BLOG updated at 02:25 hours on 29th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
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Look forward to 29th September trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,752 to 9,865 without volume.
Rationale :-
(1)
On hourly chart, Nifty tried to break downward channel, but failed.
, whereas On Daily Chart, after achieving 100% retrenchment level of 9685, Nifty bounced 100 point.
(2)
Upcoming Monday is 2nd Oct. Market will remain close. Therefore, ahead of long weekend, volume is likely to remain low.
Summary of End of Day Data (28Sept):-
~ All The Best.
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BLOG updated at 23:55 hours on 27th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 28th September trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,752 to 9,865, with volatility.
Rationale :-
(1)
On hourly chart, finally Nifty has established downward channel, with target 9,580. On Daily chart, Downward impulse extended one more leg.
(2)
Nifty broke weekly S2 OF 9805, ahead of expiry of September derivative contract. Weekly S3 is placed at 9,580,on the other hand, maximum open intrest of Nifty put option is placed at 9,800.
Summary of End of Day Data (27Sept):-
~ All The Best.
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BLOG updated at 01:55 hours on 27th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 27th September trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,800 to 9,952.
Rationale :-
(1)
On hourly chart, horizonal lines at 9,800 and 9,900 are visible as lower and upper limit of Nifty. On Daily chart, Nifty is still trading below downwsrd trendline.
(2)
After opening gap down on Monday, testing of previous week close level (9,964) is pending.
(3)
VIX and Adv Dec data suggest that volumeless corrective bounce may extend, at least till monthly derivative contract expiry on 28Sept.
Summary of End of Day Data (26Sept):-
~All The Best.
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BLOG updated at 02:25 hours on 26th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 26th September trading session. (NSE Equity session)
Expecting NIFTY in a range of 9,952 to 9,805(S2)
Rationale :-
(1)
Nifty opened at 9,952 and with a surprising speed broke S1 level 9,885. Selling momentum took Nifty below 9865,9840. Finally, Nifty recovered from 9816 ~ 10 point above S2 (9,805).
(2)
On hourly chart, Nifty is showing steep fall, without obeying clear trendline. On Daily Chart,Nifty has broken down trendline, but as of nown completed one impulse with five internal waves.
Summary of End of Day Data (25Sept):-
~All The Best.
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BLOG updated at 02:30 hours on 24th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 25th September trading session. (NSE Equity session)
On first day of expiry week, expecting NIFTY in a range of 10,032 (Pivot) to 9,885(S1) with negative bias. Volatility is also expected, becsuse of portfolio churning.
Rationale :-
(1)
On hourly chart Nifty is downward channel, whereas On daily chart NIFTY has broken upward rising channel on downside.
(2)
On weekly candlestick chart, Nifty formed trend reversal ~ BEARISH CLOUD CANDLE with volume.
(3)
VIX increased by 12% & Adv -Dec Ratio is extremely below 1. Together both it indicates oversold position. Hence WEEKLY PIVOT 10,032 likely to be tested on upper side.& 9,885 (S1) is now first target of down move.
(4)
Geo-Political tension between N.KOREA& Rest of Ally country increased. Meanwhile, IRAN has also tested missiles.
(5)
At domestic front, Govt. is yet to make up its mind on size and nature of STIMULUS package. Meanwhile, US Dollar has strengthened against INR, on news/rumour of Stimulus, because it will increase fiscal deficit which may lead to rating downgrade & hence increas in cost of borrowing for INDIAN companies.
(6)
Under the circumstances, Fund managers may churn their portfolio.
Summary of End of Day Data (22Sept):-
~All The Best.
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BLOG updated at 02:10 hours on 22th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 22nd September trading session. (NSE Equity session)
10,130 has became key level. Below 10,130 Nifty has support at 10,055.
Above 10,130, now 10,225 is next resistant (if NIFTY will able to cross 10,130 ~ upward momentum will easily break 10,155 (R1)
In nutshell, Nifty has again entered into direction less zone. It might be advisable to wait for clear trend, before taking directional trade.
