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MARKETS  FOR 20 FEB  2019

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                     

 

 

 

MARKETS FOR  20TH FEB NIFTY MADE ANOTHER DAY OF LOWER HIGH, LOWER LOW AND LOWER CLOSINGS MAKING IT THE 8TH CONSECUTIVE DAY OF  RED CANDLES SUGGESTING ONE TO BE READY TO SHORT AGAIN ON A SIMILAR TUESDAY TYPE INTRADAY RISE IF AT ALL IT COMES ON WEDNESDAY. STOP LOSS CAN BE ABOVE 10733 SPOT. HOWEVER AS LONG AS NIFTY DOES NOT RISE TO CLOSE ABOVE 10850 SPOT LEVELS,  THE BEAR RUN WILL CONTINUE WITH MILD RISES TO BE FOLLOWED BY BIGGER FALLS AS HAD HAPPENED ON TUESDAY.

FOR INTRADAY TRADING OF NIFTY FUTURES, EXPECT NIFTY TO BE TAKEN UP ON WEDNESDAY SIMILAR TO TUESDAY. A FAILURE TO RISE AND STAY ABOVE 10750 FUTURES WILL SEE VOLLEY OF SHORTS TO TAKE NIFTY FUTURES BELOW 10600 TOWARDS LAST WEEK’S 30 MINUTE HEAD & SHOULDER TARGETS OF 10550 TO 10530 FUTURE LEVELS. A FALL OR PAUSE CAN BE USED TO TRADE LONG HOPING FOR A SIMILAR UP MOVE LIKE TUESDAY. BE SURE DOW ON TUESDAY NIGHT OR ITS FUTURES ON WEDNESDAY WILL BE LIFTED UP TO SEE A BULLISH INDIAN & ASIAN MARKETS ON WEDNESDAY  TO GENERATE A MUCH BETTER SHORTING OPPORTUNITY SIMILAR TO TUESDAY. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR  19TH FEB NIFTY CONTINUES WITH THE BEARISH MOVE AND ALMOST TESTED FRIDAY’S LOWS OF 10620 SPOT BY GOING NEAR 10628 SPOT. LOOK FOR RISE  TOWARDS 10686 SPOT & 10717 FUTURES TO SHORT AGAIN. BUT IT IS BETTER TO TRADE WITH MARCH SERIES FUTURES, WRITING OF MARCH HIGHER CALLS AND ADDING OF MARCH PUTS. A BREACH OF 10620 SPOT & 10640 FUTURES TO CLOSE A 30 MINUTE CANDLE BELOW  WILL SEE MUCH LOWER LEVELS . SO, PRAY FOR SOME RETRACEMENT RISE TO INITIATE FRESH SHORTS AGAIN.

MARKETS FOR  18TH FEB AS WAS FEARED, NIFTY HAD A WEEKLY CLOSING AT 10724 SPOT BELOW  10814 SPOT THAT WAS THE INVERTED WEEKLY HAMMER LOWS OF LAST WEEK & THIS HAS HAPPENED FOR THE FIRST TIME AFTER THE WEEKENDING 26TH OCTOBER 2018 LOWS OF 10004 SPOT FROM WHERE THE PRESENT RETRACEMENT RISE HAD STARTED.

ALSO FOR THE FIRST TIME NIFTY HAS CLOSED BELOW BOTH 8 & 13 WEEK MOVING AVERAGES WHICH IS   HAPPENING AFTER THE WEEKENDING  8TH FEB INVERTED HAMMER THAT  CAN SEE MUCH BIGGER FALLS FOR NIFTY DURING THE WEEKS AHEAD. AFTER 6 CONSECUTIVE DAYS OF FALLS A RETRACEMENT RISE OR EVEN PAUSE CAN BE USED TO  TAKE SHORT POSITIONS IN MARCH FUTURES AND BUY MARCH MONTH PUTS ALONG WITH HEAVY WRITING OF MARCH SERIES CALLS OF 11000 AND 11100 ON RETRACEMENT RISE OF NIFTY.

