Tag Archives: Bank Nifty Technical Analysis

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Nifty Weekly Technical Outlook for 24 Aug’15

Real Challenge

It seems that now situation is in favor Bear camp, honestly for them everything fall in place, because I am damn sure no Bears have expected such tumultuous situation which took place during last week. Global markets are under great uncertainty and currencies & crude are adding further vigor to it, in fact everything is interconnected and you can’t speak one in isolation. All in all now it is a Real Challenge for Bulls – Bulls are all those guys who are already long in the market, some are with their prized savings (Investors, Traders), some are with others savings (Mutual Funds) all are going face tough times. So let’s for next week how trader should position themselves keeping ongoing chaotic situation.

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nifty chart 24 aug

Nifty Weekly Technical Outlook for 17 Aug’15

Happy Independence Day

Momentum is not the only trade…

Last week was another super challenging week for all of us, Monday-Profit Booking, Tuesday-Sell-off continued (Parliament logjam), Wednesday-Yuan worries, Thursday-CPI data came and gave minor relief, and lastly Friday-WPI and hope of another rate cut and reschedule of Parliament session. So by Wednesday people started talking about sub 8000 levels and suddenly on Friday hope of new highs. Now it becomes a fashion to drive by momentum, you’ll see very rare talks about standing contra to momentum, as fear of failure may take front seat while speaking anything contra. So let’s see whether we should go contra or join hands with momentum.

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outlook on nifty 17 Aug'15

Nifty Weekly Technical Outlook for 10 Aug’15

Markets in confused mode…

I always believe that reading market is an art, as you are trying to read the mindset of mass which includes smartest of smart guy and dumbest of all, but ultimately crowd gets segregated in broadly two category, one camp who has Bullish bias and another with Bearish Bias, there is another group of people who likes to keep mum but relatively number could be small, as compulsion of trading would not allow many to step aside (even though they knows the fact). So we have mass divided broadly in two categories-but what if, both groups get confused? Neither Bulls are ready to take charge, nor Bears are aggressive enough. It seems that currently Nifty is passing through such phase and nobody is clear to take firm stand. Let’s try to analyze and see where the probability of winning is favorable, that’s what we can do, rest market will tell us whether our assumptions went right or not.

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NIFTY WEEKLY OUTLOOK 10 Aug 2015

Nifty Weekly Technical Outlook for 27 July’15

Markets moves on its own…

Few days back I met one of my friend and he was frenzied about his expectations, as based on his analysis market is supposed to move higher, and at the same time one another friend of mine was sending me probabilities of market making a top here and likely to slope. How discrete both the opinions are, and mind you at some point in time both have proved their talent, so even I can’t challenge their idea. But this how market moves on its own, as if there is a buyer then there is seller and in the end one becomes winner and other becomes a loser, as one has to pay to another. Now who is going to pay to whom where whole dilemma lies in, but if you stay focus and follow the discipline then I am sure market will pay you, no matter at what side you stand. So once again I try my best to analyze and help you to get paid.

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Nifty Weekly Technical Outlook for 20 July’15

Markets keeps us puzzled…

“Eid Mubarak to all”

Does market keeps you puzzled? If your answer is Yes, then don’t worry you are there with not least then 95% of the crowd (or may be 98-99%), and if you are answer is No then you are the indigenous and you certainly rocks.  Most of us struggle to catch the right direction in the market (yes, including me), and if we come out with some conclusion then that is some thoughtful guess or probability based on our learning and experience which makes most of the difference. If we see in last one and half month market gave us some nasty surprises, placing a low of 7940 and recovered so quickly and swiftly, and now standing at 8600+ levels, and now what next? Again you are puzzled?? So lets try to solve this puzzle and see how to position for the coming week

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nifty technical view 20 july

 

