Dated :- 30.08. 2015

                                                                  NIFTY SPOT : 8001.95

Hi,

Readers,

Nifty is posing a technical rebound.

Nifty has given close just below the bearish Head & Shoulder pattern (H&S pattern) on weekly line chart.

Interestingly, simultaneously Nifty has given close just on the Bearish Head & Shoulder pattern line (H&S pattern) on weekly Candle chart.

See how beautifully the charts are tried to be crafted. Where line chart is showing that Breakdown of Bearish H&S pattern has come and the Candle chart is showing that Breakdown is still pending.

Another important observation I would like to share with readers is that Nifty has also made Hammer on weekly charts. This hammer is important and has to be given weight age.

Now What :-

Now Nifty is expected to move in a range for the mean time as the Volatility index is high and smart money may want to eat premium in options. That Hammer in the weekly chart will help in that. I expect Nifty to move in the range somewhere between 7800 to 8230 for a few days.

Trade on Stock specific basis and expect Nifty to be in a range with volatility.

Trade Accordingly.

Dated :- 24.08. 2015

                                                                           NIFTY SPOT : 7809

Hi,

Readers,

First of all Thank’s GOD for his love and blessings.

Kudos again.

More and more profits.

Nifty is falling like pack of cards as if there is no tomorrow.

Nifty fell 530 points

Sensex fell 1650 points

Bank Nifty fell 1300 points

In a single day. And Nifty closed at 7809 today.

Red Red Red all the way. Complete bloodbath on the Dalal Street.

With the blessings of GOD as always this time also, I was able to predict this Nifty fall in  advance in my blog dated Aug. 09, 2015 that Nifty fall is coming and that will be very painful for Bulls. And the result is before you.

Readers of the blog would be enjoying the today’s massive fall in Nifty.

Thanks for your overwhelming response and blessings.

Nifty has fallen around 900 points after I predicted that Nifty is going to come down. Remember my Aug. 09, 2015 blog and thereafter.

Book full profits and enjoy.

Because whenever big profit comes in small time one should grasp it with both hands.

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

Enjoy the profits.

Dated :- 23.08. 2015

                                                                        NIFTY SPOT : 8299.95

Hi,

Readers,

More and more profits.

Nifty is falling as predicted by me in my earlier blog dated Aug. 09, 2015 and subsequent blogs also. Since then Nifty has fallen from 8621 to 8225 around 400 points in short time.

As expected Nifty has broken lower levels one by one and traders are becoming jittery.

Nifty made a low of 8225 on Friday and closed at 8299.95.

Book more profits and hold on to the balance short position for lower levels with trailing stop loss of 8482 closing basis.

Enjoy the profits.

Dated :- 16.08. 2015

                                                                        NIFTY SPOT : 8518.55

Hi, 

Readers,

Overall view on Nifty is still the same as mentioned in earlier blogs.

In earlier short positions, created when Nifty was at highest, readers would have booked profit twice as was recommended by me in my earlier blogs.

Hold the balance short position with the trailing stop loss of 8582 Nifty spot closing basis.

Enjoy the profits.

Dated :- 12. 08. 2015

                                                                  NIFTY SPOT : 8349.45

Hi,

Readers,

Happy Shivratri.

Kudos again.

As predicted Nifty is falling like pack of cards.

Book more profit here and keep trailing the rest short position with the trailing SL of 8573 closing basis.

Enjoy the profits.

Dated :- 11. 08. 2015

                                                                       NIFTY SPOT : 8466.50

Hi,

Readers,

Kudos again and thanks to Almighty.

GOD has again proven my blunt and pinpointed prediction on Nifty right and gave more and more strength to my deep analysis.

Nifty is falling like anything more than 200 points from its high in just 2 days.

Like always before this time also the reversal point of Nifty was clearly predicted in advance on the blog dated Aug. 09, 2015.

I wrote so bluntly in my previous blog, that, I believe, it can not be more blunt then that.

This is the power of technical analysis.

Writing about Nifty so bluntly is not so easy because reputation is at stake. It requires deep analysis and confidence on the analysis. That too at the time when general consensus was almost ultra bullish.

I hope readers would have enjoyed the relentless fall in Nifty.

Those who have shorted can book part profit here and keep the trailing stop loss just above the cost at 8652 Nifty spot.

It is all GOD’s Grace.

Enjoy the profit.

Dated :- 09. 08. 2015

                                                                         NIFTY SPOT : 8564.70

Hi,

Readers,

Nifty is moving as expected. In my previous blog I have clearly mentioned that time is coming when Nifty will resume it downtrend again. Nifty is moving in such a way which is depicting topping out formation.

