Nifty: September 16th May See Repetition Of September 3rd, 2019

Nifty: September 16th May See Repetition Of September 3rd, 2019

Satendra Singh  | Sep 13, 2019 16:50

On analysis of the movements of Nifty 50, in different time frames, I find that Nifty 50 showed a good bounce against all odds on September 13th, 2019; amid growing hopes on tariff trade war front, but Dollar extends losses on lingering trade war hopes as higher-yielding currencies advanced on hopes at least a temporary truce to the Sino-U.S. trade tussle.

No doubt that the Nifty 50 showed a good bounce back in an hourly chart, after taking a good support from 200 Days Moving Average, but once again found stiff resistance at the level of 11,081 and closed at 11,075; but in this process have formed a similar formation as it shown at closing bell on August 30th, 2019 which was followed by a gap-down on September 3rd, 2019.

I find that the Nifty 50 finds stiff resistance at the level of 11,081, whenever it attempts to break this level recently but could not; which result in a futile attempt here. I find that this series of futile attempts made by Nifty ensures the probabilities of a gap-down on September 16th, 2019; because the Indian economy has not seen any major change at the national level. All fundamentals which have been constantly putting bearish pressure on Nifty 50 remain the same. For watching my upcoming video on Nifty 50 and Bank Nifty, subscribe to my YouTube channel “SS Analysis”

Finally, I conclude that the India's retail inflation rate increased to a 10-month high in August but stayed below the central bank's 4% medium-term target, strengthening expectations that there will be another interest rate cut next month. The next decision from the RBI's monetary policy committee (MPC) is due on Oct. 4. I find that a rally in stock prices will run out of steam soon. It is typical buy-on-rumor-sell-on-fact trade on central bank stimulus and will be over by the Fed and the BOJ's meetings.

Nifty 50 - 1 Hr. Chart

Nifty 50 - 15 Minutes Chart - August 30th - September 3rd, 2019
Nifty 50 - 15 Minutes Chart - September 13th - September 16th, 2019

Disclaimer

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

Satendra Singh

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ashok kumar
ashok kumar

it happened exactly what you predicted.. super sir..👌👍  ... (Read More)

Sep 18, 2019 02:03 GMT· Reply
saanu kunnoth
saanu kunnoth

Your prediction was right.congrats.  ... (Read More)

Sep 16, 2019 11:14 GMT· 1 · Reply
saanu kunnoth
saanu kunnoth

Your prediction was right.congrats.  ... (Read More)

Sep 16, 2019 11:14 GMT· Reply
Ashraf Vali
Ashraf Vali

I don't understand why you always prefer for bearish market from past week. but nifty and banknifty clearly suggesting it's uptrend . I can't see your article has responsible mark.   ... (Read More)

Sep 15, 2019 04:17 GMT· Reply
Roni Dry
Roni Dry

U ar a total garbage  ... (Read More)

Sep 15, 2019 03:10 GMT· Reply
RAmesh gOPALAKRISHNANAN
RAmesh gOPALAKRISHNANAN

I see lot of bullish remarks connecting DOW etc.   Dow has run up around 12 to 15% in the last few days and nifty has corrected around 10% in the same period .  Why ?  If there is co relation why Nifty should correct ,  Bullish persons if you have answer reply .  Even after the strong government coming back why nifty is falling ?  When most of the world index going up in the last few days why nifty is falling ?  ... (Read More)

Sep 14, 2019 21:20 GMT· Reply
Vinod kumar Prajapati
Vinod kumar Prajapati

Market is bullish. Nifty may touch 11300 on monday  ... (Read More)

Sep 14, 2019 16:11 GMT· Reply
Purav Jain
Purav Jain

WHATS YOUR VIEW ON GOLD FOR NEXT WEEK   ... (Read More)

Sep 13, 2019 18:43 GMT· Reply
Purav Jain
Purav Jain

DON'T MIND SIR YOUR POST ARE VERY CONFUSING IN THIS MONTH ON NIFTY,PLS MENTIONED CLEAR AND PROPER LEVELS AS YOU PROVIDE IN LAST MONTH  ... (Read More)

Sep 13, 2019 18:38 GMT· Reply
Mighty Moustache
Mighty Moustache

For the market to pen gap down on 16th September it needs negative news. For now it is moving on hope and trickle of positive news. A gap down surely doesn't look possible like on 3rd September. This market will rally based on stimulus and GST cut  ... (Read More)

Sep 13, 2019 15:27 GMT· Reply
Prabhudas Patel
Prabhudas Patel

Market may remain sideways throughout this month.  ... (Read More)

Sep 13, 2019 14:18 GMT· Reply
gitesh shah
gitesh shah

All markets around the world are going up. So are Indian markets.  ... (Read More)

Sep 13, 2019 14:13 GMT· Reply
Madhu Nalla
Madhu Nalla

yesterday also you said same today market will open gap down. are you trading on short side  ... (Read More)

Sep 13, 2019 14:06 GMT· Reply
Madhu Nalla
Madhu Nalla

yesterday also you said same today market will open gap down. are you trafing on short side  ... (Read More)

Sep 13, 2019 14:06 GMT· Reply
Pbl Lnd
Pbl Lnd

Nifty wl open gap up with minimum 30 points. Nd goint to touch 11175.wht a foolish fellow is this  ... (Read More)

Sep 13, 2019 13:53 GMT· Reply
shiva sellaperumal
shiva sellaperumal

gap down opportunity to accumulate calls   ... (Read More)

Sep 13, 2019 13:34 GMT· Reply
shiva sellaperumal
shiva sellaperumal

i think u r totally upset today sellers become zero Today session in my view nifty heading towards 11340  ... (Read More)

Sep 13, 2019 13:32 GMT· Reply
Vasant Parmar
Vasant Parmar

Chances of opening gap up is high....now all the MVA index signals green and all the indicators turns green  ... (Read More)

Sep 13, 2019 12:08 GMT· Reply
Bharat Sadhwani
Bharat Sadhwani

i can understand how come people claim to be experts by being bearish every time like the one above....global mkts in green, fii started buying, technical indicators of 5 min, 15 min, 30 min, 1 hr and even 4 hr has turned green still they keep on ranting bearish bearish and fail everyday.....better be a fundamental analyst instead of technical one...dow jones is at all time high with an expectation of breakout and if that happens it will atleast go 1500 points plus and that would reflect in nifty too  ... (Read More)

Sep 13, 2019 11:57 GMT· Reply
praveen Kumar
praveen Kumar

what if it opens gap up on Monday?   ... (Read More)

Sep 13, 2019 11:51 GMT· 2 · Reply
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