Monday, 8 February 2016

8th Feb,2016 - Nifty's trend

Dear Friends, Good morning


As per technical indicators signals, For the day NIFTY takes the range of 7425 - 7530 on a shorter range...!

I used to say in my last couple of mails that NIFTY is ready for a big swing on either direction....!  My Technical Indicators are still reflecting the same...  
As per the signals - the broader range is expanded to 7965 on higher side & 7040 on lower side....  Let's wait and watch whether this will happen in this week / next week....... but we are going to witness a big cracker day very soon....!

As per weekly chart - 7505 holds the key - Needs to close the week above 7505 range , to move upwards to 7765 & 7965 close to 8000 level.....

If 7505 is not done on closing basis , NIFTY is likely to break 7240 range this time and further 200 points crack on a flash mode .....

====================

On Friday - NASDAQ closed more than 3% downside --- 

Currently at 17% correction from the previous high - which resembles our NIFTY to 7636 range.....!  We are almost in the same range only...

The Global mood is reflecting in our market, though India is not badly hit like rest of the world....

Sentimentally, If the budget rally has to happen - before that there could be a further correction upto 5% & from there likely to jump by 10% ..... Even if there is no any big impact from the Global markets - So, NIFTY is equally having the chances of hitting both sides of 7040 & 7965 in the FEB-MARCH series.....!

Entry on both sides is strictly recommended....!

After the budget presentation, again there could be a 10 to 15% correction ...

=====================

Wish you all a happy morning ...!


For STM - 3 rd Entry , I am just watching the signals....! Will update you soon I make the entry....!

We are going to have medium throttle from today onwards.... 

Let us pray the almighty on this holy day - THAI AMAVASAI , to shower on His blessings and our ancestors' blessings too.

With kind regards,

Rishi







If GOD shuts a door, Stop Banging on it ...!

Trust that whatever is behind it is not meant for you....!




2 comments:

  1. good morning ji

    we are always praying for us and this spl day also praying for the victory and wealth for all of us.

    thanks you

    ReplyDelete
  2. அன்புள்ள ரிஷி சார்
    இன்று தை அமாவாஸை முன்னிற்று எங்கள் ஊரில் பிரசித்தி பெற்ற திருக்காஞ்சி சங்கராபரணி ஆற்றில் குளித்து முன்னோர்களுக்கு தர்ப்பணம் செய்து ஆற்றின் கரையோரம் வீற்றிருக்கும் ஸ்ரீகாசி விசாலாட்சி சமேத விஸ்வநாதப்பெருமானை தரிசித்து அனைவருக்கும் அமைதியான வளமான வாழ்க்கை வேணடி பிரார்தித்து வந்தோம்.வாழ்க வளமுடன்
    அன்புடன்
    வே.மாணிக்கம்
    புதுச்சேரி

    ReplyDelete