cB132313

 

 

     

 

            

 

                                                    

 Home

       Contact   

SEBI

NSE

 

 

 

QUEENSTRADE 

 

queen---1

 

 

 

 

MARKETS  FOR 23  JUN 2017

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                    

 

 

MARKETS FOR    FRIDAY 23 JUN AS WAS EXPECTED NIFTY  FUTURES BREACHED 9700 TO TEST 9716 & THEN FROM AROUND 1.30 PM STARTED TO FALL  AND WENT AS LOW AS WEDNESDAYS LOWS OF 9616 TO CLOSE NEAR 9633 FUTURES. NIFTY WILL BE PULLED DOWN BY OPERATORS ON FRIDAY TO CLOSE AROUND OR BELOW LAST FRIDAY’S CLOSING LEVELS OF 9588 SPOT AND 9797 FUTURES.

INTRADAY TRADERS CAN TRADE SHORT IN CASE THEY FIND ANY RISE IS LOSING MOMENTUM OR IF NIFTY FUTURES FAILS TO RISE AND STAY ABOVE 9650. A RISE TO STAY ABOVE 9650 FOLLOWED BY A BREACH TO STAY ABOVE 9669 WILL BE THE FIRST SIGN OF STRENGTH. A CLOSURE OF EVEN A 10 MINUTE CANDLE ABOVE 9676 CAN SEE MASSIVE SHORT COVERING TOWARDS 9686 STAYING ABOVE WHICH THE FUTURES CAN RETEST WEDNESDAY’S HIGHS OF 9716.

A FAILURE TO BREACH AND STAY ABOVE 9669 INITIALLY & THEN ABOVE 9676 FUTURES WILL BE A SIGN OF WEAKNESS TO SLIDE TOWARDS THURSDAY’S LOWS OF 9616  AND A STAY BELOW 9616 TO 9612 FUTURES CAN EASILY SEE SUB 9600 TOWARDS 9590 OR LOWER LEVELS TO SEE   NIFTY NOT CLOSING ABOVE OR FAR AWAY FROM LAST WEEK’S CLOSING LEVEL OF 9588 SPOT AND 9595 FUTURES.

SINCE NIFTY FUTURES , SENSEX AND BNF HAVE MADE NEW LIFE TIME HIGHS WITHOUT TAKING NIFTY SPOT WITH THEM, EXPECT A COUPLE OF DAYS OF FLATNESS OR MILD CORRECTIONS BEFORE ANOTHER NEW LIFE TIME HIGH. SO SWING TRADERS USE DECLINES TOWARDS 9560 TO 9550 DURING THE COMING DAYS TO BOLDLY BUY AND HOLD WITH STOP LOSS BELOW 9550 ON A CLOSING BASIS TO QUIT LONGS AND GO SHORT.

MARKETS FOR    THURSDAY 22 JUN NIFTY TOOK ANOTHER DAY OF PAUSE AFTER THE BIG RISE OF MONDAY. NIFTY MADE AN INTRADAY LOW OF 9608 SPOT AND 9615 FUTURES TO BOUNCE SMARTLY FROM 2 PM ONWARDS TO MAKE AN INTRADAY HIGH OF 9650 SPOT AND 9668 FUTURES TO CLOSE THE DAY IN THE FORM OF A HAMMER. REMEMBER TO FOLLOW THE GOLDEN  RULE FOR BULL MARKETS, WHICH IS LOOK FOR A DECLINE TOWARDS THE PREVIOUS DAY’S LOWS TO BUY.

IN CASE THE LOW IS BREACHED BY A GAP DOWN AS WAS ON WEDNESDAY, THEN  LOOK FOR THE PREVIOUS DAY’S RANGE FROM THE GAP DOWN OPEN( IN CASE OF WEDNESDAY’S GAP DOWN OPEN AT 9644 FUTURES, AND TUESDAYS RANGE BEING 28 POINTS FOR FUTURES,  FROM GAP DOWN OPEN IT COMES TO THE BUYING POINT AT 9616 AND NIFTY FUTURE MADE A LOW OF 9615.80 ON WEDNESDAY THAT OFFERED MEGA BUYING OPPORTUNITY) OR GO FOR  NEAREST 100 ROUND FIGURE(IN THIS CASE NEARER TO 9600) TO BOLDLY BUY AND HOLD FOR THE RISE WHICH HAPPENED ON WEDNESDAY.

FOR THURSDAY, BOLDLY BUY AT THE OPEN IN CASE THE OPEN IS WEAK OR FLAT. HIGHLY MANIPULATED SGX NIFTY  WHICH IS POSITIVE NOW  IN THE NIGHT WILL BE PULLED DOWN IN THE MORNING OF THURSDAY TO INDUCE A NEGATIVE SENTIMENT AGAIN. USE THIS SITUATION TO BOLDLY BUY AND IN CASE GOES TOWARDS WEDNESDAYS LOWS OR 9600 THEN DOUBLE BUY.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, USE THE SLIGHTEST AMOUNT OF DECLINE TO BUY , ADD EVERY FALL OF 25 TO 20 POINTS. IN CASE THERE IS AN INITIAL RISE THEN LOOK FOR A PAUSE OR MILD FALL TO BUY. ADD MORE LONG POSITIONS IN CASE NIFTY FUTURES BREACHES WEDNESDAYS HIGHS OF 9669 TO 9675 ZONE AND STAYS ABOVE IT  TO CLOSE A CANDLE FOR MUCH HIGHER TARGETS.

AFTER A LUKEWARM RISE, IN CASE OF A  FAILURE TO BREACH AND STAY ABOVE THIS 9669 TO 9675 FUTURE ZONE, THEN THIS  CAN BE USED TO TRADE INTRADAY SHORTS AND WHETHER THERE IS RISE OR NOT A SLIDE TO BREACH AND STAY BELOW 9640 TO 9636 FUTURE ZONE CAN BE USED TO TRADE SHORT FOR GOOD INTRADAY GAINS TO BUY BACK AS NIFTY FUTURES APPROACHES WEDNESDAY’S LOWS OF 9615  AND MORE LONGS BE ADDED NEAR 9600 FUTURES.

REMEMBER THERE IS NOTHING WRONG IN INDIAN MARKETS. GOOD QUARTERLY RESULTS, EXCELLENT MONSOON SO FAR, FLURRY OF NEWS EVENTS SUPPORTING THE INDUSTRY, POLITICAL STABILITY, VISIBLE PROGRESS ON ALL FIELDS  ETC ARE MEGA BULLISH INDICATIONS TO BUY THE DECLINES AND HOLD.

MARKETS FOR   WED 21 JUN AS USUAL, AFTER THE BIG RISE OF MONDAY, NIFTY TOOK A PAUSE ON TUESDAY AND THIS PAUSE  MOST LIKELY WILL CONTINUE TO GIVE THE ANALYSTS A GOOD PRACTICE OF MUSICAL CHAIR TYPE ANALYSIS WITH A DAY OF BULLISHNESS, A DAY OF BEARISHNESS AND A DAY OF FLATNESS. COMMON TERMS LIKE RANGE EXPANSION, COMPRESSION, CHOPPY ETC WILL GENERATE EXCELLENT AMUSEMENT FOR TRADERS FOLLOWING THE ANALYSTS. BUT REMEMBER MARKETS ARE IN A MEGA BULL RUN AND OFFERS GREAT BUYING OPPORTUNITY ON THESE PAUSES / MILD CORRECTIONS TO SEE NEW AFTER NEW HIGHS.

THE NEW SWING LOW AT 9550 / 9560 SPOT AND FUTURES ARE THE CRUCIAL SUPPORTS A CLOSE BELOW WHICH ONLY SHOULD FORCE ONE TO CHANGE FROM  BULLISHNESS TO A MILDLY CORRECTIVE DECLINE. MOST LIKELY NIFTY SHORTLY WILL SEE A NEW LIFE TIME HIGH MUCH ABOVE 6TH JUNE HIGH OF 9709 SPOT. SO, USE DECLINES  TO BOLDLY BUY.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, FRIDAY’S HIGH OF 9697 FUTURE IS CRITICAL, A BREACH AND MORE IMPORTANTLY STAY ABOVE IT  IS A SIGN OF BULLISHNESS TO ADD ON TO THE LONG FUTURES. A FAILURE TO BREACH AND STAY ABOVE 9697 FUTURE IS A SIGNAL TO TRADE INTRADAY SHORTS AND MORE SHORTS BE ADDED IN CASE TUESDAY’S LOWS OF 9662 FUTURE IS BREACHED.

ALTERNATIVELY LOOK FOR DECLINES TOWARDS 9662 TO TRADE LONG WITH STOP LOSS BELOW 9656 FUTURES TO TRADE SHORT & A RISE TOWARDS TUESDAY’S HIGH OF 9690 BE USED TO TRADE SHORT WITH STOP LOSS ABOVE 9697 FUTURES TO REVERSE AND TRADE LONG. THESE LEVELS ARE VALID ONLY IF FUTURES TRADES ABOVE OR BELOW THESE LEVELS, A GAP UP OR GAP DOWN WITHOUT CLOSING A CANDLE ABOVE OR BELOW RESPECTIVE LEVELS CARRY  NO MEANING OTHER THAN GOOD TRAINING IN STOP LOSS CLEARANCE ONLY.

MARKETS FOR    TUESDAY 20 JUN NIFTY SPOT AS PER EXPECTATIONS OPENED WITH A BIG GAP UP AND MAINTAINED THAT GAP FOR THE REST OF THE DAY. WHAT IS MORE INTERESTING IS  THAT NIFTY CLOSED AT 9656 SPOT & 9675 FUTURES WHICH WERE HIGHER THAN THE HIGHS OF THEIR RESPECTIVE  FOUR PREVIOUS DAYS. WHAT OTHER BULLISH INDICATION OTHER THAN THIS YOU WANT.

CLOSE YOUR EYES AND USE EVERY SMALL INTRADAY DECLINE TO BUY FOR A NEW LIFE TIME HIGHS MUCH HIGHER THAN 6TH JUNE HIGHS OF 9709 SPOT & 9705 FUTURES. 15TH JUNE LOWS OF 9560 SPOT AND 9584 FUTURES ARE NOW GOOD SWING LOWS , A BREACH AND MORE IMPORTANTLY  CLOSE BELOW BOTH THESE LEVELS  WILL BE THE INDICATIONS TO QUIT LONGS AND TRADE SHORT FOR LOWER LEVELS. TILL THIS HAPPENS EVERY INTRADAY PAUSE OR CORRECTION IS A BUY ONLY FOR MUCH HIGHER LEVELS.

FOR INTRADAY TRADING OF NIFTY FUTURES AND BNF,  BREACHING AND STAYING ABOVE MONDAY’S HIGHS OF 9697 FUTURES & ABOVE 23767 BNF IS A SIGN OF STRENGTH TO TRADE LONG  AND AFTER A RISE OR PAUSE A FALL BELOW 9660 TO 9655 FUTURE ZONE & 23633 TO 23613 BNF ZONE IS A SIGN OF WEAKNESS TO TRADE SHORT FOR LOWER  INTRADAY LEVELS. (OTHER INTRADAY LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR    MONDAY 19 JUN NIFTY SPOT CLOSED  THE WEEK AT 9588 BELOW THE LOW OF IT’S PREVIOUS WEEK ENDING  9TH JUNE LOW OF 9608. ALTHOUGH IT IS A SIGN OF WEAKNESS, YET THE VOLUME IS NOT HIGHER THAN THE WEEKLY VOLUME OF LAST 10 WEEKS MEANING THAT THE FALL IS DUE TO RUNNING AWAY OF WEAKER HANDS. NIFTY SPOT MADE A WEEKLY LOW AT 9560 EXACTLY ON THE 5 WEEK EMA & IN THE DAILY CHARTS NIFTY HAS TAKEN SUPPORT AT THE 21 DAY EMA FOR 3 CONSECUTIVE DAYS. SO, TILL SUCH TIME SPOT NIFTY DOES NOT HAVE A DECISIVE CLOSE BELOW THIS 21 SAY EMA AROUND WEEKLY LOWS OF 9560 TO 9550, EVERY INTRADAY DECLINE TOWARDS 9560 TO 9550 SPOT SHOULD BE USED FULLY TO BOLDLY BUY. ONLY A DECISIVE CLOSE MUCH LOWER THAN 9560 TO 9550 SPOT ZONE CAN SEE SOME MORE DAYS OF FALLS TOWARDS THE CRITICAL 34 DAY EMA SLEEPING AROUND 9505 TO 9510 SPOT AND FUTURES.

NIFTY SPOT FROM 24TH MAY LOWS OF 9341 TOOK 9 DAYS TO REACH THE 6TH JUNE HIGH OF  9709 A RISE OF NEARLY 368 POINTS. AFTER THIS THE SLIDE FOR SAME 9 DAYS TO A LOW OF 9560  WHICH IS A FALL OF 150 POINTS THAT IS HALF OF THE RISE IN SAME TIME SPAN WITH MUCH MUCH LESSER VOLUME  CLEARLY INDICATES THE NEGATIVE MOMENTUM ON THESE FALLS OR PAUSES THAT WILL SEE A VIGOROUS RISE IN NIFTY VERY SOON TOWARDS ANOTHER LIFE TIME HIGH MUCH ABOVE 6TH JUNE HIGH OF 9709 SPOT SOON  AFTER THE PRESENT TIME CORRECTION IS OVER.

INTRADAY TRADERS MUST USE A RISE TOWARDS PREVIOUS DAY’S HIGHS TO TRADE SHORT AND A FALL TOWARDS OR BELOW PREVIOUS DAY’S LOWS TO BUY FOR GOOD INTRADAY GAINS. HAVE STOP LOSSES AT A REASONABLE DISTANCE ON A 30 MINUTE  CANDLE CLOSING BASIS OR QUIT AT THE DAY END & DO NOT CARRY INTRADAY POSITIONS (INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, ALL OPTIONS, STOCKS AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR    FRIDAY 16 JUN NIFTY SPOT CLOSED AT 9575 BELOW THE CRITICAL LEVEL OF 9580. SO, WHAT IS THE NEXT COURSE OF ACTION? SO SIMPLE, JUST CLOSE THE EYES AND GO LONG ON EVERY DECLINE TOWARDS OR BELOW THE PREVIOUS DAY’S LOWS. NIFTY SPOT  ALTHOUGH BREACHED 21 DAY EMA , HAS CLOSED AT THIS CRITICAL LEVEL AND THE VOLUME OF NIFTY FUTURES IS NOT LARGE AND IS SAME AS THE VOLUME OF WEDNESDAY SUGGESTING THAT THE SLIDE IS NOTHING ALARMING AND A GOOD RISE IS ON THE CARDS.

 AFTER THE SWING HIGH OF  9709 SPOT ON  6TH JUNE , NIFTY IS IN A PAUSE MODE FOR LAST 8 DAYS SIMILAR TO THE PAUSES AFTER THE SWING HIGHS OF  5TH APRIL OR 26TH APRIL OR  17TH MAY WHICH WERE FOLLOWED BY GOOD RISES. MOST LIKELY THIS PAUSE ALSO WILL BE FOLLOWED BY ANOTHER BIG RISE TOWARDS A NEW LIFE TIME HIGH ABOVE 6TH JUNE HIGH OF 9709 SPOT NEXT WEEK. SO, LOOK FOR DECLINES TO BUY BOLDLY AND HOLD LONG POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS NIFTY FUTURE DOES NOT BREACH TO STAY BELOW THURSDAY’S LOWS OF 9584 TO 9580 ZONE IT CAN BOUNCE  AND A RISE TO STAY ABOVE 9606 WILL SEE INITIAL BOUT OF SHORT COVERING. A FOLLOW UP RISE TO BREACH 9620 TO 9624 WILL SEE MASSIVE SHORT COVERING  THAT MAY PROPEL NIFTY FUTURES TOWARDS 9646  FOLLOWED BY EVEN LAST FRIDAY 9TH   JUNE WEEKLY CLOSING LEVEL OF 9682 FUTURE LEVELS IF NOT ON FRIDAY THEN IT WILL COME ON EARLY NEXT WEEK.

