ns 5 min charts

bearish WW developing in ns charts
sell nifty near 5294 cmp
trgt 5255 near 2.00pm sl abv 5315

nifty views

as per chart pattern i am expecting ns to open with positive bias near 5294 and ns  may trade in 5269-5323 range and close near 5312-16 range tomorrow and then a small upmove is  is expected towards 5358 on friday and from monday another round of fall may commence for trgts of 5150-5130 range
fed meets on friday and may make some announcement regarding QE3
charts are indicating it may not come or if it comes then may not enthuse markets

 BANK NIFTY
a small bullish WW pattern developing in BN 5 min charts
may open with positive bias and may move towards 10080-90 levels near 12.30 noon
buy any dips below 10000 for trgts of 10080-90

expiry jackpot
buy 5300ce below 4rs..trgts may be 20+

dollar index daily charts

bullish WW pattern developing in dollar index daily charts
trgt 83

supp in 81.2-80.8 range
time next 3 weeks

nifty views

on monday expecting ns to open near 5398 ..will move upto 5460 amd may close near days high
tuesday will be an inside day b/w 5411-5448
was expecting markets to reverse from wednesday this week but now i guess on monday nifty may make its high of this series and from tuesday to expiry will trade in 5360-5460 range
correction to start from friday ...wuill update more later

IF NS DOES NOT CLOSE BELOW 5375 NS THEN EXPECTING A GAP UP ON MONDAY AND A BIG GREEN DAY

BANK NIFTY UPDATE

BN REACHED NEAR TRGT OF 10300 TILL FRIDAY(LOW OF 10320)
MAY DIP TOWARDS 10300-290 RANGE BE4 MOVING UP
START EXITING SHORT POSITIONS 
AND ENTER LONG POSN WITH SL BELOW 10270 OR 10240 AS PER YOUR RISK APPETITE
TRGTS 10560

TCS DAILY CHARTS

BEARISH WOLFE WAVE PATTERN DEVELOPING IN TCS DAILY CHARTS

TRGT 1120 IN NEXT 3 MONTHS

SELL ON UPMOVE IN 1340-1360 RANGE WITH SL ABV 1415

SORRY ITS 10TH SEPTEMBER

BANK NIFTY VIEWS

 A BIG MOVE IS EXPECTED IN BN SOON MAY BE TILL 10TH SEPTEMBER..............

MAY TRGT 10000-9900 LEVELS OR 11000-11100 LEVELS

BANK NIFTY DAILY CHARTS

BANK NIFTY 10 DAY CHARTS

TODAY BN HAVE GIVEN A BREAK OUT FROM INNER CONTRACTING TRIANGLE PATTERN BUT CLOSED AT TL...MAY BE A FALSE BREAKOUT AS BN IS ALSO FORMING A BEARISH WW PATTERN FOR TRGTS BELOW 10300 TILL FRIDAY
10580-10600 IS SL FOR SHORTS CREATED AT HIGHS IN BN

BELOW 10440 WILL BE FIRST SIGN OF WEAKNESS

BELOW 10380 IT WILL GET BEARISH

DOLLAR INDEX VERY NEAR TO SUPPORT LEVELS IN DAILY CHARTS

MAY SEE STRONG BOUNCE TOWARDS 84-84.5 RANGE IN NEXT 15-20 SESSIONS

tomorrow expecting a small gap down(can be also near 5291-95 range on negative asian mkts clues)
ns may trade in 5375 to 5412 range tomorrow with close near 5385
expecting a big gap down on wednesday...ns may trgt 5300ns levels on wednesday

its not wednesday but thursday. 

corrected:
expecting a big gap down on thursday..ns may trgt 5300ns levels on thursday

sorry error is regretted

as per my earlier view expecting markets to take U turn from tomorrow....
may have seen series high today.....
tomorrow nifty may trade in smaller range and from thursday expecting series of gap downs to start....
(i may be totally wrong also as i am predicting based on some chart patterns and markets have always tendency to give big surprises
SL for shorts is abv 5448ns)
my bearish view will be negated if ns sustains abv 5448-54 range for 30min
O.I datas are indicating of strong bullishness but i think thats dikhawa to trap retail
if we (retail)can read markets thru O.I datas in fut and options then............
operators itni aasani se retail ko kamane nahi denge...dikhaws pe mat jao apni a-a- lagao

tomorrow expecting a small gap down(can be also near 5291-95 range on negative asian mkts clues)
ns may trade in 5375 to 5412 range tomorrow with close near 5385
expecting a big gap down on wednesday...ns may trgt 5300ns levels on wednesday

