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ADVICE FOR 03 JULY 2009
                                                                                               
10 DAYS HOURLY  CHART  19 JUN TO 02 JUL  09  
20 EMA IN RED 50 EMA IN BLUE

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MARKETS FOR  03 JULY  09   DOW FALLING BY 180 POINTS ON THURSDAY NIGHT IS NOTHING UNCOMMON & THAT TOO EUROPEAN MARKETS BLINDLY FOLLOWING DOWS FALL TO GIVE UP EVERYTHING IS QUITE OBVIOUS. BE SURE TO SEE ANOTHER BIG UP MOVE BY DOW EITHER THIS WEEK OR AFTER THEIR INDEPENDENCE DAY HOLIDAYS. BE SURE TO SEE SOME ASIAN MARKETS TO OPEN BADLY DOWN, AGAIN BLINDLY FOLLOWING OVERNIGHT DOW. BUT ONE THING TO BE KEPT IN MIND IS THAT IN CASE THERE IS A GAP DOWN OPEN FOR NIFTY & IF NIFTY MAKES ANY LOW VOLUME ATTEMPT TO MOVE TOWARDS 4250 LEVELS, THEN MAKE FULL USE OF THIS OPPORTUNITY TO BUY BUDGET ORIENTED STOCKS, FUTURES AND 4300 TO 4400 CALLS AND HOLD THESE TILL 7TH JULY.

FOR INDIAN MARKETS, ANY BIG FALL BEFORE THE BUDGET INDUCED BY DOW OPERATORS IS A GOOD BUYING OPPORTUNITY. TRADERS ARE ADVISED TO INITIATE FRESH TRADES AFTER 1 PM ONLY IF NIFTY DOES NOT APPROACH 4250.PUT HOLDERS MAY CONTINUE TO HOLD THE PUTS AND BUY 4400 OR 4300 CALLS AROUND NIFTY 4250 LEVELS AND CARRY BOTH CALL & PUT TILL 7TH JULY.

IF ONE HAS A LOOK AT THE HOURLY CHART ABOVE, ONE WILL NOTICE THAT NIFTY HAS A STRONG SUPPORT AROUND THURSDAYS LOWS OF 4288 A DECISIVE BREACH OF WHICH MAY BRING DOWN NIFTY TOWARDS NEXT SUPPORT AROUND 4262 OR EVEN 4250 LEVELS WHICH WILL BE MORE THAN A 2% FALL THAT SHOULD SEE GOOD BUYING INTEREST FOR THE BUDGET ORIENTED STOCKS. AS LONG AS NIFTY DOES NOT DECISIVELY BREACH CRITICAL SUPPORT AT 4222 WHICH IS MORE THAN A 3% FALL, THERE IS NO CAUSE FOR PANIC. AS BEING EXPERIENCED DAILY EVEN AFTER BREACHING CRITICAL SUPPORT OR RESISTANCE NIFTY DOES A REVERSE ACTION. BRIGHT EXAMPLE IS NIFTYS BREACH OF 4355 N NUMBER OF TIMES YESTERDAY & TO DAY TO FALL BELOW IT AGAIN. THESE CRITICAL BREACHES ARE GENERALLY INDUCED BY OPERATOR ACTION TO TRIGGER STOP LOSSES OR INDUCE DISTRESS TRADES TO TRAP WEAK HANDS.

FOR INTRADAY TRADING ON FRIDAY TRADERS MAY TRADE THE INITIAL "GAP FADE" BY BUYING THE INITIAL GAP DOWN IF IT OPENS BELOW 2% OR WAIT TO INITIATE FRESH TRADE AFTER 1 PM ONLY. FROM THE LOW OF 4141 TO THE HIGH OF 4240, NIFTY HAS STRONG FIBONACCI RETRACEMENT SUPPORTS AT 50% AROUND THURSDAYS LOWS OF 4288 AND 62% AROUND 4252 LEVELS. DURING LAST TWO PREVIOUS WEEKS, NIFTY HAD A WEEKLY CLOSING OF 4375 ON WEEK ENDING 26TH JUNE AND AT 4313 FOR THE WEEK ENDING 19TH JUNE. SO UNDER WORST OF CIRCUMSTANCES,& WITH BUDGET ON MONDAY, NIFTY CLOSING FOR THIS WEEK END MAY NOT BE THAT FAR OFF FROM THESE LEVELS.

