Dated :- 26.03. 2017                                 NIFTY SPOT : 9108.00

Hi readers,

Nifty has moved exactly as was mentioned in my previous blog.

It was clearly mentioned to book full profits at 9200 and step aside because Nifty was expected to come down a bit.

Same happened Nifty made a low of 9019 in the previous week and closed at 9108.

This 9218 was a good resistance for Nifty and we will not be much interested in buying Nifty for positional trades till it does not close above 9218.

Till Nifty does not close above 9218 expect Nifty to move in a small range with negative bias.

But remember whatever the trading has to be done should be done for small profits. Do not stay or welcome for more and good profits.

Rather the time and setup Nifty has, it is required to be played like every day to be a new day and close the position by the end of the day.

In these periods traders are likely to get both the opportunities to buy and sell.

And to put it differently for swing traders Nifty is in a no trade zone. It want to spend some time and during that time spending it wants to correct a bit also.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 19.03. 2017                                 NIFTY SPOT : 9160.05

Hi readers,

Nifty has moved up exactly as was mentioned in my previous blog.

And readers of the blog would have booked full profits from all long positions in Nifty at 9200 which was our level where we wanted to book full profits as Nifty opened at 9207 on Friday March 17, 2017.

Now what -

Now I want to see Nifty's behavior at this level of 9200 to 9264.

Because these are the levels where Nifty should face some resistance.

Let us see how Nifty behaves from here in the coming week to get next cues from here.

As on today since we have booked full profits from Nifty on Friday itself. We would like to watch Nifty's movement in the coming week.

Levels for Nifty -

On the upside 9264 is the resistance and after that 9380 is possible.

On the down side 9080 is important level below which Nifty may start more correction.

Strategy is to enjoy the profits in coming week and watch Nifty's move in coming week.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 16.03. 2017                                 NIFTY SPOT : 9153.70

Hi readers,

KUDOS AGAIN.

Nifty has moved up exactly as was mentioned in my previous blog.

We had suggested to book 2/3rd profits at Market opening time of Mar 14, 2017 which happened to be at around 9100 and trail the balance position with the trailing stop loss of 8966.

It was also mentioned in my previous blog that we wanted to book full profits around 9200 to 9260 levels as our target is 9264 and step aside.

Today it has closed at 9153.70. And it is staying here for two days.

From here 9200 is not too far and as I always say

 PROFIT WOH HAI jo ghar aa gaya.

This 9153 is also a good level to book full profits.

Thus book full profits at open tomorrow and step aside.

Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 13.03. 2017                                 NIFTY SPOT : 8958.70

Hi readers,

HAPPY HOLI TO ALL

Nifty has moved exactly as was mentioned in my previous blog.

It is slowly and steadily moving up.

We have suggested to be long and keep buying with the stop loss of 8780 for higher targets.

Nifty has also formed bullish triangular pattern on hourly charts.

And now we have the news of BJP winning U.P. elections also backing our analysis.

That is why there is a saying in the markets that charts form first and news comes later.

Charts were saying that in this type of pattern the first breakout is expected to be on the upside.

Now What ;-

Now tomorrow Nifty is expected to open higher.

Our first target was 9050 and next important target is 9264.

But, As I always say that profit woh hai jo ghar aa gaya.

And it is expected that Nifty will give higher opening tomorrow.

Good strategy shall be to book profit in 2/3 rd of the positions immediately at open and hold the balance 1/3rd positions for the target of 9200 to 9260 and there book full profit and step aside. The trailing stop loss for the balance of the 1/3rd position shall be 8966 Nifty even on intraday basis.

I believe that 9200 to 9260 which is our next target for Nifty is the good place where full profits can be booked and step aside.

Good profits in small time should never be left on the table.

Although the kind of pattern Nifty is in it can show even higher levels also and for those moves it will again give fresh opportunity/entry points.

Trading in markets is like a GAURILLA WAR make a strategy and gain energy and go for the trade/attack and gain ground i.e. make money and come back again, make a strategy gain energy and repeat.

Enjoy the profits.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 05.03. 2017                                 NIFTY SPOT : 8897.55

Hi readers,

Nifty has moved exactly as was mentioned in my previous blog.

It was mentioned that Nifty will move in a volatile manner and above 8880 I will be a buyer in Nifty with the stop loss of 8856. Nifty touched a high of 8892 where made a low of 8860 and close at 8897.

Nifty also did not closed above 8903 on Tuesday which we wanted to see where it is closing on Tuesday.

It was also mentioned that book small profits and take each day as fresh day as Nifty will be volatile. Same happened Nifty was one day up one day down etc.

Important thing Nifty has done is that it has closed the week above 8880 and is only 5 points away from 8903.

Now What -

Small moves in Nifty and weekly close above 8880 is helping Nifty to consolidate around these levels.

Now, one has to look Nifty in its broader range between 8780 to 8993.

Chartically Nifty is slowly giving time correction and respecting the range of 8780 to 8993.

These consolidation are expected to break on the up side. Thus look for more of buying possibilities in Nifty on every dip with the stop loss of 8780 for the targets of 9000 plus.

Remember that in the coming week we also have exit polls results on March 08, 2017 and the final results of U.P. election on March 11, 2017 which will be  a major market moving event thus low risk traders should play only on intraday basis and others should keep quantity in control and manage the risk.

It is a highly news packed week thus keep booking part profits in between regularly because when News have their impact on markets they do not care for levels and they do not care for technical indicators.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.