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MARKETS  FOR 15 DEC 2017

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                    

 

 

 

MARKETS FOR  FRIDAY 15 DEC   AS WAS CLEARLY INDICATED YESTERDAY , NIFTY LOOKED BULLISH AND GAVE HANDSOME GAINS TO ALL WHO BOUGHT THE DECLINES SPECIALLY AFTER IT BREACHED TUESDAYS LOWS. NOW THE  DAILY CANDLE NIFTY ON THURSDAY AFTER MAKING 3 DAYS OF LOWER LOWS AND LOWER HIGHS CLOSED AS A PERFECT GREEN HAMMER  HIGH ABOVE THE CLOSING OF WEDNESDAY’S CLOSE WHICH MAKES IT A PERFECT REVERSAL CANDLE FOR A BIG GAP UP & THEN FOLLOW UP RISE DUE TO SHORT COVERING AND SOLID BUYING ON FRIDAY AT START IT SELF.

THE THUMPING EXIT POLL RESULTS IN FAVOR OF BJP IN GUJRAT & HIMACHAL WILL SEE MUCH HIGHER LEVELS FOR NIFTY NOT ONLY ON FRIDAY BUT ALSO ON MONDAY AS THE ACTUAL VOTE COUNTED SEATS ON MONDAY WILL BE MUCH HIGHER FOR BJP TOWARDS 125/130 IN GUJRAT  MUCH HIGHER THAN THE EXIT POLL RESULTS SHOWING AROUND 110/115. FOR FRIDAY’S TRADING JUST ADD TO LONG POSITIONS AND IN CASE THERE IS A PAUSE OR SLIDE THEN ADD MORE LONGS. ONE MAY HOLD THE HEDGING SHORTED CALLS OF 10450 BUT QUIT 10400 SHORTED CALLS. MOST LIKELY TWIN HIGHS OF 11TH & 12TH DECEMBER AROUND  10329 & 10326 SPOT AND AROUND 10355 & 10337 FUTURES WILL BE TAKEN OUT IN THE GAP UP ITSELF OR MAY BE AFTER A PAUSE IN CASE THE GAP UP DOES NOT TAKE OUT THESE HIGHS.

BE SURE MONDAY WILL BE ANOTHER HIGHLY BULLISH DAY AS ACTUAL VOTE COUNTING RESULTS TRICKLE IN . SO, IN CASE ON FRIDAY ONE FINDS PROFIT BOOKING SLIDE TOWARDS END OR ANYTIME DURING THE DAY THEN BOLDLY BUY FUTURES AND CALLS. DOW HAS MADE 82 TIMES LIFE TIME HIGHS IN 2017 BUT OUR INDICES HAVE NOT EVEN MADE 8 TIMES NEW LIFE TIME HIGHS. USE THIS OPPORTUNITY  TO ADD TO THE LONGS INITIATED ON THURSDAY & USE THE PAUSES OR DECLINES ON FRIDAY TO BUY FUTURES & CALLS TO RIDE THE BULL RUN. SWITCH OFF THE TV OR  PUT THE FINANCIAL CHANNELS ON MUTE AS THEY WILL BE SHOWING DEPRESSING AND HARASSING NEWS TIME & AGAIN TO PULL DOWN THE MARKETS AT DIFFERENT TIMES TO SUIT THEIR OWN SELFISH INTEREST. MARKETS ARE HIGHLY BULLISH AND RIDE THE BULL RUN FOR BIG GAINS. (TRADING LEVELS FOR NIFTY, BNF THEIR OPTIONS ARE FOR SUBSCRIBERS ONLY)

 

 MARKETS FOR  THURSDAY 14 DEC    MARKETS ARE BULLISH . LOOK FOR A PAUSE OR DECLINE TO BOLDLY BUY . IN CASE NIFTY FALLS TO BREACH AND STAY BELOW PREVIOUS DAYS LOWS THEN DOUBLE BUY. THERE IS NO REASON FOR FALL IN INDIAN MARKETS OTHER THAN HARASSING INFORMATION FLOATED BY FINANCIAL CHANNELS FOR THEIR OWN SELFISH INTEREST. BUY FUTURES AND AS A HEDGE HOLD THE SHORTED 10400 AND 10450 CALLS AND USE RISES TO WRITE MORE CALLS OF 10400 AND 10450 BY HOLDING ON TO THE LONG FUTURES BOUGHT AROUND DAILY LOWS.

MARKETS FOR  WED 13 DEC AFTER  3 DAYS OF BIG RISE, NIFTY  CORRECTED AND FROM MONDAY’S HIGH OF 10330 SPOT & 10355 FUTURES IT FELL TILL 10230 SPOT & 10254 FUTURES. EXPECT ANOTHER DAY OF PAUSE OR FALL AS BOTH NIFTYS HAVE NOT YET CORRECTED EVEN TILL 38.2% COUNTED FROM SWING LOWS OF 10033 SPOT TILL 10330 SPOT. EVEN A FALL TILL EITHER OF 38.2% AROUND 10216 SPOT OR 50% TILL  10180 SPOT OR EVEN TILL 61.8% RETRACEMENT TILL  10144 SPOT WILL NOT HAVE ANY DENT ON THE  BULLISHNESS OF NIFTY.

AS WAS WRITTEN EARLIER NIFTY APPROACHED THE UPPER CHANNEL FORMED BY JOINING THE HIGHS OF 10490 & 10409 SPOT LEVELS AND  CORRECTED BEFORE REACHING THE RESISTANCE LINE. SAME WAY ONE CAN SEE ANOTHER DAY OF PAUSE FOR A MEGA RISE FROM THURSDAY AS PEOPLE GRADUALLY REALIZE THAT BJP IS GOING TO WIN GUJRAT ELECTIONS IN A BIG WAY AGAIN. DO NOT BOTHER FOR CRUDE PRICE RISE AS BIGGEST BULL MARKETS WERE BORN WHEN CRUDE WAS RISING & WAS ABOVE 100 . SO JUST IGNORE  4$ OR 5$ HIKE IN CRUDE  TOWARDS 65 TO 70 $ .THE CRUX IS THAT AFTER 3 CONSECUTIVE DAYS OF RISE OF NIFTY FOR 300 POINTS FROM 10033 TILL 10330 IT HAS TO RETRACE DOWNWARDS EITHER 38.2% OR 50% OR 61.8% BEFORE RESUMING THE UP MOVE.

ON TUESDAY NIFTY FELL TO TAKE SUPPORT ON THE 50 DMA & BE ABSOLUTELY SURE THIS 50 DMA AROUND TUESDAY’S LOWS OF 10230 WILL BE BREACHED TO WEED AWAY WEAKER HANDS, ONLY TO RETURN DISGUSTED FROM THURSDAY OR FRIDAY ONWARDS AFTER EXIT POLL MESSAGES IN FAVOR OF BJP START TO FLOAT AROUND. IN CASE THERE IS A DECLINE ON WEDNESDAY, THEN WAIT FOR THE DECLINE TO BE OVER BY FORMATION OF A REVERSAL 15 OR 30 MINUTE CANDLE CLOSING ABOVE THE HIGHS OF PREVIOUS RED CANDLE HIGHS TO BOLDLY GO LONG AND HOLD LONGS WITH STOP BELOW LOWS OF THE REVERSAL CANDLE ON A CLOSING BASIS. BUT BOLDLY HOLD ON TO THE WRITTEN CALLS OF 10400 AND 10450 INITIATED ON TUESDAY THAT WILL ACT AS A HEDGE TO THE FRESH LONGS TO BE INITIATED AFTER WEDNESDAY’S DECLINE.

RATE HIKE IN USA  OR CRUDE PRICE HIKE OR INFLATION DATA HERE AT HOME  MAY JUST  HAVE A BLIP TO BE FOLLOWED BY BIG RISE AGAIN  AS THE RATE HIKE IS ON EXPECTED LINES & NOT A SURPRISE. INTRADAY TRADERS CAN INITIALLY TRADE SHORT ON RISE WITH STOP LOSS ABOVE 10280 SPOT & 10303 FUTURES ON A CANDLE CLOSING BASIS OR BUY PUTS ON NIFTY RISE TO QUIT / BOOK PROFIT ON ALL SHORTS AND PUTS AS DAY’S  CLOSE NEARS HOPING THAT THURSDAY IS GOING TO BE A BULLISH DAY.

MARKETS FOR  TUESDAY 12 DEC NIFTY WENT UP FOR THREE DAYS IN A ROW AND IS LIKELY TO CONTINUE WITH THE UPSIDE MOVE WITH SMALL PAUSES OR INTRADAY DECLINES IN BETWEEN THAT WILL SEE HEAVY BUYING INTEREST. FOR TUESDAY’S INTRADAY TRADING PURPOSE AS LONG AS NIFTY DOES NOT FALL TO BREACH AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE BELOW 10310 SPOT &  10330 FUTURES, EVERY DECLINE TOWARDS THESE LEVELS IS A BUY WITH STOP LOSS BELOW 10295 SPOT AND 10320 FUTURES TO QUIT INTRADAY LONG POSITIONS.

AS NIFTY NEARS THE RESISTANCE LINE AROUND 10360 SPOT & 10375 FUTURES, IT MAY ENCOUNTER PROFIT BOOKING BUT AS THE DAILY INDICATORS HAVE TURNED BULLISH AFTER THE THREE CONSECUTIVE DAYS OF RISE, IT IS NOT WISE TO INDULGE IN ANY SHORTING AS LONG AS NIFTY FALLS TO CLOSE A DAILY CANDLE BELOW  MONDAY’S LOWS OF  10195 SPOT & 10211 FUTURES. SWING LONG HOLDERS FROM LAST THURSDAY SHOULD NOT LIQUIDATE LONGS  AND AT THE WORST CAN HEDGE THE LONG FUTURES BY WRITING LIMITED 10500 OR 10450 CALLS.

IT IS BETTER TO FOCUS ON STOCKS OR STOCK FUTURES ON WHICH BULLISH ANNOUNCEMENTS HAVE BEEN MADE  BY FUND HOUSES RECENTLY AND HAVE DELIVERED GOOD QUARTERLY RESULTS RECENTLY TO BUY THESE ON MINOR DECLINES OR PAUSES  FOR VERY GOOD GAINS INSTEAD OF FOCUSING ONLY ON NIFTY TO BUY NIFTY FUTURES.

MARKETS FOR  MONDAY 11 DEC THE FOLLOW UP GREEN CANDLE OF FRIDAY AFTER THE  MONSTER BULLISH REVERSAL CANDLE OF THURSDAY FROM THE SWING LOWS OF 10033 SPOT, IS A CLEAR INDICATION FOR MUCH HIGHER LEVELS SUGGESTING TRADERS TO LOOK INTRADAY FOR DECLINES OR EVEN PAUSES TO BOLDLY BUY AND ADD TO THE LONG POSITIONS THEY CREATED FROM THURSDAY. THE DAILY CANDLE OF FRIDAY HAS CLOSED AT 10266 SPOT & 10291 FUTURES MUCH ABOVE BOTH THE CRITICAL 21 & 34 DAY EMAS, & BOTH THESE EMAS  REMAINING ABOVE THE 55 DAY EMA AND 21 DAY EMA STAYING ABOVE 34 DAY EMA. THIS 34 DAY EMA AROUND 10222 TO 10227 WILL ACT AS A PERFECT SPRING BOARD & ALSO VERY STRONG CLOSING SUPPORT FOR NIFTY AND ANY INTRADAY DECLINE TOWARDS EITHER 21 DAY EMA AROUND  10233 SPOT & 34 DAY EMA AROUND 10222 SPOT WILL ATTRACT HEAVY BUYING ACTION.

MOST LIKELY NIFTY WILL MOVE UP TO CLOSE THE GAP BETWEEN 29TH NOV LOWS OF 10346 AND ITS NEXT DAY 30TH NOV HIGHS OF 10333 SPOT DURING THIS WEEK AGAIN SUGGESTING TO BUY THE DECLINES OR PAUSES WITH  STOP LOSS BELOW 34 DAY EMA AROUND 10222 SPOT ON A CLOSING BASIS. ONE EVEN SHOULD NOT BE SURPRISED TO SEE A NEW LIFE TIME HIGHS ABOVE 6TH NOV HIGHS OF 10490 SPOT AFTER SHOOTING PAST 29TH NOV SWING HIGHS OF 10409 SPOT THAT WILL CONFIRM MUCH HIGHER LEVELS FOR NIFTY. THE RESISTANCE LINE COMING FROM 6TH NOV LIFE TIME HIGH OF 10490 SPOT  AND RECENT SWING HIGH OF 10409 SPOT OF 29TH NOV WILL MEET NIFTY AROUND 10370 TO 10390 DURING THIS WEEK, A BREACH & STAY ABOVE THIS RESISTANCE LINE WHICH IS THE UPPER CHANNEL OF THE CONGESTION ZONE WILL SEE MUCH HIGHER UP SIDE.

 AFTER A DECEPTIVE PAUSE OR MILD CORRECTION FOR A FEW DAYS AROUND THIS RESISTANCE LINE FORMING THE UPPER CHANNEL, NIFTY WILL BREACH IT & SHOOT PAST 10490 SPOT TOWARDS A NEW LIFE TIME HIGH BEFORE END OF THIS YEAR. THE DECISIVE BREACH AND CLOSE ABOVE THE 5TH DECEMBER PERFECT DOJI HIGHS 10148 SPOT CAN PROPEL NIFTY TOWARDS MUCH HIGHER LEVELS AS THE DAILY INDICATORS HAVING LOOKED OVERSOLD HAVE STARTED TO TURN UPWARDS.

