BLOG updated at 02:35 hours on 11th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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Look forward to 12th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,865 to 10,015 with negative bias.
Any long positions, must have strict stop losses or should be properly hedged.
Rationale :-
(1)
It was anticipated that attempt will be made to TRAP BULL by gap down opening below support of 9,980, with follow up selling to break 9,900 level on downside. But in reality, BEARS first allowed BULLS to open Nifty above weekly R1 of 10035 & then 10050. At 78% FIBO aggressive sling in BANKING STOCKS TRAPEED BULLS & trigeering of stop losses of long positions broke 10035 and 9980 support in intraday.
(2)
On hourly chart Nifty formed first leg of down move. Now every bounce will be sold off, unless BULLs hold 9945 with help of excessive liquidity with domestic MF& INSURANCE companies.
(3)
After two successive gap up DOJI, today Dark cloud with support of Volume it indication that down wave has started. VIX in GREEN, Adv.Dec. in RED, these are proof of aggressive short selling during day.
Summary of End of Day Data (11 Oct):
~All The Best.
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BLOG updated at 03:55 hours on 11th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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Look forward to 11th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,865 to 10,035 with negative bias. It is likely that attempt will be made to TRAP BULL by gap down opening below support of 9,980 with follow up selling to break 9,900 level on downside.
Any long positions, must have strict stop losses or should be properly hedged.
Rationale :-
(1)
On hourly chart, Nifty is still trading below upward channel, and On Daily Chart, Nifty touched weekly R1 level of 10,035, with mix volume. This is also 71% Fivo retrenchment level of previous down move.
(2)
As expected Nifty made One final attempt to test 10,015 & formed second DOJI in a row exactly at this level,with volume. First DOJI was without volume support and it indicated hesitation. But second DOJI has support of Volume and it is clear indication that up move is exhausted. VIX in RED, Adv.Dec. in GREEN, these are ideal condition for aggressive short selling.
Summary of End of Day Data (10 Oct):
~All The Best.
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BLOG updated at 03:55 hours on 10th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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Look forward to 10th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,865 to 10,035 with negative bias. It is likely that gap up opening will attract decisive selling to break 9,900 level on downside.
Any long positions, must have strict stop losses or should be properly hedged.
Rationale :-
(1)
On hourly chart, Nifty is still trading below upward channel, and On Daily Chart, Nifty broke 9980 level, without volume.
(2)
VIX in GREEN, Adv.Dec. in RED & Volumeless Doji suggest thar up move is exhausted. It overshooted 61.8% fibo level, and met by selling. One final attempt to test 10,015 may not be ruled out.
Summary of End of Day Data (9 Oct):
~ALL THE BEST
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BLOG updated at 02:10 hours on 9th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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____
Look forward to 9th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,865 to 10,035 with positive bias.
Rationale :-
(1)
On hourly chart, Nifty isstill trading below upward channel, and On Daily Chart, Nifty broke 9980 level, with volume.
(2)
After market closing, GST council exempted exporters from paying IGST till 31 March 2018 and announced some relief measure in GST for domestic indusry. Some of this positive news is already "priced in" in recent bounce.
Summary of End of Day Data (6 Oct):
~ALL THE BEST.
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BLOG updated at 01:35 hours on 6th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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Look forward to 6th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,812 to 9,986 with positive bias.
Rationale :-
(1)
On hourly chart, Nifty traded below upward channel, and On Daily Chart, Nifty broke 9900 level, with volume.
(2)
After market closing, there is some unconfirmed news flow on possibility of GST RATES, ahead of GST council meet on 6th October.
Summary of End of Day Data (5 Oct):
~All The Best
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BLOG updated at 02:05 hours on 4th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
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Look forward to 5th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,865 to 9,986 with positive bias.
Rationale :-
On hourly chart, Nifty formed upward channel, and On Daily Chart, Nifty could hold 9900 level.After RBI announcement of STATUS QUO on INTREST RATE, Nifty had Volatile swing, but could close above 9,900, ahead of another key policy meeting on GST on 6th Oct. Volume was missing in cash segment, but volume in INDEX FUTURE& INDEX OPTION increased.
Summary of End of Day Data (4 Oct):
~ALL THE BEST
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BLOG updated at 02:55 hours on 4th October-2017.
Disclaimer:-
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(1) Minor technical glitch may not be ruled out, while presenting Internet Data.
(2) Blog updated for Academic purpose.
(3)Financial decision must be taken after consultating Advisor.
(3)Financial decision must be taken after consultating Advisor.
(4) Writer may or maynot have position in Equity/ Derivative/ Forex/Commodity market.
____
____
Look forward to 4th October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,752 to 9,936 with positive bias.
Rationale :-
On hourly chart, Nifty formed upward channel, and On Daily Chart, Nifty could hold 9850 level. Ahead of key policy meeting, Volume was missing.
Summary of End of Day Data (3 Oct):-
All The Best
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BLOG updated at 03:15 hours on 3rd October-2017.
Disclaimer:-
(1) Internet Data is procesed with care. However some minor technical glitch may not be ruled out.
(2) Blog is updated for Academic purpose only.
(3) Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot have position in Equity/Derivative/Forex/Commodity market.
____
(1) Internet Data is procesed with care. However some minor technical glitch may not be ruled out.
(2) Blog is updated for Academic purpose only.
(3) Any trading decision must be taken in consultation with financial consultant.
(4) Writer of this blog may or maynot have position in Equity/Derivative/Forex/Commodity market.
____
Look forward to 3rd October trading session. (NSE Equity session)
Expecting NIFTY to trade in range of 9,752 to 9,936 with positive bias.
Rationale :-
(1)
On hourly chart, Nifty traded above downward channel, and On Daily Chart, Nifty could hold bounce of 100 point.
On hourly chart, Nifty traded above downward channel, and On Daily Chart, Nifty could hold bounce of 100 point.
(2)
After long weekend Indian Market will try to catch upmove in Global equity market, ahead of key policy decisions.
After long weekend Indian Market will try to catch upmove in Global equity market, ahead of key policy decisions.
Summary of End of Day Data (29Sept):-
~ All the Best
