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MARKETS  FOR 28 MAR 2017

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

PLEASE DO NOT FOLLOW THE OUTDATED CHART BELOW  
 

 


 

 



 

 

 

 

MARKETS FOR  TUESDAY 28THMAR NIFTY CONTINUED WITH THE CORRECTION ON MONDAY AND MADE A LOW OF 9024 SPOT JUST ABOVE 22ND MARCH SWING LOW OF 9019. MOST LIKELY EXTERNAL OPERATORS & INTERNAL MANIPULATORS WILL PULL NIFTY DOWN BELOW THE 22ND MARCH SWING LOW OF 9019 SPOT TO CLOSE BELOW IT  OR BELOW 9000 LEVELS TO GENERATE SOME PANIC AMONG WEAKER HANDS. SO, THE IDEAL SOLUTION TO OVERCOME THE MANIPULATORS MENACE IS, AVOID ANY FRESH POSITIONS TILL MARCH EXPIRY IS OVER.

 IF SOME ONE HAS TO TRADE OR TAKE POSITIONS, THEN BRUTALLY SHORT MARCH MONTH 9100 CALLS ON INTRADAY RISE OR SELL 8900 PUTS ON INTRADAY FALLS & HOLD THESE TILL EXPIRY. IT IS BETTER TO TRADE IN APRIL FUTURES & OPTIONS AS THERE WILL BE LOT OF OPERATORS ACTION TO MANIPULATE THE INDEX, STOCK FUTURES  OF MARCH SERIES DURING NEXT TWO THREE DAYS TILL EXPIRY. OPERATORS OF DOW FUTURES & SGX NIFTY MANIPULATORS WILL PLAY THEIR MANIPULATIVE ROLE TO THE MAXIMUM DURING THE DAYS TILL EXPIRY ON 30TH  MARCH. SO, IT IS WISER TO AVOID TRADING IN MARCH FUTURES OR BUYING OF MARCH OPTIONS TILL EXPIRY DAY SO AS TO AVOID GETTING TRAPPED BY THE OPERATORS & MANIPULATORS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, A FAILURE ON THE PART OF NIFTY FUTURES TO RISE ABOVE 9090 WILL BE THE SIGNAL TO TRADE SHORT. SIMILARLY A SLIDE TO STAY BELOW 9045 SHOULD BE USED TO DOUBLE SHORT. ANY APPROACH OR INTRADAY RISE TOWARDS 9090 FUTURE LEVELS CAN BE SHORTED WITH STOP LOSS ABOVE IT TO REVERSE AND GO LONG. AFTER THE INTRADAY RISE IN CASE NIFTY FUTURE FALLS  BELOW 9066 THEN IT WILL BE THE EARLY SIGNAL FOR WEAKNESS IN NIFTY FUTURES. SIMILARLY IN CASE FUTURE FALLS FIRST TOWARDS MONDAY’S LOWS OF 9035 OR LOWER LEVELS  THEN AN INTRADAY RISE TO BREACH 9075 WILL BE SIGN OF STRENGTH TO TRIGGER SHORT COVERING.

THE BEST TRADE TILL EXPIRY IS AVOID FUTURES & USE INTRADAY RISES TO BRUTALLY SHORT HIGHER CALLS OF 9100 OR USE INTRADAY DECLINES TO SELL  LOWER PUTS OF 8900 TO POCKET THE PREMIUMS IN THESE OPTIONS.

MARKETS FOR  MONDAY 27TH  MAR NIFTY MADE A LOWER WEEKLY HIGH, LOWER WEEKLY LOW AND A LOWER WEEKLY CLOSING. SO, AFTER SOME RISE NIFTY AS WAS MENTIONED LAST WEEK BELOW, TOOK A PAUSE WHICH OFFERS THE BEST OPPORTUNITY TO BOLDLY BUY ON INTRADAY  DECLINES IF AT ALL IT COMES. NIFTY HAD EARLIER MADE A LIFE TIME HIGH OF 9119 SPOT ON 4TH MARCH 2015. AFTER CORRECTION TILL 2016 BUDGET DAY LOW OF 6825, NIFTY SHOT UP AS THE START OF NEW UP WAVE AS PART OF THE MAJOR 5TH UP WAVE TO THE LONG TERM BULL MARKET.

THE 1ST UP WAVE IN THIS NEW WAVE COUNT WENT UP TILL 7TH SEPT HIGH OF 8969 SPOT, THE 2ND CORRECTIVE DOWN WAVE CAME DOWN TILL 26TH DECEMBER LOWS OF 7893. FROM HERE ON THE 3RD UP WAVE HAS STARTED THAT SHOULD SEE MUCH MUCH HIGHER LEVELS. SO JUST CLOSE THE EYES AND TRUST THE ELLIOTT WAVE COUNT TO SEE AT LEAST 10000+ NIFTY LEVELS WITHOUT ANY TRACE OF DOUBT IN THE MIND. CORRECTIONS WILL BE THERE IN BETWEEN BUT THESE CORRECTIONS LIKE THE ONE LAST WEEK SHOULD BE TREATED AS GOD SENT OPPORTUNITIES TO BOLDLY BUY FOR LONG TERM SUPER GAINS.

DURING THE CORRECTION OF LAST WEEK, NIFTY FELL TOWARDS RISING 20 DMA AROUND 8989 BUT BOUNCED FROM  22ND MARCH LOWS OF 9019 TO AGAIN BREACH THE EARLIER LIFE TIME HIGH OF 9119 ON FRIDAY 24TH MARCH. THE LOW MAKING CANDLE OF 22ND MARCH WAS A NR SPIN TOP CANDLE WITH HIGH OF 9073 SPOT AND ON 23RD MARCH, THE GREEN CANDLE BREACH THIS HIGH OF 9073 AND CLOSED ABOVE IT AT  9086 WHICH IS ANOTHER BULLISH SIGNAL TO GO LONG WITH STOP LOSS BELOW 22ND MARCH SWING LOWS OF 9019 SPOT ON A CLOSING BASIS TO REVERSE FOR SHORTS.

SPOT NIFTY ZONE OF 9131 TO 9139 IS A CRITICAL ZONE A BREACH OF WHICH TO CLOSES AT LEAST A 15 MINUTE CANDLE ABOVE THIS ZONE ON ANY DAY WILL TRIGGER MASSIVE SHORT COVERING TOWARDS MUCH HIGHER LEVELS. ON THE LOWER SIDE 9090 TO 9060 ARE SUPPORT LEVELS FOR SPOT NIFTY WHERE ONE MUST BUY FOR GREAT GAINS IN APRIL MONTH.

DO NOT WORRY FOR NEWS ON RELIANCE, HOLD IF HOLDING RELIANCE AND BOLDLY BUY ON TUESDAY OR WEDNESDAY FOR VERY GOOD LONG TERM GAINS. EVERY SLIDE IN RELIANCE TOWARDS 1250 TO 1230 WILL PULL IN BIG PLAYERS TO ACCUMULATE THIS WHITE ELEPHANT. TILL SUCH TIME IT DOES NOT CLOSE BELOW 2ND MARCH DOJI LOW OF 1227, EVERY DECLINE FOR THIS STOCK IS A GOLDEN OPPORTUNITY TO BUY & ACCUMULATE. BE ABSOLUTELY SURE IN YOUR MIND THAT RELIANCE WILL SHOOT UP TO BREACH 18 JANUARY 2008 HIGH OF 1649 TO MOVE TOWARDS 3000 IN NEXT FEW MONTHS.

FOR INTRADAY TRADING OF NIFTY FUTURES, BNF , STOCKS FUTURES & OPTIONS ETC ON MONDAY, THESE ARE FOR SUBSCRIBERS ONLY.

 

UPDATING WILL RESUME FROM MONDAY 27TH MARCH

MARKETS FOR 20 TO 24 MAR ALTHOUGH MARKETS LOOK HIGHLY BULLISH, YET IT IS BETTER TO BOOK SOME PROFIT DURING THE WEEK AND HAVE A  BREAK. RELAX OR GO ON A HOLIDAY FOR A FEW DAYS TO BE AGAIN FRESH FROM WEEK STARTING FROM MONDAY 27TH MARCH TO RESUME THE BUYING .

MARKETS FOR  FRIDAY 17THMAR FINALLY SPOT NIFTY BREACHED AND MORE IMPORTANTLY CLOSED ABOVE THE 4TH MARCH 2015 LIFE TIME HIGH OF 9119 SPOT. THURSDAY’S CLOSING OF SPOT NIFTY AT 9157 VERY NEAR THE DAY HIGH OF 9158 IS A MEGA BULLISH INDICATION THAT SHOULD BE FULLY USED TO BOLDLY ADD  ON TO THE LONG POSITIONS ON EVERY INTRADAY DECLINE. SPOT NIFTY NEEDS TO FALL AND CLOSE MUCH BELOW 9060 FOR A DAY OR TWO TO REVERSE THE TREND  FOR BIGGER CORRECTIONS OTHERWISE EVERY INTRADAY DECLINE TOWARDS 9100 OR EVEN 9060 SPOT IS CERTAINLY A BUY. DON’T BOTHER FOR THE FRIDAY OR ANY THOUGHT OF  WEEKEND CORRECTION ETC MAY COME TO BE NOT VERY FAR OFF FROM LAST FRIDAY’S HIGHS OF 8977 SPOT, IN FACT MARKET WILL DO THE OPPOSITE TO SHOOT UP ONLY . AT THE WORST CASE EXPECT A FLAT DAY.

FOR INTRADAY TRADING OF NIFTY FUTURES, A FAILURE TO MOVE UP AND STAY ABOVE 9200 CAN BE SHORTED  WITH STOP LOSS ABOVE 9200 . AFTER THE RISE, IN CASE FUTURE FALLS BELOW 9166 THEN IT BECOMES MORE WEAK AND MONSTER SHORTS CAN PILE UP SHOULD THE BULLS ALLOW FUTURES TO SLIDE  & STAY BELOW 9150 IN WHICH CASE LOWER LEVELS OF 9130 OR 9120 OR EVEN MUCH  LOWER LEVELS CAN BE TESTED. USE DECLINES TO BUY AND HOLD IF YOU ARE NOT AN INTRADAY TRADER. INTRADAY TRADERS CAN TRADE BOTH LONG AND SHORT TO TAKE ADVANTAGE OF MARKET VOLATILITY.

 

MARKETS FOR THURSDAY 16THMAR AFTER THE BIG RISE OF TUESDAY, NIFTY TOOK THE EXPECTED PAUSE ON WEDNESDAY & THESE PAUSES OR MILD CORRECTIONS ARE MEGA BUYING OPPORTUNITIES. FOR THURSDAY’S INTRADAY TRADING, NIFTY FUTURES TURNS STRONG IF STAYS ABOVE WEDNESDAY’S HIGHS OF 9130 TO 9133 FUTURE ZONE TOWARDS HIGHER TARGETS OF TUESDAY’S HIGHS OF 9158 TO 9168 ZONE.

A FAILURE TO STAY ABOVE 9130 TO 9133 FUTURE ZONE CAN SEE LOWER LEVELS TOWARDS SUB 9100 LEVELS. A FURTHER SLIDE TOWARDS TUESDAY’S LOWS OF 9080 TO 9075 TO BREACH THIS ZONE & STAY BELOW IT WILL MAKE NIFTY FUTURES MORE WEAK TOWARDS 9050. AFTER A FALL , IN CASE NIFTY FUTURE RISES TO BREACH 9119 THEN IT WILL TRIGGER MEGA SHORT COVERING TOWARDS MUCH HIGHER LEVELS.

USE DECLINES TO BUY AND DON’T WASTE TIME IN LISTENING WHETHER FED WILL RAISE RATES 3 OR 4 OR 7 TIMES DURING THE YEAR. A FED RATE HIKE IS A BULLISH INDICATION THIS TIME. SO, IN CASE OF A  FALL IN INDIAN MARKETS BOLDLY BUY.

MARKETS FOR WED 15THMAR AS EXPECTED, NIFTY OPENED WITH A MONSTER GAP UP NEAR 9090 SPOT, BREACHED THE OLD LIFE TIME HIGH OF 9119 TO MAKE A NEW HIGH OF 9122 AND CONTINUED TO REMAIN FLAT FOR THE WHOLE DAY TO FINALLY CLOSE AT 9076 SPOT MUCH HIGHER THAN THE EARLIER 3RD MARCH 2015 CLOSING HIGH OF 8996. THESE ARE HIGHLY BULLISH INDICATIONS AND BE SURE TO SEE NEW HIGHS BEING MADE DAY AFTER DAY WITH MILD PAUSES IN BETWEEN. SO LOOK FOR INTRADAY DECLINE TOWARDS PREVIOUS DAYS LOWS TO BOLDLY BUY. WHENEVER NEW HIGHS OR CLOSING HIGHS ARE MADE ABOVE THE RESISTANCE LINE, NIFTY GENERALLY INCHES UP TO MAKE MORE & MORE NEW HIGHS WITH PAUSES OR MILD CORRECTIONS IN BETWEEN. SO USE THESE PAUSES OR MILD CORRECTIONS TO BUY FOR LONG TERM GAINS.

FOR INTRADAY TRADING OF NIFTY FUTURES, IT CONTINUES TO REMAIN STRONG AS LONG AS IT STAYS ABOVE 9120 TO 9125 ZONE TOWARDS HIGHER TARGETS OF TUESDAYS HIGHS NEAR 9158 OR HIGHER LEVELS. A FAILURE TO BREACH AND & STAY ABOVE 9120 TO 9125 ZONE WILL WEAKEN FUTURES  & AFTER A RISE A FALL TO BREACH 9108 WILL FURTHER WEAKEN FUTURES TO TEST TUESDAYS LOWS OF 9077 OR LOWER LEVELS.

(REMAINING INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 MARKETS FOR TUESDAY 14THMAR JUST FORGET EVERYTHING AND HAVE A LOOK AT THE OLD NIFTY CHART ABOVE WHICH IS FROM JAN 2005 TO JUNE 2014.NOW BE ABSOLUTELY SURE TO SEE THE TARGET OF 10444 FOR SPOT NIFTY  IN NEXT FEW MONTHS DUE TO THE CUP & HANDLE IN THE CHART ABOVE . THE LONG TERM CUP & HANDLE SHOWN IN THE  ABOVE CHART WILL AT LEAST  SEE 10444  ALTHOUGH HIGHER LONG TERM TARGET OF 12122 IS DEFINITELY ON THE CARDS.

THERE IS ANOTHER CUP & HANDLE FORMED BETWEEN 4TH MARCH 2015 & 10TH MARCH 2017. (NOT GIVEN IN THE OLD CHART ABOVE). ON 4TH MARCH 2015 NIFTY HAD MADE A HIGH OF 9119 THE LEFT HIGH OF THE CUP. ON BUDGET DAY 29TH FEB 2016 NIFTY MADE A LOW OF 6825 THE BOTTOM OF THE CUP. ON 7TH SEPT 2016 NIFTY MADE A HIGH OF 8969 THAT WAS THE RIGHT HIGH OF THE CUP AND START OF THE CUP HANDLE. ON 26 DEC 201 NIFTY MADE A DOUBLE BOTTOM LOW OF 7893 THAT WAS THE LOW OF THE HANDLE. BETWEEN 23RD FEB  2017 TILL 10TH MARCH 2017 FROM AROUND  8982 TO 8960 THE HANDLE GOT COMPLETED. SO,  DRAWING A RESISTANCE LINE FROM 4TH MARCH 2015 LIFE TIME HIGHS OF 9119 TO 8969 & THEN TOWARDS 8982  BECOMES THE NECK LINE WHICH IS AROUND 2250 POINTS FROM BASE OF THE CUP AT 6825 THAT WILL BE CUT ACROSS TO GIVE AT LEAST 2250 POINTS FROM THE NECK LINE NOW AROUND 8960 TOWARDS 11200. BE ABSOLUTELY SURE ABOUT THIS AND TAKE POSITIONS ACCORDINGLY.

THERE WILL BE MANY IN THE FINANCIAL CHANNELS WHO ARE BADLY SHORT IN THE MARKETS &  WILL MISGUIDE YOU, SAYING VALUATIONS, FED RATE, QUARTERLY RESULTS, TWO CONSECUTIVE MONTHLY RISE IN  JAN & FEB ETC. EVEN FOREIGN ANALYSTS WITH BEARISH MENTALITY WILL BE PULLED IN TO GIVE THEIR BEARISH OPINION. JUST IGNORE THESE HYPOS & BEARS AND LOOK FOR TARGETS OF 10000 TO 12000 IN NIFTY IN NEXT FEW MONTHS AND USE EVERY PAUSE OR DECLINE TO BOLDLY BUY NIFTY FUTURES, CALLS AND STOCKS WHICH ARE MARKET LEADERS IN THEIR RESPECTIVE SECTORS TO BUY ONLY, FOR REAL FORTUNE IN 2017.

SECTORS WHICH HAVE CORRECTED RECENTLY WILL BE THE BIGGEST GAINERS. SECTORS LIKE PSUs, INTEGRATED LARGE CAP STEEL, INFRA, OIL & GAS, RETAIL CONSUMER & GST RELATED SECTORS & STOCKS WILL HAVE GREAT GAINS.

JUST IGNORE WHOEVER SAYS AFTER TWO MONTHS OF RISE IN JAN & FEB, MARCH WILL SEE A FALL OR PAUSE. TAKE YOUR MIND BACK TO 2016 MARCH TO NOVEMBER WHEN NIFTY HAD 9 CONSECUTIVE MONTHS OF HIGHER HIGHS.

