Dated :- 28. 12. 2014

                                                                  NIFTY SPOT : 8200.70

Hi,

Readers,

Kudos.

Nifty moved exactly as was mentioned in my last blog.

Nifty made a low of 8148 and closed at 8200.70.

Now What :-

Book full profit for once and wait for the next move to come.

Enjoy the profits & Keep reading the blog for next move as and when it happens.

Now wait and watch how Nifty will deal with the range of 8100 on the downside and 8300 on upside on immediate basis. Because Nifty seems to be giving respect to support levels. Time will tell. Now wait and see what Nifty does between 8100-8300. 

Dated :- 23. 12. 2014

                                                                  NIFTY SPOT : 8267.00

Hi,

Readers,

Kudos.

Nifty moved exactly as was mentioned in my last blog dated Dec. 21, 2014 pinpoint.

It was clearly mentioned that real test for Nifty’s rebound will be between 8330 to 8380. And this 8330- to 8380 is the level from where Nifty is expected to come down again. It was also mentioned that Nifty is sell on rise.

Last Blog Quotes:-

“Real test of this rebound will be at 8330-8380. Because these may well be the points from where Nifty may come down again.”

Look what Nifty did. It did exactly the same. It made a high of 8364.75 and fell more than 100 points from there to make a low of 8252.85. The fall was relentless and fast.

Now What :

I always say that when ever profit comes so fast one should think to protect it first. Book part profit here and keep the stop loss of cost for balance position and trail the same.

Enjoy the profits.

One point I would like to mention here also is that, with this fall in Nifty follow through is necessary. Balance short positions should be trailed keeping in mind that Nifty should close below 8230 within 2-3 trading sessions from now. If Nifty does not close below 8230 within 2-3 trading sessions from now then one should revisit the charts and think of protecting profits from the balance position also. Because in that case as per the technical parameters Nifty may try to rebound again.  

Dated :- 21. 12. 2014

                                                                   NIFTY SPOT : 8225.2

Hi,

Readers,

First of all Wishing my Elder brother a very “Happy Birth Day” today.

His Birthday is very auspicious day for me, He inspired me to write this blog and whatever I am today, He holds a very big hand in that.

Nifty moved exactly as was mentioned in my previous blog. Wherein it was mentioned that break below support of 8180 even 8000 is possible.

Nifty did exactly that and even made a low of 7961 and rebounded from there immediately.

Now What :-

Nifty is still considered to be an index which is sell on rise.

Nifty has resistance at 8250-8330 and 8380.

Real test of this rebound will be at 8330-8380. Because these may well be the points from where Nifty may come down again.

Also Bank Nifty is standing at important levels and it is the Bank Nifty which will decide the time, levels and future for Nifty.

Further course of Nifty’s move will be decided how Nifty deals with 8330-8380 levels which is major resistance. Whether Nifty will be able to even reach there or not, time will tell. This is the time to wait patiently and let Nifty speak its trade itself. With clarity of thoughts that :

1)   Nifty is sell on rise till now.

2)   Major Resistance at 8330 -8380.

3)   Good resistance at 8250.

4)   Nifty has made morning star reversal pattern on daily charts showing rebound may want to spend a little time here.

5)   Stochastic on daily chart is not favoring sell at present. Wait for stochastic to favor the sell trade.

6)   Bank Nifty is at critical level will decide the next move on Nifty.

    

     Since Nifty is sell on rise, this rebound in Nifty may fizzle out any time abruptly also. May even not test 8330. Time will tell. Nifty has to prove itself and break certain levels to make sure that the uptrend which is still intact is resuming again. Till it happens Nifty is sell on rise index.

Dated :- 14. 12. 2014

                                                                  NIFTY SPOT : 8224.10

Hi,

Readers,

Nifty almost achieved all the target on the down side which were mentioned in my earlier blog dated Dec 09, 2014.

It was mentioned that targets for Nifty can be 8290- 8180. Nifty made a low of 8216.

Nifty had biggest weekly fall after a long time.

Nifty is down more than 400 points from the high of 8627.

Fear has started to come into the minds of traders.

Even World Markets also are falling down as if there is no tomorrow.

