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.