All said and done

Well Nothing more to add .

Sell today at the open positionally . SL later

Downside target near 8280 - 8320 .

Happy Trading ! !

More to come

8480 Done More to come .

SL the Same 

Happy Trading ! !

Reversal on the cards

Well today we got a break down below 8520 NS .

Targets on Downside are 8480 - 8420 - 8380 NS.

Sell SL 8630 NS .

Happy Trading ! !

Bring on the Monsoon

Well Too early to say but a break down is imminent.

Be Strict with Buy SL . Buy SL 8520 NS .

Happy Weekend ! !

Defying Gravity

Well Market is defying Gravity .

No sure where this rally will end . All counters on resistance Zone. A decent Correction of 200 - 250 points required at present .

Start accumulation August/September Puts .

Buy SL 8480 NS .

Happy Trading

Consolidation or Distribution

Well only time can tell .

As such it is consolidation but the way a few stock are falling looks like distribution.

Only time can tell what will happen. Personally form here i am expecting a correction till 8280 - 8330 NS. 

Note this correction will be healthy for markets lest Prices are supreme and still NS is in buy mode.

Buy SL 8450 NS.

Happy Trading ! !

Correction May set in any time

Well The much talked correction may set in any time .

Looking to the Dull nature of July expiry Prudent to Try with August/September
puts.

Buy SL 8336 NS.

Happy Trading ! !

A Great Beginning of the Week

Well A huge resistance this time taken away by a Gap Up.

Though long wait for retracement to enter in long . At this conjecture risk reward is low for longs.

Buy SL 8280 NS .  Sell SL Taken out but one may play intraday shorts for decent profit.

Happy Trading ! !

Weekly Doji with Negative Divergence

Well NS still not able to close above 8336 on weekly basis .

Note the Negative divergence too. That does not mean NS may not make new high .

A new high near 8410 would to ideal for RSI to trigger on downside - May come or not .

SL remains the same 8336 NS .

Targets near 8170 NS .

Happy Trading ! !

Breakdown Tomorrow

Well Today also low volume day .

Expecting 8170 tomorrow only .

SL still the Same ( 8336 NS ).

Though we closed just a trifle Expecting A super Breakdown Tomorrow .

Happy Trading ! !

NS Turned again today

Failed attempt to close above 8336 NS .

All in all looks like another grinding month.

Sell SL 8336 NS Target 8170 NS .

+/- 30 points whipsaw accepted . 

Happy Trading & Eid Mubarak ! ! 

Strong Close on Low volumes

Today NS closed above 8336 - First Day .

Though Volume was  Low .

SL still 8336 for short ( First Day over - 2 Days remaining )

Happy Trading ! !

NS not able to close above 8336 & Forms an Inverted Hammer

Well NS not able to give a weekly close above 8336 .

More over NS at supply zone and may be a new high above today high will give a negative Divergence .

Targets are 8180 - 8070 at present. Sell SL 8336 ( 3 Days Closing EOD Basis )

Happy Trading ! !

A Boring Month comes to an end

Happy to see a Boring month coming to an end.

Sell SL 8336 Target 8050 - 7980 - 7715 .

Happy Trading ! !

Two Opinions

Well Time for both opinions .

All Negatives have been discounted and now we focus on monsoon then overall its bullish and on the contrary the BREXIT will have Stag-erring effect.

Sell SL remains the same .

Range for tomorrow is 8040 - 8240 +/- 30 points.

Trade it ! !

Visit to 7930 Pending

Well no change is Levels .

Keep the SL the same targets as mentioned.

Happy Trading ! !

Second round of Selling to Begin

Well NS behaving as if nothing happened.

So called analyst are saying that Indian market is resilient.

A Bull Trap in the making .

Sell on Rises SL any where between 8180 - 8280 . ( EOD Basis 3 Days close )

Target 7715 NS.

Happy Trading ! !

Week Ends on a Catastrophe

Well Nothing else to say .

All targets done in a Day . 

Will take A Breather . No Levels as of now . Let's see how market behaves on Monday.

Happy Weekend ! !

Collapse Tomorrow

Was not able to update cz of net issues.

Expecting a collapse tomorrow after init ital high near 8317 - 8339 .

Sell SL 8280 NS EOD basis .

Target near 8070 - 8030 .

Happy Trading ! !

Smelling Breakdown Tomorrow

Well nothing to do today - Low Volumes

Smelling Breakdown below 8040 tomorrow .

Sell SL 8280 NS .

Happy Trading ! !

