Nifty Views for week 22nd dec-26th dec 2014

just my views:

based on fractals in nifty charts
on monday 22nd dec nifty may open with positive bias near 8250 but will face resistance near 8257-67 range again

may trade broadly in 8222-8257 range for first few hrs(till 11am)then may slide gradually towards 8184(will be lows of monday)(may move up again near eod toward 8203ns levels)

monday range 8184-8257

on tuesday may open with a small gapdown and may dip towards lows of 8143 ns levels and then upmove may come again for 8184ns levels towards eod

tuesday range 8198-8143(8148-8198-8143-8184)

on wednesday may trade in tight range of 8150-8185 for first few hrs 

probable trgts are 8276 till friday open so possibly may see some part of it in last 1hr from 8150ns levels

nifty views(update)

update
yesterday nifty gave an opportunity to buy near 8000 +/-50 range

did lows of 7961

now cmp 8159

high so far 8174

intraday trade on 19/12/14

tomorrow 8228 may give res to upmove

may dip again towards 8150 levels intraday and then may move up again towards 8180-8200 till close
next week starting 22nd dec
monday may be another gapup and will be abv res of 8228

till wednesday nifty may trgt 8300 and then will dip towards 8230 same day

expiry near 8230-40  range

nifty views

nifty cmp 8083
buy nifty with sl below 8057
trgts 8180
sell again near 8180
trgts below 8000
sust abv 8180 may trgt 8345

NIFTY POSITIONAL VIEW

BUY..........BUY...................BUY......

NIFTY FROM 8000-9100....... 

BUY NIFTY ON ALL DIPS NEAR 8000+/-50

PTS(NS

LEVELS)(PROBABLY IN NEXT WEEK)

SL BELOW 7724(THOUGH MY GUESS IS

NIFTY MAY

NOT DIP BELOW 7860)

TRGTS 9075-9125 RANGE TILL 27TH FEB 

2015

BUDGET DAY ON 28TH FEB IS SATURDAY

FROM  NEAR 9100 NIFTY MAY DIP AGAIN

TOWARDS 7720(SL 7422)

THEN A STUPENDOUS RALLY MAY START 

FOR 10700 TILL YEAR END 2015

nifty views

tomorrow nifty may probably open with a 

small gapup of near 15-20 points and steadily

 may trgt 8657 levels intraday

closing may be abv todays high 8627

as of now my expectation is nifty 

after 

 making 

a HH on monday near 8670-80 range may slip 

into some correction towards 8520 again in 

3-4 sessions and then may march again 

towards 8740

nifty views

NIFTY CHARTS

BUY NIFTY ON DIPS NEAR 8528-18 RANGE.(MAY DIP NEAR 8520 NEAR 12.15PM INTRADAY)

SL BELOW 8480 ON CLOSING BASIS OR 

BELOW 8454

BELOW 8480 SUPP ARE AT 8454-8429(SO 

MAY ADJUST SL AS PER UR RISK 

CAPACITY)

TRGTS 8780-8820 RANGE TILL WEDNESDAY

 NEXT WEEK

BEARISH SCENARIO:

A DOUBLE TOP WOULD HAVE BEEN MADE 

TODAY NEAR 8624

SUSTAINING BELOW 8504 MAY TRGT 8504-

120=8384

8480-8520 IS CRITICAL RANGE

NIFTY ascending broadening wedge pattern updated

NIFTY DAILY CHARTS

ascending broadening wedge pattern updated

nifty may face res at upper blue T/L which is moving up by approx 9 pts per day

from 7809 to 8180(upmove of 371 pts in 41 sessions)

from 8180 on 8th sep to 28th nov nifty had taken 52 sessions

8180+(52X9=468)=8648

on friday 28th nov as per calculation upper blue T/L res was near 8648

and next week for five trading days upper range will move up by 5X9pt=45 pts

8648+45=8693 may be upper(resistance) levels for next week

first indication of bearishness will be break below pink lines

range is contracting b/w upper blue T/L and lower pink lines

will it give a B/O on tuesday 2nd dec(much awaited RBI monetary policy)

