android application launched

NIFTY EYES ANDROID APPLICATION LAUNCHED TO KEEP UP UPDATE ALWAYS AND ANYWHERE. price alert facilities with live market technical sms update.
Anybody can download it from Google play store.
link- https://play.google.com/store/apps/details?id=com.nifty.stock.activity.
If you like this application please don't forget to say your friends about this, so that they can also benefited.

www.niftyeyes.net

NIFTY LATEST UPDATE FOR EXPIRY WEEK

WEEK AHEAD:-
source :- sify
Movements are likely to be somewhat volatile for most part of the coming week, a truncated one due to a holiday on Thursday for Maha Shivratri, with investors looking ahead to the GDP data due to br released on February 28.

The near month derivatives contracts expire on Wednesday (26 February) and this could result in some wild swings in several top notch stocks that are part of the F&O segment. The coming week will see the beginning of trading in the National Stock Exchange's volatility index (India VIX), which is based on the index option prices of CNX Nifty.

On the economic front, the data on India's GDP for the third quarter ended December 2013 will be out on Friday (28 February). In the second quarter of this fiscal, the country a 4.8% surge in GDP, up from 4.4% a quarter earlier.

Much before the release of the GDP data for the third quarter, investors will get to know the performance of eight core sectors in January 2014. The figures, due for release coming Tuesday, will give some insight into what is likely to be in store for the final quarter of this fiscal.
With the reporting season over, the focus will mostly be on the GDP data and on developments in global markets. With top rung automobile and cement manufacturers due to come out with their monthly sales and shipments data over the next week end, shares from these two sectors will attract some attention.
The rupee's movements against the U.S. dollar will provide some direction to the market in general and stocks from information technology and healthcare sectors, in particular.
The Wall Street's subdued close on Friday (21 February) is likely to render price movements a bit sluggish on the Asian bourses early next week. Thereafter regional news will take the centre stage
_______________________________________________________________________________

Technical Analysis.
Nifty may face resistance around 6196 and 6265 where Fibonacci levels 61.8% and 78.6% come. As shown in daily chart below movement is corrective in nature, Therefore  the up move from 5932 may terminate any of above Fibonacci level. 

 

BANK NIFTY

NIFTY UPDATE

Nifty is at crucial juncture. 5970 is very important support for nifty where it has taken twice support and currently 200 day moving average is also coming at that level. Any consecutive two close below 5970 may pull nifty towards 5400 sharply. 

NIFTY LATEST UPDATE

As we wrote in our previous post that nifty is in mature stage. Really Elliott wave is a fantastic tool to predict the market. To get Our daily update and fantastic recommendation join our trading club. Nifty close around exact around 6140 support from where nifty jumped previously. Tomorrow is RBI meet. If nifty close below 6140 after RBI meet tomorrow than expect 5970 is coming soon. 

Strategy:- Any Bounce 50-70 points is sell opportunity.

CIPLA

NIFTY ELLIOTT WAVE ROAD MAP

FINAL RALLY IS IN MATURE STAGE.

Nifty took support 6130 level and gave a sharp bounce back from there. It forced me to change little in wave count on nifty daily chart. Earlier we wrote that nifty may fall upto 6056 or 5970 level and showed a picture upside rally towards 6430 level in my previous chart., but internal c wave truncate around 6130 and bounced back. 76.4% retracement level is working well in nifty. Look at the chart below. Each up leg is 76.4% of its previous up Leg. If nifty is going to follow it again in its final leg than possible target is coming around 6468 level. Previous up leg was 443 points rally. Its 76.4% rally will be 338 points. 6129 + 338 points + 6467.

 

We have draw a triangle type of pattern also. Upper falling trend line pattern may provide little hurdle for bulls. But any break below 6130 will force nifty towards heavy fall. 

INFOSYS

TREND UPDATE

NIFTY ELLIOTT WAVE PICTURE AND ANALYSIS.

We are posting Lattest Elliott wave view on nifty. The current on going pattern is a flat correction on weekly chart. Nifty has completed its double standard of correction and fall from 6445 is further next wave. We will have to watch that price is either X wave or not. If it is X wave of third standard , than price should move up again from 6000-5970 for expected target 6609. If this is not X wave and If flat correction terminate in double  than it may fall dipper up to 5700 level but currently I think its chances are very low. There are high chances that price will bounce back sharply up to 6600 level from 6000-5970 zone. 

So get ready for a fall upto 6000-5970 level first and after that a jump upto 6600 level.

In the Stock market, Nifty Eyes trading club that meet and discuss financial and technical trading topics for amateur or professional traders who want to expand their knowledge of the trading and develop new skills, joining a professional association can be a great way to do it. In fact, Nifty Eyes Trading Club can be beneficial for both career and personal development and can help you stay on top of what's happening in stock market. 

Benefits of Nifty Eyes Club membership typically include: opportunities to learn fantastic way of trading within associations; subscriptions to newsletters and magazines; access to seminars, conferences and association events; and access to members-only offers like- Exclusive Intraday and positional Tips/recommendation, in Index future and stocks Future and  research reports.

INDIAN MARKET LATEST UPDATE

Market opened flat but suddenly it move up and broke previous resistance level at 6345 but it slide nonstop in second half. Since past one week we have been written to our clients that 40% stocks are showing negative divergence on daily or hourly chart, and advised to trade cautiously. Further Nifty has broken it range in which it was spending time from last week and closed today its previous week low. Bias are totaly negative on daily and weekly basis. Bollinger band provide us very useful support and resistance level in range bound market. As per nifty daily chart Bollinger band support is around 6134. All important momentum indicators are showing reversal on pattern.

As per Elliott wave we can assume that this down move is c wave and it may touch 5970 level very soon. After that we will consider that nifty enter again in third standard of correction or it will fall further after little up move.

Get our daily resource and recommendation absolutely free 

for details feel free to call us - 7766904776

or mail us at eyesnifty@gmail.com