Nifty medium term swing.......January 2015.

Tomorrow is settlement day for December 2014. Nifty is at 8267. Today though FIIs net sell in cash, they took longs in Index future. Means there is possible upside tomorrow.  But, markets poised at crucial levels again after correcting hugely in December.  Medium term correction will be there or not????
Here is clue.
Out of two scenarios one is market has to settle tomorrow at 8250-8300 or even 8360 (exaggeration) then nifty target for January will be at 8800 and correction.
The second one nifty settles at 8250-8200 and drifts further in the last week of December. Target will be 8020.
Which scenario is having more chances? Wait and watch tomorrow's settlement.

But here the major clue is, if nifty drifts immediately the possibility of getting support at 8020 is bleak and breaks this level for a target of 7020-7200... Possibility of this scenario is having more chances because of expanding wedge from 7020 to 8620 to be broken at 8020.
Else, nifty has to cross 8800 in January with a big bang for further euphoric run to 9200-9900-10200. Means breaking of expanding wedge to up side with out correction, may not possible.
So tomorrow's settlement will be crucial for determining the medium term direction. Hope for the best for one and all traders...What ever the situation the option  traders will get huge profits in  January also...

When the markets awaiting for considerable correction(medium term/3 months)?...!!!

Yes, markets run very big after starting its journey from Nifty 5118 because of elections. Now, charts are showing overbought situation. Nifty needs a correction. But, what about new major bull wave?
In the long term charts the bottom of bull wave may be Nifty 4535 and its confirmation was after it crossed 6335. Yes.

Then,  expecting Fibonacci re-tracement, the targets for Nifty will be 7447 (1.618%), 8135 (2%) and 9247(2.618%).

Based on short term swings the nifty targets will be 8453.
Considering both the opinions  nifty may retrace from 8135 or 8453.
If we assume the final target for I wave in new bull wave Nifty 9247, lower levels for the medium term correction should be up to 7100-6800.
So, expecting a cautious view at 8135-8453 levels..

This is not exactly on technical theories, because I may not know all the technical theories... It is my view on Nifty.

 If we see nifty at 7000 before it reached  9250 then we may happily go for delivery based investments targeting higher levels. So next week nifty has to be in green.

May mania in Indian Stock Market-2014.

If tomorrow no negative in first hour markets run afresh to new highs. Else, negative, the targets for nifty down side is 6400 approximately. The time period may be 10 days.  If, in any case, nifty reaches this target before election results day there is a chance of speed run of 900 to 1000 points within a couple of weeks.  Let us see what happens in ticker screen......

Nifty in December 2014....????

This is just a calculation.
The nifty made a low in December 2011 and then it started upward journey.
Generally the lowest of low with highest of high will match the month with 1 year or 2 years, etc.
If that is okay for this time the high to be reached  by NIFTY will be 8000+/- 100 in December 2014. OKAY.
How to confirm this trend and get profits from this raise?.
The Nifty has to cross the range of 6300-6500 with a big bang.(But where is the news???)
Wait for this bang then one can have certain belief for this target.

WELCOME TO SAMVAT 2070

I wish you all HEALTH AND WEALTH in the new year SAMVAT 2070.

• Markets are to witness in this new year more highs. 
• Wishing target is 6730 Nifty to 7150 Nifty. 
• Bottom always expected to correct up to 10%. 

I wish you all broad based rally in the coming year.

what is the long term trend of NIFTY

After a long time I  write this blog post. 
Now the nifty is at 5139.  World economy is in deep trouble. Greece future is uncertain as of now. Election results are expected tomorrow. If Greece is out of EU then major problem unfold on the world economy. As far as India's position, RBI credit policy is a decisive event. Expecting the repo rate cut Indian markets rallied for the past two weeks. Even if RBI cuts repo rate markets have to leap up slightly but has to corrects further. Political spectrum is bad until 2014. Rupee depreciation results further problem to our GDP. No major indications from Business groups regarding the expansions. Means no major run up of markets in the medium to long term.
But technically speaking the nifty is at bullish on daily charts and ready to turn around to bullish on weekly charts too, if nifty crosses 5130-5150 zone.(crossing 50 line on weekly charts and stochastics is turning up from over sold zone.) Then the immediate target is 5300. But correction may be expected to down side for F&O settlement for June month. If for the next month nifty crosses further to 5300 then target is 5700 for July settlement.
If nifty won't crosses 5130-5150 zone on next trading day on closing basis then the nifty downward journey aligning with fundamental view to 4200 starts and settlement for June may be at 4800 or below.

SO THE FINAL TREND FOR THE YEAR- TO- LONG TERM WILL BE DECIDED ON TOMORROW'S TRADING.

Bull phase like in the offing in NIFTY

First the nifty for January 2012 settlement may be above 5000-5100.  Next the range for February 2012 is now shown as 5000-4400, but it may vary in due course probably to 4800-5200. The long term resistance line from the nifty 6350 zone is at 5100 which is to be broken up words now. Then the target in the medium term is 5550. This may happen as per my view. But it is not a bull phase initiation. I expect further fall after May 2012. The target to down side may be 3800-4200 Nifty zone to the end of this year.