Oct 8, 2011

Cast Away

The Gap up of 3% yesterday looked like the Tom Hans as a Bear in a far away Land.

Well that was just the former later the bears had the punch no to take the bulls much higher.Usually such Gaps do not give any opportunity for an intraday trade but still if somebody had spotted the negative divergence and weakness at 4935 --- it was a cake walk of 60 points.

Come Monday and sell off  is expected. How Much only the Bears Know. Forget 4977 Even 4940 was a China wall to conquer by the bulls.The fort at present is under the tight grip of bear territory.


4770 - 4940 was the range on Friday. Any Side opening out side the range or a break out side the range will give a minimum of 80-90 points. Keep an eye on it.

Short on rallies the SL is the same 4977 Spot on closing basis.

Oct 5, 2011

Re-Alignment


Today's case is nothing but just Realignment of oversold conditions.

No Change in the trade setup as of now.Today also it was a case of false break out above 4820 to entice bulls and trap them -- Later we saw them butchered ruthlessly.Bears are always Fast and Furious. An indication given again today also.

Stay Short only the target awaits SL 4977 on closing basis.

Oct 4, 2011

What Next

Technology is a Boon at the same time curse.

Since Yesterday BSNL is making me go nuts . Sorry for not posting Yesterday.

The Performance of the bears have been marvelous till date. Target of 4720 Done today . Nothing much can be expected a decent 300 points in 3 days.

Remain short targets remain still the same Lower SL to now 4840 or 4880.


Oct 2, 2011

Obssesions & Possessions

It can be the End or the Beginning.

The Market Place is A Dynamic Dice -- I may not even give u a chance to apologize. Many times i have exerted the Importance of 5197 Levels, Never underestimate the bears and that too when we are in deep Bear Territory. With the German vote of confidence... The whole world was running for longs as if there is not going to be any tomorrow . What happened later --- "Do i need to Explain".

The Same happened on Friday --- For a Meager Rally of 100-200 points never panic. The Ultimate Bear Short of the Year is Pending may be October or November. 

For Monday Resistance lies at 4995 and 5034. Supports exists at 4880 and deep below it at 4812.

Remain short till we dont get a Close above 5034 ... Targets are 4720 - 4623 - 4550 - 4050.


Sep 29, 2011

Breaking News Faked Out

The German Vote may turn out "Buy the Rumor and Sell the News"

Nothing much has changed today owing to expiry we had the Jittery.

Resistance for the up move lies at 5048. I will maintain my bearish view as of now. Prizes have shown bullishness today but lack the momentum.Also contrary we can again have a top at 5169 again. Chances Remote.

SL for shorts 5197.

Sep 28, 2011

Break Faliure

Quite apt to say at this point of time.

Just one day and people are again tilted towards the downside. The resistances are increasing on the upside and are facing severe selling. Look at the volumes at 4950 to get an idea.

4900 is the key for tomorrow and more appropriately 4880 . Below it deep cut till 4750.

Probable Range 1 : 4880 to 4995
Probable Range 2 : 4750 to 4880
Probable Range 3 : 4750 to 4960

Expiry tomorrow play with tightened seat belts .

Sep 27, 2011

Pessimistically Optimistic


Dont get Swayed Away by the Fake Bullishness

Above 4880 we did the 4947 4957 levels and also above it But failed to close above 4977. As such after the gap up the up move lacked the conviction.

Be cautious and if we get tomorrow 5013 or 5048 level brutally short October series and have a great sleep. I am expecting a deep cut of approx 300 points down in these two days . Better to play in October series now as Market may have surprises too.

Tomorrow will be on some Professional Obligations so pardon me during Market Hours.


Time to short Again SL again 5197.

Sep 26, 2011

Traders Delight

Nothing can change in a Day.

How much can a F&O induced rally do. The Same Happened today 4880 -- the great Wall of China Standing Tall. Also Global Markets rallying at the opening session Trap all the Way .

Looks like today the Rollover has been done.

Resistance for the up move lies at 4880 above which 4947 - 4957 is the area to look for.  Downside is open at present. I will not be surprised if we open a huge gap down tomorrow .

For me its still a cake walk for bears and i will stand by the conviction of Bears. Safe traders can shift their positions to October series.

Cahlte Chalte

" RagoN men daudte firne ke hum nahi kaayal ...Jab aankh hi se na tapka to fir lahu kya hai..."



Sep 23, 2011

End of Days

All that i can say is "No Respite"

Break of 4860 Gave a Decent 40 points --- How Many Capitalized on it. Bearishness at it s Best with VIX Moving Northwards. Nifty not able to scale 4940 . Bearishness all over with just a Pause for a Day.

Expecting 4623 by Monday or Tuesday till be dont close above 4920 Now.

Will this Expiry be the "End of Days"

Chalte Chalte ---- "Ummed Mat Chhod E Musafir --- Kya Pata Aaage Mode A Jaye"

Sep 22, 2011

Blood Blood Blood

Can Anything else termed for today

Fed came with the twist and i remember of this song only

Aao Twist Karein




Repeatedly I have emphasized the importance of 5197 --- Koi Shak. I expected the 4911 levels and it rocked today -- Thanks to My Master "Ilango Sir" of  www.justnifty.blogspot.com.

Nothing Much to add as with such a Fall The Technical's are pointing to huge huge downside. Looking to the scale of fall today -- It was apt to book fully and wait for a new trade tomorrow and me too did the same.

For those who are left out for tomorrow resistance at 4960 and support at 4880 and 4858 . Watch these levels carefully.

On a Lighter Note --- "Aao Twist Karein" Again :D

Sep 21, 2011

Perplexing State of Market

5197 --- Again the Great Wall.

  • A Big Event today  --- The Fed "Hide and Seek" Game. Economies can never improve by Printing Money.
  • Today also Nifty Resisted at the opening and grinded lower. Nothing can be Thought of Now as the Big Event may bring Surprises.
  • Technically Multiple tops in the 5150-5197 region. Hence my bias would be more on a revisit to 4911 again.
  • As of now a .25 BPS rate hike looks the most probable scenario today.

Opps Too Much expected by a Bear Like Me.



 


Sep 20, 2011

Bear Trap or Bull Trap

Well Tomorrow always has the Answer

Resistance at 5140 and that we have to see tomorrow too. The last major hurdle would be 5197 above which no point in being bearish for the time being. For tomorrow resistance lies at 5197 and support at 5093.

As such again the Prizes have shown strength and are in bullish mode. But Always expect the unexpected when in markets.

Lets see what the Trap has for us in Place.

Sep 19, 2011

Many Messages

Today as such was a range bound day but had the message.

  • The weakness that started on Friday continued --- Targets achieves as such.
  • More to come in coming days.
  • Resistance at 5075 5140 and supports at 4912 - 4874.
  • Target for this immediate down move is 4874.

Sell on Rises till we dont close above 5197 now.


Sep 18, 2011

Weakness Crept

Weakness already existent.

Clearly mentioned that bluntly short near the 5130 5140 range ---- irrespective of the the RBI policy. A magical 70 points in no time frame --- I had capitalized on it did you ????. The Wall of  China is standing great.


Come Monday and the jitters would be seen. Sell off in the making owing to nervous related to FED Meeting on Tuesday. 5130 is the triple to area hard to scale at present.


