Tag Archives: Bank Nifty Trading Strategy

Nifty Weekly Technical Outlook for 05 Oct’15

Finally much anticipated Rate Cut announced by RBI and once again it gave a big surprise to street by cutting 50 BPS, as 25 BPS was very much discounted by the market, also 50 points rate cut was not expected. We very well know that it’s positive for Equity markets, but does it managed to change the technical scenario at all? Let’s consult our charts and see whether RBI has set the tone for Bottom or not. 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.

05 oct nifty outlook

Finally week ended with gains of 82.40 points or 1%. Technically if we see Nifty not even manage to move above previous weeks high of 8021.60, as cluster of resistances are placed in the vicinity of 8020-8060 levels. As of now weekly candle indicates buying interest from lower levels, however moving forward it need to decisively close above the previous weeks candles.

If we see there is no much difference between previous week and last week, moreover prices remained in the same range.

Technically, Nifty is struggling to surpass and sustain above Gap area created on 24 Aug and for bulls it will be real challenge.

Last week’s review – it is always prudent that not to trade on the third day of any move for a continuation of that move. If you have a missed bottom or top three day move against the trend is normal movement, so wait patiently for Monday’s closing, meanwhile one may initiate longs for small objective with small stop losses, like buy above 7885 keeping stop loss below 7840 for smaller objective… If on Monday NF manages to close above 7950 then it may set the tone for further upside.  As expected Monday remained quite volatile and finally Nifty ended sharply lower. The way in which Tuesday market moved, hardly anyone would have got a chance to initiate longs, and lastly week ended exactly at 7950.

Even during the last week it was very clear that bullish tone will only set above 7950 and now we are standing exactly on that point. So I would prefer to stay long only above 7950, stop should be placed below 7880, looking for upside of 8050 and if NF manages to sustain above 8050 then 8200 would be next level to watch for. What if market falls below 7880, in that case don’t turn aggressively bearish, wait for a while. So let’s keep finger cross and see whether we manage to test 8200 levels.

Nifty Weekly Technical Outlook for 28 Sept’15

Jury is out to call for bottom

In last few sessions market reacted in unexpected fashion, when it was not expected that market may fall from highs-it does, when some follow through was expected market bounced back, and again remained moreover sideways to positive. Market is changing its gear very quickly, at one time you start the day expecting momentum to trigger and whole game changes to mean reverting and next day when you plan to do some mean reverting, for sure you are going to hit the stop losses. I am sure many of my trader friends would agree with me. After placing a low of 7540 there is a jury out to call for bottom or not, and from their talks none appears to be confident enough to take a call here, and so as I, however at the end of this report I will share my gut feeling with you, that is for sure.  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.

chart of nifty way2profits

Nifty Weekly Technical Outlook for 21 Sept’15

In what state of mind market is??

Finally Fed decided to keep rates unchanged, so quandary does not end here, it keeps on going, now again after few days market will start speculating on it, but I think nonetheless this factor is already discounted. Coming on to our markets now we are speculating on RBI’s stance, whether they reduce the rate or not, and looking at price action it seems that traders are already betting heavily on interest rate sensitive stocks, and now waiting for things to actually take place. Our markets are on the path of maturing, but still it lacks liquidity & confidence. In the coming week expiry is lined up and speculation regarding rate cut, so how to position ourself in such a situation, lets analyze the facts and come to a conclusion. 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.

outlook on nifty for 21 sept onwards

 

Nifty Weekly Technical Outlook for 14 Sept’15

Please end the quandary

Last many weeks passed in a doldrums and jitters, wherein one day we were worried about China Yuan devaluation, and next day about war between South and North Korea, and now whether Fed will hike the rate or not? So finally in this week, we’ll come to know the status of Fed rate and to some extent decision of RBI will also be dependent on that.  Hope to end this quandary by this week.

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weekly nifty outlook 14 sept'15

Nifty Weekly Technical Outlook for 07 Sept’15

Bleeding Street…

I know most of my readers are traders and they can adjust their position with falling market as well, but out of all few are hardcore Investors as well and they are more concerned with their portfolios, as many of them must have accumulated stocks at higher levels, and now they are stuck. The whole market is bleeding because numbers of Investors are relatively larger then trader’s community.

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NIFTY DAILY CHART 05 SEPT

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.

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.

technical view nifty 13 July'15