ALL LONG POSITION HOLDERS BOLDLY HOLD LONGS AND USE EVERY DECLINE OR PAUSE DUE TO PROFIT BOOKING BY WEAKER HANDS TO BUY & BUY ONLY. BE SURE MARKETS WILL NOT GO UP IN A STRAIGHT LINE BUT WILL PAUSE, CORRECT TO MOVE MORE HIGHER & HIGHER TOWARDS 10400, & 12000 NIFTY LEVELS. SO, LONG TERM BUYERS ON DECLINES WILL HAVE GREAT ADVANTAGE DUE TO THE BREAKOUT OF THE NECK LINE OF THE CUP & HANDLE FORMATION. HOWEVER INTRADAY TRADERS CAN TRADE BOTH WAYS LONG & SHORT TO TAKE ADVANTAGE OF INTRADAY FLUCTUATIONS. (INTRADAY TRADING LEVELS FOR NIFTY FUTURE, STOCK FUTURES, OPTIONS & BNF ARE FOR SUBSCRIBERS ONLY)

 

UPDATING WILL RESUME  FROM TUESDAY 14TH MARCH. HOWEVER ALL SUBSCRIBERS WILL GET THE DAILY TRADING LEVELS AS USUAL

MARKETS FOR  WED 8TH  MAR NIFTY FUTURES HAD A VERY NARROW CANDLE DAY OF ONLY 29 POINTS, CONFINED WITHIN THE HIGH OF 8989 AND LOW OF 8960. MOST LIKELY THIS NARROW RANGE DAYS WILL CONTINUE TILL END OF THIS WEEK WITH INDIVIDUAL STOCKS SHOWING VERY GOOD MOVEMENTS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, NIFTY FUTURES STAYING ABOVE TUESDAYS HIGH OF 8989 TO 8995 ZONE IS A SIGN OF STRENGTH TO TRADE LONG & A FAILURE TO APPROACH 8989 TO 8995 FUTURE ZONE CAN BE USED TO TRADE SHORT WITH STOP LOSS ABOVE THIS ZONE TO REVERSE AND GO LONG.

SIMILARLY ON THE DOWN SIDE IN CASE NIFTY FUTURE BREACHES TUESDAY’S LOWS OF 8960 AND MORE IMPORTANTLY STAYS BELOW IT THEN NIFTY TURNS WEAK FOR INITIATING SHORTS. HOWEVER A FAILURE TO BREACH AND STAY BELOW TUESDAYS LOWS CAN BE USED TO TRADE LONG WITH STOP LOSS BELOW IT TO REVERSE AND TRADE SHORT.

LOOK FOR SOME DECLINES TO BOLDLY ADD RELIANCE INDUSTRIES AS IT WILL TEST 2000 PLUS LEVELS IN NEXT FEW MONTHS. HOLDERS OF RELIANCE  CAN USE EVERY PAUSE TO BOLDLY BUY RELIANCE FOR GREAT GAINS IN 2017.

 

MARKETS FOR  TUESDAY 7TH  MAR LOOK FOR A DECLINES TOWARDS 8944 FUTURES AND BOLDLY BUY. A FAILURE  TO BREACH AND STAY ABOVE 9000 FUTURES IS A SIGN OF WEAKNESS TO TRADE SHORT WITH STOP LOSS ABOVE 9000 FUTURES TO REVERSE AND BUY. SO TRADE SHORT IN CASE FUTURES CAN NOT BREACH & STAY ABOVE 9000 AND ALSO TRADE SHORT IN CASE FUTURES FALLS & STAYS BELOW 8955 AND ADD MORE SHORTS IF FUTURE CLOSES A 30 MINUTE CANDLE BELOW 8944. TRADE LONG ABOVE 8989 AND ADD MORE LONGS IF FUTURE BREACHES 9000.

JUST DON’T BOTHER FOR THE OUTCOME OF U P EXIT POLLS. WHETHER BJP WINS OR LOSES THE  U P POLLS, THE MARKETS WILL SKY ROCKET AFTER THE POLL RESULTS SIMILAR TO WHAT HAPPENED IN US AFTER TRUMP’S VICTORY. THESE EXIT POLL NEWS ETC ARE THE FODDER FOR FINANCIAL CHANNELS TO EARN THEIR BREAD BY UNNECESSARILY MAKING IT A SENSATIONAL  ISSUE LIKE WAS DONE FOR US ELECTIONS, BREXIT ETC. SO JUST BOLDLY BUY THE DECLINES & HOLD WHENEVER YOU FIND ANY NEGATIVE OR MARKET UNFRIENDLY MANIPULATED NEWS BY THESE FINANCIAL CHANNELS

MARKETS FOR  MONDAY 6TH  MAR

NIFTY HAD A NEGATIVE WEEKLY CLOSING AT 8898 SPOT COMPARED TO ITS PREVIOUS WEEKLY CLOSING OF 8939 SPOT. THIS NEGATIVE WEEKLY CLOSING BY A SMALL AMOUNT AFTER 5 CONSECUTIVE WEEKS OF  HIGHER CLOSINGS  IS NOTHING UNUSUAL AND NIFTY SHOULD RESUME ITS UP MOVE SHORTLY. HOWEVER TILL SUCH TIME THURSDAY’S DEADLY BEARISH ENGULFING CANDLE IS NOT NULLIFIED BY BREACHING THURSDAYS HIGHS OF 8992 SPOT & 9018 FUTURES, BULLS WILL KEEP ON SHIVERING ON EVERY FALL & WILL NEED LION’S HEART TO JUMP IN AND BOLDLY BUY IF NIFTY DECLINES TOWARDS 8860 TO 8850 SPOT & FUTURES.

HOWEVER ON ANY SESSION SHOULD SPOT NIFTY BREACH & STAY ABOVE 8999 SPOT (9018 FUTURES), ONE CAN FORGET ALL SHORTS AND WRITTEN CALLS TO QUICKLY REVERSE AND GO DOUBLE LONG IN FUTURES  AND CALLS. EVEN A FAILURE TO BREACH AND MORE IMPORTANTLY A FAILURE TO  CLOSE BELOW FRIDAY’S LOWS OF 8860 SPOT & 8872 FUTURES IS GOOD ENOUGH TO GRADUALLY QUIT SHORTS AND ADD LONGS.

FOR MONDAY’S INTRADAY TRADING PURPOSE, AS LONG AS NIFTY FUTURES STAYS ABOVE 8900, IT WILL REMAIN STRONG. A BREACH AND STAY ABOVE 8949 TO 8956 FUTURE ZONE SHOULD BE USED TO BOLDLY TRADE LONG TOWARDS  HIGHER INTRADAY TARGETS OF 8979 TO 8989 ZONE OR HIGHER LEVELS. A FAILURE TO BREACH AND STAY ABOVE 8949 TO 8956 FUTURE ZONE CAN BE USED TO TRADE SHORT AND MORE SHORTS BE ADDED IN CASE  NIFTY FUTURES SLIDES BELOW 8888. MERCILESS SHORTING MAY BE RESORTED TO INCASE NIFTY FUTURES SLIDES BELOW 8878 TO SEE LOWER LEVELS OF 8858 TO 8950 OR EVEN LOWER LEVELS.

 MARKETS FOR  FRIDAY 3RD MAR NIFTY ALTHOUGH BREACHED 8982 SPOT  TO REACH TILL 8992 YET IT COULD NOT CLOSE ABOVE 8982. IT ALSO COULD NOT CLOSE ABOVE 7TH SEPT 2016 SWING HIGH OF 8969 SPOT. (ALWAYS REMEMBER IT IS IS THE CLOSING WHICH IS IMPORTANT & NOT THE OPERATOR DRIVEN SPIKES TO TRIGGER STOP LOSSES). NIFTY ON THURSDAY MADE A HIGHER HIGH  LOWER LOW AND A LOWER CLOSING & WHAT LOOKS MORE DANGEROUS IS THE FORMATION OF A DEADLY BEARISH ENGULFING CANDLE ON THURSDAY. A SLIDE TO BREACH 28TH FEB LOWS OF 8866 SPOT & 8884 FUTURES TO CLOSE BELOW IT WILL DEFINITELY SEE MUCH BIGGER FALLS TOWARDS MUCH LOWER LEVELS DURING NEXT FEW DAYS. BULLS MAY PREFER TO CONVERT THEMSELVES AS BEARS IN CASE NIFTY CLOSES THE WEEK OR ON ANY DAY BELOW 8866 SPOT & 8884 FUTURES.

NOW NIFTY HAS TO MOVE UP TO BREACH 8992 SPOT & 9018 FUTURES WHICH WERE THE HIGHS OF THE BEARISH ENGULFING CANDLE OF 2ND MARCH IN ORDER TO NULLIFY THE DEADLY EFFECT OF THE BEARISH ENGULFING DAILY CANDLE OF 2ND MARCH. A FURTHER OPERATOR ORCHESTRATED FALL ON FRIDAY TO BREACH 8866 SPOT & 8884 FUTURES WILL SEE NIFTY FALLING TOWARDS 8833 TO 8822 SPOT & 8868 TO 8838 FUTURES FOLLOWED BY MAJOR SUPPORT OF 8700 TO 8710 SPOT & 8766 TO 8755 FUTURES NEXT WEEK ITSELF.

 AT THE PRESENT MOMENT IT IS WISER TO BRUTALLY SHORT 9000 AND 8900 CALLS ON EVERY INTRADAY RISE OR ADD 9000 & 8900 PUTS IN CASE ONE IS STILL HOLDING LONG FUTURES. SHORT POSITION HOLDERS MAY CONTINUE TO HOLD SHORTS WITH STOP LOSS ABOVE 2ND MARCH HIGHS OF 8992 SPOT AND 9018 FUTURES ON A CLOSING BASIS TO REVERSE AND GO DOUBLE LONG ABOVE THESE SWING HIGHS. BE READY TO SEE SGX NIFTY MANIPULATORS SHOWING A HIGHLY NEGATIVE VALUE FOR NIFTY ON THE MORNING OF FRIDAY.

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

 

MARKETS FOR  THURSDAY 2NDMAR NIFTY AFTER TWO DAYS OF FALLS ON MONDAY & TUESDAY, REVERSED ON WEDNESDAY. THE REVERSAL OF WEDNESDAY WAS SO POWERFUL THAT IT BREACHED AND CLOSED ABOVE TUESDAY’S HIGH OF 8915. THE CLOSING ON WEDNESDAY AT 8939 SPOT THREATENS THE 23RD FEB EXPIRY DAY HIGH OF 8982 SPOT A BREACH AND CLOSE ABOVE WHICH WILL CERTAINLY PAVE THE WAY FOR NEW LIFE TIME HIGHS ABOVE 4TH MARCH 2015 HIGHS OF 9119 THIS MARCH ITSELF. SO FAR, SPOT NIFTY HAS NOT CLOSED ABOVE THE 7TH SEPT 2016 SWING HIGH OF 8969 ALTHOUGH IT HAS BEEN BREACHED ON 23RD FEB 2017 EXPIRY DAY INTRADAY HIGH OF 8982.

EVEN A CLOSE ABOVE 8969 SPOT IS GOOD ENOUGH TO ASSUME THAT AFTER TWO CORRECTIVE  DAYS ON 27TH & 28TH FEB NIFTY HAS RESUMED ITS BULL RUN AND FRESH SWING LONGS INITIATED ABOVE 8935 FUTURES ON WEDNESDAY SHOULD BE CONTINUED TO BE HELD, TILL SUCH TIME NIFTY DOES NOT FALL TO BREACH AND MORE IMPORTANTLY CLOSE BELOW 28TH FEB LOWS OF 8868 SPOT & 8884 FUTURES. ADD MORE LONGS IN A RHYTHMIC PATTERN IN CASE SPOT NIFTY CLOSES ABOVE 8969 & 8989 TO SEE NEW LIFE TIME HIGHS ABOVE 9119 DURING THIS MARCH ITSELF.

FOR THURSDAY’S INTRADAY TRADING , HAVE STOP LOSS BELOW 8969 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS AND USE EVERY INTRADAY DECLINE TO TRADE LONG. TRADE SHORT IN CASE A 30 MINUTE CANDLE CLOSES BELOW 8969 FUTURES. MORE SHORT BE ADDED IN CASE 8949 FUTURE(8933 SPOT) IS BREACHED AND A 30 MINUTE CANDLE CLOSES BELOW IT. A BREACH & STAY ABOVE 8998 FUTURES IS A SIGN OF STRENGTH TO ADD MORE LONGS FAILING WHICH SHORTS CAN BE INITIATED WITH A STOP LOSS.

MARKETS FOR  WED 1ST MAR AFTER TWO DAYS OF LOWER HIGH, LOWER LOW AND LOWER CLOSINGS, EXPECT A PAUSE DAY OR A MILDLY BULLISH DAY  BUT WITHIN THE OVERALL BEARISHNESS. ONE CAN USE DECLINES TOWARDS  TUESDAY’S LOWS OF 8884 TO 8880 FUTURES TO TRADE INTRADAY LONGS. IN CASE NIFTY FUTURES CAN NOT BREACH AND STAY ABOVE 8930 TO 8935 FUTURE ZONE THEN BRUTALLY TRADE SHORT AGAIN WITH STOP LOSS ABOVE THE ZONE TO REVERSE AND TRADE LONG.

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

MARKETS FOR  TUESDAY 28TH FEB AS WAS PREDICTED, THE DOWN SWING HAS STARTED. NIFTY MADE A LOWER LOW, LOWER HIGH AND LOWER CLOSING WITH SPOT 8982 BEING A PERFECT SWING HIGH, SUGGESTING THAT ONE MUST DOUBLE HIS SHORT POSITIONS. NIFTY ALSO HAS CLOSED A 30 MINUTE CANDLE BELOW THE CRITICAL 8900 SPOT AND 8930 FUTURES SUGGESTING ONE TO TRIPLE OR EVEN QUADRUPLE THE SHORT POSITIONS ON INTRADAY RISE OR EVEN A PAUSE WITH STOP LOSS  ABOVE 8951 SPOT OR 8959 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS. SWING SHORTERS MAY BOLDLY ADD MORE AND MORE SHORTS WITH STOP LOSS ABOVE 8982 SPOT AND 8989 FUTURES ON A DAILY CLOSING BASIS TO REVERSE AND GO LONG AGAIN.

FOR INTRADAY TRADING OF NIFTY FUTURES, IF IT FAILS TO BREACH AND STAY ABOVE 8949 TO 8959, CLOSE YOUR EYES AND TRADE SHORT. EVEN SHORTING CAN BE INITIATED WITH SLIGHT INTRADAY RISE  TOWARDS 8939  AFTER  THE OPEN WITH STOP LOSS ABOVE 8959 TO REVERSE FOR LONGS. IN CASE NIFTY FUTURE FALLS INITIALLY THEN A SLIDE BELOW 8895 TO 8889 SHOULD BE USED TO INITIATE CARGO SHORTS. HOWEVER AFTER THE FALL OR ANY TIME DURING THE DAY NIFTY FUTURE RISES & STAYS ABOVE 8942 THEN ONE SHOULD QUIT SHORTS AND TRADE LONG. MORE LONGS BE ADDED IN CASE IT STAYS ABOVE 8959.

MARKETS FOR  MONDAY 27TH FEB ENOUGH MONEY HAS BEEN MADE BY SWING TRADERS ON REMAINING LONG FOR TWO MONTHS STARTING FROM NEW YEAR OF JANUARY 2017 TILL EXPIRY DAY OF 23RD FEB 2017. ALTHOUGH TECHNICALS STILL REMAIN BULLISH YET THERE ARE SOME TRICKY ASTROLOGICAL COMBINATIONS SUGGESTING A FALL IN   INDIAN MARKETS. IN VIEW OF THESE PLANETARY SETUPS, ALL SWING LONG HOLDERS WHO ARE STILL HOLDING LONG AFTER THE FEB EXPIRY, CAN BOOK PROFIT / QUIT LONGS ON INTRADAY RISE OR AT ANY PRICE ON MONDAY AND LOOK FOR ANY MINOR INTRADAY RISE OR A RISE TOWARDS FEB EXPIRY DAY HIGH OF 8982 SPOT OR 8998 FUTURES TO INITIATE FRESH SWING SHORTS. IF ONE DOES NOT WANT TO TRADE SHORT IN FUTURES THEN HE CAN WRITE(SHORT) 9100 CALLS OR EVEN 9000 CALLS AND HOLD WITH LONG FUTURES. BUY-ONLY  OPTION TRADERS CAN BUY PUTS OF 8900 OR 8800 ON ANY INTRADAY RISE.  HOWEVER INTRADAY TRADING IS ALTOGETHER A DIFFERENT BALL GAME AND ONE SHOULD TRADE BOTH WAYS. A 30 MINUTE CANDLE CLOSING BELOW 8905 TO 8900 SPOT ZONE & BELOW 8930 FUTURES WILL BE A TECHNICAL CONFIRMATION TO INCREASE SHORT POSITIONS. A 30 MINUTE CANDLE CLOSE ABOVE 8989 SPOT OR 9019 FUTURES ON ANY DAY IS A GREEN SIGNAL TO QUIT SHORTS AND REVERSE FOR LONGS AGAIN.

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

UPDATING WILL RESUME FROM MONDAY 27TH FEB. USE EVERY DECLINE TO GO LONG WITH STOP LOSS BELOW 8800 ON A CLOSING BASIS

MARKETS FOR  TUESDAY 21ST  FEB HAVE A CLOSER LOOK AT THE DAILY CHARTS OF SPOT NIFTY & SEE THE CANDLE FORMATION ON MONDAY 20 FEB IN RELATION TO ITS PREVIOUS DAY’S CANDLES OF  17TH FEB & THEN DECIDE FOR YOURSELF WHAT TO DO, WHETHER TO LOOK FOR SLIGHTEST AMOUNT OF PAUSE OR INTRADAY DECLINE TO BOLDLY ADD ON TO THE LONG POSITIONS WITH A STOP LOSS BELOW 8800 SPOT ON A CLOSING BASIS OR REMAIN IN DOUBT WHETHER TO TRADE LONG OR  SHORT OR WAIT FOR SOME MORE DAYS OF CONFIRMATION OF BULLISHNESS SO AS TO MISS THE SPEEDING BUS ENTIRELY & FEEL SAD THAT YOU DID NOT TAKE PART IN THE CURRENT BULL RUN TO TEST AND BREACH OLD LIFE TIME HIGHS OF 9119 FOR MUCH HIGHER LEVELS. WELL, THE CHOICE IS ENTIRELY YOURS. ( IN ANY CASE BOLDLY BUY INFOSYS & TATA MOTORS ON SOME DECLINES FOR GREAT GAINS)

MARKETS FOR  MONDAY 20TH FEB NIFTY CLOSED THE WEEK AROUND 8822 SPOT EXACTLY ON THE HIGH OF LAST WEEK ENDING 10TH FEB,IN THE FORM OF A WEEKLY DOJI & OUT SIDE CANDLE . THUS THE HIGHS AND LOWS OF THIS  WEEK AT 8896 SPOT AND WEEKLY LOWS AROUND 8712 SPOT WILL PLAY A MAJOR ROLE DURING THE COMING DAYS. A WEEKLY CLOSE ABOVE DOJI HIGH OF 8896 SPOT WILL CONFIRM THE  TRACER BULLET TYPE MOVE TOWARDS NEW LIFE TIME HIGHS ABOVE 4TH MARCH 2016 HIGHS OF 9119 SPOT. SIMILARLY A WEEKLY CLOSE BELOW WEEKLY DOJI LOWS OF 8812 SPOT WILL CERTAINLY SEE SOME WEEKS OF DOWN SWING BEFORE RESUMING THE UP MOVE TOWARDS NEW LIFE TIME HIGHS.