A close below 5023 would invite positional sell as such. Resistance at 5130 5140 and support at 5030. Trade the range or wait for break out or break down for some good 200 points move.

As such it is gain sell on rallies since nifty was not able to scale 5130.

Sep 15, 2011

Not Convinced

Simply not convinced by the up move that happened today.

The reason being all went exactly the opposite. The morning opening would have opened the gates for a spectacular move rather the morning gave a deep cut. Later on the rally was working fine till 5030 but the volumes started dithering between 5030 and 5090 --- A very labored move ---- Usually when inside day breaks out on the upper side or when a long traded range gets a break out the moves are very fierce --- but today the bulls lacked the necessary punch. This was all i wanted say.

But Market is Supreme the prize action has given a break out above 5077. So at present still a very bullish picture is emerging.

For tomorrow 5130 5140 is the ultimate peak where u can brutally short nifty. Also RBI action will dictate the market. Still if we forget the RBI then also 5130 5140 is the area where you can get brutal in shorts and cover at 5017 4980 4918. Remember still the volatility range for tomorrow is 4918 - 5139 and i expect the same moves too..


My personal bias today again shifted to bearish because of he labored move on the upside which lacked the necessary adrenaline. I am neck full shorts but please u be with the price action which is bullish.


Supports at 5063 5023 and resistance at 5089 5140.


Remember Luck only favors the prepared

Sep 14, 2011

Can we have Peace


The Title Speaks in Itself ... Both the Bulls and Bears seems to have agreed on some kind of arrangement.


Range Bound Moves continues. Today's Rally comes amid high inflation --- seems like market already knows the RBI action and the Prices are Reflecting the Same.This Up move is quite different and comes at a time when the diaspora is bearish and today market has done exactly the opposite. I was too lured to short the market at lower levels knowing that this is a range bound market. Thanks to SL .... Has anything changed ---Definitely for the bears it is a night mare as the last up leg is pending in Nifty and may be this can be the last leg.

  • Contrary still we are below 5066 and that may provide some respite to bears.  As of now looks like we are heading again to 5180 -5258.
  • I am a perrineal Bear and will be but prizes are at present bullish and showing some extreme bullishness. 
  • Resistance for the up moves are 5042 5066 5123 5197. Supports lie at 4977 and 4911.
  • For Positional traders consider bearish below 4900 and bullish above 5170. Till then Trade.

I would advise to stay away form market till a clear trend emerges and for die hard traders like me i would love making mistakes and learning from it.

Sep 13, 2011

Welcome Volatility


Bear's Again winners.

A Gap up day just to get sold off and close below yesterday's close.
Stay short with SL of 5066 and also enjoy the trading range of  4900 to 5040.

Targets remain the same as of now just keep an eye on the SL 5066.

Sep 12, 2011

Ride the Tide

A Great Day with Bears Ruling.

All targets done as of  now. The closing is still above 4930. So Bulls Might Attempt the odd 4977 - 5015 levels..Chances are very less. Today with a Close below 4980 the down trend is confirmed.

More to come target remain the same 4552 as of now.

SL for all shorts remain 5066 - 5197 on closing basis

Sep 9, 2011

Hibernation Over Early


All that matters is the "Right Stroke at the Right time"

  • A good Selling at the Channel top though +/- 20-30 points is the area we have to take risk.
  • The Immediate Target of this Down Move is 5020 - 4970 - 4940
  • Prudent to remain short at present.

"Dare to be Bare" as Bears never come Singing Love Songs -- They come is Hibernation and they Go also in Hibernation -- The Jigsaw Puzzle of the Bears is the most difficult to Truncate.

Have a Great Weekend !!! :)

Sep 8, 2011

Exhaustion

Sorry for not Updating Yesterday

The last two days move are really exhaustion Move and Still its a Bears Territory as Such.I have been accumulating shorts since 5066 level and the SL would be 5197 NS on closing basis.


Still it s prudent to say that we are not out of the woods.

Sep 6, 2011

Currency Intervetions

A Rally Induced by Currency intervention to keep the Exchange Rate of Swiss Franc Stable.

Nothing Much Has changed as such .... Looks Like Market Rallied for the Weak Shorts to Exit.


I will Keep My Bearish Stance Till we Don't Close above 5197 NS.


Chalte Chalte ---- Still we haven't Closed above 5066.


Start Accumulating Shorts Again.

Positional Shorts



Those who booked shorts can again start accumulating shorts near 5066 5100 5127 Level


Targets are 4850 4667 and 4552


Strict SL of 5197 NS

Book Profits


Book your shorts here at 4930 4940 or trail SL at 5015 and add more on Close below 4880 spot.

Sep 5, 2011

A Weak Set UP


Grinding is On

Overall a Very Weak Setup ..... Nifty wasn't able to scale the Gap..... Implied Bearishness as such


Stay short with a SL of  5066 or 5120.

Sep 2, 2011

Bull V/s Bears

A Great Week To the delight of  Bulls

  • Well A decent week with a decent rally has ended.
  • Things haven't changed Much.
  • 5066 Still a Resistance above which 5115 is the target area.
  • Today we have made a short term top ( Personal Bias )
  • I expect Selling to Aggravate on Monday.
  • Targets are 4920 - 4870
  
Wish you all a Great Weekend

Note : -- Tata Steel At 490 -- Those who bought calls now can Trail SL to 477 or Would have Booked Out.

Sep 1, 2011

Welcome Dice

Well a great 2 day Break comes to an end.


  • A truncated week will come to an end tomorrow.
  • Resistances at 5015 - 5066 and Support at 4920 4860
  • One may try shorts near 5040 5060.
  • I expect Selling to aggravate by Monday.
  • It is normal to have such bounce which is at present healthy for the Bears.

Still it is a Bears Territory.


Happy Ganesh Chaturthi



Aug 29, 2011

The Kiss of the Dragon

Call it a Dead Cat Bounce ---- I will call the Dragon Bounce.

Stupendous performance today ---- First the Leveraged ones covered on the gap-up , Later on the margin calls got triggered - nifty surpassed the key resistance - the ones who were left out ran for cover - lastly those who thought were left out came in --- Eureka Eureka Eureka.


For tomorrow we may see a very labored move till 4985 - 5015. I am expecting a certain level of cooling before any further move. Supports are at 4840 - 4860 where buying can be done again.


Still we are not out of the woods - Today's rally factored in may positivism. 5040 is still a good resistance area above which we may get 5180. 

One may short tomorrow at the opening bell as being a two day holiday i expect a sell off again.

Aug 27, 2011

A Prologue to and Epilouge

Referring to My Post of March
Renaissance

Hopefully After 5 Months the Mass is Awake and Hat's off to Anna Hazare Who has initiated this Movement to Remove the "Morass".


Aug 26, 2011

A Great Start To New Expiry

A Great Start

  • The Contra Approach Played Very Well.
  • First SL for buy got Triggered at 4763 --- Still it is a buy with SL of 4667.
  • We have to see the Bounces and the strength of it.
  • Resistance at 4763 and then 4880 now.
  • Some How I am Expecting a Decent Rally till 4980 - 5066.
  • SL for shorts is 4880 and for longs is 4667 Now

Have a great Weekend :)


Aug 25, 2011

The Month That was and Over now

The Month to Remember.