MOST OF THE SHORT TERM TRADERS WHO HAVE BOOKED PROFIT ON FRIDAY  AROUND NIFTY SPOT LEVELS OF 10650 TO 10625 SHOULD NOT BE IN A HURRY TO INITIATE FRESH SHORTS AND SHOULD WAIT FOR SOME RETRACEMENT RISE  INFLUENCED BY DECEPTIVE DOW & SGX NIFTY. IT IS INTERESTING TO NOTE THAT WHENEVER ENTIRE ASIA FALLS BADLY, THE SAME NIGHT DOW WILL BE LIFTED UP NICELY & THIS GENERALLY HAPPENS IN 8 OUT OF 10 CASES & SURELY HAS HAPPENED ON FRIDAY AFTER ENTIRE ASIA WAS BADLY DOWN. SO JUST IGNORE DOW , DOW FUTURES AND SGX NIFTY OR USE ITS DECEPTIVE MOVES TO TAKE REVERSE POSITIONS AFTER THE DOW OR SGX  INFLUENCED INITIAL MOVE. HENCE LOOK FOR SOME RISE ON MONDAY TO  INITIATE FRESH SHORTS  GRADUALLY WITH MUST STOP LOSS ABOVE 10933 SPOT ON A CLOSING BASIS. ONLY A BREACH AND CLOSE ABOVE 10933 SHOULD FORCE SHORTERS TO QUIT SHORTS AND INITIATE LONGS.

FOR INTRADAY TRADING OF FUTURES ON MONDAY, A RISE TO BREACH AND MORE IMPORTANTLY CLOSE TWO CONSECUTIVE 15 MINUTE CANDLE OR OR A 30 MINUTE CANDLE ABOVE FRIDAY’S HIGHS CAN BE USED TO TRADE INTRADAY LONG  BUT ONLY TO BOOK PROFIT BY DAY END & GO FRESH FOR TUESDAY. ON THE DOWN SIDE A BREACH OF 10711 FUTURES TO STAY BELOW IT IS A SIGN OF WEAKNESS TO TRADE SHORT AND MORE SHORTS BE ADDED ON PAUSE OR MINOR RISES  IN CASE NIFTY FUTURE BREACHES AND STAYS BELOW 10690. LAST WEEK’S & FRIDAY’S LOWS OF  10620 SPOT &10641 FUTURE HAS TO BE RETESTED AND BREACHED FOR MUCH LOWER LEVELS  AFTER A MILD RETRACEMENT RISE OR PAUSE DURING THE COMING WEEK.

MARKETS FOR  15TH FEB 5 CONSECUTIVE DAYS OF LOWER HIGHS, LOWER LOWS & LOWER CLOSINGS GENERATES A FALSE FEELING OF SOME RETRACEMENT RISE WHICH MUST BE USED TO ADD ON TO THE SHORT POSITIONS WITH MUST STOP LOSS ABOVE 10933 SPOT LEVELS  AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS. THE MOST BEARISH SIGNAL IS THAT ALL THESE 5 DAYS NIFTY HAS CLOSED BELOW THE LOWS OF ITS PREVIOUS DAYS  DEPICTING HEAVY OFF LOADING & SHORTING BY BIG PLAYERS. BIG PLAYERS ARE WAITING FOR SOME MARKET FRIENDLY ANNOUNCEMENTS OR A BULLISH DOW OR SGX INFLUENCE  OR SOME BULLISH ANALYSTS VIEWS ON TV TO MERCILESSLY SHORT ON EVERY MILD RISE.

IF ONE HAS A CLOSER LOOK AT THE 30 MINUTE CHART OF NIFTY, A CLEAR HEAD AND SHOULDER FORMATION CAN BE SEEN WITH HEAD HIGH AROUND 7TH FEB DOJI HIGH OF 11118 SPOT WITH LEFT SHOULDER LOWS AT 1ST FEB LOWS OF 10813 & RIGHT SHOULDER LOWS AT 10823 SPOT. THE NECK LINE AROUND 10823 HAVING BEEN DECISIVELY BREACHED WITH HEAVY VOLUME SHOULD SEE AT LEAST 300 POINT FALL FROM THE NECK LINE AROUND 10823 TILL 10530 TO 10550 SPOT LEVELS DURING THE COMING WEEK.