AS PER MONTHLY CHARTS, NIFTY LOOKS EXTREMELY BULLISH FOR MUCH HIGHER LEVELS. THE NEW UP WAVE THAT HAD STARED AFTER THE 2016 FEB 29TH  BUDGET DAY LOWS OF 6825 SPOT EXACTLY ON THE 200 WEEKLY SMA, HAS COMPLETED ITS 1ST UP  WAVE TILL 7TH SEPTEMBER 2016 HIGHS OF 8969. THE 2ND CORRECTIVE DOWN WAVE FELL TILL 26TH DECEMBER 2016 LOWS OF 7894 SPOT. PRESENTLY WE ARE IN THE 3RD UP WAVE THAT SHOULD SHOOT PAST  1ST UP WAVE HIGH OF 8969 FOLLOWED BY 4TH MARCH 2016 LIFE TIME HIGHS OF 9119 TOWARDS MUCH HIGHER LEVELS AS PER THE LONG TERM INDICATIONS IN THE MONTHLY CHARTS.

THE WEEKLY CHARTS CONTINUE TO MAINTAIN THEIR ROBUSTNESS & THE INDICATORS IN THE DAILY CHARTS SHOW NO SIGN OF FATIGUE, SUGGESTING ONE TO BOLDLY BUY THE DECLINES AS LONG AS SPOT NIFTY DOES NOT CLOSE BELOW 8712. A CLOSE BELOW THIS CRITICAL 8712 SPOT CAN BE USED FORGET ALL LONGS AND TRADE MEGA SHORTS WITHOUT ANY HESITATION.

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

 

MARKETS FOR  FRIDAY 17TH FEB AS WAS MENTIONED YESTERDAY, 8778 FUTURE WAS CRITICAL & A CLOSURE OF A 30 MINUTE CANDLE ABOVE 8778 FUTURES  IS THE SIGNAL TO BLINDLY GO LONG. LONG HOLDERS HOLD ALL LONGS AND ADD MORE LONGS IN CASE FUTURES BREACHES AND STAY ABOVE 8848 FOR MUCH MUCH HIGHER LEVELS. MARKET IS BULLISH AFTER THE LOW MADE ON WEDNESDAY AROUND 8727 FUTURES AND 8712 SPOT WITHOUT CLOSING BELOW THE CRITICAL 8732 FUTURES & 8715 SPOT. SO BOLDLY BUY AND ADD TO THE LONG POSITIONS ON INTRADAY DECLINES.

AS LONG AS NIFTY FUTURE STAYS ABOVE 8778 IT IS BULLISH TO ADD LONGS ON EVERY INTRADAY DECLINE. A FAILURE TO STAY ABOVE 8848 FUTURES IS A SIGNAL TO TRADE SHORT . MORE SHORTS BE ADDED IN CASE FUTURE FALLS BELOW 8765 AND THEN BELOW 8750 WHEN MORE INTRADAY SHORTS BE ADDED. HOLD AND ADD LONGS IN CASE FUTURE DOES NOT BREACH 8765 TO 8760 LEVELS WITH STOP LOSS BELOW THIS ZONE TO REVERSE AND TRADE SHORT. MOST LIKELY THE LOW MADE ON WEDNESDAY WAS ORCHESTRATED TO WEED OUT WEAKER HANDS BEFORE THE REAL BREAK OUT ON FRIDAY OR EARLY NEXT WEEK.

DO NOT TRUST THE HIGHLY MANIPULATED SGX NIFTY. BULLISH INDICATIONS ON THURSDAY NIGHT CAN BE CHANGED TO  MILD OR FLAT ON FRIDAY MORNING.

MARKETS FOR  THURSDAY 16TH FEB NIFTY BREACHED THE CRITICAL LOWS OF 8715 SPOT AND 8732 FUTURES BUT FORTUNATELY DID NOT CLOSE BELOW IT. HOWEVER IT IS BETTER TO PLAY SAFE ABD USE INTRADAY RISE TO BRUTALLY WRITE(SHORT) 8800 AND 8750 CALLS. IN CASE SPOT NIFTY CLOSES BELOW 8700 & NIFTY FUTURES CLOSES BELOW 8717 THE QUIT ALL LONG POSITIONS AND MERCILESSLY SHORT NIFTY AND BANK NIFTY FUTURES.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, A FAILURE TO MOVE UP AND STAY ABOVE 8778 IS A CLEAR SIGNAL TO TRADE SHORT WITH STOP LOSS ABOVE IT TO REVERSE AND TRADE LONG. A SLIDE BELOW WEDNESDAY’S LOWS OF 8727 IS A SIGNAL TO ADD MORE SHORTS NOT ONLY IN NIFTY FUTURES BUT ALSO IN BANK NIFTY FUTURES. A 30 MINUTE CANDLE CLOSING ABOVE 8778 FUTURES  IS THE SIGNAL TO CLOSE THE EYES AND TRADE LONG TILL THIS HAPPENS INTRADAY SHORTS WILL BE FAVORABLE.

MARKETS FOR  WEDNESDAY 15TH FEB

FOR INTRADAY TRADING ON WEDNESDAY, LOOK FOR DECLINES TO BUY AGAIN.  A FALL TOWARDS TUESDAYS LOWS OF 8787 TO 8780 IS A BUYING OPPORTUNITY WITH STOP LOSS BELOW THIS ZONE TO QUIT AND TRADE SHORT FOR GOOD INTRADAY GAINS TOWARDS 8770 TO 8760 OR EVEN 8750 FUTURE LEVELS. BOLD LONG TRADERS CAN GRADUALLY BUY AT EVERY LEVEL OF 8787, 8770,8760 AND 8750 FOR GOOD GAINS BY DAY END.

SIMILARLY ON HIGHER SIDE, IN CASE NIFTY FUTURE BOUNCES FROM 8787 TO 8780 FUTURE ZONE THEN A RISE TO BREACH 8813 IS A BUYING OPPORTUNITY. MORE LONGS CAN BE ADDED IN CASE NIFTY FUTURES BREACHES AND STAYS ABOVE TUESDAYS HIGHS OF 8830 TO 8840 FUTURE ZONE. A FAILURE TO RISE AND STAY ABOVE 8840 IS ANOTHER SHORTING OPPORTUNITY WITH STOP LOSS ABOVE THIS ZONE TO REVERSE AND GO LONG AGAIN. LOOK FOR DECLINES AND BUY TOWARDS SECOND HALF FOR GOOD INTRADAY GAINS

MARKETS FOR  TUESDAY 14TH FEB NIFTY IS IN A CONSOLIDATION PHASE WHICH WILL END VERY SOON FOR A SHARP BREAKOUT ACTION. DO NOT MISS THIS OPPORTUNITY. LOOK FOR INTRADAY DECLINES TO BUY AND BUY ONLY. MARKET WILL GIVE A CHANCE FOR TRADERS TO BUY DECLINES . GRAB THIS OPPORTUNITY. BE PREPARED TO SEE A NEW LIFE TIME HIGH IN NEXT FEW WEEKS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, NIFTY FUTURES BREACHING AND MORE IMPORTANTLY STAYING ABOVE MONDAY’S HIGHS OF 8840 TO 8846  ZONE IS HIGHLY BULLISH TO SEE HIGHER FUTURE LEVELS OF 8860 OR EVEN 8875 OR HIGHER LEVELS. A FAILURE TO BREACH AND STAY ABOVE 8840 TO 8846 ZONE  CAN BE TRADED SHORT WITH A STOP LOSS ABOVE THIS ZONE.

 IN CASE NIFTY FUTURES SLIDES BELOW 8805 THEN IT WILL TURN MORE WEEK FOR MORE SHORTS AND IN CASE FUTURE FALLS BELOW 8787 THEN CARGO SHORTS BE ADDED FOR MUCH LOWER LEVELS TOWARDS 8771,8755 TO 8750 LEVELS FOR BOOKING PROFIT ON SHORTS AND ENTER BUY TRADE AGAIN. MARKETS ARE MEGA BULLISH TOWARDS NEW LIFE TIME HIGHS SO USE DECLINES TO BUY AND BUY ONLY.

 

MARKETS FOR  MONDAY 13TH FEB THERE IS NOT MUCH OF A CHANGE TO THE TRADING STRATEGY FOR THE COMING WEEK. HAVE STOP LOSS BELOW 8715 SPOT & 8732 FUTURES ON A CLOSING BASIS AND LOOK FOR INTRADAY DECLINES TO BOLDLY BUY FOR VERY GOOD INTRADAY GAINS. NIFTY LOOKS BULLISH AND AS LONG AS IT DOES NOT BREACH AND MORE IMPORTANTLY CLOSE BELOW 8715 SPOT & 8732 FUTURES , IT WILL KEEP ON INCHING UPWARDS. (INTRADAY TRADING LEVELS FOR NIFTY FUTURE, BNF AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  FRIDAY 10TH FEB NIFTY IS MEGA BULLISH AND LIKE EVERYDAY ONE MUST LOOK FOR DECLINES TOWARDS PREVIOUS DAYS LOWS TO BUY AND BUY ONLY. DO NOT BE MISGUIDED BY FINANCIAL CHANNELS WHO DISCOURAGE BUYING AND KEEP THE VOLUME ZERO WHEN ANYONE OTHER THAN TECHNICAL OR FUNDAMENTAL ANALYSTS YAP DURING TRADING HOURS. INCREASE THE VOLUME ONLY WHEN ANALYSTS APPEAR. FOCUS ON YOUR CHARTS AND TRADING  DURING THE TRADING HOURS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, IT LOOKS BULLISH AS LONG AS IT STAYS ABOVE 8787 TO 8797 FUTURE ZONE.  A RISE TO BREACH THURSDAY.S HIGHS ZONE OF 8833 TO 8843  AND MORE IMPORTANTLY IF  NIFTY FUTURE STAYS ABOVE THIS ZONE THEN ADD MORE LONGS TO SEE HIGHER LEVELS TOWARDS 8855 TO 8866 OR EVEN HIGHER TOWARDS 8884 TO 8888 FUTURE LEVELS. A FAILURE TO STAY ABOVE THIS ZONE OF 8833 TO 8844 CAN BE USED TO TRADE INTRADAY SHORT WITH A STOP LOSS ABOVE THIS ZONE. AFTER INITIAL RISE, A FALL & STAY BELOW 8777 FUTURES  CAN BE USED TO ADD MORE SHORTS FOR LOWER LEVELS OF 8750 TO 8740 FUTURE LEVELS FOR BUYING ACTION AGAIN.

MARKETS ARE MEGA BULLISH TOWARDS NEW LIFE TIME HIGHS SO USE DECLINES TO BUY AND BUY ONLY.

MARKETS FOR  THURSDAY 9TH FEB THE SHARP BOUNCE WHICH NIFTY SAW FROM THE DAY LOW OF 8715 SPOT & 8732 FUTURES TO  INTRADAY HIGHS OF 8791 SPOT & 8814 FUTURES WITH SUPER HEAVY VOLUME DURING THE LAST 60 MINUTES COMPARED TO THE ENTIRE VOLUME FOR REST OF THE DAY, IS A CLEAR INDICATION THAT BULLS ARE SILENTLY OBSERVING THE INITIAL PART OF THE DAY TO SEE NIFTY PAUSE OR CORRECT DOWNWARDS TO BRUTALLY BUY  THE DECLINES. THIS HAS HAPPENED  ON  ALL THE DAYS OF FEBRUARY SO FAR. SO TRADERS MUST LOOK FOR THE HIGHLY MANIPULATIVE  SGX TO PULL NIFTY DOWN AT START TO BOLDLY BUY OR WAIT FOR A PAUSE OR DECLINE DURING THE  FIRST HALF TOWARDS THE PREVIOUS DAYS LOWS TO BOLDLY BUY FOR GREAT INTRADAY GAINS.

IN THE DAILY CHARTS, SPOT NIFTY HAS CLOSED IN THE FORM OF A DOJI WITH LOW OF 8715 AND HIGH OF 8791( FUTURES WITH LOWS OF 8732 & HIGH OF 8814)NOW THE LOWS OF BOTH THESE SPOT AND FUTURES WILL PLAY A MAJOR ROLE AS SUPPORT BECAUSE THESE LOWS OF 8TH FEB ARE ALSO EXACTLY ON THEIR RESPECTIVE T LINE(8EMA). A BREACH AND MORE IMPORTANTLY A CLOSE BELOW THE LOWS OF 8715 SPOT & 8732 FUTURES WILL BE THE INITIAL BEARISH INDICATION TO TRADE SHORT. TILL THIS HAPPENS EVERY INTRADAY  DECLINE LIKE THE ONE NOTICED SINCE 1ST FEB IS A BUY ONLY FOR GOOD  INTRADAY GAINS.

FOR INTRADAY TRADING OF NIFTY FUTURES EXPECT OVERNIGHT DOW COUPLED WITH WELL ORCHESTRATED MANIPULATION OF DOW FUTURES AND SGX NIFTY ON THE MORNING OF THURSDAY MAY HAVE A NEGATIVE OPENING. HOWEVER TILL SUCH TIME A 15 MINUTE CANDLE DOES NOT CLOSE BELOW 8795, THESE MANIPULATED FALLS SHOULD NOT BOTHER  INTRADAY TRADERS. ONLY A SLIDE AND MORE IMPORTANTLY STAY BELOW 8770 FUTURES SHOULD BE USED TO TRADE SHORT AND MORE SHORTS BE ADDED BELOW 8750 TO SEE LOWER LEVELS OF WEDNESDAY’S LOWS OF 8732 OR EVEN SLIGHT LOWER LEVELS TO BOLDLY BUY FOR GOOD GAINS.

AFTER THE FALL OR DURING ANY TIME, NIFTY FUTURES STAYING ABOVE 8789 IS A SIGN OF STRENGTH. A BREACH AND STAY ABOVE BOTH 6TH & 7TH FEB TWIN HIGHS OF 8834 FUTURES OR A LITTLE HIGHER LEVEL OF 8841 WILL BE ANOTHER MEGA BULLISH SIGNAL THAT WILL FORCE THE BEARS TO RUN FOR COVER  WHICH MAY PROPEL NIFTY FUTURES TOWARDS 8855 THEN 8866 TO 8870 OR HIGHER LEVELS. THE  BEST TRADE IS LOOK FOR DECLINES TO BUY & BUY ONLY FOR GREAT INTRADAY GAINS WHICH ONE IS HAVING EVERYDAY. 

MARKETS FOR  WEDNESDAY 8TH FEB A VERY WELL ORCHESTRATED BEARISH ENGULFING CANDLE FOR SPOT NIFTY ON TUESDAY SUGGESTS SOME MORE DAYS OF PAUSE FOR NIFTY AND THIS CAN ONLY BE NULLIFIED WHEN SPOT NIFTY RISES TO CLOSE ABOVE MONDAY’S HIGHS OF 8814 SPOT. A BENIGN RATE ANNOUNCEMENT BY RBI GOVERNOR ON WEDNESDAY AROUND 11 AM CAN TRIGGER MASS SHORT COVERING THAT MAY PROPEL NIFTY UPWARDS TOWARDS 8800 SPOT OR HIGHER LEVELS. SO TRADE SHORT BUT ONLY ON RISE BEFORE RATE ANNOUNCEMENT AS LONG AS MONDAY 6TH FEB HIGH OF 8814 SPOT & 8834 FUTURES ARE  NOT DECISIVELY BREACHED. ONCE BREACHED REVERSE AND GO LONG AGAIN

WEDNESDAY MAY SEE WILD SWINGS BOTH WAYS THAT WILL IMPART VERY GOOD TRAINING IN  STOP LOSSES CLEARANCES ON BOTH SIDES. HENCE IT IS WISER TO DO NOTHING TILL THE RATE IS ANNOUNCED. A 25 BASIS POINT CUT WILL SE MODERATE RISE AND A 50 BASIS POINT CUT CAN SEE A MEGA RISE TO PROPEL NIFTY TOWARDS 8900. A NO RATE CUT ANNOUNCEMENT WHICH IS THE MOST  FAVORITE ANNOUNCEMENT OF THE NEW GOVERNOR CAN SEE BUDGET DAY LOWS OF 8537 SPOT  BEING RETESTED IN JUST A FEW DAYS. ACCORDING ONE MUST TRADE AFTER THE ANNOUNCEMENT AND TAKE FRESH POSITION FOR THE NEXT DAY.

REMEMBER MARKETS ARE MEGA BULLISH FOR NEW LIFE TIME HIGHS AND THESE TYPES OF PAUSES OR MILD CORRECTIONS ARE GOD SENT OPPORTUNITIES TO BOLDLY BUY THE DECLINES AND HOLD.

MARKETS FOR  TUESDAY 7TH FEB  AFTER TWO DAYS OF PAUSE ON THURSDAY AND FRIDAY, NIFTY BROKE OUT ON MONDAY AND BE SURE THIS UP MOVE WILL CONTINUE TO MAKE NEW LIFE TIME HIGHS ABOVE 9119 SHORTLY WITH MILD CORRECTIONS OR PAUSES IN BETWEEN TO WEED OUT WEAKER HANDS. THE LOW OF SECOND FEB AT  8686 SPOT(8697 FUTURES) IS A VERY STRONG SUPPORT ON A CLOSING BASIS. EVEN HIGHER LEVELS OF 8770 SPOT(8781 FUTURES) AND 8750(8767 FUTURES) SPOT WILL PROVIDE EXCELLENT INTRADAY TRADING SUPPORTS TO BUY IN CASE SPOT NIFTY FALLS TOWARDS THESE LEVELS. LOOK FOR DECLINES TO BUY & BUY ONLY.