  • A great month with huge whipsaws in a down trending channel.
  • As of now Expiry is Over and owing to the new series i am expecting a rally till 4980 - 5066 as of now.
  • Tomorrow we may hit a bottom and then rally or directly start rallying tomorrow.
  • Buy with a SL of 4763-4667.
  • Remember this is to be played only for the bounce as the trend will remain bearish till we dont close above 5588
  • SL of 4980 was for August --- It remains "NULL & VOID" for September

Chill !!!!!!

NOTE : Also i am playing in TATA STEEL  480 calls for a Decent Bounce till 510-520

Chart Speaks---Below is the 18 month Chart  of TATA STEEL

Source : www.icharts.in


Contra Approach

  • This doesn't mean that you cannot short --- Still it is Sell on Rallies. One may also try Shorts with SL of 4880 or 4915.
  •  I am thinking of buy because still we haven't closed below  the May - June 10 Lows of 4786. So the Buy.

See you tomorrow at the Trading Dice :)

Aug 24, 2011

Finals Tomorrow


  • 4980 Rocks ----
  • Still a Sell Target of 4763 - 4667 Awaits.
  •  Being Expiry Day whipsaws may be there so Tighten your Seat Belts .

Aug 23, 2011

Traps

4980 --- Still a Great Number

  • Above 4933 We almost touched 4980. Weakness still visible 
  • Stay short with SL of 4980.

Nothing more to add as of now as Expiry has its own ifs and buts Just Have Strict SL .

Aug 22, 2011

Its now or never

I cant even term it as a Dead Cat Bounce.

A Dead Cat Bounce always takes the shorters with surprise. The case is not as of now. The bulls staged a decent rally to exit at some decent levels. For me it is just the alignment of  the indicators to correct the oversold conditions.

For tomorrow the support lies at 4868 below which we may directly get 4786 levels and even much lower. Above 4933 we may get 4980.

On the personal front i would brutally short nifty near 4933 levels and even on break of 4868 levels with a SL of 4980.

Target still awaits for 4763 and 4667. At 4667 levels we may see a decent bounce which also can have the potential to take nifty higher. Lets see as still it is too far away.


Rome was not build in a day and thus a single rally cannot change the picture that the bears have painted. 

Aug 20, 2011

Brutality At its Best


Market Never Runs on Emotions.

  • The same is the Case now ..... The Mass is involved in Bottom fishing Just to find out a Gap Down Next day and the Story continues.
  • Target of 4837 done as of now.
  • Still I dont see any bounces on the Dice Weakness still inherent 
  • The next Level to watch is 4763 - 4667.
  • Lower the SL to 4980 Now.
Never Under Estimate the Bears as they come in Disguise Always .

Aug 18, 2011

Bears Giving No Space

Every Day Just wake up and Sell Sell Sell

  • Today the Crucial level of 4990 gets conquered by bears.
  • Target still remains the same 4897 - 4847 - 4837 .
  • At 4837 some buying can be done with a 20 point SL.

Ride the trend till it lasts

Aug 17, 2011

Back After Weekend


Back after a Great Weekend still dizzy.

  • 5197 and further 5141 has acted as great wall of China.
  • Target Remains the Same 4897 - 4837.
  • Lower the SL for shorts to 5141 NS.

Sorry for the Delay.

Aug 11, 2011

Inside Day


A Pause day.

As such even with so much global bullishness nifty was not able to scale 5197 and this shows the weakness.

Today was an inside day hence any side break out or break down will give a decent 100 point move.

Above 5186 target 5211 - 5258 - 5310 & below 5120 target 5070 - 5018.

Personally owing to the long weekend with Monday being a holiday i expect a sell off.


Aug 10, 2011

No Change


Except the Gap Up opening  there was nothing that could prove the strength in market.


My net has been troublesome today hoping to get back tomorrow.


Till we are way below 5197 ... Target 4897- 4847 awaits.


Stay short resistance at 5197 and support at 4915

Aug 9, 2011

What Next

A Storm Never Comes with a Signal..

That is what this bear Market did. A Typical Bull will Try to buy at Every dips in a Bear Market after a Prolonged Bull Market -- and this what is happening now the bulls are buying at every dips just to see a gap down every day and the Bear Sucks all Out.

If we closely watch the Daily closing the Gaps that have been made are not getting closed at the closing basis and this is a sign of some thing huge to come.Weakness there and thus short brutally at every resistance.

As such today we have closed below 5088 and thus the near by target is 4915 . Contrary above 5133 a powerful rally may emerge taking nifty to 5225 - 5310 and even 5410. Still too early to say that.

Prediction in market always tend to fail hence just ride the Price Wave and the trend till it lasts.


Aug 8, 2011

The Contradictory Approach


The Chart Itself Has got the Answers.


At the current RSI Readings a bounce has become necessary just to get sold off.


Will history repeat again ==== Till Now it has happened so.


If happens then 5300 - 5500 is the visible maximum Bounce


Only One Word --- On the Rocks

The Bears Have tasted the Blood.

After the US Downgrade we saw the Gap Down a Powerful Rally and then again to close deep in the Red that too below 5197 - 5180. Technically the Target comes around : :

5197 - 5497 + 5197 = 4897

This does not mean that intermittent rallies will not be there but as such the target remains the same.

Resistance Lies at 5133 and then at the gap area of 5211.On the downside since we have closed below 5197  and below it the Support Lies deep down at 4500. Before that 4897-4847 is the intermittent support.

Chalte Chalte S&P is thinking to downgrade India and Japan .. If that happens ... I will discuss in detail tomorrow.

Aug 7, 2011

If You Want More Confirmation


Just look at he Dubai chart




Fingers Crossed But If the Down Freeze Happens It will be Approx at 4700 


Just a thought --- We will See how market Behaves tomorrow then only will take a Fresh position.



Is the Down Freeze on cards


Tel Aviv exchange halts trade after 6% fall
JERUSALEM — Trading on Israel's Tel Aviv stock exchange was temporarily halted on Sunday after share prices fell six percent at the open on news of a US credit rating downgrade, public radio reported.
Trading opened as normal on Sunday, the first day of Israel's working week, but mandatory suspensions went into effect minutes into the session as the stock exchange plunged.
Both the blue-chip TA-25 and the TA-100 indices dropped more than five percent in pre-trading, prompting the exchange to put into effect a practice known as an "English opening," with trading delayed for short periods.
"What happened this morning is that during pre-trading, the TA-25 went down more than five percent, so there are a few actions that are taken," exchange spokeswoman Idit Yaaron told AFP.
"The first is an English opening, where the trading is delayed by three to five minutes, after that, the trading system checks the data again, if it's still up or down by five percent, it's delayed another three to five minutes."
After the first two short suspensions, the indices had failed to stabilise sufficiently, prompting the exchange to authorise a 45-minute suspension, Yaaron said.
The delay allowed trading to return within the five-percent band, and trading resumed shortly afterwards, but both indices quickly began to fall again.
At 11:36 am (0836 GMT), the benchmark TA-25 index was down 6.07 percent at 1,084.84, while the TA-100 had slipped 6.49 percent to be at 9,80.19.
Once ordinary trading gets underway, day trading is not halted unless the exchange drops or rises 12 percent, Yaaron said.
The session on Sunday was the first on the Israeli bourse since the international agency Standard & Poor's said it was downgrading the United States' credit rating to AA+ from the top notch triple-A.
The announcement panicked international markets and was criticised by Washington as unjustified.
But S&P argued US leaders were becoming less able to get to grips with the country's huge fiscal deficit and debt load.
The credit rating agency also gave a negative outlook for the US, saying there was a chance its rating could be cut again within two years if progress is not made to reduce the government budget gap.
In Israel, the stock market plunge also came a day after massive nationwide protests over the high cost of living and income disparity in the Jewish state.
Prime Minister Benjamin Netanyahu has pledged reforms to ease living costs, but has warned the broad reforms favoured by protesters could throw Israeli into a financial crisis.

