Nifty forms Bullish Engulfing pattern, Weekly Analysis

Last week we gave Chopad Levels  of 8026 ,Nifty made high of 8250.8 meeting our 3 Chopad Level of 8251 and closed at the highest point of the week. We got Stopped out on Monday but were with the trend from Tuesday as soon as Nifty moved above the Chopad level of 8026 and rewarded the Disciplined Chopad followers .  Lets analyze how to trade market in coming expiry  week.

Nifty Hourly Chart

As discussed last week Also Bull Power indicator is crossing the median line which if sustained can see relief rally coming in market till 8147/8290 odd levels.

Now as per Currently Hourly chart we have confluence of Trendline Resistance and 4×1 gann line @8286-8300 zone, so long should book profit in the zone and wait to see how market react in this zone.Support lies in range of 8176-8150 range.

Nifty Hourly Elliot Wave Chart

Hourly charts on Elliot wave shows 8279 is target for this rise, unable to rise beyond this can again see market falling back.

Nifty Pyrapoint Analysis

As per Pyrapoint Analysis till 8200 is held @90 degree line bulls are in control,can push nifty up till 8351 zone @ 45 degree line once congestion zone of 8280/8300 is crossed. Bear have life below 8150 only.

 Supply Demand Zone

Bounced 3 time from Demand zone and once 8351 is crossed big chace of market to rally towards 8432 odd levels in coming days.

Nifty Gunner

Entering a new quadrant in Gunner with green arcs in vicinity time to be cautious on longs, till zone of 8280/8300 not crossed.

Nifty Harmonic

As discussed last week Nifty has completed the BAT  and ABCD pattern on downside. Holding lows can see bullish upside move.

So we were able to capture bottom now on upside as per above chart some profit booking expected in coming week till 8200/8150 either from 8251 or 8280/8300 zone.

Nifty Daily Elliot Wave Chart

As per EW more legs are left to the rally use dips around 8000/7900  to take exposure to quality large and mid caps stocks. NO leveraged positions this for cash market traders.

 Traders who bought must have bee rewarded.

Nifty MML

As discussed last week Unable to cross 7971 short term target 7813. Holding above 8000 short term target 8126/8281.

8283 is MML resistance zone and Support at 8122.

Nifty Gann Date

Nifty As per time analysis 22 June/25 June  is Gann Turn date , except a impulsive around this dates. Last week we gave 17 June/20 June Nifty saw a volatile move .

 Nifty Gaps

For Nifty traders who follow gap trading there are 15 trade gaps in the range of  7000-9000

• 7067-7014
• 7130-7121
• 7276-7293
• 7229-7239
• 7454-7459
• 7526-7532
• 7598-7568
• 7625-7654
• 7780-7856
• 7927-7940
• 8174-8195
• 8091-8102
• 8262-8271
• 8365-8391
• 8937-8891

Fibonacci technique

Fibonacci fan

Took support @38.2% and bounced back sharply.

8208-8286 is fibo retracement as shown above are important level to be watched in coming week.

Nifty Weekly Chart

It was positive week, with the Nifty up by 242  points  closing @8224 , forming Bullish engulfing pattern and closing above its 55 WEMA and below its 20 WSMA. Nifty has bounced sharply 310 points in past 6 trading sessions based on oversold nature of Weekly chart and positive divergence . As per time analysis next cycle from  22-26 June will be Volatile cycle with underlying trend neutral to bullish.  Time Analysis of showing positive move after 14 June worked perfectly

Weekly Gunner

Gunner weekly charts bounced perfectly from red arc and horizontal line and resistance @grey line as shown in above chart.

Trading Monthly charts

Monthly chart recovered back to its 23.6 % retracement.