.( INTRADAY TRADING LEVELS FOR NIFTY FUTURE, BNF AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  MONDAY 6TH FEB NIFTY  CLOSED THE WEEK AROUND 8741 SPOT HIGHER THAN THE  WEEKLY FLATS FORMED BY WEEKLY CANDLES OF WEEKS ENDING 21ST OCTOBER 2016 AT 8727 SPOT AND NEXT WEEK ENDING 30 OCTOBER WEEKLY HIGHS OF 8737 SPOT. THIS ALONG WITH THE ROBUST WEEKLY INDICATORS CLEARLY INDICATES MUCH HIGHER LEVELS FOR NIFTY TO REDUCE THE GAP BETWEEN  PRESENT LEVELS & LIFE TIME HIGHS OF 8119. SO, ONE MUST LOOK FOR DECLINES OR PAUSE FOR A DAY OR TWO MORE TO BOLDLY ADD ON TO THE LONG POSITIONS.

 NIFTY ALREADY HAD TWO DAYS OF PAUSE ON THURSDAY AND FRIDAY AFTER THE MONSTER RISE OF BUDGET DAY. THESE PAUSES AFTER A BIG  GREEN CANDLE ARE PRECURSOR TO ANOTHER BIG UP MOVE THAT IS CONFIRMED BY HIGHLY BULLISH INDICATIONS FROM THE WEEKLY CANDLES.. SO DO NOT MISS THE OPPORTUNITY. NIFTY SPOT MAY ENCOUNTER RESISTANCES AROUND 8808, 8893 & THEN 7TH SEPT SWING HIGHS OF 8969.

IN THE DAILY CHART OF SPOT NIFTY CRITICAL 34 EMA HAS BREACHED THE CRITICAL 55 EMA & 21 EMA HAS ALREADY BREACHED BOTH THESE. THE MOST IMPORTANT 55 DAY EMA HAS FORMED A PERFECT HOOK TO THE 200 DAY EMA WHEN NIFTY DECISIVELY BREACHED 8200 LEVELS AND CLOSED ABOVE IT ON 5TH JANUARY. THESE ARE MEGA BULLISH INDICATIONS TO ENCOURAGE TRADERS TO LOOK FOR DECLINES TO BOLDLY BUY AND BUY ONLY. STOP LOSS SHOULD BE BELOW THE BUDGET DAY LOW OF 8555 SPOT ON A CLOSING BASIS TO QUIT LONGS AND REVERSE FOR MEGA SHORTS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY 6TH FEB, ANY SMALL DECLINE TOWARDS FRIDAY’S CLOSING LEVEL OF 8755 TO 8744 IS A BUYING OPPORTUNITY WITH  STOP LOSS BELOW FRIDAY’S LOWS OF 8730 TO 8725 ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT INTRADAY LONGS AND GO SHORT. A RISE TO BREACH AND MORE IMPORTANTLY STAY ABOVE MAGIC LEVEL 8787 WILL TRIGGER MASSIVE SHORT COVERING  TO SEE NIFTY FUTURES MOVING LIKE A ROCKET TOWARDS 8800 FOLLOWED BY EVEN 8820 TO 8825 LEVELS.

A FAILURE TO BREACH AND STAY ABOVE THE 8780 TO 8787 FUTURE ZONE WILL MAKE NIFTY FUTURES WEAK  AND A SLIDE BELOW 8747 TO 8744 WILL MAKE IT MORE WEAK TO ENCOUNTER THE CRITICAL FRIDAY’S LOWS OF 8727 TO 8725 LEVELS TO AGAIN ATTRACT HEAVY BUYING BY THE BULLS BUT BREACHING AND  STAYING BELOW FRIDAY’S LOWS OF 8725 FUTURES CAN SEE SHORTS MOUNTING FURTHER TO PULL NIFTY FUTURES DOWN TOWARDS 8700 OR EVEN LOWER LEVELS OF 8686 FOR MEGA BUYING ACTION AGAIN FOR MUCH HIGHER LEVELS ON TUESDAY. PLAY WITH FUTURES, AVOID AT OR OUT OF THE MONEY OPTION BUYING OR ONLY BUY DEEP IN THE MONEY CALLS OF 8600 TO 8500 IF ONE WANTS TO MAKE MONEY IN OPTION BUYING

MARKETS FOR  THURSDAY 3RD FEB NIFTY STILL LOOKS EXTREMELY BULLISH AND ANY DECLINE OR WEEKEND PHOBIA ENCOUNTERED SLIDE SHOULD BE TAKEN AS A GOD SENT  OPPORTUNITY TO BOLDLY ADD ON TO THE LONG POSITIONS. NOW BUDGET DAY LOW OF 8555 FUTURES OR 8537 SPOT IS A VERY LONG SUPPORT A CLOSE FOR A DAY OR TWO BELOW WHICH ONLY SHOULD PROMPT  LONG POSITION HOLDERS TO QUIT AND INITIATE FRESH SHORTS. TILL THAT HAPPENS EVERY DECLINE IS A BUY TO SEE NEW LIFE TIME HIGHS OF 8119 SPOT MAY BE IN FEB ITSELF OR AROUND 4TH MARCH THE SAME DAY OF 2015 WHEN NIFTY HAD MADE A LIFE TIME HIGH.

FOR INTRADAY TRADING OF NIFTY FUTURES , USE EVERY DECLINE TOWARDS 8700 TO BUY WITH A STOP LOSS BELOW THURSDAY’S LOWS OF 8696 TO  REVERSE AND TRADE SHORT.IN CASE FUTURES BREACHES AND STAYS ABOVE THURSDAYS HIGHS OF 8773 THEN IT WILL TRIGGER MASSIVE SHORT COVERING TOWARDS 8800 OR HIGHER FUTURE LEVELS. IF AFTER A RISE FUTURE FALLS AND BREACHES 8727 THEN IT TURNS WEAK FOR SHORTS. SIMILARLY AFTER A FALL IF IT RISES TO BREACH 8762 THEN IT WILL TURN BULLISH AGAIN.IN ANY CASE LOOK FOR DECLINES TO BUY AND AIM FOR NEW LIFE TIME HIGHS ABOVE 9119 SPOT IN FEB OR EARLY MARCH.

MARKETS FOR  THURSDAY 2NDFEB ALTHOUGH THERE WAS NOTHING THAT GREAT ABOUT THE BUDGET, MARKETS PROVED THAT IT HAS A LIFE OF ITS OWN AND NOW IT IS STRAIGHT HEADING FOR 4TH MARCH 2015 LIFE TIME HIGH OF 9119 SPOT IN NEXT FEW DAYS, MAY BE IN FEBRUARY ITSELF. JUST LOOK FOR A DECLINE AND BOLDLY ADD ON TO THE HELD LONG POSITIONS.

SPOT NIFTY HAVING MADE A DAY HIGH OF 8718 HAS CLOSED NEAR THE HIGHEST POINT OF THE DAY AT 8714, THE BIG GREEN CANDLE OF BUDGET DAY CLOSING HIGH ABOVE THE HIGHS OF ITS THREE PREVIOUS DAYS WHICH TOO HAD THE CANDLE OF 30 JAN THAT WAS A DOJI NRB CLEARLY SUGGEST TRADERS TO DOUBLE ADD LONG POSITIONS ON EVERY INTRADAY DECLINE TO SEE NEW LIFE TIME HIGHS MUCH ABOVE 9119 IN NEXT FEW DAYS.( INTRADAY TRADING LEVELS FOR NIFTY FUTURE, BNF AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

 MARKETS FOR  WEDNESDAY 1ST FEB

NIFTY TOOK ANOTHER DAY OF PAUSE AND THE CORRECTION ON TUESDAY 31ST JAN WAS TO ADJUST A PORTION OF THE BIG RISE FROM 23RD JAN LOWS OF 8327 SPOT TILL  27TH JAN HIGHS OF 8672 SPOT. SO TILL SUCH TIME 23RD JAN LOWS OF 8327 IS NOT BREACHED ON A CLOSING BASIS, EVERY FALL LIKE THE ONE WE HAD ON TUESDAY IS A SOLID BUYING OPPORTUNITY. ONLY A CLOSE BELOW 8327 SPOT SHOULD FORCE ONE TO QUIT LONGS AND GO MEGA SHORTS. SUPPORT LINE COMING FROM 26TH DECEMBER SWING LOWS OF 7893 SPOT VIA 23RD JAN LOWS OF 8327 WILL ENCOUNTER NIFTY AROUND 8448 TO 8438 IN CASE  NIFTY FALLS, THAT SHOULD PROVIDE A STRONG SUPPORT TO NIFTY IN CASE BUDGET DOES NOT GO AS PER EXPECTATIONS.

FOR TRADING ON BUDGET DAY GO BULLISH AND LOOK FOR DECLINES TO BUY AND HOLD. IF BY END OF BUDGET ONE REALIZES THAT IT IS NOT AS PER EXPECTATIONS THEN ONE CAN QUIT  INTRADAY LONGS AND TRADE SHORT BUT GO BLANK FOR  THURSDAY TO TRADE FRESH. ENOUGH NUMBER OF DAYS ARE THERE TO TRADE SO NEVER BE IN A HURRY TO GRAB THE BUDGET MOVES. A CLOSE ON ANY DAY ABOVE MONDAY 30 JAN HIGH OF 8660 IS A MEGA BULLISH INDICATION. SO, SHORTERS CAN TRADE SHORT ON RISE  WITH STOP LOSS ABOVE 30 JAN DOJI HIGH OF 8660 SPOT TO REVERSE AND GO LONG ABOVE 8660 SPOT.

MARKETS FOR  TUESDAY 31ST JAN NIFTY WILL BE PULLED DOWN ON 31ST JAN BY THE FIIs, FOREIGN & SGX PLAYERS SO THAT THEY CAN BUY THE DECLINES TOWARDS DAY END OR ON THE BUDGET DAY  AS MARKETS LOOK MEGA BULLISH. BEST ACTION IS JUST DO NOT TRADE  OR TAKE LONG POSITIONS  AFTER 1 PM OR TOWARDS DAY END TO CARRY FOR THE BUDGET DAY, OR DO NOT TRADE ON TUESDAY AND TILL MID WEDNESDAY & BUY AFTER THE BUDGET ANNOUNCEMENTS.

 NIFTY IS HIGHLY BULLISH AND A DAY OR TWO OF PAUSE IS IDEAL TO BUY FOR GREAT GAINS . JUST DO NOT BOTHER WHAT HAPPENS TO DOW OR WHAT THE SGX MANIPULATORS DO  TO PULL NIFTY DOWN  TOWARDS THEIR PLOTTED BUYING LEVELS. BUDGET WILL CHANGE EVERY BEARISH OUTLOOK TO BE GENERATED BY SGX OR DOW. NO POINT TAKING RISK BEFORE BUDGET, BETTER TO PLAY SAFE AND TRADE AS PER BUDGET ANNOUNCEMENT

UPDATING WILL RESUME FROM 30 JANUARY

MARKETS FOR  MONDAY 16TH NIFTY’S WEEKLY CLOSING AT 8400 SPOT ABOVE THE WEEKLY RESISTANCE LINE COMING FROM HIGHS OF 8969,8893,8737 TO 8353 SPOT IS A SIGN OF STRENGTH THAT SUGGESTS ONE TO HOLD ON TO THEIR LONG POSITIONS  AND PRAY FOR A DAY OR TWO PAUSE OR  EVEN SOME INTRADAY DECLINE TO BOLDLY ADD ON TO THEIR LONG POSITIONS. WEEKENDING 30 DECEMBER LOWS OF 7893 SPOT TOOK PERFECT SUPPORT ON THE WEEKLY LOWER BOLLINGER BAND AND INTERESTINGLY THE LOW OF ITS NEXT WEEK FOR WEEK ENDING  6TH JANUARY LOWS OF 8133 WAS EXACTLY ON THE 50 WEEKLY SMA THAT HAS ACTED AS A SPRINGBOARD TO CATAPULT NIFTY TOWARDS MUCH HIGHER LEVELS.

IN THE WEEKLY CHARTS OF NIFTY,  IMPORTANT WEEKLY INDICATORS LOOK MEGA BULLISH. OUTSIDE WEEKLY CANDLE SETUP BETWEEN WEEKS ENDING 23RD DECEMBER AND 30TH DECEMBER WITH THEIR LOWS AT WEEKLY BB LOWS FOLLOWED BY THE TRIGGER CANDLE OF THE NEXT WEEK ENDING 6TH JANUARY CLOSING AT 8244 HIGH ABOVE THE  OUTSIDE CANDLE SETUP MAKING MOTHER WEEKLY CANDLE HIGH OF 8197 IS A MEGA BULLISH SIGNAL WHICH CAN EASILY BE NOTICED IN THE WEEKLY CHARTS OF SPOT NIFTY. THIS SET UP SAW THE WEEKLY CANDLE OF WEEKENDING 13TH JANUARY MAKING ANOTHER HIGHLY BULLISH GREEN CANDLE WHICH  MOST LIKELY WILL BE FOLLOWED BY TWO OR THERE MORE BULLISH WEEKLY CANDLES TOWARDS NEW LIFE TIME HIGHS ABOVE 4TH MARCH 2015 HIGH OF 9119 SPOT POSSIBLY AFTER THE BUDGET.

WEEKLY 21 & 34 SMA ARE AROUND 8450 TO 8464 WHICH CERTAINLY WILL BE BREACHED POSSIBLY AFTER A MILD PAUSE THAT MUST BE FULLY USED TO GO IN FOR MEGA BUYING TILL BUDGET. THE DAILY RED CANDLE OF FRIDAY  POSSIBLY WAS THE PAUSE OR MAY SEE ANOTHER DAY OF PAUSE BEFORE TAKING OFF AGAIN TOWARDS MUCH HIGHER LEVELS. JUST IGNORE THE TIME AND AGAIN MENTION OF PRE RECORDED MARKET HARASSING  INFORMATION BY SOME FINANCIAL CHANNELS. PUT THE VOLUME TO ZERO DURING TRADING HOURS AND INCREASE THE VOLUME ONLY WHEN THE TECHNICAL ANALYSTS SPEAK, BECAUSE THEY HAVE EXPERIENCED MANY BEAR & BULL MARKETS UNLIKE THE TV ANCHORS WHO MIGHT  NOT HAVE EVEN SEEN THE LAST BULL OR BEAR MARKET AND ARE ONLY FIT FOR SERIOUSLY ANALYZING  THE PRE MARKET MOVEMENTS BETWEEN 9AM & 9.08 AM.

(INTRADAY TRADING LEVELS FOR MONDAY ARE FOR SUBSCRIBERS ONLY)

 

 

MARKETS FOR  FRIDAY  THE 13TH NIFTY’S CLOSING ON THURSDAY AROUND 8409 VERY NEAR THE HIGH OF THE DAY IS A SIGN OF STRENGTH AND SUGGESTS TRADERS TO FULLY USE THE DOW OR SGX INDUCED FALL  ON FRIDAY MORNING TO BUY DECLINES IF AT ALL IT COMES. BOTH 34 WEEK SMA AND 21 WEEK SMA ARE AROUND 8424 AND 8444 SPOT LEVELS RESPECTIVELY THAT SHOULD BE DECISIVELY BREACHED ON A WEEKLY CLOSING BASIS ON FRIDAY THE 13TH  FOR BULL RUN TO RESUME AND A FAILURE TO DO SO ON THIS FRIDAY WILL SEE SOME PAUSE BEFORE THE BULL RUN RESUMES NEXT WEEK. THE INDICATORS IN THE  WEEKLY CHARTS GENERATE MEGA BULLISH SIGNALS THAT SUGGESTS TO BUY THE DECLINES.( INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  THURSDAY 12 JAN NIFTY CLOSED AT 8375 SPOT AND 8387 FUTURES MUCH HIGHER THAN THE EARLIER 9TH DECEMBER  SWING HIGHS OF 8275 SPOT  AND 8325 FUTURES. LAST FRIDAY NIFTY HAD DECISIVELY BREACHED AND CLOSED ABOVE THE RESISTANCE LINE JOINING THE SWING HIGHS OF 24TH OCTOBER, 30TH OCTOBER AND 10TH NOV. NOW ON WEDNESDAY 11TH JANUARY NIFTY FACES ANOTHER RESISTANCE LINE JOINING THE SWING HIGHS OF 7TH SEPT AT 8969, 22ND SEPT AT 8893 AND 24TH OCT AT 8737 SPOT LEVELS.

MOST LIKELY SPOT NIFTY WILL BREACH AND SHOOT PAST THIS RESISTANCE LINE TOWARDS MUCH HIGHER LEVELS,  MAY BE STRAIGHT WAY AS CONTINUATION OF THE PRESENT  BREAKOUT UP MOVE OR AFTER A PAUSE. SO BE BOLD IN BUYING INTRADAY DECLINES. THE EARLIER STOP LOSS OF 8181 SPOT BE MOVED UP TO 8228 SPOT . A BREACH OF 8228 SPOT ON A CLOSING BASIS SHOULD BE USED TO QUIT LONGS AND TRADE SHORT. EXPECT NIFTY TO TEST 8558 IN NEXT FEW DAYS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, AS LONG AS NIFTY FUTURES STAYS ABOVE 8363 TO 8353 IT IS BULLISH AND IN CASE IT BREACHES AND STAYS ABOVE 8414 FUTURES THEN ONE CAN EXPECT MASSIVE SHORT COVERING RISE AND ONE MUST BUY FOR MUCH HIGHER LEVELS TOWARDS 8454 OR HIGHER LEVELS.

A FAILURE TO BREACH AND STAY ABOVE 8414 FUTURES CAN BE USED TO TRADE SHORT WITH STOP LOSS A FEW POINTS ABOVE TO REVERSE FOR LONGS. A FURTHER FALL TO BREACH 8363 TO 8353 WILL BE A GOOD CHANCE TO TRADE SHORT FOR  LEVELS OF WEDNESDAY’S LOWS OF 8323 OR LOWER LEVELS. SO BUY DECLINES AND RIDE THE BULL RUN. USE EVERY DECLINE IN BNF TO BUY & ONLY BUY THAT MAY LOOK TOWARDS 20000 IN NEXT FEW DAYS.