SO USE THE MILD RISE TO BE ORCHESTRATED ON WEEKENDING CONSIDERATIONS TO BOLDLY TRADE SHORT OR WAIT FOR MONDAY TO RESUME SHORTING IF NIFTY IS TAKEN UP BEFORE ANOTHER BIG FALL. JUST IGNORE DOW & SGX AS THESE WILL MISGUIDE , IN FACT USE THE DOW OR SGX INFLUENCED RISE TO ADD SHORTS TO RIDE THE BEAR MARKET. NIFTY CLOSING BELOW BOTH 50 & 200 DMA IS CERTAINLY A BEARISH SIGNAL THAT WILL FORCE THE LONE HIDING & SHIVERING 100 DMA  AROUND  10700 SPOT LEVELS TO FINALLY GIVE UP EITHER ON FRIDAY OR EARLY NEXT WEEK.  HEDGING CAN BE DONE BY WRITING SOME LOWER PUTS OF 10600 OR LOWER, ON FALL OF NIFTY. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  14TH FEB AFTER 5 DAYS OF LOWER LOWS AND LOWER CLOSINGS AND HAVING TESTED AND BREACHED 10800 SPOT NIFTY LEVELS, EXPECT A PAUSE OR A RETRACEMENT RISE BEFORE ANOTHER BIG FALL. SO, HOLD ALL THE SHORTS INITIATED FROM 10900 LEVELS, USE RISES TO BOLDLY ADD SHORTS COMPLETELY IGNORING WHAT HAPPENS TO DOW OR SGX NIFTY. HAVE STOP LOSS ABOVE 10933 SPOT & 10950 FUTURES AND KEEP ON ADDING SHORTS ON EVERY RISE OR PAUSE. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR  13TH FEB    MAKE FULL USE OF DOW INDUCED INITIAL RISE TO TRADE SHORT FOR GOOD GAINS .ADD SHORTS TOWARDS 10900 AND 10945 FUTURES FOR VERY GOOD INTRADAY GAINS. HAVE STOP LOSS ABOVE 10919 SPOT AND 10949 FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS. NIFTY LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS TOWARDS JANUARY MONTH LOWS OF 10583 SPOT OR LOWER LEVELS DURING REMAINING DAYS OF FEBRUARY.

MARKETS FOR  12TH FEB AFTER 3 DAYS OF FALLS, EXPECT NIFTY TO BE TAKEN UP FOR A DAY OR TWO BEFORE A  UCH BIGGER FALL. HOWEVER TILL NIFTY SPOT DOES NOT RISE TO BREACH AND CLOSE A 30 MINUTE CANDLE ABOVE FRIDAY 8TH FEB HIGH OF 11041 SPOT, EVERY RISE TOWARDS OR ABOVE 11000 SPOT WILL PROVIDE GOOD SHORTING OPPORTUNITY. SIMILARLY AS LONG AS NIFTY SPOT DOES NOT FALL TO BREACH AND CLOSE BELOW 10818 SPOT, EVERY FALL TOWARDS IT IS A BUYING OPPORTUNITY TO WITH STOP LOSS A FEW POINTS BELOW 10800 SPOT.

FOR INTRADAY TRADING OF NIFTY FUTURES, A FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10866 FUTURES IS A SIGN OF FURTHER FALLS.OBN ANY SESSION, A FALL TO BREACH AND CLOSE A CANDLE BELOW 10830 FUTURES IS A SIGN OF BIGGER FALLS. A RISE TO BREACH AND CLOSE A 30 MINUTE CANDLE ABOVE 10969 CAN SEE FURTHER RISE.

UPDATING WILL RESUME FROM 12TH FEB

MARKETS FOR 31ST JANUARY NIFTY ALTHOUGH HAD A MINOR HIGHER HIGH AND HIGHER LOW, IT CLOSED MISERABLY IN THE NEGATIVE. BE ABSOLUTELY SURE NIFTY WILL NOT BE ALLOWED TO MOVE UP ABOVE 10750 SPOT EVEN IF DOW RISES BY 500 OR 1000 POINTS ON WEDNESDAY NIGHT. SO, USE RISES IN NIFTY TOWARDS OR ABOVE 10700  TO BRUTALLY TRADE SHORT IN FEBRUARY FUTURES WITH MUST STOP LOSS ABOVE 10750 SPOT.

