Signs of Reversal

NS looking exhausted completely.

May be cz of expiry tomorrow - Tremors to be felt.

Its a Brokers market at present . Clarity will be after the expiry .

Lets wait for tomorrow close as it is weekly/monthy/yearly close.

Have a Great Day ! !

Nothing to do

Now a Days not trading is the best thing to gain profits .

It has been an option writers market. Nothing changes as such . Tomorrow too short near the open and cover with small profits .

Sell with Sl of 7980 targets remain the same . Over all its buy on dips .

Have a Great Day ! !

Exhaustion sets in

Laboured upmove after the gap up .

As of now to me looks like exhaustion - For tomorrow one may try shorting at the open
with a SL of 7980 NS --- 7810 - 7780 NS expected.

Also expecting a Gap Down tomorrow.

Shorts only for intraday --- Lest it is buy on dips as such.

Have a Great Day ! 

Direction Less Market

Well owing to a great weekend dry volumes and direction less market has taken a toll on traders.

The rally looks like has no steam left and vice versa the sellers are also absent.

Buy with SL of 7760 and Sell with SL of  7980.

Play range - range .

Merry Christmas and have a Great Weekend ! !

Up and Down

One day up and One day Down .

Boring state of market with just the first half hour and the last half hour movements.

Well buying the dips is working well .

For tomorrow look for resistance near 7880 NS or 7920 NS and brutally short with SL of
7980 NS . Targets on the down side are 7780 -7760 -7740 NS .

Over all its buy the dips but the risk reward is favoring shorts now.

Lets play Range Range till the direction gets resolved.

Have a Great Day ! ! 

The Rise and Fall

As expected NS faced resistance at the supply line and fell sharply .

Nothing more to add with SL of 7760 NS Buy the Dips. . 

Don't remain long below 7760 - - Instead Below 7760 NS short with Sl of 7880 NS.

Have a great Day ! !

What Next

Well the bounce happened and panic buyers would have earned huge.

For tomorrow look for resistance near 7880 - 7920 for small shorts just for intraday . On the contrary break below 7790 would invite 7730 and lower levels till 7690 .

Buy on dips ! !

Have a Great Day ! !

Finally Trend Assertion

Well As expected the Weekly trend asserted .

Till we Don't close below 7730 - 7695 . Buy the dips -- Only one thing is bothering that 7500 PE OI has reduced on Friday and 8000 CE OI has increased .

As per OI 7500 may break soon . Owing to reduced activity if  FII looks bizarre as of now .  For Monday look for buying the panic between 7690 and 7730 NS for immediate bounce.

Have a Great Weekend ! !

Will the Weekly trend assert

What a Rally . Rock and Roll .

The market has immediately become buy on dips SL 7720 NS and it will increase as days go.

Look a the chart below --- Tomorrow we may face stiff resistance near 7880 - 7915 NS . Try shorting with small SL for intraday - Position ally  its a buy till we don't close below 7695 NS

Have a Great Day ! !

Rock and Roll

A picture is worth thousand words .

Though NS rallied there was no follow through Buying .

Let the Market open tomorrow till then keep Guessing ! !

Great Days Ahead

Global Markets are dancing at the fed tune . Time to be cautious with over night position for 2 days.

Too many buy signals today - - Prices are hinting that not rate hike lest market is supreme .

Stay cautious and better no positions --- Cash is King .

On the short side SunPharma/Cipla is short and on the long side Adani Ports is Buy.

Be specific ! !

Have a Great Day ! !

Traps all the Way

Dont get swayed away by the Rally today . 

Not able to close above 7691 . . See the chart . . NS need to touch 7540 if this rally has any strength else new lows in contention .

Start SIP in Nifty Bess and Bank Bees .

Have a Great Day ! 

Capitulation Ahead

Sorry Folks Could not get Time to Update cz of personal Obligations

Look at the two charts Below . Both are self  Explanatory

Still more down side pending . May be 7100 -7200 . 

Start accumulation Nifty Bees and Bank Nifty Bees slowly

Short Again

Well busy now a days - As such its short .

Expecting 7760 -7720 -7680 by expiry. SL 7940 NS.

Have a Great Day ! !

Cat On the Wall

Between 7835 and 7870 -- Confusions Galore .

As such Weekly closing is below 7870 and inverted Hammer today.

Short the Rallies and Short More below 7835 . All NS levels. Remember this time if we move downwards then 7614 is the target.

Have a Great Weekend ! !

History Repeat's

Nothing More to add - Reminds me of the year 2008 .

100+ then 100- then again 100+ . Volatility at the best . And VIX is down . Tomorrow the weekly trend that is negative may assert .

Short the Rallies . .

Have a Great Day ! !

Resolved

Finally NS Resisted and Fell Sharply.

The pause is over and the next round of selling  Begins . Look for support around 7714 NS . If not protected then 7614 - 7540 in contention .

Sell on Rallies .

Have a Great Day ! !

More Confirmation Needed

Already the Rally is two days old .

Tomorrow has to be a deciding day . Expecting mild negative day tomorrow .

Short with Today's high as SL . Targets come around 7780 -7760 NS .

Have a Great Day ! !

On Expected Lines

As Expected 7735 got protected and we got 7825 .

But on EOD basis NS failed to close above 7825 NS .

