Possibility first one hour of trading levels may over shoot few points either side of our calculation always wait for the market to settle and come in to the range as per our calculation..
Use combination of Ema 12 and 34 cross over with this levels 5 Minutes TF and 15 TF.
In any trending market Most of the technical parameter works well..
To identify range bound or a trending market is very important in take up a trade..
Use combination of Ema 12 and 34 cross over with this levels 5 Minutes TF and 15 TF.
In any trending market Most of the technical parameter works well..
To identify range bound or a trending market is very important in take up a trade..
Revised Article: 01/12/2012
Where We are Heading? I would Say nifty To Test 6159.
Hi guys , Well Let me bring your attention to some points which as a continuation of My previous Article.
I send to you a report on NIFTY, on March 2012 about My View and Finding. That time it was Revealed that Nifty will Test 6159 & Nifty was Trading at 5000-5400 levels. And I expected a Strong rally Based on Budget, But Nothing Specially Came into existence on Budget. But in That article it was mentioned about a Rally to continue for 20 months. which will be a historical repetition. Now Nifty Completed 12 months Rally & 8 months remaining. Now in this stage Nifty is Trading its 19 month high of 5917 (30/11/2012 @ 13:30) If we consider 61.8% of the time frame and Rallied price we get, 12.36 months and Price of 1088 which we get nifty @ 5626 ( 4538+1088 ) , And this is the 12 month and remains 15 more days only for the completion of Time frame (61.8%). Above this we need to get 100% which is another 8 month rally. In Reference to Time/ Price Retricement It was observed that 74% of Retricement have some kind of importance . So It might be a Portion we can Halt Nifty @ 74% which means Nifty to test 5870 which is already tested. Now in case of Time frame 74% of 20 months is 14.8 months . In that way Remaining 2.8 months.( almost 3 months) what ever the matter is nifty will be keep Bullish only Till July 2013. Before that it will do its best.
And if we consider current stage , Nifty Completed its Sharing of 61.8% (5626) & 74% too ( 5870) & the next is 100% which will be equal to 6300 again.
So conclusion is : We will see Nifty To Hits 6159/6300 before July 2013.!!!
And One Can accumulate Nifty with Strict SL of 5555.55 future level,
Why we need to use 5555.55 as Stop Loss.
3 Reasons
1st Reason: As per the Punto Theory 5555.55 Is a Crucial Level Which will act As a Strong Support, And Below that Heavy Panic will Come in Nifty.
2nd: Based on Trend Line Break Support, starting from 4538 extend to primary Line closing to point of 5000 levels and joined second Trend Line joining 4760 (04/06/2012), 5034( 26/07/2012) & 5237 (06/09/2012), which the first 2 points(5034-4760) gives 274 points which created in 38 trading days and the second 2 points (5237-5034) 203 points ,which is 74% of the 274 and for creating this 203 points nifty took 74% of 38 trading days to complete . It comes 28 trading days. So if we look the 2nd half then 74% of 318( 5555-5237) we get 235 points, and for completing these 2 points it took 51 trading days. So next Support Point may come around 5790 (5555+235) which am expecting to make on or before January 17th 2013 which is 74% of 51 days , is 38 days.!!!
This all expectations are based on Historical Charts and its moves , What similarly we are watching is Repetition , The re birth of History !!!
3rd : In Numerological 5555.55 ( low created on 20/11/2012) , was a special figure which indicated Single odd number and Fancy point, If this happens in market then that level will act as Support/resistance .
So I expect Nifty Not to break 5555.55 in coming days and also point out the figure 5733 will be a crucial Support for Next Trend line point.( which is average polarity which Nifty Can Volatile)
Here in the case of High Creation and Low , Nifty is Maintaining 30 days equal interval time frames. So after the high creation of 5855, nifty traded 30 days to create the low of 5555.55, so as a reverse effect expect another 30 days for a boom to get nifty a new high.
Conclusion: Market Mood Still Hold Its Bullish Trend and expect Nifty Test 6159/6300 soon Before January 17th 2013.
And The Maximum rally Will be came to an end Before July 2013.!!!
