FIBO ARCS ON NIFTY

 Fibo Arcs on Nifty.Earlier move on Nifty was within the boundaries of Fibo Arcs.Will the pattern repeat again? Will provide some guidelines for short term trades surely.
Happy Trading !

IMPORTANT LEVELS TO BE WATCHED ON NIFTY

                   The levels to be watched for spot nifty in September series as the up move progresses are
                                                       5123 - 5178 - 5232 - 5323 - 5497 

                  In this move nifty was resisted at 4936(lows of 09/08 and 18/08) on first day and at 5016(low of 16/08) on second day.Expected resistances are 5054 (lows of 08/08 and 12/08), 5177 (lows of 11/02 and 12/08), 5195 (low of 20/06) and 5323 (low of 24/02 and 25/02).If the gap between 5194 and 5323 is filled convincingly then 5497 (low of 11/07) may also be possible.This levels can be used to book profits on intraday basis as when the level comes.The level of 4936 is to be watched as first signal of caution for this move.This level may be breached on intraday basis or in a dip but should close above it in a day or two for the move to be sustained.This level of 4936 can be used by traders for entry who have missed out the rally if it comes with stop loss of 4910.

Happy Trading! 

HOW TO DEFINE A BOTTOM OF A MOVE

Here some basic knowledge of  Elliott Wave Theory can be handy for investors.The wave theory is very exhaustive and at times debatable .Also many times a wave count can be different from other elliott wave followers.We should  know that in a trending market wave structure is very definitive.As per one of the rules elliott waves a structure  of five waves is formed in direction of the market which is down currently and three waves in countertrend or reactions.Hence we can count here five waves on the chart.Also the third wave is normally more powerful, devastating with good momentum.The completed structure of the wave pattern depicts that a temporary bottom has been formed on the nifty on daily price chart.The same principle can be used on hourly charts by traders  for short term and  intraday to master their trades.In this upmove first a three wave structure will be formed.The first wave is in progress after which we may get a dip and up for third wave.So it is advisable to buy on a dip as and when it occurs on nifty.For nifty to make a significant bottom this three wave structure should evolve to a  five wave structure which will mark a major change in trend.So lets watch how the wave structure develops further on the nifty.

Happy Trading!

NIFTY VIEW FOR 30.08.2011

   We had a double whammy effect on Nifty today as this is a trend deciding week for the September series.Nifty moved into the positive quadrant whose boundary was 4800 level.The level to watch on spot nifty is 4888.
Bulls have won the first round of the battle between the bulls and bears on the first day of the trend deciding week.Bears will be reluctant to loose their hold so it may be wise to be alert.Reasons for the Nifty surge could be today is New Moon and Mercury went direct after being retrograde on 26 th Friday causing a change in trend.
Levels to watch on Spot Nifty :
No trading zone between 4907 to 4937 to avoid whipsaws.
Buy above  4937 with SL of 4917 for targets of 4954-4971-4988-5006
Sell below  4907 with  SL of  4927 for targets of 4890-4873-4856-4839 
Happy Trading ! 














                                  

PLANETARY EFFECTS ON NIFTY PART TWO

In 2011, Mercury retrogrades three times, as the Mercury retrograde will have shifted situations about at the end of 2010, with Mercury turning direct on December 30, 2010. We will move into 2011 with transitions fresh in our minds, ready to begin the FOUR year of 2011. The first Mercury retrograde in 2011 will be in the fire sign of Aries, March 30th through April 23rd. This Mercury retrograde becomes important because of the fact that Jupiter and Uranus have transitioned into Aries as well, requiring that we make major transitions to set up our focus during this important phase. All of the Mercury retrogrades in 2011 are in fire signs, which emphasizes the energy, enthusiasm, innovation and spark we put into our activities. We are changing and adjusting our thinking and thought process regarding the activities that we are involved in and especially as the Aries energy sets the pace for the year, we will move our true self into the directions that are the appropriate reflection of the true self. Because 2011 is universally a FOUR year (in numerology), this Mercury retrograde process becomes important in the major adjustments as we move our efforts to organize, plan and launch our innovative resourcefulness into new directions. Mercury retrograde provides the opportunity to adjust our thoughts, attitudes and communications about our direction. The adjustments that are slated to occur in 2011 are in fire signs, Aries (in March/April), Leo (in August), and Sagittarius (in November/December). These same signs, same degrees were the Mercury retrogrades experienced in 1932, as the cycle of Mercury retrograde repeats with an incredible exactness, along with Mars, which activates the thoughts, ideas and communication.

Mercury turns retrograde March 30 2011

 Mercury turns direct April 23 2011

Mercury turns retrograde August 02 2011

 Mercury turns direct August 26 2011

Mercury turns retrograde November 24 2011

 Mercury turns direct December 13 2011

  

Mercury turns retrograde Dec 26 2009

 Mercury turns direct Jan 13 2010 

Mercury turns retrograde Apr 18 2010 

 Mercury turns direct May 18 2010

Mercury turns retrograde Aug 20 2010

 Mercury turns direct Sept 12 2010

My observations for last two years are shown in the two charts.For this year the dates that should be on short term traders radar for change in trend are the period between 24 Nov and 13 Dec.

