Wednesday, July 31, 2013
Nifty Pre-Market View.
EOM is here. Monthly Trend assertion is happening when it matters most at the last week of the month.
Month triggered down with a close below 5MEma on 28th June and prices rallied intra month in July upto MHEma(6055)+40 and falling.
For managing the trades, monitoring the "Retrace of last fall" has kept the trader with the trend intact.
Accordingly, as per the current low(5748) & the last high(5861), only a price move above 5818 & 5838 would be considered as a "Pause"/ consolidation phase.
In a strongly trending market, ST technicals would remain in "oversold region" for a long period of time - Learn to accept them by ignoring it & concentrating on higher T/F TA.
Weekly channel support is around 5735 below which deeper falls would emerge.
Note from TT, how prices, once triggered down with a close below "CEma" moves towards and below LEma. This cue could be used to trader's advantage.(Eg: Current week's nos.)
Wishing you lots of confidence & peace in your trading room.
Month triggered down with a close below 5MEma on 28th June and prices rallied intra month in July upto MHEma(6055)+40 and falling.
For managing the trades, monitoring the "Retrace of last fall" has kept the trader with the trend intact.
Accordingly, as per the current low(5748) & the last high(5861), only a price move above 5818 & 5838 would be considered as a "Pause"/ consolidation phase.
In a strongly trending market, ST technicals would remain in "oversold region" for a long period of time - Learn to accept them by ignoring it & concentrating on higher T/F TA.
Weekly channel support is around 5735 below which deeper falls would emerge.
Note from TT, how prices, once triggered down with a close below "CEma" moves towards and below LEma. This cue could be used to trader's advantage.(Eg: Current week's nos.)
Wishing you lots of confidence & peace in your trading room.
Tuesday, July 30, 2013
Nifty Pre-Market View.
Bounce, if any holding above 5806(Mth pivot), would be treated as "iv"th wave of the downfall from 6093, retracing a maximum of 5891-12, 38%-50%, coinciding with earlier lows of 5911 which would act as resistance now.
However, immediate resistances for the day is 5866-76, above which 5888, 50dsma/21 Hr sma.
Do not get carried away by "intraday & intraweek" bounces & rallies as weekly pattern would get precedent over smaller T/F TA in the end.
One more signal to add strength to weekly downward reversal is a confirmation from the month TA by tomorrow.
Remember "Sell on Rises" is in force.
Wishing you lots of confidence & peace in your trading room.
However, immediate resistances for the day is 5866-76, above which 5888, 50dsma/21 Hr sma.
Do not get carried away by "intraday & intraweek" bounces & rallies as weekly pattern would get precedent over smaller T/F TA in the end.
One more signal to add strength to weekly downward reversal is a confirmation from the month TA by tomorrow.
Remember "Sell on Rises" is in force.
Wishing you lots of confidence & peace in your trading room.
Monday, July 29, 2013
Nifty Pre-Market View.
Nifty made a weekly reversal with an "Evening star pattern" and closed below its WEma.
It is now poised to reverse the monthly trend with an attempt to close below MEma-5858.
Staying below "5894-50dsma", the selling pressure is likely to increase to bring Nifty below "5852-200dsma" towards "5760-76" zone initially.
ST EW labels could change in a strongly trending market; they are to be read with TA & TT.
A iii rd wave is in progress within which the sub-waves suggest of deeper correction ahead with the 3rd of iii rd to unfold soon.
BN's last month's Evening star produced a "1200 points fall". That is "Crane's strategy".
Nifty has just made an Evening star pattern. And that is bearish.
Wishing you lots of confidence & peace in your trading room.
It is now poised to reverse the monthly trend with an attempt to close below MEma-5858.
Staying below "5894-50dsma", the selling pressure is likely to increase to bring Nifty below "5852-200dsma" towards "5760-76" zone initially.
ST EW labels could change in a strongly trending market; they are to be read with TA & TT.