LAST WEEK NIFTY FUTURES HAD A WEEKLY LOW OF 9619 AND ONE SHOULD EXPECT NIFTY FUTURES TO HAVE A WEEKLY CLOSING ABOVE LAST WEEK’S LOWS. HENCE A SLIDE IF AT ALL COMES IN NIFTY FUTURES TOWARDS THURSDAYS LOWS OF 9584 TO 9580, THEN ONE SHOULD BOLDLY BUY FOR A MUCH BETTER CLOSING TOWARDS 9620 AT LEAST TO AVOID CERTAIN BEARISHNESS NEXT WEEK. HOWEVER A FAILURE ON THE PART OF NIFTY FUTURES TO RISE AND STAY ABOVE 9620 CAN BE USED TO TRADE INTRADAY SHORTS FOR GOOD  INTRADAY GAINS WITH STOP LOSS ABOVE 9620 TO REVERSE AND GO LONG BOLDLY FOR VERY GOOD INTRADAY GAINS.

MARKETS FOR    THURSDAY 15 JUN NIFTY SPOT ON WEDNESDAY MADE A LOW OF 9580 BUT FOUND HEFTY BULLS THERE WHO PULLED NIFTY UPWARDS TO CLOSE AT  9613 SPOT IN THE FORM OF A HAMMER ABOVE THE EARLIER GIVEN CRITICAL LEVEL OF 9590 SPOT. CLOSE THE EYES AND BUY NIFTY & BANK NIFTY FUTURES ON EVERY DECLINE TOWARDS THE PREVIOUS DAYS LOWS. IN CASE NIFTY  RISES AND STAYS ABOVE 9650 SPOT AND 9660 FUTURES TO CLOSE A 30 MINUTE CANDLE ABOVE THESE,THEN GO DOUBLE LONG.

REMEMBER MARKETS ARE IN A MEGA BULL PHASE TOWARDS 12000 OR HIGHER LEVELS, SO USE FLATS OR MILD CORRECTIONS AS GOD SENT OPPORTUNITIES TO BUY AND BUY ONLY. A DECISIVE CLOSE BELOW  14TH JUNE HAMMER LOWS OF 9580 SPOT SHOULD  BE THE DECIDER TO QUIT LONGS  WHICH ARE HELD SINCE 24TH MAY SWING LOWS OF  9341 SPOT.

JUST IGNORE MARKET HARASSING NEWS OR BEARISH ANALYSIS AND USE THESE THINGS AS A WEAPON TO GO LONG ONLY, AS LONG AS SPOT NIFTY DOES NOT CLOSE  BELOW THE 14TH JUNE HAMMER LOWS OF 9580 SPOT. HIGHLY MANIPULATED SGX NIFTY WHICH IS POSITIVE IN THE NIGHT  WILL BE PULLED DOWN BEFORE THE START OF INDIAN MARKETS TO INDUCE A NEGATIVE SENTIMENT & ALSO BOOST THE BEARISH ANALYSTS. USE THESE TO TRADE LONG AFTER MINOR DECLINES

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

MARKETS FOR MONDAY 12 JUN NIFTY CLOSED THE WEEK AROUND 9668 SPOT IN THE FORM OF A WEEKLY DOJI CANDLE. THE WEEKLY HIGH OF WHICH WAS AROUND 9709 AND WEEKLY LOW WAS  9608. THESE DOJI WEEKLY CANDLES FORMING MARKET TOPS FOREWARN OF SOME CORRECTION OR A PAUSE, HOWEVER THE MEGA BULLISHNESS TOWARDS 12000+ NIFTY IS A CERTAINTY IN THIS BULL RUN SUGGESTING THAT EVERY CORRECTIVE FALL OR PAUSE IS A GOLDEN OPPORTUNITY TO BUY AND ADD ON TO THE LONG AND MEDIUM TERM INVESTMENTS.

A WEEKLY CLOSE BELOW LAST WEEK’S DOJI CANDLE LOW OF 9608 SPOT CAN SEE SOME DAYS OR WEEKS OF CORRECTION  THAT MAY FIND STRONG WEEKLY SUPPORT AROUND 9340 SPOT WHICH IS THE  LOW OF THE MOTHER WEEKLY CANDLE THAT HAD FORMED A WEEKLY OUT SIDE CANDLE SETUP TO ITS PREVIOUS WEEKLY CANDLE OF 19TH MAY. A WEEKLY CLOSE ABOVE LAST WEEK’S DOJI CANDLE HIGH OF 9708 WILL SEE BEARS RUNNING FOR COVER  IN ALL DIRECTIONS.

IN THE DAILY CHARTS, NIFTY SPOT IS IN THE FORM OF A FLAT FORMATION WITH ALL SORTS OF COMBINATIONS OF DOJIS,7TH NR, HAMMERS AND SPIN TOPS. EVERYDAY NIFTY IS THREATENING AS IF IT WILL CRASH BY GOING BELOW THE CRITICAL 7TH JUN DOJI LOWS OF 9630 BUT AGAIN BOUNCING UP TO CLOSE ABOVE THE CRITICAL 9630 SPOT.. THE DAILY SPIN TOP CANDLE OF 1ST JUNE WITH LOWS OF 9590 IS CRITICAL FOR THE COMING DAYS ON A CLOSING BASIS. A DECISIVE CLOSE BELOW , YES CLOSE BELOW & NOT MERELY INTRADAY BREACH OF 9590 WILL CERTAINLY SEE  A FALL TOWARDS  17TH MAY SWING HIGH OF 9532 JUST BELOW THE CRITICAL 21 DAY EMA AROUND 9550. INITIALLY, A DAILY CLOSE BELOW FRIDAY 9TH JUNE LOWS OF 9608 TO 9600 MAY SEE LOWER LEVELS MENTIONED ABOVE.

ALTHOUGH THERE ARE NEGATIVE DIVERGENCES IN THE DAILY INDICATORS, ONE IS NOT SURE WHEN THESE NEGATIVE DIVERGENCES WILL FRUCTIFY TO SEE THE EXPECTED CORRECTION. ON ANY DAY A CLOSE ABOVE 9709 SPOT WILL CONFIRM THE CONTINUATION OF THE MEGA BULL RUN. SO, VERY SHORT TERM OR INTRADAY TRADERS CAN LOOK FOR A GAP UP OR ANY INTRADAY RISE  TOWARDS 9700 TO TRADE SHORT WITH STOP LOSS ABOVE 9709 SPOT ON A CLOSING BASIS.(INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, ALL OPTIONS, STOCKS AND STOCK FUTURES ARE FOR SUBSCRIBERS ONLY) THERE WILL BE NO UPDATING FOR TUESDAY 13TH AND WEDNESDAY 14TH JUNE. UPDATING WILL  RESUME FROM THURSDAY 15TH JUNE.

MARKETS FOR FRIDAY 09 JUN NIFTY CLOSED AT 9643 SPOT AND 9669 FUTURES JUST HIGHER THAN THE CRITICAL 9630 SPOT AND 9650 FUTURES. LAST FRIDAY NIFTY HAD THE WEEKLY CLOSING AT BOTH  9653 SPOT AND FUTURES AS THE 6TH CONSECUTIVE WEEK OF HIGHER HIGHS, HIGHER LOWS AND HIGHER CLOSINGS. THIS WEEK IT HAS ALREADY MADE A HIGHER HIGH AND A HIGHER LOW , SO IT IS BETTER  FOR THE BULLS THAT NIFTY HAS A MILDLY LOWER WEEKLY  CLOSING ON FRIDAY 9TH JUNE BELOW LAST WEEK’S CLOSING OF 9653 THAT WILL AGAIN SEE A SERIES OF BULLISH WEEKLY CLOSINGS FROM THE COMING WEEK ONWARDS.

A WEEKLY CLOSE ABOVE LAST WEEK’S HIGHS OF 9673 SPOT & FUTURES ON FRIDAY 9TH JUNE CAN SEE A CORRECTION OR A PAUSE NEXT WEEK.IN ANY CASE AS LONG AS SPOT NIFTY DOES NOT CLOSE FOR A DAY OR TWO MUCH BELOW 9630, THE CORRECTION MAY BE IN THE FORM OF A PAUSE OR TIME DELAY TO ROCKET UP AGAIN. A CLOSE BELOW 9630 FOR TWO DAYS IN A ROW CAN SEE A CORRECTION  TOWARDS 9588 OR 9544 SPOT DURING THE COMING WEEK. A WEEKLY CLOSE ABOVE 9673 FOR BOTH SPOT AND FUTURES ALTHOUGH IS A HIGHLY BULLISH SIGNAL TECHNICALLY FOR CONTINUATION OF THE UP MOVE, BUT ONE HAS TO BE CAUTIOUS  BECAUSE COMING WEEK WILL BE THE 8TH WEEK OF THIS  UP MOVE AFTER WEEKENDING 21ST APRIL SWING LOWS OF 9073 SPOT.

AVOID BELIEVING THIRD GRADE FOREIGN AGENCIES WHO GIVE FALSE NEWS TO ALLURE GENUINE INVESTORS SO THAT THE INNOCENT INVESTORS BUY  & THESE FRAUDULENT AGENCIES SELL THEIR HOLDINGS. A BRIGHT EXAMPLE OF THIS WAS A FRAUDULENT AGENCY SUGGESTING TATA STEEL TO GO ABOVE 700 & WHEN INNOCENT INVESTORS BOUGHT,  IT WENT UP FROM THURSDAYS  CLOSING OF 493 TO 513 GIVING BEST CHANCE TO THESE AGENCIES TO DISPOSE OFF THEIR HOLDINGS THAT SAW TATA STEEL FALL BY END TO CLOSE THE DAY BELOW 500 AS A DANGEROUS RED PIN BAR NEAR THE DAY LOW. SO, AVOID GETTING TRAPPED BY THESE FRAUDULENT AGENCIES AND AVOID THE  FINANCIAL CHANNELS ENCOURAGING SUCH FRAUDULENT AGENCIES FOR THEIR OWN GAINS BY BRINGING LOSS TO INNOCENT INVESTORS.

(INTRADAY TRADING LEVELS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR THURSDAY 08 JUN NIFTY FUTURE CLOSED THE DAY AT 9684 EXACTLY AT THE SAME LEVEL OF MONDAY 5TH JUNE. WITH  GOOD NEWS LIKE MONSOONS AND THE RBI’S EXPECTED ANNOUNCEMENT OF MAINTAINING STATUS QUO, ONE CAN NOW EXPECT THE RISE TO CONTINUE SLOWLY BUT STEADILY.

NIFTY SPOT HAS CLOSED AS A DOJI ON THURSDAY WITH LOWS AROUND  9630 AND HIGHS AROUND 9678 SPOT. THE LOW OF THIS DOJI AT 9630 SPOT IS CRITICAL AND A CLOSE FOR A DAY OR TWO MUCH BELOW THIS DOJI LOW OF 9630 SPOT WILL SEE LOWER LEVELS TOWARDS  1ST JUNE LOWS OF 9590 SPOT WHICH IS THE DECIDER WHETHER TO HOLD THE LONGS OR QUIT AND GO SHORT. BUT  REMEMBER IT IS THE CLOSE BELOW 9590 SPOT IS IMPORTANT, NOT THE MERE BREACH TO RISE AGAIN. ON THE HIGHER SIDE, 6TH JUNE’S MONSTER RED CANDLE HIGH OF 9609 SPOT  IS THE DECIDER, A CLOSE ABOVE WHICH WILL CLEAR THE PATH TOWARDS 10000 NIFTY IN QUICK TIME. SO, BOUNDARY  LINES ARE DRAWN, 9630 SPOT  OR 9590 SPOT ON THE LOWER SIDE FOR MUCH LOWER MOVE AND 9709 SPOT ON THE HIGHER SIDE FOR MUCH HIGHER SIDE.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, AS LONG AS NIFTY FUTURES STAYS ABOVE  TUESDAY’S LOWS OF 9658, ONE CAN HOPE FOR HIGHER LEVELS TOWARDS WEDNESDAY’S HIGHS OF 9698 OR EVEN  TUESDAY’S HIGHS OF 9704. BREACHING AND MORE IMPORTANTLY STAYING ABOVE 9704 CAN GENERATE MASSIVE SHORT COVERING TOWARDS HIGHER LEVELS OF 9717 OR 9727 FUTURE LEVELS. A FAILURE TO BREACH AND STAY ABOVE TUESDAY’S HIGHS OF 9704  CAN BE TRADED SHORT  AND MORE SHORTS BE ADDED IN CASE 9674  IS BREACHED TO SEE TUESDAY’S LOWS OF 9658 TO 9660. A BREACH OF 9660 TO 9658 FUTURES CAN WEAKEN NIFTY TOWARDS  9648 FOLLOWED BY 9633 TO 9630 FUTURES  FOR MEGA BUYING AGAIN . LOOK FOR DECLINES OR PAUSE TO BUY.

 

UPDATING WILL RESUME FROM THURSDAY 08 JUNE

MARKETS FOR MONDAY 05 JUN NIFTY CLOSED THE WEEK AT 9653 SPOT & IT WAS THE 6TH CONSECUTIVE WEEK OF HIGHER LOW, HIGHER HIGH AND HIGHER CLOSINGS. ONE SHOULD EXPECT ANOTHER TWO WEEKS OF RISE BEFORE SOME PAUSE OR CORRECTION TAKES PLACE  TO BE FOLLOWED BY ANOTHER UP MOVE. THE LOW OF WEEKENDING  26TH MAY AT 9341 SPOT IS CRITICAL SUPPORT AS IT HAS MADE A WEEKLY  OUT SIDE CANDLE SETUP WITH ITS PREVIOUS WEEK ENDING 19TH MAY WEEKLY CANDLE AND THIS WEEK’S WEEKLY CANDLE CLOSING AT 9653 HIGH ABOVE  THE WEEKENDING 26TH MAY OUTSIDE CANDLE SETUP FORMING MOTHER CANDLE HIGH OF 9606 SPOT IS A MEGA BULLISH SIGNAL FOR MUCH HIGHER LEVELS.

 ANY DECLINE FOR A DAY OR TWO SHOULD BE BOLDLY USED TO ADD TO THE LONG POSITIONS BY HAVING STOP LOSS BELOW 9545 ON A DAILY CLOSING BASIS TO QUIT LONGS . AS LONG AS WEEKENDING 26TH MAY LOW OF 9341 IS NOT BREACHED ON A CLOSING BASIS BULLS SHOULD HAVE NO FEAR AT ALL AND SLIDE TOWARDS IT TO BE AGAIN BOUGHT TO REVERSE FOR SHORTS ONLY BELOW 9341 SPOT ON A CLOSING BASIS/ CLOSING OF DAILY, WEEKLY OR EVEN INTRADAY 30, 15 MINUTES CANDLE BELOW THE SUPPORT OR ABOVE THE RESISTANCE IS IMPORTANT AND NEVER THE MERE BREACH TO TRIGGER STOP LOSSES AND MOVE BACK AGAIN.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY LOOK FOR DECLINES TO BUY AS LONG AS FUTURE REMAINS ABOVE 9626. ONLY A BREACH OF 9626 TO CLOSE A 30 MINUTE CANDLE BELOW 9626 FUTURES SHOULD FORCE ONE TO QUIT INTRADAY LONGS AND TRADE SHORT FOR QUICK INTRADAY GAINS. A FALL BELOW 9626 TO 9620  CAN SEE LOWER LEVELS OF 9600 TO 9595 FOR BUYING ACTION AGAIN. ON THE HIGHER SIDE A RISE & MORE IMPORTANTLY STAY ABOVE 9666 TO 9669 IS A BULLISH SIGNAL FOR HIGHER TARGETS OF 9677 , 9688 AND 9699 OR HIGHER LEVELS ABOVE 9700. A FAILURE TO BREACH AND STAY ABOVE 9666  WILL BRING INTRADAY WEAKNESS IN NIFTY FUTURES TO TRADE SHORT WITH STOP LOSS ABOVE 9669 TO REVERSE AND GO LONG FOR QUICK GAINS.

