Wednesday, 18 May 2016

NIFTY Current trend - whether it comes out of 7777-7850 ?

Dear Friends, Good morning

I am recalling May month - Key levels to watch, for your quick reference.....!

As we expected, 7777 plays a vital role, so far...!
For everybody's surprise - from the expiry till date - there is absolutely no movement & this indicates, there could be a huge swing, in the coming sessions...! Why not - there could be a flat series also? 

Let us wait and see whether we are moving towards 8150 - 8300 zone (or) once again to our famous 7485 zone...! 

As the signals are only indicating 7777-7850 zone, very strongly still - I am not entering further & just keenly watching for the trigger.....

Let us continue to have a bit more patience & hope for the best ...!

With kind regards,

Rishi

KEY LEVELS TO WATCH - MAY SERIES
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Dear Friends,

As I indicated earlier , 7777 will act as a very crucial point.....!

On a higher side - if 7850 is not withstanding , this could bring back to 7777 immediately....!
On panic, the pricing action may further lead to 7700 to 7635 level....!
If 7702 is not broken, again expect the bounce towards 7777-7850...!
On a weekly closing basis, when we see NIFTY spot above 7921 , there will be a positive movement towards 8300 zone...!

In case 7635-7650 zone is touched in this month, use that opportunity to enter long....! There could be a flier of 150 to 200 points...!

On a Macro level : 7265 - 7485 - 7635 - 7777 - 7921 - 8165 - 8285 will be the key levels to watch & this will be helpful to align your positions accordingly...!

Have a great MAY series....!

With kind regards,


Rishi

10 comments:

  1. Patience is the important skill to be learn in trading...Patience pays...Read somewhere...Trader with patience earns from the traders without patience...we salute your skill sir!!

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  2. thank you for your information sir

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  3. Yes sir it 200 points moving top to bottom from last exp. Today watch a single trade with huge qty of nifty buy. So any suspense. ..thanjs

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  4. Dear Sir,

    மிக அறுமையான கணிப்பிற்கு நன்றி.

    வேணுகோபால் மாரிமுத்து மும்பை 400088.

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  5. Dear Rishi sir ,Good Afternoon.Thanks for your updates.
    N.Raju
    porur,
    chennai

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  6. Thank you rishi sir for nifty trend updates...

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  7. Rishi Sir more chances for 8150.. 8300 in coming days. All the best.

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  8. இன்னமும் எத்தனை முறை தான் 7777 தொட்டு செல்லும் இந்த NIFTY Rishi Sir உங்கள் பகடையை உருட்டுங்கள் என்ன சொல்கிறது என்று கூறுங்கள்...suspense தாங்க முடியாமல் தவிக்கிறோம்....

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    Replies
    1. Loganathan Anna eppidi kettalum avaru(Rishi Anna) solra orey pathil-"FLUKE" Regards,Raghu.

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