NIFTY POSSIBLE WAVE STRUCTURE

Dead Cat Bounce

Dead Cat Bounce

In economics, a dead cat bounce is a small, brief recovery in the price of a declining stocks. Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

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History

The term "dead cat bounce" is derived from the idea that "even a dead cat will bounce if it falls from a great height. The phrase has been used on Wall Street for many years. The earliest use of the phrase dates from 1985 when the Singaporean and Malaysian Stock Markets bounced back after a hard fall during the recession of that year. Journalists Horace Brag and Wong Sulong of the Financial Times were reported as saying the market rise was a "dead cat bounce. A similar expression in Cantonese has an older history and this may be the origin of the term.

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Variations and usage

The standard usage of the term is: A short rise in price of a stock which already suffered a fall. In other instances the term is used exclusively to refer to securities or stocks that are considered to be of low value. First, the securities have poor past performance. Second, the decline is "correct" in that the underlying business is weak (e.g. declining sales or shaky financials). Along with this, it is doubtful that the security will recover with better conditions (overall market or economy).

Some variations on the definition of the term include:

A stock in a severe decline has a sharp bounce off the lows.

A small upward price movement in a bear market which the market continues to fall.

Technical Analysis

A "dead cat bounce" price pattern may be considered part of the technical analysis method of stock trading. Price patterns such as the dead cat bounce are recognized only with hindsight. Technical analysis describes a dead cat bounce as a continuation pattern that looks in the beginning like a reversal pattern. It begins with a downward move followed by a significant price retracement. The price fails to continue upward and instead falls again downwards, and exceeds the prior low.

5705    ENJOY...............................

MARKET TOUCHED 5705

NIFTY 5705 TOUCHED TODAY WHICH I HAVE PREDICTED EARLIER ALMOST 25 DAYS AGO.

ENJOY......................... 

NIFTY X - RAY REPORT FOR 21 SEP

NIFTY X - RAY REPORT FOR 21 SEP

The markets closed with moderate declines today with Metal was the worst performer. The Sensex closed at 18349.25, down 146.76 points from its previous close, and the Nifty closed at 5254, down 46 points. The CNX Midcap index was up 0.70% while the CNX SMALLCAP index gained 0.95% in today's trade. 

Nifty 5500 put added new 830,500 shares in open interest

Nifty 5600 call added new 1017250 shares in open interest.

According to above option open interest data indicating that down side 5500 will forme base for next trading session and 5600 may create hurdle upside for nifty. Nifty strong support is at 5526 now, breaking of 5526 may create further down side in uncertain political situation. But still there is no any sell signal at current level. Currently we are trading in impulsive wave and shorting in this impulsive wave would be like committed to  suicide untill unless nifty gave any signal.

Fii sold index future worth rs 102.69 cr and open interest increased 1.1% indicating that minor fresh short position has been created into the market today. Put call retio is at 1.16% which is in favor of bulls. 

I highly expect that nifty will take support around 5526 and will come again in power. there is more up side is due in market in September. Any close above 5600 this time nifty will fly to 5685 and 5735 which is my ultimate target for nifty in sept.
Nifty weekly chart is showing more up side is due in the market. RSI, ROC and slow stochastic is showing positive divergence.

MID SESSION UPDATE

Nifty technical chart still showing 5680-5735 on cards..  So who the hell cares about what Mamata or Trinmool does? or what is cooking in Indian politics?

Bears Beware.. 

Tumhaari Band bajne waali hai.

Don't short nifty nor average here, only hold. 

NIFTY X- RAY REPORT

SO MANY TRADERS WOULD BE THINKING TO SHORT IN NIFTY BUT TECHNICALLY THERE IS NO ANY WEAKNESS ON CHART BUT SGX NIFTY IS SHOWING AT 5555 DUE TO DOMESTIC POLITICAL UNCERTAINTY. MARKET MAY OPEN GAP DOWN BUT RECOVERY EXPECTED. 5555 AND 5530 IS STRONG SUPPORT ZONE. USE THIS FALL TO BUY.

