Nifty EOD Analysis

As per previous and 31st January report Nifty Reached the Termination level of 8950 made a High of 8982.

So cautious stance upto breakout of 8982 or resilience at support to enter the for next trade.

Now Level to watch as follows...

immediate support cum 1st Balance Point-8830

Next support at 8700-8740.

Resistance-9024

Resistance2-All time High

Note-This above is my personal views for educational Purpose only.Read Disclaimer on top right.

From PRZ Nifty Achieved 1000pts & Nifty EOD Analysis

As per the previous report,Nifty Achieved our 2nd resistance 8870 made a high of 8885.

When Nifty at 7985,Published in 24th Dec report that Potential Reversal Zone(PRZ) was near 7870.



From that  Nifty almost achieved 1000points!!!

What's Now?

Now short term support at 8700.

Long term support at in between Balance Point 8500 and 8700.

Resistance at 8950 and so on....will update latter.

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.

Nifty EOD Balance Point

As per previous 15th Jan analysis long term Resistance was 8650 nifty made high around 8670.

As Nifty crossed the long term strength test level 8500/8530 in order to make new high or to reach at termination level 8925/8950,Nifty should respect Balance point is 8510/8540.

Nifty 8500 level is the level from which nifty to and fro,so just wait and watch this level carefully.

Level to watch?

short term support-8540
Balance point support-8500/8510
Long term Resistance-8650
Long term 2nd Resistance-8740/8870

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.

Nifty Gann EOD update

As per 24th Dec 2016 analysis report,Elliot wave target was 7870/7890 and Death

 Zone(Potential Reversal Zone) 7830-7870 .

Nifty exactly taken support from 7890 made low 7892.

As 8000 level was good support for long term,Nifty reverse from that zone.

What's now?
Now Nifty long term strength test zone is 8500-8530,nifty made high 8457 almost near to that zone.
Nifty almost test one short term support at 8370 on 13rd Jan 2016 and closed above that.

Level to Watch----

Short term support-8350/8300
Long term Strength Test-8500/8530
Long term Resistance-8650

Note-This above is my personal view for Educational purpose only.Read Disclaimer.

Nifty Elliot wave and Death Zone

As per previous Report short term resistance of 8220/8300 Nifty made high of 8275 on 9th Dec but unable to cross 2nd resistance 8300.

On 27th Nov analysis said as 8220 is perfect equilibrium drive Nifty either side. 

As said  level 8000, which is long term support so nifty goes below but suddenly bounce back.

As per previous report 7830-7870 is Death Zone.

Is Nifty Death Zone will work as PRZ(Potential Reversal Zone) from Bearish to Bullish let us wait and watch....?

Here i am presenting two alternative Elliot wave count which may help you and the PRZ perception.

Either of wave count may be wrong,wave count from 21st Nov low 7916 till now.
Either wave count in different color.

Note-This above is my personal view for Educational Purpose Only.Read Disclaimer at top right.

Trend Poised to Trend Dilemma Range Play

As Trend Poised to trend Dilemma continued in case of Nifty.

As per previous post 8220/8300 was resistance,nifty achieved 8220 as high made 8250 but unable to cross 8300.

Now play the range for Nifty as below....

short term support-8030/8050
short term Resistance-8220/8300

Death Zone-7830/7870

Medium Term support-7700/7500(See this level only when 7916/7870 breached)
Medium term Resistance-8420/8530

Long term support-8000
Long term Resistance-8500

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.

 

Nifty Trend Poised to Trend Dilemma

After last report nifty achieved 7916 as low but protect the 7850 level.

Now lot of external factors drive market and short,medium  term outlook is negative.

As told earlier below 8000 level nifty is long term bearish.But last two, weekly closing

 is above 8000 level.It is mild positive.But trend confirmation is above 8220.

So in bearish side 7830-7870 is the death zone and trend continuation.

Nifty trying again back to lower level of poised condition 8220 from where it swings either way.

As it is  perfectly equilibrium at 8200-8220 level.

 Let us wait and watch how it reacts.

Level to Watch...

Death Zone/Trend continuation-7830-7870.

Support-8000

Trend Reversal/Resistance-8220/8300.

Note-This above is my personal view for Educational Purpose only.Read Disclaimer.