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MARKETS  FOR 24 JUL 2017

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                    

 

 

MARKETS FOR  MONDAY 24TH  JUL ON FRIDAY, NIFTY  MADE A LOWER LOW OF  9838 SPOT BELOW THURSDAY’S LOWS OF 9863 SPOT TO BOUNCE FROM 1 PM TO MAKE A DAY HIGH OF 9924 SPOT ABOVE THURSDAY’S HIGH OF 9922 SPOT & CLOSED HIGHER AT  9915 SPOT  IN THE FORM OF A GREEN HAMMER, MUCH HIGHER THAN  THURSDAY’S CLOSING OF 9863 SPOT. TECHNICALLY THIS IS A HIGHLY BULLISH SIGNAL FOR MUCH HIGHER LEVELS DURING THE COMING WEEK. FROM 17TH JULY HIGHS OF 9928 SPOT, NIFTY IS IN A 4TH SUB SUB WAVE FLAT FORMATION AND DON’T BE SURPRISED TO SEE A SUDDEN BREAKOUT OF THE FLAT  OR ABOVE 17TH JULY HIGH OF 9929 SPOT OR 9944 FUTURES FOR MUCH HIGHER LEVELS SHORTLY IF ONE IS TO GO BY TECHNICALS ONLY.

 REMEMBER ONE THING, THE MANIPULATORS USE TECHNICAL INDICATIONS & GENERAL MARKET CONSENSUS TO TRADE BIG IN THE OPPOSITE WAY  TO TRAP NOVICE & INNOCENT TRADERS WHO FOLLOW TECHNICAL INDICATIONS OR THE GENERAL CONSENSUS. SO IT IS BETTER FOR THESE NOVICE, INNOCENT & LOW CAPITAL TRADERS TO INITIATE FRESH INTRADAY TRADES ONLY DURING THE SECOND HALF OF THE DAY OR AFTER 1 PM TO AVOID GETTING TRAPPED OR HAVE SUFFICIENT AMOUNT OF SPARE CAPITAL  TO AVERAGE OUT THE INITIAL EARLY INTRADAY TRADES AT LEAST TWICE SHOULD THE  OPENING TRADE GOES AGAINST. THESE TYPES OF INNOCENT  TRADERS SHOULD NEVER CARRY POSITIONS HOWEVER ATTRACTIVE THE TECHNICAL INDICATORS LOOK JUST BEFORE OR AROUND THE DAY END OR AT LEAST ASK THE ANALYST GUIDES BEFORE DECIDING ON CARRY OVER OF POSITIONS.

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

MARKETS FOR  FRIDAY 21ST JUL THE PATTERN OF TRADING BOTH ON  WEDNESDAY AND THURSDAY SUGGEST THAT TILL SUCH TIME NIFTY SPOT DOES NOT RISE TO CLOSE ABOVE OUR IMPORTANT LEVEL OF 9929 SPOT , EVERY RISE ABOVE 9900 IS A SHORTING OPPORTUNITY. TRADERS HOLDING LONGS ,IF CAN NOT QUIT OR SHORT FUTURES , THEN AT LEAST DOUBLE SHORT 10000 AND 9950 CALLS ON EVERY INTRADAY RISE OF NIFTY TO POCKET THE ENTIRE PREMIUM ON THESE CALLS BY HOLDING ON TO THE LONG POSITIONS FROM 9900 LEVELS.

FOR INTRADAY TRADING OF FUTURES ON FRIDAY, IN SPITE OF EXCELLENT RESULTS BY RELIANCE, BE ABSOLUTELY SURE SGX NIFTY  MANIPULATORS WILL KEEP NIFTY SUBDUED OR FLAT . A SLIDE OF NIFTY FUTURES TOWARDS OR BELOW THURSDAY & WEDNESDAY DOUBLE BOTTOM LOWS OF 9866 FUTURES CAN BE USED TO BUY NIFTY FUTURES WITH STOP LOSS A FEW POINTS BELOW IT TO REVERSE & BRUTALLY SHORT NIFTY FUTURES.

AFTER SGX NIFTY MANIPULATORS’ INFLICTED FALL OR FLAT CONDITION, IF FUTURE RISES AND STAYS ABOVE 9909 THEN IT TURNS BULLISH FOR HIGHER LEVELS TOWARDS THURSDAYS HIGHS OF 9929 OR 9939 LEVELS.  A FAULTY OR DECEPTIVE GAP UP TOWARDS THESE LEVELS CAN BE USED TO TRADE INTRADAY SHORTS WITH A TIGHT STOP AND REVERSE FOR  QUICK GAINS. REMEMBER INDIAN MARKETS ARE HIGHLY MANIPULATED  BY FOREIGN MANIPULATORS AND WILL NOT BE ALLOWED TO RISE SO EASILY. BEST THING IN THIS OPERATOR INFECTED MARKET IS TO WRITE  HIGHER CALLS & LOWER PUTS TO POCKET THE PREMIUM ON THESE.

 MARKETS FOR  THURSDAY 20THJUL NIFTY AFTER THE ONE OFF DAY OF FALL ON TUESDAY, THAT WAS MOSTLY TRIGGERED SINGLE HANDEDLY BY ITC WHICH LOST  12% ON TUESDAY, WENT UP ON WEDNESDAY TO NOT ONLY BREACH TUESDAY’S DOJI HIGH OF 9885 SPOT BUT ALSO CLOSED ABOVE IT AT 9900 SPOT LEVELS. NIFTY FUTURES TOO DID THE SAME THING SUGGESTING THAT PERHAPS TUESDAY’S FALL WAS THE ONE OFF DAY OF FALL. HOWEVER THE RISE OF WEDNESDAY WAS WITH LOWER VOLUME COMPARED TO THE FALLING DAY VOLUME OF TUESDAY SUGGESTING IF FOLLOW UP BUYING DOES NOT COME ON THURSDAY  NIFTY CAN FALL AGAIN.

