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MARKETS  FOR 14 DEC 2018

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                     

 

 

 

MARKETS FOR 14 DEC   NIFTY MADE A HIGHER HIGH, HIGHER LOW AND HIGHER CLOSING, THE CANDLE OF THURSDAY BEING EXACTLY ON THE RESISTANCE LINE COMING FROM 3RD SEPT HIGHS OF 11751 SPOT THROUGH 3RD DECEMBER SWING HIGHS OF 10941 SPOT. THIS RESULTED IN A SELL OF TOWARDS THE END OF DAY ON THURSDAY TO MAKE AN INTRADAY LOW OF 10750 SPOT & 10777 FUTURES TO FINALLY RISE BY END TO CLOSE NEAR 10786 SPOT & 10825 FUTURES  IN THE FORM OF A  RED SPINTOP CANDLE.

LAST WEEK ENDING 7TH DECEMBER NIFTY HAD CLOSED AROUND 10693 SPOT & 10735 FUTURES. SO AT THE WORST CASE NIFTY MAY BE MADE TO CLOSE AROUND LAST WEEK’S CLOSING LEVELS. HOWEVER A FALL TO CLOSE BELOW LAST WEEK’S LOWS OF 10588 SPOT & 10611 FUTURES WHICH ALTHOUGH IS JUST IMPOSSIBLE BUT IF THAT HAPPENS THEN IT  WILL SPELL DISASTER FOR NIFTY FOR THE COMING DAYS TO CERTAINLY FALL DURING THE COMING WEEK TOWARDS THIS WEEK’S LOWS AROUND 10350 SPOT & FUTURES TO PEEP TOWARDS 10000 LEVELS DURING THE  COMING WEEK.

A RISE ON FRIDAY TOWARDS THURSDAY’S HIGHS OF 10880 FUTURES OFFERS GREAT OPPORTUNITY FOR SWING LONG POSITION HOLDERS FROM 10500 TO BOOK PROFIT. EVEN ANY TYPE OF INITIAL RISE OR EVEN A PAUSE SHOULD BE USED TO BOOK PROFIT. HOWEVER  HEAVY LOT TRADERS CAN HOLD FUTURES AND WRITE MORE OF 10900 CALLS AND IN CASE FUTURES RISES TOWARDS 10900 THEN WRITE 11000 CALLS ALSO, BY HOLDING THE LONG FUTURES TO POCKET THE HEFTY PREMIUM ON 10900 & 11000 CALLS.

A FAILURE ON PART OF NIFTY FUTURES TO STAY ABOVE 10825  ANY TIME OR AFTER MOVING ABOVE IT & THEN FALLING BELOW TO STAY BELOW 10825 WILL BE THE FIRST SIGN OF WEAKNESS TO START BOOKING PROFIT ON HELD FUTURES. A FURTHER FALL TO BREACH THURSDAY’S LOWS OF 10777 FUTURES TO STAY BELOW IT WILL BE  THE OPPORTUNITY TO QUICKLY LIQUIDATE ALL THE LONG FUTURES HELD FROM TUESDAY THAT CAN SEE NIFTY FUTURES FALLING TOWARDS 10707 TO 10700 OR LOWER LEVELS.

AFTER A PAUSE OR FALL, IN CASE NIFTY FUTURES RISES TO  STAY ABOVE 10835 THEN IT WILL SEE FURTHER RISE TOWARDS 10850  FOLLOWED BY 10868. ONLY A STAY ABOVE 10868 FUTURES CAN SEE MUCH BIGGER RISE TO INITIALLY BREACH THURSDAY’S HIGHS OF 10882 FOLLOWED BY 10900 FUTURES. STAYING ABOVE 10900 FUTURES WILL TRIGGER MASSIVE SHORT COVERING TOWARDS 10925 OR HIGHER LEVELS TO HAVE A CLOSER LOOK AT THE 20 WEEK MOVING AVERAGE WHICH HAD REJECTED NIFTY DURING LAST WEEK. IT IS MUCH BETTER TO USE RISES TO BOOK HANDSOME PROFIT ON LONGS TO START FRESH NEXT WEEK

MARKETS FOR 13 DEC    NIFTY CERTAINLY LOOKS BULLISH AFTER THE FOLLOW UP RISE DISPLAYED ON  WEDNESDAY AFTER A PERFECT SWING LOW MADE ON TUESDAY NEAR 10350 SPOT & FUTURES. THE FACT THAT NIFTY ON WEDNESDAY BREACHED AND CLOSED ABOVE 6TH  DECEMBER HIGHS OF 10722 SPOT & 10755 FUTURES, THE BULLISHNESS IS CONFIRMED.

HOLD ALL NIFTY LONGS INITIATED ON TUESDAY AROUND 10500 AND MORE LONGS ADDED ON WEDNESDAY. FORGET THE STOP LOSS TRIGGERED ON HEDGING PUTS. IN ADDITION TO WRITTEN CALLS OF 10800 ON WEDNESDAY, HENCEFORTH FRESH HEDGING CAN BE DONE BY SELLING 10900 CALLS ON INITIAL RISE OF NIFTY ON THURSDAY INFLUENCED BY HIGHLY MANIPULATED DOW. STOP LOSS FOR ALL LONG POSITIONS ARE NOW BELOW 10650 SPOT & 10670 FUTURES ON A CLOSING BASIS.  (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 12 DEC NIFTY OPENED WITH A MASSIVE GAP DOWN NEAR 10350 OFFERING GREAT OPPORTUNITY TO TRADERS TO BOOK PROFIT ON CARRIED SHORTS AND PUTS & INTRADAY TRADERS MADE GREAT GAINS BY GOING LONG. HOWEVER EVERY ATTEMPT TO SHORT THE MARKETS FAILED MISERABLY AND NIFTY KEPT ON MOVING UP & UP TO NOT ONLY TO BREACH THE CRITICAL 50 DMA AROUND 10560 BUT ALSO CLOSED ABOVE IT TRIGGERING ALL STOP LOSSES OF INTRADAY SHORTERS.

THE HIGH VOLUME RISE SUGGESTS NIFTY TO MOVE UP FOR A DAY OR TWO MORE BEFORE RESUMING THE DOWN SWING. HOWEVER DURING THIS RETRACEMENT RISE IF NIFTY BREACHES AND MORE IMPORTANTLY CLOSES ABOVE 6TH DECEMBER HIGHS AF 10722 SPOT THEN THERE IS EVERY POSSIBILITY OF A BIGGER RETRACEMENT RISE BEFORE RESUMING THE BEAR MOVE. THE LOW OF 10333 SPOT & 10352 FUTURES MADE ON TUESDAY CAN ACT AS A GOOD SWING LOW TO USE IT TO PUT STOP LOSSES BELOW THESE LEVELS FOR ANY TYPE OF LIMITED LONGS IF  INITIATED ON MONDAY FROM AROUND 10500 LEVELS AND MORE LONGS CAN BE ADDED IF NIFTY CLOSES ABOVE 10722 SPOT. HEDGING PUTS TAKEN CAN BE HELD TILL 10722 SPOT  IS NOT BREACHED.

NOTHING HAS CHANGED FOR BETTER AFTER MONDAYS EVENING, BUT MARKETS  WENT UP AS IT LOOKED HIGHLY OVERSOLD AND HAD TO RETRACE A PORTION OF THE BIG FALLS. AS OF NOW AS LONG AS NIFTY DOES NOT FALL TO BREACH AND CLOSE A 30 MINUTE CANDLE BELOW 10444 SPOT & 10470 FUTURES, ONE CAN HOLD ON TO THE FRESHLY INITIATED LONGS IN FUTURES ALONG WITH THE EARLIER SHORTED HIGHER CALLS AND BOUGHT PUTS. ONLY A SLIDE TO BREACH AND CLOSE BELOW 10444 SPOT CAN SEE BIGGER FALLS TO BREACH 10350 FOR MUCH LOWER LEVELS. UNDER NORMAL CIRCUMSTANCES WITH BJP LOSING THE 3 IMPORTANT STATES, RESIGNATION OF RBI GOVERNOR & USD RISING AGAINST INR  SHOULD SEE BIGGER FALLS RESUMING SHORTLY.

MARKETS FOR 11 DEC NIFTY ALL SET TO FALL AND BREACH 10000 LEVELS THIS WEEK IF AFTER THE RBI GOVERNOR’S RESIGNATION NEWS IS FOLLOWED BY BJP LOSING 4 OR EVEN 3 IMPORTANT STATES AFTER THE COUNTING OF VOTES ON TUESDAY. HOLD ON TO ALL THE ADDED SHORTS , WRITTEN HIGHER CALLS AND BOUGHT PUTS WITH STOP LOSS ONLY ABOVE 6TH DECEMBER HIGHS OF 10722 SPOT ON A CLOSING BASIS.

AS WAS FEARED, NIFTY NOT ONLY BREACHED BUT ALSO CLOSED BELOW THE 50 DMA AROUND 10555. HAVING EARLIER FAILING TO BREACH THE 200 DMA & WITH BEARISH GOLDEN CROSS OF 50 DMA BREACHING THE 200 DMA DOWNWARDS THIS CLOSURE OF NIFTY BELOW THE 50 DMA IS THE FINAL NAIL ON THE COFFINS OF BULLS THAT WILL NOT ONLY BREACH THE EARLIER 26TH OCTOBER LOWS OF 10004 BUT ALSO WILL FALL & BREACH  23RD MARCH LOWS OF 10951 SPOT FOR MUCH LOWER LEVELS IN DECEMBER ONLY AS PART OF THE ON GOING BEAR MARKET.

A BJP FAVORED ELECTION RESULT ON 11TH DECEMBER CAN ONLY DELAY THE  BLOOD BATH BUT CAN NOT DENY IT SUGGESTING ALL LOOK FOR INTRADAY RISES TO ADD ON TO THE SHORTS, WRITE CALLS AND BUY MORE & ADD ON TO PUTS FOR GREAT GAINS IN DECEMBER ITSELF. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 10 DEC NIFTY’S RISE ON FRIDAY WAS A RETRACEMENT RISE TO THE ON GOING FALLS AND AFTER THE ADVERSE EXIT POLL RESULTS MOSTLY GOING AGAINST BJP, RISING CRUDE PRICES AFTER THE OPEC MEETING, DOW AGAIN FALLING BY MORE THAN 550 POINTS, ALL THESE POINT TO A BIG GAP DOWN FALL FOR NIFTY ON MONDAY TO BE FOLLOWED BY FURTHER FALLS IF USD/INR RISES AND CRUDE RISES FURTHER. SO, TILL SUCH TIME NIFTY BREACHES AND CLOSES ABOVE THURSDAY 6TH DECEMBER HIGHS OF 10722 SPOT, HOLD ON TO ALL SHORT POSITIONS AND USE INTRADAY RISES TO ADD MORE SHORTS, WRITE HIGHER CALLS AND BUY LOWER PUTS.

IN THE WEEKLY CHARTS OF NIFTY  THE WEEKLY CANDLE OF WEEKENDING 7TH DECEMBER CLEARLY LOOKS LIKE A REVERSAL CANDLE HAVING OPENED ABOVE ITS PREVIOUS WEEK’S HIGHS HIGHS AND FALLING TO CLOSE THE WEEK BELOW THE MID POINT OF THE PREVIOUS WEEK. HAVING MADE SIX CONSECUTIVE HIGHER WEEKLY HIGHS , ONE MUST BE REASONABLY SURE TO SEE COMING WEEKS TO MAKE LOWER WEEKLY HIGHS, LOWER WEEKLY LOWS.

INTERESTINGLY THIS WEEK’S WEEKLY CANDLE WAS REJECTED BY THE 20 WEEK MOVING AVERAGE AFTER TOUCHING IT AND FELL FROM THIS 20 WMA TO BREACH AND CLOSE BELOW THE IMPORTANT 50 WEEK MOVING AVERAGE. A FURTHER SLIDE TO BREACH AND CLOSE BELOW 10488 SPOT WHICH IS THE LOWS OF WEEK ENDING 30 NOVEMBER, WILL SEE MUCH BIGGER FALLS TOWARDS OCTOBER MONTH LOWS OF 10004 SPOT WITH SOME DELAYING ACTION  AROUND THE STRONG SUPPORT LEVEL OF  10440 SPOT WHICH WAS THE LOWS OF  13TH NOVEMBER .

IN THE DAILY CHARTS, HAVING FAILED TO CONQUER 200 DMA AROUND 10750 SPOT, NIFTY MAY FALL TO RETEST THE 50 DMA AROUND 10560 SPOT, CLOSING BELOW WHICH WILL GENERATE PANIC TO FORCE MARKET PLAYERS  TO QUICKLY DUMP WHATEVER IS HELD TO SIT IN CASH SO THAT THIS CAN BE EMPLOYED TO SHORT ON EVERY RISE BECAUSE OF THE BEARISH GOLDEN CROSS OF THE 200 DMA BY THE 50 DMA WILL DELIVER ITS VENUM.

FROM 26TH OCTOBER SWING LOWS OF 10004 SPOT TILL 3RD DECEMBER SWING HIGHS OF 10941 SPOT, 50% RETRACEMENT COMES AROUND 10472 AND THE IMPORTANT FIBO 61.8% LEVEL COMES AROUND 10362 WHICH WILL BE TESTED DURING THE COMING  WEEK IN CASE THE VOTE COUNTING ON 11TH DECEMBER CONFIRMS THE PROJECTIONS OF THE EXIT POLL WHERE BJP WAS LOSING IN MORE THAN THREE IMPORTANT STATES RISING CRUDE PRICES AND RISING USD/INR WILL ADD FUEL TO THE BEARISH FIRE WITH SOOTHING EFFECTS FROM HIGHLY MANIPULATED DOW TO RISE AND FALL EXACTLY OPPOSITE TO THE GENERAL CONSENSUS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 07 DEC NIFTY’S FALL CONTINUED FOR THE 3RD DAY IN A ROW WITH INCREASING MAGNITUDE AND IF CRUDE PRICE RISES AGAIN AFTER THE OPEC MEETING THEN ONE CAN EXPECT MORE FALLS IN INDIAN MARKETS. A FALL IN OIL PRICES CAN ONLY SAVE INDIAN MARKETS. USE RISES TO TRADE SHORT, WRITE HIGHER CALLS AND BUY  PUTS OF 10600, 10500.

SHORT HOLDERS CAN HAVE STRICT STOP LOSS ABOVE NIFTY FUTURE LEVELS OF 10730 ON A 30 MINUTE CANDLE CLOSING BASIS AND USE RISES OR EVEN PAUSES TO ADD ON TO THE SHORTS. DO NOT BOTHER WHAT DOW SHOWS, IT MAY MOVE UP SUBSTANTIALLY ON FRIDAY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 06 DEC NIFTY FELL AS EXPECTED BUT DID NOT FALL AS MUCH AS WAS EXPECTED. HOWEVER SLIDING TO BREACH 10833 SPOT TO CLOSE AROUND  10789 SPOT MUCH BELOW THE LOWS OF ITS PREVIOUS 3 DAYS CERTAINLY LOOKS BEARISH FOR SOME MORE DAYS OF SLIDE.

DURING THE RISE OF NIFTY FROM 26TH OCTOBER LOWS OF 10004 TILL 3RD DECEMBER HIGHS OF 10941, NIFTY HAD BREACHED THE CRITICAL 200 DMA AROUND 10750. ON WEDNESDAY 5TH DECEMBER NIFTY FELL TO TOUCH THE SAME 200 DMA  AROUND DAY LOWS OF 10747. THE HIGH OF 3RD DECEMBER AT 10941 SPOT WAS RIGHT TILL THE 100 DMA & THE BEARISH GOLDEN CROSS OF 200 DMA BY THE 50 DMA WHICH IS NOW AROUND 10575 WILL PULL NIFTY TOWARDS IT WHICH ALSO IS AROUND THE FIBO 38.2% RETRACEMENT LEVEL COUNTED FROM 26TH OCTOBER SWING LOWS OF 10004 TILL 3RD DECEMBER SWING HIGHS OF 10941 SPOT. 50% LEVEL COMES AROUND 10477 SPOT & MOST LIKELY 61.8% RETRACEMENT LEVEL COMES AROUND  10350 SPOT.

IN THE CHARTS OF LOWER TIME FRAMES, HEAD & SOLDER FORMED WITH THE NECK LINE AROUND 10833 SPOT & 10855 FUTURES & HEAD HIGHS AROUND 10941 SPOT & 10974 FUTURES SHOULD SEE A FALL OF NEARLY 110 POINTS FROM 10833 SPOT & 10855 FUTURES CAN SEE LOWER LEVELS OF 10725 SPOT & 10745 FUTURES, SUGGESTING TRADERS TO USE INTRADAY RISES TO SHORT NIFTY .IN NEXT FEW DAYS ONE SHOULD BE PREPARED TO SEE FIBO RETRACEMENT LEVELS OF 50% & 61.8% LEVELS MENTIONED ABOVE.

AFTER SUCH A BIG FALL IN DOW ON TUESDAY NIGHT, BE SURE ITS FUTURES WILL BE MADE TO LOOK UP ON THURSDAY MORNING TO PULL ASIAN MARKETS UP ON THURSDAY. USE THE DEAD CAT BOUNCE TO ADD ON TO THE SHORT POSITIONS AND BUY 10700 OR HIGHER PUTS, WRITE HIGHER CALLS WITH STOP LOSS ABOVE 10900 ON A 30 MINUTE CANDLE CLOSING BASIS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 05 DEC NIFTY SPOT TOOK A PAUSE ON TUESDAY WITH A LOWER HIGH, LOWER LOW AND LOWER CLOSING. AFTER 6 CONSECUTIVE DAYS OF RISE FROM THE LOWS OF 10489 SPOT TILL 10941 SPOT, A PAUSE OR A MOLD CORRECTION WAS VERY MUCH REQUIRED TO GIVE SUFFICIENT REST TO THE BULLS FOR THE NEXT COURSE OF ACTION.

A FALL BY NIFTY TO BREACH AND CLOSE BELOW 10833 SPOT & 10855 FUTURES WILL CERTAINLY SEE BULLS DECIDING TO JOIN HANDS WITH THE BEARS TO PULL NIFTY FURTHER DOWN. TILL THIS HAPPENS NIFTY MAY BE RANGE BOUND WITH  SMALL INTRADAY MOVES OFFERING GREAT OPPORTUNITY TO OPTION WRITERS TO POCKET THE HEFTY PREMIUM ON OUT OF THE MONEY OPTIONS.

