Dated :- 27.12. 2015                                 NIFTY SPOT : 7861.05

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my blog dated Dec 20, 2015. It is spending more time in the range.

It was mentioned in my previous blog that nifty wants to spend more time in the range and above 7808 Nifty will be inclined to move towards the upper end of the range.

Same happened.

Now What :-

Now we are into the last week of this calendar year. Low volumes will keep on persisting and dull, lackluster and boring movement in Nifty is expected. We have expiry on December 31 and Jan 1, 2016 is holiday in most of the markets of the World.

Chartically Nifty has some what shifted its range. And now the range is 7700 to 8000. Though the range is 7700 to 8000 but still due to lackluster trading Nifty may even move in smaller range.

In continuation of my earlier view. I still consider that till now the market is buy on declines till 7650 holds. For this view the next condition is that, the level of 7997 which is very important level needs to be crossed by Nifty as early as possible. i.e. for maintaining buy on dips approach the next condition is that Nifty has to go and stay above 7997 otherwise we will review our stance.

Trade Accordingly.

Dated :- 20.12. 2015                                 NIFTY SPOT : 7761.95

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my blog dated Dec 13, 2015.

Wherein it was mentioned, that, I will not be bearish at all for next week and as per my analysis Nifty will either Rebound or go into a range. Nifty is not interested to go down because indicators were saying that Nifty wants rebound.

Same happened, Nifty rebounded more than 300 points from the low of 7751and made a high of 7852.90 in that week itself.

I hope readers would have enjoyed the Nifty’s rebound.

It was not easy to write such things clearly, that, Nifty will not go down run through when most of the traders are looking for breakdown of Nifty and news flows are only and only bad. It requires confidence on the studies and detailed analysis before writing those things.

Now What :-

Now it seems that Nifty wants to spend more time in the range.

There are two ranges developing, one smaller range is 7650 to 7850 and the other is 7454 to 7940.

Now the point is how and what to trade. One can take care of the following levels, If Nifty stays below 7715 look for lower levels in Nifty. Between 7720 to 7802 no trade zone. And above 7808 Nifty will be inclined to move towards upper level of the ranges mentioned above.

Trade Accordingly.

Dated :- 16.12. 2015

                                                                     NIFTY SPOT : 7700.90

Hi,

Readers,

Kudos again,

Nifty rebounded exactly as was mentioned by me in my previous blog dated Dec 13, 2015.

Nifty is expected to open higher today also.

At open of Nifty book full profit in long positions and step aside.

Because of shortage of time in Nifty open I am writing cut short.

It is all GOD’s Grace.

Enjoy the profits.

Dated :- 13.12. 2015

                                                                      NIFTY SPOT : 7610.45

Hi,

Readers,

In my previous blog dated Dec 04, 2015 I wrote that I will be out of town and will be updating the blog after coming back.

Now I am back to work.

Nifty is coming down continuously after it broke 7820. Now today it is standing at 7610.45.

Now What :-

As mentioned in my earlier blogs Nifty is in a down trend and it is that downtrend which is bringing Nifty down.

Now with the close at 7610, Nifty has made one more bearish head & shoulder pattern on weekly charts. The targets of which I do not wish to write because they are scary. And I do not want to scare the readers. We will keep on writing and riding the moves as they happen.

Now more downside levels of Nifty are opening up and the technical setup is very bearish.

Now even the die heart bull would have been scared.

Let me write what I can see on the charts :-

My analysis of the charts are saying that the setup is very bearish and more and more downside levels are opening up.

But when I ask the question to my charts that when to expect those lower levels the answer I receive from my indicators is interesting. They keep mum and say we will be oversold very soon and may also lack power on immediate basis.

My special strategies are indicating that the charts are not ready for the run through down move. They want some more time. The kind of set up Nifty is having at present, chartically, I would like to see Nifty spending some more time in some range or rebound.

To me, 7540 is not important level which almost everybody in the market is looking for, but for me, as per my analysis 7454 is crucial important level. I give more weight age to 7454 then 7540.

If Nifty stays below 7454 then the immediate and run through down side will open. But the indicators are saying that they will become deeply oversold till or even before 7454 comes. And they would force Nifty to either go into a range again or to pose a sharp rebound. I know, that, News flows are very bad and no result in ongoing parliament session on GST and Yellen’s decision of Fed rate hike can ruin the markets. Still I am writing purely what charts are saying as of now.

However, if Nifty defies the charts and stays below 7454 then further downside on immediate basis will open. This situation is not likely to occur. It is only major bad news event which can do that.

On an immediate basis I would not be ultra bearish. I would rather like to either stay out or would like to play the rebound around or even before 7454 comes.

Although stock specific still there are many selling opportunities available.

Do keep in mind also that the news events in front of us in next few days may be very bad and they can create panic in markets also. Because news events do not care for charts. Be nimble footed and ready to exit if news events create havoc in markets.

Dated :- 04.12. 2015

                                                                      NIFTY SPOT : 7781.90

Hi,

Readers,

As mentioned in my earlier blogs, after booking part profits twice in the long positions, Readers of the blog were trailing the balance part of the long position in Nifty with the trailing stop loss of 7820.

So that even if Nifty goes below 7820 then even that part of long position would be closed in profit.

Today i.e. Dec. 04, 2015 Nifty went below 7820 thus readers of the blog would have booked full profit and stepped aside.

Now What :-

Now step aside and let the Nifty settle down.

I am out of town till Wednesday and will be updating the next blog as per the Nifty’s movement only after coming back.

Till then enjoy.