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MARKETS  FOR 18 OCT  2017

NIFTY SPOT 9 YEARS MONTHLY CHART 31 JANUARY 2005 TO 20 JUNE 2014       

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                    

 

 

MARKETS FOR  WED 18THOCT NIFTY MADE A HIGHER HIGH , HIGHER LOW BUT A FLAT CLOSE. EXPECT A SIMILAR DAY ON WEDNESDAY ALSO THUS SUGGESTING  TRADERS TO WAIT FOR A FRAUDULENT SGX NIFTY INDUCED INITIAL GAP DOWN TO BUY AND AS LONG AS NIFTY DOES NOT SLIDE TO CLOSE A 30 MINUTE CANDLE BELOW  TUESDAY’S LOWS OF BOTH 10210 SPOT & 10228 FUTURES, EVERY DECLINE TOWARDS BOTH THESE LEVELS IS A BUY FOR A GOOD RISE AFTER THE FALL. HOWEVER A CLOSER OF A 30 MINUTE CANDLE BELOW TUESDAY’S LOWS OF 10210 SPOT & 10228 FUTURES CAN BE USED TO QUIT LONGS AND TRADE SHORT WITH A STOP LOSS.IN CASE NIFTY FALLS FURTHER TOWARDS  MONDAY’S  LOWS OF 10175 SPOT & 10190 FUTURES THEN INTRADAY TRADERS CAN QUIT SHORTS & INITIATE BUY AGAIN.

THE WEEKLY CHARTS OF NIFTY LOOK EXTREMELY BULLISH SUGGESTING SHORT TERM OR SWING TRADERS TO MAKE FULL USE OF THE SGX MANIPULATED FALL ON WEDNESDAY TO BUY. ALL SHORTS OF HARASSING NEWS WILL BE FLOATED BY FINANCIAL CHANNELS TO PULL THE MARKETS DOWN BASED ON SGX NEGATIVE DISPLAY & ALL THEIR COMMENTS WILL BE ORIENTED TOWARDS SGX. SO, JUST IGNORE IT AND USE DECLINES TO BUY GOOD STOCKS, BECAUSE THIS BULL MARKET  IS MORE STOCK BASED THAN INDEX BASED. SO, LOOK FOR DECLINE IN GOOD STOCKS LIKE PETRONET, TATA MOTORS, BIOCON, SUN PHARMA, BHARTI ETC TOWARDS OR BELOW PREVIOUS DAYS LOWS TO BUY AND HOLD FOR GOOD GAINS.

MARKETS FOR  TUESDAY 17THOCT MARKETS ARE HIGHLY BULLISH AND USE DECLINES TO BUY AS LONG AS NIFTY DOES NOT SLIDE TO CLOSE A 30 MINUTE CANDLE BELOW 10180 SPOT &  10200 FUTURES, A CLOSE BELOW WHICH ONLY SHOULD COMPEL ONE TO QUIT LONGS AND TRADE SHORT. FOR INTRADAY TRADING PURPOSE  USE EVERY DECLINE TOWARDS 10230 TO 10220 FUTURES TO BOLDLY BUY  WITH STOP LOSS A FEW POINTS BELOW 10225 TO WAIT FOR FURTHER DECLINES TO BUY IN PHASES AROUND 10200 & THEN NEAR 10190 FUTURE. ON DECLINES, AVOID TRADING SHORT ABOVE 10225 FUTURES.

ON THE HIGHER SIDE SKY IS THE LIMIT AS NIFTY IS TRADING IN THE NO MAN’S LAND & THE BULL ORBIT CAN TAKE IT TO UN IMAGINABLE HIGHER LEVELS. HIGHLY BULLISH ON AN INTRADAY BASIS IF BREACHES AND STAYS ABOVE 10285 TOWARDS HIGHER LEVELS OF 10300 TO 10320 OR HIGHER LEVELS. SO, USE DECLINES TO BUY ONLY WITH STOP LOSS BELOW 10225 TO 10220. A FAILURE TO BREACH AND STAY ABOVE 10280 TO 10285 CAN BE USED TO TRADE SHORT WITH A TIGHT STOP LOSS.

SOME BULLISH STOCK FUTURES LIKE PETRONET, TATA GLOBAL, TATASTEEL,TATA MOTORS, ARVIND MILLS, BATA, BIOCON, LIC HSG  ETC  CAN BE BOUGHT  BUT ON DECLINES FOR EXCELLENT GAINS BY DIWALI.

MARKETS FOR  MONDAY 16THOCT   AS WAS SUGGESTED, NIFTY CONTINUED WITH ITS BULLISH MOMENTUM AND TECHNICALLY LOOKS HIGHLY BULLISH FOR MUCH HIGHER LEVELS. FEARS OF POOR QUARTERLY RESULTS ARE BEING DISPELLED DAY AFTER DAY AS MOST OF THE BIG COMPANIES ARE COMING OUT WITH BETTER THAN EXPECTED RESULTS. MONSOON HAS BEEN GOOD SO FAR AND ALL OTHER ECONOMIC INDICATORS LOOK FINE FOR MUCH HIGHER LEVELS IN NIFTY. EARLIER  THE MARKETS OF OTHER COUNTRIES WERE RISING AND INDIAN MARKET WAS FALLING. NOW ONE WILL SEE OTHER COUNTRIES STOCK MARKETS WILL TAKE A PAUSE & INDIAN MARKETS WILL RISE TO MAKE UP FOR THE LOST GROUND COMPARED TO OTHER MARKETS.

NOW, SINCE EVERYTHING LOOKS BULLISH, DON’T BE SURPRISED TO SEE SOME WELL COORDINATED & PLANTED NEWS BEING PLOTTED BY FOREIGN MANIPULATORS IN COORDINATION WITH A FEW OF OUR FINANCIAL NEWS CHANNELS TO PULL INDIAN MARKETS DOWN. KNOWING THE FRAGILE PSYCHOLOGY OF INDIAN INVESTORS & TRADERS, DON’T BE SURPRISED TO SEE SOME WELL PLOTTED BUT FALSE NEWS ON NORTH KOREA BEING FLOATED BY NEWS CHANNELS TO PULL DOWN INDIAN MARKETS AS WAS DONE ON 11 OCTOBER LAST WEEK ONLY TO ZOOM UP  TO NEW LIFE TIME HIGHS IN NEXT TWO DAYS.. MAKE USE OF SUCH OPERATOR DRIVEN SLIDES SPECIALLY ON NORTH KOREA TO BUY AS LONG AS 11TH OCTOBER LOW OF 9955 SPOT IS NOT BREACHED ON A CLOSING BASIS.

FOR THE TRUNCATED DIWALI WEEK WITH HOLIDAYS ON THURSDAY & FRIDAY, IT IS BETTER TO ENJOY THE WHOLE WEEK WITHOUT MUCH COMMITMENT AS  TRADERS WILL  SURELY BE TRAPPED BY THE MANIPULATORS THOUGH WELL PLOTTED FALSE NEWS ETC. SO, BETTER TO AVOID EXCESSIVE TRADING AND LOOK FOR MARKET DECLINES TO BUY FOR NEXT WEEK. NIFTY HAS A STRONG INTRADAY SUPPORT AROUND 10136 TO 10130 SPOT & 10170 TO 10165 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS, A CLOSE BELOW WHICH ONLY WILL BE A SIGN OF WEAKNESS TO TRADE SHORT. A RISE & MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE ABOVE 10190 TO 10200 SPOT & 10220 TO 10225 FUTURES IS A SIGN OF STRENGTH FOR MUCH HIGHER LEVELS.

MARKETS FOR  FRIDAY 13THOCT NIFTY LOOKS EXTREMELY BULLISH AND ONE SHOULD NOT BE SURPRISED TO SEE NIFTY RETESTING AND BREACH ALL TIME HIGHS OF 10181  EITHER ON FRIDAY ITSELF OR EARLY NEXT WEEK. HAVE STOP LOSS BELOW 10007 SPOT & 10020 FUTURES BUT ON A 30 MINUTE CANDLE CLOSING BASIS  AND BOLDLY BUY EVERY DECLINE TOWARDS THESE STRONG SUPPORT LEVELS TO RIDE THE BULL RUN FOR MUCH HIGHER LEVELS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS NIFTY FUTURE STAYS ABOVE 10055 TO 10044 ZONE, IT IS BULLISH BELOW WHICH ONE MAY TRADE SHORT FOR INTRADAY GAINS. ON THE HIGHER SIDE BREACHING AND STAYING ABOVE 10144 IT  WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS 24180 OR HIGHER LEVELS. LOOK FOR NEWS BASED DECLINES TO BUY FOR VERY GOOD GAINS.

MARKETS FOR  THURSDAY 12THOCT NIFTY CLOSED AROUND 9984 SPOT &  9991 FUTURES MUCH BELOW TUESDAY’S 7 NR DOJI CANDLE LOWS OF 10002 SPOT & 10012 FUTURES. HOLD THE FRESH SHORT POSITIONS INITIATED  ON WEDNESDAY AS LONG AS NIFTY DOES NOT RISE TO CLOSE AT LEAST A 30 MINUTE CANDLE ABOVE BOTH 10040 SPOT AND FUTURES.

BRUTALLY SHORT ON EVERY  MILD RISE OR RISE TOWARDS THESE BULLISH LEVELS WITH A STOP LOSS ABOVE THIS CRITICAL LEVEL OF 10040 SPOT & FUTURES TO QUIT SHORTS AND REVERSE TO TRADE LONG ONLY IF A 30 MINUTE CANDLE CLOSES ABOVE 10040 SPOT & FUTURES. SHORTS CAN BE DOUBLED  IN CASE A 30 MINUTE CANDLE CLOSES BELOW 9959  SPOT & 9966 FUTURES.

ACTUALLY, OTHER THAN OPERATORS ACTION  THERE WAS NO REASON FOR SUCH A FALL IN  INDIAN MARKETS AFTER MAKING A DAY HIGH OF 10067 SPOT & 10084 FUTURES. SO IT IS WISER TO BE IN LINE WITH OPERATORS ACTION AND RIDE THE SLIDE TILL A 30 MINUTE CANDLE DOES NOT CLOSE ABOVE 10040 SPOT & FUTURES.

 A SLIDE BY SPOT NIFTY  TO CLOSE BELOW MONDAY’S DOJI LOWS OF 9959 IS THE GO AHEAD SIGNAL TO FORGET LONGS FOR SOME MORE DAYS & PUT ALL YOUR ENERGY INTO ADDING MORE & MORE SHORTING TRADES

MARKETS FOR  WED 11THOCT NIFTY SPOT HAD A HIGHER HIGH, HIGHER LOW AND A SLIGHT HIGHER CLOSING  THAT WAS A 7TH NR DOJI CANDLE. A CLOSE BELOW TUESDAY’S DOJI LOW OF 10000 SPOT  IS A SIGN OF WEAKNESS THAT MAY SEE A FEW DAYS OF SLIDE OR PAUSE AND A CLOSE ABOVE TUESDAYS DOJI HIGH OF 10034 SPOT IS A SIGN OF STRENGTH FOR BIGGER UP MOVES.

NIFTY FUTURE TRADERS CAN BUY EVERY MINOR DECLINE TO BUY AND BUY MORE TOWARDS TUESDAY’S LOWS OF 10012 BY HAVING A STOP LOSS A FEW POINTS BELOW TUESDAY’S LOWS ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT.

MARKETS FOR  TUESDAY  10THOCT NIFTY SPOT CLOSED THE DAY IN THE FORM OF A PERFECT DOJI ON MONDAY AND AFTER SO MANY DAYS OF RISE FROM 28TH SEPT LOWS OF 9687 SPOT, SUCH A DOJI FORMATION IS A SIGN OF INDECISIVENESS RESULTING IN A PAUSE  OR MILD CORRECTION BEFORE THE UP MOVE RESUMES. SO HAVE STOP BELOW  9970 SPOT(9990 FUTURES) ON A 30 MINUTE CANDLE CLOSING BASIS AND USE INTRADAY DECLINES TOWARDS THESE LEVELS TO BUY WITH STOP LOSS  10 POINTS BELOW THESE LEVELS TO QUIT LONGS AND TRADE SHORT IN CASE  A 30 MINUTE CANDLE CLOSES BELOW 9960 SPOT AND 9980 FUTURES..

ON THE HIGHER SIDE, A BREACH  & MORE IMPORTANTLY TO STAY ABOVE MONDAY’S HIGHS OF 10015 SPOT AND 10033 FUTURES IS A SIGN OF STRENGTH TOWARDS HIGHER LEVELS OF 10050 SPOT & 10070 FUTURES. USE DECLINES TO BUY FOR GOOD INTRADAY GAINS.

MARKETS FOR  MONDAY  9THOCT NIFTY ON FRIDAY TESTED THE 61.8% RETRACEMENT LEVEL COUNTED FROM 19TH SEPT LIFE TIME HIGHS OF 10179 SPOT TILL  29TH SEPT SWING LOW OF 9687 SPOT. NOW, HAVING SEEN NIFTY CLOSING THE TRUNCATED WEEK AT THE HIGHEST WEEKLY POINT AROUND 9979 ABOVE PREVIOUS WEEKENDING  29TH SEPT HIGHS OF 9960 SPOT , ALTHOUGH TECHNICALLY IS A HIGHLY BULLISH SIGNAL FOR FURTHER UP MOVE, DO NOT FORGET THE DIRTY ACTION OF OPERATORS TO  TRAP THE BULLS  & TO THIS EXTENT DON’T BE SURPRISED TO SEE HIGHLY MANIPULATED LOW VOLUME TRADED SGX NIFTY BEING MADE TO LOOK NEGATIVE ON MONDAY MORNING TO INFUSE A NEGATIVE FEELING FOR INDIAN MARKETS RIGHT FROM THE START.

FOR INTRADAY TRADING ON MONDAY OR ON ANY OTHER DAY, HAVE STOP LOSS A FEW POINTS BELOW 9947 SPOT(9966 FUTURES) ON A 30 MINUTE CANDLE CLOSING BASIS AND USE EVERY INTRADAY DECLINE TOWARDS 9950 SPOT & 9970 FUTURES TO BUY AND ADD POSITIONS TO QUIT LONGS AND  REVERSE FOR SHORTS IF A 30 MINUTE CANDLE CLOSES BELOW BOTH THESE SPOT AND FUTURE LEVELS.

MARKETS FOR  FRIDAY  6THOCT ALTHOUGH NIFTY MADE A HIGHER HIGH AND HIGHER LOW, IT CLOSED LOWER THAN THE CLOSE OF WEDNESDAY. SECONDLY IT FAILED TO REACH N BREACH THE CRITICAL 50 DMA AROUND 9950 TO 9955 SPOT LEVELS. SO, EXPECT NIFTY TO MOVE UP AGAIN TO RETEST THURSDAY’S HIGHS OF 9946 SPOT &  MAY ALSO TRY TO BREACH THE CRITICAL 50 DMA AROUND 9950 TO 9955 SPOT. A SLIDE TO BREACH THURSDAY’S LOWS OF 9881 SPOT CAN PULL NIFTY DOWN TOWARDS 9870 TO 9860 FOR BUYING ACTION BY THE INTRADAY TRADERS TO SEE A GOOD RISE.

FUTURE TRADERS SHOULD BE READY TO BUY NIFTY FUTURES IN CASE IT BREACHES THURSDAY’S LOWS OF 9899 AND COMES TOWARDS OR BELOW  9890 FOR A GOOD RETRACEMENT RISE WITH STOP BELOW 9880 FUTURES. AFTER A FALL, A RISE TO BREACH AND STAY ABOVE 9939 FUTURES TO CLOSE A 30 MINUTE CANDLE ABOVE 9939  IS A SIGN OF STRENGTH FOR MASSIVE SHORT COVERING.

A RISE TO STAY ABOVE 9950 FUTURES CAN SEE 9975 TO 9980 FUTURE LEVELS. USE DECLINES TO BUY AS NIFTY IS SET FOR FURTHER RISE AS LONG AS IT DOES NOT CLOSE A 30 MINUTE CANDLE MUCH BELOW THURSDAY’S LOWS OF 9898 TO 9889 FUTURE ZONE. AFTER A RISE , A SLIDE TO BREACH AND STAY BELOW 9911 FUTURES WILL BE THE EARLY INDICATION OF FURTHER SLIDE.

MARKETS FOR  THURSDAY  5THOCT NIFTY CONTINUED WITH ITS RETRACEMENT UP MOVE AND AGAIN MADE A HIGHER HIGH, HIGHER LOW AND A HIGHER CLOSING. THE HIGH OF 9938 AND CLOSE AROUND 9927 SPOT ARE STILL SHORT OF THE CRITICAL 50 DMA AROUND 9955 AND TILL SUCH TIME SPOT NIFTY DOES NOT RISE AND MORE IMPORTANTLY  CLOSE ABOVE 50 DMA AROUND 9955 TO 9960 SPOT ZONE, IT WILL CONTINUE TO REMAIN VULNERABLE FOR A SLIDE TO BREACH 9685 SPOT, WHICH IS THE THE NECK LINE OF THE DOUBLE HEAD. HOWEVER A DECISIVE BREACH AND , STAY ABOVE AND FINALLY CLOSE ABOVE 9955 TO 9960 SPOT CAN SEE NIFTY LOOKING FOR THE NEXT HIGHER TARGET OF 9993 SPOT  WHICH IS THE FIBO 61.8% COUNTED FROM THE LIFE TIME HIGH TO THE DOUBLE HEAD NECK LINE LOWS OF 9685 SPOT.

SPOT LEVEL OF 9896 TO 9886  IS A STRONG SUPPORT AREA FOR INTRADAY TRADERS TO BUY ON DECLINES BUT A SLIDE BELOW THIS ZONE TO CLOSE A 30 MINUTE CANDLE BELOW THIS SPOT ZONE OF 9896 TO 9886 CAN FORCE TRADERS TO QUIT LONGS AND TRADE SHORT. FOR THE TIME BEING, NIFTY LOOKS BULLISH TECHNICALLY FOR HIGHER LEVELS THAT SHOULD BE USED BY TRADERS TO LOOK FOR MINOR DECLINES TO BOLDLY BUY AND ADD DECLINES BY HAVING A STOP LOSS BELOW 9886 SPOT ON A 30 MINUTE CANDLE CLOSING BASIS. FOR NIFTY FUTURE TRADERS, A SLIDE TO STAY BELOW 9919 IS THE FIRST SIGN OF WEAKNESS TO SEE SUB 9900 FUTURE LEVELS. A SLIDE BELOW 9878 CAN RETEST WEDNESDAY’S LOWS OF 9860 OR LOWER FUTURE LEVELS.

MARKETS FOR  WED 4THOCT NIFTY FOR THE 2ND DAY MADE A HIGHER HIGH, HIGHER LOW AND HIGHER CLOSING GIVING STRENGTH TO THE BULLS TO PULL IT UP FURTHER TOWARDS 50 DMA LEVEL OF 9955. HOWEVER TILL SUCH TIME NIFTY DOES NOT RISE TO BREACH AND CLOSE ABOVE 27TH SEPT MONSTER RED CANDLE HIGH OF 9922 SPOT ALL THESE INTRADAY UP MOVES OR GAP UPS ARE  JUST DECEPTIVE PULL UPS TO ATTRACT MORE AND MORE BUYERS TO BADLY TRAP THEM  A FEW DAYS LETTER. SO, NIFTY HAS TO DECISIVELY BREACH BOTH 9922 FOLLOWED BY THE 50 DMA AROUND 9955 SPOT TO CLOSE ABOVE IT TO SEE MORE AND MORE BULLS ENTERING THE MARKETS TO TRY AND RETEST 10000 NIFTY LEVELS AGAIN .

THE HIGH OF SEPTEMBER MONTH WAS 10179 SPOT AND THE LOW WAS AROUND 9687, A TOTAL OF 492 POINTS. SO, STAGES OF UP SIDE RETRACEMENTS CAN BE 38.2% AROUND 9874 SPOT WHICH WAS TESTED  DURING THE OPERATOR DRIVEN DECEPTIVE GAP UP OPENING OF TUESDAY. 50% RETRACEMENT COMES NEXT AROUND 9933 AND 61.8% COMES AROUND 9991 SPOT. SO, EVEN AFTER RISING TO 9991 SPOT NIFTY CAN TAKE A TURN TO TRIGGER THE NECK LINE OF THE DOUBLE HEAD AROUND 9686 SPOT, A CLOSE BELOW WHICH CAN SEE MEGA FALLS FOR NIFTY. FOR THE TIME BEING, LOOK FOR DECLINES TO BUY IN ORDER TO SEE NIFTY SPOT TESTING 9922 TO  9933 FOLLOWED BY 9955 AND 9991 SPOT LEVELS IF BULLS ARE LUCKY. ON THE DOWN SIDE, LEVELS AROUND 9830 PROVIDES STRONG SUPPORT FOR SPOT NIFTY BELOW WHICH 9800 TO 9797 SPOT  CAN BE USED TO BUY AGAIN.

MARKETS FOR  TUESDAY 3RD OCT NIFTY  CLOSED THE WEEK AROUND 9788 SPOT MUCH BELOW ITS PREVIOUS WEEK’S LOWS OF 9952 WHICH IS A SIGN OF WEAKNESS . HOWVER THIS WEEK NIFTY BOUNCED FROM 9687 SPOT JUST ABOVE THE CRITICAL 9685 SPOT WHICH WAS THE LOWS OF 11TH AUGUST. SO, THERE IS STILL HOPE FOR THE BULLS TO BUY THE DECLINES TO  HOPE FOR NEW LIFE TIME HIGHS ABOVE THE DECEPTIVE  19TH SEPT HIGHS OF 10179  SPOT.

IN ORDER RESUME THE MEGA BULL RUN, THE BULLS HAVE TO ENSURE THAT NIFTY DOES NOT FALL AGAIN AND BREACH 11TH AUGUST LOWS OF 9685 SPOT AND MORE IMPORTANTLY DOES NOT CLOSE BELOW IT. SECONDLY THE BULLS MUST LIFT NIFTY TO INITIALLY GO PAST 29TH SEPT HIGHS OF 9854 TO CLOSE ABOVE IT . THIRDLY THE BULLS MUST LIFT NIFTY FURTHER UP TO BREACH AND CLOSE ABOVE THE 27TH SEPT MONSTER RED CANDLE HIGHS OF 9922 SPOT, FOLLOWED BY RISE TO BREACH AND CLOSE ABOVE 50 DMA. A FAILURE TO RISE AND CLOSE ABOVE THE 50 DMA AROUND 9950 SPOT WILL BE THE GO AHEAD SIGNAL TO TRADE SHORT ON EVERY RISE.

A SLIDE BY SPOT NIFTY TO BREACH THE CRITICAL 9685 SPOT AND CLOSE MUCH BELOW IT WILL WEAKEN NIFTY CONSIDERABLY AND INVESTORS  SHOULD LIQUIDATE THE HOLDINGS TO RE ENTER AT A MUCH LOWER LEVELS GRADUALLY FROM THE GIVEN FIBONACCI LEVELS OF 38.2% AROUND 9306, 50% AROUND 9036 AND FINALLY 61.8% RETRACEMENT LEVELS OF 8766 SPOT. HOWEVER IN CASE NIFTY DOES NOT BREACH TO CLOSE BELOW 9685 SPOT AND BOUNCES UP THEN THERE IS EVERY POSSIBILITY OF MAKING NEW HIGHS ABOVE  19TH SEPT HIGHS OF 10179.