 FOR INTRADAY TRADING OF NIFTY FUTURES, AS LONG AS NIFTY FUTURE DOES NOT BREACH AND STAY BELOW 10260 TO 10255  ZONE TO CLOSE A CANDLE BELOW THIS ZONE, EVERY INTRADAY DECLINE TOWARDS THIS FUTURE ZONE IS A BUY. BREACHING AND  MORE IMPORTANTLY STAYING ABOVE 10320 FUTURES  WILL SEE HEAVY SHORT COVERING AND  FRESH BUYING TO LIFT NIFTY FUTURES TOWARDS INTRADAY TARGET OF 10350 TO 10360 LEVELS. BUY EVERY DECLINE WITH A REASONABLE STOP LOSS BASED ON THE LOWS OF  PREVIOUS 15 OR  30 MINUTE CANDLE CLOSING BASIS FOR VERY GOOD INTRADAY GAINS.

 MARKETS FOR  FRIDAY O8 DEC NIFTY AFTER MAKING THE LOW ON WEDNESDAY, GAVE A VERY GOOD UP SIDE REVERSAL ON THURSDAY. THE MONSTER GREEN CANDLE OF THURSDAY OPENED HIGHER THAN THE CLOSING OF WEDNESDAY, MADE A HIGHER HIGH AND CLOSED AT 10172 SPOT & 10206 FUTURES, MUCH HIGHER THAN  WEDNESDAY’S SWING-LOW MAKING CANDLE’S HIGH OF 10104 SPOT & 10126 FUTURES. THIS REVERSAL CANDLE OF THURSDAY ALSO BREACHED THE HIGHS OF ITS 3 PREVIOUS DAYS AND CLOSED WITH HEAVY VOLUME HIGHER THAN THE HIGHS OF ITS TWO PREVIOUS DAYS RIGHTLY MAKING IT A REVERSAL CANDLE TO MOVE TOWARDS THE  HIGH SIDE OF THE CHANNEL IN COMING DAYS. THERE WAS NO IMPACT OF DOW FUTURES OR ADVERSE SGX NIFTY BEFORE THURSDAY’S START OF INDIAN MARKETS WHICH IS A VERY GOOD SIGN FOR DAYS TO COME.

THE SAVAGE FALL FOR 7 DAYS FROM  28TH NOV HIGH OF 10409 SPOT TILL 6TH DECEMBER LOWS OF 10033 SPOT TOTALING A FALL OF 376 POINTS HAS TO BE RETRACED UPWARDS. ON THURSDAY IT RETRACED  TILL DAY HIGH OF 10182 MORE THAN THE FIBO 38.2% LEVEL OF 10176 SPOT. A PAUSE OR DECLINE ON FRIDAY CAN BE USED TO BOLDLY BUY  TO SEE 50% RETRACEMENT LEVEL OF 10222 SPOT FOLLOWED BY 61.8% RETRACEMENT LEVEL OF 10266 SPOT LEVELS NEXT WEEK. DO NOT ADD TO POSITIONS IMMEDIATELY, WAIT FOR WELL COORDINATED DECLINES , THEN BUY . HAVE STOP LOSS BELOW 10133 SPOT & 10164 FUTURES BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS.

THE REVERSAL GREEN CANDLE OF THURSDAY WITH HEAVY VOLUME, HAS BREACHED AND CLOSED ABOVE THE NECK LINE OF AN INVERTED HEAD & SOLDER FORMATION WHICH CAN BE CLEARLY SEEN IN NIFTY CHARTS OF LOWER TIME FRAMES OF 30 MINUTES AND LOWER, THAT SHOULD AT LEAST SEE 10222 SPOT &  10250 TO 10260 FUTURES AROUND THE 50% RETRACEMENT LEVELS. LOOK FOR DECLINES TOWARDS THE NECK LINE TO BUY  FOR GOOD GAINS. THIS IS A GOLDEN OPPORTUNITY TO ADD LONGS AND DO NOT MISS THIS OPPORTUNITY.

DAILY CANDLES OF 5TH DECEMBER SPOT AND 4TH DECEMBER FUTURES WERE PERFECT DOJI CANDLES. THURSDAY’S MONSTER GREEN CANDLE NOT ONLY BREACHED THE HIGHS OF BOTH THESE  DAILY DOJIS BUT ALSO CLOSES WITH HEAVY VOLUME MUCH HIGHER THAN HIGHS OF BOTH THESE DAILY DOJIS OF 5TH DECEMBER SPOT & 4TH DECEMBER FUTURES . WELL, TECHNICALS LOOK EXTREMELY BULLISH FOR MUCH HIGHER LEVELS SUGGESTING TRADERS TO WAIT FOR DECLINES TO BUY. BE SURE, INITIALLY MARKETS WILL BE PULLED DOWN SO USE THIS PAUSE OR DOWN SLIDE TO BUY WITH THE GIVEN STOP LOSS.( INTRADAY TRADING LEVELS WHICH WILL BE BOTH LONG AND SHORT TRADES ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY O7 DEC NIFTY BREACHED THE CRITICAL 10094 SPOT AND CLOSED BELOW IT AT 10044 SPOT. BUT THE INTERESTING CHART PATTERN SUGGESTS THAT NIFTY IS STILL WITHIN THE CHANNEL FORMED BY JOINING THE SWING HIGHS OF 10490 & 10409 SPOT ON THE HIGHER SIDE AND DRAWING A LINE FROM SWING LOWS OF 10094 PARALLEL TO THE ABOVE LINE. ON WEDNESDAY NIFTY TOUCHED THE LOWS OF THIS CHANNEL THUS SUGGESTING THAT THERE CAN BE ANOTHER BOUNCE TOWARDS THE DOWN SLOPING HIGH OF THIS PARALLEL CHANNEL. ALL HOLDERS OF SWING SHORTS FROM LAST WEEK MAY REDUCE OR BOOK PROFIT ON  SHORTS IN CASE THERE IS A DECLINE ON THURSDAY OR ONE CAN HOLD THE SHORTS & WRITE 9800 PUTS.

STARTING FROM 28TH NOVEMBER, NIFTY HAS MADE LOWER HIGHS AND LOWER LOWS FOR 7 CONSECUTIVE DAYS TILL WEDNESDAY 6TH DECEMBER, SUGGESTING A PAUSE OR A RETRACEMENT RISE IS ON THE CARDS. AFTER A FALL OR FLAT, A RISE BY NIFTY FUTURES TO BREACH AND STAY ABOVE 10090 WILL TRIGGER SHORT COVERING RISE AND A BREACH TO STAY ABOVE 10100  CAN SEE BIGGER RISE AS PART OF UPSIDE RETRACEMENT TO THE FALL FROM 28TH NOV SWING HIGHS OF 10409 TILL 6TH DECEMBER LOWS OF 10033. INTRADAY TRADERS CAN WAIT , LOOK FOR DECLINES TO BUY FOR QUICK GAINS WITH STOP LOSS A FEW POINTS BELOW 10050 FUTURES TO REVERSE AND TRADE SHORT. QUIT ALL SHORTS IN CASE NIFTY SPOT & FUTURES BREACH AND STAY ABOVE WEDNESDAY’S HIGHS OF 10104 SPOT & 10126 FUTURES.

MARKETS FOR WED O6 DEC NIFTY BREACHED THE CRITICAL SWING LOW OF 10094 SPOT & WENT DOWN TILL 10069. PROFIT BOOKING BY INTRADAY TRADERS & SHORT COVERING PULLED NIFTY UP TOWARDS 10148 TO FINALLY CLOSE AT 10118 SPOT AS A PERFECT DOJI WITH LOWS AT 10069 EXACTLY ON THE 100 DMA. A FEW DAYS BEFORE 20 DMA WAS TESTED, THEN 50 DMA AND ON TUESDAY 100 DMA. DON’T BE SURPRISED TO SEE 200 DMA ALSO BEING TESTED IN NEXT FEW DAYS AFTER THE PAUSE IS OVER.

WEDNESDAY IS THE RATE ANNOUNCEMENT DAY BY RBI. SO WISER TO COVER INTRADAY POSITIONS JUST BEFORE RATE ANNOUNCEMENT. NOW, IN CASE A SURPRISE RATE CUT IS ANNOUNCED THEN EXPECT NIFTY TO RISE  BUT AS LONG AS NIFTY DOES NOT RISE TO CLOSE ABOVE 10272 SPOT & 10308 FUTURES ON ANY DAY IN FUTURE, EVERY RISE IS A SHORTING OPPORTUNITY. THE BREACH OF THE CRITICAL 10094 SPOT ON TUESDAY HAS  MADE A TUNNEL FOR FUTURE SMOOTH SLIDE AND BE SURE NIFTY HAS TO PASS THROUGH THIS TUNNEL  FOR MUCH LOWER LEVELS AFTER THE RBI FEVER IS OVER. SO USE RISES TOWARDS OR ABOVE PREVIOUS DAYS HIGHS TO SELL SHORT AND BUY PUTS  WITH STOP LOSS ABOVE GIVEN LEVELS.

FOR INTRADAY TRADING ON WEDNESDAY, EXPECT NIFTY WILL BE MADE TO REMAIN RANGE BOUND INITIALLY WITHIN TUESDAYS HIGHS AND LOWS. AFTER A DAY OR TWO OF PAUSE ONE SHOULD BE READY TO SEE NIFTY TAKING THE DIRECTION THAT WAS BEFORE THE PAUSE WHICH WAS 2 DAYS OF MEGA FALLS ON THURSDAY AND FRIDAY. THERE WILL BE HIGH VOLATILITY JUST BEFORE THE RBI ANNOUNCEMENT WHICH WILL GET STABILIZED  AFTER 15 TO 20 MINUTES OF ANNOUNCEMENT. IN CASE TUESDAY’S LOWS ARE NOT TESTED BEFORE THE ANNOUNCEMENT THEN IT WILL BE RETESTED AND BREACHED AFTER THE ANNOUNCEMENT IF STATUS QUO IS MAINTAINED. ONLY A SURPRISE RATE CUT MAY SEE A GOOD SHORT COVERING RISE TO BE FOLLOWED BY CONTINUATION OF THE FALL FROM THURSDAY ONWARDS.

MARKETS FOR TUESDAY O5 DEC WHEN EVERYONE TURNS BEARISH, MARKET DOES NOT FALL & THIS IS WHAT EXACTLY HAPPENED ON MONDAY AFTER 4 DAYS OF NEGATIVE CLOSINGS LAST WEEK STARTING FROM LAST TUESDAY TILL FRIDAY. SO, EXPECT ANOTHER DAY OF PAUSE BEFORE THE MEGA FALL RESUMES TOWARDS  SUB 10000 LEVELS . WAIT FOR NIFTY TO RISE TOWARDS OR ABOVE MONDAY’S HIGHS BACKED BY THE OVERNIGHT DOW FORCE. USE THIS RISE TO LIQUIDATE ALL LONG POSITIONS IF STILL HOLDING, BECAUSE THE BREACH OF  CRITICAL 10094 SPOT CAN COME AS A SURPRISE GAP DOWN  TO BE FOLLOWED BY MUCH BIGGER FALLS. SO, IT IS WISER TO HOLD SWING SHORTS AND ADD MORE AND MORE SHORTS ON EVERY RISE TOWARDS PREVIOUS DAYS HIGHS WITH STRICT STOP LOSS ABOVE 10272 SPOT & 10308 FUTURES ON A DAILY CLOSING BASIS.

INTRADAY TRADERS CAN TRADE LONG IN CASE  SPOT NIFTY RISES BUT MORE IMPORTANTLY CLOSES A 30 MINUTE CANDLE ABOVE MONDAY’S HIGHS OF BOTH 10180 SPOT & ABOVE 10198 FUTURES. AFTER A RISE TOWARDS MONDAY’S HIGHS IF FUTURE FALL BELOW 10160 FUTURES  THEN IT IS TIME TO QUIT LONGS AND TRADE SHORT. ADD MORE SHORTS IF  MONDAYS LOWS OF 10138 FUTURE IS BREACHED AND MORE IMPORTANTLY  IT CLOSES A CANDLE BELOW IT. REMEMBER FOR MANY YEARS DOW’S OVERNIGHT RISE HAS NEVER INFLUENCED INDIAN MARKETS POSITIVELY & AT THE BEST IT HAS GIVEN A FALSE GAP UP FOLLOWED BY FALLS.

MARKETS FOR MONDAY O4 DEC NIFTY CLOSED THE WEEK NEAR 10120 SPOT AFTER MAKING A  DAY LOW OF 10108 PRECARIOUSLY NEARER TO THE CRITICAL 15TH NOV SWING LOW OF 10094 SPOT. ALTHOUGH DECEMBER FUTURES HAVE BREACHED THE CORRESPONDING 15TH NOV FUTURES SWING LOWS OF 10165 BY FALLING TILL 1138  AND HAVING CLOSED AT 10154, YET SPOT NIFTY HAS TO SLIDE AND THEN CLOSE BELOW 15TH NOV SWING LOWS OF 10094  TO CONFIRM BIGGER FALLS HAVING MADE THE DOUBLE HEAD ON 6TH NOV HIGHS OF 10490 & 28TH NOV HIGHS OF 10409 SPOT.

