Tag Archives: Nifty Weekly Technical Analysis

Nifty Weekly Technical Outlook for 08th June’15

Success is a journey, not a destination.  The doing is often more important than the outcome. – Arthur Ashe.

In the beginning of this month markets gave an indication of northward moves, but the hope of recovery lasted only for a day, and on Tuesday when RBI announced 25 basis point Repo rate cut, market gave up all the gains, and to some extent monsoon forecast which release just after the rate cut added further fuel in selling pressure. Nonetheless, I was expecting positive move, and my anticipation went wrong, however I was very well aware that I am taking a contra bet, as most of the factors were not in favor of bulls, but I prefer to take my stand. In the coming week some Global tensions will decide our forte, which is out of our control, in that scenario let’s see what technical charts are suggesting us and how we should position ourselves, against the odds.

nifty outlook for coming week way2profit

Nifty Daily Chart

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Nifty Weekly Technical Outlook for 28th Apr’15

The week of Dilemma or Killing Volatility

Last week when I was writing, I was little confident that Nifty is likely to find support somewhere above 8470 levels, and I mentioned that very clearly. But, on Monday when market opened marginally higher and breached 8470, made a low of 8422.75, I was surrendered, and it was very clear that Nifty opened window for 8270 levels. Now on Tuesday & Wednesday Nifty drifted further lower, made a panic low of 8284.70 and recovered sharply from the lows, formed Hammer kind of candlestick pattern, which again reinstated hope of recovery in left over days, but unfortunately I was right only for first half of Thursday, in second half Nifty again gave up all the gains, and lastly on Friday it made another low of 8273.75 and lastly closed at 8305.25. Generally, I don’t prefer to bore you with describing last week’s price action, as it is of less use now, but In last five sessions we have seen extreme volatility, in an intraday Nifty moves were crazy and trust me whether you are long or short you are bound to give stop loss, no matter how smart you are, unless and until you are a positional trader and holding position without stop loss.  Honestly speaking trading such market becomes very difficult.

nifty weekly chart 28 apr

Now let’s see how we should approach this market, for detailed analysis you need fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register, Please note if you are already registered then there no need to register again, you’ll shortly receive newsletter.

Nifty Weekly Technical Outlook for 13th Apr, 2015

Win over your emotions.

Many of my readers must be thinking that, it is easy to do an analysis and writing once market is over. I certainly agree with them, and may be after looking at last Thursday’s  and Friday’s price action, when Nifty almost gave a signal of breaking down and recovered from the lows. Honestly, it is very difficult to stay firm and maintain long position, if you are sitting in front of screen, even it was difficult for me. Today it is very easy for me to say that Overall tone of the market is Bullish, and Nifty was about to go higher after making a low. No I wouldn’t say this, rather I would admit that it was difficult and challenging task. From above observation, time and again I am coming across only one thought; You can make money in the market not with winning strategy, but with winning over your emotions.  Continue reading

Nifty & Bank Nifty Weekly Technical Outlook for 03rd Feb, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

 

Winners make a habit of manufacturing their own positive expectations in advance of the event. – Brian Tracy

Well, we have to agree with above quote. It is said that if you don’t believe in yourself than nobody is here to believe in you, so first you have to believe in You. Time and again we are saying and it is proved that nobody can stay right all the time in the market, even best of best traders are ready to accept their defeat and that is why they are best and winners, but even to prove wrong you have to have view and confidence in your understanding or for that matter in your trade. Yes, there is very thin line between faith, confidence and overconfidence.

Last week, Bears have confidence in their working and they proved it, but fruits of success were available only for that trader who has smartly taken position on Friday only, because there was choice available on Monday, as market opened sharply lower.

To understand and trade wisely let’s take fresh look on the market and see whether we can take something out of it or not?

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 27th Jan, 2014

Bank Nifty Daily Chart

Bank Nifty Daily Chart  

Nifty Daily Chart

Nifty Daily Chart

 

Patience, persistence and perspiration make an unbeatable combination for success. – Napoleon Hill

What happens when you are extremely hungry and about to start your food and suddenly cell phone starts ringing! Your first reaction would be just to ignore the phone, but your wife looks at the mobile screen and it was none another than your Boss. Now you don’t have a choice but to answer it. And, just to stretch further, if you have to rush for some emergency leaving aside your food, what would be your mental status at that point in time? Exactly, that is what is happening in the markets. Last to last week, it was quite evident that Bears have fare chance to control the game, but that could not materialize, and in last week when it was Bulls who were very close to knock the door of victory they turned down in last Friday. And now it is the situation, where neither party can gulp the bite, and to one more complexity will be added during this week will be expiry.

Let’s take holistic view and see what stand we should take during coming week.

