Dated :- 29. 03. 2015

                                                                   NIFTY SPOT : 8341.40

Hi,

Readers,

Market has come down as expected and has given breakdown.

Nifty has given double top breakdown below 8520 on daily charts and weekly charts.

Nifty has made bearish evening star pattern on weekly charts and is about to make bearish engulfing pattern on Monthly charts and Shooting star pattern on Quarterly charts.

Now wait for rise in Nifty as this level is not good to go short again as risk reward for shorting is not in favour at these levels.

Nifty has entered in the oversold zones and the ideal support is at 8150 around levels Where 200 DMA, Bollinger Band and many other indicators are giving support. Normally First support comes before the ideal support level.

RSI has reached at 30 level on daily charts which is also indicating that Nifty will want to spend some time in range bound movements.

Because of above mentioned reasons, Now, Nifty has become sell on every rise.

Current week is truncated week with only 3 trading days.

Expect range bound movement in these three days.

Wait for the rebound to come which will give further opportunity for trade.

Dated :- 22. 03. 2015                                 NIFTY SPOT : 8570.90

Hi,

Readers,

First of all

HAPPY NAVRATRA’s

AND

HAPPY NEW SAMVAT

May Godess Durga shower all her blessings on all of You.

More profits.

Nifty came down as expected. Nifty made a low of 8553 and closed at 8570.

Book full profits of around 400 points in Nifty and step aside. And what a good time to book that too in Navrati.

When ever one gets good profit in small time one should grab it with both hands. Greed and complacency is biggest enemy in this market.

Now, Although Nifty has given fresh breakdown below 8580. But now, this is time when the medium term trend has come in question and now it is the time for fight for survival for Bulls. Because if Nifty breaks further levels below 8470 and 8400 then bulls will have no space to hide and will be forced to unwind their portfolios and the trend which is up till now will may even break.

Now this is the time when either the medium term trend will ultimately end or the bulls will have to fight for their existence. Whenever these kind of things happen it is always better to sit on the sidelines and enjoy your coffee. Let the market decide where it wants to move on.

Because in either case good and more and more opportunities will be there to make money.

Till then enjoy the profits.

Never fight with the market always accept it.

It is not we who can change the trend or direct the market to move on the side which we want. It is like flow of river one can only follow it but cannot change it.

Let the market decide where it wants to move on. Let us be cool regarding fresh breakdown Nifty is giving, for a day or two. Because when ever Nifty decides to move on one side opportunities will be there.

 Jab kabhi bhi Yeh expected ho ke Shayad Bulls and Bears ki tussle ka time aa gaya hai to it is best to stay away cool and watch their tussle from the fence.

Enjoy the Profits.

Dated :- 15. 03. 2015

                                                                       NIFTY SPOT : 8647.75

Hi,

Readers,

More profits.

Nifty coming down as expected.

Book more profits and further trail down the stop loss to 8850 closing basis for the balance of the short position. One can hold the balance short position for the target of around 8500 in mind. Around or near to that level there is no harm to book full profit for once and step aside. Although Nifty has made some bearish patterns as mentioned below but as I always say that “Profit Who Hai Jo GHar AA Gaya”. That too if big profit comes in very small time one should grab it.

Nothing moves in a straight line.

More and more opportunities will be there in future.

Nifty has made another bearish evening star pattern on weekly charts. Which is considered very bearish.

Nifty has given also given breakdown of another bearish head & shoulder pattern below 8700 on hourly which is even giving the targets of 8300.

But as patient trades it is prudent to book full profit around 8500 and step aside for once.

Enjoy the profits.

Dated :- 10. 03. 2015

                                                                   NIFTY SPOT : 8712.05

Hi,

Readers,

Kudos again.

As expected Nifty is falling non stop and made a low of 8677 today and closed at 8712. Down around 440 points from the top.

Book some more profits here as big profit has come in just in 2-3 days. And Hold the balance short position in Nifty with recommended trailing stop loss.

Enjoy the profits.

Dated :- 09. 03. 2015

                                                                       NIFTY SPOT : 8756.75

Hi,

Readers,

Kudos again.

Like many times before this time also the intermediate top for Nifty was clearly mentioned and updated on the blog well in advance. Readers of the blog were updated well in advance that Nifty is about to come down and even sell trade in Nifty was also mentioned in the blog dated March 04, 2015 well in advance.

Readers of the blog would have enjoyed the today’s relentless fall of around 200 point in Nifty in a single day. The selling pressure in Nifty was so heavy that Nifty did not even managed any meaningful intraday rebound.