BESIDE DOWS  FALL ON THURSDAY, ASIAN MARKETS ON FRIDAY MORNING WILL BE IMPACTED BY THE NEWS OF NORTH KOREA TESTING NUCLEAR MISSILES THAT WILL MAKE INDICES OF SOUTH KOREAN, JAPAN, TAIWAN, HONG KONG  SHIVER LIKE EARLIER CASES OF SUCH TESTS. SECONDLY US MARKETS HAVING A HOLIDAY ON FRIDAY MAY REDUCE THE FEAR IN THE MINDS OF ASIAN TRADERS OF ANOTHER OPERATOR DRIVEN DOW FALL ON FRIDAY NIGHT. CHINESE MARKETS HAVING GONE UP CONTINUOUSLY FOR SO MANY DAYS ARE ALSO LIKELY TO CORRECT ON FRIDAY. NIFTY HAD CLOSED AT 4349 ON THURSDAY. SO A 2% INITIAL FALL MAY BRING IT DOWN TILL 4262 THAT SHOULD HOLD AND ANY FURTHER FALL FROM HERE WILL BRING IN BUYING INTEREST.                  

 

MORNING UPDATE  AT 8 AM 03 JULY 09   DOW FINALLY CLOSED DOWN BY 223 POINTS BEFORE CLOSING FOR A LONG WEEK END & INDEPENDENCE DAY HOLIDAY. A BIG FALL IN DOW IS MOSTLY FOLLOWED BY BIG RECOVERY. SO ON TUESDAY ONE SHOULD NOT BE SURPRISED TO SEE A GOOD RECOVERY IN US MARKETS. EUROPEAN MARKETS CLOSED DOWN BETWEEN 2% TO 3%  WITH UK FTSE CLOSING DOWN BY 2.5%. BRAZIL FARED BETTER BY CLOSING DOWN BY ONLY 1%. ASIAN MARKETS AS USUAL HAVE OPENED WEAK BUT ARE MUCH BETTER THAN US &EUROPEAN MARKETS & MAY REMAIN WEEK FOR THE DAY.

FOR  INDIAN MARKETS THE INITIAL FALL MAY NOT BE THAT BIG & MAY TRADE IN LINE WITH SOME OF THE ASIAN MARKETS. TRADERS MAY WAIT FOR THE MARKETS TO FALL FURTHER SAY TILL ABOUT 4260 TO 4250 OR TILL 1 PM  TO ENTER BUY ORDERS FOR FUTURES & CALLS TO CARRY FOR NEXT WEEK ALONG WITH YESTERDAYS PUTS. OPTION TRADERS MAY HOLD ON TO YESTERDAYS 4300 OR 4200 PUTS AND AS NIFTY FALLS  TOWARDS OR BELOW 4270, BUY 4400 OR 4500 CALLS AND CARRY BOTH THE CALL & THE PUT IN EQUAL RATIO FOR BUDGET WEEK.

MOST LIKELY MARKETS WILL RISE AFTER THE BUDGET DAY, MAY BE FROM 7TH JULY 09 ONWARDS. LONG TERM INVESTORS SHOULD USE THIS DOW INDUCED FALL IN MARKETS TO BUY STOCKS IN THE LIKELY BUDGET ORIENTED SECTORS OF INFRASTRUCTURE, METALS, OIL & GAS EXPLORATION & POWER STOCKS FOR GOOD GAINS THIS YEAR.

 

 

 

                                      

INTRADAY TRADING LEVELS FOR NIFTY 03 JULY 09 (NIFTY FUTURES FOR SUBSCRIBERS ONLY):

(FOR SUBSCRIBERS BY SMS OR YM) FOR INTRADAY TRADING, NSE INDEX HAS INITIAL RESISTANCE AROUND  TO  LEVELS. BREACH OF  CAN TAKE NIFTY TOWARDS  BREACH OF WHICH CAN TAKE NIFTY UP TO NEXT IMPORTANT INTRADAY RESISTANCE AT . BREACH OF   CAN TAKE NIFTY UP TO CRITICAL RESISTANCE AT   WHERE IT SHOULD FIND SOME  PROFIT BOOKING BY THE LONG  POSITION HOLDERS. ABOVE  NIFTY CAN MOVE UP TO  TO   THAT WILL GENERATE MERCILESS BULL LIQUIDATION & RUTHLESS BEAR HAMMERING. ON THE LOWER SIDE NIFTY FINDS INITIAL  INTRADAY SUPPORT  AROUND  TO  .BREACH OF  CAN TAKE NIFTY TO  CRITICAL  SUPPORT AT  TO  LEVELS BELOW WHICH NIFTY BECOMES WEAK TO RETEST  OR LOWER LEVELS . INABILITY TO SUSTAIN ABOVE  WILL SCARE THE BULLS THAT MAY START THE BULL SELL OFF & RUTHLESS SHORTING BY BEARS  THAT CAN SLIDE NIFTY NEARER TO  LEVELS.