FOR INTRADAY TRADING ON TUESDAY 3RD OCT, ALTHOUGH THE OPERATOR DRIVEN SGX SHOWED 50 TO 60 POINTS UP FOR SGX NIFTY ON 2ND OCTOBER, BE SURE IT WILL BE PULLED DOW ON THE MORNING OF TUESDAY 3RD OCT TO BE MILDLY UP OR FLAT. A FAILURE ON THE PART OF NIFTY FUTURES TO RISE PAST FRIDAY’S INTRADAY HIGHS OF 9881 WILL BE A SIGN OF WEAKNESS TO TRADE SHORT WITH A STOP LOSS A FEW POINTS ABOVE IT OR ABOVE 9900 FUTURES.

A RISE TO STAY ABOVE 9841 FUTURES MAY TRIGGER SHORT COVERING TOWARDS 9860 OR HIGHER FUTURE LEVELS . HOWEVER A FAILURE TO BREACH AND CLOSES EVEN A 5 MINUTE CANDLE ABOVE FRIDAYS HIGHS OF 9881 FUTURES WILL ATTRACT BEARS. A BREACH OF EXPIRY DAY’S  LOWS OF 9727 FUTURES TO CLOSE A CANDLE BELOW IT CAN SEE MUCH LOWER LEVELS FOR THE DAYS TO FOLLOW. EVEN A SLIDE TO STAY BELOW 9766 FUTURES IS GOOD ENOUGH TO ADD SHORTS FOR QUICK GAINS. 

 MARKETS FOR  FRIDAY 29 SEP EXPECT A GOOD RETRACEMENT RISE ON FRIDAY SO THAT THE WEEKLY CLOSE IS NOT BELOW THE LOWS OF LAST FRIDAY WHICH WAS 9955 SPOT & 10008 FUTURES. A WEEKLY CLOSE BELOW THESE LEVELS CAN CERTAINLY SEE THE RESUMPTION OF THE DOWN SIDE SLIDE. A DAILY CLOSE ABOVE 99389 FUTURES AND 9922 SPOT WILL  SEE SOME MORE DAYS OF UPSIDE. FUTURE TRADERS ON FRIDAY CAN TRADE SHORT IN CASE NIFTY FUTURE SLIDES AND STAYS BELOW 9757 AND CAN TRADE LONG IF NIFTY FUTURES BREACHES AND STAYS ABOVE 9818.

 MARKETS FOR  THURSDAY 28 SEP EXPIRY DAY, NO TRADE IS BEST TRADE. IF ONE WANTS TO TRADE THEN FOLLOW THE LINES MENTIONED BELOW FOR 25TH  SEPTEMBER IN BOLD LETTERS. NIFTY MADE A LOW OF 9714 SPOT  JUST ABOVE  11TH AUGUST LOWS OF 9685 SPOT A BREACH & CLOSE FOR A DAY OR TWO BELOW WHICH WILL  TRIGGER THE NECK LINE OF DOUBLE HEAD THAT WILL SEE ANOTHER 400 TO 500 POINTS FAST SLIDE TOWARDS 9100 SPOT WITH SOME DECEPTIVE PAUSE OR BULL-TRAPPING UP SIDES TO BE FOLLOWED BY MORE & MORE SLIDES.

IN CASE THE NECK LINE AROUND 9686 SPOT IS DECISIVELY BREACHED BY SPOT NIFTY BY BREACHING & CLOSING MUCH BELOW IT FOR TWO DAYS THEN BE SURE THAT THE PRESENT CORRECTION IS GOING TO BE MORE VIGOROUS. THE SWING LOW MADE ON 30 DECEMBER 2016 AT  7893 TILL THE SWING HIGH OF  22ND SEPTEMBER AT 10179 GAVE 2285 POINTS TO THE BULLS. NOW BEARS WILL AT LEAST SNATCH AWAY 50% OF THIS RISE TO SEE NIFTY FALLING TILL 9036 SPOT OR AT LEAST  TILL 38.2% RETRACEMENT LEVEL OF 9306 SPOT. A MORE FAVORABLE 61.8% RETRACEMENT LEVEL CAN BRING DOWN NIFTY TILL 8766 SPOT LEVELS WITHOUT HAMPERING THE OVERALL LONG TERM BULLISHNESS OF THE MARKETS.

SO, THE KEY TO NIFTY’S FURTHER MOVE AFTER THE EXPIRY DAY IS, BREACH OF THE NECK LINE AROUND  9686 SPOT AND MORE IMPORTANTLY CLOSING FAR BELOW IT FOR AT LEAST TWO DAYS, FAILING WHICH ONE CAN EXPECT THE BULL RUN TO RESUME AFTER THE DECEPTIVE BREACH OF NECK LINE, AS THIS DOUBLE HEAD WITH THE NECK LINE WILL BECOME THE 4TH SUB WAVE 3, 3, 5 FLAT TO RESUME THE BULLISH 5TH SUB WAVE OF THE 3RD MAIN UP WAVE TO MAKE ANOTHER NEW HIGH ABOVE 10179 TOWARDS MUCH HIGHER LEVELS.

COMING FRIDAY’S WEEKLY CLOSE ABOVE OR BELOW LAST WEEK’S LOWS  OF  9952 SPOT WILL GIVE A CLUE AS TO HOW QUICKLY NIFTY WILL FALL TOWARDS THE LOWER FIBO LEVELS OF 9306, 9036 & 8766 TO PROVE THE EFFECTIVENESS OF THE BEARISH  WEEKLY ENGULFING CANDLE OF WEEKENDING 22ND SEPTEMBER THAT WAS CLEARLY MENTIONED BELOW  AT MARKETS FOR 25TH SEPT. ON ANY DAY, A RISE BY SPOT NIFTY TO BREACH AND CLOSE A 30 MINUTE CANDLE ABOVE THE DUAL NUMBER 9922 WILL NEGATE THE BEARISHNESS FOR SOME SESSIONS & A RISE TO BREACH AND CLOSE ABOVE THE 50 DMA AROUND 9955 SPOT CAN CERTAINLY BRING CHEERS FOR THE BULLS AGAIN OTHERWISE IT WILL BE CHEERS FOR THE BEARS FOR MOST OF THE DAYS OF OCTOBER ALSO WITH UPSIDE RETRACEMENTS IN BETWEEN.

MARKETS FOR  WED 27 SEP NIFTY MADE A LOWER LOW AT 9813 SPOT & 9825 FUTURES , LOWER HIGHS AT 9891 SPOT, 9904 FUTURES AND A LOWER CLOSE AT 9871 SPOT  IN THE FORM OF A RED HAMMER & 9866 FUTURES IN THE FORM OF A DOJI. THERE IS A POSSIBILITY OF A RISE ON WEDNESDAY MAY BE AFTER A WELL COORDINATED INITIAL FALL AND ALL  SWING TRADERS  WHO BOOKED PROFIT ON THE SHORTS FROM FRIDAY’S 10066 AND MONDAY’S 9950 COVERED AT 9850 FUTURES ON TUESDAY, CAN SIT TIGHT AND ENJOY THEIR GAINS FOR NEXT TWO DAYS TO TRADE FRESH FROM FRIDAY  OR FROM COMING MONDAY. NIFTY IS LIKELY TO BE HIGHLY VOLATILE DURING THE COMING TWO DAYS, SO BETTER NOT TO TRADE ON THESE DAYS.

ON WEDNESDAY, NIFTY  RISING TO CLOSE A 30 MINUTE CANDLE ABOVE 9906 SPOT AND FUTURES IS BULLISH FOR HIGHER LEVELS OF 9950, 9995 SPOT LEVELS WHICH ARE AROUND THE FIBO 38.2 & 50% RETRACEMENT LEVELS. SO INTRADAY TRADERS ITCHING TO TRADE CAN TRADE SHORT ON RISE TOWARDS 9890 OR 9900 WITH A TIGHT STOP LOSS OF 9910 TO REVERSE AND GO LONG & LOOK FOR SLIDE TOWARDS TUESDAYS LOWS OR BELOW IT TOWARDS 9800 TO TRADE LONG.

 REMEMBER TO TRADE LESS ON WEDNESDAY AND THURSDAY TO PROTECT THE GAINS MADE TILL TUESDAY, OTHERWISE THE WILDNESS OF MARKETS ON THESE TWO DAYS LEADING TO EXPIRY CAN SNATCH AWAY THE GAINS MADE SO FAR. ONE THING IS CERTAIN NOW A DAYS, EVERY RISE TOWARDS OR ABOVE PREVIOUS DAYS HIGHS WILL BE IMMEDIATELY FOLLOWED BY PLANTED  & MANIPULATED NEWS BY THE FINANCIAL CHANNELS  TO PULL THE MARKETS DOWN AND TO THIS EXTENT HIGHLY MANIPULATED &  EXTREMELY LOW VOLUME SGX WILL BE SUITABLY MANIPULATED TO GIVE A BEARISH START TO NIFTY . NEWS ON NORTH KOREA WILL BE FLASHED BY FOREIGN NEWS CHANNELS EVERY 2ND OR 3RD DAY TO MANIPULATE THE ASIAN MARKETS, EVEN IF OTHER ASIAN MARKETS DON’T FALL INDIAN MARKETS WILL FALL FOR SURE ON ANY PLANTED NEWS.

MARKETS FOR  TUESDAY 26 SEP ALTHOUGH NIFTY LOOKS HIGHLY OVERSOLD & IS RIPE FOR A RETRACEMENT RISE, JUST DON’T BOTHER, CLOSE THE EYES AND REPEAT FRIDAY’S & MONDAY’S ACTIONS WHICH IS BRUTAL SHORTING & ADD TO THE ALREADY HELD SHORT POSITIONS FROM FRIDAY’S LEVELS OF 10066 FUTURES AND MONDAY’S  ADDED SHORTS LEVELS OF 9950. NOW STOP LOSS CAN BE BROUGHT DOWN TO  9977 ON A 30 MINUTE CANDLE CLOSING BASIS TO PROTECT THE GAINS & MERCILESSLY SHORT EVERY SMALL RISE OR EVEN IF THERE IS NO RISE STILL KEEP ON SHORTING WITH THE GIVEN STOP LOSS.

IF ONE THINKS CALMLY THERE IS NO REASON FOR INDIAN MARKETS TO FALL. IT IS THE FOREIGN OPERATORS WHO HAVE  TAKEN SHORT POSITIONS ON INDIA & WILL KEEP ON SHORTING EVERY RISE. SO BEHAVE LIKE OPERATORS AND BRUTALLY SHORT NIFTY FUTURES AND BUY 9900 & 9800 PUTS .ONLY A RISE TO CLOSE A 30 MINUTE CANDLE ABOVE FRIDAY’S SHORTING LEVELS OF 10066 FUTURES CAN BE USED TO QUIT ALL THE SWING  SHORTS AND TRADE LONG. TILL THIS HAPPENS NOTHING OTHER THAN SHORTS BE THOUGHT OF DURING TRADING HOURS.

REMEMBER, ABOVE PARAGRAPHS ARE FOR SWING TRADERS WHO HAVE INITIATED SHORTS ON FRIDAY’S LEVELS OF 10066 & MONDAY’S LEVELS OF 9950 WITH STOP AT 9977 FUTURES ON A 30 MINUTE CANDLE  CLOSING BASIS. HOWEVER  INTRADAY TRADING IS A DIFFERENT BALL GAME ALTOGETHER AND MANY A TIMES PROVIDE GREAT GAINS ON RETRACEMENT RISES OR ON  BREAKOUT / BREAKDOWN FAILURES. (INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 MARKETS FOR  MONDAY 25 SEP MONSTER RED CANDLE OF FRIDAY IS THE LARGEST RED CANDLE BODY OF 2017 AND SIGNALS MUCH LOWER LEVELS FOR NIFTY AS LONG AS IT DOES NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE 10022 SPOT OR MORE IMPORTANTLY DOES NOT CLOSE A DAILY CANDLE ABOVE 10099 SPOT. TILL THIS HAPPENS CLOSE THE EYES AND ADD ON TO NIFTY FUTURE SHORT POSITIONS INITIATED ON FRIDAY START FROM 10066 TO 10070 FUTURE LEVELS. WHETHER THERE IS INTRADAY RISE OR NOT, EVEN A FLAT CAN BE USED TO TRADE SHORT WITH STOP LOSS ABOVE THE SHORT HOLDING LEVELS OF 10066 TO 10070 FUTURES.

THE ONLY SAVING GRACE FOR THE BULLS CAN BE, THAT ON , THE BRUTAL FALL TOUCHED BOTH THE 50 DMA AND ALSO 34 DMA CAMPING AROUND THE DAY LOW OF  9950 SPOT THAT MAY ACT LIKE A SPRING BOARDS TO CATAPULT NIFTY A BIT BUT ONLY TO END IN ANOTHER BIG DIVE TO BREACH THE 50 DMA AROUND 9950 TO GO FURTHER DOWN TOWARDS THE 50% RETRACEMENT LEVEL OF 9932 SPOT FOLLOWED BY THE MORE LIKELY 61.8% RETRACEMENT LEVEL OF 9875 SPOT LEVELS COUNTED FROM  11TH AUGUST DOJI LOWS OF 9686 TILL 19TH SEPTEMBER DECEPTIVE HIGH OF 10179, BEFORE ANYONE CAN EVEN THINK OF ANY RISE OR RESUMPTION OF THE BULL RUN.

THE DEADLY ‘2B’ SETUP FORMED AFTER THE WELL ORCHESTRATED AND MANIPULATED HIGHER HIGH OF 10179 IS A CLEAR INDICATION THAT 11 AUGUST SWING LOW WILL BE DECISIVELY BREACHED FOR MUCH MUCH LOWER LEVELS IF THE MONSTER RED CANDLE HIGH OF  FRIDAY 22ND SEPT AT 10099 SPOT  IS NOT BREACHED DECISIVELY AND NIFTY  FAILS TO RISE & CLOSE ABOVE 10099 SPOT. IN THE WEEKLY CHARTS, NIFTY HAS FORMED A DEADLY WEEKLY BEARISH ENGULFING CANDLE THAT SHOULD SEE  AT LEAST 2 TO 3 MORE WEEKS OF FALLS IN NIFTY WHICH WILL  TAKE NIFTY PAST THE 11TH AUGUST LOWS OF 9686 SPOT WITH THE WEEKLY 5, 8 AND 13 MOVING AVERAGES AROUND  9964,9929 &  9878 PROVIDING THE REQUISITE REST, REFRESHMENTS & TOILET BREAKS  TO THE AGGRESSIVE BEARS.

REMEMBER THE ABOVE PARAGRAPHS ARE FOR SWING TRADERS WHO HAVE INITIATED SHORTS ON FRIDAY WITH STOP AT FRIDAY HIGHS ON A CLOSING BASIS. HOWEVER  INTRADAY TRADING IS A DIFFERENT BALL GAME ALTOGETHER AND MANY A TIMES PROVIDE GREAT GAINS ON RETRACEMENT RISES OR ON  BREAKOUT / BREAKDOWN FAILURES. (INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

 

MARKETS FOR  FRIDAY 22 SEP FALLING FROM A DAY HIGH OF 10158 SPOT ( 10174 FUTURES) TO A DAY LOW WHICH WAS 100 POINTS DOWN AT 10058 SPOT (10072 FUTURES) & THEN TO RISE  TILL 10140 SPOT & 10154 FUTURES TO CLOSE NEAR 10122 SPOT & 10138 FUTURES IS AN INDICATION THAT BULLS WILL NOT ALLOW THIS MARKET TO FALL .

LAST WEEK NIFTY HAD CLOSED AT 10085 SPOT WITH A WEEKLY HIGH OF 10132 SPOT. EXPECT OPERATORS TO PULL NIFTY DOWN AGAIN TO CLOSE THE WEEK NEAR OR BELOW LAST WEEK’S HIGHS OF 10132 SPOT. A CLOSE ABOVE 10138 SPOT IS A MEGA BULLISH SIGNAL FOR THE COMING WEEK. SO LOOK FOR DECLINES TO BUY AND IF NIFTY IS PULLED DOWN TOWARDS THURSDAY’S LOWS OF 10058 SPOT OR 10072 FUTURES THEN BOLDLY BUY AND HOLD.

FOR INTRADAY TRADING  ON FRIDAY, NIFTY  LOOKS STRONG  ON BREACH AND STAY ABOVE 10161 SPOT AND FUTURES TOWARDS MUCH HIGHER LEVELS TOWARDS 20190 FUTURES. A FAILURE TO RISE ABOVE 10160  FUTURES WILL MAKE NIFTY LOOK WEAK  AND AFTER THE RISE OR ANY TIME A SLIDE TO STAY BELOW 10120 TO 10115 FUTURES IS A SIGN OF WEAKNESS TO TRADE SHORT FOR LOWER LEVELS TOWARDS 10080 TO 10070 FOR BOLD BUYING ACTION AGAIN.

 

MARKETS FOR  THURSDAY 21 SEP NIFTY DID NOT MOVE AN INCH FOR THE LAST TWO DAYS. ON WEDNESDAY, IT MOVED ONLY 36 POINTS IN SPOT AND SURPRISINGLY ONLY 26 POINTS FOR THE FUTURES SUGGESTING THAT SOME BIG MOVE IS THERE ON EITHER SIDE, EITHER FROM FRIDAY OR EARLY NEXT WEEK.

SINCE EVERYONE IS OF THE OPINION OF A BULLISH BREAKOUT AS PER TECHNICALLS, IT WILL OFFER THE IDEAL OPPORTUNITY FOR THE OPERATORS TO FOOL EVERYONE BY PULLING DOW THE MARKETS. A SLIDE TO CLOSE MUCH BELOW BOTH 10130 SPOT &  10140 FUTURES SHOULD BE THE RIGHT INDICATION FOR SOME DOWN MOVE AND A DECISIVE CLOSE ABOVE  10180 SPOT & 10190 FUTURES WILL SEE CONTINUATION OF THE UP MOVE AFTER A FEW DAYS OF PAUSE THAT WAS SEEN AFTER THE GAP UP BREAK OUT OF MONDAY 18TH SEPTEMBER.

FOR INTRADAY TRADING ON THURSDAY, LOOK FOR DECLINES TO BOLDLY BUY AS LONG AS NIFTY STAYS ABOVE 10130 SPOT & 10137 FUTURES. ONLY A CLOSURE OF A 30 MINUTE CANDLE BELOW BOTH THESE LEVELS ARE THE INDICATIONS TO QUIT INTRADAY LONGS & INITIATE FRESH SHORTS. ALL INTRADAY DECLINES TOWARDS 10134 SPOT & 10150 FUTURES ARE ALSO  BUYS WITH STOP LOSS A FEW POINTS BELOW 10120 SPOT & 10136 FUTURES TO QUIT & LOOK FOR SOME RISE TO TRADE SHORT.

ON THE HIGHER SIDE, A 30 MINUTE CANDLE CLOSING ABOVE 10170 SPOT &  10190 FUTURES IS A SIGN OF STRENGTH THAT WILL TRIGGER A GOOD SHORT COVERING RISE TOWARDS 10200 SPOT & 10220 FUTURES THAT MAY SIGNAL MUCH HIGHER MOVES FOR THE SESSIONS TO FOLLOW WITH MINOR DECEPTIVE PAUSES IN BETWEEN. DO NOT BOTHER FOR THE HIGHLY MANIPULATED SGX NIFTY SHOWING BIG NEGATIVE ON THURSDAY MORNING. USE THIS MANIPULATED SGX’S NEGATIVE INDICATIONS TO BOLDLY  BUY.

UPDATING WILL RESUME FROM 21 SEPT

MARKETS FOR  MONDAY 18 SEP

NIFTY CLOSED THE WEEK AT 10085 SPOT ABOVE THE WEEKLY HIGHS OF THREE PREVIOUS WEEKS’ HAMMERS THAT IS AN EXTREMELY BULLISH SIGNAL TECHNICALLY. SO, LOOK FOR DECLINES TO BOLDLY BUY AND HOLD FOR GOOD GAINS IN SEPTEMBER.

AS LONG AS NIFTY DOES NOT FALL TO CLOSE A DAILY CANDLE BELOW 10060 SPOT EVERY DECLINE TOWARDS PREVIOUS DAY’S LOW IS A BUY. IF NIFTY CLOSES BELOW 10060 SPOT  FOR A DAY OR TWO THEN THERE IS THE POSSIBILITY OF FURTHER FALLS. A RISE TO CLOSE A DAY ABOVE 10138 SPOT WILL SEE MANY MORE NEW HIGHS. ACCUMULATE STOCKS WHICH WERE BADLY BEATEN DOWN LAST WEEK LIKE STOCKS OF OIL MARKETING COMPANIES, LIC HOUSING FINANCE ETC FOR VERY GOOD GAINS DURING THE WEEK.

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  FRIDAY 15 SEP NIFTY SPOT CLOSED AROUND 10086 AND  FUTURES CLOSED AROUND 10017. LAST FRIDAY NIFTY HAD A WEEKLY CLOSING AT 9934 SPOT & 9950 FUTURES. THERE IS EVERY POSSIBILITY OF FOREIGN OPERATORS PULLING DOWN NIFTY TO CLOSE NEARER TO OR BELOW LAST WEEK’S HIGHS OF 9988 SPOT &  10009 FUTURES.

A WEEKLY CLOSING ABOVE THE PREVIOUS WEEK’S HIGHS IS GENERALLY A HIGHLY BULLISH INDICATION FOR THE COMING WEEK WHICH THE FOREIGN OPERATORS CAN NOT DIGEST AS THEY WANT EVERYONE TO REMAIN CONFUSED. SO, EXPECT AN OPERATOR DRIVEN PULL DOWN ON FRIDAY TO HAVE A WEEKLY CLOSING NOT VERY MUCH HIGHER THAN LAST WEEK’S  HIGHS OF 9988 SPOT & 10009 FUTURES.

FOR INTRADAY TRADING ON FRIDAY, 10063 SPOT & 10077 FUTURES HOLD THE KEY TO A FALL ON FRIDAY. A FALL TOWARDS THESE LEVELS CAN BE BOLDLY BOUGHT FOR GOOD INTRADAY GAINS. ONLY A 30 MINUTE CLOSE BELOW THESE LEVELS CAN SPELL DISASTER FOR THE BULLS THAT CAN BE USED AS A STOP LOSS ON A CANDLE CLOSING BASIS. A DAILY CLOSE BELOW THESE LEVELS CAN SEE A FEW MORE DAYS OF FALLS NEXT WEEK.

ON THE HIGHER SIDE, AFTER THE SLIDE IF AT ALL IT COMES, A RISE TO BREACH AND STAY ABOVE  THURSDAY’S CLOSING LEVELS OF 10087 SPOT & 10017 FUTURES WILL GIVE STRENGTH TO BEARS TO BOLDLY COVER THEIR SHORTS AND A RISE TOWARDS THURSDAYS HIGHS TO BREACH AND STAY ABOVE IT CAN GIVE MORE STRENGTH TO THE BEARS TO START SPRINTING BY DUMPING WHATEVER SHORTS THEY ARE STILL HOLDING.