 THE CHART PATTERNS ARE SUCH THAT NIFTY WILL BREACH THE CRITICAL 10094 SPOT AND SEE BIGGER FALLS TOWARDS 10000 OR LOWER LEVELS AS FIBO 61.8% RETRACEMENT LEVEL COUNTED FROM 28TH SEPT SWING LOWS OF 9687 TILL 6TH NOV SWING HIGHS OF 10490 COMES TILL 9994 SPOT. SO, UNLESS THERE ARE SOME SOLID MARKET LIFTING ACTIONS BY THE FIIS OR DIIS OR THE FINANCE MINISTRY, NIFTY CERTAINLY WILL SLIDE TOWARDS OR BELOW 10000 LEVELS IN DECEMBER TO RETRACE A PORTION OF BIG YEARLY RISE IN 2017 COUNTED FROM JAN 2017 LOWS OF 8133 TILL 6TH NOV LIFE TIME HIGHS OF 10490.

ALTHOUGH MARKETS ARE EXTREMELY BULLISH ON A LONG TERM BASIS YET THE YEARLY RISE OF NEARLY 2300 POINTS FROM JAN LOWS TILL NOV HIGHS HAST TO SEE A HEALTHY CORRECTION. SO SWING SHORTERS CAN BOLDLY HOLD THE SHORTS WITH STOP LOSS ABOVE SWING HIGHS OF 10409 SPOT AND RIDE THE DOWNSWING OF DECEMBER. A RISE ABOVE 10409 SPOT AGAIN WILL SEE MEGA BUYING ACTION AGAIN TO SKIP THE OLD HIGHS OF 10490 TOWARDS 12400 NIFTY LEVELS IN 2018.

IF ONE LOOKS AT THE CHARTS THROUGH THE YEARS BACK, ONE WILL NOTICE THAT NOV & DEC MONTHS WERE NEGATIVE MONTHS IN 2016, NEGATIVE DECEMBER IN 2015,2014, FLAT IN 2012, NEGATIVE IN 2011. DECEMBERS OF 2010 & 2013 WERE POSITIVE BUT THEN THE FOLLOWING JANUARYS OF BOTH 2011 & 2014 WERE HIGHLY NEGATIVE MONTHS. SO, EXPECT A GOOD & HEALTHY CORRECTION IN DECEMBER 2017 TO BE FOLLOWED BY A  VERY GOOD BUDGET RALLY IN JAN 2018.

FOR INTRADAY TRADING IN NIFTY FUTURES ON MONDAY, NIFTY FUTURES CAN SHOW SOME RISE INITIALLY BUT ONLY TO MEET WITH MASSIVE SHORTING AS IT MOVES HIGHER. APPROACHES TOWARDS THE CRITICAL 10270 FUTURES & 10234 SPOT ON ANY DAY ANY SESSION  WILL MEET WITH MONSTER SHORTING FORCE WITH STOP LOSS ABOVE THESE CRITICAL LEVELS TO GO LONG IF A 30 MINUTE CANDLE CLOSES ABOVE THESE LEVELS.. HENCE FORTH SHORT ON RISE MAY BE FAVORABLE TRADES TILL NIFTY RISES TO CLOSE A 30 MINUTE CANDLE ABOVE 10270 FUTURES & 10234 SPOT FOR LOWER LEVELS OF 10000 SPOT OR LOWER LEVELS, TO AT LEAST RESPECT THE FIBO 61.8 % RETRACEMENT LEVEL OF 9996 SPOT. 

MARKETS FOR FRIDAY O1 DEC AS EXPECTED, NIFTY CRASHED AND LOOKS HIGHLY OVERSOLD & READY FOR A BOUNCE. HOWEVER A RISE TO BREACH AND STAY ABOVE 10313 SPOT CAN SEE MEGA SHORT COVERING THAT MAY PROPEL NIFTY TOWARDS MUCH HIGHER LEVELS. THE LOW MADE ON THIS EXPIRY DAY AROUND 10211 SPOT IS ON THE FIBO 61.8% COUNTED FROM 15TH NOV SWING LOWS OF 10094 SPOT TILL 28TH NOV SWING HIGHS OF 10409 SPOT. SO, EXPECT A BOUNCE BUT THE BOUNCE MAY MEET WITH SELLING PRESSURE IN CASE NIFTY FAILS TO RISE AND CLOSE A 30 MINUTE CANDLE ABOVE 10313 SPOT. BE ABSOLUTELY SURE SOME DAYS LATER DECEMBER MONTH WILL MAKE A MUCH HIGHER HIGH THAN 6TH NOVEMBER HIGHS OF 10490 SPOT.

FOR FRIDAY’S TRADING, EVEN A RISE TO STAY ABOVE 10250 SPOT CAN SEE SOME RISE  IN NIFTY BUT A RISE TO BREACH & STAY ABOVE 10313 SPOT IS IMPORTANT ON ANY DAY ANY SESSION  FOR THE  BULLS TO THINK OF A NEW HIGH IN DECEMBER.IN CASE OF A FALL, EXPECT STRONG SUPPORT AROUND 10200 SPOT LEVELS BREACH OF WHICH CAN SEE BIGGER FALLS THAT SHOULD INVITE SHORTERS TO ADD MORE SHORTS FOR LOWER NIFTY LEVELS TOWARDS 20170 TO 20166 SPOT. BETTER TO BE AN OBSERVER FOR ANOTHER DAY ON FRIDAY TO HAVE A PEACEFUL WEEKEND IN ORDER TO START FRESH WITH FULL VIGOR FROM MONDAY. YOU ALL SAW WHAT OPERATORS DID ON THURSDAY, NOW BE READY TO SEE SOME OPPOSITE ACTION BY THE OPERATORS ON FRIDAY.

MARKETS FOR THURSDAY 30 NOV EXPIRY DAY, SO NO TRADE IS BEST TRADE. IF AT ALL ONE HAS TO TRADE THEN WAIT & LOOK FOR OPERATOR DRIVEN DECLINES  TOWARDS OR BELOW WEDNESDAY’S LOWS OF 10340 TO BUY DECEMBER FUTURES ADD MORE DECEMBER FUTURES IF OPERATORS PULL NIFTY FURTHER DOWN TO HAVE THE EXPIRY CLOSING NEAR 10300. BETTER TO RELAX TILL 1 PM TO INITIATE FRESH TRADES AFTER 1 P.M. IN DECEMBER FUTURES AND OPTIONS OR DO NOT TRADE AT ALL AND START FRESH FROM MONDAY. ON THURSDAY NASTY ACTIONS BY SGX MANIPULATORS WILL SEE A WEAK START FOR NIFTY TO BE PULLED DOWN FURTHER BY OPERATORS AFTER WEAK OPEN.

MARKETS FOR   WED 29 NOV NIFTY MADE A HIGHER HIGH, HIGHER LOW BUT A LOWER CLOSING. EXPECT THE PRICE ACTION OF MONDAY AND TUESDAY TO BE REPEATED ON WEDNESDAY ALSO.  SGX MANIPULATORS WILL TRY TO HAVE A NEGATIVE OR FLAT OPENING FOR NIFTY FOLLOWED BY OPERATORS TRYING TO PULL NIFTY DOWN INITIALLY BELOW  TUESDAY’S LOWS  TOWARDS MONDAY’S LOWS OF 10340 TO 10350 SPOT. A FAILURE ON PART OF NIFTY SPOT TO RISE AND STAY ABOVE 10393 IS A SIGN OF WEAKNESS TO TRADE SHORT & BREACHING AND STAYING ABOVE 10393 SPOT IS A SIGN OF STRENGTH TO TRADE LONG  TOWARDS TUESDAYS HIGHS.

AFTER A RISE, A FAILURE TO BREACH AND STAY ABOVE 10393 CAN BE SHORTED  AND MORE SHORTS BE ADDED IN CASE NIFTY LEVEL OF 10350 TO 10340  DOES NOT HOLD . BEST TRADE FOR WEDNESDAY WOULD BE TO USE RISES TOWARDS 10393 TO WRITE 10500 OR 10400 CALLS AND AS NIFTY FALLS TOWARDS 10350 TO 10340 BOOK PROFIT ON SHORTED CALLS AND SHORT 10300 PUTS TO BOOK PROFIT ON THESE ONCE NIFTY MOVES UP TO BREACH 10393 FOLLOWED BY RETEST OF TUESDAYS HIGHS OF 10410 SPOT & 10428 FUTURES.

SO, USE RISE TOWARDS TUESDAYS HIGHS TO TRADE SHORT ON FUTURES AND TOWARDS TUESDAY’S OR MONDAY’S LOWS TO TRADE LONG ON FUTURES. SGX NIFTY WHICH NOW IS NEAR 25 POINTS POSITIVE WILL BE PULLED DOWN IN THE MORNING TO SHOW FLAT OR EVEN NEGATIVE TO INDUCE A NEGATIVE OPENING FOR INDIAN MARKETS..

MARKETS FOR    TUESDAY 28 NOV THE WAY NIFTY RECOVERED AFTER THE HIGHLY MANIPULATED SGX NIFTY INDUCED FALL IN INITIAL HOURS OF MONDAY IS A CLEAR INDICATION OF STRENGTH IN INDIAN MARKETS AFTER THE BREAKOUT MOVE OF FRIDAY. BE SURE SGX MANIPULATORS WILL AGAIN PLAY THE SAME DIRTY GAME ON TUESDAY  BEFORE START SAME WAY THEY PLAYED ON  MONDAY AND THE SOLUTION TO IT IS, WAIT FOR DECLINES TO BUY BY SEEING A REVERSAL CANDLE, INSTEAD OF JUMPING TO BUY IMMEDIATELY AFTER START & THEN AVERAGING THE FALLS.

NIFTY  LEVELS OF 10340 SPOT IS A VERY STRONG SUPPORT NOW AND EVERY INTRADAY DECLINE TOWARDS IT SHOULD BE USED TO BOLDLY BUY LIKE WAS DONE ON MONDAY FOR VERY GOOD INTRADAY GAINS. SWING LONG HOLDERS FROM LAST WEEK MAY SHIFT THEIR STOP LOSSES TO 23RD NOV LOWS OF 10307 SPOT ON A DAILY CLOSING BASIS AND HOLD LONGS FOR GOOD GAINS ON THE UP SIDE. MARKETS ARE HIGHLY BULLISH AND IF IT WAS NOT THE EXPIRY WEEK THEN NIFTY WOULD HAVE ALREADY MADE A NEW LIFE TIME HIGH BY MONDAY CLOSE. BOLDLY GO LONG, HOLD LONGS AND USE RISES TO WRITE 10500 OR HIGHER  CALLS TO POCKET THE HEFTY PREMIUM ON THESE CALLS BY HOLDING ON TO THE LONG FUTURES. ON DECLINES ,

MARKETS FOR    MONDAY 27 NOV NIFTY CLOSED THE WEEK AROUND 10390 SPOT & 10410 FUTURES HIGHER THAN THE HIGHS OF ITS PREVIOUS WEEKENDING  17TH NOV WHICH WAS A WEEKLY HAMMER FROM SWING LOWS OF 10094 SPOT & 10125 FUTURES. LAST WEEK ENDING 24TH NOV, NIFTY CLOSED ABOVE THE HIGHS OF LOW MAKING WEEKLY HAMMER OF 17TH NOV IS A HIGHLY BULLISH SIGNAL TECHNICALLY WHICH MUST BE FULLY USED TO BOLDLY BUY DECLINES IF AT ALL IT COMES.

NIFTY AFTER MAKING HIGHS OF 10343 ON 17TH NOV WITH A DOJI, WENT ON A CONSOLIDATION PHASE  TILL 23RD NOV WITH 2 MORE HAMMER HIGHS AROUND  10369 OF 22ND NOV & AROUND 10374 OF 23RD NOV. THE GAP UP BREAKOUT MOVE OF FRIDAY 24TH NOV TO MAKE A DAY HIGH OF 10404 SPOT  & TO CLOSE THE FRIDAY AT 10390 HIGH ABOVE THE PREVIOUS 3 DAYS CANDLES IS AGAIN A HIGHLY BULLISH SIGNAL FOR NEW LIFE TIME HIGHS THIS WEEK ITSELF, SUGGESTING TRADERS TO USE PAUSE OR DECLINES TO BOLDLY BUY AND HOLD WITHOUT BOTHERING FOR  S&P’S STATUS QUO ON INDIAN ECONOMY  WHICH HAD TO COME AFTER THE MORE RELIABLE & WORLD OVER ACKNOWLEDGED MOODY’S UPGRADE LAST WEEK.

FOR INTRADAY TRADING ON MONDAY, FOCUS ON TECHNICAL INDICATIONS  AND USE PAUSES OR DECLINES TO TRADE LONG. NIFTY FUTURES AS LONG AS DOES NOT BREACH BUT MORE IMPORTANTLY DOES NOT CLOSE A 30 MINUTE CANDLE BELOW 10376 SPOT & 10390 FUTURES EVERY MINOR DECLINE IS A BUY WITH STOP LOSS BELOW 10366 SPOT & 10370 FUTURES FOR INTRADAY SHORTING TRADE THERE AFTER IF A 30 MINUTE CANDLE CLOSES BELOW THESE LEVELS. AFTER A SLIDE, A RISE TO BREACH AND STAY ABOVE 10406 FUTURES IS A BULLISH SIGNAL FOR INTRADAY TRADERS & A FOLLOW OF RISE INITIALLY OR AFTER A SLIDE TO BREACH & STAY ABOVE 10440 FUTURES IS A SOLID SIGNAL TO ADD MORE LONGS  TO SEE MUCH HIGHER LEVELS TOWARDS 10460 , 10470 OR EVEN HIGHER FUTURE LEVELS.