or nifty will keep itself within the contracting range for next week and then may decide the course from week starting 8th dec

support of upsloping pink T/L as per siple mathematical calculation is

support is moving up by by near 28.6 pts per day

T/L supp was at 8456 on 27th nov( 8429 were lows prev day 26 nov ..diff of 27pts)

support of T/L was near 8456 +28=8484 on friday 28th nov

will be near 8484+28=8512 on monday

and 8512+28=8540 on tuesday ...........D Day

For downward breakouts, use the lowest valley in the pattern as the target.(7422)

For upward breakouts, compute the difference between the highest peak (probably near 8660-90 range) and lowest valley (7422) in the pattern to get the height. Multiply the height by the “percentage meeting price target”(i.e 69%) and add it to the breakout price ( 8660) to get the price target of 9500.

AN ASCENDING BROADENING WEDGE PATTERN DEVELOPING IN USD-INR 4 YEAR CHARTS

 KYA AISA HO SAKTA HAI??

AN ASCENDING BROADENING WEDGE PATTERN DEVELOPING IN USD-INR 4 YEAR CHARTS

MAY test lower T/L of pattern near 60 levels by mid jan 2015(trgt of bearish WW pattern)

then may move up a bit(small bounce to trap long posns)

trgts of this type of pattern on breakdown from lower T/L is generally the lowest point of pattern

trgt 48.60

BEARISH WW PATTERN IN USD-INR DAILY CHARTS

nifty views for next 2 weeks

expected path of nifty for next 2 weeks:

EXPANDING WEDGE PATTERN(Update)

highs made nearly touching upper T/L of wedge pattern were

8364 on 5th nov
8415 on 12th nov(nr 4 trading days for upmove of 51pts)
8454 on 18th nov(nr 4 trading days for upmove of 39pts)
8490 on 21st nov (3 + days done so far)
4 days will be done near 11am(+/-1hr) on monday 23rd nov

8454+39=8493
and 8454+51=8506

probably nifty may face res in 8493-8506 range on monday in b/w 10am -12noon

till expiry max upside within wedge may be 8540-50 range

similarly lows of 8321 and 8353(lower T/L) were made in 5 days gap
so on expiry (5 days from 20th) near 8385 will be support

possible move of nifty may be 8499-8433(till tuesday)-8493-8385/65 range till expiry

probable trading range for monday is 8499-8457 levels

since coming week is expiry week nifty will take its(hers) own course and may not follow global cues

after expiry again from next friday on 28th nifty may start its uptrend towards 8640 +/-20 range

Ascending Broadening Wedge Patterns

nifty daily charts

high made 

7700 on june 11th

8180 on 8th sep

upmove of 8180-7700=480 pts in nearly 3 months time

8180+480=8660

probable high will be near 8660

8660 will also be third test of upper T/L

and as per symmetry may be near 10th dec

huge caution need to be taken near 8660 levels

For downward breakouts, use the lowest valley in the pattern as the target.(7422)

For upward breakouts, compute the difference between the highest peak (probably near 8660) and lowest valley (7422) in the pattern to get the height. Multiply the height by the “percentage meeting price target”(i.e 69%) and add it to the breakout price ( 8660)

 get the price target of 9500

nifty

buy dips near 8417-12 range
cmp 8417
trgts 8436

sell 8436
trgts 8420
sl abv 8444

buy 8420
trgts 8460-68 range tomorrow
sl below 8407

nifty views update

tomorrow 8420 is critical levels to watch

if opens gapup near 8435-45 range then may dip towards 8420-25 range

 if takes support and break abv 8455 then may trgt 8500 intraday

if sustains abv 8455 then 8400 will be history this series

but if breaks below 8420 then may trgt 8390-70-50 intraday

possibility of nifty range for tomorrow is

8445-8360 or

8425-8500

NIFTY AND BANK NIFTY UPDATE

NIFTY VIEWS UPDATE
when nifty broke abv 8395 went upto 8409 retraced to 8400 and then zoom to 8438

breakout of CT has trgt 8381

double bottom pattern(though not copybook pattern but still pattern to pattern hi hota hai) trgts are 8415-8320=95 pts

