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MARKETS  FOR 24 OCT 2018

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                     

 

 

 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.

MARKETS FOR 31 JULY THE BREAKOUT UP MOVE ABOVE PREVIOUS LIFE TIME HIGHS OF 11171 SPOT CONTINUES & WILL CONTINUE WITH MINOR PAUSES OR MILD CORRECTIONS WHICH ARE GOING TO BE GOD SENT OPPORTUNITIES TO BUY AND ONLY BUY. U S MARKETS ARE RIPE FOR ANOTHER DOSE OF RHETORIC FROM TRUMP THAT WILL PULL THE WORLD MARKETS DOWN, IF THIS HAPPENS THEN USE IT TO ADD ON TO THE LONG POSITIONS. JUST IGNORE DOW & HIGHLY MANIPULATED SGX NIFTY & FOCUS ON OWN MARKETS.

ALL SWING LONGS INITIATED ON THURSDAY AFTER NIFTY BREACHED LIFE TIME HIGHS OF 11171 SPOT SHOULD BE HELD AND STOP LOSS BE BROUGHT UP TO JUST BELOW 11250 SPOT & 11270 FUTURES AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS & NOT MERE BREACH OF THESE LEVELS. USE GAP DOWNS OR SLIDES TOWARDS THESE LEVELS TO ADD ON TO THE LONG FUTURE POSITIONS. (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 JULY THE MONSTER WEEKLY CANDLE OF NIFTY, THE LARGEST WEEKLY GREEN CANDLE SINCE FEB 2017 DEPICTS THE BREAK OUT POWER OF NIFTY. NOT ONLY IT DID SHOOT PAST THE EARLIER LIFE TIME HIGHS OF 11171 SPOT BUT ALSO BEAT IT HOLLOW BY MORE THAN 100 POINTS TO MAKE ANOTHER NEW LIFE  TIME HIGH OF 11283 TO CLOSE VERY NEAR THE WEEKLY HIGH OF 11278 SPOT.

ALL SWING LONGS INITIATED BY SWING TRADERS MUST BE HELD WITH MUST STOP LOSS BELOW 11211 SPOT  ON A DAILY CANDLE CLOSE BASIS ALTHOUGH 11088 SPOT IS THE MAGIC NUMBER  BREACH AND CLOSE BELOW WHICH ONLY SHOULD FORCE ONE TO RE MOULD  THE MIND TOWARDS  BEARISH SENTIMENTS AGAIN OTHERWISE IT IS BULLISH EVERYWHERE AS PER THE PRESENT SETUP.

ALTHOUGH INDEX HEAVIES RELIANCE AND ICICI BANK CAME OUT WITH LUKEWARM RESULTS, YET THE BULLISH COMMENTS BY EXPERTS SHOULD SEE THESE INDEX HEAVIES GIVING A WELL DISGUISED & DECEPTIVE PUSH TO THE INDICES BEFORE THE OVERBOUGHT LOOKING DAILY INDICATORS FINALLY SAY ENOUGH IS ENOUGH THAT WOULD TRIGGER THE CORRECTIVE PHASE  CERTAINLY SOMETIMES IN AUGUST.

HOWEVER AS OF NOW, HOLDERS OF SWING LONGS AND BOUGHT LOWER CALLS HOLDERS  NEED NOT WORRY AT ALL AS LONG AS SPOT NIFTY CONTINUES TO TRADE ABOVE 24TH JULY BREAK OUT CANDLE LOWS OF 11088 SPOT. EVEN A BREACH AND MORE IMPORTANTLY A CLOSURE OF A DAILY CANDLE BELOW THE NEW LIFE TIME HIGH MAKING 27TH JULY CANDLE LOWS OF 11211 SPOT IS GOOD ENOUGH TO START QUITTING  LONGS OR START HEDGING THE LONGS BY WRITING HIGHER CALLS. TILL THESE HAPPEN, IT IS WISER TO LOOK FOR INTRADAY DECLINES TOWARDS PREVIOUS DAY’S LOWS OR EVEN INTRADAY  PAUSES TO BOLDLY TRADE LONG FOR INTRADAY 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 27 JULY AFTER THE EXPECTED MILD PAUSE OF WEDNESDAY, NIFTY TOOK OFF SKYWARDS ON THURSDAY  AND AS LONG AS 11123 SPOT AND 11150 FUTURE ARE NOT VIOLATED  BY CLOSURE OF A 30 MINUTE CANDLE BELOW EACH OF THESE LEVELS, EVERY INTRADAY DECLINE  WHICH COMES ALMOST DAILY MUST BE USED TO BOLDLY BUY FUTURES AND LOWER CALLS. HEDGING SHOULD BE DONE BY WRITING HIGHER CALLS OF 11200 OR HIGHER.

AFTER THE BIG RISE IN NIFTY DURING THE JULY SERIES, FROM LAST EXPIRY 28TH JUNE LOWS OF 10557 SPOT TILL 26TH JULY EXPIRY DAY HIGH OF 11185 SPOT, A RISE OF NEARLY 628 POINTS, ONE IS INCLINED TO SHED SOME OF THE BEARISH VIEWS ON INDIAN MARKETS EVEN THOUGH IT IS NOT ENTIRELY OUT OF THE WOODS AND ON ANY DAY CAN SPRING A SURPRISE BY RESUMING THE BEAR RUN. BUT TILL SUCH TIME MARKET IS ON THE RISE, RIDE THE BULL RUN AND MINT MONEY TILL IT PROVES OTHERWISE.

ALTHOUGH DOW’S OVERNIGHT RISE COUPLED WITH A MANIPULATED SURGE IN SGX NIFTY WILL HAVE NO IMPACT ON INDIAN MARKETS, YET ONE SHOULD HAVE A BULLISH BIAS ON INDIAN MARKETS AND TRADE LONG ON INTRADAY DECLINES. STOP LOSS MUST BE BELOW 11123 SPOT AND 11150 FUTURES .

FOR INTRADAY TRADING PURPOSE ONE SHOULD NORMALLY EXPECT A GAP UP BUT WHETHER THE GAP UP SUSTAINS OR NOT, HAS TO BE SEEN AS DAILY AND INTRADAY INDICATORS HAVE STARTED TO DISPLAY OVERBOUGHT SIGNALS.IN ANY CASE NIFTY FUTURES BREACHING AND STAYING  BELOW 11180 WILL BE FIRST SIGN OF WEAKNESS TO START REDUCING LONG POSITIONS & A SLIDE TO CLOSE A 30 MINUTE CANDLE BELOW 11150 FUTURES IS A SIGNAL TO TRADE SHORT. (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 26 JULY EXPIRY DAY , SO, NO FRESH TRADE IS BEST TRADE FOR THE DAY. IF STILL WANT TO TRADE THEN WAIT AND WAIT FOR SUFFICIENT DECLINE IN NIFTY TO BOLDLY BUY AUGUST FUTURES AND WITH IT MERCILESSLY SHORT AUGUST 11200 & HIGHER CALLS ON NIFTY RISE.

GENERALLY TECHNICALS DO NOT WORK WELL ON THE EXPIRY DAY AND EXACTLY OPPOSITE HAPPENS WHATEVER THE TECHNICALS INDICATE. SELL NIFTY  IN CASE NIFTY IS PULLED DOWN & CLOSES A 30 MINUTE CANDLE BELOW 11111 SPOT AND DOUBLE SELL IN CASE NIFTY FALLS & STAYS BELOW 11088 SPOT. ON THE HIGHER SIDE, ONLY A RISE AND STAY ABOVE 11150 SPOT WILL TRIGGER SHORT COVERING RISE. THE RECTANGLE BREAKOUT TARGET OF 11222  WILL SURELY COME BUT ONE HAS TO WAIT PATIENTLY  FOR THE COMING WEEK AFTER THE EXPIRY GETS OVER.

AVOID BUYING HIGHLY MANIPULATED STOCKS LIKE BIOCON, TATA MOTORS, AURO PHARMA AND OTHER PHARMA & AUTO STOCKS SPECIALLY BIOCON AND TATAMOTORS WHICH ARE ON THEIR CREMATION JOURNEY. IF BUYING THEN BRUTALLY SHORT THEIR DEEP OUT OF THE MONEY CALLS OF AUGUST SERIES TO AT LEAST POCKET THE HEFTY PREMIUM ON THEIR OUT OF THE MONEY CALLS.

 

MARKETS FOR 25 JULY NIFTY HAD 3 CONSECUTIVE DAYS OF BULLISH CANDLES AND STILL LOOKS HIGHLY BULLISH FOR SOME MORE UP SIDE. THE BREACH OF UPPER SIDE OF RECTANGLE FORMATION IN 30 MINUTE CHART OF NIFTY FORMED BY JOINING THE LOWS OF 11TH JULY,17TH AND 19TH JULY AS BASE AND JOINING THE HIGHS OF  12TH JULY,18TH &  23RD JUL AS THE UPPER SIDE . NIFTY HAD A DISTINCT GAP UP BREAK OUT ON 24TH JULY THAT SHOULD SEE NIFTY EASILY MOVING UP AT LEAST BY 150 POINTS (HEIGHT OF RECTANGLE FROM BASE AROUND 10926 TILL HIGH OF RECTANGLE AROUND 11076) FROM THE BREAK OUT POINT OF 11076 TOWARDS 11226 IN QUICK TIME.

ANY PAUSE OR DECLINE IS A GOLDEN BUYING OPPORTUNITY TO AT LEAST SEE THE TARGET OF 11226 SPOT IN QUICK TIME. STOP LOSS CAN BE BELOW TUESDAY’S LOWS OF 11090 SPOT  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 24 JULY NIFTY CLOSED THE DAY  AT  11079 SPOT & 11095 FUTURES ABOVE THE EARLIER SWING HIGHS OF 12TH JULY LEVELS OF 11078 SPOT & 11069 FUTURES WHICH CERTAINLY IS A BULLISH SIGNAL SUGGESTING TRADERS TO BOLDLY BUY ON INTRADAY DECLINES OR INITIAL PULL DOWN INFLICTED BY HIGHLY MANIPULATED SGX NIFTY IN THE MORNING OF TUESDAY. HAVE STOP LOSS BELOW 11055 SPOT AND FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS AND BOLDLY BUY ON PULL DOWN TOWARDS THESE LEVELS.

 WITH SENSEX HAVING MADE NEW LIFE TIME HIGHS, IT IS JUST A MATTER OF TIME NIFTY TOO MAKE NEW LIFE TIME HIGHS ABOVE 29TH JANUARY HIGHS OF 11171 ON OR BEFORE THE JULY EXPIRY. SO USE DECLINES AS GOLDEN OPPORTUNITY TO BUY DECLINES. (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 23 JULY NIFTY CLOSED THE WEEK ON A FLATTISH NOTE THAT MAY BE REPEATED FOR THE COMING EXPIRY WEEK TOO. TECHNICALLY, NIFTY TOOK A WEEKLY PAUSE AFTER THE MONSTER WEEKLY BREAKOUT GREEN CANDLE FOR THE WEEKENDING 13TH JULY.