MARKETS FOR FRIDAY 02 JUN NIFTY CONTINUES WITH THE CONSOLIDATION  OFFERING GREAT OPPORTUNITY TO INTRADAY TRADERS TO BOLDLY BUY THE DECLINES TOWARDS OR BELOW 9600 FUTURE LEVELS AND BOLDLY SHORT ON BREACH OF PREVIOUS DAYS HIGHS FOR QUICK INTRADAY GAINS. CONTINUE THIS AS LONG AS NIFTY REMAINS WITHIN THIS CONSOLIDATION ZONE  OF 9650 TO 9690.

FOR FRIDAY, THE CONSOLIDATION  SIMILAR TO THURSDAY MAY CONTINUE WITH A NEGATIVE BIAS. AFTER A FALL IF FUTURE RISES ABOVE 9626 THEN IT IS A BULLISH SIGNAL AND AFTER A RISE IF IT SLIDES BELOW 9620 IT IS A WEAK SIGNAL. IN ANY CASE A RISE TO STAY ABOVE 9650 TO 9656 IS A STRONG SIGNAL FOR HIGHER TARGETS OF  9666 FOLLOWED BY 9686. HOWEVER A FAILURE TO RISE AND STAY ABOVE 9655 WILL INVITE INTRADAY SHORTERS WITH STOP LOSS ABOVE 9656.

A SLIDE TO  BREACH AND STAY BELOW 9620 TO 9615 IS A FURTHER SIGN OF WEAKNESS TO INCREASE INTRADAY SHORTS FOR LOWER LEVELS OF THURSDAY’S LOWS OF 9595 FOLLOWED BY EVEN 9585 TO 9575 FUTURE LEVELS  THAT WILL AGAIN INVITE HEAVY BUYING.

MARKETS FOR THURSDAY 01 JUN MAY MONTH HAS CLOSED ON A HIGHLY BULLISH NOTE AND IT WAS THE 5TH CONSECUTIVE MONTH OF HIGHER LOW, HIGHER HIGH AND HIGHER CLOSINGS AND AFTER DECEMBER 2016 MONTHLY HAMMER LOWS OF 7893 SPOT, EVERY MONTH HAS BEEN CLOSING ABOVE THE HIGHS OF PREVIOUS MONTH SUGGESTING ANOTHER 3 MONTHS OF HIGHER HIGHS, HIGHER LOWS AND HIGHER CLOSINGS TO MAKE IT 8TH IN A ROW. SO, USE EVERY DECLINE TOWARDS WEEKLY LOWS OR TOWARDS 9550 SPOT TO BUY. HOWEVER A DAILY CLOSE BELOW 9545  SPOT IS THE FIRST SIGNAL TO QUIT ALL SWING LONGS AND TRADE SHORT. TILL THEN LOOK FOR DECLINES TOWARDS 9580 OR 9550 SPOT AND FUTURES TO BOLDLY BUY FOR GOOD INTRADAY GAINS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, SGX MANIPULATORS WILL KEEP THE SGX NIFTY DOWN SO THAT NIFTY OPENS WEAK TO ENABLE THOSE MANIPULATORS TO BUY THE DECLINES. IN ANY CASE A SLIDE  AND REMAINING BELOW WEDNESDAY’S LOWS OF 9607 WILL BE A SIGN OF WEAKNESS TO TRADE INTRADAY SHORTS TOWARDS LOWER LEVELS OF 9580 TO 9570 FUTURE LEVELS WHERE ONLY ONE CAN PLAN TO BUY FOR INTRADAY GAINS. OR ONE CAN BUY THE INITIAL SLIDE TOWARDS WEDNESDAY’S LOWS OF 9606  AND IN CASE 9600 ON A 15 MINUTE CANDLE CLOSING BASIS IS BREACHED THEN QUIT TO DOUBLE BUY BETWEEN 9580 TO 9570 FUTURE ZONE.

ON THE HIGHER SIDE, IN CASE WEDNESDAY’S LOW OF 9606 IS NOT BREACHED AND NIFTY FUTURES AFTER SUSTAINING ABOVE 9626 MANAGES TO MOVE UP AND STAY ABOVE 9650 THEN ONE CAN EXPECT MASSIVE SHORT COVERING AND INTRADAY BUYING TOWARDS 9675 TO 9685 FUTURE LEVELS. BUT REMEMBER A 30 MINUTE CANDLE CLOSE BELOW WEDNESDAY’S LOWS OF 9606 IS A CERTAIN SIGN OF WEAKNESS THAT WILL FAVOR SHORTS .

 

MARKETS FOR WED 31ST MAY BOTH NIFTY SPOT & NIFTY FUTURES HAVE MADE  INSIDE DAY CANDLES ON TUESDAY, THUS THE EXTREMITIES OF MONDAY’S MOTHER CANDLE WITH HIGH OF  9638 SPOT &  9640 FUTURES AND LOWS OF  9547 SPOT AND 9543 FUTURES WILL PLAY A CRITICAL ROLE ON A CLOSING BASIS. A CLOSE ABOVE MONDAY’S HIGH WILL SEE ANOTHER SHARP UP MOVE AND A CLOSE BELOW MONDAY’S LOWS WILL SEE A SHARP CORRECTION FOR AT LEAST ONE OR TWO DAYS BEFORE RESUMING THE MEGA BULL RUN.

INTERESTINGLY, THE DAILY CANDLES OF TUESDAY ARE ALSO VERY NARROW RANGE 7TH NR CANDLES FOR BOTH SPOT AND FUTURES  A CLOSE ABOVE WHICH CAN SEE ANOTHER SHARP UP MOVE AND A CLOSE BELOW TUESDAY’S LOWS CAN SEE A GOOD DOWN MOVE BEFORE RESUMING THE MEGA BULL RUN .

FOR INTRADAY TRADING OF NIFTY FUTURES AND BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY ARE FOR

MARKETS FOR TUESDAY 30THMAY NIFTY CLOSED ABOVE 9600 AND ON TUESDAY, AFTER A PAUSE OR MILD INTRADAY CORRECTION WILL RISE AGAIN. SO USE DECLINES  TOWARDS 9580 FUTURE LEVELS TO BOLDLY BUY AND IN CASE NIFTY FUTURES MOVES TOWARDS 9550 TO MONDAY’S LOWS OF 9543 THEN DOUBLE BUY NIFTY FUTURES FOR GOOD INTRADAY GAINS.

ON THE HIGHER SIDE, NIFTY FUTURES IF MOVES TOWARDS 9630 OR TOWARDS MONDAY’S HIGHS OF 9639 THEN IT IS BULLISH FOR HIGHER LEVELS OF  9656 & THEN 9669 LEVELS. AFTER A FALL IF NIFTY FUTURE RISES TO STAY ABOVE 9606 IT WILL BECOME BULLISH AND AFTER A RISE IF IT FALLS TO STAY BELOW 9590 THEN IT WILL TURN BEARISH

MARKETS FOR MONDAY 29THMAY NIFTY SPOT CLOSED THE WEEK AT 9595 MUCH HIGHER THAN ITS PREVIOUS WEEKLY DOJI HIGH OF 9532 WHICH IS A HIGHLY BULLISH SIGNAL AGAIN  TO LOOK FOR DECLINES OR EVEN A MILD PAUSE TO BOLDLY BUY. WEEKLY CANDLE OF WEEKENDING 26TH MAY HAS FORMED A WEEKLY OUT SIDE CANDLE SETUP WITH THE PREVIOUS WEEKLY CANDLE OF WEEKENDING 19TH MAY.

A DECISIVE BREACH OF 9606 SPOT, THE HIGH OF THE MOTHER WEEKLY CANDLE OF WEEK ENDING 26TH MAY CAN SEE A QUICK JUMP TOWARDS 9750 OR EVEN 9800. A FALL TO DECISIVELY BREACH THE SAME WEEKLY MOTHER CANDLE LOW OF 9341 SPOT CAN SEE BIGGER FALLS. SO, ONE CAN BUY EVERY DECLINE AND HOLD WITH STOP LOSS BELOW 24TH MAY SWING LOW OF 9341 SPOT ( 9350 FUTURES)A CLOSE BELOW WHICH ONE CAN QUIT LONGS AND TRADE SHORT.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, FUTURE LEVEL OF 9570 IS CRITICAL ON A 30 MINUTE CANDLE CLOSING BASIS  & IF THAT HAPPENS THEN EXPECT BIGGER FALLS TO COMPENSATE A PORTION OF THE BIG RISE OF THURSDAY AND FRIDAY. A SLIDE TO CLOSE A CANDLE BELOW 9570 CAN SEE SHORTING INTEREST  DEVELOPING TO SEE LOWER NIFTY FUTURE LEVELS OF 9545 BELOW WHICH  WILL SEE BIGGER FALLS TOWARDS  9510 TO 9500 OR LOWER FUTURE LEVELS.

IF BULLS DO NOT ALLOW A 30 MINUTE CANDLE CLOSE BELOW 9570 AND LIFT NIFTY FUTURES TOWARDS 9600 THEN EXPECT ANOTHER BOUT OF BIG SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS  9625 FOLLOWED BY 9635 TO 9640 OR HIGHER LEVELS. USE EVERY DECLINE TO BUY OR ADD TO THE HELD POSITIONS IN  RELIANCE, ITC TATASTEEL, TATA MOTORS, BHEL, PETRONET FOR VERY GOOD GAINS.

MARKETS FOR FRIDAY 26THMAY NIFTY MADE A GREAT MOVE ON THE EXPIRY DAY  TYPICAL OF MEGA BULL MARKETS. LAST FRIDAY NIFTY SPOT HAD MADE A HIGH OF  9533 , LOW OF 9390 AND HAD THE WEEKLY CLOSING OF 9428. THIS WEEK NIFTY SPOT HAS ALREADY MADE A LOWER LOW AT 9341 , SO EXPECT A HIGHER CLOSE THIS WEEK ALSO. THE BULLISH MOVE OF THURSDAY WHICH MOSTLY WAS LED BY SHORT COVERING SHOULD SEE THE UP MOVE CONTINUING TO BREACH 9533 SPOT WHICH WAS THE HIGH OF LAST WEEK. A FAILURE TO  BREACH LAST WEEK HIGH TO CLOSE ABOVE IT MAY SEE A FEW DAYS OF PAUSE DURING REMAINING 3 DAYS OF MAY MONTH.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, EXPECT A MILD CORRECTION ON FRIDAY TO BE BOLDLY BOUGHT INTO. NIFTY FUTURES  AS LONG AS DOES NOT BREACH 9455, IT CONTINUES TO REMAIN STRONG AND A BREACH OF  9525 TO STAY ABOVE IT CAN SEE ANOTHER BOUT OF SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS 9550 OR EVEN HIGHER LEVELS. A FAILURE TO BREACH AND STAY ABOVE 9525 CAN SEE SHORTING INTEREST  AND A SLIDE BELOW 9455 TO 9560 CAN SEE MORE WEAKNESS TO SEE BIGGER SLIDE TOWARDS 9444 OR 9433 OR LOWER  FUTURE LEVELS.

MARKETS FOR THURSDAY 25THMAY

AVOID TRADING BOTH IN NIFTY FUTURES AND BANK NIFTY FUTURES ON THE EXPIRY DAY. ENJOY ALL THE GAINS MADE  SO FAR AND RELAX FOR NEXT COUPLE OF DAYS

MARKETS FOR WED 24THMAY NIFTY SPOT MADE A LOW OF 9370 AND CLOSED AT 9380 MUCH BELOW THE CRITICAL 9423 WHICH WAS THE LOW OF THE 7TH NR CANDLE OF 15TH MAY. THE FALL WAS TRIGGERED BY A MUCH DELAYED NEWS ON ARMY ATTACKING PAK POSTS WHICH ACTUALLY HAD TAKEN PLACE LONG BACK ON 9TH OF MAY BUT WAS RELEASED TODAY. THIS SAW NIFTY FALLING FROM 2 PM HIGH OF 9436 SPOT TO A 3.08 PM LOW OF 9370 SPOT. JUST IMAGINE HOW OUR NEWS CHANNELS CAN PLAY HAVOC WITH STOCK MARKETS BY SENSATIONALIZING AN OLD NEWS OF 9TH MAY.THIS IS INDIAN STOCK MARKETS AND ANY JOKER CAN INFLUENCE IT AS PER HIS DESIRE.

AS WAS WRITTEN YESTERDAY, AVOID FUTURES TRADING, USE WHATEVER INTRADAY RISE POSSIBLE TOWARDS 9410 TO BOLDLY SHORT 9500, 9450 OR EVEN 9400 CALLS AND BUY LIMITED PUTS OF 9400 TO QUIT IF NIFTY TRADES ABOVE 9414 TO 9424 ZONE. TILL EXPIRY ENDS, TRADE VERY VERY LIMITED  NUMBER OF LOTS OR AVOID TRADING TILL EXPIRY IS OVER. IT IS ALWAYS DURING THE EXPIRY WEEK TRADERS LOSE THE MAXIMUM. FOR INTRADAY TRADING ON WEDNESDAY, A BREACH AND STAY ABOVE 9420 IS A BULLISH INDICATION AND A FAILURE TO BREACH AND STAY ABOVE 9420 IS A SIGN OF WEAKNESS.(REMAINING TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR TUESDAY 23RDMAY NIFTY CLOSED AT 9438 SPOT STILL ABOVE 15TH MAY  7TH NR CANDLE LOW OF 9423. THE GAP UP OPENING HIGH DID NOT SUSTAIN AND NIFTY FELL TO A DAY LOW OF 9427 BEFORE RISING TO CLOSE NEAR 9438. TILL EXPIRY BETTER TO AVOID FUTURE TRADING , LOOK FOR INTRADAY RISE  TOWARDS PREVIOUS DAYS HIGHS TO SHORT 9500 CALLS OR BUY 9500 PUTS AND AS NIFTY APPROACHES OR BREACHES PREVIOUS DAYS LOWS OR 9400 THEN BOOK PROFIT ON BOUGHT PUTS OF 9500 AND BUY CALLS OF 9400. THIS SHOULD CONTINUE TILL EXPIRY OR TILL SUCH TIME NIFTY DOES NOT HAVE A DECISIVE CLOSE BELOW 9423 SPOT FOR A BIGGER FALL OR DOSE NOT RISE TO CLOSE ABOVE 9505 FOR A BIGGER RISE. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES, BNF, STOCK FUTURES & ALL OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR    MONDAY 22ND MAY NIFTY SPOT CLOSED THE WEEK AT 9428 SPOT IN THE FORM OF A WEEKLY PIN BAR WITH THE WEEKLY LOW OF  9390 AND WEEKLY HIGH OF 9532 SPOT. THIS WEEK’S CLOSE AT 9428 IS AGAIN MUCH HIGHER THAN LAST WEEKENDING 12TH MAY CLOSE OF 9400 SPOT. IN THE DAILY CHARTS NIFTY SPOT CLOSING ABOVE THE LOW OF 15TH MAY 7TH NR CANDLE LOW OF 9423 AFTER TWICE BREACHING IT FOR TWO CONSECUTIVE DAYS ON THURSDAY AND FRIDAY IS A CLEAR SIGN THAT BULLS ARE JUST WAITING FOR AN OPPORTUNITY TO SEE NIFTY SPOT FALL BELOW 9400 TO BOLDLY BUY REGARDLESS OF ANYTHING AND TAKE IT OP TOWARDS THE END OF THE DAY.