A iii rd wave is in progress within which the sub-waves suggest of deeper correction ahead with the 3rd of iii rd to unfold soon.
BN's last month's Evening star produced a "1200 points fall". That is "Crane's strategy".
Nifty has just made an Evening star pattern. And that is bearish.
Wishing you lots of confidence & peace in your trading room.
Saturday, July 27, 2013
Make your efforts big but remain little and Stay a lover of little things.
Those who wish to sing, always find a song. --Swedish proverb.
No matter what big cities you go off to and big opportunities you are graced with, always take time to acknowledge the little things. Never give up on the things that make you smile, because smiling is one of the most important things we can do in this world.
Find time to just wander. With No Direction. No Plan. No Time Restrictions.
Look for beauty everywhere you go. The ladybugs on the windowsill. The sunflowers in the backyard. The skyscrapers in a new city. The faces of strangers and family alike.
No matter what big cities you go off to and big opportunities you are graced with, always take time to acknowledge the little things. Never give up on the things that make you smile, because smiling is one of the most important things we can do in this world.
Friday, July 26, 2013
Nifty Pre-Market View.
Bounces, if any, would have to deal with "5942-71", WEma, DLEma & the critical resistance again.
A pause for intraday is possible around 5870-85, 5mth & 30Wk Smas.
A close below 5942 would confirm a weekly reversal and a close below 5921 would confirm a bearish "Evening star pattern" in the weekly candle chart.
BN's last month's Evening star produced a "1000 points fall". That is "Crane's strategy".
Wishing you lots of confidence & peace in your trading room.
A pause for intraday is possible around 5870-85, 5mth & 30Wk Smas.
A close below 5942 would confirm a weekly reversal and a close below 5921 would confirm a bearish "Evening star pattern" in the weekly candle chart.
BN's last month's Evening star produced a "1000 points fall". That is "Crane's strategy".
Wishing you lots of confidence & peace in your trading room.
Thursday, July 25, 2013
Nifty followed up the ED pattern with another big down day & set for a weekly reversal.
AimNifty said...
@VK Soni,
My expiry number is 5915
1. Daily - S2 support level. also CAM L5+10
2. I expect nifty to reach CAM L5 in last hour and end the series nearby.
July 25, 2013 at 10:00 AM.
Congratulations for the "Disciplined following" when most looked for a "bounce".
Congratulations for "calling it @ 10.00AM" in the morning itself.
Congratulations for congratulating "Sahil" who came a close 2nd.
Congratulations to all those who called the "lower numbers" believing in the "Just reversed trend".
Congratulations to VK Soni for conducting the contest giving his valuable time.
There are lessons to be learnt from the participation of so many minds, application of experience.
@VK Soni,
My expiry number is 5915
1. Daily - S2 support level. also CAM L5+10
2. I expect nifty to reach CAM L5 in last hour and end the series nearby.
July 25, 2013 at 10:00 AM.
Congratulations for the "Disciplined following" when most looked for a "bounce".
Congratulations for "calling it @ 10.00AM" in the morning itself.
Congratulations for congratulating "Sahil" who came a close 2nd.
Congratulations to all those who called the "lower numbers" believing in the "Just reversed trend".
Congratulations to VK Soni for conducting the contest giving his valuable time.
There are lessons to be learnt from the participation of so many minds, application of experience.
Nifty Pre-Market View.
The intraday consolidation would be considered as (iv) of the fall from 6093 (Or could be from 6047).
Hence, a pause is likely below 5962, preferably around 5942-44.
Last rise full retracement is 5927 or 5911.
ED retraces itself fully and ED started from "5803", provided prices do not retrace any fall more than 61.8% or 80%.
VIX range for the day is "5937 to 6042".
Hence, a pause is likely below 5962, preferably around 5942-44.
Last rise full retracement is 5927 or 5911.
ED retraces itself fully and ED started from "5803", provided prices do not retrace any fall more than 61.8% or 80%.
VIX range for the day is "5937 to 6042".
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