Aug 5, 2011

Is the Storm over or Just Started


The World was Painted Red Today ---

As such today also the panic continued . All targets have rocked till now.

A few months Back Indian Markets got decoupled form the US Markets. Now the Case is different.

No Levels as of now -- Lets See How the market behaves on Monday.

Till then enjoy the Weekend :) :)

The dreaded has Arrived


Dear Warriors

Owing to the yesterday night sell off in the US Markets chances are high that we may open deep red. Anything between 5258 - 5196 is a full booking zone for shorts. Chances are high that a dead cat bounce may emerge. Book shorts fully and enjoy the weekend. :) :) 

Aug 4, 2011

The trend Continues


Is the Avalanche Near.

Today also Nifty got sold off at the resistance making newer lows. Still the Weakness is running.

5258 Awaits as such.

SAR remains the same at 5445-5465.

Aug 3, 2011

On My Way Still More to Come


Bears have got the necessary Adrenaline now.


Today the target of 5410 achieved and also buying near 5380 gave decent 50 points. As such the bounces are weak and thus more pain to come in near future.


Nothing much to add expect that 5258 is the visible target this week


SAR now 5445-5465.

Aug 2, 2011

Bears are Fully Awakened

Bears On the Way But Still Hibernating.

Already this was the third day day with a close below 5497. Bearishness still Prevails.

For tomorrow resistance lies at 5475-5480 Above which 5502 and 5565 are the resistances. Contrary Below 5430-5435 Major support lies at 5380-5410 range where buying can be done with strict SL of 5377.If 5410 or 5377 fails to hold then we would get 5258 levels within a short time.

Sell on rallies is confirmed and till we do not close above 5595-5610 the Bears will be in full force.

Aug 1, 2011

Still Down

Has Anything changed ....

Definitely for the US every thing has changed ... Slowly the Economy is going into rashes with just increased debt limit and no source of revenues. The US administration has failed to solve the crisis even with the debt limit hike. The jitteres will be seen very soon.

On the domestic Front Nifty did a gap up but washed all gains ... Inherent Weakness as of Now

For tomorrow Resistance lies at 5533 above which we may get 5560 - 5570. On the contrary already we are below 5533 so the target of 5410 still awaits.

SAR is still the same at 5590-5620 range.

Jul 29, 2011

We are officially in bear terrirory

Official Bear Territory

Nothing Much to Add at present except that we are in a bear territory and 5410 is the last 
confirmation point.

My personal opinion is that we may reach 5258 by next week in a zig zag way. SAR at 5596 now

Wish you a Happy Weekend.

Jul 28, 2011

Expiry has some thing to Say

Expiry had all the answers.

To sum up the Range of  5497 - 5740 got broken on the down side and on the expiry day.

As such the target comes to (5497-5740) +5497 = 5254 to 5250. We have closed below 5533 and also 5497 so definitely 5250 is on the way. As such intermittent bounces may be there but till we dont close above 5620 now it is a bear territory. Tom-morrow we would be watching  the monthly close too.

For tomorrow resistance lies at 5512 above which the bulls may try 5532 - 5577 - 5605 also. On the contrary the Target of 5464 -5410 is still open as the close was below 5497.

Lets see what the august month holds for us.

Jul 27, 2011

A Weak Opening and Weak close

Another Bear Day ...

Looks like Expiry has something to Say for August.

For tomorrow resistance lies at 5560 above it we may get 5588 - 5596 -5609 at the most. Selling pressure will emerge at 5609 . Above 5609 Doors are open for 5680 too but chances remote. On the contrary we have already closed below 5556  so the downside target comes at 5497 - 5464 - 5410.

Expiry Day Strategy ....

Buy 1000 5500 Puts and Hedge it with 5500 calls 4 lots. If the trade triggers then it will be a fortune earned in 5500 puts and if not then capital will get protected with 5500 calls.

To trade or not Choice is yours :)

Jul 26, 2011

A Failed Break Out

A failed Break out --- A Bold Decision --- Expiry Jitters.

To sum up today was a Roller coaster ride in all terms with NF just grinding down and down. Nothing much to Say as the Picture is clear as of Now.

For tomorrow Resistance Lies at 5616 above which we may witness 5680 - 5704 Again. On the contrary Already we have Broken 5580 - hence the Gap at 5532 Awaits . Below 5532 Straight way to 5465 and much Lower levels await.

SL should be Placed on the Terminal and Not in Mind --- This is the need of the Hour.


Jul 25, 2011

Are the Bulls Back


Can we term as Break Out.

As expected above 5667 we got today almost near to 5703 -  5740. As of  now looks like highly OB readings and being at the top we may get a retracement till 5640 - 5615..Still US no out of the woods So Panic too may happen tomorrow.

For tomorrow Resistance lies at 5703 above which 5640 may be achieved on the contrary a move below 5642 may invite panic till 5615- 5606.


As of now Tomorrow we would see the market and take new positions.

SL Hits



SL of 5645 NS Hits


No shorts for Now.

Jul 24, 2011

Just 16 Hours To go

(Reuters) - The U.S. Congress will struggle Sunday to hammer out a deficit deal and assure investors before Asian markets open that America can avert a catastrophic default and hold onto its prized credit rating.

Congressional staff planned to work through the night after President Barack Obama told lawmakers in an emergency White House meeting to find a way to lift the $14.3 trillion (8.76 trillion pounds) limit on U.S. borrowing that would allow the world's largest economy to pay its bills past next year's November election. But new acrimony flared late Saturday on Capitol Hill over that timetable, adding to the difficulties facing negotiators who have been at impasse for weeks over the role of taxes in any deficit reduction plan. An aide to Republican leaders said lawmakers were working on a plan for $3 trillion to $4 trillion in savings over 10 years, but another high-ranking Republican official said no numbers had been set. It was not clear if this package contained additional tax revenue alongside cuts in government spending, as Obama has demanded. Republican leaders want "to show progress" by 4 p.m. EDT (2000 GMT) Sunday, before financial market trading gets under way in Asia, and have legislation to unveil Monday."Congressional leaders are working in good faith with the goal of having something to present to their members on Monday," a second Republican aide said.The United States will run out of funds to service its debt on August 2 if Congress does not approve additional borrowing. Republicans have insisted the White House agree to deep spending cuts for long-term deficit reduction before they approve any increase in America's debt burden.

