valuetrading

nifty neowave chart

noreply@blogger.com (abhay r somkuwar) — Sat, 29 Feb 2020 07:52:00 +0000

two year consolidation.
it is likely as an upward sloping diametric formation seen on nifty monthly chart.

important support seen near 11000.
uptrend would resume when it gets supported and comes out and above the pattern

Final leg g under completion.
should not go below 10640 else downside will intensify on long term charts.

nifty view

noreply@blogger.com (abhay r somkuwar) — Tue, 04 Feb 2020 05:39:00 +0000

breakdown from expanding triangle on daily.

noreply@blogger.com (abhay r somkuwar) — Thu, 04 Apr 2019 06:13:00 +0000

Market is technically at all time high but valuations are stretched beyond highs.

Also combined market earnings of nifty stocks is not rising.

this is a cause for concern, since growth is not taking place.

So while money flow can keep market afloat and up, any unpleasant election outcome or global scenario or weakening technical structure on longer term charts can upset the upside.

Hence caution is advised with suitable profit stops in place.

noreply@blogger.com (abhay r somkuwar) — Thu, 28 Feb 2019 05:48:00 +0000

For the past year getting many indications that nifty may be heading towards 9300 and 8600 if it breaks 10700 and stays below it.

While this may be a speculation at this point of time hence caution is advised in taking any such positions in market based solely upon this.

We may need fundamental data or domestic or global markets going bearish to support such a movement.

Apollotyre Neowave analysis

noreply@blogger.com (abhay r somkuwar) — Fri, 07 Sep 2018 04:33:00 +0000

Apollotyre daily Chart with Neowave analysis

sensex yearly chart

noreply@blogger.com (abhay r somkuwar) — Tue, 12 Dec 2017 05:58:00 +0000

Brent Crude oil

noreply@blogger.com (abhay r somkuwar) — Tue, 07 Nov 2017 13:25:00 +0000

brent crude oil technically readying for 100 plus rally in a few years? has to first overcome monthly resistance near 69.50 and may pullback toward 40 which looks probable. Interesting how geopolitical risks play out from hereon.

noreply@blogger.com (abhay r somkuwar) — Mon, 29 May 2017 04:18:00 +0000

after a breakout from the upward sloping channel, nifty is in fresh momentum and rising with superspeed. a new market top or an intermediate top near 10050 is about to form in days to few months as valuations are getting stretched. but money is still coming in from dii's and earnings are getting upgraded so maybe still time. so tighten your seat belts. enjoy the ride and try to book out of the markets near targets. iam upgrading my long term target on nifty from 10500 earlier to 11200 with long term support near 8400.

playing with channels

noreply@blogger.com (abhay r somkuwar) — Wed, 26 Apr 2017 06:46:00 +0000

nifty daily chart channels trading.

nifty strategy for short term

noreply@blogger.com (abhay r somkuwar) — Thu, 09 Mar 2017 08:30:00 +0000

UP assembly elections are over and exits polls are due to come today evening and results on 11th march 2017. Nifty is rangebound since last few days as such in no trade zone. As such the strategy in f&o could be taking position in the direction of breakout above 8990 or breakdown below 8860. Any such breakout/down then ensures atleast 120-140 points movement or more in that direction.

noreply@blogger.com (abhay r somkuwar) — Sat, 26 Nov 2016 03:51:00 +0000

looks like a bottom is made or will be made near 7850-7900 for short term, may use any dips toward it to buy into the market, resistance exists near 8400-8450.

time to trade buy into major dips metals gold, silver, platinum with a two three month perspective.

monthwise fii and dii flows

noreply@blogger.com (abhay r somkuwar) — Tue, 22 Nov 2016 07:36:00 +0000

nifty now where from here

noreply@blogger.com (abhay r somkuwar) — Mon, 21 Nov 2016 02:46:00 +0000

last time I said 8300 is a strong support. that was true as long as broad expectations from local and global scenario. but we had two major unexpected and unforeseen negative scenarios developing for the market from second week of November. that is, Trump winning US Presidential elections and demonetization of Rs 500 and Rs 1000 denomination currency here in India, this singularly and together could lead to slowdown in our economy to which market reacted accordingly and broke the support level. bottoming out will take few more weeks and probably levels upto 7650-7950 can act as supports.