MARKETS FOR 30THJANUARY NIFTY FUTURES WENT TO TEST 10600 LEVELS AND SPOT WENT DOWN TILL 10583 LEVELS  THAT GAVE HANDSOME GAINS TO THE SHORT POSITION HOLDERS. BETTER TO WAIT FOR SOME RISE AS NIFTY SURELY  WILL  BE TAKEN UP ON 30TH AND 31ST TO RETRACE A PORTION OF FALLS  FROM FRIDAY 25TH  JAN HIGHS OF 10931 TILL TUESDAY 29TH JAN LOWS OF 10583 BEFORE THE BEAR MARKET RESUMES .

ALL THOSE WHO ARE HOLDING SHORTS SHOULD HAVE STOP LOSS ABOVE 10844 SPOT & FUTURES  BUT ON A CLOSING BASIS. THE GREEN HAMMER FORMATION IN THE DAILY CHART’S OF 29TH JAN WHICH WAS ORCHESTRATED TO BE FORMED DURING THE FINAL 30 MINUTES ONLY, MAY SEE SOME FOLLOW UP RISE TO ATTRACT BUYERS INTO THE TRAP FOR A MUCH BIGGER FALL FROM EARLY NEXT WEEK . ALL THOSE WHO WENT LONG MUST SELL HIGHER CALLS AS HEDGE OR BOOK PROFIT ON INITIAL RISE & HAVE STOP LOSS BELOW 10580 SPOT AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS.

 BEING VERY NEAR THE EXPIRY DAY, IT IS WISER TO TRADE VERY LESS AND TRADE WITH OPTIONS AND FUTURES OF FEBRUARY SERIES. RISES CAN BE USED BY OPTION WRITERS TO SELL 11000 AND 11100 FEBRUARY CALLS & HAVE SUFFICIENT CAPITAL TO TRADE SHORT IN NIFTY FEB FUTURES & BUY FEB PUTS  AFTER THE EXPIRY IS OVER ON 31ST.  30 & 31ST MAY SEE HIGH VOLATILITY THAT WILL BE BETTER FOR OPTION BUYERS OF JAN SERIES TO TRADE SIMULTANEOUSLY BY HAVING BOTH 10700 CALLS AND 10700 PUTS. BEST IS DO NOT TRADE FOR 30TH & 31ST OR TRADE WITH OPTIONS OF FEB SERIES. HAVE SUFFICIENT CAPITAL TO TRADE FROM NEXT WEEK TO RIDE THE BEAR MARKET AFTER THE RETRACEMENT RISE IS OVER.

MARKETS FOR 29TH   JANUARY NIFTY LOOKS EXTREMELY WEAK FOR MUCH LOWER LEVELS THAT MAY TEST 26TH DECEMBER LOWS OF 10534 SPOT INITIALLY FOLLOWED BY  11TH DECEMBER LOWS OF 10333 SPOT. SO, ONLY ACTION TO BE THOUGHT OF AND ACTED UPON IS SHORT & ONLY SHORT. OTHER THAN THE STOP LOSS LEVEL ABOVE 10844 SPOT AROUND THE 200 DMA, FORGET ALL OTHER HIGHER OR LOWER LEVELS AND TRADE SHORT ONLY. OPTION WRITERS CAN TRIPLE SHORT 10800 AND 10850 CALLS THAT TOO OF THIS SERIES ONLY TO POCKET THE ENTIRE PREMIUM ON THESE CALLS. STOP LOSS MUST ABOVE 10844 SPOT ON A CLOSING BASIS.