TILL SUCH TIME NIFTY DOES NOT RISE TO BREACH AND CLOSE ABOVE MONDAY 17TH JULY HIGH OF 9929 SPOT AND 9943 FUTURES( WHICH WITHOUT ANY  DOUBT WILL HAPPEN SHORTLY) ONE CAN NOT BE SURE OF THE RISE OF WEDNESDAY. SO, SHORT TERM PLAYERS CAN HOLD LONGS INITIATED ON WEDNESDAY AND WITH IT SHORT HIGHER CALLS OF 10000 AND 9950 ON INTRADAY RISE OF NIFTY IN ORDER TO POCKET THE PREMIUM ON THESE CALLS BY HOLDING ON TO LONG FUTURES.

FOR INTRADAY TRADING OF NIFTY FUTURES  ON THURSDAY, EXPECT SGX NIFTY TO BE KEPT SUBDUED TO IMPART A NEGATIVE SENTIMENT ON INDIAN MARKETS. AS LONG AS NIFTY FUTURES STAYS ABOVE 9900 IT CONTINUES TO REMAIN BULLISH FOR HIGHER LEVELS TOWARDS  MONDAY’S HIGHS OF 9942. STAYING ABOVE 9944 CAN TRIGGER MASSIVE SHORT COVERING TOWARDS 9955 TO 9966 OR EVEN 9975 OR HIGHER LEVELS.

A FAILURE TO BREACH  AND STAY ABOVE MONDAY’S HIGH OF 9944 WILL INVITE BEARS TO BRUTALLY SHORT NIFTY FUTURES WITH STOP LOSS A FEW POINTS ABOVE 9944. A FAILURE TO STAY ABOVE BULLS BUYING POINT OF 9900 AND SLIDE BELOW 9895 AND STAYING BELOW IT CAN SEE BIGGER FALLS TOWARDS WEDNESDAY’S LOWS OF 9866 FUTURE LEVELS  FOR MEGA BUYING BY THE BULLS AGAIN. USE DECLINES TO QUIETLY ACCUMULATE RELIANCE INDUSTRIES EXPECTING EXCELLENT RESULTS ON LATE THURSDAY FAILING WHICH ONE CAN SEE BIGGER FALLS IN NIFTY FROM FRIDAY.

MARKETS FOR  WED 19THJUL NIFTY BREACHED THE CRITICAL LEVEL OF 9906 FUTURES AT THE OPEN ONLY THAT PROMPTED ALL BIG TRADERS TO QUIT THEIR LONGS AND TRADE  SHORTS FOR GREAT GAINS. NOW, NIFTY SPOT HAS BREACHED 9857 TO 9850 SPOT ZONE AND CLOSED THE DAY BELOW IT AT 9829 THAT PROMPTED SWING HOLDERS ALSO TO QUIT LONGS AND  TAKE SHORT POSITIONS FOR NEXT FEW DAYS.

 NOW TILL SUCH TIME SPOT NIFTY DOES NOT RISE TO BREACH AND CLOSE ABOVE TUESDAY’S DOJI HIGH OF 9885 SPOT AND 9905 FUTURES , EVERY INTRADAY RISE TOWARDS THESE LEVELS ARE EXCELLENT SHORTING OPPORTUNITIES. THE VOLUME OF FALL IN NIFTY FUTURES WAS MUCH HIGHER THAN THE VOLUME OF LAST 10 DAYS SUGGESTING SOME MORE DAYS OF FALL OR PAUSE BEFORE THE MEGA BULL RUN RESUMES.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, NIFTY FUTURE NEEDS TO RISE AND STAY ABOVE 9875 TO TRIGGER SHORT COVERING THAT MAY PROPEL FUTURES TOWARDS TUESDAY’S OPENING HIGHS OF 9900 TO 9905 FUTURE LEVELS.  ON THE LOWER SIDE EXPECT GOOD BUYING TO COME SHOULD NIFTY FUTURE FALL TOWARDS  TUESDAY’S LOWS OF 9830 TO 9825 FUTURES, A BREACH & STAY BELOW WHICH CAN SEE MORE SHORTING INTEREST TOWARDS LOWER LEVELS OF 9800 TO 9797 FUTURE LEVELS FOR THE BOUNCE AGAIN.

THE CANDLE OF TUESDAY IS A DOJI CANDLE FOR SPOT NIFTY WHOSE HIGHS AND LOWS OF 9885 & 9792 SPOT WILL PLAY A MAJOR ROLE. ON ANY DAY  IF NIFTY SPOT CLOSES ABOVE 9885 OR BELOW 9792 THEN IT WILL SEE BIGGER MOVES IN THE DIRECTION OF BREACH AND CLOSE.IN ANY CASE SHORT POSITIONS INITIATED ON TUESDAY CAN BE HELD AS LONG AS TUESDAY’S HIGHS ARE NOT BREACHED ON A CLOSING BASIS. 

MARKETS FOR  TUESDAY 18THJUL THE MEGA BULL RUN CONTINUES & WILL CONTINUE, SO LOOK FOR PAUSES OR DECLINES TOWARDS 9915 TO 9900 SPOT NIFTY LEVELS TO BUY AND ADD MORE ON EVERY DECLINE TOWARDS 9858 SPOT FOR IMMEDIATE TARGETS OF 10111 SPOT NIFTY LEVELS IN NEXT FEW DAYS, WITH STOP LOSS BELOW 9858 TO 9850 SPOT ON A DAILY CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT.

