Swing Update

The Outlook for Nifty

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias is positive above 8723.
  2. Nifty would be range-bound between 8737 to 8857.
  3. If Nifty continues to sustain above 8700, it might stage a sharp bounce towards 8917.

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Swing Update

But whoever would be great among you must be your servant, and whoever would be first among you must be slave of all

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Both bias and trend are positive above 8523, hence keep buying on dips.
  2. Nifty has staged multiple breakouts on huge volumes.
  3. It might continue to rise or stall before Feb 1, 2017.

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Swing Update

SPEEDKING

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias is negative below 8447.
  2. The only support in sight is 8273.
  3. Yes I do provide “services”. Don’t bother if you intend to negotiate.

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Swing Update

"…And he that seeketh. findeth…"

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias would be positive above 8323.
  2. If Nifty closes above 8473, then it could test test 8523, 8597.
  3. Otherwise, Nifty could continue to grind between 8497 and 8347
  4. Nifty has been “parked” between 8497-8373,(awaiting the next trigger)
  5. The more it consolidates, the more severe the breakout above 8500;

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Swing Update

O thou of little faith, wherefore didst thou doubt?

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias would be positive above 8323.
  2. If Nifty closes above 8473, then it could test test 8523, 8597,
  3. Otherwise, Nifty could continue to grind between 8497 and 8347.
  4. So any short set up above 8473 could prove to be a good idea, as long as it doesn’t close above 8473.
  5. Conversely, Any buying set up below 8323 has a good chance of being in profits.

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Swing Update

Something in the way….

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias is positive above 8217.
  2. Nifty is Rangebound between 8357 to 8173.
  3. Nifty could test 8445 – 8497.

My heartfelt apology for forgetting to update the SPX blog. Please read the sidebar carefully. Thank You for your visit. Love you all

Swing Update

Back to Ixtlan

With The Name of God, The Most Merciful. The Most Beneficent,
And The Excellent Helper, And The Excellent Protector

  1. Bias is positive above 8173 and negative below it.
  2. Nifty is Rangebound between 8123 to 8357.
  3. NIFTY50 needs one daily close above 8277 (200 DMA, previous swing high) to indicate a short term reversal. Otherwise it’s a mere consolidation around 50 DMA.

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