical said, Pullback stoploss at 8424, Nifty unable to hold 8453 & open below. If close below 8350 then confirm again downtrend for target 8185, Daily RSI at resistance zone also. 

Nifty Update (25-05-15)

Technical said, pullback till 8450 & Nifty close above 8453 (trendline resistance). Now, If current pullback want extend then Nifty may face another strong resistance at 8558, that is 50% retracement level of total down-move & upar trendline resistance. Keep stoploss 8424 for long position.

Note : Weekly & Monthly Charts are Bearish. 

Nifty Weekly Major Update (21-05-15)

Technical said, maximum pullback till 8440-8450 seen. If unable to close above 8453 then we may see downtrend may continue. By weekly chart, we can see target is 7119 as per trendline & 50% retracement value of total move from 5119 to 9119. 

Nifty Update (20-05-15)

Technical said, Nifty's breakout target is maximum 8440-8450. Now if Nifty unable to breach 8450 and trade below 8330 then possible target 8150 for retest support zone. Please note "Daily-Weekly-Monthly" all chart are indicating Bearish Signal only. 

Nifty Update (19-05-15)

Technical said, Breakout above 8330.... now we are heading to 8440-8450 & this is caution level for Bull. If Nifty is bullish then it should close above 8454 for target at least 8600 (Trendline). If fail above 8454 then reversal will be panic.

Nifty Update (18-05-15)

Technical said, long only above 8355 & downtrend continue below 8068. Nifty is still in this range and form a triangle. We should be neutral till Breakout/Breakdown. Current range are 8330-8150. Nifty may start big move after breakout/breakdown.

  

Nifty Major Update (13-05-15)

Technical said, Long above 8355 only else 8230 is open. Nifty cracked below 8230 and close below 200 Day EMA (8188). Now, we can expect more downtrend below 8068. Weekly counts are....