INTRADAY TRADERS, USE EVERY SMALL DECLINE IN NIFTY FUTURES & BNF TO BOLDLY BUY FOR GOOD INTRADAY GAINS. ONLY A BREACH AND MORE IMPORTANTLY CLOSURE OF A 30 MINUTE CANDLE BELOW 9910 OR BELOW MONDAY’S LOWS OF 9906 FUTURES CAN BE USED TO QUIT LONGS AND TRADE SHORT. OTHERWISE BUY  AND ONLY BUY SHOULD BE THE MOTTO IN NIFTY AND BNF.

MARKETS FOR  MONDAY 17THJUL

THE MEGA BULL RUN CONTINUES & WILL CONTINUE IN SPITE OF MANY IN THE FINANCIAL CHANNELS TRYING TO THROW WET BLANKET OVER THE BULL RUN. USE SUCH ADVERSE COMMENTS AS GOD SENT OPPORTUNITIES TO BUY & BUY ONLY FOR GREAT MEDIUM TO LONG TERM GAINS.  PLEASE KEEP IN MIND THAT INTRADAY TRADING IS ALTOGETHER  A DIFFERENT BALL GAME AND HAS NOTHING TO DO WITH THE MEGA BULLISH LONG TERM OR SWING TRADES.

SWING TRADERS HOLDING LONGS AND ADDING LONGS ON EVERY INTRADAY DECLINES CAN HAVE STOP LOSS BROUGHT UP FROM  11TH JULY LOW OF 9779 SPOT TO  14TH JULY HAMMER LOW OF 9845 SPOT ON A DAILY CLOSING BASIS TO BOOK PROFIT ON LONGS AND TRADE SHORT THERE AFTER. HOWEVER AS LONG AS NIFTY SPOT DOES NOT CLOSE A DAILY CANDLE BELOW 14TH JULY HAMMER LOWS OF 9845 SPOT, EVERY DECLINE IN NIFTY IS SHOULD BE USED TO ADD LONGS TO ALREADY HELD OLD LONG POSITIONS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, AFTER THE GAP OPENING ONE CAN LOOK FOR DECLINES TO TRADE LONG OR TRADE SHORT ON THE GAP UP OPEN FOR QUICK INTRADAY GAINS. NIFTY FUTURES AS LONG AS DOES NOT FALL AND STAY BELOW 9880, IT IS BULLISH AND A SLIDE TO STAY BELOW 9880 WILL HELP  INTRADAY SHORTERS.

INTRADAY BUYERS CAN WAIT FOR SOME INITIAL DECLINES TO BUY BY HAVING STOP LOSS BELOW 9880 FUTURES  TO REVERSE AND TRADE SHORT, ADD MORE SHORTS BELOW 9870 FUTURES. NIFTY FUTURES HAS 9857 AND 9858 AS LOWS ON THURSDAY AND FRIDAY LAST WEEK. SO DOCILE TRADERS ITCHING TO TRADE LONG CAN GO LONG IF NIFTY FUTURE APPROACHES 9858 WITH TIGHT STOP LOSS BELOW 9850 FUTURES ON A 15 MINUTE CANDLE CLOSING BASIS. THE MARKETS ARE SUCH THAT IT FAVORS LONG TRADES ON EVERY DECLINE.

LOOK FOR STOCK FUTURES WHICH HAVE NOT GONE UP DURING LAST WEEK WHEN MOST OF THE MARKET WAS GOING UP. HIGHLY OPERATOR DRIVEN PETRONET LNG,TATA MOTORS , TATASTEEL, ITC, HDFC BANK, ICICI BANK CAN ACCUMULATED BUT ONLY ON OPERATOR DRIVEN DECLINES. THESE PULLED DOWN STOCKS TOWARDS LATER HALF OF LAST WEEK HAVE THE HIGHEST POTENTIAL TO RISE DURING THE COMING WEEKS. SO WAIT FOR DECLINES IN THESE TO QUIETLY ACCUMULATE TO GIVE COMPANY TO THE KING RELIANCE WHICH AIMS FOR 1800 OR HIGHER LEVELS IN NEXT FEW MONTHS OF THIS YEAR FOR SURE.

MARKETS FOR  FRIDAY 14THJUL NIFTY MOVED UP AND MADE A HIGH OF 9897 SPOT AND STILL LOOKING HIGHLY BULLISH, SUGGESTING TRADERS TO WAIT FOR SOME DECLINES TO BOLDLY BUY. POOR RESULTS OF TECH STOCKS ARE AS PER EXPECTATIONS AND ANY FALL IN NIFTY DUE TO TECH DEBACLE MUST BE USED TO BOLDLY BUY. WHEN TECH STOCKS PULL THE MARKETS DOWN OTHER HEAVY WEIGHTS LIKE ITC, RELIANCE , HDFC BANK , L&T ETC WILL PULL THE MARKETS UP.

