Sunday, October 30, 2016

Muhurat Trading for Diwali 2016 Samvat 2073

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Nifty is likely to trade between 8664 - 8623;
  2. The bias is neutral to negative;
  3. Likely to forma Doji, please read comments for real time commentary

Next update on: Wednesday evening Nov/02/2016, Thank You.

Thursday, October 27, 2016

Happy Diwali

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Nifty is consistently getting support below 8573, so far;
  2. But one last down-thrust remains before New Year Rally begins;
  3. The Long and Medium Term Bias is clear positive above 8480, short term is negative below 8737;
  4. The difficulty level of Nifty/Bank Nifty trading is highest at this stage, so look before you leap;
Next update on: Wednesday, Nov 2, evening. Please refer to previous posts for further clarity in context. Thank You.

Tuesday, October 25, 2016

Happy Ever After

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Nifty is stuck in the 8617 - 8777 range;
  2. It is trading flat, across the timeframes;
  3. Move from 8737 looks corrective;

Next update on:Thursday evening, Thank You.

Sunday, October 23, 2016

The Judgement Day

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. The expected range for next two days is 8773 to 8617;
  2. A close above 8737 might indicate breakout from the probable Flag pattern in price bars;
  3. Relying on the range only (since medium term bias is positive while short term bias is negative)
  4. Next Update on: TUESDAY

Thursday, October 20, 2016

Samurai from the East

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector
  1. Nifty is likely to trade between 8737 to 8647 level on Friday.
  2. Close above 8710 would indicate strength
  3. Next Update on: Sunday

Tuesday, October 18, 2016

Deus, gratias ago tibi

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. If Nifty consolidates above 8710, then it could go upto 8773, else it would meet resistance at 8747.
  2. Otherwise it will test support at 8653, first.
  3. Next Update: Thursday EOD

Friday, October 14, 2016

The Seventh Stranger

With The Name of God, The Most Merciful. The Most Beneficient,
And The Excellent Helper, And The Excellent Protector

  1. Nifty is likely to form a local bottom between 8505 and 8550.
  2. Then it is likely to bounce towards 8688.
  3. Next update on Tuesday EOD