"Net, net, movement of c wave decides things for the time being. Astro indicates that the market could continue its negative ways till a turnaround happens by August 06 or 07."
We saw in the week just passed that wave c gave way to wave d on August 04 and 05th and then to a bigger wave e downward which has so far consumed three days, August 06, 07 and 08.
So what we have is now an expanding triangle with good down move potential....
So currently it is sell on rises strategy...
On daily levels,
So, on a larger frame, time cycles are changing.Nifty has gone without a meaningful correction for long.For the time being, Sell on rises as far as trading is concerned and selective investment picks seem to be a prudent approach to the markets.
Aug 7, 2014 Mars trine Neptune ( Trough by Aug 19 to 21)
Aug
8, 2014 Sun conjunct Mercury
Aug 8, 2014 Mercury trine Uranus
Aug 8, 2014 Mercury trine Uranus
Aug
8, 2014 Sun trines Uranus ( Trough by August 19 to 21)
Aug 8, 2014 Mercury square Saturn
Aug 9, 2014 Sun square Saturn ( Trough by August 22 )
Aug 8, 2014 Mercury square Saturn
Aug 9, 2014 Sun square Saturn ( Trough by August 22 )
Full Moon on August 10th, at 23.40 hours. This Moon is in Perigee, that means the closest to the Earth.So Moon could be pretty powerful tomorrow.
Aug 18, 2014 Venus conjunct Jupiter Aug 18, 2014 Mercury opposition Neptune
Astrologically, this week on Monday may begin with an upward bang, but may continue to weaken day by day, till August 14.The stars seem to indicate that a turnaround may happen only somewhere in the period Aug 19 to 22.
So I would look to " sell on rises."7700 upside and 7400 on the low side are broadly the range.If Nifty rises beyond 7605, then 7650 should be a good short, providing it weakens there.If 7700 is taken out on the upside, then probably the correction has ended on the downside and the upward g has started. We have to be careful on both sides because we are in a triangle environment.
5 comments:
Thanks Sureshji, had decent profit in last week.....intra day analysis also suggesting the same.....FII’s sold 72k contract of Index Future worth 2720 cores, 44.4 K Long contract were squared off and 27.5 K short contracts were added by FII’s. Net OI decreased by 16921 contracts.FII’s were able to exit there long position without creating any major panic in market.FII’s bought 42.4 K contract PE longs and 11.7 K shorted PE were covered by them.Again FII are covering shorted PE and shorting CE suggests net to net basis going short in Nifty in Option segment...As per EW k on hourly chart with break of 7590 which can take all the way to 7450.
Thank you!
Good Ashutoshji! Nice to know you are in profit!
I like the way you explain through charts about the topic that is related to Nifty Future Tips market as it makes a trader to understand easily.
After getting tips from Epic Research Private Limited and also by reading chart you posted, it is easy for me to do trade.
You done very good job and mentioned essential points which helps us to understand the market moves easily by using some charts of SGX Singapore and thus one can trade stress less.
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