TECHNICALS  AS CAN BE CLEARLY SEEN IN THE DAILY & WEEKLY CANDLES OF NIFTY & ITS FUTURES, DEFINITELY INDICATE BULLISHNESS WHICH CAN GET ACCELERATED ON FOLLOW UP FUND FLOWS. SO, USE DECLINES OR PAUSES TO TRADE LONG FOR VERY GOOD GAINS.IN CASE ONE FINDS THE MARKETS BEING PULLED DOWN INITIALLY, THEN SAFE TRADERS SHOULD WAIT FOR SECOND HALF AFTER 1.30 PM OR ON FORMATION OF A REVERSAL GREEN CANDLE CLOSING ABOVE B B LOWS, HAVING PIERCED THE BOLLINGER BAND LOWS EARLIER IN ORDER TO TRADE LONG INSTEAD OF BUYING THE FALLS AND CHASING THE FALL BY AVERAGING TIME & AGAIN.

MARKETS FOR FRIDAY 24 NOV NIFTY HAS BEEN CONTINUOUSLY MAKING HIGHER HIGHS, LOWER LOWS AND HIGHER CLOSINGS FOR LAST 3 TRADING DAYS. THIS IS A CONSOLIDATION PATTERN AFTER THE BIG RISE FROM 15TH NOVEMBER LOWS OF 10094 SPOT. WHATEVER HAPPENS TO NIFTY  DURING THE FIRST FEW MINUTES , AFTER SOME TIME REVERSE WILL HAPPEN. AN INITIAL RISE TOWARDS PREVIOUS DAYS HIGHS WILL SEE A FALL TOWARDS PREVIOUS DAY’S LOWS  TO RISE AGAIN TO CLOSE NEAR PREVIOUS DAY’S CLOSINGS. SO, INTRADAY TRADERS ARE HAVING GREAT DAYS NOW.OR IT CAN BE INITIAL FALL TO RISE TOWARDS PREVIOUS DAY’S HIGHS.

FOR FRIDAY, EXPECT A FLAT TO BULLISH OPENING TO REACH OR BREACH THURSDAY’S HIGHS TO AGAIN FALL AFTER THAT TOWARDS THURSDAY’S LOWS. IN CASE OF INITIAL RISE, A BREACH OF THURSDAYS HIGHS OF 10389 TO 10392 FUTURE ZONE CAN SEE MUCH HIGHER LEVELS IF IT SUSTAINS ABOVE THIS ZONE. A FAILURE TO SUSTAIN ABOVE THIS ZONE  MAY SEE A SLIDE  AND IF NIFTY FUTURES SLIDES BELOW 10350 TO 10345  ZONE, THEN IT CAN TURN WEAK FOR FURTHER FALLS TOWARDS THURSDAYS LOWS OF 10315 TO 10310 TO SEE SOLID BUYING ACTION TO PROPEL NIFTY FUTURES HIGHER AGAIN.

 LOOK FOR DECLINES TO BUY FOR GOOD INTRADAY GAINS OR SELL ON BREACH OF OR A FAILURE TO TO BREACH OR FAILING TO SUSTAIN ABOVE  PREVIOUS DAY’S HIGHS. THIS  WEEK WAS A PAUSE WEEK, SO EXPECT A GOOD BREAKOUT NEXT WEEK IF THE BREAKOUT  DOES NOT HAPPEN ON FRIDAY.

MARKETS FOR THURSDAY 23 NOV NIFTY TOOK A PAUSE ON WEDNESDAY IN THE FORM OF A PERFECT DOJI OUT SIDE CANDLE TO ANOTHER DOJI  7 NR OF TUESDAY. AFTER THE RISE FROM  15TH NOV LOWS OF 10094 SPOT LEVELS AND RISING TILL WEDNESDAYS HIGHS OF 10368 SPOT TO CLOSE AS A DOJI OUT SIDE CANDLE  TO ANOTHER DOJI 7TH NR OF TUESDAY IS A VERY STRONG INDICATION  FOR BIG RISE IN NEXT FEW SESSIONS AFTER THE PAUSE GETS OVER.

TO MAINTAIN THE BULLISH MOMENTUM, NIFTY SHOULD NOT FALL & STAY BELOW WEDNESDAY’S LOWS OF 10309 SPOT & 10321 FUTURES & MORE IMPORTANTLY SHOULD NOT CLOSE A DAILY CANDLE BELOW IT, EVEN TOUGH  20 NOVEMBER  GREEN HAMMER LOWS OF 10260 SPOT RIGHT ABOVE 21 DAY EMA HOLDS THE STRONGEST SUPPORT BELOW WHICH SWING LONG HOLDERS MAY QUIT LONGS AND TRADE SHORT.

ON WEDNESDAY NIFTY MADE A LOW AT THE 20 DMA AROUND 10310 SPOT AND BOUNCED FROM IT. IN CASE OF A GAP UP OR RISE ON THURSDAY,  BE SURE NIFTY WILL BE PULLED DOWN  WHICH MUST BE USED TO BUY FOR GOOD INTRADAY GAINS WITH STOP LOSS BELOW 10330 SPOT (10343 FUTURES)BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS. SGX WHICH IS 20+ NOW ON TUESDAY NIGHT WILL BE NEGATIVE OR FLAT ON WEDNESDAY MORNING.

 A BREACH AND CLOSURE OF A 30 MINUTE CANDLE BELOW 10330 SPOT & 10343 TO 10337  FUTURES ZONE  WILL SEE NIFTY SLIDING TO RETEST WEDNESDAYS LOWS AROUND 10320 TO 10310 SPOT ZONE & 10321 FUTURES OR EVEN 10300 FUTURES BEFORE BOUNCING UP AGAIN. IN CASE OF A OPENING GAP UP, A FAILURE ON PART OF NIFTY SPOT TO BREACH AND STAY ABOVE 10366 SPOT OR 10383 FUTURES CAN BE USED TO TRADE SHORT WITH A STOP LOSS ABOVE THESE LEVELS .

SIMILARLY AFTER THE INITIAL RISE, A FAILURE TO BREACH AND STAY ABOVE 10383 FUTURES & THEN  A SLIDE TO BREACH AND STAY BELOW 10353 FUTURES IS THE FIRST SIGN OF WEAKNESS FOR LOWER LEVELS. MORE WEAKNESS CAN BE SEEN BELOW MONDAY’S LOWS OF 10337 FUTURES. BEST IS TO LOOK FOR INTRADAY DECLINES LIKE TUESDAY TO BOLDLY TRADE LONG & ADD ON FURTHER DECLINES TOWARDS 10300 FUTURES  FOR GOOD INTRADAY GAINS.

MARKETS FOR  WED 22 NOV NIFTY ALTHOUGH BREACHED FRIDAY’S HIGH OF 10343 SPOT TO MAKE A HIGH OF 10358, FELL TOWARDS END OF DAY TO CLOSE AT  10319 SPOT WHICH ALTHOUGH STILL LOOKS BULLISH TOWARDS NEW LIFE TIME HIGHS , IT MAY TAKE A PAUSE BEFORE RESUMING THE BULL RUN. THIS PAUSE IF AT ALL COMES ON WEDNESDAY SHOULD BE USED TO BUY.

AS LONG AS A 30 MINUTE CANDLE DOES NOT CLOSE BELOW 10260 SPOT, EVERY PAUSE OR SLIDE TOWARDS IT IS A BUY. HOWEVER IF NIFTY FALLS & BREACHES 10260 SPOT & MORE IMPORTANTLY CLOSES A 30 MINUTE CANDLE BELOW 10260 THEN ONE MAY TRADE SHORT, AS IT WILL TRIGGER THE NECK LINE OF A DOUBLE HEAD MADE  WITH HIGHS OF  17TH NOV AT 10343 SPOT & HIGHS OF TUESDAY 21ST NOV AT 10358 SPOT.

FOR INTRADAY TRADING ON WEDNESDAY,  A SLIDE BELOW 10333 TO 10328 FUTURES WILL BE THE INITIAL SIGN OF WEAKNESS TO TRADE SHORT. A CLOSER OF A 30 MINUTE CANDLE BELOW THIS CRITICAL ZONE WILL SEE BIGGER FALLS TOWARDS 10300 OR BELOW IT FOR GOOD INTRADAY BUYING ACTION AGAIN.

A RISE TO BREACH AND STAY ABOVE 10377 FUTURES IS A BULLISH SIGNAL TO TRADE LONG FOR GOOD INTRADAY GAINS TOWARDS TUESDAY’S HIGHS OF 10389  FOLLOWED BY EVEN 10400 TO 10410 FUTURE OR EVEN HIGHER LEVELS. BETTER TO WAIT FOR R  A FEW HOURS OF INACTIVITY THEN A PAUSE OR FALL TOWARDS OR BELOW TUESDAY’S LOWS TO BUY AND THEN ADD NEAR 10300 FUTURES OR LOWER LEVELS IF AT ALL NIFTY FUTURE GOES TOWARDS THESE LEVELS. MARKETS ARE UNDOUBTEDLY BULLISH TO HELP BUYERS ON PAUSE OR DECLINES

MARKETS FOR  TUESDAY 21 NOV NIFTY COULD NOT BREACH THE CRITICAL LEVEL OF 10310 SPOT AS WAS GIVEN BELOW YESTERDAY AND FELL FROM 10309 SPOT TO MAKE A LOW OF 10261 SPOT TO FINALLY RISE  TOWARDS THE DAY END TO CLOSE AT 10296 SPPOT IN THE FORM OF A 7TH NR GREEN HAMMER . THIS TYPE OF PAUSE IS A HIGHLY BULLISH SIGNAL AND A CLOSE ABOVE MONDAY’S 7TH NR GREEN HAMMER HIGH OF 10310 SPOT CAN SEE MASSIVE SHORT COVERING TOWARDS MUCH HIGHER LEVELS. SIMILARLY A SLIDE TO BREACH AND MORE IMPORTANTLY CLOSE A DAY BELOW MONDAY’S 7TH NR HAMMER LOW OF 10260 SPOT CAN SEE LOWER LEVELS TO COVER THE GAP BETWEEN THURSDAY & FRIDAY.

FOR TUESDAY’S INTRADAY TRADING, EVEN THE BREACH OF 10290 SPOT TO CLOSE A 30 MINUTE CANDLE BELOW IT CAN WEAKEN NIFTY CONSIDERABLY FOR SOME LOWER LEVELS BEFORE BOUNCING AGAIN. A RISE TO BREACH AND CLOSE EVEN OF A 30 MINUTE CANDLE ABOVE 10310 SPOT CAN SEE MUCH HIGHER LEVELS. A FAILURE TO BREACH 10310 SPOT TO CLOSE A CANDLE ABOVE IT CAN BE USED TO TRADE INTRADAY SHORTS ON RISE TOWARDS 10310 SPOT WITH STOP LOSS ABOVE 10323 SPOT. BREACHING AND STAYING ABOVE 10323 SPOT CAN SEE MUCH HIGHER LEVELS TOWARDS FRIDAY’S HIGHS OF 10343 SPOT OR EVEN 10360 SPOT LEVELS. LOOK FOR DECLINES TO BUY FOR GOOD INTRADAY GAINS. INTERESTINGLY, SGX MANIPULATORS WILL KEEP SGX NIFTY DOWN OR FLAT IN THE MORNING  FOR 7 OUT OF 10 TRADING  DAYS.

MARKETS FOR  MONDAY 20 NOV NIFTY ON FRIDAY, CLOSED THE WEEK AT 10283 SPOT & 10308 FUTURES ABOVE ITS PREVIOUS WEEK’S LOWS THUS GENERATED SOME HOPES FOR A BULLISH COMING WEEK. THE WEEKLY CANDLE WAS IN THE FORM OF A RED HAMMER THAT ALSO GENERATES HOPES FOR A BETTER COMING WEEK WHICH MAY SEE FOLLOW UP BUYING BY THE BIG PLAYERS.

IN THE DAILY CHARTS, THE INDICATORS CLEARLY SUGGEST BOTTOM FORMATION  AT 15TH NOV LOWS OF 10094 SPOT AND HENCEFORTH ALL PAUSES OR FRIDAY END SESSION TYPE PROFIT BOOKING SLIDES WILL SEE BIGGER BUYS AS LONG AS SPOT NIFTY DOES NOT SLIDE AND MORE IMPORTANTLY CLOSES A 30  MINUTE CANDLE BELOW 10250. IF THAT  HAPPENS THEN ONE CAN QUIT LONGS AND ENTER SHORTS AGAIN.

ON FRIDAY MOODY’S RATING BASED NEWS LIFTED THE NIFTY TOWARDS EARLIER GIVEN 61.8% RETRACEMENT LEVEL OF  10338 SPOT( ACTUALLY SPOT NIFTY WENT UP TILL 10343 SPOT) BUT COULD NOT SUSTAIN ABOVE IT AND FELL TO A DAY LOW OF 10268 ABOVE THE 50% RETRACEMENT LEVEL OF 10245. ON MONDAY EVEN A 30 MINUTE CANDLE CLOSE BELOW 10265 to 10255 SPOT zone WILL MAKE IT WEAK FOR FURTHER SLIDES TO MOVE UP AGAIN LATER.

