Dated :- 28. 09. 2014

                                                                     NIFTY SPOT : 7968.85

Hi,

Readers,

Nifty moved precisely as was mentioned in my previous blog.

Nifty came down as predicted. It was clearly mentioned in my previous blog that 7800 - 7850 is major support area. And this 7800 to 7850 level can force Nifty to rebound. Same happened Nifty made a low of 7841.8 and rebounded more than 150 points from there.

Fall to 7840 gave the opportunity to readers of the blog to book more and more profits as was advised.

Readers should note that, Both fall in Nifty and exact level of rebound was clearly mentioned in the blog well in advance.

Now What :-

For the balance short position :

Low risk traders can book complete profits. High risk traders can trail the balance short position with the revised trailing stop loss of 8050. If Nifty closes above 8050 then book complete profits there and step aside.

I would like to inform readers that 7930 is very important level on closing basis for Nifty. Till time Nifty is closing below 7930 short positions can be considered to be very safe. And above 7930 one should not be complacent because if Nifty spends some time above 7930 then it can gain strength and in that case it can force sharp rally upward fueled with short covering.

Dated :- 25. 09. 2014

                                                                   NIFTY SPOT : 7911.85

Hi,

Readers,

Happy Navratra’s.

Fall in Nifty is coming as a gift from Maa Durga to readers of the blog.

KUDOS again.

Nifty is coming down as accurately predicted.

Nifty made a low of 7877 and closed at 7911.

Book more profits here and for balance of the position  further trail down the stop loss to 7970 closing basis.

Further I would like to inform the readers that 7800 to 7850 is very strong support level. Many die hurt bulls have stop losses at this level. This support area has the capacity to bring trading rebound in coming days, time will tell.

Further I would like to again remind readers that I had been accurately predicted the intermediate top of Nifty at or around 8148. Also, it was clearly mentioned well in advance in my blog dated Sept. 07, 2014 that a false move above 8148 can come. And when Nifty make that false move above 8148, Do not get worried and short sell Nifty when it will cross 8148.

Predicting intermediate top for Nifty was not easy when Nifty was on fire.

Enjoy the profits.

Dated :- 24. 09. 2014

                                                                         NIFTY SPOT : 7985

Hi,

Readers,

Book part profit in your short positions at 7985 and trail the balance with the stop loss of 8080.

Enjoy the profits.

Dated :- 21. 09. 2014

                                                                NIFTY SPOT : 8121.45

Hi,

Readers,

Nifty went up last week mainly on account of short covering. Now resistance levels for Nifty are 8150-8220-8279. And support at 8050-7950-7862.

Till the time Nifty is in trading range of 8150-8050 there will be no positional trading opportunity in Nifty. Breakout on either side of the range will give trading opportunity with small stop loss of 30 points. But remember that, if range breakout comes on upside in first half of the week then, it will not be a bad idea for non professional traders to leave that upside breakout. Because the chances of if being short lived/false are more.

Bank Nifty is ready for a good move either side. And since it has good weight in Nifty thus it shall determine the movement of Nifty in coming days.

We also have expiry in this week thus expect volatile moves in Nifty.

Dated :- 18. 09. 2014

                                                                  NIFTY SPOT : 8114.75

Hi,

Readers,

Since Nifty surpasses 8070. Book complete profits and step aside and wait for the next trade to come.

Enjoy the profits.

Dated :- 16. 09. 2014

                                                                      NIFTY SPOT : 7932.9

Hi,

Readers,

Kudos again,

Nifty made a low of 7925 today and closed at 7932.9. Fall of more than 250 points from the high as predicted accurately.

Book more profits here. Trail the balance position with the 2nd revised trailing stop loss of 8070 closing basis. Readers of the blog were able to short sell Nifty when it was at Highest.

Nifty has support at 7920 and major support area is 7860-7880. Trading rebound may be expected from the above support levels.

Trade Accordingly & Enjoy the profits.

Dated :- 15. 09. 2014

                                                                        NIFTY SPOT : 8042.00

Hi,

Readers,

Kudos,

Like many to times before I had predicted the start of correction pin point at exact level. Readers would be enjoying the fall in Nifty.

Readers would be enjoying the profits. It is all God’s Grace. This intermediate top was predicted pin point 2 months in advance and I have been repeatedly mentioning that level since then in my blogs. Readers of the blog had the opportunity to sell Nifty when it was Highest.

Now What :-

Today Nifty made a low of 8030 and closed at 8042. Book part profit here as there is handsome profit in small time. Trail the balance position with the revised trailing stop loss of 8180 closing basis. Today, there is also Bearish head & shoulder pattern breakdown in Nifty below 8070.

Enjoy the profits.

Dated :- 13. 09. 2014

                                                                      NIFTY SPOT : 8105.50

Hi,

Readers,

Nifty is moving as expected. Readers would be enjoying the recent small fall in Nifty. Keep booking regular profits and hold the balance short position for further lower levels.

Enjoy the profits and trade accordingly.

Dated :- 10. 09. 2014

                                                                        NIFTY SPOT : 8094.1

Hi,

Readers,

Nifty came down as expected and mentioned in my previous blog dated Sept. 07, 2014.

As mentioned in my previous blog Nifty made an attempt to cross 8148 and made a high of 8180. Thus giving beautiful opportunity to reader to short Nifty at highest level.

I am quoting my words of previous blog “Since Nifty is in euphoria mood it can do some silly things and may try to take a false move to breach 8148 for once. Although Nifty is not expected to make that false move, but even if makes it, Do not get worried. Rather show courage and short Nifty. Profit will wait to greet you in coming days”.

See, the result, Nifty made a low of 8082 today and closed at 8094. Falling 100 points from the high. Since readers of the blog had the opportunity to sell when Nifty was at highest, thus as per good trading strategy it is always wise & fruitful to keep booking profits regularly and hold the balance position.

Trade Accordingly and enjoy the profits.

Dated :- 07. 09. 2014

                                                                    NIFTY SPOT : 8086.85

  

Hi,

Readers,

Nifty is in euphoria mood, but remember the volumes are low. It made a high of 8140 but could not take out 8148 in spite of excessive euphoria, as 8148 is very tough level to breach. Nifty made a high of 8140 last week thus I expect that readers of the blog would be short in Nifty. Nifty came down 80 points from there and made a low of 8050 and closed at 8086.85. I have been mentioning about the level of 8148 in my earlier blogs.

Since Nifty is near to the level from where correction is expected to start, what one should do here, Simple, short Nifty gradually in calculated manner. Chart patterns are depicting that 8148 is still alive and Nifty is expected to top near that. Only caveat today is, that, since Nifty is in euphoria mood it can do some silly things and may try to take a false move to breach 8148 for once. Although Nifty is not expected to make that false move, but even if makes it, Do not get worried. Rather show courage and short Nifty. Profit will wait to greet you in coming days. Stop loss for shorting Nifty is 8297 initially and will be trailed gradually.

Let me add here standard saying that shorting is a cup of tea of professional traders or who have brave hearts. Others please do not even try doing it.

Now the time has come when the start of correction is inevitable. I am writing a big statement, as predicting the start of correction for a euphoric market which is on fire is not easy. Technical analysts normally avoid predicting it. Remember I have been sticking to the statement that Nifty is expected to make intermediate top at around 8148 level.

Let me raise some red flags along with the technical’s.

This move of Nifty is on low volumes.

Highest open interest at 8000 put at very start of series, it shows that bulls are becoming complacent. And this level of 8000 will break within September expiry itself.

Clear divergence in stocks some are flying high and some are crashing down.

Enjoy the trade and trade accordingly. Short as per your risk appetite with the stop loss.