Dated :- 24.11.2013 (SUNDAY)

                                                       NIFTY  Spot :   5995.45

Hi,

Readers,

After sharp fall as was timely cautioned in my blog dated Nov. 19, 2013 Nifty chart is showing interesting chart patterns at present.

On one hand on daily charts Nifty is showing that it is on the verge of breaking down bearish head and shoulder(H&S) pattern below 5940. And co-incidentally downward sloping channel is also at 5930.

Thus 5930 becomes very important level. Close below this level will give bearish H&S breakdown and channel breakdown.

On other hand on hourly charts Nifty chart is showing that it is oversold at this point of time. Nifty hourly chart is also showing +ve divergence on RSI.

Which indicates that Nifty wants to rebound.

CHARTS ATTACHED.

This week is expiry week also thus volatility will be there.

For current week 6140 will be a very important level in case of rebound. 

DAILY CHART SHOWING
H&S PATTERN &
CHANNEL

HOURLY CHART SHOWIMG
+VE DIVERGENCE ON RSI

Trade accordingly.

Dated :- 21.11.2013 (THURSDAY)

                                                          NIFTY  Spot :   5999.05

Hi,

Readers,

In my last blog on Nov. 19, 2013 (Tuesday) it was advised to profit in all the long positions when the Nifty was at 6203.

Result is in front of you.

My prediction proved true and Nifty came down sharply 200 points from there in just two days.

I hope readers would have enjoyed the profits and timely caution.

Dated :- 19.11.2013 (TUESDAY)

                                                                 NIFTY  Spot :   6203.35

Hi,

Readers,

As was mentioned in my last blog that if Nifty crosses 6170 it will gain strength. Yesterday it did the same.

Today Nifty showed strength and was up only 14 points and closed at 6203.35.

NOW WHAT :-

Nifty close above 6170 should have given more strength to Nifty and it should have moved up with good pace.

But since Nifty was up only 14 points today which shows that the quality of strength which should have been there may or may not be there.

So, what does readers do:-

It is always better to be on safe side and protect profits first.

Whenever you have any indication of doubt you should first think of protecting profits first.

Since I do not write blog during market hours thus readers would not be able to get the idea what Nifty exactly is doing. Since readers of this blog are long from 5980 around levels. And some might have made further longs yesterday when Nifty went above 6170.

Thus readers of the blog are advised to book profits from all Longs in Nifty and step aside.

Enjoy the profit.

Dated :- 18.11.2013 (MONDAY)

                                                                    NIFTY  Spot :   6189.00

Hi,

Readers,

As was mentioned in my last blog that 6170 level is important for Nifty. And it was also mentioned that above 6170 do not short Nifty.

I predicted rebound in Nifty in my blog dated Nov. 12, 2013 in which it was mentioned that 5950 will hold and Nifty will rebound from there. And it has done the same.

NOW WHAT :-

Nifty has given close above 6170 level and those readers who are long in Nifty should keep strict stop loss in Nifty at 6110.

As the rise in Nifty is fast and the stop loss in Nifty is not far it is recommended to book part profit in Nifty and carry the balance position with strict stop loss of 6110.

Dated :- 17.11.2013 (SUNDAY)

                                                          NIFTY  Spot :   6056.15

Hi,

Readers,

As was mentioned in my last blog that Nifty has support at 5950 levels and is expected to rebound from there. Nifty did exactly the same, it made a low of 5972 and rebounded 130 points from there. It made a high of 6101 and closed at 6056.15.

I hope readers would have enjoyed the profits.

Now what :-

Till the time Nifty is closing below 6170 on daily charts this rebound should be treated as trading rebound only. Means that this rebound should be used to book profits in long positions.

 Because, till the time Nifty is closing below 6170, charts are showing that Nifty can come down any time.

But if it closes and stays above 6170 than the immediate downtrend would be arrested.

NUT shell :

6170 level is important to keep in mind.

Below 6170 do not be make long in Nifty.

Above 6170 do not be short in Nifty.

For next move on Nifty as and when it occurs Keep reading the Blog.

Dated :- 12.11.2013 (Tuesday)

                                                             NIFTY  Spot :   6018.05

Hi,

Readers,

It gives me immense pleasure to say that we predicted the top for this rally pin point.

 Exactly on DIWALI DAY it was mentioned in my blog that BOOK PROFITS in all long positions and close all long positions and take LAXMI HOME on MUHURAT day. It was also mentioned that correction in Nifty is coming.

Readers of this blog had the opportunity to exit all long positions when the NIFTY was highest.

Now what :-

As was mentioned in my last blog that 6100 to 6230 would be the battle ground of bulls and bears. Which proved to be true. After breaking 6100 Nifty fell nonstop to 6011 level and closed at lowest point of the day.

I hope readers would have enjoyed the profit.

Now the next support for Nifty is coming at 5950 - 5900 levels. From where rebound can be expected.

Enjoy the profits.

Dated :- 10.11.2013 (SUNDAY)

                                                                        NIFTY  Spot :   6140.75

Hi,

Readers,

As was mentioned in my last blog that the level of 6100 to 6230 will be a strong battle ground of bulls and bears.

The same is happening. Nifty is still in the battle ground and the tussle is on.

Nifty movement will be volatile.

Trade accordingly.

Dated :- 06.11.2013 (WEDNESDAY)

                                                                          NIFTY  Spot :   6215.15

Hi,

Readers,

It was clearly mentioned in my blog on DIWALI day that correction is coming and thus book profits from all long positions completely. I hope readers would have enjoyed the correction.

Readers of this blog had the opportunity to exit all longs at highest level of Nifty at 6342. Today Nifty is standing at 6215.

NOW WHAT :-

The level of 6100 to 6230 will be a strong battle ground of bulls and bears.

Nifty movement will be volatile.

Trade accordingly.

Dated :- 05.11.2013 (TUESDAY)

                                                              NIFTY  Spot :   6298.80

Hi,

Readers,

I hope readers would have enjoyed the correction in Nifty today. As it was clearly mentioned in my last blog Dated Nov 03, 2013 (DIWALI DAY) to completely book profits from all longs positions on MUHURAT trading and take LAXMI HOME.

On that day Nifty made Highest level of this move. It was also clearly mentioned that the correction is coming and that has come today.

Result is in front of you. Nifty corrected and made a low of 6284 today. Professional traders would have made money intraday by selling Nifty.

Enjoy the profits and keep reading the blog.

Dated :- 03.11.2013  (SUNDAY)                   NIFTY  :   6307

Hi,

Readers,

First of all

 HAPPY DIWALI TO ALL OF YOU & YOUR FAMILY.

As was mentioned in my last blog to ride the trend and further levels for Nifty will be 6250 and 6350.

Today Nifty is standing at 6307.

Now it is the time to book full profits from all the long positions completely today at Muhurat day and take LAXMI Home & step aside and enjoy the profits.

Nifty charts are showing signs of heaviness. Momentum indicators of Nifty are showing that they can not take Nifty too far from these levels without correction.

And the correction when ever it will come shall decide the fate of Nifty.

Till then step aside as prudent person always protect its profits first.

Enjoy the profits.