Still in range

Still we are in a broader range of 8040 - 8336 .

Remain unresolved . Lets see as FII have started Selling Index futures aggressively.

Stick to the levels mentioned earlier.

Happy Trading ! !

Confusion remains Unresolved

Well another Bad Week The same range .

Even not feel updating.

Range is 8070 - 8336 . Any side BO/BD will result in 250 points move.

Personally am short with SL of 8336 Weekly closing.

Please note daily/weekly/monthly levels will differ.

Happy Trading ! !

Friday Fever

Friday Fever is on .

Can we end this week at 7980 . . Lets see Sell SL Today's High and buy SL today's Low .

Happy Trading ! !

Spoil Sport

A stupendous rally after mid session . The government is playing spoil sport .

Earlier it was monsoon news then GST then today Bank Merger. Never seen such Govt intervention to curb the fall in markets . But how long .

Technically Sell SL trigerred so we are in buy again . Target comes around 8280 - 8336 again .

Frankly speaking i am bored seeing such type of markets where technicals have failed .

Buy SL 8080 NS .

Happy Trading ! !

Hell

Well Since the last 1.5 months its hell . 

Falls are definitely coming but they are bought into . 

Sell SL 8180 NS . Targets remain the same .

Today there was a decent covering of 8000 puts still its holds the fort. Initial observation says some more down side below 7980 also . Lets see tomorrow .

Tomorrow lets see how market behaves . The way mid caps and small caps have started moving we are on a verge of break down.

Happy Trading ! !

More to come

Well Today NS closed below 8151 - Targets comes around 8020 - 7980 +/- 30 points.

Expecting some bounce owing to oversold hour/Day.

Sell SL 8180 - 8190 NS EOD Basis .

As per OI 8100 put writers panicked today with good amount of short covering.

Tomorrow EOD OI data to be watched as the BIG event is ahead .

Also not Today BN and NS both have made a run away gap . 

Happy Trading ! !

Monday Blues

Going ahead A hectic next week before FED and Brexit Vote .

Looking to the Global Sell off on weekend Seems like FED will Surprise the Markets. 

IIP Data will Spook the markets on Monday with capital goods sector hitting the worst.

As said Prices are giving a Hint of Fed Rate Hike this Season .

Sell SL 8242 NS - - Targets near 8020 - 7980 . Lower targets will review later.

Try buying near 7980 +/- 30 Points for Bounce till 8180 - 8190 NS again .

Bank Nifty too has formed a Grave Stone Doji - - Watch it as the fall in BN will brutally kill Nifty.

Happy Weekend ! !

Chart Speaks ??????

At last

Well below 8242 as expected we got few points.

Too early to say but yesterdays evening star got confirmed today.

Lowe level target comes around 8147 NS from where some bounce can be expected .

Sell SL 8280 or 8336 NS.

Happy Trading ! !

Narrow ranges to explode Soon

Well Such narrow ranges cannot take more time to explode .

A day or two and we see breakout/breakdown.

Upsides limited to 8400 NS for this series as per OI

Downside limited to 8000 as per OI .

Buy SL 8242 NS . Dont remain long below it ( Half hourly close )

Happy Trading ! !

Nearing the Upper Range

Prices nearing the upper range of 8280 - 8336

Any thing can Happen  - - Personally I will not buy anything .

Accumulate July 8000 puts at every rise - Target near 8070 - 7980. 

Buy SL 8242 NS .  Not giving sell Sl as saying to accumulate july puts

Happy Trading ! !

Non event Day tomorrow

Well possible no event day tomorrow . May turn out event day too as market has to take directions sooner or later

Range is 8105 - 8280

Extended range 7980 - 8336

Sell SL 8242 half hourly Close
Buy SL 8130 NS .

Happy Trading ! !

Was not updating cz market has nothing to speak as of now . I simply hate Small Ranges.

Selling Visible

Well There are no visible signs of buying at present .

Stay Short with SL 7840 . Buy near 7680 with small SL say of 20 points.

Watch for 7700 put writers cz if they panic the bottom is very very far near 7280 .

Possible that expiry may be Blood Shed .

Stay cautious . 

Happy Trading ! !

Expiry Week

Well this time its no different .

We are still in the range of 7720 - 7980 .

Looks like the same will conclude at expiry .

Look for buying near 7720 - 7680 with small SL and look for selling at 7860 - 7920 with small SL .

SL of +/- 20 Points not more .

Happy Trading ! !

