Ready for UP tick soon!!!

Hi friends,


Yesterday markets outshine Asian peers where Nifty managed to closed in green.

After a fall from 8375-7670 (700 points), On daily charts it has formed pattern with RSI divergence.

Candle Stick pattern on daily - Hammer with RSI candle divergence.

Looks like Nifty has created a bottom with strong supports @ 7760 - 7660 and key resistance @ 7950 - 8050. A decisively break above 8050 - 8060 will lead Nifty to touch 8200 - 8250.

Good Stocks are available at great value, Pick good stocks for medium term and long term.

Short term picks - Relcap, Gail, L&TFH, Tatamotors.

Trade with SL & with proper MM.

Will be posting soon.

Thanks.

BULLs ready for a move.

Hi friends,


After a huge sell off yesterday (500 points),  Nifty charts showing weakness in down trend.

Formation of patterns + Divergence on hourly charts confirming that bulls are charged and equipped for BUY.

Break above 7930 will lead Nifty towards north - 8050-8100-8200 levels can be seen soon.

 Traders trade with Strict Stoploss as volatility has increased a lot. (~25% vix), Signs volatility to prevail in the coming days.

Trade with SL & with proper MM.

Will be positing soon,
Thanks.

 

Indices bleed!!!

Hi friends,

Sensex crashed by more then 1600 points in one day, Biggest fall for the financial year.

For investor a good time to accumulate good stocks at good values. Coming period will be good for long term investors (10-20 years). Goods stocks are trading at a 25-30 % discount values go and accumulate stocks.

Nifty -After a biggest fall it now trading @ 7790 - 7810 levels, key support now is 7730-7700 below 7700 will confirm further downside and a decisively break above 8000 - 8050 levels will be turning point.

Advise not to panic and look at opportunities for long term.


Will be position soon.
Thanks
Trade with Stoploss & with Proper MM.

Global seldom drag indian market

Hi friends,

Global seldom drag Indian markets, but does Indian markets are looking very weak... Don't think so.

China PMI @ 2 year low, Greece PM Alexis Tsipras resigned which are the reason of today's fall.

Nifty - Trading at supports @ 8230 - 8190 on daily charts, 8213 retracement level (61.8%) of 7940 - 8655 levels.

Advise not to panic and look at opportunities for long term as well as for short term.


Will be position soon.
Thanks
Trade with Stoploss & with Proper MM.

V Shape recovery... HOPE IT CONTINUE

Hi Friends,

After a step fall on Nifty from 8620 - 8340, Nifty is now trading at support zone on daily charts.

A break above 8440-8450 will lead Nifty to 8520-8560 levels in 1-2 days.

On daily charts - Its trading at support zone of 8340 - 8300, Hidden RSI Divergence confirming a Upward journey.

Buying at the current levels will be good with small risk.

Will be posting soon. Stay blessed.

Thanks.

Stressed out!!!

Hi Friends,

Nifty break and sustain above 8450 and touch 8570 & almost 8600 levels in today's trading session.

Hurdles for Nifty- 8600 - 8640, A break above 8660 will lead nifty to 8700 - 8760. But time is to wait and watch whether Nifty is able to sustain above 8640 - 8660 or A short trade @ 8620-8630 with proper confirmation on charts will be awaited.

As of now its wait and watch game for traders.

 

Will be posting soon. Stay blessed.

Thanks.