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 ! !