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Cash level nifty

Nifty Spot- Buy above 4779 tgt 4793-4810-4827-4845.
Short below 4760 tgt 4746-4729-4712-4695

 

 

JOHNNY

Test message to chk

This is just test message to chk. my call will go to u or not

 

johnnypareek

www.moneybulls.blogspot.com

Hourly Analysis

HI,

Above is hourly nifty spot chart. Can you look a pattern? Yes my fav.. one. Nifty spot is in process to IH&S (Bullish), but right shoulder need some time to match perfect pattern. Left shoulder made low of 4768. Expect some dn or sideway then one hourly closing above that green line will give breakout.

Fingure crossed

Johnny

Choppy market ahead

Hi,

Click on chart to See above chart. In my last post I hinted that a pattern is in progress. As pattern has given bearish breakout, it's a sell on rise and best range to SELL is 4770-90 spot with  StopLoss, for this particular pattern is, 4905 spot. Yes Yes I can hear you are asking what's the possible TARGET ;). 1st tgt - 4300/4325 spot. Closing below this 4100.

Now, For the investor/trader who use TA. The bearish pattern was in progress was H&S,in nifty.What is more bearish is that it didn't get time to form right shoulder. Though sometime it is seen that it again go to the range n form right shoulder, but, seeing the overall situation as you can see after break out closing below horizantal line, next day nifty pulled back to the line and friday down closing confirm breakout. Now target for this pattern are two. 1st is the left shoulder, distance of that high from horizantal line and 2nd target is from so called head which I have market on graph. Hope this is enough. If you have any query you are welcome to comment.

Kailash Pareek (johnny)
http://www.moneybulls.blogspot.com/

Blog is active from Monday

Hi there,

After long time I am back.

Okay, Watch above chart, Cash Nifty gave breakout from rectangle and now pulled back now ADX is positive but MACD just gave sell and below that is indicator which also gave sell. It suggest that market may consolidated for 2-3 days. High will meet with selling pressure.

Now, Look weekly chart, MACD is in buy mode but as per my rule not confirmed as ADX is still in sell mode. But, again lower panel indicator just gave a buy. I will not give much weight to this because of one pattern is forming and that is bearish. Watch again price chart, Head and Shoulder is in progress. Neckline around 4715-35. Now, I guess you are clear that why on IDIOT box analysts are giving so much weight to 4700. So, In short, weekly closing below 4700 and nifty will be in pressure like hell. As this is 1st post after long time, I will not byte you much. To-morrow night will try to post trigger if I spot any. Till then Good Night

Kailash Pareek (Johnny)

johnnypareek@yahoo.com

NIFTY : Is it Bullish Breakout?

Hi,

To see the chart clearly, click on it.

Look at above nifty cash chart. 1st Bullish sign is crossing of RED MA with GAP (1st Red arrow) which is very bullish. Second, (2nd arrow) the volume confirming the same which is higher and third is that last closing is a valid breakout from "Ascending Triangle".

Now, Fast MACD have entered in positive zone, though slow one is in -ve. It may face some resistance at down sloping trend line. Breaking out from it will add more bullish view.

Like MACD, RSI is also at crucial range and need to cross down sloping trend line.

For Nifty 5695-5705 is very important level as two down sloping MA will try to resist it. Two closing above this range will boost confidence of bulls and mine also.

I would like to mention one thing that breakout generally gives a pull back. That's why I gave you those MA, MACD and RSI, which suggest that Nifty may give a pull back toward 5575-5590 before marching ahead.

So, Friends finger crossed right now with a slight bullish mood.


Kailash Pareek (johnny)