Dedicated to Bears

Well We had selling today Below 7860 This time it was no confusion as the Election were not taken positive by markets .

For tomorrow look for 7770 NS below it only weak else again a Bounce

Sell SL 7860 NS - - Buy SL 7740 NS.

Happy Trading ! !

Did not do any thing

Well NS opened below my Buy SL so did not do anything .

Tomorrow election results so trade carefully .

Buy SL 7860 Sell SL 7940 NS.

Happy Trading ! !

Perplexed state of Market

Well nothing more to add .

Buy SL 7860 NS & Sell SL 7940 .

U might wonder that what i am saying but range bound plays so what we can have is just SL with us.

Happy Trading ! !

And Range Range Plays Again

Well What to Do - - All Participants are confused.

Lets hope it gets resolved tomorrow .

Just closed dot at 7860 . . Still it is sell but if manages to close above 7860 NS - 30 minute candle . don't remain short . Targets on upside would be again 7940 .

Buy SL 7760 NS - -  Sell SL 7860 NS .

Happy Trading ! !

Mystery Continues

Since the last two weeks  NS  has just manged to move 14 - 15 points.

Looks like something big is near . Fingers Crossed .

Range is 7740 - 7940 . Play it .

Break out or break down would give odd 200-300 points.

Sell SL 7860 NS . Buy SL 7720 NS.

Personally am short My SL 8035 NS . Target near 7580 - 7620 NS . Lower targets Later .

Happy Weekend ! !

Traders Day

Nothing much to add as iffy ziffy movements today .

Much will become clear tomorrow .

PS i am on short side today SL 8035 NS .

Happy Trading

Trend Day

What a Day - - We are almost near to 7920 .

Look for shorting opportunity tomorrow,

Sell Sl 8035 NS . Please note sell only near 7920 - 7940 or below 7840 NS.

Happy Trading ! !

Volatile week ahead

Well the next week will give immense opportunities to trade .

Gold/Crude is Defying gravity . Nifty does not want to go down or move up .

Just oscillating between supports and resistance.

For Monday above  7760 NS dont remain short immediate target comes to 7820 - 7840 and above it 7920 is the destination point . Can short near 7920 - 7940 NS .

Contrary not able to move past 7760 NS half hourly candle can short for targets of  7645 - 7580 .

Play the Trade ! !

Happy Weekend ! !

Black Friday Awaits tomorrow

Well Its sell on rises .

Sell SL 7820 NS - -  targets the same.

Happy Trading ! !

Sell Sell Sell

Do i need to Add any thing.

Sell SL 7740 or 7760 NS .

Target remains the same.

Happy Trading ! !

Great Day

Well the ultimate sell today.

Sell SL 7860 NS . No change .

Again tomorrow NS may come to catch up averages else 7680 - 7540.

Happy Trading ! !

Inside Day

Nothing more to add .

Tomorrow look for ORB . Break out or Break Down will give 150 points move. 

 Sell SL 7860 NS .

Also Note Vix ( Mercury Rising )

Happy Trading .

Catching up averages after the Fall

Well to NS and BNS just did the catching of averages .

Well SL 7890 . EOD Basis .

Happy Weekend ! !

Sell in May an Go Away

Well The Range Played well.

We were just short of 50 off points .

Welcome May as the old adage says . For tomorrow look for supports near 7760 -7740 for buying . Today was Expiry so Have to See the Flow of NS tomorrow.

Sell SL 7940 NS . Happy Trading ! !

Wild Ride Tomorrow

Expect 200 points volatility tomorrow .

Range is 7800 - 8000 .

Trade it .

Happy Trading .

SL HIT Again

SL Hits again .

Buy SL 7840 NS . Still 8035 will give a tough Fight .

Happy Trading ! !

Sell till u get Exhuasted

Nothing more to add

Sell SL 7940 Target 7740 -7760 NS.

Happy Trading ! !

Huge Volatility Ahead

Just 4 Days to go for expiry.

Heavy Volatility expected .

Sell SL 7980 or 8035 NS. Target 7740 -7780 .

Happy Weekend ! !

Sell confirmed

Sell Confirmed today.

SL 7980 . Targets near 7740 - 7780 NS.

Happy Trading ! !

Signs of Selling

Well will not buy now .

Sell SL 8035 Target near 7735 - 7760 by expiry.

Closed all long today will look for shorts till expiry .

Happy Trading ! !

Sucking Holidays

Well SEBI should do something for these holidays .

The Entire Game gets over Globally and we are left with peanuts.