BE SURE SGX MANIPULATORS WILL KEEP NIFTY DOWN TO GENERATE A NEGATIVE INFLUENCE ON INDIAN MARKETS THAT WILL MAKE SEASONED ANALYSTS ON TV TO FORGET THEIR YEARS OF EXPERIENCE AND PROJECT INDIAN MARKETS FOR REST OF THE DAY BASED ON WHAT MANIPULATED SGX NIFTY DEPICTS IN THE MORNING BEFORE THE START.

MARKETS FOR  THURS 14 SEP NIFTY SPOT MADE A DAY HIGH OF  10131 JUST SHORT OF ALL TIME HIGH OF 10138 AND FUTURES MADE A HIGH OF 10144 JUST SHORT OF  2ND AUGUST HIGHS OF 10150 SETTING THE STAGE FOR A PERFECT DOUBLE HEAD  THAT WILL BE CONFIRMED NEXT WEEK. SPOT NIFTY MADE A HIGHER HIGH, HIGHER LOW BUT A LOWER CLOSING ON WEDNESDAY AND A DAY OR TWO OF CLOSE BELOW 10060 SPOT IS THE IDEAL SITUATION TO ADD ON TO THE SHORT POSITIONS . HOWEVER A RISE TO BREACH 10138 SPOT  & MORE IMPORTANTLY A CLOSE ABOVE IT WILL BE THE INDICATION OF MORE AND MORE NEW HIGHS AS THAT WILL CONFIRM THE RESUMPTION OF THE MEGA BULL RUN.

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  WED 13 SEP NIFTY SPOT WENT UP, BREACHED AND CLOSED ABOVE 10088 WHICH TECHNICALLY SUGGESTS THE EARLIER LIFE TIME HIGH OF 10138 CAN BE RETESTED AND BREACHED FOR NEW LIFE TIME HIGHS. BUT REMEMBER THE GOLDEN RULE WHEN EVERYTHING LOOKS BULLISH TECHNICALLY, FOREIGN  OPERATORS PLAY THEIR BEST ROLE TO FOOL EVERYONE. SO, DON’T BE SURPRISED TO SEE A GAP UP TOWARDS OR ABOVE 10133 FUTURES, TO BE FOLLOWED BY MASSIVE DECLINE OR THE DECLINE CAN START RIGHT FROM THE START.

CORRECTION IS DUE ANYTIME AND POSSIBILITY OF A DOUBLE HEAD NEAR LIFE TIME HIGH OF 10138 SPOT  & 10185 FUTURES IS THE NEXT HOPE FOR SHORTERS. INTRADAY TRADERS JUST DON’T BOTHER FOR ALL THESE THINGS AND TRADE INTRADAY BOTH WAYS LONG & SHORT AND SLEEP WELL IN THE NIGHT WITHOUT BOTHERING FOR DOW OR SGX MANIPULATORS.

FOR INTRADAY TRADERS, A FALL BY NIFTY FUTURES TO CLOSE A 30 MINUTE CANDLE BELOW 10100 IS THE FIRST INDICATION TO TRADE SHORT WITH THE STOP LOSS ABOVE 10133 TO REVERSE AND GO LONG. MORE SHORTS BE ADDED IN CASE NIFTY FUTURES FALLS BELOW 10080 TO 10070 FUTURE ZONE FOR LOWER LEVELS TOWARDS TUESDAY’S LOWS OF 10036 TO  10044 FUTURE ZONE.

 A CLOSER OF A 30 MINUTE CANDLE BELOW 10050 FUTURES ON ANY DAY WILL GENERATE PANIC AMONG BULLS WHO WILL QUIT THE LONGS AND ENTER SHORTS FOR MUCH LOWER LEVELS. HOWEVER AFTER THE FALL BELOW 10075, A RISE TO BREACH AND STAY ABOVE 10100 WILL BE A SIGN OF STRENGTH AND NIFTY FUTURE WILL TURN MORE BULLISH IN CASE IT BREACHES AND STAYS ABOVE 10133 FUTURES TO TRIGGER SHORT COVERING & FRESH LONG ENTRY. GO LONG IN CASE NIFTY FUTURE FROM LOWER LEVELS RISES ABOVE 10133.

  

MARKETS FOR  TUESDAY 12 SEP  FOR TUESDAY, EXPECT NIFTY TO FALL IN CASE IT CAN NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE MONDAY’S HIGHS OF 10050. ON ANY DAY IN CASE NIFTY SPOT RISES AND CLOSES ABOVE 10088 SPOT, THEN THERE IS EVERY POSSIBILITY THAT NEW HIGH WILL BE MADE AND THEREAFTER MANY MORE HIGHS WILL BE SEEN. HOWEVER A FAILURE TO CLOSE A DAILY CANDLE ABOVE 10088 SPOT WILL CERTAINLY SEE THE EXPECTED CORRECTION BEFORE THE MEGA BULL RUN RESUMES.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, EXPECT THE DECEPTIVE MILD GAP UP TO BE FOLLOWED BY SELL OFF IF NIFTY FUTURES FAILS TO SUSTAIN ABOVE MONDAY’S HIGHS OF 10050. AFTER INITIAL RISE, IN CASE NIFTY FUTURES SLIDES BELOW 10015 THEN IT WILL BE THE FIRST SIGN OF WEAKNESS FOR FURTHER FALLS AND A SLIDE TO CLOSE A CANDLE BELOW 10000 FUTURES FOLLOWED BY 9990 FUTURES WILL CONFIRM BIGGER FALLS.

SO, TRADE LONG IN CASE  NIFTY FUTURES BREACHES AND SUSTAINS ABOVE MONDAY’S HIGHS OF 10050 AND TRADE SHORT IN CASE THIS CAN NOT BE BREACHED AND ADD MORE SHORTS BELOW 10000 FUTURES. BUY BACK THE SHORTS AND GO LONG IF NIFTY FUTURES BREACHES MONDAY’S LOWS OF 9985 AND SLIDES TOWARDS 9970 TO 9960

 

MARKETS FOR  MONDAY 11 SEP NIFTY DOES NOT GIVE A CLUE AS TO WHICH WAY IT WILL MOVE ALTHOUGH ULTIMATELY IT HAS TO FALL TO COMPLETE THE CORRECTION BEFORE THE RESUMPTION OF THE BULL RUN. FOR THE INTRADAY TRADING ON MONDAY WAIT FOR NIFTY TO APPROACH TOWARDS FRIDAY’S HIGHS TO TRADE SHORT OR TOWARDS FRIDAY’S LOWS TO TRADE LONG. AFTER A RISE, IN CASE NIFTY FUTURES SLIDES TO STAY BELOW 9950 IT WILL BECOME WEAK TOWARDS FRIDAY’S LOWS OF 9921 TO 9925 AND AFTER A FALL IF NIFTY FUTURE RISES TO STAY ABOVE 9955 THEN IT WILL BE A SIGN OF STRENGTH TO TEST FRIDAYS HIGHS OF 9978 TO 9970.

MARKETS FOR  FRIDAY 08 SEP NIFTY MOVED WITHIN A VERY TIGHT RANGE OF 47 POINTS FOR SPOT NIFTY AND 35 POINTS FOR NIFTY FUTURES. FOR FRIDAY’S TRADING LOOK FOR DECLINES TO TRADE LONG AS LONG AS NIFTY DOES NOT CLOSE A 30 MINUTE CANDLE BELOW 9919 SPOT AND 9944 FUTURES, A CLOSE BELOW WHICH WILL MAKE BOTH THE NIFTYS WEAK FOR MUCH LOWER LEVELS.

ON THE HIGHER SIDE A RISE TO STAY ABOVE 9949 SPOT & 9977 FUTURES WILL BE A SIGN OF STRENGTH FOR MUCH HIGHER LEVELS  TOWARDS 9988 SPOT AND 10000 OR HIGHER FUTURES LEVELS. NIFTY CONTINUES TO REMAIN WITHIN A FLAT & TIGHT RANGE LOOKING FOR A SURPRISE OPPORTUNITY TO BREAK OUT FOR NEW HIGHS OR BREAK DOWN FOR NEW LOWS BELOW  9860 SPOT. TILL THIS HAPPENS TRADE INTRADAY & SLEEP WELL WITHOUT BOTHERING FOR WHAT THE HELL IS GOING TO HAPPEN TOMORROW EARLY MORNING.

 (INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  THURSDAY 07 SEP NIFTY AS EXPECTED FELL ON WEDNESDAY  BUT AS WAS INDICATED AFTER THE GAP DOWN OPEN DID NOT  STAY BELOW  TUESDAY’S LOWS OF 9900 SPOT OR 9915 FUTURES , HENCE THE BOUNCE CAME. NOW, FOR THURSDAY EXPECT A RISE IN NIFTY AS LONG AS IT DOES NOT FALL AND MORE IMPORTANTLY CLOSES A 30 MINUTE CANDLE BELOW 9930 FUTURES BELOW WHICH  NIFTY FUTURES CAN FALL TOWARDS WEDNESDAY’S LOWS OF 9909 FUTURES . A FALL AND STAY BELOW 9909 FUTURES CAN SEE BIGGER FALL FOR FUTURES.

ON THE HIGHER SIDE, NIFTY FUTURES NEEDS TO BREACH AND STAY ABOVE WEDNESDAY’S HIGHS OF 9955 TO CLOSE A 30 MINUTE CANDLE ABOVE IT FOR VERY GOOD INTRADAY UP MOVE TOWARDS 9969 INITIALLY  BREACHING & STAYING ABOVE 9969 FUTURES CAN SEE MUCH HIGHER LEVELS TOWARDS 10000 OR HIGHER FUTURE LEVELS. USE DECLINES TO BUY FOR THURSDAY

MARKETS FOR  WED 06 SEP  WEDNESDAY MAY SEE A DOWN SIDE CORRECTION IN CASE NIFTY FAILS TO RISE AND CLOSE A 30 MINUTE CANDLE ABOVE 9963 SPOT & 9983 FUTURES. THE FALL MAY BE MORE VIGOROUS IN CASE NIFTY SLIDES AND STAYS BELOW 9925 SPOT AND 9944 FUTURES . ON ANY DAY AND ANY SESSION IN CASE NIFTY SLIDES AND STAYS BELOW 9900 SPOT AND 9915 FUTURES THEN THERE WILL BE MUCH BIGGER FALLS.

IN CASE NIFTY RISES TO CLOSE ABOVE 9988 SPOT & 10017 FUTURES FOR A DAY OR TWO THEN THERE IS A POSSIBILITY OF A MUCH BIGGER MOVE. THE DAILY CANDLE OF MONDAY 4TH SEPT WAS  A BEARISH ENGULFING OUTSIDE AND ALSO INSIDE CANDLE SETUP WITH CANDLES OF FRIDAY 1ST SEPT AND TUESDAY 5TH SEPT. HENCE THE CLOSURE OF A DAILY CANDLE ABOVE THE MOTHER CANDLE HIGH OR LOW OF 4TH SEPT ABOVE  9988  OR BELOW  9861 SPOT CAN CERTAINLY SEE BIGGER MOVE IN THE DIRECTION OF BREACH.

FOR INTRADAY TRADING, ONE CAN TRADE INTRADAY SHORTS ON WEDNESDAY IN CASE NIFTY FALTERS IN BREACHING AND STAYING ABOVE TUESDAY’S HIGHS.

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  TUESDAY 05 SEP AS WAS MENTIONED EARLIER THE RISE FOR A FEW DAYS WAS A DECEPTIVE ONE & OPERATORS INDUCED A FEELING THAT BULL RUN HAS RESUMED BUT ONLY TO FOOL EVERYONE TO CHANGE THEIR OPINION FROM BULLISHNESS TO BEARISHNESS. NOW THE LOWS OF MONDAY AROUND 98 9860 SPOT AND 9887 FUTURES IS CRITICAL AND A DAILY CLOSE BELOW BOTH THESE LEVELS WILL CERTAINLY SEE BIGGER FALLS. IN ANY CASE A 30 MINUTE CANDLE CLOSE BELOW 9855 SPOT AND 9880 FUTURES  IS ANOTHER SIGNAL TO GO DOUBLE SHORT FOR MUCH MUCH LOWER LEVELS AGAIN .

TILL SUCH TIME BOTH NIFTY SPOT & FUTURES DO NOT CLOSE BELOW 9855 & 9880 THERE IS EVERY POSSIBILITY OF NIFTY RISING AGAIN.IN CASE OF SOME SLIDE, INTRADAY TRADERS CAN BUY FOR GOOD INTRADAY GAINS WITH STOP LOSS BELOW 9855 SPOT & 9980 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS AND GO DOUBLE SHORT

 (INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  MONDAY 04 SEP DAILY AND WEEKLY CLOSING OF NIFTY SPOT AND NIFTY FUTURES LOOKS HIGHLY BULLISH FOR  HIGHER LEVELS ALTHOUGH EVEN AFTER 3 WEEKS OF RISE FROM LOWS OF 9685 SPOT NIFTY HAS NOT BEEN ABLE TO RECOVER THE SINGLE WEEK OF FALL FOR THE WEEKENDING 11TH AUGUST FROM THE WEEKLY HIGHS OF  10088 SPOT TILL 9685 SPOT. BOTH THE 5 AND 8 WEEKLY MOVING AVERAGES AROUND 9880 SPOT SHOULD PROVIDE STRONG SUPPORT TO NIFTY BELOW WHICH ONE CAN EXPECT 13 WEEKLY MOVING AVERAGE TO PROVIDE NEXT LINE OF DEFENSE TO NIFTY AROUND 9783 SPOT THAT WAS THE LOW OF LAST WEEK ENDING 1ST SEPT.

WITH THE WEEKLY DOJI FOR THE WEEKENDING 24TH AUGUST FOLLOWED BY THE WEEKLY GREEN HAMMER FOR THE WEEKENDING 1ST SEPT WHICH CLOSED AT 9974 MUCH HIGHER THAN THE PREVIOUS WEEK’S DOJI HIGH OF 9884 SPOT IS A SIGN OF STRENGTH FOR MUCH HIGHER LEVELS. BUT REMEMBER THE GOLDEN RULE WHEN EVERYTHING LOOKS ROSY FOR THE BULLS, THE OPERATORS PLAY THEIR NASTY GAME TO THWART ALL THE BULLISH INDICATIONS & AFTER A MILD RISE START THE PULL DOWN OF THE MARKETS TO FOOL EVERYONE.

TECHNICALS CERTAINLY SUGGEST BUYING THE DECLINES AS LONG AS NIFTY DOES NOT CLOSE A 30 MINUTE CANDLE BELOW 9950 SPOT OR 9977 FUTURES. IF THIS HAPPENS THEN CLOSE THE EYES AND TRADE SHORT FOR SOME MORE DOWN SIDE. ON THE HIGHER SIDE A DECISIVE BREACH AND CLOSE ABOVE 10088 SPOT FOR A DAY OR TWO WILL CONFIRM THE RESUMPTION OF THE MEGA BULL RUN TOWARDS MUCH HIGHER LEVELS ABOVE 2ND AUGUST LIFE TIME HIGHS OF 10137. TILL THIS HAPPENED BULLS SHOULD BE BIT CAUTIOUS AND SHOULD HEDGE THEIR LONGS BY WRITING 10100 AND 10000 CALLS ON MARKET RISE TO AT LEAST POCKET THE PREMIUMS ON THESE BY HOLDING ON TO LONG FUTURES.

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  FRIDAY 01 SEP EXPECT FRIDAY ALSO TO BE MILDLY BULLISH & DON’T BE SURPRISED TO SEE NIFTY HAVING A WEEKLY CLOSE ABOVE THE CRITICAL 9949 SPOT TO ATTRACT BUYERS SO AS TO SEE THEM GETTING BADLY TRAPPED LATER. LEVELS AROUND 9966 SPOT IS NEAR THE CRITICAL 61.8% RETRACEMENT LEVEL FROM LIFE TIME HIGH OF 10137 TILL SWING LOWS OF 9685. SO LOGICALLY EXPECT NIFTY TO BE TAKEN TOWARDS 9966 LEVELS BEFORE THE NEXT LEG OF THE CORRECTION RESUMES. HOWEVER A DECISIVE CLOSE ABOVE 9949 TO 9966 SPOT ZONE MAY INDICATE THAT THERE MAY NOT BE ANY MORE CORRECTION AND THE MEGA BULL RUN HAS RESUMED TOWARDS NEW LIFE TIME HIGHS ABOVE 2ND AUGUST HIGHS OF 10137 SPOT LEVELS.

AFTER 5 MONTHS OF CONSECUTIVELY HIGHER CLOSINGS , JUNE MONTH HAD MADE A NEGATIVE CLOSING THAT WAS FOLLOWED BY A MEGA BULLISH MONTH OF JULY.NOW, AUGUST MONTH HAS MADE A NEGATIVE MONTHLY CLOSING BY CLOSING AT 9918 COMPARED TO JULY MONTH CLOSING OF 10077 SPOT. SO, DON’T BE SURPRISED TO SEE A MEGA BULLISH MONTH OF SEPTEMBER AS WAS THE CASE FOR JULY MONTH. HOWEVER THE HIGHS AND LOWS OF THE MONSTER WEEKLY RED CANDLE OF WEEK ENDING 11TH AUGUST WITH HIGHS OF 10088 AND LOWS OF 9685 SPOT WILL CONTINUE TO PLAY A MAJOR ROLE TILL ITS HIGHS OR LOWS ARE BREACHED ON A CLOSING BASIS. A CLOSE ABOVE 10088 SPOT WILL CONFIRM THE RESUMPTION OF MEGA BULL RUN & A CLOSE BELOW 9685 SPOT WILL CONFIRM THAT THE ‘C’ DOWN WAVE OF THE CORRECTION WILL TAKE NIFTY TOWARDS MUCH LOWER LEVELS.

SO, WRITE HIGHER CALLS ON MARKET RISE AND WRITE LOWER PUTS ON MARKET DECLINES TO POCKET THE HEFTY PREMIUM ON THESE DURING THE MONTH OF SEPTEMBER. TRADERS SHOULD ONLY DO HEAVY LOTS INTRADAY TRADING IN NIFTY & BANK NIFTY FUTURES DAILY AS PER INTRADAY TECHNICALS & HAVE A NICE SLEEP DAILY WITHOUT BOTHERING WHAT HAPPENS TO NIFTY OR BNF OR WITHOUT GETTING TRAPPED ON THESE FOR THE NEXT DAY.

MARKETS FOR  THURSDAY 31 AUG EXPIRY DAY HENCE MINIMUM TRADE IS THE BEST TRADE. SEPTEMBER MONTH WILL TEST AUGUST LOWS OF 9685 SPOT , SO USE RISES TO ADD SEPTEMBER SERIES SHORTS. THE FALL WILL ACCELERATE BELOW 9779 SPOT. USE RISES TO BOLDLY WRITE HIGHER SEPTEMBER SERIES CALLS OF 10000, 9950 AND 9900 FOR GOOD GAINS ON THESE SHORTED CALLS OF SEPTEMBER.

FOR INTRADAY TRADING OF NIFTY FUTURES, NIFTY FUTURES BECOMES WEEK  IN CASE FALLS AND CLOSES A 30 MINUTE CANDLE  BELOW 9850 TO 9840 ZONE TO SEE BIGGER FALLS. A SLIDE TO STAY BELOW 9860 FUTURES WILL BE THE INITIAL SIGN OF WEAKNESS TO TRADE SHORT FOR LOWER LEVELS TOWARDS 9820 TO 9810.

AFTER THE FALL A RISE TO BREACH AND STAY ABOVE 9889 TO 9891 FUTURE LEVELS WILL TRIGGER SHORT COVERING & A RISE ABOVE 9900 TO 9905 FUTURES ZONE  CAN SEE  MUCH HIGHER LEVELS ABOVE WEDNESDAY’S HIGHS OF 9919 FUTURES TOWARDS 9940 TO 9950 FUTURE LEVELS.

MARKETS FOR  WED 30 AUG NIFTY LOOKS HIGHLY VULNERABLE FOR MUCH BIGGER FALLS. MOST LIKELY THE UPSIDE 2ND WAVE  ‘ABC’ CORRECTION WAS COMPLETE AT 9925 SPOT ON MONDAY 28TH AUGUST AND THE 3RD DOWN WAVE HAS STARTED FROM MONDAY’S HIGHS OF 9925 EXACTLY FROM THE 20 DMA. THE MONSTER 3RD DOWN WAVE WILL EASILY TAKE OUT 21ST AUGUST LOWS OF 9740 FOLLOWED BY 11TH AUGUST DOJI LOWS OF 9685 SPOT TOWARDS MUCH MUCH LOWER LEVELS WITHIN NEXT TWO TO THREE WEEKS. DONT BE SURPRISED TO FIND A DAY OR TWO OF DECEPTIVE RISE TO ATTRACT & TRAP THE BULLS. IN FACT THE MOTTO NOW SHOULD BE LOOK FOR RISE AS GOD SENT OPPORTUNITY TO ADD SHORTS & SHORTS ONLY.

 

NIFTY SPOT’S CLOSING AT 9794 ON TUESDAY,  HAVING ALREADY BREACHED AND CLOSED BELOW THE 50 DMA AROUND  9808 WILL NOW AIM FOR THE 100 DMA AROUND 9606 FOLLOWED BY THE 200 DMA AROUND 9060 SPOT AS PART OF THE BIGGER CORRECTION FROM 26TH DECEMBER 2016 LOWS OF 7893 TILL 2ND AUGUST 2017 HIGHS OF 10137 SPOT.

 

SO LOOK FOR DECEPTIVE RISE BASED ON PLANTED NEWS TO BOLDLY ADD SHORT POSITIONS TO RIDE THE CORRECTION & TO THIS EXTENT EXPECT BOTH WEDNESDAY & THURSDAY TO BE DECEPTIVE & MILDLY BULLISH DAYS TO ATTRACT BUYERS SO AS TO BRUTALLY TRAP THEM LATER. HIGHLY MANIPULATED SGX NIFTY WILL BE SUITABLY KEPT UP ON WEDNESDAY MORNING TO TRAP THE BULLS.

 

ONLY A WEEKLY CLOSE ABOVE 9949 SPOT CAN ALTER THE VIEW FROM BEARISHNESS TO BULLISHNESS. A WEEKLY CLOSE BELOW THE WEEK ENDING  11TH AUGUST MONSTER WEEKLY RED CANDLE LOWS OF 9685 SPOT WILL SEE BULLS JUST VANISHING FROM THE SIGHT FOR NEXT FEW WEEKS. SO, USE RISE TO ADD SHORTS WITH STOP LOSS ABOVE 9949 SPOT ON A CLOSING BASIS

HOWEVER INTRADAY TRADING IS ALTOGETHER A DIFFERENT BALL GAME THAT MAY GIVE GREAT INTRADAY BUYING GAINS ON INTRADAY DECLINES & SHORTING GAINS ON INTRADAY RISES.

MARKETS FOR TUESDAY 29 AUG NIFTY STILL LOOKS BULLISH AND USE DECLINES TO BUY. HOWEVER IN CASE A 30 MINUTE CANDLE CLOSES BELOW BOTH 9893 SPOT & 9898 FUTURES THEN CLOSE ALL LONGS AND TRADE SHORT. MOST LIKELY NIFTY FUTURE WILL BE MADE TO RETEST MONDAY’S HIGHS OF 9939 TO 9940 FUTURES STAYING ABOVE WHICH ONE CAN SEE MORE HIGHER LEVELS, BUT FAILING TO BREACH AND STAY ABOVE 9939/9940 CAN SEE NIFTY FUTURE SLIDING. AFTER A RISE A SLIDE TO FALL AND STAY BELOW 9909 WILL BE THE INITIAL SIGN OF WEAKNESS AND A SLIDE BELOW MONDAY’S LOWS OF 9885 FUTURES CAN SEE  BIGGER FALLS.

