Nifty Futures Weekly And Intraday Analysis Trend Report

[darshanshukla]

Re: There Is No Mechanism For Profit Booking

DEAR VIKAS :thumb:


THERE IS NO MECHANISM IN PROFIT BOOKING. YOU HAVE TO DECIDE WHEN TO BOOK PROFIT AND DECIDE HOW MUCH LOSS YOU CAN STAND.



A LOT OF PEOPLE FAIL TO BOOK PROFITS. THERE ARE TIMES I HAVE SEEN PEOPLE WAITING FOR THE STOCK PRICE TO GO ABOVE THEIR BUY PRICE. I REQUEST THEM TO CLEAN IT OUT WITH NO PROFIT NO LOSS. THEY DON'T LISTEN AND AT THE END OF THE DAY, THEY BOOK LOSSES.



THERE IS NO EXPERTISE AVAILABLE FOR BOOKING PROFITS.



""""FAILURE TO BOOK PROFITS HAS GOT ONLY ONE REASON. THE REASON IS THE MOTIVE TO EARN MORE PROFIT THEN THE EXISTING ONE"""""



WHEN SENSEX WAS AT 20,000 THERE WERE RUMORS THAT IT WILL HIT 25 THOUSAND. A CLIENT OF MINE HAD GOT HIS PORTFOLIO TRIPLED AND HE WANTED IT TO SEE GROW 5 TIMES MORE.



I TOLD HIM TO EXIT LONG IN THE MARKET. BUT HE REFUSED TO DO SO. SENSEX HIT 21 K AND HE WAS STILL LONG IN HIS POSITIONS.
THEN WE ALL KNOW WHAT HAPPENED AFTER THE PEAK OF 21 K.



HE HAD LT ( LARSEN TOUBRO ) AT 2500 AND THE SAME COUNTER SOARED HIGH TO 4500 AND HE WAS WAITING FOR LT TO MAKE 5500.


I UNDERSTAND ONE SIMPLE THING " YOU EARN 500 RS THEN YOU SHOULD LOOSE 500, BUT IF YOU ARE LOOSING 1000 BUCKS THEN YOU SHOULD STOP TRADING"



EVENTUALLY YOUR FUNDS WILL RUN OUT AND YOU WILL BE LEFT DRY.



IF YOU FEEL WHATEVER I SAID IS NON SENSE THEN LEAVE IT, THERE MIGHT BE SOMEONE AT TRADERJI.COM WHO WOULD DEFINITELY HAVE A PROFIT BOOKING MECHANISM FOR YOU.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

SM and Nishikant both are right in their ways but what I believe is...
Book profit when your trade is profitable (atleast half as SM told) but please never sitting and watch it going in loss in front of you.... it is fullishness...
that's why all TA book mantions that you have to control three things while trading
EMOTIONS(SENTIMENTS)
GREED
FEAR
take care and Happy trading :thumb:

 

[darshanshukla]

Re: A Brief Technical View Of Spot Nifty

HARI OM DEAR FRIENDS :thumb:



AFTER A STRAIGHT RALLY FOR 14 WEEKS THE BULLS MADE WAY FOR THE BEARS AT LAST.



THERE IS A EXTERNAL WAVE STRUCTURE THAT HAD TO BE FORMED BY THE SPOT NIFTY.




THE BEGINNING OF THE SAME STRUCTURE STARTS FROM 3800.



""""THE EXTERNAL WAVE STRUCTURE SHOULD HAD BEEN IN THIS PARTICULAR FORMATION""""



3800 4090 - 4140 4275 - 4410 4600 - 4789 - 4947.



SPOT NIFTY HAS MADE A HIGH OF 4693 & A REVERSAL FROM THIS REGION OF 4693 WAS WITNESSED.



4789 REMAINED UNTOUCHED SO 4947 IS STILL A LONG WAY TO GO.



""""NOW IF YOU GO REVERSE IN THE ABOVE GIVEN WAVE STRUCTURE THE REVERSAL WOULD BE IN THE FOLLOWING MANNER""""



4947 4789 4600 4410 4275 4140 4090 3800



WE HAVE ALREADY BREACHED THE 4410 MARK AND HAVE CLOSED VERY WELL BELOW THAT.