ENOUGH SHORTING HAS BEEN DONE IN TECH STOCKS, SO ONE CAN START TO BOOK PROFIT IN TECH SHORTS BECAUSE THE COMING RESULTS EVEN THOUGH ARE GOING TO BE HOPELESS YET WILL BE SO MANIPULATED OR SPOKEN ABOUT  THAT MAY INDICATE AS IF  THE RESULTS ARE BETTER THAN THE STREET  EXPECTATION (THE STREET BEING THE BROTHER IN LAWS AND SON IN LAWS OF THE INTERESTED FINANCIAL CHANNELS WHO ARE VERY SERIOUS ABOUT THE 8 OR 15  MINUTES OF  PRE MARKET LEVELS ONLY)

 

MARKETS FOR  WEDNESDAY 11 JAN ALTHOUGH NIFTY FUTURES MADE A GOOD UP MOVE TO CLOSE NEAR 8298 FUTURES NEAR THE HIGHEST POINT OF THE DAY & ABOVE MONDAY’S HIGH OF 8272, YET THE VOLUME WAS VERY LOW. ALTHOUGH THE VOLUME OF NIFTY FUTURE WAS SLIGHTLY GREATER THAN THE VOLUME OF MONDAY YET IT WAS LOWER THAN ITS 8 PREVIOUS DAYS VOLUME.

THE RANGE TOO WAS VERY LOW OF ONLY 40 POINTS. THE ONLY CONSOLATION BEING NIFTY SPOT HAS CLOSED ABOVE ITS 200 DAY SMA AND ALSO ABOVE  9TH DECEMBER SWING HIGH OF 8275 SPOT. A CLOSE ABOVE 8325 FUTURES WILL CONFIRM  BIGGER UP MOVE AS THIS CLOSE WILL BE ABOVE THE 9TH DECEMBER SWING HIGHS FOR JAN FUTURES ALSO.

FOR INTRADAY TRADING OF NIFTY FUTURES, IT HAS TO BREACH AND CLOSE ABOVE FRIDAY’S HIGHS OF 8329 FAILING WHICH ONE CAN TRADE SHORT WITH STOP LOSS A FEW POINTS ABOVE  8329 ON A 30 OR 15 MINUTE CANDLE CLOSE BASIS TO REVERSE & GO LONG. INITIALLY A RISE ABOVE 8323 CAN TRIGGER GOOD SHORT COVERING RISE AND SUSTAINING ABOVE FRIDAY’S HIGHS OF 8329 FUTURES CAN SEE MUCH HIGHER LEVELS TOWARDS 8350 OR 8360 LEVELS.

A FAILURE TO BREACH AND STAY ABOVE 8323 TO 8329 ZONE CAN BE USED TO TRADE SHORT AND MORE SHORT BE ADDED IN CASE TUESDAY’S LOWER ZONE OF 8270 TO 8260 IS BREACHED.  THE RISE OF TUESDAY GENERATES HOPES FOR BULLS TOWARDS MUCH HIGHER LEVELS BUT A FAILURE TO BREACH AND MORE IMPORTANTLY  FAILURE TO SUSTAIN ABOVE 8323 TO 8329 FUTURE ZONE WILL SEE BEARS RETURNING WITH FULL VIGOR TO CONTEST THE BULLS ON EVERY SMALL RISE.

MARKETS FOR  TUESDAY 10 JAN  EXPECT A DULL & LACK LUSTER DAY AGAIN TO MAKE IT THE 3RD DAY OF PAUSE SIMILAR TO THE 3 DAYS OF PAUSE OF  LAST WEEK. EVERY SMALL INTRADAY RISE MUST BE USED TO BRUTALLY SHORT 8300 CALLS AND THESE BE HELD. ON MONDAY NIFTY FUTURES HAD MADE A LOW OF 8241. IN CASE THIS LOW OF 8241 IS BREACHED THEN EXPECT NIFTY FUTURES TO TEST 8228 TO 8224 BELOW WHICH ONE CAN EXPECT BIGGER FALLS TOWARDS 8200 OR LOWER LEVELS TOWARDS 8188 TO 8181 LEVELS .

AFTER A FALL, IN CASE FUTURES MOVE UP TO BREACH AND STAY ABOVE 8262 THEN IT CAN TRIGGER GOOD SHORT COVERING TO PROPEL FUTURES TOWARDS HIGHER LEVELS. A FURTHER RISE  TO BREACH & MORE IMPORTANTLY STAY ABOVE 8267 TO 8277 FUTURE ZONE CAN TRIGGER MASSIVE SHORT COVERING FOR MUCH HIGHER LEVELS.

NIFTY MAY NOT SHOW MUCH MOVEMENT ON TUESDAY & IF AT ALL IT MOVES THEN IT WILL BE ON THE DOWN SIDE. BANKING & HOUSING FINANCE STOCK FUTURES WHICH WERE MERCILESSLY HAMMERED LAST WEEK CAN BE BOUGHT ON DECLINES OR TOWARDS 2ND HALF  OF TUESDAY FOR GOOD GAINS THIS WEEK

MARKETS FOR  MONDAY O9 JAN NIFTY HAD A WEEKLY CLOSING AROUND 8244 SPOT AND 8267 FUTURES MUCH HIGH   R THAN THE HIGHS OF ITS PREVIOUS WEEKENDING 30TH DECEMBER HIGHS OF 8197 SPOT AND 8297 FUTURES SUGGESTING THE CONTINUATION OF THE BREAKOUT UP MOVE, OF COURSE WITH  REGULAR AND PERIODIC DOWN SIDE RETRACEMENTS  AS WAS SEEN ON FRIDAY’S PULL DOWN TO 8233 SPOT  AND 8256 FUTURES AFTER MAKING INTRADAY HIGHS OF 8303 SPOT AND 8329 FUTURES AS PART OF A DECEPTIVE BREACH OF 200 DAY SMA.

AS WAS MENTIONED EARLIER, ALL SUCH CORRECTIVE RETRACEMENT DOWN MOVES ARE BUYING OPPORTUNITIES TILL SUCH TIME NIFTY DOES NOT FALL TO CLOSE FOR A DAY OR TWO BELOW 4TH JANUARY 7TH NRB LOWS OF 8181 SPOT AND 8187 FUTURES & IF THAT HAPPENS THEN ONE CAN REVERSE FROM LONG TO DOUBLE SHORTS. FAVORITE 8300 CALLS MUST BE SHORTED ON EVERY RISE TO POCKET THE PREMIUM ON THESE CALLS. EVEN INTRADAY RISES  CAN BE USED TO BRUTALLY SHORT 8400 CALLS AND HELD WITH THE BOUGHT  FUTURES AND 8100 CALLS BE BOUGHT ON DECLINES AS HEDGE.

THE WEEKLY CHARTS CONTINUE TO LOOK STRONG WHICH SUGGESTS THAT  IN CASE THERE IS SOME MORE PULL DOWN ON MONDAY THEN ONE CAN BUY FUTURES TOWARDS 8200 AND HOLD. LAST WEEKENDING 6TH JAN HAD A LOW OF 8133 SPOT AND 8151 FUTURES EXACTLY ON THE 50 WEEKLY SMA. SO, EVEN IF NIFTY HAS A DAILY CLOSING BELOW 8181 SPOT, IT MAY STILL FIND WEEKLY SUPPORT ON THE 50 WEEK SMA AROUND 8133 SPOT.

WITH THE MONSTER WEEKLY GREEN CANDLE OF WEEKENDING 30TH DECEMBER HAVING MADE AN OUT SIDE CANDLE SETUP WITH ITS PREVIOUS WEEKLY CANDLE WITH THE MOTHER CANDLE HIGH OF 8197 SPOT AND 8207 FUTURES, FORMED A GOOD WEEKLY OUTSIDE CANDLE TRADE SETUP TO BE TRIGGERED DURING THE NEXT WEEK ENDING 6TH JANUARY.THE WEEKENDING 6TH JANUARY CANDLE WITH A HIGH OF 8303 SPOT & HAVING BREACHED THE HIGHS OF THIS MONSTER GREEN WEEKLY CANDLE OF WEEKENDING  DECEMBER 30TH AT 8197 SPOT AND HAVING CLOSED ABOVE IT, CONFIRMS THE FORMATION OF A HIGHLY BULLISH SETUP ON A WEEKLY BASIS THAT CAN ONLY BE NULLIFIED IN CASE OF A CLOSER BELOW THE LOWS OF THIS SETUP FORMING CANDLE LOWS OF 7893 SPOT.

MOST LIKELY 50 WEEKLY SMA AROUND 8133 WILL PROVIDE  VERY STRONG SUPPORT TO NIFTY ON ANY DOWNSWING TO BE TRIGGERED BY HOPELESS & MISERABLE QUARTERLY RESULTS OF INFOSYS AND OTHER TECH COMPANIES NEXT WEEK. SO, USE EVERY RISE IN INFOSYS TO BOLDLY SHORT EVEN THOUGH PROTECTIVE HIGH-FLOWN ENGLISH WILL BE UTTERED BY THE INFY MANAGEMENT TO SAVE INFY FROM BRINKS OF DISASTER. BANK STOCKS WILL RISE TO SAVE THE MARKETS FROM THE MISHAP CAUSED DUE TO TECH MASSACRE NEXT WEEK.

FOR MONDAY’S INTRADAY TRADING OF NIFTY FUTURES, BOLDLY TRADE SHORT IN CASE NIFTY FUTURES CAN NOT BREACH AND STAY ABOVE THE PSYCHOLOGICAL 8300 FUTURES MARK. IN CASE , THE SLIDE WHICH WAS LEFT FROM FRIDAY’S END CONTINUES THEN A FURTHER SLIDE AND STAY BELOW 8240 FUTURES CAN BE USED TO ADD ON TO THE INTRADAY SHORTS THAT SHOULD BE COVERED NEARER TO 8210 OR 8200 FUTURES. A DAY OR TWO OF DOWN SIDE RETRACEMENT CAN BE USED TO TRADE SHORT TO BE COVERED ON TUESDAY OR WEDNESDAY FOR LONGS AGAIN EVEN THOUGH THE LOOSELY HANGING BEARISH SWORD OF INFY MAY FALL ANY TIME TO CHOP THE NECKS OF INFY BULLS.(REMAINING INTRADAY  TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  FRIDAY O6 JAN NIFTY BROKE OUT OF ITS  3 DAYS OF CONGESTION AND JUMPED TO 8282 SPOT AND 8298 FUTURES  TO TEST BOTH THE EARLIER SWING HIGHS AND ALSO THE CRITICAL 200 DAY SMA. MORE IMPORTANT WAS THE VOLUME WHICH WAS MUCH HIGHER THAN THE PREVIOUS 4 DAYS OF DAILY VOLUME, SUGGESTING THAT NIFTY WILL  GO FOR MUCH HIGHER LEVELS NEXT WEEK AND ONE MUST USE EVERY SMALL INTRADAY DECLINE TO BOLDLY ADD ON TO THEIR LONG FUTURE POSITIONS IN NIFTY AND BNF INITIATED FROM MONDAY.

TECHNICALLY, NIFTY CERTAINLY LOOKS BULLISH FOR MUCH HIGHER   LEVELS BUT IF NIFTY WAS TO MOVE ONLY AS PER TECHNICALS THEN ALL TECHNICAL ANALYSTS  WOULD HAVE BEEN BILLIONAIRES. SO, EXPECT A  PULL DOWN TO BE AFFECTED BY DOW AND SGX NIFTY OR TAKE IT AS A BULL TRAP IF NIFTY CANNOT CLOSE ABOVE 9TH NOV SWING HIGHS OF 8274 SPOT AND 8325 FUTURES. IN ANY CASE ADD TO THE SHORT POSITIONS IN 8300 CALLS AND START SHORTING 8400 CALLS BY HOLDING ON AND ADDING ON TO THE LONG FUTURE POSITIONS. NOW HAVE STOP LOSS BELOW 4TH JAN 7TH NRB LOWS OF 8181 SPOT & 8187 FUTURES ON A CLOSING BASIS TO REVERSE AND SHORT ON A CLOSE BELOW THESE AND ADD ON TO LONG POSITIONS IN NIFTY FUTURES AND BNF ON EVERY DECLINE.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS FUTURE STAYS ABOVE 8260, EVERY DECLINE TOWARDS IT IS A BUY. SIMILARLY IN CASE THE BREAKOUT MOVE CONTINUES ON FRIDAY, THEN A RISE AND STAY ABOVE 8313 TO 8323 IS AGAIN A BUY FOR MUCH HIGHER LEVELS TOWARDS 8350 OR HIGHER.

A FAILURE TO BREACH AND STAY ABOVE 8313 TO 8323 FUTURE ZONE WILL BE A SIGN OF WEAKNESS THAT CAN BE USED TO  TRADE SHORT WITH A STOP LOSS ABOVE THE ZONE TO REVERSE AND GO LONG. SIMILARLY A FALL TO SLIDE BELOW 8260 TO 8250 WILL BE A SIGN OF MORE WEAKNESS THAT CAN BE USED TO ADD SHORTS TO SEE  THURSDAY’S LOWS OF 8236 FOLLOWED BY EVEN 8220 FUTURE LEVELS.

LAST WEEK NIFTY SPOT HAD CLOSED AT 8185 WITH A WEEKLY HIGH OF 8197 SPOT AND 8207 FUTURES. BE SURE ALL EFFORTS WILL BE MADE TO PULL NIFTY DOWN SO THAT IT DOES NOT HAVE A WEEKLY CLOSING ABOVE LAST WEEK’S HIGH OF 8197 SPOT AND 8207 FUTURES TO HIDE MEGA BULLISHNESS FOR THE COMING WEEK. HOWEVER IF THE BULLS DON’T GIVE UP AND FOLLOWING THE STRONG TECHNICALS TRY TO TAKE NIFTY HIGHER TO CLOSE ABOVE THEIR 21 WEEKS EMA AT 8308 SPOT &  8320 FUTURES, THEN EXPECT A VERY GOOD BULLISH WEEK STARTING FROM 8TH JAN. BUT, AS EVERYTHING IS LOOKING BULLISH, BE MENTALLY PREPARED FOR A PULL DOWN IN THE MARKETS BY THE DOW AND SGX NIFTY EFFECT.

MARKETS FOR THURSDAY O5 JAN NIFTY SEEMS TO BE TESTING THE PATIENCE OF THE BULLS. REMEMBER THE LEVELS OF 8118 SPOT AND 8131 FUTURES AS STOP LOSS ON A DAILY CLOSING BASIS AND BOLDLY ADD ON TO THE LONG POSITIONS GENERATED SINCE MONDAY.IN CASE STOP LOSS IS TRIGGERED THEN BOLDLY REVERSE THE POSITIONS FROM LONGS TO DOUBLE SHORTS.IN ANY CASE USE EVERY RISE HOWEVER SMALL IT MAY BE TO BRUTALLY SHORT 8300 CALLS TO HOLD THESE AS HEDGE FOR THE LONG FUTURES OR WITH THE BOUGHT CALLS OF 8100.

NIFTY IS FACING THE IMMEDIATE RESISTANCE OF 50 DAY SMA AROUND 8219 SPOT & 8228 FUTURES FROM WHERE IT IS STALLING. MOST LIKELY IT WILL BE BREACHED SHORTLY THAT WILL GENERATE GOOD AMOUNT OF SHORT COVERING TO PROPEL NIFTY TOWARDS 8275 SPOT AND 8294 FUTURES THE AREA AROUND THE 9TH DECEMBER SWING HIGHS AND ALSO ARE THEIR RESPECTIVE 200 DAY SMA.

THE BULLISH DIVERGENCE BY MACD IN THE DAILY CHARTS AROUND THE 26TH DEC 2ND LOWS OF 7893 SPOT AFTER THE FIRST LOW WAS MADE ON 21ST NOV AT 7916 SPOT OF THE DOUBLE BOTTOM, SHOULD SEE NIFTY BREACHING THE SWING HIGHS OF 8275 SPOT AND 8294 FUTURES SHORTLY. THIS MAY HAPPEN ONLY AFTER BULLS LOSE THEIR PATIENCE & START TO LIQUIDATE THE LONGS. ( INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR WEDNESDAY O4 JAN NIFTY HAD THE SECOND DAY OF PAUSE AND THESE TYPES OF PAUSES AFTER TWO DAYS OF BIG RISE ON THURSDAY AND FRIDAY ARE EARLY INDICATIONS OF BLAST OFF TOWARDS MUCH HIGHER LEVELS. SO, HAVE 8118 SPOT& 8131 FUTURES AS STOP LOSS ON A DAILY CLOSING BASIS AND BOLDLY BUY INTRADAY DECLINES TO RIDE THE BULL RUN WHEN THE BREAKOUT OCCURS, MAY BE IN NEXT DAY OR TWO. MOST LIKELY NIFTY WILL BREAKOUT ON THE UPSIDE AFTER A SHAKEOUT ACTION TO WEED OUT THE WEAKER HANDS.

THE INDICATORS IN THE DAILY CHARTS ARE GENERATING HIGHLY BULLISH SIGNALS FOR MUCH HIGHER LEVELS. NOT ONLY NIFTY , EVEN  BANK NIFTY FUTURES TRADERS CAN BOLDLY BUY DECLINES IN BNF FOR VERY GOOD GAINS.AS LONG AS BNF FUTURES DOES NOT HAVE A DAILY CLOSING BELOW 17817, USE EVERY INTRADAY DECLINE TO BUY ONLY.

DO YOUR OWN ANALYSIS AND FOCUS ON YOUR OWN CHARTS OR SYSTEMS DURING TRADING HOURS. SWITCH OFF TV OR THE FINANCIAL CHANNELS DURING TRADING HOURS WHO FLOAT ALARMING AND MARKET HARASSING NEWS TO SUPPORT THEIR OWN TRADING POSITIONS. IF ONE REALLY WANTS TO GAIN IN STOCK MARKETS THEN DO NOT SWITCH ON THE FINANCIAL CHANNELS DURING TRADING HOURS. TRY THIS AND SEE FOR NEXT FEW DAYS, YOU CERTAINLY WILL BE MUCH BETTER OFF THAN GETTING DISTRACTED BY LISTENING TO THESE FINANCIAL CHANNELS DURING TRADING HOURS. ( INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 MARKETS FOR TUESDAY O3 JAN AS WAS MENTIONED  YESTERDAY, NIFTY TOOK A PAUSE AND MAY EVEN TAKE ANOTHER DAY OF PAUSE BEFORE MOVING UP. USE THE PAUSE OR INTRADAY DECLINE TO BUY FOR INTRADAY GAINS. FOR INTRADAY TRADING ON TUESDAY, IN CASE NIFTY FUTURES FAILS TO STAY ABOVE MONDAYS HIGHS OF 8215 TO 8220 FUTURE ZONE THEN ONE CAN TRADE SHORT  WITH A STOP LOSS ABOVE 8220 TO REVERSE AND TRADE LONG FOR GOOD INTRADAY GAINS TOWARDS 8255 TO 8265 ZONE OR HIGHER LEVELS.