Now What :-

Nifty has major support at 8180 levels and if this level is also broken then even level of 8000 can not be ruled out. Time will tell.

Now for the time being Nifty is sell on rise index and every bounce should be used for identifying selling opportunities.

Now 8400-8420 will keep on acting as major resistance area for Nifty and will keep ensuring that till Nifty is below 8420 it is for sure a sell on rise.

As I normally say that, when ever good profit comes so quickly one should grasp it with both hands. Greed is the biggest enemy in this market.

Strategy is to use rebounds to sell to keep risk reward ratio in favour.

Trade accordingly & Enjoy the profits that too god one in just one week.

Dated :- 09. 12. 2014

                                                                 NIFTY SPOT : 8340.70

Hi,

Readers,

KUDOs.

Nifty fell exactly as was predicted by me in my previous blog.

Like many times before this time also the exact time and level of start of correction was predicted and updated on the blog well in advance.

Nifty fell like pack of cards and is now standing at 8340 around 300 points below from the top of 8627. Within this it shed 200 points in just 2 trading days.

Keep booking profits.

Lower targets can be 8290-8180.

But one should also remember when the profit comes so quickly one should grasp it with both hands. Greed is the biggest enemy in this market.

In these kind of falls even small trading rebounds tends to be very sharp.

Now for the time being Nifty has become sell on rise index.

Keep booking the profits and enjoy the profit. 

Dated :- 07. 12. 2014

                                                                        NIFTY SPOT : 8538.30

  

Hi,

Readers,

In my earlier blogs it was mentioned to book complete profits between 8570 to 8630 level and step aside.

In the current week also, even after too much of euphoria Nifty was not able to even cross 8630.

Nifty is being held up to these higher levels by index management. In last 2 days thanks to ITC which contributed a lot to Nifty.

Now What :-

Nifty seems to be losing its momentum and the –ve divergences on Daily & weekly charts seems to be ultimately having its say now.

Looking at Nifty’s charts it seems that Nifty may be getting ready for correction.

For Nifty 8491 is important level and break below that level will force many traders to unwind their long positions.

Another important point I would like to refer here is that if & when Nifty breaks the above level of 8491 watch for ADX also, because many Technical indicators are saying that correction may be around the corner. But this ADX is showing otherwise till now.  Thus if ADX also supports the correction then it further gives confirmation that correction is real.

That correction will give the opportunity to make money by short selling.

On the upside now 8630 will continue to remain major resistance area for Nifty.

Trade accordingly and get ready for correction.

Dated :- 30. 11. 2014

                                                                          NIFTY SPOT : 8588.25

Hi,

Readers,

Nifty moved exactly as was mentioned in my previous blog.

It was mentioned that 8570 – 8630 is the level where complete profits should be booked and step aside. Nifty made a high of 8617 and closed at 8588.

One should not be too much greedy.

Although Bank Nifty and PSU banks have given fresh breakouts on the chart but even then booking complete profits and stepping aside is safe and better strategy.

Wait and watch Nifty from the sidelines. Let the euphoria to settle down and wait for the next clear movement of Nifty which will be updated as & when it happens.

Enjoy the profits.

Dated :- 23. 11. 2014

                                                                    NIFTY SPOT : 8477.35

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my previous blog.

It was clearly mentioned that till Nifty is holding 8320 only trade available in the ring for Nifty is to search for long side trades.

Nifty on Friday Nov. 21, 2014 broke the range with a bang and moved above 8470. Justifying the analysis that till Nifty is above 8320 look for only long trades.

Now What :-

Now Nifty has moved out of the range and closed above 8470. The trailing stop losses for Nifty should be raised to 8406 level closing basis.

Next resistance level for Nifty will be 8570- 8630. And these are the levels where one should book profits & step aside. I believe that in this market one should not be greedy and “Profit woh hai Jo ghar aa gaya”.

On the other side if Nifty some how, in any case, comes down and closes below 8406 then book full profit from all long positions and step aside. Then, that will be the time for reviewing the chart of Nifty for any possibility of even short selling Nifty. Time will tell.

We have expiry also in next week thus expect volatility.

Volatility index is standing at lowest level for long time now & expect volatility to increase in coming days.  