Nifty PE

Nifty as bounced from 22 PE ratio and move back towards 22.79 zone.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8251

Nifty Resistance:8300,8350,8446

Nifty Support:8200,8156,8070

 

Stock Tips and Nifty Tips 22/06/2015

NIFTY OUTLOOK FOR 22/06/2015

BULLS ARE PLAYING THE INNINGS,
SEE A WEEKLY CLOSE ABOVE 8200 AT 8224,
TREND LINES PLACE FIRST RESISTANCE AT 8266-88 LEVEL,
THE NEXT BIG RESISTANCE PLACED AT 8311-33 LEVEL,
A CLOSE ABOVE 8333 IN THIS WEEK AHEAD,
WILL CONFIRM US NIFTY RESUMING THE BULLISH TREND,

NOW THE PIVOT PLACED AT 8133,
BEARS ARE WAITING BELOW 8133,
A CLOSE BELOW 8088 WILL BRING MORE BEARS,

50DMA @8301 AND 200DMA@8359,
THIS DEVIL CROSS PUT NIFTY IN TO
THE BEARISH ZONE,

BEARS ARE FOLLOWING ONE PATTERN,
THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE TOP PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

NOW BULLS ARE ALSO HAVING ONE PATTERN,
THE LOW OF NIFTY ON 07/05/2015 WAS 8057,
THE HIGH OF NIFTY ON 22/05/2015 WAS 8489,
AGAIN NIFTY MADE A LOW OF 7940 ON 15/06/2015,
THIS IS FORMING DOUBLE TOP PATTERN IN DAILY CHART,
SO ABOVE 8489 BULLS CAN TARGET 9038,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8133,
ABOVE 8177 BULLS CAN TARGET 8311 AND 8400,
BELOW 8088 BEARS CAN TARGET 7955 AND 7866,

Buy M&M Financial with a target of Rs 275: Ashwani Gujral

'M&M Financial Ltd. is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250'

Buy Reliance Industries with a target of Rs 1,030: Ashwani Gujral

'Reliance Industries Ltd. is a 'BUY' call with a target of Rs 1,030 and a stop loss of Rs 990'

Buy LIC Housing with a target of Rs 465: Ashwani Gujral

'LIC Housing Ltd. is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 430'

Buy HDFC with a target of Rs 1,275: Sandeep Wagle

'HDFC Ltd. is a 'BUY' call with a target of Rs 1,275 and a stop loss of Rs 1,220'

Buy M&M with a target of Rs 1,330: Sandeep Wagle

'M&M Ltd. is a 'BUY' call with a target of Rs 1,330 and a stop loss of Rs 1,260'

Stock Tips and Nifty Tips 17/06/2015

NIFTY OUTLOOK FOR 17/06/2015

NIFTY BULLS ON THE RECOVERY MODE,
GREECE PROBLEM NOT AFFECTING THE BULLS,
SEE A CLOSE ABOVE 8022 AT 8047,
NOW THE PIVOT IS AT 8044,
SO ABOVE 8066 BULLS CAN TARGET 8177 AND 8266,

GREECE MAKING ALL THE MARKETS VOLATILE,
50DMA @8352 AND 200DMA@8355,
THIS DEVIL CROSS BRING NIFTY IN TO
THE BEARISH ZONE,

REST REMAIN SAME AS FOLLOWS,
PIVOT SLIP DOWN TO 8044,
BEARS ARE WAITING BELOW 8000,
7844 AND 7755 ARE THE WEEKLY TARGETS,

BULLS NEED A CLOSE ABOVE 8066 TO TERMINATE
THE TARGETS OS BEARS,

BEARS ARE FOLLOWING ONE PATTERN,
THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8044,
ABOVE 8088 BULLS CAN TARGET 8222 AND 8311,
BELOW 8000 BEARS CAN TARGET 7844 AND 7755,

Sell HDFC Bank with a target of Rs 990: Prakash Gaba

'HDFC Bank is a 'SELL' call with a target of Rs 990 and a stop loss of Rs 1,015'

Sell BHEL with a target of Rs 240: Prakash Gaba

'BHEL is a 'SELL' call with a target of Rs 240 and a stop loss of Rs 247'

Sell Karnataka Bank with a target of Rs 120: Mitesh Thacker

'Karnataka Bank Ltd. is a 'SELL' call with a target of Rs 120 and a stop loss of Rs 130.25'

Sell Tata Steel with a target of Rs 274: Ashwani Gujral

'Tata Steel Ltd. is a 'SELL' call with a target of Rs 274 and a stop loss of Rs 300'

Sell Arvind with a target of Rs 210: Ashwani Gujral

'Arvind Ltd. is a 'SELL' call with a target of Rs 210 and a stop loss of Rs 226'