Welcome Wednesday and Nifty and Bank Nifty have formed Hanging man and double top in RSI.

Still its buy on dips but caution near tops . 

Buy SL 7740 NS . 

Disclaimer : I am Short .

Happy Trading ! !

Knocking at Resistance

Good Resistance ahead but how long .

Its Buy on Dips SL 7680 NS . Not giving upside targets as they are mouth watering and luring too .

Disclaimer - - I am short :)

Happy Weekend ! !

Am still not convinced

Many of you will say that my ego is not permitting me .

But believe me friends its not about EGO the up move is not at ll convincing.

Buy SL 7620 NS . No Sell SL as it is Buy on Dips .

I have to right to differ on opinions as i  am still bearish.

Happy Trading ! !

Not Convincing

Well As such SL of 7630 Hit so again its Buy on Dips .

Buy SL 7580 .

Personally am on the short side . Possibly 7580 May trigger gain.

Happy Trading ! !

A Bull trap in the making

Go short at the close with SL above 20 Points.

Looks Like a Bull Trap .

Will update more EOD .

Happy Trading ! !

Another NR7 Day

Well today too was another NR7 Day.

Weekly Trend has Turned Bearish. Look for support near 7445 - 7405 NS .

Hold Shorts SL 7630 NS .

Happy Weekend ! !

Power of NR7 Day

Well yesterday told about NR7 Day and the result is in front of you .

Do i need to add any thing .

For tomorrow try for long near 7520 NS for small bounce with 10 point SL .

Else 7445 - 7425 - 7405 NS in contention .

Near these levels preferred to cover all shorts  and also book puts as next week is a truncated one.

Sell SL 7640 NS . 

Happy Trading ! !

NR7 Day today

Today was a Narrow range Day .

Expecting a Good Move tomorrow .

SL for Sell 7655 NS and for Buy 7580 NS .

Personally will remain short till 7545 - 7445 NS.

Happy Trading ! !

Great Expectations

Remembering the great work of Charles Dickens .

Well the expected rate cut came and we had a sell off .

For tomorrow look for buying near 7540 or at gap down it comes for a decent bounce of 60 - 80 points.

Also note yesterday talked about the negative divergence in Banking stocks . The rest is history .

Sell SL 7730 NS .

Happy Trading ! !

Time for Divergence to Play tomorrow

With the Big Event tomorrow one thing noted is that all Banking stock are showing visible negative divergence in RSI - 14 . 

Above all the rally is already 1 month old and showing signs of Exhaustion .

Would be selling at the rate cut announcement Targets on the down side are 7640 - 7550 - 7465 . .

It will be a roller coaster ride so manage SL as per your Risk . Upside limited to 7840 - 7890.

Happy Trading ! !

What Lies Ahead

Well Going in the Big Event Week ahead all i can see is just blood blood and blood

The Day the budget was announced we had the rumors of  rate cut and all bullshit statements.

Definitely rate cute is coming on 5th april - - ????????????


Well either rate cut / rate hike / neutral --------- In all the cases we are heading for a blood shed.

Wait and watch .

No levels at present - Trade as per ur risk appetitie --- I will be on the sell side . Lest Prices Supreme let them guide me ! 

Happy Trading ! !

A Tale of Expiry

Yesterday had emphasized about NAV management .

Those who are long with 7560 NS as SL  would be going great and even after the Short SLat 7660 NS got trigerred still there was a room for 70 odd points.

Buy SL 7580 NS . Look for resistance near 7750 NS .

Just 3 days to go any time the Rally may fizzle out That doesn't meant to short but stay cautious with longs.

Happy Trading ! !

NAV Management

Well Not a Great Day to Say anything .

Sell SL 7660 NS and Buy SL 7560 NS .

Happy Trading ! !

Has the Trend Reversed

Today the Selling was on lack of major FII participation.

Have to see tomorrow for reversal .

Sell SL 7730 NS . Buy SL 7560 NS .

Happy Trading.

Signs of Termination

The Rally is showing signs of termination .

No signs of weakness yet . But 7730 is resisting .

Buy SL 7644 . . Sell SL 7820 - 7840 NS.

Can Trade the Range . 

Happy Holi and Weekend ! !

Again at inflection point

Well today too After the Fall NS closed near the high.

Its still buy on dips . Sl 7642 NS .

No weakness in charts . Note of resistance at 7730 NS above it 7829 in contention .

Happy Trading ! !

NS at the Least line of Resistance

It was a Clear Cut Break out above 7604 NS with it making high at every passing hour .