BN traded exactly as per pattern posted on charts on 20th august and in range too

now keeping fingers crossed for tomorrow

BANK NIFTY CHARTS

CONTRACTING TRIANGLE IN BN CHARTS

SELL ON UPMOVE NEAR 10440-460 RANGE SL ABV 10480...TRGTS 10340-50

BUY ON DIPS NEAR 10340-50 RANGE WITH SL BELOW 10280 TRGTS 10480-500

NIFTY VIEWS FOR 21ST AUGUST

FOR TUESDAY
BEARISH WW PATTERN DEVELOPING IN NS CHARTS
SELL NIFTY ON UPMOVE NEAR 5375-80 RANGE WITH SL ABV 5390 TRGTS 5325-30 RANGE NEAR 12-30 TO 1.00PM(MAY BE EARLIER ALSO)
SMALL RISK BUT BIG TRGTS

BE CAUTIOUS WITH LONGS IN NEXT WEEK STARTING TUESDAY

ANY DAY CLOSE BELOW 5354NS MAY GIVE FIRST INDICATION OF DOWNSIDE
SUPP BELOW 5354 ARE 5313-5282

EXPECTING NS TO TRGT 5230 NEAR LEVELS ON BREAK OF 5354NS

A BOUNCE FROM 5230 TOWARDS 5330 AND THEN TOWARDS 5100-5070 LEVELS AGAIN
SL IS ABV 5447

ANY UPMOVE ON TUESDAY TOWARDS 5390-95 RANGE (50%) AND MORE NEAR 5424-29(REST 50%)CAN BE SHORTED WITH SL ABV 5448

ITS LOOKING DIFFICULT FOR NS TO BREAK ABV 5405 BUT OPERATORS MAY PULL UP NIFTY TOWARDS 5424-48 TO HIT SL OF SHORTS AND CREATING BULLISHNESS FEELING IN RETAIL TRADERS(HAVE STARTED TO DO SO BY WRITING PE IN HUGE QTTY)..AT THE SAME TIME CHANNELS WILL HAVE ANALYST SHOUTING FOR 5600+ WILL BE STRONG INDICATION FOR DOWNSIDE IN NIFTY

expecting markets to make U TURN from tuesday 21st august

expecting ns to retest 5320-5310 levels till friday...sl abv 5405

tomorrow nifty may open flat with negative bias near 5378-74 range and may trade in 5342-5380 range

on friday ns may retest 5311 levels

buy aggressively near 5315-20 range with sl below 5290ns for trgts 5402-5405 in next week


these views are based on some chart patterns so plz dont consider it as any recomendation or call trade as per your own views

BANK NIFTY VIEWS

tomorrow bank nifty may open with negative bias expecting a gap down near 10330 gapof near 70 points in BN

may dip towards 10270-80 range which will be agreat opportunity to buy positional longs near 10270-80 range with sl below 10180 for minm 350-400 points gain(my trgts are 10800-10860+ levels)..

for tomorrow expecting BN to move up near to 10520 levels intraday and a close near 10425

..if this level doesnot come tomorrow then hold longs with a suitable hedge as i am expecting will come on thursday
or keep sl below 10180

DOLLAR INDEX MONTHLY CHARTS

DOLLAR INDEX 90MIN CHARTS

DOLLAR INDEX WEEKLY CHARTS

DOLLAR INDEX DAILY CHARTS

BANK NIFTY CHARTS

on monday ns may face res near 5345-50 range

if opens with positive bias then sell nifty near 5345-50ns with sl abv 5364ns trgts 5284-5279 intraday

if opens with negative bias buy near 5303-07 range with sl below 5279ns trgts 5345-50 range
5284-5279 is strong intraday support range 

expecting nifty to trade in 5260-5355 range till tuesday and may test patience of bulls,from wednesday it may start its upmove towards 5405-5469

nifty views

tomorrow sell nifty on any upmove in 5270-80 range (expected time is near 12 noon)with sl abv 5310 trgt 5160-50 range..till thursday