TRADERS ALSO SHOULD FOLLOW THIS PRINCIPLE OF WAITING FOR A CHANCE TO FIND  9400 SPOT AND FUTURES TO BE APPROACHED OR EVEN BREACHED  BY NIFTY TO BOLDLY BUY FOR INTRADAY GAINS BY DAY END. LAST MONTH ENDING APRIL 2017, SPOT NIFTY HAD MADE A HIGH OF  9367 AND HAD CLOSED AT 9304. SINCE  MONTH ENDING JANUARY 2017, NIFTY HAS BEEN MAKING HIGHER HIGHS, HIGHER LOWS AND HIGHER CLOSINGS AND MORE IMPORTANTLY EVERY MONTH SINCE JANUARY 2017 NIFTY IS CLOSING ABOVE THE HIGH OF ITS PREVIOUS MONTH’S HIGH THUS SHOWING THE MEGA BULLISHNESS OF THIS MARKET. THIS WILL BE THE 5TH CONSECUTIVE MONTH TO MAKE HIGHER HIGH, HIGHER LOW AND HIGHER MONTHLY CLOSINGS.

THE INDICATORS IN THE WEEKLY CHARTS CONTINUE TO DELIVER ROBUST SIGNALS AND THERE ARE NO INDICATION OF ANY FATIGUE OTHER THAN THE WEEKLY PIN BAR FORMED WITH A LOW OF 9390. A WEEKLY CLOSE BELOW THIS WEEKLY PIN BAR LOWS OF 9390 IS A GO AHEAD SIGNAL TO JUST CLOSE THE EYES, OFFLOAD ALL LONGS AND GO DOUBLE SHORT. TILL THIS HAPPENS EVERY DECLINE TOWARDS OR BELOW 9390 SPOT IS A MEGA BUY SIGNAL. A BREACH OF THIS WEEK’S HIGH OF  9533 SPOT WILL CHOP OFF ALL THE NEGATIVE SIGNALS EMERGING OUT OF THIS WEEKLY PIN BAR. FOR THIS MONTHS EXPIRY ON THURSDAY 25TH, LOOK FOR RISE TOWARDS 9500 OR HIGHER LEVELS TO BRUTALLY SHORT 9500 CALLS BUY HOLDING ON TO LONG FUTURES.

IN THE WEEKLY CHARTS, SINCE JANUARY THIS YEAR, 8 WEEKLY EMA HAS BEEN ACTING AS A SPRING BOARD TO CATAPULT NIFTY IN CASE OF ANY INTRADAY DECLINE AND IT HAS NOT BEEN BREACHED SINCE JANUARY 2017. THIS RISING 8 WEEKLY EMA AROUND 9300 NOW SHOULD ACT AS A SPRING BOARD FOR SPOT NIFTY IN FUTURE. SIMILARLY BOTH 3 & 5 WEEKLY EMAS ARE ALSO IS PROVIDING STRONG WEEKLY CLOSING SUPPORT TO NIFTY. SINCE WEEKENDING 30 DECEMBER 2016, NIFTY ALTHOUGH HAS BREACHED 3 OR 5 WEEKLY EMAS BUT IT HAS MOVED UP TO CLOSE THE WEEK ABOVE THESE TWO EMAS.(WEEK ENDING 21ST APRIL WAS THE ONLY WEEK TO CLOSE BELOW 3 WEEKLY EMA & EXACTLY ON THE 5 WEEKLY EMA).

THIS WEEK ENDING 19TH MAY ALSO NIFTY MADE A LOW OF 9390 SPOT EXACTLY ON THE 3 WEEKLY EMA. FOR THE COMING WEEK, THIS RISING 3 WEEKLY EMA WILL BE AROUND 9400 AND RISING 5 WEEKLY EMA WILL BE AROUND 9360(AROUND WHICH FLOATS THE RISING 21 DAY EMA ALSO),THAT WILL PROVIDE CLOSING SUPPORT TO NIFTY IN CASE OF ANY PULL DOWN.IN ANY CASE A DECISIVE CLOSE FOR A DAY OR TWO  BELOW 15TH MAY 7TH NR CANDLE LOW OF 9423 WILL BE THE FIRST INDICATION OF BIGGER FALLS TOWARDS 12TH MAY LOW OF 9372 SPOT OR EVEN TOWARDS 2ND & 5TH MAY DOUBLE BOTTOM LOWS OF 9270 SPOT ALTHOUGH   21 DAY EMA FLOATS AROUND 9360 TO PROVIDE GOOD SUPPORT. SIMILARLY ON THE HIGHER SIDE, A RISE ON ANY DAY TO DECISIVELY BREACH  17TH MAY HIGH OF 9533 SPOT WILL SEE ANOTHER 100 TO 150 POINT RISE IN NIFTY BY MERE STRENGTH OF SHORT COVERING DUE TO THE NULLIFICATION OF THE WEEKLY PIN BAR HIGH.

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

MARKETS FOR    FRIDAY 19THMAY NIFTY SPOT WAS PERFECTLY MANIPULATED TO CLOSE EXACTLY AT 9423 WHICH WAS THE LOW OF 15TH MAY 7 NR CANDLE, A CLOSE MUCH BELOW WHICH SHOULD FORCE VERY SHORT TERM TRADERS TO  HOLD THE LONGS BUT DOUBLE SHORT 9500,9450 AND 9400 CALLS ON EVERY INTRADAY RISE TO POCKET THE PREMIUM ON THESE CALLS.

QUITTING LONG FUTURES AND SHORTING MAY BE DANGEROUS IN THIS BULL MARKETS. SO HOLD LONGS, ADD THE DECLINE OF EVERY 50 POINTS AND USE INTRADAY RISE TO BOLDLY SHORT 9500,9450 AND 9400 CALLS. REMEMBER THERE IS NOTHING WRONG WITH INDIAN MARKETS, SO USE EVERY FALL OF 50 POINTS TO ADD FUTURES. HOWEVER TRADING BELOW 9423 SPOT IS A SIGN OF WEAKNESS THAT CAN BE USED BY INTRADAY TRADERS TO TRADE SHORT BUT COVER BY DAY END OR AFTER BOOKING QUICK INTRADAY PROFIT

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AS LONG AS NIFTY FUTURE STAYS BELOW 9460 TO 9470 ZONE IT IS WEAK AND A RISE TO STAY ABOVE THIS ZONE CAN SEE GOOD RISE. A SLIDE BELOW 9414 CAN BE USED BY INTRADAY TRADERS TO TRADE SHORT FOR QUICK GAINS. IN CASE OF RISE, A CLOSURE OF A 15 MINUTE CANDLE ABOVE 9464 SPOT & 9484 FUTURES ON ANY DAY IN FUTURE IS SIGNAL TO CLOSE THE EYES AND GO LONG.

MARKETS FOR    THURSDAY 18THMAY AFTER A FEW DAYS OF BREAKOUT MOVE, EXPECT A PAUSE. THE PAUSE IS NOT BECAUSE OF OVERNIGHT DOW OR MANIPULATED SGX NIFTY ON THE MORNING OF THURSDAY, IN FACT WHEN DOW WAS RISING EARLIER NIFTY WAS FALLING. SO USE THE DOW INDUCED FALL TO BOLDLY BUY AND HOLD. INITIALLY DO NOT DO ANYTHING, LET DOW OPERATORS HANDLE OUR MARKETS TO PULL IT DOWN, DO NOT PANIC, WAIT FOR THE RIGHT OPPORTUNITY TO BOLDLY BUY AND HOLD FOR FRIDAY OR NEXT WEEK.

REMEMBER  THE CANDLE OF 15TH MAY WAS A 7TH NR CANDLE WITH LOWS AROUND 9423 SPOT. SO, AS LONG AS SPOT NIFTY DOES NOT FALL BELOW 9423 TO CLOSE FOR A DAY MUCH BELOW IT, EVERY DECLINE IS A GOLDEN OPPORTUNITY TO BUY. A CLOSE BELOW THE 15TH MAY 7TH NR CANDLE LOW OF 9423 SPOT ONLY CAN PULL NIFTY FURTHER DOWN TOWARDS NEXT SUPPORT AROUND 2ND & 5TH MAY DOUBLE BOTTOM LOWS OF 9270 SPOT WITH A HALT AROUND 12TH MAY  HAMMER LOWS OF 9372 SPOT.

FOR INTRADAY TRADING ON THURSDAY, EXPECT THE FALL TO BE BOUGHT INTO AS LONG AS NIFTY DOES NOT CLOSE A 30 MINUTE CANDLE BELOW 9484 SPOT AND 9493 FUTURES. IF THIS HAPPENS THEN EXPECT FURTHER FALL TOWARDS 9470 SPOT & 9460 FUTURES. A BOUNCE FROM AROUND WEDNESDAY’S LOWS OF 9486 SPOT & 9493 FUTURES TO CLOSE A 30 MINUTE CANDLE ABOVE THESE, AFTER INITIAL BREACH OF IT IS A BULLISH SIGNAL TO TRIGGER SHORT COVERING.

AFTER THE FALL IF NIFTY FUTURES RISES TO BREACH AND STAY ABOVE WEDNESDAY’S HIGHS OF 9538 FUTURES, IT IS A MEGA BULLISH SIGNAL AGAIN. A CLOSURE OF A 30 OR EVEN A 15 MINUTE CANDLE BELOW 9511 FUTURES IS THE INITIAL INDICATION TO TRADE INTRADAY SHORT FOR QUICK GAINS. EXPECT THE PAUSE ON THURSDAY TO BE FOLLOWED BY THE RESUMPTION OF BULL RUN ON FRIDAY OR ON MONDAY. SO, DO NOT PANIC BY SEEING WHAT HAPPENS TO DOW OR HIGHLY MANIPULATED SGX NIFTY. USE DECLINES TO BUY & FOR HEDGING PURPOSE ONE CAN WRITE 9500 OR 9600 CALLS ON RISE OF NIFTY.  

MARKETS FOR   WED 17THMAY THE BREAKOUT MOVE CONTINUES AND EXPECT MORE AND MORE UP SIDE WITH MILD PAUSES IN BETWEEN. LOOK FOR DECLINES TO BUY FUTURES  OF NIFTY, BANK NIFTY, TATA STEEL, TATAMOTOR , RELIANCE, ITC AND SOME HEAVY ENGINEERING STOCKS WHICH HAVE NOT RISEN FOR COUPLE OF DAYS AND HAVE FALLEN.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, NIFTY FUTURE MAY REMAIN SLUGGISH AS LONG AS IT REMAINS BELOW 9540 AND ABOVE 9540 IT MAY GATHER UPSIDE MOMENTUM TOWARDS MUCH HIGHER LEVELS OF 9555,9565 TO 9575 LEVELS. A FAILURE TO BREACH AND STAY ABOVE 9540 CAN SEE INTRADAY SELLING AND A FALL TO BREACH 9500 TO 9494 ZONE CAN SEE BIGGER FALLS. SO USE ANY DECLINE TO BUY, ADD MORE ON APPROACH TOWARDS 9500 TO 9495  FUTURES WITH STOP LOSS BELOW IT TO REVERSE FOR SHORTS. SHORTES CAN PLAN TO SHORT ON APPROACH TOWARDS TUESDAYS HIGHS OF 9535 TO 9540 WITH STOP LOSS ABOVE 9540 TO REVERSE FOR LONGS.

MARKETS FOR    TUESDAY 16THMAY NIFTY CONTINUED WITH ITS UP MOVE AFTER A DAY OF PAUSE ON FRIDAY AND ONE SHOULD EXPECT TUESDAY TO SEE CONTINUATION OF THE UP MOVE. THE RANGE WAS VERY TIGHT ON MONDAY WITH SPOT  HAVING A DAILY RANGE OF 26 POINTS AND FUTURES HAVING A RANGE OF ONLY 20 POINTS THUS MAKING PERFECT 7TH NR CANDLES. THESE ARE THE INDICATIONS JUST BEFORE A SHARP MOVE. SO HAVE STOP LOSS BELOW FRIDAYS LOWS OF 9372 SPOT & 9389 FUTURES ON A DAILY CLOSING BASIS AND BOLDLY USE EVERY INTRADAY DECLINE TO BUY AND HOLD FUTURES AND STOCKS WHICH HAD REMAINED SLUGGISH FOR LAST COUPLE OF DAYS.( INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 MARKETS FOR    MONDAY 15THMAY NIFTY CLOSED THE WEEK ON FRIDAY AT 9401 SPOT AND 9415 FUTURES THAT WAS HIGHER THAN THE HIGHS OF ITS PREVIOUS WEEK ENDING 5TH MAY, WHICH TECHNICALLY IS A HIGHLY BULLISH SIGNAL FOR THE COMING WEEK. WEEK ENDING  28TH APRIL WAS A MONSTER BREAKOUT WEEKLY GREEN CANDLE THAT WAS FOLLOWED BY THE WEEKLY NR CANDLE OF WEEKENDING 5TH MAY WHICH HAD MADE A HIGHER WEEKLY HIGH. 5 WEEKLY EMA AROUND THE WEEKLY LOW OF  9297 SPOT FOLLOWED BY 8 WEEKLY EMA AROUND 9191 SPOT ARE VERY STRONG WEEKLY SUPPORTS WHICH SHOULD NOT BE IGNORED.

NOW THE WEEKENDING 12TH MAY WEEKLY CANDLE CLOSING HIGH ABOVE THE HIGHS OF ALL ITS PREVIOUS WEEKLY CANDLES IS A CLEAR SIGN OF CONTINUATION OF THE BREAKOUT SUGGESTING BOLDLY BUY THE DECLINES TO RIDE THE MEGA BULL RUN & DON’T FALL A PRAY TO THE MYOPIC IDEA OF EMPTYING ALL LEVERAGED POSITIONS ETC. IN FACT LOOK FOR DECLINES AS GOD SENT OPPORTUNITY TO BOLDLY BUY AND HOLD TO RIDE THE BULL RUN.

AT THE WORST , ONE CAN HEDGE BY WRITING 9500 CALLS ON MARKET RISE BUT NEVER EVER COMMIT THE BLUNDER OF EMPTYING THE LEVERAGED POSITIONS IF YOU  ARE A SWING TRADER. HOWEVER INTRADAY TRADERS CAN TRADE BOTH LONG AND SHORT DEPENDING ON THE INTRADAY FLUCTUATIONS BUT NEVER EVER QUIT LONGS OR EMPTY ALL LEVERAGED POSITIONS TILL SUCH TIME SPOT NIFTY DOES NOT FALL TO CLOSE BELOW THE SWING LOW OF 9075 SPOT OR EVEN A WEEKLY CLOSE BELOW 8 WEEKLY EMA  AROUND 9191 SPOT.

IN THE DAILY CHARTS, BOTH THE RISING 8 DAY EMA AROUND 9350 AND 13 DAY EMA AROUND 9339 WILL BE PROVIDING STRONG CLOSING SUPPORTS TO NIFTY SPOT AND TILL SUCH TIME SPOT NIFTY DOES NOT FALL TO CLOSE BELOW BOTH 8 AND 13 DAY EMAS  OR BELOW 9270 JUST USE DECLINES TOWARDS THESE  OR TOWARDS TWIN BOTTOMS OF 2ND AND 5TH MAY AROUND 9270 SPOT TO BOLDLY ADD LONGS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, LOOK FOR ANY INTRADAY DECLINE TOWARDS FRIDAY’S LOWS TO BOLDLY BUY AND HOLD. AFTER A FALL, A RISE BY FUTURES TO BREACH AND STAY ABOVE 9420 IS A SIGN OF STRENGTH .A FAILURE TO RISE AND STAY ABOVE FRIDAY’S HIGHS OF 9440 TO 9443 CAN BE USED TO TRADE INTRADAY SHORT WITH STOP LOSS ABOVE IT TO REVERSE AND GO LONG FOR QUICK GAINS.(REMAINING LEVELS FOR SUBSCRIBERS ONLY)

   

MARKETS FOR    FRIDAY 12THMAY THE BREAKOUT  UP MOVE CONTINUED ON THURSDAY AND IS LIKELY TO BE FOLLOWED ON FRIDAY TOO. ALTHOUGH DOW FUTURES AND SGX WILL BE KEPT SUBDUED TO ADVERSELY INFLUENCE ASIAN MARKETS & SPECIALLY INDIAN OPENING, USE THESE FOREIGN OPERATORS INFLUENCED FALL TO BOLDLY BUY AND CARRY LONGS AS NIFTY IS PERFECTLY SET FOR MUCH HIGHER LEVELS.