FOR THE COMING WEEK, EXPECT NIFTY TO MOVE SIMILAR TO THIS WEEK BUT WITH A BULLISH BIAS. AS LONG AS NIFTY DOES NOT FALL BELOW OR MORE IMPORTANTLY DOES NOT CLOSE EVEN A 30 MINUTE CANDLE BELOW 10909 SPOT & 10929 FUTURES, EVERY INTRADAY DECLINES SIMILAR TO THIS WEEK IS A BUYING OPPORTUNITY FOR GOOD GAINS. A FALL TO CLOSE AT LEAST A 30 MINUTE CANDLE BELOW 10909  SPOT & 10929 FUTURES CAN BE USED TO QUIT ALL LONG FUTURES AND TRADE SHORT  AND ALONG WITH SHORT TRADES DOUBLE SHORT THE ALREADY HELD SHORTED 11000 CALLS.

SIMILARLY ON THE HIGHER SIDE A RISE BY NIFTY TO BREACH AND CLOSE A CANDLE ABOVE 11080 SPOT AND FUTURES IS A BULLISH INDICATION THAT WILL TRIGGER MASSIVE SHORT COVERING FOR MUCH HIGHER 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 20 JULY NIFTY CLOSED FLAT AROUND WEDNESDAY’S LEVELS & ALL THOSE WHO BOUGHT THE DECLINES TOWARDS TUESDAY’S LOWS, MADE EXCELLENT INTRADAY GAINS BY END OF THE DAY. INITIALLY A FAILURE BY NIFTY FUTURES TO REACH AND BREACH OUR EARLIER GIVEN MAGIC LEVEL OF 11011 FUTURES GAVE SHORTING TRADES FOR GOOD INTRADAY GAINS.

FOR FRIDAY ALSO, LOOK FOR  THURSDAY TYPE DECLINES TO BOLDLY BUY WITH STOP LOSS BELOW MONDAY 16TH JULY LOWS OF 10925 SPOT &  FUTURES ON A CANDLE CLOSING BASIS. MOST LIKELY NIFTY WILL  BOUNCE IN CASE IT SLIDES TOWARDS OR BELOW THURSDAY’S LOWS OF  10935 SPOT AND 10942 FUTURES.DOW HAS TO FALL TONIGHT AFTER 5 CONSECUTIVE DAYS OF RISES. USE ANY DOW AFFECTED OR HIGHLY MANIPULATED SGX NIFTY INFLICTED INITIAL FALL TO BUY.

LAST WEEK NIFTY HAD CLOSED AT 11018 SPOT & 11020 FUTURES. SINCE LAST WEEK’S CANDLE WAS A HIGHLY BULLISH BREAKOUT CANDLE  AND SINCE MOST OF THE RETRACEMENTS TO THE LAST WEEK’S PRICE RANGE HAS BEEN DONE DURING THIS WEEK, THERE IS EVERY POSSIBILITY OF SOLID BOUNCE ON FRIDAY & IN CASE MANIPULATORS SUPPRESS NIFTY ON FRIDAY, THEN INITIAL DAYS OF COMING WEEK MAY SEE VERY GOOD RISE IN NIFTY. SO, ON FRIDAY LOOK FOR THURSDAY TYPE DECLINES TOWARDS PREVIOUS DAY’S LOWS  TO BOLDLY BUY FOR GOOD INTRADAY GAINS DURING THE DAY OR BY END.

MARKETS FOR 19 JULY NIFTY MADE A HIGHER HIGH, HIGHER LOW AND A LOWER CLOSING. THE SUDDEN FALL AND LOWER CLOSING WAS PERHAPS DUE TO THE  NEWS OF NO CONFIDENCE MOTION MOVED BY THE OPPOSITION IN THE PARLIAMENT WHICH CARRIES NO MEANING AS BJP WILL CERTAINLY WIN NOT ONLY THE NO TRUST VOTING WITHIN 10 DAYS BUT ALSO WILL STRENGTHEN ITS POSITION TO WIN THE COMING 2019 LOK SABHA ELECTIONS WITH A THUMPING MAJORITY. SO, SUDDEN FALLS OF THIS NATURE ARE BUYING OPPORTUNITY FOR GOOD INTRADAY GAINS.

FOR THURSDAY, LOOK FOR MINOR DECLINES TOWARDS WEDNESDAY’S OR TUESDAY’S LOWS TO BOLDLY BUY NIFTY FUTURES AND BNF  FOR GOOD INTRADAY GAINS. STOP LOSS SHOULD BE BELOW MONDAY’S LOWS OF 10926 SPOT AND 10931 FUTURES BUT MUST ON A 30 MINUTE CANDLE CLOSING BASIS & NOT MERELY  BREACH OF MONDAY’S OR TUESDAY’S LOWS.

AFTER A PAUSE OR SLIDE OR LACK LUSTER FLAT IN NIFTY, IN CASE NIFTY RISES AND STAYS ABOVE 11011 SPOT AND FUTURES, THEN ONE CAN EXPECT MASSIVE SHORT COVERING TO AGAIN PROPEL NIFTY TOWARDS 11050 INITIALLY FOLLOWED BY EVEN RETEST OF  WEDNESDAY’S HIGHS. SO, LOOK FOR INTRADAY DECLINES TO BUY. DOW HAVING GONE UP FOR 5 CONSECUTIVE DAYS MAY PAUSE OR CORRECT DOWNWARDS OR MAY TAKE A PAUSE THAT MAY ADVERSELY IMPACT ASIAN AND MORE SO OUR PANICKY STRICKEN INDIAN MARKETS WHICH SHOULD BE USED TO BUY FOR INTRADAY GAINS.

MARKETS FOR 18 JULYTHE WAY NIFTY BOUNCED  FROM OPENING LOWS TO REACH TILL PREVIOUS DAY’S HIGH TO CLOSE IN THE FORM OF A TWIN TOWER CANDLE IS A SIGN OF STRENGTH THAT NULLIFIES MONDAYS BEARISH CANDLE AND MAY CONFINE TO AND MOVE AS PER WEEKLY BULLISH INDICATIONS  FOR MOVING UPWARDS. MONDAY’S DOWN MOVE WITH LOW VOLUME WAS PERHAPS  JUST THE ONE OFF BEARISH DAY WITHIN THE OVERALL BULLISH INDICATION.

HOWEVER A SLIDE BY NIFTY TO BREACH  10088 SPOT & 11008 FUTURES TO CLOSE EVEN A 15 MINUTE CANDLE BELOW THESE LEVELS WILL SEE FURTHER FALLS. SIMILARLY A FOLLOW UP RISE ON WEDNESDAY TO BREACH 11050 SPOT AND FUTURES TO CLOSE A 15 MINUTE CANDLE ABOVE IT CAN SEE FURTHER UPSIDE TOWARDS NEW SWING HIGHS OF 11078 SPOT AND 11069 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 17 JULY TECHNICALLY, NIFTY LOOKS WEAK ON BREACHING  AND MORE IMPORTANTLY CLOSING BELOW WEEKLY HIGH MAKING 12TH JULY DAILY CANDLE LOWS OF 10999 SPOT & 10976 FUTURES. SWING SHORTS INITIATED ON NIFTY FUTURES BELOW THESE LEVELS BE HELD WITH STOP LOSS ABOVE 12TH JULY SWING HIGHS OF 11077 SPOT & 11069 FUTURES ON A CLOSING BASIS TO QUIT SHORTS AND REVERSE FOR LONG TRADES. OPTION WRITERS OF 11000 CALLS WHO INITIATED SHORTS TODAY CAN CONTINUE HOLDING THE SHORTED 11000 CALLS TILL NIFTY  BREACHES AND CLOSE ABOVE 11077 SPOT.

FROM 28TH JUNE SWING LOWS OF 10557 SPOT & FUTURES NIFTY HAS GONE UP TILL 12TH JULY SWING HIGHS OF 11078 SPOT & 11069 FUTURES WHICH WAS MORE THAN 500 POINTS. NIFTY WILL AT LEAST CORRECT DOWN TO VARIOUS FIBO LEVELS OF 38.2%  TILL 10878 SPOT & 10874 FUTURES, 50% TILL 10818 SPOT & 10813 FUTURES & 61.8% TILL 10758 SPOT & 10753 FUTURES. IN CASE THE RETRACEMENT RISE IS OVER THAN ONE CAN CONFIDENTLY HOPE FOR MUCH LOWER LEVELS AS PART OF THE MEGA BEAR MARKETS. (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 16 JULY THE WEEKLY CLOSURE OF NIFTY AT 11018 IN THE FORM OF A MONSTER WEEKLY GREEN CANDLE HIGH ABOVE PREVIOUS WEEK’S HIGH OF 10816 AND BREACHING AND CLOSING ABOVE ITS EARLIER 15TH MAY  SWING HIGH OF 10929 IS A SIGN OF GREAT STRENGTH ON A WEEKLY BASIS SUGGESTING TRADERS TO LOOKF FOR DECLINES OR FRIDAY TYPE PAUSE FOR A DAY OR TWO MORE TO BOLDLY BUY FOR GOOD GAINS PURELY ON THE STRENGTH OF WEEKLY CHARTS.BUT REMEMBER , IN INDIAN STOCK MARKET WHEN THINGS LOOK HIGHLY BULLISH  THE MANIPULATORS PLAY THEIR NASTY GAME OF PULLING DOWN THE MARKETS TO WEED OUT WEAKER HANDS & ALSO  TRAP THE BULLS  & WHEN IT LOOKS HIGHLY BEARISH AND WEAK THEN THE MANIPULATORS SPRING INTO ACTION TO LIFT IT UP TO TRAP THE BEARS.

IN THE DAILY CHARTS THE GREEN INVERTED HAMMER OF THURSDAY 12TH JULY IS A CRITICAL CANDLE AS IT HAD MADE THE WEEKLY HIGH. HENCE A DAILY CLOSE OF NIFTY SPOT BELOW THE 12TH JULY INVERTED HAMMER LOW OF 10999 SPOT & 10976 FUTURES CAN QUICKLY CONVERT THE BULLS INTO BEARS TO JOIN HANDS IN SHORTING THE MARKETS OUT OF SHAPE. SO HAVE A CLOSE WATCH ON 10999 SPOT AND 10976 FUTURES. ON CAN PLAN TO BUY TOWARDS IT WITH STOP LOSS BELOW IT ON A CLOSING BASIS TO QUIT LONGS AND TRADE SHORT.

