Nifty Bulls bounces ferociously holding 9930,EOD Analysis

• FII's bought 4.8 K contract of Index Future worth 262 cores ,9.7 K Long contract were added by FII's and 4.8 K Short contracts were added by FII's. Net Open Interest increased  by 14.6 K contract, so rise in market was used by FII's to enter  long and enter  short in  Index futures. FII's Long to Short Ratio at 1.41.  Are You a trader and a gambler

• As discussed in last analysis    As today was TC date so we saw volatile move, still we did not break 9930 so bulls can again come back tommrow. Till 9930 is held bulls are in control rally till 10090/10130/10180. Bearish below 9930 for a move towards 9810. Low made was 9977 and yesterday was 9955 so bulls protected 9930 and we saw the trend change move on new time cycle date and did the 1 target of 10090 and hopefully we will see move towards

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Are You a trader and a gambler

When I started trading back in 2000, like most novice, traders I was actually gambling. I was luck that I found my Trading Guru who helped me in this difficult journey.

 

Traits of a gambler:  I did most of this in my early days so speak from experience

1. Failing to follow strict money management rules
2. Having no fixed strategy,Jumping from 1 strategy to another.
3. Not keeping a trading journal
4. Over trading and Over Leveraging
5. Trying to “win back” losses
6. Trading in Options to make big money overnight

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Nifty Weekly Technical outlook for Pre-Diwali week

Last Week we gave Chopad Levels  of 9846,  Nifty gave Entry as per Chopad Level Tuesday as low made was 9831 and closed at 9856 and low made on time cycle date 04 Oct was 9850, Chopad Followers were rewarded handsomely as Nifty  did 2 target on upside.   Lets see How to trade Nifty in coming week. Hope readers are getting benefited with the time cycle analysis.

Nifty Harmonic

As discussed in last analysis 9875 is PRZ zone, close above it we can see rally towards 9930/10030.


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Bank Nifty bounce from lower end of range,EOD Analysis

As discussed in Last Analysis   Low made was 24033 and high made was 24188 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.  price is stuck in gann arc/gann angle, so impulsive move round the corner, Time Cycle effect of 04 Oct will be seen in next 2-3 days. Low made was 24074 and high made was 24242 so the range of 23963-24270 is still maintained. Bullish above 24270 for a move till 24358/24510/24700. Bearish below 23960 for a fall till 23800/23650.Price again bounced from the lower end of gann angle but still unable to break the range. Trade the range buy low sell high with SL till range breaks. Take responsibility for your actions.

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Nifty Bulls still unable to close above 9930,EOD Analysis

• FII's sold 5.8 K contract of Index Future worth 490 cores ,4.2 K Long contract were liquidated by FII's and 1.6 K Short contracts were added by FII's. Net Open Interest decreased  by 2.5 K contract, so fall in market was used by FII's to exit long and enter  short in  Index futures. FII's Long to Short Ratio at 1.33.  Do You Stick to Losing Positions in Trading ?

• As discussed in last analysis   High made today was 9938 so bulls were unable to close above the zone of congestion and also upper end of gann angle, today time cycle effect should be shown in next 2 days,Bulls need close above 9930 for a move towards 10000/10090/10170, Bearish below 9900 for a move towards 9860/9810/9750. We can see price time squaring based on today high of 9933 and time cycle of 04 Oct.  High made today was

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Nifty Weekly Forecast for RBI Policy Week

Last Week we gave Chopad Levels  of 9930,  Nifty did 2 Entry as per Chopad Level Monday and Wednesday Discipline Chopad Followers were rewarded handsomely as Nifty  did all 3 target on downside as confluence of time cycle coming in 25-26 Sep showed its effect, So overall good week for chopad followers.  Lets see How to trade Nifty in coming week as we approach the trade set up with RBI Policy on 04 Dec which is also a Crucial Trend change date. Hope readers are getting benefited with the time cycle analysis.

Nifty Harmonic

As discussed in last analysis 10150 done but once

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Nifty Weekly Forecast for Sep Expiry

Last Week we gave Chopad Levels  of 10092,  Nifty opened above the chopad level, Hence chopad followers were unable to take trade till Wednesday. On  Thursday Both Short and Long Triggered got Stop out and than patience and Discipline of Chopad Followers paid of on Friday with Nifty High of 10095 and did 2 target on downside as crucial trend change date of 23 Sep showed its effect, So overall good week for chopad followers.  Lets see How to trade Nifty in coming week as we approach the trade set up with confluence of time cycle coming in 25-26 Sep.

Nifty Harmonic

As discussed in last analysis Nifty was able to cross and close above the PRZ zone of 10030-40, till we are holding that we can see fast move towards 10150/10236/10416.
10150 done but once the PRZ zone was broken

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Bank Nifty does Price Time Squaring and gave big move

As discussed in Last Analysis   Bank Nifty gave the big move as we were expecting near turn date and also made low of 24706 near our target of 24700 and bounced back as its was gann angle support, Now Bulls need to move above 24800 for a move towards 24994/25198. Bearish below 24700 for a move towards 24480/24250. 23 Sep is an important time cycle date,effect will be seen either tomorrow or Monday.  Its a Deja Vu  trade in bank nifty today everything was so perfect High made was 24709 as soon Bank Nifty was below 24700 big fall started towards 24480, When both time and price meet big move happens, another good example we saw today, 23 Sep effect  was seen today as we closed below our Divine Number of 24480 which has give very good trades in last 2 months, so till we are trading below 24480 we can see fall towards 24151/23963. Bullish above 24510 for a move towards 24800.  “Giving” it the way Karna does…

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Nifty ready for big move,EOD Analysis

