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 ! !