Where's the resistance well tough to say .

As of now its buy with SL of 7546 NS . 7700 + done today . If 7730 crossed tomorrow expect another round of buying/short covering . Lest cooling off may take place

No weakness in the charts .

Have started accumulating April puts as of now . Matter of 100/200 points now not much .

Happy Trading ! !

Respect the SL

Nothing Else Respect the SL.

Though i am not bullish as 7620 is a point of resistance .

Lets See . How Market Behaves on monday .

As of now Buy SL 7480 NS .

On the Personal Front i am still short.

Happy Weekend ! !

Traps All the Way

Today too  - - SL got trigerred in the morning - - Just to remain safe at the Close.

No change Sell SL 7535 - 7565 . Targets remain the same.

Happy Trading ! !

The Wait Becomes Longer

Nothing much to add .

Its  a Traders Delight today -

Sell Remains SL 7535 - 7565 .

Happy Trading ! !

Confirmation done today

Well The Sell confirmation done today .

SL protected and we are safe with the shorts .

7461 Done - - 7375 - 7287 - 7070 - 6650 pending.

Patience pays -- Sit Tight just .

Happy Trading ! !

Once Again Technicals Rule

Well Just to show the power of Technical .

A crucial day ahead - - Closed near the First SL . . Second SL is still Safe .

Today Was NR7 day so tomorrow expect a Big Move . Also please note tomorrow is Gann Date so Impulsive move will be seen.

Happy Trading ! !

Another Failed Attempt

Well again today 7535 - 7565 - - The Great wall of China Resisted .

Sell Remains with the same SL .

Expecting a gap down on Monday . Possibly the final exhaustion gap and run away till 7287 - 6650 .

Happy Trading ! !

Weekly Trend Assertion

Was not able to update - - Yesterday Due to Network Problems .

SL remains the same 7535 - 7565 .

Above it 7720 in contention .

Play the range at present 7535 - 7425 .

Happy Trading  ! !

SL Saved But For How Long

Well  - - SL 7535 had been saved but for how long .

Today even after the gap down there was no weakness in the market.

Sell SL 7535 or 7565 - - Probably may get trigerred tomorrow .

If not then may hem awaits . Contrary Above 7535 - 7565 . We may get 7620 - 7720 NS.

Happy Trading ! !

Resisted

Nothing more to add . 

Sell SL 7535 NS or 7565 NS .

Targets near 6650 ! !

Happy Trading ! !

Beautiful Balance

Well We are at inflection Point .

Ther's a beautiful auction at this level . 

Watch out for another major reversal .

At present it is buy the Dip SL 7280 NS . In case if you want to short SL is 7565 NS .

Fingers Crossed - - At present No positions except few deep ITM puts .

Happy Trading ! !

Signs of Exhaustion

Well Still it is buy on Dips .

Today at the end NS showed some signs of exhaustion .

Watch for Friday Sellers tomorrow .

Buy SL 7180 NS ! !

Missed today's Gap Up

Well Missed the Bullishness today .

SL trigerred at the Open . Nothing to do as after the gap up it was a full day .

Long SL 7190 NS - - Sell SL Trigerred . Will wait for weakness to develop . Tomorrow we may expect some profit booking till 7205 - 7222 NS .

Buy the Dips .

Happy Trading ! !

What a Day

Well Friends - - First target missed by a whisker .

Never Mind . 

Buy SL 7130 - - Sell Sl 7280 NS

Personally i am bearish now with SL of 7280 target 6970 - 6840 again and also 6500 NS

Happy Trading ! !

Caution Ahead

We have Booked our Longs - That doesn't mean Its a Sell

One may try with 7200 Puts SL 7280 NS

Happy Trading ! !

Time to Change the Towel

Well The Budget day has factored all the negativity .

Still we are not out of the woods -- A Close above 7245 is needed for the Up move to have some strength .

Short SL 7120 NS .

On the Personal Front I am not that much bearish now .

Buy the Dips - - SL 6820 NS - - Targets 7245 - 7325 -7420.

Happy Trading ! !

Budget Day Trading

A great day ahead - - 

Keep your Seat belts with you - - Roller Coaster ride in the making .

Nothing has changed as such . Will not update any SL as no point .

For Monday 

Buy near 6940 Targets 7040 - 7090 -7160 - 7225
Below 6940 - - Short for 6870 - 6760 - 6630
Again buy near 6870 - 6760 - 6630 Targets 6940 - 7080

Contrary 

Short near 7090 -7160 -7225 Targets 6940 - 6870 - - Only a Close above 7245 NS will change the game for bulls else sell every rally.

