Jun 30, 2016

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 ! !

Jun 29, 2016

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 ! !


Jun 28, 2016

Visit to 7930 Pending

Well no change is Levels .

Keep the SL the same targets as mentioned.

Happy Trading ! !

Jun 27, 2016

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 ! !

Jun 24, 2016

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 ! !

Jun 23, 2016

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 ! !

Jun 21, 2016

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 ! !

Jun 17, 2016

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 ! !

Jun 16, 2016

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 ! !

Jun 15, 2016

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 ! !

Jun 14, 2016

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 ! !

Jun 13, 2016

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 ! !

Jun 11, 2016

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 ??????




Jun 9, 2016

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 ! !

Jun 8, 2016

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 ! !

Jun 7, 2016

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 ! !


Jun 6, 2016

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.