LOOK FOR GAP DOWNS TO BUY  ONLY. TO SEE 10000 NIFTY LEVELS VERY SHORTLY. 11TH JULY INVERTED HAMMER LOWS OF 9779 SPOT, MAKING INSIDE CANDLE SETUP WITH 12TH JULY NR CANDLE CAN BE KEPT AS STOP LOSS ON A DAILY CLOSING BASIS FOR ALL SWING LONGS AND EVERY DECLINE TOWARDS 9800 BE BOLDLY BOUGHT. (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  THURSDAY 13THJUL NIFTY AFTER THE BREAKOUT MOVE OF MONDAY, TOOK  TWO DAYS OF PAUSE AND RESUMED  MEGA BULLISH MOVE ON WEDNESDAY. EVERY PAUSE  OR EVEN INTRADAY DECLINE IS TO BE BOLDLY BOUGHT INTO TO TAKE FULL ADVANTAGE OF THIS MEGA BULL RUN. NIFTY IS HEADING FOR 10000 LEVELS DURING NEXT FEW DAYS AND IF THE MEGA BULL RUN CONTINUES, THEN DON’T BE SURPRISED TO SEE OUR TARGET OF 12400 NIFTY LEVELS DURING EARLY PART OF COMING YEAR. BOTH THURSDAY AND FRIDAY ARE GOING TO BE BULLISH DAYS SO SWING LONG HOLDERS USE EVERY DECLINE TO BUY AND HOLD. (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR  WED 12THJUL AS EXPECTED, NIFTY AFTER THE BREAKOUT MOVE OF MONDAY, TOOK A DAY OF PAUSE AND EXPECT ANOTHER DAY OR TWO OF PAUSE TO INDUCE ANOTHER FEELING OF CONTRACTION OR EXPANSION ON THE DOWN SIDE. DON’T BE SURPRISED TO FIND PEOPLE AGAIN TALKING OF 9000 LEVELS AS THEY WERE MENTIONING LAST WEEK TO QUIETLY SHIFT TOWARDS BULLISHNESS & NOW AGAIN SHIFTING TOWARDS BEARISHNESS. USE THIS PAUSE OR SLIDE TOWARDS  EARLIER LIFETIME HIGHS OF 9709 SPOT TO BOLDLY BUY  AND BUY ONLY WITHOUT FAIL.

SWING BUY POSITION HOLDERS HAVE STOP LOSS BELOW 4TH JUL LOWS OF 9595 SPOT ON A CLOSING BASIS AND ADD EVERY DECLINE OF 50 TO 100 POINTS IN NIFTY IF AT ALL IT HAPPENS TO SEE 10000 OR NEAR LEVELS IN NIFTY SHORTLY. HOWEVER INTRADAY DAY TRADERS CAN USE THE INTRADAY DAY SWINGS TO TRADE BOTH WAYS FOR INTRADAY GAINS. THE BIAS SHOULD BE ON THE UP SIDE MEANING WAITING FOR DECLINES OR PAUSE OR ON FINDING A REVERSAL CANDLE TO TRADE ON THE LONG SIDE WILL GENERATE BETTER INTRADAY RESULTS.

FOR WEDNESDAY’S INTRADAY TRADING PURPOSE, EXPECT SGX MANIPULATORS TO KEEP NIFTY SUPPRESSED BEFORE THE START. AS LONG AS NIFTY FUTURE STAYS ABOVE 9779 TO 9774, EVERY INTRADAY DECLINE TOWARDS THIS ZONE IS A BUY. A CLOSURE OF A 30 MINUTE CANDLE BELOW CRITICAL SUPPORT OF 9770 FUTURES WILL BE A SIGN OF INTRADAY WEAKNESS TO TRADE MORE SHORTS TOWARDS LOWER LEVELS OF  9750 TO 9740 FOR BUYING ACTION AGAIN. 

AFTER A SLIDE , IN CASE NIFTY FUTURES RISES TO STAY ABOVE 9808 TO 9812 ZONE THEN IT IS A BULLISH INDICATION FOR HIGHER INTRADAY TARGETS OF TUESDAY’S HIGHS OF 9829 OR HIGHER LEVELS TOWARDS 9840 TO 9850 FUTURE LEVELS. INITIAL RISE TOWARDS 9808 TO 9812 FUTURE ZONE BUT FAILING TO STAY ABOVE THIS ZONE WILL BE A SIGN OF WEAKNESS TO TRADE SHORT WITH STOP LOSS ABOVE THIS 9808 TO 9812 FUTURE ZONE TO REVERSE AND GO LONG. 

 

MARKETS FOR TUESDAY11THJUL NIFTY BROKE OUT OF THE EARLIER LIFE TIME HIGH OF 9709 SPOT AND WENT UP AS HIGH AS 9782 TO FINALLY CLOSE AT 97764 MUCH HIGHER THAN THE RESISTANCE OF 9709 SPOT. ALL THOSE WHO QUITTED SHORTS AND WENT LONG ABOVE 9709 SPOT HOLD THE LONG POSITIONS BOLDLY AND ADD FRESH LONGS ON EVERY DECLINE TOWARDS EARLIER HIGHS OF 9709 SPOT. 6TH JULY LOWS OF 9639 SPOT CAN BE USED AS STOP LOSS ON A DAILY CANDLE CLOSING BASIS FOR ALL SWING LONGS. SUPPORTS FOR SPOT NIFTY ARE NOW AT 6TH JULY LOWS OF 9639 A CLOSE BELOW WHICH CAN FIND MUCH BIGGER SUPPORT AT 4TH JULY LOWS OF 9595 SPOT ON A CLOSING BASIS, BELOW WHICH ONLY ONE CAN QUIT LONGS AND TRADE SHORT AGAIN.

 THE CUP HANDLE FORMATION MADE BY THE HIGHS OF  6TH JUNE AT 9709, 22ND JUNE HIGHS OF 9698 AND 6TH JULY HIGHS OF 9700 WITH THE BOTTOM OF THE CUP AT 30 JUNE LOWS OF 9448 CAN EASILY SEE HIGHER LEVEL OF 9950 SPOT LEVELS IN QUICK TIME. SO FORGET THE TECHNICAL HITCH OF MONDAY AND FOCUS ONLY ON MINOR INTRADAY DECLINES TO ADD LONGS FOR IMMEDIATE LEVEL OF 9950 TO 10,000 NIFTY IN JULY ITSELF. JUST DON’T BOTHER FOR THE LOW VOLUME OF MONDAY, LEVELS ARE LEVELS. AT THE WORST CASE ONE CAN EXPECT A DAY OR TWO OF FLAT OR MILDLY CORRECTIVE DAYS BEFORE ANOTHER MEGA BREAKOUT MAY BE WITH LOW VOLUME ALSO. SWITCH OF THE TV & FOCUS ON YOUR TRADING THE MOMENT YOU HEAR THE TERM ‘TECHNICAL HITCH’ FROM THE TV ANCHORS OF FINANCIAL CHANNELS DURING TRADING HOURS.

