Dated :- 29.10.2013 (TUESDAY)

                                                             NIFTY  :   6220.9

Hi,

Readers,

As was mentioned in my last blog that actual bearishness in Nifty will come only if it breaks below 6050. Nifty did not even tested this level.

And it was also mentioned that if the Nifty holds 6110 than it will give a rebound. Now see the rebound is there. Nifty rebounded and closed at 6220.9.

Now What :-

Enjoy the rebound and keep booking profits.

Levels to watch on up side are 6252 and 6350.

On down side 6110 and 6050 shall act as support.

Enjoy the profits.

Dated :- 27.10.2013 (SUNDAY)

                                                                NIFTY  :   6144.90

Hi,

Readers,

As mentioned in my last blog that Nifty will trade with bearish bias only when it will break and sustain below 6110.

And the bearishness will come when it will break and sustain below 6050.

Till then wait and do not make any positional short. Because if this 6110 holds than Nifty may give a rebound.

Till now Nifty is holding this 6110. On Oct. 25, 2013 Nifty made a low of 6125 and closed at 6144.9.

Be cautious and have patience because it is patience with intelligence which give rewards.

Trade accordingly.

Dated :- 24.10.2013 (THRUSDAY)

                                                                 NIFTY  :   6164.35

Hi,

Readers,

As was mentioned in my last blog dated Oct. 18, 2013 to book full profits and exit, even after 4 days Nifty is still standing at virtually the same level.

Also refer to my blog dated Oct. 06, 2013 in which it was mentioned that Banking Stocks are making positive patterns. Now today all the baking stocks are much above the levels on Oct. 06, 2013. Those who have not booked profits in Banking stocks can book full profits here.

What Now :-

Nifty is now showing the signs of distribution. In last four trading sessions Nifty chart has made Distribution / bearish pattern on daily chart. Nifty has made Doji, Hammer and shooting star candle stick pattern which are bearish signals pending confirmation.

But the confirmation of the same is still to come.

Below 6110 Nifty will be bearish but the final crackdown level of Nifty is 6050.

This 6050 should be the level where any person trading with technical analysis would not like to have any long position in Nifty.

Nifty have to stay below 6050 to go down further.

Trade accordingly and wait for the breakdown whenever it comes. 

Dated :- 18.10.2013 (FRIDAY)

                                                                             NIFTY  :   6189.35

Hi,

Readers,

It gives us immense pleasure and happiness that Nifty has given cheers to the readers who have followed the blogs.

It was clearly advised in my blog dated October 06, 2013 to go long and it was said that money shall be made only on long side. At that time Nifty was at 5907.

Now the result is in front of you. Nifty has given more than 300 points upside movement in small time and today closed at multi month high at 6189.35.

Now it is the time to book full profits and step aside.

Nifty may have some more upside. It was good that the entry of the readers of this blog was at right time and it is prudent to protect the profits first.

Enjoy the profits.

Happy SHARAD - PURNIMA.

Dated :- 13.10.2013 (SUNDAY)

                                                          NIFTY  :   6096.2

Hi,

Readers,

Nifty is moving as was expected and mentioned earlier in my blog that be long and money shall be made on long side only.

It was also mentioned about the Banking stocks that they are making positive patterns. Result is in front of you.

Keep booking the profits as volatility will be there.

Enjoy the profits.

Happy VIJAYA – DASHAMI.

Dated :- 13.10.2013 (SUNDAY)

CORRECTION FOR NIFTY LEVEL ON DATE OCTOBER 03, 2013 :-

On Oct. 03, 2013 Nifty was closed at 5909.7 but in my blog dated Oct. 3, 2013 Nifty close was wrongly typed as 5735.3. 

It is to be considered as typing error.

Dated :- 09.10.2013 (WEDNESDAY)

                                                     NIFTY  :   6007.45

Hi,

Readers,

Nifty did exactly the same as was mentioned.

It was clearly mentioned in my blog dated October 06, 2013 that money shall be made on long side only.

Now see Nifty is above 6000 and closed at 6007.45.

But do keep booking profits regularly as market will remain volatile.

Enjoy the profits.

Also it was mentioned in my blog of October 06, 2013 that Banking stocks have started showing patterns on positive side. Anybody who would have gone long in banking stocks would have made profit. Keep protecting your profits and enjoy the profits.

Happy Navratra’s.

Dated :- 07.10.2013 (MONDAY)

                                                      NIFTY  :   5906.15

Hi,

Readers,

Nifty did exactly the same as was mentioned.

It was clearly mentioned that money shall be made on long side.

Anybody who would have gone long on Nifty at any point of time today would have enjoyed the profits.

Happy Navratra’s.

Dated :- 06.10.2013 (SUNDAY)

                                                            NIFTY  :   5907.3

Hi,

Readers,

Nifty did exactly the same as was mentioned in my last blog on October 03, 2013 wherein it was mentioned that Nifty on October 4, 2013 (Friday) will trade with bearish bias and it was mentioned to trade with –ve bias only for intraday for October 04, 2013. Nifty gave two bouts of downward movement on down side of 60 points each. Traders who would have Shorted Nifty any time in the day would have earned profits.

It was also mentioned to close the position at the end of the day.

I hope readers would have enjoyed Profits.

Now What :-

Nifty had given bullish breakout of bearish head & Shoulder pattern. Means, bearish head & Shoulder pattern was made on hourly charts and Nifty has proved that bearish breakdown as false and rose above that.

Although we have spotted the same and mentioned in my blog on September 30, 2013 that rebound is coming & the result is in front of you. We captured both the down and up moves in Nifty.

Now Nifty is even on the verge of breaking out bullish Inverted Head & Shoulder pattern on hourly charts above 5955.

This combination (Failed bearish H&S pattern and making bullish H&S pattern) is interesting. (H&S is Head & Shoulder)

Nifty on its immediate charts is positive. Which says that money shall be made on long side BUT BUT… pattern support to Nifty will be available only if it sustains above 5955.

Banking Stocks have started making some patterns that are looking interesting on positive side.  

But they will move only if Nifty moves or vice – versa.

BUT… do keep one eye on strong news flow from within the country and especially from US which is threatening to be bad and adverse and is capable of forcing the Nifty to go down.

Trade accordingly.

Dated :- 03.10.2013 (THURSDAY)

                                                         NIFTY  :   5735.3

Hi,

Readers,

Nifty rebounded exactly as was mentioned in my last blog. Where it was mentioned that Nifty is about to rebound.

Nifty rebounded 200 points from the lows.

Remember it was also mentioned in my last blog that coming days will be full of volatility. The same is happening.

Book Profits.

Now expect the Nifty to go down again tomorrow. But tomorrow try to book profit in intraday only as the coming days will be volatile.

Enjoy the profits.