1st July 16 – Nifty Pre-Market View

30th June 16 – Nifty Pre-Market View

29 June - SAR Trades

- 8159 was the SAR for the day. Nifty gapped up above SAR, but made a low of 8158 which was a low risk entry point for Long trade.

- SAR (8159) marked on chart by BLUE line and STOP LOSS (8159-30=8129) by RED line.

- In 2nd half, Nifty rallied till R3 pivot point.

- Long entries marked on chart by circle.

29th June 16 – Nifty Pre-Market View

28th June 16 – Nifty Pre-Market View

27th June 16 – Nifty Pre-Market View

24 June SAR

- 8202 was the SAR for the day. Nifty gaps down due to Brexit, recovered in 2nd half but remained below SAR.

- Price is below SAR now (8181 for 27 June), hence Sell on Rises unless price crosses SAR from below with conviction.

27th June 16 – Nifty Pre-Market View

24th June 16 – Nifty Pre-Market View

SAR Trades

Today onwards will post only SAR Trade setups...

- 8186 was the SAR for the day; Nifty made a low of 8188 which was a low risk entry point for Long trade.

- SAR (8186) marked on chart by BLUE line and STOP LOSS (8186-30=8156) by RED line.

- Nifty rallied in 2nd half and rallied till R2 pivot point.

Probable Nifty EW counts

Seems Nifty may complete its B wave around 8300 and may take U turn. Invalidation point around 8305.

Lets see  how it unfolds...

Nifty Daily Chart:

Nifty Hourly Chart:

Nifty 15 Mins Chart: 

Current wave structure suggesting an ED, iv unfoling and may complete either at 8166 or 8144 or 8111. 

Final v wave may complete at 8304.

20 June Intraday Chart

- Nifty gapped down today; but ORB broke upside and rallied till end of day.

- Found resistance in between R2 and R3 pivot.

- Long entries marked on chart by circles.

17 June Intraday Chart

- Nifty gapped up today; broke the ORB but didn't fall much. Overall a rangebound day.

- Gave multiple sell signals; marked them on chart by circles.

16 June Intraday Chart

- Nifty gapped down today; broke the ORB and found support between S2 and S3 pivot.
- Bounced back and retraced more than 61% of last swing.
- Short and Long entries marked on chart by circle.

15 June Intraday Chart

- Nifty gapped up and traded in a range for 3+ hours.

- ORB broke up side and rallied till R3 pivot.

14 June Intraday Chart

- Nifty Trend is down, with prices presently staying below DLEma (8145).

- Nifty Gapped up today and ORB broke down; almost retested y'days low and bounced back.

- Short and Long entries marked on chart by circles.

13 June Intraday Chart

- Nifty Gapped down today and broke the ORB; found the support between S2 and S3 pivot.

- Bounced back and retraced alomst 50% of last swing.

-  Long entry marked on chart by circle.

10 June Intraday Chart

- ORB broke upside and gave a buy signal.

- Up Rally could not sustain at higher level.

- Broke the Intra support and started falling back.

- Long and Short entries marked on chart by circles.

09 June Intraday Chart

- Trending day; ORB broke downside and gave a Sell signal.

- Short entries marked on chart by circles.

08 June Intraday Chart

- Rangebound day; No sizable trades. 

07 June Intraday Chart

- Nifty Gapped up today and broke the TL of last 2 days correction. It was a clear early indication of long although it's a policy day.

- Post RBI policy announcement, markets made new high/low but again fall back in range for some time.

- Breaking initial range rallied further and print the new high of this year.

- Long and Short entries marked on chart by circles.

06 June Intraday Chart

- ORB broke downside but again fall back in range; Initial range was hardly 23 points.

- Price retraced almost 80% of initial days range and triggered the short trade.

- Short entry marked on chart by circle.

03 June Intraday Chart

- Nifty Gapped up and hit 8262, which is a Mid point of R1 and R2 pivot. 

- Short trade would be a prudent as Nifty didn't cross 8262 whole day.

- Short entry marked on chart by circles.

Nifty hit the Golden Ratio

Nifty hit the 8243, i.e 61.8% of 9119-6826 this week. Also this week Tuesday was a May month end and Nifty closed above 5 MHEMA after long 14 months which indicates the strength on higher TF now.

Coming week would be an interesting week to see whether price could surge ahead or show some correction.