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Crude shows  hell of a lot of time to break the head and shoulder pattern. It shows a good consolidation before the surge in price. OPEC has agreed to cut short their supply leads to price  stabilization  in the mid term. As per the chart if crude is able to break the pattern the theoretical target should be somewhere around 72-75 However there is a resistance at 57 -58 first. Market is subject to risk Only time will tell

?!!?Will History repeats itself ?!!? only time will tell Market is subject to risk! Godspeed!!!

The following is the Nifty daily chart Look closure into the tiny candles formation here, it looks like a short term Head and shoulder is forming which is further supported by volume formation. However the formation is yet to form and we have to wait for a crack below 8550 to confirm it. Two major resistance of nifty are 8680 and 8720 which may lead to failure of head and shoulder pattern to form. But If in case it starts to crack then nifty will try its best to fill the gap of 8375 created on 11th of july 2016 as shown in the image above. Further Nifty PE is 23.73 and dividend yield is 1.25 SO be cautious in every trade Time will only tell Market is subject to risk

This is the nifty hourly chart Nifty closed at 7704 today. The rally begun from the date of union budget after testing 6830 and jumped all the way till 7704 today. Till 7450 all were bearish and now at 7704 all are so damn bullish. FIIs are buying everyday ......that is a good new, but do not forget they are equally fast to sell as they are to  buy. Market is on the verge of 5th of the 5th wave as shown in image above (hourly chart). Now it is the waiting for the corrective wave A to begin......for which we may not  have to wait so long. Nifty has made a breakout from the expanding triangle which most probably could be  fake breakout  . volume has not shown much of a zeal too. However it all depends on how much open position are left with buyers and blank sellers .  If market corrects it can drag down to 7270 level and may close around 7350 month on month basis. Only time will tell  Market is subject to risk  Mar...

Nifty PE is 19 Nifty touched 6870 almost 50% retraction of the range from 4600 till 9100 monthly basis. noted the month will end on Monday concluding with Union budget  Market is searching desperately for a base  which is not seen by many due to too much bad sentiments Indicators are also showing weird interpretations as too many smart people are using too much technical indicators and taking there protections. However FII are net sellers till Feb all the way from Jan. Daily Volume is showing some good news as its diverging in the chart as u can see here. Nifty retested 6960 and  trying to get out of it, though not so vehemently. My advise will be for the shorters in the market ................ be cautious  !!!!  If you short please do write 6800 put along with as it will cushion you from sudden upside spurt. Else buy with strict stop loss of 6800 closing basis. Market if rebounds it will surely gonna test 7350-7400  for the immediate short...

Market is at selloff however it touched 7241 on 20th jan 2016 A new low may be 7160 in the near trading days but there will fast reversal from that level Above is the monthly chart We are in the fourth wave of the third grand cycle,  which according to general rule of fibonacci  range,  has touched 7330. However month is not ended so if i the coming week nifty stays above 7330 on closing basis we can see the fifth wave of the third grand cycle in the offing. market is subject to risk only time will tell