Dated :- 23.04. 2017                                 NIFTY SPOT : 9119.40

 Hi readers,

Nifty moved exactly as was mentioned by me in my previous blog dated April 16, 2017.

It was mentioned to keep holding the balance of the Short position with the trailing stop loss of 9245.

Nifty again came down in previous week and made a low of 9075 and closed at 9119.40.

Readers would have enjoyed that.

Now What -

Although Nifty is not falling with the speed and pace it was expected to come down.

But when I ask the question to my charts, that, Since it is not falling fast should I book full profits in balance of the short positions here and step aside?

My charts says to me, that, there is no reason why the balance of the short position should be closed here.

Thus keep holding the balance of short positions.

Now when I ask my charts, that, what should be the trailing stop loss now?

My charts says that now there are two levels with which the short position can be trailed. One is 9183 closing basis and second is 9222 closing basis.

Since 9222 is more logical and more comfortable level to trail the balance of the short positions, because even if Nifty hits that our trade will be in overall profit.

Thus I believe that the balance of the short positions should be trailed with the trailing stop loss of 9222 closing basis.

Trade accordingly.

Readers should keep in mind that Nifty is making red candles for the last 3 weeks continuously. Thus this coming week is going to be important for Nifty. I am expecting full body candle in the coming week. And remember that full body can be green also. Which may force Nifty to cross 9222 also.

But still I am writing to hold the short positions. Because we have understood that here it is the possibility now in coming week but till it does not rebound it has not bounced.

We have to keep and hold the positions as the charts say. Probability is no reason to close the positions. For that probability we have already booked half positions for trade management.

Enjoy the trade.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 16.04. 2017                                 NIFTY SPOT : 9150.80

 Hi readers,

Kudos again.

Nifty moved exactly as was mentioned and predicted by me in my previous blog dated April 09, 2017.

It was clearly mentioned that I expect Nifty to make red candle on weekly charts and come down. Nifty did exactly the same. It made a red candle and closed at 9150.

Readers would be remembering that it was mentioned that 9245 on the up side will be very important resistance and Nifty made a high of exactly 9246 and came down from there to make a low of 9144 and closed at 9150.

Readers would be having short position in Nifty.

Now What -

Now keep the short position intact in Nifty.

For better trade management it is better to book part profit in short position in Nifty tomorrow and keep the balance short position intact with the trailing stop loss of 9245. Now 9245 will remain as important resistance level on the up side thus this stop loss should be taken as intra basis i.e. no need to wait for close above 9245.

Enjoy the trade and Enjoy the profits.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 09.04. 2017                                 NIFTY SPOT : 9198.30

 Hi readers,

Nifty has again moved in a range in the previous week.

We were expecting big move in Nifty in the week gone behind but Nifty was not interested in moving and spent time in a range and closed at 9198.30. But ultimately Nifty respected our analysis and made red candle. However we were expecting big red candle but it made a smaller one.

It gave a breakout above 9245 but could not sustain above it and closed the week at 9198.

Now what -

Now the big move we were expecting in Nifty in the previous week may happen in the coming week. May be Nifty has saved its fuel for the coming week when the result season will also kick start.

View is still the same that consider 9245 as important trend decider level.

Now till Nifty does not closes comprehensively above 9265 again do not try to buy and once it break 9245 and closes above 9265 that go and buy. Yes above 9245 we require close above 9265.

If Nifty breaks 9245 and closes above 9265  buy it with the stop loss of 9182 keep trailing it up gradually on daily basis with the thought to make the stop loss at 9245 closing basis.

On the downside once it breaks 9175-9180 it is expected to come down further and the stop loss for the sell position should be 9245 closing basis.

Nifty has made a shooting star pattern on the weekly charts and in the coming week we expect Nifty to make a big candle either side.

And again as mentioned by me in my previous blog I expect that more probability is for Nifty to make red candle i.e. to come down, targets on the downside are 9054 and 8980.

But simultaneously we will not hesitate in buying Nifty if it closes above 9265 and targets on the upside are 9330 and 9372.

Crux is that since Nifty has not sustained above 9245 and  came down it is showing bearish indications. Now for Nifty to be bullish again it has to close above 9265.

Another observation I would like to share with the readers is that since Feb. 01, 2017 Nifty has not made any move of 100 points or more with body on daily charts. It has been more than 2 months for Nifty to do that. Be ready for that kind of move also as it is due in Nifty.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 02.04. 2017                                 NIFTY SPOT : 9173.75

 Hi readers,

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

It was clearly mentioned that Nifty wants to spend some time here. And look at Nifty it is actually spending some time here.

It was also mentioned that for swing traders Nifty is in a no trade zone.

Nifty has made a low of 9024 and made a high of 9191 in the previous week and closed at 9173.

Now what -

Now the view is still same.

On the up side till 9245 is not crossed I am not interested in buying.

If Nifty breaks and stays above 9245 then only it will be considered to be bullish.

Readers should note that till now the important level on the upside was 9218 and now that level of 9218 has shifted upwards to 9245.

Another important point I would like to highlight here to the readers is that Nifty is making an important pattern where in it is making small range candles for the last four days and the size of the candles is small on a daily basis.

It is giving sense/indication that in the coming week Nifty will be willing to take a move. When I analyse it with indicators it indicates that in the coming week Nifty will have full body candle/big candle on either side.

Thus be ready to that.

Now how to play that -

One thing is sure that keep 9245 to be important level for yourself as a trend decider level.

Below it do not try to buy and above it do not try to sell.

I would say that to me there is more probability for Nifty making red candle in the coming week.

Trade accordingly.

Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.