Sell on Rallies - Again a Retest of 7720 and even 7640 is possible.

Have a Great Day ! !

Signs of Reversal

Well 7735 Protected as of Now,

Looks like we are heading for 8065 as of Now . Let 7771 and  7825 Sustain and we would see 8065 and 8225 Gain . Remember to short again near 8225 - 8330 levels for the jack pot of life SL 8330 NS .

Have a Great Weekend

I will not be available on daily basis atleast for Decemeber - - As of now December is Extremely bearish  .. Look for shorting on rallies ... Target comes around 7200 -7400 ! !

When Ally Met Sally

Well Its like the Bull Met Bear.

Yesterday's Rise Retraced Fully --- Looks like Bears are in Full Contrlol

Stay Short Stay Bless -- Nearest target is 7720 - 7680 SL comes at 7880 NS.

Have a Great Weekend ! !

Also Wishing u All Great Diwali and a Prosperous New Year ! !

Its Different

Well after the Knee Jerk Reaction NS managed to closed above 7900 but Below 7940 NS .

May be Diwali Sentiment could prevail for a day or Two and we may even bounce till 7940 -7980 - 8040 -8080 .Though Remote.

Remain short with SL of 7940 or 8040 NS. Targets come near 7400 - 7200 .

Have a Great Day ! ! and Happy Dhan'teras Too ! !

Big Event Ahead

Well Bihar Results on Sunday ! !

Looking to the price movement till now - The week closed below 7980 - The obvious target comes around odd 7600 - 7400 -7200 levels. No expecting any big moves on Monday except a fall in VIX drastically .

As of now i am expecting a relief rally may be till 8090 NS and then the start of the Fall.

This is just my opinion lest it is short on rallies only even on Monday too .

Let Hope be my Travelling Companion ! !

Have a Great Day ! !

Atlast

Well 7940 NS Bang on target +/- 5-10 points can be forgone.

Today we closed below 7980 NS . Its a Sell on Rise only . As such targets are much lower . I covered all my positions today as 7940 is a crucial level again . Tomorrow expecting a Bounce or gap up opening .

Possibly buy the dips tomorrow with small SL for bounces .

Over all its short but just for intraday tomorrow buy the declines.

Have a Great Day ! !

Easy Trade

Today it was an easy trade with shorts at the open .

Remain short and Lower SL to Strictly 8140 NS EOD. The reason being we are at crucial support levels and if you get tomorrow 7980 - 7940 NS - Book Fully and Wait for EOD confirmation to close below 7980 NS .

Have a Great Day ! !

Getting Sold Off

Every Rise is getting sold Off.

Not that VIX is elevated and will remain so till the big even gets over . Was expecting 8120 in NS but in vain. Its implied weakness in market.

Remain Short - Target and SL as mentioned earlier .

Have a Great Day ! !

Taking Support at Critical Levels

Well NS is Taking support at the Critical Level of 7980 - 8020 NS .

Nothing has changed as such till the larger trend favours Selling.

Any Bounces may get limited to 8120 - 8140 NS .

Sell on Rises .

Have a Great Day ! !

Chalo Sell Karein

8070 NS on dot  ---- My trade gets over here .

Don't want to Spoil the weekend . Will take a Fresh look on Monday .

Positional its a short and got confirmed with a close below 8070 NS . Targets are 7980 - 7880 NS

Lower the SL to 8140 - 8180 or 8225 NS . Choice is your's but remain short .

Have a Great Weekend ! !

Expiry had all the fun

Well 8080 NS got shy by a whisker - - A short created at 8330 NS would have yielded almost 200 points.

The entire game got finished in just two day. Tomorrow expecting a bounce from 8070 - 8060 NS or above 8090 NS for targets of 8180 - 8225 NS as such . Shorts can be created near these levels with SL of 8330 NS . On the contrary below 8070 another leg down til 7980 - 7880 NS awaits.

Lets go Step by Step .

Remain Short .

Have a Great Day ! !

Confirmation as of Now

Well 8170 and more on dot --- waiting for 8080 - 8070 NS.

Today was a sell without any whipsaws . Those sitting tight might have minted money. As of now it a sure sell . Tomorrow is expiry so whipsaws may be there owing to OI .

Lest Stay Short with SL of 8330 NS.

Have a Great Day ! !

Testing Patience

The Above Picture reflects the state of Market Today.

Remain short With SL 8330 NS . Just two day's of expiry so Whipsaws may be there . Remain brutal with SL.

Have a Great Day ! !

Nothing Else to Say

Nothing Else to Say ---  The Picture speaks a Thousand Words.

SL remains the same immediate targets come around 8170 - 8075 NS.

Remain short

Have a Great Day ! !

Stalled Again

Today Too NS stalled at the last resistance of  8330 .

Half hourly close was below it . . Still it's a Sell Either below 8240 NS or near 8300 + +. Would not suggest buying at this juncture

Still I am bearish only .

Have a Great Weekend & Moharram Wishes too ! !

Another Dull Day

Volumes have been decreasing on Rises and increasing on declines.

Today too we closed negative . Still its a range bound market . No change in Levels .

On the personal Front i am bearish .

Happy Dusshera and a Great Day Too ! !

NS Stalling Again

Today was the first sign of weakness observed in NS .

Small trade setups paid today . Look for break of 8247 NS tomorrow to short again.

