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.