LAST WEEK NIFTY HAD CLOSED AT 9285 SPOT AND  9316 FUTURES AFTER MAKING WEEKLY HIGHS OF 9377 SPOT AND 9384 FUTURES. SO, BE REASONABLY SURE TO SEE MANIPULATORS PULLING DOWN NIFTY TO CLOSE BELOW HIGHS OF LAST WEEK WHICH WAS A TRUNCATED WEEK. WEEKLY CLOSE ABOVE HIGHS OF PREVIOUS WEEK WILL  BE MEGA BULLISH FOR THE COMING WEEK STARTING 15TH MAY WHICH THE MANIPULATORS WILL TRY THEIR BEST TO HIDE. SO IN CASE THERE IS A PULL DOWN TOWARDS END OF FRIDAY, THEN  USE IT TO BOLDLY BUY AND ADD LONG POSITIONS. GENERALLY THE BREAKOUT MOVE AFTER 8 DAYS OF CONSOLIDATION SEES VIGOROUS UP MOVE AND AFTER DOUBLE HARAMI OF 8TH & 9TH MAY THE MONSTER BREAKOUT GREEN CANDLE OF THURSDAY  IS THE PROOF FOR MUCH MORE BIGGER MOVES NEXT WEEK IF FRIDAY ALSO CLOSES FLAT TO MILD OR EVEN WEAK.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, AFTER THE MANIPULATORS DRIVEN SLIDE, IN CASE NIFTY FUTURE  RISES AND STAYS ABOVE 9450 THEN IT WILL TRIGGER  GOOD SHORT COVERING RISE  AND A RISE TO BREACH AND STAY ABOVE THURSDAY’S HIGHS OF 9464 CAN SEE SOLID JUMP IN NIFTY FUTURES TOWARDS 9475 OR EVEN 9490 OR HIGHER LEVELS.

FAILURE TO BREACH AND STAY ABOVE 9450 IS THE INITIAL SIGN OF INTRADAY WEAKNESS AND A SLIDE TO BREACH AND MORE IMPORTANTLY STAY BELOW 9415 TO CLOSE A CANDLE BELOW IT CAN SUGGEST THAT OPERATORS ARE KEEN TO CLOSE NIFTY BELOW THE HIGHS OF LAST WEEK WHICH SHOULD BE USED AS A GOD SENT OPPORTUNITY TO BUY AND CARRY FOR  COMING WEEK. IN CASE OF SLIDE, ONE CAN ADD FUTURES INITIALLY NEAR 9414  AND ADD MORE IF PULLED DOWN TOWARDS OR EVEN BELOW 9400 LEVELS.

MARKETS FOR THURS 11THMAY  MOST LIKELY NIFTY HAS GIVEN THE BREAKOUT ON WEDNESDAY. LOOK FOR ANY INTRADAY DECLINE OR EVEN A PAUSE TO ADD ON TO THE LONG POSITIONS. USE MILD OR DECEPTIVE FALL IN  SGX NIFTY TO BOLDLY BUY AND ADD ON TO HELD LONG POSITIONS.

STOCKS OF METALS, SOME AUTO, IT , FMCG AND PETRO WHICH HAD REMAINED SUBDUED  WILL SEE THE SHARPEST RISE. USE PAUSE OR DECLINES IN THESE TO BOLDLY BUY THESE STOCKS FOR GREAT GAINS IN THIS MEGA BULL RUN.( INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR WED 10THMAY NIFTY IS RIPE FOR A BREAKOUT AFTER TWO VERY NARROW RANGE CANDLES WITHIN THE MONSTER RED CANDLE OF  FRIDAY 5TH MAY THUS FORMING A DOUBLE HARAMI  THAT HAS GREAT POTENTIAL FOR A BREAK OUT. IN ANY CASE WHETHER BREAKOUT COMES OR NOT , JUST LOOK FOR SOME INTRADAY DECLINE TO BOLDLY BUY AND HOLD. AS A HEDGE TO THE HEAVY LONG POSITIONS, LOOK FOR RISE TO WRITE A FEW 9400 CALLS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, USE EVERY DECLINE TO BUY , DOUBLE BUY IF NIFTY FUTURES APPROACHES 9300 LEVELS. AFTER A RISE IF IT FALLS BELOW 9350, IT TURNS WEAK FOR SOME TIME AND TURNS FURTHER WEAK BELOW TUESDAY’S LOWS OF 9332. AFTER FALLING BELOW 9350 IF FUTURE RISES  AND STAYS ABOVE 9355 THEN IT IS BULLISH. IT BECOMES HIGHLY BULLISH IF COMING FROM BELOW TO BREACH AND STAY ABOVE TUESDAYS HIGHS OF 9372 TO EYE FOR 9400 OR EVEN HIGHER  FUTURE LEVELS. JUST LOOK FOR INTRADAY DECLINES TO BOLDLY BUY.

MARKETS FOR TUESDAY 9THMAYUSE INTRADAY FALLS TOWARDS 9272 SPOT & 9300 FUTURES TO BOLDLY BUY FOR INTRADAY GAINS  ADD MORE ON EVERY DECLINE OF 20 POINTS. SIMILARLY ON RISE BOLDLY SHORT NIFTY  AS LONG AS IT DOES NOT BREACH AND CLOSE ABOVE 9383 SPOT OR FUTURES. WHATEVER THE HIGHLY MANIPULATED SGX SHOWS BEFORE START JUST DO ITS OPPOSITE AFTER MARKET OPENS. IF IT SHOWS FLAT  THEN WAIT FOR FIRST 30 MINUTES TO BE COMPLETE TO INITIATE TRADE  ON THE LONG OR SHORT DEPENDING ON WHETHER NIFTY FUTURES IS ABOVE MONDAY’S CLOSING OF 9343 OR BELOW IT. MARKETS WILL  BREAK OUT ON THE HIGHER SIDE AFTER THIS CONSOLIDATION IS OVER . SO, LOOK FOR DECLINES TOWARDS 9300 FUTURES OR PREVIOUS DAYS LOWS TO BOLDLY BUY.

MARKETS FOR MONDAY 8THMAYAS WAS PREDICTED ON FRIDAY, NIFTY WAS MADE TO CLOSE THE WEEK BELOW ITS PREVIOUS WEEKENDING 28TH APRIL CLOSING LEVEL OF 9303 SPOT AND 9333 FUTURES TO COMPENSATE A BIT TO THE MONSTER GREEN CANDLE OF WEEK ENDING  28TH APRIL. ON FRIDAY 5TH MAY DAILY CLOSING FOR NIFTY WAS AT 9285 SPOT AND 9316 FUTURES WHICH WERE  BELOW THE LOWS OF ITS TWO PREVIOUS DAYS OF 3RD AND 4TH MAY. A CLOSE FOR A DAY OR TWO BELOW  2ND MAY RED HAMMER LOWS OF 9269 SPOT AND 9281 FUTURES WILL BE AN EARLY  INDICATION FOR SOME MORE DAYS OF MILD CORRECTION BEFORE THE MEGA BULL RUN RESUMES. INTRADAY TRADERS MUST TRADE BOTH LONG AND SHORT TO TAKE FULL ADVANTAGE OF MARKET FLUCTUATIONS.

IN THE CHARTS OF LOWER TIME FRAMES , IF ONE JOINS THE 30 MINUTE HIGHS OF  26TH  APRIL, 27TH APRIL, AND 5TH MAY AND ALSO THE 30 MINUTE LOWS OF  25TH APRIL,2ND MAY AND 5TH MAY, ONE WILL FIND THAT NIFTY IS CONFINED WITHIN A PERFECT RECTANGLE WITH THE SUPPORT AROUND 9269 SPOT AND RESISTANCE AROUND 9375/9380 SPOT. A DECISIVE BREACH TO CLOSE A DAILY CANDLE BELOW THIS SUPPORT OR ABOVE THE RESISTANCE CAN SEE A GOOD MOVE IN THE DIRECTION OF BREACH .ON ANY DAY , ANY SESSION IF ONE FINDS NIFTY RISING TO BREACH AND STAY ABOVE 9323 SPOT & 9339 FUTURES TO CLOSE A 30 MINUTE CANDLE ABOVE THESE THEN EXPECT A VERY SHARP UP MOVE TOWARDS BREACHING THE UPPER RESISTANCE AROUND 9380 SPOT TOWARDS MUCH HIGHER LEVELS.

AS PER ELLIOTT WAVE, FRESH UP MOVE AS A NEW UP WAVE STARTED FROM 2016 BUDGET DAY LOW OF 6825, AFTER ALMOST 1 YEAR OF CORRECTION FROM 4TH MARCH 2015 LIFE TIME HIGHS OF 9119. THE 1ST UP WAVE IN THIS MOVE WENT UP TILL 7TH SEPT 2016 HIGH OF 8969. THE 2ND CORRECTIVE DOWN WAVE FELL TILL 26 DECEMBER 2016 LOWS OF 7893. THE 3RD MONSTER UP WAVE HAS STARTED SINCE THE LOWS OF 7893 AND SHOULD GENERALLY  COVER THE DISTANCE HIGHER THAN THE 1ST WAVE WHICH WAS AROUND 2144 POINTS. SO COUNTING FROM BASE OF 3RD WAVE AT 7893 ONE SHOULD EXPECT AT LEAST 2144 POINT RISE TILL 10037 SPOT NIFTY LEVELS AS THE BARE MINIMUM FOR THIS 3RD UP WAVE. HOWEVER IN 7 OUT OF 10 CASES 3RD WAVE IS 1.38 OR 1.5 OR 1.62 TIMES THE FIRST WAVE, IN WHICH CASE NIFTY COULD SEE MUCH HIGHER LEVELS. BUT BE SURE THE RISE OF 3RD WAVE WHICH WE ARE IN NOW WILL NOT BE A STRAIGHT ROCKET, BUT IT WILL CORRECT  OR PAUSE TIME AND AGAIN TO FOOL EVERYONE THAT BULL MARKET IS OVER AND EVERY TIME SHORTERS WILL BE TRAPPED.

ALL SHORT, MEDIUM AND LONG TERM INVESTORS SHOULD HAVE 19TH APRIL SWING LOW OF 9075 SPOT AS STOP LOSS ON A DAILY CLOSING BASIS AND USE EVERY DECLINE TO BUY AND HOLD FOR GREAT GAINS BY RIDING THE MEGA BULL MARKET. A SLIDE TO BREACH AND CLOSE BELOW 9075 SPOT IS THE SIGNAL TO QUIT LONGS AND GO SHORT. 5 WEEKLY SMA AROUND 9209 AND 8 WEEKLY SMA AROUND 9200 SPOT CAN ACT AS SPRING BOARDS TO SEE GOOD SHORT COVERING IN CASE NIFTY IS PULLED DOWN MORE AND MORE AFTER BREACHING AND CLOSING BELOW 2ND MAY  RED HAMMER LOWS OF 9269 SPOT.

 ON FRIDAY 5TH MAY, IN ORDER TO GENERATE PANIC,  SPOT NIFTY WAS PULLED DOWN AS LOW AS 9272 VERY NEAR TO THE CRITICAL 9269 BEFORE BOUNCING UP AGAIN TO CLOSE NEAR 9285 SPOT. ON ANY DAY IF NIFTY RISES AND CLOSES ABOVE 5TH MAY  MONSTER RED CANDLE HIGH OF 9377 SPOT THEN ONE CAN BE REASONABLY SURE OF THE RESUMPTION OF  UP MOVE. LOOK FOR DECLINES TO TRADE LONG AND USE BIG GAP UP OPENINGS TO TRADE SHORT ON INTRADAY BASIS.( INTRADAY TRADING LEVELS FOR NIFTY FUTURES, BNF, STOCK FUTURES AND ALL OPTIONS ARE FOR SUBSCRIBERS ONLY) 

MARKETS FOR FRIDAY 5THMAYDO NOT BOTHER WHAT THE SGX NIFTY MANIPULATORS ARE DEPICTING TO PULL DOWN INDIAN MARKETS. HAVE PATIENCE & QUIETLY WAIT FOR THE INITIAL OPERATOR DRIVEN DECLINE TO END & THEN  BOLDLY BUY. REMEMBER TILL SUCH TIME NIFTY DOES NOT CLOSE BELOW 2ND MAY LOWS OF 9269(9282 FUTURES) EVERY DECLINE TOWARDS 9313 TO 9300 FUTURES IS A BUY AND DOUBLE YOUR BUY IN CASE NIFTY FUTURES IS PULLED DOWN TOWARDS 9280. EVERY RISE IN TATASTEEL OR TATA MOTORS OR EVEN A PAUSE IN THESE CAN BE USED TO DOUBLE SHORT THEIR 470/480 CALLS  FOR POCKETING THE ENTIRE PREMIUM IN THESE CALLS BY HOLDING ON OR ADDING ON THEIR FUTURES ON DECLINES.

REMEMBER INDIAN MARKETS ARE HIGHLY BULLISH AND ARE IN FOR BIG GAINS LIKE US MARKETS HAD FOR LAST 3 YEARS. SO, USE DECLINES TO BUY AND HOLD YOUR FAVORITE STOCKS TO RIDE THIS MEGA BULL MARKET. HAVE STOP LOSS BELOW 9075 SPOT ONLY, TO REVERSE AND GO SHORT. LAST WEEK NIFTY HAD CLOSED AT 9303 SPOT AND 9333 FUTURES. OPERATORS WILL TRY THEIR LEVEL BEST TO HAVE A WEEKLY CLOSING BELOW LAST WEEKS CLOSINGS USE THIS AS A GOD SENT OPPORTUNITY TO BOLDLY BUY AND HOLD FOR COMING WEEK IN CASE NIFTY IS PULLED DOWN TOWARDS OR BELOW THESE LEVELS.

MARKETS FOR THURSDAY 4THMAY NIFTY  CONTINUED  TO REMAIN IN A PAUSE MODE FOR THE 4TH CONSECUTIVE DAY. AS LONG AS NIFTY FUTURES DOES NOT CLOSE  FOR A DAY OR TWO BELOW TUESDAY’S DOJI LOWS OF 9281, EVERY  INTRADAY SLIDE TOWARDS WEDNESDAY’S LOWS OF 9315 TO 9320 IS A BUYING OPPORTUNITY AND DOUBLE BUY  IN CASE NIFTY FUTURE SLIDES TOWARDS TUESDAYS LOWS OF 9288 TO 9281 FOR VERY GOOD INTRADAY GAINS. HOWEVER IF OPERATORS PULL NIFTY FUTURES DOWN TOWARDS DAY END THEN DON’T BUY THE LOWS .