Those who have shorted near 8280 NS may keep SL of 8310 - 8330 NS - Targets are 8180 NS . Only Below 8180 NS the fall would accelerate.

Have a Great Day ! !

Laboured Upmove

Nothing much to add as nifty is doing nothing expect time pass .

Look for shorting near 8280 - 8310 or below 8190 NS . Also one may buy near 8240 or 8190 NS.

Small trade setups are active at present . So play accordingly .

Personally I am a bit bearish as of now.

Have a Great Day ! !

The Last Bear Sucked

Well that's the beauty of  market ,

Today NS was not able to break 8141 and after the initial hiccups it staged a beautiful rally . The rally was accompanied by volumes too . Though NS rallied still i am confused on the state of market . Attaching today's intra-chart 5 minutes and the same the self explanatory .Look at the RSI and the rise of the last hour looks more like a rising wedge .

For Monday  - - If u can risk then short brutally at the open with SL of 8320 - - This trade is only for that players who wish to play intraday lest  we break 8180 NS now no shorts can be thought of.

Currently In my opinion i am seeing the last bear god sucked today and i am expecting a good retracement very soon .

On the personal front I have brutally shorted NS at EOD and will add more if we open gap up . At present the Risk Reward Favors the shorts.

Have a Great Day .

NS Stalls at 8200

Today SL got hit by Whisker at 8180 NS - 

As of now its a confusing state . Lets wait for confirmation . On the personal front today after so may attempts NS was not able to scale the Psychological level of 8200 . My Bias is on the Short Side but would like to go for a confirmation below 8140 NS - Half hourly close.

Have a Great Day ! !

Soon to Get Resolved

Well its a flummoxed state of markets.

Volumes are getting drier day by day and the range is also getting narrowed . Looking to VIX looks like it may take the support at the lower trend line and any time a big move awaits in NS.

Stay short with SL of 8180 NS at least 8030 -7980 is in contention.

Have a Great Day ! !

More to Come

Nothing more add today as after the initial morning high NS has not able to scale the same .

For tomorrow look for break of 8080 NS to initiate short and on the contrary  Buy only above 8180 NS . Those who have shorted at higher levels may lower the SL to 8180 NS.

Have a Great Day ! !

Final's Tomorrow

Negative divergence played well today.

Since the last tow days NS is getting sold off from 8228 NS odd levels. We would get the final confirmation tomorrow as where we are heading.

On the personal front expecting 8030 NS tomorrow and max 7980 -- Below 7980 NS only God Save the Market. It would be prudent to cover shorts between 7980 - 8030 NS and wait for the next confirmation.

Stay short with SL of 8228 NS.

Have a Great Day ! !

Topping Out

Well today too NS resisted at 8228 and fell sharply.

The Rally from the lows was just intraday shorts getting covered . Looks like  Top is in and we are heading for some correction . Only the intensity of correction will have clues how far NS will go.

Remain short till we don't close above 8228 NS targets are 8030 - 7980 -7880 - 7820.

Have a great Weekend ! !

Friday trade

Good Morning Friends  

For today a Quick dash to 8228 - 8236 - 8258 NS cannot be ruled out . Try to Accumulate shorts at the level mentioned with SL of 8320 NS.

Happy Trading.

Visible Weakness

Well the market is doing nothing except time pass.

The trend is up as such but weakness is slowly creeping in . Till we Don't Cross 8228 NS Sell the rallies . Above 8228 NS there may be a quick reaction to 8256 - 8289 but looks difficult that it will sustain.

Expecting 8030 Tomorrow - Lest market is supreme.

Have a Great Day .

Resisting at the Supply Zone

A Dull day day today as NS tried hard to scale the resistance but in vain.

For tomorrow look for ORB to initiate a Trade . Above 8228 NS Sky is the limit and till we do not scale 8228 NS chances are full that we land deep in red.

Please not this will be a minor correction only as of now lest lets see how the correction follows.

Have a Great Day ! !

Correction is Due

8228 NS - the Barrier

Well today after the open NS scaled down lower just to get bought again . For me looks like a small correction is due and magnitude of it will decide the trend . As of now 8228 NS remains as the resistance and we need see how NS behaves there .

Still it is buy on dips only - - For tomorrow look for Buying above 8160 NS for targets of 8228 NS . On the contrary sell Below 8120 NS for targets of 8070 - 8030 NS .

It is buy on dips till you get stopped out.

Have a Great Day ! !

Its time to Sit Tight

Money is made only by sitting tight and now its time to sit tight.

Above 8030 NS - 8140 NS was expected and it obliged. Looks like the the powerful wave on the upside has just begun . Diwali fireworks are simply creeping in.

Well for tomorrow since we have closed above 8100 NS any gap up open would invite heavy short covering and 8228 would be in contention . For the next up move we need to close above 8228 NS. Some reaction is expected near 8228 NS but not the extreme ones. All confusion have been cleared and we are heading for All Time High very soon . Keep trailing your SL and just sit tight with this winning position till u can.

Buy the dips for targets 8700 ++ 

Have a Great Day ! !

So many Theories

As said too many cooks spoil the broth.

