morning thoughts
The index rightly moved up along with the broader markets and remained strong throughout the day.
Technically the RSI is 70.4.
According to RSI analysis, nifty is slightly overbought and a bearish divergence is formed , neverthless along with it a falling illusion pattern is seen which can take the index to more higher levels in pertain of divergence and a short covering can emerge, so need to follow and stick to rsi levels for correct entry and exit for index , themacd moves to 90.4 and Signal Line to 90.8.
Now we move to sm analysis ,according to simple moving average analysis, nifty is following a crawling diper pattern and trend for which the major cushion levels are 9075.85, 8876.20, 8554.35 , whereas for bank nifty major cushion levels are seen at 21202.25 , 20565.65 , 19990.90 ,according to exponential moving average analysis, nifty is in a bollinger band reversal trap trend which is also witnessed in many stocks , bollinger band of the index is 0.94 , the percentage is good as it can remain above 0.72, now we will see and illustrate according to fibonacci retracement, index levelsprice is above all levels for 30 dema , 60 dema and 7 dema , the average true rangeATR for the index is at 68 and adx – average directional index is at 37.3 which again indicates the crawling inverse pattern , the confidence beta index is above 95 and the put call ratio – pcr in the derivatives segment stands at 1.14 with premium 25.5 future oi at 22365380 , coming to the elliot wave impulsive charts wave 2 is above the low of wave 1 , wave 3 is not the smallest in wave 1, 2 and 5 and wave 4 doesnt enters the territory of wave 1 which satisfies the impulsive wave theory, in context to the similar above sectoral shifts and stock specific actions will continue and major oppurtunities lays in futures , options and selected cash stocks
Out of money options at low premium stands at chance to appreciate more than 300- 500 % with futures giving a move of 20-30% if and above theory is satisfied and applied in the stock.
Many stocks continue to add oi in derivatives segment but remains stagnant in move as arbitrage in cash and fo curbs thier moves and a sudden move can be witnessed in those stocks and options , above retracement levels and ratios can easily track those in advance and positions can be made accordingly
If we come to the astrological configuration then no major move is seen before 15 april , amidst rotation of uranus , mars and mercury in aries for few days.
Commodities markets remains subdued with mixed trades with the startegy to buy on dips and sell on rallies in bullions , base metals and energy
SURPRISE OPTIONS DHAMAKA 2017 COMING...
INDEX – NIFTY AND BANK NIFTY – ALL LEVELS TO SEE AS PER ABOVE
TIME FOR CASH DELIVERY DYNAMITES IN ASP PATTERN
The index rightly moved up along with the broader markets and remained strong throughout the day.
Technically the RSI is 70.4.
According to RSI analysis, nifty is slightly overbought and a bearish divergence is formed , neverthless along with it a falling illusion pattern is seen which can take the index to more higher levels in pertain of divergence and a short covering can emerge, so need to follow and stick to rsi levels for correct entry and exit for index , themacd moves to 90.4 and Signal Line to 90.8.
Now we move to sm analysis ,according to simple moving average analysis, nifty is following a crawling diper pattern and trend for which the major cushion levels are 9075.85, 8876.20, 8554.35 , whereas for bank nifty major cushion levels are seen at 21202.25 , 20565.65 , 19990.90 ,according to exponential moving average analysis, nifty is in a bollinger band reversal trap trend which is also witnessed in many stocks , bollinger band of the index is 0.94 , the percentage is good as it can remain above 0.72, now we will see and illustrate according to fibonacci retracement, index levelsprice is above all levels for 30 dema , 60 dema and 7 dema , the average true rangeATR for the index is at 68 and adx – average directional index is at 37.3 which again indicates the crawling inverse pattern , the confidence beta index is above 95 and the put call ratio – pcr in the derivatives segment stands at 1.14 with premium 25.5 future oi at 22365380 , coming to the elliot wave impulsive charts wave 2 is above the low of wave 1 , wave 3 is not the smallest in wave 1, 2 and 5 and wave 4 doesnt enters the territory of wave 1 which satisfies the impulsive wave theory, in context to the similar above sectoral shifts and stock specific actions will continue and major oppurtunities lays in futures , options and selected cash stocks
Out of money options at low premium stands at chance to appreciate more than 300- 500 % with futures giving a move of 20-30% if and above theory is satisfied and applied in the stock.
Many stocks continue to add oi in derivatives segment but remains stagnant in move as arbitrage in cash and fo curbs thier moves and a sudden move can be witnessed in those stocks and options , above retracement levels and ratios can easily track those in advance and positions can be made accordingly
If we come to the astrological configuration then no major move is seen before 15 april , amidst rotation of uranus , mars and mercury in aries for few days.
Commodities markets remains subdued with mixed trades with the startegy to buy on dips and sell on rallies in bullions , base metals and energy
SURPRISE OPTIONS DHAMAKA 2017 COMING...
INDEX – NIFTY AND BANK NIFTY – ALL LEVELS TO SEE AS PER ABOVE
TIME FOR CASH DELIVERY DYNAMITES IN ASP PATTERN