DON'T BE PANIC.
Shorting in this Impulsive  wave Rally in September without any sell confirmation will be like
"Aaa Bail  muze Maar"

MID SESSION UPDATE.

MARKET IS CONSOLIDATING AFTER GIVING SMART JUMP AND I THINK NIFTY FINAL DESTINATION IS 5745 IN SEPTEMBER SERIES. HOLD YOUR LONGS. MARKET MAY TRY TO CORRECT TILL 5565 ALSO. IF COME THERE DON'T MISS TO BUY THERE.

NIFTY X-RAY REPORT FOR 18 SEP

NIFTY X-RAY REPORT FOR 18 SEP
The markets closed with moderate gains today with realty was the best  performer with 6.5% gain. The Sensex closed at 18542, up 78 points from its previous close, and the Nifty closed at 5610, up 32 points. The CNX Midcap index was up 2.5% while the CNX Midcap index was up 0.89% in today's trade.

FIIs bought index future worth rs 1122 cr and open interest increased by 5.21%, as nifty was up by 0.57% and open interest increased by 5.21% in rising trend indicates that huge long position was added into the system today.

Nifty 5600 put added 1249900 shares in open interest.

nifty 5700 put added 902100 shares in open interest .

Nifty 5800 call added 2701750 shares in open interest.

As per above option open interest data indicating that 5600 level will create fresh and immediate support in the market. nifty 5800 call open interest added 27 lakh fresh shares into the market, Is that buying by smart money. Because i don't think that 5800 call would have written at 7 rupees price.
Fii have bought more than 5000 crore in last two trading session in cash market. Government has promisses more reforms in coming days so this news will built more confident in investors. Nifty immediate support is now at 5587 and 5555. Until nifty hold this levels no worry for bull in very short term. Market has given straight rally fro 5215 to 5650 so some consolidation is also expected. Use the dips to buy. 
Nifty future touched 5770 yesterday only 30 points less in my prediction but don't worry 5705 coming soon.

EVERY BODY IS BULLISH NOW

Now every body is bullish and giving upper target but I have warned you earlier at right level and right time when most of fake analyst were talking about 4900 level, even some have given again short sell at 5445 level.
I dont know that, either you enjoyed my levels or not. But I want to say you  a thing  that, 
Next three year, there will be golden opportunity for future and option traders, and I am saying you that if you have not created wealth in these three years, i think you will miss a golden opportunity. remember Godess Lakshmi dose not give opportunity again and again same person. If you could not gain from market, certainly you would be out from market till then, because you would wash out your all money till then.
Don't think and subscribe with us and go from one lot to thirty two lot in just 20 months.

MID SESSION MARKET UPDATE

Market is in over bought zone but it may remain in overbought till some more days. if market doesnot give closing above 5650 in next one day we will have to accept that it has completed third wave and we may see a 38.2% correction of third wave.

Hold nifty 

Market update for 17 sep

Huge buying and huge open interest buildup.

Fii bought shares worth rs 2833.72 cr in cash market.

Fii bought index future worth rs 903.23 cr and open interest increased by 7.8%

Fii bought index option worth rs 1107.94 cr

Nifty 5600 put open interest added fresh new huge 4193900 shares. Nifty 5500 put added fresh 3396250 shares in open interest. I have ever seen such type of huge open interest buildup in a single day. According to open interest in 5600 it seems that market is in mood to form a support at 5600 level. As I have been saying since so many days that blasting rally was due in market. I have all ready indicated almost 20 days before that market may touch 5705 in sept. Sgx nifty is trading above 5655 indicate that market is going to give another gap up opening. But at current level market is oversold on hourly chart and daily chart so some consolidation is also expected. but don,t trade in opening session and wait for RBI policy at 11AM.  

NIFTY DAILY AND WEEKLY