Negotiations towards that agreement have whipsawed for weeks, finally hitting a brick wall over taxes, one of the most ideologically divisive issues in U.S. politics.A Democratic aide said Republicans were pushing a package that raised the debt limit and cut spending in two steps, while Democrats want a single deal to cover borrowing through 2012.Michael Steel, a spokesman for House of Representatives Speaker John Boehner, the top Republican in Congress, said that "a two-step process is inevitable."Disagreement on that issue prompted Senate Democratic leader Harry Reid to express new disappointment with the process, saying Republican "intransigence" was "pushing us to the brink of a default."Treasury Secretary Timothy Geithner and White House chief of staff Bill Daley were scheduled to speak on several Sunday television news shows to hammer home Obama's argument that a deal must include more revenue from taxes.

TAX DISPUTE


The frantic drive towards a deal over the weekend began after closed-door talks between Obama and Boehner collapsed on Friday.Those talks broke down as Republican leaders balked at a White House plan to raise revenues by $3.5 trillion to $4 trillion over 10 years, complaining it contained $400 billion more in additional tax revenue than they could stomach. Obama, angry at the collapse of negotiations, chided Republicans and warned time had run out to lift the debt limit. The White House kept up the pressure Saturday, urging Congress not to play "reckless political games" and warning against stop-gap measures that fail to tackle the deficit. Boehner must overcome stout resistance from Tea Party movement conservatives in his own party, who adamantly oppose any steps to raise tax revenue. Rating agencies say they will cut America's Triple-A credit rating if the United States fails to meet debt payments, likely triggering global market turmoil. Even if the United States does not default, its rating will be under pressure if Congress fails to tackle long-term deficit reduction.Financial markets are growing more edgy and U.S. banks and businesses are making contingency plans for the possibility of a debt default that would drive up interest rates, sink the dollar and ripple through economies around the world.


Source : Reuters

Jul 22, 2011

Still Not out of the Woods

A Bad Day For Me just to see the SL Hit in Two Trades and Last one Remains.

Owing to the Global Factors Nifty opened positive retraced and after some whipsaws managed to climb again.But really it was a Tiring move above 5600 which does not give me confidence in longs.

For Monday Resistance lies at 5667 and above it Fresh buying may be observed which can take Nifty to 5703 - 5740 also -- On the contrary now for shorts we have to wait for NF to move below 5577.

Its a Trading range between 5502 - 5667 . Trade it .


I am Still short :) :)


Intraday Update




Stay Short Hard SL 5645 ... Target Open

Jul 21, 2011

Still some steam Left

A Dull Day I Can Say.

Bears lack the Conviction and Bulls are in no Hurry.This is what was seen today.

No much to say At present .. For Tomorrow Resistance Lies at 5565 above which a good move may be seen till 5595 - 5605. On the Contrary downside supports exist at 5502 and 5497 below which we may see 5465.


Stay Short and lower the SL to 5565-5570 now.

Jul 20, 2011

Is the Game Over

Rome was not build in a Day.

Yesterdays move may have converted many bears in to bulls. Me too was slightly frightened . But with today's opening I regained confidence in Bears. Yesterday and Today is a Classic case of What the Option Players can do.. Much of the action is happening around 5600 Calls/Puts.

For tomorrow Resistance lies at 5580 - 5595 above which again an up move may be seen till 5625 - 5635 . On the contrary a Move below 5555 ... would invite 5502 - 5497 -5465 at the most. At 5465 or 5497 we have see the market dynamics and its behavior to take any further position.

Lower the SL for shorts to now to 5620NS / 5645NF.

Jul 19, 2011

The Game Starts Now

Traps every where

Today Rally was nothing but just a Game Plan by the option writers. Nothing much than that. It was expected that above 5605 we may see a dull move till 5635-5645 and that happened.

Nothing has changed since a day and you may see the fruits tomorrow. Tomorrow resistance lies at 5656 above which straight way to 5680 -5705. On the contrary below 5615 --- Panic till 5555 - 5535 awaits.


Remain short will Hard SL of 5685 ....

Jul 18, 2011

Look at the Gold Chart --- Will It Glitter

See the chart ---- Bells ringing

Safety First

Today also Perplexed.

The fall today below 5560 lacked the necessary momentum but some relief to bears as we have closed below 5580 today.It was a Boring days but one thing to note that the technical s are in bad shape now. We may witness a Huge volatile rush this expiry.

For tomorrow Resistance lies at 5605 above which again dull move till 5625-5635 may be seen on the contrary a move below today's low more panic awaits till 5502 - 5465 levels.As such the bias is negative.

Panic awaits so wear helmets during Trading Hours

Jul 17, 2011

We Never Know what we Are going To Loose

When I got home that night as my wife served dinner, I held her hand and said, I've got something to tell you. She sat down and ate quietly. Again I observed the hurt in her eyes.

Suddenly I didn't know how to open my mouth. But I had to let her know what I was thinking. I want a divorce. I raised the topic calmly.She didn't seem to be annoyed by my words, instead she asked me softly, why?

I avoided her question. This made her angry. She threw away the chopsticks and shouted at me, you are not a man! That night, we didn't talk to each other. She was weeping. I knew she wanted to find out what had happened to our marriage. But I could hardly give her a satisfactory answer; she had lost my heart to Jane. I didn't love her anymore. I just pitied her!

With a deep sense of guilt, I drafted a divorce agreement which stated that she could own our house, our car, and 30% stake of my company.

She glanced at it and then tore it into pieces. The woman who had spent ten years of her life with me had become a stranger. I felt sorry for her wasted time, resources and energy but I could not take back what I had said for I loved Jane so dearly. Finally she cried loudly in front of me, which was what I had expected to see. To me her cry was actually a kind of release. The idea of divorce which had obsessed me for several weeks seemed to be firmer and clearer now.

The next day, I came back home very late and found her writing something at the table. I didn't have supper but went straight to sleep and fell asleep very fast because I was tired after an eventful day with Jane.

When I woke up, she was still there at the table writing. I just did not care so I turned over and was asleep again.

In the morning she presented her divorce conditions: she didn't want anything from me, but needed a month's notice before the divorce. She requested that in that one month we both struggle to live as normal a life as possible. Her reasons were simple: our son had his exams in a month's time and she didn't want to disrupt him with our broken marriage.

This was agreeable to me. But she had something more, she asked me to recall how I had carried her into out bridal room on our wedding day.

She requested that every day for the month's duration I carry her out of our bedroom to the front door ever morning. I thought she was going crazy. Just to make our last days together bearable I accepted her odd request.

I told Jane about my wife's divorce conditions. . She laughed loudly and thought it was absurd. No matter what tricks she applies, she has to face the divorce, she said scornfully.

My wife and I hadn't had any body contact since my divorce intention was explicitly expressed. So when I carried her out on the first day, we both appeared clumsy. Our son clapped behind us, daddy is holding mommy in his arms. His words brought me a sense of pain. From the bedroom to the sitting room, then to the door, I walked over ten meters with her in my arms. She closed her eyes and said softly; don't tell our son about the divorce. I nodded, feeling somewhat upset. I put her down outsidethe door. She went to wait for the bus to work. I drove alone to the office.

On the second day, both of us acted much more easily. She leaned on my chest. I could smell the fragrance of her blouse. I realized that I hadn't looked at this woman carefully for a long time. I realized she was not young any more. There were fine wrinkles on her face, her hair was graying! Our marriage had taken its toll on her. For a minute I wondered what I had done to her.