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 13th Jan, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Head Bulls Win – Tail Bears Win!!!

It is during our darkest moments that we must focus to see the light. – Aristotle Onassis

In line with our expectation clouds of uncertainty was weighing heavy on the markets, and we could not see much action in most of the counters, but it was Infosys who grabbed the attention of the market, although price action was moderate, but as always earlier years superstar remains superstar.

At this juncture market is in clear uncertainty, because whether you heard Bullish story or Bearish Story, both have their own validity and almost equal probability. So, is it just matter of toss, Head Bulls Win, or Tail Bears Win. And above that you have your own and you got more confused, because you also had Fear, that if I may go Wrong than?

From last year or so we are helping our readers to reduce the confusion, and give straight view. If you want to know on which side of the market should you take the stance, than just subscribe to our weekly newsletter. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 06th Jan, 2014

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Year 2014 begins with downside surprise to most of the traders, as markets were expecting at least one upside move. Basically, in last couple of weeks, precisely post Diwali, market has build perplexity around it; there are traders who strongly believe that still we have to see huge round of sell-off as one higher degree of corrective move is still pending, and there are traders who totally negate the idea, based on their understanding and analysis. Now, there is another factor which is more important i.e. FII’s money flow, we all agree or not most of the times it is their analysis which drives the overall market.

Lets take some inference from technical studies and see where market is heading in coming week. To read our full article you need to fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 30th Dec, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

He, who every morning plans the transactions of the day, and follows that plan, carries a thread that will guide him through a labyrinth of the most busy life. – Victor Hugo

A year is about to over and in the week itself we are going to enter in the year 2014. As an individual we should assess and evaluate ourselves about our past and project for future. During the course it happens that you divulge in something else, by choice or force but, you should plan, because without planning you are driving your car in clueless direction. Above analogy fits into the markets as well, but we take it with little twist. We don’t insist to forecast the future price and direction of the market, as it will put you fumbled every time and you are bound to stay in your boundaries and regret to catch the right price movement. Why should you, rather we believe stay in today and understand what could be price movement of in near future and trade the market, simple. By doing this neither you are stuck nor to feed sad, and in return enjoying the fruit of success. So, friends why don’t we pass some resolution for our trading also. (Click Here To read Trading Resolutions

Year 2013 begins with 5900 level and at the end of the year we are just at 6300 levels, yes we saw volatility, but directionally we could add only 400 points in our kitty, which is just 6-7% add on. Lets take a look where market is taking us in coming few weeks. To read our full article you need to fill in details here and our newsletter will be dispatched in your mail box by tomorrow. Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 16th Dec, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

A question that sometimes drives me hazy: am I or others are the crazy? – Albert Einstein

Trading in a market is not guesswork, but you should also note that with all your analysis market can keep you astray, and that too, for uncertain time period, which can prolong for days, weeks or months also. But, if you confidence in your analysis and have patience to hold your view (can’t say about position), then chances of you to outperform the market is very high.

Honestly, we were looking at few blogs (not keeping track of their performance), who brings together real traders and in all they follow some simple rules and guideline from the mentor, and most importantly patience, that is what they earn, make them consistent, and successful in the market.

Passed week was challenging for many traders who were short in the market, or for few who was trying to put step in the market and make some profit. But unfortunately, after putting lots of efforts and hours, they could not find their pie. Do this means, that you are wrong or do that mean that your analysis was wrong??. Whatever may be the answer, we don’t care. We believe that, you have a solid chance to win, because above question comes in your mind, and that question it self leads to you answer and make legible to grab your pie. All the best.

If you want to know, what we are thinking about coming and what is our expectations from coming week, than simple you have to fill in details below, and our understanding of report will be delivered to your mailbox, free of cost…Click here to register,

Nifty & Bank Nifty Weekly Technical Outlook for 02nd Dec, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

“Ham Me Hai Hero”

Every market runs on hope, greed and fear, for that matter, in fact every business runs on the same principles, and it is those who understand the psychology in best possible manner wins the race, turns out to be a hero of the game. For our markets, somebody calls FII’s as a Hero of the market, or sometimes we feel that they are purposely portrayed as a hero, basically their unity, understanding and money flow gives them upper hand to diktat the market. But, if our understanding is right, we have done our home work and remained objective than we can proudly say that “Ham Me Hai Hero”

Expiry is over, and now everybody is eyeing on Election results which are due in next week. Many speculations rolls around the market, about USD/INR situation, impact post result announcements. At this juncture traders are more concerned about their standing position other than nation’s future, hard fact, but reality. In this situation we are trying to analyze things in our way, with clear focus on what should be the trading strategy in the coming weeks.  If you wish to read more about our understanding than you need to register here