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.

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.

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.

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.

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.

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.

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....

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.

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.

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.

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.

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.

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.

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.

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.