MARKETS FOR MONDAY 28 AUG TWO TRUNCATED WEEKS SAW NIFTY TRADING WITHIN A NARROW RANGE AND THE WEEK ENDING 24TH AUGUST SAW NIFTY CLOSE AT 9857 SPOT IN THE FORM OF A WEEKLY DRAGONFLY DOJI GIVING HOPES OF SOME MORE DAYS OF RISE DURING THE EXPIRY WEEK. 21ST AUGUST HIGHS OF 9884 SPOT HOLDS THE KEY FOR ANY FURTHER RISE AND NIFTY SPOT HAS TO DECISIVELY BREACH AND CLOSE ABOVE 9884 TO GENERATE ANY HOPES FOR THE BULLS TO PRESS A LITTLE HARDER TOWARDS 17TH AUGUST HIGHS OF 9949 SPOT. A BREACH AND CLOSE ABOVE WHICH ONLY CAN SEE SOME MORE UP MOVE, FAILING WHICH THE MONSTER RED WEEKLY CANDLE OF WEEKENDING  11TH AUGUST WILL ALWAYS THROW ITS  BEARISH WEIGHT ON THE MARKETS TO LOOK BEARISH FOR REST OF THE YEAR.

AFTER MAKING THE LIFE TIME HIGHS AT 10137 ON 2ND AUGUST, NIFTY FELL TILL 11TH AUGUST LOWS OF 9685 SPOT AS PART OF THE 1ST DOWN WAVE. FROM THE LOWS OF 9685 TILL  17TH AUGUST HIGHS OF 9948 SPOT NIFTY MADE THE ‘A’ OF THE CORRECTIVE ‘ABC UP WAVE. TILL 21ST AUGUST LOWS OF 9740 SPOT NIFTY MADE THE ‘B’ DOWN OF THE CORRECTIVE ‘ABC WAVE. NOW NIFTY IS IN THE ‘C’ UP PORTION OF THE ‘ABC’ CORRECTIVE WAVE TO THE 1ST WAVE FALL FROM 2ND AUGUST HIGHS OF 10137 TILL  11TH AUGUST LOWS OF 9685 SPOT.

A 61.8% CORRECTION TO THE 1ST WAVE FALL CAN TAKE NIFTY TOWARDS 9966 OR A BIT HIGHER TO COMPLETE THE ‘ABC’ CORRECTION BEFORE THE BIG NEXT LEG OF THE DOWN WAVE RESUMES. HOWEVER A RISE TO CLOSE ABOVE THE WEEKENDING 11TH AUGUST MONSTER WEEKLY RED CANDLE HIGHS OF 10088 SPOT WILL NULLIFY ALL THE BEARISH OUTLOOK AND ONE CAN BE CONFIRMED OF THE RESUMPTION OF THE MEGA BULL RUN TOWARDS NEW LIFE TIME HIGHS ABOVE 2ND AUGUST HIGHS OF 10137 SPOT. 

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, NIFTY FUTURES NEEDS TO BREACH AND STAY ABOVE THURSDAY’S INTRADAY HIGH OF 9889/9890 TO CLOSE A 30 MINUTE CANDLE ABOVE IT TO TRIGGER SHORT COVERING. A RISE TO BREACH AND STAY ABOVE 9900 TO 9905 FUTURE ZONE CAN SEE  SHARP RISE TOWARDS 9919 FOLLOWED BY 9930 TO 9940 FUTURE LEVELS. A FAILURE TO BREACH AND STAY ABOVE 9900 TO 9905 FUTURE ZONE WILL SEE SHORTING INTEREST DEVELOPING TO PULL NIFTY FUTURES DOWN TOWARDS  9970 BELOW WHICH BEARS WILL START TO DOMINATE NIFTY FUTURES TOWARDS THURSDAY’S LOWS OF 9850 LEVELS STAYING BELOW WHICH CAN EASILY SEE MUCH LOWER LEVELS TOWARDS 98 35 FOLLOWED BY 9825 OR EVEN 9815 TO 9810 FUTURE LEVELS.

MARKETS FOR THURSDAY 24 AUG LONGS INITIATED FROM MONDAY BE HELD AND MORE LONGS BE ADDED ON EVERY DECLINES TOWARDS 9800 OR PREVIOUS DAYS. HAVE STOP LOSS BELOW 21ST AUGUST LOWS OF 9740 SPOT ON A DAILY CLOSING BASIS TO QUIT LONGS AND TRADE SHORT AND RIDE THE BULL RUN TILL THIS HAPPENS. TRIPLE YOUR LONG POSITIONS IN CASE NIFTY SPOT BREACHES AND MORE IMPORTANTLY STAYS ABOVE 21ST AUGUST HIGHS OF 9884 SPOT AND CLOSES A DAILY CANDLE ABOVE 9884.

MARKETS FOR  WED 23 AUG NIFTY MADE A HIGHER LOW AND HIGHER CLOSING ON TUESDAY THUS GENERATING HOPES OF SOME RISE ON WEDNESDAY. ALTHOUGH BREACH OF MONDAY’S HIGHS OF 9884 SPOT WILL THE RESUMPTION OF THE UP MOVE , IT IS WISER TO TAKE ADVANCE ACTION OF GOING LONG ON INTRADAY DECLINES. SO, FUTURE TRADERS BOLDLY TRADE LONG INCASE NIFTY FUTURES BREACHES AND MORE IMPORTANTLY CLOSES EVEN A 15 MINUTE CANDLE ABOVE 9822 FUTURES. TRIPLE YOUR LONG POSITIONS SHOULD YOU FIND NIFTY FUTURE CLOSES A 30 MINUTE CANDLE ABOVE 9850 TO 9860 FUTURE ZONE. A FAILURE DO ACHIEVE THESE LEVELS CAN BE USED TO TRADE SHORT TO SEE NIFTY FUTURES FALLING TOWARDS MONDAYS OR TUESDAYS LOWS.

MARKETS FOR  TUESDAY 22 AUG NIFTY HAS CLOSED BELOW THE CRITICAL 9783 SPOT AND WENT DOWN  TILL 9740 TO CLOSE AT 9749 SPOT. THESE ARE EXTREMELY BEARISH INDICATIONS AND THERE IS EVERY POSSIBILITY OF NIFTY BREACHING 11TH AUGUST DOJI LOW OF 9685 TOWARDS MUCH LOWER LEVELS. HOLD ALL SHORTS INITIATED ON MONDAY AND HAVE STOP LOSS ABOVE  17TH AUGUST SWING HIGH OF 9948 SPOT ON A CLOSING BASIS AND USE EVERY INTRADAY RISE TO ADD ON TO THE SHORTS POSITIONS.

A FALL TO BREACH 11TH AUGUST DOJI LOWS OF 9685 SPOT WILL CONFIRM THAT NIFTY IS IN FOR A MUCH BIGGER CORRECTIONS TO CORRECT THE ENTIRE RISE FROM 26TH DECEMBER LOWS OF 7893 TILL 2ND AUGUST HIGHS OF 10137. SO, INSTEAD OF WAITING TO SEE WHETHER NIFTY BREACHES 9685 OR NOT JUST CLOSE THE EYES AND GO SHORT.REMEMBER STOP LOSS ABOVE 9949 SPOT

MARKETS FOR  MONDAY 21 AUG NIFTY COMPLETED  ITS CORRECTION TILL 11TH AUGUST LOWS OF 9685 SPOT WHICH WAS ALMOST 61.8%. THE RISE THAT HAS STARTED WENT UP TILL  17TH AUGUST HIGHS OF 9947 AND ON 18TH AUGUST NIFTY CORRECTED TILL 9783 TO CLOSE THE TRUNCATED WEEK AT 9837 SPOT, STILL KEEPING ALIVE THE HOPE FOR FURTHER RISE. AS LONG AS FRIDAY 18TH  AUGUST LOWS OF 9783 SPOT IS NOT BREACHED AND NIFTY DOES NOT CLOSE BELOW IT, EVERY INTRADAY SLIDE IS A GREAT BUYING OPPORTUNITY AND RESUMPTION OF MEGA BULL RUN WILL BE CONFIRMED ONLY ON A CLOSE ABOVE  17TH AUGUST HIGHS OF 9948 THAT WILL  DRIVE NIFTY TOWARDS NEW LIFE TIME HIGHS AGAIN.

HOWEVER IN CASE SPOT NIFTY FAILS TO CLOSE ABOVE 9948 AND FALLS TO CLOSE BELOW 18TH AUGUST LOWS OF 9783 THEN ONE CAN BE REASONABLY SURE TO SEE 11TH AUGUST LOWS OF 9686 BEING BREACHED TOWARDS MUCH LOWER LEVELS AS PART OF A MUCH BIGGER CORRECTION. SO, THE ACTION SHOULD BE TRADE INTRADAY ONLY, AND ON ANY DAY NIFTY SPOT BREACHES AND CLOSES ABOVE 9848 THEN BUY AND HOLD FOR MUCH HIGHER LEVELS. A SLIDE TO CLOSE BELOW 9783 SPOT IS THE SIGNAL TO QUIT ALL LONGS AND TRADE SHORT, MORE SHORTS BE ADDED IN CASE 9685 FAILS TO HOLD

MARKETS FOR  TUESDAY 08 AUG NIFTY CONTINUES TO BE RANGE BOUND WITH A NEGATIVE BIAS AND TILL SUCH TIME NIFTY  DOES NOT RISE TO CLOSE ABOVE 10138 SPOT, THIS RANGE BOUND MOVE WILL CONTINUE WITH A NEGATIVE BIAS FOR NIFTY BUT THE MOVE WILL BE STOCK SPECIFIC. BE ABSOLUTELY SURE TO SEE BIGGER FALLS IN CASE NIFTY BREACHES TO CLOSE BELOW FRIDAY’S LOWS OF 9988 SPOT & 10018 FUTURES. SO, LOOK FOR RISES TOWARDS TO ABOVE PREVIOUS DAYS HIGHS TO TRADE SHORT DAILY FOR GOOD INTRADAY GAINS.

FOR INTRADAY TRADING OF NIFTY FUTURES, A BREACH OF 10077 AND A CLOSER OF A 30 MINUTE CANDLE BELOW 10070 TO 10066 FUTURES WILL CONFIRM THAT THE FRIDAY’S RISE WAS A FAKE ONE TO TRAP BULLS AND MARKET IS LIKELY TO FALL MORE AND BREACH LAST WEEK’S LOWS OF 9988 SPOT AND 10018 FUTURES THIS WEEK FOR MUCH LOWER LEVELS.

INTRADAY TRADERS CAN TRADE SHORT ON A FALL AND STAY BELOW 10066 FUTURES FOR LOWER LEVELS OF 10055,10045 TO 10035 FUTURE LEVELS. AFTER THE FALL, IF NIFTY FUTURES RISES TO BREACH 10099 THEN EXPECT GOOD SHORT COVERING RISE TOWARDS 10100 TO 10110 FUTURE ZONE. BREACH AND STAY ABOVE 10110 WILL BE A SIGN OF STRENGTH THAT MAY LIFT NIFTY FUTURES TOWARDS MONDAY’S HIGHS OF 10129 OR HIGHER LEVELS. THERE WILL BE NO UPDATING FROM 9TH AUGUST TILL 15TH AUGUST

MARKETS FOR  MONDAY 07 AUG TWO DAYS OF MILD FALLS FOLLOWED BY A GAP DOWN OPEN ON FRIDAY TO RECOVER FAST AND CLOSE AT 10066 SPOT AND 10108 FUTURES BOTH RECOVERING ALMOST 76% OF THE TWO DAYS OF FALLS  SUGGESTS THAT THE EXPECTED CORRECTION IS OVER AND NIFTY IS READY TO SCALE NEW HIGHS. HOWEVER A WORD OF CAUTION IS THAT TILL SUCH TIME BOTH NIFTY SPOT & NIFTY FUTURES DO NOT RISE TO CLOSE A DAY OR TWO ABOVE  2ND AUGUST HIGHS OF 10138 SPOT &  10150 FUTURES , THERE IS EVERY POSSIBILITY OF ANOTHER DOWN LEG. SO, IT IS WISER TO BE CAUTIOUS  AND NOT TO GO LONG  BLINDLY  TILL NIFTY CLOSES ABOVE 101138 SPOT & 10150 FUTURES.

INSTEAD OF RISING TO BREACH AND CLOSE ABOVE 10138 SPOT, IN CASE NIFTY FALTERS AND SLIDES AGAIN THEN BE SURE  THERE IS SOME MORE DOWN SIDE IN NIFTY TO BREACH  4TH AUGUST LOWS OF 9988 SPOT AND 10018 FUTURES TO SLIDE TOWARDS THE LOGICAL FIBONACCI LEVELS MENTIONED ON 4TH AUGUST.  IN CASE IT FALLS TOWARDS THE FIBONACCI LEVELS OF 38.2% AT 9860, 50% AT 9782 AND 61.8% AT 9662 SPOT, THEN IT WILL BE A HEALTH CORRECTION BEFORE THE NEXT MEGA UP MOVE TOWARDS 12400 NIFTY LEVELS. BUT, INCASE NIFTY RESUMES ITS UP MOVE FROM WHERE IT LEFT ON FRIDAY TO SHOOT UP & BREACH 2ND AUGUST HIGHS OF 10138 SPOT & 10150 FUTURES TO CLOSE ABOVE IT, THEN ONE CAN BE REASONABLY SURE THAT THE CORRECTION IS OVER & THE MEGA BULL RUN HAS RESUMED..

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY 7TH AUGUST, ONE CAN GO LONG RIGHT FROM THE START OR IN CASE  FUTURE BREACHES FRIDAYS HIGHS OF 10124 TO STAY ABOVE 10125 TO 10130 FUTURE ZONE FOR HIGHER LEVELS OF 10150 TO 10160 OR HIGHER LEVELS. A FAILURE TO BREACH 10125 TO 10130 FUTURE ZONE WILL BE A SIGN OF WEAKNESS TO TRADE SHORT WITH STOP LOSS ABOVE THIS ZONE TO REVERSE AND GO LONG.

FAILING TO BREACH THE CRITICAL FUTURE ZONE OF 10125 TO 10130  & THEN SLIDING LOWER THEN ON THE LOWER SIDE NIFTY FUTURES TURNS WEAK BELOW 10088 TO TRADE MORE SHORTS FOR LOWER LEVELS OF 10070 BELOW WHICH ONE CAN EVEN EXPECT 10060 OR LOWER LEVELS.

USE EVERY DECLINE TO BUY TATASTEEL,IOC, BPCL, HPCL, RELIANCE, PETRONET, HUL, TITAN  FOR VERY GOOD GAINS IN THE SHORT TO MEDIUM TERM.

  MARKETS FOR  FRIDAY 04 AUG FULL EFFECT OF BEARISH ENGULFING AS MENTIONED BELOW IS YET TO COME, PERHAPS NEXT WEEK. LOOK FOR ANY RISE TO BRUTALLY SHORT NIFTY FUTURES AND BANK NIFTY FUTURES. HAVE STOP LOSS ABOVE 10100  FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS AND USE SMALL RISES OR PAUSES TO  TRADE SHORT. EVEN IF RISE DOES NOT COME THEN ALSO TRADE SHORT & WHEN RISE COMES AVERAGE THE SHORTS BY HAVING STOP LOSS ABOVE 10080 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS. HIGHLY MANIPULATED SGX NIFTY MAY BE KEPT UP OR MILD TO FOOL TRADERS, IF THAT HAPPENS, THEN USE RISE TO SHORT ONLY.

MOST LIKELY ALL THE FIBONACCI LEVELS FOR SPOT NIFTY WHICH ARE 38.2% AT 9860, 50% AT 9782 AND 61.8% AT 9662 SPOT LEVELS WILL BE TESTED BY NIFTY IN AUGUST ITSELF. SO DISPLAY YOUR SHORTING POWER TO MINT MONEY, BUT REMEMBER THE STOP LOSS FOR ALL SWING SHORTS IS ABOVE 10140 SPOT NIFTY ON A DAILY CLOSE TO QUIT SWING SHORTS AND GO LONG AGAIN.

USE PAUSE OR SLIDE IN RELIANCE TO BUY AS IT IS HIGHLY BULLISH THAT CAN PROVIDE GOOD SUPPORT TO NIFTY TO ARREST BIGGER FALLS

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  THURSDAY 03 AUG NIFTY FAILED TO CLOSE ABOVE THE CRITICAL 10115 SPOT & 10150 FUTURE LEVELS AND HAS CLOSED THE DAY IN THE FORM OF A DEADLY BEARISH ENGULFING CANDLE THAT SUGGESTS BIGGER FALLS. THE ONLY SAVING GRACE IS THAT THE BEARISH ENGULFING WAS WELL ORCHESTRATED BY OPERATORS DURING THE LAST HALF HOUR OF WEDNESDAY AND LIKE MANY EARLIER BEARISH ENGULFINGS, THE ONE FORMED ON WEDNESDAY 2ND AUGUST  MAY TURN OUT TO BE A WELL COORDINATED TRAP TO SHORT OUT THE BEARS AND NIFTY MAY MADE TO SHOOT UP TO SURPRISE  EVERYONE.

HOWEVER FOLLOWING THE PURE TECHNICALS, CLOSE THE EYES AND TRADE SHORT ON EVERY INTRADAY RISE TO SEE LOWER LEVELS BY HAVING STOP LOSS ABOVE BOTH  10138 SPOT  AND 10150 FUTURES ON A CLOSING BASIS TO REVERSE AND GO LONG. MOST LIKELY NIFTY HAS MADE A DOUBLE HEAD FORMATION  BY THE HIGHS OF BOTH TUESDAY AND WEDNESDAY AND CAN  CORRECT DOWN TOWARDS  38.2%  LEVELS OF 9860, 50% RETRACEMENT TILL 9782 SPOT OR EVEN 61.8% RETRACEMENT LEVEL OF  9662 SPOT.

(INTRADAY TRADING LEVELS WHICH ARE ENTIRELY DIFFERENT FROM ABOVE FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

 

MARKETS FOR  WED 02 AUG DAILY CHARTS OF NIFTY LOOK EXTREMELY BULLISH FOR MUCH MUCH HIGHER LEVELS & IN CASE IT AGAIN CLOSES ABOVE THE CRITICAL 10115 SPOT LEVELS ON 2ND AUGUST, THEN EXPECT MASSIVE SHORT COVERING TO PROPEL NIFTY TOWARDS THE NEXT CRITICAL LEVEL OF 10400 SPOT IN AUGUST ITSELF ALTHOUGH  GUT FEELING SUGGESTS A CORRECTION IN AUGUST.

ON THE RBI RATE ANNOUNCEMENT, JUST DO NOT BOTHER ABOUT IT. IT IS BASICALLY FOR THE FINANCIAL NEWS CHANNELS TO MAKE STORIES OUT OF IT TO EARN THEIR BREAD & BUTTER. SPOT NIFTY IS BULLISH IF AFTER RATE ANNOUNCEMENT CLOSES A 30 MINUTE CANDLE ABOVE 10130 SPOT & 10150 FUTURES. A FALL TO CLOSE BELOW 10060 SPOT OR 10100 FUTURES WILL MAKE NIFTY WEAK FOR FURTHER FALLS TO GO SHORT. SO, KEEP THESE TWO LEVELS IN MIND AND TAKE ACTION ACCORDINGLY. TIME AROUND THE RATE ANNOUNCEMENT IS LIKELY TO BE HIGHLY VOLATILE TO IMPART EXCELLENT TRAINING IN STOP LOSS CLEARANCE. SO, HAVE PATIENCE TO INITIATE MAJOR TRADES AFTER RATE ANNOUNCEMENT .

(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  TUESDAY 01 AUG NIFTY SPOT CLOSED AT 10077 STILL LOWER THAN THE CRITICAL 10115. SO,  TILL SUCH TIME 10115 SPOT IS NOT BREACHED ON A CLOSING BASIS, USE RISES TO SHORT & QUIT LONG POSITIONS. AS LONG AS NIFTY SPOT DOES NOT BREACH TO CLOSE BELOW 9944 , EVERY DECLINE TOWARDS 9950 SPOT IS A BUY WITH STOP LOSS A FEW POINTS BELOW 9944 SPOT TO REVERSE & TRADE SHORT.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, EXPECT MILD BEARISHNESS. A FALL BY NIFTY FUTURES BELOW 10080  & THEN BELOW 10066 WILL SEE SHORTS INCREASING TO SEE LOWER LEVELS OF 10050. A BREACH & STAY BELOW 10050 TO CLOSE A 30 MINUTE CANDLE BELOW 10050 CAN SEE MUCH BIGGER FALLS.

ON THE HIGHER SIDE, NIFTY FUTURES RISING TO STAY ABOVE 10122 WILL TRIGGER SHORT COVERING THAT MAY PROPEL FUTURES TOWARDS 10140 THEN 10150 OR HIGHER LEVELS. AFTER THE FALL A RISE TO BREACH AND STAY ABOVE 10095  IS A SIGN OF STRENGTH AND AFTER THE RISE A FALL TO STAY BELOW 10077 IS A SIGN OF WEAKNESS.

MOST LIKELY AUGUST MONTH SHOULD SEE A HEALTHY CORRECTION .

MARKETS FOR  MONDAY 31STJUL NIFTY TOOK  A PAUSE FOR TWO DAYS AFTER EXPIRY DAY HIGH OF 100115 SPOT AND MADE A LOW OF 9944 SPOT ON FRIDAY. EXPECT COMING WEEK ALSO TO BE FLAT AND CORRECTION MAY CONTINUE TOWARDS THE LOWER FIBONACCI LEVELS OF 38.2% AT 9860, 50% AT 9782 & 61.8 % LEVEL OF 9662 SPOT DURING THE MONTH OF AUGUST.

HOWEVER A RISE TO BREACH AND CLOSE ABOVE EXPIRY DAY HIGH OF 10015 SPOT WILL CERTAINLY SEE THE RESUMPTION OF MEGA BULL RUN. ON ANY DAY ANY SESSION IN CASE  SPOT NIFTY SLIDES BELOW FRIDAY 28TH JULY LOWS OF 9944  TO CLOSE A 30 MINUTE CANDLE BELOW IT THEN CLOSE THE EYES AND QUIT WHATEVER LONGS ONE HAS, TO REVERSE AND TRADE SHORT TO SEE SPOT NIFTY FALLING TOWARDS THE FIBONACCI LEVELS GIVEN ABOVE IN QUICK TIME.

TRADERS CAN LOOK FOR DECLINES TOWARDS 9944 SPOT TO BUY WITH STOP LOSS BELOW IT TO REVERSE FOR SHORTS. AND ON A FLAT OR MILD OPENING CAN TRADE LONG WITH STOP LOSS BELOW PREVIOUS DAYS LOWS OF 9944 SPOT. MARKETS ARE EXTREMELY BULLISH AND DON’T BE SURPRISED TO SEE THE MEGA BULL RUN RESUMING SUDDENLY TO TRAP THE BEARS OFF GUARD. SO, LOOK FOR DECLINES OR EVEN MILD PAUSES TO BUY TO BE ON THE RIGHT SIDE OF THE MARKETS AS LONG AS SPOT NIFTY DOES NOT CLOSE BELOW 28TH JULY LOWS OF 9944 .

