Dated :- 27. 07. 2014

                                                                          NIFTY SPOT : 7790.45

Hi,

Readers,

As expected and mentioned in my earlier blogs Nifty has touched all time new high and has given all time high weekly close.

We have truncated expiry week ahead with holiday on Tuesday.

Expect volatile moves in Nifty.

For Nifty major support area is 7580- 7600. And resistance at 7900-7950 levels.

Till expiry only trading can be a good strategy i.e. sell near resistance area mentioned above and buy near support area mentioned above.

Charts are indicating that probably in coming days it will be Bank Nifty which shall decide the movement of Nifty.

Trade Accordingly.

Dated :- 23. 07. 2014

                                                                     NIFTY SPOT : 7795.75

Hi,

Readers,

This is the power of technical analysis. Nifty moved exactly as was mentioned in my previous blog dated July 20, 2014.

It was clearly mentioned that, above 7580 Nifty will trade with bullish bias and the strength has the power to cross 7808 (i.e.) previous high.

Nifty did actually moved as was mentioned in the blog and crossed previous high and made a new high of 7809.2.

It is all God’s Grace and love of all of you.

Readers of the blog would have made profits.

Now what :-

Now it is the time to book profits.

Now, Nifty may face resistance at various levels. Time and levels are not far when Nifty will get exhausted and will be inclined to correct. And that correction can be very painful for bulls.

Expiry is also near, thus expect volatile moves in Nifty.

Trade accordingly.

Dated :- 20. 07. 2014

                                                                   NIFTY SPOT : 7663.9

Hi,

Readers,

Nifty rebounded as expected. It was mentioned in my blog dated July 13, 2014 that the fall in Nifty is furious and rebound is expected.

Now What :-

Though this rebound in Nifty was not expected to cross 7680 to 7718 level  and thus rebound should be used as selling opportunity. But the present formation of various charts indicates that Nifty has strength in this rebound. As in this rebound Nifty consolidated in last two trading days i.e. Thursday and Friday.

Nifty chart is indicating that this strength can take Nifty further. Thus one should keep on playing this rebound. Because this strength may even allow Nifty to surpass 7808 (i.e previous high).

When one see strength in rebound, than the best thing is to wait for the level from where that rebound will start failing. That level is at 7580 Nifty spot. Till then keep playing with bullish bias.

Trading strategy for Nifty is to watch for 7580 level. Till the time Nifty is above 7580, Nifty will trade with bullish bias. And below 7580 look for selling opportunities with tight stop loss of 40 – 50 points.

Nifty has again come in a range. Level of 7580 is trend decider. Above 7580 trade with bullish bias. Below 7580 look for shorting opportunities.

Top formation levels mentioned in my blog dated July 05, 2014 is standing as it is.

Trade Accordingly.

Dated :- 13. 07. 2014

                                                                     NIFTY SPOT : 7459.6

Hi,

Readers,

Kudos,

Top for Nifty was accurately predicted in my blog dated July 05, 2014. When the Nifty was almost at highest point.

It is all God’s Grace.

It was clearly mentioned in my blog dated July 05, 2014 that sell all the long positions and park money in bank. This Nifty is about to fall and the fall will be very pain full for bulls. See the results, fall in Nifty is relentless and very sharp more than 350 points in 4 days only.

Readers of this blog would have enjoyed the profits that too in large amount in very short period of time.

Script of fall in Nifty was written on the charts, Otherwise calling top for market moving in such a bullish mood and almost making new highs daily is not that easy. Nifty performed as per the script written on the charts. It is the grace of God.

Now what :-

As I had been maintaining that this Nifty is sell on rise. Still the view is same. Expected and logical target for Nifty are 7280 – 7230. Since the fall is furious (as expected) Nifty may try to manage some rebound but that rebound will again be an opportunity to sell.

Trade accordingly and enjoy the profits.

