Dated :- 29.04.2014 (TUESDAY)

                                               NIFTY  Spot :   6715.25

Hi,

Readers,

Nifty came down as predicted.

Book complete profit of more than 100 points (3^rd time book profit) from the additional short position created on April 25, 2014.

And keep the balance short position intact for more gains & trail the stop loss by reducing it to 6860 spot closing basis for it.

Now readers of this blog have booked profits 3 times (within few days) from the different short positions created after thorough analysis.

It is a matter of great pleasure that like always intermediate top for Nifty (from where Nifty shall give correction) is again predicted accurately and updated in the earlier blogs well in advance.

Enjoy the profits.

Dated :- 27.04.2014 (SUNDAY)

                                                    NIFTY  Spot :   6782.75

Hi,

Readers,

Nifty is moving as expected and as predicted.

Now get ready for correction it is coming.

Also get ready for reaping the fruits of the balance of short position which has been created after thorough analysis.

Professional traders should have added more short position in previous trading session (i.e. on April 25, 2014).

Stop loss of the balance of the short position is same as was recomended in my earlier blogs.

Enjoy the profits.

Dated :- 20.04.2014 (SUNDAY)

                                                        NIFTY  Spot :   6779.4

Hi,

Readers,

Nifty rebounded from lower level and closed at 6779.4.

Readers of this blog had booked profits from 1^st  part & 2^nd part of the position as was recommended time to time in earlier blogs.

Readers are recommended to trail the balance rest short position with earlier recommended stop loss i.e. 6906 (Nifty spot) closing basis.

Dated :- 16.04.2014 (WEDNESDAY)

                                                  NIFTY  Spot :   6675.30

Hi,

Readers,

Nifty made a low of 6665 & closed at 6675.30.

Book Some more profits in a part of your balance short position and trail the rest short position with recommended stop loss.

Enjoy the profits.

Dated :- 14.04.2014 (MONDAY)

                                                  NIFTY  Spot :   6776.30

Hi,

Readers,

Nifty is moving as expected.

Hold the balance short position as created.

Tomorrow is Infosys results.

Just to avoid and kind of unforeseen and irrational movement in Nifty, modify the stop loss for Nifty’s short position to 6906 closing basis. This is only for safety factor.

Dated :- 10.04.2014 (THURSDAY)

                                                                  NIFTY  Spot :   6796.40

Hi,

Readers,

Nifty is doing exactly the same as was mentioned in my previous blog Dated April 06, 2014.

Readers of this blog would have been short on Nifty since 6750 (spot level) and would have booked part profit also as was recommended when Nifty fell to 6650 on April 07, 2014.

Stop loss recommended for the short position was 6850 spot level closing basis.

In any case readers had already booked part profit now & the stop loss of the balance short position is basically free i.e. the average cost of balance short position is 6850 spot level or even above.

 That is, even if the stop loss is triggered the position is closed at minor profit or at cost for some.

Hold that part short position.

Nifty is in euphoria mood at this point.

Nifty will be inclined to come down in coming days.

This blog is updated today just to inform the readers that even if some crazy unforeseen thing happens, which is not expected at all, Nifty by chance closes above 6850 tomorrow(April 11, 2014 - Friday), even than also hold the short position.

The revised stop loss, if the need be, will be updated on weekend.

Dated :- 06.04.2014 (SUNDAY)

Dated :- 06.04.2014  (SUNDAY)                  NIFTY  Spot :   6694.35

Hi,

Readers,

Nifty did exactly the same as was mentioned in my previous blog.

Again I have predicted the accurate level of resistance for Nifty.

It was clearly mentioned in my blog dated March 30, 2014 when Nifty was at 6700 that Nifty will face massive resistance between 6718 to 6800.

Look, Nifty found resistance exactly at this level. It made a high of 6776 and came down from there.

This is all technical analysis.

Now what :-

Nifty is facing heavy resistance between 6718 to 6800 and readers of this blog would have been short in Nifty.

Readers might have been short in Nifty at around 6750.

It is recommended to trail the short position in Nifty.

Now how to trail this position :-

See, stop loss for this short position is 6850 closing basis as on today.

But since the trade is in profit, this 6850 stop loss should not be for full quantity.

For some part the stop loss should be 6850 and

For rest of the position good profit should be booked in case Nifty goes down further during the day tomorrow April 07, 2014 OR profit should be booked in that part if Nifty closes above 6709.

Trail the balance short position in Nifty & enjoy the profits.