Rationale :-
(1)
On daily chart, NIFTY in upward rising channel.
(2)
On hourly cgart, NIFTY still inside downward channel.
(3)
VIX made new intraday low & closed flat.
Adv Dec ratio had also taken swing.These are because of speculative buying on unconfirmed news of GOVT. may announce STIMULUS package for MSME & export sector.
(4)
FUNDAMENTALLY, any stimulus by Govt. is official acceptance of fact that "All is not well", but from Stock market perspective, it is like STEROID to balance sheet of weak companies. In nutshell, initially speculative force in market will surge share prices, but finally fundametal will prevail. Hence it is directionless, till clear ttend based on actual announcement by Govt. emerges.
Summary of End of Day Data (21Sept):-
~All The Best
~~~~~*************~~~~~~********
BLOG updated at 00:30 hours on 21st September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 21st September trading session. (NSE Equity session)
Unless some extra ordinary news flows drive up GLOBAL equity market, expecting Nifty to trade in its current range of 10,062 (weekly Pivot) & 10,155 (Weekly R1 Level) with negative bias.
Expecting Nifty to break 10,130 (double bootom on intraday chart) in gap down opening, in next session,
Rationale :-
(1)
Since Geo~political tension escalation between US& N.Korea, Indian markets are looking at its Global markets for direction. 19-20 Sept US FED (FOMC) meeting will be concluded, some of policy decisions may affect world market, including INDIA.
(2)
On hourly and Daily Chart, Nifty broke triangle & as of now in downward channel.
(3)
On daily chart, Nifty formed, BEARISH HARAMI type candle with volume support.
Summary of End of Day Data (20Sept):-
~All The Best.
_____xxxxx_____xxxxx_____xxxxx______
BLOG updated at 23:20 hours on 19th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 20 th September trading session. (NSE Equity session)
In next session, Expecting Nifty to trade between 10,062 (weekly Pivot) & 10,155 (Weekly R1 Level) with negative bias. 10,130 will act as key level (double bootom on intraday chart)
Rationale :-
(1) On hourly and Daily Chart, Nifty formed triangle.
(2) VIX increased & Adv- Dec Ratio at 1.Volume was Flat.
(3) In his UN address, USA President strongly warned N.Korea. N.Korean response pending. So, as of now stalemate continues.
Summary of End of Day Data :-
~All The Best
~~~~~~~~###########~~~~~~~~
BLOG updated at 00:35 hours on 19th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
____
Look forward to 19 th September trading session. (NSE Equity session)
In next session, Expecting Nifty to trade between 10,062 (weekly Pivot) & 10,225 (Weekly R2 Level) in directionless manner.
Rationale :-
After opening in gap up, Nifty crossed Weekly R1 level 10,155 in intraday and made new life time high.Volume was missing. Finally, Nifty closed just below R1 level.
Key Development in Weekend
UN was unable to decide level of sanctions on N.Korean. An American Diplomate stated that, "Now any military action on N.Korea will destroy that country, ~and nobody wants to destroy N.Korea"
This temporary stalemate like situation in Geo-Political tension had triggered relief rally in Global & Indian Equity market.
Surprisingly, Indian markets continuously over-looking domestic weak economic data.
Summary of End of Day Data :-
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BLOG updated at 00:45 hours on 16th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 18 th September trading session. (NSE Equity session)
As of now, it appears that in 18th Sept session, NIFTY will continue to trade in its current range of 10,015~10,136, with slightly negative bias. Support at 10,055 & Resistsnce 10,115.
RATIONALE :~
(1)
On hourly & Daily chart, Nifty moved in downward channel.
(2)
Geo-Political tension on N.Korea issue may continue to put pressure on Global Equity markets.
(3)
On domestic front, latest CAD (Current Account Deficit) and trade data reveals weakness in export.
