NIFTY WEEKLY CHART Notice the Nifty Market structure in long-term weekly chart; it’s obvious that present bearish correction is following a similar pattern, which occurred during the period of 2010-2011. As you can see, My Nifty trading strategy has made an analogical comparison between both periods. But there is a lot of Global macro difference, […]
Here are the reasons why Nifty is in Bearish correction Read More »
“So folks just watch out the USD/INR Price action around the zone 64.25-64.00. Also keep an eye on this week’s economic calendar and News events”. This is following weekly chart of USD/INR. There are few things we can point out by looking at this chart. USD/INR has fallen down from 67.00- 64.50. From last 3
USD/INR PRICE ACTION ANALYSIS: WATCH THIS KEY LEVEL Read More »
More fundamental reasons support these choppy price action,Year end is just couple of months away. We had no more or less activity in October. DESCRIPTION – TECHNICAL ANALYSIS As you can see the chart, Bank Nifty is trading around potential resistance zone, which is between 17800- 18000. It is a Key level which might provide
BANK NIFTY – LONG TERM PRICE ACTION ANALYSIS Read More »
All right, its time to tackle some important questions and controversies. Do cycles exist in financial markets? Even if they exist, can we trade them profitably? Perhaps it’s often debated only on first scale and completely ignored on second scale basis. Let me take a dip into the topic and some insights alongside. Do cycles
WHY CYCLICAL TECHNIQUES SUCH AS ELLIOT WAVES ARE USELESS? Read More »
“Paul Tudor Jones once said “I believe the best Money is at the market turns, Everyone says you get killed trying to pick tops and bottoms-Well for 12 years ,I have missed the meat (Trend)in the middle but, I have made lot of money at tops and bottoms” Paul Tudor Jones is an aggressive player,
Picking Tops and Bottoms in Trading Read More »