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Nifty analysis - Welgro corner |
welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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Post: #1  Posted: Thu May 29, 2014 4:51 pm Post subject: Nifty analysis - Welgro corner |
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welgro
Brown Belt
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| Post: #2 Posted: Thu May 29, 2014 5:16 pm Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #3 Posted: Fri May 30, 2014 10:33 am Post subject: |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #4 Posted: Fri May 30, 2014 11:00 am Post subject: |
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| would u qualify current today's intra day Nifty movement as a "stirr up pattern"... |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #5 Posted: Fri May 30, 2014 11:23 am Post subject: |
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| amitagg wrote: | | would u qualify current today's intra day Nifty movement as a "stirr up pattern"... |
current today's intra day Nifty movement is Master candle setup
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #6 Posted: Fri May 30, 2014 12:20 pm Post subject: |
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paa
White Belt
Joined: 28 Sep 2010
Posts: 178
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| Post: #7 Posted: Fri May 30, 2014 1:02 pm Post subject: |
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Dear Welgro
The best thing of this thread is that it educates. Loving it!
Regards  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #8 Posted: Fri May 30, 2014 2:20 pm Post subject: |
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| paa wrote: | Dear Welgro
The best thing of this thread is that it educates. Loving it!
Regards |
extremely.....with practicals!!!!! |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #9 Posted: Fri May 30, 2014 3:57 pm Post subject: |
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levelsurfer
White Belt
Joined: 26 Jul 2010
Posts: 1
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| Post: #10 Posted: Fri May 30, 2014 4:07 pm Post subject: Thanks for the info |
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I am still learning about the market and surfing for info. This is very educating and I liked it.. Thanks mm  |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #11 Posted: Fri May 30, 2014 4:38 pm Post subject: |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #12 Posted: Sat May 31, 2014 10:07 am Post subject: |
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Nifty spot seems good support at 7210 level
[channel pattern positive breakout line support with Fibonacci retracement level].
Once if trade and close below this support line then no problem for nifty spot down side move.
Down side target already we mentioned 6868 is possible.
In case nifty spot if did not break this support line then nifty spot intraday trend will be change in bullish mode. Today if close above 7330 then I plan to close my short position at the same time I will take fresh long position for nifty spot bullish trend rally target 7777 and 8125 levels.
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #13 Posted: Sat May 31, 2014 6:58 pm Post subject: |
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Bank nifty spot now it’s in downtrend (positional view).
Some pullback resistance saw around 15060 levels.
Once if trade and hold below this levels then no problem for further down side move.
Banknifty spot Eod chart have a “Master candle setup”, Next important support saw at 14475 levels.
We expect minimum down side target 14060 level.
~ Tuesday, June 3: Indian Interest Rate Decision (RBI Policy) ~
So banknifty some high volatile expects in next two trading days.
I am expect next big short covering rally when Banknifty spot Once if trade and hold above 15260. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #14 Posted: Mon Jun 02, 2014 11:59 am Post subject: |
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| Exited all short positions.Now entered fresh long. |
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welgro
Brown Belt
Joined: 24 Sep 2012
Posts: 1784
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| Post: #15 Posted: Mon Jun 02, 2014 3:57 pm Post subject: |
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