As expected on Thursday shorts created near 8030 yielded good return. A few of my friends  asked me a lot that why i have turned supper bullish and just advocating buy the dips . Well all I would say is that currently so many theories are going on in market place ending diagonal / leading diagonal / diametric formation / inverse head an shoulder . Above all the current wave is a deceptive one you buy your SL gets trigerred and You sell your SL gets trigerred . I such cases the only thing left is either buy the dips or sell the highs . An if we closely look at the market movement since the last 1 months the dip buyers have benefited a lot as said bear market rallies are ferocious . In such cased we have to take a stand and the current structure is pointing to all time high soon before the great fall till 6700 and even 6500 odd levels .

Coming back to markets 7880 NS has been scaled and we need to close above 8030 for the confirmation . For Monday look for half hour close above 8030 for targets of 8140 - 8180 -8228 NS.  on the contrary a half hourly close below 7970 NS would invite 7880 - 7820 where again dip buying cane be done.

Still it is buy the dips only  Tagets 8700++.

Have a Great Weekend ! !

Finally We have A Trade

7880 NS the inflection point .

Well today above 7880 NS NS scaled the expected levels the range as of now got resolved on the upside . For tomorrow we may get 8030 and above it 8228 is in contention . On the contrary a small short can be created near 8030 NS with a small SL . Note that the this would be the last downside if any and its only for intraday .

Position-ally its a Buy for targets 8700++.

Have a Great Day !

Unresolved

7760 - 7880 Still the Range

The rate cut today failed to cheer the bulls and bears both. Nothing more to add as we are still in the same range and a powerful move is round the corner . The dip buyers got benefited today . Short did not get active as it was a Gap down.

Still it is buy on dips only targets 8700 + .

Have a Great Day ! !

Nervousness

7880 - The great wall of China .

Every time 7880 gets visited and bears become active. Today too after the morning up move not even a single time NS was able to scale 7880 NS . The buy in the morning also failed . Nothing much has changed and as of now we are in oscillating between 7760 - 7880 . Any side breakout/breakdown would result in super move. Tomorrow is an event day so SL should be handy .

For tomorrow buy the break out above 7880 NS and sell the break down below 7760 . Targets on buy side are 7940 - 7980 - 8030  and on the sell side the targets are 7720 - 7640 -7535 . Better tomorrow keep a SL buy/sell order with targets locked on the screen - You may be able to catch the train .

As of now my bias is still on the bullish side for targets of 8700 ++ . Buy the dip's

Have a Great Day ! !

Crucial days ahead

A long weekend in the offing.

Well today it was a scalpers day both the shorts and longs got benefited. Owing to the RBI meet and long weekend NS was also flummoxed . Coming to RBI meet what i think is even a 50 basis point cut would be a non event . One more thing i have observed that may new account holders that visit my office regularly are layman when it comes to markets and they are all of the opinion that money can be made in markets only by shorting . Well alarming bell that we are nearing a very violent rally for 9200++ . On the short side Be brutal with the SL -- Any time the rally would emerge and may catch you sleeping .

For Monday resistance lies at 7880 NS and may be we get 8030 NS before the event , On the contrary no short set up is at present evident,

Buy the open on Monday and square at EOD.

Have a Great Weekend & Eid Mubarak too ! !

Bring It on

A superb day as it went.

7880 - on dot and the rest is history - The panic buyers got benefited . What else you want in life form the low 160 points straight away . For tomorrow look for buying above 7880 NS for targets of 7940 - 7980 - 8030 NS where shorts for the next month can be created . On the contrary look for shorting below 7840 for targets of 7760 .

Its expiry tomorrow and after that long long weekend don't carry overnight

Have a Great Day ! !

Morning Blues

Buy the panic in the morning with first hour low as SL - Targets 7820 - 7880 and add more above 7880 NS for 7940.

Happy Trading ! !

History Repeats

Well History always repeat's itself.

If you remember way back in Sep 2014 NS fell the same on expiry week that too on Tuesday with such magnitude - We are nearing the correction and may end soon . As posted earlier below 7880 NS may hem awaits and this was such a day. It's expiry week thus enjoy the ride with seat belts too .

For tomorrow expect a bounce till 7880 NS as such an above it 7940 - 7980 again. As of now don't see much lower levels for tomorrow. Try buying in small quantities for decent bounce tomorrow --- The range is still 7800 - 8200 and market may surprise you.

Have a Great Day ! !

Dip - Sip - Buy

Expiry week and volatility is missing . . 

Well 7880 NS protected and those who bought at the morning panic benefited. For tomorrow look for buying again near 7920 - 7940 NS or above 7980 NS . For me it is still buy on dips only . This is expiry week so please keep seat belts ready  - - - Read between the lines - - - Keep SL handy and specially not in the mind but on the screen. Just a Guess - - Can we have 8225 on Thursday?

Have a great Day ! !

Cradle to the Grave

8030 ++ Done --- And we have Grave Stone Doji Today.

Another great weekend in the making . Today too after the initial gap up and new high in the latter part of day NS witnessed selling pressure owing to weekend. For Monday Look for supports near 7880 NS and below it Mayhem awaits -- On the contrary above 8070 NS we may get 8225 NS . Still it is buy on dips only . Owing to Expiry week  the max pain concept comes in place . At present 7800 put buyers and 8200 call buyers are in pain and we have a range of 400 odd points . Lets see who gives away.

Have a Great Weekend ! !