Disclosure: This is not a Recommendation to Any one To Buy or Sell Nifty / Stocks. This Statement is purely based on Technical Analysis and Personal Observations, the Result expected Only. Market investments are Subject To Risk. Do the trades only with Your own Risk.
....... If any doubts post here..!
Thank You all...
Where We are Heading? I would Say nifty To Test 6159.
Hi guys , Well Let me bring your attention to some points which as a continuation of My previous Article.
I send to you a report on NIFTY, on March 2012 about My View and Finding. That time it was Revealed that Nifty will Test 6159 & Nifty was Trading at 5000-5400 levels. And I expected a Strong rally Based on Budget, But Nothing Specially Came into existence on Budget. But in That article it was mentioned about a Rally to continue for 20 months. which will be a historical repetition. Now Nifty Completed 12 months Rally & 8 months remaining. Now in this stage Nifty is Trading its 19 month high of 5917 (30/11/2012 @ 13:30) If we consider 61.8% of the time frame and Rallied price we get, 12.36 months and Price of 1088 which we get nifty @ 5626 ( 4538+1088 ) , And this is the 12 month and remains 15 more days only for the completion of Time frame (61.8%). Above this we need to get 100% which is another 8 month rally. In Reference to Time/ Price Retricement It was observed that 74% of Retricement have some kind of importance . So It might be a Portion we can Halt Nifty @ 74% which means Nifty to test 5870 which is already tested. Now in case of Time frame 74% of 20 months is 14.8 months . In that way Remaining 2.8 months.( almost 3 months) what ever the matter is nifty will be keep Bullish only Till July 2013. Before that it will do its best.
And if we consider current stage , Nifty Completed its Sharing of 61.8% (5626) & 74% too ( 5870) & the next is 100% which will be equal to 6300 again.
So conclusion is : We will see Nifty To Hits 6159/6300 before July 2013.!!!
And One Can accumulate Nifty with Strict SL of 5555.55 future level,
Why we need to use 5555.55 as Stop Loss.
3 Reasons
1st Reason: As per the Punto Theory 5555.55 Is a Crucial Level Which will act As a Strong Support, And Below that Heavy Panic will Come in Nifty.
2nd: Based on Trend Line Break Support, starting from 4538 extend to primary Line closing to point of 5000 levels and joined second Trend Line joining 4760 (04/06/2012), 5034( 26/07/2012) & 5237 (06/09/2012), which the first 2 points(5034-4760) gives 274 points which created in 38 trading days and the second 2 points (5237-5034) 203 points ,which is 74% of the 274 and for creating this 203 points nifty took 74% of 38 trading days to complete . It comes 28 trading days. So if we look the 2nd half then 74% of 318( 5555-5237) we get 235 points, and for completing these 2 points it took 51 trading days. So next Support Point may come around 5790 (5555+235) which am expecting to make on or before January 17th 2013 which is 74% of 51 days , is 38 days.!!!
This all expectations are based on Historical Charts and its moves , What similarly we are watching is Repetition , The re birth of History !!!
3rd : In Numerological 5555.55 ( low created on 20/11/2012) , was a special figure which indicated Single odd number and Fancy point, If this happens in market then that level will act as Support/resistance .
So I expect Nifty Not to break 5555.55 in coming days and also point out the figure 5733 will be a crucial Support for Next Trend line point.( which is average polarity which Nifty Can Volatile)
Here in the case of High Creation and Low , Nifty is Maintaining 30 days equal interval time frames. So after the high creation of 5855, nifty traded 30 days to create the low of 5555.55, so as a reverse effect expect another 30 days for a boom to get nifty a new high.
Conclusion: Market Mood Still Hold Its Bullish Trend and expect Nifty Test 6159/6300 soon Before January 17th 2013.
And The Maximum rally Will be came to an end Before July 2013.!!!
Disclosure: This is not a Recommendation to Any one To Buy or Sell Nifty / Stocks. This Statement is purely based on Technical Analysis and Personal Observations, the Result expected Only. Market investments are Subject To Risk. Do the trades only with Your own Risk.
....... If any doubts post here..!
Thank You all...
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