FOR INTRADAY TRADING PURPOSE ON MONDAY, NIFTY FUTURES CLOSING A 30 MINUTE CANDLE BELOW 11005 TO 10995 FUTURES IS A SIGN OF WEAKNESS TO GO SHORT AND MORE SHORTS BE ADDED IN CASE LAST THURSDAY’S LOWS OF 10976 FUTURE IS BREACHED AND A 30 MINUTE CANDLE CLOSES BELOW IT. AFTER A FALL A RISE TO BREACH AND STAY ABOVE 11025 FUTURES IS A SIGN OF STRENGTH BUT REAL STRENGTH THAT MAY TRIGGER MASSIVE SHORT COVERING MAY COME ON BREACHING AND STAYING ABOVE 11040 TO 11050 FUTURES. STOCKS WHICH HAD FALLEN BADLY DURING LAST WEEK MAY SHOW SUBSTANTIAL RECOVERY THIS WEEK IN CASE NIFTY  SUSTAINS ABOVE 11050 FUTURES.

MARKETS FOR 13 JULY “FRIDAY THE 13TH “ , LETS SEE HOW THIS PLAYS OUT ON FRIDAY. SHOULD BE BULLISH AGAIN TO AT LEAST RETEST THURSDAY’S HIGHS.

NIFTY MADE ANOTHER HIGH AND MOST LIKELY AFTER A PAUSE SHOULD BREACH ALL TIME HIGHS OF 11171 SPOT IN NEAR FUTURE SINCE SENSEX THE CLEANER INDEX HAS ALREADY MADE A NEW LIFE TIME HIGH ON THURSDAY 12 JULY. NIFTY HAS MOVED EXACTLY AS PER OUR SUGGESTIONS AS CAN BE SEEN DURING PREVIOUS DAYS BELOW, GIVING HANDSOME GAINS.

WITHOUT WAITING FOR THE NEW LIFE TIME HIGHS IN NIFTY, PROFIT HAS BEEN BOOKED IN ALL LONG POSITIONS  IN  NIFTY FUTURES NEAR 11050 ON THURSDAY AND FRESH TRADING WILL RESUME FROM MONDAY. A GOOD BREAK AFTER GOOD PROFITS ALWAYS PRESERVES THE GAINS WHICH IS THE SECRET OF SUCCESS IN  NIFTY & BNF TRADING.

MARKETS FOR 12 JULY NIFTY TOOK A PAUSE AFTER TWO DAYS OF BIG RISE THAT MADE NIFTY TO BREACH THE CRITICAL 15TH MAY SWING HIGHS OF 10929 SPOT  AND CLOSE ABOVE IT FOR TWO DAYS IN A ROW THAT TECHNICALLY IS A BULLISH SIGNAL FOR HIGHER LEVELS AS PART OF THE RETRACEMENT RISE. HOWEVER , WHETHER THIS RISE TO CLOSE ABOVE THE SWING HIGH OF 10929 SPOT IS A WELL COORDINATED TRAP FOR THE BULLS OR A GENUINE  ONE,  WILL BE KNOWN IN NEXT FEW DAYS.

 USE DECLINES TO BOLDLY TRADE LONG WITH STRICT STOP LOSS BELOW 10909 TO 10900 SPOT ZONE BUT IMPORTANT FACTOR IS QUIT, REVERSE & TRADE SHORT, ONLY IN CASE A CANDLE CLOSES BELOW THIS ZONE, OTHERWISE EVERY INTRADAY DECLINE TOWARDS THIS ZONE IS A BUY LIKE WAS DONE ON WEDNESDAY. FOR EVERY LONG POSITION OF NIFTY FUTURES, BOLDLY WRITE HIGHER CALLS OF 10900 AND 11000  TO POCKET THE HEFTY PREMIUM ON THESE CALLS BY HOLDING ON TO THE LONG FUTURES.

DO NOT BOTHER MUCH FOR DOW OR SGX, JUST FOCUS ON OWN PREMARKET LEVELS BETWEEN 9 AM TILL 9.08 AM TO DECIDE ON THE OPEN OF NIFTY AT 9.15 AM. DOW AFTER SO MANY CONSECUTIVE DAYS OF RISE HAS TO CORRECT THAT MAY SEE ASIAN INDICES SHIVERING IN THE MORNING. BE SURE DOW WILL BE PULLED DOWN FURTHER ON WEDNESDAY NIGHT ALSO TO THREATEN ASIAN MARKETS AGAIN SIMILAR TO WEDNESDAY MORNING. USE THESE EXTERNALLY INFLUENCED DECLINES TO BUY.

TECHNICALLY NIFTY SHOULD MOVE UP, RETEST& BREACH WEDNESDAY’S HIGHS EVEN IF PULLED DOWN INITIALLY  SIMILAR TO WEDNESDAY.  AFTER THE OPEN, A SLIDE BELOW WEDNESDAY’S LOWS OF 10918 FUTURES IS A SIGN OF WEAKNESS BUT ONLY IF CLOSES A CANDLE BELOW IT. ON THE HIGHER SIDE A RISE TO BREACH AND STAY ABOVE 10960 FUTURES  IS A SIGN OF STRENGTH AND CAN TRIGGER SHORT COVERING IN CASE WEDNESDAY’S HIGH OF 10966 FUTURE IS BREACHED.

BEST IS, LOOK FOR INTRADAY DECLINES TO TRADE LONG WITH A STOP LOSS BELOW  WEDNESDAY’S LOWS ON A 30 MINUTE CANDLE CLOSING BASIS OR A CLOSE BELOW 10909 TO 10900 ZONE TO TRADE SHORT. DAILY AND WEEKLY TECHNICALS ARE GIVING STRONG BUY SIGNALS AND MUST BE USED TO BUY DECLINES.

MARKETS FOR 11 JULY THE RETRACEMENT RISE CONTINUES AND WILL CONTINUE AS LONG AS SPOT NIFTY DOES NOT FALL BELOW AND MORE IMPORTANTLY FALLS TO CLOSE A 30 MINUTE CANDLE BELOW 10909 BOTH SPOT & FUTURES. IF THIS HAPPENS THEN IT MAY SIGNAL THE END TO THE RETRACEMENT RISE FOR CONTINUATION OF THE BEAR RUN. A FAILURE ON THE FOLLOW UP RISE ON ANY SESSION TO SEE NIFTY FALLING & STAYING BELOW 10900 SPOT & FUTURES IS A SELL SIGNAL.

MOST LIKELY ALL ATTEMPTS WILL BE MADE TO SEE THAT NIFTY APPROACHES AND EVEN BREACH 29TH JANUARY ALL TIME HIGHS OF 10171 OR EVEN BREACH IT SLIGHTLY BEFORE THE RESUMPTION OF THE FALL. BUT TILL THAT HAPPENS, REMAIN LONG IN THE MARKETS WITH STOP LOSS BELOW 10900 ON A CLOSING BASIS. HAVE THIS CLOSING BASIS STOP LOSS IN MIND & USE DECLINES TOWARDS THIS LEVEL TO BUY & ONLY BUY FUTURES. HEDGING  CAN BE DONE BY WRITING 10900 AND HIGHER CALLS ON RISE TO POCKET THE PREMIUM ON THESE BY BOLDLY HOLDING AND ADDING LONG FUTURES ON DECLINES.

 TMARKETS FOR 10 JULY NIFTY’S CLOSING AT 10849 SPOT & 10859 FUTURES HIGH ABOVE THE HIGHS OF FRIDAY CERTAINLY MAKES NIFTY LOOK MORE BULLISH EVEN THOUGH THE VOLUME OF NIFTY FUTURES ON MONDAY WAS LOWEST VOLUME SINCE 19TH JUNE. A FOLLOW UP ACTION ON TUESDAY CAN TRIGGER FURTHER SHORT COVERING FOR HIGHER LEVELS TOWARDS 15TH MAY SWING HIGHS OF 10929 SPOT & 10948 FUTURES. EVEN A  GAP UP ON TUESDAY IS GOOD ENOUGH TO TRIGGER SHORT COVERING EVEN THOUGH THE INDICATORS IN INTRADAY CHARTS HAVE STARTED TO SHOW DIVERGENCES .

THE SWING HIGH OF 10929 SPOT & 10949 FUTURES CAN BE TAKEN OUT IN CASE THERE IS FOLLOW UP BUYING OTHERWISE A GAP UP MAY BE FOLLOWED BY CONTINUOUS FALL JUST OPPOSITE TO WHAT HAPPENED ON MONDAY. TRADERS HOLDING LONG NIFTY FUTURES SHOULD CONTINUE TO HOLD ALONG WITH WRITTEN CALLS OF 10800 AND 10900. A FAILURE TO BREACH AND STAY ABOVE THE CRITICAL SWING HIGHS OF 10929 SPOT & 10949 FUTURES CAN SEE SHORTING INTEREST DEVELOPING. HOWEVER AS LONG AS NIFTY CONTINUES TO STAY ABOVE 10840 SPOT AND 10848 FUTURES AND DOES NOT FALL BELOW THESE LEVELS TO CLOSE A 30 MINUTE CANDLE BELOW THESE SPOT & FUTURE LEVELS, EVERY DECLINE TOWARDS THESE LEVELS IS A BUYING OPPORTUNITY FOR GREAT GAINS WITH STRICT STOP LOSS BELOW 10840 SPOT AND 10848 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT THERE AFTER.

(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 JULY NIFTY HAD A BULLISH WEEKLY  & DAILY CLOSE, CLOSING THE WEEK AS A GREEN WEEKLY HAMMER  AND A DAILY INVERTED GREEN HAMMER SUGGESTING LOOK FOR DECLINES TO BOLDLY BUY AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW  FRIDAY’S LOWS OF 10730 SPOT & FUTURES, AND IF THIS HAPPENS THEN QUIT ALL NIFTY LONGS AND DOUBLE SHORT 10800 CALLS AND ALSO BUY 10700 PUTS.

ON THE HIGHER SIDE , ANY DAY IN CASE NIFTY RISES & MORE IMPORTANTLY STAYS  ABOVE FRIDAY’S HIGHS OF 10818 SPOT AND FUTURES THEN ADD MORE LONG FUTURES FOR MUCH HIGHER 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 06 JULY ALTERNATE DAY OF RISE AND FALL CONTINUED FOR THE 6TH DAY. USE DECLINES TO BUY NIFTY AS LONG AS DOES NOT CLOSE A 30 MINUTE CANDLE BELOW THURSDAY’S LOWS OF 10730 SPOT AND FUTURES. A BREACH AND MORE IMPORTANTLY CLOSURE OF A 30 MINUTE CANDLE BELOW 10730 CAN BE USED TO TRADE SHORT. SIMILARLY ON THE HIGHER SIDE A BREACH AND STAY ABOVE THURSDAY’S HIGH OF 10786 SPOT & 10791 FUTURES CAN BE USED TO TRADE LONG.