CLOSING LEVELS FOR NIFTY  03 JULY 09 ()  CLOSING  SUPT      CLOSING RES                    

                        

                 ALL THE WEEKLY ANALYSIS WILL BE UPDATED FROM NEXT WEEK

WEEKLY MARKETS ANALYSIS  FOR WEEK ENDING 26 JUNE 09  

WEEKLY TECHNICALS FOR WEEK ENDING 26 JUNE 09 

ELLIOTT WAVE COUNT FOR WEEK ENDING 26 JUNE 09   

 

FIBONACCI LEVELS FOR THE  WEEK ENDING 26 JUNE 09  

 

WEEKLY TRADING RANGE FOR WEEK ENDING 26 JUNE  09 

15 YEARS HISTORY REPEATING EVERY  ALTERNATE  & ODD YEAR 

IF ONE GOES BACK IN HISTORY OF INDIAN STOCK MARKETS SINCE LAST 15 YEARS, ONE WILL NOTICE A VERY INTERESTING PHENOMENA. DURING EVERY ODD YEAR STARTING FROM 1995,97,99,01,03,05 & 07, EXCEPT FOR THE YEAR 2001 WHEN THE MARKETS WERE IN THE THICKEST OF BEAR PHASE, DURING  ALL THE REST OF THE ODD YEARS OF 95,97,99,03,05 & 07, MONTH OF JUNE MADE A HIGHER HIGH THAN MONTH OF MAY. MORE INTERESTING FEATURE IS THAT  DURING ALL THESE ODD YEARS, EVEN THE MONTH OF JULY MADE A MUCH BIGGER HIGH THAN MONTH OF JUNE.

ANOTHER INTERESTING FEATURE IS THAT DURING ELECTION YEARS, MARKETS GENERALLY MOVE UP & BEFORE THE END OF THE CALENDAR YEAR, THE INDICES  BREACH THE HIGHS OF  ITS PREVIOUS YEAR. IN 1999,NIFTY MADE A NEW YEARLY HIGH AT  1523 ON 14TH OCT 99 BEATING 1998 HIGH OF 1247. SIMILARLY IN 2004 NIFTY MADE A HIGH OF 2088 ON 30 DEC 2004 BEATING 2003 HIGH OF 1914 MADE ON THE SIMILAR DAY 30 DEC 2003.THESE TYPES OF MARKET BEHAVIOR DURING THE ELECTION YEARS AND ODD YEARS HAVE A DISTINCT RELATIONSHIP WITH SOME TYPICAL  PLANETARY ASSOCIATIONS IN THE HEAVENS WHICH MAY CONFUSE MANY READERS, HENCE THE PLANETARY IMPACT IS AVOIDED HERE.

ANOTHER INTERESTING FEATURE TO BE NOTED IS THAT STARTING FROM THE PREVIOUS BULL MARKET THAT STARTED IN APRIL/ MAY 2003, JUNE MONTH OF EVERY ODD  YEAR HAD MUCH MORE BULLISH DAYS THAN BEARISH DAYS. IN 2003 OUT OF 21 TRADING DAYS THERE WERE ONLY 5 BEARISH DAYS 3,10,16,20 & 23 JUNE 03.SIMILARLY IN THE OTHER ODD YEARS OF 2005 & 2007 NIFTY HAD ONLY 8 BEAR DAYS OUT OF 21 TRADING DAYS. IT WAS ONLY IN JUNE 2007 WHEN NIFTY HAD ONE SET OF 3 CONSECUTIVE DAYS OF FALLS  6TH,7TH & 8TH JUNE & REST 5 DAYS OF FALLS WERE SINGLE DAY FALLS. IN JUNE OF 2003 & 2005 NIFTY HAD ONLY 1 SET OF 2 CONSECUTIVE DAYS OF FALLS & REMAINING DAYS HAD SINGLE DAY FALLS. SO 2009 BEING THE ODD YEAR AND START OF BULLISH MOVE, WE MAY SEE A GOOD MONTH OF JUNE LIKE 2003. JUNE 2009 HAS ALREADY HAD 4 DOWN DAYS 3,8,11 &12TH AND 1 SET OF 2 CONSECUTIVE DAYS OF FALLS ON 11TH & 12TH JUNE. THE REST IS LEFT FOR YOUR IMAGINATION TO JUDGE THE BALANCE OF THE DAYS IN MONTH OF JUNE 2009.

               

 

ASTROLOGICAL INDICATIONS   FOR SUBSCRIBERS ONLY      

    

PLAN OF ACTION FOR THE WEEK ENDING 19 JUNE 09  (SUBSCRIBERS ONLY)

