Saturday, December 19, 2015

#Nifty #BankNifty Weekly Ichimoku Analysis

Weekly Analysis - Date : 20 - 26 Dec 2015

TrendMaster_ Nifty & Bank Nifty Weekly review.

  

Nifty on pullback mode as it has bounced from the demand zone of 7540 which was the previous swing low. Nifty failed to breach the previous swing low of 7539, forming a higher low.
Analysis – Nifty in contraction mode ahead as the bounce to the zones of 8090 is due on weekly charts.
Longs in small quantity can be initiated with stop loss of 7540. Nifty will retrace to the upper end of the retracement zone in short term.

Bears are resting and we may not see huge volumes and volatility as Global Market will be witnessing Holiday season ahead. No major clues from the Global Market till Mid Week of  January 2016.

Verdict – Longs on every support zone of 7720 - 7660 – 7610 with stops below 7540 | Target zone near to 7980 – 8090 in short term.



BankNifty similarly following the footsteps of Nifty. Bounce to the retracement zone to find the equilibrium, Resistance levels of 17080 – 17290  - 17490 in short term. Over all banking stocks are weak on major timeframes. One should wait for the trigger and good support from the bank index stocks to show some strength. BankNifty may not perform that well like wise Nifty Index in terms of the Pullback unless the stocks turn positive or some short covering is witnessed.

Watch out for banking stocks to support the Bank Index. If not then one should avoid any longs and shorts in Bank Nifty till the trend is not clear.


Verdict  -  Small longs can be initiated on the levels around – 16300 – 16180 with stop loss below 15900 closing basis. 


Please share if you find this analysis useful.
#TrendMaster_
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Wednesday, December 16, 2015

Wednesday, August 12, 2015

IndiaBulls Hsg - Correction Ahead

#IndBullsHsg.


Weakness ahead in the stock; as the stock has been in strong up trend; now seems to be loosing the steam and no value buying at the life time highs for the stock. No Buyers at these High Price, Bears are back and making merry on the trade. Drop of 100 points not ruled out in short term. 

#TrendMaster_

Sunday, August 9, 2015

Aditya Birla Nuvo - Correction Ahead !

#AbirlaNuvo - 

Daily Charts show exhaustion and correction ahead. Trading around weekly Supply zone of 2372 - 2380; Low risk trade can be initiated at these levels with target range of 2100 - 2050 - 1950 levels in short term. The Stocks has been Strong up trend since July 2015 from the Breakout levels of 1850.

आदित्य बिरला नुवो २१०० - २०५० के सतर तक आ सकता है !
२३८० के सप्प्लाय जोन से करेक्शन की उम्मीद 


#TrendMaster_

Nifty & Bank Nifty Weekly View

#Nifty #BankNifty Weekly Ichimoku Analysis.

#Nifty on weekly charts struggling to close above 8600, Holding near to Kijusen is a worry. Rising Wedge formation in weekly time frame indicates contraction on the upper side and impending breakout soon. Either side breakout will trigger long term momentum flow. Crucial levels of 8600 - 8680 on higher band and 8180 -8080 on lower band. 
I my view market would contract more on the upper levels of 8600-8580 in coming days before confirmation of trend. I would wait for the breakout and confirmation of the same with valid price action on weekly charts.
(Atleast  1000 pts movement on either side cannnot be ruled out)

#BankNifty following Nifty in pattern formation hard to close above 19200. Trading range locked at 18200 - 19200. Close either side on weekly basis will confirm trend in coming sessions. Bullishness prevails as price still trading above cloud on weekly charts; but weakness in price movement indicates short term reversal. On daily charts Banknifty trading near to channel top around 19100 - 19200 levels.
In my view market would consolidate and may hunt some stops for bears near 19400 levels before exhaustion and reversing to the lower levels of 18400 - 18200.



PS - Swing Traders and Positional Traders should wait for weekly price action confirmation for good profits.


#TrendMaster_

Disclaimer - Views expressed in the above said article is for study purpose only and DO NOT Solicit any Buy or Sell Trade in the above said Index.…

Thursday, August 6, 2015

PNB - Weakness Prevails

#PNB



Punjab National Bank - Weak as per indicated in post few days back. 

One can short with stop loss of above 165 for target lower 148 - 144 and below.

#TrendMaster_

BankNifty - Exhausted !

#BankNifty



Heavily Overbought on Daily Time Frame and Facing Sloping Channel Resistance at 19040 - 19100 levels. Failure to move above 19200 - 19300 will trigger the selloff with targets of lower channel support of 18175 - 17800 in short term and worst up to 17870. 
Low Risk Trade ; One can short with valid bearish price action in BankNifty.


#TrendMaster_
(please read the diclaimer below)