A RISE ON MONDAY TO BREACH AND STAY ABOVE 10310 SPOT CAN SEE HIGHER LEVELS TOWARDS FRIDAY’S LEVEL OF 10343 OR EVEN HIGHER. SO ONE SHOULD LOOK FOR PAUSE OR DECLINES TO BOLDLY BUY AND HOLD WITH THE ABOVE GIVEN STOP LOSSES IN PLACE TO REVERSE AND TRADE SHORT. MARKETS LOOKS BULLISH FOR MAKING NEW LIFE TIME HIGHS ABOVE 6TH NOVEMBER HIGHS OF 10490 SPOT IN NEXT FEW DAYS, SO USE PAUSES OR MILD DECLINES TO BUY AND HOLD. BUY AND HOLD STOCKS WHICH HAD RECENTLY DECLARED GOOD RESULTS BUT REMAINED SLUGGISH DURING LAST TWO TO 3 DAYS. USE EVERY DECLINE IN RELIANCE INDUSTRIES  TO BOLDLY BUY AND HOLD.

MARKETS FOR  FRIDAY 17 NOV AS EXPECTED, NIFTY SHOWED STRENGTH AFTER 8 CONSECUTIVE DAYS OF LOWER HIGHS & LOWER LOWS. FROM 6TH NOV LIFE TIME HIGHS OF 10490 SPOT(10530 FUTURES) TILL 15TH NOV LOWS OF 10094 SPOT(10125 FUTURES), A TOTAL FALL OF 396 POINTS IN SPOT NIFTY & 405 POINTS IN FUTURE NIFTY, NIFTY CAN SHOW STAGES OF RETRACEMENTS TO FIRSTLY 38.2% TILL 10245 SPOT(10279 FUTURES). 50% RETRACEMENT TILL 10292 SPOT(10327 FUTURES) AND 61.8% RETRACEMENT TILL 10338 SPOT(10375 FUTURE) LEVELS.

FOR INTRADAY TRADING ON FRIDAY,  NIFTY REMAINS STRONG AS LONG AS IT DOES NOT FALL BELOW 10219 SPOT & 10227 FUTURES. A FALL AND MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE BELOW THESE LEVELS CAN SEE BIGGER FALLS AND TRADERS CAN FORGET THE LONGS AND START SHORTING AGAIN. A FOLLOW UP RISE ON FRIDAY TO BREACH AND STAY ABOVE 10240 SPOT & 10288 FUTURES CAN SEE BIGGER UP MOVES AND TRADERS STILL HOLDING SHORTS SHOULD COVER THEIR SHORTS FOR MUCH HIGHER LEVELS.

LAST WEEK ENDING 10TH NOV HAD SEEN NIFTY SPOT MAKING A WEEKLY LOW OF 10254(10284 FUTURES). SO THIS WEEKENDING FRIDAY 17TH  NOV SHOULD SEE NIFTY CLOSING ABOVE 10254 SPOT & 10284 FUTURES IN ORDER TO RESUME THE BULL RUN NEXT WEEK. A CLOSE BELOW LAST WEEKS LOW OF 10254 SPOT & 10284 FUTURES CAN SEE THE SLIDE RESUMING AGAIN NEXT WEEK AFTER A DAY OR TWO OF PAUSE OR RISE. ON THURSDAY 16TH NOV NIFTY CLOSED ABOVE THE CRITICAL 34 DAY EMA AFTER BREACHING &  BOUNCING FROM  50 DAY EMA ON WEDNESDAY. THIS COUPLED WITH  CLOSURE OF NIFTY ON THURSDAY AT THE HIGHEST POINT  OF THE DAY IS CERTAINLY A BULLISH SIGNAL  TECHNICALLY BUT NEEDS FOLLOW UP ACTION ON FRIDAY IN ORDER TO REMAIN BULLISH  NEXT WEEK. ON FRIDAY IT IS WORTH TAKING RISK AND GOING LONG ON EVERY MINOR DECLINE AS  WAS DONE ON THURSDAY.

MARKETS FOR  THURSDAY 16 NOV NIFTY CONTINUED  WITH ITS SLIDE AND MADE IT THE FIBONACCI 8TH CONSECUTIVE DAYS OF LOWER HIGHS AND LOWER LOWS. IT ALSO TESTED & BREACHED THE 50 DMA NEAR 10120 SPOT & 10140 FUTURES BUT MANAGED TO CLOSE JUST ABOVE IT TO GENERATE FALSE HOPES FOR THE BULLS. THE LOW MADE AT 10094 WAS VERY NEAR TO 10088 WHICH IS  THE 50% RETRACEMENT LEVEL FROM 28TH SEPT LOWS OF 9687 TILL 6TH NOV LIFE TIME HIGHS OF 10490. GENERALLY ONE SHOULD EXPECT SOME RETRACEMENT RISE FROM THESE LEVELS FAILING WHICH FIBO 61.8% LEVELS AROUND 9993 SPOT NIFTY LEVELS CAN BE EXPECTED WHICH IS AROUND 133 POINTS FROM WEDNESDAY’S CLOSING LEVEL OF 10126 SPOT.

 SWING SHORTERS  STILL HOLDING HALF OF THEIR SHORTS AFTER BOOKING PROFIT IN HALF ON WEDNESDAY CAN NOW SHIFT THEIR STOP LOSSES TOWARDS WEDNESDAYS HIGHS OF 10175 SPOT TO QUIT IN CASE NIFTY BREACHES & CLOSES ABOVE IT. TILL THIS HAPPENS RIDE THE SLIDE TOWARDS 61.8% RETRACEMENT LEVELS OF 9993 SPOT. USE BIG DECLINES LIKE THURSDAYS TO REDUCE SHORTS BUT WRITE HIGHER CALLS OF 10300 ON INTRADAY RISE.

FOR INTRADAY TRADING ON THURSDAY, IF YOU EXPECT MARKETS TO RISE AND TRADE AS PER IT  THEN OPERATORS WILL FORCE YOU TO BE DISAPPOINTED. SO LOOK FOR DECLINES TOWARDS OR BELOW 10100 FUTURES TO DO MILD BUYING IN LIMITED LOTS BUT WITH IT USE INTRADAY RISES TO BOLDLY SHORT 10300 CALLS. CLOSE YOUR EYES AND TRADE SHORT IN CASE NIFTY FUTURES FALLS BELOW 10133 INITIALLY FOLLOWED BY SLIDE BELOW 10117.

AFTER A FALL A RISE TO BREACH AND STAY ABOVE 10167 IS A MILD BULLISH INDICATION THAT WILL PROMPT THE SHORTERS TO COVER SOME SHORTS. HOWEVER REAL STRENGTH WILL BE SEEN ONLY IF NIFTY FUTURES BREACHES AND STAYS ABOVE 10188 THAT MAY SEE FUTURES MOVING HIGHER TO RETEST WEDNESDAY’S HIGHS OF 10207 FOLLOWED BY 10220 OR HIGHER FUTURE LEVELS.

MARKETS FOR  WED 15 NOV NIFTY AS WAS MENTIONED CONTINUED WITH THE FALL AND MADE 7TH   CONSECUTIVE DAYS OF LOWER HIGHS AND LOWER LOWS. BUT THE FORCE BEHIND SHORTING ACTION SEEMS TO BE PETERING OUT AND THERE IS NO REAL FORCE BEHIND THE BEARS TO ENFORCE GENUINE BEARISHNESS. IN VIEW OF THE ABOVE IT WOULD BE WISER FOR SHORT  POSITION HOLDERS TO USE THE HALF DEAD SLIDE ON WEDNESDAY’S GAP DOWN OR WEAK OPENING ORCHESTRATED BY SGX MANIPULATORS TO BOOK PROFIT  AT LEAST ON HALF OF THEIR SHORTS AND WAIT FOR DAY END OR  THURSDAY FOR SOME GOOD BUYING ACTION.

TRADERS WITH LESSER PATIENCE MAY EVEN START SOME WELL HEDGED BUYING ACTION FROM WEDNESDAY GAP DOWN. THIS FALL SEEMS TO BE ONE OF THOSE ROUTINE FALLS ONE HAD NOTICED DURING NOVEMBERS OF 2016 & 2015 . 2016 HAD A SOLID REASON LIKE “DEMONETIZATION”  & REALLY BAD QUARTERLY RESULTS FOR THE FALL, BUT THE PRESENT FALL OF NOV 2017 HAS NO REASON BEHIND IT & MAY SHOW A SHARP BOUNCE BACK SHORTLY. FOR WEDNESDAY, BE ABSOLUTELY SURE TO SEE WELL COORDINATED ACTION BY SGX MANIPULATORS MAY PULL NIFTY DOWN AT THE START. HOWEVER, SWING SHORTS HOLDERS  MAY BRING DOWN THEIR STOP LOSS TOWARDS 10230 SPOT & 10278 FUTURES  ON A 30 MINUTE OR DAILY CLOSING BASIS TO QUIT ALL SHORTS.

EARLIER DOUBLE HEAD SWING HIGHS OF  10178 SPOT OF 19TH SEPTEMBER 2017 MAY BECOME A STRONG CLOSING SUPPORT THIS TIME WHICH AFTER BEING BREACHED MAY SHOW A GOOD BOUNCE BACK. HOWEVER SPOT NIFTY NEEDS TO STAY ABOVE IMPORTANT SUPPORT OF 10160 IN ORDER TO SHOW A GOOD BOUNCE. IN CASE 10160 SPOT DOES NOT HOLD THEN NIFTY CAN FALL FURTHER TOWARDS 10150 OR 10130 SPOT LEVELS TO KISS THE 50 DMA BEFORE GETTING KICKED SKYWARDS TO RESUME THE BULL RUN. MOST LIKELY NIFTY SHOULD BOUNCE FROM AROUND EARLIER 19TH SEPT  SWING HIGH OF 10178 OR 10160. IN ANY CASE SHORT POSITION HOLDERS SHOULD BOOK PROFIT  ON HALF OF THEIR SHORTS ON SLIDE OF NIFTY SPOT TOWARDS THESE LEVELS. NOW IT WISER FOR SHORTERS  TO USE RISE TO WRITE 10400 OR HIGHER CALLS IN HEAVY AMOUNT ALONG WITH MILD BUYING ACTION IN CASE OF A GOOD FALL.

NIFTY IN CASE OF A RISE HAS TO MOVE UP, BREACH AND MORE IMPORTANTLY STAY ABOVE 10230 SPOT (10278 FUTURES) TO CLOSE A 30 MINUTE CANDLE ABOVE IT TO QUIETLY PROMPT THE SWING SHORTERS TO QUIT WHATEVER SHORTS & PUTS THEY HAVE TO START LIMITED BUYING ACTION IN FUTURES ALTHOUGH A RISE TO BREACH AND STAY ABOVE 10210 SPOT & 10255 FUTURES MAY SEE INITIAL BOUT OF SHORT COVERING. SO, FOR WEDNESDAY’S TRADING LOOK FOR SGX MANIPULATORS ACTION OF PULLING DOWN NIFTY AT THE OPEN TO START BOOKING PROFIT GRADUALLY DOWNWARDS ON CARRIED SHORTS POSITIONS  AS THESE MANIPULATORS WILL ENSURE THAT NIFTY REMAINS NEGATIVE ON WEDNESDAY ALSO.

RELIANCE WHICH HAD MOVED UP ON TUESDAY WILL BE PULLED DOWN ON WEDNESDAY ON ITS EVERY RISE TOWARDS OR ABOVE 900 TO ENSURE THAT NIFTY REMAINS SUBDUED. IF AT ALL NIFTY FALLS IT WILL BE DUE THE NASTY ACTION OF DOW & SGX OPERATORS  AS THERE IS NO INTERNAL REASON FOR INDIAN MARKETS TO FALL ANY MORE. LONG TERM INVESTORS  SHOULD START BUYING RELIANCE ON EVERY FALL TOWARDS THIS WEEK’S LOWS  FOR EXCELLENT GAINS IN THE MEDIUM TO LONG TERM. THE RECENT FALL IN THE MARKETS MAY BE THE FEAR THAT BJP MAY LOSE ELECTIONS IN GUJRAT, BUT BE ABSOLUTELY SURE THAT BJP WILL AGAIN  HANDSOMELY WIN THE ASSEMBLY ELECTIONS IN GUJRAT

 

MARKETS FOR  TUESDAY 14 NOV AS WAS MENTIONED  DURING THE WEEKEND, NIFTY CONTINUED WITH ITS WEAKNESS & THIS WILL CONTINUE TILL SUCH TIME  SPOT NIFTY DOES NOT RISE TO CLOSE AT LEAST A 30 MINUTE CANDLE CLOSES ABOVE 10333 TO 10344 ZONE. KEEPING THIS ZONE AS STOP LOSS , ALL SWING TRADERS WHO INITIATED SHORTS ON MONDAY SHOULD HOLD THESE SHORTS & MUST AND MUST BRUTALLY SHORT NIFTY, WRITE CALLS OF 10500, 10450 & 10400  ON INTRADAY RISES. ALSO ON  INTRADAY RISE OR EVEN ON PAUSE BUY PUTS OF 10400, 10300 IF ONE CAN NOT SELL FUTURES. ON MONDAY, NIFTY SPOT TESTED 34 DAY EMA NEAR DAY LOW OF 10216 AND CLOSED AT THIS LEVELS. NOW OPERATORS ARE EYEING FOR 50 DMA AROUND 10123 SPOT & 10141 FUTURES WHICH WILL GIVE THE REQUIRED BOUNCE.