BIGGEST MISTAKES BY TRADERS  

TWO OF THE BIGGEST MISTAKES  MOST TRADERS GENERALLY COMMIT ARE:--  FIRSTLY,  THEY DO NOT FOLLOW THE TREND,  HAVING AN  EVER LASTING TENDENCY OF  ALWAYS TRADING AGAINST THE EXISTING TREND. SECONDLY, NOT HOLDING ON TO THEIR GAINS THINKING THAT GAINS WILL GO AWAY THUS QUITTING EARLY FROM  LIKELY GREAT GAINS AND AT THE SAME TIME BOLDLY HOLDING ON TO THEIR LOSS MAKING TRADES FOR DAYS, WEEKS & MONTHS TOGETHER THINKING THAT LOSS WILL BE REDUCED OR  WILL TURN OUT TO BE A GAIN IN A FEW DAYS WHICH ACTUALLY NEVER COMES AND   THE LOSS GRADUALLY BECOMES SO BIG THAT ENTIRE CAPITAL IS WIPED OUT OR ONE IS FORCED TO QUIT AT A MUCH BIGGER LOSS & INTERESTINGLY PRICE TURNS JUST AFTER QUITTING. WITH THIS WRONG TRADING HABIT, 5 TIMES OF GAINS ARE WIPED OFF BY A SINGLE LOSS. SO, IF ONE WANTS TO  BE A SUCCESSFUL TRADER, THEN THESE TWO WRONG TRADING HABITS MUST BE RECTIFIED BY    FIRSTLY TRADING IN THE DIRECTION OF THE EXISTING TREND, SECONDLY  DEVELOPING  A HABIT OF QUITTING LOSSES EARLY  AND HOLDING  ON TO THE  GAINS BY MENTALLY SHIFTING  MUST QUIT POINTS IN THE DIRECTION OF GAIN.

 

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THE UNDER MENTIONED 7 PARAGRAPHS MOSTLY WRITTEN  DURING  2008, WILL BECOME  EFFECTIVE AGAIN  ONLY IF NIFTY ON COMPLETION OF THE PRESENT BULL RUN, FALLS TO CLOSE BELOW 3300 NSE INDEX LEVELS. TILL SUCH TIME NIFTY DOES NOT DECISIVELY CLOSE BELOW 3300, THE PRESENT BULL RUN MAY CONTINUE.

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GAPS IN INDICES TO BE COVERED 

IT IS A COMMON EXPERIENCE THAT THE GAPS LEFT BY INDICES DURING THE BULL PHASES ARE INVARIABLY COVERED DURING THE  NEXT BEAR PHASE. THE GAPS LEFT DURING BEAR MARKET FALLS ARE SIMILARLY COVERED DURING THE NEXT BULL MARKET. A NUMBER OF GAPS WERE LEFT IN THE DAILY CHARTS DURING THE BULL RUN FROM APRIL  2003 TILL  JAN 2008. SOME OF THESE GAPS HAVE ALREADY BEEN FILLED DURING THE CURRENT BEAR PHASE. BUT STILL THERE ARE PROMINENT GAPS LEFT IN SENSEX WHICH ARE MOST LIKELY TO BE COVERED DURING THE NEXT PHASE OF DOWN MOVE IN 2009. GAPS ARE BETWEEN 17 JUN 05 HIGH OF 6922 TO 20 JUNE LOW OF 6940 (AROUND NIFTY 2131), BETWEEN 4 MAY 05 HIGH OF 6295 & 5 MAY LOW OF 6322( NIFTY 1944), BETWEEN 7 AUG 03 HIGH OF 3816 & 8TH AUG 03 LOW OF 3823 (NIFTY 1199) AND FINALLY BETWEEN 4 JUN 03 HIGH OF 3220 TILL 5 JUNE 03 LOW OF 3232( NIFTY 1022). BEARS & YOUNG  PAPER TIGER FUND MANAGERS MAY NOTE  & REMEMBER THESE 4 GAPS TO SEE THESE GETTING  FILLED  ONE AFTER THE OTHER DURING THE NEXT DOWN TURN STARTING IN 2009.

 

 

FOUR IMPORTANT THINGS 

CERTAIN IMPORTANT ASPECTS TO BE KEPT IN MIND AT EVERY STAGE ARE:-   FIRSTLY, AFTER EVERY 5 YEARS OF BULL RUN, THE BEAR RUN GENERALLY TAKES  AT LEAST 21 TO 34 FIBONACCI MONTHS AND SECONDLY THE BEAR PHASE GENERALLY BREACHES THE HIGHS OF PREVIOUS BULL MARKET WHICH ARE AROUND 6200 & 1800 FOR SENSEX & NIFTY RESPECTIVELY, THIRDLY THE NECK LINE AROUND 12500 & 3800 FOR OF THE FAMOUS HEAD & SOLDER FORMATION GENERALLY SHOULD TAKE THE INDICES DOWN FROM THE NECK LINE TO LEVELS BY AN AMOUNT NEARLY EQUAL TO THE DIFFERENCE BETWEEN THE NECK LINE AND THE  HIGHEST POINT OF THE HEAD AT 21207 & 6357.SO ARITHMETICALLY THE HEAD & SOLDER SHOULD BRING DOWN SENSEX & NIFTY TO 3800 & 1250 LEVELS BY END OF THIS BEAR MARKET AROUND MAGIC DATE OF 20-10-2010. FINALLY EVERY BIG FALL WILL BE FOLLOWED BY A SHARP UPWARD RETRACEMENT FOLLOWING FIBONACCI RULES THAT WILL INDUCE A FEELING EVERY TIME THAT BULL PHASE HAS RESUMED.