FOR WEDNESDAY’S INTRADAY TRADING,  NIFTY WILL BE TIGHTLY PLACED TILL RBI ANNOUNCEMENT AND SUDDEN HIGH VOLATILITY MAY BE SEEN AS THE TIME OF ANNOUNCEMENT APPROACHES. THESE CHOPPINESS  AROUND THE TIME OF RBI ANNOUNCEMENT WILL BE VERY SHORT LIVED AS NOTHING IS GOING TO COME OUT OF IT. THE WELL COORDINATED CHOPPINESS  WILL BE AIMED AT TRIGGERING STOP LOSSES ONLY.

NIFTY FUTURES FALLING TO BREACH AND STAY BELOW 10870 TO 10860 FUTURES CAN SEE BIGGER FALLS  BUT ONLY TO RISE LATER TO CLOSE FLAT OR MILD. SIMILARLY A  RISE TO BREACH AND STAY ABOVE 10930 TO 10940 FUTURES CAN TRIGGER SHORT COVERING RISE TO FINALLY FALL AND CLOSE FLAT TO MILD.

MARKETS FOR 04 DEC TWO RED CANDLE DAYS IN NIFTY ON ACTUAL POSITIVE CLOSING DAYS OG FRIDAY AND MONDAY SHOWS CLEAR LACK OF FOLLOW THROUGH AND GIVES AN EXHAUSTED LOOK TO THE 6 DAYS OF CONSECUTIVE RISING MARKETS. A RISE TOWARDS MONDAY’S HIGHS OR EVEN A PAUSE IN ANY FORM CAN BE USED TO BOOK PROFIT ON  ALL LONG POSITION CARRIED FROM 200 DMA LEVELS OF 10770 FUTURES & 10750 SPOT LEVELS. EVEN MILD SHORTING CAN BE INITIATED IN CASE NIFTY FAILS TO GO NEARER TO MONDAY’S HIGHS.

 HOLD ALL THE SHORTED 11000 AND 11100 CALLS AND BOUGHT PUTS  TAKEN AS A HEDGE TO THE NIFTY FUTURE LONGS. . (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 03 DEC THE OUTCOME OF US & CHINA TARIFF  TALKS ENDED ON AN EXPECTED NOTE RESULTING IN DELAY IN TARIFF CUTS ON CHINESE GOODS BY ANOTHER 3 MONTHS. HOLD ALL THE CARRIED LONG FUTURE POSITIONS CARRIED ABOVE THE 200 DMA WITH STOP LOSS BELOW THE 200 DMA ON A CLOSING BASIS. NIFTY HAS CLOSED ABOVE THE 34 WEEKLY MOVING AVERAGE AND WILL EYE FOR THE 20 WEEKLY MOVING AVERAGE RUNNING AROUND 10966 SPOT. SO, FOR THE TIME, REMAIN LONG, BUY DECLINES TILL NIFTY PROVES OTHERWISE TO QUIT LONGS AND TRADE SHORT.

AFTER THE OCTOBER MONTH LOWS OF 10004 SPOT, NIFTY HAS MADE CONSECUTIVELY HIGHER HIGHS FOR THE NEXT 5 WEEKS IN NOVEMBER MONTH. A WEEKLY CLOSE ABOVE WEEK ENDING 30TH NOV HIGHS OF 10922 SPOT IS ANOTHER HIGHLY BULLISH INDICATION FOR MUCH HIGHER LEVELS. ALTHOUGH THE INDICATORS IN THE DAILY CHART LOOK OVERBOUGHT, YET THESE HAVE NOT YET GIVEN SELL SIGNALS WHICH WILL HAPPEN ONLY ON A DECISIVE BREACH OF 10835 SPOT & 10844 FUTURES TO CLOSE AT LEAST A 30 MINUTE CANDLE BELOW THESE LEVELS TO QUIT LONGS AND INITIATE FRESH SHORTS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 30 NOV THE BREAKOUT MOVE  HIGH ABOVE THE CRITICAL 200 DMA AROUND 10750 SPOT THROUGH A BIG GAP UP & THEN FOLLOWING IT UP TO RISE TILL 10883 TO CLOSE NEAR 10875 SPOT IS A HIGHLY BULLISH INDICATION CLEARLY SUGGESTING THE LONGS INITIATED ON THURSDAY ABOVE THE 200 DMA BE HELD WITH STOP LOSS BELOW THIS 200 DMA AROUND 10750 SPOT BUT ON A DAILY CANDLE CLOSING BASIS. HOWEVER HEDGING OF ALL LONG FUTURES ARE DONE BY WRITING EQUAL NUMBER OF 11000 CALLS NEAR 140 AND BUYING SOME PUTS OF 10700 NEAR 130.

AFTER TWO MONTHS OF BIG FALLS IN SEPTEMBER & OCTOBER, THE RISE IN NOVEMBER MAY BE CALLED AS A RETRACEMENT RISE AS LONG AS IT DOES NOT BREACH AND CLOSE ABOVE THE HIGHS OF OCTOBER MONTH AT 11035 SPOT. A FAILURE TO DO SO EITHER IN NOVEMBER OR DECEMBER WILL CERTAINLY SEE THE RESUMPTION OF THE SLIDE.

ON THE EXPIRY DAY OF 30TH NOVEMBER, NIFTY HAS ALMOST RETRACED TILL 50% FROM LIFE TIME HIGHS OF 11760 SPOT TILL OCTOBER LOWS OF 10004 SPOT. ALSO ON THIS EXPIRY DAY NIFTY SPOT TOUCHED THE CRITICAL 34 WEEK MOVING AVERAGE ABOVE WHICH IS THE 20 WEEKLY MOVING AVERAGE AROUND 10970 SPOT WHICH NIFTY CAN TEST. TILL SUCH TIME THESE CRITICAL WEEKLY LEVELS ARE BREACHED AND NIFTY CLOSES ABOVE THESE, ALL RISES ARE OF RETRACEMENT NATURE AND WILL ULTIMATELY SEE NIFTY FALLING FOR NEW LOWS BELOW OCTOBER LOWS OF 10000 SPOT.

SO FAR THE WEEKLY CANDLE LOOKS STRONG AND HINTS AT FURTHER RISE ALTHOUGH THE DAILY INDICATORS LOOKS OVERBOUGHT. A FALL TO CLOSE BELOW THE 200 DMA AROUND 10750 SPOT WILL CONFIRM RESUMPTION OF THE BEAR MARKET INDICATED BY THE DEADLY MONTHLY RED CANDLES OF SEPTEMBER AND OCTOBER. SO, SAFE TRADE IS HOLD THE LONG FUTURES INITIATED ABOVE 200 DMA WITH STOP LOSS BELOW THE 200 DMA ON A CLOSING BASIS AND AS NIFTY RISES OR PAUSES  BOLDLY SHORT HIGHER CALLS OF 11000 AND ALSO ADD PUTS OF 10700. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 29 NOV EXPIRY DAY, SO NO FRESH TRADE IS BEST TRADE. EVEN IF THE INVERTED HEAD & SOLDER FORMED ON TUESDAY 27TH NOV IN THE LOWER TIME FRAME CHARTS OF HOURLY & 30 MINUTES WITH LOWS OF 10490 SPOT & SOLDERS NECK LINE AROUND 10640 HAS A TARGET TOWARDS 10790 SPOT A RISE OF NEARLY 150 POINTS FROM THE NECK LINE, BEING EXPIRY DAY, NIFTY WILL NOT BE ALLOWED BY MANIPULATORS TO MOVE UP TO THAT LEVEL & THE RISE MAY COME ON FRIDAY OR LATER.

ON WEDNESDAY NIFTY  TOUCHED THE CRITICAL 200 DMA FOR THE SECOND TIME IN 4 DAYS AND FELL FROM THERE. SO ON THE EXPIRY DAY EXPECT SAME TO HAPPEN . IN CASE NIFTY FAILS TO RISE AND STAY ABOVE 10770 SPOT & 10755 FUTURES THEN ANOTHER WAVE OF SHORTING WILL BE SEEN. SO, APPROACH TOWARDS 107770 SPOT & 10755 FUTURES CAN BE SHORTED WITH STOP LOSS OF 15 TO 20  POINTS ABOVE THESE LEVELS. BETTER TO TRADE LESS BEING EXPIRY DAY AND CONFINE TO 10700 CALLS INSTEAD OF FUTURES BUY TRADES AND 10700 PUTS FOR SELL TRADES .

MARKETS FOR 28 NOV THE RETRACEMENT RISE CONTINUES AND WEDNESDAY MAY SEE THE TERMINATION OF THE RETRACEMENT RISE. AT THE BEST NIFTY MAY BE LIFTED UP TO RETEST THE 200 DMA BEFORE THE MEGA FALL RESUMES IN DECEMBER. FOR WEDNESDAY, NIFTY MAY  TRADE SIMILAR TO BOTH TUESDAY & MONDAY WHICH IS EITHER RISE OR FALL  INITIALLY TO BE FOLLOWED BY BIG MOVE IN THE OPPOSITE DIRECTION.

NIFTY FUTURES FALLING BELOW 10650 & STAYING BELOW IT CAN BRING THE BEARS BACK TO SHORT NIFTY AND A FOLLOW UP RISE FROM TUESDAYS LEVELS OF 10695 TO MOVE UP AND BREACH 10730 CAN SEE MUCH HIGHER LEVELS DUE TO SHORT COVERING. A FAILURE TO RISE AND MORE IMPORTANTLY STAY ABOVE 10730 FUTURES CAN SEE HEAVY SHORTING INTEREST COMING IN.

WITH EXPIRY DAY ON THURSDAY, IT IS WISER TO TRADE VERY LESS AS IT IS DURING THESE DAYS MAXIMUM OF MANIPULATIONS TAKE PLACE AND INNOCENT TRADERS GENERALLY LOSE LOT OF MONEY DURING THESE LAST DAYS OF EXPIRY. USE RISES TO TRADE SHORT ON DECEMBER FUTURES AND WRITE DECEMBER HIGHER CALLS.

MARKETS FOR 27 NOV NIFTY MADE A HIGHER HIGH AND HIGHER CLOSING BUT A LOWER LOW ON MONDAY. IT MAY INCH UP A BIT MORE TO RETRACE FIBO 61.8% FROM  19TH NOV HIGHS OF 10775 SPOT TILL 26TH NOV LOWS OF 10489 THAT COMES AROUND 10666 SPOT & 10670 FUTURES. A RISE TOWARDS THESE LEVELS IF AT ALL COMES CAN BE USED TO TRADE SHORT IN DECEMBER MONTH FUTURES FOR VERY GOOD GAINS.

EXPECT INITIAL RISE IF AT ALL SOME DECLINE COMES AND AS NIFTY MOVES TOWARDS 10666 TO 10677 TRADE SHORT BY HAVING STOP LOSS ABOVE 10700 TO REVERSE AND GO LONG ABOVE 10700 SPOT & FUTURES. ALTHOUGH THESE LEVELS ARE SPOT LEVELS OR NOV FUTURE LEVELS, WHENEVER SHORTING IS DONE IT SHOULD BE ON DECEMBER FUTURES.

OPTION TRADERS HOLDING SHORTED NOV CALLS OF 10800, 10700 AND 10600 MAY CONTINUE TO HOLD TILL EXPIRY. INTRADAY TRADERS CAN BUY 10500 CALLS IN CASE NIFTY FUTURES BREACHES AND STAYS ABOVE 10700 AND A SLIDE BELOW 10600 TO 10590 FUTURES CAN BE AN INDICATION TO BUY 10600 PUTS. EXPECT MUCH BIGGER FALLS IN DECEMBER  OR JUST AFTER NOV EXPIRY. DO NOT BOTHER FOR DOW OR ITS FUTURES AS IT IS HIGHLY MANIPULATED TO INFLUENCE REST OF THE WORLD MARKETS. DOW WILL BE TAKEN UP FOR NEXT TWO DAYS TO RETRACE A PORTION OF LAST 4 CONSECUTIVE DAYS OF FALLS AND  TO TRAP REST OF THE WORLD MARKETS.

MARKETS FOR 26 NOV NIFTY HAVING FALLEN FOR 3 CONSECUTIVE DAYS MAY BE LIFTED UP A BIT ONLY TO BE SHORTED OUT OF SHAPE AGAIN. SO USE INTRADAY RISES TO BOLDLY SHORT  BY HAVING STOP LOSS ABOVE 10660 SPOT & FUTURES ON A CLOSING BASIS.

ON ANY DAY A SLIDE TO BREACH AND STAY BELOW 10440 SPOT & BELOW 10460 FUTURES CAN SEE BIGGER FALLS , SO USE INTRADAY RISES TOWARDS OR ABOVE 10600 FUTURES OR ANY INTRADAY RISE TO SHORT NEXT MONTH FUTURES TO SEE OCTOBER MONTH LOWS OF 10004 SPOT & 10050 FUTURES BEING RETESTED & BREACHED DURING DECEMBER.

UPDATING WILL RESUME FROM 27TH NOV

MARKETS FOR 16 NOV  HAVE SUFFICIENT CAPITAL & ENERGY TO BOLDLY TRADE SHORT IN CASE NIFTY FAILS TO BREACH AND MORE IMPORTANTLY STAYS ABOVE 10655 SPOT & 10680 TO 10700 FUTURES TO CLOSE A  CANDLE ABOVE THESE LEVELS. NIFTY MAY BE TAKEN UP AGAIN TOWARDS RETESTING THE CRITICAL 10650 SPOT & 10680 FUTURES TO BE FOLLOWED BY HEAVY SHORTING OF FUTURES AND WRITING OF 10800 AND 10700 CALLS.

FOR INTRADAY TRADERS A SLIDE TO BREACH THURSDAY’S LOWS OF 10585 TO 10580 FUTURE ZONE TO STAY BELOW IT WILL SEE HEAVY SHORTING ACTION. SIMILARLY ON THE HIGHER SIDE EVEN IF NIFTY FUTURES BREACHES AND STAYS ABOVE 10670 THEN EXPECT GOOD SHORT COVERING RISE. LOOK FOR A REVERSAL CANDLE AFTER A RISE TO TRADE SHORT AND IN CASE NIFTY RISES TOWARDS  BOTH THURSDAY & WEDNESDAY’S HIGHS OF 10680 FUTURES THEN START SHORTING ACTION GRADUALLY TOWARDS 10700. LOWER CALL HOLDERS MUST SHORT HIGHER CALLS OF 10800 OR EVEN 10700 ON INTRADAY RISE OF NIFTY.

MARKETS FOR 15 NOV NIFTY ENTERS VULNERABLE ZONE ABOVE  WEDNESDAY’S HIGHS OF 10650 SPOT AND 10680 FUTURES. A RETEST OR BREACH OF THESE LEVELS TOWARDS 10675 SPOT AND 19700 FUTURES WILL ENCOUNTER HEAVY SHORTING IN CASE NIFTY DOES NOT SUSTAIN ABOVE THESE LEVELS. ON THE DOWN SIDE A BREACH AND STAY BELOW 10600 MAY WEAKEN NIFTY .

A RISE TO BREACH AND CLOSE AT LEAST A 30 MINUTE CANDLE ABOVE 10700 MAY TRIGGER MASSIVE SHORT COVERING THAT MAY PROPEL NIFTY TOWARDS THE 200 DMA AROUND 10760 TO 10770 SPOT & 10780 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 14 NOV THE SURPRISING UP MOVE ON TUESDAY BAFFLED ALL SHORTERS AND EVERY SHORTING ACTION MET THE FATE OF STOP LOSS TRIGGERING. RISING TILL DAY HIGH OF 10632 FUTURES TO CLOSE NEAR 10606 FUTURES FORCED ALL SHORTS TO BE COVERED BY END, HOLDING ONLY  THE BOUGHT LOWER CALLS, THE  SHORTED  HIGHER 800 AND 700 CALLS AND BUYING OF LIMITED LOWER PUTS.

FOR WEDNESDAY’S INTRADAY TRADING THE MARKETS WILL AGAIN BE GUIDED BY REST OF THE WORLD MARKETS, SPECIALLY ASIAN MARKETS, CRUDE & USD/INR VALUE. A FURTHER RISE BY NIFTY FUTURES TO BREACH AND STAY ABOVE 10650/10660 FUTURES WILL BRING CHEERS FOR THE  LONG HOLDERS FOR HIGHER LEVELS TOWARDS 10700 OR HIGHER FUTURE LEVELS.

A FAILURE TO RISE AND BUILT UP THE MOMENTUM FROM TUESDAY’S CLOSING LEVELS OF 10606 OR TUESDAY’S HIGHS OF 10632 FUTURES MAY SEE BEARS ENTERING THE MARKETS AGAIN. A SLIDE TO BREACH AND STAY BELOW 10560 TO 10550 FUTURES WILL SEE ANOTHER NOSE DIVE BY NIFTY ALTHOUGH THE CHANCES OF THIS HAPPENING TO NIFTY FUTURE THIS TIME ARE HIGHLY REMOTE.

MARKETS FOR 13 NOV NIFTY ALTHOUGH MADE A HIGHER HIGH AT 10645 SPOT & 10664 FUTURES BUT COULD NOT SUSTAIN AND FELL MISERABLY TO A DAY LOW OF 10464 SPOT AND 10490 FUTURES  TO CLOSE VERY NEAR THE DAY LOWS WHICH CERTAINLY LOOKS HIGHLY BEARISH TECHNICALLY.

THE RED CANDLE OF MONDAY HAS ENGULFED THE 4 NR CANDLES OF ITS 4 PREVIOUS DAYS WITH HEAVY VOLUME WHICH IS MUCH HIGHER THAN THE VOLUME OF EACH OF ITS 4 PREVIOUS DAYS. REJECTION OF THE CRITICAL 34 DAY EMA ON NUMBER OF OCCASIONS AND FINALLY FALLING FROM IT TO CLOSE RIGHT AT THE 21 DAY EMA MAY DELAY THE IMMEDIATE NOSE DIVE OF NIFTY TOWARDS THE 20 DMA AROUND  10375 SPOT & 10385 FUTURES BUT EVERY RISE OF NIFTY HENCE FORTH WILL BE BRUTALLY SHORTED  ALONG WITH ITS HIGHER CALLS OF 10700 AND 10800 WHICH ARE ENJOYING THE LUXURY OF HEAVY PREMIUMS. IMMEDIATE STOP LOSS CAN BE ABOVE 10600 ON A CLOSING BASIS. ACTUAL STOP LOSS SHOULD BE ABOVE MONDAYS HIGHS OF 10664 FUTURES AND IT CAN BE TRAILED DOWN WARDS WITH THE SLIDE OF NIFTY FUTURES

SWING SHORTS INITIATED BELOW FRIDAY’S LOWS OF 10571 FUTURES SHOULD BE HELD ALONG WITH THE EARLIER SHORTED HIGHER CALLS OF 10800 & 10700  TOGETHER WITH FRESHLY INITIATED 10500 PUTS. NIFTY  HAD MADE A DOUBLE HEAD AROUND 10616/10620 SPOT & 10 10648 & 10643 FUTURES. ON MONDAY NIFTY NOT ONLY BREACHED THE LOWS OF THESE TWO DOUBLE HEAD MAKING CANDLES BUT ALSO FELL FURTHER DOWN TO BREACH AND CLOSE BELOW THIS PAIR’S PREVIOUS  TWO DAYS LOWS OF 5TH AND 6TH NOV  GIVING FURTHER STRENGTH TO SWING SHORTERS WITH  A DISTANT STOP LOSS ABOVE MONDAY 12TH NOV HIGHS OF 10645 SPOT AND 10664 FUTURES.

