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 .