So many strategies at place - - May work and may not . Better Play with SL Buy order and sell order . Place it on the terminal and not in mind.

The broader range is 6750 - 7300 . Trade it.

Happy Trading ! !

Expiry Killed the Bulls

It was an excellent trade form 7245 to 6960 odd levels .

Expiry at the best . Well 6940 got rejected by just a whisker .

Never mind Still some more steam in the sell . 

Targets remain the same SL 7080 - 7120 NS.

Happy trading ! !

Sell Sell Sell

Well the continuation Goes on .

Sell on rallies - - SL 7160 NS or 7180 NS.

6940 - 6870 - 6757 coming.

Happy Trading ! !

Trade the Prices and your Conviction

Well as said above trade the Price and Ur Conviction.

Lower SL to 7220 NS . Target remains the same.

Happy Trading ! !

Laboured Moves

Shorts of last week remain as such .

SL 7260 NS . 3.5 soon near 6750 NS . Confirmation below 7180 NS

Happy Trading ! !

Cat on the Wall

NS just closed at 7210 . 

Looks like today at 7227 - - iv of major III completed and we have just started v of III .

Below 7170 NS would be confirmed .

At present since we have closed near 7210 . . Shorts remain as such .

Will review the SL on Monday during Trading hours .

Happy Weekend ! !

Oscillations

Well Since the Last two days We are seeing positive close . 

Normally in a Bearish market 3 days bullishness are fine .

Short the Rallies Sl 7210 or 7280 NS .

Happy Trading ! !

Another Rally for shorting

Well nothing has changed. 

Short the rallies - - Sl 7210 NS

Happy Trading ! !

Does that need any Explaination

Well 7245 NS SL protected and the Fall is in front of you .

Bear market rallies are to be shorted at highs .

Stay short Sl 7245 NS .

Happy Trading ! !

What a Rally

Well Nothing has changed in the last 2 Days .

Last week fall was heavy so NS has just moved to catch up averages. 

Sell the rallies - - SL still at 7245 NS. 6731 Soon .

Happy Trading ! !

Nifty 2 Years Weekly Candle Chart

Have a look at the chart .

The last time weekly close above 7000 we had stupendous rally of 2000 points .And now just look First weekly candle Below 7000 .If all goes right then we are heading for 6731 - 6300 - 5800 - 4800 - 3900.

Remember this is the Dreadful Larger IIIr'd Wave . I don't say that we will come at once. This doesn't mean extreme bearishness . Breather rallies will be there . One from 6731 - 7244/7244 - 6300/ .These are the two possibilities that i am looking till May End.

Respect the Levels and Trade accordingly . As such we are in a long term bear market cycle of 8 Years again .

Happy Trading ! !

Weekly Candle below 7000

Wow - - First time seeing 6 in a weekly candle.

Nothing to add - Sell the rallies - 6731 Pending .

Upside resistance starts from 7245 NS.

SL 7260 NS EOD 

Happy Weekend ! !

Uncharted Territory

Well We have entered in an uncharted Territory .

Looks gloom doom now .

6731 sooner or later will get achieved .

SL for shorts 7380 NS .

Happy Trading ! !

The Final assault is still pending

Well it is still Sell only.

Lower SL to 7380 - 7420 NS.

7048 Coming soon.

Happy Trading ! !

No Respite

Well NS Closes below 7300 .

7048 in contention . For tomorrow small retraces may get shorted . Target around 7175 - 7048 - 6800 

SL 7480 NS . 

Happy Trading ! !

All Said and Done

Well The bearishness played its part.

Nothing else to add . Remain short SL 7480 NS . Targets 7320 - 7145 - 7040 . Buy SL 7240 NS

Happy Trading ! !

Blind State of the Market

Has the Rally of  Friday done every thing .

Well the answer always lies ahead .

The state of market is such that Every SL will get hit . As of now Stay long with SL of 7460 NS ( EOD Basis) .

Range is 7200 to 7600 . Short the Rallies and Buy near the Support.

My Bias has not changed and I will remain Bearish for the time being . Don't know  When but expecting 6731 Very soon . Keep SL as per your risk . 

Short Side SL 7487 - 7515 . Long Side SL 7460 - 7380 .

Take informed Decisions and play with levels mentioned.

Happy Trading

Signs of Bottoming out

Visible buying today .

Last panic waits tomorrow .

Still it is short with Sl 7460.