Dated :- 16. 11. 2014

                                                                         NIFTY SPOT : 8389.9

Hi,

Readers,

Nifty is still stuck in a small range. It tried to move out of this range but again went into the range.

Now what :-

Nifty is with the range of 8320 to 8408.

Breakout on either side will give trading opportunity.

Nifty is trading with bullish bias till it is holding 8320. Nifty is also making flag like pattern on daily chart. If Nifty breaks out on up side then Nifty should not take too much time to cross 8450-8470 if this breakout is real. However if even after breaking the range on the up side Nifty takes time to cross 8450-8470 then one should be cautious. Because then Red Flags should be raised about the strength of the breakout.

Till Nifty is holding 8320 only trade available in the ring for Nifty is to search for long side trades.

On the other hand if Nifty breaks below 8320 then it will mean that Nifty is taking resistance of 8430 is getting ready for correction.

Dated :- 11. 11. 2014

                                                                         NIFTY SPOT : 8362.65

Hi,

Readers,

Nifty is moving in a very small range of around 50 points for the last 5 days. Therefore justifying the decision of staying out as a right decision. It is these kind of grinding days which tests the patience of analysts & traders.

Current move of Nifty is indicating that intermediate top is nearby. It is just the matter of time & level where Nifty actually makes that top.

Another interesting & logical point I would like to mention here is that, when majority of participants wait for Nifty to move further 100 to 200 points where they will feel comfortable to short sell Nifty saying that risk reward ratio is good. Question is logical that, in that case, whether Nifty actually goes to that level or not? Time will tell whether it goes there or not or even surpasses it. If it listens to the general consensus then probability of even surpassing it and running further becomes more to surprise the consensus.

On the upside Nifty has resistance at 8390 - 8430 – 8470 – 8540.

On the downside Nifty has support at 8285 – 8240 – 8180.

Nifty chart is indicating that small grinding movement time may be getting over at least for the time being. In next two days it is expected to take a small move on one side. Initially expect that move to be around 100 points one side.

On the upside I had already mentioned the levels above. And on down side 8285 level is very important level. Because below that level many long positions will get be squared off.

Dated :- 09. 11. 2014                                 NIFTY SPOT : 8337.00

Hi,

Readers,

Nifty is virtually standing at the same level. On Nov. 02, 2014(date of my previous blog) it was at 8322 now today is it at 8337.

In my previous blog it was mentioned to book complete profits from all long positions and step aside. And “Jab DO Hathi Lad rahe ho to side mein reh kar dekna he achha.”

Today when Nifty is at 8337 the view is same. Till the time Nifty is not getting out of its euphoria heat, watch Nifty movement only by sitting on sidelines and wait for Nifty to give right and clear signals.

Dated :- 02. 11. 2014

                                                                    NIFTY SPOT : 8322.2

Hi,

Readers,

Nifty moved up as mentioned in my previous blog, that, this up move of Nifty may prove to be good one. Rather this move proved to be blasting one. Nifty is running rather flying up very fast.

Let me also accept that I expected & mentioned in the blog for Nifty to go up, but, I did not expected it to go up so fast. Also the last possible targets were expected to be 8150 - 8250. But Nifty was in a hurry to reach and break all the targets and even move higher and closed at 8322.2.

This may be a combination of euphoria & short covering.

Now What :-

Nifty is in euphoria mood. It is better to book complete profits from all long positions here and step aside. There is no point taking fresh long positions here even if Nifty may move few more points further. There is no harm missing some points of further move(may or may not be) when the risk is high.

Let the market complete this euphoria and have breather that will be the time to take fresh position. When the risk reward ratio is not favorable there is no point taking any trade.

“Jab DO Hathi Lad rahe ho to side mein reh kar dekna he achha.”

Some of my specifical analysis are indicating that this may be near to the top formation move for Nifty. Whether it is actually making top or not. Time will tell.

Better wait & step aside then to have an accident.

Dated :- 26. 10. 2014

                                                                      NIFTY SPOT : 8014.55

Hi,

Readers,

Nifty moved as expected and almost hit all the upper targets mentioned in my earlier blogs. Nifty mad a high of 8031 on DIWALI day almost near to the target of 8050.

