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