Happy Trading ! !

Range Breaks on the down side

Looks like no respite again.

We have closed below 7400 - - Obvious target comes around 7240 NS.

Look for buying signals near 7320 NS . 

As such short the rallies . SL 7480 NS

Happy Trading ! 

Range bound Plays Ahead

Well The sell materialized as expected .

OI table suggests range bound plays ahead. 7400 - 7600 NS is the Range.

Buy the falls and sell the rallies . 

Keep Selling with SL of  7520 NS Now.

Happy Trading ! !

Pull Back

As Expected - - NS pulled backed from the resistance mentioned earlier .

It is buy on Dips but as a contra view . . One may short with SL of 7645 too.

Or Buy with SL of 7460 NS . 

Choice is yours - - I will be betting on the bearish scenario .

Happy Trading .

What to Expect Next Week

What a Spectacular Start for the Series .

7480 NS SL Taken - - Targets were already mentioned earlier . See Below . 

_________________________________________________________________________________

Jan 22, 2016

The First Bear Market Rally.

And the News is Market makes a Come back.

Well Bear Market rallies as Ferocious just to get shorted .

Keep a SL of 7480 EOD NS as of now and remain short .

Above 7480 Doors are open for 7560 - 7680 - 7740 . As of now looks a False Break out.

Lets see how Monday Behaves .

Happy Weekend ! !

_________________________________________________________________________________


For Monday Expecting a pull back from 7605 - 7620 NS . Note this is just a Correction for the deep Fall that happened in January . Buy SL 7460 NS .

Happy Weekend ! !

Stage Set for Another Round of Selling

Expiry blues also were not able to scale NS 7480 .

Series of Lower Lower Low / Lower High within the small range after making swing lower high.

Needless to say 7040 in contention Now - - SL 7480 NS.

Happy Trading ! !

Did Nothing

Did nothing today owing to the Lack luster Market.

As of now short remain with SL of 7480 NS.

Big Day ahead tomorrow . . Looks like 7400 should break eventually tomorrow.

Happy Trading ! !

7480 NS saved

Well as of now 7480 Saved .

Needless to say Stay short with the SL . Targets as given earlier.

Happy Trading ! !

The First Bear Market Rally.

And the News is Market makes a Come back.

Well Bear Market rallies as Ferocious just to get shorted .

Keep a SL of 7480 EOD NS as of now and remain short .

Above 7480 Doors are open for 7560 - 7680 - 7740 . As of now looks a False Break out.

Lets see how Monday Behaves .

Happy Weekend ! !

Another Panic awaits

Traders Delight .

Well we have closed below 7280 - A weekly close tomorrow below 7280 will invite 7120 - 7040 - 6940 -6739 .

Please remember tomorrow weekly close so Weekly trend will assert .

Prudent to remain short SL 7480 NS ! !

Rest in Peace

Well 7280 and much lower done .

Nothing to add today - - Will take a Fresh View Tomorrow .

But don't forget to sell on rallies.

Happy Trading ! !

Pause

Well just a Pause in the market .

7280 Still pending. Short the rallies . SL 7580 NS

Happy Trading ! !

Bulls throw the Towel

Earlier looked like 2008 repeating now looks like worst than 2008 .

Market has wiped out all the New Govt Gains . Remain Short with SL of 7580 NS. Since we are nearing 7280 NS don't short Blindly - -  Cover your shorts tomorrow - - Relax - - Take a Deep Breath - Switch off the Terminal for a Day or Two and then again look at the market with a new perspective.

Reliance Melting as Expected . 

Happy Trading ! !

More to come

Well As expected every thing is melting.

Still more to come for the first time weekly close has been below 7500 - 7280 is the obvious target .

Stay Short and Raise SL to 7640 NS now - - EOD Basis . Don'tt forget to cover shorts in the 7280 - 7380 range . After wards Stay Light .

Look for Oil and Gas sector to short - - The last capitulation will end will The Big B Reliance . Agreed Reliance is in a Secular Bull Run - But retracement till 1000 - 980 - 960 cannot be ruled out .

Happy Weekend ! !

2008 Repeated

All in all Looks like a Repeat of Jan 2008 .

Nothing to add stray short with Sl of 7640 or 7740 NS.

Wait for the final Capitulation.

Happy Trading ! !

Ride the Tide

What a Spectacular Day --- Shorts with SL of 7640 got the credit and the Panic Buyers too had a great time.

But caution ahead any ways doesn't look like Bullish . Bear Markets are always like this .

