NIFTY EXPIRY levels and possibility

• Nifty broken 8420 and tested next fibo 8320 today but manged to close near 8200 ema at 8333. 
• Two boxes drawn above represent similar pattern which is forming now after which 500 points rally came, so need to watched in future, they indicate 200 points rally ahead before expiry (if we see moves that came after doji like today) but it is to early to say based on these similar pattern
• Now next level if breaches 8320 is 8195, on upside 8420-8530-8644

NIFTY AHEAD FOR EXPIRY WEEK VIEW

As we said in our last blog that nifty may test 8550 (maximum time spent here)- 8525( came in last 30 mins) for rally ahead to 8700-8750, we tested lower level on friday close, now moving onward this daily chart will be of lot of importance-

1. It is clearly appearing from chart that lower green upward sloping  trendline on friday gave support to nifty and I have two views for lower levels-

A. either nifty will take support at downward sloping black line where it can test 8480 OR
B. it will take support at   upward sloping green line where if it is done then it will be validated by gap up of atleast 20 points as upward sloping line signaling gap up, also 8520 is retracement from 8844 where nifty closed above that on friday

2. Macd cross happened still intact and rsi is also not matter of concern for bulls
3.If this above B view hold true exactly as then we finally head to 8700,may be by expiry or weekend
4. If both downward sloping line and retracement breaks then we can see 8420 also

5. My overall view for this expiry is since we have highest put addition or can say highest oi of  entire call and put at 8500 put side, we might not sustain below that and I see two trendline working in sync perfectly as drawn below since 7940 (If you see all previous support and resistance cae at these trendline and fibo) and it is exactly matching with fibo levels also, so if we see gap up this time then bulls will try 8700 and if we get support at 8480 then also i am think 8700 possible but if both these broken then assume 8420 will come which i personally feel will not looking at oi addition at 8500 put side

Rally to 8720-8750 possible if 8550-8525 is saved tomorrow big SL 8500

Click chart to enlarge- 

 Overall view is 8550-8525 should be saved

Same analysis as below ema support at 8591 and 8524 and rising trendline showing 8750-8850 level

Weekly closing tomorrow, we are making higher high, higher low, rsi and macd on weekly chart shows there is tremendous rise pending in long term which is another topic

It appears as Wave 5-3 might start  if resume upmove tomorrow as you can see 8574 is fibo retrace, todays low, 8524 next support as per it but this wave can extend till 8750-8850

Some resistance there as per 8700 on rising trendline, support at 8524

MAcd cross and rsi looks in bull zone, no worries from there.

Calls are given like this .like some of  yesterdays call buy 8500 call at 77..we booked it at 177… buy bajaj auto future at 2552 booked at 2620..buy bharti airtel at 431 booked at 450… buy ashok at 77 still on hond at 83..

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Inverse Hns appearing on Hourly chart if breaks out then 8750 can come

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Nifty might rally to 8750-8850 if 8500-8488 saved-waves and fibo analysis-(CLICK CHARTS TO ENLARGE)

• We will start III-5th as mentioned in chart which might head to 8750-8850 post which we might see correction till 8500 again

• Daily Chart trendlines and febo also exactly at 8530, so I expect pullback from here to 8700 plus,.

• Hourly chart fibo speed fan also indicates that 8529 itself can be support with black line as further 8488-8500 support as told below

30 m chart trendline indicate support can come at 8488 after 8500 and target should be above 8700, rsi also oversold on 30 m chart..today gap at 8520 filled-click to enlarge chart

Nifty might hit 8700 -8750 and small correction 100- 150 points might come

1. Retracement from 9119 says that 8669 resistance zone clearing it 8844 possible.. But rsi again jumping in overbought zone due to which small correction of 100-150 can come after hitting 8700-8750

2. Retracement from 8848 says if nifty closes above 8632-8644 then 8844 possible

3. Wave anlysis says we are in larger 5 th wave from 5119 and III wave of this larger 5th wave innoperation.. From this wave III-4 TH done and 8700-8750 can come following which correction of 100-150 points possible fpr IV wave and final V xan hit 9100 new till diwali.. And IV wave correction can in august. 

4. Overal I see breakout of falling bigger 4 th wave trendline at 8350..reverse head and shoulder breakout targetting 8940

..MACD ctoss in daily chart already happened which is bullish.. Rsi also. Looking strong… higher higs.. Lower lows on daily chart indicate we are still in bull zone and I expect max rally of 100-150 still pending.. 

Weekly chart also higher high.. Lower lows whuch is bullish.. 

So overall short term market will b bullish and small correction of 100- 150 points possible

NIFTY MOVING AS SPECIFIED ON BLOG ON 13 TH JULY,8550 ALMOST DONE, NOW NEXT 8596-8666-8720-8800--8850

MOVING AS SAID ON 13 TH JULY MONDAY
Monday, 13 July 2015

Below are points-
(Kindly click to enlarge images)
 Nifty today again jumped above breakout of  reverse head and shoulder asshown below-
 4 th wave breakout trendline still protected,
 Febo analysis says holding above 8550 will see huge rally till 8700

Wave analysis of 30 mins says we are in 5th wave and iii-(iii) part of wave 5 running as below

Retracement says 8471 was resisting today which is if crossed with volumes then , 8596 and 8701 can come in spot.

Below are points-
(Kindly click to enlarge images)
 Nifty today again jumped above breakout of  reverse head and shoulder asshown below-
 4 th wave breakout trendline still protected,
 Febo analysis says holding above 8550 will see huge rally till 8700

Wave analysis of 30 mins says we are in 5th wave and iii-(iii) part of wave 5 running as below

Retracement says 8471 was resisting today which is if crossed with volumes then , 8596 and 8701 can come in spot.

Nifty Roadmap ahead- Booked 250 points on friday positional

Till now market is moving as per chart suggested on 26 th June  http://tjcapital.blogspot.in/2015/06/nifty-ahead-next-week-analysis.html-

1. Today market took support at 8386 which is 20 wma on weekly chart and 10 ema on daily chart..along with that support came at reverse neckline of breakout..with 50 % retrace of fall from 8848. It looks like Wave 3-ii and 3-iii mya start from tomorrow but rsi is worrying factor still
2.Here now everything is supporting but RSI and macd looks overbought, so expecting nfty to to take breather here with final support at 8386..and target can be breakout of revere hns which is around 8730..
3. Here situation which is not favoring much is RSI  which is overbought so some fall is inevitable like it came today...
4. all other patterns looks good like reverse hns breakout, bullish gartley completion,febo retrace
and next resistance will be near 8730 to 8850
5. On the downside if closes below 8400 then 8285 can come....

We booked 250 points almost on nifty positional buy call.

see current nifty chart and anlysis we posted few days ago… whats a.perfect prediction..

Exactly matches with analysis we posted below