(4)
Looking to fact that, currently Indian market is flooded with excessive cash, it will be intresting to watch that how much market sentiment will be dampened by this latest key data.
(5)
Summary of End of Day Statistics..
~All The Best
____®®®®®________®®®®®________
BLOG updated at 1:45 hours on 15th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 15 th September trading session. (NSE Equity session)
On hourly chart, Nifty moved in upward rising chsnnel. On Daily chart, NIFTY failed to cross previous day high and in the process of making downward trendline and channel.
Volume in cash & future market wss missing. Due to weekly option expiry of BANK NIFTY pptions ~volume in index option doubled.
If Nifty continue to trade below 10,136 for couple of session then wave c on daily chart is to begin. VIX & ADV DEC suggest internal strength.
Next session is expected to be volatile between 10,015~10,136. Support and Resistant level mentions earlier (see below) are valid.
~ All the Best
__+++++++++++++++______++++++++___
BLOG updated at 3:45 hours on 14th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 14 th September trading session. (NSE Equity session)
In morning session Nifty ignored Weak IIP DATA for July & HIGH Inflation numbers and continued to move up towards 10,183. But in afternoon session some negative news flow on fuel price subsidy put pressure & Hence on Daily Chart Nifty failed to cross 10,136.
On hourly Chart of NIFTY is still above upward channel.
ADV~DEC & IVX suggest that now 10,085 is immediate resistance.
10,136 is strong resistance, becaue of double top formation.
10055,10015 &9952 are support.
ALL THE BEST
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BLOG updated at 5:15 hours on 13th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 13 th September trading session. (NSE Equity session)
On hourly Chart of NIFTY, clear breakout is visible. On Daily Chart Nifty is in upward rising channel. Nifty closed above WEEKLY resistance 2 level. R3 level is placed at 10,183. So, in remaining 3 session of week ~Nifty will try to test 10,183.
Now 10,115 &10,136 are immediate Resistance & 10055,10015 &9952 are support.
-------×××××××-------
12 th September -2017 Look Forward
(NSE Equity session)
BLOG updated at 22:50 hours on 11th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 12 th September trading session.
Now, on Daily chart ~gap at 9,931 will provide support.
On upside 10,060, 10,085,10,115 & life time high at 10,135 are new resistance.
Since Nifty has closed above HSP neckline level, logically it is set to re-test life time high at 10,136.
Geo-Political tension is still on, because UN is to vote on sanction on N.Korea and in case of any sanctions N.Korea has threatened to test new missiles.
So, now 9,932 ~10,136 is a weekly range of NIFTY, till geo plitical tension remains.
~All The Best.
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11 th September -2017 Look forward
(NSE Equity session)
BLOG updated at 20:35 hours on 10th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Look forward to 11 th September trading session.
Now 9,952 is resistance level, before neckline at 9,998. On downward side 9,861 is support level.
With VIX in RED & Adv Dec. ratio of (7:10), Nifty may open above 9,952.
On daily Chart, Nifty has formed "rising wedge" above main down slending trendline. On hourly chart, Nifty formed triangular pattern.
Therefore, on Monday (11sept) first 3 hour of trade will be important. Sustaining above 9,998 will set up fresh up move of 250 point.
On the otherside, NIFTY breaking 9,910 will open door to 9,685 &9,497.
Trading with trend is advisable.
~ALL THE BEST
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8 th September -2017 Look forward
(NSE Equity session)
BLOG updated at 8:25 hours on 8th September-2017.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
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Look forward to 8th September trading session.
Now 9,952 is resistance level, before neckline at 9,998. On downward side 9,861 is support level. With VIX in GREEN & Adv Dec. ratio of (1:1), Nifty may continue to trade in range bound with negative bias
Summary of 7th Sept'2017 trading session..
On daily chart, Nifty has continued its irregular corrective pattern in its final stage of wave B.