8415+95=8510

tomorrow may probably be a tight range day and 8442-8390 may be broader trading range

abv 8442 trgts are 8465-8381-8510

some patterns developing are indicating that nifty may probably not dip below 8385 and will move up steadily towards 8623 levels till expiry day

corrections may come intraday and nifty may probably move up making HH nearly everyday

BANK NIFTY VIEWS:
BN channel trgts are 17875 on wednesday

channel is rising nearly 56 pts everyday

breakout of CT(nr 260pts) in Bn was done near 17570

trgts are 17570+260=17830(probably on thursday)

larger CT has trgts 17570+430=18000

OPTIONS O.I DATA
last nail in coffin of bears

today 8400 pe added more than 12lakhs in O.I and

8500pe addn was more than 5 lakhs

highest O.I in 8300pe near 63.8 lakhs with addn of more than 4.7 lakhs intraday 

BUY GPPL

BUY GUJARAT PIPAVAV PORT LTD(GPPL)

NEAR 173-175 RANGE

CMP 175.1

SL BELOW 167

TRGTS 195-200 PROBABLY THIS WEEK ONLY

MAY CONSOLIDATE IN 200-185 RANGE AND THEN

220-225 NEAR 1ST WEEK OF JANUARY

NIFTY VIEWS UPDATE FOR NEXT WEEK

ON MONDAY NIFTY MAY TRADE IN 8430-8370 RANGE

ON MONDAY IF OPENS FLAT THEN BUY NIFTY AT 8383-89 RANGE FOR TRGTS 8430

SL 8376

MAY SELL NIFTY NEAR 8430 WITH SL ABV 8468

TRGTS 8375-70 RANGE

BUY ALL DIPS NEAR 8375-70 RANGE WITH SL BELOW 8352

TRGTS 8466

ON TUESDAY MAY PROBABLY TRGT 8466 NEAR LEVELS NEAR 1.30-2.30PM

SELL AGRESSIVELY NEAR 8466-8480 RANGE

SL ABV 8515

TRGTS 8405-8320-8240

silver gearing for Rs 10000 fall.........trgts 26000

this is not a call

just for learning purpose

fractals indicating slight possibility arising

may move up towards 36000 near levels first and then near Rs.

10000 fall may come 

will it come fast as did in apr-may 2013??

or

will it take its own sweet time??

nifty update

sell nifty near cmp 8407ns

sl abv 8427

trgts 8392-85 range

sustaining  below 8374 weakness may prevail for trgts 8330-20 intraday

nifty update

TOMORROW SELL NIFTY ON ANY UPMOVE IN 8376-8392 RANGE

SL 40 POINTS

TRGTS 8260 TILL TOMORROW EOD OR THURSDAY OPEN

MAY EVEN TRGT 8235

SAFE TRADERS MAY SELL WHEN NIFTY MOVES BELOW 8374 AFTER UPMOVE ABV 8376

nifty may show weakness for next 2-3 sessions

nifty views update

probable path of nifty for intraday

8351(done)-8373-8346-8410 till tomorrow

buy at cmp near 8353ns(sl below 8344) trgts 8370-75 range

sell near 8370-75 range sl abv 8384 trgts 8348-43 range

buy near 8343-48 range sl below 8310 trgts 8403-8423 tomorrow soon after open

nifty views update

Buy nifty on dips near 8310-8300 range(near 1.20pm)


trgts 8340-50 range intraday

may sell againnear 8340-50 range for trgts near 8266 till tomorrow

may buy agressively near 8266-75 range

trgts  abv 8384 will be 8500

trade with suitable sl as per ur risk capacity

hedge posn if carrying for next day

nifty update

ns cmp near 8341.
near a good intraday res...
may exit intraday longs......
first let it break and sust abv 8342 and then on some rerace will buy again...
if could not break abv it then 8280-70 possible on monday and then will do a HH( a bearish WW may develop)
a dip towards 8325 is possible agai from here now
will watch how nifty behaves there 
if didnt break below 8323 then will long again for 8361 intraday

