Nifty Futures Weekly And Intraday Analysis Trend Report

[anandraos]

nifty is in correction phase.we missed you very much while you were on vacation...
Keep it up bro..
Happy trading.

 

[Sunil]

your chart is very clear and I know about divergence worked well this week 2-5 june.

My little doubt is when divergence fail and how to recognize it.

just see today 8th june @ 2 pm there I saw a macd, rsi divergence. one can buy here but it failed and came down. so even divergence occur when to buy, what else one have to check,how to recognize this divergence is a buy signal or not.

If any one clarify I will be thankful.

Any divergence based on any indicator has to be confirmed FIRSTLY & FOREMOSTLY by price action.
If you spot a +ve divergence in a particular Timeframe chart, then go long when a pivot high (based on the same TF) breaks on upside.
Similiarly, in case of a -ve divergence, go short when the concerned pivot low is broken.
Divergence based on oscillators usually have their effect lasting till the said oscillator reaches its opposite side (eg., around 70 & 30, in case of RSI)
So, one can book part or most of the profits in this oscillator zone, and trail the rest.

Today, there was +ve divergence in RSI 1min chart, and it did its bit.
+ve divergence has also developed in 5min chart, but we still have to wait for the latest pivot high formed in 5min chart. Another supporting factor is the oversold status of 5min RSI.

Usually, good divergence effects are seen near known big supports & resistance levels - they can be known from this very thread by Nishikant.

 

[Nishikant]

Nifty Futures Intraday Trend Analysis & Trading Calls For 09-06-09

HARI OM
:thumb:


NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 09-06-09


UPWARD VIEW OF NIFTY FUTURES:-
​

""4449 IS THE 1st POINT FOR A PRIMARY UPTREND TO BEGIN TOMORROW""


4449 IS THE LAST WEEKS LOW OF NIFTY FUTURES & IT WILL ACT AS A MAJOR HURDLE.


AVOID SHORT ABOVE 4449.


THERE WOULD BE NO UP TREND TILL NIFTY FUTURES TRADES AND SUSTAINS ABOVE 4449.


ABOVE 4449 THE 2nd MAJOR HURDLE FOR THE NIFTY FUTURES IS PEGGED AT 4485.


ACTUAL INTRADAY UPTREND WOULD INITIATE ABOVE 4485 ONLY.



4449 WILL ACTUALLY PROVIDE ENERGY FOR THE BULLS TO MOVE UP TO 4485


SO 4449 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION.


THE REAL JOURNEY FOR THE BULLS WILL START FROM 4485.


A MOVE PAST 4485 WILL TAKE NIFTY FUTURES TO 4508 4531 4555.


MAXIMUM UP TREND IS EXPECTED UP TO 4555.


STRONG REVERSAL IS EXPECTED FROM THIS ZONE OF 4555.


4555 IS THE SAME ZONE FROM WHERE NIFTY FUTURES REVERSED STRONGLY TO MAKE A INTRADAY LOW OF 4412.

DOWNWARD VIEW OF NIFTY FUTURES:-
​

IF TODAY'S INTRADAY LOW OF 4412 IS BREACHED TOMORROW THEN NIFTY FUTURES WILL SLIP DOWN TO 4382 4353 REGION



1st INTRADAY BOUNCE BACK REGION IS PLACED AT 4353.





UNABLE TO HIT BACK FROM 4353 WILL TAKE NIFTY FUTURES TO LOWER LEVEL AT 4327 4308.



2nd INTRADAY BOUNCE BACK REGION IS PLACED AT 4308.



REVERSAL IS EXPECTED FROM 4308.



FAILURE TO REVERSE BACK FROM 4308 WILL DRAG NIFTY FUTURES TO 4293 4279.