THERE ARE EARLY INDICATION OF STRENGTH IN THE DAILY INDICATORS THAT MAY SUPPORT LONG TRADES HOWEVER KEEP ON SHORTING 10800 AND  HIGHER CALLS FOR EVERY LONG TRADE IN NIFTY FUTURES.

MARKETS FOR 05 JULY ALTERNATE DAY OF RISE AND FALL CONTINUES IN NIFTY AND AGAIN ON WEDNESDAY THE RISE WAS WITH LOWER VOLUME FOR NIFTY FUTURES COMPARED TO ITS TWO PREVIOUS DAYS. HOWEVER HAVING BREACHED BOTH MONDAY AND TUESDAYS HIGHS OF 10707 FUTURES  TO  CLOSE NEAR 10770, HIGH ABOVE ITS TWO PREVIOUS DAYS HIGHS OF 10707 & 10705 FUTURES IS A FURTHER SIGN OF STRENGTH THAT MAY AGAIN SEE FOLLOW UP RISE ON THURSDAY BREAKING THE ALTERNATE DAY RISE AND FALL SYNDROME.

SPOT NIFTY ON WEDNESDAY REACHED THE RESISTANCE LINE AROUND DAY HIGH AT 10777. THIS RESISTANCE LINE WAS FORMED BY JOINING THE  HIGHS OF 13TH JUNE AT  10893 SPOT & 22 JUNE HIGHS AT 10837 SPOT. BULLS HAVE A GOLDEN OPPORTUNITY TO SHOOT PAST THIS RESISTANCE LINE AROUND 10777 TO MEET THE NEXT RESISTANCE LINE AROUND 10860 SPOT COMING FROM 15TH MAY HIGHS OF 10929 SPOT & 13TH JUNE HIGHS OF 10893 SPOT .

FOR INTRADAY FUTURE TRADERS, NIFTY FUTURES BREACHING WEDNESDAY’S HIGHS OF 10777 TO MOVE UP FURTHER TO BREACH AND STAY ABOVE 10790 TO 10797 FUTURE ZONE  IS A SIGN OF STRENGTH TO GO LONG FOR HIGHER LEVELS TOWARDS 10800 TO 10808 FUTURE LEVELS. STAYING ABOVE 10808 CAN SEE MUCH HIGHER FUTURE LEVELS DUE TO SHORT COVERING.

FAILURE TO RISE AND STAY ABOVE 10797 FUTURES CAN SEE WEAKNESS SETTING IN FOR LOWER LEVELS. A BREACH & STAY BELOW 10750 TO 10740 FUTURE ZONE CAN SEE MORE WEAKNESS TOWARDS 10725 FOLLOWED BY RETEST OF 10700 FUTURE LEVELS. FRESH LONGS INITIATED ON WEDNESDAY ABOVE BOTH MONDAY AND TUESDAY’S HIGHS OF 10707 CAN BE HELD ALONG WITH WRITTEN 10800 CALLS & BOUGHT PUTS  AS HEDGE. FOR EVERY FRESH NIFTY FUTURES LONG POSITION, WRITE MORE OF 10800 CALLS.

MARKETS FOR 04 JULY NIFTY CONTINUED WITH ITS ALTERNATE DAY UP & DOWN MOVES BUT THE BULLISH CANDLE FORMED ON TUESDAY ALTHOUGH WITH LOWER VOLUME LOOKS LIKE MOVING SOME POINTS UP TO ALLOW OPTION WRITERS TO MERCILESSLY SHORT 10800 CALLS WITH STOP LOSS ABOVE 10838 SPOT & FUTURES ON A CLOSING BASIS. SIMILARLY A CLOSE BELOW 10655 SPOT AND FUTURES WILL SEE MORE SHORTINGS IN NIFTY FUTURES AND 10800 & 10700 CALLS.

 ON WEDNESDAY, FOR INTRADAY TRADING A FALL BELOW 10700 FUTURES IS A SIGN OF WEAKNESS TO GO SHORT AND A RISE TO STAY ABOVE 10760 IS A SIGN OF STRENGTH TO BUY CALLS AND FUTURES. 

MARKETS FOR 03 JULY NIFTY WHICH HAD TESTED & BREACHED THE CRITICAL 50 DMA ON FRIDAY, FAILED TO SUSTAIN ABOVE IT ON MONDAY AND CLOSED NOT ONLY MUCH BELOW THE 50 DMA BUT ALSO BELOW  THE CRITICAL DUO OF 34 DAY EMA & 21 DAY EMA. SO, ANY INTRADAY RISE TOWARDS FRIDAYS OR MONDAY’S HIGHS CAN BE USED TO BOLDLY ADD ON TO THE SWING SHORTS AND WRITE MORE 10800 CALLS. NIFTY LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS. HOWEVER SOME STOCKS UNDER GOOD NEWS MAY SEE GOOD GAINS EVEN IF NIFTY FALLS. (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 JULY NIFTY MOVED UP ON FRIDAY EXACTLY AS WAS EXPECTED AND DON’T BE SURPRISED TO SEE SOME MORE UP MOVE IN NIFTY  BEFORE BEARS ARE COMPLETELY WIPED OUT. A FURTHER RISE WILL ESTABLISH A PERFECT PLATFORM  FOR A MUCH BIGGER FALL TO INITIALLY TEST 100 DMA AROUND 10535 FOLLOWED BY 200 DMA AROUND 10444 FOR MUCH BIGGER FALLS. THE RISE ON FRIDAY WAS A RETRACEMENT RISE TO RETRACE A PORTION OF  BIG TWO DAYS OF FALLS ON WEDNESDAY & THURSDAY FROM HIGHS OF 10785 TO LOW OF 10557.

THE RISE ON FRIDAY WAS ALSO PARTIALLY TRIGGERED BY MANIPULATIVE , ZERO VOLUME DOW FUTURES WHICH WAS KEPT 200 TO 250 POINTS UP THAT GENERATED FEARS IN THE MINDS OF BEARS THAT DOW TOO MAY RISE BY 200 TO 250 POINTS WHICH ON FRIDAY NIGHT FINALLY CLOSED UP BY ONLY 55 POINTS AFTER FALLING BY 200 POINTS DURING THE LAST HOUR. BE SURE DOW IS IN MISERABLE SHAPE & CAN CRASH ON ANY DAY BUT AFTER FOOLING REST OF THE WORLD MARKETS BY DECEPTIVE RISES. AGAIN BE SURE TO SEE DOW FUTURES BEING MANIPULATED WITH ALMOST ZERO VOLUME TO INDUCE TRADERS INTO BUYING MODE ON MONDAY.

ALL SWING SHORT HOLDERS WHO INITIATED FRESH SWING SHORTS ON FRIDAY AROUND 10700 LEVELS CAN CONTINUE TO HOLD & KEEP ON ADDING SWING SHORTS ON FURTHER RISE TOWARDS 10800 THE SWING SHORTS WITH STRICT STOP LOSS ABOVE THE CRITICAL 10838 LEVELS ON A CLOSING BASIS. OPTION TRADERS SHOULD BUY BOTH CALLS AND PUTS AND HOLD TO SAVE THEMSELVES FROM MANIPULATORS MENACE. FOR OPTION WRITERS, IT IS WISER TO USE RISES IN  NIFTY TO AGAIN WRITE 10800 CALLS SIMILAR TO JUNE SERIES WHICH GAVE HANDSOME GAINS.

THE WEEKLY CHART OF NIFTY LOOKS VULNERABLE FOR FURTHER FALLS. NIFTY IS RETRACING THE WEEK ENDING 15TH JUNE HIGH OF 10893 SPOT TILL WEEKENDING 29TH JUNE LOWS OF 10557 SPOT. IT HAS TESTED THE 50% RETRACEMENT LEVEL ON FRIDAY AROUND THE 50 DMA AND CAN FIND MANIPULATORS PUSHING IT UP A BIT FURTHER UP TOWARDS THE FIBO 61.8% RETRACEMENT LEVEL OF 10766 TO 10770 SPOT LEVELS BEFORE THE MEGA DOWN SWING RESUMES. SINCE THE DAILY CANDLE FORMED ON FRIDAY WAS A BULLISH CANDLE, POSSIBILITY OF RISING TILL FIBO 61.8% LEVELS LOOKS FAIRLY STRONG AT THIS MOMENT BRINGING GAINS TO FRIDAY’S 10700 CALL BUYERS WHO CAN BOOK PROFIT & SHOULD CHANGE THEIR ROLE TO 10800 CALL WRITERS ON NIFTY’S RISE TOWARDS THE FIBO 61.8% LEVELS OF 10766 OR HIGHER WITH MUST STOP LOSS ABOVE 10838 SPOT ON A CLOSING BASIS.

FOR MONDAYS INTRADAY TRADING PURPOSE ONE SHOULD NORMALLY EXPECT A FOLLOW UP RISE. A RISE TO STAY ABOVE FRIDAY’S HIGHS OF 10707 TO 10717 ZONE CAN TRIGGER FURTHER SHORT COVERING RISE TOWARDS 10750 OR HIGHER LEVELS. A FAILURE TO BREACH AND MORE IMPORTANTLY STAY ABOVE THE CRITICAL FUTURES ZONE OF 10707 TO 10717 & THEN SLIDING TO SLIP BELOW 10666 FUTURES TO CLOSE A 30 MINUTE CANDLE BELOW 10660 CAN SEE RESUMPTION OF MEGA SHORTING ACTION AGAIN TO SEE NIFTY FUTURES DIVING TOWARDS 10645 LEVELS STAYING BELOW WHICH CAN SEE MUCH LOWER LEVELS OF 10630 TO 10620 THAT MAY EVEN THREATEN 10600 OR FRIDAY’S LOWS OF 10591 FUTURES EVEN THOUGH IT DOES NOT LOOK TO HAPPEN SO EARLY DURING THE WEEK.

