Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that
"we don't understand a movie by missing half of it".- the same is true with markets,
Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY. the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below!
NIFTY MONTHLY ANALYSIS: The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders). The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding. The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees).
This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis!
To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video! Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups. [This analysis is really large & could take 30-40 mins to clearly understand it but the effort will be rewarded].
Similarly will the Bank nifty go upto 17600 by jan.17 expiry?
DineshKrishna
⋅
@venkaticr, Sorry I have never come across bank nifty & its charts, I only deal with NIFTY - maybe it will be analysed from next month!
please do not hesitate to comment from our website where you will be given faster replies!
venkaticr
⋅
7565 is the next level i.e. buy 8300 put and wait for jan.expiry. am i right? what should be the stop loss as it went up today. can we put 8300 as SL?
DineshKrishna
⋅
@venkaticr, To be really honest - please understand that this is a futures analysis only & this has clues regarding direction & levels to trade in futures & that too we haven't mentioned which contract to trade on.
because time analysis is something very rudimentary - all we can do is to be safe by trading in FEB FUT contract, leaving aside the margin rise.
But when it comes to options there are 'n' number of factors that come into play - majorly the Greeks. therefore we have not dealt with it yet!
NO JAN contract for any safe/conservative trader-what if the target gets accomplished at FEB.
Think before you take a trade!- a bit of margin concentration is never really a good thing!
With regards to the SL - please watch the video - because the question clearly instate that you have difficulty understanding the content that is published.
There SL is defined in our blog for various types of traders & their styles.
vivekn
⋅
Thanks for sharing your ideas. Like your way of understanding nifty
DineshKrishna
⋅
@vivekn, thank you for the encouragement, feel free to post your queries, if you have any - Happy trading!
venkaticr
⋅
thanks
DineshKrishna
⋅
@venkaticr, mention not! feel free to ask for any other queries too!
venkaticr
⋅
Clearly mention the market will go down with support and stop loss.