JACKPOT TRADE

JACKPOT TRADE:

BUY 8400CE NEAR 70 CMP

TRGTS 210-240-270

SL 35

OR NS AT 8261

INTRADAY TRGTS 90

FROM MONDAY WILL TRADE ABV 100 AND THEN NO STOPPING

PROBABLY NIFTY MAY NOT BREAK BELOW 8303NS NOW ONWARDS

CMP 8320NS

nifty views updated

Ns cmp near 8318ns

may buy here or dips till 8290(days low so far)

trgts 8650-8700 till 20th nov 2014

sust abv 8329-33 res nifty will not look back

sl is below 8261

intraday may trgt 8360-65 range

and probably a gapup open on monday 

now onwards from next week  8350-60 range will form a base for next rally

sell agressively near 8650-8700 

will update more when nifty comes near 8650

bearish WW in Nifty

Bearish WW chart 



did a low near 8323 near 1.25pm



may do HH in 8378-8392 range near 10am on friday as per symmetry of pattern

correction of 80-100 points may be expected thereafter till monday and then upmove starts for 8430-60 range again

nifty views (update)

my views based on fractals and some mathematical calculations

next week nifty may probably pause to take breath for another round of upmove later this month
on monday may face res near 8350-8365 range
next few days may be small tight range days
if opens gapup abv 8366 then may probably land at 8600 in few days
8365-8220 may be trading range........
option buyers need to be cautious
break of any may decide fate of nifty for coming days

next week has two holidays on tues and thursday

On Monday nifty probable trading range is 8358-8286

may sell on upmove near 8358-65 range
sl abv 8396

on dips may buy near 8286-8280 range
sl below 8248

ASCENDING TRIANGLE BREAKOUT PATTERN IN NIFTY(UPDATE)

CONSIDERING b/0 point near 6345

trgts are

1.with lows of 5120
6345-5120=1225
6345+1225=7570
was nearly done on election result day(7564)
nifty corrected to 7118 from 7564
correction of 446 points

2.with lows of 4530
6345-4530=1815
6345+1815=8160
done and did a high near 8180
nifty corrected to 7724 from 8180
correction of 456 points

3. with lows of 2253
6345-2253=4092
6345+4092=10437
10437 is trgt of nifty and may probably reach there where both T/L meet.
i.e. at vertex of triangle
probably near sep 2015(my guess based on WW patterns)
as per symmetry of pattern so far corrections may be in vicinity of 450 points

nifty update

ns have done a high near 8122 so far

may exit all longs here

cmp near 8118 ns levels

may sell here with 25 pt sl 

for trgts 8050 intraday

8020 till tomorrow

buy all dips this week near 8020-8010 range for trgts 8333 in next 8-10 sessions

Jackpot Trade

Hero Ya Zero call
buy 8100pe near 8.00
sl zero
trgts 40-50

BN

BN may trgt 16670 in few min after open

today may buy all dips near 16600-580 range

cmp 16611

sl 30 points

just a wild guess based on some fractal calculation

if ns keep within 8052-8081 range for rest of today then 

probably may close today near 8065

and tomorrow may open abv 8083ns levels and may trgt 8120 intraday

may trade in 8050-8120 range for tomorrow

this is just a guess work and not a call

nifty update

may sell nifty near cmp of 8073

sl abv 8082

trgts 8040-30 range intraday

buy near 8040-30 range

sl below 8015

trgts 8100 till eod tomorrow or friday open

may again sell near 8100 for trgts 8000 by weekend

NS WW

NIFTY bullish WW update

tomorrow may trgt 8080

may sell near 8080

trgts 8020 intraday

and 7980/7972 on expiry day

on expiry day nifty may probably trade in 55 point range

may expire abv 8000

BN WW

A BEARISH WW may be developing in BN 2 day charts

pt 3 formed near 16702 today

pt4 have formed near 16652

pt5 may form abv 16740 in first 30min (or 60 min) after open
trgts 16650 intraday 