What lies ahead

A very Big Question - What lies ahead.

Well today we have closed above the crucial level of 7880 NS and technically this indicates that we are heading for 8030 NS. The event at the back stage may give jitters but later on will align with the technical.

My bias is still bullish with SL of 7760 NS for targets mentioned earlier .High time that we decouple from the global economic front .

Dip karo . Sip Karo . Buy karo

Have a Great Day and Wish you all Michaami Dukaddam and Happy Ganesh Utsav too ! !

Harvesting

Owing to the holiday tomorrow and also the much awaited FED decision-- Book your longs near 7890 - 7915 - 7930 - 8030 or Hedge with out of money puts may be 7300 or 7500.

The above is for a sound sleep on holiday lest buy on dip's holds.

Happy Trading !!

Fed up of the Fed

Look's like every time the Fed meeting comes -- News channel potray it as the End of World.

This time too chances are that it may be a non-event. Even a rate hike would not mean much to the global economies as much of the dampening and turmoil has already been factored in this mayhem.Today the fall was on low volumes and nothing can be deciphered from it. As of now remain long only -- Strong support exist's at 7800 and then 7700 NS. Look for buying the Dips and SL for the same would be 7680 - 7620 NS. Targets remain the same as discussed earlier.

Have a Great Day ! !

Ground Work Complete

A great time Romancing with Nifty.

Look at the intra-day chart today --- consolidation and breakout was the trend today and this may prevail till expiry . Every rise shorted will accompany a slow and tiring up move . Nothing much to add ---- Just remain long as of now . Targets as discussed in earlier posts.

Have a Great Day ! !

Shaking Out

It was a shake off day.

Owing to the weekend and larger trend as down what we saw today was the shake off of the weaker hands . 7760 NS emerging as a Strong Support. The volumes too were not encouraging . Look for buying the dips only . For coming week look for buying near 7760 - 7740 NS for targets of 7837 - 7930 - 8030 -8180 -8228 NS. On the contrary a break below 7654 NS would invite more panic ---  though Remote chances.

Till now it is buy on dips only -- No change in View.

Have a Great Weekend ! !

Coming Back to Friday

Weekend Blues in the making ! !

As expected today too Buying pressure emerged after the gap down . The supports were 7760 - 7780 NS and we have closed again above it . Expecting a Big Green Candle tomorrow May be 7940 NS or 8030 NS. Great Support at 7720 - 7680 NS now -- This may well be Your SL as of now.

Buy the Dips and Enjoy the coming expiry.

Have a Great Day ! !

Raging Bull

Can it be the same again ! !

Well the relief rally of yesterday gets confirmation today . Bang on 7840 NS . Still more to come . For tomorrow look for supports around 7760 - 7780 NS. A few of my friend's have in boxed me about how come 8527 - 8600 ++ NS this expiry . Well to their answers -- If the major Fifth Wave has got completed near approx 7500 - 7540 NS  then the rise is minor 4th Sub-wave & theoretically the minor 4th sub-wave retraces the entire fall ( form approx 8600 + ) of major 5th wave in half the time hence the targets -- Lest markets are supreme and dynamic in nature and so are waves -- They are always Subjected to change with external climatic condition.

Regards the present  NS is just Buy Buy and Buy ! ! Remain Long ! !

Have a Great Day ! !

Sparks Every Where

#Divergence -- #Relief Rally -- #Dead #Cat #Bounce -- Heard on Street --- Is it so  ??

Markets were compelling for the required thrust that it got today . Also note we have a Faster Retrace-ment of the fall of yesterday . Intraday 5 minute NS chart posted  -- The volumes today have a story to say . This story will not end till 8600 ++ or 8800 ++ . Remember Markets never went up on buying rather they are the shorter's that keep the market's up . Short NS and you will have a rise to trigger your SL. This time the journey to north will be fierce -- The spark was today.

For tomorrow look for supports around 7620 NS just for intra-day , On the larger scale it is buy . Don't short the market on every rise -- Just a Piece of caution Lest - You are intelligent enough to read the markets.


Have a Great Day !  !

Visible Divergences

Bull's are sad that they are not getting any bounces and bears are sad because they exited early.

Well today was a low volume day if I compare with the previous day's and NS fell just without any news --- Looks like the smart money is chasing the retailers who have bought deliveries in the fall. Also to note that very acute positive divergences are developing which cannot be ignore. The Classical approach of MACD has never failed and this time too geared for an up move.

Nothing more to add as my Bias is still bullish and expecting the fierce rally any time very soon.

It is still buy the dips only -- No change as such .

Bottom's up Friends-- Have a Great Day

The Buck Stops Here

#JimRogers exits from Indian Market  -- #CLSA Cuts Sensex Target -- JPM Head Quant today issues Warning -- #Amtekauto defaults on debt .

Whooa too much of news flow and that too bearish. Never understood the reason why such news comes only during doom's days. Always Read between The lines . Regards my opinion we have done with the lows of  September today and don't except any more downsides as of now.

As per Time theory have a look at the below observation :-

Does the Bell Ring ! !

Except 2014 All major moves have started for 6th Sep Onward & History has to repeat itself. Today looking to the structure we have done with Sep lows and the journey to 8800++ starts Monday.

Look For Buying the Dips Only. 8800++ comming soon that expected time ! !