A FAILURE TO BREACH AND STAY ABOVE 8215 TO 8220 FUTURES CAN BE TRADED SHORT TO SEE LOWER LEVELS OF 8165 TO 8155 ZONE BELOW WHICH MORE SHORTS MAY BE ADDED TO SEE LOWER LEVELS BELOW MONDAY’S LOWS OF 8151 TOWARDS 8140 OR LOWER LEVELS TOWARDS 8125 TO 8120 FUTURES. USE THE PAUSE OR INTRADAY DECLINES TO TRADE LONG FOR  GOOD INTRADAY GAINS LIKE MONDAY.

MARKETS FOR MONDAY O2 JAN AFTER THE BULLISH WEEKLY CLOSE ON FRIDAY THE LAST TRADING DAY OF THE YEAR 2016, NIFTY AS PER WEEKLY CHARTS LOOKS EXTREMELY STRONG FOR MUCH HIGHER LEVELS SUGGESTING  ALL TRADERS& INVESTORS TO HOLD ON TO THE LONG FUTURE POSITIONS INITIATED DURING LAST WEEK FOR MUCH HIGHER LEVELS DURING JANUARY 2017 LEADING TO THE BUDGET.

HAVE A STOP LOSS BELOW 29TH  DEC LOWS OF 8020 SPOT AND 8048 FUTURES AND BOLDLY BUY EVERY DECLINE. TO PROTECT THE LONGS ONE MAY HEDGE BY SELLING ON RISE THE CALLS OF 8300, BUT QUIT THE SHORTED CALLS OF 8200 ON DECLINES. OPTION BUYERS SHOULD USE INTRADAY  DECLINES OR A DAY OR TWO OF PAUSE IN MARKETS TO BUY AND HOLD 8100 CALLS. AFTER TWO DAYS OF GOOD RISE ON THURSDAY AND FRIDAY NIFTY MAY TAKE A PAUSE OR CORRECT A BIT ON MONDAY THAT SHOULD BE FULLY USED TO BUY FUTURES AND 8100 CALLS.

IN THE WEEKLY CHARTS OF NIFTY, THE CANDLE FORMED FOR WEEK ENDING 30 DEC LOOKS MEGA BULLISH. THE WEEKLY CANDLE HAVING MADE A LOWER LOW BELOW ITS PREVIOUS WEEKENDING 23RD  DEC WEEKLY CANDLE LOW , WENT UP TO CLOSE MUCH HIGHER THAN THE HIGH OF THAT WEEKLY CANDLE OF 23 DEC. WITH THE WEEKLY INDICATORS LOOKING BOTTOMED OUT ONE CAN USE THE PAUSE OR MILD DECLINE ON MONDAY OR ANY DAY DURING THE WEEK TO BUY.

MOST LIKELY IN NEXT FEW DAYS NIFTY WILL RISE TO CONTEST THE 9TH DEC SWING HIGHS OF 8275 SPOT AND 8325 FUTURES WHICH ARE AROUND THE 200 DAY SMA, AND AFTER SO MANY TIMES OF FALSE BREACHES  AND REJECTIONS OF 200 DAY SMA, A DECISIVE CLOSE FOR TWO TO THREE DAYS ABOVE THIS SWING HIGH OF 8275 AND THE 200 DAY SMA AROUND 8262 SPOT CAN CONFIRM THE RESUMPTION OF THE BULL RUN.

IN THE DAILY CHARTS NIFTY ON FRIDAY HAS CLOSES AT 8185  SPOT AFTER MAKING A HIGH OF 8197 SPOT & FOR THE FIRST TIME HAS BREACHED AND CLOSED ABOVE THE 34 DAY EMA AROUND 8161 . BEFORE THIS ON EVERY OCCASION SINCE 30 OCT HIGHS IT HAS JUST TOUCHED BUT FAILED TO BREACH AND CLOSE ABOVE THE 34 DAY EMA. EVEN ON THE 9TH DECEMBER SWING HIGHS OF 8275, NIFTY SPOT HAD JUST TOUCHED THE 34 DAY EMA AND FELL FROM THERE.

WITH THE DAILY INDICATORS LOOKING HIGHLY BULLISH, THIS CLOSE AT 8185 MUCH ABOVE THE 34 DAY EMA AROUND 8161 SUGGESTS MORE UP MOVE IN STORE FOR NIFTY AND ONE SHOULD USE THE DECLINES AS A GOD SENT OPPORTUNITY TO BUY AND HOLD. FOR INTRADAY TRADING ON MONDAY , EXPECT A PAUSE OR DECLINE AND IF AT ALL IT COMES THEN WAIT FOR AN INTRADAY REVERSAL CANDLE TO BOLDLY BUY .(INTRADAY TRADING LEVELS FUTURES  AND OTHER LEVELS ARE FOR SUBSCRIBERS ONLY)

WISHING EVERYONE A HAPPY AND LUCKY NEW YEAR 2017

MARKETS FOR FRIDAY 30 DEC AFTER THE PAUSE ON WEDNESDAY AS PART OF ALTERNATE DAYS OF RISE AND FALL, NIFTY RESUMED ITS BULL RUN THAT HAD STARTED FROM MONDAY/TUESDAY’S SWING LOWS AROUND 7893 TO 7903 SPOT LEVELS. NOW, TILL SUCH TIME THIS SWING LOW OF 7893 IS NOT DECISIVELY BREACHED NIFTY WILL MOVE UP & UP WITH MILD PAUSES IN BETWEEN OFFERING GREAT BUYING OPPORTUNITIES, TO GO AND CONTEST THE 9TH DECEMBER SWING HIGH OF 8275 SPOT. SO REMAIN LONG IN NIFTY FUTURES AND USE RISES TO SHORT 8300 AND 8200 CALLS. OPTION BUYERS CAN USE DECLINES TO BUY 8100 CALLS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS 8090 FUTURE IS NOT BREACHED, NIFTY FUTURES WILL MOVE UP. A BREACH & STAY BELOW 8090 WILL MAKE THE FUTURES WEAK TO GO SHORT TOWARDS 8050 FUTURE LEVELS.  AFTER A PAUSE OR FALL, IN CASE NIFTY FUTURE RISES TO BREACH AND STAY ABOVE 8150 THEN  IT WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS  8175 FOLLOWED BY 8188 LEVELS.

AN APPROACH TOWARDS 8140 TO 8150 BUT FAILING TO BREACH AND STAY ABOVE THIS ZONE CAN BE CONFIDENTLY TRADED SHORT WITH STOP LOSS ABOVE 8150 TO REVERSE AND GO LONG. NIFTY LOOKS STRONG AND IN CASE IT PAUSES OR CORRECTS ON FRIDAY THEN ONE CAN GO LONG FOR NEXT WEEK.

MARKETS FOR THURSDAY 29 DECEXPIRY DAY, SO BETTER TO AVOID TRADING. IT IS BETTER NOT TO TRADE TILL MONDAY. NIFTY FUTURES BREACHING AND STAYING ABOVE 8060 TO 8065 IS BULLISH TO REVISIT WEDNESDAYS HIGHS OF 8100 TO 8110. A FAILURE TO BREACH AND STAY ABOVE 8060 TO 8065 FUTURES CAN BE SHORTED  WITH STOP LOSS ABOVE THIS ZONE TO REVERSE AND TRADE LONG.

AFTER INITIAL RISE IN CASE NIFTY FUTURES SLIDES BELOW 8040 THEN IT WILL BE A SIGN OF WEAKNESS TO TRADE SHORT AND IN CASE FUTURES SLIDES TO STAY BELOW 8000 THEN MORE SHORTS BE ADDED. ONE MUST KEEP IN MIND THAT ON EXPIRY DAY TECHNICALS DON’T WORK, HENCE BETTER TO AVOID TRADING TILL MONDAY. ONE MUST USE INTRADAY RISE TO BOLDLY SHORT JANUARY 8300 AND 8200 CALLS AND HOLD THESE.

MARKETS FOR WEDNESDAY 28 DEC SOLID RISE AFTER 1 PM  TRIGGERED SHORT COVERING THE MOMENT NIFTY BREACHED OUR GIVEN LEVEL OF 7950 AND WENT UP AS HIGH AS 8044 TO CLOSE AT 8030 IN THE FORM OF A HIGHLY BULLISH GREEN CANDLE SUGGESTING SOME MORE DAYS OF RISE. AS LONG AS SPOT NIFTY STAYS ABOVE 7965 AND DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW 7965 , EVERY INTRADAY DECLINE TOWARDS IT IS A BUY. ANY TIME DURING THE DAY, A RISE BY SPOT NIFTY TO BREACH 8045 TO 8050 TO CLOSE A 30 MINUTE CANDLE ABOVE THIS ZONE IS A HIGHLY  BULLISH SIGNAL TO GO LONG.

FOR INTRADAY TRADING ON WEDNESDAY, MOST LIKELY THE BULLISH MOMENTUM WILL CONTINUE AND IN CASE NIFTY FUTURE INITIALLY BREACHES 7945 TO CLOSE A 30 MINUTE CANDLE ABOVE IT & THEN RISES TO BREACH AND STAY ABOVE 8060 TO 8070 THEN ONE CAN ADD TO THE LONG POSITIONS FOR MUCH HIGHER LEVELS TOWARDS 8100 OR HIGHER LEVELS. A FAILURE TO BREACH THIS CRITICAL 8060 TO 8070 FUTURE ZONE  WILL SEE WEAKNESS IN NIFTY WHICH CAN BE SHORTED FOR GOOD INTRADAY GAINS WITH STOP LOSS ABOVE THIS ZONE OF 8060 TO 8070 TO REVERSE FOR GOING LONG.

A SLIDE BY FUTURES TO BREACH AND STAY BELOW   7997 TO 7990 FUTURE ZONE CAN BE BRUTALLY SHORTED FOR GOOD INTRADAY GAINS. WHATEVER ONE DOES TO NIFTY FUTURES DOES NOT MATTER BUT USE EVERY RISE TO BOLDLY SHORT  JANUARY 8300 AND 8200 CALLS AND HOLD THESE.  AFTER TUESDAY’S HIGHLY BULLISH CANDLE,  NIFTY CERTAINLY LOOKS BULLISH TECHNICALLY FOR SOME MORE DAYS OF RISE TO BRING CHEERS TO THE LONG FUTURE HOLDERS.

MARKETS FOR TUESDAY 27 DEC NIFTY FUTURES FAILING TO RAISE ITS HEAD AND STAY ABOVE 7944 CAN BE BOLDLY SHORTED FOR GOOD INTRADAY GAINS WITH STOP LOSS ABOVE 7950 TO REVERSE FOR TRADING LONGS. A SLIDE AND STAY BELOW 7887 TO 7880 FUTURES CAN ALSO BE SHORTED FOR GOOD INTRADAY GAINS.

ALTERNATIVELY ONE CAN TRADE INTRADAY LONG IN CASE NIFTY FUTURES APPROACHES MONDAYS LOWS OF 7896 TO 7890 WITH STOP LOSS BELOW 7880 FUTURES TO REVERSE AND TRADE SHORT. USE EVERY RISE TO BOLDLY SHORT JANUARY 7300,7200 CALLS AND HOLD THESE SHORTED CALLS FOR VERY GOOD GAINS AS THESE WILL REACH NEAR ZERO VALUE ON JANUARY EXPIRY.

MARKETS FOR MONDAY 26 DEC NIFTY TOOK A WELL DESERVED PAUSE ON FRIDAY AFTER MAKING AN INTRADAY LOW OF 7942 JUST ABOVE THE CRITICAL 21ST NOV SWING LOW OF 7916. THIS PAUSE CAME AFTER 7 CONSECUTIVE DAYS OF LOWER CLOSINGS & WHO KNOWS NIFTY MAY RISE OR PAUSE FOR NEXT FEW DAYS TO COMPENSATE A PORTION OF THE BIG LOSS AFTER NOVEMBER MONTH HIGHS OF 8668 SPOT. SO, FOR THE TIME BEING, ONE MAY LOOK FOR ANY INTRADAY DECLINE TO BUY FOR INTRADAY GAINS KEEPING AT THE BACK OF MIND ON EVERY BUY TRADE THAT THIS WEEK 23RD DEC  NIFTY SPOT HAS CLOSED AT 7985 MUCH BELOW THE LOWS OF ITS TREE PREVIOUS WEEKS, EVEN THOUGH THE WEEKLY LOW WAS AT THE  WEEKLY LOWER BOLLINGER BAND.

PLEASE DO NOT HESITATE TO REPEAT THE TWO MONTHS OLD HABIT OF BOLDLY WRITING JANUARY 8300,8200 CALLS ON EVERY RISE IN CASE BUYING FUTURES TO TAKE FULL ADVANTAGE OF THE LIKELY RISE. REMEMBER THE DECEMBER MONTH OF 2015 HAD NIFTY SPOT CLOSING AROUND 7946. SO EXPECTING NIFTY SPOT TO CLOSE MUCH HIGHER THAN THE LAST YEAR’S CLOSING OF 7946 SPOT MAY BE EXPECTING A BIT TOO MUCH ALTHOUGH JANUARY  2017 PROMISES SOME RETRACEMENT RISE BUT JANUARY END  2017 CLOSING ABOVE  DECEMBER 2016 HIGH OF 8275 SPOT CAN ONLY BE NOTHING OTHER THAN A DISAPPOINTING DREAM.(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, STOCK FUTURES & BNF ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR FRIDAY 23 DEC LOW VOLUME SLIDE CONTINUED FOR THE 7TH DAY IN A ROW AND IT WILL CONTINUE NOT FOR SOME MORE DAYS BUT FOR SOME MORE WEEKS. ENOUGH MONEY HAS BEEN MADE BY WRITING 8300, 8200 AND 8100 CALLS , NOW THESE ARE ALMOST NEAR ZERO VALUE , SO BOOK PROFIT IN THESE SHORTED CALLS BY BUYING THESE BACK ON THE INITIAL FALL ON FRIDAY AND LOOK FOR A RISE TO BRUTALLY SHORT JANUARY MONTH CALLS OF 8300, 8200 & 8100. DO NOT BUY ANY FUTURES NOW AND WAIT TO BUY FUTURES ONLY WHEN NIFTY SPOT CLOSES ABOVE 8125. ALREADY ENJOYED DECEMBER CALL WRITING, NOW  START WRITING JANUARY CALLS ON EVERY RISE TO POCKET THE ENTIRE PREMIUM ON THESE.

MARKETS FOR THURSDAY 22 DEC NIFTY FELL FOR 6 DAYS IN A ROW AND ALL CALL WRITERS ARE MINTING MONEY. NOW JUST THINK THAT NIFTY WILL FALL AT LEAST FOR TWO MORE DAYS TO MAKE IT 8 DAYS IN A ROW. USE INTRADAY RISE TO DOUBLE SHORT 8200 CALLS AND HOLD THESE WITH SHORTED CALLS OF 8100 TO SEE ZERO VALUE IN THESE CALLS.

FOR INTRADAY TRADING OF NIFTY FUTURES FORGET GOING LONG  TILL SUCH TIME NIFTY FUTURES STAYS BELOW 8109 ABOVE WHICH INTRADAY LONGS CAN GIVE SMALL BUT QUICK GAINS. ONE CAN TRADE SHORT IN CASE BY CHANCE ONE SEES NIFTY FUTURES APPROACHING 8100 WITH A STOP ABOVE 8110 TO GO LONG ABOVE IT. SAFE TRADERS CAN WAIT FOR NIFTY FUTURES TO APPROACH 8050 TO TRADE LONG WITH A STOP LOSS A FEW POINTS BELOW 8050 TO REVERSE AND TRADE SHORT.

MARKETS FOR WEDNESDAY 21 DEC THERE IS NOTHING IN THIS MARKETS TO LOOK FOR AT LEAST FOR NEXT FEW DAYS. SO BETTER TO GO ON A HOLIDAY OR AVOID AGGRESSIVE TRADING TILL THIS MONTH IS OVER. LOOK FOR A DECLINE OF A FEW POINTS TOWARDS OR BELOW THE PREVIOUS DAYS LOWS TO BUY FUTURES AND AS NIFTY RISES BE BOLD AND SHORT 8200 CALLS. IN CASE HOLDING BOUGHT FUTURES THEN BOLDLY SHORT 8100 CALLS TO POCKET THE ENTIRE PREMIUM ON THESE CALLS BY HOLDING ON TO THE LONG FUTURES.

FOR WEDNESDAY’S INTRADAY TRADING OF NIFTY FUTURES, TRADE SHORT IN CASE FUTURES CAN NOT BREACH AND STAY ABOVE TUESDAY’S HIGH OF 8134 WITH  STOP A FEW POINTS ABOVE IT, A FAILURE TO APPROACH 8134 CAN ALSO BE SHORTED. A SLIDE BELOW TUESDAYS LOWS OF 8072 ALSO  CAN BE TRADED SHORT FOR GOOD INTRADAY GAINS. AVOID BUYING NIFTY OR STOCK OPTIONS AS THESE WILL SEE ZERO VALUE. WRITE AT THE MONEY OR OUT OF THE MONEY OPTIONS TO POCKET THE PREMIUM.

MARKETS FOR TUESDAY 20 DEC AFTER 4 CONSECUTIVE DAYS OF LOWER LOWS, LOWER HIGHS AND LOWER CLOSINGS WITH VERY VERY LOW VOLUME TRADES, EXPECT A RETRACEMENT RISE ON TUESDAY 20TH DEC. WAIT FOR SOME INTRADAY DECLINES AT WHATEVER LEVEL IT MAY BE  TO BUY FOR GOOD INTRADAY GAINS. USE RISE TO CONFIDENTLY SHORT HIGHER CALLS OF 8200 AND 8300 AND HOLD THESE WRITTEN CALLS WITH THE LONG FUTURES TO POCKET THE ENTIRE PREMIUM ON THESE OUT OF THE MONEY CALLS.