BE SURE OPERATORS WILL TAKE NIFTY BELOW 34 DAY EMA NEAR MONDAY’S LOWS TO CLOSE BELOW IT ALSO. SO, SWING TRADERS WHO HAVE INITIATED FRESH SHORTS BELOW 10300 ON MONDAY HOLD THE SHORTS  FORGET ABOUT THE HELD SHORTS AND ADD MORE AND MORE. SPOT NIFTY HAS A VERY STRONG SUPPORT NEAR 23RD OCTOBER DOJI LOWS OF 10123  SPOT & 10141 FUTURES AROUND THE 50 DMA. BE SURE OPERATORS WILL TAKE NIFTY SPOT TOWARDS IT, WHERE ONE CAN BOOK PROFIT ON SWING SHORTS AND PUTS BUT NEVER RELEASE YOUR SHORTED CALLS OF 10500, 10450 & 10400 TILL NIFTY DOES NOT RISE ABOVE 10388 SPOT  LEVELS.

INTRADAY TRADERS SHOULD BE PREPARED TO TRADE BOTH WAYS TAKING ADVANTAGE OF INTRADAY SWINGS FOR QUICK  GAINS. FOR INTRADAY LONG TRADES PLEASE HEDGE POSITIONS BY BUYING PUTS OR SELLING HIGHER CALLS OR APPLY STOP LOSSES. HOWEVER FOR INTRADAY SHORTING TRADES STOP LOSS MAY NOT BE GIVEN. THE DEADLY BEARISH ENGULFING CANDLE OF  7TH NOV HAS SOME MORE DOWN SIDE ALTHOUGH THE REASON FOR THE FALL IS UNKNOWN TO MOST & IS ONLY KNOWN TO MARKET MANIPULATORS. SO, IT IS WISER TO ACT LIKE OPERATORS AND BLINDLY SHORT THE MARKETS WHETHER THERE IS RISE OR NO RISE.

FOR TUESDAY’S INTRADAY TRADING PURPOSE, BE ABSOLUTELY SURE TO SEE SGX MANIPULATORS WHO WILL  ENSURE THAT NIFTY IS KEPT DOWN BEFORE THE START. SO, SHORT TRADERS LOOK FOR SOME RETRACEMENT TO TRADE & ADD SHORTS OR EVEN TRADING SHORT ON A BIG GAP DOWN TO ADD MORE ON RISE IS NOT A BAD IDEA. ALTHOUGH MARKETS ARE HIGHLY OVERSOLD YET LONG TRADERS MUST USE INTRADAY RISE TO DOUBLE SHORT 10400 CALLS AS HEDGE AND ALSO USE INTRADAY RISE TO BOLDLY ADD 10300 PUTS IN ORDER TO SURVIVE THIS OPERATORS’ MENACE.

MARKETS FOR  MONDAY 13 NOV NIFTY HAD A WEEKLY CLOSING AT 10321 SPOT BELOW ITS PREVIOUS WEEKENDING 3RD NOV WEEKLY LOWS OF 10323. THIS IS CERTAINLY A BEARISH SIGNAL AS  PER TECHNICALS  AND WILL BE CONFIRMED ON FOLLOW UP WEAKNESS  FOR NEXT TWO DAYS. IN THE DAILY CHARTS, NIFTY CLOSED AS A DOJI EXACTLY ON THE 20 DMA THAT BRINGS SOME RAY OF HOPES FOR THE BULLS, POSSIBLY OF SOME RETRACEMENT RISE ONLY TO FALL AGAIN IF THIS RETRACEMENT RISE IF AT ALL IT COMES FAILS TO BREACH AND CLOSE ABOVE  10388 SPOT LEVELS. SO, ON ANY DAY , ANY SESSION SHOULD ONE FIND NIFTY RISING , ONE CAN AGAIN TRADE SHORT AS IT MOVES HIGHER  BY HAVING STOP LOSS ABOVE 10388 SPOT   BUT ON  A CLOSING BASIS, CAN BE A 30 MINUTE CANDLE CLOSING OR DAILY CLOSING ABOVE 10388. WITHOUT CLOSING ABOVE 10388 SPOT, MERE BREACH OF 10388 CARRIES NO MEANING FOR THE BULLS.

THE MARKETS ARE HIGHLY MANIPULATED TO TRAP THE RETAIL PARTICIPANTS, SO DO NOT BE ALLURED BY THESE OPERATORS. STOCKS WITH EXCELLENT RESULT HAVE IMMEDIATE CRASH  AND STOCKS WITH POOR RESULTS SEE EXCELLENT GAINS AFTER THE IMMEDIATE SLIDE. JUST SEE HOW MANY BROADCASTING MINUTES HAD BEEN WASTED TO PUBLICIZE EXCELLENT RESULTS OF TATA MOTORS, TATASTEEL, PETRONET, TATA GLOBAL, BIOCON   & MANY OTHER PHARMA STOCKS ETC, BUT ALL THESE WERE DONE TO ALLURE & TRAP INNOCENT & RETAIL PARTICIPANTS ONLY, TO SEE THESE STOCKS CRASHING AFTER EXCELLENT  RESULTS WERE ANNOUNCED LAST WEEK. BE SURE THE MANIPULATIVE SLIDE IN THESE STOCKS WILL CONTINUE. SO, BE EXTREMELY CAUTIOUS BEFORE BLINDLY JUMPING TO BUY THESE STOCKS WITH GOOD RESULTS IN ORDER TO AVOID THROWING AWAY  YOUR HARD EARNED MONEY INTO THE HANDS OF MANIPULATORS.

FOR THE COMING WEEK, A SLIDE AND MORE IMPORTANTLY  A CLOSE BELOW FRIDAY’S DOJI LOWS OF 10254 SPOT SHOULD BE THE GO AHEAD SIGNAL TO ENTER SHORTING MODE AGAIN AFTER  HAVING BOOKED PROFIT ON ALL THE SHORTS  ON FRIDAY NEAR THURSDAY’S LOWS OF 10300 FUTURES. A FALL BELOW 10330 FUTURES IS THE FIRST SIGN OF WEAKNESS TO BE CONFIRMED ON STAYING  BELOW 10325 TO 10320 FUTURES TO GO MEGA SHORTS IN ORDER TO VISIT FRIDAY’S LOWS OF 10285 TO 10275  FUTURE ZONE TO BOOK PROFIT ON SHORTS FOR SOME INTRADAY BUYING ACTION FOR QUICK INTRADAY PROFITS.

IN CASE NIFTY FUTURE MANAGES TO RISE TO BREACH 10370 TO 10380  ZONE TO STAY ABOVE THIS ZONE TO CROSS FRIDAY’S HIGHS OF 10380 FUTURES, THEN ONE CAN SEE GOOD SHORT COVERING RISE  TOWARDS 10400 OR HIGHER LEVELS. SPOT NIFTY HAS TO BREACH AND STAY ABOVE 10388 & FUTURE NIFTY HAS TO STAY ABOVE 10404 & THEN 10434 TO BE BULLISH , OTHERWISE SHORT ON RISE SHOULD  BE THE ONLY AVAILABLE OPTION WITH  INTRADAY AND SHORT TERM TRADERS IN THIS  HIGHLY OPERATOR DRIVEN INDIAN MARKETS. NIFTY FUTURE BUYERS MUST SELL 10500 & 10450 CALLS AS HEDGE TO POCKET THE PREMIUM ON THESE CALLS.

MARKETS FOR  FRIDAY 10 NOV NIFTY HAD A LOWER LOW , LOWER HIGH FOR THE 3RD CONSECUTIVE DAY BUT CLOSED MILDLY BULLISH TO GENERATE FALSE HOPES FOR THE BULLS BY HANGING A CARROT IN FRONT OF THE BULLS. HOWEVER, SWING SHORT HOLDERS CAN USE SGX NIFTY MANIPULATORS’ INDUCED OPENING FALL TO BOOK PROFIT ON THE SHORTS , IF NOT ALL  THE SHORTS, AT LEAST BOOK PROFIT ON HALF THE SHORTS NEAR THE OPENING LOW OR NEAR THURSDAYS LOWS BETWEEN 10313 TO 10300 FUTURES. MANIPULATED LOWER SGX NIFTY COUPLED WITH  WEAK ASIAN MARKETS WILL CERTAINLY SEE A LOWER OPENING FOR NIFTY & SENSEX WHICH IS A PERFECT SET UP FOR THE HARD CORE BEARS TO BOOK PROFIT NEAR OPENING LOW OR NEARER TO THURSDAY’S LOWS.

THERE IS NOTHING WRONG WITH INDIAN MARKETS & IT WAS FALLING WHEN MOST OF THE ASIAN MARKETS & U S MARKETS WERE RISING FOR LAST COUPLE OF DAYS . SO WHEN THEY START TO FALL, THE FOREIGN FUNDS WILL BE SHIFTED TOWARDS INDIAN MARKETS. SO,  BETTER TO BOOK PROFIT ON SHORTS. USE THE OPENING GAP DOWN TO QUIETLY BUY STOCKS WHICH HAVE DELIVERED VERY GOOD RESULTS RECENTLY. STOCKS LIKE RELIANCE, TATA MOTORS, TATA STEEL, TATA GLOBAL, PETRONET AND MANY OTHERS WITH GOOD QRLY RESULTS  CAN BE QUIETLY ACCUMULATED ON OPENING FALL FOR EXCELLENT SHORT TERM OR INTRADAY GAINS BY DAY END.

AS PER THE WEEKLY CHARTS OF NIFTY, LAST WEEK ENDING 3RD NOV, SPOT NIFTY HAD A HIGH OF 10461, LOW OF 10324 AND HAD A WEEKLY CLOSING AT 10452 SPOT. EXPECTING A HIGHER WEEKLY CLOSING THIS WEEK ABOVE 10452 SPOT IS NEXT TO IMPOSSIBLE AND AT THE BEST ONE CAN EXPECT A WEEKLY CLOSE ABOVE LAST WEEK’S LOWS OF 10324 SPOT SO THAT DURING COMING WEEK ONE CAN AT LEAST HOPE FOR RESUMPTION OF  THE BULL RUN. HOWEVER A WEEKLY CLOSE ON FRIDAY BELOW THIS THURSDAY’S LOWS OF 10266 SPOT WHICH IS EXACTLY ON THE 21 DAYS EMA CAN SEE SOME MORE DAYS OF FALLS NEXT WEEK ALSO. BUT IT IS WISER TO BOOK PROFIT ON FRIDAY ON THE SWING SHORTS TO ENJOY THE WEEKEND AND START FRESH DURING THE COMING WEEK. HARD CORE SHORTERS WHO WANT TO HOLD THE SHORTS CAN NOW HAVE 10383 SPOT & 10414 FUTURES AS STOP LOSS BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT THE SHORTS.

INTRADAY TRADERS SHOULD HAVE THE PATIENCE TO SEE NIFTY FUTURES RISE AFTER GAP DOWN & AGAIN FALL BELOW THE GAP DOWN LOWS TO TRADE SHORT, THEN  SOME  RISE AND RESUMPTION OF FALL TOWARDS THURSDAY’S LOWS TO BUY. OR BUY IF AFTER A FALL THE  FUTURES RISE TO BREACH AND STAY ABOVE 19360 . A RISE TO BREACH AND MORE IMPORTANTLY STAY ABOVE THURSDAY’S HIGH OF 10399 FUTURES IS A SIGNAL TO COVER THE SHORTS AND DO MILD BUYING ALSO . BUYING CAN ALSO BE UNDERTAKEN ON APPROACH TOWARDS OR BREACH OF THURSDAYS LOWS FOR QUICK INTRADAY GAINS. IT IS BETTER TO BOOK PROFIT ON SWING SHORTS OR INTRADAY LONGS OR SHORTS BY CLOSE OF FRIDAY TO ENJOY THE WEEKEND AND START FRESH FROM MONDAY.

 MARKETS FOR  THURSDAY 09 NOV SLIDE CONTINUES AND WILL CONTINUE TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO CLOSE AT LEAST A 30 MINUTE CANDLE ABOVE 10444 SPOT & 10477 FUTURES WHEN ALL SWING SHORT POSITION HOLDERS CAN QUIT SHORTS AND TRADE LONG AGAIN. INTRADAY TRADERS CAN TRADE BOTH WAYS  BY BUYING THE DECLINES AND BRUTALLY SHORTING THE RISE.

FOR INTRADAY TRADING ON THURSDAY TILL SUCH TIME NIFTY DOES NOT RISE TO  BREACH AND  MORE IMPORTANTLY STAY ABOVE  10333 SPOT & 10388 FUTURES , EVERY INTRADAY RISE TOWARDS THESE LEVELS ARE SHORTING TRADES TO QUIT FOR LONG TRADES A FEW POINTS ABOVE BOTH THESE LEVELS. STAYING ABOVE  10333 SPOT & 10388 FUTURES CAN SEE THE NEXT RESISTANCE AROUND 10384 SPOT & 10425 FUTURES.