Nifty Weekly Technical Outlook for 13 July’15

The Rule of Game – Keep Plan-B ready

When we play any mind game for example Chess or Cards, probability of winning game not only depends upon only on your techniques you know about the game, but also depends upon how you predict the next move, or with some refinement you understand psyche of your opponent and able to forecast next probable move, may be this theory does not apply in every game, but it certainly applies to stock markets. Stock market is reflection of psychology of mass (market participants) and if you able to guage that, then I think you are the master, and not to mention that there are many masters and super masters here, and I know few of them are subscribed to my newsletter as well, maybe you are one of them. Every trader and analyst try to approach market with different yardsticks and come to a conclusions, sometime go right sometimes go wrong, but I believe smart trader is those who are ready with Plan-B when the initial expectations go haywire. So let’s see what is Plan-A and Plan-B for coming week.

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Nifty Weekly Technical Outlook for 06 July’15

Nifty near Inflection Point…

From last many days our market is reacting to global concerns, mainly of Eurozone-Greek crisis, daily some or other news flashes- and still uncertainty persist, hopefully may get some answers by Monday. However, bigger worries hover around Chinese stock market which lost significant market-cap in last couple of days. The week will start with Greece news and also results season will kick-off, all in all it remains a question mark for those who understands little about macronomics and very big question mark for those who understands the macro and digging further (some times more knowledge, may create more quandary). In the markets, with experience I have learnt that whenever you fail to understand what is happening around, and standing in dilemma, it is always better to ignore the noise (news & media) and do what charts & data is suggesting you, period. So let’s see how to position yourself in the coming week, to read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter. To read last week’s full report click on this link to download the report.

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Nifty Weekly Technical Outlook for 29 June’15

Hitting the resistance…

Markets always surprise us, and if you just see in flash-back then it may give you some useful insights and lessons, and technical analysis is all about past and projecting future, isn’t it? The week gone by was surely in control of bulls, but when bulls showed their real strength, I think it was only on Monday when Nifty moved sharply higher, and instill confidence in broader market, and I would say that it may have enticed retail participants, post this event Nifty remained in almost 100 point range. Finally, Nifty managed to close above its previous expiry level of 8319, which opens window for further upside, but the move may not be that swift. So how you should position yourself for next week, to read full report you need to Register here (it’s free), and if you are already registered then there no need to register again, you’ll shortly receive newsletter. To read last week’s full report click on this link to download the report.

nifty view 29 june way2profits

 

Nifty Weekly Technical Outlook for 22 June’15

Positive surprise…

The week passed by gave a positive surprise to Bulls and disappointed the hardcore Bears of the market. If you recollect pessimism in earlier week’s were so high that nobody had thought in his/her wild dream that by the week-end we’ll be standing tall above 8200 on positive remark. To stay afloat into this market you need to remain little flexible, you can’t stay adamant to your idea and analysis, otherwise you might put yourself in big trouble. And you need to stay true to yourself, if you fall in trap of lying with yourself, then I think it is biggest loss of yours, because it is not you are lying to yourself, but you are not ready to listen what market is saying, and as we know “Market is Supreme”, so be honest to yourself. If you are reader of my newsletter then you must know that I am the first person to admit my mistakes, and move forward. Now first take a look at what happened last week, and what to expect in coming week.

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Nifty weekly price outlook way2profits

 

 

Nifty Weekly Technical Outlook for 15 June’15

Stock market is a reflection of an economy, and price is a reflection of state of healfishermanth of economy.  As Martin Pring noted in his book, all price movements have one thing in common: They are reflection of the trend in the hopes, fears, knowledge, optimism, and greed of market participants. The week passed by was nightmare for hardcore bulls and rejoice for bears, however I believe that ratio of bulls should be higher in compare to Smart Bears. In hindsight, move of Thursday was a trap for small fish (read as retail participants) by Fisherman (read as FII’s and few large institutions). Once again last week set an example for us, and we should learn from that, and restrict ourselves from committing same mistakes again and again.

nifty technical weekly view 15 july way 2profits, nifty positive divergence

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