4279 IS THE LAST HOPE IN CASE OF A MAJOR CORRECTION.



""INTRADAY TRADERS WILLING TO TAKE A RISK CAN GO LONG AT 4279 AND MAINTAIN A STOP LOSS BELOW 4250 ON A CLOSING BASIS""

TRADING CALLS FOR 09-06-09​

RIL BUY 2216 S/L 2205 TGT 2239 2265 2291 & SELL 2199 TGT 2211 TGT 2165 2147 - 2130



MUNDRA PORT BUY 629 S/L 623 TGT 635 642 650 662 & SELL 619 S/L 626 TGT 612 605 598 590



JPASSOCIATES BUY 215 S/L 213 TGT 220 226 235 247 & SELL 206 S/L 215 TGT 201 196 190 185



GMRINFRA BUY 165 S/L 162 TGT 171 176 182 & SELL 159 S/L 164 TGT 155 147



REL INFRA BUY 1162 S/L 1154 TGT 1184 -1206 1249 1292 & SELL 1152 S/L 1159 TGT 1115 1076 1051 - 1026



HAVE A NICE TRADING SESSION TOMORROW.



GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[pkamalesh]

Welcome back Nishikant...Hope u had a good Holiday...

 

[Nishikant]

Nifty Futures Intraday

HARI OM :thumb:

NOW 4476 BECOMES THE IMMEDIATE SUPPORT FOR NIFTY FUT


"BULLS WILL BE ACTIVE ABOVE 4476 ONLY"


IF SLIPS BELOW 4476 THEN SUPPORT IS PEGGED AT 4458 - 4435


4435 WILL ACT AS A BOUNCE BACK LEVEL FOR INTRADAY




ABOVE 4476 RESISTANCE IS PEGGED AT 4497 - 4517


HAVE A NICE TRADING SESSION


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[veekay304]

Hello Nishikant

New on this thread..

Keep-up your good work. Really appreciates..

VK

 

[darshanshukla]

Dear Nishikant bhai, PT bhai, Sunilbhai, and seniors..
today I have seen two chart patterns and traded only one of them (the first one) as i was in one opration.

the first one is " Ascending Scellops" and my target achived and I want to sell my purchased one at 4430 but now I saw "Rising wedge" in same chart and i know it favours bears...
so should i sell double quantity?
Please guide
Thanking you.
Dr. Darshan Shukla

 

[darshanshukla]

sorry the file attachment was missing
attached now
(i dont know how to attach directly in post)
sorry

 

[Nishikant]

Told You All To Avoid Short Above 4449

HARI OM
:thumb:


NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 09-06-09


UPWARD VIEW OF NIFTY FUTURES:-
​

""4449 IS THE 1st POINT FOR A PRIMARY UPTREND TO BEGIN TOMORROW""


4449 IS THE LAST WEEKS LOW OF NIFTY FUTURES & IT WILL ACT AS A MAJOR HURDLE.


AVOID SHORT ABOVE 4449.


THERE WOULD BE NO UP TREND TILL NIFTY FUTURES TRADES AND SUSTAINS ABOVE 4449.


ABOVE 4449 THE 2nd MAJOR HURDLE FOR THE NIFTY FUTURES IS PEGGED AT 4485.


ACTUAL INTRADAY UPTREND WOULD INITIATE ABOVE 4485 ONLY.



4449 WILL ACTUALLY PROVIDE ENERGY FOR THE BULLS TO MOVE UP TO 4485


SO 4449 IS THE TREND DECIDER FOR TOMORROWS INTRADAY SESSION.


THE REAL JOURNEY FOR THE BULLS WILL START FROM 4485.


A MOVE PAST 4485 WILL TAKE NIFTY FUTURES TO 4508 4531 4555.


MAXIMUM UP TREND IS EXPECTED UP TO 4555.


STRONG REVERSAL IS EXPECTED FROM THIS ZONE OF 4555.


4555 IS THE SAME ZONE FROM WHERE NIFTY FUTURES REVERSED STRONGLY TO MAKE A INTRADAY LOW OF 4412.


HAVE A NICE TRADING SESSION TOMORROW.



GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

HARI OM DEAR FRIENDS :thumb:

NIFTY FUTURES BANGED ABOVE 4449​

I HAD TOLD YOU ALL IN ADVANCE YESTERDAY THAT " AVOID SHORT ABOVE 4449"




IF YOU ARE LONG IN NIFTY FUTURES THEN "BOOK PARTIAL PROFITS"



OR " BOOK FULL PROFITS " IN NIFTY FUTURES LONG.



HAVE A NICE TRADING SESSION



GANPATI BAPPA MORYA



HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[dhiraj123]

nishikant bhai i am short at 4485 ?
what should be stop loss