FOR INTRADAY TRADING PURPOSE, AS LONG AS NIFTY FUTURES DOES NOT RISE TO BREACH AND CLOSE AT LEAST A 30 MINUTE CANDLE ABOVE 10606  FUTURES, EVERY INTRADAY RISE OF ANY AMOUNT IS A SHORTING OPPORTUNITY WITH SHORTS INCREASING AS NIFTY FUTURES MOVES TOWARDS 10575 THEN 10600. DON’T BE SURPRISE TO FIND DOW WHICH AFTER 5 MINUTES OF OPEN IS 100 POINTS NEGATIVE WILL BE  PULLED UPWARDS AFTER THE CLOSURE OF EUROPEAN MARKETS  AND DOW FUTURES ON TUESDAY MORNING  KEPT UP MUCH HIGHER TO LIFT UP SOME ASIAN MARKETS TO GENERATE FEAR IN THE MINDS OF SHORTERS, BUT NOT TO WORRY & SHORT THE RISE WITH STOP LOSS ON A CANDLE CLOSING  BASIS ABOVE 10606 FUTURES.

MARKETS FOR 12 NOV   NIFTY TRIED ITS BEST DURING THE TRUNCATED DIWALI WEEK TO MOVE UP AND TEST THE CRITICAL 17TH OCT HIGH OF 10710 SPOT & 10744 FUTURES BUT FAILED MISERABLY IN ITS EVERY ATTEMPT AND SUCCEEDED ONLY IN MAKING A FLAT FORMATION. ALTHOUGH A FLAT FORMATION AFTER A FEW DAYS OF RISE IS A BULLISH INDICATION, YET THE REST OF THE WORLD MARKETS MAY NOT ALLOW INDIAN MARKETS TO RISE. HENCE WE ALWAYS ADVISE TO HEDGE THE LONG FUTURE POSITIONS BY SHORTING HIGHER CALLS OF 10700 OR 10800 OR BUY LOWER PUTS OF 10500 TO AVOID THE JOLT ON MONDAY MORNING.

TECHNICALLY THE WEEKLY CHARTS STILL PROMISE THE BULLS OF SOME MORE UPSIDE BASED ON THE MONSTER GREEN WEEKLY CANDLE OF WEEKENDING  2ND NOV. HOWEVER THE DAILY CHARTS LOOK EXHAUSTED HAVING FAILED TO CLOSE ABOVE THE CRITICAL 34 DAY EMA FOR LAST 5 TRADING DAYS BETWEEN 2ND  NOV & 9TH NOV. ABOVE THE 34 DAY EMA REMAINS THE 55 DAY EMA AROUND 17TH OCTOBER HIGHS OF 10710 SPOT & 10744 FUTURES FOLLOWED BY THE DREAM LEVEL OF BULLS AROUND THE 200 DMA NEAR 10770 SPOT..

BULLS MUST TRY THEIR BEST STUNTS AT HOODWINKING THE BEARISH INDICATIONS OF REST OF THE WORLD MARKETS & MOVE UP TO FIRSTLY CLOSE ABOVE THE CRITICAL 34 DAY EMS AROUND  10620 SPOT & 10666 FUTURES FOLLOWED BY A FURTHER SPURT TO BREACH AND CLOSE ABOVE THE 55 DAY EMA AROUND 17TH OCTOBER SWING HIGHS OF 10710 SPOT & 10744 FUTURES. IN CASE THE BULLS FAIL AT DOING THIS, THEN  ONE SHOULD NOT BE SURPRISED TO SEE NIFTY FALLING FASTER AND FASTER TO TEST OCTOBER MONTH LOWS OF 10004 SPOT & 10030 FUTURES IN REMAINING DAYS OF NOVEMBER OR DURING THE EARLY PART OF DECEMBER AROUND THE 5 STATE ELECTION RESULTS ON 11TH DECEMBER.

ANY DAY A SLIDE TO BREACH AND CLOSE BELOW 2ND NOV LOWS OF 10457 SPOT & 10478 FUTURES WILL CONFIRM THE END TO THE RETRACEMENT RISE, TO BE FOLLOWED BY A NOSE DIVE TOWARDS OCTOBER MONTH LOWS OF 10004 SPOT & 10030 FUTURES. ANY DAY A RISE BY NIFTY TO BREACH AND CLOSE FAR ABOVE DIWALI NIGHT  HIGHS OF 10616 SPOT & 10648 FUTURES WILL CERTAINLY SEE BULLS SMOOTHLY SAILING PAST THE CRITICAL 17TH OCTOBER HIGHS OF 10710 SPOT & 10744 FUTURES TOWARDS MUCH HIGHER LEVELS AT LEAST TO FULFILL THE BULLS’ DREAM LEVEL OF 200 DMA AROUND 10770 SPOT. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 09 NOV HAVING BOOKED PROFIT ON ALL POSITIONS AROUND 10600 NIFTY, TRADERS MUST WAIT FOR SUITABLE OPPORTUNITIES TO ENTER THE MARKETS  FOR FRESH SWING TRADES. THE WEEKLY CANDLE OF LAST WEEK ENDING 2ND NOVEMBER IS A CLEAR INDICATION OF ANOTHER WEEK OF RISE IN MARKETS AND IN CASE NIFTY SPOT RISES TO BREACH AND MORE IMPORTANTLY STAY ABOVE 17TH OCTOBER GAP UP OPEN HIGHS OF 10710 SPOT & 10745 FUTURES THEN THE RETRACEMENT RISE MAY GATHER FURTHER MOMENTUM FOR SOME MORE DAYS OF RISE BEFORE RESUMING THE MEGA FALL TO BE IN LINE WITH THE MONSTER RED MONTHLY CANDLES OF SEPTEMBER & OCTOBER MONTH.

KEEPING IN MIND THE MONTHLY, WEEKLY AND DAILY CANDLES OF NIFTY, ONE MUST TRADE LONG ON DECLINES  AS LONG AS NIFTY STAYS ABOVE 2ND NOVEMBER LOWS OF 10455 SPOT AND 10477 FUTURES. ONLY A SLIDE TO BREACH AND MORE IMPORTANTLY CLOSE BELOW 10455 SPOT & 10477 FUTURES CAN DICTATE TRADERS TO CHANGE FROM BUY ON DECLINES TO SELL ON RISE. HOWEVER INTRADAY TRADERS SHOULD EMPLOY DIFFERENT TACTICS TO TAKE FULL ADVANTAGE OF INTRADAY SWINGS TO TRADE BOTH LONG & SHORT FOR INTRADAY GAINS.

AFTER THE RISE OF 2ND NOVEMBER, THE VOLUME OF RISE ON NEXT THREE DAYS HAS BEEN ALMOST HALF THE VOLUME OF 2ND NOVEMBER RISE, THAT MAY INVITE HEAVY PROFIT BOOKING ON LONGS ON EVERY RISE ALTHOUGH NIFTY WILL BE KEPT UP OVERALL AS LONG AS IT IS NOT REJECTED BY THE 50 WEEK MOVING AVERAGE AROUND 17TH OCTOBER HIGHS OF 10710  SPOT & 10745 FUTURES. SO, TRADERS HOLDING LONGS OR INITIATING FRESH LONGS MUST HEDGE BY SHORTING HIGHER CALLS OF 10700 & 10800 OR BUY LOWER PUTS OF 10500 ON RISE OF NIFTY TO SUPPORT THEIR LONGS IN FUTURES AND BOUGHT LOWER CALLS.

WISHING A VERY HAPPY & PROSPEROUS DIWALI  TO ALL SUBSCRIBERS & READERS

MARKETS FOR 06 NOV WITH NIFTY TAKING A PAUSE ON MONDAY AFTER THE MONSTER BULLISH WEEK ENDING 2ND NOVEMBER, IT IS WISER TO BOOK PROFIT ON ALL LONG FUTURES ON TUESDAY 6TH NOVEMBER TO GO WITH HANDSOME PROFITS AND START FRESH AFTER DIWALI.

THE RESUMPTION OF THE PAPER WAR BETWEEN GOVT & RBI DOES NOT LOOK HEALTHY FOR STOCK MARKETS AND THIS MAY TAKE AN UGLY TURN. SO, BETTER TO BOOK WHATEVER POSSIBLE PROFIT ON ALL THE LONGS AND SIT ON CASH TO RESUME LONG OR SHORT TRADES AFTER DIWALI.

MARKETS FOR 05 NOV  NIFTY CONTINUES WITH HIGHER HIGHS & HIGHER LOWS AND WILL CONTINUE THIS WAY TILL SUCH TIME IT DOES NOT FALL TO BREACH AND MORE IMPORTANTLY CLOSE THE DAY BELOW ITS TWO PREVIOUS DAY’S LOWS. TILL THIS HAPPENS HOLD ALL LONG FUTURES & BOUGHT LOWER CALLS HEDGING CAN BE DONE BY WRITING HIGHER CALLS OF 10700 OR BUYING LOWER PUTS OF 10300

IF ONE HAS A CLOSER LOOK AT THE DAILY CHART OF NIFTY, ONE WILL NOTICE THAT IT IS IN THE PROCESS OF FORMING A 3,3,5 FLAT WITH THE LOWS OF 11TH OCT AND 26TH OCTOBER AS BASE AND HIGHS OF 17TH OCTOBER AND 2ND NOVEMBER AS TOP. ON FRIDAY 2ND NOVEMBER NIFTY WENT UP TO TEST THE CRITICAL 34 DAY EMA NEAR DAY HIGHS OF 10606 SPOT AND FELL FROM THERE. A FURTHER RISE TO CLOSE ABOVE THIS CRITICAL 34 DAY EMA AROUND 10606 SPOT & 10632 FUTURES CAN SEE SOME MORE DAYS OF RISE BRINGING FURTHER GAINS TO THE LONG POSITION HOLDERS.

A FALL TO BREACH AND CLOSE BELOW 1ST  NOVEMBER RED CANDLE LOWS OF 10340 SPOT AND  10345 FUTURES IS THE SIGNAL TO QUIT ALL LONGS, BOUGHT CALLS & TRADE SHORT. TILL THIS HAPPENS  RIDE THE RETRACEMENT BOUNCE BY SHIFTING THE STOP LOSSES JUST BELOW THE PREVIOUS DAYS LOWS ON A CLOSING BASIS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 02 NOV NIFTY  MADE A HIGHER HIGH & MUCH HIGHER LOW . ALTHOUGH NIFTY SPOT CLOSED FLAT, NIFTY FUTURES CLOSED POSITIVE ABOVE 10400 LEVELS ALTHOUGH WITH FUTURE VOLUMES LOWEST IN LAST 6 TRADING DAYS. HOLD ON TO THE LONG FUTURES , BOUGHT LOWER CALLS BUT USE RISES TO QUIETLY SORT HIGHER CALLS OF 10600 & 10700. MAKE FULL USE OF TRUMP’S RHETORICS TO BUY & BE SURE AFTER EVERY BIG FALL IN US MARKETS TRUMP WILL FLOAT A TWITTER ON CHINA THAT THINGS ARE IMPROVING WITH CHINA  TO LIFT THE MARKETS.

LOW MARGIN TRADERS WHO CAN NOT SHORT CALLS CAN CONTINUE TO HOLD THE LOWER CALLS OF 10200 & 10300 BUT USE THE GAP UP OR RISES TOWARDS OR ABOVE PREVIOUS DAYS HIGHS TO SLOWLY ADD PUTS OF 10100. TILL SUCH TIME NIFTY DOES NOT FALL TO CLOSE A DAY MUCH BELOW THE LOWS OF ITS PREVIOUS DAY, THESE FUTURES AND LOWER CALLS BE HELD. NIFTY MAY BE TAKEN UP TILL DIWALI EVENING MUHURAT TRADE AFTER WHICH THE BEAR MARKET MAY RESUME. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 01 NOV NIFTY BREACHED THE CRITICAL 10180 AND FELL TILL 10105 OFFERING HANDSOME GAINS TO INTRADAY SHORTERS WHO QUITTED EARLIER LONGS AND INITIATED SHORTS BELOW 10180. NIFTY BOUNCED LIKE A ROCKET ABOVE 10200 OFFERING TRADERS TO RE ENTER LONGS THAT IS GOING TO GIVE HANDSOME GAINS  DURING NEXT FEW DAYS.

HOLD ALL LONGS, BOUGHT LOWER CALLS. USE RISES ON THURSDAY TO CONFIDENTLY WRITE 10600 AND 10700 CALLS AS THESE WRITTEN CALLS WILL BE LIKE GOLD DUST DURING NOVEMBER NOT ONLY BY OFFERING HANDSOME GAINS ON THE ENTIRE PREMIUMS BUT ALSO WILL PROVIDE CUSHION TO THE BOUGHT FUTURES FROM 10200 LEVELS AND SUPPORT THE BOUGHT LOWER CALLS OF 10300 AND 10400. SO, REMAIN LONG IN FUTURES AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW PREVIOUS DAY’S LOWS AND RIDE THE RETRACEMENT RISE AS LONG AS IT TAKES YOU.

AS WAS MENTIONED LAST WEEK, JUST FORGET THAT MARKETS ARE IN A MEGA BEAR PHASE AND THIS IS JUST A RETRACEMENT RISE. BUY DECLINES AS LONG AS NIFTY DOES NOT FALL AND MORE IMPORTANTLY CLOSE BELOW PREVIOUS DAYS LOWS. TRADERS WITH A BEARISH MIND HOLD YOUR HORSES FOR SOME MORE DAYS TO INITIATE SHORTS BUT CAN INITIATE PUT BUYING AFTER THE RISE OF THURSDAY OR FRIDAY AS NOVEMBER MONTH HAS TO FALL TOWARDS THE OCTOBER MONTH LOWS , RETEST IT  & EVEN BREACH IT.

RESUMPTION OF THE SLIDE  WHICH OF COURSE HAS TO HAPPEN AFTER SOME DECEPTIVE RETRACEMENT RISE IN NOVEMBER TO MAKE MANY DREAM ABOUT THE 200 DMA, THINK THAT BULL PHASE HAS RESUMED ETC ETC. HOWEVER FOR THE TIME BEING REMAIN LONG, ADD LOWER CALLS , AND GRADUALLY ADD PUTS ON BIG RISE DAYS BUT MOST IMPORTANT IS USE RISES TO SHORT 10600 AND 10700 CALLS BY HOLDING ON TO LONG FUTURES & LOWER CALLS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 31ST OCT NIFTY MADE A HIGHER HIGH & A HIGHER LOW BUT CLOSED MILDLY NEGATIVE THAT HAS KEPT THE HOPES OF BULLS ALIVE FOR SOME MORE RISE TO AT LEAST CLOSE THE MONTH OF OCTOBER ON A FACE SAVING NOTE. AS LONG AS NIFTY DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW THE CRITICAL LEVEL OF 10150 SPOT & 10180 FUTURES, ONE SHOULD NOT THINK OF SHORTING THE MARKETS. HOWEVER HARD CORE BEARS CAN CONTINUE TO MERCILESSLY SHORT HIGHER CALLS OF 10600 AND 10500 ON EVERY RISE OF NIFTY FUTURES TOWARDS OR ABOVE 10300 FUTURES TO POCKET THE HEFTY PREMIUM ON THESE HIGHER CALLS.

A FALL BELOW 10180 FUTURES TO STAY BELOW IT SHOULD BE THE FREE TICKET TO QUIT ALL LONGS AND BOUGHT CALLS CARRIED FROM FRIDAY AND START ENTERING SHORTING MODE FOR MUCH LOWER LEVELS . FROM  FRIDAY’S LOWS OF 10030 FUTURES TILL TUESDAY’S HIGHS OF 10315 FUTURES, NIFTY HAS MOVED UP BY 285 POINTS AND THE SLIDE ON TUESDAY TILL 10195 FUTURES  HAS RETRACED SLIGHTLY BELOW THE BARE MINIMUM 38.2% WHICH COMES TILL 10206. 50% RETRACEMENT CAN BRING DOWN NIFTY TILL 10172 FUTURES AND THE MOST LIKELY 61.8% RETRACEMENT CAN PULL NIFTY FUTURES TILL 10138 FUTURES.

WITH MONSTER RED MONTHLY CANDLE OF SEPTEMBER & OCTOBER, THE MONTHLY CANDLE OF NOVEMBER WILL BE MORE DEVASTATING. SO USE RISES TO BOLDLY WRITE HIGHER CALLS FOR VERY GOOD GAINS IN NOVEMBER. EVEN IF THERE WILL BE SOME RETRACEMENT RISES IN NOVEMBER ALSO, NIFTY HAS TO FALL AND BREACH OCTOBER LOWS OF 10004 SPOT & 10030 FUTURES IN NOVEMBER FOR MUCH LOWER LEVELS.   (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 30THOCT LONG POSITIONS INITIATED TO RIDE THE LIKELY RETRACEMENT RISE AS WAS EXACTLY PREDICTED  FOR THIS WEEK, BE BOLDLY HELD AND WITH THE BOUGHT FUTURES AND LOWER CALLS ON FRIDAY, THE GAP UP OPENING ON TUESDAY BE USED TO BOLDLY WRITE 10500 AND 10600 CALLS TO POCKET THE HEFTY PREMIUMS ON THESE HIGHER CALLS BY HOLDING ON TO THE LONG FUTURES AND LOWER CALLS.

HAVE STOP LOSS BELOW 10180 FUTURES BUT ON A 30 MINUTE CANDLE CLOSING BASIS AND HOLD ALL LONG FUTURES AND BOUGHT CALLS AND FORGET FOR THE TIME BEING THAT NIFTY IS IN A BEAR MARKET AND RIDE THE RISE BY TRAILING THE STOP LOSSES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 29THOCT IN ORDER TO MAKE THE OCTOBER MONTH MONSTROUS RED MONTHLY CANDLE LESS DANGEROUS THAN THE MONSTER RED MONTHLY CANDLE OF SEPTEMBER CANDLE, NIFTY MAY BE TAKEN UP AT LEAST FOR TWO DAYS DURING THE COMING WEEK & THE RETRACEMENT RISE MAY COME ON MONDAY AND TUESDAY. THE SAVAGE FALL DURING LAST TWO WEEKS MAY SEE SOME RETRACEMENT RISE DURING THE COMING WEEK BEFORE THE MEGA BEAR MARKET RESUMES ITS DEVASTATING FALL DURING THE LATER PART OF NOVEMBER MONTH BEFORE THE 5 STATE ELECTION RESULTS DUE ON 11TH DECEMBER IN WHICH BJP MAY NOT PERFORM THAT WELL.