 (INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  FRIDAY 28TH  JUL NIFTY IS READY FOR A CORRECTION, SO USE RISES TOWARDS PREVIOUS DAYS HIGHS TO TRADE SHORT. BULLISHNESS CAN RESUME ONCE THE HIGH OF EXPIRY DAY CANDLE AT 10115 SPOT IS BREACHED AND CLOSES ABOVE IT. TILL THIS HAPPENS, EVERY RISE TOWARDS IT IS A SELLING OPPORTUNITY.

THE CORRECTION MAY NOT BE BIG AS LONG AS  18TH JULY LOWS OF  9792 SPOT HOLDS WHICH IS AROUND THE 50% RETRACEMENT LEVEL COUNTED FROM 30 JUNE 2017 SWING LOW OF 9449 SPOT TILL 27TH JULY HIGHS OF 10115  WHICH EXACTLY COMES TILL 9782 SPOT.. ONLY A DECISIVE BREACH TO CLOSE BELOW 9792 CAN SEE BIGGER FALLS TOWARDS 61.8% RETRACEMENT LEVEL OF  9662 SPOT. THE MARKETS ARE SO BULLISH THAT NIFTY MAY NOT FALL TO THESE 50 OR 61.8 LEVELS AND CAN BOUNCE FROM 38.2%  LEVELS OF 9860.

REMEMBER, INTRADAY TRADING IS ALTOGETHER A DIFFERENT BALL GAME AND HAS NOTHING TO DO WITH THE ABOVE LEVELS. YOU MAY GET EXCELLENT BUYING OPPORTUNITIES FOR INTRADAY TRADING IN A FALLING MARKET AND A GREAT SHORTING OPPORTUNITY IN A ROARING BULL MARKET. FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, OTHER THAN A GAP UP, IN CASE NIFTY FUTURES MOVES UP AND TRADES ABOVE 10088 THEN IT WILL TRIGGER SHORT COVERING  TOWARDS HIGHER FUTURE LEVELS OF 10115. A CLOSURE OF A 30 MINUTE CANDLE 10115 CAN SEE A ROCKET TYPE UP MOVE TOWARDS 10140 OR EVEN  THURSDAYS HIGHS OF 10150.

 ON THE LOWER SIDE, A FAILURE TO RISE AND STAY ABOVE 10088 IS A GOOD SHORTING OPPORTUNITY  WITH A STOP LOSS A FEW POINTS ABOVE 10088 TO REVERSE AND GO LONG. NIFTY FUTURES BREACHING & STAYING BELOW 10070 IS A SIGN OF WEAKNESS WHICH MAY BE SEEN RIGHT FROM THE START OF FRIDAY. A SLIDE TO BREACH AND STAY BELOW 10044 CAN BE USED TO ADD MORE SHORTS FOR LOWER LEVELS TOWARDS 10020 TO 10015 OR LOWER LEVELS TOWARDS 10000.

MARKETS FOR  WED 26TH  JUL NIFTY FINALLY TESTED 10000 LEVELS BUT THE WAY IT WAS STAGE MANAGED TO SAVE THE FACES OF SOME VISITORS TO NSE FOR THE OCCASION & THE WELL ORCHESTRATED DRAMA-BAJI IS A CLEAR INDICATION THAT NIFTY IS IN FOR A  CORRECTION SHORTLY UNLESS NIFTY STAYS ABOVE 10000 FOR A COUPLE OF DAYS IN EARLY AUGUST OTHERWISE BE PREPARED FOR A HEALTHY CORRECTION IN THE MARKETS SHORTLY. HOWEVER THE OVERALL MEGA BULLISHNESS CONTINUES TO REMAIN WITH THE MARKETS TOWARDS THE NEXT HIGHER TARGETS OF 12000 + LEVELS BY 2018 BUDGET OR DURING THE FIRST HALF OF 2018..

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, FUTURES BREACHING AND MORE IMPORTANTLY STAYING ABOVE TUESDAY’S HIGHS OF 9994 FUTURES IS A SIGN OF STRENGTH FOR HIGHER LEVELS OF 10010 TO 10020 OR EVEN HIGHER LEVELS. HOWEVER A FAILURE TO BREACH AND STAY ABOVE TUESDAY’S HIGHS OF 9994 FUTURES CAN BE USED TO BOLDLY TRADE SHORT WITH STOP LOSS ABOVE 9999 TO REVERSE AND TRADE LONG FOR QUICK INTRADAY GAINS.

MORE SHORTS BE TRADED  IN CASE NIFTY FUTURES SLIDES BELOW 9970  TO SEE NIFTY FUTURES SLIDING TOWARDS TUESDAYS LOWS OF 9955 TO 9950. HARD CORE BULLS CAN INITIATE INTRADAY LONG TRADES NEAR 9955 WITH STOP LOSS BELOW TUESDAYS LOWS OF 9950 TO REVERSE FOR SHORTS A FEW POINTS BELOW 9950. A SLIDE TO STAY BELOW TUESDAY’S LOWS OF 9951 CAN SEE BIGGER SLIDES TOWARDS 9930 TO 9920 LEVELS FOR MEGA INTRADAY BUYING ACTION AGAIN.

MARKETS FOR  TUESDAY 25TH  JUL BUY AND BUY ONLY BUT AFTER A DECLINE . AFTER TWO DAYS OF RISE NIFTY MAY BE PULLED DOWN A BIT , SO USE THE PULL DOWN TO BUY FUTURES . HAVE 9939 FUTURES AS A DATUM POINT TO BUY ALL DECLINES TOWARDS IT  WITH STOP LOSS   BELOW 9933 TO REVERSE AND TRADE SHORT  FOR GOOD INTRADAY GAINS. JULY ITSELF MAY SEE 10000 TO 10033 NIFTY LEVELS  SO A FALL TOWARDS 9939 OR 9900 IS A MEGA BUYING OPPORTUNITY. ON THE HIGHER SIDE A RISE TO STAY ABOVE THE FUTURE ZONE OF 9980 TO 9985 IS AGAIN A SIGN OF STRENGTH FOR INTRADAY BUYS TO MAKE GOOD INTRADAY GAINS.

(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

 MARKETS FOR  MONDAY 24TH  JUL ON FRIDAY, NIFTY  MADE A LOWER LOW OF  9838 SPOT BELOW THURSDAY’S LOWS OF 9863 SPOT TO BOUNCE FROM 1 PM TO MAKE A DAY HIGH OF 9924 SPOT ABOVE THURSDAY’S HIGH OF 9922 SPOT & CLOSED HIGHER AT  9915 SPOT  IN THE FORM OF A GREEN HAMMER, MUCH HIGHER THAN  THURSDAY’S CLOSING OF 9863 SPOT. TECHNICALLY THIS IS A HIGHLY BULLISH SIGNAL FOR MUCH HIGHER LEVELS DURING THE COMING WEEK. FROM 17TH JULY HIGHS OF 9928 SPOT, NIFTY IS IN A 4TH SUB SUB WAVE FLAT FORMATION AND DON’T BE SURPRISED TO SEE A SUDDEN BREAKOUT OF THE FLAT  OR ABOVE 17TH JULY HIGH OF 9929 SPOT OR 9944 FUTURES FOR MUCH HIGHER LEVELS SHORTLY IF ONE IS TO GO BY TECHNICALS ONLY.

 REMEMBER ONE THING, THE MANIPULATORS USE TECHNICAL INDICATIONS & GENERAL MARKET CONSENSUS TO TRADE BIG IN THE OPPOSITE WAY  TO TRAP NOVICE & INNOCENT TRADERS WHO FOLLOW TECHNICAL INDICATIONS OR THE GENERAL CONSENSUS. SO IT IS BETTER FOR THESE NOVICE, INNOCENT & LOW CAPITAL TRADERS TO INITIATE FRESH INTRADAY TRADES ONLY DURING THE SECOND HALF OF THE DAY OR AFTER 1 PM TO AVOID GETTING TRAPPED OR HAVE SUFFICIENT AMOUNT OF SPARE CAPITAL  TO AVERAGE OUT THE INITIAL EARLY INTRADAY TRADES AT LEAST TWICE SHOULD THE  OPENING TRADE GOES AGAINST. THESE TYPES OF INNOCENT  TRADERS SHOULD NEVER CARRY POSITIONS HOWEVER ATTRACTIVE THE TECHNICAL INDICATORS LOOK JUST BEFORE OR AROUND THE DAY END OR AT LEAST ASK THE ANALYST GUIDES BEFORE DECIDING ON CARRY OVER OF POSITIONS.

 (INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  FRIDAY 21ST JUL THE PATTERN OF TRADING BOTH ON  WEDNESDAY AND THURSDAY SUGGEST THAT TILL SUCH TIME NIFTY SPOT DOES NOT RISE TO CLOSE ABOVE OUR IMPORTANT LEVEL OF 9929 SPOT , EVERY RISE ABOVE 9900 IS A SHORTING OPPORTUNITY. TRADERS HOLDING LONGS ,IF CAN NOT QUIT OR SHORT FUTURES , THEN AT LEAST DOUBLE SHORT 10000 AND 9950 CALLS ON EVERY INTRADAY RISE OF NIFTY TO POCKET THE ENTIRE PREMIUM ON THESE CALLS BY HOLDING ON TO THE LONG POSITIONS FROM 9900 LEVELS.

FOR INTRADAY TRADING OF FUTURES ON FRIDAY, IN SPITE OF EXCELLENT RESULTS BY RELIANCE, BE ABSOLUTELY SURE SGX NIFTY  MANIPULATORS WILL KEEP NIFTY SUBDUED OR FLAT . A SLIDE OF NIFTY FUTURES TOWARDS OR BELOW THURSDAY & WEDNESDAY DOUBLE BOTTOM LOWS OF 9866 FUTURES CAN BE USED TO BUY NIFTY FUTURES WITH STOP LOSS A FEW POINTS BELOW IT TO REVERSE & BRUTALLY SHORT NIFTY FUTURES.

AFTER SGX NIFTY MANIPULATORS’ INFLICTED FALL OR FLAT CONDITION, IF FUTURE RISES AND STAYS ABOVE 9909 THEN IT TURNS BULLISH FOR HIGHER LEVELS TOWARDS THURSDAYS HIGHS OF 9929 OR 9939 LEVELS.  A FAULTY OR DECEPTIVE GAP UP TOWARDS THESE LEVELS CAN BE USED TO TRADE INTRADAY SHORTS WITH A TIGHT STOP AND REVERSE FOR  QUICK GAINS. REMEMBER INDIAN MARKETS ARE HIGHLY MANIPULATED  BY FOREIGN MANIPULATORS AND WILL NOT BE ALLOWED TO RISE SO EASILY. BEST THING IN THIS OPERATOR INFECTED MARKET IS TO WRITE  HIGHER CALLS & LOWER PUTS TO POCKET THE PREMIUM ON THESE.

 MARKETS FOR  THURSDAY 20THJUL NIFTY AFTER THE ONE OFF DAY OF FALL ON TUESDAY, THAT WAS MOSTLY TRIGGERED SINGLE HANDEDLY BY ITC WHICH LOST  12% ON TUESDAY, WENT UP ON WEDNESDAY TO NOT ONLY BREACH TUESDAY’S DOJI HIGH OF 9885 SPOT BUT ALSO CLOSED ABOVE IT AT 9900 SPOT LEVELS. NIFTY FUTURES TOO DID THE SAME THING SUGGESTING THAT PERHAPS TUESDAY’S FALL WAS THE ONE OFF DAY OF FALL. HOWEVER THE RISE OF WEDNESDAY WAS WITH LOWER VOLUME COMPARED TO THE FALLING DAY VOLUME OF TUESDAY SUGGESTING IF FOLLOW UP BUYING DOES NOT COME ON THURSDAY  NIFTY CAN FALL AGAIN.

TILL SUCH TIME NIFTY DOES NOT RISE TO BREACH AND CLOSE ABOVE MONDAY 17TH JULY HIGH OF 9929 SPOT AND 9943 FUTURES( WHICH WITHOUT ANY  DOUBT WILL HAPPEN SHORTLY) ONE CAN NOT BE SURE OF THE RISE OF WEDNESDAY. SO, SHORT TERM PLAYERS CAN HOLD LONGS INITIATED ON WEDNESDAY AND WITH IT SHORT HIGHER CALLS OF 10000 AND 9950 ON INTRADAY RISE OF NIFTY IN ORDER TO POCKET THE PREMIUM ON THESE CALLS BY HOLDING ON TO LONG FUTURES.

FOR INTRADAY TRADING OF NIFTY FUTURES  ON THURSDAY, EXPECT SGX NIFTY TO BE KEPT SUBDUED TO IMPART A NEGATIVE SENTIMENT ON INDIAN MARKETS. AS LONG AS NIFTY FUTURES STAYS ABOVE 9900 IT CONTINUES TO REMAIN BULLISH FOR HIGHER LEVELS TOWARDS  MONDAY’S HIGHS OF 9942. STAYING ABOVE 9944 CAN TRIGGER MASSIVE SHORT COVERING TOWARDS 9955 TO 9966 OR EVEN 9975 OR HIGHER LEVELS.

A FAILURE TO BREACH  AND STAY ABOVE MONDAY’S HIGH OF 9944 WILL INVITE BEARS TO BRUTALLY SHORT NIFTY FUTURES WITH STOP LOSS A FEW POINTS ABOVE 9944. A FAILURE TO STAY ABOVE BULLS BUYING POINT OF 9900 AND SLIDE BELOW 9895 AND STAYING BELOW IT CAN SEE BIGGER FALLS TOWARDS WEDNESDAY’S LOWS OF 9866 FUTURE LEVELS  FOR MEGA BUYING BY THE BULLS AGAIN. USE DECLINES TO QUIETLY ACCUMULATE RELIANCE INDUSTRIES EXPECTING EXCELLENT RESULTS ON LATE THURSDAY FAILING WHICH ONE CAN SEE BIGGER FALLS IN NIFTY FROM FRIDAY.

MARKETS FOR  WED 19THJUL NIFTY BREACHED THE CRITICAL LEVEL OF 9906 FUTURES AT THE OPEN ONLY THAT PROMPTED ALL BIG TRADERS TO QUIT THEIR LONGS AND TRADE  SHORTS FOR GREAT GAINS. NOW, NIFTY SPOT HAS BREACHED 9857 TO 9850 SPOT ZONE AND CLOSED THE DAY BELOW IT AT 9829 THAT PROMPTED SWING HOLDERS ALSO TO QUIT LONGS AND  TAKE SHORT POSITIONS FOR NEXT FEW DAYS.

 NOW TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO BREACH AND CLOSE ABOVE TUESDAY’S DOJI HIGH OF 9885 SPOT AND 9905 FUTURES , EVERY INTRADAY RISE TOWARDS THESE LEVELS ARE EXCELLENT SHORTING OPPORTUNITIES. THE VOLUME OF FALL IN NIFTY FUTURES WAS MUCH HIGHER THAN THE VOLUME OF LAST 10 DAYS SUGGESTING SOME MORE DAYS OF FALL OR PAUSE BEFORE THE MEGA BULL RUN RESUMES.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, NIFTY FUTURE NEEDS TO RISE AND STAY ABOVE 9875 TO TRIGGER SHORT COVERING THAT MAY PROPEL FUTURES TOWARDS TUESDAY’S OPENING HIGHS OF 9900 TO 9905 FUTURE LEVELS.  ON THE LOWER SIDE EXPECT GOOD BUYING TO COME SHOULD NIFTY FUTURE FALL TOWARDS  TUESDAY’S LOWS OF 9830 TO 9825 FUTURES, A BREACH & STAY BELOW WHICH CAN SEE MORE SHORTING INTEREST TOWARDS LOWER LEVELS OF 9800 TO 9797 FUTURE LEVELS FOR THE BOUNCE AGAIN.

THE CANDLE OF TUESDAY IS A DOJI CANDLE FOR SPOT NIFTY WHOSE HIGHS AND LOWS OF 9885 & 9792 SPOT WILL PLAY A MAJOR ROLE. ON ANY DAY  IF NIFTY SPOT CLOSES ABOVE 9885 OR BELOW 9792 THEN IT WILL SEE BIGGER MOVES IN THE DIRECTION OF BREACH AND CLOSE.IN ANY CASE SHORT POSITIONS INITIATED ON TUESDAY CAN BE HELD AS LONG AS TUESDAY’S HIGHS ARE NOT BREACHED ON A CLOSING BASIS. 

MARKETS FOR  TUESDAY 18THJUL THE MEGA BULL RUN CONTINUES & WILL CONTINUE, SO LOOK FOR PAUSES OR DECLINES TOWARDS 9915 TO 9900 SPOT NIFTY LEVELS TO BUY AND ADD MORE ON EVERY DECLINE TOWARDS 9858 SPOT FOR IMMEDIATE TARGETS OF 10111 SPOT NIFTY LEVELS IN NEXT FEW DAYS, WITH STOP LOSS BELOW 9858 TO 9850 SPOT ON A DAILY CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT.

INTRADAY TRADERS, USE EVERY SMALL DECLINE IN NIFTY FUTURES & BNF TO BOLDLY BUY FOR GOOD INTRADAY GAINS. ONLY A BREACH AND MORE IMPORTANTLY CLOSURE OF A 30 MINUTE CANDLE BELOW 9910 OR BELOW MONDAY’S LOWS OF 9906 FUTURES CAN BE USED TO QUIT LONGS AND TRADE SHORT. OTHERWISE BUY  AND ONLY BUY SHOULD BE THE MOTTO IN NIFTY AND BNF.

MARKETS FOR  MONDAY 17THJUL

THE MEGA BULL RUN CONTINUES & WILL CONTINUE IN SPITE OF MANY IN THE FINANCIAL CHANNELS TRYING TO THROW WET BLANKET OVER THE BULL RUN. USE SUCH ADVERSE COMMENTS AS GOD SENT OPPORTUNITIES TO BUY & BUY ONLY FOR GREAT MEDIUM TO LONG TERM GAINS.  PLEASE KEEP IN MIND THAT INTRADAY TRADING IS ALTOGETHER  A DIFFERENT BALL GAME AND HAS NOTHING TO DO WITH THE MEGA BULLISH LONG TERM OR SWING TRADES.

SWING TRADERS HOLDING LONGS AND ADDING LONGS ON EVERY INTRADAY DECLINES CAN HAVE STOP LOSS BROUGHT UP FROM  11TH JULY LOW OF 9779 SPOT TO  14TH JULY HAMMER LOW OF 9845 SPOT ON A DAILY CLOSING BASIS TO BOOK PROFIT ON LONGS AND TRADE SHORT THERE AFTER. HOWEVER AS LONG AS NIFTY SPOT DOES NOT CLOSE A DAILY CANDLE BELOW 14TH JULY HAMMER LOWS OF 9845 SPOT, EVERY DECLINE IN NIFTY IS SHOULD BE USED TO ADD LONGS TO ALREADY HELD OLD LONG POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, AFTER THE GAP OPENING ONE CAN LOOK FOR DECLINES TO TRADE LONG OR TRADE SHORT ON THE GAP UP OPEN FOR QUICK INTRADAY GAINS. NIFTY FUTURES AS LONG AS DOES NOT FALL AND STAY BELOW 9880, IT IS BULLISH AND A SLIDE TO STAY BELOW 9880 WILL HELP  INTRADAY SHORTERS.

INTRADAY BUYERS CAN WAIT FOR SOME INITIAL DECLINES TO BUY BY HAVING STOP LOSS BELOW 9880 FUTURES  TO REVERSE AND TRADE SHORT, ADD MORE SHORTS BELOW 9870 FUTURES. NIFTY FUTURES HAS 9857 AND 9858 AS LOWS ON THURSDAY AND FRIDAY LAST WEEK. SO DOCILE TRADERS ITCHING TO TRADE LONG CAN GO LONG IF NIFTY FUTURE APPROACHES 9858 WITH TIGHT STOP LOSS BELOW 9850 FUTURES ON A 15 MINUTE CANDLE CLOSING BASIS. THE MARKETS ARE SUCH THAT IT FAVORS LONG TRADES ON EVERY DECLINE.

LOOK FOR STOCK FUTURES WHICH HAVE NOT GONE UP DURING LAST WEEK WHEN MOST OF THE MARKET WAS GOING UP. HIGHLY OPERATOR DRIVEN PETRONET LNG,TATA MOTORS , TATASTEEL, ITC, HDFC BANK, ICICI BANK CAN ACCUMULATED BUT ONLY ON OPERATOR DRIVEN DECLINES. THESE PULLED DOWN STOCKS TOWARDS LATER HALF OF LAST WEEK HAVE THE HIGHEST POTENTIAL TO RISE DURING THE COMING WEEKS. SO WAIT FOR DECLINES IN THESE TO QUIETLY ACCUMULATE TO GIVE COMPANY TO THE KING RELIANCE WHICH AIMS FOR 1800 OR HIGHER LEVELS IN NEXT FEW MONTHS OF THIS YEAR FOR SURE.

MARKETS FOR  FRIDAY 14THJUL NIFTY MOVED UP AND MADE A HIGH OF 9897 SPOT AND STILL LOOKING HIGHLY BULLISH, SUGGESTING TRADERS TO WAIT FOR SOME DECLINES TO BOLDLY BUY. POOR RESULTS OF TECH STOCKS ARE AS PER EXPECTATIONS AND ANY FALL IN NIFTY DUE TO TECH DEBACLE MUST BE USED TO BOLDLY BUY. WHEN TECH STOCKS PULL THE MARKETS DOWN OTHER HEAVY WEIGHTS LIKE ITC, RELIANCE , HDFC BANK , L&T ETC WILL PULL THE MARKETS UP.

LOOK FOR GAP DOWNS TO BUY  ONLY. TO SEE 10000 NIFTY LEVELS VERY SHORTLY. 11TH JULY INVERTED HAMMER LOWS OF 9779 SPOT, MAKING INSIDE CANDLE SETUP WITH 12TH JULY NR CANDLE CAN BE KEPT AS STOP LOSS ON A DAILY CLOSING BASIS FOR ALL SWING LONGS AND EVERY DECLINE TOWARDS 9800 BE BOLDLY BOUGHT. (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  THURSDAY 13THJUL NIFTY AFTER THE BREAKOUT MOVE OF MONDAY, TOOK  TWO DAYS OF PAUSE AND RESUMED  MEGA BULLISH MOVE ON WEDNESDAY. EVERY PAUSE  OR EVEN INTRADAY DECLINE IS TO BE BOLDLY BOUGHT INTO TO TAKE FULL ADVANTAGE OF THIS MEGA BULL RUN. NIFTY IS HEADING FOR 10000 LEVELS DURING NEXT FEW DAYS AND IF THE MEGA BULL RUN CONTINUES, THEN DON’T BE SURPRISED TO SEE OUR TARGET OF 12400 NIFTY LEVELS DURING EARLY PART OF COMING YEAR. BOTH THURSDAY AND FRIDAY ARE GOING TO BE BULLISH DAYS SO SWING LONG HOLDERS USE EVERY DECLINE TO BUY AND HOLD. (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  WED 12THJUL AS EXPECTED, NIFTY AFTER THE BREAKOUT MOVE OF MONDAY, TOOK A DAY OF PAUSE AND EXPECT ANOTHER DAY OR TWO OF PAUSE TO INDUCE ANOTHER FEELING OF CONTRACTION OR EXPANSION ON THE DOWN SIDE. DON’T BE SURPRISED TO FIND PEOPLE AGAIN TALKING OF 9000 LEVELS AS THEY WERE MENTIONING LAST WEEK TO QUIETLY SHIFT TOWARDS BULLISHNESS & NOW AGAIN SHIFTING TOWARDS BEARISHNESS. USE THIS PAUSE OR SLIDE TOWARDS  EARLIER LIFETIME HIGHS OF 9709 SPOT TO BOLDLY BUY  AND BUY ONLY WITHOUT FAIL.