 

MARKETS FOR 29 JUNE  MEGA BEAR MARKET HAS RESUMED AND ONE MUST BE PREPARED TO SEE  MUCH LOWER LEVELS IN NEXT 2 TO 3 MONTHS TO BREACH EARLIER 23RD MARCH LOWS OF 9951 SPOT FOR MUCH LOWER LEVELS AS PART OF 3RD DOWN WAVE . THE 1ST DOWN WAVE WAS FROM 29TH JANUARY LIFE TIME HIGHS OF 11171 TILL 23RD MARCH LOWS OF 9951. UNLESS NIFTY RISES TO BREACH AND CLOSE ABOVE 15TH MAY HIGHS OF 10929, A FURTHER FALL IN JULY ITSELF TO BREACH AND CLOSE BELOW THE CRITICAL 23RD MAY LOWS OF 10414 IS A CERTAINTY  IN NEXT FEW DAYS. PLEASE DO NOT EXPECT A STRAIGHT FALL, BUT DECEPTIVE UPSIDE RETRACEMENT MOVES TO GENERATE  FEELINGS EVERY TIME THAT BULL MARKET HAS RESUMED BUT ONLY TO SEE BULLS GETTING TRAPPED  AGAIN AND AGAIN.

IN THE DAILY CHARTS OF NIFTY SPOT, 100 DMA HAS SHOWN SIGNS OF SLOPPING AND IS PRESENTLY AROUND 10525 JUST ABOVE IT ARE THE TWIN LOWS OF  30TH MAY AROUND 10558 &  5TH JUNE AT 10550. A BREACH TO CLOSE BELOW THESE TWO CRITICAL LOWS CAN SEE PEOPLE ENTIRELY FORGETTING THE VALUE OF 100 DMA AND STAT PREPARING FOR A LONG AWAITED HANDSHAKE WITH THE 200 DMA CAMPING AROUND 10440 SPOT LEVELS. A FEW DAYS OF HIDE & SEEK WITH THE 200 DMA WILL BE FOLLOWED BY A DECISIVE BREACH OF THE CRITICAL 200 DMA  FOR MUCH LOWER LEVELS BELOW THE 23RD MARCH LOWS OF 9951 SPOT. BE ABSOLUTELY SURE, THESE EVENTS WILL TAKE WEEKS AND MONTHS TO HAPPEN BUT CERTAINLY WILL HAPPEN AS PART OF BEAR MARKET. THIS BEAR MARKET BEING A SLOW POISON TYPE BEAR MARKET UNLIKE THE SHARP & SWIFT BEAR MARKET OF 2008, MAY TAKE YEARS TO COMPLETE SIMILAR TO THE BEAR MARKETS OF 1992 TILL 1998 OR SIMILAR TO 2000 TILL 2003.

FRIDAY 29TH JUNE BEING THE WEEK-END AS WELL AS MONTH-END TRADING DAY, ONE SHOULD EXPECT A BOUNCE AND IF AT ALL THIS COMES THEN USE IT TO WRITE HIGHER CALLS TO POCKET THE PREMIUMS BY DOING NOTHING. MONTH OF MAY HAD A CLOSING NEAR 10737 WITH A MONTHLY HIGH OF 10929 & LOW OF 10417. MONTH OF JUNE HAD A LOWER HIGH AT 10893  AND SO FAR  HAS MADE A LOW OF 10550 MUCH ABOVE MAY MONTH LOWS OF 10417. SO, EXPECT INDEX MANIPULATORS TO  SUITABLY PLAY WITH INDEX STOCKS SO THAT IT DOES NOT BREACH MAY MONTH LOWS OF 10417 SO QUICKLY. A FEW DAYS OF DECEPTIVE RISE  TRIGGERED BY TRUMP SOFTENING HIS STANCE ON CHINA CAN GENERATE A DECEPTIVE FEELING THAT BULL MARKET HAS RESUMED ONLY TO SEE IT GETTING FIZZLED OUT FOR RESUMPTION OF THE BEAR MARKET.

AREA AROUND 10550 SPOT HOSTS TWO CRITICAL WEEKLY LOWS OF WEEKS ENDING 1STJUNE & 8TH JUNE. A BREACH AND CLOSE BELOW 10550 SPOT ON 29TH JUNE MAY NOT BE ALLOWED BY MANIPULATORS TO GIVE SUCH A CLEAR PASSAGE TOWARDS THE 200 DMA AROUND  10440 EARLY NEXT WEEK. INSTEAD NIFTY MAY BE MANAGED THROUGH SOME INDEX STOCKS TO MOVE UP HIGHER TO STAGE A PERFECT PLATFORM FOR A BIGGER NOSE DIVE AGAIN. SO, BE PREPARED TO SEE A WELL MANIPULATED RISE IN NIFTY TO GIVE IT A FACE SAVING WEEKLY AND MONTHLY CLOSE ON FRIDAY 29TH JUNE WITHOUT DISPLAYING AN EASY & OPEN WEAKNESS FOR NIFTY WHICH EVERYONE IS THINKING OF. TO THIS EXTENT A FEW DAYS OF PULL UP TOWARDS THE 50 DMA AROUND 10696 TO 10700 SPOT CAN NOT BE RULED OUT. WHETHER RETRACEMENT FACE SAVING RISE IS THERE OR NOT,  ANY DAY A FALL TO CLOSE BELOW 10550 SPOT LEVELS  WILL BE THE END GAME FOR BULLS

(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 JUNE  NIFTY OPTION WRITERS AND FUTURE SHORTERS FROM MONDAY REAPED HANDSOME GAINS ON WEDNESDAY BY BOOKING PROFIT NEAR DAY END WHEN NIFTY WAS NEAR THE DAY LOWS. NIFTY 10700 PUT WRITERS ARE FULLY PROTECTED BY NIFTY FUTURE SHORTERS OF JULY SERIES.NOW NIFTY HAVING CLOSED BELOW 10700 SPOT AND FUTURE LEVELS ON WEDNESDAY, LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS AS PART OF THE MEGA BEAR MARKET.

ALTHOUGH THE BREAK DOWN BELOW 10700 HAS HAPPENED WHICH UNDER NORMAL CIRCUMSTANCES  SHOULD SEE NEAR 10500 OR LOWER LEVELS IN JULY, YET ONE HAS TO WAIT FOR CONFIRMATORY SIGNALS AS WEDNESDAY’S FALL WAS MOSTLY TRIGGERED BY NEARLY 250 POINT FALL IN DOW FUTURES DURING ASIAN TRADING HOURS. SO, A CONFIRMATORY FOLLOW UP ACTION IS CERTAINLY NEEDED ON THURSDAY AND FRIDAY TO SEE BIGGER FALLS IN JULY OR ELSE LIKE THE OPENING MANIPULATED GAP UP TO 10811 FUTURES ON WEDNESDAY, THE ENTIRE FALL TOWARDS 10650 FUTURES ON WEDNESDAY AFTER THE  MANIPULATED GAP UP CAN BE CONSIDERED AS A ONE OF EVENT AND JULY CAN SEE JUNE HIGHS BEING RETESTED.

EXPIRY DAY, SO NO TRADE IS BEST TRADE. HAVING BOOKED HANDSOME PROFITS ON SHORTS AND WRITTEN 10800 CALLS, IT IS WISER TO HAVE A GOOD DAY OF REST ON THE EXPIRY DAY TO START FRESH FROM MONDAY HAVING SEEN WHERE DOES NIFTY HAVE ITS MONTHLY CLOSE ON FRIDAY 29TH JUNE.

MARKETS FOR 27 JUNE  NIFTY WENT UP TILL 10805 SPOT AND FUTURES BUT ONLY TO FIND MERCILESS HAMMERING OF ITS FUTURES AND 10800 CALLS. THE GAP DOWN ATTRACTED HEAVY BUYING BY INTRADAY TRADERS THAT LIFTED NIFTY TOWARDS 10800 TO ENCOUNTER PROFIT BOOKING AND HEAVY SHORTING. SAME IS LIKELY TO HAPPEN  FOR NEXT TWO DAYS. LOOK FOR DECLINES TOWARDS PREVIOUS DAYS LOWS OR EVEN 10700 TO BUY WITH A STOP LOSS AND TOWARDS 10790/10800 OR HIGHER LEVELS TO BOOK PROFIT AND THEN SHORT WITH STOP LOSS ABOVE 10838.

A RISE ABOVE 10800 IS IDEAL FOR OPTION WRITERS TO DOUBLE SHORT 10800 AND 10850 CALLS TO POCKET THE PREMIUM ON THESE. SIMILARLY SOME STOCK CALLS ENJOYING THE LUXURY OF HEAVY PREMIUMS CAN BE MERCILESSLY SHORTED TO  POCKET THE PREMIUMS ON EXPIRY DAY. WITH EXPIRY ON THURSDAY, BETTER TO TRADE VERY LESS AND PRESERVE THE CAPITAL FOR COMING SERIES. HOLD ALL THE SHORTED 10800 CALLS AND 10700 PUTS. IN CASE THINGS GO WRONG THEN BUY FUTURES OF JULY SERIES TO PROTECT THE SHORTED 10800 AND 10850 JUNE CALLS AND IN CASE NIFTY FALLS BELOW 10700 THEN JULY NIFTY FUTURES CAN BE SHORTED TO PROTECT THE SHORTED 10700 JUNE PUTS.IN RANGE BOUND MARKETS THAT WE ARE HAVING FOR LAST FEW MONTHS WRITING OPTIONS TO POCKET THE PREMIUMS ON THESE IS THE BEST STRATEGY.

SINCE EVERYONE IS BEARISH, ONE SHOULD NOT BE SURPRISED TO FIND WEDNESDAY BEING A BULLISH DAY OR AT LEAST SIMILAR TO TUESDAY. (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 26 JUNE    NIFTY WENT UP TILL 10831 SPOT & COULD NOT REACH OUR UNDER MENTIONED CRITICAL LEVEL OF 10838 SPOT LEAVE ASIDE CLOSING A 30 MINUTE CANDLE ABOVE IT TO TRIGGER STOP LOSSES. NOW SWING SHORTS INITIATED  ABOVE 10800 BE BOLDLY HELD ALONG WITH BRUTALLY SHORTED 10800 CALLS FOR GREAT GAINS. ONLY WHEN NIFTY RISES TO BREACH AND MORE IMPORTANTLY CLOSE A 30 MINUTE CANDLE ABOVE 10838 SPOT THEN ONLY QUIT ALL LONG FUTURES AND SHORTED CALLS. DO NOT BOTHER FOR WHAT HAPPENS TO HIGHLY MANIPULATED DOW, ITS FUTURES OR THE MOST CORRUPT INDEX THE SGX NIFTY. JUST KEEP ONE THING IN MIND TO USE EVERY INTRADAY RISE TO SHORT FUTURES, WRITE CALLS.

