Wednesday, July 27, 2016

Elliott Wave Outlook of Nifty for July 2016 Expiry Day

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NIFTY - Most Awaited Correction on Cards

Hi Friends,

It's been a long time I have posted on Nifty. As I have been mentioning in my posts about the start of Bull Run; Nifty has breached all the barriers to conclude the Start of Bull Market. Currently Nifty is at crucial juncture. After forming a Doji Star on Weekly Chart last week, Nifty tested 8645 and started declining today. Nifty has strong Resistance near 8655 and there is Negative Divergence on RSI. All of these are indications of a possible Decline in Nifty in near term future.

For detailed Analysis & Chart you may like to follow below link

Thanks & Regards,

Harsh Dixit.

Tuesday, July 26, 2016

Nifty Outlook and Trading Strategy for July 2016 Expiry

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Saturday, July 23, 2016

WD Gann Trading Rules

WD Gann Trading Rules
W Gann Trading Rules
WD Gann Trading Rules
Here are the 28 rock solid WD Gann Trading Rules and I have expanded them explaining them in detail and also tried to relate them with today’s markets. W Gann laid very fundamental strong set of rules for trading in any markets. Though these rules were written in 1930s and the markets were much different and those time, however these rules are still valid and applicable and traders who can follow these rules may ensure a successful trading career.
Many legendry traders follow WD Gann Trading Rules and Gann Trading Techniques in today’s markets and have achieved success and so can other traders. Also, please ensure you read the last para as that will be very crucial to follow these rules and set them in your sub conscious mind gradually.

  1. Capital sub division. Divide your trading capital in 10 equal parts and never risk more than one- tenth of your capital on any one trade. Trading Capital means trading capital and William Gann was trying to say that you must still have ensured your financial security before coming to the financial markets by keeping a major fund safe for future needs. So if your net worth is USD 100,000, then you must have secured 90% for your future and used 10% as trading capital and hence only USD 1,000 which is 1% of the total net worth should be used for each trade.
  2. Use Stops. Always protect yourself by limiting your loss and deciding at which price levels your analysis will go wrong.
  3. Never over-trade as this shall not respect the rule number one of capital subdivision in to small trades. The first rule should be seen in respect to the frequency of your trading. In case your frequency is higher than you need to adjust the stop amount as well. And also note that fast decisions are usually wrong decisions. I myself think of a trade many months, weeks and days in advance and only trade it if all the conditions are satisfactory and all the Gann analysis principles are fulfilled
  4. Never let a profit run into loss, after your position is in profit raise your stop, so that you will have no loss on the capital. This rule has an expectation that I follow, I use swing lows or highs for setting my stops, which means loss is allowed in the cases where the stop has not been revised above or below my entry level (as the case may be applicable). View the full article I wrote on Stop Revision Method
  5. Do not trade if you are in doubt, never buy or sell if you are not sure of the trend according to your charts and checklist. W. D. Gann meant here that try to enter in those trades which have confirmed your filtration criteria or the trades that have high probability of going into your favor.
  6. When in doubt get out, and stay away when in doubt, capital safety is primary, enjoy the time in other activities, write a poem, watch cartoon, phone a friend and let the market reach the point of conformity or trade in some other familiar market.
Click here to read all the WD Gann Trading Rules

Friday, July 22, 2016

Nifty Elliott Wave Analysis for July 2016 Expiry

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Monday, July 18, 2016

Nifty Elliott Wave Analysis for All Time Frames

Thursday, July 14, 2016

Nifty Elliott Wave Outlook and Trading Strategy for 15 July 2016 Onward

Complete Elliott Wave analysis report with details, stop loss and trading strategy is explained at

Nifty Elliot Wave by tradingwithabi

nifty elliot wave

To know More visit us at TRADINGWITHABI

Wednesday, July 6, 2016

Part2- How and When to adjust the Oscillators such as RSI or Stochastics with market momentum

In the last post How and When to adjust the Oscillators such as RSI or Stochastics with market momentum, we adjusted our Oscillator settings at this point in the circle after market rhythm changed. Working with new adjusted settings of 34,13, 20, 5 we would have captured the upmove around 8315 and got exited at 8340 a profit of 25 points with very low risk of 10 points as the stop was at 8305 a bit below the first swing low so that we don’t get stopped out at fake break out.
NIFTY - Alternate 5 - May-28 1502 PM (1 min)
While, we were entering in this position we might not be aware of Risk: Reward Ratio (if would have been using Elliott wave or Fibonacci we would have known our targets in advance and hence Risk Reward) still we knew one thing how much money could we loose in this trade and that is sufficient to consider if we will enter in the trade or not? Knowing the Stop in advance is a very essential part of trading because knowing this helps us to plan better and do proper money management, so that our capital is preserved, which will help us to trade in many other profitable setups and if you don’t put and decide the stop in advance and remain in a losing position you will be kicked out by market, so the option is within you, weather to get out with the stop hit voluntarily or the market will kick you out brutally.
There is a difference in you getting out yourself than the market kicking you out. When we come out voluntarily we have sufficient capital to again earn profits because opportunities are always there in one stock or the other, but when you fight with the market and keep on holding a losing trade it spoils your capital which could have been otherwise used to reenter into 100s of other new trades and would have helped you gain experience in the market and not letting you say bye bye to markets forever.
The trade that started at 2 pm and you would have kept revising your stops at every Reversal in the oscillator and would have stopped out either at a Fibonacci target or got out voluntarily since, a 1 minute trader should never carry his position next day.
Now lets see the second Chart. You can see that Oscillator overbought at 10 am did not matched the actual top, here is when you should open another chart and start adjusting the settings so that they can correlate with actual tops and bottoms as well as reach the Oversold and Overbought zones properly.
NIFTY - Alternate 5 - May-28 1936 PM (1 min)

Next top at 11 am correlated exactly with the oscillator reversal but did not read overbought zone, which can create a doubt in taking a position. Which, is why in order to not miss out on such chances one needs to adjust the settings. I am talking a 1 minute example, so it has to be done quickly and shows that one is a day trader, his trading is his living and if he delays to adjust oscillator he will miss out moves or get in wrong moves.
The top at 12 noon again not catch-able as the oscillator did not reached the overbought zone properly, adjusting the setting is the key. Now, if these were say 15 minutes or higher time frame charts you could have taken your time.
In the third and last chart you will note that settings have been changed to 73, 8, 8, 4. You need to play around it and you will be able to do it, if you aren’t write me a mail at
NIFTY - Alternate 5 - May-28 1958 PM (1 min)
There are few points to be remembered for these settings:
1. You would have noticed that once you change the setting it is works for 3-4 moves in future, this could be a great insight on starting to realize that may be the oscillator setting is due and I should look for change in market Rhythm.
2. Remember the old settings, when ever market changes the rhythm first apply the old settings that have successfully pointed tops and bottoms. If they don’t work this time then only use the new setting.
3. Every stock, commodity, currency has its own temperament or rhythm. The setting that is working on Nifty may not work on BankNifty and visa versa.
We, have been given certain default settings and we never bothered to alter these. The change in the settings is one of the keys to identify the trends. For more such articles click on my website Link-

Friday, July 1, 2016

Latest Elliott Wave Outlook of Nifty for July 2016

Please read complete report with detailed explanation, outlook, stop loss and trading strategy at