Dated :- 29. 05. 2014

                                                                       NIFTY SPOT : 7235.65

Hi,

Readers,

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

It was clearly mentioned to expect correction in Nifty. At that time Nifty was at 7359.05. Nifty came down more than 125 points and closed at 7235.65.

It was also specifically mentioned that Do not be bullish in Nifty rather Nifty will be inclined to come down.

I hope readers would have enjoyed the profits.

Now What :-

Now Nifty is approaching lower end of the range. And periodic profit booking is always a wise step.

Now this 7150 - 7200 is a good support area for Nifty.

Only if Nifty breaks this support area comprehensively further correction in Nifty will be there. Else it will move within the range.

Trade accordingly.

Enjoy the profits.

Dated :- 26. 05. 2014

                                                                NIFTY SPOT : 7359.05

Hi,

Readers,

Nifty did exactly the same as was mentioned in my yesterday’s blog.

It was clearly mentioned that above 7390 levels 7500 – 7550 can be possible.

Nifty went above 7390 and touched a high of 7504. Thus readers of this blog would have enjoyed the profits.

Since, Nifty is in a range, it has faced resistance, as expected at higher end of the range and came down from there.

Now What :-

Nifty has faced resistance at the higher point of the range.

Do not be bullish at this point of time. Till the time Nifty proves its bullishness comprehensively.

Till then expect correction in Nifty. Now, Nifty will be inclined to either move within the range or inclined to come down.

This is also an expiry week. So, expect volatile moves.

Trade accordingly and enjoy the profits.

Dated :- 25. 05. 2014                                 NIFTY SPOT : 7367.1

Hi,

Readers,

Nifty is trading in a range. Range is between 7130 to 7570.

Break above or below this range will give good tradable movement.

Nifty is also taking ques from news happening within country & eyeing the formation of new central ministry.

Within this range above 7390 levels of 7500 – 7550 can be possible.

And below 7290 levels of 7200 – 7180 can be looked for.

Keep playing this range & keep booking profits.

Dated :- 18.05.2014 (SUNDAY)

                                                  NIFTY  Spot :   7203

Hi,

Readers,

Nifty is highly volatile. Absorbing election results.

Wait for Nifty to settle for once.

Till then wait & enjoy.

These volatile movements are always rewarding for professional traders who work with tight stop loss. 

Dated :- 11.05.2014 (SUNDAY)

                                                        NIFTY  Spot :   6858.8

Hi,

Readers,

Nifty rose sharply on Friday due to election mania and trying to pre-empt the results.

Readers of this blog are sitting cool after booking profits.

These are volatile movement times for Nifty.

Exit polls results will start coming on Monday evening.

Stay cool and be patient, there will be bundle of trading opportunities in coming days.

Election result outcome is always unpredictable.

Till the election mania is over remain on the sidelines.

Dated :- 07.05.2014 (WEDNESDAY)

                                              NIFTY  Spot :   6652.55

Hi,

Readers,

Nifty came down sharply as expected & today made a low of 6642.9 & closed at 6652.55.

Now on Monday we have exit poll results and they will have their impact on the market.

Readers of this blog are sitting at very handsome profits, because the Nifty reversal point was predicted accurately.

In any case the short position in Nifty would have been closed on coming Friday (i.e. May 09, 2014). Because from now onwards exit poll results & their expectations would determine the move of Nifty & not the technicals alone.

Wise person always take wise, analytical & beneficial decisions.

It is recommended to book profits completely from the short position in Nifty & step aside. And enjoy the profits.

It should be noted that we are booking profits only because of major news event is standing head on & not because of any technical reasons. Looking at technicals Nifty has today given a breakdown of double top pattern which is bearish for Nifty.

But one should also remember that in the case of news events, sometimes news overtake the technicals.

Remember the saying :- “Actual Profit Who Jo Ghar Aa Gaya”.

Enjoy the profits.

Dated :- 06.05.2014 (TUESDAY)

                                              NIFTY  Spot :   6715.3

Hi,

Readers,

Further reduce the trailing stop loss to 6800 on closing basis for rest of the balance small short position.

Dated :- 04.05.2014 (SUNDAY)

                                                  NIFTY  Spot :   6694.8

Hi,

Readers,

Continue with the same analysis of my previous blog Dated May 01, 2014. As there was only one trading day after the blog i.e. May 02, 2014 (Friday) & Nifty closed at almost at the same level.

Dated :- 01.05.2014 (THURSDAY)

                                                    NIFTY  Spot :   6696.4

Hi,

Readers,

Nifty came down as predicted.

Nifty made a low of 6656 and achieved the first target.

Nifty has come down more than 200 points from the top & the readers of the blog are able to get the maximum benefits of that.

Book some more profits.

Keep booking more & more profits regularly.

Also keep trailing the short position. Further reduce & revise the trailing stop loss to 6820 closing basis for rest of the balance small short position.

Enjoy the profits.