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.

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 .

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.

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..."

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"

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

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.



 

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.

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.

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.

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

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.

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.

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

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 !!! :)

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.

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.

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.

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.

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