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Trend follower in nifty
Monday 7 November 2016
Monday 17 October 2016
Wednesday 31 August 2016
Nifty Technical View as on 31.08.2016
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1) Stop and Reverse : As per S&R nifty is in Uptrend and the Bull wave continues.8624 holds teh key level from SAR point of view. LAst month nifty was range bound with no clear direction.on the upper side 8689 on a closing basis was the key level, on the lower side 8540 was the key. Expiry was jackpot for the bears as (8600 PE) 1.5 Rs Put closed at 8 Rs and at one point it went to 18 and back to 0.80 and again bounced and closed to 8.
Daily SAR > 8624 is the key level on a closing basis ..8557 is the best support.
Weekly SAR > 7979 is the weekly level for the Bulls to be broken on weekly close basis
Monthly SAR>> SAR for monthly was 8744 which today got triggered and on monthly basis last time the sell got triggered was in jan 2016 wherein nifty closed below 7720 (monthly close was 7562) which further dragged nifty to 6833 level in hte next month..SAR shifted to 8748 for Bears on monthly close level..Today the SAR got triggered and nifty is in Monthly Buy level...should take to 8893-9067-9138 further towards 10460........The support needs to be watched on weekly and monthly basis.
Below is the Pictorial view to understand better the movement of NIFTY_BULLWA with immediated support at 8723 further 8689...on the higher side 8846 will take nifty to 8889 -8914 -8936 further 8966 and 8994..below is monthly Chart
Daily charts with key levels>>
COMING SOON........................www.niftymantra.com
Disclaimer :Above views are from study point of view and not a trading call
Friday 11 March 2016
Nifty view for next week
Nifty Charting..Probababilty of 7701 and 7258 both are opened as of now but there are few deciding prices which need to be watched ..7535 and 7582....very important prices...triggered can be pulled down or up depending upon whats there in big mind...OI will give you clear picture...Price action gives you advance Caution what is there in there mind accordingly OI behaves later on and charts form thereafter.
Vix is at crucial level whereas nifty is also at its crucial level...
Next price action which is deciding level for NF is 7480 if trades below then 7465-7435-7416-7407 and further 7380-7361 can be tested lower targets for the bears are 7244 which is most deciding level we need to analyse charts also at that time.
Upper target can be 7535-7582 -75610 spot further 7666 and 7702 are the most crucial level for Bulls also 7740 would be the final level if at all it need to be tested in this wave.
But as per my analysis if at all that has to be tested then 7244 should come first...above 7744 we will enter in Bull Run......and yes that would test the higher levels moving ahead..we will keep you updated.
Vix is at crucial level whereas nifty is also at its crucial level...
Next price action which is deciding level for NF is 7480 if trades below then 7465-7435-7416-7407 and further 7380-7361 can be tested lower targets for the bears are 7244 which is most deciding level we need to analyse charts also at that time.
Upper target can be 7535-7582 -75610 spot further 7666 and 7702 are the most crucial level for Bulls also 7740 would be the final level if at all it need to be tested in this wave.
But as per my analysis if at all that has to be tested then 7244 should come first...above 7744 we will enter in Bull Run......and yes that would test the higher levels moving ahead..we will keep you updated.
Saturday 16 January 2016
Stocks are down--Kya Karu Bhai???
Stocks are down — what to do?>>>>
Think Twice.....APPLE INC WAS DOWN 41% that is it went down fom $17 to $10(during 1994 to 1998)..(41% loss in portfolio).....In 2009 it was $10 can you believe.....and in 2012 it was $100 ......(3 years return in terms of % is 1000).........in 2013..it again went to $60.......In 2014 again its started rising.....and Split 7:1.......and in 2015 it was at its peak $134.50......Well today its $97.........So decide what you want how much you want.....Jindagi mein kitne baar hum gir kar khade ho jaate hain........Apno ka accident ho jaata hain...They go through Family problems financial problem.....Kya hum unn Apno se rishta tood dete hain.....NAHI...........Treat this stock also like your APNE your baby...let it grow....get it time UTTAR CHADAV TOE AATE HI RAHEGE JINDAGI MEIN......Daro maat......DAATE RAHO.......LAGE RAHO........HAARNE KA NAHI BHAI JINDAGI MEIN......Be with your nearer one when they need you..Be with your stocks....Provided they are the best one.
2008>>
2013>>
2015>>
BEAR MARKETS ARE BEST FOR INVESTMENT>>>CHOOSE THE RIGHT STOCK FOR INVESTMENT..
Those interested in training how to pick right stock and different strategies , i will be glad to train them
Wednesday 12 August 2015
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
as of now 8325 in bank nifty and 17789 in bank nifty seems to be solid level.......Trendline is showing correct picture
Saturday 8 August 2015
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
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
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As updated in my previous post dated 4th August "" Bulls aretargetting 8589 and 8644 level...further 8725-8744-8789 and 8844 leve...
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Nifty Close above the previous days close....low was tested again...7933....8022 will be the crucial level again ....a close above that nif...
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Stocks are down — what to do?>>>> Think Twice..... APPLE INC WAS DOWN 41% that i...