ON THE DAILY CHARTS OF SPOT NIFTY THERE IS A BREAKDOWN VISIBLE.



THE 4365 REGION IS CLEARLY VIOLATED AND WE HAVE EVEN CLOSED BELOW THE 4365 REGION. THUS THE BREAKDOWN IS VISIBLE.



SINCE 4365 IS VIOLATED THE NEXT TARGET FOR SPOT NIFTY IS AT 4090 AND THE SAME REGION OF 4090 WILL BE VISIBLE, IF THE WEEKLY LOW OF 4206 IS VIOLATED IN THE COMING WEEK.




"""""ON THE UPSIDE THE SAME 4365 4410 REGION WILL ACT AS A STRONG RESISTANCE"""""



MOMENTUM INDICATOR LIKE PROC CAN BE SEEN IN THE NEGATIVE AND IT IS TRYING TO MOVE UPWARDS.



RSI IS AT 51 AND IT HAS TAKEN SUPPORT AT 50 SO TILL THE RSI RESTS ABOVE 50 A LITTLE HOPE IS LEFT FOR THE TRADERS WHO ARE LONG.



A TRIANGLE FORMATION IS VISIBLE ON THE DAILY CHARTS OF SPOT NIFTY THE BASE OF THE TRIANGLE IS PLACED AT 4090 4200 REGION.



AND THE TOP OF THE TRIANGLE IS AT 4680 4693.



SO A CLEAR CUT FURTHER BREAKDOWN FROM 4200 TILL 4090 IS NEEDED TO CONFIRM THE COMPLETION OF THE TRIANGLE FORMATION ON THE DAILY CHARTS.



""""EVEN IF SPOT NIFTY MANAGES TO GO PAST THE 4365 4410 REGION, BEARS ARE LIKELY TO MAKE A COMEBACK AT THE 4500 4530 ZONE TO DRAG NIFTY BACK TO ITS WEEKLY BOTTOM OF 4200""""



THE 50 WMA (WEIGHTED MOVING AVERAGE) IS PLACED AT 4203 THAT COINCIDES WITH THE WEEKLY LOW OF 4206 THUS PROVIDING A SECOND STRONG SUPPORT IN CASE OF FURTHER DOWNFALL.





HAVE A NICE TRADING SESSION FOR THE WEEK AHEAD.



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

Sir Nishikant
again you proved youself best to analyze the picture..
Keep it up...
For all traders I also told previously "Read between the lines Nishikant wrote"
If you can analyze it you can put better trade in motion..
Happy trading ahead..
Dr. Darshan Shukla

 

[Nishikant]

"Bullish Harami" On Daily & Bearish Doji Evening Star On Weekly Chart, Spot Nifty

HARI OM DEAR FRIENDS

:thumb:​

THIS IS VERY IMPORTANT, KINDLY READ IT CAREFULLY
​

ON THE DAILY CHART OF SPOT NIFTY WE HAVE A BULLISH HARAMI CANDLESTICK AS ON FRIDAY.





BUT ON THE WEEKLY CHART OF NIFTY FUTURES WE CAN SEE A BEARISH DOJI EVENING STAR PATTERN.





THE BOUNCE BACK THAT HAPPENED ON FRIDAY HAS RESULTED TO THE FORMATION OF A BULLISH HARAMI CANDLESTICK ON FRIDAY.




BUT THE SELL OFF THROUGH OUT THE WEEK HAS RESULTED IN A BEARISH DOJI EVENING STAR ON THE WEEKLY CHART OF SPOT NIFTY.




BOTH THIS FORMATIONS ARE EXACTLY OPPOSITE TO EACH OTHER.





THE FORMATION ON THE DAILY CHART SHOWS THAT THERE WILL BE A FURTHER UPMOVE IN NIFTY BECAUSE BULLISH HARAMI PATTERN IS A SIGN OF TREND REVERSAL HAPPENING FROM THE LOWER REGION. THE CLOSING PRICE OF FRIDAY IS HIGHER THEN THAT OF THURSDAY. THIS IS A PECULIAR SIGN OF BULLISH HARAMI PATTERN.