Have a Great Weekend ! ! Nand kero Nand Bhayo Jai Kaniya Lal Ki ! !

Booking's Over

Well today the structure gets complete --- Stage Set for a beautiful Rally.

The down wave may have ended now --- Buy NS for impulsive up move for targets of 8800 +++.

Meet you after market hours.

Flight of Phoenix Starts Tomorrow

Please Note -- Those who have not yet booked their seat's may book by tomorrow morning - The booking gets closed tomorrow sharp 3.30 PM Noon.

Technical Supremacy Rules - The positive divergence accompanied with the panic bottom played out well - - and we got a Sweet Bounce . 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  Ferocious Rally.Will it be failed attempt ? Tomorrow never dies and we can always have the answer's tomorrow . Well the Structure has not changed much but the bias has turned bullish. Today with a close above 7820 NS logical target for tomorrow comes at 7920 - 7930 NS and even 8030 NS can't be ruled out. Come next week and more to come for every dip buyer.

At least for the time being "Buy the Dips & & Just Keep Buying"

Have a Great Day ! !

Winter Whisphers -- Bear's Hibernation Starts Tomorrow .

Bear's have their stock piled to go for hibernation from tomorrow EOD.

SL of 7735 NS Trig-erred --- But not a surprise as this usually happens when the "PIGS" run for cover. Regards my opinion I am a Perennial Bear but some how this bearishness to me looks all in all a trap.

For tomorrow look for buying above 7780 NS or near the lows may be the Hibernation for Bears starts tomorrow . We are all Set for a Ferocious Rally -- Reminds me of Feb 2012 .

Remain Long and Believe in your conviction.

Have a Great Day ! !

Velocity Move

Bears Stampede on the floor.

What a Velocity Move --- Law of Gravity dictates. 7880 NS taken still 7735 Protected. Though It all round bearishness I would prefer buying as the bounce would be ferocious.

As such for tomorrow one may buy near the lows with SL of 7735 NS for targets of 7880 - 7930 - 8040 . Shorts not preferable at this juncture.

NS is still a Buy only today was just a shake off for weaker hands.

Have a Great Day ! !

A Dull Day

Well today being the monthly close I was expecting above the psychological level of 8000 -- But in vain. As such the month closes on a weak note. Nothing much to add today except that today was a monthly close and only the brokers earned today.

Remain long as of now for targets as mentioned earlier.

Have a Great Day !!

Weekend Musing's

8070 - On the Rocks.

Well a Great day again at the end of week . If we closely look at the weekly candle than its a bullish hammer or a long legged Doji  - This indicates buying at lower levels . What we witnessed today after the gap up is just profit booking owing to weekend .

Stay long for more to come . This time Let 8800  + + come on the dice. SL will be 7880 NS - or at the max 7735 NS.

Have a Great Weekend ! ! & Happy Rakshabandhan too ! !

The Day Today

Great Days ahead.

Today after the gap up NS has managed to close at the higher range of the day . Remain long for targets of 8030 - 8070 - 8180 - 8320 - 8460 - 8530 NS . SL will be updated later. Buy each and every single dip . For tomorrow expecting 8030 - 8070 on the trading floor.

Have a great Day ! !

The Beginning

Great day's coming ahead 

Well if we closely observe the intra day movement today some huge value buying was observed . It is usually observed that volatility increases at the end of a trend . As of now  stupendous rally is in the offing . Regarding tomorrow's expiry those who are in pain will be inflected more pain so bearishness to prevail . Don't get surprised if you see a rally of 250 odd points on Friday.

Remain long and buy every dip for a fortune.

Have a Great Day !

Silver Lining on the Horizon

A day for scalpers.

Well today those who dared to buy yesterday yielded profits - 7880 - 7920 Done - More to come . At least today the undertone of the market was bullish. My bias as of now is bullish Targets remain the same. Too Early to define SL . Wait for few days to define any SL. Buy each and every Dip and enjoy the bullish ride that is coming in september.

Have a Great Day

A Day in the Life of Bear

Frankly speaking I wasn't expecting a fall of such huge Magnitude after the open - But as said Never Fight with the Market. Are we done with the lows - The answer always lies tomorrow .

May be today's low is the low  for time being or just a small jerk tomorrow. Regards me I have been a perennial bear as such but As of now what i think is the last capitulation phase for the start of a Great Rally.

For tomorrow and next expiry look for buying at every dip for targets of 8800+ very soon. Of course Rome was not built in a day - it will not bee a one day game the levels on upside are 7880 - 7920 - 8070 - 8225 - 8380 ( note it on paper ) . Higher targets later on -- But these are the levels that i am expecting by September end.

Have a Great Day ! ! !

The Day today

All started well & ended well

Well all targets done. What else for a great weekend . NS again today hit the demand zome from where it staged a good recovery but still we are not out of woods.

For Monday look for breakout above 8320 NS for a good buying opportunity. Shorts are not feasible at this stage . Buy with SL of 8257 or 8160 NS - Targets are 8320 - 8380 - 8460 where again shorting can be done.

Have a Great Weekend


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Blood

On expected Lines - Patience Paid.

Today after initial bounce NS was in free fall mode though in a stag erring manner. In the later part of the session what we witnessed was huge unwinding at the same time shorts getting added on all the fronts be it NS/BNS/Stocks.