IF ONE HAS A CLOSER LOOK AT THE MONTHLY CHARTS OF NIFTY SPOT, ONE CAN CLEARLY NOTICE THE DEADLY  INSIDE CANDLE SETUP FORMED BY MONTHLY RED CANDLES OF  MAY & JUNE 2018. THE MAY MONTH MOTHER CANDLE OF THIS DEADLY MONTHLY INSIDE CANDLE SETUP HAD A LOW OF 10417 SPOT. DURING THE CURRENT MONTH OF OCTOBER, NIFTY HAS ALREADY BREACHED THIS LOW OF 10417 TO MAKE A FRESH LOW OF 10004 ON FRIDAY 26TH OCTOBER. SO, EXPECT ALL OUT EFFORTS TO BE MADE BY THE BULLS WHERE EVER THEY ARE TO LIFT NIFTY TO CLOSE THE MONTH OF OCTOBER ABOVE THE MAY MONTH CANDLE LOW OF 10417 SPOT, TO TEMPORARILY NULLIFY THE DEADLY MONTHLY  INSIDE CANDLE SET UP AND GIVE A FALSE SENSE OF DOUBLE BOTTOM WITH MARCH 23RD LOW OF 9951 & 26TH OCTOBER LOWS OF 10004 SPOT . SO, EXPECT SOME RISE DURING THE REMAINING 3 TRADING DAYS OF THIS WEEK BEFORE NOVEMBER MONTH STARTS.

SO, BEARS WHO BOOKED PROFIT NEARER TO LOGICAL LOW OF 10000 SPOT OR 10050 FUTURES, MAY HAVE SOME REST TO COUNT THEIR GAINS  SO AS TO RE EMPLOY THE CAPITAL FOR MEGA SHORTS WHEN THE LIKELY RETRACEMENT RISE  START TO LOOK EXHAUSTED. HOWEVER INTRADAY TRADERS MUST USE THE FLIRTING OPPORTUNITY OF TRADING BOTH WAYS TO TAKE FULL ADVANTAGE OF HIGHLY VOLATILE UP & DOWN INTRADAY MOVEMENTS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 26THOCT  EXPIRY DAY LOW MADE AROUND 10080 SPOT OFFERED GOLDEN OPPORTUNITY FOR OPTION TRADERS TO INITIATE FRESH POSITIONS FOR NOVEMBER SERIES BY TAKING LONGS IN FUTURES AND ALSO  SHORT 10500 NOVEMBER CALLS WHICH TRADED NEAR 100. BEARISH MINDED TRADERS ALSO BOUGHT  HIGHER PUTS OF 10300  NEAR 280 AND EQUALLY SHORTED AS LOW AS 9800 PUTS NEAR 110. LET NIFTY GO ANY WHERE THE OPTION WRITERS WILL POCKET THE ENTIRE PREMIUM ON THESE SHORTED 10500 CALLS AND ALSO ON THE SHORTED 9800 PUTS.

 IF NIFTY GOES UP WHICH IT WILL BE BE MADE TO, BEFORE THE NEXT MEGA FALL NEXT WEEK, THEN THE BOUGHT FUTURES  OR BOUGHT LOWER CALLS ALONG WITH THE SHORTED PUTS OFFER HIM GREAT GAINS AND IF NIFTY FALLS WHICH IT HAS TO VERY SHORTLY THEN THE SHORTED 10500 CALLS & THE BOUGHT HIGHER PUTS OF 10300 OFFER HIM GREAT GAINS. THE HEAVY PREMIUMS ON 10500 CALLS AND 9800 PUTS OFFER GREAT BONANZA FOR  OPTION WRITERS TO MINT MONEY. DO NOT MISS THIS OPPORTUNITY OF WRITING 10500 CALLS AND 9800 PUTS BUY HOLDING ON TO LOWER CALLS & HIGHER PUTS.

AFTER A BIG FALL OF 600+ POINTS  ON WEDNESDAY, DOW  CERTAINLY WILL BE LIFTED  UP ON THURSDAY & MAY BE ON FRIDAY ALSO BEFORE THE MEGA FALL RESUMES EARLY NEXT WEEK. SO,  USE THESE HALF HEARTED WELL COORDINATED RISES IN INDIAN MARKETS INFLUENCED BY EXTERNAL MARKETS WHICH ARE NOTHING BUT RETRACEMENT RISES TO THE COMING MEGA FALLS, TO TAKE FRESH SHORT POSITIONS DURING NEXT WEEK AFTER OBSERVING THE MARKETS ON FRIDAY, CAN EVEN GO MILDLY LONG WITH STRICT STOP LOSSES.

FOR INTRADAY TRADING ON FRIDAY NIFTY WILL OPEN GAP UP INFLUENCED BY SGX NIFTY, SOME MISERABLY BEATEN ASIAN MARKETS AND OF COURSE POSITIVE DOW & ITS FUTURES. NOW, WHEN NIFTY RISES, THE HIGHER CALLS OF 10500 WILL RISE AND WILL OFFER GREAT OPPORTUNITY TO OPTION WRITERS TO SHORT THESE 10500 CALLS. NIFTY SPOT RISING ABOVE 10175 TO 10185 ZONE AND MORE IMPORTANTLY CLOSING A 30 MINUTE CANDLE ABOVE 10170/10180 SPOT CAN TRIGGER A SHORT COVERING RISE. THE DOUBLE BEARISH ENGULFING OF 17TH AND 22ND OCTOBER WILL THROW THEIR WEIGHT FOR MUCH LOWER LEVELS NEXT WEEK.

THE LOW OF WEEKENDING 12TH OCTOBER WAS AROUND 10138 SPOT. ON THE EXPIRY DAY 25TH OCTOBER NIFTY BREACHED IT TO REACH TILL 10080 SPOT. BE SURE NIFTY WILL BE MADE TO CLOSE THE WEEK ABOVE THIS EARLIER WEEKLY LOW OF 10138 SPOT FOR A MEGA FALL NEXT WEEK. SO, BEARS SHOULD PRESERVE  ENERGY TO BRUTALLY SHORT AGAIN NEXT WEEK AFTER SOME EXTERNALLY INFLUENCED RISE GET EXHAUSTED. HOWEVER DO NOT HESITATE TO WRITE HIGHER CALLS OF 10500 ON RISE OF NIFTY AND WAIT FOR RISE TO PEAK OUT & EFORE GETTING  EXHAUSTED TO BUY 10400/10300/10200 PUTS & THEN WAIT FOR FALLS NEXT WEEK TOWARDS RETEST OF THIS WEEK’S LOWS TO WRITE  LOWER PUTS OF 9800.

THE RETRACEMENT RISES IF AT ALL COMES WILL AGAIN INFLUENCE FINANCIAL NEWS CHANNELS TO DREAM OF 200 DMA WHICH THEY DID DURING THE MILD RISE OF LAST WEEK. NIFTY HAS NOT ONLY DECISIVELY BREACHED THE 200 DMA AROUND 10780 TO 10800 SPOT BUT HAS ALSO BREACHED THE 300 DMA AROUND 10560 & THE 400 DMA AROUND 10300 SPOT WHICH  WILL ACT AS  FORMIDABLE RESISTANCES AS NIFTY APPROACHES THESE CRITICAL DMAS. 50 WEEKLY MOVING AVERAGE AROUND 10710 WHICH WAS THE HIGH OF WEEKENDING 19TH OCTOBER WILL BE A MORAL BOOSTER FOR HARD CORE BEARS, WHERE AS THE SPRING BOARD DIVER 5 WEEK MOVING AVERAGE AROUND THIS WEEK’S HIGHS OF 10400 SPOT WILL ATTRACT HARASSED BULLS TO TRY FOR IT BEFORE THE MEGA FALL RESUMES.

BELIEVE IT OR NOT, OUR MARKETS ARE HIGHLY BEARISH & ARE  OFFERING GREAT OPPORTUNITIES ON RETRACEMENT RISES TO GO MEGA SHORT AS THIS MONTHS LOWS OF 10080 SPOT HAS TO BE RETESTED & BREACHED DURING THE MONTH OF NOVEMBER IF IT MISSES  TO DO SO DURING THE COMING WEEK. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 25THOCT  EXPIRY DAY, SO NO FRESH TRADE IS THE BEST TRADE FOR THE DAY. HOWEVER IF ONE WANTS TO TRADE THEN TRADE LIKE WEDNESDAY. LOOK FOR DECLINES LIKE WEDNESDAY TOWARDS 10150 OR LOWER LEVELS  TO BUY 10100 CALLS AND A RISE TOWARDS 10250 OR ABOVE TO BUY 10200 PUTS FOR EXPIRY DAY INTRADAY TRADING.

MARKETS FOR 24TH  OCT NIFTY FUTURES TESTED SUB 10100 LEVELS BY FALLING TILL 10092 FUTURES THAT OFFERED GREAT OPPORTUNITY FOR MOST OF THE SWING SHORTERS FROM 10600 OR HIGHER LEVELS TO BOOK HANDSOME PROFITS END ENJOY THE FUN OF EXPIRY TWO DAYS OF WEDNESDAY AND THURSDAY.

NIFTY SHOULD RETEST  TUESDAY’S LOWS ON WEDNESDAY, WHETHER IT FALLS TO TEST OR DOES NOT IT MAKES NO DIFFERENCE  AS THE IMPORTANT POINT HERE IS BE AN OBSERVER OF NIFTY FOR THESE TWO DAYS AND PLAN YOUR PLOT FOR THE NOVEMBER SERIES. USE RISES IN NIFTY TO INITIATE FRESH SHORTS IN NOVEMBER SERIES, WRITE NOVEMBER HIGHER CALLS OF 10400 OR HIGHER TO POCKET THE PREMIUM OF THE NOVEMBER FUTURES AND CALLS.

BETTER NOT TO TRADE ON WEDNESDAY & THURSDAY ON OCTOBER FUTURES  AND IF ONE WANTS TO TRADE LESS THEN USE  INTRADAY RISES TO TRADE 10200 PUTS AND FALLS TO TRADE 10000 CALLS. TECHNICALLY NIFTY SHOULD RETEST OR EVEN BREACH TUESDAY’S LOWS OF 10102 SPOT OR 10092 OCTOBER  FUTURES OR 10144 NOVEMBER FUTURES & IN THE WORST CASE THE EXPIRY SHOULD BE NOT LOWER THAN 10000 SPOT.

GENUINE SWING TRADERS SHOULD HAVE A LOOK AT THE WEEKLY P & F CHARTS OF NIFTY AND DECIDE FOR THEMSELVES AS TO WHERE NIFTY IS HEADING WHETHER TOWARDS 8 K OR LOWER BY END THIS YEAR. SHORT TERM TRADERS MAY HAVE A CLOSER LOOK AT THE DOUBLE BEARISH ENGULFING CANDLES OF 17TH & 22ND OCTOBER BEFORE DECIDING TO CARRY LONGS. BE ABSOLUTELY SURE DOW WHICH WAS 500 OR MORE NEGATIVE WILL BE MADE TO RECOVER SUBSTANTIALLY AFTER THE CLOSURE OF EUROPEAN MARKETS AND DOW FUTURES WILL BE MADE TO PROJECT NOT A BAD SITUATION ON WEDNESDAY MORNING AND WILL BE +VE TO MILD TO ATTRACT ASIAN MARKETS TO BUY.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 23RD OCT NO CHANGE TO OUR VIEW ON NIFTY FROM WHAT IS GIVEN FOR 22ND OCTOBER BELOW. NIFTY IS HIGHLY BEARISH AND THE MONSTER RED MONTHLY CANDLE OF SEPTEMBER MONTH FOLLOWED BY EQUALLY MONSTROUS OCTOBER MONTH RED CANDLE SUPPORTED BY EXTREMELY WEAK WEEKLY CHARTS, THE  HIGHLY DANGEROUS BEARISH ENGULFING CANDLE OF 17TH OCTBER AND SERIES OF DEADLY HEAD & SOLDERS FORMATIONS AND A FEW BEARISH CUP HANDLE FORMATIONS IN LOWER TIME FRAME CHARTS CLEARLY SUGGEST MUCH MUCH LOWER LEVELS FOR NIFTY IN COMING DAYS, WEEKS AND MONTHS.

LOOK FOR INTRADAY RISES, BUYING SUGGESTIONS  OR HALF HEARTED BULLISH STORIES PAINTED BY FINANCIAL CHANNELS AS WAS PAINTED ON MONDAY 22ND OCTOBER MORNING & USE THESE AS GOD SENT OPPORTUNITIES TO TRADE SHORT IN NOVEMBER FUTURES, BUY NOVEMBER PUTS & WRITE NOVEMBER HIGHER CALLS  FOR VERY GOOD GAINS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 22NDOCT  THE RETRACEMENT RISE THAT HAD CONTINUED FROM 11TH OCTOBER LOWS OF 10138 SPOT FAILED TO  GO ABOVE 50 WEEK MOVING AVERAGE AROUND 17TH OCTOBER DAILY OPENING GAP UP HIGH OF 10710 AND THE 21 DAY EMA THERE POSED TO BE A FORMIDABLE OBSTACLE TO BOLSTER THE POWER OF 50 WEEK MOVING AVERAGE THERE AND NIFTY STARTED TO FALL FROM 10710 SPOT.

THE ALARMING FACT IS THAT THE CANDLE FORMED ON 17TH OCTOBER WAS A DEADLY BEARISH ENGULFING CANDLE WHICH SAW A GAP DOWN OPEN ON FRIDAY 19TH OCTOBER, PAVING THE WAY FOR MUCH BIGGER FALLS TO COME DURING THE EXPIRY WEEK. LOOK FOR INTRADAY RISES DAY OR TWO PAUSES  TO TRADE SHORT ON NOVEMBER FUTURES, WRITE NOVEMBER HIGHER CALLS AND BUY NOVEMBER PUTS.

INTRADAY TRADERS TRADING OCTOBER FUTURES & OPTIONS SHOULD LOOK FOR SOME RISE ON MONDAY TO TRADE SHORT AND BUY PUTS. NIFTY FUTURES WHICH HAD CLOSED AROUND 10313 ON FRIDAY FACES STRONG RESISTANCE AROUND 10360 TO 10366 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS. TRADERS CAN SHORT ON MINOR RISES AT ANY LEVEL AND USE RISE IF AT ALL COMES TOWARDS 10350  TO ADD SHORTS AND BUY PUTS WITH STOP LOSS ON A 30 MINUTE CANDLE CLOSE ABOVE 10370 FUTURES.

A SLIDE TO BREACH 10250 FUTURES OR FRIDAY’S LOWS OF 10244 FUTURES & MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE BELOW FRIDAY’S SPOT & FUTURE LOWS CAN SEE MUCH BIGGER FALLS TOWARDS 11TH OCTOBER SWING LOWS OF 10138 SPOT & 10155 FUTURES IN QUICK TIME  THAT MAY SEE MUCH LOWER LEVELS TOWARDS BREACHING 23RD  MARCH SWING LOWS OF 9951 SPOT DURING THE EXPIRY WEEK ITSELF. A RISE TO CLOSE A CANDLE ABOVE 10355 OR ABOVE FRIDAY’S HIGHS CAN LIFT NIFTY  TOWARDS  10400 TO 10425 SPOT LEVELS.

THE MONSTER RED MONTHLY CANDLES SPELL DANGER FOR NIFTY ON MEDIUM TO LONG TERM CHARTS THAT SUGGESTS TRADERS TO USE  RISES TO TRADE SHORT AND SWING TRADERS CAN TAKE SHORT POSITIONS IN NOVEMBER SERIES FOR GOOD GAINS. MOST IMPORTANT THING TO REMEMBER IS LOOK FOR RISES TO TAKE SHORT POSITIONS & BE SURE WHATEVER THE FALL MAY BE,  A RETRACEMENT RISE HAS TO COME OFFERING BETTER OPPORTUNITY FOR TRADERS TO INITIATE SHORTS OR BUY LOWER PUTS.

MARKETS FOR 17THOCT THE RETRACEMENT RISE CONTINUES & WILL KEEP ON CONTINUING TILL SUCH TIME NIFTY DOES NOT FALL AND MORE IMPORTANTLY CLOSE BELOW THE LOWS OF ITS PREVIOUS DAY. ON TUESDAY NIFTY HAD MADE A LOW OF 10525 SPOT & 10516 FUTURES. SO TILL SUCH TIME NIFTY DOES NOT CLOSE BELOW 10500 SPOT & FUTURES USE INTRADAY DECLINES TO BUY AND BUY ONLY TO RIDE THIS RETRACEMENT RISE. TRADERS HOLDING LONGS FROM FRIDAY’S LEVEL OF 10400 CAN HOLD LONGS AND USE RISE ON WEDNESDAY TO WRITE 10800  OR EVEN 10700 CALLS TO POCKET THE PREMIUMS ON THESE CALLS BY HOLDING ON TO THE LONG FUTURES. ENJOY THE LONG RIDE AS LONG AS THIS RETRACEMENT RISE LASTS & NIFTY DOES NOT FALL TO CLOSE BELOW 10500.

UPDATING WILL RESUME FROM MONDAY 22ND OCT

MARKETS FOR 16THOCT  AS WAS MENTIONED, THE RETRACEMENT RISE CONTINUED & SHOULD CONTINUE THIS WEEK WITH HIGH VOLATILITY INTRADAY MOVEMENTS. LONGS INITIATED ON FRIDAY FROM 10400 FUTURE LEVELS WITH STOP LOSS BELOW TRADE PRICE OF 10400 IS STILL INTACT AND DOUBLE LONGS WERE ADDED ON MONDAY ON APPROACH OF NIFTY FUTURES TOWARDS 10410 AND ALSO ON BREACH OF FRIDAY’S HIGHS OF 10508.

HOLD THE LONGS WITH STOP LOSS NOW A BIT LOWER LEVEL OF 10380 FUTURES OR ON A 30 MINUTE CANDLE CLOSE BELOW 10400 FUTURES. IN CASE OF INITIAL RISE OF NIFTY ON TUESDAY SOME PROFIT BE BOOKED ON LONGS AND ON INTRADAY DECLINE OF NIFTY FUTURES TOWARDS 10450 TO 10440 THESE LONGS BE BOUGHT BACK . RIDE THE RETRACEMENT RISE CONFIDENTLY  BUT BOOK SOME PROFITS ON RISE TO BUY BACK ON DECLINES. STOP LOSS MUST FOR ALL LONGS BELOW 10400 ON A 30 MINUTE CANDLE CLOSING BASIS OR BELOW 10380 FUTURES..  