SWING BUY POSITION HOLDERS HAVE STOP LOSS BELOW 4TH JUL LOWS OF 9595 SPOT ON A CLOSING BASIS AND ADD EVERY DECLINE OF 50 TO 100 POINTS IN NIFTY IF AT ALL IT HAPPENS TO SEE 10000 OR NEAR LEVELS IN NIFTY SHORTLY. HOWEVER INTRADAY DAY TRADERS CAN USE THE INTRADAY DAY SWINGS TO TRADE BOTH WAYS FOR INTRADAY GAINS. THE BIAS SHOULD BE ON THE UP SIDE MEANING WAITING FOR DECLINES OR PAUSE OR ON FINDING A REVERSAL CANDLE TO TRADE ON THE LONG SIDE WILL GENERATE BETTER INTRADAY RESULTS.

FOR WEDNESDAY’S INTRADAY TRADING PURPOSE, EXPECT SGX MANIPULATORS TO KEEP NIFTY SUPPRESSED BEFORE THE START. AS LONG AS NIFTY FUTURE STAYS ABOVE 9779 TO 9774, EVERY INTRADAY DECLINE TOWARDS THIS ZONE IS A BUY. A CLOSURE OF A 30 MINUTE CANDLE BELOW CRITICAL SUPPORT OF 9770 FUTURES WILL BE A SIGN OF INTRADAY WEAKNESS TO TRADE MORE SHORTS TOWARDS LOWER LEVELS OF  9750 TO 9740 FOR BUYING ACTION AGAIN. 

AFTER A SLIDE , IN CASE NIFTY FUTURES RISES TO STAY ABOVE 9808 TO 9812 ZONE THEN IT IS A BULLISH INDICATION FOR HIGHER INTRADAY TARGETS OF TUESDAY’S HIGHS OF 9829 OR HIGHER LEVELS TOWARDS 9840 TO 9850 FUTURE LEVELS. INITIAL RISE TOWARDS 9808 TO 9812 FUTURE ZONE BUT FAILING TO STAY ABOVE THIS ZONE WILL BE A SIGN OF WEAKNESS TO TRADE SHORT WITH STOP LOSS ABOVE THIS 9808 TO 9812 FUTURE ZONE TO REVERSE AND GO LONG. 

 

MARKETS FOR TUESDAY11THJUL NIFTY BROKE OUT OF THE EARLIER LIFE TIME HIGH OF 9709 SPOT AND WENT UP AS HIGH AS 9782 TO FINALLY CLOSE AT 97764 MUCH HIGHER THAN THE RESISTANCE OF 9709 SPOT. ALL THOSE WHO QUITTED SHORTS AND WENT LONG ABOVE 9709 SPOT HOLD THE LONG POSITIONS BOLDLY AND ADD FRESH LONGS ON EVERY DECLINE TOWARDS EARLIER HIGHS OF 9709 SPOT. 6TH JULY LOWS OF 9639 SPOT CAN BE USED AS STOP LOSS ON A DAILY CANDLE CLOSING BASIS FOR ALL SWING LONGS. SUPPORTS FOR SPOT NIFTY ARE NOW AT 6TH JULY LOWS OF 9639 A CLOSE BELOW WHICH CAN FIND MUCH BIGGER SUPPORT AT 4TH JULY LOWS OF 9595 SPOT ON A CLOSING BASIS, BELOW WHICH ONLY ONE CAN QUIT LONGS AND TRADE SHORT AGAIN.

 THE CUP HANDLE FORMATION MADE BY THE HIGHS OF  6TH JUNE AT 9709, 22ND JUNE HIGHS OF 9698 AND 6TH JULY HIGHS OF 9700 WITH THE BOTTOM OF THE CUP AT 30 JUNE LOWS OF 9448 CAN EASILY SEE HIGHER LEVEL OF 9950 SPOT LEVELS IN QUICK TIME. SO FORGET THE TECHNICAL HITCH OF MONDAY AND FOCUS ONLY ON MINOR INTRADAY DECLINES TO ADD LONGS FOR IMMEDIATE LEVEL OF 9950 TO 10,000 NIFTY IN JULY ITSELF. JUST DON’T BOTHER FOR THE LOW VOLUME OF MONDAY, LEVELS ARE LEVELS. AT THE WORST CASE ONE CAN EXPECT A DAY OR TWO OF FLAT OR MILDLY CORRECTIVE DAYS BEFORE ANOTHER MEGA BREAKOUT MAY BE WITH LOW VOLUME ALSO. SWITCH OF THE TV & FOCUS ON YOUR TRADING THE MOMENT YOU HEAR THE TERM ‘TECHNICAL HITCH’ FROM THE TV ANCHORS OF FINANCIAL CHANNELS DURING TRADING HOURS.

USE 2/3 DAYS OF PAUSE OR EVERY DECLINES IN RELIANCE, ITC, TATA STEEL, TATA MOTORS, PETRONET, INFRATEL, TCS ,ALL AUTO & ITS  ANCILLARY STOCKS FOR GREAT GAINS IN THIS MEGA BULL MARKET .

MARKETS FOR FRIDAY 7THJUL NIFTY REACHED OUR TARGET OF 9700. ALL THOSE WHO BOOKED PROFIT IN NIFTY FUTURE SWING LONGS AT 9700  HAVE SOME REST AS NIFTY WILL BE PULLED DOWN BY A CERTAIN AMOUNT BEFORE IT RESUMES THE MEGA BULL RUN. SO FOR FRIDAY, LOOK FOR RISE TO TRADE SHORT IN NIFTY & BNF WITH STOP LOSS ABOVE 9707 FUTURES. A SLIDE TO STAY BELOW 9650 FUTURES CAN BE USED TO ADD MORE SHORTS. A DAILY CLOSE BELOW THURSDAY 6TH JULY LOW OF 9640 SPOT & FUTURE IS A GOOD SIGNAL TO ADD MORE SHORTS.

 OUR VERY SHORT TERM BEARISH VIEW IS BASED ON THE FACT THAT NIFTY  HAVING RISEN FROM LAST FRIDAY’S HAMMER LOWS OF  9450 SPOT AND FUTURE LEVELS HAVE MOVED UP BY 250 POINTS TILL 9700 SO BE SURE THE MANIPULATORS WILL PLAY MERRY HELL WITH NIFTY TO PULL IT DOWN ON THIS FRIDAY 7TH JULY . SO, SWING SHORTERS HOLD SHORTS  WITH STOP LOSS ABOVE YOUR SHORT PRICE OR ABOVE 9700 OR ABOVE THURSDAY 6TH JULY HIGHS ON TWO HOURLY CANDLE CLOSING PRICE IF NOT A DAILY CANDLE CLOSING PRICE TO REVERSE AND GO LONG AGAIN.

REMEMBER ANY DAY SPOT NIFTY RISES TO CLOSE A FEW POINTS ABOVE 6TH JUNE HIGH OF 9709 SPOT, IT BECOMES A ROCKET. HENCE SHORTERS KEEP THIS LEVEL IN MIND. ITC CAN BE HELD OR BOUGHT ON DECLINES BUT RELIANCE CAN BE DUMPED ON RISE. SIMILARLY TATA MOTORS , PETRONET CAN BE HELD OR BOUGHT ON DECLINES AND TATA STEEL MAY BE DUMPED ON INTRADAY RISE. THIS IS FOR A DAY OR TWO OF TRADING ONLY AS BULLISHNESS WILL RESUME FROM TUESDAY OR WEDNESDAY NEXT WEEK .

(INTRADAY TRADING WHICH IS A DIFFERENT BALL GAME ALTOGETHER, THESE LEVELS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY 6THJUL NIFTY LOOKS EXTREMELY BULLISH. LOOK FOR A MINOR DECLINE TOWARDS 9630 FUTURES TO BUY. IF IT IS PULLED DOWN FURTHER THEN  GRADUALLY ADD MORE TOWARDS 9606 TO 9600 FUTURE LEVELS. IN CASE NIFTY FUTURES DO NOT FALL TO COME TOWARDS THESE LEVELS THEN ALSO BUY AND DOUBLE YOUR BUYS IN CASE THE FUTURE IS PULLED DOWN TOWARDS  ABOVE TWO LEVELS.

IN CASE NIFTY FUTURE IF PULLED DOWN, AND  THEN AFTER THE FALL IT RISES ABOVE 9641, THEN IT TURNS BULLISH AND MORE BULLISH IF STAYS ABOVE 9666 FUTURE LEVELS TOWARDS 9686 TO 9696 OR EVEN HIGHER FUTURE LEVELS. DON’T GET BOGGED DOWN WITH TERMS LIKE RANGE EXPANSION, RANGE CONTRACTION, CHOPPY MARKET ETC.  JUST LOOK FOR DECLINES & BUY BOLDLY. THIS INCLUDES BNF ALSO, DON’T BE SCARED OF ITS WEEKLY EXPIRY ETC. AS LONG AS BNF STAYS ABOVE 23313 TO 23300 IT IS BULLISH AND TURNS MORE BULLISH ON STAYING ABOVE 23477 TO 23488 TO EYE FOR 23577 TO 23588 LEVELS.

RELIANCE MAY TAKE A WELL DESERVED REST SIMILAR TO ITC WHICH HAS BEEN RESTING FOR TWO DAYS. LOOK FOR DECLINES ( YES DECLINES )TO BOLDLY BUY TATA STEEL, TATA MOTOR, TITAN, INFRATEL, REL CAPITAL & PETRONET FUTURES FOR GOOD GAINS. AFTER THE HYBERNATION PERIOD IS OVER IN ITC BOLDLY ADD  EITHER FROM MONDAY OR TUESDAY AGAIN. WHEN ITC RISES RIL WILL SLEEP & VICE VERSA.

MARKETS FOR   WED 5THJUL NIFTY TOOK A PAUSE ON TUESDAY AFTER THE MEGA BULLISH SETUP CANDLES OF FRIDAY & MONDAY. LOOK FOR DECLINES TO BUY BOLDLY. A DECLINE TOWARDS 9595 SPOT IS A GOOD INDICATION TO BOLDLY ADD ON TOM THE LONG POSITIONS TO SEE MUCH HIGHER LEVELS ABOVE LIFE TIME HIGHS OF 9709 SPOT POSSIBLY DURING THIS WEEK ITSELF.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, A FALL TOWARDS TUESDAY’S LOWS OF 9595 IS A GOOD BUY AND IN CASE IT FALLS FURTHER THEN BOLDLY ADD POSITIONS NEARER TO 9575 FUTURES. ON THE HIGHER SIDE A BREACH AND STAY ABOVE TUESDAY’S HIGHS OF 9643 IS ALSO A GOOD BUYING INDICATION TOWARDS HIGHER LEVEL TARGETS OF 9666 OR MUCH HIGHER LEVELS. LOOK FOR DECLINES IN RELIANCE, ITC, TATASTEEL AND TATA MOTORS TO BOLDLY ADD TO THE LONG POSITIONS. USE EVERY DECLINE TO BUY ONLY

MARKETS FOR    TUESDAY 4TH  JUL NIFTY CLOSED THE DAY AT 9616 SPOT &  9628 FUTURES MUCH HIGHER THAN THE HIGHS OF ITS TWO PREVIOUS DAYS. WHAT IS MORE INTERESTING IS THAT IN JUST ONE DAY MONSTROUS  GREEN CANDLE OF MONDAY, SPOT NIFTY HAS CLOSED ABOVE THE HIGHS OF ITS ENTIRE PREVIOUS WEEK OF FOUR DAYS. TECHNICALLY THIS IS A MEGA BULLISH SIGNAL THAT SHOULD SEE NEW LIFE TIME HIGHS ABOVE  6TH JUNE HIGHS OF 9709 SPOT.

HOWEVER ONE THING TO BE KEPT IN MIND THAT,  THIS TYPE OF BIG RISE  IS MOSTLY GENERATED BY MANIPULATORS TO INDUCE A BULLISH FEELING AND THESE SWINDLERS SHORT AT THE DAY END TO PULL SGX NIFTY DOWN THE NEXT DAY SO THAT THESE MANIPULATORS CAN BOOK PROFIT ON THEIR OVERNIGHT SHORTS OR THEY MAY OPEN WITH A BIG GAP UP AND BRUTALLY SHORT AGAIN THE OPENING GAP HIGH SO THAT THE GAP HIGH IS NEVER BREACHED AGAIN ON AN INTRADAY CANDLE CLOSING BASIS. SO, ALTHOUGH TECHNICALS GIVE STRONG BULLISH SIGNALS AS PER THE CANDLE SETUP OF FRIDAY & MONDAY,  YET IT MAY BE A PERFECT TRAP LAID BY MANIPULATORS TO TRAP THE BULLS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, AS LONG AS NIFTY FUTURES STAYS ABOVE 9606 TO 9600 ZONE IT WILL CONTINUE TO REMAIN STRONG. A RISE AND MORE IMPORTANTLY STAY ABOVE 9646 TO 9650 IS A SIGN OF STRENGTH TOWARDS HIGHER LEVELS OF 9675 OR EVEN HIGHER LEVELS TOWARDS 9696 TO 9700

. A FAILURE TO STAY ABOVE 9646 FUTURES WILL BE A SIGN OF WEAKNESS AND A FURTHER FALL TOWARDS  9610 TO 9600 CAN INITIALLY INVITE BIG BUYING WITH STOP LOSS BELOW THIS ZONE TO REVERSE FOR SHORTS THAT CAN SEE NIFTY FUTURES SLIDING FURTHER DOWN TOWARDS 9580 TO 9570 LEVELS TO ATTRACT MEGA BUYING AGAIN. HOWEVER A SLIDE TO STAY BELOW 9569 FUTURES CAN SEE A SHARP DECLINE TOWARDS 9550 TO 9545 NEARER TO MONDAYS LOW OF 9538. UNDERSTAND THE OPERATORS’ GAME PLAN & TRADE ACCORDINGLY TO MAKE GOOD MONEY IN TRADING.

MARKETS FOR    MONDAY 3RD JUL NIFTY SPOT HAD A MONTHLY CLOSE AT 9521 COMPARED TO MAY MONTH CLOSING OF 9621. THIS IS THE FIRST TIME SPOT NIFTY HAS CLOSED NEGATIVE AFTER IT MADE DECEMBER 2016 MONTHLY LOW OF 7893.AS PER LONG TERM MONTHLY CHARTS STARTING FROM 2008 BEAR MARKET LOWS OF 2252 IN OCTOBER 2008, NIFTY PRESENTLY IS ON THE 3RD  SUB WAVE OF THE 5TH MAJOR UP WAVE. THE 3RD MAJOR UP WAVE WAS COMPLETED ON  4TH MARCH 2015 HIGH OF 9119. THE 4TH DOWN ABC WAVE WAS COMPLETED ON  BUDGET DAY 29TH FEB 2016 LOWS OF 6825. THE 1ST UP SUB WAVE OF THE 5TH WAVE WENT UP TILL 7TH SEPT 2016 HIGH OF 8969, THE 2ND DOWN SUB WAVE FELL TILL 26TH DEC 2016 LOW OF 7893.

THE 3RD UP SUBWAVE IS STILL ON  THAT HAS MADE A 6TH JUNE 2017 HIGH OF 9709. NOW THIS CORRECTION SPANNING FOR NEAR 4 WEEKS  MAY SHOW A SOLID BOUNCE SHORTLY AND IN CASE OF A FALL, TILL NIFTY SPOT DOES NOT FALL TO CLOSE BELOW 24TH MAY 2017 LOW OF 9341, IT CAN CLEARLY INDICATE  A MEGA RISE TOWARDS NEW HIGHS ABOVE 6TH JUNE HIGH OF 9709 SPOT.. NOW ON A VERY SHORT TERM BASIS AS LONG AS SPOT NIFTY DOES NOT RISE TO CLOSE ABOVE  29TH JUNE INVERTED HAMMER HIGH OF 9575 SPOT, EVERY RISE TOWARDS IT CAN BE BRUTALLY SHORTED WITH STOP LOSS ABOVE 9575 SPOT ON A CLOSING BASIS TO QUIT SHORTS AND REVERSE FOR  GOING LONG.

ALTHOUGH NIFTY IS CERTAINLY IN ITS MEGA BULL PHASE TOWARDS MUCH MUCH HIGHER LEVELS ABOVE 6TH JUNE HIGHS OF 9709, BUT  PRESENTLY IT IS IN A CORRECTIVE MODE AS LONG AS IT DOES NOT RISE TO CLOSE ABOVE 9575. SO, SWING SHORTERS MAY HOLD THE SHORTS WITH STOP LOSS ABOVE 9575 SPOT ON A CLOSING BASIS TO QUIT SHORTS AND TRADE LONG. FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, NIFTY FUTURES FAILING TO RISE AND FAILING TO CLOSE A CANDLE ABOVE 9555 WILL BE THE SIGNAL TO TRADE SHORT WITH STOP LOSS ABOVE IT ON A CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG TOWARDS  9575  OR EVEN 9595 FUTURE LEVELS.

ON THE LOWER SIDE A SLIDE BY NIFTY FUTURES TO BREACH 9490 IS A SIGN OF FURTHER WEAKNESS TO ADD ON TO THE SHORTS TOWARDS  LOWER  LEVEL TARGETS OF 9474 OR STILL LOWER LEVELS TOWARDS FRIDAY’S LOWS OF 9451 OR LOWER  TO CONFIRM THAT THE CORRECTION THAT HAD STARTED FROM  22ND JUNE SWING HIGH OF 9732 HAS SOME MORE DOWN SIDE DURING THE WEEK BEFORE THE MEGA BULL RUN RESUMES. USE EVERY DECLINE TO BUY TATA STEEL, RELIANCE, ITC, ALL LOGISTICS, TRANSPORTATION & AUTO STOCKS FOR GREAT GAINS IN JULY.

MARKETS FOR    FRIDAY 30 JUN EXPIRY IS OVER &  NIFTY JULY FUTURES CLOSED NEAR 9525. INTRADAY TRADERS LOOK FOR INTRADAY RISE TOWARDS 9545 TO BOLDLY TRADE SHORT, EVEN IF THERE IS NO RISE THEN ALSO TRADE SHORT WITH STOP LOSS ABOVE 9550 TO REVERSE AND GO LONG. FRESH SWING TRADERS ALSO CAN FORGET LONGS FOR NEXT FEW DAYS AND ENTER SHORT TRADE ON RISE OR EVEN IF THERE IS NO RISE TAKE SHORT POSITIONS. ENOUGH HAS BEEN MADE ON LONG TRADES , SO TRY SOME SHORT TRADES.

MARKETS FOR    THURSDAY 29 JUN EXPIRY DAY, SO NO TRADE IS BEST TRADE. IF ONE HAS TO TRADE THEN LOOK FOR DECLINES TOWARDS WEDNESDAYS LOWS OF 9474 TO 9470  SPOT  TO BUY JULY FUTURES AND IN CASE NIFTY IS PULLED DOWN TOWARDS 9460 TO 9450 THEN ADD MORE JULY FUTURES. CONSERVATIVE TRADERS  NEED NOT TRADE AT ALL OR WAIT  FOR NIFTY TO FALL TOWARDS 9460 TO 9450 SPOT LEVELS  TO BUY JULY FUTURES. BUY HOLDING ON TO JULY FUTURES AND WITH IT USE INTRADAY RISE EITHER EARLY OR TOWARDS THE END TO BOLDLY SHORT 9600 JULY CALLS AND HOLD THESE AS HEDGE TO THE BOUGHT JULY FUTURES. 

FOR INTRADAY TRADING OF NIFTY FUTURES, IN CASE OF A RISE ,  TRADE SHORT IN CASE NIFTY FUTURE FAILS TO BREACH AND SUSTAIN ABOVE  WEDNESDAY’S HIGHS OF 9524 WITH STOP LOSS ABOVE 9535 ON A 30 MINUTE CANDLE CLOSE BASIS TO REVERSE AND TRADE LONG. IN CASE OF A FALL, BREACH OF TUESDAY & WEDNESDAY LOWS OF 9480 TO 9472 JUNE FUTURE ZONE CAN BE USED TO TRADE INTRADAY SHORTS FOR LOWER LEVELS TOWARDS 9460 TO 9450 OR EVEN LOWER LEVELS WHERE ONE CAN BOOK PROFIT ON   JUNE FUTURE SHORTS AND BUY JULY FUTURES TO CARRY.

MARKETS FOR   WED 28 JUN NIFTY  FELL AS WAS GIVEN BELOW (HIGHLIGHTED FOR BETTER VIEWING) AND BRUTAL SHORTING WAS RESORTED TO AFTER THE OPENING  BY HAVING STOP LOSS ABOVE THE GIVEN  LEVEL OF 9626. THE FALL IN NIFTY  FROM 6TH JUNE LIFE TIME HIGH OF 9709 TO TUESDAY 27TH JUNE LOW OF 9473 SPOT HAD JUST TESTED THE CRITICAL 61.8% RETRACEMENT LEVEL OF 9482 SPOT COUNTED FROM 24TH MAY SWING LOWS OF 9341 TILL 6TH JUNE LIFE TIME HIGH OF 9709. NIFTY BOUNCED  AFTER BREACHING THIS FIBO LEVEL OF 9482 TO MOVE UP TILL  9520 TO FINALLY CLOSE THE DAY AT 9511.

ON WEDNESDAY, EXPECT SGX MANIPULATORS TO KEEP SGX  NIFTY DOWN AGAIN SO THAT THE FIBO 61.8% LEVEL IS RETESTED.  ALL SHORTERS FROM FRIDAY MUST USE ANY GAP DOWN OR A RETEST OF  TUESDAY’S LOWS TO BOOK PROFIT ON ALL THE SHORTS AND BOLDLY BUY JULY FUTURES. A RISE BY JUNE FUTURES TO BREACH AND STAY ABOVE 9535 CAN BE USED TO QUIT ALL SHORTS AND BOUGHT PUTS  TO BUY MORE JULY FUTURES  AND THESE BE HELD. MOST LIKELY MANIPULATORS WILL   RETEST TUESDAYS LOWS OF 9473 SPOT AND FUTURES THAT MUST BE USED TO QUIT ALL SHORTS AND BUY JULY FUTURES.