8360 NS achieved - For tomorrow look for bounce form 8340 - 8360 region with Strict SL of 8320 NS. Remember this may be just a bounce till 8380 - 8420 - 8460 at the max where again shorts may be created.

Also tomorrow Weekly trend will assert itself - Just to keep in Mind.

Have a Great Day ! !



You can now connect with me on Telegram @9033033226

Flummoxed

One more Day and still the same.

Well nothing new today to add today. Range Bound Movements Continue . Still NS is short only . SL & targets remain the same.

Have a Great Day ! !

Make or Break Tomorrow

Well Since yesterday NS is doing nothing expect range bound movement . If you are a Scalper then it was your day today.

For tomorrow look for break of today's high/low for trade. Tomorrow may be a crucial day. I am expecting a very strong trending market within the next few day's. As such My bias is bearish. Remain Short with SL of 8540 or 8620. Targets remain the same.

High time to be Brutal with SL.

Have a Great Day ! !

Fizzle

The short Covering rally of Friday terminated at the opening bell only.

Shorts created on friday/today have yielded great return.

Remain short with SL/Targets as mentioned earlier.

Have a Great Day & Pateti/Navroz Mubarak ! !

On Expected Lines

Well as expected the bounced materialized form the support region. I would term it as Pseudo Bullishness or a short covering rally as such.

For Monday Look for any high to short with SL of 8540 - 8560 NS or max 8620 NS Targets are 8440 - 8380 - 8320 - 8257(all NS Levels). Long trades at this juncture may not yield profit.

Have a Great Weekend and Of course Wish u All A Happy Independence Day Too ! !

Pause

The heart needs reasons that reasons don't understand. ! !

A great day for traders . As expected NS bounced form the support region as discussed yesterday. For tomorrow too look for buying opportunity if you get any targets are 8420 - 8440 - 8460 NS. On the contrary a break below 8340 would invite 8257 NS.

Have a Great Day ! ! 

At the Helm of Breakdown

Blood Blood & Blood.

Still no respite -- Every bounce is getting sold off --- But do we really got any bounces ? ? Well we are nearing 8300-8320 level from where many time NS has bounced so shorts now need a cautious approach . That Doesn't Mean that Jump and Buy. Just books shorts and stay side line. Now wait for a close below 8257 for another shorting opportunity.

Tomorrow at the opening one may try buying as it will be low risk/High Reward for targets of 8280 - 8420 - 8460 NS. On the short Side lower SL to 8480. Lest choice is yours.

Have a Great Day ! !

More is yet to come

A Day in the life of a Bear --

Apt to say at this juncture - 8440 NS done -- and still the targets are open.

For tomorrow owing to oversold levels bounce may materialize till 8520 - 8540 at the max. where selling can be initiated for the targets mentioned as earlier.

Remain short till trailing SL gets trigerred.

Have a Great Day ! ! 

Monotony gets Resolved

What a Day ! ! !

Well as expected NS was not able to scale the Resistance area and just got withered in the later part of the session. The negative divergence which was persistent has given a good trade.

Nothing more to add -- Just remain short --- and ride the south journey .

Have a Great Day ! ! 

Status Quo

Well NS has done nothing in this whole week - Just checked the patience of traders.

Going forward Monday maybe a crucial day. Look for breakout/breakdown above/below today high/low. As such my bias is bearish owing to negative divergence.

Targets and SL remain the same.

Have a Great Weekend.

Friday Selling

Today too was a Dull Day.

Though we closed above 8580 NS the upside momentum is lacking. Prudent to remain short at this juncture. Friday sellers will be active tomorrow . Expecting a deep cut/breakdown tomorrow.

SL and Targets as mentioned earlier.

Have a Great Day ! ! 

Break-Down in contention

Bulls Earn - Bears Earn & The Pigs get Slaughtered

Well if we look at the last few days NS is doing nothing except range bound movements. The bullishness that was persistent for the last few days is slowly fading away. Today there was a glimpse of a negative divergence . Possible that we may break down from here or after making a new high.

A good Short set up is developing as such.

Remain Short with SL of 8580 (half hourly closing) or more precisley 8680 NS. Targets are 8420 - 8380.

Have a Great Day ! !

Event - Non Event

Well it was both.

For the Banks it was a non event day but not for NS definitely not. Volatility in the air.

Those who shorted near 8560 - 8580 NS would have generated decent profits.Still we are not out of the woods. Resistance lies ahead.

Its still short with SL as mentioned earlier.

Have a Great Day ! !

Out of Hibernation

Finally a Good Trade Setup.

Today was a range bound day with NS closing at the lower range of the day. Note that before the event day bears are active.Look for break of 8520 tomorrow for a short trade on the contrary bulls are lacking the power to lift NS up.


Remains short as discussed before.

Have a Great Day.

Confusions Ahead

Hope after the SL got triggered at 8417 Profits would have come handy.

Today was trend day as NS scaled new highs with each passing hour. I am a bit cautious at this level  as Dollar is going Jittery. Still the trend is confused one. Note that in the Last hour of trade Stocks witnessed profit booking.

On Monday look for shorting below 8420 or near 8580 - 8620 NS. SL would be 8680 again . Targets come near 8380 - 8360.

Have a Great Day ! ! 

Bullishness

Today SL of 8417 got triggered on the buy side.