DOW HAS THE RISING 200 DMA AROUND 24000 LEVELS FROM WHERE IT HAS BOUNCED 4 TIMES SINCE FEBRUARY THIS YEAR AND THIS TIME ALSO ON REACHING AND BREACHING IT WILL BOUNCE UP AGAIN BY MAKING SOME DECEPTIVE CONCESSIONS ON THE  ANNOUNCEMENTS ON TRADE WAR. IF IT BREACHES AND CLOSES BELOW THE 200 DMA AROUND 24000 FOR A DAY OR TWO THEN THE SHORTED NIFTY FUTURES, WRITTEN 10800 CALLS WILL REAP GREAT BENEFITS. MOST LIKELY THIS TIME DOW HAS TO FALL AND CLOSE BELOW ITS 200 DMA TO RESUME THE MEGA BEAR MARKET WHICH WE HAVE BEEN HARPING SINCE JANUARY THIS YEAR.

NIFTY HAS CRITICAL SUPPORT AROUND 10700 SPOT AND FUTURES. A BREACH AND MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE BELOW THESE LEVELS CAN SEE ANOTHER FALL OF AROUND 180 TO 200 POINTS AS IT WILL TRIGGER THE NECK LINE OF A HEAD & SOLDER  FORMED IN THE NIFTY CHARTS OF LOWER TIME FRAMES OF 30 MINUTES AND BELOW. IF THAT HAPPENS THEN BLINDLY ADD MORE SHORTS, WRITE 10700 CALLS. WITH THE EXPIRY JUST 3 MORE DAYS AWAY, SHOULD NIFTY TURN AND MOVE UP TO THREATEN 10838 THEN ONE CAN BUY JULY FUTURES TO PROTECT THE WRITTEN CALLS.

SOME STOCKS WILL MOVE UP AND SOME WILL FALL. ANOTHER DECEPTIVE ANNOUNCEMENT WAS MADE THIS MORNING TO LIFT BIOCON BUT EVERYONE REMEMBERED THE DECEPTIVE ANNOUNCEMENT OF 5TH JUNE AND MERCILESSLY SHORTED BIOCON FUTURES TO SEE IT FALLING FROM 645 TO 633 AND WILL BE PULLED DOWN MORE TO FOOL EVERYONE AGAIN. ITS 640 AND HIGHER CALLS WERE HAMMERED OUT OF SHAPE FOR GREAT 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 25 JUNE     NIFTY MADE A RESOUNDING BOUNCE ON FRIDAY  AND CLOSED AT 10821 SPOT AND 10834 FUTURES ABOVE ITS PREVIOUS WEEK’S CLOSINGS OF 10817 SPOT & 10814 FUTURES. HOWEVER  DURING THE WEEK, NIFTY MADE A LOWER WEEKLY HIGH AND LOWER WEEKLY LOW.  TILL SUCH TIME NIFTY DOES NOT RISE TO CLOSE ABOVE 15TH MAY SWING HIGH OF 10929 SPOT EVERY RISE TOWARDS THE WEEK ENDING 15TH JUNE HIGHS OF 10893 SPOT IS TO BE CONSIDERED AS DECEPTIVE AND BULL TRAPS TO ALLURE BULLS INTO BUYING MODE AND THEN TRAP AND STRANGULATE THE BULLS.. SO, HOLD ON TO THE SHORTED CALLS OF 10800 AND USE RISES TO SHORT 10900 CALLS ALSO. WITH A STOP LOSS ABOVE 10838 SPOT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS TO QUIT THE SHORTS PLAN TO START GOING LONG GRADUALLY.

(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 22 JUNE  MOST LIKELY THE RETRACEMENT RISE IS OVER AND NIFTY HAS RESUMED ITS MEGA BEAR MARKET. HOLD ALL THE MEGA SHORTED 10800 CALLS AND BOUGHT PUTS OF 10800 & 10700 FOR GREAT GAINS. USE EVERY DECEPTIVE RISE TO AGAIN DOUBLE SHORT 10800 CALLS AND  BUY 10800 PUTS. ON BREACH AND MORE IMPORTANTLY CLOSE BELOW 19TH JUNE LOWS OF 10700 SPOT AND 10690 FUTURES WILL ACTIVATE A DEADLY HEAD & SOLDER FORMATION TO SEE ANOTHER 200 POINT FALL. HOWEVER TILL SUCH TIME THE NECK LINE AROUND 10700 SPOT & 10690 FUTURES IS NOT DECISIVELY BREACHED , ONE CAN NOT TAKE THE RISK OF GOING MEGA SHORTS IN NIFTY FUTURES BUT CAN BRUTALLY SHORT 10800,10700 CALLS AND ALSO BUY 10700 PUTS.

A RISE TO BREACH AND CLOSE ABOVE 10838 SPOT IS THE INDICATION THAT THE FALL WAS ANOTHER DRAMA ENACTED BY U.S DOW MANIPULATORS AND NIFTY WILL RISE AGAIN FOR SOME MORE DAYS BEFORE RESUMING THE BEAR MARKET. REMEMBER ENTIRE WORLD MARKETS ARE MANIPULATED BY DOW & ITS MANIPULATORS. TILL SUCH TIME DOW DOES NOT FALL TO CLOSE BELOW ITS 29TH MAY LOWS OF 24224 WHERE RUNS ITS 200 DMA, U.S. WILL CONTINUE TO FOOL REST OF THE WORLD WITH THESE FRAUDULENT ANNOUNCEMENTS & DECEPTIVE DOW MOVEMENTS. WHEN ASIA WILL BE BADLY DOWN ON FRIDAY, ONE SHOULD NOT BE SURPRISED TO SEE DOW MAKING A MEGA RISE ON FRIDAY NIGHT(IF DOES NOT RECOVER TONIGHT AFTER CLOSURE OF EUROPEAN MARKETS IN DEEP RED)  TO TRAP THE BEARS ON MONDAY MORNING. SO WRITE CALLS HEAVILY TO POCKET THE PREMIUM AND BUY PUTS TO PLAY SAFE HAVING WELL KNOWN U.S. ACTIONS AND DECEPTIVE DOW MOVEMENTS DURING APRIL & MAY TO FOOL REST OF THE WORLD.

LAST WEEK NIFTY HAD A WEEKLY CLOSING AT 10818 SPOT & 10814 FUTURES WITH WEEKLY LOWS AROUND 10755 SPOT & 10735 FUTURES. THIS FRIDAY 22ND JUNE NIFTY SHOULD NOT CLOSE  BELOW THESE LEVELS & IF IT DOES SO, THEN ONE CAN BE REASONABLY SURE OF THE RESUMPTION OF THE MEGA BEAR MARKET (SUBJECT TO HOW THE MONSTER MANIPULATORS IN U.S. ADJUST DOW TO DECEIVE REST OF THE WORLD MARKETS NEXT WEEK)BETTER TO TRADE OPTIONS AT LEAST TILL END OF FRIDAY 22ND JUNE AND FROM MONDAY ONE CAN TRADE FUTURES, HOWEVER BRUTAL SHORTING OF 10800 CALLS CAN CONTINUE ON EVERY INTRADAY RISE. A CLOSE BELOW 10700 SPOT WILL BE  ENOUGH INDICATION THAT MEGA BEAR MARKET HAS RESUMED TO GO MEGA 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 21 JUNE   NIFTY AS WAS PREDICTED  REMAINED BULLISH FOR THE DAY AND SEEMS TO HAVE COMPLETED ITS QUOTA OF RISE. NIFTY CLOSED THE DAY AROUND 10772 SPOT & 10790 FUTURES. SO, A FAILURE TO SHOW FOLLOW UP ACTION TO BREACH AND MORE IMPORTANTLY STAY ABOVE 10800 TO 10818 FUTURE ZONE  ON THURSDAY CAN BE USED TO TRADE SHORT  WITH STOP LOSS ABOVE 10808 ON AT LEAST A 15 MINUTE CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG AGAIN.

ON ANY DAY, A RISE TO BREACH AND STAY ABOVE 10838 SPOT AND FUTURES CAN SEE MUCH HIGHER LEVELS A SLIDE TO BREACH AND STAY BELOW 10755 CAN BE USED TO DOUBLE SHORT 10800 CALLS & BUY 10800 OR 10700 PUTS FOR GOOD INTRADAY GAINS. STOCKS WHICH HAVE NOT MOVED UP ON THURSDAY CAN SHOW A GOOD UP MOVE ON THURSDAY EVEN IF NIFTY MAY NOT RISE MUCH(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 20 JUNE    BE ABSOLUTELY SURE TRUMP WILL MAKE SOME SORT OF A COMPROMISING STATEMENT OR SOME OF HIS AIDS WILL SEND FILLERS THAT A COMPROMISE HAS BEEN REACHED ON TRADE WAR WITH CHINA SIMILAR TO THE RHETORIC OF APRIL AND MAY ON TRADE WAR AND NORTH KOREA. HOWEVER CONTINUE TO USE SLIGHTEST OF INTRADAY RISE TO BOLDLY SHORT 10800 AND HIGHER CALLS. SIMILARLY SLIDE BELOW 10700  SHOULD BE USED TO WRITE 10600 AND LOWER PUTS.

ALTHOUGH HAVING CLOSED A DAILY CANDLE BELOW 10750 SPOT AND 10735 FUTURES HAVE MADE NIFTY LOOK WEAK, YET THE MARKET  MANIPULATIVE PRACTICES OF BIG FOREIGN PLAYERS  CAUTIONS TRADERS NOT TO JUMP INTO SHORTING FUTURES MODE & INSTEAD BETTER TO SHORT HIGHER CALLS ON INTRADAY RISE AND SHORT LOWER PUTS ON INTRADAY DECLINES. 50 DMA AROUND 10655 SPOT SEEMS TO PROVIDE A STRONG SUPPORT FOR NIFTY IN CASE IT BREACHES CLOSES BELOW THE 34 DAY EMA AROUND 10685 SPOT. IN ANY CASE TILL SUCH TIME SPOT NIFTY DOES NOT SLIDE TO BREACH AND CLOSE BELOW TWIN LOWS OF 30TH MAY &  5TH JUNE AROUND 10550 LEVELS, ONE SHOULD NOT BE SURE OF THE RESUMPTION OF THE BEAR MARKET. SO, EXPECT A  CLEVERLY WORDED STATEMENT FROM U.S. TO LIFT THE WORLD MARKETS IN A DAY OR TWO TO COMPLETE THE RETRACEMENT RISE.