It was clearly mentioned in my blog dated March 04, 2015 that top of 9119 made by Nifty will become intermediate top and Nifty is about to come down. Thus Sell Sell Sell Nifty with an initial stop loss of 9048.

Look Nifty fell like pack of cards today and traders are stunned, but, for readers of the blog, it was time to book more and more profits.

Charts and Technical’s prevailed again.

Now What :-

As I always say “Profit Who Hai Jo Ghar Aa Gaya.”

And when ever one gets good profit in no time one must as a prudence book that.

Book part profit here.

For balance of the short position trail down the stop loss to 8988 closing basis.

Enjoy the profits.

Dated :- 08. 03. 2015

                                                                NIFTY SPOT : 8937.75

Hi,

Readers,

View on Nifty is still the same as was mentioned by me in my previous blog dated March 04, 2015. Nifty made a low of 8850 on Friday and rebounded from there to close at 8937.

Hold the short positions with the recommended stop loss.

Keep booking part profits regularly as it always gives satisfaction.

Dated :- 04. 03. 2015

                                                                      NIFTY SPOT : 8922.65

Hi,

Readers,

Happy Holi to all the readers.

Nifty after making all time high of 9119.2 today fell from there throughout the day and closed at 8922.

Thus giving a clear signal that it is not sustaining at all time highs.

Readers must be remembering my previous blog dated March 01, 2015 wherein it was clearly mentioned that any rally from here in Nifty may prove to be last move before any serious correction may setin. Let me quote my previous blog:-

Quotes of my previous blog dated March 01, 2015 were  “Also do not forget that Nifty is still making –ve divergence on Daily and weekly charts. Which is indicating that the time is not too far when some reasonable correction may setin. Which also indicates that any rally from here may prove to be last move and after that good and meaning full and deep correction can be expected.”

These kind of falls are normally backed by serious selling and that too delivery based. The top made in these kind of selling climax has the power to remain as top for a good period of time. Time will tell.

Those who have not booked out full profits from longs created above 8950 by now, they must book out and close the long positions in Nifty. There is no justification at all for any long position in Nifty.

Even professional traders can also short sell Nifty, although Sell signal in Nifty was generated during the day but readers of the blog can only be updated at the end of the day. Nifty is a sell with an initial stop loss of 9048 in Nifty closing basis. There is a high probability of intermediate top being made in Nifty. Confirmations of the same will come in days to come.

Follow through of such sell offs is normally required. If this sell off also gets the follow through tomorrow then it will be a good sign.

Enjoy the profits and trade accordingly.

Dated :- 01. 03. 2015

                                                                     NIFTY SPOT : 8901.85

Hi,

Readers,

Nifty after a volatile move on Budget day closed at days high at 8901.85.

Thanks to index management lead by Banking stocks. Prime facie the late up move in Nifty on Budget day may be due to short covering seems to be an index management and crafted lead by banking stocks. But if that up move gets a follow up then it will mean that it was real and one should strictly refrain any shorting thoughts in Nifty in that case.

Now What :-

Now this is high time for Nifty to take a move on one side. Which side that move will be decided in coming days.

Why it is so?  Because, if we look at charts and charts only than close above 8900 is positive for Nifty and now chartically till Nifty is above 8840 on immediate basis one can expect higher levels.

If Nifty stays at or above 8900 for a day or two than possibility of short covering will be high and those who have shorted the Nifty will be caught on wrong foot.

Full & actual impact of Budget will come in days to come especially on Monday or Tuesday. Which will decide the movement on Nifty as FII’s had very less participation on Budget day.

But Nifty at all time high and too much divergence between different sectors & stocks and within the banking stock divergence between private and PSU banks will not last for long period of time.

Also do not forget that Nifty is still making –ve divergence on Daily and weekly charts. Which is indicating that the time is not too far when some reasonable correction may setin. Which also indicates that any rally from here may prove to be last move and after that good and meaning full and deep correction can be expected.

For very short term CRUX of the analysis is that if Nifty goes and stays above 8950 look for long opportunities and if Nifty stays below 8840 look for short selling.

Why even after saying that Nifty has closed above 8900 and chartically it looks good for higher levels, both up and down levels are mentioned today?

Because I want to wait for confirmation of the late upmove in Nifty on Budget day which helped Nifty to close above 8900 as their is a good possibility of it was managed and false one. Thus only the further confirmation of the upmove further will confirm and justify going long in Nifty.

Trade accordingly.