Dated :- 27.11. 2016                                 NIFTY SPOT : 8114.30

Hi readers,

As expected Nifty is rebounding and taking support at 7900 level.

Nifty had become oversold at around 7900 levels. Readers would remember that in my previous blog dated Nov. 20, 2016 when Nifty was falling, it was clearly mentioned that at and around 7900 Nifty will become oversold and can rebound from there.

Now What ;-

Now in the coming week Nifty is expected to trade in the range bound manner. Range between 8000 to 8280.

The movement in the coming week is expected to be up and down days movement.

In the coming week I will look for contra trades possibilities where I will like to look for buying possibilities on dips for next 2- 3 days and will look for selling possibilities on rise from here in next 1-2 days for small profits and step aside. Keeping in mind the trading range mentioned above.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 21.11. 2016                                 NIFTY SPOT : 7929.10

Hi readers,

Kudos again.

Nifty has made a low of 7916 today.

Nifty has almost hit the target on the downside.

As I had mentioned in my yesterday's blog that book full profits below or around 7900 and step aside.

It was also mentioned that Bank Nifty will lead the fall. Look at the market today the fall was lead by Bank Nifty. Bank Nifty fell today as if there is no tomorrow.

Book full profits and step aside and enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 20.11. 2016                                 NIFTY SPOT : 8074.10

Hi readers,

Nifty has again hit the targets for the week. It has made a low of 8048 and closed at 8074 on Friday. It was clearly mentioned in my previous blog that the targets for the week for Nifty are 8000 to 8100. Nifty has met that.

I also mentioned that keep an eye on ADX and 20 DMA.

ADX slope has moved up to 36.62 and Nifty is staying below 20DMA. Both are indicating that down trend is at its best.

I hope readers would have enjoyed the profits.

Now what ;-

Well the targets for Nifty are below 7900.

Till now not even a single day there was any threat to short positions and Nifty continuously kept on coming down and the short positions were always safe and secure.

One should keep in mind that Now in coming days time may come which may confuse or threat the short position holders.

Overall analysis is, that, I expect Nifty to come down further and that, down move is expected to be lead by Bank Nifty.

Thus book partial profits here and trail the balance short position with the tightest possible stop loss of 8140 Nifty spot on intraday basis for the lower targets of below or around 7900. Where one should book full profits and close the position and step aside.

Because at that point Nifty will reach the oversold area and from there rebound will not be ruled out.

The best case scenario is that Nifty should break this 2-3 days consolidation on downside again and crack the level of 8000 run through. For this best case scenario to play out Nifty should not even cross 8140.

Thus readers can look to play this best can scenario and trail balance the short positions with trailing stop loss of 8140 intraday basis.

If Nifty breaks 8140 in coming week then it is expected to be in the range bound move. The coming week is also expiry week thus play accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

 Dated :- 14.11. 2016                                 NIFTY SPOT : 8296.30

Hi readers,

Last week was very eventful and very volatile.

I hope readers would have enjoyed it.

Because this kind of volatility can be played only by profession traders and other's just loose money in that.

Events were of big magnitude from Demonetization of currency in INDIA to the TRUMP's win in U.S. and thus the movement and volatility was also big.

Now What ;-

Now after the big moves Nifty may take a breather for a day or two in coming week. Nifty will ultimately try to test again 8000 to 8100 types levels. It is expected to do so by gradually coming down in zig zag manner.

Use the rallies to sell till the Nifty is below 8550 for the lower targets of 8100 to 8000.

Keep an eye on the 20 DMA and ADX on daily charts. Nifty is below 20 DMA and slope of ADX has reached to the level of 28 now.

DO not try to be bullish on markets till the time charts do not support that bullishness.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

 Dated :- 06.11. 2016                                 NIFTY SPOT : 8433.75

Hi readers,

Here is the big candle as was mentioned by me in my previous blog on last Sunday.

That I was expecting big red candle and when we expect it to come down the big red candle is here. The candle is of around 250 points in Nifty. It is a good fall in one week.

Nifty has hit all the targets.

This is the power of technical analysis.

It is all GOD'S grace.

Now what -

Now we have the U.S. elections in coming week.

Thus it is better to be at the sidelines and wait the election results.

Strategy is to stay on the sidelines and watch the U.S. election results.

Because it is expected that U.S. elections may keep the markets highly volatile. And we do not want our profits to be eaten up by abrupt volatility.

Keep reading the blog for the move in Nifty as and when it happens.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

 Dated :- 03.11. 2016                                 NIFTY SPOT : 8484.95

Hi readers,

Kudos again.

Here are the technical's at work.

Nifty exactly hit the target today.

Our target was 8470. Nifty made a low of 8476 today.

Bang on.

This is the power of technical analysis.

It is all GOD's grace.

As mentioned in my previous blog dated Oct. 31, 2016 when the targets are met book full profits and step aside.

I hope readers would have booked full profits today.

Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.