MARKETS FOR 15THOCT  THE RISE ON FRIDAY WAS PERFECTLY IN LINE WITH THE PRINCIPLE OF RETRACEMENT WHICH MAY EVEN CONTINUE FOR A FEW MORE DAYS. THE VOLUME OF NIFTY FUTURES ON FRIDAY WHICH IS LOWER THAN THE VOLUME OF LAS 7 DAYS IS A CLEAR INDICATION THAT THE RISE IS OF A RETRACEMENT NATURE AFTER 6 WEEKS OF MONSTROUS FALLS FROM THE LIFE TIME HIGHS OF 11760 SPOT TILL 12TH OCTOBER SWING LOWS OF 10138 SPOT, NEARLY 1620 POINT FALL EVEN WORSE THAN EARLIER BEAR MARKET FALL OF 2008 JANUARY.

LONGS INITIATED AND CALLS BOUGHT ON FRIDAY FROM AROUND 10400  LEVELS AFTER NIFTY MADE  A DAY LOW OF 10321 FUTURES & BREACHED THURSDAY’S HIGH OF 10370 FUTURES, SHOULD BE HELD FOR MORE GAINS DURING THIS RETRACEMENT RISE AS LONG AS NIFTY DOES NOT FALL AGAIN TO BREACH AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE BELOW THE LONG TRADE PRICE AROUND 10400 FUTURES. A CLEAR BREACH FOLLOWED BY A CLOSURE OF A 30 MINUTE CANDLE BELOW 10400 SPOT & FUTURES CAN BE USED TO QUIT LONGS AND RESUME SHORTING AGAIN.

A CLOSURE OF A 30 MINUTE CANDLE ABOVE FRIDAY’S HIGHS CAN BE USED TO ADD DOUBLE LONGS TO RIDE THIS RETRACEMENT RISE TILL A SENTIMENT IS GENERATED THAT THE CORRECTION IS OVER & BULL MARKET HAS RESUMED BUT ONLY TO SEE MEGA FALLS AGAIN TO MAKE MORE AND MORE LOWS BELOW 12 OCTOBER LOWS OF  10138 SPOT .SO, FOR NEXT FEW SESSIONS HOLD LONGS & BOUGHT CALLS & USE INTRADAY DECLINES TO TRADE LONG, BUY CALLS & JUST FORGET THE FACT THAT THIS IS ONLY A RETRACEMENT TO MEGA BEAR MARKET. KEEP ON TRAILING YOUR STOP LOSSES TO RIDE THIS SHORT LIVED LONGS REMEMBER THE NEXT LEG OF FALL IS GOING TO BE MORE TREACHEROUS & WILL SEE MORE BLOOD FLOW ON THE STREETS.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 12THOCT ANOTHER BIG FALL DAY ON THURSDAY SHOULD SEE A PAUSE OR MILD RISE ON FRIDAY TO BE HAMMERED OUT OF SHAPE ON MONDAY AGAIN IF NOT HAMMERED ON FRIDAY. THE PAUSE OR MILD RISE IF AT ALL COMES TOWARDS OR HIGHER THAN THURSDAY’S HIGHS SHOULD BE TAKEN FULL ADVANTAGE OF TO MERCILESSLY SHORT FUTURES, WRITE HIGHER CALLS AND BUY PUTS FOR ANOTHER MEGA FALL EARLY NEXT WEEK TO BREACH AND CLOSE BELOW THE YEARLY LOWS OF 9952 SPOT .

THE DEADLY HEAD & SOLDER WHICH HAS ALREADY STARTED TO TAKE EFFECT  WILL BE MORE VIGOROUS NEXT WEEK BUT CERTAINLY AFTER A PAUSE OR MILD RISE TO AROUSE THE SENSES OF ANALYSTS TO START THINKING ABOUT 200 DMA AROUND 10800 LEVELS.  DO NOT SHORT BLINDLY BUT WAIT FOR SOME RISE PREFERABLY TOWARDS PREVIOUS DAY’S HIGHS TO TRADE SHORT. HAVE A LOOK AT THE MONTHLY AND WEEKLY CHARTS OF NIFTY & SENSEX BEFORE TAKING LONGS EVEN IF FOR A SHORT PERIOD.

MARKETS FOR 11THOCT THE RETRACEMENT RISE CONTINUED ON WEDNESDAY THAT GENERATED A FEELING THAT THE CORRECTION IS OVER AND MANY HAVE STARTED TO DREAM ABOUT THE 200 DMA AROUND 10800 LEVELS. USE WEDNESDAY TYPE RISE TO TRADE SHORT , SELL HIGHER CALLS AND BUY PUTS TO RIDE THIS MEGA BEAR MARKET ONCE THE RETRACEMENT RISE IS OVER. AFTER A FEW DAYS ONE SHOULD NOT BE SURPRISED TO SEE ENTIRE WORLD MARKETS CRASHING SIMILAR TO 2008 . SO DO NOT BE FOOLED BY RETRACEMENT RISES AND ALSO DO NOT FOOL OTHERS. REMEMBER THIS TIME NIFTY HAS TO BREACH THIS YEARS LOWS OF 9952 SPOT FOR MUCH LOWER LEVELS. SO, USE RISES AS GOD SENT OPPORTUNITIES TO TRADE SHORTS & NEVER EVER COMMIT THE MISTAKE OF CARRYING LONGS.

MARKETS FOR 9THOCT  NIFTY MADE ANOTHER DAY OF LOWER HIGH AND LOWER LOW TO CLOSE MILDLY POSITIVE AFTER THREE BRUTAL DAYS OF FALLS LAST WEEK. THIS MILDLY POSITIVE CLOSING MAY SEE ANOTHER BRUTAL SELL OFF ON TUESDAY & IN CASE TUESDAY HAS A MILDLY POSITIVE CLOSE THEN WEDNESDAY CAN SEE THE BRUTAL CRASH IN INDIAN MARKETS. TRADERS MUST WAIT FOR INTRADAY RISES TO TRADE SHORT THAT MAY TAKE THEM TOWARDS DAY LOWS OR PREVIOUS DAYS LOWS.

FOR TUESDAY A RISE TO BREACH MONDAY’S HIGHS TO STAY ABOVE IT CAN LIFT NIFTY A BIT MORE TO BE FOLLOWED BY SIMILAR TO MONDAY TYPE FALL TOWARDS 10200 NIFTY LEVELS. NIFTY FUTURES STAYING ABOVE 10430 CAN SEE THE RISE TO BE WELCOMED LATER WITH BRUTAL SHORTINGS. A SLIDE TO BREACH AND STAY BELOW 10330 FUTURES CAN ALSO SEE BIGGER FALLS. BETTER TO WAIT FOR SOME INTRADAY RISE TO TRADE SHORT THAN SHORTING THE FALL. NIFTY IS YET TO SEE THE EFFECT OF HEAD & SOLDER PATTERN THAT MAY COME A DAY OR TWO LATER.

MARKETS FOR 8THOCT AS WAS MENTIONED MANY TIMES EARLIER, IT IS THE MONTHLY CANDLE OF 2018 SEPTEMBER MONTH THAT CLEARLY SIGNALS BEAR MARKET. SUCH MONSTROUS RED MONTHLY CANDLE OF 900 POINTS IN NIFTY WAS NEVER SEEN AFTER THE BEAR MARKET MONTHLY CANDLES OF OCTOBER 2008. SECONDLY HAVE A CLOSER LOOK AT THE MONTHLY CANDLE OF MAY AND JUNE 2018 WHICH WERE DOJI INSIDE CANDLES WITH THE MAY 2018 MONTHLY MOTHER CANDLE LOW OF 10417 SPOT. DURING THIS MONTH OF OCTOBER 2018, NIFTY HAS MADE A LOW OF  10261 MUCH LOWER THAN THE MAY JUNE MONTHLY INSIDE CANDLE SETUP SUGGESTING ANOTHER BIG FALL TO WARDS  MARCH 2018 LOWS OF 9950 SPOT WHICH AFTER A DECEPTIVE SPRING ACTION PUSH TO NIFTY WILL CERTAINLY  BE BREACHED FOR MUCH MUCH LOWER LEVELS IN QUICK TIME.

ON FRIDAY 5TH OCTOBER, NIFTY TESTED THE 20 MONTH MOVING AVERAGE AND ONE SHOULD BE REASONABLY SURE TO SEE NIFTY TESTING 34 MONTH MOVING AVERAGE AROUND 9450 FOLLOWED BY 50 MONTH MOVING AVERAGE AROUND  9000 SPOT LEVELS DURING THIS YEAR ONLY BEFORE THE ELECTION RESULTS OF THE 5 STATES ARE OUT  ON 11TH DECEMBER 2018.

THE WEEKLY CANDLE OF WEEKENDING 5TH OCTOBER WAS ALSO A MONSTER WEEKLY CANDLE & SUCH DEVASTATING BEARISH WEEKLY CANDLE OF THIS ALARMING SIZE WAS SEEN ONLY DURING THE BEAR MARKETS OF 2008. THE EARLIER SWING LOW OF 9951 SPOT MADE ON 23RD MARCH WILL JUST BE AN OBSERVER TO THE BIG GAP DOWN BELOW IT MOST LIKELY  DURING THIS WEEK OR EARLY NEXT WEEK AFTER SOME DECEPTIVE PAUSES THAT MAY GENERATE A FEELING THAT THIS SUPPORT OF 9951 SPOT HAS HELD ITS GROUND BUT ONLY TO GET PUNCTURED FOR BIGGER FALLS  AFTER  CLOSING BELOW IT.

IN THE DAILY CHARTS, NIFTY AFTER BREACHING THE CRITICAL 200 DMA BY A GAP DOWN MUCH BELOW IT ON THURSDAY 4TH OCTOBER, HAS FALLEN MORE AND MORE TO BREACH THE SUPPORT LINE JOINING THE LOWS OF 26TH DECEMBER 2016 AT 7893, LOWS OF 23RD MARCH 2018 AT 9951. ON FRIDAY NIFTY TESTED ANOTHER SUPPORT LINE JOINING THE LOWS OF BUDGET DAY 29 FEB 2016, LOWS OF 26 DEC 2016 AT 7893. BE SURE THIS SUPPORT LINE ALSO WILL BE EASILY BREACHED TO BE SHUNTED DOWN TOWARDS 23RD MARCH 2018 LOWS OF 9950 SPOT WHERE ALSO THE 100 WEEK MOVING AVERAGE IS CAMPING.

FROM THE MAJOR WEEKLY SWING LOW OF WEEKENDING 4TH MARCH 2016 AT 6825 TILL RECENT 28TH AUGUST 2018 LIFE TIME HIGH OF 11760, NIFTY HAS COMPLETED CLEAR 5 WAVE PATTERN WHICH CAN EASILY BE SEEN IN THE WEEKLY CHARTS. THIS 4935 POINTS HAS TO BE CORRECTED IN FIBO RATIOS OF 38.2% TO 9875, 50%  TO 9292 AND MOST LIKELY 61.8%  TILL 8710. HOWEVER IF NIFTY HAS TO CORRECT THE ENTIRE MEGA BULL MARKET 5 WAVE PATTERN FROM THE EARLIER BEAR MARKET LOWS OF 27TH OCT 2008 AT 2252 TILL THE RECENT LIFE TIME HIGHS OF 11760 THEN ONE CAN EASILY CALCULATE THE 38.2%,50% & 61.2% FIBO LEVELS & HIDE IT IN A PERSONAL DIARY TO BE THRILLED LATER IN 2019 OR 2020 THAT HE HAD THOUGHT OF IT WELL IN ADVANCE & NOTED IT.

WELL, THE ABOVE POINTS  ARE PURE TECHNICALS AND ANYONE WHO UNDERSTANDS FIBONACCY RETRACEMENT LEVELS & ELLIOTT WAVE COUNT, CAN EASILY SEE AND VERIFY ON LONG TERM MONTHLY, WEEKLY & DAILY CHARTS. EARLIER THE BEAR MARKETS CAME IN CYCLES OF 8 YEARS 1984 P.M. INDIRA GANDHI SHOT DEAD & THE CHAOS , 1992 HARSHAD MEHTA CRASH, 2000 TECH BUBBLE CRASH, 2008 LEHMAN BROTHERS CRASH . THIS TIME THE CYCLE WHICH WAS TO REPEAT IN 2016  HAS BEEN EXTENDED BY 2 MORE YEARS AS HAPPENS IN ELLIOTT WAVE EXTENSIONS. LETS PRAY THAT THE MOST LIKELY BIG CRASH DOES NOT TAKE PLACE TO CORRECT THE ENTIRE 5 WAVE UP MOVE FROM 2008 OCT BEAR MARKET LOWS OF 2252 TILL THE RECENT 28TH AUGUST 2018 BULL MARKET HIGHS OF 11760. HOWEVER, IT IS WISER TO REVERT BACK TO BANK FIXED DEPOSITS AND WAIT FOR THE ENTIRE CORRECTION TO BE OVER TO RENTER INTO LONG TERM INVESTMENTS AT MUCH MUCH LOWER PRICE.

 

MARKETS FOR 5THOCT   AS NIFTY HAS BREACHED AND  MORE IMPORTANTLY CLOSED BELOW THE CRITICAL 200 DMA, LOOK EVEN FOR MINOR RISES TOWARDS THE 200 DMA TO TRADE SHORT, BUY PUTS AND SELL HIGHER CALLS OF 11000 & 10900. THIS CRITICAL 200 DMA HAD SAVED NIFTY DURING MARCH, MAY & JUNE 2018 FALLS. HOWEVER THIS TIME NIFTY HAS NOT ONLY BREACHED THE 200 DMA AROUND 10780 SPOT BUT ALSO REACHED A DAY LOW OF 10547 TO FINALLY CLOSE AROUND 10600 SPOT MUCH BELOW THE 200 DMA.

LOOK FOR GAP UP OR INTRADAY RISES WHICH HAS TO COME TO TRADE SHORT, BUY PUTS & SELL HIGHER CALLS.. FUTURE TRADERS MUST LOOK FOR INTRADAY RISES TOWARDS 10700 TO TRADE SHORT WITH STOP LOSS ABOVE 10730 ON A 30 MINUTE CANDLE CLOSING BASIS. ONE SHOULD BE PREPARED TO SEE NIFTY BREACHING 10000 SPOT LEVELS DURING THE COMING WEEK OR IN THE OCTOBER SERIES ITSELF. SO TRADE ACCORDINGLY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 4THOCT  THE LOW VOLUME RISE WAS FOLLOWED BY HEAVY FALLS ON WEDNESDAY AND NOW NIFTY LOOKS HIGHLY VULNERABLE FOR MUCH BIGGER FALLS & THIS TIME THE 200 DMA NOW AROUND 10790 WILL GIVE AWAY AND OCTOBER MAY SEE NIFTY MOVING TOWARDS 10000 LEVELS IF CLOSES BELOW 200 DMA. CHARTISTS MAY HAVE A LOOK AT THE MONTHLY CANDLE OF SEPTEMBER MONTH AND DECIDE FOR THEMSELVES AS TO WHERE NIFTY IS HEADED FOR  DURING THE COMING DAYS. SUFFICE TO SAY THAT LOOK FOR GAP UP OR INTRADAY RISES TO TRADE SHORT, BUY PUTS AND SELL HIGHER CALLS. STOP LOSS SHOULD BE ABOVE 11050 SPOT ON A CLOSING BASIS.

FOR THURSDAY’S INTRADAY TRADING, LOOK FOR SLIGHTEST AMOUNT OF GAP UP TO TRADE SHORT AND BUY LOWER PUTS. WITH STOP LOSS ABOVE 10955 FUTURES OR ABOVE WEDNESDAY HIGH OF 11025 FUTURES. A FALL BELOW WEDNESDAY’S LOWS OF 10880  FUTURES TO CLOSE A CANDLE BELOW IT CAN SEE BIGGER FALLS. A RISE TO BREACH AND STAY ABOVE 10960 FUTURES IS THE 1ST SIGN  TO TRIGGER STOP LOSSES OF SHORTERS. SO, USE INTRADAY RISE ABOVE 10900 TO TRADE SHORT WITH STOP LOSS A FEW POINTS ABOVE 10960.

MARKETS FOR 3RD OCT NIFTY MADE A NEW LOW AROUND 10821 AND SAW HEAVY SHORT COVERING AND BUYING ACTION TO LIFT FROM A LOW OF 10821 TO A DAY  HIGH OF 11035  SPOT LEVELS TO CLOSE AT 11008 VERY NEAR THE DAY HIGH. THIS 215 INTRADAY RISE ON MONDAY WAS PART OF THE RETRACEMENT AFTER 3 CONSECUTIVE DAYS OF FALLS.IN THE WEEKLY CHARTS  AFTER MAKING 4 CONSECUTIVE WEEKS OF LOWER LOWS, LOWER HIGHS & LOWER CLOSINGS, ON MONDAY NIFTY FOUND SUPPORT AT THE 34 WEEKLY MOVING AVERAGE NEAR DAY LOWS AND SHOWED THE BOUNCE. AS PER INDICATORS IN THE WEEKLY CHARTS, NIFTY CONTINUES TO LOOK HIGHLY VULNERABLE FOR FURTHER FALLS AFTER THIS RETRACEMENT RISE IS OVER.

IN THE DAILY CHARTS, MOST LIKELY 200 DMA AROUND 10780 TO 10790 SPOT WILL BE TESTED DURING THE COMING WEEK IF NOT DURING THIS TRUNCATED WEEK. ALTHOUGH THERE WAS A BIG RISE OF MORE THAN 200 POINTS ON MONDAY FROM LOWS OF 10821 TILL 11035 SPOT, YET THE VOLUME OF NIFTY FUTURES WAS LOWER THAN THE VOLUME OF LAST 8 DAYS SUGGESTING SHORT COVERING RISE ON MONDAY  TO BE FOLLOWED BY ANOTHER BIG FALL EITHER DURING THIS WEEK ITSELF OR DURING THE COMING WEEK.

GENERALLY THE PREVIOUS DAY’S LOWS ARE TESTED ON THE NEXT DAY, BUT THIS TIME NIFTY MAY NOT TEST MONDAY’S LOWS OF 10821 SPOT & 10857 FUTURES ON WEDNESDAY AND THIS LOW MAY BE TESTED EARLY NEXT WEEK EVEN THOUGH THE MARKETS LOOK HIGHLY VULNERABLE FOR MUCH BIGGER FALLS AS PER THE MONTHLY MONSTER RED CANDLE & SERIES OF WEEKLY BEARISH CANDLES.

