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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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Post: #31  Posted: Wed Sep 05, 2018 12:44 am Post subject: |
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| amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
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amit522
White Belt
Joined: 31 Oct 2017
Posts: 117
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| Post: #32 Posted: Mon Sep 10, 2018 2:05 pm Post subject: DOW FUTURES SUDDEN SPURT |
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There is a sudden spurt in Dow futures
Today's downfall looks like a bear trap.
The jump from 25985 to 26030 is significant and we may see upside very soon.
Regards,
Amit |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #33 Posted: Mon Sep 10, 2018 8:18 pm Post subject: |
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| chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #34 Posted: Fri Sep 14, 2018 11:03 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
As per my previous msg Nifty has closed below monthly S1 and temporarily reversed,but mkt is in LH and LL pattern.It will continue it's downward journey until breaking recent LH 11603.Nifty has moved down side more than 500 points so far from all time high 11760 to 11250.So shorters keep tsl either LH 11603 or close above monthly pivot 11560.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #35 Posted: Wed Sep 19, 2018 1:27 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
As per my previous msg Nifty has closed below monthly S1 and temporarily reversed,but mkt is in LH and LL pattern.It will continue it's downward journey until breaking recent LH 11603.Nifty has moved down side more than 500 points so far from all time high 11760 to 11250.So shorters keep tsl either LH 11603 or close above monthly pivot 11560.This is my view only. |
Nifty unable to close above monthly pivot and again closed below monthly S1.Will it take support here again or go down further?This time nifty closed below Hourly fobo number 11323,so very remote chance for taking support.To move up either nifty should daily close above S1 or atleast (Hourly) fibo number 11323.Otherwise nifty will move towards next fibo downside number 11179.Let us hope for the best.(This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #36 Posted: Sat Sep 22, 2018 12:37 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
As per my previous msg Nifty has closed below monthly S1 and temporarily reversed,but mkt is in LH and LL pattern.It will continue it's downward journey until breaking recent LH 11603.Nifty has moved down side more than 500 points so far from all time high 11760 to 11250.So shorters keep tsl either LH 11603 or close above monthly pivot 11560.This is my view only. |
Nifty unable to close above monthly pivot and again closed below monthly S1.Will it take support here again or go down further?This time nifty closed below Hourly fobo number 11323,so very remote chance for taking support.To move up either nifty should daily close above S1 or atleast (Hourly) fibo number 11323.Otherwise nifty will move towards next fibo downside number 11179.Let us hope for the best.(This is my view only. |
Finally mkt has cleared July-aug contract close gap by breaking monthly S2, and closed inbetween S1 and S2 but below nearest hourly fibo number 11179 and also below Jan2018 high.Nifty has taken support at interim trend support line even after breaking main trend support and closed above main trend line.To continue up side it should close above hourly fibo number 11179.otherwise down move will continue.If it breaks main support line(Yellow line) and S2 once again there is a chance of retesting the recent low.Be cautious.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #37 Posted: Tue Sep 25, 2018 1:55 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
As per my previous msg Nifty has closed below monthly S1 and temporarily reversed,but mkt is in LH and LL pattern.It will continue it's downward journey until breaking recent LH 11603.Nifty has moved down side more than 500 points so far from all time high 11760 to 11250.So shorters keep tsl either LH 11603 or close above monthly pivot 11560.This is my view only. |
Nifty unable to close above monthly pivot and again closed below monthly S1.Will it take support here again or go down further?This time nifty closed below Hourly fobo number 11323,so very remote chance for taking support.To move up either nifty should daily close above S1 or atleast (Hourly) fibo number 11323.Otherwise nifty will move towards next fibo downside number 11179.Let us hope for the best.(This is my view only. |
Finally mkt has cleared July-aug contract close gap by breaking monthly S2, and closed inbetween S1 and S2 but below nearest hourly fibo number 11179 and also below Jan2018 high.Nifty has taken support at interim trend support line even after breaking main trend support and closed above main trend line.To continue up side it should close above hourly fibo number 11179.otherwise down move will continue.If it breaks main support line(Yellow line) and S2 once again there is a chance of retesting the recent low.Be cautious.This is my view only. |
Be cautious already Nifty has broken the main trend line(Yellow) and still below 100DMA,now taking support so far @200DMA & interim trend line (Red line.If it break and closes below this an another fall will be there.This is my view only.
Last edited by chandrujimrc on Tue Sep 25, 2018 2:46 pm; edited 1 time in total |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #38 Posted: Tue Sep 25, 2018 2:15 pm Post subject: |
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| Even though mkt is moving as per correct logic,crude going up,dollar going up so mkt going down,but each and every common man is talking about stock market.Which means mkt is in oversold condition and also Rsi entered in to 30-25 zone so any time we can expect a sharp bounce back.This my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #39 Posted: Thu Sep 27, 2018 12:21 pm Post subject: |
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| I think Nifty option max pain is 11200.So wecan try 11100,11150,11200CE,Either Hero or Zero.This is my view only.Do your analysis. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #40 Posted: Sun Sep 30, 2018 4:05 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | amit522 wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | Dollar price going up,Crude price going up,Nifty&Bank nifty P/E going up and mkt also going up with -ve divrg.So be cautious. |
Pink marked areas are Rsi divergence areas where mkt has given minimum 500 points benefit.Moreover mkt at R1 of Aug with -ve divergence,so try to reduce long positions or keep strict Tsl and get ready for taking short positions probably after this expiry or a close below previous weekly close.Hereafter there is a chance of huge gap down opening to avoid giving chance to retail traders taking short positions.This is my view only.Do your analysis and trade accordingly. |
Till the time a mass of people be on CAUTION ALERT, market will not come down.
a Bull run is born on pessimism, grows of skepticism and dies on Euphoria.
