Dated :- 26.06. 2017                                 NIFTY SPOT : 9574.95

                                                                                                         

Hi readers,

Nifty moved exactly as expected and mentioned in my previous blog.

Till Nifty is Closing Below 9730 Nifty is weak and more lower levels are expected.

I have been maintaining my View that Nifty is in the process of making Top.

In the week ended Nifty got the technical bounce because the indicators were fatigued, but, Nifty could not even cross 9700 and indicators again brought Nifty down to 9565. Because the indicators were saying that Nifty is in a sell zone till Nifty is below 9730.

Reader would be remembering that our level was 9730 weekly closing basis below which Nifty is weak.

Now What :-

My view is still the same.

As I had mentioned earlier also in my blogs that Nifty had made Evening Star pattern on weekly charts and till the time it does not give weekly close above 9730 Nifty is weak and more lower levels are expected.

Once it breaks below 9550 and then simultaneously breaks 9520 doors for more lower levels will open.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 18.06. 2017                                 NIFTY SPOT : 9588.05

                                                                                                         

Hi readers,

Nifty moved exactly as was mentioned by me in my previous blog.

It was mentioned that below 9630 Nifty will not have much strength and the weak zone starts from below 9630.

In the entire previous week Nifty closed below 9630 on daily basis.

And for the last 3 trading days continuously Nifty has not even gone above 9630 even on intraday basis.

All the indicators are indicating for more lower levels and are waiting and waiting for Nifty come down.

Rather indicators are getting uneasy forcing Nifty to come down.

May be Nifty has been artificially forced not to fall, in spite of weakness and touching 9560 time and again on the downside.

It has been continuously coming down slowly for last 9 days but not falling hard.

Nifty has also made evening star pattern on weekly charts.

Now What :-

On one part from last many days Nifty is showing weakness and all the indicators are showing weakness in Nifty.

But on the other hand the truth is that Nifty is touching 9560 again and again and not breaking 9560 and co-incidentally 20 DMA is also placed at almost the same level i.e. at 9573 on daily charts.

The indicators has to quickly force Nifty to come down otherwise the indicators will exhaust and in that case rebound will become due and the fatigued indicators will themselves give technical bounce.

Break below 9550 and then 9520 simultaneously will open further downside towards 9400 to 9430.

For this week on the upside watch the level of 9730 weekly closing basis. Till the weekly closing is below 9730 it is considered weak.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 11.06. 2017                                 NIFTY SPOT : 9668.25

                                                                                                         

Hi readers,

Nifty is standing and is forcibly held at and around 9600 to 9650 levels.

My view remains the same i.e. to bring money home.

Now What :-

Now at this point of time when Nifty has managed to stay at around 9650 levels it is moving in a very small range for last 9 trading sessions.

On the downside 9629 is important level for the coming week, below which Nifty will not be having much strength and we can say that the weak zone starts below 9629. And below 9598 more downside opens. 

And specifically for the coming week if Nifty moves and stays above 9689 it might try to touch 9750 to 9770. Because the way Nifty is spending time here at 9650, if it spends a day or two more in this small range than touching 9750 around levels is not ruled out.

Trade Accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.

Dated :- 04.06. 2017                                 NIFTY SPOT : 9653.50

                                                                                                         

Hi readers,

I am repeating my blog written by me on May 31, 2017 when Nifty was at 9621.25

As I believe that this is the time to close and book full profits from all long positions and bring money home.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.