TRADERS WHO HAVE INITIATED LONG POSITIONS FROM LOWER FUTURE LEVELS OF 10900 CAN HOLD THE LONGS AND BOUGHT CALLS AS LONG AS NIFTY DOES NOT FALL TO BREACH 10920 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS. SHORTING SHOULD ONLY BE PLANNED IN CASE NIFTY FAILS TO RISE AND STAY ABOVE ITS DOWN SLOPPING 100 DMA AROUND 11055 SPOT & NIFTY FUTURE FAILS TO RISE & CLOSE ABOVE 11100 OR IF THERE IS NO FOLLOW UP RISE ON MONDAY AFTER THE OPEN. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 28 SEPT NIFTY MADE A DAY LOW NEAR 10882 SLIGHTLY ABOVE 21ST SEPTEMBER LOWS OF 10866 SPOT LEVELS. SO, ON ANY DAY A FURTHER SLIDE BY NIFTY TO BREACH & CLOSE BELOW 10866 SPOT CAN SEE MUCH BIGGER FALLS  DURING THE DEVASTATING MONTH OF OCTOBER. ALTHOUGH THE LAST TRADING DAY OF THE MONTH & WEEK ON 28TH SEPTEMBER SHOULD SEE SOME RETRACEMENT RISE, YET NIFTY LOOKS  HIGHLY VULNERABLE AND THREATENS FOR BIGGER FALLS.

DURING THIS HORRIBLE MONTH OF SEPTEMBER, NIFTY FROM 28TH AUGUST LIFE TIME HIGH OF 11760 SPOT HAS FALLEN TILL 10866 NEARLY 900 POINT OF FALL AND GENERALLY ONE EXPECTS A BETTER CLOSE FOR NIFTY ON LAST DAY OF THE MONTH  AT LEAST ABOVE THE 20 WEEK MOVING AVERAGE AROUND 11088 SPOT SO AS TO HIDE THE MEGA FALL DURING THE COMING WEEK WHEN OCTOBER MONTH RESUMES FROM MONDAY.

BIG PLAYERS HAVE ALREADY STARTED WRITING HIGHER CALLS OF OCTOBER SERIES AND MORE CALLS WILL BE WRITTEN ON MOVE OF  NIFTY TOWARDS HIGHER LEVELS  DURING OCTOBER MONTH. NIFTY SPOT HAS CLOSED NEAR 10993 ON THE EXPIRY DAY &  NEEDS TO MOVE FURTHER UP  BY  AT LEAST 100 POINTS TO HAVE A FACE SAVING CLOSE ABOVE 20 WEEK MOVING AVERAGE AROUND  11088, STILL MUCH BELOW THE 29TH JANUARY  LIFE TIME HIGHS OF 11171.

THE MONSTER RED CANDLE OF SEPTEMBER MONTH IN CASE CLOSES POORLY ON FRIDAY, THEN THE MONTHLY COMPLETED RED CANDLE WILL BE EVEN BIGGER THAN THE BEARISH MONTHLY CANDLE OF MANY YEARS  CLEARLY HINTING AT INVESTORS AND TRADERS TO BE READY FOR A 2008 TYPE BEAR MARKET WITH SLIGHTLY LESSER INTENSITY.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 27 SEPT AVOID AGGRESSIVE TRADES ON THE EXPIRY DAY. HOWEVER IF ANYONE IS KEEN TO PRACTICE AND GAIN EXPERIENCE IN TRIGGERING OF STOP LOSSES THEN HE CAN TRY HIS HAND AT TRADING ON THE EXPIRY DAY.

THERE MAY BE ANOTHER DAY OF WILD SWINGS. USE RISES TOWARDS 11150 FUTURES TO TRADE SHORT WITH LIMITED VOLUME OF LOTS WITH STOP LOSS ABOVE 11200 SPOT & FUTURES. SIMILARLY A FALL TO TRADE BELOW WEDNESDAY’S LOWS OF 10990 SPOT CAN BE USED TO ADD MORE SHORTS.

TRADERS PLANNING TO TRADE LONG CAN DO SO ABOVE 11090 TO 11095 SPOT & FUTURE ZONE AND IN CASE  THE SLIDE IS REJECTED AT THE LOWS OF WEDNESDAY AROUND 1100 FUTURES AND 10990 SPOT.

EITHER DON’T TRADE ON EXPIRY DAY OR TRADE VERY VERY LESS AFTER 1 P.M.

MARKETS FOR 26 SEPT NIFTY NEARING EXPIRY DAY. ALTHOUGH EXPIRY DAY IS ON 27TH, BETTER TO AVOID AGGRESSIVE TRADES ON WEDNESDAY. NO TRADE ON WEDNESDAY & THURSDAY IS THE BEST TRADE. HOWEVER IF ONE IS STILL ITCHING TO TRADE THEN TRADE LONG EVEN THOUGH NIFTY IS HIGHLY VULNERABLE TO FALL AND RETEST TUESDAY’S LOWS.

TILL SUCH TIME NIFTY  DOES NOT FALL  TO STAY BELOW 11050 FUTURES & 11025 SPOT, EVERY INTRADAY DECLINE IS A BUY WITH STOP LOSS BELOW THESE LEVELS TO TRADE SHORT . USE RISES TO BOLDLY WRITE HIGHER CALLS OF 11200 AND 11100 OF OCTOBER SERIES FOR GOOD GAINS IN OCTOBER. OPTION BUYERS CAN BUY OCTOBER PUTS AND HOLD.

MARKETS FOR 25 SEPT ALTHOUGH 5 CONSECUTIVE DAYS OF BIG FALLS  MAKE NIFTY LOOK HIGHLY OVERSOLD, BE SURE THIS OVERSOLD LOOKS WITH THE INDICATORS WILL CONTINUE TILL SUCH TIME NIFTY STAYS BELOW 11350 SPOT LEVELS. ONLY WHEN NIFTY RISES TO BREACH AND MORE IMPORTANTLY CLOSE ABOVE 11350 SPOT, EVERY INTRADAY RISE OR EVEN A PAUSE IS A MEGA SHORTING OPPORTUNITY TO BRUTALLY SHORT OCTOBER FUTURES AND OCTOBER HIGHER CALLS WHICH ARE ENJOYING THE LUXURY OF HEFTY PREMIUMS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 24 SEPT  THE WEEKLY CLOSURE OF NIFTY AT 11143 SPOT MUCH MUCH BELOW ITS PREVIOUS WEEK ENDING 14TH SEPT  CLOSING OF  11515 SPOT MAKES IT LOOK EXTREMELY WEAK, MORE SO BECAUSE  AFTER MAKING A WEEKLY LOW OF 10866 NIFTY BOUNCED TO CLOSE AT 11143 STILL BELOW THE PREVIOUS WEEK’S  HAMMER LOWS OF 11250. IF COMING WEEK WAS NOT THE EXPIRY WEEK NIFTY COULD HAVE EASILY FALLEN TO BREACH THE 200 DMA AROUND 10750 SPOT RIGHT ON THE DAILY SUPPORT LINE COMING FROM LOWS OF 26TH DECEMBER 2017 THROUGH THE LOWS OF 23RD MARCH 2018.

MOST LIKELY INDEX MANIPULATORS WILL LIFT NIFTY A BIT MORE TO GIVE A FACE SAVING CLOSE TO  THE INDEX DURING THE SEPT 27TH  EXPIRY. IN ANY CASE NIFTY IN CASE  BREACHING AND STAYING ABOVE 11350 SPOT ON ANY DAY AND EVEN IF IT CLOSES A 30 MINUTE CANDLE ABOVE IT, THEN ONE CAN BOLDLY ADD ON TO THE LONG POSITIONS  OR GENERATE FRESH LONGS. A SLIDE ON ANY DAY TO BREACH AND CLOSE A CANDLE BELOW FRIDAY’S PANICKY  LOWS OF 10866 SPOT CAN SEE MUCH LOWER LEVELS TOWARDS THE 200 DMA AROUND 10750 FOLLOWED BY THE BREACH OF SUPPORT LINE AROUND 10730  TOWARDS MUCH LOWER LEVELS AS PART OF A MUCH BIGGER CORRECTION OF THE ENTIRE 5 WAVE UP MOVE FROM 29TH FEB 2016 LOWS OF 6825 TILL 28TH AUGUST 2018 HIGHS OF 11760 IN FIBO PATTERN SLIDES OF 38.2%,50% AND 61.8%.

NIFTY ON FRIDAY HAS ALREADY FORMED A HEAD AND SOLDER FORMATION THAT  AFTER SEPT MONTH MANIPULATED EXPIRY RISE SHOULD SEE MEGA FALLS DURING THE DEVASTATING MONTH OF OCTOBER. HOWEVER NIFTY NEEDS TO BREACH AND CLOSE FOR A FEW DAYS BELOW ITS 200 DMA AROUND 11750 TO TRIGGER BIGGER FALLS. ALTHOUGH THE WEEKLY CANDLES LOOK DEVASTATING FOR BIGGER FALLS TO SUPPORT THE BEARISH WEEKLY ENGULFING CANDLE OF WEEK ENDING 7TH SEPT, ONE SHOULD BE PREPARED TO SEE SOME MORE RETRACEMENT RISE  FOLLOWING UP THE RISE FROM THE PANICKY LOWS OF 10866 ON FRIDAY. BIG PLAYERS ARE TAKING MEGA SHORT POSITIONS IN OCTOBER FUTURES AND ARE BRUTALLY WRITING OCTOBER HIGHER CALLS.

INTRADAY TRADERS, CHANGING THEIR  MARKET OPINION EVERY HOUR CAN HOPE FOR SOME RETRACEMENT RISE  ON MONDAY THAT MAY OFFER GREAT SHORTING OPPORTUNITY FOR OCTOBER SERIES FUTURES AND WRITE OCTOBER OUT OF THE MONEY CALLS. NIFTY FUTURE HAS CLOSED AROUND 11175 ON FRIDAY, A RETRACEMENT RISE ABOVE 11200 TO 11220 CAN GENERATE SHORT COVERING  FOR SOME MORE RISE TO OFFER GREAT OPPORTUNITY FOR LONG POSITION HOLDERS TO  POCKET THE PROFIT OR HOLD THE LONGS AND USE RISE TO BOLDLY SHORT HIGHER CALLS OR BUY LOWER PUTS TO HEDGE THE LONGS.

MARKETS ARE HIGHLY BEARISH AND AFTER A RETRACEMENT RISE ONE SHOULD NOT BE SURPRISED TO SEE SIMILAR OR BIGGER FALLS  AS COMPARED TO THE FALL OF FRIDAY. MOMO LOVERS FOLLOWING JAPANESE ICHIMOKU SHOULD BE PREPARED TO SEE BIGGER FALLS IN OCTOBER. P& F CHART FOLLOWERS ARE BANKING ON THE  BEARISH HARAMI IN DAILY P & F CHARTS TO  JUMP INTO BEARISH MODE AGAIN AFTER THE EXPIRY MANIPULATION IS OVER.

UPDATING WILL RESUME FROM MONDAY 24 SEPT

MARKETS FOR 19 SEPT  NIFTY VERY NEARLY TESTED LAST WEEK’S LOWS OF 11297 FUTURES AND 11250 SPOT BY SLIDING TILL 11298 FUTURES AND 11268 SPOT TODAY. SINCE THE DEVASTATING NEWS OF U.S. FRESH TRADE TARIFFS AGAINST CHINA & CHINA RETALIATING IS ALREADY OUT, ONE CAN EXPECT A RETRACEMENT BOUNCE ON WEDNESDAY AS WAS ON WEDNESDAY OF LAST WEEK AFTER MAKING THE LOWS OF 11297 FUTURES AND 11250 SPOT.

 AS LONG AS NIFTY DOES NOT RISE TO CLOSE A CANDLE ABOVE 11455 FUTURES AND 11424 SPOT, TRADERS HOLDING SHORTS AND PUTS NEED NOT WORRY AND SHOULD ADD MORE SHORTS AND PUTS WITH STOP LOSS ABOVE 11455 FUTURES AND 11424 SPOT ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT AND GO LONG AGAIN. A FURTHER SLIDE BELOW LAST WEEK’S LOWS OF 11297 FUTURES AND 11250 SPOT TO CLOSE A CANDLE BELOW THESE LEVELS CAN BE DEVASTATING FOR INDIAN MARKETS AND SHORT POSITION HOLDERS WILL BE GREATLY BENEFITTED.

 THE LOWS MADE ON 11TH  SEPTEMBER WAS ON THE RISING 50 DMA THAT GAVE A SPRING ACTION PUSH TO NIFTY  FOR THE REMAINING TWO DAYS OF LAST WEEK. BUT ON TUESDAY 18TH SEPTEMBER, BOTH THE NIFTY SPOT AND FUTURES HAVE NOT ONLY BREACHED BUT HAVE CLOSED BELOW THEIR RESPECTIVE RISING 50 DMAS. BOTH THE LOWS ON 11TH & 18TH SEPTEMBER MAY ACT AS A DOUBLE BOTTOM FOR SOME RETRACEMENT RISE TO BE FOLLOWED BY SLIDE TO BREACH THE DOUBLE BOTTOM FOR MUCH LOWER LEVELS IF NOT THIS WEEK THEN CERTAINLY DURING THE COMING EXPIRY WEEK. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 18 SEPT  AFTER THE BIG FALL OF MONDAY THERE MIGHT BE SOME RETRACEMENT RISE ON TUESDAY WHICH CAN BE USED TO ENTER SHORTS AGAIN. A SLIDE TO STAY AND CLOSE A CANDLE BELOW 11366 SPOT AND 11390 FUTURES CAN SEE  MORE FALLS TOWARDS LAST WEEK’S LOWS OF 11297 FUTURES AND 11250 SPOT IN QUICK TIME.

A RISE TO CLOSE A CANDLE ABOVE 11455 FUTURES IS A SIGN OF STRENGTH THAT MAY TRIGGER SHORT COVERING TOWARDS MONDAY’S HIGHS OF 11490 FUTURES. A RISE  TO BREACH AND STAY ABOVE 11433 MAY BE THE INITIAL SIGN OF STRENGTH FAILING WHICH NIFTY FUTURES MAY FALL TO INITIALLY TEST MONDAYS LOWS OF 11395 FOLLOWED BY LOWER LEVELS.

IT IS WISER TO LOOK FOR RISE TO TRADE SHORT AS NIFTY SHOULD RETEST AND BREACH LAST WEEK’S LOWS OF 11297 FUTURES AND 11250 SPOT THIS WEEK ALSO. OPTION WRITERS CAN USE MARKET DECLINES TO SELL LOWER PUTS OF 11200 BY HOLDING SHORTED FUTURES OR  HIGHER BOUGHT PUTS.

MARKETS FOR 17 SEPT  ALTHOUGH NOTHING CAME OUT OF THE MUCH HYPED PM’S CABINET MEETING ON THE WEEKEND THAT SAW TWO DAYS OF BIG RISE IN MARKETS, THE MOMENTUM GATHERED ON WEDNESDAY AND FRIDAY CAN SEE NIFTY FOLLOWING IT UP  TOWARDS MORE HIGHER LEVELS  FAILING WHICH A FALL TOWARDS RETESTING OF LAST WEEK’S LOWS OF 11250 SPOT AND 11297 FUTURES MAY HAPPEN THIS WEEK OR NEXT WEEK. BOTH SPOT & FUTURE NIFTY HAVE BREACHED AND CLOSED ABOVE THE 61.8% RETRACEMENT LEVELS OF 11470 SPOT AND 11515 FUTURES ON FRIDAY WHICH WAS CLEARLY INDICATED  BELOW FOR THE MARKETS ON 14TH SEPT.

SINCE NIFTY HAS SHOWN A REASONABLE AMOUNT OF RISE FROM WEDNESDAY’S LOWS OF 11250 SPOT TILL FRIDAY’S HIGH OF 11523 SPOT, THERE IS EVERY POSSIBILITY OF A DOWN SIDE MOVE TO RETRACE AT LEAST A PORTION OF THIS BIG RISE OF 275 POINTS. SO, LONG POSITION HOLDERS FROM WEDNESDAY MAY USE OPENING RISE OR INTRADAY RISES TO BOOK PROFIT AT LEAST ON SOME OF THE LONGS TO RE ENTER  LATER. LONG FUTURE POSITION HOLDERS MAY ALSO HEDGE BY SELLING HIGHER CALLS OF 11700 AND 11600 TO POCKET THE HEFTY MARGIN ON THESE OUT OF THE MONEY CALLS BY HOLDING ON TO THE FUTURE LONGS TILL NIFTY DOES NOT FALL BELOW 11500 FUTURES.

ON ANY DAY, ANY SESSION, SHOULD  NIFTY FALL TO CLOSE A 30 MINUTE CANDLE BELOW 11433 SPOT AND 11455 FUTURES, THEN ONLY ONE CAN QUIT THE LONG FUTURES AND TRADE SHORT OTHERWISE HOLD THE LONGS AND SHORT HIGHER CALLS OF 11600 AND 11700 ON MARKET RISE.  AS HEDGE. FOR MONDAY, A SLIDE BELOW 11500 FUTURES IS THE FIRST SIGN OF WEAKNESS TO REDUCE LONGS . (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 14 SEPT BULLISH HAMMER FORMATION WITH VERY HEAVY VOLUME RISE BY SPOT NIFTY ON WEDNESDAY AFTER RETESTING AND BREACHING THE CRITICAL 50 DMA TO MAKE A DAY LOW AROUND 11250 SPOT &  THEN MOVING UP TO MAKE A DAY HIGH OF 11380 SPOT & 11430 FUTURES IS CERTAINLY A BULLISH INDICATION THAT SHOULD SEE NIFTY RISING ON FRIDAY  TOWARDS 11500 OR HIGHER LEVELS IF IT DOES NOT FALL AND CLOSE A 30 MINUTE CANDLE BELOW 11333 SPOT & 11388 FUTURES. SO, LONG POSITIONS INITIATED ON WEDNESDAY MUST BE HELD AND DECLINES BE USED TO ADD MORE LONG POSITIONS WITH MUST STOP LOSS BELOW 11333 SPOT & 11388 FUTURES  ON A 30 MINUTE CANDLE CLOSING BASIS.