The above prediction was based on the basis of my deep strategies which are saying that now Nifty is getting ready for the move in days to come.

Let me be very blunt and clear in writing about Nifty. Those who are in the illusion that this market is going to go so high and will give multifold returns from here and stocks will rise like anything and all their dreams are going to come true. Those Dreams and illusions are bound to break sooner or later. Time will come when they will be forced to come out of there illusions and dreams and have a reality check.

My view is same on Nifty as I have been mentioning again and again in my previous blogs.

Now let me also mention some levels. Today I wish to compare the levels with bones in human body.

Nifty bones are at 8511, 8482, 8423, 8330,8278, 7940,7727 etc. one can consider that as and when Nifty keeps on breaking the above levels, assumes that major bones of a human body is getting broken one by one. And we all know, that, the more the major bones of a human gets broken it becomes difficult to do positive movements (means Person is not able to rise i.e.“Person UTT Nahi Pata HAi”).

We are no more interested now in buying this market for higher and higher targets. This is the time to be cautious for bulls.

I do not know whether it is prudent or not to write such bluntly about Nifty. When most of the traders/investors are ultra bullish. But I am writing what I am understanding from charts and what my strategies are indicating.

Today after writing so bluntly about Nifty I will not mention levels here today that what is the level to sell etc. I will only say that get ready for the treat which market is going to give in coming days/weeks.

However, if Nifty somehow by chance manages to give weekly close above 8730 that will be the first indication that I will start thinking that Nifty may well be changing its trend to up side again. That will depend upon the formation of chart patterns at that time that whether it is actually doing it or not. Till then my view is same as mentioned above in this blog.

Let us hope that time also Nifty obliges us again as always before.

Trade Accordingly.

Dated :- 06. 08. 2015

                                                                    NIFTY SPOT : 8588.65

Hi,

Readers,

I am still of the view that till Nifty is below 8730 weekly closing basis it is sell on rise. And may be time is coming when Nifty will resume it downtrend again. Nifty is moving in a way which is depicting top formation.

I am again saying that it is only above 8730 weekly closing basis that I will start thinking that Nifty may well be changing its trend to up side again. Till then my view is same as I have been mentioning continuously in my earlier blogs.

Trade accordingly.

Dated :- 02. 08. 2015

                                                                      NIFTY SPOT : 8532.85

Hi,

Readers,

Nifty ended this week at almost the same level of last week. Last week it was at 8521 and this week it is at 8532.

Last week Nifty moved as was mentioned in my previous blog wherein it was mentioned that it will face too much resistance at around 8670 levels and below 8480 Nifty is bearish and below 8280 there is a breakdown in Nifty.

Accordingly Nifty fell below 8480 and went to 8321 giving opportunity to traders to make money by selling Nifty. Important thing here is that Nifty did not breach 8280 which was breakdown level for Nifty as was mentioned in my previous blog. And in the later half of the week Nifty rose again and went up sharply to close again at 8532.

Now What :-

In spite of the fact that Nifty is doing some things which has started looking good on the charts. I will still say that my view is the same as I have been mentioning continuously in my many previous blogs. That, consider this Nifty to be sell on rise till it does not give weekly close above 8730 comprehensively.

Why so, that in spite of the fact that Nifty has started doing some things which has started looking good on the charts but still my view is same :-

Because the things Nifty is doing are only in initial stages and one should not get carried away with small moves by Nifty for determination of trend in Nifty. Those small attempts of Nifty to look good are not enough till now, and, all the indicators and chartical reasons which proved that Nifty is sell on rise, till now, have not yet changed and are standing as it is.

Nifty has given a gap up opening in this week(July 30,2015) at 8380. This gap is very important at current juncture.

Now at this point, Nifty is not giving any signal of short selling Nifty. And, Since, our view is that Nifty is sell on rise till weekly close above 8730. We are not interested in buying it either. Although their are buying opportunities available for a small profits which can be taken in intraday basis on smaller time frame charts.

Now, the sign of weakness is coming below 8350 and till then wait and watch and play for small profits. In coming days Nifty will eventually decide what it wants to do.

Resistance levels are same as mentioned in previous blog 8670 and 8730.

Support levels are at 8350 and 8280. Below 8280 there is a breakdown in Nifty.

We are waiting for Nifty to either change the trend to up side or go below 8350. OR to make any new pattern. Till then play for small points(both sides) in Nifty and be stock specific.

In the current week we have RBI policy also which is an important market moving event. Thus keep an eye on that also.

Trade accordingly.