IT SEEMS OPERATORS ARE  SUPPRESSING RELIANCE, TATASTEEL, TATA MOTORS. BUY THEIR FUTURES BUT DOUBLE SHORT TATASTEEL 470/480 CALLS AND TATA MOTORS 470 /480 CALLS ON INTRADAY RISE. LOOK FOR DECLINES IN FUTURES OF PETRONET, ITC, BHEL, RELIANCE, ONGC, INFRA & NBFCS  STOCKS TO BOLDLY BUY AND HOLD FOR GOOD GAINS. NIFTY AFTER 4 DAYS OF PAUSE IS RIPE FOR RESUMPTION OF THE UP MOVE EITHER ON THURSDAY OR FRIDAY SO LOOK FOR DECLINES TO BUY.

MARKETS FOR WED 3RD  MAY NIFTY FUTURES CLOSED THE DAY IN THE FORM OF A DOJI SUGGESTING ONE TO AGAIN BOLDLY GO MEGA LONG IN CASE  THE FUTURES APPROACH TOWARDS TUESDAY’S DOJI LOWS  BETWEEN 9292 TO 9282 ZONE. ANY OPERATOR DRIVEN SLIDE  IS NOTHING BUT A GOLDEN OPPORTUNITY TO BUY AND HOLD. FOR WEDNESDAY ALSO EXPECT SGX NIFTY MANIPULATORS WILL KEEP  IT DOWN OR FLAT TO INDUCE A NEGATIVE FEELING , USE IT OR ANY DECLINE TO BUY SIMILAR TO TUESDAY.

FOR WEDNESDAY’S INTRADAY TRADING OF NIFTY FUTURES, A SLIDE BELOW 9325 TO 9320 FUTURE ZONE IS A SHORTING OPPORTUNITY IF NIFTY FUTURES STAYS BELOW THIS ZONE TO CLOSE A CANDLE. BUYING CAN BE PLANNED IN CASE NIFTY FUTURE APPROACHES 9292 AND AGAIN IF 9272 IS REACHED.

AFTER THE OPERATOR DRIVEN FALL TO WEED OUT THE WEAKER HANDS, IN CASE FUTURE RISES TO BREACH AND STAY ABOVE 9336 TO 9339 ZONE, THEN ONE CAN  GO LONG AND MORE LONGS BE ADDED IN CASE FUTURE BREACHES AND STAYS ABOVE 9362 TO 9372 ZONE TO LOOK FOR INTRADAY TARGETS OF 9380 TO 9390. A BREACH OF 9393 CAN EASILY TEST 9410 FUTURE LEVELS IN QUICK TIME. LOOK FOR DECLINES TO BUY HEAVILY LIKE ALL DID ON TUESDAY AS FUTURES APPROACHED THE GIVEN LEVEL OF 9288 TO 9280.

SWITCH OFF THE TV SETS DURING TRADING HOURS IF YOU FIND ANYONE OTHER THAN THE  TECHNICAL ANALYSTS COMES AND SPEAKS ON GEO POLITICS ON NORTH KOREA, FRENCH PRELIM ELECTION, UK POLITICS ETC TO PULL THE MARKETS DOWN . SEE, TAIWAN, SOUTH KOREA, HONG KONG, JAPAN  AND SINGAPORE ALL HAD A BULLISH DAY IN SPITE OF NORTH KOREAN CRISES IN THEIR REGION BUT INDIAN MARKETS WERE PULLED DOWN AS IF NORTH KOREAN CRISES WILL IMPACT INDIA THE MOST. JUST RIDICULOUS .

THANKS GOD, MET DEPTT ANNOUNCED NORMAL MONSOON, OTHER WISE SOME OF THESE OLD FINANCIAL CHANNEL’S TV ANCHORS IN ORDER TO EARN THEIR BREAD BY SENSATIONALIZING  THE ISSUE COULD HAVE TRIGGERED A BEAR MARKET BY NOW. IF ONE NOTICES , HE WILL FIND THAT MINOR NEGATIVE ASPECTS ARE BLOWN OUT OF PROPORTION AND GOOD THINGS THAT WILL HAVE A POSITIVE IMPACT ON MARKETS ARE EITHER IGNORED OR GIVEN VERY LIMITED PUBLICITY OR SUITABLY SELECTED FOREIGN JOKERS ARE PULLED IN, TO INFUSE NEGATIVE FEELING ON INDIAN MARKETS TO NEUTRALIZE THE POSITIVE ASPECTS. SO BEST IS KEEP THE TV VOLUME MUTE WHEN ANYONE OTHER THAN THE TECHNICAL ANALYSTS ARE ON THE TV SCREEN. 

MARKETS FOR  TUESDAY 2ND MAY  ON FRIDAY 28TH APRIL SPOT NIFTY CLOSED AT 9304 AFTER TREE CONSECUTIVE WEEKS OF RED WEEKLY CANDLES. THE MONSTER GREEN CANDLE OF WEEKENDING 28TH APRIL CLOSING AT 9304 HIGH ABOVE THE WEEKLY HIGHS OF THREE PREVIOUS WEEKS AND ALSO  HIGH ABOVE WEEK ENDING 7TH APRIL WEEKLY SWING HIGH OF 9273 SPOT IS A MEGA BULLISH INDICATION CONFIRMING THE END TO THE PAUSE AND RESUMPTION OF THE MEGA BULL RUN. SO, LOOK FOR PAUSES OR INTRADAY OR EVEN DAY OR TWO OF MILD CORRECTIONS IF AT ALL ONE IS LUCKY TO FIND THESE, TO BOLDLY BUY AND ADD ON TO THE LONG POSITIONS.

NIFTY SPOT LEVEL OF 9131 ON ITS 34 DAY EMA FOLLOWED BY 9075 WHICH IS THE WEEKLY SWING LOW OF WEEKENDING  21ST APRIL ARE VERY STRONG SUPPORTS ON A CLOSING BASIS TO BE USED AS STOP LOSSES FOR SWING TRADERS WHO ARE HOLDING SWING LONGS. THE PAUSE FOR TWO DAYS ON THURSDAY AND FRIDAY WAS THE TIME CORRECTION TO THE RISE FROM 19TH APRIL SWING LOW OF 9075 TILL 26TH APRIL SWING HIGH OF 9367. SO USE DECLINE TO BLINDLY BUY TO SEE MORE AND MORE NEW HIGHS.

LONG TERM MONTHLY CHARTS LOOK SUPER BULLISH WITH A COPY BOOK CUP HANDLE FORMATION FORMED BY  MONTHLY HIGHS OF MARCH 2015 AT 9119, SEPTEMBER 2016 HIGHS OF 8969 AND FEBRUARY 2017 HIGHS OF 8982. THE BASE OF THE CUP IS THE MONTHLY LOW OF  FEBRUARY 2016 AT 6825 AND THE BASE OF THE HANDLE AT  DECEMBER 2016 LOWS OF 7893. MARCH 2017 SAW THE BREAK OUT FROM THE CUP HANDLE RESISTANCE LINE NEAR 8982 THAT SHOULD SEE AT LEAST 2300 POINTS( COUNTED FROM BASE OF THE CUP AT 6825 TO THE POINT VERTICALLY ABOVE IT ON THE RESISTANCE LINE JOINING THE HIGHS OF CUP AND HANDLE  TOWARDS  12121 SPOT. SO HAVE 12000 NIFTY LEVELS IN MIND AND USE EVERY DECLINE TO TRADE LONG.

FOR INTRADAY TRADING ON TUESDAY, DON’T BE SURPRISED TO SEE SGX  NIFTY IS MADE TO LOOK MILD TO FLAT OR EVEN NEGATIVE ON THE MORNING OF TUESDAY THAT WILL ENABLE THE SGX MANIPULATORS TO GO LONG . NIFTY FUTURES THAT HAD CLOSED AT 9330 ON FRIDAY WILL REMAIN BULLISH AS LONG AS IT STAYS ABOVE 9330. AFTER A RISE IF IT FALLS AND STAYS BELOW 9330 THEN IT TURNS WEAK. MORE WEAKNESS CAN BE SEEN IN CASE IT FALLS BELOW 9310 TO 9306 FUTURE ZONE TO SEE LOWER LEVELS OF  9288 TO 9280 FOR THE MEGA BOUNCE AGAIN. AFTER THE FALL IF IT RISES TO STAY ABOVE 9339 THEN IT TURNS BULLISH AGAIN . A RISE TO BREACH AND STAY ABOVE 9350 TO 9353 WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL FUTURES TOWARDS  26TH APRIL SWING HIGHS OF 9380 OR HIGHER LEVELS. LOOK FOR DECLINES TO TRADE LONG IN NIFTY FUTURES, BNF,FUTURES OF  RELIANCE, TATASTEEL, TATA MOTORS, PETRONET, ITC & BHEL  FOR GOOD GAINS.

 

 

UPDATING WILL RESUME FROM TUESDAY 2ND  MAY 2017

MARKETS FOR  WED 26TH APR THE BULLISH PIERCING CANDLE OF MONDAY SHOWED ITS POWER ON TUESDAY BUT WHAT IS MORE IMPORTANT IS NIFTY SPOT’S CLOSING AT  9303, HIGH ABOVE THE HIGH OF DOJI INSIDE CANDLE SETUP FORMATION OF  5TH & 6TH APRIL THAT CAN EASILY SEE 9500 NIFTY IN NEXT FEW WEEKS. SO, LOOK FOR PAUSE OR MILD INTRADAY OR WELL ORCHESTRATED DECLINE BY OPERATORS TO  BOLDLY BUY AND HOLD.

THE MARKETS ARE MEGA BULLISH AND  DON’T LISTEN TO FOREIGN ANALYSTS WHO FOR THEIR OWN INTEREST WILL SPEAK COCK & BULL STORIES TO PULL OUR MARKETS DOWN FOR THEIR SUITABLE ENTRY. CORRECTIONS OR PAUSES ARE GOD SENT OPPORTUNITIES TO BUY AND ONLY BUY TILL SUCH TIME SPOT NIFTY DOES NOT CLOSE BELOW 21ST APRIL LOWS OF 9075, BELOW WHICH ONLY ONE CAN QUIT LONGS AND TRADE SHORT. HOWEVER, INTRADAY TRADERS MAY TRADE BOTH WAYS TO TAKE FULL ADVANTAGE OF INTRADAY FLUCTUATIONS BUT NEVER CARRY SHORTS OVERNIGHT.

FOR  INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, IT WILL CONTINUE TO REMAIN BULLISH AS LONG AS FUTURE STAYS ABOVE 9275  TO 9270 ZONE, A CLOSER OF A 30 MINUTE CANDLE BELOW WHICH  WILL INVITE INTRADAY SHORTS ALTHOUGH SHORTS MAY NOT GIVE MUCH BENEFIT TILL NIFTY FUTURE DOES NOT FALL TO CLOSE A CANDLE BELOW 9255 LEVELS, APPROACH TOWARDS WHICH WILL INVITE MEGA BUYING AS 9260 TO 9255 FUTURES  ZONE IS A VERY STRONG BUYING ZONE BELOW INITIAL SUPPORT OF 9270 FUTURES.

REMEMBER, HIGHLY MANIPULATED SGX NIFTY WILL BE MADE TO DEPICT  NIFTY AS FLAT OR MILD BEFORE START OF INDIAN MARKETS AS WAS SHOWN ON MONDAY & TUESDAY, USE THESE FRAUD INDICATIONS BY SGX TO BOLDLY BUY. (REMAINING INTRADAY LEVELS FOR SUBSCRIBERS ONLY.)

MARKETS FOR  TUESDAY 25TH APR TIME AND AGAIN WE HAVE BEEN SUGGESTING TO BOLDLY BUY AND HOLD RELIANCE AND ON TUESDAY AFTER  THE OPERATOR DRIVEN SLIDE FOLLOWING THE INITIAL GAP UP, BOLDLY BUY RELIANCE INDUSTRIES AND HOLD FOR TARGET OF 1600 PLUS  LEVELS IN NEXT FEW WEEKS.

THE CANDLE OF NIFTY ON MONDAY LOOKS EXTREMELY BULLISH , SO IN CASE HIGHLY MANIPULATED SGX SHOWS A MILD RISE OR FLAT THEN JUST BUY NIFTY FUTURES, PREFERABLY MAY SERIES.  SIMILARLY BOLDLY BUY AND HOLD MAY SERIES TATA STEEL AND TATA MOTORS AS OPERATORS WILL NEVER ALLOW THESE TWO TO RISE IN APRIL. LOOK FOR A OPERATOR DRIVEN SLIDE OR EVEN A PAUSE IN NIFTY AND RELIANCE TO QUIETLY ADD  MAY MONTH FUTURES AND SHORT APRIL MONTH HIGHER CALLS.

MARKETS FOR  MONDAY 24TH APR NIFTY CLOSED THE WEEK AT CRITICAL EARLIER ALL TIME HIGH OF 9119 SPOT AND  9128 FUTURES BELOW ITS PREVIOUS TRUNCATED WEEK LOWS OF 9144 SPOT & 9170 FUTURES. THIS WAS THE THIRD CONSECUTIVE WEEK OF RED WEEKLY CANDLES( BUT BOTH THE PREVIOUS WEEKS WERE TRUNCATED WEEKS). HOWEVER THE INTERESTING FEATURE OF THE WEEKLY CHARTS ARE, BOTH NIFTY SPOT AND FUTURES HAVE  MADE A LOW EXACTLY AT THE WEEKLY 8 EMAS.

NIFTY HAS NOT BREACHED THIS CRITICAL 8 WEEKLY EMA SINCE THE WEEK ENDING 6TH JANUARY AND ONE SHOULD EXPECT THIS CRITICAL 8 WEEKLY EMA TO HOLD TO ACT AS A SPRING BOARD FOR NIFTY. IN ANY CASE AS LONG AS NIFTY SPOT TRADES ABOVE 24TH & 31ST MARCH TWIN WEEKLY HAMMER LOWS OF 9019, ALL DECLINES TOWARDS IT ARE BUYS ONLY FOR MEDIUM TO LONG TERM TRADERS. INTRA DAY TRADERS SHOULD CONTINUE TO FOLLOW THE GOLDEN RULE OF BOLDLY SHORTING  NEAR PREVIOUS DAYS HIGHS OR BUY NEAR OR BELOW PREVIOUS DAYS LOWS FOR GREAT INTRADAY GAINS.

IN THE DAILY CHARTS, 50 DMA FLOATS AROUND THE CRITICAL 9019 SPOT AND 9033 FUTURES WHICH WILL SEE NIFTY BOUNCE FROM THESE LEVELS . ONLY A CLOSE BELOW THIS CRITICAL 50 DMA FOR TWO TO 3 DAYS SHOULD PROMPT TRADERS TO QUIT LONG AND GO MEGA SHORT. ON FRIDAY 21ST, BOTH NIFTY SPOT AND NIFTY FUTURES LOWS WERE MADE  EXACTLY ON THEIR RESPECTIVE 34 DAY EMAS WHICH GENERALLY SHOULD HOLD TO SEE NIFTY BOUNCING FROM HERE ON RETEST OF IT. HOWEVER A CLOSE BELOW THIS CRITICAL 34 DAY EMA CAN CERTAINLY SEE NIFTY FALLING MORE TO RETEST THE CRITICAL 9019 SPOT AND 9033 FUTURES.