Happy Trading !

(P.S. Info for above cycle is taken from http://www.astrologyweekly.com/astrological-information/planetary-stations.php) 

PHASES OF MOON ON NIFTY

                   Moon is a satellite of earth but it has been given a status of planet in Indian astrology.Moon Cycles affect the human mind as it wavers as per the phases of growth and decay in the moon cycle.In market price changes occur as per the perception of prices  by individuals participating in it.Due to this we find in market a buyer for every seller and vice versa.Moon affects the psychology aspect of human mind causing the changes in prices of a commodity.

              As per the old trading secret in markets the strategy is ""Buy the New Moon and Sell the Full Moon".Every strategy has its pros and cons also in built success and failure.I would not like to go into the intricacies of  the strategy but I would take a simple clue from this natural phenomenon that " Change in Trend"  could occur in the proximity of these days.For a short term trader that is enough to be alert for change in trend and adept a suitable strategy in anticipation of the same.In the above chart I have marked the New Moon and Full Moon days and result is for you all readers to judge on its merits.

Happy Trading.!

(P.S. Today 29/08/2011 was a New Moon Day marked on chart but  price is not shown as the software is not updated yet)

PLANETARY EFFECT ON NIFTY

Effects of planets on Nifty.
Visit     http://www.lunarplanner.com/HCpages/Synodic-Saturn.html    and
            http://www.lunarplanner.com/HCpages/SynodicCycle.html

                  Also watch for the moon cycles to time your trades especially the New Moon and Full Moon days for change in trends.Expect those days to be more volatile than normal trading trading days.Ecllipses are natural phenomenons occuring in the sky but they also affect the markets.Hope to update more on this.
(P.S. 29 th August New Moon)Happy Trading.!

NIFTY VIEW FOR 29.08.2011

Intraday levels for Spot Nifty :
No Trade Zone between 4784 and 4715 to avoid whipsaws.
Buy above  4784 with Sl of 4767 for targets of  4819-4836-4853-4870-4888
Sell below 4715 with SL of 4732 for targets of  4861-4664-4647-4630-4613.
Happy trading!

NIFTY ACTION ZONE IN SEPTEMBER SERIES

  

 Nifty Range for September Expiry looks to be a broader range between 5320 to 4295 as 4800 level is the battle line of war between the Bears and Bulls.Last month the the bears have drawn blood and bulls will be waiting to get back at them.
The levels to watch are :

Above 4800 level (bullish view) :

           4933 - 5060 - 5187 - 5317 
Below 4800 level(bearish view ) :
           4679 - 4552 - 4425 - 4296 


This week being the trend deciding week advise to short term traders is to keep intraday view only with strict stop losses.Let Nifty decide the trend and then one has to simply follow(ride) the trend.
Happy trading to all.

NIFTY CYCLE

Concept is as follows:

The cycle is assumed here is price and time between an important low and high equals one rotation full circle ie 360 degrees.




Cycle : Zero Degrees Level 27/10/2008 2252.75(LOW)

360 Degrees Level 05/11/2010 6338.50(HIGH)

PRICE DIFF. : 6338.5 - 2252.75 = 4085.75

DAYS DIFF . : 739 DAYS.

RISE = 360 DEGREES.

1 DEGREE = 4085.75/360 = 11.35 APPROX.

TIME UNIT = 739/360 = 2.05 DAYS(APPROX)

PRICE UNITS : TIME UNITS(DATES)

0 DEGREE = 2252.75 0(27/10/2008)

45 DEGREE = 2763.50 92(27/01/2009)

90 DEGREE = 3274.25 184.5  (29/04/2009)

135 DEGREE = 3785.00 277(31/07/2009)

180 DEGREE = 4295.75 369(31/10/2009)

225 DEGREE = 4806.50 461(31/01/2010)

270 DEGREE = 5317.25 554(04/05/2010)

315 DEGREE = 5828.00 646(04/08/2010)

360 DEGREE = 6338.50 739(05/11/2010)

I have marked the same on chart with elliptical boundaries of the price structure formed.

Observations :

1) It is fascinating to watch price was within the quadrants of degrees for the further respective price and time quadrants.

2) Watch 90 degree line the price went below the price of 90 degree twice on 10/02/2011,22/02/2011 and watch it took support on 18/03/2011 as time had not come for price to fall below 90 degrees.Thats beauty of GANN.

3) Also watch the third attempt of price to cross the 90 degree line 23/05/2011 was restricted there as price was earlier than time.(watch symmetrical of earlier rise).

This proves time is important than price and price will meet time as per cycle.(time and price square.).

4) So we have our work cut -out here for price and time now.Watch fridays close price has entered a new quadrant but is supported by 45 degree.If price bounces from here to earlier quadrant we have a recovery of some degree as discussed earlier.But if price continues to remain this quadrant for few days then fall is imminent.