THE FALL FROM LAST FRIDAY 7TH SEPTEMBER HIGHS OF 11603 SPOT AND 11648 FUTURES HAS TO BE RETRACED . NIFTY HAS ALREADY RETRACED FIBO 38.2% ON WEDNESDAY. 50% RETRACEMENT LEVEL  COMES AROUND 11433 SPOT & 11477 FUTURES THAT WILL BE RETESTED ON FRIDAY TO MOVE FURTHER UP TO TEST THE MOST LIKELY  61.8% LEVEL AROUND  11470 SPOT & 11515 FUTURES WHERE ONE CAN PLAN TO BOOK PROFIT ON THE LONG POSITIONS INITIATED ON WEDNESDAY. GO LONG WITH STOP LOSS BELOW 11333 SPOT & 11377 FUTURES TO QUIT LONGS AND TRADE SHORT IF  30 MINUTE CANDLES CLOSE BELOW THESE LEVELS (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 12 SEPT MARKETS LOOK EXTREMELY DANGEROUS AFTER THE BIG FALL OF TUESDAY WITH BIGGER VOLUMES. NIFTY HAS DECISIVELY BREACHED THE CRITICAL 34 DAY EMA AROUND 11420 SPOT AND FELL TO MAKE A NEW LOW OF 11274 SPOT RIGHT ON THE 50 DMA. THIS 50 DMA WILL ULTIMATELY GIVE UP AFTER A DECEPTIVE RISE TO INDUCE A FEELING THAT THE CORRECTION IS OVER. THE WEEKLY BEARISH ENGULFING OF LAST WEEK GENERALLY SHOULD SEE 4 TO 5 WEEKS OF FALLS WITH MINOR PAUSES OR MILD RISES IN BETWEEN ON SOME DAYS. SO USE INTRADAY RISES TO ADD ON TO YOUR HELD SHORTS AND PUTS WITH STOP LOSS NOW ABOVE 11500 SPOT.

IF ONE HAS A CLOSER LOOK AT THE DAILY CHARTS OF NIFTY, ONE CAN CLEARLY SEE A 5 WAVE PATTERN STARTING FROM 28TH JUNE SWING LOWS OF 10557 TILL 28TH AUGUST SWING HIGHS OF 11760. THIS 5 WAVE RISE OF 1203 POINTS IN NIFTY’S  UP MOVE WILL BE RETRACED DOWN BY A NORMAL A,B,C ZIGZAG PATTERN. THE RETRACEMENT CAN BE FIBO RATIOS AT LEAST OF 38.2 TOWARDS 11301 WHICH WAS TESTED AND BREACHED ON TUESDAY. THE NEXT FIBO 50% CAN SEE NIFTY DOWN TOWARDS 11159 AND FINALLY THE MOST LIKELY 61.8% RETRACEMENT CAN SEE NIFTY SLIDING TOWARDS 11011 SPOT LEVELS STILL MAINTAINING THE PSYCHOLOGICAL SUPPORT OF 11000 NIFTY LEVELS. EARLIER LIFE TIME HIGH OF 11171 REACHED ON 29TH  JANUARY 2018 MAY ACT AS A LAUNCHING PAD THAT MAY GIVE A SPRING ACTION PUSH TO NIFTY THAT WILL BRING SHORT LIVED CHEERS FOR THE WEAK BULLS.

TILL SUCH TIME NIFTY DOES NOT RISE TO DECISIVELY CLOSE ABOVE THE CRITICAL 34 DAY EMA AROUND 11420 SPOT, EVERY RISE OF ANY KIND IS A SHORTING OPPORTUNITY. A CLOSE BELOW 50 DMA AROUND TUESDAY’S LOWS OF 11270 SPOT WILL REGENERATE BEAR MARKET FEARS IN THE MINDS OF TRADERS WHICH THEY HAD EXPERIENCED DURING FEB & MARCH THIS YEAR. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 11 SEPT  ALTHOUGH NIFTY LOOKS HIGHLY OVERSOLD AND IS RIPE FOR A RETRACEMENT BOUNCE, USE INTRADAY RISES TO ADD TO THE SHORT POSITIONS  BY HAVING STOP LOSS ABOVE 11555 FUTURES. IF ONE LOOKS AT THE INTRADAY CHARTS OF  ONE HOUR AND BELOW, THE INDICATORS CLEARLY GIVE HIGHLY OVERSOLD SIGNALS SUGGESTING BUYING ACTION ON RETEST OR BREACH OF MONDAY’S LOWS OF 11427 SPOT AND 11482 FUTURES. HOWEVER  INTRADAY BUYING ACTION MUST BE HEDGED BY BRUTAL SHORTING OF HIGHER CALLS.

AS NIFTY APPROACHES 11400 OR LAST WEEK’S LOWS OF 11393 SPOT LEVELS, ON CAN REDUCE CARRIED SHORTS TO  SEE NIFTY AGAIN BREACHING THESE LOWS TO CLOSE A 30 MINUTE CANDLE BELOW IT TO RE INITIATE OR ADD SHORTS AGAIN. LAST WEEK  THE RISING 34 DAY EMA AROUND 11393 SPOT PROVIDED SUPPORT AND SPRING ACTION UPWARD RETRACEMENT  TO NIFTY TO MOVE UP TILL 11604 SPOT. NOW THE SAME 34 DAY EMA HAS MOVED UP TO 11425 SPOT WHERE NIFTY MADE A LOW ON MONDAY AROUND 11427. A DECISIVE BREACH FOLLOWED BY A CLOSURE OF A 30 MINUTE OR DAILY CANDLE BELOW THIS 34 DAY EMA AROUND 11425 SPOT & 11464 FUTURES CAN SEE THE REMAINING BULLS GETTING BUTCHERED THAT MAY SEE MUCH LOWER LEVELS FOR NIFTY THIS WEEK.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 10 SEPT FIRST TIME SINCE WEEKENDING 29TH JUNE , AFTER MAKING 9 CANDLES OF HIGHER CLOSINGS, NF MADE A LOWER WEEKLY HIGH , LOWER WEEKLY LOW AND A LOWER WEEKLY CLOSING. NIFTY ALSO HAS MADE A WEEKLY BEARISH ENGULFING CANDLE THAT CAN SEE A MASSACRE OF BULLS DURING THE COMING WEEK UNLESS THE HIGHS OF WEEKLY BEARISH ENGULFING AT 11752 SPOT IS DECISIVELY BREACHED.

AS WAS GIVEN FOR FRIDAY, NIFTY VERY NEARLY TOUCHED THE CRITICAL 61.8% LEVEL OF 11620 SPOT AND 11657 FUTURES, SUGGESTING THE RESUMPTION OF THE DOWN SWING, OR NIFTY MAY EVEN RISE TO TEST THESE CRITICAL FIBONACCI LEVELS BEFORE RESUMING THE DOWN SWING. EVEN IF THE DOWN SWING DOES NOT RESUME, THE BIG RISE FROM LAST WEEK’S LOWS OF 11393 SPOT AND 11437 FUTURES TILL FRIDAY’S HIGHS OF 11603 SPOT & 11648 FUTURES HAS TO BE RETRACED BEFORE NIFTY RESUMES THE FURTHER UP MOVE.

FOR MONDAY’S INTRADAY TRADING OF NIFTY FUTURES, A RISE TO BREACH AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE ABOVE FRIDAY’S HIGHS OF 11650 TO 11660 ZONE IS HIGHLY BULLISH  AND A FALL TO BREACH AND STAY BELOW 11600 TO 11590 FUTURE ZONE CAN WEAKEN NIFTY FURTHER. STOCKS OF DIFFERENT SECTORS WILL MOVE ON THEIR OWN WAY WITH PHARMA STOCKS CONTINUING TO REMAIN BULLISH SUGGESTING TRADERS TO LOOK FOR DECLINES TO BUY. TECH STOCKS MAY SHOW WEAKNESS TO RISE LATER.

 IF NOT ON MONDAY, EXPECT DOWN SIDE IN NIFTY FROM MID WEEK ONWARDS IF IT DOES NOT RISE TO NULLIFY THE WEEKLY BEARISH ENGULFING CANDLE BY CLOSING ABOVE THE WEEKLY HIGHS OF 11752 TO 11762 SPOT LEVELS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 07 SEPT AS EXPECTED, NITY AFTER THREE DAYS OF BIG FALLS TOOK A PAUSE AND THE RETRACEMENT RISE FROM WEDNESDAY’S LOWS OF 11393 SPOT RIGHT FROM THE 34 DAY EMA MOVED UP TILL THURSDAY’S HIGHS OF  11562 AND FELL TOWARDS DAY END TO CLOSE AT 11520 SPOT IN THE FORM OF A DOJI. NOW, IN CASE BULLS CAN MANAGE TO CLOSE THE WEEK ON FRIDAY ABOVE 11562 SPOT & 11603 FUTURES,THE HIGHS OF WEDNESDAY’S GREEN DOJI, THEN EXPECT MASSIVE SHORT COVERING RISE ON MONDAY AS PART OF FURTHER RETRACEMENT RISE.

FROM THE LIFE TIME HIGHS OF 11760 SPOT AND 11793 FUTURES, NIFTY HAD MADE  THE WEDNESDAY LOWS OF 11393 SPOT AND 11437 FUTURES, A FALL OF NEARLY 367  POINTS IN SPOT AND NEARLY 356 POINTS IN FUTURES. FOR A BARE MINIMUM 38.2% RETRACEMENT THE RISE COMES TILL 11533 SPOT & 11572 FUTURES.(ALREADY ACHIEVED ON THURSDAY) A 50% RETRACEMENT RISE CAN LIFT NIFTY TOWARDS 11577 SPOT & 11615 FUTURES. A MOST LIKELY 61.8% RETRACEMENT RISE CAN LIFT NIFTY TOWARDS 11620 SPOT & 11657 FUTURES. SO, ONE CAN EXPECT THESE LEVELS TO BE TESTED IN COMING DAYS BEFORE RESUMING THE DOWNSIDE CORRECTION.IN ANY CASE A CLOSURE OF A DAILY CANDLE ABOVE 11606 SPOT AND 11650 FUTURES CAN SEE A BETTER WEEK AHEAD FOR THE BULLS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, A CLOSURE OF A 30 MINUTE CANDLE ABOVE 11606 FUTURES CAN TRIGGER MASSIVE SHORT COVERING HAVING SEEN THE INITIAL SHORT COVERING IN CASE NIFTY FUTURES BREACHES AND STAYS ABOVE 11580 FUTURES. A FAILURE TO RISE AND STAY ABOVE 11580 FUTURES CAN SEE SHORTING INTEREST DEVELOPING AND MORE SHORTS CAN COME IN CASE NIFTY FUTURE FAILS TO SAVE 11533 TO 11522 FUTURES ZONE, THAT CAN SEE FURTHER FALLS TOWARDS 11490 TO 11480 FUTURE LEVELS. NIFTY SHOULD NOT CLOSE THE WEEK BELOW 11500 SPOT AND FUTURES. IF THIS HAPPENS THEN ONE CAN EXPECT MAJOR FALLS DURING THE COMING WEEK WITH MINOR PAUSES IN BETWEEN.

MARKETS FOR 06 SEPT  SEPTEMBER MONTH HAS COMMENCED WITH A HIGHLY BEARISH NOTE & MAY BE BEARISH FOR THE ENTIRE MONTH WITH MILD PAUSES AND RETRACEMENT RISES IN BETWEEN. ALL TRADERS CAN BENEFIT FROM TRADING SHORT IN THIS MONTH BUT MUST SHORT ON INTRADAY RISE OR SHORT ON REJECTION OF IMPORTANT DAILY LEVELS LIKE 11606 SPOT  WITH STOP LOSS ABOVE IT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS.

THE WEEKLY CHARTS OF NIFTY  IS IN THE PROCESS OF FORMING A MONSTER DOUBLE BEARISH ENGULFING PATTERN AND THE 8 WEEKLY MOVING AVERAGE AROUND WEDNESDAY’S LOWS OF 11393 TO 11400 SPOT ONCE DECISIVELY BREACHED CAN SEE MUCH BIGGER FALLS DURING THE WEEKS AHEAD. A WEEKLY CLOSE ON COMING FRIDAY BELOW 11500 SPOT CAN SEE BULLS  OR EVEN BULLOCKS VANISHING FROM THE SITE OR MAY CONVERT THEMSELVES AS BEARS IF NOT YET CONVERTED.

THE DAILY CHARTS TOO LOOK EXTREMELY WEAK EVEN AFTER 3 BIG RED CANDLE DAYS SALUTING WITH RESPECT  THE MONSTER BEARISH ENGULFING CANDLE OF MONDAY 3RD SEPTEMBER THAT HAS ENGULFED ENTIRELY THE PREVIOUS TWO DAYS NR CANDLES. THIS EVENT AROUND THE LIFE TIME HIGHS IS A HIGHLY BEARISH SIGNAL AS LONG AS NIFTY REMAINS BELOW THE HIGHS OF THIS MONSTER DOUBLE BEARISH ENGULFING CANDLE OF 3RD SEPTEMBER.

NIFTY TOOK SUPPORT RIGHT AT THE 34 DAY EMA AROUND WEDNESDAY’S  LOW OF 11393 SPOT. ONCE THIS 34 DAY EMA AROUND 11393 SPOT GIVES AWAY ON A CLOSING BASIS THEN NIFTY CAN STRAIGHT AIM FOR 50 DMA AROUND 11211 SPOT. HOWEVER 34 DAY EMA SHOULD PROVIDE SOME SPRING ACTION  BEFORE ATTRACTING  NIFTY TOWARDS IT, JUST TO DUMP NIFTY BELOW IT.

SHORT POSITION HOLDERS HAVE STOP LOSS ABOVE 11606 SPOT ON A DAILY CLOSING BASIS AND ADD SHORTS ON EVERY BIG INTRADAY RISE. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

UPDATING WILL RESUME FROM 6 SEPTEMBER

MARKETS FOR 30 AUG EXPIRY DAY, SO NO TRADE OR MINIMUM TRADE IS THE BEST TRADE FOR THE DAY. THE CLOSURE OF NIFTY BELOW ITS PREVIOUS DAYS LOWS IS TECHNICALLY A SIGN OF FURTHER WEAKNESS TILL SUCH TIME  28TH AUGUST NEW LIFE TIME HIGHS OF 11760 SPOT AND 11763 FUTURES ARE DECISIVELY BREACHED TO CLOSE ABOVE THESE LEVELS. SO LOOK FOR INTRADAY RISE TOWARDS OR ABOVE WEDNESDAY’S HIGHS OF 11763 TO 117773 FUTURES TO TRADE SHORT AND FALL TOWARDS WEDNESDAY’S LOWS OF 11693 TO 11683 TO TRADE LONG WITH A TIGHT STOP LOSS AND PLAY SAFE.

 THE IMPORTANT THING TO BE KEPT IN MIND THAT MARKETS ARE STILL BULLISH AND THE LAST 30 MINUTE FALL OF WEDNESDAY MAY BE  THE CORRECTION TO THE TWO DAYS OF RISE OF MONDAY & TUESDAY . MOST OF THE BIG TRADERS MUST HAVE BOOKED PROFIT ON WEDNESDAY AND SHOULD BE WITH NO POSITION TILL START OF SEPTEMBER TO TAKE FRESH POSITIONS FOR THE NEXT SERIES.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 29 AUG NIFTY CONTINUES TO RISE AND MORE NEW HIGHS CAN BE EXPECTED TILL 12000 OR NEAR LEVELS BEFORE A PAUSE OR A MILD CORRECTION. THE BREAKOUT CANDLE OF MONDAY FOLLOWED BY GAP UP ON TUESDAY IS A PRE CURSER TO ANOTHER BIG RISE SUGGESTING TRADERS  TO LOOK FOR PAUSES AND MILD INTRADAY DECLINES TO BOLDLY BUY FOR GREAT GAINS IN COMING DAYS. FOR WEDNESDAY A RISE TO STAY ABOVE TUESDAY’S HIGHS OF 117761 SPOT & FUTURES IS LIKELY TO TRIGGER MASSIVE SHORT COVERING TOWARDS MUCH HIGHER LEVELS.

FOR INTRADAY TRADING ON WEDNESDAY, AS LONG AS NIFTY DOES NOT FALL AND MORE IMPORTANTLY FALLS TO STAY BELOW 11710 SPOT AND 11727 FUTURES, ALL DECLINES ARE TO BE BOUGHT WITH STOP LOSS BELOW 11700 SPOT AND FUTURES. TRADERS MUST KEEP IN MIND THE LARGER TIME FRAME OF WEEKLY AND DAILY CHARTS WHERE A DISTINCT  BULLISH CUP HANDLE FORMATION HAS BEEN MADE FOR HIGHER TARGET OF 11950 TO 12000 SPOT NIFTY LEVELS IN QUICK TIME. SO, LOOK FOR INTRADAY DECLINES TO BOLDLY BUY FOR VERY GOOD GAINS.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 28 AUG  THE BREAKOUT MOVE BY NIFTY AFTER TWO THREE DAYS OF PAUSE PROPELS IT ALTOGETHER INTO A DIFFERENT ORBIT THAT SHOULD EASILY SEE 11900 TO 12000 SPOT LEVELS IN QUICK TIME AS PER THE CUP HANDLE FORMATION IN THE WEEKLY AND DAILY CHARTS. LOOK FOR MILD INTRADAY DECLINE OR EVEN PAUSE TO ADD LONG POSITIONS TO SEE MUCH MORE NEW LIFE TIME HIGHS.

SELECT THE POPULAR STOCKS AND FUTURES  WHICH HAVE NOT MADE NEW LIFE TIME HIGHS DURING THE PRESENT ONE OR TWO WEEKS OF NIFTY’S UP MOVE &  DID NOT PARTICIPATE IN THE RALLY ON MONDAY TO BOLDLY BUY THESE STOCKS AND THEIR SEPTEMBER MONTH FUTURES FOR EXCELLENT GAINS IN THESE DURING THE NEXT FEW DAYS OF MONSTER RALLY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 27 AUG  NIFTY MADE LOWER HIGH, LOWER LOW AND LOWER CLOSING WHICH WAS THE EXACT SITUATION REQUIRED BY THE BULLS TO BUY THE DECLINES FOR GREATER GAINS. FOR MONDAY, A RISE TO BREACH AND CLOSE A CANDLE ABOVE FRIDAY’S HIGHS OF 11605 SPOT AND 11606 FUTURES WILL TRIGGER MASSIVE SHORT COVERING TOWARDS MUCH HIGHER LEVELS.

IN THE WEEKLY CHARTS OF NIFTY, A PERFECT BULLISH CUP HANDLE FORMATION  WITH THE WEEK ENDING 23RD MARCH AT 9951 SPOT AS THE CUP BOTTOM AND THE WEEKLY HIGHS OF WEEK ENDING  2ND FEB AT  11171, WEEKLY HIGHS OF 18TH MAY AT 10929 SPOT, 15TH JUNE AT  10893 SPOT & WEEK ENDING 6TH JULY HIGHS AROUND 10816 SPOT, ALL FORMING THE HIGHS OF THE CUP AND ITS HANDLE SHOULD SEE NIFTY SPOT RISING TOWARDS 11950 TO 12000 SPOT NIFTY LEVELS DURING SEPTEMBER. WELL, THERE WILL BE MANY PAUSES OR MILD CORRECTIONS IN BETWEEN TO DRIVE AWAY THE WEAKER HANDS, BUT ONLY TO RISE HIGHER AND HIGHER AFTER THE PAUSE OR MILD CORRECTIONS.