USE 2/3 DAYS OF PAUSE OR EVERY DECLINES IN RELIANCE, ITC, TATA STEEL, TATA MOTORS, PETRONET, INFRATEL, TCS ,ALL AUTO & ITS  ANCILLARY STOCKS FOR GREAT GAINS IN THIS MEGA BULL MARKET .

MARKETS FOR FRIDAY 7THJUL NIFTY REACHED OUR TARGET OF 9700. ALL THOSE WHO BOOKED PROFIT IN NIFTY FUTURE SWING LONGS AT 9700  HAVE SOME REST AS NIFTY WILL BE PULLED DOWN BY A CERTAIN AMOUNT BEFORE IT RESUMES THE MEGA BULL RUN. SO FOR FRIDAY, LOOK FOR RISE TO TRADE SHORT IN NIFTY & BNF WITH STOP LOSS ABOVE 9707 FUTURES. A SLIDE TO STAY BELOW 9650 FUTURES CAN BE USED TO ADD MORE SHORTS. A DAILY CLOSE BELOW THURSDAY 6TH JULY LOW OF 9640 SPOT & FUTURE IS A GOOD SIGNAL TO ADD MORE SHORTS.

 OUR VERY SHORT TERM BEARISH VIEW IS BASED ON THE FACT THAT NIFTY  HAVING RISEN FROM LAST FRIDAY’S HAMMER LOWS OF  9450 SPOT AND FUTURE LEVELS HAVE MOVED UP BY 250 POINTS TILL 9700 SO BE SURE THE MANIPULATORS WILL PLAY MERRY HELL WITH NIFTY TO PULL IT DOWN ON THIS FRIDAY 7TH JULY . SO, SWING SHORTERS HOLD SHORTS  WITH STOP LOSS ABOVE YOUR SHORT PRICE OR ABOVE 9700 OR ABOVE THURSDAY 6TH JULY HIGHS ON TWO HOURLY CANDLE CLOSING PRICE IF NOT A DAILY CANDLE CLOSING PRICE TO REVERSE AND GO LONG AGAIN.

REMEMBER ANY DAY SPOT NIFTY RISES TO CLOSE A FEW POINTS ABOVE 6TH JUNE HIGH OF 9709 SPOT, IT BECOMES A ROCKET. HENCE SHORTERS KEEP THIS LEVEL IN MIND. ITC CAN BE HELD OR BOUGHT ON DECLINES BUT RELIANCE CAN BE DUMPED ON RISE. SIMILARLY TATA MOTORS , PETRONET CAN BE HELD OR BOUGHT ON DECLINES AND TATA STEEL MAY BE DUMPED ON INTRADAY RISE. THIS IS FOR A DAY OR TWO OF TRADING ONLY AS BULLISHNESS WILL RESUME FROM TUESDAY OR WEDNESDAY NEXT WEEK .

(INTRADAY TRADING WHICH IS A DIFFERENT BALL GAME ALTOGETHER, THESE LEVELS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY 6THJUL NIFTY LOOKS EXTREMELY BULLISH. LOOK FOR A MINOR DECLINE TOWARDS 9630 FUTURES TO BUY. IF IT IS PULLED DOWN FURTHER THEN  GRADUALLY ADD MORE TOWARDS 9606 TO 9600 FUTURE LEVELS. IN CASE NIFTY FUTURES DO NOT FALL TO COME TOWARDS THESE LEVELS THEN ALSO BUY AND DOUBLE YOUR BUYS IN CASE THE FUTURE IS PULLED DOWN TOWARDS  ABOVE TWO LEVELS.

IN CASE NIFTY FUTURE IF PULLED DOWN, AND  THEN AFTER THE FALL IT RISES ABOVE 9641, THEN IT TURNS BULLISH AND MORE BULLISH IF STAYS ABOVE 9666 FUTURE LEVELS TOWARDS 9686 TO 9696 OR EVEN HIGHER FUTURE LEVELS. DON’T GET BOGGED DOWN WITH TERMS LIKE RANGE EXPANSION, RANGE CONTRACTION, CHOPPY MARKET ETC.  JUST LOOK FOR DECLINES & BUY BOLDLY. THIS INCLUDES BNF ALSO, DON’T BE SCARED OF ITS WEEKLY EXPIRY ETC. AS LONG AS BNF STAYS ABOVE 23313 TO 23300 IT IS BULLISH AND TURNS MORE BULLISH ON STAYING ABOVE 23477 TO 23488 TO EYE FOR 23577 TO 23588 LEVELS.

RELIANCE MAY TAKE A WELL DESERVED REST SIMILAR TO ITC WHICH HAS BEEN RESTING FOR TWO DAYS. LOOK FOR DECLINES ( YES DECLINES )TO BOLDLY BUY TATA STEEL, TATA MOTOR, TITAN, INFRATEL, REL CAPITAL & PETRONET FUTURES FOR GOOD GAINS. AFTER THE HYBERNATION PERIOD IS OVER IN ITC BOLDLY ADD  EITHER FROM MONDAY OR TUESDAY AGAIN. WHEN ITC RISES RIL WILL SLEEP & VICE VERSA.

MARKETS FOR   WED 5THJUL NIFTY TOOK A PAUSE ON TUESDAY AFTER THE MEGA BULLISH SETUP CANDLES OF FRIDAY & MONDAY. LOOK FOR DECLINES TO BUY BOLDLY. A DECLINE TOWARDS 9595 SPOT IS A GOOD INDICATION TO BOLDLY ADD ON TOM THE LONG POSITIONS TO SEE MUCH HIGHER LEVELS ABOVE LIFE TIME HIGHS OF 9709 SPOT POSSIBLY DURING THIS WEEK ITSELF.

FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, A FALL TOWARDS TUESDAY’S LOWS OF 9595 IS A GOOD BUY AND IN CASE IT FALLS FURTHER THEN BOLDLY ADD POSITIONS NEARER TO 9575 FUTURES. ON THE HIGHER SIDE A BREACH AND STAY ABOVE TUESDAY’S HIGHS OF 9643 IS ALSO A GOOD BUYING INDICATION TOWARDS HIGHER LEVEL TARGETS OF 9666 OR MUCH HIGHER LEVELS. LOOK FOR DECLINES IN RELIANCE, ITC, TATASTEEL AND TATA MOTORS TO BOLDLY ADD TO THE LONG POSITIONS. USE EVERY DECLINE TO BUY ONLY

MARKETS FOR    TUESDAY 4TH  JUL NIFTY CLOSED THE DAY AT 9616 SPOT &  9628 FUTURES MUCH HIGHER THAN THE HIGHS OF ITS TWO PREVIOUS DAYS. WHAT IS MORE INTERESTING IS THAT IN JUST ONE DAY MONSTROUS  GREEN CANDLE OF MONDAY, SPOT NIFTY HAS CLOSED ABOVE THE HIGHS OF ITS ENTIRE PREVIOUS WEEK OF FOUR DAYS. TECHNICALLY THIS IS A MEGA BULLISH SIGNAL THAT SHOULD SEE NEW LIFE TIME HIGHS ABOVE  6TH JUNE HIGHS OF 9709 SPOT.

HOWEVER ONE THING TO BE KEPT IN MIND THAT,  THIS TYPE OF BIG RISE  IS MOSTLY GENERATED BY MANIPULATORS TO INDUCE A BULLISH FEELING AND THESE SWINDLERS SHORT AT THE DAY END TO PULL SGX NIFTY DOWN THE NEXT DAY SO THAT THESE MANIPULATORS CAN BOOK PROFIT ON THEIR OVERNIGHT SHORTS OR THEY MAY OPEN WITH A BIG GAP UP AND BRUTALLY SHORT AGAIN THE OPENING GAP HIGH SO THAT THE GAP HIGH IS NEVER BREACHED AGAIN ON AN INTRADAY CANDLE CLOSING BASIS. SO, ALTHOUGH TECHNICALS GIVE STRONG BULLISH SIGNALS AS PER THE CANDLE SETUP OF FRIDAY & MONDAY,  YET IT MAY BE A PERFECT TRAP LAID BY MANIPULATORS TO TRAP THE BULLS.

FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY, AS LONG AS NIFTY FUTURES STAYS ABOVE 9606 TO 9600 ZONE IT WILL CONTINUE TO REMAIN STRONG. A RISE AND MORE IMPORTANTLY STAY ABOVE 9646 TO 9650 IS A SIGN OF STRENGTH TOWARDS HIGHER LEVELS OF 9675 OR EVEN HIGHER LEVELS TOWARDS 9696 TO 9700

. A FAILURE TO STAY ABOVE 9646 FUTURES WILL BE A SIGN OF WEAKNESS AND A FURTHER FALL TOWARDS  9610 TO 9600 CAN INITIALLY INVITE BIG BUYING WITH STOP LOSS BELOW THIS ZONE TO REVERSE FOR SHORTS THAT CAN SEE NIFTY FUTURES SLIDING FURTHER DOWN TOWARDS 9580 TO 9570 LEVELS TO ATTRACT MEGA BUYING AGAIN. HOWEVER A SLIDE TO STAY BELOW 9569 FUTURES CAN SEE A SHARP DECLINE TOWARDS 9550 TO 9545 NEARER TO MONDAYS LOW OF 9538. UNDERSTAND THE OPERATORS’ GAME PLAN & TRADE ACCORDINGLY TO MAKE GOOD MONEY IN TRADING.

MARKETS FOR    MONDAY 3RD JUL NIFTY SPOT HAD A MONTHLY CLOSE AT 9521 COMPARED TO MAY MONTH CLOSING OF 9621. THIS IS THE FIRST TIME SPOT NIFTY HAS CLOSED NEGATIVE AFTER IT MADE DECEMBER 2016 MONTHLY LOW OF 7893.AS PER LONG TERM MONTHLY CHARTS STARTING FROM 2008 BEAR MARKET LOWS OF 2252 IN OCTOBER 2008, NIFTY PRESENTLY IS ON THE 3RD  SUB WAVE OF THE 5TH MAJOR UP WAVE. THE 3RD MAJOR UP WAVE WAS COMPLETED ON  4TH MARCH 2015 HIGH OF 9119. THE 4TH DOWN ABC WAVE WAS COMPLETED ON  BUDGET DAY 29TH FEB 2016 LOWS OF 6825. THE 1ST UP SUB WAVE OF THE 5TH WAVE WENT UP TILL 7TH SEPT 2016 HIGH OF 8969, THE 2ND DOWN SUB WAVE FELL TILL 26TH DEC 2016 LOW OF 7893.

THE 3RD UP SUBWAVE IS STILL ON  THAT HAS MADE A 6TH JUNE 2017 HIGH OF 9709. NOW THIS CORRECTION SPANNING FOR NEAR 4 WEEKS  MAY SHOW A SOLID BOUNCE SHORTLY AND IN CASE OF A FALL, TILL NIFTY SPOT DOES NOT FALL TO CLOSE BELOW 24TH MAY 2017 LOW OF 9341, IT CAN CLEARLY INDICATE  A MEGA RISE TOWARDS NEW HIGHS ABOVE 6TH JUNE HIGH OF 9709 SPOT.. NOW ON A VERY SHORT TERM BASIS AS LONG AS SPOT NIFTY DOES NOT RISE TO CLOSE ABOVE  29TH JUNE INVERTED HAMMER HIGH OF 9575 SPOT, EVERY RISE TOWARDS IT CAN BE BRUTALLY SHORTED WITH STOP LOSS ABOVE 9575 SPOT ON A CLOSING BASIS TO QUIT SHORTS AND REVERSE FOR  GOING LONG.