IN ANY CASE A BREACH AND CLOSE BELOW 19TH APRIL LOWS OF 9075 SPOT AND FUTURES CAN BE USED TO SHORT NEXT MONTH(MAY SERIES) FUTURES WITHOUT ANY HESITATION. ON ANY DAY OR SESSION, A RISE TO BREACH 9218 SPOT AND 9246 FUTURES TO CLOSE ABOVE THESE LEVELS WILL INDICATE THE END OF THE PAUSE OR CORRECTION AND RESUMPTION OF FRESH LEG OF THE UP MOVE FROM THE LOWS AT 34 DAY EMAS. .( INTRADAY LEVELS TO TRADE NIFTY FUTURES, BNF AND STOCK FUTURES AND OPTIONS FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  FRIDAY 21STAPR NIFTY HAVING TAKEN SUPPORT AT THE 34 DAY EMA ON WEDNESDAY, ROSE ON THURSDAY TO BREACH 21 DAY EMA AROUND 9130 SPOT & 9163 FUTURES TO CLOSE ABOVE IT AT 9136 SPOT & EXACTLY ON THE 34 DAY EMA AT 9163 FUTURES. LAST WEEK NIFTY HAD THE TRUNCATED WEEKLY CLOSING AROUND 9150 SPOT WITH A WEEKLY LOW OF 9144 SPOT. SO BE REASONABLY SURE TO SEE NIFTY BEING MANIPULATED TO CLOSE BELOW LAST WEEK’S CLOSING OF 9150 OR EVEN BELOW LAST WEEK’S LOW OF 9144 TO HAVE IT AS THREE CONSECUTIVE RED WEEKLY CANDLES TO GENERATE A FALSE FEAR AMONG NOVICE TRADERS. SO, USE EVERY DECLINE TOWARDS PREVIOUS DAYS LOWS OR TOWARDS 9100 TO BOLDLY BUY AND HOLD. A SLIDE IN NIFTY IS A GOLDEN OPPORTUNITY TO BOLDLY BUY FUTURES AND ADD.

FOR INTRADAY TRADING OF NIFTY FUTURES ON FRIDAY, THE BULLISH GREEN CANDLE OF THURSDAY TO CLOSE ABOVE THE HIGH OF LOWER LOW MAKING SPIN TOP CANDLE OF WEDNESDAY IS A HIGHLY BULLISH SIGNAL THAT TECHNICALLY SUGGESTS VERY GOOD UP MOVE ON FRIDAY. HOWEVER WHETHER THE BULLISH CANDLE INDICATION OF THURSDAY IS THE OPERATOR MANIPULATED FALSE SIGNAL OR IS GENUINE HAS TO BE SEEN ON FRIDAY. IN ANY CASE BOLDLY BUY DECLINES AND DOUBLE BUY IF NIFTY FROM LOWER LEVELS RISES AND STAYS ABOVE 9181 TO SEE 9200 OR HIGHER LEVELS.

ON THE LOWER SIDE, A FAILURE TO RISE FROM LOWER LEVELS TO BREACH 9181 CAN BE USED TO TRADE INTRADAY SHORTS WITH STOP LOSS ABOVE 9181 TO 9191 TO REVERSE AND DOUBLE BUY. A SLIDE TO BREACH 9144 FUTURES IS A SIGN OF WEAKNESS TO INITIATE INTRADAY SHORTS FOR LOWER LEVELS TOWARDS THURSDAYS LOWS OF 9120 OR LOWER, THAT SHOULD ENCOURAGE BTST  OR VERY SHORT TERM TRADERS TO JOIN LONG AND MEDIUM TERM TRADERS TO BOLDLY BUY AND CARRY FOR NEXT WEEK ALONG WITH ATTRACTIVE SHORTED CALLS OF 9200 AND 9250. 

MARKETS FOR THURSDAY 20TH APR    NIFTY  FELL TO TAKE SUPPORT  AT 9075 SPOT & 9096 FUTURES EXACTLY ON THE 34 DAY EMA IN BOTH CASES. A FALL TOWARDS IT OR EVEN BELOW IT CAN BE BOLDLY BOUGHT BY INTRADAY TRADERS WHERE AS LONG TO MEDIUM TERM TRADERS CAN DOUBLE BUY. FOR HEDGING PURPOSE WRITE (SHORT)9250 CALLS AND 9200 CALLS BUT ON MARKET RISE WHEN THESE CALL VALUES INCREASE FOR SHORTING, THESE WRITTEN CALLS OF 9250 AND 9200 SHOULD BE HELD WITH BOUGHT FUTURES AND BOUGHT CALLS OF 9100 AND 9000 TO POCKET THE LUXURIOUS PREMIUM ON THESE HIGHER CALLS OF 9250,9200.

FOR INTRADAY TRADING ON THURSDAY, EXPECT RELIANCE THE KING WHICH HAS FALLEN FOR TWO DAYS SHOULD GIVE A BOUNCE. WITH IT BADLY BEATEN DOWN AUTO & METAL, FMCG & PHARMA STOCKS MAY RISE. IF RISE DOES NOT COME IN THESE THEN WAIT FOR EXPIRY WEEK TO SEE A REASONABLE BOUNCE IN THESE.  CLOSE THE EYES AND DUMP ALL TECH STOCKS AS THEIR HAY DAYS OR LONG TERM BULL CYCLES LOOK TO BE OVER.

NIFTY FUTURES RISING TO CLOSE A 30 MINUTE CANDLE ABOVE 9155 CAN TRIGGER MASSIVE SHORT COVERING  TOWARDS 9191 FUTURE LEVELS. A RISE TO STAY ABOVE 9161 IS A BULLISH SIGNAL  AND A FAILURE TO BREACH 9155 TO 9161 CAN BE USED TO TRADE INTRADAY SHORT WITH STOP LOSS ABOVE 9162 TO REVERSE AND GO MEGA LONG. A FALL TOWARDS WEDNESDAY’S LOWS OF 9096 TO 9090 IS A VERY GOOD INTRADAY BUY OR BUY AND HOLD IF NAUGHTY OPERATORS PULL NIFTY FUTURES DOWN TOWARDS 9096 TO 9090 TOWARDS DAY END. REMEMBER THE MARKETS ARE IN A PAUSE MODE AFTER THE BIG RISE THIS YEAR AND EVERY DECLINE IS A GREAT BUY IN INDEX AND BEATEN DOWN STOCKS FOR VERY GOOD GAINS BUT DO NOT HESITATE TO BRUTALLY SHORT HIGHER CALLS AS HEDGE.

MARKETS FOR WED 19TH APR  INTRADAY TRADERS WAIT FOR DECLINES TO BUY  WITH STOP LOSS BELOW 9090 FUTURES ON A 15 MINUTE CANDLE CLOSING BASIS TO REVERSE AND TRADE SHORT. A RISE TO STAY ABOVE 9144 TO 9150 IS ANOTHER  BUYING OPPORTUNITY. TRADE LESS AND WAIT FOR A DAY OR TWO TO TRADE HEAVY FROM START OF COMING WEEK. MEDIUM TO LONG TERM TRADERS BOLDLY ADD LONGS ON EVERY DECLINE OR TOWARDS END OF DAY DAILY.( INTRADAY LEVELS TO TRADE NIFTY FUTURES, BNF AND STOCK FUTURES AND OPTIONS FOR SUBSCRIBERS ONLY)

MARKETS FOR TUESDAY 18TH APR NIFTY AGAIN BOUNCED UP FROM THE 21 DAY EMA. LOWER VOLUME ON A FALLING MARKET, COUPLED WITH NARROWNESS OF DAILY RANGE IS A CLEAR INDICATION THAT MARKET IS JUST MARKING TIME AND A SHARP RECOVERY OR RISE AS CONTINUANCE OF THE MEGA BULL RUN IS VERY MUCH IN THE OFFING, SUGGESTING THAT LOOK FOR DECLINES TO BREACH PREVIOUS DAYS LOWS  OR APPROACH TOWARDS THE PREVIOUS DAYS LOWS TO BOLDLY BUY AND ADD MORE ON FURTHER DECLINES. AS  A HEDGE ONE CAN USE INTRADAY RISES TO WRITE 9200 CALLS AND HOLD THESE SHORTED CALLS WITH LONG POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES, EXPECT A BULLISH DAY AND TO THIS EXTENT NIFTY FUTURES RISING AND STAYING ABOVE 9188 TO 9191 CAN TRIGGER MASSIVE SHORT COVERING. SHORTERS CAN TRADE INTRADAY SHORTS ON APPROACH OF NIFTY FUTURES TOWARDS 9185 WITH STOP LOSS ABOVE 9191 TO REVERSE AND GO LONG. ON THE LOWER SIDE IN CASE NIFTY FUTURES AFTER A RISE FALLS BELOW 9161 THEN IT CAN TURN WEAK & MORE WEAKNESS CAN BE SEEN BELOW MONDAY’S LOWS OF 9142 TO SLIDE TOWARDS 9125 TO 9119 FOR A SOLID BOUNCE AGAIN. USE DECLINES TO BUY BUT DO NOT FORGET TO BOLDLY ACCUMULATE RELIANCE INDUSTRIES ON EVERY DECLINE TO SEE MONSTER RISE IN THIS WHITE ELEPHANT.

 MARKETS FOR MONDAY 17TH APR NIFTY ON 13TH APRIL CLOSED THE TRUNCATED WEEK AROUND 9150 BELOW THE 13 DAY EMA THAT HAD PROVIDED DAILY CLOSING SUPPORT TO SPOT NIFTY FOR SEVERAL DAYS DURING THE WEEK.NOW ON THURSDAY, NIFTY SPOT HAS CLOSED JUST ABOVE THE 21 DAY EMA WHICH IS AROUND 9133 SLIGHTLY ABOVE EARLIER LIFE TIME HIGH OF 9119. LONG TO MEDIUM TERM TRADERS MUST HOLD LONG POSITIONS & ADD MORE ON DECLINES BUT VERY SHORT TERM TRADERS CAN TAKE A CHANCE TO TRADE SHORT ON RISE.

ALL THOSE WHO QUITTED THE LONGS AND INITIATED SHORTS TOWARDS END OF THURSDAY CAN ADD MORE SHORTS WITH STRICT STOP LOSS ABOVE 9250 SPOT AND 9270 FUTURES. THIS IS AN EXTREMELY SHORT TERM VIEW AND SPOT NIFTY CAN BOUNCE UP FROM THE 21 DAY EMA FLOATING AROUND 9133, CLOSING BELOW WHICH MORE SHORTS BE ACCUMULATED TO LOOK FOR THE 34 DAY EMA AROUND 9060 SPOT. LONG TO MEDIUM TERM INVESTORS MUST USE THESE DECLINES TOWARDS 21 DAY EMA AROUND 9133 AND 34 DAY EMA AROUND 9060 SPOT LEVELS TO QUIETLY ADD ON TO THEIR LONG POSITIONS. REMEMBER 9018 SPOT IS THE FINAL SUPPORT ON A WEEKLY BASIS TO QUIT ALL LONGS AND GO MEGA SHORTS FOR ALL LONG TO MEDIUM TERM TRADERS ALSO.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, BE AGAIN SURE THAT HIGHLY MANIPULATED SGX NIFTY WHICH HAS BOUGHT THE HEARTS & MINDS OF MOST FINANCIAL CHANNELS, WILL BE MADE TO DEPICT A NEGATIVE PICTURE LEADING TO START OF INDIAN MARKETS. INTRADAY TRADERS CAN TRADE BOTH LONG AND SHORT DEPENDING ON INTRADAY TRADING LEVELS. BUYING CAN BE PLANNED GRADUALLY IN CASE  NIFTY FUTURE IS PULLED DOWN TOWARDS 9150 TO 9130 LEVELS & IN CASE BY MISTAKE NIFTY FUTURE MOVES UP AND STAYS ABOVE 9200 OTHERWISE EVERY SMALL RISE IS A SHORTING OPPORTUNITY ONLY SPECIALLY FOR INTRADAY TRADERS. STOCKS HAVE THEIR OWN CYCLE AND STOCKS WHICH HAD FALLEN BADLY DURING LAST ONE OR TWO WEEKS MAY SHOW REMARKABLE RECOVERY.BUY AND ACCUMULATE RELIANCE ON EVERY DECLINE.

MARKETS FOR THURSDAY 13TH APR

AS WAS GIVEN YESTERDAY, NIFTY FUTURE WAS PULLED DOWN TILL 9171 AND ALL THOSE WHO DOUBLE BOUGHT NIFTY FUTURES MINTED MONEY AS NIFTY FUTURES ROSE TILL 9255 AFTER MAKING THE BOTTOM AT 9170. FOR THURSDAY, THE OPERATORS WILL TAKE ADVANTAGE OF THE TRUNCATED WEEKEND & WILL AGAIN PULL NIFTY DOWN & TO THIS EXTENT HIGHLY MANIPULATED SGX NIFTY WILL PLAY A MAJOR ROLE. SO, DO NOT PANIC, BOLDLY BUY AS NIFTY FUTURE IS PULLED DOWN NEARER TO WEDNESDAY’S LOWS. BE READY TO DOUBLE BUY IF FUTURE IS PULLED DOWN NEARER TO 9150.

OTHER THAN A PAUSE OR A MILD CORRECTION  TO THE BIG RISE AFTER BREACHING EARLIER LIFE TIME HIGHS OF 9119 SPOT, THERE IS NO REASON FOR MARKETS TO FALL & EVERY DECLINE IS A GOD SENT OPPORTUNITY TO ADD LONG POSITIONS  TO SEE 12000+ NIFTY LEVELS IN 2017 ITSELF. BE SURE ABOUT IT. 13 DAY EMA AROUND 9171 SPOT PROVIDES A VERY STRONG CLOSING SUPPORT FOR NIFTY, AS AFTER PULLED DOWN TO BREACH IT, NIFTY MOVES UP TO CLOSE HIGH ABOVE IT.

LAST WEEKENDING 7TH APRIL, NIFTY HAD CLOSED AT 9198 SPOT & 9211 FUTURES WITH WEEKLY LOWS AROUND 9188 SPOT & 9200 FUTURES. THE WEEKLY CANDLE OF LAST WEEK FOR SPOT NIFTY WAS A 7TH NR WEEKLY CANDLE. SO, BE SURE OPERATORS WILL TRY THEIR LEVEL BEST TO CLOSE THE PRESENT TRUNCATED  WEEK BELOW THESE LEVELS TO WEED AWAY WEAKER HANDS. LONG TO MEDIUM TERM HOLDERS MUST TAKE ADVANTAGE OF THIS AND ADD ON TO THEIR HELD LONG POSITIONS.

TILL SUCH TIME NIFTY DOES NOT HAVE A WEEKLY CLOSE BELOW THE TWIN HAMMER  LOWS OF 9019 SPOT, EVERY OPERATOR DRIVEN DECLINE IS A BUY ONLY.IN MEGA BULL MARKETS LIKE THE ONE WE ARE NOW, USE EVERY DECLINE  TOWARDS PREVIOUS DAYS OR A FEW POINTS BELOW THE PREVIOUS DAYS LOWS IS A GREAT BUY FOR INTRADAY TRADERS.

 

MARKETS FOR  WED 12TH APR ON TUESDAY ALSO NIFTY TOOK SUPPORT AROUND THE 13 DAY EMA AND BOUNCED FROM 9172 SPOT & 9187 FUTURES. JUST IGNORE WHAT THE HIGHLY MANIPULATED SGX NIFTY DEPICTS, CLOSE THE EYES AND BUY DECLINES TOWARDS 9200 , DOUBLE BUY IN CASE FUTURES IS PULLED DOWN TOWARDS 9171 TO 9161 FUTURES AND HOLD FOR EXCELLENT GAINS.

 FOR WEDNESDAY’S INTRADAY TRADING, USE SGX MANIPULATED DECLINES TO BOLDLY BUY FUTURES. QUIT INTRADAY LONGS AND GO SHORT ONLY IF A 30 MINUTE CANDLE CLOSES BELOW 9232 FUTURES.

ON ANY DAY SHOULD SPOT NIFTY BREACH 9275,  PUT ALL YOUR MONEY IN LONG POSITIONS AND ON ANY DAY IN CASE NIFTY SPOT CLOSES BELOW 9171 THEN CLOSE THE LONGS AND GO MEGA SHORTS. QUIETLY ADD RELIANCE ON FURTHER DECLINES OR TOWARDS END OF WEDNESDAY FOR VERY GOOD GAINS BY END OF THIS  TRUNCATED WEEK.