 MARKETS FOR MONDAY 19 DEC TILL SUCH TIME SPOT NIFTY CONTINUES TO TRADE ABOVE 5TH DECEMBER LOWS OF 8056 (8076 FUTURES), IT WILL CONTINUE TO BE RANGE BOUND WITH VERY LOW VOLUME TRADES OF ONE OR TWO DAYS OF  UP  SIDE & ONE OR TWO DAYS OF DOWN SIDE. A DECISIVE CLOSE BELOW 8056 SPOT & 8076 FUTURES WILL SEE BIGGER FALLS TOWARDS 21ST NOV LOWS OF 7916 SPOT OR 7921 FUTURES.

ONLY A BREACH AND MORE IMPORTANTLY A CLOSE BELOW THIS CRITICAL SWING LOWS OF 7916 SPOT & 7921 FUTURES WILL CONFIRM THAT THE MEDIUM TERM OUT LOOK IS BEARISH FOR MUCH LOWER LEVELS OTHERWISE EXPECT A GOOD BOUNCE. HOWEVER ANY BOUNCE HOWEVER BIG IT MAY BE TILL IT DOES NOT BREACH AND CLOSE ABOVE  9TH DECEMBER SWING HIGHS OF 8275 SPOT OR 8294 FUTURES, IT WILL BE PULLED DOWN AGAIN TO  REVERT BACK & GET CONFINED TO RANGE BOUND MOVE .

THE BEST WAY TO TRADE THIS MARKET IS, HOLD ON TO OUR FAVORITE SHORTED CALLS OF 8200 AND 8300 AND WRITE MORE CALLS OF 8200 AND 8300 ON EVERY INTRADAY RISE OF NIFTY. BUY FUTURE ONLY IF NIFTY FUTURE ON DECLINES AND IF IT SLIDES BELOW 8100 TOWARDS 8075 FUTURE LEVELS  AND HOLD THESE BOUGHT FUTURES WITH THE BRUTALLY SHORTED 8200 AND 8300 CALLS.

BUYING AND MORE IMPORTANTLY HOLDING INDEX OR STOCK OPTIONS ARE DEFINITELY SUICIDAL DURING THESE LOW VOLUME AND RANGE BOUND MARKETS AS THESE BOUGHT CALLS WILL SEE ZERO VALUE ON EXPIRY DAY. SO, BUY FUTURES ON DECLINES AND USE INTRADAY RISES TO SHORT HIGHER OUT OF THE MONEY CALLS AND HOLD BOTH SETS TILL EXPIRY.

 UPDATING WILL RESUME FROM MONDAY 12TH DECEMBER

MARKETS FOR WEDNESDAY 07 DEC AS RBI WILL ANNOUNCE A RATE CUT AROUND 2.30 PM, IT IS BETTER TO AVOID AGGRESSIVE TRADES TILL 2 PM OR COMPLETELY AVOID TRADING ON  WEDNESDAY TO START FRESH FROM THURSDAY ONWARDS. A 50 POINT RATE CUT WILL CERTAINLY SEE A SPURT IN NIFTY AND A 25 BASIS POINT RATE CUT WILL SEE A SLUMP IN THE MARKETS.

MARKETS FOR TUESDAY 06 DEC NIFTY LOOKS BULLISH AND CAN MOVE UP HIGHER WITH SMALL SMALL PAUSES IN BETWEEN. AS LONG AS NIFTY FUTURES DOES NOT FALL TO BREACH AND STAY BELOW 8131, USE EVERY  MINOR DECLINE TO BUY FUTURES FOR VERY GOOD GAINS TOWARDS 8200 FOLLOWED BY 8252 FUTURE LEVELS. A SLIDE BY NIFTY FUTURES BELOW 8131 TO STAY BELOW IT CAN BE SHORTED WITH VIGOR FOR GOOD INTRADAY GAINS. MARKET IS BULLISH FOR NEXT FEW DAYS AND USE EVERY DECLINE TO BUY FUTURES AND HOLD.(DETAIL INTRADAY  TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR MONDAY 05 DEC NIFTY SPOT CLOSED THE WEEK AT 8086 EXACTLY ON THE 50 WEEK MOVING AVERAGE IN THE FORM OF A WEEKLY GRAVESTONE DOJI. MOST LIKELY NIFTY WILL AGAIN MOVE UP FROM MONDAY OR TUESDAY ONWARDS AS MOST OF THE WEEKLY INDICATORS ARE IN THE OVERSOLD ZONE. ANY SLIDE OR GAP DOWN OR A TRADE  TOWARDS 8050 SPOT ON MONDAY IF AT ALL IT COMES CAN BE BOUGHT INTO FOR GOOD GAINS.

STARTING FROM 21ST NOV SWING LOWS OF 7916 SPOT TILL 1ST DECEMBER SWING HIGH OF 8250 NIFTY SPOT HAS COVERED 334 POINTS AND THE SLIDE TILL 2ND DEC LOWS OF 8070, IT HAS COVERED ALMOST 50% WHICH COMES TILL 8083. SO EXPECT A BOUNCE FROM HERE OR FROM THE 61.8% LEVEL OF 8044 TO 8040 SPOT LEVELS. HENCE ANY SLIDE ON MONDAY TOWARDS 8050 OR ANY GAP DOWN CAN BE BOUGHT AND MORE BE ADDED IN CASE NIFTY SPOT APPROACHES PSYCHOLOGICAL LEVEL OF 8000.

NIFTY FUTURES WHICH HAS CLOSED THE WEEK AROUND 8110 CAN SHOW INITIAL STRENGTH ON BREACHING AND STAYING ABOVE 8122. HOWEVER A SLIDE TO BREACH AND MORE IMPORTANTLY IF IT STAYS BELOW FRIDAYS LOWS OF 8090 FUTURES THEN IT WILL BE A  SIGN OF FURTHER WEAKNESS. FOR MONDAY’S INTRADAY TRADING OF NIFTY FUTURES, AS LONG AS IT DOES NOT SLIDE TO STAY BELOW 8075 , IT CAN ALWAYS BOUNCE UP. AFTER A SLIDE IF IT BOUNCES TO BREACH AND STAY ABOVE 8144 THEN IT WILL TRIGGER  SHORT COVERING TO SEE HIGHER LEVELS OF 8164 FOLLOWED BY 8181 TO 8195 OR EVEN 8200 OR HIGHER FUTURE LEVELS.

A FAILURE TO RISE & BREACH & MORE IMPORTANTLY A FAILURE TO STAY ABOVE  8144 TO 8150 FUTURE ZONE  WILL MAKE IT WEAK . MORE WEAKNESS CAN BE SEEN IF THE RISE  FALTERS NEAR OR  BELOW 8144 AND  SLIDES TO STAY BELOW 8118 TO SLIDE FURTHER BELOW 8075. BELOW THIS,  THE FUTURES WILL SEE FURTHER WEAKNESS TO SEE LOWER SUPPORTS OF 8055 OR EVEN 8033 TO 8025  LEVELS TO SEE VERY STRONG BUYING COMING HERE AFTER. BUY FUTURES ON DECLINES  BUT STICK TO THE HELD POSITIONS IN SHORTED 8200 & 8300 CALLS AS HEDGE TO THE LONG FUTURES ALREADY HELD & TO BE ADDED ON INTRADAY DECLINES.

MARKETS FOR FRIDAY 02 DEC NIFTY AS EXPECTED TOOK A PAUSE  AFTER FOUR DAYS OF RISE AND 2ND DECEMBER BEING THE WEEKEND CLOSING EXPECT THE PAUSE TO CONTINUE.  THE PRESENT PAUSE MAY BE A MILD CORRECTION TO THE BIG RISE NIFTY HAD FROM 21ST NOV LOWS OF 7916 SPOT TILL 1ST DECEMBER HIGHS OF  8250 SPOT. THIS PAUSE MAY NOT LAST LONG BECAUSE THE RISE FROM 21ST NOV LOWS OF 7916 TILL 1ST DEC HIGHS OF 8250 HAS NOT YET RETRACED EVEN 38.2% OF THE FALL FROM 7TH SEPT HIGHS OF 8969 TILL 21ST NOV LOWS OF 7916.

FIBO 38.2% COMES AROUND 8318 SPOT, 50% COMES AROUND 8442 AND 61.8% COMES AROUND 8567 SPOT LEVELS. SO EXPECT AFTER THE PAUSE NIFTY TO RISE TOWARDS EACH OF THESE FIBO LEVELS BEFORE FINALLY BREAKING OUT OF 8567 SPOT TO RESUME THE BULL RUN. THE FALL TILL 21ST NOV LOWS OF 7916 WAS ALMOST 50% RETRACEMENT COUNTED FROM BUDGET DAY 29TH FEB LOWS OF 6825 SPOT TILL 7TH SEPT SWING HIGH OF 8969 SPOT.IN VIEW OF THIS IT IS BETTER TO WAIT FOR SOME MORE WEEKEND BASED DECLINES TO BOLDLY BUY AND ADD ON TO THE LONG POSITIONS TO SEE AGAIN A GOOD RISE STARTING FROM COMING WEEK. NIFTY WILL BE MADE TO BREACH THE 200 DMA AND CLOSE BELOW IT TO WEED OUT WEAKER HANDS. HOWEVER A CLOSE BELOW 29TH NOV LOWS OF 8128 SHOULD CAUTION THE BULLS FOR BIGGER FALLS.

SPOT NIFTY HAD A WEEKLY CLOSING AT 8114 LAST WEEK ENDING 25TH NOV IN THE FORM OF A GREEN HAMMER. SO ONE MUST BE REASONABLY SURE TO SEE NIFTY BEING PULLED DOWN SO THAT IT CLOSES NEAR OR BELOW 8122 SPOT WHICH WAS THE HIGH OF THIS WEEKLY GREEN HAMMER. SO, DO NOT  PANIC  IF SPOT NIFTY IS PULLED DOWN INITIALLY OR LATER IN THE DAY, THE FOUNDATION FOR WHICH WAS ALREADY LAID ON THURSDAY. BUY DECLINES AND HOLD FOR THE COMING WEEK. DO NOT FORGET TO HOLD THE SHORTED 8200 AND 8300 CALLS  WITH THE LONG FUTURES AS THESE SHORTED CALLS WILL PROVIDE GOOD HEDGE FOR THE LONG FUTURES.

FOR INTRADAY TRADING OF NIFTY FUTURES, BOLDLY TRADE SHORT IF NIFTY FUTURES CAN NOT RISE AND STAY ABOVE 8240 TO 8248 ZONE, WITH A STOP LOSS ABOVE THIS ZONE. ONE CAN RESORT TO BRUTAL SHORTING WITH CARGO VOLUME IF FUTURE SLIDES BELOW 8175 TO 8170 ZONE. IF INITIALLY OR AFTER THE DECLINE FUTURE RISES TO STAY ABOVE 8240 TO 8248 THEN QUIT SHORTS AND GO MEGA LONG FOR QUICK GAINS

MARKETS FOR THURSDAY 01 DEC NIFTY, AS WAS PREDICTED ON 25TH NOV, HAS GONE UP FOR 4 DAYS IN A ROW FROM A 25TH NOV LOW OF 7947 SPOT TILL  WED 30 DEC HIGH OF 8270 TO CLOSE AROUND 8253 SPOT MUCH ABOVE THE  200 DAY SMA LEVEL OF 8177 SPOT. THERE IS STILL SOME MORE UP SIDE IN NIFTY AND USE INTRADAY DECLINE OR EVEN A FLAT FOR A DAY OR TWO TO BOLDLY BUY AND ADD ON TO THE LONG POSITIONS. HAVE 8161 SPOT ON A DAILY CLOSING BASIS AS STOP LOSS AND BOLDLY BUY ON EVERY INTRADAY DECLINE TOWARDS 8200 OR EVEN 8181 SPOT LEVELS. EITHER THE BULL RUN WILL CONTINUE OR AFTER A DAY OR TWO OF PAUSE IT WILL RESUME WITH MORE VIGOR.

FOR INTRADAY TRADING OF NIFTY FUTURES, AS LONG AS FUTURE STAYS ABOVE 8240 IT WILL CONTINUE WITH THE BULLISH MOMENTUM. ONLY A SLIDE TO BREACH AND STAY BELOW 8218 CAN SEND SHIVERS FOR BIGGER FALLS. SO BUY DECLINES TOWARDS 8218 WITH A STOP LOSS BELOW 8200 TO TRADE SHORT BELOW IT FOR LOWER TARGETS TOWARDS WEDNESDAY’S LOWS OF 8171 TO 8166 FUTURE LEVELS.

ON THE HIGHER SIDE, IN CASE FUTURE STAYS ABOVE 8240 AND MOVES UP TO BREACH AND MORE IMPORTANTLY STAY ABOVE WEDNESDAY’S HIGHS FOLLOWED BY BREACH AND STAY ABOVE THE CRITICAL FUTURE ZONE OF  8282 TO 8288, THEN EXPECT MASSIVE SHORT COVERING TOWARDS THE PSYCHOLOGICAL LEVEL OF 8300 FOLLOWED BY 8320 & A BREACH TO STAY ABOVE 8320 CAN EASILY SEE 8340 TO 8350 FUTURE LEVELS. LOOK FOR DECLINES TO BUY OR SELL IN CASE FUTURE FAILS TO BREACH AND STAY ABOVE 8282 TO 8288 ZONE.

MARKETS FOR  FRIDAY 25 NOV NIFTY LOOKS EXTREMELY OVERSOLD, HENCE BOLDLY BUY DECLINES ON FRIDAY 25TH NOV FOR A VERY GOOD RISE NEXT WEEK. BARRING NASTY THINGS, EXPECT SOLID RISE IN MARKETS FROM MONDAY TILL WEDNESDAY

FOR INTRADAY TRADING ON FRIDAY 25TH NOV, NIFTY FUTURES BREACHING AND STAYING ABOVE 8050 WILL BE A SIGN OF STRENGTH TO ADD MORE LONGS TOWARDS TARGETS OF 8066 AND 8090.  A FALL TO BREACH & MORE IMPORTANTLY  STAY BELOW TO CLOSE A 30 OR EVEN A 15 MINUTE CANDLE BELOW 8010 WILL BE A SIGN OF WEAKNESS FOR INTRADAY SHORTS. A SLIDE TO BREACH AND STAY BELOW 7975 FUTURE LEVELS CAN BE USED TO ADD ON TO INTRADAY SHORTS TOWARDS LOWER FUTURE LEVELS OF 7959 OR EVEN 7930 LEVELS. RISKY TRADERS CAN USE DECLINES ON FRIDAY TO TAKE LONG POSITIONS FOR THE COMING WEEK STARTING 28TH NOV BUT HEDGE BY WRITING CALLS OF 8200 OR SHORT HIGHER CALLS ON RISE.

UPDATING WILL RESUME FROM THURSDAY 1ST DECEMBER

MARKETS FOR  THURSDAY 24 NOV

NIFTY IS LIKELY TO RISE  FOR SOME MORE DAYS, SO USE THE DECLINES  ON THE EXPIRY DAY TO BOLDLY BUY.

MARKETS FOR  WEDNESDAY 23 NOV       AS WAS EXPECTED NIFTY SHOWED  THE UPWARD RETRACEMENT ON TUESDAY TO THE SIX CONSECUTIVE DAYS OF FALLS. THE LOWS OF MONDAY & A HIGHER LOW ON TUESDAY LOOK LIKE A DOUBLE BOTTOM IN 30 MINUTE CHARTS THAT WILL SHOW ACCELERATED SLIDE AFTER IT GETS BREACHED ONCE THE CURRENT RETRACEMENT GETS OVER. ONE SHOULD USE EVERY RISE TO WRITE 8200 CALLS TO SEE IT REACHING ZERO VALUE ON EXPIRY DAY. TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO CLOSE ABOVE ITS 200 DMA AROUND 8150, EVERY RISE IS A SHORTING OPPORTUNITY FOR HIGHER CALLS AND EVERY DECLINE IS A SHORTING OPPORTUNITY FOR LOWER PUTS OF 7900 AND LOWER.

FOR INTRADAY TRADING ON WEDNESDAY, AFTER THE INITIAL AIMLESS MOVE FOR FIRST 30 MINUTES, IN CASE NIFTY FUTURES FAILS TO STAY ABOVE 7979 THEN IT WILL BE A SIGN OF WEAKNESS TO BRUTALLY TRADE SHORT TO SEE LOWER LEVELS 7950 TO 7930. AFTER A SLIDE OR IN CASE NIFTY FUTURES BREACHES AND MORE IMPORTANTLY STAYS ABOVE 8050 TO 8055 THEN IT WILL BE A SIGN OF STRENGTH TO BOLDLY TRADE LONG TOWARDS 8100 OR HIGHER FUTURE LEVELS. UPWARD RETRACEMENT IS ON , SO AFTER INITIAL RISE OR ANYTIME THE INTRADAY TRADERS SHOULD LOOK FOR A DECLINE TO TRADE LONG.

 MARKETS FOR  TUESDAY 22 NOV NIFTY SPOT HAS BREACHED 9TH NOV TRUMPY LOW OF 8000  TO MAKE A NEW SWING LOW OF 7916 TO CLOSE AT 7942 SPOT. ALTHOUGH ONE MAY FIND NIFTY RISING A BIT(IF BULLS ARE REALLY LUCKY TO GET A QUITTING OPPORTUNITY) TO FOOL OTHERS, BUT BE ABSOLUTELY SURE IT CERTAINLY IS A WAKE UP CALL FOR THE BULLS AND LONG POSITION HOLDERS TO LOOK FOR  DECEPTIVE BOUNCE TO QUIT LONGS & BRUTALLY SHORT EVERYTHING AVAILABLE IN STOCK MARKETS TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO DECISIVELY CLOSE ABOVE THE 200 DMA.

HOLD ALL THE SHORTED CALLS  OF  8400, 8300 ,8200 TO SEE ZERO VALUES IN THESE WRITTEN CALLS. HOLD THE 8400,8300,8200 & 8100 BOUGHT PUTS AND USE DECLINES TO SELL 8000, 7900 AND 7800 PUTS. ONLY A RISE TO DECISIVELY CLOSE ABOVE THE 200 DMA AROUND 8151 FOR A NUMBER OF DAYS WILL CHANGE THE PRESENT BEARISH VIEW.