Because of Expiry I will not put much weight-age to this bullishness. But we have closed above 8417 NS. So its a Buy on dips. Now selling only below 8388.

Tomorrows closing will be more important as both weekly and monthly  trend will assert.

Have a Great Day !

A Brokers Day

Boring Session.

Nothing much to add today target still remains the same.

A break of today's low will invite more panic lest tomorrow also a range bound day.

Lower SL to 8417 NS.

Have a Great Day.

Volatile Session

It was a volatile session today but weakness crept in later part of the day. PBOC stimulus was also not able to cheer up the market.

A break down tomorrow below 8300 NS would invite more panic.

Targets are 8267 - 8160 NS. Lower SL to 8447 or 8417 NS.

Have a Great Day

Expiry Blues

Max pain on the side which is Loosing.

At present the bulls are loosing on the front and bears are gaining. And expiry always gives max pain on the loosing side.

Nothing much to add 8380 NS achieved . 8267 NS in Contention.

Lower SL to 8487.

Have a great Day.

6 Months NS Chart

The Chart is Self Explanatory.

Courtsey : icharts.in

Confusions get over

A Day credited to bears.

Not much to the credit of bears but the closing was below the crucial level of 8540 NS to resolve the confusions.

For Monday weakness would continue below 8540 - 8560 at most. 8480 - 8440 is the area from where i am looking for a minor bounce -- Confirmation yet to be checked on Monday. On the contrary Above 8587.50 NS ( Half Hourly Close ) Strength emerges - Remote chances Exist though .

Today with a close below 8540 - Targets are open as mentioned earlier. SL now 8587.50 .

Staying with trend is Prudent Now.

Have a Great Weekend

Perplexing State of Market

8660 --- Again the Great Wall.

• Today also Nifty Resisted at the opening, grinded lower and closed at Day's low range. Nothing can be Thought as of Now - Confusions Galore.
• Technically Multiple tops in the 8620 - 8660 region. Hence my bias would be more on a revisit to 8420 - 8380 - 8267 again.
• As of now Remain Short With SL of  NS - 8660.

Opps Too Much expected by a Bear Like Me.

Trend Asserts

Never fight with the Market.

Those who bought in the morning at lows would have benefited a lot. It was a trend assertion day also the volumes were on the higher side.

Shorts created near 8580 still remain with SL of 8660. Look for half hourly closing above 8660 NS. Above it don't remain short. Above 8660 NS Targets come around 8846.

Have a Great Day !!!

Caution Ahead

NF & BNF Intraday Charts --- Caution Advised

Welcome Blood

Patience Pays ... 

As expected after the initial up/down finally the break down happened. It was an easy short trade as NS was not able to scale the highs of the morning. Infosys though was up It failed to cheer up the Bulls.Tomorrow market may retrace till 8560 - 8580 spot again to get shorted. If you get NS near 8520 - 8480 Buy for intra-day with SL of 8440 - targets 8560 -8580. Short here and lower SL to 8660.

Stay short for target of 8420 - 8380 - 8260.

On the stock futures front Arvind and Ceat  - SL got trigerred -- All-most all the stocks were brutally battered barring a few. SL would have saved you .

Lastly

Market's wont stay down for an extended period of time because too many people want/need it to.

Have a Great Day ! ! !

A Scalpers Day

Iffy Ziffy Nifty -- Where do you want to Go

It was a scalpers day perfect for intra-day trading . After the morning high NS was not able to scale 8609 by closing.

Short remains with SL above 8680 or on break of 8560. More Precisely look for breakout /breakdown above/below today high low.

On the stock futures front 

Ceat has shown volume one may buy on declines tomorrow for target of 790 + with SL of 758.
Arvind is also looking bullish for target of 309 with SL of 297.

Have a Great Day.

Coming back to Markets

A Short Squeeze & the Bulls Rampage Continues

Bullishness every where as what the market has behaved in the pas 2 weeks . Even the Greece Issue was not able to deter the confidence of bulls . The rally that started near 7997 odd levels is still on.Shorts have been squeezed as of now. Friday action was some how very dull and looks like exhaustion may have been crept in .

For Monday look for profit booking or hedging position with a stop loss of 8680 on the short side. Charts Suggest that we are in for a short term top and Nifty may retrace the up move if not fully - it may partially. On Monday we may see a few points up and then the retraces.

I would suggest going short with a stop loss above 8680 or on break of  8580 for target of Approx 8387 - 8267 - 8256 ( All spot Levels ).

On an ending note

Start where you are. Use what you have. Do what you can.

All Said & Done

Could Not find an Apt Title ... Have Scribbled What came to My Mind.

"Sensibly Irresponsible --- All that had to be done and that was to be done has already been done "

Life Exists and It continues to be - just the format changes. Same life different Formats .For me it was definitely the same world again yet with a new format . The Last 2.5 Years have been really introspective rather would say retrospective . Lost something - Gained something. A Few Regrets and that's the story.Oblivion as such and now just trying to catch up with this fast faced world

Sincere apologies for the vacuum of the last few years. Promise you it will not be the same again. All for the Love of the Game.

Thats all for now - Will meet you on regular basis .

On a closure note Nothing much to say

"Let the actions speak louder than words."

Eid Mubarak & Jai Jagannath

Regards

Powerntrade