On hourly chart, Nifty made failed attempt to break downward channel & fomed triangle.
On Daily chart, Nifty made yet anothe attempt to cross neckline, but failed.
Gap up opening was countered by selling, and filled up opening gap.
All the Best.
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7th September -2017 Look forward
(NSE Equity session)
BLOG updated at 2:35 hours on 7th September-2017.
All the Best.
Disclaimer:-
(1) Data is as received from googlefinanace and NSE website.
(2) Data is presented to have clarity, with care while processing However some minor technical glitch may not be ruled out.
(3) This is updated for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
Summary of 6th Sept'2017 trading session..
Look forward to 7th September trading session.
On daily chart, Nifty is making irregular corrective pattern in its final stage of wave B. On hourly chart, Nifty has created downward channel. Gap down opening was countered by buying, but failed to fill up opening gap. Now 9,952 is new resistance level, before neckline at 9,998. On downward side 9,861 is support level. With VIX in GREEN & Adv Dec. ratio of (1:1), Nifty may continue to trade in range bound with negative bias
All the Best.
_____ xxxxxxxxx__________
6th September -2017 Look forward
(NSE Equity session)
BLOG updated at 5:15 hours on 6th September-2017.
Summary of 5th Sept'2017 trading session..
Looking to fact that, up move was not supported by volume, ~ except pharma all sectoral Indices closed in green, VIX IS IN RED, &ADV~Dec is (2:1) ~ this is ideal condition for short selling. Neckline of HSP at 9,998, will be strong resistance.
If BEAR operators will decide to sell early then Nifty will close in gap down, & signal weakness. Alternativly, Bulls will be trapped by hammering down at neckline.
Any long position is to be hedged or must be with strict stop losses.
Expecting Geo Political tension to continue its pressure on equity market.
All the Best.
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5th September -2017 Look forward
(NSE Equity session)
BLOG updated at 00:55 hours on 5th September-2017.
Summary of 4th Sept'2017 trading session..
Look forward to 5th Sept 2017 session.
Expecting Nifty to re-test 9,925 level. One final leg of inner c wave of B Wave pending. After which, selling is expected.
9,930, 9,947,9,971 & 9,998 are resistant and 9,965, 9,825 are support.
All the Best.
Disclaimer:-
(1) Nifty data is as received from googlefinanace and NSE website.
(2) Data is processed to have clarity. All due care is taken while processing the data. However some minor technical glitch may not be ruled out.
(3) This is posted for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
++++++++++++++++++++++++++++++
4th September -2017 Look forward
(NSE Equity session)
BLOG updated at 5:00 hours on 4th September-2017.
Summary of 1st Sept'2017 trading session..
Because of corporate action, Reliance capital topped the turnover list on NSE WITH 1000+ Crore.
Look Forward to 4th Sept 2017.
Nifty is facing multiple resistance at 9,998, 10,030,10,600,10,115 and finally at 10,138.
On 1st Sept17, on daily chart, Nifty was expected to break trianle in downward direction, but it actually broke triangle in upward & ignored weak GDP DATA.
Because of this, wave count required to be altered. Now on hourly chart, corrective wave B is in final stage & can terminate anywhere between 9971 to 10030 (both are fibo level).
Because of multiple resistances, Possibility of wave B correcting 100% is very limited.
Geo political risk:~
If Asian equity markets will reacts negativly to N.Korea's fresh offensive act of testing Hydrogen Bomb, then Indian markets are likely to follow global pears.
SGX Nifty will provide hint.
In absense of any hint from asian markets, NIFTY is likely to open flat and remain range bound in 9,925 ~9,995.
All the Best.
Disclaimer:-
(1) Nifty data is as received from googlefinanace and NSE website.
(2) Data is processed to have clarity. All due care is taken while processing the data. However some minor technical glitch may not be ruled out.
(3) This is posted for Academic purpose only. Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot haveposition in Equity/derivative/forex/commodity market, as per live market condition.
