Resistance Levels and Trading Psychology

Nifty Technical Analysis

Nifty

Nifty Today's Candlestick shows higher strength as it was captured previous day candlestick through it's full body. current candlestick analysis represent bullish view for coming trading session.

Above chart shows upper trend line is near breakout or one can say it's up up and long way to go !!
nifty daily chart also suggest inverse H & S pattern and nifty could test 8010 / 8480 levels.

Dollar index Elliott wave Count

Dollar index

five wave up in dollar index.
Dollar index moving toward it's final Advance. soon dollar index will decline.
Dollar index correction will create opportunity for many market, will develop good sentiment for many market.

Nifty Update

Nifty

A simple swing trading style to gain nearest move(s). swing trading is all about breakout. once price break high or low at any selected period will develop new trend for selected time cycle.

To learn more on swing trading (turtle trading/donchain trading) : http://www.investopedia.com/terms/s/swingtrading.asp

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NIfty 2015

Nifty

Nifty fails to sustain it's September low. weakness in over all market movement. India's nifty is still at sentiment juncture. high usd / inr , advance - decline at lowest in year , money taken out by major FII's.only improved sentiment can help nifty to gain.

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Elliott wave Usd / Inr

USD/ INR MOVING ON HIGH, WHERE WILL THE PRICE GO ???

SEE THE BELOW ELLIOTT WAVE LABELED CHART AT LOWER DEGREE, USD/INR IS NEAR 5 WAVE FOLD. KEY SUPPORT 64.2000, IF USD/INR MOVE BELOW 64.2000 THAN THERE IS HIGH POSSIBILITY OF SILENT USD PRESSURE ON ECONOMY.

 >> click on chart to see full image <<

USD / INR


WHY USD / INR IS LOOSING STRENGTH  ??


SEE THE BELOW CHART , USD / INR CHART SHOWING NEGATIVE DIVERGENCE.

USD / INR

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Nifty elliott wave

Nifty Eliott Wave

Nifty Elliott Wave 120 min chart Bigger Picture Outlook Remains Bullish.

Nifty Elliott Wave

Nifty elliott wave smaller degree wave count.

wave 2 of smaller degree running flat pattern click on upper chart to enlarge it.

flat sub divide in 3-3-5 (a-b-c).

Sentiment on overall index increased in past trading session.

Invalidation to bullish view only below 7690.

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