Dated :- 26.06. 2016                                 NIFTY SPOT : 8088.60

Kudos again,

Like always before this time also the reversal point of Nifty was predicted accurately in advance pin pointed.

Nifty moved exactly as was mentioned in my previous blog dated June 19, 2016.

Wherein it was mentioned that My special indicators are indicating that intermittent top is not far away. And Now onwards I would be a seller on rise.

I will be looking for selling opportunities on rise both for intraday and positional basis.

Same happened Nifty gave selling opportunity by giving rise upto 8285. And fell like a falling rock and made a low of 7927 and closed at 8088.

Nifty fell more than 350 points from the high and readers would have enjoyed the profits.

It is not easy to write such a bold statement that intermittent top is coming and Nifty will fall. It requires deep analysis and confidence on the analysis.

This is the power of Technical analysis.

It is all GOD's grace.

Now What :-

Now also my view is same. I consider that Nifty should be considered as sell on rise till it does not give two days close above 8313.

I hope readers would have booked part profits when Nifty was down like anything more than 350 points in single day. This is what prudence says.

Keep holding the balance short position with the trailing stop loss of 8313 closing basis.

And

Keep selling on rise with the same stop loss.

Enjoy the profits.

 Dated :- 19.06. 2016                                 NIFTY SPOT : 8170.05

Hi,

Readers,

Nifty moved exactly as was mentioned in my previous blog dated June 12, 2016.

Wherein it was mentioned that Nifty can rebound from 8038 around levels, because Nifty was not expected to break 8038 easily.

In spite of US FED decision during the week Nifty respected the support level and made a low of 8063 and tested that low thrice during the volatile week. Nifty kept on holding the belt and rebounded every time from there and closed at 8170.

Interesting things happen in the markets. Last week also we were at 8170 (Weekly closing) this week also we are standing at 8170 dot at same point. And very important market moving event i.e. US FED policy meet  passed through the week.

Now What :-

Now last week I wanted to buy for once for rebound. Because I was expecting 8038 to hold and give rebound. That happened.

Now read the following lines carefully :-

From now onwards I will not be a buyer on positional basis.

But yes for intraday period I will look for buying opportunity also which may come due to volatility.

Now onwards I would be a willing seller on rise.

I will be looking for selling opportunities on rise both for intraday and positional basis.

Also, I would like to mention here, that, most of the technical indicators are showing that Nifty wants to move up up and up. Those technical indicators are further strengthened by the bullish inverted head & Shoulder pattern made by Nifty which is showing the target of 9200.

Readers would be remembering that I have already written in my earlier blog that I am not giving much weight age to this pattern as of now. Because it has to prove itself first.

My special indicators are indicating that it is not that easy. It may be hard to believe for readers but I am writing what my special indicators are saying. Till the time they do not turn up and give bullish signals My view will be the same. Thus, be care full if you are ultra bullish like most of the people on the street are.

Because,

As per my analysis intermittent top is not far away.

I would not like to mention levels because of National and International news events such as BREXIT etc.

Trade Accordingly.

 Dated :- 12.06. 2016                                 NIFTY SPOT : 8170.05

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my previous blog dated June 05, 2016.

It was mentioned that Nifty will keep on facing resistance between 8250 to 8350. Nifty did exactly that it made a new high of 8294.95 and fell from there and made a low of 8162 and closed at 8170.

Readers would have enjoyed the profits.

Now What :-

Now I expect Nifty to move in the range between 7970 to 8330.

We have FED policy meeting on June 14 and 15. Where the eye will be on the rate hike decision. This is a big market moving event.

However, I wanted to write that for once Nifty has support at and around 8038 levels, and can take a temporary rebound from there for a day or two. But due to FED policy on Tuesday and Wednesday I decided to hold my thoughts, because when this type of news has their say they do not care for technical's.

Trade cautiously.

 Dated :- 05.06. 2016                                 NIFTY SPOT : 8220.80

Hi,

Readers,

Nifty moved exactly as was mentioned by me in my previous blog dated May 29, 2016.

It was clearly mentioned that Nifty will face heavy resistance between 8250 to 8350.

Same happened Nifty faced resistance between that level.

Nifty made a high of 8264 in the week and closed at 8220.

Now What :-

Now the view is same that Nifty is expected to face resistance between 8250 to 8350. I expect Nifty to face resistance around and within this zone.

We have all important RBI policy also this week that, is big market moving event.

Let RBI policy decide the future move of Nifty.

Trade Accordingly.