Lame Walk

The Title because .. The Fall was not of the kind the the bears would love.

Looked Like as if It was Just Testing the Strength of the Golden Cross.Would still give the Benefit of Doubt. We have again closed below 5200 ... Targets still open for 5050 but with caution around 5157.

On may go long between 5050 - 5157 if it comes for a decent bounce till 5287 - 5386 .

As such till we don't close above 5267 its a sell .

Tomorrow is Expiry and we can fore-go technical's for a day.

Range for tomorrow is 5157 +/- 20 points to 5287 +/- 20 points.

Chalte Chalte

Play Small - Play Safe - Be Safe :)

Confusions

So was the Day ... +++ / - - - ... + - + ... - + - ... Ohoooo so much confusion

Volatility cant be best than this ... Has the Rollover Happened . . Well looks like So.

For tomorrow above 5267 don't remain short  as we can have a Dash to 5330. On the Contrary
If not able to move above 5267 Still targets are open for 5070 and lower.

A bit of Caution will be required at 5157 and see how market behaves there.

Still Two Days to Go ... Game is not over Yet.

Chalte Chalte

If the World is Round then why the Corners Exist.

Affirmation's & Assertion's

P-Notes or Pea-nuts

Technical Supremacy Rules - Markets Keep on Evolving Every Day - Darwin was able to spot it Quite Early Have We been successful ?????

Nifty is Again Knocking at the doors of the Golden Cross.Will it be failed attempt ???? Well the Structure has not changed much . This bias is Still Bullish but hampered by the News Flows . Today with a close below 5200 NS Logical Targets are 5070 - 4933.

Of Course a Sweet Bounce cannot be ruled out till 5221 - 5265 -- Only to Hammer it down.

The News Flow is Rampant So Stay tight with SL.

At least for the time being "Don't Buy the Dips - Just Sell the Bounces"

Just Three days for Expiry -- Volatility will be in the Air -- Wished Love was too in the Air.

Chalte Chalte


Allah Jane Kya Hoga Aage :)

Back to the Basics

Could Not find an Apt Title ... so have Scribbled What cane to My Mind.

Sensibly Irresponsible --- If the Life was then it was Fine . Well have been away since looong .. and apologies for that ---- .Was Stuck up in a Vacuum and Professional Responsibilities.Of Course as a Perennial Bear the Last few months have been rewarding a lot ... "But There are Some Things That Money Can't buy" -- Replications Allowed .

I went through the comments Section and was really obliged.. Thanks to you all for that.

It is humble from side of Mynac that he too reads as He himself is a TA master and OI master.

Will be soon on regular basis by mid of April.

Ending my Note here some thing for Market


Keep SL of 5157 NS on closing basis for all Longs -- Contrary SL of 5467 NS for all shorts. We are at present trading in a Range so Utilize it .. Mind it Below 5157 --- EOD -- Bears will Punch Hard till 5070 - 4817 too .. Not to worry we will get the indications . Above 5467 -- Its a Bull -- A ferocious Bull .. Targets later on but above it we will be heading for a multi year rally.


Also not to mention US is taking out money from secured deposits and again dumping into the riskier assets that itself will be a great news for bulls - Caveat -- "Crippling Indian Policies can hamper the Mood" .


Would meet you all soon on Regular Basis ...

Till Then Ameeen !!!!!!!!