Dated :- 25.08.2013 (SUNDAY)

                                                    NIFTY  :   5471.75

Hi,

Readers,

Nifty has done exactly what was mentioned in my last blog.

It was clearly mentioned that the level for nifty on down side was 5300 and Nifty made low of 5254 twice but closed at 5302 giving respect to the levels mentioned in my last blog.

It was also advised to book profits on short position and step aside. And the same happened. Nifty gave rebound from the levels mentioned in my blog.

It was also clearly mentioned that IT stocks will face bears music and it happened. IT stocks gave sharp downslide of around 5% to 8% after my last blog.

Bank Nifty was also predicted in my last blog, wherein it was clearly mentioned that Bank Nifty is not willing to go too much below 9100 without Rebound. Look, the same happened, it rebounded sharply to 9766 level once and came back from there to 9005 and then again gave rebound from there to close at 9470.

I hope readers would have enjoyed great profits.

Now What :-

Nifty chart is showing reversal pattern but, the point is that overall trend is still down. Thus, this reversal pattern has to prove itself and give breakout for traders to take aggressive buy trade.  See, bear market rallies are normally very sharp and very luring. One has to be very tactical and nimble footed while playing those rebounds. Those rebounds should be played at initial stage of rebound and small profits should be booked from them. Like the trade mentioned in my last blog about Bank Nifty.

At this point no clear trade is there in Nifty.

So, it is advised to keep enjoying the profits and sit aside and play the volatility on intraday basis or very short term basis with tight stop losses.

Coming week is expiry week also, thus expect volatile moves.

Dated :- 18.08.2013 (SUNDAY)

                                                                          NIFTY  :   5507.85

Hi,

Readers,

Nifty has done exactly what was mentioned in my last blog.

It was clearly mentioned that this market is sell on rise market.

It was also clearly mentioned in my last blog that the levels for rebound in Nifty was 5750, and the same has happened. Nifty made a high of 5754 and again started its downward journey with intense pace and fell 234 points in one day. It is all GOD’s grace.

I hope readers have enjoyed the profits. But remember keep booking profits regularly.

Charts automatically creates the news for themselves.

Now what :-

Enjoy the profits in Nifty and keep booking profits and then step aside. And keep reading the blog for next moves at it happens.

Nifty has its lower target of 5400 and even around 5300. But see, after such kind of intense fall avoid fresh short positions. Rather, be satisfied with your current short positions and keep booking profits regularly. Otherwise the next rebound whenever it comes will eat up your profits.

Now it is the time of IT Stocks to face the music of bears in coming days. Till now they have been hard cookie to bite. But now, coming days are going to be very hard for bulls in IT Stocks.

Also, Bank Nifty has started showing signs that it want rebound in coming days and charts are signaling that Bank Nifty is not willing to go too much below 9100 without a rebound. Avoid fresh selling in Bank Nifty and those who are enjoying great profits in Bank Nifty are advised to start booking profits.

Be careful for the trades on Monday Morning. At least for first one to one and half hour. Because these type of big falls can have margin call effects on next day. Which may or may not come, but, if at all it is there, it will come on Monday morning.

Enjoy the profits.

Dated :- 10.08.2013 (SATURDAY)

                                                                    NIFTY  :   5565.65

Hi,

Readers,

As mentioned in my earlier blog that Nifty is expected to give rebound from these levels and Nifty does exactly the same. It tried to rebound from those levels.

Readers please note that the overall trend of this Nifty is down.

Nifty’s down move which started from 6093-94 had first target of 5380 – 5400 that too with different up down moves.

This market is sell on every rise market.

Now watch the levels of 5380 – 5400 on down side and levels for rebound in Nifty to 5680 and 5750 levels on upside.

Dated :- 06.08.2013 (SUNDAY)

                                                                                  NIFTY  :   5542

Hi,

Readers,

Nifty has done exactly the same what was mentioned in my last blog.

 Wherein at 5677 it was recommended to book part profit of the short position (shorted at 5850). Also it was clearly advised to ride the trend in the balance of the short position.

Now, when the Nifty has come down further and made a low of 5521 and close at 5542. Readers are advised to close the balance short position.

As Nifty can give a small rebound in coming days.

Keep reading the blog for further movement in Nifty as it happens.

Enjoy the profits….

Dated :- 04.08.2013 (SUNDAY)

                                                                                NIFTY  :   5677.90

Hi,

Readers,

Nifty has done exactly what was mentioned in my last blog. Wherein it was clearly mentioned that as and when Nifty breaks 5850 go short and more downside levels are coming. It was also mentioned that below 5850 the technical pattern of Nifty will be negatively dented and bears will start smelling the blood.

After breaking 5850 Nifty was in complete bear grip and the fall was relentless wherein Nifty fell 200 points within couple of days and made a low of 5649 on Friday ( 2^nd August).

Even good positive announcements from government could not provide support to Nifty because there was clear indication on charts that the Nifty will come down. It is all technical analysis.

Now what Next:-

Overall trend of Nifty is still down and at present one should not be bullish. 

But, since the short position is giving around 200 points in no time and good support of Nifty is coming ahead at 5600-5625 levels. It is advised to book part profit here and wait for selling again on rise. Wise man always protects his profits.

Actual Stop loss of this Nifty short position is at around 5925 levels on closing basis. But after making good profit in couple of days and having grip on the short position it is not wise to have such a long stop loss. Thus one should look for second best stop loss which should be decent one. Second good stop loss is at 5858 on closing basis which is also incidentally the entry point of the short position.

Thus it is advised to keep stop loss for balance short position at 5858 at closing basis and ride the trend.

Enjoy the profits.