On the fourth day, when I lifted her up, I felt a sense of intimacy returning. This was the woman who had given ten years of her life to me.

On the fifth and sixth day, I realized that our sense of intimacy was growing again. I didn't tell Jane about this. It became easier to carry her as the month slipped by. Perhaps the everyday workout made me stronger.

She was choosing what to wear one morning. She tried on quite a few dresses but could not find a suitable one. Then she sighed, all my dresses have grown bigger. I suddenly realized that she had grown so thin, that was the reason why I could carry her more easily.

Suddenly it hit me... she had buried so much pain and bitterness in her heart. Subconsciously I reached out and touched her head.

Our son came in at the moment and said, Dad, it's time to carry mom out. To him, seeing his father carrying his mother out had become an essential part of his life. My wife gestured to our son to come closer and hugged him tightly. I turned my face away because I was afraid I might change my mind at this last minute. I then held her in my arms, walking from the bedroom, through the sitting room, to the hallway. Her hand surrounded my neck softly and naturally. I held her body tightly; it was just like our wedding day.

But her much lighter weight made me sad. On the last day, when I held her in my arms I could hardly move a step. Our son had gone to school. I held her tightly and said, I hadn't noticed that our life lacked intimacy. I drove to office.... jumped out of the car swiftly without locking the door. I was afraid any delay would make me change my mind...I walked upstairs. Jane opened the door and I said to her, Sorry, Jane, I do not want the divorce anymore.

She looked at me, astonished, and then touched my forehead. Do you have a fever? She said. I moved her hand off my head. Sorry, Jane, I said, I won't divorce. My marriage life was boring probably because she and I didn't value the details of our lives, not because we didn't love each other anymore. Now I realize that since I carried her into my home on our wedding day I am supposed to hold her until death do us apart.Jane seemed to suddenly wake up. She gave me a loud slap and then slammed the door and burst into tears. I walked downstairs and drove away.

At the floral shop on the way, I ordered a bouquet of flowers for my wife. The salesgirl asked me what to write on the card. I smiled and wrote, I'll carry you out every morning until death do us apart.

That evening I arrived home, flowers in my hands, a smile on my face, I run up stairs, only to find my wife in the bed - dead.

My wife had been fighting CANCER for months and I was so busy with Jane to even notice. She knew that she would die soon and she wanted to save me from the whatever negative reaction from our son, in case we push thru with the divorce.-- At least, in the eyes of our son--- I'm a loving husband....

The small details of your lives are what really matter in a relationship. It is not the mansion, the car, property, the money in the bank. These create an environment conducive for happiness but cannot give happiness in themselves. So find time to be your spouse's friend and do those little things for each other that build intimacy. Do have a real happy marriage!

Never Miss a chance to Say Your Beloved That "You Really Mean To Say"


Source : The Essence of Life 

Jul 15, 2011

Flumoxxed

A Day Quite confused but still with a Downward Bias

Needless to say today was an inside day and on Monday the inside day breakout will give huge profit on any side. I vote for the inside day to be broken on the downside.

For Monday Resistance lies at 5605 .. Above which a Dull up move may take place till 5625-5635. Buying only above 5645 . On the Contrary Break below 5575 will invite panic till 5502 -5486 - 5465.


Many Global events are being scheduled today so Much will depend on what they have in store for us.


Wish you a Great Weekend... :)

Jul 14, 2011

A Killer Day

On the Rocks with Few Kicks ...

What a Day ...... It is said that volatility increases at the trend reversal levels. The same happened today. Refer to the previous post... All Targets achieved and the up move also halts.Not much to say except that the trend is really bearish.

For Tomorrow Resistance lies at 5605... And below 5545 Steeper Falls Await.


Sitting tight with shorts is the strategy now ... You Never know What Future Holds for you.

Jul 13, 2011

Whipsaws ---- What to do and What not

Bang on Target

Above 5556 It was written that we may touch 5620 - 5640 ... Touched almost near 5600. Well the up move was really a tiring one with just in the last 10 minutes NF manged to move above 5600. This shows that resistances this time are really very strong.

For tomorrow 5625 is the resistance and NF will get sold off from there as per my opinion. On the contrary move above 5625 may induce short covering till 5680.

Tomorrow the first inflation data after the diesel prize hike will be watched for.Today we have moved above 5580 NS and thus there is a possibility that we may touch 5650-5660 tomorrow.

Still the Trend is bearish and dont get whipsawed by the relief rally. Targets open for 5465 -5430.

Jul 12, 2011

The Tussle get Resolved

A Day credited to bears.

Much of the sell-off seen today was because of the Europe Sell off. Below 5605 the visible target of 5556 got achieved and the panic continued.The closing session rally was just intraday profit booking of Shorts and nothing Else.

For tomorrow the Weakness would continue till 5465 -5430 at most.5465 is the area from where i am looking for a decent bounce -- Confirmation yet to be checked tomorrow. On the contrary Above 5556 The rally may continue till 5620-5640. Remote chances Exist though.Also note that if 5465 doesn't Hold then we would land at 5380 on dot.

Today with a closing below 5556 We are in a bear trend as such till we do not close above 5605 Now.

Staying with trend is Prudent Now.

Jul 11, 2011

Momentum is Waning

A Neutral Day though slight downward bias.

Why I call a neutral day cz after the failed break out we are still stuck in the same range of 5605-5705. Break of 5705 Lead to 5605 .... but below 5605 the fall which was expected did not culminate. The momentum is not visible in the fall.

For tomorrow The Resistance lies at 5630 - 5640 where again shorting can be done with a small SL. A Move above 5645 NF may lead to 5680 - 5695 though chances are remote. On the contrary a break below 5605 would lead to 5556. At 5556 One can buy with a small SL of 10-20 Point as this will be a low risk high reward trade.

Keep in The trend is still bearish till we don't close above 5920.

Jul 10, 2011

After A Long time

There cant be any excuses for a prolonged absence and failure.

So is true for me ... Cant give any excuses for this absence...and Sorry will not Work.

Coming to the point Nifty is really a tiring business since that last 3 months with bearish till mid of month and then rally for expiry.Will July be the Same.

On Friday NF got sold off from 200 SMA. Hence we have to respect the level.It broke below 5705 thus Targeting 5616 - 5605 on Monday. A break below 5605 will only bring panic till 5556-5545.

For Monday buying is suggested near 5605-5616 Level For an immediate target of 5680.One may Sell near 5705 too with a small SL.

Over all the trend is still bearish till we do not scale and close above 5920.Next week we may get 5490 where a good buying opportunity exists with a SL of 5445.


Stay with the trend and currently it is buy at supports and sell at resistances and play the 60-80 points game.

May 1, 2011

Monday Blues

Remarkable end to April ...


Seems like we are on the Cusp of a Sell off ... On friday we have seen without any bounces Nifty Manged a Good Neagative Bias. The recovery that we saw in the end was just the intraday covering of short owing to the range bound nature of market at present.


For tomorrow resistance lies at 5767 NF Above which we may see 5816 . Bullishness only above 5816 for target of 5885. On the contrary Below 5750 we may see 5680 - 5640. At 5640 A short term bounce may happen where we can buy with small SL of 20 points. This may be a Low risk high reward Trade.Vice versa Close below 5640 may invite all round panic till 5400 - 4800. Also May be below 5640 the Dreaded 5th Wave may take its toll on market.

