Near Term Trend: ↑ (UP)
Market update: Nifty again opened in positive territory and went on to touch 11120 levels before cooling off and closing 7 points up 11070 level.
Overall Nifty has been moving in line with our trend and prediction and regular reader of our blog are aware that we have been bullish on Nifty for last few days. Nifty remains strong however being strong doesn't mean that it will continue to rise 100 point everyday. Nifty has risen more than 500 points in last 5-6 days so a pause is very much possible. Even a fall of 100 or so points from here shouldn't be a big deal but the important thing is that near term trajectory of the market remains up for now. Now its possible that market changes its trend tomorrow or day after it ( anything is possible in markets) but so far market has not given any such indications and like we mentioned yesterday once Nifty start trading and closing below previous day low that will be time to carefully analyse market movement.
We had mentioned that Nifty need to break 4-6 days of alternate bull/bear cycle ( Nifty had already moved out of the price wise consolidation range yesterday) and today probably it moved out of time range as well. It was the 7th consecutive day of higher lows and Nifty upward trajectory is clearly visible now and more importantly has broken the trend we had been accustomed to seeing since last 2 months. Advance decline continue to be positive and was at healthy 30:20
Technically nothing much changes , our old wave count stands, we feel G leg is in progress and probably has some more steam left in it which means we can see higher levels from here. I don't want to give any specific target as target do keep changing every day but a 11200-11300 is definitely a possibility (we say possibility so of course markets can change the trend anytime they wish). If you go long then do keep a strict stop loss and then only trade.
We had recommended going long above 10840 and if did you should have made decent profits by now, I am sharing below excerpts of the chat messages/trading updates we shared with our members and subscribers during last 5 days.
Summary of trade recommendations given in last 4-5 days
01/02/2019, 09:03 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, wait for next trade.
01/02/2019, 09:08 - NIFTYWAVEINDIA.BLOGSPOT: This time market is Carrying lots of force and momentum so chances of breakout have increased a lot.
01/02/2019, 09:16 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10845 buy one part*
01/02/2019, 09:18 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10865 buy one more part*
01/02/2019, 09:19 - NIFTYWAVEINDIA.BLOGSPOT: Trade 1 active @ 10855 (2 parts)
01/02/2019, 10:02 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10885 buy 2 parts*
01/02/2019, 10:02 - NIFTYWAVEINDIA.BLOGSPOT: Now we have 2 trades active * trade 1 10855 2 parts* & *trade 2 @10885*
01/02/2019, 13:30 - NIFTYWAVEINDIA.BLOGSPOT: We remain bullish on the markets and todays breakout seems to be moving as per our expectations.
01/02/2019, 14:15 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10870 hold all 4 parts*
01/02/2019, 14:16 - NIFTYWAVEINDIA.BLOGSPOT: If some one missed buying in the morning he may initiate now
01/02/2019, 15:12 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10900 hold all positional longs. Indications are we are going towards 11k+ now. Still dont leverage. Dont overtrade! (markets can turn and surprise anytime we cannot predict every move mkt is making in advance)
04/02/2019, 09:15 - NIFTYWAVEINDIA.BLOGSPOT: Good morning. Hold positions
04/02/2019, 10:11 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10850 hold all 4 parts long.
04/02/2019, 11:59 - NIFTYWAVEINDIA.BLOGSPOT: Nothing to be done for now, keep Holding all longs.
04/02/2019, 15:31 - NIFTYWAVEINDIA.BLOGSPOT: Carry all long for tomorrow
05/02/2019, 08:59 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, expect slightly positive open today. Most of asian mkts are closed today/tomorrow due to Chinese new year.
05/02/2019, 12:13 - NIFTYWAVEINDIA.BLOGSPOT: Keep holding all longs
05/02/2019, 13:54 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10950 keep holding all 4 parts for now
05/02/2019, 15:27 - NIFTYWAVEINDIA.BLOGSPOT: Nothing to be done for now, have a good evening.
06/02/2019, 09:04 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, looks there will be another attempt to break above 10985 today. Hold positions. Will advise if we have to do a part exit/book profit.
06/02/2019, 09:26 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 11018 exit 2 part long*
06/02/2019, 09:26 - NIFTYWAVEINDIA.BLOGSPOT: Confirmation : we have booked profit in 2 parts. Keep holding balance 2
06/02/2019, 15:13 - NIFTYWAVEINDIA.BLOGSPOT: Nifty trading around 11060. Nothing to be done for now. Carry balance long position for tomorrow.
07/02/2019, 09:01 - NIFTYWAVEINDIA.BLOGSPOT: Good. Morning. Hold balance long (2 part). Will advise if we have to do anything
07/02/2019, 09:31 - NIFTYWAVEINDIA.BLOGSPOT: *Nifty 11100 exit 1 more part*
07/02/2019, 09:32 - NIFTYWAVEINDIA.BLOGSPOT: Hold just one part
07/02/2019, 09:32 - NIFTYWAVEINDIA.BLOGSPOT: Confirmation we have covered 3 parts. Booked profit.
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 11115 exit balance part*
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: Book profit
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: *Position Nil*
(total point gained >250)
Note- Apart from these trades we also did few intraday/jobbing trades which is not included here
As you can see we keep guiding and advising our subscribers through regular intraday whatsapp updates as to what needs to be done during trading hours. If you wish to subscribe to our live whatsapp Nifty calls/trading recommendation then you may subscribe using below link:
http://niftywaveindia.blogspot.com/2019/02/join-us-on-whatsapp-how-to-subscribe.html
You may follow us on Twitter: Nifty Trend @Niftytarget
Happy Trading!!
Market update: Nifty again opened in positive territory and went on to touch 11120 levels before cooling off and closing 7 points up 11070 level.