NOW What :-

Nifty’s this up move was expected and is good one. The level of 7830 was mentioned by me in my blog dated Oct. 19, 2014, that, till Nifty is above 7830 Nifty will have upward strength.

Charts and indicators are indicating that this move may prove to be good one if it devotes some more time here and holds 7830. Time will tell. But one point which is very important here is that in this move of Nifty from 7730 to 8014 body in candles are virtually missing and Nifty is moving up in gaps only. This is not a good signal. This shows that either this rebound may be weak and force Nifty to fill some of the gaps it has created in last 3-4 trading sessions. OR Nifty will again want to become range bound and want to spend some time in a range and play choppy and volatile. Ideally filling of some of the gaps it has created in last 3-4 trading sessions but not all is healthy for Nifty. If Nifty fills all the gaps and goes below 7830 then the strength in Nifty will vanish again.

Since we have expiry also in this week therefore choppy and volatile moves in Nifty may be expected.

Resistance for Nifty is at 8080-8160.

Support levels are 7940-7880-7830.

Dated :- 21. 10. 2014

                                                                      NIFTY SPOT : 7927.75

Hi,

Readers,

Nifty is trading above 7830. Which is a pivot point for Nifty as mentioned in my previous blog. It was mentioned that above 7830 expect rebound in Nifty and Nifty is doing the same.

Now What :-

Full profits should be booked from all the positional short positions.

Rather as mentioned in my previous blog that 7830 is very important level. Now Nifty will be inclined to go up till it is above 7830 for target of 7960- 8000 and 8050. Nifty has made a gap at 7820 – 7856, now till the time this gap is not filled on closing basis i.e. till Nifty did not close below that 7830 level Nifty will have upward bias.

Since we have Muhurat trading on DIWALI and holiday on Friday. Therefore the readers who had made even small long positions for very short term above 7830 on Monday – Tuesday should also book complete profits tomorrow.

Recommendation is to book complete profits tomorrow and enjoy DIWALI.

Dated :- 19. 10. 2014

                                                                   NIFTY SPOT : 7779.70

Hi,

Readers,

First of all HAPPY DIWALI to all of you.

May Goddess LAXMI shower all her blessings on all of you.

Nifty has stayed below 7800. Bank Nifty is breaking out on the charts. Coming week is also truncated week, wherein we have only first 3 days working and Mahurat trading on Oct. 23 (DIWALI).

Expect volatile and choppy moves.

As far as Nifty’s movement is concerned view is same as was in my previous blog i.e.

Nifty has given breakdown of bearish head & shoulder pattern on hourly charts. With breakdown below 7812. Thus for very short term i.e. for first three trading days of coming week consider 7830 to be pivot point. i.e. expect small rebound above 7830 because in that case it will be called failed Bearish Head & Shoulder pattern rebound.

And every time when ever Nifty comes below 7830 again & again consider that Bearish Head & Shoulder pattern is still on and pushing itself to be effective.

Overall various technical parameters are indicating that logical targets for Nifty on the downside are 7690, 7580 and 7460. These logical target levels are also support levels for Nifty, wherein 7460 is major support for Nifty.

On upside as mentioned in my previous blog also 7960 is very stiff resistance. And now 7893 will act as intermittent resistance.

Trade Accordingly.

Dated :- 16. 10. 2014                                 NIFTY SPOT : 7737.70

Hi,

Readers,

Like always before Nifty’s analysis is “Bang on Target” again.

It was clearly mentioned in my previous blog dated Oct. 12, 2014 that Ideally Nifty should break 7800 within 2-3 trading sessions. And look, today, i.e. on 3^rd trading session after my blog Nifty broke that 7800 level (yesterday Oct. 15, markets were closed). This 7800 level was broken like pack of cards and Nifty made a low of 7729 and closed at 7737. It was always on the cards and was signaling to be coming. I had been mentioning in my earlier blogs that this Nifty is inclined to come down.

Various technical parameters are indicating that logical targets for Nifty on the downside are 7690, 7580 and 7460. These logical target levels are also support levels for Nifty, wherein 7460 is major support for Nifty.

On upside as mentioned in my previous blog also 7960 is very stiff resistance. And now 7893 will act as intermittent resistance.

Trade accordingly and Enjoy the profits.