DO NOT  BOTHER WHAT THE FINANCIAL CHANNELS ARE SAYING NEGATIVE ABOUT GST . JUST TAKE YOUR  MIND TO BREXIT OR RECENT US ELECTIONS WHEN THEY ALL HAD SAID MARKETS TO CRASH BUT ONLY TO SEE MARKETS SKY ROCKETING JUST AFTER THE EVENTS. SAME WILL HAPPEN  AFTER GST COMES INTO EFFECT. SO, USE THESE NEWS TO QUIT SHORTS AND REVERSE  FOR LONGS IN JULY FUTURES. THERE IS NOTHING WRONG WITH INDIAN MARKETS. IT IS THE FINANCIAL CHANNELS WHO RUIN INDIAN MARKETS THAT IS WHY TRADERS DO BEST OF TRADING BY SWITCHING OF THESE FINANCIAL CHANNELS DURING TRADING HOURS. SO, USE DECLINES TO QUIT SHORTS AND BOLDLY BUY JULY FUTURES AND ADD MORE IN CASE NIFTY IS PULLED DOWN FURTHER TOWARDS 9450 OR EVEN 9400 FOR GREAT GAINS IN JULY (INTRADAY TRADING LEVELS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR    TUESDAY 27 JUN WEEKENDING 23RD JUNE SAW NIFTY CLOSING AT 9574 SPOT AND 9590 FUTURES, JUST A FEW POINTS BELOW ITS PREVIOUS WEEKENDING 16TH JUNE  CLOSING  LEVEL OF 9580 SPOT & 9597 FUTURES.  A WEEKLY CLOSE BELOW WEEKENDING 16TH JUNE LOWS OF 9560 SPOT AND 9585 FUTURES OR A DAILY CLOSE FOR TWO TO THREE DAYS BELOW THESE LEVELS SHOULD FORCE THE BULLS TO QUIT ALL LONGS . HOWEVER SEASONED TRADERS CAN WAIT FOR A WEEKLY CLOSE BELOW 8 WMA LEVEL OF 9525 TO QUIT LONGS. IN THE DAILY CHARTS 34 DAY EMA FLOATS AROUND 9535 SPOT THAT WILL PROVIDE SOLID SUPPORT TO NIFTY ON A CLOSING BASIS THAT MAY EVEN SEE NIFTY REVERSING FROM THIS LEVEL TO RESUME THE BULL RUN. IN ANY CASE BOLD SWING TRADERS WHO HAVE INITIATED SHORTS ON FRIDAY CAN HOLD THE SHORTS BY HAVING A STRICT STOP LOSS ABOVE FRIDAY’S HIGHS OF 9647 TO 9650 SPOT ZONE ON A DAILY CLOSING BASIS.

NIFTY AFTER MAKING A HIGH OF 9709 SPOT ON 6TH JUNE HAS CONTINUED TO REMAIN IN A FLAT ZONE FOR NEXT 14 DAYS TILL FRIDAY 23RD JUNE. THE LOW OF THIS FLAT WAS 9660 SPOT OF 15TH JUNE. SO TILL SUCH TIME NIFTY DOES NOT BREACH 9560 DECISIVELY (ON FRIDAY 23RD JUNE NIFTY HAD MADE  A WEEKLY LOW OF 9565) TO CLOSE A DAILY CANDLE DEEP BELOW IT, ONE CAN NOT BE SURE WHETHER  A MILD CORRECTION HAS STARTED  OR THE FLAT IS CONTINUING. SO, ALL THOSE WHO HAVE INITIATED SHORTS ON FRIDAY CAN HOLD THE SHORTS BY HAVING A STRICT STOP LOSS ABOVE 9650 SPOT ON A DAILY CLOSING BASIS.

SINCE MONDAY IS A HOLIDAY FOR INDIAN MARKETS, ONE MUST BE REASONABLY SURE TO SEE US MARKETS BEING PULLED DOWN ON MONDAY NIGHT, WITH IT BE SURE TON SEE HIGHLY MANIPULATED SGX  NIFTY ALONG WITH ITS DAD, THE DOW FUTURES  BEING PULLED DOWN BEFORE THE START OF INDIAN MARKETS ON TUESDAY MORNING TO IMPART A NEGATIVE SENTIMENT. FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY 27TH JUNE, TILL SUCH TIME BOTH NIFTY SPOT & FUTURES DO NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE 9626, EVERY RISE TOWARDS IT CAN BE TRADED SHORT WITH STOP LOSS ABOVE 9626 ON A CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG(REMAINING INTRADAY LEVELS ARE FOR SUBSCRIBERS ONLY) 

MARKETS FOR    FRIDAY 23 JUN AS WAS EXPECTED NIFTY  FUTURES BREACHED 9700 TO TEST 9716 & THEN FROM AROUND 1.30 PM STARTED TO FALL  AND WENT AS LOW AS  EDNESDAYS LOWS OF 9616 TO CLOSE NEAR 9633 FUTURES. NIFTY WILL BE PULLED DOWN BY OPERATORS ON FRIDAY TO CLOSE AROUND OR BELOW LAST FRIDAY’S CLOSING LEVELS OF 9588 SPOT AND 9797 FUTURES.

INTRADAY TRADERS CAN TRADE SHORT IN CASE THEY FIND ANY RISE IS LOSING MOMENTUM OR IF NIFTY FUTURES FAILS TO RISE AND STAY ABOVE 9650. A RISE TO STAY ABOVE 9650 FOLLOWED BY A BREACH TO STAY ABOVE 9669 WILL BE THE FIRST SIGN OF STRENGTH. A CLOSURE OF EVEN A 10 MINUTE CANDLE ABOVE 9676 CAN SEE MASSIVE SHORT COVERING TOWARDS 9686 STAYING ABOVE WHICH THE FUTURES CAN RETEST WEDNESDAY’S HIGHS OF 9716.

A FAILURE TO BREACH AND STAY ABOVE 9669 INITIALLY & THEN ABOVE 9676 FUTURES WILL BE A SIGN OF WEAKNESS TO SLIDE TOWARDS THURSDAY’S LOWS OF 9616  AND A STAY BELOW 9616 TO 9612 FUTURES CAN EASILY SEE SUB 9600 TOWARDS 9590 OR LOWER LEVELS TO SEE   NIFTY NOT CLOSING ABOVE OR FAR AWAY FROM LAST WEEK’S CLOSING LEVEL OF 9588 SPOT AND 9595 FUTURES.

SINCE NIFTY FUTURES , SENSEX AND BNF HAVE MADE NEW LIFE TIME HIGHS WITHOUT TAKING NIFTY SPOT WITH THEM, EXPECT A COUPLE OF DAYS OF FLATNESS OR MILD CORRECTIONS BEFORE ANOTHER NEW LIFE TIME HIGH. SO SWING TRADERS USE DECLINES TOWARDS 9560 TO 9550 DURING THE COMING DAYS TO BOLDLY BUY AND HOLD WITH STOP LOSS BELOW 9550 ON A CLOSING BASIS TO QUIT LONGS AND GO SHORT.

MARKETS FOR    THURSDAY 22 JUN NIFTY TOOK ANOTHER DAY OF PAUSE AFTER THE BIG RISE OF MONDAY. NIFTY MADE AN INTRADAY LOW OF 9608 SPOT AND 9615 FUTURES TO BOUNCE SMARTLY FROM 2 PM ONWARDS TO MAKE AN INTRADAY HIGH OF 9650 SPOT AND 9668 FUTURES TO CLOSE THE DAY IN THE FORM OF A HAMMER. REMEMBER TO FOLLOW THE GOLDEN  RULE FOR BULL MARKETS, WHICH IS LOOK FOR A DECLINE TOWARDS THE PREVIOUS DAY’S LOWS TO BUY.

IN CASE THE LOW IS BREACHED BY A GAP DOWN AS WAS ON WEDNESDAY, THEN  LOOK FOR THE PREVIOUS DAY’S RANGE FROM THE GAP DOWN OPEN( IN CASE OF WEDNESDAY’S GAP DOWN OPEN AT 9644 FUTURES, AND TUESDAYS RANGE BEING 28 POINTS FOR FUTURES,  FROM GAP DOWN OPEN IT COMES TO THE BUYING POINT AT 9616 AND NIFTY FUTURE MADE A LOW OF 9615.80 ON WEDNESDAY THAT OFFERED MEGA BUYING OPPORTUNITY) OR GO FOR  NEAREST 100 ROUND FIGURE(IN THIS CASE NEARER TO 9600) TO BOLDLY BUY AND HOLD FOR THE RISE WHICH HAPPENED ON WEDNESDAY.

FOR THURSDAY, BOLDLY BUY AT THE OPEN IN CASE THE OPEN IS WEAK OR FLAT. HIGHLY MANIPULATED SGX NIFTY  WHICH IS POSITIVE NOW  IN THE NIGHT WILL BE PULLED DOWN IN THE MORNING OF THURSDAY TO INDUCE A NEGATIVE SENTIMENT AGAIN. USE THIS SITUATION TO BOLDLY BUY AND IN CASE GOES TOWARDS WEDNESDAYS LOWS OR 9600 THEN DOUBLE BUY.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, USE THE SLIGHTEST AMOUNT OF DECLINE TO BUY , ADD EVERY FALL OF 25 TO 20 POINTS. IN CASE THERE IS AN INITIAL RISE THEN LOOK FOR A PAUSE OR MILD FALL TO BUY. ADD MORE LONG POSITIONS IN CASE NIFTY FUTURES BREACHES WEDNESDAYS HIGHS OF 9669 TO 9675 ZONE AND STAYS ABOVE IT  TO CLOSE A CANDLE FOR MUCH HIGHER TARGETS.

AFTER A LUKEWARM RISE, IN CASE OF A  FAILURE TO BREACH AND STAY ABOVE THIS 9669 TO 9675 FUTURE ZONE, THEN THIS  CAN BE USED TO TRADE INTRADAY SHORTS AND WHETHER THERE IS RISE OR NOT A SLIDE TO BREACH AND STAY BELOW 9640 TO 9636 FUTURE ZONE CAN BE USED TO TRADE SHORT FOR GOOD INTRADAY GAINS TO BUY BACK AS NIFTY FUTURES APPROACHES WEDNESDAY’S LOWS OF 9615  AND MORE LONGS BE ADDED NEAR 9600 FUTURES.

REMEMBER THERE IS NOTHING WRONG IN INDIAN MARKETS. GOOD QUARTERLY RESULTS, EXCELLENT MONSOON SO FAR, FLURRY OF NEWS EVENTS SUPPORTING THE INDUSTRY, POLITICAL STABILITY, VISIBLE PROGRESS ON ALL FIELDS  ETC ARE MEGA BULLISH INDICATIONS TO BUY THE DECLINES AND HOLD.

MARKETS FOR   WED 21 JUN AS USUAL, AFTER THE BIG RISE OF MONDAY, NIFTY TOOK A PAUSE ON TUESDAY AND THIS PAUSE  MOST LIKELY WILL CONTINUE TO GIVE THE ANALYSTS A GOOD PRACTICE OF MUSICAL CHAIR TYPE ANALYSIS WITH A DAY OF BULLISHNESS, A DAY OF BEARISHNESS AND A DAY OF FLATNESS. COMMON TERMS LIKE RANGE EXPANSION, COMPRESSION, CHOPPY ETC WILL GENERATE EXCELLENT AMUSEMENT FOR TRADERS FOLLOWING THE ANALYSTS. BUT REMEMBER MARKETS ARE IN A MEGA BULL RUN AND OFFERS GREAT BUYING OPPORTUNITY ON THESE PAUSES / MILD CORRECTIONS TO SEE NEW AFTER NEW HIGHS.

THE NEW SWING LOW AT 9550 / 9560 SPOT AND FUTURES ARE THE CRUCIAL SUPPORTS A CLOSE BELOW WHICH ONLY SHOULD FORCE ONE TO CHANGE FROM  BULLISHNESS TO A MILDLY CORRECTIVE DECLINE. MOST LIKELY NIFTY SHORTLY WILL SEE A NEW LIFE TIME HIGH MUCH ABOVE 6TH JUNE HIGH OF 9709 SPOT. SO, USE DECLINES  TO BOLDLY BUY.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, FRIDAY’S HIGH OF 9697 FUTURE IS CRITICAL, A BREACH AND MORE IMPORTANTLY STAY ABOVE IT  IS A SIGN OF BULLISHNESS TO ADD ON TO THE LONG FUTURES. A FAILURE TO BREACH AND STAY ABOVE 9697 FUTURE IS A SIGNAL TO TRADE INTRADAY SHORTS AND MORE SHORTS BE ADDED IN CASE TUESDAY’S LOWS OF 9662 FUTURE IS BREACHED.

ALTERNATIVELY LOOK FOR DECLINES TOWARDS 9662 TO TRADE LONG WITH STOP LOSS BELOW 9656 FUTURES TO TRADE SHORT & A RISE TOWARDS TUESDAY’S HIGH OF 9690 BE USED TO TRADE SHORT WITH STOP LOSS ABOVE 9697 FUTURES TO REVERSE AND TRADE LONG. THESE LEVELS ARE VALID ONLY IF FUTURES TRADES ABOVE OR BELOW THESE LEVELS, A GAP UP OR GAP DOWN WITHOUT CLOSING A CANDLE ABOVE OR BELOW RESPECTIVE LEVELS CARRY  NO MEANING OTHER THAN GOOD TRAINING IN STOP LOSS CLEARANCE ONLY.

MARKETS FOR    TUESDAY 20 JUN NIFTY SPOT AS PER EXPECTATIONS OPENED WITH A BIG GAP UP AND MAINTAINED THAT GAP FOR THE REST OF THE DAY. WHAT IS MORE INTERESTING IS  THAT NIFTY CLOSED AT 9656 SPOT & 9675 FUTURES WHICH WERE HIGHER THAN THE HIGHS OF THEIR RESPECTIVE  FOUR PREVIOUS DAYS. WHAT OTHER BULLISH INDICATION OTHER THAN THIS YOU WANT.

CLOSE YOUR EYES AND USE EVERY SMALL INTRADAY DECLINE TO BUY FOR A NEW LIFE TIME HIGHS MUCH HIGHER THAN 6TH JUNE HIGHS OF 9709 SPOT & 9705 FUTURES. 15TH JUNE LOWS OF 9560 SPOT AND 9584 FUTURES ARE NOW GOOD SWING LOWS , A BREACH AND MORE IMPORTANTLY  CLOSE BELOW BOTH THESE LEVELS  WILL BE THE INDICATIONS TO QUIT LONGS AND TRADE SHORT FOR LOWER LEVELS. TILL THIS HAPPENS EVERY INTRADAY PAUSE OR CORRECTION IS A BUY ONLY FOR MUCH HIGHER LEVELS.

FOR INTRADAY TRADING OF NIFTY FUTURES AND BNF,  BREACHING AND STAYING ABOVE MONDAY’S HIGHS OF 9697 FUTURES & ABOVE 23767 BNF IS A SIGN OF STRENGTH TO TRADE LONG  AND AFTER A RISE OR PAUSE A FALL BELOW 9660 TO 9655 FUTURE ZONE & 23633 TO 23613 BNF ZONE IS A SIGN OF WEAKNESS TO TRADE SHORT FOR LOWER  INTRADAY LEVELS. (OTHER INTRADAY LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR    MONDAY 19 JUN NIFTY SPOT CLOSED  THE WEEK AT 9588 BELOW THE LOW OF IT’S PREVIOUS WEEK ENDING  9TH JUNE LOW OF 9608. ALTHOUGH IT IS A SIGN OF WEAKNESS, YET THE VOLUME IS NOT HIGHER THAN THE WEEKLY VOLUME OF LAST 10 WEEKS MEANING THAT THE FALL IS DUE TO RUNNING AWAY OF WEAKER HANDS. NIFTY SPOT MADE A WEEKLY LOW AT 9560 EXACTLY ON THE 5 WEEK EMA & IN THE DAILY CHARTS NIFTY HAS TAKEN SUPPORT AT THE 21 DAY EMA FOR 3 CONSECUTIVE DAYS. SO, TILL SUCH TIME SPOT NIFTY DOES NOT HAVE A DECISIVE CLOSE BELOW THIS 21 SAY EMA AROUND WEEKLY LOWS OF 9560 TO 9550, EVERY INTRADAY DECLINE TOWARDS 9560 TO 9550 SPOT SHOULD BE USED FULLY TO BOLDLY BUY. ONLY A DECISIVE CLOSE MUCH LOWER THAN 9560 TO 9550 SPOT ZONE CAN SEE SOME MORE DAYS OF FALLS TOWARDS THE CRITICAL 34 DAY EMA SLEEPING AROUND 9505 TO 9510 SPOT AND FUTURES.

NIFTY SPOT FROM 24TH MAY LOWS OF 9341 TOOK 9 DAYS TO REACH THE 6TH JUNE HIGH OF  9709 A RISE OF NEARLY 368 POINTS. AFTER THIS THE SLIDE FOR SAME 9 DAYS TO A LOW OF 9560  WHICH IS A FALL OF 150 POINTS THAT IS HALF OF THE RISE IN SAME TIME SPAN WITH MUCH MUCH LESSER VOLUME  CLEARLY INDICATES THE NEGATIVE MOMENTUM ON THESE FALLS OR PAUSES THAT WILL SEE A VIGOROUS RISE IN NIFTY VERY SOON TOWARDS ANOTHER LIFE TIME HIGH MUCH ABOVE 6TH JUNE HIGH OF 9709 SPOT SOON  AFTER THE PRESENT TIME CORRECTION IS OVER.

INTRADAY TRADERS MUST USE A RISE TOWARDS PREVIOUS DAY’S HIGHS TO TRADE SHORT AND A FALL TOWARDS OR BELOW PREVIOUS DAY’S LOWS TO BUY FOR GOOD INTRADAY GAINS. HAVE STOP LOSSES AT A REASONABLE DISTANCE ON A 30 MINUTE  CANDLE CLOSING BASIS OR QUIT AT THE DAY END & DO NOT CARRY INTRADAY POSITIONS (INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, ALL OPTIONS, STOCKS AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR    FRIDAY 16 JUN NIFTY SPOT CLOSED AT 9575 BELOW THE CRITICAL LEVEL OF 9580. SO, WHAT IS THE NEXT COURSE OF ACTION? SO SIMPLE, JUST CLOSE THE EYES AND GO LONG ON EVERY DECLINE TOWARDS OR BELOW THE PREVIOUS DAY’S LOWS. NIFTY SPOT  ALTHOUGH BREACHED 21 DAY EMA , HAS CLOSED AT THIS CRITICAL LEVEL AND THE VOLUME OF NIFTY FUTURES IS NOT LARGE AND IS SAME AS THE VOLUME OF WEDNESDAY SUGGESTING THAT THE SLIDE IS NOTHING ALARMING AND A GOOD RISE IS ON THE CARDS.

 AFTER THE SWING HIGH OF  9709 SPOT ON  6TH JUNE , NIFTY IS IN A PAUSE MODE FOR LAST 8 DAYS SIMILAR TO THE PAUSES AFTER THE SWING HIGHS OF  5TH APRIL OR 26TH APRIL OR  17TH MAY WHICH WERE FOLLOWED BY GOOD RISES. MOST LIKELY THIS PAUSE ALSO WILL BE FOLLOWED BY ANOTHER BIG RISE TOWARDS A NEW LIFE TIME HIGH ABOVE 6TH JUNE HIGH OF 9709 SPOT NEXT WEEK. SO, LOOK FOR DECLINES TO BUY BOLDLY AND HOLD LONG POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS NIFTY FUTURE DOES NOT BREACH TO STAY BELOW THURSDAY’S LOWS OF 9584 TO 9580 ZONE IT CAN BOUNCE  AND A RISE TO STAY ABOVE 9606 WILL SEE INITIAL BOUT OF SHORT COVERING. A FOLLOW UP RISE TO BREACH 9620 TO 9624 WILL SEE MASSIVE SHORT COVERING  THAT MAY PROPEL NIFTY FUTURES TOWARDS 9646  FOLLOWED BY EVEN LAST FRIDAY 9TH   JUNE WEEKLY CLOSING LEVEL OF 9682 FUTURE LEVELS IF NOT ON FRIDAY THEN IT WILL COME ON EARLY NEXT WEEK.

LAST WEEK NIFTY FUTURES HAD A WEEKLY LOW OF 9619 AND ONE SHOULD EXPECT NIFTY FUTURES TO HAVE A WEEKLY CLOSING ABOVE LAST WEEK’S LOWS. HENCE A SLIDE IF AT ALL COMES IN NIFTY FUTURES TOWARDS THURSDAYS LOWS OF 9584 TO 9580, THEN ONE SHOULD BOLDLY BUY FOR A MUCH BETTER CLOSING TOWARDS 9620 AT LEAST TO AVOID CERTAIN BEARISHNESS NEXT WEEK. HOWEVER A FAILURE ON THE PART OF NIFTY FUTURES TO RISE AND STAY ABOVE 9620 CAN BE USED TO TRADE INTRADAY SHORTS FOR GOOD  INTRADAY GAINS WITH STOP LOSS ABOVE 9620 TO REVERSE AND GO LONG BOLDLY FOR VERY GOOD INTRADAY GAINS.

MARKETS FOR    THURSDAY 15 JUN NIFTY SPOT ON WEDNESDAY MADE A LOW OF 9580 BUT FOUND HEFTY BULLS THERE WHO PULLED NIFTY UPWARDS TO CLOSE AT  9613 SPOT IN THE FORM OF A HAMMER ABOVE THE EARLIER GIVEN CRITICAL LEVEL OF 9590 SPOT. CLOSE THE EYES AND BUY NIFTY & BANK NIFTY FUTURES ON EVERY DECLINE TOWARDS THE PREVIOUS DAYS LOWS. IN CASE NIFTY  RISES AND STAYS ABOVE 9650 SPOT AND 9660 FUTURES TO CLOSE A 30 MINUTE CANDLE ABOVE THESE,THEN GO DOUBLE LONG.

REMEMBER MARKETS ARE IN A MEGA BULL PHASE TOWARDS 12000 OR HIGHER LEVELS, SO USE FLATS OR MILD CORRECTIONS AS GOD SENT OPPORTUNITIES TO BUY AND BUY ONLY. A DECISIVE CLOSE BELOW  14TH JUNE HAMMER LOWS OF 9580 SPOT SHOULD  BE THE DECIDER TO QUIT LONGS  WHICH ARE HELD SINCE 24TH MAY SWING LOWS OF  9341 SPOT.

JUST IGNORE MARKET HARASSING NEWS OR BEARISH ANALYSIS AND USE THESE THINGS AS A WEAPON TO GO LONG ONLY, AS LONG AS SPOT NIFTY DOES NOT CLOSE  BELOW THE 14TH JUNE HAMMER LOWS OF 9580 SPOT. HIGHLY MANIPULATED SGX NIFTY WHICH IS POSITIVE IN THE NIGHT  WILL BE PULLED DOWN BEFORE THE START OF INDIAN MARKETS TO INDUCE A NEGATIVE SENTIMENT & ALSO BOOST THE BEARISH ANALYSTS. USE THESE TO TRADE LONG AFTER MINOR DECLINES

(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, ALL OPTIONS, STOCKS AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR MONDAY 12 JUN NIFTY CLOSED THE WEEK AROUND 9668 SPOT IN THE FORM OF A WEEKLY DOJI CANDLE. THE WEEKLY HIGH OF WHICH WAS AROUND 9709 AND WEEKLY LOW WAS  9608. THESE DOJI WEEKLY CANDLES FORMING MARKET TOPS FOREWARN OF SOME CORRECTION OR A PAUSE, HOWEVER THE MEGA BULLISHNESS TOWARDS 12000+ NIFTY IS A CERTAINTY IN THIS BULL RUN SUGGESTING THAT EVERY CORRECTIVE FALL OR PAUSE IS A GOLDEN OPPORTUNITY TO BUY AND ADD ON TO THE LONG AND MEDIUM TERM INVESTMENTS.