A BREACH AND STAY ABOVE THESE LEVELS TO CLOSE A 30 MINUTE CANDLE DURING THIS WEEK IS NEXT TO IMPOSSIBLE, BUT IF THAT HAPPENS THEN EXPECT RECORD SHORT COVERING & ALL SWING TRADERS MAY START TO QUIT SHORTS  GRADUALLY & TO EMPTY ALL SHORTS ON BREACH & STAY ABOVE 10444 SPOT & 10477 FUTURES TO AGAIN GO LONG ABOVE THESE LEVELS.

THIS SLIDE IS ENTIRELY OPERATOR DRIVEN AND MAY CONTINUE TILL SUCH TIME INDIAN BIG PLAYERS & DIIS STAY WITH FEAR OF OPERATORS & DO NOT START TO BUY, ONE CAN HOPE TO SEE BUYING INTEREST DEVELOPING SHORTLY, MAY BE FROM FRIDAY. SAFE SWING TRADERS HOLDING SHORT IN NIFTY FUTURES FROM TUESDAY CAN START TO ACCUMULATE 10400 & 10500 CALLS  ON MARKET DECLINES OR WRITE 10200 PUTS  BY HOLDING ON TO THEIR SHORTED FUTURE POSITIONS TILL STOP LOSS IS TRIGGERED.

MARKETS FOR  WED 08 NOV NIFTY CLOSED AT 10350 MUCH BELOW THE CRITICAL 10400 SPOT IN THE FORM OF A DEADLY BEARISH ENGULFING CANDLE THAT HAS ENGULFED ALL THE CANDLES OF NOVEMBER MONTH. ALL THOSE WHO QUITTED AT STOP LOSS OF 10400 SPOT AND INITIATED FRESH SHORT POSITION, CAN BOLDLY HOLD ON TO THE SHORT POSITIONS, CONTINUE TO HOLD SHORTS AND ADD MORE SHORTS ON EVERY INTRADAY RISE TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO  BREACH 10450 AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE ABOVE 10450 SPOT. IF THIS HAPPENS THEN QUIT SHORTS AND TRADE LONG.

WHEN MOST OF THE ASIAN MARKETS WERE UP WITH NIKKEI UP BY 1.70%, HANGSANG UP BY 1.4% THERE WAS NO REASON FOR INDIAN MARKETS TO FALL SO MUCH. AS OPERATORS ARE IN FULL PLAY WITH THE INDIAN MARKETS, IT IS BETTER TO TRADE LIKE OPERATORS BY  BRUTALLY SHORTING EVERY RISE  WITH STOP & REVERSE ABOVE 10450 SPOT ON A 30 MINUTE CANDLE CLOSING BASIS.

MARKETS FOR  TUESDAY 07 NOV IT MAY BE A REPEAT OF MONDAY. SO WAIT FOR DECLINES TO BUY FOR GOOD INTRADAY GAINS. THIS WEEK AS LONG AS SPOT NIFTY STAYS ABOVE 10400 AND DOES NOT SLIDE TO BREACH AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE BELOW 10400 SPOT, EVERY DECLINE IS A BOLD BUY WITH STOP LOSS BELOW 10400 SPOT BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT ALL LONGS AND TRADE SHORT  AND CONTINUE HOLDING THE SHORTS. BE SURE SGX NIFTY WHICH SHOWS 25 TO 30 POINTS UP AT 8.30 PM IST ON MONDAY NIGHT, ITS MANIPULATORS WILL PULL DOWN SGX ON TUESDAY MORNING TO INDUCE A NEGATIVE FEELING ON INDIAN MARKETS BEFORE THE START SIMILAR TO WHAT THEY DID ON MONDAY MORNING BEFORE THE START.

 EXPECT MONDAY’S HIGHS OF  10490 SPOT & 10530 FUTURES TO BE RETESTED OR EVEN BREACHED. SO, USE DECLINES TOWARDS PREVIOUS DAY’S LOWS TO BUY FOR GOOD INTRADAY DAY GAINS. EVEN MILD SLIDE OR PAUSE CAN BE USED TO BUY AND ADDED MORE TOWARDS 10400 SPOT & 10424 FUTURES  FOR GOOD INTRADAY GAINS.(INTRADAY TRADING LEVELS FOR TRADING NIFTY FUTURES & OPTIONS, BNF, STOCK FUTURES & OPTIONS ARE FOR SUBSCRIBERS)

 

MARKETS FOR  MONDAY 06 NOV BULL RUN CONTINUES & WILL CONTINUE AS LONG AS NIFTY STAYS ABOVE 10422 SPOT & 10460 FUTURES & DOES NOT CLOSE A 30 MINUTE CANDLE BELOW THESE SPOT AND FUTURE LEVELS. EXPECT SGX MANIPULATORS TO KEEP NIFTY SUBDUED AT START BUT AFTER A MILD FALL OR PAUSE NIFTY IS LIKELY TO RISE TOWARDS OR ABOVE 10500 LEVELS.  A SLIDE TO STAY BELOW 10433 SPOT &  10454 FUTURES IS A SURE SIGN OF WEAKNESS TO SEE LOWER LEVELS TOWARDS FRIDAY’S LOWS OF  10404 SPOT &10425 FUTURES FOR SOLID BUYING ACTION AGAIN. SO, A SLIDE  TO STAY BELOW 10433 TO 10427 SPOT & 10460 TO 10455 FUTURES ZONE  IS AN INDICATION TO TRADE INTRADAY SHORTS WITH A STOP LOSS FOR QUICK INTRADAY GAINS & TO BE COVERED TO INITIATE BUYING TRADE AS NIFTY APPROACHES FRIDAY’S LOWS.

 ON THE HIGHER SIDE, IN CASE AFTER A SLIDE, NIFTY  RISES ABOVE 10577 TO 10580(ACTUALLY THESE WERE 10477 TO 10480 BUT ERRONEOUSLY TYPED AS 10577 TO 10580 YESTERDAY) FUTURES THEN IT WILL TRIGGER SHORT COVERING TOWARDS FRIDAY’S HIGHS OF 10492 FUTURES FOLLOWED BY EVEN 10500 TO 10515 LEVELS. A BREACH TO STAY ABOVE 10515 FUTURES WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS MUCH HIGHER LEVELS.  FAILURE TO BREACH AND STAY ABOVE 10515 IS A SIGNAL TO TRADE SHORT WITH A  STOP LOSS ABOVE IT REVERSE FOR LONGS AGAIN.

MARKETS ARE EXTREMELY BULLISH, ALTHOUGH NIFTY MAY NOT MOVE UP MUCH , INDIVIDUAL STOCKS HAVE POTENTIAL TO ROCKET UP. SO, CHOOSE THE BULLISH STOCKS WHICH HAVE TAKEN A PAUSE FOR 2 TO 3 DAYS TO BOLDLY BUY FOR GOOD INTRADAY GAINS. SEE STOCKS LIKE ARVIND MILLS, BIOCON, TATA MOTORS WHICH HAD PAUSED FOR 2 TO 3 DAYS ZOOMED UP ON FRIDAY. LOOK FOR SIMILAR PAUSE IN TATASTEEL, YES BANK, PETRONET, IOC, SBI, TCS, TECH MAHINDRA TO QUIETLY ACCUMULATE FOR EXCELLENT GAINS.

MARKETS FOR  FRIDAY 03 NOV AFTER THE BIG RISE OF WEDNESDAY, NIFTY TOOK A PAUSE PREPARING FOR ANOTHER BIG RISE EARLY NEXT WEEK. SO, USE THESE SGX MANIPULATED PAUSES TO QUIETLY BUY AND HOLD FOR VERY GOOD GAINS. SWING TRADERS SHOULD HAVE STOP LOSS BELOW 10310 SPOT ON A DAILY CLOSING BASIS AND USE EVERY SGX NIFTY INFLICTED PAUSE OR SLIDE TO BUY. QUIT LONGS TO TRADE SHORT ONLY BELOW 10310 SPOT. A SLIDE TO BREACH AND CLOSE FOR A DAY OR TWO BELOW THE 1ST NOV MONSTER GREEN CANDLE LOWS OF 10383 SPOT  WILL BE THE INITIAL SIGN OF WEAKNESS TO REDUCE LONGS BUT SHORT POSITION SHOULD ONLY BE TAKEN ON A CLOSE BELOW 27TH OCTOBER LOWS OF 10310 SPOT.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, BE SURE MANIPULATORS OF SGX NIFTY WILL PLAY THE SAME DIRTY GAME OF YESTERDAY THAT IS KEEPING IT POSITIVE IN THE NIGHT AND MAKE IT NEGATIVE IN THE MORNING TO INFLUENCE THE ANALYSTS TO FORGET THEIR OWN ANALYSIS & BE BIASED AS PER SGX. A FAILURE ON THE PART OF NIFTY FUTURES TO RISE ABOVE THURSDAY’S HIGH OF 10473 TO 10480 ZONE CAN BE USED TO TRADE SHORT WITH STOP LOSS ABOVE 10480 TO TRADE LONG( REMEMBER IT IS THE CLOSING OF AT LEAST A 15 MINUTE CANDLE  THAT SHOULD FORCE ONE TO QUIT AS STOP LOSS & NOT THE  BREACH, OTHERWISE EVERY JERKY MOVE WILL TRIGGER STOP LOSSES). AFTER A RISE, A FALL BELOW 10450 IS ALSO A SIGN OF WEAKNESS TO GO SHORT AND MORE SHORTS BE ADDED IN CASE NIFTY FUTURE SLIDES TO STAY 5 TO 6 POINTS BELOW THURSDAY’S LOWS OF 10433.

ON THE HIGHER SIDE, AFTER A FALL IN CASE NIFTY FUTURES RISES TO BREACH AND STAY ABOVE NIFTY FUTURE’S THURSDAY’S CLOSING LEVEL OF 10455 THEN EXPECT SHORT COVERING RISE. IN ANY CASE A FALL TOWARDS 10400 TO 10390 FUTURES CAN BE USED TO BUY FOR GOOD INTRADAY GAINS. IN CASE OF AN INITIAL RISE OR A RISE AFTER THE INITIAL FALL A BREACH OF 10473 TO 10480 FUTURE ZONE TO STAY ABOVE THIS ZONE  WILL SEE BULLS BUYING IN A BIG WAY FOLLOWED BY MASSIVE SHORT COVERING BY BEARS THAT CAN PROPEL NIFTY FUTURES TOWARDS THE  MUCH EXPECTED 10500 TOWARDS 10510 TO 10520 FUTURE LEVELS FOR A GOOD WEEKLY CLOSE.

MARKETS FOR  WED 02 NOV BULL RUN CONTINUES & WILL CONTINUE AS LONG AS NIFTY STAYS ABOVE 10425 SPOT & 10460 FUTURES. A 30 MINUTE CANDLE CLOSING BELOW 10425 SPOT & 10460 FUTURES CAN SEE A GOOD DOWN SIDE CORRECTION OTHER WISE IT WILL KEEP ON MOVING HIGHER & HIGHER  TO MAKE MORE AND MORE LIFE TIME HIGHS. 

LOOK FOR MINOR DECLINES TO BOLDLY BUY FUTURES AND STOCKS LIKE TATA STEEL, TATA MOTORS, BIOCON, PETRONET,ONGC,HPCL, BPCL, RELIANCE, DRL,SUN PHARMA ETC FOR GOOD GAINS.FOR ALL BUYS OF NIFTY FUTURES STOP LOSS SHOULD BE BELOW 10444 TO QUIT LONGS AND TRADE SHORT. A FAILURE ON THE PART OF NIFTY FUTURES TO RISE ABOVE 10525 CAN ALSO BE TRADED SHORT WITH A TIGHT STOP LOSS..

MARKETS FOR  TUESDAY 01 NOV NIFTY SPOT CLOSED AT 10340 AND LOOKS VULNERABLE FOR ANOTHER SLIDE IF CAN NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE 10366 SPOT. SO USE RISES TOWARDS OR  A SLIGHT BREACH OF PREVIOUS DAY’S HIGHS TO TRADE SHORT WITH A STOP ABOVE 10404 SPOT & FUTURES FOR GOOD INTRADAY GAINS.

ALTHOUGH A NEW HIGH IS FOLLOWED BY MANY  MORE HIGHS BUT THIS HAPPENS AFTER A SMALL SMALL CORRECTIONS AND NOT IN A STRAIGHT LINE RISE. SO, HAVE STOP LOSSES IN PLACE AND TRADE SHORT ON RISE. A SLIDE BELOW  MONDAY’S LOWS OF 10323 SPOT OR 10350 TO 344 FUTURES ZONE IS A SURE SIGN OF WEAKNESS FOR MUCH LOWER LEVELS ALTHOUGH SLIDE TO STAY AND CLOSE A CANDLE BELOW 10366 FUTURES CAN BE THE FIRST SIGNAL OF WEAKNESS.

MARKETS FOR  TUESDAY 31STOCT NIFTY FOR THE FIRST TIME GIVES INDICATION OF EXHAUSTION AND MAY CORRECT  TO RETRACE SOME OF THE RISE COUNTED FROM DIWALI NIGHT LOWS OF 10123 TILL 30TH OCT HIGHS OF 10384. SO, FOR TUESDAY’S TRADING USE INITIAL OR ANY INTRADAY RISE TO BOOK PROFIT AT LEAST ON HALF ON LONGS TAKEN FROM DIWALI NIGHT. QUIT ALL LONGS IN CASE NIFTY SPOT FALLS AND MORE IMPORTANTLY CLOSES A 30 MINUTE CANDLE BELOW 10343 SPOT.