NIFTY VIEWS

EITHER NIFTY HAS MADE ITS BOTTOM AT 7796 OR MAY MAKE A BIT LOWER NEAR 7780

THIS WEEK NIFTY MAY BOTTOM OUT IN NEXT 2 DAYS AND ANOTHER RALLY MAY START FROM NEXT WEEK TOWARDS 8250-70 THIS SERIES AND 8400-8500 RANGE TILL DEC

AFTER 8250-70 ZONE IS CAPTURED NIFTY MAY SLOW DOWN ITS PACE AND UPMOVE TOWARDS 8500 SHALL BE SLOW AND STEADY

BUY ALL DIPS TOWARD 7780-7800 RANGE

SL BELOW 7730

TRGTS 8500  TILL DEC 2014

INDIA VIX MAY FACE RES NEAR 16.5 LEVELS AND THEN MAY FALL AGAIN TOWARDS 11-10 RANGE

nifty towards 8400+

small risk trade:

tomorrow buy nifty on dips if opens gap down near 7910-7930 range

sl below 7880

trgts 8080-8225-8370-84XX

probably in october series only
jackpot trade:
buy

8400ce near 7.00
trgts 70.00

though nifty has given a break down below support T/L(green line)

but indicators are still at or abv support lines

may be a big rally in offing

RBI policy announcement may be trigger

NIFTY EXPIRY POSSIBILITIES

as per my analysis two probabilities are developing in nifty till expiry

1. may open with small gapup on monday and may do 8200 levels on monday or tuesday and small trading range for next 2 days

2. may trade making a W pattern

will update more as day progresses next week

8160(high done today)-8080-8140-8080-8160(probably may test 8200 on expiry day)

plz post  ur view regarding expiry so that members of this forum can make better traing view for expiry jackpot

nifty speculation

a small bullish WW may develop in ns charts

pt1 near 8108
pt2 near highs of 8160
p3 near 8105
pt4 may form near 8140-45 range near 1.00pm
cmp 8132
pt5 may form near 8100 near 1.45pm
trgts are abv 8200 on monday next week

this prediction is based on anticipation of nifty babys movement and nifty has a peculiar habit of proving me wrong most of the times whenever i have anticipated her move

How can i dare to do so???????????

lets wait for pt4 to form near 8140-45 near 1.00pm 

nifty update

nifty may break below 8000 levels intraday tomorrow in later part of day

be4 that ns may once test 8070-80 range tomorrow open from where it may fall towards 8000-7980 range

buy in that range for 8100-8120 this week till friday

strategy

sell in 8070-80 range

trgts 8000-7980

sl abv 8117

buy in 8000-7980 range

trgts 8100-8120

sl below 7955

nifty update

Bn at 16185 and ns near 8093....
may sell with 10 point sl in nifty i.e. 8103........
trgts 8072-8045-8011

may sell JPASSOCIAT near cmp 35.70........

intraday trgt 34.70-34.90 range

accumulate longs near eod today as a good rally will start again from monday onwards towards 8215ns levels
and jp towards 40

nifty update

nifty update

• ns did a high near 8128 and now near 8080(below yesterdays lows),wait for some more downside till 8050 +/-5 pts 
• where buy agressively for 8220 till monday next week..........
• may close near 8095-8105 range today
• 
  

intraday trade:

ns near 8062...may show some bounce towards 8095 then again may fall towards 8045 near levels

may start accumulating longs from 8055 to 8045  range...........strong intraday support near 8045-55 range

near 8045 is 13ema developing in daily charts