Dated :- 27. 02. 2015

                                                                    NIFTY SPOT : 8844.60

Hi,

Readers,

Nifty stayed within the range as expected and as was mentioned in my previous blog and closed at 8844.60.

For two weeks Nifty is moving in this range it went both to the upper end and then fell from there and then went to lower end and rebounded from there today. Typical behavior of range.

Now tomorrow is the Budget.

Now the time has come for Nifty to move out of the range.

Get ready for the roller coaster ride.

Dated :- 22. 02. 2015

                                                                     NIFTY SPOT : 8833.60

Hi,

Readers,

Nifty stayed within the range as expected and as was mentioned in my previous blog and closed at 8833.

Now what :-

As we have budget in this extended week and we have expiry also thus expect the volatility to be very high. Readers are advised to take utmost care and caution in there trading and follow the rules strictly.

Nifty is expected to be range bound and the broader range is 8600 to 8950. Now after a day or two the move on Nifty for the rest of the week will be taken over by news and expectations from budget. Breakout on either side of the range together will follow up will open further levels in the respective direction.

Trade accordingly.

Dated :- 15. 02. 2015

                                                                  NIFTY SPOT : 8805.50

Hi,

Readers,

Nifty moved perfectly as predicted and as expected. It was clearly mentioned in my previous blog dated Feb 08, 2015 that book full profits around 8530 or latest by Tuesday. Because these are the levels from where rebound can come anytime. Same happened Nifty made a low of 8470 on Tuesday morning and rebounded from there.

Hope readers would have enjoyed.

Now What :-

Nifty as per charts Nifty now seems to be in the range between 8950 to 8580.

Till now one should play Nifty keeping this range in view.

Nifty gave  weekly close at 8805 however if Nifty would have given weekly close above 8840 clear bullish view would have emerged. But that view can not be made since Nifty has given close at 8805 short of 8840.

Play accordingly with low volumes.

Dated :- 08. 02. 2015

                                                                   NIFTY SPOT : 8661.05

Hi,

Readers,

Nifty came down further as expected and as was mentioned in my earlier blog. Thus giving more rewards to short positions made earlier.

Book more profits here.

Low risk traders can book full profits here and step aside.

For high risk and professional traders they can book some more profits here and hold the balance small short position for one or two more days with the further trailing stop loss of 8780.

Now let us have a look to the charts position as of now.

Ø Nifty has made evening star pattern on weekly charts. Which is a bearish pattern.

Ø Nifty is standing at 20 DMA and Bank Nifty at 50 DMA. These are normally good support levels in a market which is in uptrend.

Thus it is advised that only professional traders should hold the short position as the volatility will increase in coming days and it is only the professional traders who can handle the volatility can afford to hold the short positions. For professional traders possible target can be 8530 – 8580 where full profits can be booked or latest by Tuesday book full profits and step aside. Because technical bounce in Nifty can be possible any time from these levels.

Dated :- 04. 02. 2015

                                                                   NIFTY SPOT : 8723.7

Hi,

Readers,

Kudos again.

Nifty came down as was mentioned in my earlier blog.

Starting point of correction in Nifty was again predicted in advance like many times before.

See today Nifty made a low of 8704 and closed at 8723.7.

Nifty has come down almost 300 points from the high. Identifying reversal points for Nifty when Nifty was on fire is not easy. But readers of the blog were updated the reversal point in advance.

As I always say Profit who hai jo ghar aa gaya.

Again book part profit here also and hold the balance short position with the same trailing stop loss.

Enjoy the profit.

Dated :- 01. 02. 2015

                                                                NIFTY SPOT : 8808.9

Hi,

Readers,

Nifty moved as expected and as was mentioned In my previous blog.

It was mentioned that short term charts are saying that around 8927 level of Nifty correction may become imminent. Same happened Nifty however due to expiry stretched a bit more it closed at 8952 on expiry day. Nifty even made an intraday high of 8985-8995 also but these are only gimmicks of expiry day’s and it has to do with expiry management only.

Correction which was imminent as per shorter time frame charts has come. The correction was so severe that Nifty shed more than 200 points from the high in a single day.

Now What :-

Book part profits here and trail the balance short positions with the strict trailing stop loss of 8930.

Nifty has made bearish engulfing pattern on daily charts and has also made shooting star on weekly charts. Thus it is logical to carry balance short positions with the trailing stop loss of 8930.