A WEEKLY CLOSE BELOW LAST WEEK’S DOJI CANDLE LOW OF 9608 SPOT CAN SEE SOME DAYS OR WEEKS OF CORRECTION  THAT MAY FIND STRONG WEEKLY SUPPORT AROUND 9340 SPOT WHICH IS THE  LOW OF THE MOTHER WEEKLY CANDLE THAT HAD FORMED A WEEKLY OUT SIDE CANDLE SETUP TO ITS PREVIOUS WEEKLY CANDLE OF 19TH MAY. A WEEKLY CLOSE ABOVE LAST WEEK’S DOJI CANDLE HIGH OF 9708 WILL SEE BEARS RUNNING FOR COVER  IN ALL DIRECTIONS.

IN THE DAILY CHARTS, NIFTY SPOT IS IN THE FORM OF A FLAT FORMATION WITH ALL SORTS OF COMBINATIONS OF DOJIS,7TH NR, HAMMERS AND SPIN TOPS. EVERYDAY NIFTY IS THREATENING AS IF IT WILL CRASH BY GOING BELOW THE CRITICAL 7TH JUN DOJI LOWS OF 9630 BUT AGAIN BOUNCING UP TO CLOSE ABOVE THE CRITICAL 9630 SPOT.. THE DAILY SPIN TOP CANDLE OF 1ST JUNE WITH LOWS OF 9590 IS CRITICAL FOR THE COMING DAYS ON A CLOSING BASIS. A DECISIVE CLOSE BELOW , YES CLOSE BELOW & NOT MERELY INTRADAY BREACH OF 9590 WILL CERTAINLY SEE  A FALL TOWARDS  17TH MAY SWING HIGH OF 9532 JUST BELOW THE CRITICAL 21 DAY EMA AROUND 9550. INITIALLY, A DAILY CLOSE BELOW FRIDAY 9TH JUNE LOWS OF 9608 TO 9600 MAY SEE LOWER LEVELS MENTIONED ABOVE.

ALTHOUGH THERE ARE NEGATIVE DIVERGENCES IN THE DAILY INDICATORS, ONE IS NOT SURE WHEN THESE NEGATIVE DIVERGENCES WILL FRUCTIFY TO SEE THE EXPECTED CORRECTION. ON ANY DAY A CLOSE ABOVE 9709 SPOT WILL CONFIRM THE CONTINUATION OF THE MEGA BULL RUN. SO, VERY SHORT TERM OR INTRADAY TRADERS CAN LOOK FOR A GAP UP OR ANY INTRADAY RISE  TOWARDS 9700 TO TRADE SHORT WITH STOP LOSS ABOVE 9709 SPOT ON A CLOSING BASIS.(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, ALL OPTIONS, STOCKS AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY) THERE WILL BE NO UPDATING FOR TUESDAY 13TH AND WEDNESDAY 14TH JUNE. UPDATING WILL  RESUME FROM THURSDAY 15TH JUNE.

MARKETS FOR FRIDAY 09 JUN NIFTY CLOSED AT 9643 SPOT AND 9669 FUTURES JUST HIGHER THAN THE CRITICAL 9630 SPOT AND 9650 FUTURES. LAST FRIDAY NIFTY HAD THE WEEKLY CLOSING AT BOTH  9653 SPOT AND FUTURES AS THE 6TH CONSECUTIVE WEEK OF HIGHER HIGHS, HIGHER LOWS AND HIGHER CLOSINGS. THIS WEEK IT HAS ALREADY MADE A HIGHER HIGH AND A HIGHER LOW , SO IT IS BETTER  FOR THE BULLS THAT NIFTY HAS A MILDLY LOWER WEEKLY  CLOSING ON FRIDAY 9TH JUNE BELOW LAST WEEK’S CLOSING OF 9653 THAT WILL AGAIN SEE A SERIES OF BULLISH WEEKLY CLOSINGS FROM THE COMING WEEK ONWARDS.

A WEEKLY CLOSE ABOVE LAST WEEK’S HIGHS OF 9673 SPOT & FUTURES ON FRIDAY 9TH JUNE CAN SEE A CORRECTION OR A PAUSE NEXT WEEK.IN ANY CASE AS LONG AS SPOT NIFTY DOES NOT CLOSE FOR A DAY OR TWO MUCH BELOW 9630, THE CORRECTION MAY BE IN THE FORM OF A PAUSE OR TIME DELAY TO ROCKET UP AGAIN. A CLOSE BELOW 9630 FOR TWO DAYS IN A ROW CAN SEE A CORRECTION  TOWARDS 9588 OR 9544 SPOT DURING THE COMING WEEK. A WEEKLY CLOSE ABOVE 9673 FOR BOTH SPOT AND FUTURES ALTHOUGH IS A HIGHLY BULLISH SIGNAL TECHNICALLY FOR CONTINUATION OF THE UP MOVE, BUT ONE HAS TO BE CAUTIOUS  BECAUSE COMING WEEK WILL BE THE 8TH WEEK OF THIS  UP MOVE AFTER WEEKENDING 21ST APRIL SWING LOWS OF 9073 SPOT.

AVOID BELIEVING THIRD GRADE FOREIGN AGENCIES WHO GIVE FALSE NEWS TO ALLURE GENUINE INVESTORS SO THAT THE INNOCENT INVESTORS BUY  & THESE FRAUDULENT AGENCIES SELL THEIR HOLDINGS. A BRIGHT EXAMPLE OF THIS WAS A FRAUDULENT AGENCY SUGGESTING TATA STEEL TO GO ABOVE 700 & WHEN INNOCENT INVESTORS BOUGHT,  IT WENT UP FROM THURSDAYS  CLOSING OF 493 TO 513 GIVING BEST CHANCE TO THESE AGENCIES TO DISPOSE OFF THEIR HOLDINGS THAT SAW TATA STEEL FALL BY END TO CLOSE THE DAY BELOW 500 AS A DANGEROUS RED PIN BAR NEAR THE DAY LOW. SO, AVOID GETTING TRAPPED BY THESE FRAUDULENT AGENCIES AND AVOID THE  FINANCIAL CHANNELS ENCOURAGING SUCH FRAUDULENT AGENCIES FOR THEIR OWN GAINS BY BRINGING LOSS TO INNOCENT INVESTORS.

(INTRADAY TRADING LEVELS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR THURSDAY 08 JUN NIFTY FUTURE CLOSED THE DAY AT 9684 EXACTLY AT THE SAME LEVEL OF MONDAY 5TH JUNE. WITH  GOOD NEWS LIKE MONSOONS AND THE RBI’S EXPECTED ANNOUNCEMENT OF MAINTAINING STATUS QUO, ONE CAN NOW EXPECT THE RISE TO CONTINUE SLOWLY BUT STEADILY.

NIFTY SPOT HAS CLOSED AS A DOJI ON THURSDAY WITH LOWS AROUND  9630 AND HIGHS AROUND 9678 SPOT. THE LOW OF THIS DOJI AT 9630 SPOT IS CRITICAL AND A CLOSE FOR A DAY OR TWO MUCH BELOW THIS DOJI LOW OF 9630 SPOT WILL SEE LOWER LEVELS TOWARDS  1ST JUNE LOWS OF 9590 SPOT WHICH IS THE DECIDER WHETHER TO HOLD THE LONGS OR QUIT AND GO SHORT. BUT  REMEMBER IT IS THE CLOSE BELOW 9590 SPOT IS IMPORTANT, NOT THE MERE BREACH TO RISE AGAIN. ON THE HIGHER SIDE, 6TH JUNE’S MONSTER RED CANDLE HIGH OF 9609 SPOT  IS THE DECIDER, A CLOSE ABOVE WHICH WILL CLEAR THE PATH TOWARDS 10000 NIFTY IN QUICK TIME. SO, BOUNDARY  LINES ARE DRAWN, 9630 SPOT  OR 9590 SPOT ON THE LOWER SIDE FOR MUCH LOWER MOVE AND 9709 SPOT ON THE HIGHER SIDE FOR MUCH HIGHER SIDE.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, AS LONG AS NIFTY FUTURES STAYS ABOVE  TUESDAY’S LOWS OF 9658, ONE CAN HOPE FOR HIGHER LEVELS TOWARDS WEDNESDAY’S HIGHS OF 9698 OR EVEN  TUESDAY’S HIGHS OF 9704. BREACHING AND MORE IMPORTANTLY STAYING ABOVE 9704 CAN GENERATE MASSIVE SHORT COVERING TOWARDS HIGHER LEVELS OF 9717 OR 9727 FUTURE LEVELS. A FAILURE TO BREACH AND STAY ABOVE TUESDAY’S HIGHS OF 9704  CAN BE TRADED SHORT  AND MORE SHORTS BE ADDED IN CASE 9674  IS BREACHED TO SEE TUESDAY’S LOWS OF 9658 TO 9660. A BREACH OF 9660 TO 9658 FUTURES CAN WEAKEN NIFTY TOWARDS  9648 FOLLOWED BY 9633 TO 9630 FUTURES  FOR MEGA BUYING AGAIN . LOOK FOR DECLINES OR PAUSE TO BUY.

 

UPDATING WILL RESUME FROM THURSDAY 08 JUNE

MARKETS FOR MONDAY 05 JUN NIFTY CLOSED THE WEEK AT 9653 SPOT & IT WAS THE 6TH CONSECUTIVE WEEK OF HIGHER LOW, HIGHER HIGH AND HIGHER CLOSINGS. ONE SHOULD EXPECT ANOTHER TWO WEEKS OF RISE BEFORE SOME PAUSE OR CORRECTION TAKES PLACE  TO BE FOLLOWED BY ANOTHER UP MOVE. THE LOW OF WEEKENDING  26TH MAY AT 9341 SPOT IS CRITICAL SUPPORT AS IT HAS MADE A WEEKLY  OUT SIDE CANDLE SETUP WITH ITS PREVIOUS WEEK ENDING 19TH MAY WEEKLY CANDLE AND THIS WEEK’S WEEKLY CANDLE CLOSING AT 9653 HIGH ABOVE  THE WEEKENDING 26TH MAY OUTSIDE CANDLE SETUP FORMING MOTHER CANDLE HIGH OF 9606 SPOT IS A MEGA BULLISH SIGNAL FOR MUCH HIGHER LEVELS.

 ANY DECLINE FOR A DAY OR TWO SHOULD BE BOLDLY USED TO ADD TO THE LONG POSITIONS BY HAVING STOP LOSS BELOW 9545 ON A DAILY CLOSING BASIS TO QUIT LONGS . AS LONG AS WEEKENDING 26TH MAY LOW OF 9341 IS NOT BREACHED ON A CLOSING BASIS BULLS SHOULD HAVE NO FEAR AT ALL AND SLIDE TOWARDS IT TO BE AGAIN BOUGHT TO REVERSE FOR SHORTS ONLY BELOW 9341 SPOT ON A CLOSING BASIS/ CLOSING OF DAILY, WEEKLY OR EVEN INTRADAY 30, 15 MINUTES CANDLE BELOW THE SUPPORT OR ABOVE THE RESISTANCE IS IMPORTANT AND NEVER THE MERE BREACH TO TRIGGER STOP LOSSES AND MOVE BACK AGAIN.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY LOOK FOR DECLINES TO BUY AS LONG AS FUTURE REMAINS ABOVE 9626. ONLY A BREACH OF 9626 TO CLOSE A 30 MINUTE CANDLE BELOW 9626 FUTURES SHOULD FORCE ONE TO QUIT INTRADAY LONGS AND TRADE SHORT FOR QUICK INTRADAY GAINS. A FALL BELOW 9626 TO 9620  CAN SEE LOWER LEVELS OF 9600 TO 9595 FOR BUYING ACTION AGAIN. ON THE HIGHER SIDE A RISE & MORE IMPORTANTLY STAY ABOVE 9666 TO 9669 IS A BULLISH SIGNAL FOR HIGHER TARGETS OF 9677 , 9688 AND 9699 OR HIGHER LEVELS ABOVE 9700. A FAILURE TO BREACH AND STAY ABOVE 9666  WILL BRING INTRADAY WEAKNESS IN NIFTY FUTURES TO TRADE SHORT WITH STOP LOSS ABOVE 9669 TO REVERSE AND GO LONG FOR QUICK GAINS.

MARKETS FOR FRIDAY 02 JUN NIFTY CONTINUES WITH THE CONSOLIDATION  OFFERING GREAT OPPORTUNITY TO INTRADAY TRADERS TO BOLDLY BUY THE DECLINES TOWARDS OR BELOW 9600 FUTURE LEVELS AND BOLDLY SHORT ON BREACH OF PREVIOUS DAYS HIGHS FOR QUICK INTRADAY GAINS. CONTINUE THIS AS LONG AS NIFTY REMAINS WITHIN THIS CONSOLIDATION ZONE  OF 9650 TO 9690.

FOR FRIDAY, THE CONSOLIDATION  SIMILAR TO THURSDAY MAY CONTINUE WITH A NEGATIVE BIAS. AFTER A FALL IF FUTURE RISES ABOVE 9626 THEN IT IS A BULLISH SIGNAL AND AFTER A RISE IF IT SLIDES BELOW 9620 IT IS A WEAK SIGNAL. IN ANY CASE A RISE TO STAY ABOVE 9650 TO 9656 IS A STRONG SIGNAL FOR HIGHER TARGETS OF  9666 FOLLOWED BY 9686. HOWEVER A FAILURE TO RISE AND STAY ABOVE 9655 WILL INVITE INTRADAY SHORTERS WITH STOP LOSS ABOVE 9656.

A SLIDE TO  BREACH AND STAY BELOW 9620 TO 9615 IS A FURTHER SIGN OF WEAKNESS TO INCREASE INTRADAY SHORTS FOR LOWER LEVELS OF THURSDAY’S LOWS OF 9595 FOLLOWED BY EVEN 9585 TO 9575 FUTURE LEVELS  THAT WILL AGAIN INVITE HEAVY BUYING.

MARKETS FOR THURSDAY 01 JUN MAY MONTH HAS CLOSED ON A HIGHLY BULLISH NOTE AND IT WAS THE 5TH CONSECUTIVE MONTH OF HIGHER LOW, HIGHER HIGH AND HIGHER CLOSINGS AND AFTER DECEMBER 2016 MONTHLY HAMMER LOWS OF 7893 SPOT, EVERY MONTH HAS BEEN CLOSING ABOVE THE HIGHS OF PREVIOUS MONTH SUGGESTING ANOTHER 3 MONTHS OF HIGHER HIGHS, HIGHER LOWS AND HIGHER CLOSINGS TO MAKE IT 8TH IN A ROW. SO, USE EVERY DECLINE TOWARDS WEEKLY LOWS OR TOWARDS 9550 SPOT TO BUY. HOWEVER A DAILY CLOSE BELOW 9545  SPOT IS THE FIRST SIGNAL TO QUIT ALL SWING LONGS AND TRADE SHORT. TILL THEN LOOK FOR DECLINES TOWARDS 9580 OR 9550 SPOT AND FUTURES TO BOLDLY BUY FOR GOOD INTRADAY GAINS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, SGX MANIPULATORS WILL KEEP THE SGX NIFTY DOWN SO THAT NIFTY OPENS WEAK TO ENABLE THOSE MANIPULATORS TO BUY THE DECLINES. IN ANY CASE A SLIDE  AND REMAINING BELOW WEDNESDAY’S LOWS OF 9607 WILL BE A SIGN OF WEAKNESS TO TRADE INTRADAY SHORTS TOWARDS LOWER LEVELS OF 9580 TO 9570 FUTURE LEVELS WHERE ONLY ONE CAN PLAN TO BUY FOR INTRADAY GAINS. OR ONE CAN BUY THE INITIAL SLIDE TOWARDS WEDNESDAY’S LOWS OF 9606  AND IN CASE 9600 ON A 15 MINUTE CANDLE CLOSING BASIS IS BREACHED THEN QUIT TO DOUBLE BUY BETWEEN 9580 TO 9570 FUTURE ZONE.

ON THE HIGHER SIDE, IN CASE WEDNESDAY’S LOW OF 9606 IS NOT BREACHED AND NIFTY FUTURES AFTER SUSTAINING ABOVE 9626 MANAGES TO MOVE UP AND STAY ABOVE 9650 THEN ONE CAN EXPECT MASSIVE SHORT COVERING AND INTRADAY BUYING TOWARDS 9675 TO 9685 FUTURE LEVELS. BUT REMEMBER A 30 MINUTE CANDL

BUY AND ACCUMULATE RELIANCE ON EVERY DECLINE.

(INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

IMPORTANT POINTS FOR OPTION TRADERS

 

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

  

 1. DONT HOLD AND SIT TIGHT WITH YOUR OPTION. TRADE EVERY DAY. SAY, YOU HAVE BOUGHT A PUT  OPTION AT 100, LETS SAY IT HAS COME TO 90, YOU DONT HAVE TO WAIT FOR IT  TO GO ABOVE 100 TO BOOK PROFIT,  YOU SELL YOUR OPTION  ON MARKETS INTRADAY FALL AND THEN  YOU BUY BACK  THE OPTION  ON MARKET RISE AND POCKET THE DIFFERENCE OF AT LEAST 10 TO 15. AS FAR AS POSSIBLE AVOID CARRYING OVER OF OPTIONS UNLESS YOU ARE SURE OF THE MARKETS NEXT DAY. IF YOU BOUGHT A CALL OR A PUT AT START OF THE MONTH AT 150, YOU WILL FIND ITS VALUE AT 75 OR LESS BY MIDDLE OF THE MONTH SO IF YOU HAVE NOT TRADED DAILY , HALF OF THE VALUE IS LOST BY MID MONTH.

     

2. WHETHER MARKET GOES UP OR DOWN OR FLAT, OPTION VALUE WILL REDUCE BY AT LEAST 5 POINTS EVERY DAY, SO TRADING DAILY  AT LEAST GIVES YOU BACK  THE DAILY 5 POINT AUTOMATIC LOSS DUE TO TIME DECAY. SO WRITING OPTIONS (SELLING FRESH A CALL INSTEAD OF BUYING A PUT AFTER  MARKET RISE OR SELLING FRESH A PUT  INSTEAD OF BUYING A CALL AFTER MARKET FALLS )  HAVE A MUCH BETTER CHANCE OF GAIN  THAN BUYING OPTIONS.

      

 3. IF YOUR OPTION VALUE GOES DOWN BY 25% , BOLDLY QUIT THE OPTION. THIS WILL PROTECT YOU FROM SEEING ZERO VALUE FOR YOUR OPTION. THE HABIT OF HOLDING ON TO THE OPTION THINKING THAT IT MAY GAIN AFTER SOME DAYS MAY GIVE YOU ONLY 1 SUCCESS OUT OF 10 ATTEMPTS SO BE BOLD TO QUIT EARLY. (THIS IS THE MOST IMPORTANT POINT IN OPTION TRADING, PEOPLE GENERALLY BOOK BIG LOSS IN OPTIONS WHEN THIS GOLDEN POINT IS NEGLECTED.)

      

 4. DO NOT EXHAUST ALL YOUR MONEY IN BUYING OPTIONS. ONLY TRADE IN 60% OF MONEY AND ALWAYS HAVE 40% RESERVE FOR OPPORTUNISTIC TRADES.

      

 5. THOUGH AVERAGING OF OPTIONS LOOKS VERY ATTRACTIVE, IT IS LIKE SLOW POISON. AVOID AVERAGING AS FAR AS POSSIBLE.  ADJUST YOUR MIND TO DO REVERSE TRADE,  MEANING  IN CASE OF HOLDING  5000 PUT, SELL A LOWER OPTION SAY 4800 PUT IN CASE OF FALL IN MARKETS & RISE IN PUT VALUE, OR IN CASE HOLDING  5000 CALL, THEN ON MARKET RISE WHEN CALL VALUE RISES SELL HIGHER CALL OF 5200 OR IF HOLDING A PUT, BOLDLY BUY A CALL AGAINST  THE  OBJECTION OF YOUR   MIND.

 

 6. THE ABOVE OPTION RULES ARE TIME TESTED  AND MOSTLY FOUND TO BE CORRECT. ALTHOUGH MOST OF THE TIME  YOUR ANALYST  WILL GUIDE YOU WHEN TO BUY OR SELL BUT  YOU ON YOUR OWN ALSO BE  RIGID ON THE ABOVE  5  GOLDEN RULES FOR OPTIONS. YOU MAY FAIL ONCE  BUT 9 OUT OF 10 TIMES YOU  WILL NOT REGRET.

 

7. THE MOST IMPORTANT THING TO BE KEPT IN MIND IS THAT YOU MUST HAVE YOUR OWN MENTAL MUST QUIT LEVELS SAY ABOUT 5 OR 10 POINTS TO AVOID BIGGER LOSS IN CASE THE COMMUNICATION FROM ADVISERS SIDE FAIL DUE TO UNFORESEEN CIRCUMSTANCES.

 

8.IN CASE YOU ARE HOLDING AN OPTION   WITHOUT STOP LOSS  OR HEDGING & IT GOES BADLY AGAINST YOU, THEN  DO NOT PANIC, AROUND THE END OF THE 3RD WEEK OF THE MONTH QUIT THE OPTION AND BUY THE SAME OPTION OF NEXT MONTH AND AFTER THE MARKET HAVING GONE IN ONE DIRECTION, IT WILL RETRACE  SOME AMOUNT TO HELP YOU TO GAIN IN THE NEXT MONTHS OPTION AS THE CURRENT MONTH OPTION WOULD BECOME ZERO IF HELD AGAINST THE CURRENT TREND.

 

9. THE MOST IMPORTANT POINT TO REMEMBER IN OPTION TRADING IS, IN CASE YOU HAVE BOUGHT A CALL AND IT HAS GONE AGAINST YOU, THEN WHILE AVERAGING BY BUYING ANOTHER CALL AT A LOWER PRICE, NEVER HESITATE TO BUY A PUT ALSO . MEANING EVERY TIME YOU AVERAGE YOUR ORIGINAL OPTION, AT EACH TIME BUY AN OPPOSITE OPTION ALSO. SO, EVERY TIME YOU AVERAGE THE ORIGINAL CALL, AT EACH TIME BUY A PUT ALSO ALONG WITH THE CALL . THIS PUT  INVARIABLY WILL BE YOUR PROTECTOR AS THE AVERAGED CALL WILL INVARIABLY BECOME ZERO. REMEMBER THIS GOLDEN RULE.

 

Advice for Stocks, Futures& Options (Intra day) Stop Loss not to be fed but must be kept in mind to quit the position ( DATA GIVEN BELOW  ARE SAMPLES & NOT THE ONLY FUTURES & OPTIONS TO TRADE  & MAY NOT BE SUITABLE AFTER MARKET OPENS. SO  TRADE  ONLY ON PRICES SENT THROUGH  MOBILE SMS / Y.  MSNGR DURING MARKET HOURS)

 

 

 

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Disclaimer: This newsletter is an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities and derivatives of any kind. Traders should incorporate their own safety mechanism and stop loss in trading in order to avoid loss.  

 

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