NIFTY OUT LOOK

For MON 20170904

Nifty: 9974 Day Pivot: 9956  is trading at the long tern trend line resistance line. MACD is showing a positive crossover , while moving above the zero line  is positive,

Last week i was expecting nifty to find a lower target, but if nifty is successful to trade above the trend line it can turn bullish

 Above 10001 today’s Resistance are 10018_10044 &10071

Below 9948 today’s Supports are 9930_9905 & 9878

Weekly above 10033 Nifty’ Resistances will be 10069_10127 &10185

Weekly below 9916 Nifty’ Supports will be 9880_9822 & 9763

Monthly above 10090 Nifty Resistances will be10163_10279&10396

Monthly below 9858 Nifty Supports 9786_ 9669 & 9553

HAPPY RAM NAVAMI (BLOG UPDATED FROM HERE)

Hello every one
Please find the nifty view.

(Below are my OLD  POSTINGS started from1998)

Speciality Restaurants Ltd

Breakout from a long term trend line;

190 area will have strong resistance.

Target RS:244 can be find new highs.

SL:175

First source solution is showing positive signs, having a target arround 40 in an year.
SL:11.50

nifty is falling from the resistance  will have support near 5600.
A 300 point down move expected in next 15 days.
 

Lovable

Lovable Lingerie Ltd: weekly chat attached, is a good buy

 at current level 392 for a target above 600 in an year.

 The technical daily weekly and monthly all turned positive.

 stop loss 372.

 

 

Buy whirlpool for a target >340
SSL:258

BUY symphony for atarget >460 SL:308

Navin Fluorine

BUY Navin Fluorine target 350 stoploss:283

BUY sbt

the blog settings are totaly changed. i will find time for a good posting. very limited time using PC at home. the office  PC now a days doesnt work for many sites.there is restriction to many sites. all this reason i am unable to make any postings.

 buy navivflurine for a target 350 SL:283 TEST

Onmobile is trading above the last falling trend line with good volume. RSI shows positive divergence


Target Rs: 56 sl:32

Nifty is nearing to the END of a short term up trend and may target around 5454,

queer: nop it is R1 of monthly pivot,and of course it is x.786 0f the last big fall.

I don’t see that it can go beyond this level with current technical set up.

Nifty is trading in a raising wedge and currently at the resistance of the wedge.

Now RSI is in oversold position & watch for a divergence in RSI

sorry for being absent for long time,I was under preparation of being demobilized from Kuwait. Reliance is trading in a symmetrical triangle since june 09. On breaking the rsi support the stock can trade down to 850 level, not a good sign for market. The MA 200/50 pair is showing neg: cross over.

nifty_EW follow up It seems like c5 started and will end up soon but must be in a corrective pattern. We may see 5400 before expiry. Earlier 4952 (c of C4 = 1.618 of “a” of C4 comes 5342 – 240x1.618= 4952 ) & now both way crossing the channel is the negation points for this count. ie: it should not go, below 4984 and above the top trend line for completing c5.. say B. Let me recite some part of my lessons yah.. there is no absolute in EW but only alternates.. several radically different counts are possible from a same price action…

Nifty an EW perspective _my view I suppose that we are in C of larger B and C is forming up as an Ending Diagonal consisting all 3’s. We are at the end of C4 now, may target somewhere 4950. C5 as it says, ED will end below the converging top Trend line may end up some where near 5460,befor the great fall. Hence B was trading nearly 22 days C MUST COMPLETE BEFORE 27 MAY (219 trading days). Expiry could be near 5400 area. Take the all above as a learner’s perspective only. C2a was a sharp pattern. C3 doesn’t look like a corrective But it says we must expect deviation from the basic text book models.

Market is in a crucial juncture as we approched top with bullish bias. On crossing the resistane 5311 _5330 nifty can target 5370_5445. Where as on breaking the support 5170 can come down to wedge bottom 5050.

test _ for charts not uploading sensex _weekly chart

Monthly out Look On crossing the resistance 5256 nifty can reach 5455 and 5540 Support 5170 weekly outlook 5256 & 5287 Tomorrow 5170 & 5150 res:5211

Breakdown from the short term TL and the indicators are showing bearish signs. Next target could be around nifty4860 / sensex 16300. Trend line starts from the March low support nifty but it has seen broken in sensex.