Market Outlook & Nifty and Bank Nifty Live Calls – 16.6.2015

Nifty ( Spot ) : The crucial support for the Nifty is at 7975 – 7935 – 7900  and the resistance is at  8075 – 8100 – 8150

Pre-market Future Call ( Intraday) :

ACC  —  Buy above 1378  StopLoss 1369 Target 1388 , 1396

             Short Sell below 1369  Stop Loss 1378 Target 1358 , 1350

SUNPHARMA  — Buy above 841  StopLoss 833  Target  849 , 855

                        Short Sell below 833  StopLoss 841 Target 825 , 819

Stock Tips and Nifty Tips 16/06/2015

NIFTY OUTLOOK FOR 16/06/2015

BULLS GET SUPPORT FROM FRIDAY’S LOW,
MANAGE TO SEE A CLOSE ABOVE 8000 AT 8013,
GREECE MAKING ALL THE MARKETS VOLATILE,

50DMA @8353 AND 200DMA@8354,
THIS DEVIL CROSS BRING NIFTY IN TO
THE BEARISH ZONE,

REST REMAIN SAME AS FOLLOWS,
PIVOT SLIP DOWN TO 8022,
BEARS ARE ACTIVE BELOW 8022,
7844 AND 7755 ARE THE WEEKLY TARGETS,

BULLS NEED A CLOSE ABOVE 8066 TO TERMINATE
THE TARGETS OS BEARS,

BEARS ARE FOLLOWING ONE PATTERN,
THE HIGH ON 30/01 WAS 8996,
THE LOW ON 10/02 WAS 8470,
AGAIN THE HIGH ON 04/03 WAS 9119,
THIS IS A DOUBLE BOTTOM PATTERN,
BELOW 8472, (9119-8470=649) (8470-649=7821)
THIS PATTERN HAVE THE TARGET AT 7821,

AS PER TECHNICAL,
NOW THE WEEKLY PIVOT IS 8022,
ABOVE 8066 BULLS CAN TARGET 8200 AND 8288,
BELOW 7977 BEARS CAN TARGET 7844 AND 7755,

Buy Zee Entertainment with a target of Rs 356: Mitesh Thacker

'Zee Entertainment Ltd. is 'BUY' call with a target of Rs 356 and a stop loss of Rs 334'

Buy Cairn India with a target of Rs 199: Mitesh Thacker

'Cairn India Ltd. is 'BUY' call with a target of Rs 199 and a stop loss of Rs 183.50'

Buy HDFC with a target of Rs 1,227: Prakash Gaba

'HDFC is 'BUY' call with a target of Rs 1,227 and a stop loss of Rs 1,187'

Buy Bata India with a target of Rs 1,040: Prakash Gaba

'Bata India is 'BUY' call with a target of Rs 1,040 and a stop loss of Rs 990'

Sell Bank of Baroda with a target of Rs 140: Prakash Gaba

'Bank of Baroda is 'SELL' call with a target of Rs 140 and a stop loss of Rs 147'

Bank Nifty forms Weekly Doji, Weekly Forecast

Last week we gave the Chopad level of 17516  Bank Nifty achieved 2 target on downside  and 1 target on upside rewarding discipline chopad followers .Lets analyze how to trade next week.

Bank Nifty Hourly

Bank Nifty with gann angles are shown, took broke at 8×1 went till price channel bounced back to touch 8×1 gann line  and now need to close above 8×1 on hourly basis  for bulls to get momentum to move towards 4×1 line.

Bank Nifty Hourly  EW Daily

Hourly Elliot wave analysis is shown, 17200  will play crucial levels next week. Holding the same initial move can be seen till 17800/18000.

Bank Nifty Pyrapoint Indicator

Traded well in the range of Pyrapoint Analysis Support @225 degree line , resistance at 180 degree line.

Supply Demand Zone

Self Explanatory chart depicting Supply and Demand zone. Again bounced back from the demand zone 

Bank Nifty Harmonic

Bank Nifty has completed its Cypher pattern holding the low of 17200 can see initial bounce towards 17800 above that 18200.