All in All the Next week too i see the range between 5640 - 5890.


Stay Short only .....

Apr 28, 2011

EOD Update April 28 2011

A Really Sucking Expiry ..


Did not expect expiry to be such a dry one . Today the expiry again puts quesiton mark on the mendacity of bulls.Let may Be a Bear Month.


For tomorrow Resistance lies at 5820 above which we may visit 5840-5860.Contrary Below 5876 Panic awaits till 5720 - 5680.


Staying short is Apt Now..... Sell on Rises till NF dosent close above 5920.

Apr 27, 2011

EOd Update April 27 2011

Range contraction .... Powerful moves ahead.


Today too NF resisted at the channel top and drifted in the negative territory.

For tomorrow resistance lies at 5860 and again above it me may see a quick dash to 5920. Contrary below 5820 we may see 5720.


I expect expiry in the range of 5720 - 5740.

Apr 26, 2011

EOD Update April 26 2011

A traders Regime.


After a south wards journey NF managed to scale a high . Bearishness still Prevails. As such Remain Short with SL of 6044.


For tomorrow resistance lies at 5920 above which a quick dash to 5946 and sustained move above 5946 would lead to 6044 - 6090 NF.Contrary Below 5840 again a down move to 5780 -5720 would be seen.


The political picture is still uncertain hence reamin short only.

Apr 25, 2011

EOD Update April 25 2011

Bearishness Today....

For tomorrow resistance lies at 5915 above which we would visit 5950 5985 . Contrary below 5865 gates are open for 5780 5720.

Remain short SL 6044.

Apr 24, 2011

Hu Friends

Hello Friends


Just got A Call Form HO for a meeting so will not be available tomorrow.


Wish you a Happy Trading and Yes Reamain Short With Sl of 6044 NS.

Welcome Mon Day

Welcome Monday with a Gap Down......

Well i expect a Gap down opening on Monday followed By a Sell off ... To me it it looks like a Abandoned Baby as such.

For Monday the Resistance lies at 5950 above which we may get 6000-6044. I would suggest shorting at 5950 with a small SL for targets of 5880 - 5816. On the contrary a drift below 5880 ould take NF to 5816.

Still Stay short and Rollover all your hsorts and puts to May as we are in a bear maket that every on is going to remember for their life time.

Apr 20, 2011

EOD Update April 20 2011

Today Also the same sequence as happened before TCS Result.


Today it was mentioned that above 5785 it would be quick dash to 5840-5870 . It happened too after some minor hiccups.Well Today's move was much labored one. So i would not term it as bullish one. Much depends on the TCS results tomorrow.


For tomorrow resistance lies at 5895 above which again we would see 5950. On the contrary support lies at 5840 below which we may see 5770 - 5730.


Still Stay Short and Buy the supports and short the resistance to recoup the losses.

Apr 19, 2011

EOD Update April 19 2011

Resistance all the way ........

Today also selling at the top was observed. NF was not able to clear the earlier support of 5785 now a resistance.Bears Are slowly gaining power as such


For tomorrow Resistance lies at 5785 above it a quick dash to 5840-5870. Below 5705 panic will  be observed in market till 5680-5630.

Stay Short....

Apr 18, 2011

EOD Update April 18 2011

Its 18th and the Liquidation Starts after the truncated week.


What a Marvelous day today above 5860 quick 50 points and again below 5780 quick 60 points. Who says we Cant earn intraday. But the rule of the game is Play With levels. Though holding 5700 puts i missed the entire action as BSNL has become a white elephant at my office.Hope so the Connectivity issues get resolved by tomorrow as i don't want to miss the action.Bearishness is confirmed today though NS closed above 200 SMA. Also NS has closed below last weeks panic low. So much to come in the next 3 days.


For tomorrow Resistance lies at 5755 above which a quick dash to 5785. On the contrary below 5720 We can see panic till 5680 - 5625.


Stay short and Stay Safe.



Apr 15, 2011

EOD Update April 15 2011

A powerful Blow to the Bull....&... Also quick gains today by selling at the resistance.


As expected NF rallied the day before yesterday owing to the Infy Expectation.And today the Result was out and Infy dropped like a pack of cards. With the Result season kicked by Infosys we have got a glimpse of the earnings season. I expect earning to be downgraded and thus the market may too fall aggressively owing to the results.


For Monday Resistance lies at 5860 above which again a dash to 5920-5925. On the contrary Support lies at 5820 and below it we would get 5750.


On the options side today i have watched Buying in 5100-5200 PUT April Series. It cannot be selling as just 9 days to go for expiry and such far puts cannot be written. Even the big players know that in almost 700 point far puts there's no meaning in writing. Thus the Assumption that this is buying. Something Big is waiting for us next week.


Still Reamin Short only.

Apr 13, 2011

EOD Update April 13 2011

Surprising Rally .........

Didn't expected much above 5840 -5870 NF . It turned out to be wonderful day for the Bulls with closing at the high of the day.The entire fall of the last week retraced in just one day. Today's Rally may be much owing to the Expectation of Infy Results. I expect flat opening on Friday followed by a down move.--- "Buy the Rumor and Sell the News --- I expect the Friday Sellers to attack in full force--".


For Friday the Resistance lies at 5960 NF again Above which dash to 6035. On the contrary Below 5880 again a revisit to 5812 - 5788 may be there.

Still Remain short as from 18th onwards you would love the Ruthlessness of Bears.

Apr 11, 2011

EOD Update April 11 2011

The Weakness Visible.

Its just a matter of time before we land up in the Land of Bears. 


As such resistance lies at 5840 and 5870 NF above which some bullishness may be there. On the contrary. Below 5780 We would definitely visit 5720 - 5680.


Remain short in the market.All that is needed is just a trigger to fall down.

Apr 10, 2011

Markets Next Week

A doji on the weekly chart.....

NF wasn't able to close above 5950 this week. And as such slowly NF is becoming weak.Last week was much of a Volume less Week with very tight range bound movements. With only 3 days next week i expect NF to oscillate in the same range with major breakout/breakdown only after 18th of this month.

As of now Looks like we are heading towards 4600 by May end.


Still Reamin short in Market.

Apr 5, 2011

EOD Update April 5 2011

Today was Quick Cash day .... Hope you had your share !!!

Today also NF resisted in the morning and gave almost 65 points on the short side. The closing rise was just because of the intraday shorters covering their position and nothing else. 

For tomorrow too resistance lies at 5960 above which we have 6022 where selling can be initiated. Below 5870 the fall may accelerate to 5815 and much lower.

Stay Short Stay Safe.

Note : I will be out of trading for the rest of the week due to some professional obligations and training. Wish you a happy Trading.

Apr 4, 2011

EOD Update April 4 2011

On dot ....

Well Above 5880 NF the target was 5920-5950 . Today Almost it is done. 

The much talked of resistance level is achieved today.So the strategy tomorrow should be to short at the opening bell for quick Gains.


For tomorrow Below 5880 We can see a panic till 5815 and 5760 . As such time is still ripe to add shorts at major resistance level.Above 5960 we will be in an uncharted terriroty again and may or may not move higher. It can be a False Break out too. Look For volumes and other indicatiors before going long above 5960.

