NIFTY X-RAY REPORT FOR 16 NOV.

IN MY EARLIER POST I HAD WRITTEN THAT NIFTY MAY TOUCH UPTO 5950 TILL DIWALI BUT IT DIDN'T HAPPEN AND NIFTY SPEND MORE TIME IN CONSOLIDATION IN WAVE FOUR THEN WAVE THREE. GENERALLY IT HAPPENS AND WAVE 4 TAKE MORE TIME THEN WAVE 3. AND IT IS GOING TO PERFORM A FLAT CONSOLIDATION PATTERN IN WAVE 4. SHORT TERM BULLS TRADERS WERE TRAPPED AFTER BREAKING OF NIFTY TRAINGAL AND CONSOLIDATION RANGE ABOVE 5727.  ACCORDING TO E. WAVE RULES IF WAVE 2 CORRECT 50 % THEN WAVE 4 WILL CORRECT 38.2% AND IF WAVE 2 CORRECT 38.2% THEN WAVE 4 CORRECT 50%. 

AS YOU CLEARLY SEE IN THE CHART BELOW THAT NIFTY HAS CORRECTED ALREADY 50% IN WAVE 2 SO I EXPECT THAT WAVE 4 CORRECTION SHOULD NOT BE MORE THEN 38.2% LEVEL WHICH IS AROUND 5585. NIFTY WILL ALSO FACE A STRONG CHANNEL SUPPORT AROUND THAT ZONE ALSO. NIFTY 5600 PUT STANDING WITH HIGHEST OPEN INTEREST SUPPORTING THIS WAVE  COUNT VIEW ALSO.

SO IF MARKET COME AROUND THIS LEVEL IT WILL GOOD BUYING OPPORTUNITY.

FEW DAYS BACK I RECOMMENDED TWO STOCKS FOR THE STOCKS LOVER. TATA STEEL AND IDBI BANK. BOTH STOCKS PRICE ARE  ATTRACTING BULLS. GRAB THESE STOCKS AND HOLD FOR 20 DAYS FOR GOOD RETURN IN SHORT TERM.

INTRADAY 2ND UPDATE.

MARKET HAS PLACED IN OVERSOLD ZONE. SHORT PLAYER BE CAUTIOUS AROUND 5600-5575 SPOT LEVEL AND TOMORROW  MIGHT BE BOTTOM OF THIS DOWN FALL ON PRICE WISE AS WELL AS  TIME WISE ALSO. AND NEXT UP WAVE SHOULD KISS TO 5950 OR 6040. 

DAX INDEX IS NEAR ITS BOTTOM AROUND 7050 AND NEXT MOVE MAY TAKE THIS INDEX TOWARDS 7800 LEVEL VERY SOON. 

INTRADAY UPDATE

DON'T BE PANIC. DAX INDEX IS NEAR ITS DESTINATION AROUND 7000 AND READY TO GIVE ITS FULL AND FINAL RALLY OF 2012 UP TO 7800. NIFTY SPOT INTRADAY GOOD SUPPORT AT 5604. ANY DIP SHOULD BUY FOR 5775 UP TARGET IN VERY NEAR TERM.

YOUR BROKER

My dear all viewers
Does your broker gives you free technical training for trading. if yes then ok, If not then simple question is why are you with them. Is he your relatives ? Trading is a tough business. 90% of traders out there and you will blow out your account in a matter of months (even week). Even 95% sub brokers or brokers in your town doesn't know technical trading. They are doing simply business for earning. What goes to him either you make profit by trading or loose money. When all news were negative around nifty 4500 market gradually recovered almost 1000 points within three months. and I had written here on my website about that move. This all were happen technically. Why do you use mental funda when technical analysis is a wonderful things. If you don't know technical trading then don't do that. We develop  new trading stratagies, and these strategies proved continuous successfull profit.
 I can teach you how to put probability on your side, while removing emotion, fear and greed from the equation.

Open an account with us. We are charging very less brokerage in India. Yes Rs. 20 only per executed order, quantity no matter. weather it is 1 or 100 or 1000 or 10000, brokerage will be charge Rs. only 20.

I have been posting regularly Nifty x-ray report and if you have been a reader of this report since six month or one year, then you must have got to know that how this report is precious for you. It is like daily apple which keeps you technically fit.

OPEN AN ACCOUNT WITH US AND GET OPPORTUNITY TO LEARN FREE TECHNICAL ANALYSIS WHICH CONTENTS FOLLOWING BELOW.

1. TYPE OF CHARTS

2. BASIC CHARTS PATTERN

3. BASIC ELEMENTS OF CHARTS ANALYSIS

4. TRADING STRATEGY FOR INTRADAY

5. TRADING STRATEGY FOR POSITIONAL

6. GANN THEORY

7. ELLIOT WAVE PATTERNS :-
    A. ELLIOT WAVE THEORY               B.     THE 5-3 WAVE PATTERNS
    C. ABC CORRECTION                       D.     WAVES WITHIN A WAVE
    E. THE THREE CARDINAL RULES   F.      RIDING ELLIOTT"S WAVE
        AND SOME GUIDELINES
   G. SUMMARY: ELLIOT WAVE THEORY

8. CAMERILLA TRADING

9. BASIC OF DATA ANALYSIS.

10. SUPPORTS AND RESISTANCE

11. BASIC INDICATORS

12. HOW TO ANALYZE CHARTS

13. HOW TO BUILD TRADING STRATEGY.

14. RISK REWARD MANAGEMENT

15. WHEN TO ENTER A TRADE

16. HOW TO TRADE CHARTS PATTERN

17. HOW TO TRADE DIVERGENCE

18. IDENTIFY REVERSAL

19. MULTIPLE TIME FRAME ANALYSIS.

20. MARKET SENTIMENT

21. TRADING THE NEWS

22. TO CARRY OR NOT TO CARRY.

23. WHAT KIND OF MECHANICAL SYSTEM SUITS YOUR PERSONALITY

24. WHICH TYPE OF ANALYSIS IS BEST
25. WHAT IS THE MOST PROFITABLE INDICATOR
26. FIBONACCI RETRACEMENT
27. WHEN FIBONACCI FAILS
28. SILKY AND SMOOTH MOVING AVERAGES
29. BOLLINGER BANDS TRADING
30. PARABOLIC SAR
31. STOCHASTIC
32. RELATIVE STRENGTH  INDEX, AND
33. TRADING BREAKOUTS AND FAKEOUTS

AND MANY MORE TECHNICAL KNOWLEDGE YOU WILL GAIN AND DEVELOP YOUR TRADING STYLE.

AND YOU WILL SAVE YOUR HUGE BROKERAGE. WHY ARE YOU PAYING HIGH BROKERAGE ON PER LOT. JUST PAY BROKERAGE RS 20 ON PER TRADE.

CONTACT FOR OPENING ACCOUNT.
eyesnifty@gmail.com

MAHURAT TRADING SESSION

MAHURAT TRADING SESSION FOR 13 NOV 2012

NORMAL MARKET WILL OPEN AT 3.45 PM

NORMAL MARKET WILL CLOSE AT 5.00 PM 

HAPPY DIWALI

INTRADAY UPDATE

INTRADAY PLAYERS  SHORT NIFTY FUTURE AROUND 5730 IF FAILS TO SUSTAIN ABOVE THIS LEVEL. 

STRONG SUPPORT AT 5690-5700. IF NIFTY FUTURE CLOSE ABOVE 5760 TODAY NO PROBLEM FOR BULLS AT ALL AND WILL BE NEGATIVE IF CLOSE BELOW 5690 LEVEL.