Nothing else to add - - Short SL 7640 NS or 7740 Max.

Happy Sankranti ! !

Finally Below 7540 NS

May times said that 7540 in danger and finally closed below it.

Only the confirmation pending tomorrow . For tomorrow look for bounces to short with SL of 7640 NS.

Any close above 7640 - 7680 NS will invite huge short covering till 7740 levels and may be even higher. So tomorrow is the time to put strict SL on the screen.

Any close tomorrow below 7540 and gates are open for 7200 odd Levels.

Happy Trading ! !

Knocking at the Doors of Hell

Well 7480 NS approx done --- Chill yaar leave something on the table for others too.

The bounce to materialized from the levels mentioned and NS staged a Spectacular rally . Well for tomorrow look for shorting near 7630 - 7640 Levels with SL of 7740 Levels. Targets comes around 7480 - 7420 Level Again .

If every thing goes well then may be 7740 NS is the resistance for the month - - Let the market say that .

Downside don't know but the way the Mass is trying to catch the falling Knife Don't know how many will get Cut .

My experience says Never Fight with the market nor the prices and at present the prices are showing more pain in future . Keep aside your Ego and Follow the Market Rhythm.

Have a Great Day ! !

Where is the bottom

Well the longs taken near 7580 - 7610 may have booked out.

Attached here is the year chart of nifty . As per MACD a new low around 7480 - 7420 would generate a good positive divergence near the triple bottom area .Also the fast and slow Stochastic are giving signs of reversal .

Only concern is RSI (14) which is still not giving any positive divergence . As per RSI the bottom may come near 7200 - 6800 odd Levels .

So what for monday - - Well below 7540 - - Margin calls may get Trigerred . Short may get get covered near 7500 - 7480 - 7420 region and wait for clarity to emerge . EOD close below 7540 on Monday would invite more pain in the markets and may be 7740 would act as resistance for the whole month.

If some one wants to buy near lows then he can with a SL as per his risk appetite. Me too expecting a Bounce form lower levels  - - But "As Said Price is Supreme" - - Let the Price show buying and we will definitely not miss the Train.

This is the best time to accumulate deliveries at all lows .

Have a Great Weekend ! !

7540 in Danger

Well the Intermittent bounce did not got the desired results.

There was only one direction that is south wards , Those who have dared to buy near 7610 - 7580 levels may book at cost else keep strict SL of 7540 NS . Unless we cross 7640 It is now sell only with SL of 7740. Another downward leg opened today. Looks like we are visiting 7280 - 6800 Odd levels.

As expected ADAG Melted - LIC Housing Finance Melted .

For tomorrow look for Arvind on the Short side Below 335 Spot Levels.

Have a Great Day ! !

Buy the Fear

Well Its Global Mayhem .

Buy the Panic today near 7610 - 7580 with SL of 7540 NS for intermittent bounce .

Avoid Shorts at Lower Level .

Happy Trading ! !

On dot

Well we closed sharp at 7741 NS ---- First phase of short selling got over today.

No comments for tomorrow as we are at crucial juncture of 7740 NS . If bounces from here and closed above 7840 then we are headed for all time high & If we close for two days below 7735 NS
doors open for 7540 and even 7200 odd levels.

Would like to keep fingers crossed and will take a call on Nifty tomorrow . Will update tomorrow during market hours

As Expected ADAG stocks Melted  - - Don't be long in it.

LIC Housing Finance has not corrected - -  keep a watch on it for selling opportunity .

Have a Great Day ! !

Bears Dancing

Well closed below 7835 NS for the second day .

Even 7740 is in danger now - - Don't know where this fall will fall will stop but the moment we reverse after the fall ---- there is glimmer of hope of the horizon .

Star Sip in Quality stocks at each fall for delivery .

NS is still in Short Mode SL 7840 NS EOD Basis . Target are 7735 - 7680 - 7620 -7540 . Caution for shorts near 7740 NS.

ADAG Stocks may give a knee jerk reaction in few days - - Avoid Buying it.

Have a Great Day ! !

The kiss of the Dragon

Well after the timid show and exhausted rally today with the FII getting geared up we saw the escalators of the bears in full swing .

Well we have closed well below 7835 NS .  The next critical level to watch for is 7735 . For tomorrow we may reach 7760 -7740 where buying with small SL can be done else Trail SL to 7880 for tomorrow . Remember later on as day passes the Trailing SL will also come lower . Below 7735 Even 7540 will be in danger .

Have a Great Day ! !