CLEAR  HEAD & SOLDER FORMATION IN INDICES

MAJOR HEAD & SOLDER HAS BEEN MADE  IN THE DAILY EOD CLOSING CHART OF SENSEX BY JOINING THE CLOSING SUPPORT LEVELS  AT 12363 ON 10 OCT 06, 12415 ON 3 MAY 07, 12575 ON 16 JULY 07 & 12595 ON 29 SEPT 08. ON BREACH OF THE NECK LINE  AT  12626 ON 3 OCT 08, THE BREAK DOWN GOT ACTIVATED TO SLIDE  SENSEX TILL 11740  ON  8TH OCT 08.THIS MAJOR BREACH OF NECK LINE OF THE H & S FORMATION SHOULD TAKE SENSEX TO AT LEAST  TILL 2000 FEB BULL MARKET HIGHS OF 6100 OVER NEXT 2 YEAR PERIOD WITH MAJOR CRASH COMING AROUND  MID AUGUST 2009 AS PER ASTROLOGICAL INDICATIONS. MOST OF THE MAJOR WORLD MARKETS INCLUDING USA, BRAZIL, EUROPE AND ASIAN MARKETS ARE IN THE GRIP OF THIS HEAD & SOLDER FORMATION WHICH IS LIKELY TO TAKE THEM TO UNIMAGINABLE LOWER LEVELS IN THE MONTHS AHEAD  AND ANY AMOUNT OF ACTION BY VARIOUS GOVTS TO INFLUENCE THE NATURAL CYCLES OF MARKETS WILL ONLY LEAD TO FURTHER FALLS AFTER A PAUSE OR DEAD CAT BOUNCE. AS PER HISTORICAL DATA, BEAR MARKET LOWS ALWAYS TESTS & BREACH THE HIGHS OF PREVIOUS BULL MARKETS. 1992 BULL MARKET HIGHS OF 4545 ON 30 APRIL 1992 WAS BREACHED BY THE NEXT TO NEXT BEAR MARKETS THAT STARTED FROM FEB 2000 AND  ON  21 SEPT  2001 SENSEX MADE A NEW LOW OF 2595.

EVEN IN THIS PRESENT  BEAR MARKETS SINCE 2008, U S MARKETS INCLUDING DOW HAVE ALREADY BREACHED THEIR PREVIOUS BEAR MARKET LOWS AND IN FEB 2009 ARE AT THE LEVELS OF 1998. EUROPEAN MARKETS , MANY ASIAN MARKETS   HAVE ALREADY BREACHED THEIR 2000 BULL MARKET HIGHS & AS ON 27TH FEB 09 , EXCEPT FOR SENSEX AND NIFTY, ALMOST ALL THE INDICES OF THE WORLD & SOME ASIAN MARKETS HAVE ALREADY BREACHED  THEIR 2000 BULL MARKET HIGHS  AND ARE VERY NEAR OR MOVING FAST TOWARDS  THEIR PREVIOUS BEAR MARKET LOWS, LEAVE ASIDE MORE BEARISH  UK FTSE, TAIWAN & JAPAN  WHO HAVE NOT YET TESTED 2000 BULL MARKET HIGHS AND ARE ALARMINGLY SLIDING TOWARDS 2002 BEAR MARKET LOWS. SO IT IS JUST A MATTER OF TIME WHEN YOU WILL SURELY SEE SENSEX AND NIFTY  FALL TO TEST PREVIOUS BULL MARKET HIGHS OF 6100 + &  1800+ RESPECTIVELY TO CONFIRM NOT ONLY TO HISTORY BUT ALSO TO THE BASIC NORMS OF SUPPORT & RESISTANCE. BUT BE VERY SURE AFTER EVERY FALL LIKE YOU HAD RECENTLY, THERE WILL BE GOOD DEAD CAT BOUNCES GIVING GREAT TRADING AS WELL AS QUITTING  OPPORTUNITIES. SO DO NOT MISS SUCH GOD SENT  OPPORTUNITIES  THROUGH  DEAD CAT BOUNCES TO REDUCE YOUR LOSSES AND LIQUIDATE YOUR LONG HOLDINGS.