There is no Euphoria in market and hence the inverse reaction. Everybody is feeling that this run has now run too long and hence buying puts, which makes manipulators make more money by going against the general sentiment
Regards,
Amit |
Nifty closed below monthly pivot,so market will continue downward journey until two consecutive daily close or a weekly close above 11680.Slowly it will try to fill July-aug contract gap.It is my view only. |
As per monthly levels,
R2 12082 R1 11878 PP 11557 S1 11353 S2 11053 mkt again closed below monthly pivot.so hereafter it will try to break and close below S1.If it closes below S1 it will confirm the -WW channel entry and also move to July -aug contract gap filling area which is above monthly S2.This is my view only ultimately mkt is the supreme. |
As per my previous msg Nifty has closed below monthly S1 and temporarily reversed,but mkt is in LH and LL pattern.It will continue it's downward journey until breaking recent LH 11603.Nifty has moved down side more than 500 points so far from all time high 11760 to 11250.So shorters keep tsl either LH 11603 or close above monthly pivot 11560.This is my view only. |
Nifty unable to close above monthly pivot and again closed below monthly S1.Will it take support here again or go down further?This time nifty closed below Hourly fobo number 11323,so very remote chance for taking support.To move up either nifty should daily close above S1 or atleast (Hourly) fibo number 11323.Otherwise nifty will move towards next fibo downside number 11179.Let us hope for the best.(This is my view only. |
Finally mkt has cleared July-aug contract close gap by breaking monthly S2, and closed inbetween S1 and S2 but below nearest hourly fibo number 11179 and also below Jan2018 high.Nifty has taken support at interim trend support line even after breaking main trend support and closed above main trend line.To continue up side it should close above hourly fibo number 11179.otherwise down move will continue.If it breaks main support line(Yellow line) and S2 once again there is a chance of retesting the recent low.Be cautious.This is my view only. |
Be cautious already Nifty has broken the main trend line(Yellow) and still below 100DMA,now taking support so far @200DMA & interim trend line (Red line.If it break and closes below this an another fall will be there.This is my view only. |
Nifty once closes below 11179 was unable to close above 11179 again, but still taking support @200 EMA and interim trend support line(Yellow line).Once break this area and closes below yellow line there will be another fall.But market will take strong support here because already it is in oversold condition,so mkt will try to move up any time.As per Fibonacci number Nifty moved down to 10857 and closed in between 10891 and 10946 once hourly closes above 10946 slowly move towards 11179,otherwise it will move towards the downside next number 10713.After close above it will continue its journey towards new all time high in between so many hurdles @ 11323 & 11556.Let us hope for the best.This is my view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #41 Posted: Wed Oct 17, 2018 12:57 am Post subject: |
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| After finishing downside numbers up to 10192,nifty taken support at monthly S2 and reached the S1 and also once again closed above yearly close 10530.So now marching towards the fibonacci upside number 10713 and there is a chance of re testing 200Dma @ 10880.Otherwise once again it will start downside journey.So those who were taken long @ bottom can keep 10530 as close basis Tsl. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #42 Posted: Wed Oct 24, 2018 8:34 am Post subject: |
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| chandrujimrc wrote: | | After finishing downside numbers up to 10192,nifty taken support at monthly S2 and reached the S1 and also once again closed above yearly close 10530.So now marching towards the fibonacci upside number 10713 and there is a chance of re testing 200Dma @ 10880.Otherwise once again it will start downside journey.So those who were taken long @ bottom can keep 10530 as close basis Tsl. |
Double bottom with Rsi divrg. So get ready for upside if there is no down gap opening. This is ny view only. |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #43 Posted: Mon Oct 29, 2018 5:33 pm Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | After finishing downside numbers up to 10192,nifty taken support at monthly S2 and reached the S1 and also once again closed above yearly close 10530.So now marching towards the fibonacci upside number 10713 and there is a chance of re testing 200Dma @ 10880.Otherwise once again it will start downside journey.So those who were taken long @ bottom can keep 10530 as close basis Tsl. |
Double bottom with Rsi divrg. So get ready for upside if there is no down gap opening. This is ny view only. |
10139 to 10710 to 10005 to ? Will it cross 10710 again ?.Let us wait and see. |
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amit522
White Belt
Joined: 31 Oct 2017
Posts: 117
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| Post: #44 Posted: Mon Nov 26, 2018 2:26 pm Post subject: bullish flags |
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| back to back bullish flags on Banknifty daily charts |
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #45 Posted: Fri Dec 07, 2018 12:27 am Post subject: |
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| chandrujimrc wrote: | | chandrujimrc wrote: | | chandrujimrc wrote: | | After finishing downside numbers up to 10192,nifty taken support at monthly S2 and reached the S1 and also once again closed above yearly close 10530.So now marching towards the fibonacci upside number 10713 and there is a chance of re testing 200Dma @ 10880.Otherwise once again it will start downside journey.So those who were taken long @ bottom can keep 10530 as close basis Tsl. |
Double bottom with Rsi divrg. So get ready for upside if there is no down gap opening. This is ny view only. |
10139 to 10710 to 10005 to ? Will it cross 10710 again ?.Let us wait and see. |
Yes it crossed 200Dma and went up to 10941,now again breaks 200Dma downside.Let us hope for bounce untill it break and close below 10490 |
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