topamax seizures

Jan

12

NIFTY Technical Analysis - Jan 2017 - 100% accurate
 

Posted by admin on

January 12, 2017

The below article was written on Jan 12th 2017 morning IST.  The below article has to be revisited at least weekly once or twice, to make further conclusions/analysis

 

NIFTY Technical Analysis for Jan 2017

From Nov 2016, the Indian stock market has gone down & then from late December 2016 rally to upwards started and holding till now . Demonetization step by Government of India on Nov 8th seems to be one of the major reason. Also, fears that USA will be starting to increase interest rates in 2017 may be another reason.

I will just focus on technicals & not get into reasons of why market went down. Nifty is around 8403 as of 11am, on Jan 17th 2017

 

Let’s see the technical picture of NIFTY

nifty daily

NIFTY was in negative territory in Nov 2016 & for the most part of Dec 2016. A strong rally of 500 points started from last week of Dec 2016. But even after this rally, I am not fully positive on short term.

 

SHORT TERM– NEUTRAL (was negative till late Dec 2016)

MEDIUM TERMPOSITIVE (as it held up well in Nov/Dec 2016)

LONG TERM– POSITIVE

 

BULLISH SCENARIO – Strong resistance at 8500-8520. In next few days it will be clear how much strength Bulls have. If 8500-8520 is crossed convincingly, then in my opinion “Short Term” will become positive trend.

 

BEARISH SCENARIO – I expect Bears to step in right here around 8400 or around 8500 to give Bulls a fight. Also, the rally up has been sluggish / struggle & not a smooth run up.

 

CONCLUSION – Next 2-3 days will decided how much strength this rally from late Dec 2016 has. I am expecting Bearish scenario may play out first until proven otherwise by smart money. Strong resistance at 8500-8520.

Please REGISTER to get FREE updates on markets/stocks at http://www.vcarefinance.com/register/

 

Thanks & God Bless!

Koomar

P.S : Wishing you and your loved ones a HAPPY, HEALTHY & PROSPEROUS New Year 2017 !

(Disclaimer : http://www.vcarefinance.com/disclaimer/ )

Feb 6th update : After my article, NIFTY did pull back 100 points from 8450 to 8350 between Jan 15th -22nd  as written/predicted  above well in advance. Bulls then stepped up big time to clear 8500-8520 convincingly & in 7-8 trading days Nifty touched 8800 as of Feb 6th 2017. Almost 280-300 points rally after it cleared 8500. The short term trend of NIFTY of course turned positive. 100% Accurate.

Recent Analysis
Testimonials

Kumar analyzed AAPL stock in April 2013 in response to my request, as I was invested in Apple stock then. His analysis was 100% on the money & that helped me to decide on my next steps. I highly recommend his service for any kind of investor/trader.

Srinivas.C
Investor in USA, March 2015

Kumar provided some valuable insight to a stock (TSRO) I was considering buying. Thank you Kumar!

John.B
Investor in USA, April 2015

Thank you Kumar for your advice not to invest money in WFM in November 2013. I thought this would be a good opportunity to get my daughter started in stocks, but it would not have been a pleasant beginning. The stock has never been as high as it was when I was considering it. It has continued to decrease over the past year. It started at 59 and fell to 38 in a few months. I should have invested in MSFT as you recommended which has gone from 38 to a recent price of 49.

Diane Z
Investor in USA ,December 2013
Diane.Zxxxxxx@XXXX.com

Thank you Kumar for sharing your views on Gold. As I recall you predicted this well in advance around 8 years back that gold will have a dream run, and you are damn right. I realize some of us didn't buy that theory at that time initially, but soon enough realized the true potential of gold and started purchasing from then on and made good handsome profits. Truly appreciate your advice on gold even today.

Suresh .N, USA (September 2012)
Long Term Investor in India naxxlxxi@yahoo.com

Kumar's analysis of the market and even a particular Stock are very accurate. He told me about J.P. associates turning point and that what exactly happened. I'm very impressed and thankful.

Salil C, USA (October 2012)
Long Term Investor in India saxxlxxnx@hotmail.com

Kumar gave advice on VGUARD Industries, I followed him exactly, I dont have enough time to look at it everyday, but his timely updates helped me, more over his advice was accurate

Joy Sebastian, India (September 2012)
A casual investor, India rexxhxxy@hotmail.com