1st September -2017 Look forward
(NSE Equity session)
BLOG updated at 1:35 hours on 1st September-2017.
Summary of 31st August trading session.
For reading end of day diary of 31st August 2017 with detailed charts
Click here (Nifty-elliot-waves-diary)
Looking forward for 1st September 2017 trading session :-
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Record of earlier post..
31st August-2017 way ahead.
(NSE Equity session)
post was updated at 9:25 hours on 31st Aug-2017.
Summary of earlier trading session
1. VIX ~ CLOSED IN RED.
2. NSE ADV.-DEC. RATIO (3:1)
3. NSE CASH VOLUME ~ Mix
4. NSE DERIVATIVE Volume -Flat.
5. Nifty Daily chart - Triangle observed. & closing at downward trendline
6. Nifty Hourly chart - five waves completed on fresh eight wave cycle.
To read Nifty Diary page (End of Day) of earlier session with chart and statistic
----------
Look forward to 31-August-2017 Session..
(1)
On Daily chart Nifty, is to break triangle on either side. So, watching triangle levels will be key to trade in next session.
(2)
Geo-political tension created by North Korean Dictator is on. So, any news/rumors can affect market movement.
(3)
Development on ~ Privatisation of AIR INDIA will continue to influence Market on either side.
(NSE Equity session)
BLOG updated at 1:35 hours on 1st September-2017.
Summary of 31st August trading session.
On 31st August 2017, Nifty traded around 61.8% level of 9,871. This created triangular formation just above downward slending trendline. Finally, Nifty breached triangle on upside, but closed atbthe triangle point and kept downward trend intact.
Intrestingly, 25 stocks on NSE had contributed for 35% of NSE CASH SEGMENT volume.
Following stocks are selected from top 25 turnover list based on its price change.
For reading end of day diary of 31st August 2017 with detailed charts
Click here (Nifty-elliot-waves-diary)
(1)
There will not be any derivative expiry related dynamics.
(2),
On 31st August 2017, after market close hours, GDP number of INDIAN economy for Q1 were released as 5.7%, against market expectation of 6.2%. This is negative news flow.
(3)
Unless there is some another positive news flow, NIFTY is to open in gap down ~ below the downward slending trendline.
(4)
On daily chart triangle breakdown is expected which is to break 9,840 support level.
(5)
Wave c(iii) creats favourable risk reward ratio for short sellers, hence expecting short selling on every rise.
There will not be any derivative expiry related dynamics.
(2),
On 31st August 2017, after market close hours, GDP number of INDIAN economy for Q1 were released as 5.7%, against market expectation of 6.2%. This is negative news flow.
(3)
Unless there is some another positive news flow, NIFTY is to open in gap down ~ below the downward slending trendline.
(4)
On daily chart triangle breakdown is expected which is to break 9,840 support level.
(5)
Wave c(iii) creats favourable risk reward ratio for short sellers, hence expecting short selling on every rise.
All the Best.
--------₩₩₩₩₩₩₩₩₩₩-----
Record of earlier post..
31st August-2017 way ahead.
(NSE Equity session)
post was updated at 9:25 hours on 31st Aug-2017.
Summary of earlier trading session
1. VIX ~ CLOSED IN RED.
2. NSE ADV.-DEC. RATIO (3:1)
3. NSE CASH VOLUME ~ Mix
4. NSE DERIVATIVE Volume -Flat.
5. Nifty Daily chart - Triangle observed. & closing at downward trendline
6. Nifty Hourly chart - five waves completed on fresh eight wave cycle.
To read Nifty Diary page (End of Day) of earlier session with chart and statistic
Click here (Nifty-elliot-waves-diary)
----------
Look forward to 31-August-2017 Session..
(1)
On Daily chart Nifty, is to break triangle on either side. So, watching triangle levels will be key to trade in next session.
(2)
Geo-political tension created by North Korean Dictator is on. So, any news/rumors can affect market movement.
(3)
Development on ~ Privatisation of AIR INDIA will continue to influence Market on either side.
All the Best.
Disclaimer:-
(1) Nifty data is as received from googlefinana
(2) Data is processed to generate hourly EWT wave for last 5 day
(3)All due care is taken while processing the data. However some minor technical glitch may not be ruled out.
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