THE FORMATION ON THE WEEKLY CHART SHOWS THAT BEARISH EVENING DOJI STAR PATTERN IS A SIGN OF FURTHER BEARISHNESS THAT WOULD BE VISIBLE AND THERE WOULD BE A FURTHER CORRECTION IN PRICE OF NIFTY.
SINCE THE WEEKLY TIME PERIOD IS OF 7 DAYS AND SINCE THE BEARISH EVENING DOJI STAR PATTERN HAS OCCURRED ON THE WEEKLY CHART A CORRECTION IS EXPECTED FROM THE IMMEDIATE RESISTANCE OF NIFTY.




I WOULD LIKE TO HAVE VIEWS FROM OTHER EXPERTS IN THIS REGARDS.




""""SO VIEWS FROM EVERYONE ARE MOST WELCOMED"""""




FOR MORE INFORMATION ON BULLISH HARAMI THE LINK IS AS FOLLOWS:-



http://www.investopedia.com/terms/b/bullishharami.asp


http://www.hotcandlestick.com/directory/Bullish Harami.htm




FOR MORE INFORMATION ON BEARISH EVENING DOJI STAR THE LINK IS AS FOLLOWS:-



http://www.fxwords.com/b/bearish-evening-doji-star-candlestick.html


http://www.candlesticker.com/Cs73.asp





HAVE A NICE TIME



GANPATI BAPPA MORYA



HARI OM





REGARDS,
NISHIKANT K. HADGE

 

[linkon7]

I believe that it is the sentiments that drive the market. All the bullish sentiments are gone and people are wondering where to book profit. There are plenty of longs in the market and the weekly fall and the force with which we fell has made people very skeptical. Most people bought in the current 4200-4300 region after the massive gap up and really dont know whether to hold on to their portfolio or exit at break-even. This is evident from the very low roll over to the next month. This is the golden chance for smart money to create doubt in people's mind and a sudden jerk down will force most weak longs to exit. Thats the point where they enter the market. It'll be silly to expect them to buy high and sell higher specially when the bullish sentiments is gone and one big driver of the market (FII) are on the sell side.

From TA point of view, most nifty 50 stocks have already filled the the gap post-election. RIL closed the gap (1970) yesterday. ABB, ACC, BHEL and only a few more still have to fill the gap. Midcaps and small caps are showing the true sentiments of the market with some stocks falling 10-15% in a single day. The uptrend has halted and a sideways trend with a negative bias is expected for the coming 2 weeks.

Budget is the only next mega event in the horizon and the expectations are muted. Trend will become clear after 3rd July only.

 

[WOD]

Nishikant, I have got some queries on charts that you have posted; It would be greate to get it cleared from you.

1. I have seen that most of the times you use SAR, EMA, SMA, PROC, RSI indicators. Now question is if you use this indicators in all market conditions or do you have different set of indicators for different market conditions (bullish, sideways, bear).....

2.Do you use different values for indicators in different market conditions ( e.g in above chart you have used value for EMA as 50)

3.I have seen TA's using only EMA or SAM or WMA in their graphs, but never seen anyone using all of them. Do you have any special purpose for using them? means what you conclude by using all of them?

4. Why do you prefer PROC over MACD?

Thanks in advance knowing for sure that I will get reply.....

 

[Nishikant]

Answer To Your Questions

Nishikant, I have got some queries on charts that you have posted; It would be greate to get it cleared from you.

1. I have seen that most of the times you use SAR, EMA, SMA, PROC, RSI indicators. Now question is if you use this indicators in all market conditions or do you have different set of indicators for different market conditions (bullish, sideways, bear).....

2.Do you use different values for indicators in different market conditions ( e.g in above chart you have used value for EMA as 50)

3.I have seen TA's using only EMA or SAM or WMA in their graphs, but never seen anyone using all of them. Do you have any special purpose for using them? means what you conclude by using all of them?

4. Why do you prefer PROC over MACD?

Thanks in advance knowing for sure that I will get reply.....