ALTHOUGH NIFTY IS CERTAINLY IN ITS MEGA BULL PHASE TOWARDS MUCH MUCH HIGHER LEVELS ABOVE 6TH JUNE HIGHS OF 9709, BUT  PRESENTLY IT IS IN A CORRECTIVE MODE AS LONG AS IT DOES NOT RISE TO CLOSE ABOVE 9575. SO, SWING SHORTERS MAY HOLD THE SHORTS WITH STOP LOSS ABOVE 9575 SPOT ON A CLOSING BASIS TO QUIT SHORTS AND TRADE LONG. FOR INTRADAY TRADING OF NIFTY FUTURES ON MONDAY, NIFTY FUTURES FAILING TO RISE AND FAILING TO CLOSE A CANDLE ABOVE 9555 WILL BE THE SIGNAL TO TRADE SHORT WITH STOP LOSS ABOVE IT ON A CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG TOWARDS  9575  OR EVEN 9595 FUTURE LEVELS.

ON THE LOWER SIDE A SLIDE BY NIFTY FUTURES TO BREACH 9490 IS A SIGN OF FURTHER WEAKNESS TO ADD ON TO THE SHORTS TOWARDS  LOWER  LEVEL TARGETS OF 9474 OR STILL LOWER LEVELS TOWARDS FRIDAY’S LOWS OF 9451 OR LOWER  TO CONFIRM THAT THE CORRECTION THAT HAD STARTED FROM  22ND JUNE SWING HIGH OF 9732 HAS SOME MORE DOWN SIDE DURING THE WEEK BEFORE THE MEGA BULL RUN RESUMES. USE EVERY DECLINE TO BUY TATA STEEL, RELIANCE, ITC, ALL LOGISTICS, TRANSPORTATION & AUTO STOCKS FOR GREAT GAINS IN JULY.

MARKETS FOR    FRIDAY 30 JUN EXPIRY IS OVER &  NIFTY JULY FUTURES CLOSED NEAR 9525. INTRADAY TRADERS LOOK FOR INTRADAY RISE TOWARDS 9545 TO BOLDLY TRADE SHORT, EVEN IF THERE IS NO RISE THEN ALSO TRADE SHORT WITH STOP LOSS ABOVE 9550 TO REVERSE AND GO LONG. FRESH SWING TRADERS ALSO CAN FORGET LONGS FOR NEXT FEW DAYS AND ENTER SHORT TRADE ON RISE OR EVEN IF THERE IS NO RISE TAKE SHORT POSITIONS. ENOUGH HAS BEEN MADE ON LONG TRADES , SO TRY SOME SHORT TRADES.

MARKETS FOR    THURSDAY 29 JUN EXPIRY DAY, SO NO TRADE IS BEST TRADE. IF ONE HAS TO TRADE THEN LOOK FOR DECLINES TOWARDS WEDNESDAYS LOWS OF 9474 TO 9470  SPOT  TO BUY JULY FUTURES AND IN CASE NIFTY IS PULLED DOWN TOWARDS 9460 TO 9450 THEN ADD MORE JULY FUTURES. CONSERVATIVE TRADERS  NEED NOT TRADE AT ALL OR WAIT  FOR NIFTY TO FALL TOWARDS 9460 TO 9450 SPOT LEVELS  TO BUY JULY FUTURES. BUY HOLDING ON TO JULY FUTURES AND WITH IT USE INTRADAY RISE EITHER EARLY OR TOWARDS THE END TO BOLDLY SHORT 9600 JULY CALLS AND HOLD THESE AS HEDGE TO THE BOUGHT JULY FUTURES. 

FOR INTRADAY TRADING OF NIFTY FUTURES, IN CASE OF A RISE ,  TRADE SHORT IN CASE NIFTY FUTURE FAILS TO BREACH AND SUSTAIN ABOVE  WEDNESDAY’S HIGHS OF 9524 WITH STOP LOSS ABOVE 9535 ON A 30 MINUTE CANDLE CLOSE BASIS TO REVERSE AND TRADE LONG. IN CASE OF A FALL, BREACH OF TUESDAY & WEDNESDAY LOWS OF 9480 TO 9472 JUNE FUTURE ZONE CAN BE USED TO TRADE INTRADAY SHORTS FOR LOWER LEVELS TOWARDS 9460 TO 9450 OR EVEN LOWER LEVELS WHERE ONE CAN BOOK PROFIT ON   JUNE FUTURE SHORTS AND BUY JULY FUTURES TO CARRY.

MARKETS FOR   WED 28 JUN NIFTY  FELL AS WAS GIVEN BELOW (HIGHLIGHTED FOR BETTER VIEWING) AND BRUTAL SHORTING WAS RESORTED TO AFTER THE OPENING  BY HAVING STOP LOSS ABOVE THE GIVEN  LEVEL OF 9626. THE FALL IN NIFTY  FROM 6TH JUNE LIFE TIME HIGH OF 9709 TO TUESDAY 27TH JUNE LOW OF 9473 SPOT HAD JUST TESTED THE CRITICAL 61.8% RETRACEMENT LEVEL OF 9482 SPOT COUNTED FROM 24TH MAY SWING LOWS OF 9341 TILL 6TH JUNE LIFE TIME HIGH OF 9709. NIFTY BOUNCED  AFTER BREACHING THIS FIBO LEVEL OF 9482 TO MOVE UP TILL  9520 TO FINALLY CLOSE THE DAY AT 9511.