TECHNICALLY THE INTRADAY INDICATORS LOOK HIGHLY OVERSOLD, SUGGESTING ONE TO  USE OPENING DECLINES TO WRITE LOWER PUTS & SAFE TRADERS MAY BUY 10700 CALLS FOR QUICK GAINS. THE VOLUME OF EACH THE FALLING DAYS OF MONDAY & TUESDAY WAS LOWER THAN THE RISING DAY VOLUME OF FRIDAY. SO, USE THE GAP DOWN TO BUY CALLS OR WRITE LOWER PUTS FOR QUICK GAINS. FOR EVERY BUY OF 10700 CALLS, ONE CAN DOUBLE SHORT HIGHER 10800 CALLS TO POCKET THE PREMIUM. (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 19 JUNE    MAKE BEST USE OF DOW’S OVERNIGHT FALL & HIGHLY MANIPULATED  & VERY LOW VOLUME TRADED SGX NIFTY INDICATIONS TO BUY THE GAP DOWN FOR GOOD INTRADAY GAINS. IF ONE THINKS THAT DOW HAS FALLEN SO NIFTY HAS TO FALL, THEN DOW HAS ALREADY FALLEN FOR FIVE DAYS IN A ROW AND IS READY FOR A SOLID BOUNCE ON TUESDAY NIGHT THAT SHOULD BE FULLY TAKEN ADVANTAGE OF TO BUY DECLINES WHICH MAY BE DUE TO THE MANIPULATED SGX NIFTY OR ALMOST ZERO VOLUME DOW FUTURES WHICH WILL BE KEPT NEGATIVE DURING ASIAN TRADING HOURS IF DOW HAS TO RISE IN THE NIGHT.

FOR INTRADAY TRADING ON TUESDAY, LOOK FOR  SGX INFLICTED DECLINES TO BUY IN CASE NIFTY FUTURES IS PULLED DOWN TOWARDS 10750 OR TOWARDS  FRIDAY’S LOWS OF 10735 FOR VERY GOOD INTRADAY GAINS. ONLY CLOSURE OF A 30 MINUTE CANDLE BELOW 10750 SPOT & 10735 FUTURES IS A SIGN OF WEAKNESS TO TRADE SHORT OTHERWISE EVERY  GAP DOWN AND FOLLOWED BY DECLINES TOWARDS 10750 SPOT& 10735 FUTURES OR LOWER LEVELS IS AN INTRADAY BUY TO ADD MORE IN CASE OF FURTHER DECLINES TILL NIFTY DOES NOT CLOSE A 30 MINUTE CANDLE BELOW 10750 SPOT & 10735 FUTURES. ALSO USE THE DECLINE TO WRITE 10600 AND 10500 PUTS AND THE RISE AFTER DECLINES TOWARDS 10800 OR HIGHER LEVELS BE USED TO WRITE 10800 AND 10900 CALLS.

MARKETS FOR 18 JUNE    NIFTY STILL LOOKS BULLISH AFTER CLOSING THE WEEK ENDING 15TH JUNE NEAR 10818 SPOT VERY NEAR THE HIGHS OF WEEK ENDING 8TH JUNE. HAVE STOP LOSS BELOW 10660 SPOT & FUTURES ON A CLOSING BASIS AND USE EVERY  FALL IN NIFTY DUE TO SLIDE IN HIGHLY MANIPULATED SGX NIFTY TO BOLDLY BUY AND HOLD. A RISE IN NIFTY TO CLOSE FOR A DAY OR EVEN  IF CLOSES A 30 MINUTE CANDLE ABOVE 10838 SPOT AND FUTURES IS THE GO AHEAD SIGNAL TO ADD ON TO THE LONG POSITIONS. THERE MAY BE STILL SOME MORE RETRACEMENT RISE FOR THE MARKETS BEFORE THE SLOW POISON TYPE BEAR MARKET RESUMES

BE SURE WE ARE IN THE OVERALL BEAR MARKET AND THIS TIME THE BEAR MARKET IS SLOW POISON TYPE SIMILAR TO THE BEAR MARKETS OF 1992 TO 1998 OR THE BEAR MARKET OF 2000 TILL 2003 BUT CERTAINLY NOT LIKE THE BEAR MARKET OF 2008. BEST WAY OF MAKING HANDSOME GAINS IN THIS BEAR MARKET IS WRITING OPTIONS, THAT IS, USE RISES TO SHORT HIGHER CALLS OF 10800 & 10900 AND USE DECLINES TO SHORT LOWER PUTS OF 10600 AND 10500. AVOID BUYING OPTIONS SPECIALLY STOCK OPTIONS AS THESE ARE HIGHLY MANIPULATED AND IT IS ALMOST IMPOSSIBLE TO MAKE MONEY BY BUYING CALLS. IF BUYING CALLS THEN DOUBLE SHORT HIGHER CALLS TO POCKET THE PREMIUM BECAUSE INVARIABLY THE MANIPULATORS WILL NEVER ALLOW CALL PRICES TO RISE BEFORE THE EXPIRY.

ANOTHER IMPORTANT THING TO TO BE KEPT IN MIND IS THAT WHATEVER THE TV FINANCIAL CHANNELS SAY ABOUT A STOCK OR INDEX  JUST DO THE OPPOSITE  FOR HANDSOME GAINS. SEE WHAT HAS HAPPENED TO TELCO, TISCO OR EVEN BIOCON. THESE FINANCIAL CHANNELS HAD PRAISED BIOCON LIKE A GOD’S COMPANY  ON 5TH JUNE. ITS MD WAS SEEN ALMOST 5 TIMES ON TV  ON 5TH JUNE PRAISING THE COMPANY AFTER THE NEWS. THE STOCK STARTED FALLING FROM THE VERY 1ST MINUTE AFTER OPENING ON 5TH JUNE  FROM THE HIGH OF NEAR 700 TO A DAY LOW OF 575. SAME HAS  HAPPENED WITH TATA STEEL AND TATA MOTORS WHICH WERE  PRAISED ON 8TH JUNE AND FROM THAT DAY ONLY BOTH HAVE STARTED TO FALL. SO WHATEVER THESE LADY  TV ANCHORS SAY ON THE FINANCIAL CHANNELS JUST DO THE OPPOSITE AND SURELY YOU WILL MAKE MONEY. BEST IS PUT THE VOLUME ON MUTE DURING THE TRADING HOURS AND UN-MUTE ONCE YOUR FAVORITE  TECHNICAL & FUNDAMENTAL ANALYSTS ARRIVE ON THE TV SCREEN.

FOR TRADING ON MONDAY, A SLIDE BY NIFTY TO BREACH FRIDAY’S LOWS OF 10750 SPOT AND 10733 FUTURES BUT MORE IMPORTANTLY IF CLOSES A 30 MINUTE CANDLE BELOW THESE LEVELS THEN ONLY TRADE SHORT OTHERWISE USE INTRADAY DECLINES TOWARDS PREVIOUS DAY’S LOWS  TO BUY ONLY. JUST DON’T BOTHER ON THE NEWS FROM US OR KOREA OR ANY INTERNAL POLITICAL NEWS, YOU ALL HAVE SEEN WHAT HAS HAPPENED DURING  APRIL & MAY THIS YEAR, IN SPITE ALL THE ADVERSE NEWS  FROM U.S. & N.KORES AND ALSO OWN  INTERNAL ADVERSE  POLITICAL NEWS DURING APRIL AND MAY, THE MARKETS KEPT ON RISING IN APRIL & MAY. IN FACT THE NEWS IS JUST FOR THE TV ANCHORS TO MAKE MOUNTAINS OUT OF MOLE HILLS OR SENSATIONALIZE THE ISSUE TO EARN THEIR BREAD AND BUTTER.

MARKETS FOR 08 JUNE    AS WAS MENTIONED , NIFTY CONTINUED WITH ITS BULLISH MOMENTUM AND TESTED 10800 LEVELS GIVING HANDSOME GAINS TO ALL THOSE WHO HAD HELD ON TO THEIR SWING LONGS SINCE 10575/10600 LEVELS. HAVING BOOKED PROFIT ON LONGS ON THIS RETRACEMENT RISE OF NIFTY, IT IS WISER TO TAKE A PAUSE AND LOOK FOR THE RIGHT OPPORTUNITY TO ENTER AGAIN. FOR THE TIME BEING, LIMITED SHORT POSITIONS INITIATED ABOVE 10800 NIFTY LEVELS BE HELD ALONG WITH THE EARLIER SHORTED 10800 CALLS AND THE 10400 PUTS.

LAST WEEK NIFTY HAD CLOSED AT 10696 SPOT AND IF IT CLOSES ABOVE IT ON THIS FRIDAY THEN BE READY FOR THE DECLINE NEXT WEEK . A WEEKLY CLOSE BELOW THE CLOSURE OF LAST WEEK MAY SEE NIFTY TAKING A PAUSE NEXT WEEK. HOWEVER AS LONG AS NIFTY DOES NOT FALL TO HAVE A DAILY OR WEEKLY CLOSE BELOW  5TH JUNE LOWS OF 10550( WHICH HAS TO HAPPEN & NIFTY WILL ULTIMATELY SLIDE TOWARDS THE 200 DMA NEAR 10400 TO 10380 SPOT LEVELS) ONE CAN EXPECT BUYING INTEREST COMING ON DECLINES ONLY TO BE DISAPPOINTED LATER. SO SWING SHORTS INITIATED TODAY 7TH JUNE ABOVE 10800 BE HELD WITH A 50 POINT STOP LOSS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS NIFTY FUTURES DOES NOT FALL BELOW THURSDAY’S GAP UP OPENING LOWS OF 10725,  EVERY DECLINE TOWARDS 10733 TO 10730 IS A BUY WITH STOP LOSS BELOW 10725 TO REVERSE AND TRADE SHORT. SIMILARLY ON THE HIGHER SIDE, A RISE TO CLOSE A 30 MINUTE CANDLE ABOVE 10790 IS A BUY FOR QUICK 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)

UPDATING WILL RESUME FROM 18TH JUNE AFTER 1 WEEK OF BREAK FROM MONDAY 11TH JUNE TILL FRIDAY 15TH JUNE

 MARKETS FOR 07 JUNE MOST LIKELY THE BULLISH MOMENTUM GATHERED BY NIFTY ON WEDNESDAY IS LIKELY TO CONTINUE ON THURSDAY AS LONG AS NIFTY DOES NOT BREACH AND CLOSE A 30 MINUTE CANDLE BELOW 10650 TO 10644 SPOT ZONE & 10670 TO 10660 FUTURE ZONE. IF THIS HAPPENS THEN BOLDLY TRADE SHORT FOR QUICK GAINS. MARKETS LOOK BULLISH  AND USE DECLINES TO TRADE LONG FOR QUICK GAINS.

ON THE HIGHER SIDE A RISE TO BREACH AND MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE ABOVE 10717 SPOT & 10722 FUTURES IS A SIGN OF STRENGTH TO BOLDLY TRADE LONG FOR QUICK GAINS. HOLD THE WRITTEN 10400 PUTS AND ALSO WRITTEN CALLS OF 10700 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 06 JUNE NIFTY LOOKS BULLISH FOR WEDNESDAY IN SPITE OF RBI RATE ANNOUNCEMENT. ALMOST ALL ANALYSTS ARE OF THE OPINION THAT THE GUV WILL HIKE RATES. SO IT IS ALREADY BUILT IN THE PRICE THAT HAS SEEN TREE DAYS OF FALLS. ONE SHOULD BE PREPARED TO SEE A GOOD RISE AFTER THE RATE HIKE ANNOUNCEMENT. IN CASE THERE IS NO RATE HIKE THEN ONE CAN SEE MASSIVE SHORT COVERING THAT MAY PROPEL NIFTY & BANK NIFTY TOWARDS MUCH HIGHER LEVELS AS PART OF THE RETRACEMENT RISE TO THE OVERALL BEAR MARKET.

