deblog

Dlf daily Dlf weekly Dlf monthly I am not much into realty sector though but this Stock has caught my eyes. Simply its a long consolidation phase going on. Daily chart shows a little confusing pattern with head and shoulder in the offing but Rsi on top range moving towards over bought zone. However monthly and weekly chart shows quite good investment options with RSI  Banks will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs),  Detailed guidelines will be issued by may end.      upside  can be ranged around  210-270  with support at 137-115 for long term scenario. Market is subject to risk Only time will tell

Lets get on the back seat for a while , shall we!! Nifty given correction today due to US-Syria conflicts and weekly profit booking. Technically nifty can initiate a sell off till 9050 - 8990 level due to RSI divergence as shown in the image. As this divergence is in daily chart , I am not expecting a sharp decline but correction to touch a base level of  9050-8950  and wait for the broader picture to emerge. Only above  9275 market will continue its bull run further. Only time will tell Market to subject to risk

HISTORY never repeats itself . If it did, we would have had World War after every two decades. Instead TIME  takes inference from history , re-corrects itself and make   NEW history 

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

Nifty just broke the crucial support of 7730  which is the neckline of the head n shoulder pattern emerging in recent months If the head n shoulder pans out technically the target should be at around 7200-7160 level which is also 61% retracement level of the range starting from 6000 to 9100 nifty apart from other news and rumors nifty is travelling inside the bearish corrective channel where 7200 is a good level to enter for value buying of stocks  However above 8300 with good volume will change the bearish scenario and act as a reversal. Lets hope for the best ......we really do not want the recent head and shoulder to be confirmed and achieved ...........lols market is subject to risk only time will tell

Nifty touched 8329 facing some resistance there.... as analysed on 23rd sept and 13th oct blogpost next range will be 8520 however it shows some weakness which can drag nifty to 8145 and 8030 level then we can see another rally till 8500 market is subject to risk time will only tell

Following 23rd sept post nifty has touched 8237 from 7844 breaking 8000 mark Volume is up , however nifty resisted at 8237 due to result seasons in the offing. IIP data has come good however food inflation has come a little higher. Expect nifty to touch 8330 however it can retrace to 8050 level market is subject to risk only time will tell

Another Nifty Analysis Look at the picture Are we seeing an inverse Head and Shoulder pattern emerging in Nifty?!!! I am a little impatient to put forward my thoughts way before ......but alas I can't wait to say.....its my fault.....lols However its just a advancement towards it not a established H&S pattern. So we have to wait to break the neck line of 8049.....and if it pans out the way we expect then the target could be 8540 However the market sentiment are not so conducive .....and also the volume too. But we can not ignore the possibilities of nifty to bounce back by next weak ahead of RBI credit policy. At least we can see the filling of Gap created in August i.e. 8290 Not to mention if the lower side i.e. 7555 is broken we can witness lower low pattern  lets see only the time will tell Market is subject to risk

  FED CARES NOTHING...ITS A SUPERPOWER FED will take its decision and leave it to the market to take its course.  How long Fed will wait before it raises rates from near zero level is what Fed itself is pondering about. some day sooner it has to raise rates so why not now..... Its been whole nine years since US went into financial crisis News are out everywhere like shells on the roof....... Top news Europe closes today completely flat with way below trading volume Sgx nifty is surprisingly  running  at 50 points up at 7988, this is almost 89 points up from CNX Nifty close on 16th sept 2015 Dow jones gaining gradually ahead of Fed meeting Indian finance minister holding key economic meetings before Fed decisions to watch the live FOMC meeting proceedings follow this link http://www.ustream.tv/federalreserve late night update Fed rates unchanged and dow jones is stagnant

News to be watched this week....... Fed FOMC economic projection at 11:30 pm ISD 17th Sept 2015 Fed FOMC statement on rate decision at 11:30 ISD 17th Sept 2015 17th is trading holiday so we expect a volatile Friday this week......are we going to see a black friday or a golden friday!!!!!  Here is the nifty chart EOD Nifty volume shows accumulation as there is no such sharp fall in volume.  Latest nifty low was 7539 on 8 sept 2015 PCR is near to 1 as both call put positions are equally created in the market Today 8100 call open interest has increased substantially Fed interest rate decision is having a 50-50 chance of rate hike. If increased there will be margin call for big investors who borrowed funds at near zero rate. However market has already discounted that scenario...rest is up to the market And if not it will only be postponed till december.....so the dagger still looms  Technically if nifty breaks 7539 next level will be 7...

A WEIRD HYPOTHESIS Nifty chart 1. weekly chart Now lets Just rotate the image 180 degree and we'll have a picture like this Nifty weekly chart 2. Now it seems like the Nifty is making almost a copy of its previous pattern(as inverted)  and we can see a swings and moves here  3. This is the moves and swings on nifty till now inverted 180 degree. As we can see a repeating pattern like this matching with the current moves as visible on image 2 above. Now if we predict the move in the current chart with the past nifty chart inverted 180 degree, we can see a future moves like this Its looks so weird but so is Market Its not technical analysis and I am not predicting any such ,  its just a interesting pattern I recognised on market fractal chart

NIFTY as on 6th June 2014 Nifty may indicate a correction as some indicators are showing distribution and weakness Are we seeing a correction till 7235 7200!! ? If it works out and break this 7200 level we can see more correction till 7000. lets see only time will tell.

TISCO GET SET GO Above is a Monthly chart of Tatasteel TataSteel forming a technical Head and Shoulder pattern Delivery percentage has also risen in the current trading months with a neck line at 427 If the HS pattern pans out well the price target will be  around 612 -648 range positional buying Stop loss will be 382 and 337 as per comfy level Currently TataSteel is around 415 However market is at life time high so be cautious and try to invest in a correction Market subject to risk and sentiments Only time will tell

Nifty making  Bearish Head and Shoulder pattern Today brks below 6070 now to see if sustain below 6070 next target can be 5770 to confirm H&S pattern Gold future making Bullish head and shoulder If crosses above 30753 can test 32100 33200 levels  market is subject to risk Only time will tell

YesBank  Looking Voluminous trades in this script in Nse. Yes Bank support now at 273 265 254 range.  Target can be 395 403 422 range if only breaks above 315 price range to confirm Head N Shoulder pattern. Market is subject to risk and sentiments Time will tell