HARI OM DEAR FRIENDS :thumb:



1) NOTHING LIKE THAT I USE ADX, WILLIAMS % R, VOLUME, LRC & MANY OTHER INDICATOR'S & OSCILLATOR'S. I DO NOT SEE IF THE MARKET IS BULLISH, BEARISH OR SIDEWAYS.



2) I USE 25 FOR EMA OR 25 FOR SMA OR 25 FOR WMA. NIFTY IF ALREADY TRADING BELOW ITS SHORT TERM MA, AND ALL THE MEDIUM TERM MA'S ARE TRADING BELOW THE SHORT TERM MA'S OR SAY THE SHORT TERM MA'S i.e THE 25 MA'S ARE TRADING ABOVE THE 50 MA'S.



3) I USE 25 SMA 50 EMA AND 100 WMA IN MY CHART AS PER THE TREND. FOR E.G. NIFTY WAS TRADING AT 2250 AND THE 25 SMA WAS PLACED AT 2375 AND NIFTY FUT CLOSED ABOVE 2375 AND GAVE A UPWARD RALLY UP TO 2500 AND THE 50 DMA WAS PLACED AT 2550 AND ANOTHER CLOSE ABOVE THE 50 DMA TOOK NIFTY FUT TO ITS 100 AND 200 DMA RESPECTIVELY. MA'S HELP YOU TO DETERMINE THE BREAKOUT ZONE AND THE RESISTANCE AND SUPPORT LEVELS ACCURATELY.


4) NOTHING LIKE THAT, I USE MACD ALSO. PROC HELPS ME TO NOTE THE TREND OF THE MARKET AND MACD GIVES ME THE ACTUAL BUY OR THE SELL SIGNAL. YOU CAN ALSO USE SLOW STOCHASTICS OR CCI INSTEAD OF PROC AND MACD.



I HOPE THIS INFORMATION WOULD BE SUFFICIENT.


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[lancer]

Re: "Bullish Harami" On Daily & “Bearish Doji Evening Star” On Weekly Chart, Spot Nif

HARI OM DEAR FRIENDS

:thumb:​

THIS IS VERY IMPORTANT, KINDLY READ IT CAREFULLY
​

ON THE DAILY CHART OF SPOT NIFTY WE HAVE A “BULLISH HARAMI CANDLESTICK” AS ON FRIDAY.





BUT ON THE WEEKLY CHART OF NIFTY FUTURES WE CAN SEE A “BEARISH DOJI EVENING STAR” PATTERN.





THE BOUNCE BACK THAT HAPPENED ON FRIDAY HAS RESULTED TO THE FORMATION OF A “BULLISH HARAMI” CANDLESTICK ON FRIDAY.




BUT THE SELL OFF THROUGH OUT THE WEEK HAS RESULTED IN A “BEARISH DOJI EVENING STAR” ON THE WEEKLY CHART OF SPOT NIFTY.




BOTH THIS FORMATIONS ARE EXACTLY OPPOSITE TO EACH OTHER.





THE FORMATION ON THE DAILY CHART SHOWS THAT THERE WILL BE A FURTHER UPMOVE IN NIFTY BECAUSE “BULLISH HARAMI” PATTERN IS A SIGN OF TREND REVERSAL HAPPENING FROM THE LOWER REGION. THE CLOSING PRICE OF FRIDAY IS HIGHER THEN THAT OF THURSDAY. THIS IS A PECULIAR SIGN OF “ BULLISH HARAMI” PATTERN.




THE FORMATION ON THE WEEKLY CHART SHOWS THAT “BEARISH EVENING DOJI STAR” PATTERN IS A SIGN OF FURTHER BEARISHNESS THAT WOULD BE VISIBLE AND THERE WOULD BE A FURTHER CORRECTION IN PRICE OF NIFTY.
SINCE THE WEEKLY TIME PERIOD IS OF 7 DAYS AND SINCE THE “BEARISH EVENING DOJI STAR” PATTERN HAS OCCURRED ON THE WEEKLY CHART A CORRECTION IS EXPECTED FROM THE IMMEDIATE RESISTANCE OF NIFTY.