• FII's sold 5 K contract of Index Future worth 469 cores ,2.6 K Long contract were added by FII's and 8.1 K Short contracts were added by FII's. Net Open Interest increased  by 10.7 K contract, so fall in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.14. Unlock your Trading Success

• As discussed in last analysis   Another failed attempt to close above 10171, but still able to hold 10100 level. Day of consolidation after new high, not change in structure of market as we are holding the gann angle as shown in below chart. Another failed attempt to cross 10171

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Bank Nifty ready for big move,EOD Analysis

As discussed in Last Analysis   Till 25000 is held bulls have upperhand and can push nifty towards 25281/25532. Bearish below 24940 for a move towards 24700/24480 . Low made today was 24938 so bulls again protected 24940 but failed to close above 25000, so we closed in neutral zone before the outcome of Fed policy also as seen in below chart we closed at the trend change date so expect a good move in bank nifty in coming 2 trading sessions. Bullish above 25050 for a move towards 25281/25532. Bearish below 24900 for a move towards 24700/24480. Unlock your Trading Success

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Unlock your Trading Success

 If you want to be a consistent profitable trader  in the long run there are THREE elements of trading that you must have in place.These THREE elements which we will discuss are like 3 chairs of stool if you do not follow anyone of them you are bound to fail.

• A Robust Backtestested and Trusted trading System

You must trade a WINNING trading method: Your trading system must be valid and profitable through past markets. The best way to win in the markets is to have a method that identifies potential trends and gives you entries and exits that put the probabilities on your side for winning trades. Many times these systems will have huge winners that pay for all the small losses and make you profitable. Find your edge and learn how to make it a profitable one. If you have no edge and no winning system your trading

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Nifty make fresh life high, holding 10030

• FII's sold 2.2 K contract of Index Future worth 197 cores ,1.4 K Long contract were added by FII's and 3.6 K Short contracts were added by FII's. Net Open Interest increased  by 5.1 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.35. Daring greatly requires worthiness

• As discussed in last analysis   Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. till we are holding 10030 another attempt will be made towards new life highs and ultimate move towards 10250 which is an important gann resistance,  Bearish below 10030 for a move towards 9970/9930/9870. So Finally we crossed the new life high with a gap up,

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Bank Nifty Bounces above 25000, Holding Gann Level

As discussed in Last Analysis Low made was 24791 so bulls continue to hold 24788 even though we had geo political concerns, Till 24788 is held another attempt will be made to reach 25000/25200.Bearish below 24480 for a move towards 24336/24180/24000. Bank Nifty held to 24788 and today was saw a 200 points bounceback and move back above 25000, Bulls need to hold 25000 for a move towards 25200 new life high and move towards 25281/25532. Daring greatly requires worthiness

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Bank Nifty Weekly Forecast for 18-22 Sep

Last Week we gave Chopad Level 24480  Bank Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.

Bank Nifty Harmonic Pattern

25000-25050 is crucial zone for bank nifty

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Nifty Weekly Forecast for 18-22 Sep

Last Week we gave Chopad Levels  of 9911,  Nifty opened above the chopad level, Hence chopad followers were unable to take trade. Lets see How to trade Nifty in coming week as we approach the crucial trend change date of 23 Sep. Last Week time cycle of 18 Sep did give a good trade.

Nifty Harmonic

Nifty was able to cross and close above

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Nifty Bulls make another failed attempt to close above 10100

• FII's bought 1.5  K contract of Index Future worth 133 cores ,2.3 K Long contract were added by FII's and 868 Short contracts were added by FII's. Net Open Interest increased  by 3.2 K contract, so rise in market was used by FII's to enter long and enter short in  Index futures. FII's Long to Short Ratio at 1.38. Daring greatly requires worthiness

• As discussed in last analysis   Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. till we are holding

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Bank Nifty Bulls Continue to protect 24788,EOD Analysis

• As discussed in Last Analysis Bearish below 24480 for a move towards 24336/24180/24000.  Gann angle line supported bank nifty yesterday and today it did 24995, Now Bulls need to hold 24788 for a move towards 25200/25500. Bearish below 24480 for a move towards 24336/24180/24000. Low made was 24791 so bulls continue to hold 24788 even though we had geo political concerns, Till 24788 is held another attempt will be made to reach 25000/25200.Bearish below 24480 for a move towards 24336/24180/24000. Daring greatly requires worthiness
  

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Bank Nifty Held to Gann Line amid Volatility,EOD Analysis

As discussed in Last Analysis Bank Nifty above 24768 can see move towards 24912/25050. Bearish below 24480 for a move towards 24336/24180/24000. As soon as 24768 was broken bulls went long and did high of 24821 and also closed above 24768, so till 24480 not broken bulls will have upper hand and can push bank nifty towards 24912/25050/25200. Bearish below 24480 for a move towards 24336/24180/24000.  High made toady was 24948 so 2 target of 24912 also done,and closed above 24768 again. Till 24700 which is gann horiz

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Nifty Weekly Analysis,Ready for Big Move

Last Week we gave Chopad Levels  of 9999,  Nifty gave Short entry to Chopad Followers on Monday did 1 target on downside, Nifty was not able to cross chopad levels for the whole week.Lets see How to trade Nifty in coming week as new time cycle starts from 11 Sep.

Nifty Harmonic

Gartley Pattern of last week did the target, Now ABCD pattern PRZ Zone is in range of 10030-10040 so this range we need to be cautious

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Bank Nifty Weekly Analysis,Ready for Big Move

Last Week we gave Chopad Level 24480 Bank Nifty gave Short Entry on Monday,  got 1 target on downside,Bank Nifty was not able to cross chopad levels for the whole week.Lets see How to trade Nifty in coming week as new time cycle starts from 11 Sep.

Bank Nifty Harmonic Pattern

Gartley Pattern target till 23405

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