Weekly charts
- trend is down
- support 17000 resistance 19000
- trend is down
- support 17000 resistance 19000
December 30, 2016
NIFTY weekly, monthly and yearly charts
Weekly charts
- trend is down
- support 7900 resistance 8300-8500
- trend is down
- support 7900 resistance 8300-8500
Market outlook
Daily charts
- trend is down on daily charts
- today, markets closed in positive
- AD was 2:1, VIX up slightly
- option writing support at 8000 resistance 8300
- trend is down on daily charts
- today, markets closed in positive
- AD was 2:1, VIX up slightly
- option writing support at 8000 resistance 8300
December 29, 2016
Market outlook
Daily charts
- trend is down on daily chart
- withing this down trend, a small rally is happening
- I do not expect rally to cross 8300
- today, markets closed in positive
- AD was 2:1 while VIX was down 3%
- option writing support 8000 resistance 8200
- trend is down on daily chart
- withing this down trend, a small rally is happening
- I do not expect rally to cross 8300
- today, markets closed in positive
- AD was 2:1 while VIX was down 3%
- option writing support 8000 resistance 8200
December 28, 2016
Market outlook
Daily charts
- trend is down on daily charts
- today, markets closed flat and formed an inverted hammer
- AD was 2:1, VIX up 3%
- option writing support 8000 (this and next series)
- stiff resistance 8300
- trend is down on daily charts
- today, markets closed flat and formed an inverted hammer
- AD was 2:1, VIX up 3%
- option writing support 8000 (this and next series)
- stiff resistance 8300
December 27, 2016
Elliott Wave Updates of Nifty after Break Below 7916
Nifty opened mild gap down at 7965 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined more than 80 points before closing 77 points down at 7908.
Yesterday, one more decline towards 7942-7932 was expected and then suggested to buy Nifty in 7942-7932 range using exact stoploss of 7915. Nifty declined till expected range but failed to bounce back and further declined below 7915 triggering the stoploss. The possibility of Irregular Pattern we were expecting is also negated after touch of 7915. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/further-elliott-wave-updates-of-nifty-after-break-below-7916/
Yesterday, one more decline towards 7942-7932 was expected and then suggested to buy Nifty in 7942-7932 range using exact stoploss of 7915. Nifty declined till expected range but failed to bounce back and further declined below 7915 triggering the stoploss. The possibility of Irregular Pattern we were expecting is also negated after touch of 7915. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/further-elliott-wave-updates-of-nifty-after-break-below-7916/
Neowave outlook of market
.....
It would also be interesting to see if ‘2016 closes below the lower trajectory line at 25500. Remember, the lower trajectory line is a rising one, and therefore, its value for ‘2017 is about 29000.
Since 29000 is way higher than the current levels of about 26000, the year ‘2017 would surely open below the lower trajectory line.
The question is whether this could lead to larger disastrous consequences like it did after breaking lower trajectory line in ‘1995 and ‘2008. At this point, we are only raising the technical concerns and not drawing any conclusions.
This is because Index is close to our downside target area of 25000-500 (Nifty 7700-7800), against which, Index has already hit a low of 25718 (Nifty 7916), which is within the tolerance levels of 1-3% allowed under NEoWave.
.....
Read more at http://content.icicidirect.com/ULFiles/UploadFile_2016122611519.asp
It would also be interesting to see if ‘2016 closes below the lower trajectory line at 25500. Remember, the lower trajectory line is a rising one, and therefore, its value for ‘2017 is about 29000.
Since 29000 is way higher than the current levels of about 26000, the year ‘2017 would surely open below the lower trajectory line.
The question is whether this could lead to larger disastrous consequences like it did after breaking lower trajectory line in ‘1995 and ‘2008. At this point, we are only raising the technical concerns and not drawing any conclusions.
This is because Index is close to our downside target area of 25000-500 (Nifty 7700-7800), against which, Index has already hit a low of 25718 (Nifty 7916), which is within the tolerance levels of 1-3% allowed under NEoWave.
.....
Read more at http://content.icicidirect.com/ULFiles/UploadFile_2016122611519.asp
Market outlook
Daily charts
- trend is down on daily charts
- today, markets closed 1.6% in positive
- advance decline was 3:1, VIX down 10%
- buying was from 7900 region which is a very good support
- pattern almost formed today : bullish engulfing bar
- option writing support 7900 (this series)
- option writers see limited upside in JAN series (max 8500)
- trend is down on daily charts
- today, markets closed 1.6% in positive
- advance decline was 3:1, VIX down 10%
- buying was from 7900 region which is a very good support
- pattern almost formed today : bullish engulfing bar
- option writing support 7900 (this series)
- option writers see limited upside in JAN series (max 8500)
Contract note of my fast trade
Many people refused to accept my fast trade of 26-DEC.
Well here is the contract with timestamps. Bought 7900 PE at 9.25am and exited at 10.00am. Note the high for the put was around 45 but then you cannot exit at highs.
Was out of the house by 10.15 (no contract note here).
Disclaimer: there have been many trades where I have lost money at the same speed. But the value of profit making trades vastly exceeds that of loss making trades.
Well here is the contract with timestamps. Bought 7900 PE at 9.25am and exited at 10.00am. Note the high for the put was around 45 but then you cannot exit at highs.
Was out of the house by 10.15 (no contract note here).
Disclaimer: there have been many trades where I have lost money at the same speed. But the value of profit making trades vastly exceeds that of loss making trades.
December 26, 2016
Market outlook
Daily charts
- trend is down on daily charts
- today, markets closed in negative
- AD was negative, VIX up 10%
- below 7900, fall of another 200 points possible.
- trend is down on daily charts
- today, markets closed in negative
- AD was negative, VIX up 10%
- below 7900, fall of another 200 points possible.
December 25, 2016
When in doubt, confuse mango people
Mango people = aam aadmi
3 Cs in politics .... convince, corrupt, confuse.
The last C always works.
Learning Python now
Just started learning Python. At 50+ the fun just starts.
Learning should never end. And one is never too old to start learning anything.
LEARN more at https://www.codeschool.com/learn/python
Learning should never end. And one is never too old to start learning anything.
Subscribe to:
Posts (Atom)