Dated :- 08. 07. 2014

                                                                         NIFTY SPOT : 7623.2

Hi,

Readers,

Kudos,

See the fall in Nifty.

It was clearly predicted in my blog dated July 05, 2014 well in advance.

Those who had followed the blog would have enjoyed the fall of more than 200 points in Nifty today itself.

Now we have a big event i.e. Union Budget on July 10, 2014 i.e. day after tomorrow. And as a prudent trading policy for readers, Book complete profits in short positions in Nifty tomorrow and step aside. Because It is only for professional traders who can and should keep position before major event like Budget.

For professional & high risk traders book good profit tomorrow and keep the trailing stop loss 7693 for the balance position short position.

Dated :- 05. 07. 2014

                                                                      NIFTY SPOT : 7751
      

 Hi,

Readers,

Kudos.

See the power of technical.

It was clearly mentioned in my previous dated 29.06.2014 (Sunday) Nifty movement is sign of caution for bears and if 7480 is not broken than Nifty shall rebound and that rebound will be sharp. See, Nifty did the same. Nifty rebounded sharply more than 250 point.

Those who have followed should have made good money.

Now What :-

Now Nifty is in euphoria mood.

Mark these words:- from now on, only and only use Nifty to trade. Do not be a long term investor in this Nifty. This Nifty will be vulnerable to sharp falls in the coming months.

Bulls are having great party from some time. Now the main course of the party is over. Only sweet dish is their which they are eating. After having party for a long time, the next natural process is acidityJ. And this is going to be very pain full.

See, the view is that Nifty is in last stages of making intermediate top. And after that top, the next correction; whenever it will come; shall be a very big one. It will be of the order of 8 to 10% in Nifty and can be more. Levels will be updated in due course as and when it happens.

Chart patterns are showing that intermediate top can be between current level of 7751 to 8148.

In coming week, we have a major market moving event i.e. The Union Budget which is a ‘pitara’ of hope this time. It has the power of giving opportunity to Bulls to have one extra sweet dish which may extend the top level of Nifty by few more points. But if this happens, the fall will be even more pain full.

Recommendation is to gradually close all (meaning ALL) long positions and park money in banks.

It is just a matter of time and level….. FALL IN NIFTY IS IMMENINT.

 

 

This blog is updated again just to correct date as it was mistyped as July 06, 2014. But today is July 05, 2014.

 

 

 

Dated :- 06. 07. 2014

                                                                         NIFTY SPOT : 7751

 Hi,

Readers,

Kudos.

See the power of technical.

It was clearly mentioned in my previous dated 29.06.2014 (Sunday) Nifty movement is sign of caution for bears and if 7480 is not broken than Nifty shall rebound and that rebound will be sharp. See, Nifty did the same. Nifty rebounded sharply more than 250 point.

Those who have followed should have made good money.

Now What :-

Now Nifty is in euphoria mood.

Mark these words:- from now on, only and only use Nifty to trade. Do not be a long term investor in this Nifty. This Nifty will be vulnerable to sharp falls in the coming months.

Bulls are having great party from some time. Now the main course of the party is over. Only sweet dish is their which they are eating. After having party for a long time, the next natural process is acidityJ. And this is going to be very pain full.

See, the view is that Nifty is in last stages of making intermediate top. And after that top, the next correction; whenever it will come; shall be a very big one. It will be of the order of 8 to 10% in Nifty and can be more. Levels will be updated in due course as and when it happens.

Chart patterns are showing that intermediate top can be between current level of 7751 to 8148.

In coming week, we have a major market moving event i.e. The Union Budget which is a ‘pitara’ of hope this time. It has the power of giving opportunity to Bulls to have one extra sweet dish which may extend the top level of Nifty by few more points. But if this happens, the fall will be even more pain full.

Recommendation is to gradually close all (meaning ALL) long positions and park money in banks.

It is just a matter of time and level….. FALL IN NIFTY IS IMMENINT.