this is interesting, a salute to dr raghuram rajan

noreply@blogger.com (abhay r somkuwar) — Fri, 18 Nov 2016 06:27:00 +0000

the rajan rally

noreply@blogger.com (abhay r somkuwar) — Tue, 30 Aug 2016 03:49:00 +0000

as per previous post a downside support zone was marked in dotted rectangle and a movement upto 6350 was expected possible, after which I could not update market views.

nifty found base near 6900 and saw a major recovery to 8800.

there is bullishness on long term charts.

current view is support around 8300, max downside around 8000 i.e 6% from here.

long term upside is as given before i.e around 10500 i.e 22% from current nifty level.

therefore risk-reward ratio is still very good for long term investors buy on correction or market dips.

the possible nifty support zone

noreply@blogger.com (abhay r somkuwar) — Fri, 12 Feb 2016 05:20:00 +0000

nifty can possibly take support near 6350 although testing of 5900-6000 not ruled out.

update on ew

noreply@blogger.com (abhay r somkuwar) — Sun, 25 Oct 2015 07:16:00 +0000

since nifty spot has gone above 8100 and stayed, the previous ew count third wave down has been negated and 5th wave down deemed to have completed.
but any breach below 8050 prev wave count valid with modified downside tgts.

my latest nifty ew counts 06th sep 2015

noreply@blogger.com (abhay r somkuwar) — Mon, 07 Sep 2015 02:21:00 +0000

nifty futures chart

noreply@blogger.com (abhay r somkuwar) — Wed, 28 Jan 2015 04:10:00 +0000

nifty futures.

eod price chart.

maybe moving in an expansion diagonal in a bull market.

current resistance zone, as marked by rectangle, and the supports and resistances offered and formed by the two trendlines as shown on the chart.

crude oil long term chart

noreply@blogger.com (abhay r somkuwar) — Sun, 25 Jan 2015 07:22:00 +0000

monthly crude oil futures chart

crude oil broke below 95$/bbl and continued a sharp downmove.

crude oil futures may be approaching levels between 30-40$/bbl.

after bottoming out there a pull back expected.

mkt outlook 21st jan 2015

noreply@blogger.com (abhay r somkuwar) — Wed, 21 Jan 2015 04:33:00 +0000

as said nifty reacted around resistance levels(refer previous posts) last time and came down and tested support levels, bounced from there and again came back to 8700-8800 levels now.

longer term support/sl for nifty 7850.

resistance around 8800.

if nifty stays above 8800-8850, expecting more upmove and the next resistance around 9250-9300 in the intermediate to long term.

short term support expected near 8600.

noreply@blogger.com (abhay r somkuwar) — Thu, 06 Nov 2014 19:43:00 +0000

hope everyone had a cheerful joyous and fun-filled Diwali.

so just as given in earlier post here, nifty first bounced off the first given support and then from second strong support marked by the two green-coloured ovals as shown in the two charts, though there was a brief temporary breach of the support line. Now nifty is looking strong again climbing more than 500 points from the second mentioned support zone.

The bullish view for nifty continues and the intermediate support levels have now shifted upwards. nifty support levels are roughly around 7900 and 7800 below which it turns weak. the resistance/target levels now are just above 8500 and 8780, few points here and there. With the positivity on the Indian economy, funds flow and earnings upgrades these target levels should not be difficult to achieve in the medium term to intermediate term. we are already very close to the first target of 8410 or so, so any large profit booking in days to come will again be a good buying opportunity in the market towards the above mentioned second target.

my long term target stands at above 10000 for the nifty but with a sizeable or meaningful deeper correction first.

noreply@blogger.com (abhay r somkuwar) — Thu, 23 Oct 2014 11:12:00 +0000

wishing

and all friends, followers and visitors of valuetrading.BlogSpot.com,

a very

healthy,

happy,

and prosperous

DIWALI 2014 !

have a safe and green Diwali.

the cnx nifty projected support zones

noreply@blogger.com (abhay r somkuwar) — Tue, 16 Sep 2014 21:33:00 +0000

the cnx nifty projected support zones.

nifty view for next two months

noreply@blogger.com (abhay r somkuwar) — Thu, 13 Mar 2014 08:49:00 +0000

nifty spot support1 6300 support 2 5800, above 6300 tgt1 6600 revised tgt2 7000