MAJOR ELLIOTT "C" DOWN WAVE FROM 08 JAN 08

THERE IS A LOT OF CONFUSION AMONGST READERS& SUBSCRIBERS OVER THE DEVASTATING "C" WAVE.  WELL TO CLEAR ALL THE DOUBTS, AS PER ELLIOTT WAVE THEORY, THIS "C" WAVE IS DIFFERENT FROM NORMAL A,B,C  CORRECTION TO THE EXTENT THAT THIS BIG "C" DOWN WAVE COMES AT THE END OF THE  BULL  CYCLE  WHICH HAD EXTENSIONS AND  EXTENSION OF EXTENSIONS AFTER 5 WAVES AND AFTER  THE  A & B IRREGULAR CORRECTION WHERE WAVE B GOES HIGHER THAN START OF WAVE A. THIS BIG "C" WAVE IS COMPOSED OF 5 WAVE CORRECTION  OF 3 DOWN WAVES &2 RETRACEMENT UP WAVES WHICH CORRECTS THE ENTIRE BULL MARKETS 5 WAVES AND TERMINATES ABOVE THE TIP OF 1ST WAVE OF THE ENTIRE BULL RUN. AFTER COMPLETION OF THIS MEGA "C" WAVE FRESH BULL MARKET STARTS. IN THE LONG TERM CHART OF 5 YEAR BULL MARKET CYCLE , WAVE 1 WAS UP TO 2015 TILL 9 JAN 04, WAVE 2 CORRECTED TO 1292 TILL 17 MAY 04,WAVE 3 WENT UP TO 3774 TILL 12MAY 06, WAVE 4 FELL TO 2596 TILL 16 JUN 06, WAVE  5 WENT UP TO 4245 TILL  9FEB 07, THEN EXTENSION & EXTENSIONS OF EXTENSION OF 5TH WAVE TOOK IT TO  ORTHODOX TOP OF 6012  TILL 2 NOV 07, IRREGULAR CORRECTIVE  WAVE  A   BROUGHT INDEX DOWN TO 5394 TILL 23 NOV 07, IRREGULAR WAVE B MADE AN IRREGULAR TOP AT 6357 ON 08 JAN 08  HIGHER THAN THE PREVIOUS ORTHODOX  TOP & ALSO BREACHED THE LONG TERM RESISTANCE CHANNEL AS PER ELLIOTT WAVE THEORY,  AFTER WHICH DEVASTATING WAVE "C" STARTED AT 6357 ON 11 JAN 08. HAVING COMPLETED 1ST DOWN WAVE OF WAVE C  OF 1909 POINTS AT 4448, WAVE 2 RETRACEMENT WAS A TRIANGLE WITH TOP AT 5545 OR A 3,3,5 FLAT WITH 1ST SET OF  3 UP COMPLETED AT 5545 ON  4TH FEB 08, 2ND SET OF 3 DOWN WAS COMPLETED AT 4468 ON  18TH MARCH AND THE FINAL SET OF 5 UP WAS COMPLETED AT 5299 ON 2ND MAY 08. THUS THE RETRACEMENT 2ND WAVE   FINALLY GOT  COMPLETED  ON  02  MAY 08.  3RD MAJOR DOWN WAVE  OF WAVE "C"  COMMENCED FROM 5299 ON 02 MAY. THIS MEGA DOWN WAVE 3 HAD 5 WAVES OF SUB WAVE 1,3 & 5 DOWN AND 2 UP RETRACEMENT SUB WAVES OF SUB WAVE 2 & 4 WITH 2 BEING A ZIGZAG & SUB WAVE 4 BEING FLAT.  PERHAPS 3RD MAJOR DOWN WAVE WAS COMPLETED ON 27 OCT 08 AT THE LOW OF 2252.

AS ON 30 MARCH 09 WE ARE PERHAPS  STILL IN THE  4TH  WAVE FLAT OF  MAJOR "C" DOWN WAVE. THIS 4TH WAVE FLAT WILL BE COMPLETED WHEN ALL BEARS GIVE UP HOPES OF ANY FURTHER FALL AND BULLS START TO ASSUME THAT BULL PHASE HAS RESUMED. AT THIS TIME ANALYSTS WILL START TO PREDICT PERHAPS UPWARD BREAKOUT IS LIKELY AND EARLY SIGNS OF RETURN OF BULL PHASE INDUCING INVESTORS WHO HAD LOST EVERY THING, TO START FRESH INVESTMENTS. A COUPLE OF THROW OVERS ABOVE THE RESISTANCE LINE WILL INDUCE BULLS TO HOST GRAND PARTIES. THAT WILL BE THE PRECISE TIME WHEN 5TH DOWN WAVE OF WAVE "C" TRAPS EVERY ONE BY SURPRISE.  3RD MAJOR DOWN WAVE, WHICH HAD STARTED FROM  5299 ON 2ND MAY 08, WAS THE LARGEST DOWN WAVE OF 5 WAVES OF "C"  MAJOR.   