HAVING BREACHED THE CRITICAL 8000 LEVELS, NOW SPOT NIFTY WILL AIM TOWARDS THE IMPORTANT 61.8% RETRACEMENT LEVEL   COUNTED FROM BUDGET DAY LOW OF 6825 TILL 7TH  SEPTEMBER HIGH OF 8968. THIS 2143 POINT RISE IN SPOT NIFTY HAS ALMOST RETRACED 50%  AT 7896 BY REACHING A LOW OF 7916 ON MONDAY 21ST NOV. AFTER A DECEPTIVE RISE, THIS 50% RETRACEMENT LEVEL OF 7896 WILL BE SHATTERED TO SLIDE FURTHER TO TEST THE CRITICAL 61.8% LEVEL OF  7644 SPOT EITHER IN NOVEMBER ITSELF OR DURING THE EARLY DECEMBER BEFORE RESUMING THE LONG TERM BULL RUN.

(DIFFERENT LEVELS FOR INTRADAY TRADING  ON TUESDAY ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  MONDAY 21 NOV THERE IS NO CHANGE TO OUR TRADING STRATEGY  OF BOLDLY SELLING HIGHER CALLS OF 8200, 8300 ON EVERY RISE OF NIFTY AND ON EVERY DECLINE BOLDLY SELL 8000, 7900 AND 7800 PUTS. BE SURE NIFTY WILL NOT CLOSE ABOVE 8200 LEVELS FOR THE CURRENT EXPIRY ON  THURSDAY 24TH NOVEMBER. SO USING EVERY RISE TO BRUTALLY SHORT 8200 CALLS WILL GIVE GOOD GAINS AS 8200 CALL IS GOING TO SEE ZERO VALUE ON THE EXPIRY DAY.

TECHNICAL INDICATORS LOOK HIGHLY OVERSOLD THAT SUGGESTS A RISE BUT ONLY AFTER NOVEMBER SERIES EXPIRY IS OVER ON 24TH NOV. FOR MONDAY’S INTRADAY TRADING PURPOSE, NIFTY FUTURE HAS TO RISE AND STAY ABOVE 8100 TO 8108 IN ORDER TO TRIGGER STOP LOSSES FOR SHORTERS THAT MAY PROPEL NIFTY FUTURES TOWARDS 8121 ABOVE WHICH ONE MAY SEE IT TESTING FRIDAY’S HIGHS OF  8139 FOLLOWED BY 8150 TO 8160 OR EVEN HIGHER FUTURE LEVELS.

A FAILURE TO BREACH AND STAY ABOVE 8100 TO 8108 FUTURE LEVELS WILL SEE SHORTERS INCREASING THEIR POSITIONS WITH STOP LOSS  ABOVE 8121. AFTER A RISE, A FALL TO BREACH & STAY BELOW 8080 CAN SEE BIGGER FALLS TO INITIALLY BREACH FRIDAYS LOWS OF 8055 FOLLOWED BY THURSDAY’S LOWS OF 8040 FUTURE LEVELS THAT MAY PROMPT THE BEARS TO BOOK PROFIT AND TAKE BUY POSITIONS.

MARKETS FOR  FRIDAY 18 NOV MARKETS ARE HIGHLY OVERSOLD AND CAN DELIVER A SURPRISE BOUNCE ANY TIME. HOLD ON TO THE 8300 AND 8200 HEDGING PUTS ALONG WITH LONG POSITIONS ENTERED AT EVERY 100 POINT FALL AS WAS SUGGESTED EARLIER. USE DECLINES TO BOLDLY SELL 8100 AND 8000 PUTS BY HOLDING ON TO THE 8300 AND 8200 PUTS. SIMILARLY USE RISE TO BOLDLY SELL 8400 AND EVEN 8300 CALLS BY HOLDING ON TO LONG FUTURES.

FOR INTRADAY TRADING ON FRIDAY, NIFTY SPOT RISING TO BREACH AND MORE IMPORTANTLY CLOSE A 30 OR EVEN A 15 MINUTE CANDLE ABOVE THURSDAY’S OPENING HIGH OF 8151 SPOT AND 8168 FUTURES WILL BE A SIGN OF STRENGTH THAT MAY SEE MASSIVE SHORT COVERING. EVEN BREACH OF 8158 FUTURES CAN GENERATE SHORT COVERING TO PROPEL FUTURES TOWARDS 8188 OR HIGHER LEVELS.

AFTER A RISE TO BREACH AND STAY BELOW 8090 FUTURES WILL BE A SIGN OF WEAKNESS FOR MORE LOWER LEVELS AND AFTER THE FALL  A RISE TO BREACH AND STAY ABOVE 8108 WILL BE A SIGN OF STRENGTH TO SEE MUCH HIGHER LEVELS. BUY DECLINES AND ON INTRADAY RISES SELL HIGHER CALLS BY HOLDING ON TO THE BOUGHT POSITIONS.

 

MARKETS FOR  WEDNESDAY 16 NOV NIFTY IS HIGHLY OVERSOLD AND IS READY FOR A BOUNCE. TRADERS AND INVESTORS CAN USE SMALL DECLINES TO BUY. HOWEVER AS LONG AS SPOT NIFTY DOES NOT BREACH TO CLOSE A 30 MINUTE CANDLE ABOVE 8200 ( 8228 FOR NIFTY FUTURES) ONE CAN NOT BE SURE OF FURTHER RISE. STAYING ABOVE 8200 SPOT OR 8228 FUTURES CAN TRIGGER MASSIVE SHORT COVERING THAT MAY PROPEL NIFTY TOWARDS MUCH HIGHER LEVELS.

ON TUESDAY 15TH NOV, NIFTY SPOT CLOSED AT 8097 WHICH ALTHOUGH IS HIGHER THAN  9TH NOV LOWS OF 8000 SPOT YET THE CLOSURE ON TUESDAY 15TH NOV IS  BELOW THE 200 DAY SMA WHICH IS AROUND 8118 SPOT. A CLOSE BELOW IT FOR ANOTHER DAY FOLLOWED BY A CLOSE BELOW 9TH NOV LOWS OF 8000 SPOT CAN CERTAINLY SEE MUCH BIGGER FALLS. TRADERS CAN ADD ON TO THEIR LONGS ON EVERY 100 POINT FALL OF NIFTY AND MUST HEDGE THE POSITIONS BY BUYING 8300 OR 8200 PUTS ON EVERY INTRADAY RISE OF NIFTY

MARKETS FOR  TUESDAY 15 NOV NIFTY OFFERS BEST OPPORTUNITY FOR LONG TERM INVESTORS TO BUY THE DECLINES OF EVERY 100 POINTS  TO BUY AND HOLD. NIFTY WILL BE MADE TO RETEST & EVEN  JUST BREACH THE 11TH NOVEMBER LOWS OF 8000 TO TRIGGER SOME MORE STOP LOSSES BEFORE BOUNCING UP. ALL TRADERS AND INVESTORS SHOULD USE THE INITIAL GAP DOWNS DAILY TO BUY 8400 CALLS AND DURING THE INTRADAY RISE SHOULD BUY 8300 OR 8200 PUTS  AND HOLD BOTH SETS OF CALLS AND PUTS . THE MOTTO SHOULD BE BUY DECLINES AND USE RISE TO HEDGE BUY BUYING PUTS.

MARKETS FOR  THURSDAY 10 NOV THE WAY NIFTY ROSE AFTER MAKING A DAY LOW OF 8002 SPOT ON THE NEWS THAT TRUMP WAS LEADING  & THEN RISING BY 475 POINTS TO A DAY HIGH OF 8476 TO CLOSE NEAR 8456 SPOT AFTER THE NEWS OF TRUMP HAVING  BEEN DECLARED AS PRESIDENT, CLEARLY INDICATES THE STRENGTH OF INDIAN MARKETS. THERE MAY BE A FACE SAVING FALL ON THURSDAY WHICH SHOULD BE BOLDLY BOUGHT  INTO & HELD FOR GREAT GAINS. HOLD ALL FUTURES AND CALLS BOUGHT AFTER THE BIG GAP DOWN OPENING OF MARKETS AND ADD ON TO IT ON EVERY DECLINE. BE SURE MARKETS ARE HEADED FOR NEW LIFE TIME HIGHS IN NEXT FEW DAYS OR WEEKS. 

MARKETS FOR  WEDNESDAY 09 NOV TOO MUCH HYPE IS CREATED ON THE OUTCOME OF U S ELECTION RESULTS. NOTHING IS GOING TO HAPPEN & IF ANYTHING IS GOING TO HAPPEN  THEN IT WILL BE OPPOSITE TO THE GENERAL CONSENSUS. MARKETS WILL FALL AFTER INITIAL BLIP IF HILLARY CLINTON WINS THE ELECTION & IN CASE TRUMP WINS THEN MARKETS WILL RISE AFTER INITIAL FALL. SO, HOLD THE CALLS AND PUTS CARRIED, TO TAKE FULL ADVANTAGE IN ONE & QUIT THE OTHER. MARKET IS BULLISH , SO BUY  IN CASE THERE IS A FALL.

MARKETS FOR  TUESDAY 08 NOV AFTER THE  BIG RISE ON MONDAY, EXPECT A NEGATIVE OR FLAT OR MILD DAY ON TUESDAY. HOLD BOTH SETS OF CALLS AND PUTS AND CARRY FOR WEDNESDAY. BE SURE THAT THE OUTCOME OF U S ELECTION RESULTS WILL BE AGAINST THE GENERAL CONSENSUS AND  AFTER THE RESULTS ARE OUT THE MARKETS WILL ALSO MOVE JUST OPPOSITE TO GENERAL CONSENSUS SO THAT EVERYONE IS FOOLED.SO BETTER TO CARRY BOTH SETS OF 8600 CALLS AND 8400 PUTS FOR THE RESULT DAY. (INTRADAY TRADING LEVELS FOR NIFTY FNO, BNF , STOCK FUTURES & OPTIONS ARE FOR SUBSCRIBERS ONLY).

MARKETS FOR  MONDAY 07 NOV  NIFTY HAD TWO CONSECUTIVE DAYS OF LOWER CLOSINGS WHICH WERE BELOW THE CRITICAL 17TH  OCTOBER  SWING LOWS OF 8505. HOWEVER THE WEEKLY CLOSE OF NIFTY SPOT AT  8433 AFTER MAKING A LOW AT THE PSYCHOLOGICAL LEVEL OF 8400 THAT WAS JUST ON THE 34 WEEK EMA SUGGESTS SOME RETRACEMENT RISE OR EVEN THE RESUMPTION OF BULL RUN IS VERY MUCH ON THE CARDS. HOWEVER, TECHNICALLY THE WEEKLY CLOSE AT 8433 SPOT BELOW ALL ITS PREVIOUS WEEKS LOWS STARTING FROM WEEKENDING 22ND JULY  LOWS OF 8476 SPOT IS CERTAINLY A SIGN OF WEAKNESS THAT ONLY CAN GET REVERSED AFTER A FAVORABLE OUTCOME OF U S ELECTION RESULTS MID THIS WEEK.

TILL THE U S ELECTION RESULTS  ARE NOT DECLARED, IT IS WISER TO HEDGE ALL LONG OR SHORT POSITIONS  AS THE RESULTS CAN GO EITHER WAY ALTHOUGH HILLARY CLINTON  HAS BETTER CHANCE OF WINNING THE ELECTIONS AS PER THE LATEST PRE POLL RESULTS. IF THIS HAPPENS THEN EXPECT A MEGA RISE IN THE MARKETS. IF TRUMP WINS THEN THERE MIGHT BE AN INITIAL DOWN SWING TO RECOVER QUICKLY IN A DAY OR TWO TO RESUME THE BULL RUN AS THE LONG PERIOD OF UNCERTAINTY WILL BE OVER AND THE MARKETS HAVE ALREADY CORRECTED A LOT.

FOR MONDAY’S TRADING PURPOSE, EXPECT SOME GOOD RECOVERY IN BANK NIFTY AND ALSO NIFTY AFTER INITIAL OPENING HITCH THAT IS HAPPENING EVERYDAY. NIFTY FUTURES WHICH HAS CLOSED AROUND 8458 CAN TURN MORE WEAK ON BREACHING AND STAYING BELOW FRIDAY’S LOWS OF 8425 IN WHICH CASE TEST OF SUB 8400 FUTURE LEVELS IS A CERTAINTY THAT MAY SEE GOOD INTRADAY BUYING THERE AFTER.IN ANY CASE STAYING BELOW 8464 FUTURE LEVELS AT ANY STAGE OF THE DAY WILL INDICATE A SIGN OF WEAKNESS. SIMILARLY ON THE HIGHER SIDE, NIFTY FUTURE HAS TO BREACH AND STAY ABOVE 8477 TO 8484 ZONE  IN ORDER TO SHOW STRENGTH THAT MAY TRIGGER SHORT COVERING TO PROPEL THE FUTURES TOWARDS 8500 OR HIGHER TOWARDS 8525 FUTURE LEVELS.

EXPECT BANK NIFTY FUTURES TO RISE IN CASE IT STAYS ABOVE 19155. A RISE TO  BREACH AND STAY ABOVE 19233  CAN TRIGGER STOP LOSSES TO PROPEL IT TOWARDS 19266 FOLLOWED BY 19322 TO 1933 OR HIGHER LEVELS. AFTER A RISE, A FALL TO BREACH AND STAY BELOW 19150 WILL INFUSE WEAKNESS IN BANK NIFTY FUTURES THAT MAY SEE SUPPORT AROUND FRIDAY’S LOWS OF 19060 TO 19040 STAYING BELOW WHICH CAN SEE MEGA FALLS IN BNF. TRADE LESS TILL 9TH NOVEMBER AND IN CASE CARRYING POSITIONS THEN  HAVE EQUAL NUMBER OF CALLS AND PUTS FOR 9TH NOVEMBER.

MARKETS FOR  FRIDAY 04 NOV EXPECT A REPEAT OF THURSDAY ON FRIDAY. A LOWER OR FLAT OPEN , RISE &  THEN FALL. HOLD YOUR SHORTED HIGHER CALLS ALONG WITH NIFTY FUTURES. OPTION TRADERS CAN BUY MULTIPLE NUMBER OF 8600 CALLS( AT LEAST 10 TO 15  CALLS) ON EVERY INTRADAY DECLINE OF  NIFTY TILL TUESDAY WHEN CALL VALUE WILL BE REDUCED AND ON EVERY  INTRADAY RISE WHEN PUT VALUE GETS REDUCED BUY EQUAL NUMBER OF 8400 PUTS(10 TO 15) AND HOLD THESE BOTH SETS OF CALLS AND PUTS TILL THE ANNOUNCEMENT OF  US ELECTION RESULTS TO HAVE  GREAT GAINS ON EITHER OF THESE ON THE RESULT DAY WEDNESDAY MORNING. AVOID ANY OTHER TYPE OF TRADING  OR TRADE INTRADAY BUT HEDGE YOUR POSITIONS TO AVOID GETTING TRAPPED. (INTRADAY TRADING LEVELS FOR NIFTY FNO, BNF , STOCK FUTURES & OPTIONS ARE FOR SUBSCRIBERS ONLY).

MARKETS FOR  THURSDAY 03 NOV NIFTY SPOT WENT AS LOW AS 8504 BELOW 17TH OCTOBER LOW OF 8506 AND CLOSED AT 8519. NIFTY SPOT WILL AGAIN BREACH WEDNESDAY’S LOWS OF 8504 AND EVEN CAN GO BELOW 8500 TO CLOSE BELOW IT TO WEED OUT WEAKER HANDS TO MOVE UP AGAIN. THESE ARE THE LIFE TIME OPPORTUNITIES TO BUY AND HOLD FOR GREAT GAINS.

HENCEFORTH USE EVERY DECLINE OF 100 POINTS (IF AT ALL IT COMES) TO BOLDLY BUY NIFTY FUTURES & ADD TO LONG POSITIONS. DO NOT HESITATE TO SHORT HIGHER CALLS OF 8700 WHEN IT RISES DUE TO INTRADAY RISE OF NIFTY. HOLD AND FORGET ABOUT THE EARLIER SHORTED CALLS OF 8800 AS LONG AS NIFTY LONG POSITIONS ARE HELD FROM WEDNESDAY’S LOWS OF 8550 LEVELS. (INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY).

MARKETS FOR  WEDNESDAY 02 NOV NIFTY FUTURES  CLOSES NEAR 8651 AND MADE A LOW OF 8633 AND A HIGH OF 8704. PLEASE REPEAT THE TRADING OF TUESDAY, THAT IS LOOK FOR A DECLINE TOWARDS TUESDAYS LOWS OR BELOW IT TO BUY FUTURES AND IN CASE NIFTY FUTURES FALLS FURTHER TOWARDS 8600 OR 8590 ADD DOUBLE LONGS IN FUTURES AND HOLD.

BE SURE DONALD TRUMP WILL WIN THE US ELECTIONS AND WILL BE THE NEXT US PRESIDENT. ALSO BE ABSOLUTELY SURE THAT U S MARKETS WILL SKY ROCKET AFTER THE ELECTION RESULTS ARE OUT. SO, USE DECLINES TO BUY YOUR FAVORITE STOCKS IN AUTO, FMCG, ELECTRICAL GOODS AND HEAVY MACHINERY STOCKS & FUTURES WHICH HAVE BEEN BADLY BEATEN DOWN.( EXACT TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  TUESDAY 01 NOV LOOK FOR SOME INTRADAY DECLINE AS A GOD SENT OPPORTUNITY TO BOLDLY BUY AND HOLD. IN CASE NIFTY FALLS BY 30 OR MORE POINTS AFTER THE INITIAL BUY, THEN ADD MORE FOR GOOD GAINS.

 

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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(EXCEPT FOR A  PRE MARKET GENERAL INFORMATION ON INDEX RANGE, SUPPORT & RESISTANCE AT 8.30AM DAILY, ALL OTHER TRADING TIPS ARE SENT DURING MARKET HOURS ONLY)

 


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NAME:-  Pradipta  Kumar  Patnaik

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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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