BEFORE THE ANNOUNCEMENT OR IN CASE THERE IS A DECLINE IN THE MARKETS ANY TIME DURING OR AFTER THE ANNOUNCEMENTS, THEN TRADE LONG. AS LONG AS NIFTY DOES NOT FALL TO CLOSE A 30 MINUTE OR DAILY CANDLE BELOW THE CRITICAL 10550 SPOT & FUTURES, USE EVERY FALL TOWARDS IT TO BUY LIKE WAS DONE ON TUESDAY.

ON TUESDAY NIFTY  TOOK SUPPORT NEAR THE 100 DMA AROUND DAY LOW OF  10550 SPOT AND BOUNCED FROM THERE TO CLOSE AROUND 10606 SPOT EXACTLY ON THE 34 DAY EMA. 50 DMA LOOKING UPWARDS AROUND  10535 SPOT SHOULD PROVIDE THE REQUISITE BOUNCE, SHOULD  TUESDAY’S LOWS OF 10550 SPOT GETS BREACHED. ONLY A DAILY CLOSE BELOW 10550 OR MORE IMPORTANTLY BELOW THE 50 DMA AROUND 10535 SPOT CAN SEE  FURTHER FALLS, OTHERWISE EXPECT A GOOD BOUNCE TOWARDS 10600 OR HIGHER LEVELS SIMILAR TO TUESDAY.

 FOR INTRADAY TRADING PURPOSE NIFTY  BREACHING AND STAYING BELOW 10565 SPOT & 10580 FUTURES  IS A SIGN OF WEAKNESS  AND ON THE HIGHER SIDE BREACHING AND STAYING ABOVE TUESDAY’S HIGHS IS A SIGN OF STRENGTH. (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 JUNE DOW FUTURE WAS KEPT UP  BUT THE SAME MANIPULATORS PULLED NIFTY DOWN AFTER MOST OF THE FINANCIAL CHANNEL ANCHORS WERE  SUGGESTING TO BUY BEFORE THE MARKET OPENING ON THE PRETEXT OF FRIDAY’S JOB REPORT IN U.S.. NIFTY MAY BE PULLED DOWN FOR ONE MORE DAY TO START LOOKING UPWARDS FROM WEDNESDAY ONWARDS WHEN DOW MAY START TO FALL AND NIFTY WILL RISE TO FOOL EVERYONE AS WAS DONE ON MONDAY & LIKELY TO HAPPEN ON TUESDAY.

TECHNICALLY , NIFTY WAS FORCED TO MAKE A BEARISH ENGULFING IN THE DAILY CHARTS, FORCING SHORT TERM TRADERS TO RUN AWAY BY SELLING WHATEVER LONGS THEY WERE HOLDING. NIFTY SPOT HAS A STRONG CLOSING SUPPORT  AROUND THE 34 DAY EMA LEVEL OF 10606 SPOT ON A DAILY CLOSING BASIS FAILING WHICH  30TH MAY SWING LOWS OF 10558 IS A CERTAINTY. SINCE NIFTY FUTURE IS HEAVILY MANIPULATED, EXPECT IT TO CONTINUE PERFORMING WORSE THAN NIFTY SPOT & ONE SHOULD NOT BE SURPRISED TO SEE NIFTY  FUTURES CONTINUING  TO TRADE AT A DISCOUNT TO NIFTY SPOT FOR NEXT FEW DAYS.

FOR INTRADAY TRADING PURPOSE ON TUESDAY. A FURTHER FOLLOW UP SLIDE BY NIFTY TO BREACH AND CLOSE A CANDLE BELOW 30TH MAY LOWS OF 10555 BOTH SPOT & FUTURES SHOULD BE THE GO AHEAD SIGNAL TO GO MEGA SHORTS. SIMILARLY A RISE BY NIFTY TO BREACH AND CLOSE A CANDLE ABOVE 10707 SPOT & 10686 FUTURES IS A CLEAR SIGNAL TO GO MEGA LONGS. THIS IS NOT ONLY FOR INTRADAY TRADING ON TUESDAY BUT CAN BE USED FOR ANY DAY ANY SESSION. SMALLEST OF INTRADAY RISES CAN BE USED TO MERCILESSLY SHORT HIGHER CALLS OF 10800 AND DECLINES BE USED TO SELL 10400 PUTS. (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 04 JUNE ALTHOUGH NIFTY WAS PULLED DOWN  DURING THE LAST HOUR ON FRIDAY, IT STILL MANAGED TO CLOSE ON A BULLISH WEEKLY NOTE HAVING CLOSED AT 10696 SPOT, HIGH ABOVE ITS PREVIOUS WEEKENDING  25TH MAY WEEKLY HAMMER HIGH OF 10628. TECHNICALLY THIS IS A BULLISH SIGNAL AND AFTER A DAY OR TWO OF PAUSE OR MILD CORRECTION DULY INDUCED BY NEGATIVE DOW FUTURES, EXPECT NIFTY TO REGAIN ITS  BULLISH MOMENTUM TO CONTINUE ITS RETRACEMENT RISE  TO TRY AND MAKE AN ATTEMPT AT RETESTING 15TH MAY PIN BAR HIGH OF 10929 SPOT. HOWEVER TILL THAT HAPPENS BE ABSOLUTELY SURE DOW & ITS FUTURES WILL BE SUITABLY MANIPULATED TO SEE THAT THERE IS NO FREE RIDE FOR NIFTY TOWARDS  15TH MAY PIN BAR HIGH OF 10929.

AS LONG AS NIFTY IS NOT MADE TO SLIDE AND CLOSE BELOW THE EXPIRY DAY 31ST MAY LOWS OF  10620 SPOT, EVERY DECLINE IS A BUY FOR NIFTY TRADERS. A SLIDE TO CLOSE BELOW 31ST MAY LOWS OF 10620 SPOT & 10625 FUTURES SHOULD BE A FREE TICKET FOR ALL TO USE RISES TO GO MEGA SHORT FOR MUCH LOWER LEVELS. SWING TRADERS WHO HAD INITIATED SWING LONGS EARLIER DURING LAST WEEK MAY CONTINUE TO HOLD WITH STOP LOSS BELOW 30TH MAY LOWS OF 10555 SPOT & FUTURE LEVELS.

 MORE SWING LONGS BE ADDED IN CASE NIFTY BREACHES AND CLOSES ABOVE EXPIRY DAY 31ST MAY SWING HIGHS OF 10764 SPOT THAT MAY GENERATE HOPES FOR ATTEMPTING TO RISE TOWARDS 15TH MAY PIN BAR HIGHS OF 10929. A SLIDE TO CLOSE BELOW 30TH MAY LOWS OF 10555 SPOT AND FUTURES WILL SEE NIFTY SLIDING TOWARDS 23RD MAY SWING LOWS OF 10417 SPOT & FUTURES , THAT MAY SEE FURTHER FALL TOWARDS 200 DMA AROUND  10350 SPOT LEVELS.

FOR INTRADAY TRADING ON MONDAY, EXPECT DOW FUTURES TO BE KEPT NEGATIVE CONTRARY TO DOW’S 230 POINT RISE ON FRIDAY. NIFTY FUTURES RISING AND STAYING ABOVE  10720 IS A BULLISH SIGNAL IF A 30 MINUTE CANDLE CLOSES ABOVE IT. A CLOSURE OF A 30 MINUTE CANDLE ABOVE 10766 SPOT & 10744 FUTURES WILL SEE MUCH MORE HIGHER LEVELS AND IF THIS HAPPENS ON ANY DAY, THEN  ONE CAN USE EVEN THE MINUTEST OF DECLINES TO TRADE LONG FOR VERY GOOD GAINS.

 ON THE LOWER SIDE, A SLIDE TO BREACH AND CLOSE A 30 MINUTE CANDLE BELOW   10650 TO 10640 BOTH SPOT AND FUTURES ZONE  IS A SIGN OF WEAKNESS THAT CAN BE USED TO TRADE SHORT FOR GOOD GAINS ON THE DOWN SIDE. DOW HAVING RISEN BY 230 POINTS ON FRIDAY NIGHT, WILL BE MADE TO FALL ON MONDAY AND ITS FUTURES WILL BE KEPT NEGATIVE DURING THE LATER HALF OF INDIAN TRADING HOURS, NOT TO ALLOW INDIAN MARKETS TO RISE.

MARKETS FOR 01 JUNE NIFTY TURNED HIGHLY BULLISH AS WAS PREDICTED YESTERDAY AND THE BIG SPURT  DURING THE LAST 30 MINUTE  MAY BE CORRECTED A BIT ON FRIDAY. DOW AS USUAL PLAYS ITS NASTY GAME OF ALTERNATE DAYS OF RISE AND FALL, THAT IS IF ASIAN MARKETS RISE DURING THE DAY, THEN DOW CERTAINLY WILL BE MADE TO FALL IN THE NIGHT AND VICE VERSA. THIS IS TRUE IN 8 OUT OF 10 CASES. NO WONDER DOW WAS DOWN THIS NIGHT  BY NEARLY 270 POINTS THAT MAY GET REDUCED AFTER CLOSURE OF EUROPEAN MARKETS IN RED. SO, UNDERSTAND HOW DOW AND ITS FUTURES ARE MANIPULATED TO FOOL REST OF THE WORLD MARKETS & ALWAYS CARRY WELL HEDGED POSITIONS  TO COUNTER THE MENACE OF DOW & ITS FUTURES.

FOR FRIDAY, AS LONG AS SPOT NIFTY DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10650, IT IS BULLISH AND EVERY DECLINE TOWARDS 10700 SPOT IS A BUY WITH 10 TO 15 POINT STOP LOSS TO REVERSE AND TRADE SHORT. ADD MORE SHORTS IF A 30 MINUTE CANDLE CLOSES BELOW 10650 SPOT. A RISE BY SPOT NIFTY TO BREACH AND STAY ABOVE 10766 IS A BULLISH SIGNAL TO ADD MORE 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)  

 

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

 (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

IMPORTANT POINTS FOR OPTION TRADERS

 

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

  

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

     

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

      

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

      

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

      

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

 

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

 

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

 

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

 

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

 

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

 

 

 

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

 

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