MARKETS FOR TUESDAY 11TH APR NIFTY FUTURES ON TUESDAY, MADE 3RD CONSECUTIVE DAY OF LOWER HIGH, LOWER LOW AND LOWER CLOSINGS. ON MONDAY NIFTY FUTURES TOOK SUPPORT EXACTLY ON THE 13 DAY EMA AT 9194 AND BOUNCED FROM THERE. ON TUESDAY ALSO BUYING WILL EMERGE  WHEN NIFTY FUTURE APPROACHES 13 DAY EMA. A DECISIVE BREACH TO CLOSE BELOW 13 DAY EMA AROUND 9194 CAN SEE NIFTY FUTURES SLIDING TOWARDS THE NEXT SUPPORT OF 21 DAY EMA AROUND 9155 TO 9144.

FOR TUESDAY’S INTRADAY TRADING PURPOSE EXPECT  MONDAY’S LOWS OF 9194 TO PROVIDE STRONG SUPPORT FROM WHERE INTRADAY BUYING CAN BE EXPECTED. A BREACH TO STAY BELOW MONDAY’S LOWS OF 9194 TO CLOSE A 30 MINUTE CANDLE BELOW IT  CAN SEE FUTURES SLIDING TOWARDS 9170 LEVELS. AFTER THE SLIDE AN INTRADAY BOUNCE TO BREACH & STAY ABOVE 9222 TO 9229 ZONE CAN TRIGGER MASSIVE SHORT COVERING TOWARDS 9240 FOLLOWED BY 9255 TO 9260 FUTURE ZONE. AFTER A RISE A SLIDE TO BREACH & STAY BELOW 9212 WILL BE A SIGN OF WEAKNESS AGAIN. WAIT FOR INTRADAY DECLINE TO BUY.

 MARKETS FOR MONDAY 10TH APR NIFTY ON FRIDAY MADE A LOW OF 9188 AND CLOSED AT 9198 SPOT BELOW THE 5TH & 6TH APRIL DOJI INSIDE CANDLE SETUP LOW OF 9215 SPOT, WHICH CERTAINLY IS A SIGN OF WEAKNESS  THAT CAN BE CONFIRMED ON ANOTHER DAY OF CLOSE BELOW 9200 SPOT. ALTHOUGH THE DAILY CHARTS CERTAINLY LOOK FOR FURTHER FALLS, THE WEAKLY CHARTS STILL CONTINUES TO LOOK ROBUST & THE WEEKLY CLOSE AT 9198 SPOT ABOVE THE TWIN WEEKLY HAMMER HIGHS OF ITS TWO PREVIOUS WEEK’S HIGHS OF 9191 SPOT AND 9167 SPOT IS A CLEAR INDICATION THAT THE FALL ON FRIDAY WAS TO CLOSE THE BIG WEEKLY GAP ABOVE WEEKENDING  31ST MARCH HIGH OF 9191 SPOT AND NIFTY WILL STRONGLY RECOVER WITHIN A DAY OR TWO.

FOR INTRADAY TRADING OF NIFTY FUTURES, IF BULLS CAN MANAGE TO HOLD NIFTY FUTURES ABOVE THE 13 DAY EMA LEVELS AROUND 9191 , THEN THERE IS EVERY POSSIBILITY OF A BOUNCE UP. HOWEVER A FAILURE ON THE PART OF BULLS TO PROTECT 9191 FUTURES CAN SEE LOWER LEVELS OF 9180 THEN 9160 TO 9150 FOR THE INTRADAY BOUNCE AGAIN.  AN INITIAL FALL OR A RISE TO BREACH AND STAY ABOVE 9235 TO 9240 FUTURE ZONE CAN TRIGGER SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS 9250 FOLLOWED BY 9260 & THEN TOWARDS FRIDAY’S HIGHS OF 9269 FUTURE LEVELS.

LOOK FOR STOCKS WHICH HAVE CORRECTED DURING LAST WEEK TO BUY THE DECLINES AS THIS BULL MARKET IS OF A DIFFERENT PATTERN AS STOCKS WILL BE MAKING NEW LIFE TIME HIGHS AFTER HIGHS IN A SECTOR ROTATIONAL MANNER WHERE AS THE INDICES WILL BE LAGGING BEHIND. NIFTY FUTURE HAS A STRONG SUPPORT AROUND 61.8% SUPPORT LEVEL OF 9160 TO 9150 COUNTED FROM 27TH MARCH LOWS OF 9070 TILL 5TH APRIL HIGHS OF 9294. SO, ONE SHOULD EXPECT A GOOD BOUNCE FROM AROUND THIS 9160 TO 9150 FUTURE ZONE. TUESDAY MAY SEE A GOOD RISE IN NIFTY IN CASE MONDAY REMAINS SLUGGISH.

 

MARKETS FOR FRIDAY 7TH APR THE WAY NIFTY RECOVERED AFTER MAKING A DAY LOW OF 9231 FUTURES TO MAKE A DAY HIGH OF 9283 TO CLOSE NEAR 9272 FUTURES, IS A VERY STRONG SIGN OF BULLISHNESS & EVERY DECLINE IS BOLDLY BOUGHT INTO. SO LOOK FOR INTRADAY DECLINES IF AT ALL IT COMES ON FRIDAY TO BOLDLY BUY AND HOLD. LAST WEEK ENDING 31ST MARCH, NIFTY HAD CLOSED AT 9173 SPOT & 9197 FUTURES.

SO EXPECT OPERATORS TO TRY THEIR LEVEL BEST TO PULL NIFTY DOWN SO THAT, FIRSTLY IT IS NOT FAR OFF FROM LAST WEEK’S CLOSING LEVELS & SECONDLY SUFFICIENT UPSIDE SPACE IS GENERATED FOR THE ZOOM UP NEXT WEEK. IN VIEW OF THESE, ANY DECLINE TOWARDS THURSDAY’S LOWS OF 9231 FUTURES OR LOWER LEVELS SHOULD BE BOLDLY BOUGHT INTO & HELD FOR NEXT WEEK’S MEGA RISE.

IF ONE HAS A CLOSER LOOK AT THE DAILY CHART OF SPOT NIFTY, ONE WILL NOTICE THAT THE DAILY CANDLE OF WEDNESDAY WAS A DRAGONFLY DOJI & THAT OF THURSDAY WAS ALMOST A DOJI INSIDE CANDLE TO THE DOJI CANDLE OF WEDNESDAY. SO A BREACH AND MORE IMPORTANTLY A CLOSE BELOW WEDNESDAY’S DOJI CANDLE’S  LOW OF 9215 SPOT WILL WEAKEN NIFTY TO SEE SOME MORE DAYS OF WEAKNESS.

SIMILARLY A BREACH AND CLOSE ABOVE WEDNESDAY’S DOJI HIGH OF 9274 SPOT ON ANY DAY CAN SEE REAL BLAST OFF TOWARDS  MUCH HIGHER LEVELS. SO, WHETHER IT IS AN OPERATOR DRIVEN FALL OR REAL BULLS BUYING RISE, HAVE PATIENCE TO WAIT FOR DECLINES  TO BOLDLY BUY OR BUY NEAR THE DAY END FOR VERY GOOD RISE DURING THE COMING WEEK.

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

 

MARKETS FOR THURSDAY 6TH APR    WITHIN THE OVERALL BULLISHNESS EXPECT A PAUSE OR MILD CORRECTION IN NIFTY ON THURSDAY, IN CASE FUTURE FAILS TO MOVE UP AND BREACH AND MORE IMPORTANTLY STAY ABOVE 9303 TO 9309 FUTURE ZONE THEN WEAKNESS WILL SET IN. HOWEVER  A STAY ABOVE 9303 TO 9309 FUTURE ZONE  CAN PROPEL FUTURES TOWARDS 9335 TO 9340 ZONE. A FALL & THEN A BREACH OF 9262 FUTURES CAN SEE MORE WEAKNESS TOWARDS WEDNESDAY’S LOWS OF 9247 FOLLOWED BY 9229 FUTURE LEVELS.

(INTRADAY LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR WED 5TH APR THE BULL RUN CONTINUES  AND BE ABSOLUTELY SURE TO SEE MORE AND MORE NEW LIFE TIME HIGHS BEING MADE DAY AFTER DAY WITH SMALL SMALL CORRECTIONS IN BETWEEN. HAVING DECISIVELY BREACHED THE EARLIER 4TH MARCH 2015 LIFE TIME HIGH OF 9119, 8TH SEPT 2016 HIGH OF 8960 AND FINALLY 2ND MARCH 2017 HIGH OF 8992, NIFTY CERTAINLY LOOKS FOR MUCH HIGHER LEVELS TOWARDS 11000 OR EVEN HIGHER LEVELS. SWING LONG HOLDERS HAVE A LOOK AT THE EXTREMELY BULLISH DAILY, WEEKLY & MONTHLY CHARTS OF NIFTY AND DECIDE FOR YOURSELF.

THE THREE HIGHS OF 9119, 8960 & 8992 HAD MADE A PERFECT CUP HANDLE FORMATION WITH THE BASE OF THE CUP BEING 2016 BUDGET DAY 29TH FEB LOW OF 6825.NOW 2200 IS THE DISTANCE FROM THIS BASE OF THE CUP AT 6825 TO THE RESISTANCE LINE AROUND 9025 VERTICALLY ABOVE THE BASE OF THE CUP FORMED BY THE ABOVE 3 HIGHS . SO STARTING FROM THE BREAKOUT POINT AROUND 8990( THE BREAKOUT WAS A BIG GAP UP ON 14TH MARCH 2017)IF WE ADD 2200 POINTS  THEN   NIFTY HAS TO TEST 11190 SPOT. SO, USE CORRECTIONS TO BOLDLY ADD AND HOLD AS LONG AS THE DOUBLE BOTTOM LOWS AROUND 9019 IS NOT DECISIVELY BREACHED BY NIFTY BY CLOSING BELOW IT , WHICH IF HAPPENS THEN QUIT ALL LONGS AND GO MEGA SHORTS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, JUST HAVE A LOOK AT THE CANDLE FORMATION IN THE 30 AND 15 MINUTE CHART OF NIFTY FUTURES AND  BOLDLY GO LONG ON SLIGHTEST AMOUNT OF INTRADAY CORRECTION OR PAUSE.  IF A PAUSE OR IF AT ALL AN ORCHESTRATED SHAKE UP COMES ANYTIME THEN BOLDLY BUY AS LONG AS A 30 MINUTE CANDLE DOES NOT CLOSE BELOW 9245 FUTURES,THE LOWS OF MONDAY’S ENDING  MONSTER 30 MINUTE GREEN CANDLE.

REMEMBER BIG PLAYERS ARE QUIETLY ACCUMULATING STOCKS LIKE RELIANCE, TATASTEEL, TATAMOTORS, ITC, HAVELLS, INFRATEL, PETRONET  AND TECH MAJORS LIKE INFY, TCS, HCL TECH ETC. JOIN THEM AND ACCUMULATE ON THEIR DECLINES FOR SURPRISE GAINS IN APRIL. DON’T BE SURPRISED TO SEE TECH MAJORS POSTING BETTER THAN EXPECTED RESULTS & TATA MOTORS CAN SPRING A BIG SURPRISE WITH HEFTY  JAGUAR / JLR SALES NUMBERS SHORTLY.

 

MARKETS FOR MONDAY 3RDAPR ON FRIDAY 31ST MARCH, NIFTY HAD A DAILY, WEEKLY AND MONTHLY CLOSING AT 9173 SPOT IN THE FORM OF A WEEKLY GREEN HAMMER ABOVE ITS PREVIOUS WEEK ENDING RED HAMMER HIGH OF 9167. THIS IS A HIGHLY BULLISH INDICATION AND  BREACHING THE NEWLY FORMED  17TH MARCH LIFE TIME HIGH OF 9218, MAY JUST BE A FORMALITY BECAUSE AFTER TWO YEARS OF GAP  ON MAKING THE EARLIER LIFE TIME HIGH OF 9119 ON 4TH MARCH 2015, NIFTY HAS   DECISIVELY BREACHED THIS HIGH FOR THE 2ND TIME AFTER HAVING BREACHED IT ON 14TH MACH TO MAKE A NEW HIGH ON 17TH MARCH AT 9218 FOLLOWED BY A ROUTINE CORRECTION TILL 9019 LOW OF 22ND MARCH & THEN MOVING UP TO BREACH 9119 FOR THE 2ND TIME.

 REMEMBER WHENEVER A LIFE TIME HIGH OF MUCH OLDER DURATION IS BREACHED, IT WILL CONTINUE TO MAKE MORE AND MORE NEW LIFE TIME HIGHS AFTER SMALL SMALL CORRECTIONS AND EACH OF THESE SMALL SMALL CORRECTIONS ARE GOD SENT OPPORTUNITIES TO ADD ON TO THE LING POSITIONS. SO HAVE A STOP LOSS BELOW  28TH MARCH 7TH NR CANDLE LOW OF 9080 SPOT ON A CLOSING BASIS AND USE EVERY INTRADAY OR EVEN A DAY OR TWO OF DECLINE TO BOLDLY ADD ON TO THE LONG POSITIONS.  ALTHOUGH DOUBLE BOTTOM LOWS OF 9018 SPOT OF 22ND MARCH IS THE SIGNAL TO QUIT LONGS AND GO MEGA SHORTS, YET A CLOSE BELOW 28TH MARCH 7TH NR CANDLE LOW OF 9080 SPOT IS THE WARNING SIGNAL TO REDUCE LONGS.

AS FAR AS BANK NIFTY SPOT IS CONCERNED, BEARISH HARAMI FORMED ON 31ST MARCH ALTHOUGH LOOKS SLIGHTLY ALARMING YET AS LONG AS 30TH MARCH LOW OF 21331 SPOT IS NOT BREACHED ON A DAILY CLOSING BASIS, THIS HARAMI WILL POSE NO DANGER & A CLOSE ABOVE 30TH MARCH HIGH OF 21696 ON ANY DAY CAN TRIGGER MASSIVE SHORT COVERING FOR A MONSTER RISE AGAIN. SAFE TRADERS CAN EVEN QUIT LONGS IN BANK NIFTY IN CASE 21414 SPOT IS BREACHED ON A CLOSING BASIS.

 (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)

 

 

 

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

 

 (WE MONITOR EACH TRADING CALL, FOLLOW IT UP ,CHANGE TARGET OR SL OR ADVISE REVERSE TRADE)


 
1.NIFTY & STOCK FUTURES & OPTIONS INTRA DAY TRADING (Through Yahoo messenger  and  Mobile SMS during trading hours ) 

 

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


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

 

   4.Swing Trading Advice.

 

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

 

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

 

  7. DAILY, WEEKLY & PRE MARKET NEWSLETTER

 

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

 


OUR SUBSCRIPTION RATES

(From Calendar Date to Calendar Date)

 

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

 

 

 

Services

Monthly

(Rs.)

3 / 6months

(Rs.)

Trading Calls All Types on Whattsapp,Yahoo Messenger 

 

 Guaranteed

 

      

 

 

 

 

 

5000 PM 

 

 

10,000 PM 

13000/25000 

 

 

 

 

 

 

 

 

 

 

 


 

TRIAL :-THERE IS NO FREE TRIAL

BANKING DETAILS

NAME:-  Pradipta  Kumar  Patnaik

HDFC BANK A/C NO. 00421330005405    (SECUNDERABAD BRANCH)IFSC CODE-HDFC0000042
ICICI BANK A/CT NO. 630801532020   ( SECUNDERABAD BRANCH ) IFSC CODE-ICIC0006308

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

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

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

Mobile Nos  +919391023729  , +919110507637

 

                          Land Line:   040-40245896             (Airtel)

                                                                                                                          040-27796285            (BSNL)

                                                                                                                       

E-mail:-     pikpot@yahoo.co.in

Yahoo id:--  pikpot

 

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.  

 

 You have visited this page times.