ON WEDNESDAY, EXPECT SGX MANIPULATORS TO KEEP SGX  NIFTY DOWN AGAIN SO THAT THE FIBO 61.8% LEVEL IS RETESTED.  ALL SHORTERS FROM FRIDAY MUST USE ANY GAP DOWN OR A RETEST OF  TUESDAY’S LOWS TO BOOK PROFIT ON ALL THE SHORTS AND BOLDLY BUY JULY FUTURES. A RISE BY JUNE FUTURES TO BREACH AND STAY ABOVE 9535 CAN BE USED TO QUIT ALL SHORTS AND BOUGHT PUTS  TO BUY MORE JULY FUTURES  AND THESE BE HELD. MOST LIKELY MANIPULATORS WILL   RETEST TUESDAYS LOWS OF 9473 SPOT AND FUTURES THAT MUST BE USED TO QUIT ALL SHORTS AND BUY JULY FUTURES.

DO NOT  BOTHER WHAT THE FINANCIAL CHANNELS ARE SAYING NEGATIVE ABOUT GST . JUST TAKE YOUR  MIND TO BREXIT OR RECENT US ELECTIONS WHEN THEY ALL HAD SAID MARKETS TO CRASH BUT ONLY TO SEE MARKETS SKY ROCKETING JUST AFTER THE EVENTS. SAME WILL HAPPEN  AFTER GST COMES INTO EFFECT. SO, USE THESE NEWS TO QUIT SHORTS AND REVERSE  FOR LONGS IN JULY FUTURES. THERE IS NOTHING WRONG WITH INDIAN MARKETS. IT IS THE FINANCIAL CHANNELS WHO RUIN INDIAN MARKETS THAT IS WHY TRADERS DO BEST OF TRADING BY SWITCHING OF THESE FINANCIAL CHANNELS DURING TRADING HOURS. SO, USE DECLINES TO QUIT SHORTS AND BOLDLY BUY JULY FUTURES AND ADD MORE IN CASE NIFTY IS PULLED DOWN FURTHER TOWARDS 9450 OR EVEN 9400 FOR GREAT GAINS IN JULY (INTRADAY TRADING LEVELS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR    TUESDAY 27 JUN WEEKENDING 23RD JUNE SAW NIFTY CLOSING AT 9574 SPOT AND 9590 FUTURES, JUST A FEW POINTS BELOW ITS PREVIOUS WEEKENDING 16TH JUNE  CLOSING  LEVEL OF 9580 SPOT & 9597 FUTURES.  A WEEKLY CLOSE BELOW WEEKENDING 16TH JUNE LOWS OF 9560 SPOT AND 9585 FUTURES OR A DAILY CLOSE FOR TWO TO THREE DAYS BELOW THESE LEVELS SHOULD FORCE THE BULLS TO QUIT ALL LONGS . HOWEVER SEASONED TRADERS CAN WAIT FOR A WEEKLY CLOSE BELOW 8 WMA LEVEL OF 9525 TO QUIT LONGS. IN THE DAILY CHARTS 34 DAY EMA FLOATS AROUND 9535 SPOT THAT WILL PROVIDE SOLID SUPPORT TO NIFTY ON A CLOSING BASIS THAT MAY EVEN SEE NIFTY REVERSING FROM THIS LEVEL TO RESUME THE BULL RUN. IN ANY CASE BOLD SWING TRADERS WHO HAVE INITIATED SHORTS ON FRIDAY CAN HOLD THE SHORTS BY HAVING A STRICT STOP LOSS ABOVE FRIDAY’S HIGHS OF 9647 TO 9650 SPOT ZONE ON A DAILY CLOSING BASIS.

NIFTY AFTER MAKING A HIGH OF 9709 SPOT ON 6TH JUNE HAS CONTINUED TO REMAIN IN A FLAT ZONE FOR NEXT 14 DAYS TILL FRIDAY 23RD JUNE. THE LOW OF THIS FLAT WAS 9660 SPOT OF 15TH JUNE. SO TILL SUCH TIME NIFTY DOES NOT BREACH 9560 DECISIVELY (ON FRIDAY 23RD JUNE NIFTY HAD MADE  A WEEKLY LOW OF 9565) TO CLOSE A DAILY CANDLE DEEP BELOW IT, ONE CAN NOT BE SURE WHETHER  A MILD CORRECTION HAS STARTED  OR THE FLAT IS CONTINUING. SO, ALL THOSE WHO HAVE INITIATED SHORTS ON FRIDAY CAN HOLD THE SHORTS BY HAVING A STRICT STOP LOSS ABOVE 9650 SPOT ON A DAILY CLOSING BASIS.

SINCE MONDAY IS A HOLIDAY FOR INDIAN MARKETS, ONE MUST BE REASONABLY SURE TO SEE US MARKETS BEING PULLED DOWN ON MONDAY NIGHT, WITH IT BE SURE TON SEE HIGHLY MANIPULATED SGX  NIFTY ALONG WITH ITS DAD, THE DOW FUTURES  BEING PULLED DOWN BEFORE THE START OF INDIAN MARKETS ON TUESDAY MORNING TO IMPART A NEGATIVE SENTIMENT. FOR INTRADAY TRADING OF NIFTY FUTURES ON TUESDAY 27TH JUNE, TILL SUCH TIME BOTH NIFTY SPOT & FUTURES DO NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE 9626, EVERY RISE TOWARDS IT CAN BE TRADED SHORT WITH STOP LOSS ABOVE 9626 ON A CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG(REMAINING INTRADAY LEVELS ARE FOR SUBSCRIBERS ONLY) 

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  EDNESDAYS 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 CANDL

BUY AND ACCUMULATE RELIANCE ON EVERY DECLINE.

(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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