I WOULD LIKE TO HAVE VIEWS FROM OTHER EXPERTS IN THIS REGARDS.




""""SO VIEWS FROM EVERYONE ARE MOST WELCOMED"""""




FOR MORE INFORMATION ON “BULLISH HARAMI” THE LINK IS AS FOLLOWS:-



http://www.investopedia.com/terms/b/bullishharami.asp


http://www.hotcandlestick.com/directory/Bullish Harami.htm




FOR MORE INFORMATION ON “BEARISH EVENING DOJI STAR” THE LINK IS AS FOLLOWS:-



http://www.fxwords.com/b/bearish-evening-doji-star-candlestick.html


http://www.candlesticker.com/Cs73.asp





HAVE A NICE TIME



GANPATI BAPPA MORYA



HARI OM





REGARDS,
NISHIKANT K. HADGE

Hi Nishikant,

What I gather from your summation is that:-

1. Next upmove is upto 4410 only, the next resistance leval. Longs must be covered at or before.OR is it possible that that the upwards trend may take it to 4600 ?

2. The FIIs had a crack at 4200 but brought it up again to the Bullish levels of above 4280, stopping dead the guys who went short at 4210.

3..Since the pattern happens to be Bearish DOJI at the top, further correction to the levels of 4140-4090 is on the cards as 3800 appears a bit far fetched at this point.

4. I am only a couple of months old to the trade and learning TA. So, please tell me if my own conclusions are correct?

5.What I gather from this forum is that profit taking is not a matter of relative interest. It is more like taking buckets of water for drinking from a river to satiate your thirst( Booking Profits). You can not drink all the water all on your own.And there lays the negetive side of falling ill (or Booking Huge losses).


Wishes,

Lancer.

 

[Nishikant]

Re: "Bullish Harami" On Daily & Bearish Doji Evening Star On Weekly Chart, Spot Nif

Hi Nishikant,

What I gather from your summation is that:-

1. Next upmove is upto 4410 only, the next resistance leval. Longs must be covered at or before.OR is it possible that that the upwards trend may take it to 4600 ?

2. The FIIs had a crack at 4200 but brought it up again to the Bullish levels of above 4280, stopping dead the guys who went short at 4210.

3..Since the pattern happens to be Bearish DOJI at the top, further correction to the levels of 4140-4090 is on the cards as 3800 appears a bit far fetched at this point.

4. I am only a couple of months old to the trade and learning TA. So, please tell me if my own conclusions are correct?

5.What I gather from this forum is that profit taking is not a matter of relative interest. It is more like taking buckets of water for drinking from a river to satiate your thirst( Booking Prifits). You can not drink all the water all on your own.And there lays the negetive side of falling ill (or Booking Huge losses).


Wishes,

Lancer.

DEAR LANCER :thumb:


I WILL BE POSTING THE NIFTY FUT WEEKLY LEVELS AFTER SOMETIME.



FOR NIFTY FUTURES 4280 BECOMES THE IMMEDIATE SUPPORT AND FOR SPOT NIFTY 4365 - 4410 BECOMES THE IMMEDIATE RESISTANCE.



IF YOU THINK BEYOND 4410 THEN I WILL SAY "BULLS" WILL GET ARRESTED AT 4500 - 4530 REGION.



4600 IS TOO FAR.



AND SINCE ON THE WEEKLY CHARTS " BEARISH DOJI EVENING STAR " IS THE PATTERN FORMED. SELLING AT HIGHER LEVEL IS A POSSIBILITY.



IF ON MONDAY YOU DO NOT SEE ANY SELLING COMING IN, THEN DEFINITELY BY TUESDAY BEARS WILL HAVE TO COME BACK, OR ELSE WE CAN SAY THAT THE CHARTS HAVE FAILED TO WORK EVEN THIS TIME.



HAVE A NICE DAY AND YOUR CONCLUSIONS ARE RIGHT.




REGARDS,
NISHIKANT K. HADGE

 

[Sunil]

Re: Inbuilt Charting Is Available

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[linkon7]

thanks nishi bro...!