HOWEVER INITIATION OF SWING SHORTS  TRADE SHOULD BE AVOIDED NOW & SHOULD BE INITIATED ONLY ON A DAILY CANDLE CLOSE BELOW 10300 SPOT. TRADERS WITH  BUTTERED FINGERS TO SHORT CAN WRITE(SHORT) 10400 CALLS BY HOLDING ON TO LONG FUTURES. BE PREPARED FOR A SURPRISE SLIDE OR CORRECTION IN NIFTY IF NOT IN OCTOBER, CERTAINLY IN NOVEMBER. SO BE PREPARED FOR IT BY BOOKING PROFIT ON ALL LONGS OR HEDGE THEM BY SHORTING HIGHER CALLS OF 10400  & 10450.

(INTRADAY TRADING LEVELS FOR TRADING NIFTY FUTURES & OPTIONS, BNF, STOCK FUTURES & OPTIONS ARE FOR SUBSCRIBERS)

MARKETS FOR  MONDAY 30THOCT BULL RUN CONTINUES & WILL CONTINUE. USE DECLINES OR EVEN A PAUSE TO BUY AS LONG AS SPOT NIFTY DOES NOT SLIDE AND MORE IMPORTANTLY SLIDE TO CLOSE A DAY OR TWO BELOW 10240 SPOT LEVELS WHICH WAS THE GAP UP HAMMER LOWS OF  25TH OCTOBER. A SLIDE TO CLOSE BELOW IT CAN BE USED TO QUIT ALL LONGS FROM DIWALI NIGHT LOWS AND THEN TRADE SHORT. ALL LONG NIFTY FUTURE HOLDERS CAN USE THE GAP UP OR ANY RISE TO QUIETLY WRITE 10400 AND 10450 CALLS AS A HEDGE TO LONG NIFTY FUTURE POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, IN CASE GAP UP & THEN FOLLOW UP CAN NOT TAKE NIFTY FUTURES ABOVE 10450 THEN TRADE SHORT FOR INTRADAY WITH STOP LOSS ABOVE IT. NIFTY FUTURE TURS WEAK FOR INTRADAY TRADING IF CAN NOT BREACH & STAY ABOVE 10450 AND MORE WEAKNESS CAN BE SEEN IN CASE IT SLIDES TO TRADE BELOW 10360 WHICH ALTHOUGH LOOKS IMPOSSIBLE  BUT IT FALLS BELOW 10360 THEN EXPECT IT SLIDE TOWARDS FRIDAY’S LOWS OF 10346 FOLLOWED BY EVEN 10333 TO BUY HERE WITH A STOP LOSS BELOW 10330 TO 10325.

USE EVERY PAUSE OR DECLINES IN RELIANCE, TATASTEEL, TATA MOTORS, TECH MAHINDER , BIOCON AND PETRONET, SBI, PNB & SOME BEATEN DOWN TECH STOCKS  TO BUY AND ADD  FOR VERY GOOD GAINS  DURING THIS NO LIMIT BULL RUN. WAIT FOR A FEW MOREDAYS TO SEE THE DECLINES IN PRIVATE BANKS AND OIL & GAS COMPANIES TO BE OVER TO BUY THESE TOO FOR GREAT GAINS.

MARKETS FOR  FRIDAY 27THOCT BULL RUN CONTINUES AND WILL CONTINUE WITH SMALL PAUSES OR CORRECTIONS IN BETWEEN. SO, USE DECLINES TO BUY . ALL SWING LONG POSITION HOLDERS FROM DIWALI NIGHT LOWS CAN NOW SHIFT THE STOP LOSS TOWARDS 10290 SPOT LEVELS TO QUIT ALL LONGS AND TRADE SHORT. TILL NIFTY SPOT SLIDES TO CLOSE BELOW 10290, EVERY DECLINE TOWARDS IT IS A BUY AND HOLD.

 ONE SHOULD BE MENTALLY PREPARED FOR A CORRECTION  SHORTLY AS THERE ARE DIVERGENCES IN IMPORTANT INDICATORS IN DAILY CHARTS BUT THE DIVERGENCES CONTINUE AND MARKETS KEEP ON MOVING UP AND UP. SO, TILL A BIG FALL  HAPPENS BY CLOSING BELOW THE LOWS OF THE PREVIOUS DAYS, HOLDING LONG POSITIONS IS SAFE.AS A SAFETY MEASURE , LONG POSITION HOLDERS IN NIFTY FUTURES SHOULD USE RISE TO WRITE (SHORT)HIGHER CALLS OF 10400 TO POCKET THE HEFTY PREMIUM IN IT BY HOLDING ON TO LONG FUTURE POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS FUTURE DOES NOT SLIDE TO STAY BELOW 10330, IT IS BULLISH AND A SLIDE TO STAY BELOW IT IS A SIGN OF INTRADAY WEAKNESS TO TRADE SHORT.

MARKETS FOR  THURSDAY 26THOCT NIFTY HAS ENTERED A NEW ORBIT AND MOST LIKELY THE BULL RUN WILL CONTINUE. HAVE STOP LOSS BELOW NIFTY SPOT LEVEL OF 10123 AND USE EVERY DECLINE TOWARDS PREVIOUS DAYS LOWS OR TOWARDS 10200 SPOT TO BOLDLY BUY AND HOLD. SWING TRADERS HOLD ALL LONGS INITIATED ON DIWALI NIGHT WITH STOP LOSS BELOW DIWALI NIGHT LOWS OF 10123 SPOT ON A DAILY CLOSING BASIS TO QUIT  ALL LONGS AND TRADE SHORT THERE AFTER.

FOR INTRADAY TRADING OF FUTURES ON THE EXPIRY DAY , TECHNICALLY ONE SHOULD EXPECT ANOTHER BULLISH DAY TO RETEST  OR EVEN BREACH WEDNESDAY’S HIGHS OF 10340 SPOT & 10350 FUTURES ( BUT REMEMBER EXPIRY DAY OBEYS NO TECHNICALS). A RISE BY NIFTY TO BREACH AND STAY ABOVE 10325 SPOT & 10320  FUTURES  IS A  GREEN SIGNAL TO ADD LONG POSITIONS FOR HIGHER INTRADAY  TARGETS OF 10350 TO 10360 LEVELS. A FAILURE TO BREACH AND STAY ABOVE 10325 SPOT &  10320 FUTURES IS A SIGNAL TO TRADE INTRADAY SHORTS WITH STOP LOSS ABOVE . A SLIDE TO BREACH AND STAY BELOW 10266 SPOT & 10260 FUTURE IS A SIGN OF MORE WEAKNESS TO ADD MORE SHORTS.

BEING EXPIRY DAY , TRADE LESS, OR NO TRADE IS BEST TRADE. USE INTRADAY RISE TOWARDS OR ABOVE WEDNESDAYS HIGHS TO TRADE LIMITED SHORTS AND A SLIDE TOWARDS OR BELOW WEDNESDAY’S LOWS SHOULD BE USED TO TRADE LIMITED LONGS. BEING EXPIRY DAY, THERE CAN BE WILD SWINGS DURING THE SECOND HALF SO TRADE LIMITED LOTS AND USE STOP LOSSES.

BE EXTREMELY CAUTIOUS  AS SGX MANIPULATORS WHO HAVE SOLD TOWARDS DAY HIGHS AROUND END OF WEDNESDAY, WILL TRY THEIR LEVEL BEST TO  DEPICT AN EXTREMELY NEGATIVE SGX NIFTY ON THURSDAY MORNING SO THAT THEY CAN AGAIN BUY ON FALLS TOWARDS OR BELOW 10200 LEVELS. THEY ALSO WILL INFLUENCE OUR ANALYSTS TO SUDDENLY TURN BEARISH  AS THE ANALYSTS WERE HIGHLY BULLISH ON THURSDAY. SO AVOID THE TRAPS OF SGX NIFTY MANIPULATORS.

MARKETS FOR  WED 25THOCT NIFTY LOOKS HIGHLY BULLISH HAVING CLOSED NEAR 10220 SPOT & FUTURES. LOOK FOR MINOR DECLINES TO BOLDLY BUY FOR VERY GOOD GAINS. AS LONG AS NIFTY FUTURES STAYS ABOVE 10215 IT IS A BUY. BELOW 10215 IT MAY SHOW FIRST SIGN OF INTRADAY WEAKNESS. A FALL TOWARDS 10200 TUESDAY’S LOWS OF 10190 FUTURES  IS AGAIN A BUY.

IF HOLDING LONG POSITIONS OR LOWER LONG CALLS OF 10000 & 10100 THEN USE RISE TO WRITE HIGHER CALLS OF 10300 AND 10200 , HOLD THESE SHORTED CALLS WITH THE LONG FUTURES AND LOWER CALLS OF 10100 AND 10000 TO POCKET THE HIGH PREMIUM ON THESE SHORTED HIGHER CALLS OF 10300 & 10200.

SOME BIG BANKING, BIG AUTO, BIOCHEM STOCKS WHICH HAD REMAINED SLUGGISH FOR LAST COUPLE OF DAYS MAY ZOOM. USE DECLINES IN THESE TO BUY THEIR FUTURES AND CALLS.

MARKETS FOR  TUESDAY 24THOCT NIFTY MADE A HIGHER HIGH , HIGHER LOW AND A HIGHER CLOSING ON MONDAY COMPARED TO THE MUHURAT TRADING DAY LEVELS. ALTHOUGH MOHURAT TRADING DAY OF ONE HOUR TRADING ONLY SHOULD NOT BE CONSIDERED FOR TECHNICAL PURPOSE, YET THE CLOSING OF MONDAY’S DAILY CANDLE AND THE 30 MINUTE CANDLES, SUGGESTS ONE TO LOOK FOR DECLINES TOWARDS MONDAY’S OR EVEN DIWALI NIGHT’S LOWS TO BOLDLY BUY AND HOLD FOR GOOD INTRADAY GAINS.

FOR INTRADAY TRADING PURPOSE, A BREACH AND MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE BELOW MONDAY’S LOWS OF 10123 SPOT & 10119 FUTURES IS A CLEAR SIGNAL TO BOLDLY TRADE SHORT . HOWEVER APPROACH OF NIFTY NEARER TO THESE LEVELS ARE BUY LEVELS WITH STOP LOSS BELOW THESE ON A CANDLE CLOSING BASIS TO QUIT LONGS & TRADE SHORT.

INITIALLY, A SLIDE BELOW 10170 TO 10160 FUTURE ZONE WILL WEAKEN NIFTY FOR INITIAL INITIATION OF SHORTS TO SEE LOWER LEVELS OF 10130 TO 10125 FOR BOOKING PROFIT ON SHORTS AND BUY WITH A STOP LOSS. A RISE TO BREACH MONDAY’S HIGHS OF 10226 IS A BULLISH SIGNAL TO GO LONG WITH A STOP LOSS A FEW POINTS BELOW IT FOR HIGHER LEVELS TOWARDS 10250 TO 10260 FUTURES. LOOK FOR DECLINES TO TRADE LONG .

MARKETS FOR  MONDAY 23RD OCT THE MUHURAT TRADING OF ONE HOUR ON DIWALI NIGHT NEED NOT BE TAKEN THAT SERIOUSLY AND CAN BE CONSIDERED AS AN ONE OFF DAY AS LONG AS NIFTY SPOT AND FUTURES DO NOT FALL AGAIN TO CLOSE A 30 MINUTE CANDLE BELOW THE LOWS OF  10123 SPOT & 10107 FUTURES. IF BOTH FALL AGAIN TO CLOSE A 30 MINUTE CANDLE BELOW 101213 SPOT & 10107 FUTURES THEN  CLOSE YOUR EYES AND TRADE SHORT FOR NEXT FEW DAYS.

THE TWO MONSTROUS 30 MINUTES CANDLES FORMED ON DIWALI NIGHT TECHNICALLY LOOK HIGHLY BEARISH FOR MUCH LOWER LEVELS BUT DIWALI NIGHT’S MUHURAT TRADING  NOT BEING A FULL TRADING DAY, IT CAN BE SKIPPED AND THE PRICE ACTION OF MONDAY 23RD OCTOBER WILL GIVE A BETTER TECHNICAL PICTURE.IN ANY CASE TILL SUCH TIME NIFTY DOES NOT RISE TO CLOSE A DAY ABOVE RECENT HIGH OF 10252 SPOT & 10272 FUTURES NEXT FEW DAYS MAY HELP BEARS TO TRADE SHORT ON RISE.

INTRADAY TRADERS CAN LOOK FOR  NIFTY LEVELS OF 10193 SPOT & 10188 FUTURES FOR TRADING LONG WITH A TIGHT STOP LOSS. A FAILURE ON PART OF NIFTY TO BREACH AND MORE IMPORTANTLY STAY ABOVE 10193 SPOT & 10188 FUTURES CAN BE TRADED SHORT WITH STOP LOSS ABOVE THESE LEVELS ON A 5 OR 15 MINUTE CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG.

WISHING ALL SUBSCRIBERS & READERS A HAPPY & PROSPEROUS DIWALI 2017

MARKETS FOR  THURS 19THOCT USE THE  SGX NIFTY INFECTED SLIDE IN NIFTY TO BOLDLY BUY TOWARDS WEDNESDAYS LOWS .

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)

 (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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