Bank Nifty EW Daily

Use dips to keep accumulation quality banking stocks. Long term targets are still pending as shown above.

Bank Nifty Daily Gunner

On Daily chart  as per Gunner has taken support at the horizontal line and also close above the 1*1 gann line now move above 17800 can see good move on upside 18150/18400.

Bank Nifty Gann Dates

Nifty As per time analysis 17 June/19 June  is Gann Turn date , except a impulsive around this dates. Last week we gave 08 June/10 June  Nifty saw a volatile move .

Fibonacci technique

Fibonacci Fans

Again held on to its 38.2 %  as per FF

Bank Nifty Weekly

It was negative week, with the Bank Nifty down by 25 points  closing @17523 forming a weekly Doji , price again held its 50 WSMA and also AF line . We are in neutral to bullish time cycle from 15 JUne.

Bank Nifty Weekly  Gunner

Bank Nifty Monthly

Bank Nifty On Monthly chart prices got reject on higher end of Fibonacci channel now held the 61.8% retracement.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:17525

Bank Nifty Resistance:17646,17906,18036

Bank Nifty Support:17386,17256,17126

Nifty Weekly Forecast for 15-19 JUne

Last week we gave Chopad Levels  of 8156 ,Nifty made high of 8163 and  did 2 target on downside rewarded Chopad followers .  Lets analyze how to trade market in coming  week.

Nifty Hourly Chart

As discussed last week Break of 8057 can see move towards 8016/7961 odd levels. Nifty Hourly charts with gann angles are drawn,Nifty broke the @16×1 gann line and resistance will be @8×1 @8056. Also Bull Power indicator is crossing the median line which if sustained can see relief rally coming in market till 8147/8290 odd levels.

Nifty Hourly Elliot Wave Chart

Hourly charts EW target comes @788 and if 8000 is broken on MOnday we can see fast move on upside.

Nifty Pyrapoint Analysis

As per Pyrapoint Analysis Bullish move only on Hourly close above 135 line @8060.  Support @ 180 line @7914

 Nifty Market Profile

Nifty as per market profile if able to cross 8027 upside target comes to 8159. Bearish below 7903 for short term target of 7829.

Nifty Gunner

As per gunner nifty is still holding 2×1 gunner line if held bulls have hope for target of 8157/8232.

Nifty Harmonic

Nifty has completed the BAT  and ABCD pattern on downside. Holding lows can see bullish upside move.

Nifty Daily Elliot Wave Chart

As per EW more legs are left to the rally use dips around 8000/7900  to take exposure to quality large and mid caps stocks. NO leveraged positions this for cash market traders.

Nifty MML

Unable to cross 7971 short term target 78131. Holding above 8000 short term target 8126/8281.

Nifty Gann Date

Nifty As per time analysis 17 June/20 June  is Gann Turn date , except a impulsive around this dates. Last week we gave 08 June/10 June Nifty saw a volatile move .

 Nifty Gaps

For Nifty traders who follow gap trading there are 14  trade gaps in the range of  7000-9000

• 7067-7014
• 7130-7121
• 7276-7293
• 7229-7239
• 7454-7459
• 7526-7532
• 7598-7568
• 7625-7654
• 7780-7856
• 7927-7940
• 8262-8271
• 8365-8391
• 8937-8891

Fibonacci technique

Fibonacci fan

Took support @38.2%

Nifty Weekly Chart

It was negative week, with the Nifty down by 131  points  closing @7982 , and closing below its 20 WSMA and its 55 EMA. . Nifty has seen lowest closing of 2015 and below 8000. Weekly charts are oversold and showing divergence . Holding the low can see nifty moving intital move towards 8057 and 8232. As per time analysis next cycle from  15 June will be neutral to bullish . 

Weekly Gunner

Gunner weekly charts move towards the horizontal line as discussed lat week,

Trading Monthly charts

Monthly chart broke 23.6 % retracement.

Nifty PE

As per PE ratio has again down  to 22.12, Result season finally showed effect and nifty corrected almost 5% from 23 odd levels.

Nifty Weekly Chopad Levels

Nifty Trend Deciding Level:8026

Nifty Resistance:8117,8163,8251

Nifty Support:7894,7806,7755