AT THE WORST CASE  "C" WAVE MAY TERMINATE JUST ABOVE THE TIP OF WAVE 1  OF THE BULL MARKET REACHED BY SENSEX & NIFTY ON 9TH JAN 2003 WHICH IS AROUND  6242 FOR SENSEX AND 2015 FOR NIFTY. HOWEVER THERE ARE MANY INSTANCES OF LOWS OF BEAR MARKETS RETESTING AND BREACHING THE HIGHS OF PREVIOUS BULL MARKETS. HOWEVER WHEN IT WILL REACH THERE IS DEBATABLE, PERHAPS BY ELECTION 2009 OR DURING THE DEVASTATING ASTROLOGICAL COMBINATIONS AROUND MIDDLE  OF  AUGUST 2009.THE MOST IMPORTANT FACTOR TO NOTE IS THAT ALL THE BIG FALLS WILL COME ABRUPTLY WITHOUT  ANY PRE INDICATION AND ALL THE RETRACEMENT  UP MOVES WILL BE BAFFLING, CROSSING  EXPECTED INTRADAY  RESISTANCES WITH  EASE  AND WITH VERY LOW VOLUMES.  STOCK MARKET PLAYERS  SHOULD   AND MUST REALIZE THAT MARKETS HAVE THEIR OWN UP & DOWN CYCLES   LIKE SEASON OR WEATHER OR INDUSTRIAL PRODUCTION OR PROFIT & LOSS CYCLES OR EVEN  THE  LUCK , HEALTH OR FINANCE CYCLES OF HUMAN BEINGS, WHICH IS A NATURAL PROCESS & NO AMOUNT OF  HUMAN EFFORT   HOWEVER STRONG CAN CHANGE  MARKET CYCLES. FIBONACCI  RULES GENERALLY GIVE  SOME CLUE TO THE DURATION & AMPLITUDE OF VARIOUS LONG OR SHORT CYCLES OF MARKETS. ONCE THE TIME IS UP THE CYCLE WILL CHANGE, SO IT IS WISER TO UNDERSTAND & OBEY NATURES LAWS AND FOLLOW THE CYCLIC TREND TO BENEFIT FROM  IT. (REFERENCE BOOK  ELLIOTT WAVE EXPLAINED )

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STOCK FUTURES FOR 12 MAY 09( 10  TRADING JEWELS FOR  12 MAY 09)   FOR SUBSCRIBERS

BULLISH / BEARISH  CASH & FUTURES FOR 12 MAY  09  :- -  FOR SUBSCRIBERS

(BUY  IN BULLISH MARKET CONDITIONS ONLY& SHORT IN BEAR MARKET CONDITIONS INTRADAY) 

   (SHORTING & COVERING SHORTS, BUYING & BOOKING PROFIT  POINTS FOR STOCK FUTURES AND NIFTY FUTURES  ARE FOR SUBSCRIBERS ONLY  TO BE SENT DIRECTLY TO THEM AS PER INTRADAY CHARTS DURING MARKET HOURS. )

 1 TO 10.  FOR SUBSCRIBERS ONLY

OPTION TRADING

TRADING ADVICE FOR SMALL CAPITAL TRADERS     ( RS.15,000 TO 20,000)(ONLY FOR SUBSCRIBERS  BY  SMS & YAHOO MESSENGER) AS & WHEN TRADING OPPORTUNITY COMES DURING THE DAY FOR THE UNDER MENTIONED ACTIVE OPTIONS 

DATA  GIVEN BELOW IS NOT UPDATED

1. TISCO 380 CALL                    BUY AT--SELL AT--

2.TISCO 360 PUT                      BUY AT----SELL AT--

3. ITC 180 CALL & PUT                BUY AT-- SELL AT 

4.RIL 2200 CALL                      BUY AT- SELL AT- 

5.RIL 2200 PUT                       BUY AT-SELL AT- 

6.CAIRN 220 CALL&PUT                 BUY AT -SELL AT-

7. NIFTY  FUTR                       BUY AT--SELL AT--

8. NIFTY 4100 CALL                   BUY - AT- SELL AT-     

9.NIFTY  4000   CALL                 BUY-AT--SELL AT--

10.NIFTY 4200 PUT                    BUY AT-- BUY AT 

11.NIFTY 4100 PUT                    BUY AT  SELL AT

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  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  2900 PUT SELL A LOWER OPTION SAY 2700 PUT IN CASE OF FALL IN MARKETS & RISE IN PUT VALUE, OR IN CASE HOLDING  2800CALL, THEN ON MARKET RISE WHEN CALL VALUE RISES SELL HIGHER CALL OF 3000 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 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 15 POINTS TO AVOID BIGGER LOSS IN CASE THE COMMUNICATION FROM ADVISERS SIDE FAIL DUE TO UNFORESEEN CIRCUMSTANCES
 

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 MAY NOT BE SUITABLE AFTER MARKET OPENS. SO  TRADE  ONLY ON PRICES SENT THROUGH  MOBILE SMS / Y. SMS)

Buying Trade:- FOR SUBSCRIBERS--SMS/ Y MSNGER 

SL.

