MY NIFTY AND BANKNIFTY CHARTS AS ON 12th AUG

Should nifty take a support of neckline 8325 level ...atleast parameters are not showing that...but atleast it should take halt than there will be pause and parameters will also change accordingly

as of now 8325 in bank nifty and 17789 in bank nifty seems to be solid level.......Trendline is showing correct picture

Updates on Nifty as on 8th August 2015

As updated in my previous post dated 4th August ""Bulls aretargetting 8589 and 8644 level...further 8725-8744-8789 and 8844 level" nifty went to 8450 level on RBI policy date where in the moves are very difficult to predict on that day...nifty bounced from our retrachement level 8469 and went upto 8533 levels and closed at 8520 level
Further on next day it went to 8611 and from three days it is not able to cross trendline zone 8589
Yesterday we sugested strong reversal zone 8589 based on my Modified SAR LEvel

Whereas actual SAR is still 8470 level..so people will wait for 8470 level whereas my Modified SAR will give me 120 point till that level....but..as per my modified SAR if nifty reverse from 8589 level then the position to be reversed as of now weekly closing value is 8564 so modified SAR gave 25 points....only trading above 8589 my modified SAR will say to me that close short and go long for 8644 level

Nifty was struggling to go above 8589 level.

NExt week if nifty opens around 8552 level high should be 8570 level and the lower level i am expecting around 8512 which should be first support.
Immediate support is 8489 below that nifty an test even 8460-8444-8421 level to Fill the gap left on 1st Aug.

On the Bull side if nift opens around 8552 and takes support of 8544 and crosses 8566-and 8589 convincingly then upper targets are 8644-8660 which need to be watched on closing basis.

IMPORTANT>>>DOW GAVE CLOSE BELOW 17400 Level Which is very important level...so might be nifty will have some pressure on monday.

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Do share your views and comments for improvement
Will Publish the chart in this view itself

Nifty should have solid support at 8469 zone which is strong demand zone as of now

Nifty should have solid support at 8469 zone which is strong demand zone as of now
An unfilled Gap of 8421-8444 zone will keep the bears hope alive whereas Bulls aretargetting 8589 and 8644 level...further 8725-8744-8789 and 8844 level
Punters playing their game and will make sure that bears will get trapped this time also ...since there is no rate cut..there is strong possiblity that they play against the sentiments and take nifty to higher level
However the worrying factor is PE level 24 for nifty and it seems big money is taking every oportunity to offload their equity to retailers and a day will come when certain news will come wherein a big red candle can come ..and people will start dreaming again of 8000 level.

LEts wait for clear signal for BEARS.

OI update as on 26th june ..for July series 2015

As per the OI analysis the range seems to be 7900 to 8500.......I feel nifty has potential to move up as the IVs of calls are very low and the calls are cheaper as compared to Puts....so for few days nifty will be kept up so that the IVs of puts are reduced to over 15 range....Its just an assumption..So might be Big money will try to add calls and they will trigger the hope of 8800 so that people will buy calls.....Strong resistance could be 8489-8525 zone.......but yes now straight away if nifty close below 8344 on monday then best is to initiate short if nifty close below 8344 or else go for target 8444-8466-8489 further 8525-8544....Below targets everyone knows close below 8344 and 8325 targets are 8277-8244-8225 further 8171 8144-8125-8080-8044....Plan is must for a disciplined trader...smile emoticon LEts have look at OI analysis....There are more experts in OI i am just trying to post as per Price and OI analysis

For nifty to move up close above 8444-8466 is very important where as close below 8325 fresh short will be initiated in Nifty.

 

HUL Falling Wedge PAttern

Shayad ye 754 Jakar hi Dum lenga............Perfect Falling wedge pattern

Moving ahead its should take support of 80% FIbo level for some time lets see if it breaks the wedge at the upper level that means whether it gives the breakout or else the target should be 750.

Nifty OI Game for June 2015 series !!

Nifty Close above the previous days close....low was tested again...7933....8022 will be the crucial level again ....a close above that nifty can test the upper targets of 8242 where as if it struggles to move above 8022 then one can go sort with SL of 8055 for targets 7975-7933 further targets are 7889-7860-7825

https://www.mql5.com/en/charts/3572760/nifty-s-d1-starline-solution-ltd

SAR Applicable  for Nifty is 8145

IF nifty close above 8145 on closing Basis reverse you position and Go long 

OI Zone is showing 7800 -8500 Range

Dont understand why Bears shifterd that to 8500..Overall the sentiments are Bearish and charts also depeciting the same. So Go short at every rise......SL 8145....Rise means if you get 8089-8125  on closing basis Go for targets 7933 and lower targets SL 8144 strictly....If anybody wants to take risk they can take this SL on closing basis level.....That means any close above this level on should Go long with SL 8122

Nifty Exactly took weekly Fibo support at 8022 and given bounce of 100 point on closing basis..

Coal Coal Coal shamo sha sha

Should go upto 415 -420 as per Gan grid and FIBO level

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https://www.mql5.com/en/charts/3539242/coalindiac-h4-starline-solution-ltd

COAL....COAL.........COAL..............KOYLA

SBIN 4 HR chart

SBIN 4 HR

https://charts.mql5.com/8/27/sbinc-h4-starline-solution-ltd-sbin-supply-and-demand-zone.png

ITC broader view

ITC view


Seems more downward is pending

ITC short term view

The Story of Falling TATASTEEL

The Story of a Falling steel

Nifty Chart as on 4th june-Hammer

Nifty opened at 8155 High 8160 Low 8056 and close 8130.....Perfect Hammer.
As per candle stick pattern it can be considered as the reversal sign. Depending on how nifty opens tomorrow.
Nifty has to open around 8144 and trade above 8160 consistently..That means it should not break 8123 level now..
Breaking this level it will test 8089 and 8066 level.....furhter level would be 8044 and 8020........so the reversal Hammer pattern will fail in this case and nifty will test the double bottom that is 7989 level and 7975 level. How ever once can Go long with this level with SL of 7944-7933 levels....a break of these levels means nifty will test 7889 and further 7860-7844-7819 levels......Nifty should have solid support at 7789-7744-7719 level...from there a bounce can be expected....but as of now the sell of that is happening it seems that nifty will trade in channel and it will have lower low pattern.

Lets follow the Fibo level and trendline channel and trade accordingly

Looking at the upper level 8181 and close above that will show some strength
in nifty further levels would be tested are 8212-8240 and important level would be close above 8269 .....upper targets would be 8289 and 8325 close above 8344 nifty will be bullish and 8389 and 8444 levels would be tested again. close above 8444 nifty would be bullish for further targets of 8466-8489 8525-8544-8575 and 8625.....close above that 8680 would be another important levels to test 8725-8756-8789....further 8805-8825 and 8844-----moving ahead 8860 and 8889 would be another important hurdle.........8914 close above taht would be 8925 and 8944 further 8989 and 9027-9060.....9089 and 9120 would be the high of previous wave high..............lets see how nifty behaves....whether history of jan 2015 is repeated or of 2008-2011 will be repeated....follow the charts and play with the above important levels.

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