Overall Nifty has been moving in line with our trend and prediction and regular reader of our blog are aware that we have been bullish on Nifty for last few days. Nifty remains strong however being strong doesn't mean that it will continue to rise 100 point everyday. Nifty has risen more than 500 points in last 5-6 days so a pause is very much possible. Even a fall of 100 or so points from here shouldn't be a big deal but the important thing is that near term trajectory of the market remains up for now. Now its possible that market changes its trend tomorrow or day after it ( anything is possible in markets) but so far market has not given any such indications and like we mentioned yesterday once Nifty start trading and closing below previous day low that will be time to carefully analyse market movement.
We had mentioned that Nifty need to break 4-6 days of alternate bull/bear cycle ( Nifty had already moved out of the price wise consolidation range yesterday) and today probably it moved out of time range as well. It was the 7th consecutive day of higher lows and Nifty upward trajectory is clearly visible now and more importantly has broken the trend we had been accustomed to seeing since last 2 months. Advance decline continue to be positive and was at healthy 30:20
Technically nothing much changes , our old wave count stands, we feel G leg is in progress and probably has some more steam left in it which means we can see higher levels from here. I don't want to give any specific target as target do keep changing every day but a 11200-11300 is definitely a possibility (we say possibility so of course markets can change the trend anytime they wish). If you go long then do keep a strict stop loss and then only trade.
We had recommended going long above 10840 and if did you should have made decent profits by now, I am sharing below excerpts of the chat messages/trading updates we shared with our members and subscribers during last 5 days.
Summary of trade recommendations given in last 4-5 days
01/02/2019, 09:03 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, wait for next trade.
01/02/2019, 09:08 - NIFTYWAVEINDIA.BLOGSPOT: This time market is Carrying lots of force and momentum so chances of breakout have increased a lot.
01/02/2019, 09:16 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10845 buy one part*
01/02/2019, 09:18 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10865 buy one more part*
01/02/2019, 09:19 - NIFTYWAVEINDIA.BLOGSPOT: Trade 1 active @ 10855 (2 parts)
01/02/2019, 10:02 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10885 buy 2 parts*
01/02/2019, 10:02 - NIFTYWAVEINDIA.BLOGSPOT: Now we have 2 trades active * trade 1 10855 2 parts* & *trade 2 @10885*
01/02/2019, 13:30 - NIFTYWAVEINDIA.BLOGSPOT: We remain bullish on the markets and todays breakout seems to be moving as per our expectations.
01/02/2019, 14:15 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 10870 hold all 4 parts*
01/02/2019, 14:16 - NIFTYWAVEINDIA.BLOGSPOT: If some one missed buying in the morning he may initiate now
01/02/2019, 15:12 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10900 hold all positional longs. Indications are we are going towards 11k+ now. Still dont leverage. Dont overtrade! (markets can turn and surprise anytime we cannot predict every move mkt is making in advance)
04/02/2019, 09:15 - NIFTYWAVEINDIA.BLOGSPOT: Good morning. Hold positions
04/02/2019, 10:11 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10850 hold all 4 parts long.
04/02/2019, 11:59 - NIFTYWAVEINDIA.BLOGSPOT: Nothing to be done for now, keep Holding all longs.
04/02/2019, 15:31 - NIFTYWAVEINDIA.BLOGSPOT: Carry all long for tomorrow
05/02/2019, 08:59 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, expect slightly positive open today. Most of asian mkts are closed today/tomorrow due to Chinese new year.
05/02/2019, 12:13 - NIFTYWAVEINDIA.BLOGSPOT: Keep holding all longs
05/02/2019, 13:54 - NIFTYWAVEINDIA.BLOGSPOT: Nifty 10950 keep holding all 4 parts for now
05/02/2019, 15:27 - NIFTYWAVEINDIA.BLOGSPOT: Nothing to be done for now, have a good evening.
06/02/2019, 09:04 - NIFTYWAVEINDIA.BLOGSPOT: Good morning, looks there will be another attempt to break above 10985 today. Hold positions. Will advise if we have to do a part exit/book profit.
06/02/2019, 09:26 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 11018 exit 2 part long*
06/02/2019, 09:26 - NIFTYWAVEINDIA.BLOGSPOT: Confirmation : we have booked profit in 2 parts. Keep holding balance 2
06/02/2019, 15:13 - NIFTYWAVEINDIA.BLOGSPOT: Nifty trading around 11060. Nothing to be done for now. Carry balance long position for tomorrow.
07/02/2019, 09:01 - NIFTYWAVEINDIA.BLOGSPOT: Good. Morning. Hold balance long (2 part). Will advise if we have to do anything
07/02/2019, 09:31 - NIFTYWAVEINDIA.BLOGSPOT: *Nifty 11100 exit 1 more part*
07/02/2019, 09:32 - NIFTYWAVEINDIA.BLOGSPOT: Hold just one part
07/02/2019, 09:32 - NIFTYWAVEINDIA.BLOGSPOT: Confirmation we have covered 3 parts. Booked profit.
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: *nifty 11115 exit balance part*
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: Book profit
07/02/2019, 11:47 - NIFTYWAVEINDIA.BLOGSPOT: *Position Nil*
(total point gained >250)
Note- Apart from these trades we also did few intraday/jobbing trades which is not included here
As you can see we keep guiding and advising our subscribers through regular intraday whatsapp updates as to what needs to be done during trading hours. If you wish to subscribe to our live whatsapp Nifty calls/trading recommendation then you may subscribe using below link:
http://niftywaveindia.blogspot.com/2019/02/join-us-on-whatsapp-how-to-subscribe.html
You may follow us on Twitter: Nifty Trend @Niftytarget
Happy Trading!!
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