THE SWING LOW OF 11532 SPOT MADE ON FRIDAY IS GOING TO BE A STRONG SUPPORT ON A CLOSING BASIS AND THE 8 DAY EMA AROUND 11500 IS GOING TO BE A VERY STRONG SUPPORT ON A CLOSING BASIS. ONLY A SLIDE AND MORE IMPORTANTLY A CLOSE BELOW 11500 SPOT AND FUTURES CAN INFUSE THE INITIAL SCARE ELEMENT IN THE MINDS OF BULLS WHO OTHERWISE WILL JUMP INTO BUYING ANY DECLINE TOWARDS THE PREVIOUS DAYS LOWS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 24 AUG  NIFTY MADE HIGHER HIGH, HIGHER LOW AND HIGHER CLOSING THUS CONTINUES TO LOOK HIGHLY BULLISH. LOOK FOR DECLINES TO BREACH AND MORE IMPORTANTLY CLOSE A 30 OR A 15 MINUTE CANDLE BELOW THE PREVIOUS DAYS LOWS WHICH IS 11539 SPOT & 11553 FUTURES TO QUIT LONGS AND TRADE SHORT.

FOR INTRADAY TRADING ON FRIDAY, NIFTY FUTURE BREACHING AND STAYING BELOW 11570 IS THE INITIAL  SIGN OF WEAKNESS & MORE WEAKNESS COMES ON BREACH AND STAY BELOW THURSDAY’S LOWS OF 11553 FUTURES. ON THE HIGHER SIDE A BREACH OF THURSDAY’S HIGHS OF 11622 TO 11630 IS A SIGN OF STRENGTH FOR MUCH HIGHER LEVELS IN SPITE OF WEEKEND CONSIDERATIONS.

MARKETS FOR 23 AUG         NIFTY CONTINUES TO LOOK HIGHLY BULLISH OFFERING OPPORTUNITIES TO LOOK FOR INTRADAY DECLINES TO BOLDLY BUY BY HAVING STOP LOSS BELOW PREVIOUS DAYS LOWS ON A CLOSING BASIS. A TARGET OF 11625 SPOT AND 11650 FUTURES ARE VERY MUCH WITHIN THE STRIKING DISTANCE STAYING ABOVE WHICH CAN EVEN EYE FOR 11700 OR HIGHER LEVELS DURING THIS TRUNCATED WEEK ITSELF. FOR INTRADAY TRADING, HAVE STOP LOSS BELOW 11540 SPOT AND 11550 FUTURES  BETTER ON A 30 MINUTE CANDLE CLOSING BASIS AND USE INTRADAY DECLINES TO BUY. EXPECT VERY GOOD RISE IN PHARMA AND STEEL STOCKS BUT LOOK FOR DECLINES OR PAUSE TO BUY ONLY AND NOT TO BUY AFTER A BIG RISE.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 21 AUG NIFTY LOOKS HIGHLY BULLISH  & WILL MAKE MORE AND MORE NEW LIFE TIME HIGHS WITH MILD DECLINES OR PAUSES IN BETWEEN. FOR TUESDAY, HAVE STOP LOSS BELOW 11515 FUTURES AND USE INTRADAY DECLINES TOWARDS IT TO BUY.

INITIALLY A SLIDE TO BREACH 11555 WILL BE THE 1ST SIGN OF WEAKNESS AND A FALL TO STAY BELOW 11544 CAN SEE MORE WEAKNESS. ON THE HIGHER SIDE A RISE TO BREACH 11610 FUTURES AND MORE IMPORTANTLY STAY ABOVE IT WILL TRIGGER MASSIVE SHORT COVERING TOWARDS HIGHER LEVELS OF 11636 & 11650 FUTURES. A FAILURE TO BREACH AND STAY ABOVE 11610 CAN BE USED TO TRADE SHORT WITH A FEW POINTS AS STOP LOSS ABOVE IT. TECH STOCKS MAY OUTSHINE OTHERS.

MARKETS FOR 20 AUG AFTER MAKING A NEW LIFE TIME HIGH OF 11495 SPOT ON 9TH AUGUST , NIFTY TOOK A PAUSE FOR 3 DAYS AND IN THE PROCESS MADE A LOW NEAR 11340 SPOT ON 13TH AUGUST  AFTER WHICH THE UP MOVE HAS RESUMED THAT WILL SEE MANY MORE NEW LIFE TIME HIGHS WITH A DAY OR TWO OF PAUSES IN BETWEEN THAT WILL BE FOLLOWED BY MUCH BIGGER UP MOVES. THE SWING LOW MADE ON 13TH AUGUST AT 11340 SPOT CAN BE TREATED AS STOP LOSS ON A CLOSING BASIS BELOW IT AND EVERY PAUSE OR INTRADAY DECLINES ARE SOLID BUYING OPPORTUNITIES FOR FABULOUS GAINS.

ON FRIDAY 17TH AUGUST NIFTY MADE A HIGH OF 11486 SPOT & CLOSED AT 11470 AFTER FALLING SHORT OF ANOTHER NEW LIFE TIME HIGH ABOVE 13TH AUGUST HIGH OF 11495. MOST LIKELY MONDAY 20 AUGUST WILL SEE ANOTHER LIFE TIME HIGH EITHER AT THE START OR LATER IN THE DAY. INTRADAY TRADERS MUST HAVE STOP LOSS BELOW 11444 SPOT AND 11466 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS AND BUY DECLINES OR PAUSES FOR VERY GOOD GAINS.

FOR NIFTY FUTURE TRADERS, A RISE TO STAY ABOVE 9TH AUGUST LIFE TIME HIGHS OF 11505 TO 11515  FUTURES ZONE  WILL TRIGGER MASSIVE SHORT COVERING FOR MUCH HIGHER LEVELS TOWARDS 11550 OR MORE. A FAILURE TO BREACH AND MORE IMPORTANTLY STAY ABOVE THIS FUTURES ZONE CAN INVITE SHORTING INTEREST. HOWEVER AS LONG AS NIFTY FUTURES STAYS ABOVE 11460 THERE SHOULD BE NO FEAR AT ALL FOR SHORT TERM BUYERS WHO WOULD PREFER TO QUIT AND TRADE SHORT BELOW 11460 FUTURES. 

UPDATING WILL RESUME FROM 20th AUGUST

 UPDATING WILL RESUME FROM 16th AUGUST

MARKETS FOR 09 AUG  NIFTY  LOOKS MORE BULLISH AFTER THE BREAKOUT MOVE THAT CAME ON TUESDAY AFTER TWO DAYS OF PAUSE. USE DECLINES TOWARDS  11400 FUTURES  TO BOLDLY ADD TO THE LONG POSITIONS. INTRADAY TRADERS TRADING NIFTY FUTURES SHOULD LOOK FOR  DECLINES WHICH HAS TO COME TO BOLDLY BUY FOR VERY GOOD INTRADAY GAINS.

HAVE STOP LOSS BELOW 11388 FUTURES  BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO BOLDLY BUY DECLINES. ONLY A FAILURE TO BREACH AND STAY ABOVE 11500 FUTURES CAN BE USED TO TRADE SHORT WITH A TIGHT STOP LOSS ABOVE 11500 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 08 AUG NIFTY LOOKS HIGHLY BULLISH AFTER TWO DAYS OF PAUSE AROUND THE LIFE TIME HIGHS. THIS PAUSE OF TWO DAYS AFTER FRIDAY’S MEGA RISE IS THE IDEAL SETUP FOR ANOTHER MONSTER BREAKOUT UP MOVE  FOR WHICH DECLINES TOWARDS PREVIOUS DAYS ARE GOD-SENT OPPORTUNITIES TO BOLDLY TRADE LONG FOR EXCELLENT INTRADAY GAINS. SWING TRADERS HOLDING LONG POSITIONS FROM LAST WEEK SHOULD CONTINUE TO HOLD LONG POSITIONS WITH STOP LOSS BELOW  11270 SPOT & 11300  FUTURES ON A CANDLE CLOSING BASIS.

A RISE TO BREACH AND STAY ABOVE 11450 FUTURES IS A SIGN OF STRENGTH THAT MAY TRIGGER MASSIVE SHORT COVERING. AFTER THE RISE A SLIDE TO STAY BELOW 11410 IS THE INITIAL SIGN OF WEAKNESS  AND A SLIDE TO STAY BELOW 11390 FUTURES MAY SEE NIFTY FUTURES SLIDING TO RETEST TUESDAY’S LOWS OF 11376 BELOW WHICH 11355 TO 11350 FUTURES WILL SEE MONSTER BOUNCE COMING BIGGER THAN  TUESDAY’S BOUNCE FROM DAY LOW OF 11376 TILL 11432 FUTURES. AFTER THE SLIDE A RISE TO BREACH AND STAY ABOVE  11422 FUTURES CAN SEE THE INITIAL BOUT OF SHORT COVERING.

TRADERS ARE ADVISED TO COMPLETELY AVOID BUYING TRADES IN HIGHLY MANIPULATED FUTURES  OF ARVIND, BIOCON AND TATA MOTORS. THESE MAY BE VERY GOOD STOCKS FOR LONG TERM INVESTMENT BUT CERTAINLY NOT FOR TRADING SPECIALLY BUYING TRADES. THESE FUTURES WILL BE MADE TO RISE  ONCE IN A WEEK ON SOME FRAUDULENT NEWS & ONCE RETAIL BUYS THESE FUTURES THESE WILL BE PULLED DOWN BADLY BY MANIPULATORS. SEE THE BRIGHT  EXAMPLE OF ARVIND, BIOCON & TATA MOTORS IN LAST FEW DAYS. ONLY ONCE OR TWICE IN A WEEK ONE CAN MAKE MEAGER AMOUNT OF MONEY ON BUYING THESE FUTURES BUT MOST OF THE TIMES ONE LOSES AFTER BUYING THESE. SO, COMPLETELY IGNORE AND AVOID THESE HIGHLY MANIPULATED FUTURES FOR BUYING TRADERS. HOWEVER RISES CAN BE USED TO BRUTALLY SHORT THESE FUTURES FOR GREAT INTRADAY GAINS DAILY.

MARKETS FOR 07 AUG NIFTY MADE A HIGHER HIGH, HIGHER LOW AND A HIGHER CLOSING ON MONDAY AND FOLLOWED UP THE UP MOVE RESUMED FROM FRIDAY AFTER THE TWO DAYS OF PAUSE. MOST LIKELY THIS PATTERN OF HIGHER HIGH, LOW AND CLOSE WILL CONTINUE SUGGESTING INTRADAY DECLINES TO BOLDLY BUY FOR GOOD INTRADAY GAINS. SWING LONGS INITIATED FROM FRIDAY MAY BE HELD WITH  STOP LOSS BELOW THURSDAY’S SWING LOWS OF 11234 SPOT LEVELS.

FOR TUESDAY’S INTRADAY TRADING PURPOSE, A RISE TO BREACH AND MORE IMPORTANTLY CLOSE A 30 OR AT LEAST A 15 MINUTE CANDLE ABOVE MONDAY’S HIGHS OF 11447 FUTURES  IS A SIGN OF STRENGTH THAT CAN PROPEL NIFTY FUTURES TOWARDS MUCH HIGHER LEVELS LIKE 11460 OR EVEN 11480 OR HIGHER LEVELS. AFTER A RISE A SLIDE TO STAY BELOW 11414 FUTURES IS A SIGN OF WEAKNESS

A FAILURE TO RISE AND STAY ABOVE MONDAY’S HIGHS OF 11447 FUTURES CAN WEAKEN NIFTY FUTURES. A FAILURE TO RISE AND STAY ABOVE  MONDAY’S CLOSING LEVEL OF 11422 CAN BE THE EARLY INDICATION OF WEAKNESS TO FALL AND RETEST MONDAY’S LOWS OF 11386 STAYING BELOW WHICH ONLY CAN WEAKEN NIFTY FUTURES CONSIDERABLY FOR MUCH LOWER LEVELS.

 TRADERS MUST KEEP IN MIND THAT IT IS THE BREACH AND STAY WHICH IS  IMPORTANT AND NOT THE MERE BREACH  TO TRIGGER STOP LOSSES. A SLIDE TO STAY BELOW MONDAY’S LOWS OF 11386 CAN SEE LOWER FUTURE LEVELS OF 11372,11366 OR EVEN 11350 FUTURE LEVELS BEFORE SOLID BUYING RESUMES. AFTER A FALL , A RISE  TO STAY ABOVE 11422 CAN BE THE EARLY SIGN OF STRENGTH THAT MAY TRIGGER SHORT COVERING.

 

MARKETS FOR 06 AUG NIFTY AFTER TWO DAYS OF PAUSE TOOK OFF AGAIN TOWARDS HIGHER LEVELS AND MAY CONTINUE TO SEE MUCH HIGHER LEVELS WITH SIMILAR PAUSES OF DAY OR TWO IN BETWEEN. HENCE FRESH LONGS INITIATED ON FRIDAY  ABOVE THURSDAY’S RED CANDLE HIGH OF 11344 FUTURES CAN BE HELD AND DECLINES CAN BE USED TO ADD LONGS WITH STOP LOSS BELOW THURSDAY 2ND AUGUST LOWS OF 11274 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 03 AUG NIFTY FUTURE OPENED GAP DOWN  AT 11344 VERY NEAR THE LOW OF WEDNESDAY AT 11341. THE GAP DOWN OPEN BEING HIGH OF THE DAY WAS A VERY CLEAR TECHNICAL INDICATION TO QUIT ALL LONGS AND TRADE SHORT. SHORTS ARE HELD AND CARRIED OVER  AND WILL ONLY BE REVERED FOR  LONGS AGAIN ONLY IF NIFTY FUTURE RISES TO BREACH AND CLOSE ABOVE 11350 FUTURES. TILL THIS HAPPENS EVERY RISE IS TO BE SHORTED  WITH VIGOR TILL A TURN AROUND TAKES PLACE TO CLOSE ABOVE THURSDAY 2ND  AUGUST HIGHS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 02 AUG INDICES CONTINUE TO MAKE HIGHER LOWS AND HIGHER HIGHS TYPICAL OF A FRESH BREAKOUT UP MOVE AFTER THE BIG CORRECTION OF NEARLY 6 MONTHS. THE PAUSE ON TUESDAY WAS THE RIGHT SETUP AFTER SO MANY DAYS OF RISE AND THE PAUSE SETS THE TONE FOR ANOTHER SERIES OF UP MOVES. THIS PATTERN WILL CONTINUE THAT WILL SEE MORE AND MORE PEOPLE ENTERING THE MARKETS ON INTRADAY DECLINES. ONLY ON BREACH AND MORE IMPORTANTLY A CLOSE BELOW PREVIOUS TWO DAYS LOWS WILL BE THE SIGNAL FOR BIGGER CORRECTION OR RESUMPTION OF THE DOWN MOVE.

NIFTY NOW IS HEADED FOR MUCH HIGHER LEVELS IN NEXT FEW DAYS  WITH MILD PAUSES AND CORRECTIONS IN BETWEEN. HAVE TRAILING STOP LOSS BELOW 30 JULY LOWS OF 11260 SPOT ON A CLOSING BASIS AND USE EVERY INTRADAY DECLINE TOWARDS 11300 SPOT  OR PREVIOUS DAYS LOWS TO BUY FUTURES AND CALLS. FOR HEDGING PURPOSE ONE MAY WRITE CALLS OF 11400 IF HOLDING SWING LONGS AFTER NIFTY BREACHED EARLIER LIFE TIME HIGHS OF 11171 SPOT.. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 01 AUG TUESDAY SAW SENSEX RISING  FOR THE 8TH CONSECUTIVE DAY AND STILL LOOKS ROBUST FOR SOME MORE RISE. ALL SWING LONG HOLDERS SHOULD HOLD THE SWING LONGS WITH STOP LOSS MUST BELOW 11270 SPOT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT. MOST LIKELY RBI IS GOING TO PLAY SPOILSPORTS FOR THE BULLISH MOMENTUM THAT MAY PUT A BREAK TO THE UP MOVE. IF THAT HAPPENS ONE MAY EXPECT A PAUSE OR MILD CORRECTION FOR A FEW DAYS BEFORE THE RESUMPTION OF THE UP MOVE.

AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW 10920 SPOT FOR A DAY OR TWO THE BREAKOUT UP MOVE SHOULD CONTINUE TOWARDS MUCH HIGHER LEVELS COMPLETELY DISREGARDING  THE EARLIER BEARISH OUTLOOK THAT WE CARRIED A FEW WEEKS BEFORE.AS OF NOW NIFTY CERTAINLY LOOKS MEGA BULLISH EVEN THOUGH THE VOLUME OF LAST THREE DAYS HAVE BEEN COMPARATIVELY MUCH LOWER COUPLED WITH DIVERGENCES BETWEEN PRICE AND CRITICAL INDICATORS.

FOR INTRADAY TRADING ON WEDNESDAY, NIFTY FUTURES SLIDING TO STAY BELOW 11350 MAY BE THE FIRST SIGN OF INTRADAY WEAKNESS AND FURTHER SLIDE TOWARDS 11033 CAN SEE NIFTY FUTURES BEING ATTRACTED TOWARDS TUESDAY’S LOWS OF 11290 WITH A SPRING BOARD JUMPING ACTION AROUND 11011. A CLOSURE OF A 30 MINUTE CANDLE OR EVEN A 15 MINUTE CANDLE BELOW 11011 FUTURES MAY TRIGGER PANICKY AMONG HALF HEARTED BULLS TO POCKET WHATEVER POSSIBLE AND RUN AWAY.

ON THE HIGHER SIDE, PSYCHOLOGICAL LEVEL OF 11400 MAY POSE AS A RESISTANCE , A BREACH AND STAY ABOVE WHICH MAY SEE ANOTHER 40 TO 50 POINT SHORT COVERING INTRADAY RISE WHICH MAY EVEN INVITE HARD CORE BEARS TO JOIN THE BULLS PARTY ONLY TO BE DISAPPOINTED A LITTLE LATER REPENTING AS TO WHY DID THEY JOIN HANDS WITH THE HEFTY BULLS. JUST IGNORE DOW & HIGHLY MANIPULATED SGX NIFTY, EVEN MERE LOOKING AT THESE WILL MISGUIDE TRADERS.

 

IMPORTANT POINTS FOR OPTION TRADERS

 

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

  

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

     

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

      

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

      

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

      

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

 

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

 

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

 

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

 

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

 

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

 

 

 

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

 

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