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 ! !