        Name

Buy at

Stop loss

   Target

    Remarks

   1

Nifty Futr

Subscribers

 

 

 

 

 Buying Point For Subscribers Only

   2

 

subscriber

 

 

 

 

    DO

   3

 

--do--

 

 

 

 

   DO

   4

 

--do--

 

 

 

 

    DO

   5

 

--do--

 

 

 

 

    DO

SHORTING TRADE

SL.

        Name

Sell at

Stop loss

   Target

    Remarks

   1

NIFTY Futr

 

Also Short boldly if spot NSE  cross -- level(level for subscribers only)

   2

 

 

 

 

 

 

 Subscribers only

   3

 

 

 

 

 

 Subscribers only

   4

 

 

 

 

 

 

 Subscribers only

   5

 

 

 

 

 

 

 Subscribers only

  BUYING --                                                                                                   :RATE ONLY FOR

  SELLING --                                                                                                   SUBSCRIBERS

 


SERVICES  PROVIDED (MOST OF OUR ADVICE IS ONLY INTRADAY TRADING IN FUTURE & OPTIONS)

 
  1.FUTURES & OPTIONS INTRA DAY TRADING (Through Yahoo messenger  and  Mobile SMS ) 

 

  2.Intraday trading advice:- EQUITY CASH -- BUY & SHORT SELL INTRADAY & BTST,STBT ,


   3.Stock Investment advice for short, medium and long term.

 

   4.Swing Trading Advice.

 

   5.1 to 1  Tele chat regarding trade & held position (RATES DIFFERENT)

 

   6.Trade As Per  Your  HOROSCOPE  Indications (Date, time & place of birth required)

Mobile No.09391023729

Land Line:040-40146657

E-mail:-     pikpot@yahoo.co.in

 

OUR   PAST  PERFORMANCE

(WE DO NOT BELIEVE IN BOASTING OF  OUR  PAST PERFORMANCE

TO WASTE YOUR TIME BY FILLING  THE ENTIRE  SPACE HERE)

(Subscribers exactly know of our performance)


 OUR SUBSCRIPTION RATES

(For 30 trading days & not calendar month, for all new subscriptions starting from 1st April 09)

(Please add Rs.100/- per month   if tips by sms And + Rs.169/- for cash deposit in ICICI  or Rs.110/- for cash deposited in  HDFC Bank  respectively

 

Services

Monthly

(Rs.)

3 / 6months

(Rs.)

SMS On Mobile +Yahoo Messenger 

1.Futures, Options& cash(combined nifty futr,options& stockfutr, options & cash) 

 

2.Only Nifty Futr&Options(2NiftyFutr+2 nifty option.Intraday Trades  as per graph, Sure shot,no carry forward)

3.For Options Only (Both Nifty & active stock options)

 

4.Guaranteed A. (Both stock & nifty futr & option,subscription refunded in cas no gain) Only 2 high margine stock Futrs,2 nifty futr & 2 Options Tips in a Day.Traders with At least 3 To 5 Lakh Capital Only To Enter This Scheme

B. GUARANTEED  WITH 1 STOCK FUTR, 1 NIFTY FUTR AND 1 OPTION TIP DAILY

5.Profit Sharing (Only Guaranteed Nifty Trade of Minimum 20 or 10lots trading in small batches of 2,3 & 5 lots at a time

 

 

2500

 

 

 

 

2000

 

 

 

 

1500

 

 

 

10000

 

 

 

 

 4000PM

(Please add Rs.100/-for Tips by mobile sms to all 5 above)

 

 

2000 PM

(entry fee)

20% OF TOTAL DAILY PROFIT TRANSFERRED SAME NIGHT

 

 

 

 6500(12000 for 6 months

 

 

 

 

5000(9000For 6 months)

 

 

 

 

4000(7500 for 6 months)

 

 

 

 

25000

 

 

 

 

10000

(Please add Rs.300/-for Tips by mobile sms to all above)

  (Only 1 option call  out of 4 to 6 daily trading  future & option calls with only 
 about Rs.20000/-investment with your broker can give you back your monthly  /  quarterly  subscription  charges. Just try & see for yourself) 

TRIAL :-THERE IS NO FREE TRIAL

BANKING DETAILS

NAME:-  Pradipta  Kumar  Patnaik

HDFC BANK A/C NO. 00421330005405    (SECUNDERABAD BRANCH)
ICICI BANK A/CT NO. 630801532020   ( SECUNDERABAD BRANCH )

(Online Transfer or Cheque/Cash deposit, Demand Draft Or Money Order)

(For Cash Deposit, FOR ICICI Bank add Rs.169/- & FOR HDFC  bank  add RS.110/- as  banks service charge) 

 Send:-- NAME, MOBILE NUMBER, YAHOO ID, PACKAGE PAID FOR & BANK, BY E-mail (MUST)after your payments to get trading Calls) 


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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