Apr 3, 2011

Welcome Monday

Fizzle .....

Is the Rally fizzling out or still we are heading for new highs. The blue channels are now active with targets of 6300 6700 7200 NF. Well is it going to happen. I feel This is nothing but a sucker bear market rally & we will come to know soon.

For tomorrow 5880 is the resistance and above it we may see 5920-5950 NF. Below 5880 support lies at 5825 and below 5825 we would visit 5760. As such time is still ripe and hence start adding shorts at every resistance. 

You never know which fall will make you lift.

Mar 31, 2011

Financial Year Ending

Much of the Money has been lost in waiting for correction rather than corrections itself.

Quite apt for me at this point . I am shaken an stirred this March though not fully. "Thodi Jaan Abhi Baki Hai yaaron". Still some Hopes left . May be April would oblige me.Though said by many experts that Trade with Levels and Not with Hope.But the Human tendency again. Comming to the Markets today the window dressing is over and looking to today's movement Bear have striked back with vengeance.NF oscillation between Premium Discount Premium Discount. The Game has been already played Not to mention that the 45 points premium in April futures is really worrying. Tomorrow The Same would also come to normal.



For tomorrow Too Sell at the peaks . As the Year has ended as per the Finance Dictum and We would see a 150-200 point fall Tomorrow. Dont feel to Keep a SL But still it can be kept at 5940+0.3% Filter.

Mar 30, 2011

EOD Update March 30 2011

"The TONGUE weights practically nothing" but....... "a very few people can HOLD it"
Well just one day for expiry. Till now it has been Max pain to the bears . Not to mention that the rally was a result of window dressing only. Tomorrow the possible range for me is 5680-5820 NF. Trade it.
April 1st we may see a huge fall once the expiry is over.

Mar 29, 2011

EOD Update March 29 2011

In simple words this was the state of My Mind looking to today's Rally ..


Above 5720 We had almost 60 points in NF but the move was so much tiring that I personally was on the wrong side today.It looks like a total trap as of Now.

For tomorrow 5760 is the resistance and above it we can see 5820. On the contrary below 5680 we would visit 5640 - 5595 - 5550.

Still 2 days top go Can we Expect a 300 Point Fall ????


Mar 28, 2011

EOD Update March 28 2011

Are The bulls Exhausted ....... 

Why such a Lethargic Move between 200 DMA and  200 SMA.Technically it should have been today only.Why taking So much time. Looks like a The Lull Before the Storm.Can't Say Much but looking to the 5700 CA OI  Looks like. Better to Say Market is Supreme.But now its time to Play with Strict SL on both the sides.I Mean 5720 for shorts and 5640 for Longs on EOD Basis.




For Tomorrow 5730 is the Resistance and Selling Point Above which we can see a Single Print Move till 5820.Below 5660 - 5640 Carnage till 5590 - 5545 - 5500 awaits in the market.

Still I feel Expiry to be around 5460 on Thurday and April 1st we may see a brutal carnage in the market.

Mar 26, 2011

Every Thing to learn From the People of JAPAN

An Excellent Write up Really

1. THE CALM : Not a single visual of chest-beating or wild grief. Sorrow itself has been elevated.

2. THE DIGNITY: Disciplined queues for water and groceries. Not a rough word or a crude gesture.

3. THE ABILITY: The incredible architects, for instance. Buildings swayed but didn't fall. 

4. THE GRACE: People bought only what they needed for the present, so everybody could get something. 

5. THE ORDER: No looting in shops. No honking and no overtaking on the roads. Just understanding. 

6. THE SACRIFICE: Fifty workers stayed back to pump sea water in the N-reactors. How will they ever be repaid? 

7. THE TENDERNESS: Restaurants cut prices. An unguarded ATM is left alone. The strong cared for the weak. 

8. THE TRAINING: The old and the children, everyone knew exactly what to do. And they did just that. 

9. THE MEDIA: They showed magnificent restraint in the bulletins. No silly reporters. Only calm reportage.

10. THE CONSCIENCE: When the power went off in a store, people put things back on the shelves and left quietly


Well that's the Reason Behind the success of JAPAN 


Source : Unknown

Mar 25, 2011

EOD UPDATE March 25 2011

Remarkable Day ... and a Trend day too ....

Could not enjoy much as the bias was bearish and just waited to trigger the Positional SL for NF. Many things have changed since today. Is it Euphoria or Nostalgia Would be confirmed next week only.As such we have broken 5620 on the upside and today only have seen a 70 points move above it.



For Monday the Resistance Lies at 5695 above which again we would be seeing 5720 and 5780 as such.Looking to the extremely overbought situation we may retrace and the kind of retracement would tell us that the upside break out was a fake out or shake out. On the contrary support comes at 5650 as such an below it 5510 NF and 5460 NF.I expect NF to retrace to 5460 till expiry.

Remember the Gaps have to be filledbut when only the market Knows ????

Mar 24, 2011

Trajectory For NF

Below is the possible trajectory for those who are incurring losses in March Puts.

As such My quantity will be 6 lots to play. Those who have less risk appetite can play in 2 lots of NF

Go Short below 5553. Stop loss 5559. Target 1 is 5526.65.
Go Short below 5543. Stop loss 5559. Target 2 is 5522.15.

Also Above 5560 Go long for Target of 5585 - 5620.
Also Below 5520 Go short for Target of 5500 - 5480. 

Wave A      5553.45 - 5526.65
Wave B      5526.65 - 5543.21
Wave C      5543.21 - 5522.15

Wave 1      5510.10 - 5526.65
Wave 2      5526.65 - 5516.42
Wave 3      5516.42 - 5537.49
Wave 4      5537.49 - 5524.44
Wave 5      5524.44 - 5551.23 


Also If we Open Gap Up around 5600-5580. Go short with sl of 5630 for target of 5555 and again buy at 5555.

Kindly note that this based on pure Mechanical system So Traders are advised to  look at other indicators also.
  

EOD Update March 24 2011

Is is a short term reversal or March Euphoria.

Today NF has managed to close above all the resistances. Also NF has closed above 5531 hence implied bullishness. Tomorrow's Action would confirm the short term bullishness.



For tomorrow the last hurdle is at 5577 NF Above Which 5620 is the target. Below 5508 NF we would visit 5480 - 5460 NF.Till now we are in a broad Range of 5620-5370 and the break down level comes to 5460 NF. I expect a High volatility Tomorrow.

Those Who are having losses in puts can buy equal amount of NF at the supports and Sell at the Resistance to lock in the loss incurred due to puts.Lot size may vary according to Risk appetite but i would suggest a minimum of two lots of NF to trade.I would be posting the Trajectory to trade after 6 PM in the next post.


Mar 23, 2011

"Doubt is not an agreeable condition, but certainty is surely an absurd one."
This is what is happening now. After the Morning Storm.Things Got settled at the Peak.Much of the short covering happened today.Is the bearishness over or still we would see 5350 - 5357 ???.
For tomorrow Keep 5530-5540 as strict SL for intraday shorts.As such we are near the channel top so shorting can be done for quick gains.On the contrary now much bearishness will be visible on close below 5440 NF.
For positional shorts also keep a SL of 5531 or 5620.