Market analysis to be done with perfection if we consider FIIs activity also .
FIIs were net sellers on each session since 7 th June turned net buyer on Indian equities on 28 th June 13 after expiry…
Is it a new start of new rally towards 6100 ?
as per weekly chart and momentum nifty may kiss 6100 6360
or Nifty came to kiss upper falling trend line
Nifty cleared two obstacles during market hours ..20 and 200 day sma…resting above 200 dma and below falling trend line ..negative to gap down opening will fuel bears and opposite will help bulls …
Seeing all this it can be predicted that nifty is in buy on dips mode …we may see retracement but short term trend is bullish ..positional traders keep sl 5690 and buy on dips ..intra traders may trade according to intra trends ..long and shorts .
possible range for coming week may be 5700 5930 …if 5930 breached with volumes nifty will trade above 6100 … 5845 and 5930 are two hurdles…
Nifty moved up with volumes and addition of OI is indicating that rally is not fake ….and not a pull back rally so those who are trapped and still holding short positions trade wisely and try to cover your losses trading on each positive and negative wave …market will move in the form of waves ..have a look at waves …you can name them eliott waves which may be spotted in each time frame .
If you can read chart and identify waves may trade in both direction positive and negative as well
you can spot and see in charts such waves easily in each time frame ..
You can learn online ..Join Dhanvarsha today ..
The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.
One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.
The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott.
Elliott Wave Principle measures investor psychology, which is the real engine behind the stock markets. When people are optimistic about the future of a given issue, they bid the price up.
Two observations will help you grasp this: First, for hundreds of years, investors have noticed that events external to the stock markets seem to have no consistent effect on the their progress. The same news that today seems to drive the markets up are as likely to drive them down tomorrow. The only reasonable conclusion is that the markets simply do not react consistently to outside events. Second, when you study historical charts, you see that the markets continuously unfold in waves.
Using the Elliott Wave Principle is an exercise in probability. An Elliottician is someone who is able to identify the markets structure and anticipate the most likely next move based on our position within those structures. By knowing the wave patterns, you’ll know what the markets are likely to do next and (sometimes most importantly) what they will not do next. By using the Elliott Wave Principles, you identify the highest probable moves with the least risk.
Macro and micro analysis nifty for week ending 5 June 13
FIIs were net sellers on each session since 7 th June turned net buyer on Indian equities on 28 th June 13 after expiry…
Is it a new start of new rally towards 6100 ?
as per weekly chart and momentum nifty may kiss 6100 6360
or Nifty came to kiss upper falling trend line
Nifty cleared two obstacles during market hours ..20 and 200 day sma…resting above 200 dma and below falling trend line ..negative to gap down opening will fuel bears and opposite will help bulls …
Seeing all this it can be predicted that nifty is in buy on dips mode …we may see retracement but short term trend is bullish ..positional traders keep sl 5690 and buy on dips ..intra traders may trade according to intra trends ..long and shorts .
possible range for coming week may be 5700 5930 …if 5930 breached with volumes nifty will trade above 6100 … 5845 and 5930 are two hurdles…
Nifty moved up with volumes and addition of OI is indicating that rally is not fake ….and not a pull back rally so those who are trapped and still holding short positions trade wisely and try to cover your losses trading on each positive and negative wave …market will move in the form of waves ..have a look at waves …you can name them eliott waves which may be spotted in each time frame .
If you can read chart and identify waves may trade in both direction positive and negative as well
you can spot and see in charts such waves easily in each time frame ..
You can learn online ..Join Dhanvarsha today ..
The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.
One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.
The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott.
Elliott Wave Principle measures investor psychology, which is the real engine behind the stock markets. When people are optimistic about the future of a given issue, they bid the price up.
Two observations will help you grasp this: First, for hundreds of years, investors have noticed that events external to the stock markets seem to have no consistent effect on the their progress. The same news that today seems to drive the markets up are as likely to drive them down tomorrow. The only reasonable conclusion is that the markets simply do not react consistently to outside events. Second, when you study historical charts, you see that the markets continuously unfold in waves.
Using the Elliott Wave Principle is an exercise in probability. An Elliottician is someone who is able to identify the markets structure and anticipate the most likely next move based on our position within those structures. By knowing the wave patterns, you’ll know what the markets are likely to do next and (sometimes most importantly) what they will not do next. By using the Elliott Wave Principles, you identify the highest probable moves with the least risk.
Macro and micro analysis nifty for week ending 5 June 13
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