THE BEARISH ENGULFING FORMED ON FRIDAY WILL BE MORE VIGOROUS AROUND THE EXPIRY TIME THAT WILL SEE NIFTY CLOSING AT MUCH LOWER LEVELS IF  SPOT NIFTY FAILS TO RISE AND CLOSE ABOVE THE 200 DMA AROUND 10844 LEVELS. NIFTY FUTURE SHORTERS CARRYING HEFTY SHORTS FROM FRIDAY SHOULD CONTINUE TO HOLD SHORTS AND USE DECLINE TO WRITE 10500 PUTS AS HEDGE BUT NEVER LEAVE THE SHORTS AS LONG AS NIFTY DOES NOT CLOSE ABOVE 200 DMA AROUND 10844 SPOT.

IN CASE NIFTY IS TAKEN UP AGAINST THE HIGHLY BEARISH TECHNICALS AND FORCED TO BREACH AND CLOSE ABOVE THE 200 DMA AROUND 10844 SPOT, THEN AFTER THE STOP LOSS IS TRIGGERED, BOLDLY SHORT FEBRUARY SERIES FUTURES AND HIGHER FEB CALLS OF 11000 AND 111000 THAT HAS GIVEN HANDSOME GAINS TO OPTION WRITERS IN THIS JAN SERIES. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 28TH   JANUARY NIFTY MADE A HIGHER WEEKLY HIGH, HIGHER WEEKLY LOW BUT A LOWER WEEKLY CLOSING. THE WEEKLY LOW WAS RIGHT AT THE 50 WEEKLY MA AND THE WEEKLY CLOSE WAS VERY NEAR IT, SUGGESTING THAT THERE WILL BE A DECEPTIVE BOUNCE JUST TO HONOR THE 50 WMA . BUT FEBRUARY WILL SEE  A DECISIVE BREACH OF THE 50 WMA NEAR  10760 TO BE FOLLOWED BY TEST OF THE SHIVERING 20 WMA TRYING TO HIDE AROUND 10700 TO 10680 SPOT LEVELS.

SHORT TERM TRADERS MAKE FULL USE OF THE LIKELY DECEPTIVE BOUNCE TO TRADE SHORT AND WRITE HIGHER CALLS BUT MOST IMPORTANT POINT TO BE KEPT IN MIND IS THAT  DO NOT LOOK AT HIGHER CALLS OF JANUARY SERIES BUT SHORT HIGHER CALLS & LOWER PUTS OF FEBRUARY SERIES. BEARISH CROSS OVER OF 50 WMA BY THE 20 WMA IS NOT A HEALTHY SIGN FOR  ALL LONG &  MEDIUM TERM BULLS

THE DAILY CHARTS LOOK WEAK WITH BEARISH ENGULFING FORMED ON FRIDAY WHICH WILL DO ITS BEST ON MONDAY TO NULLIFY IT THAT MAY TAKE NIFTY A BIT HIGHER THANKS TO OVERNIGHT DOW AND LIKELY BULLISHNESS TO BE DEPICTED BY SGX NIFTY &  THE DOW FUTURES. NIFTY ON FRIDAY CLOSED  AROUND THE JUNCTION POINT OF 50 & 100 DMA AROUND 10780 THAT SHOULD REPEL NIFTY TOWARDS THE 200 DMA AROUND 10840 TO 10850 LEVELS TO BE SHUNTED DOWN AGAIN AFTER TRIGGERING STOP LOSSES OF WEAKER BEARS.

HOWEVER TILL SUCH TIME NIFTY DOES NOT FALL TO BREACH AND CLOSE BELOW THE CRITICAL 50 & 100 DMA LEVELS AROUND 10750, EVERY FALL  ON A DAY WILL SEE A RISE THE VERY NEXT DAY AS YOU ALL ARE GOING TO SEE ON MONDAY. ALTHOUGH DEFINITELY NIFTY LOOKS BEARISH, YET IT WILL BE MADE TO MOVE IN THE OTHER DIRECTION TO ALLURE BUYING  BY NOVICE TRADERS AND BRING IN MORE AND MORE SEASONED ANALYSTS TO SAY BUY & ONLY BUY,  ON TV CHANNELS BUT ONLY TO SEE STOP LOSS  GETTING TRIGGERED AGAIN AND AGAIN. NOBODY HAS THE GUTS TO BOLDLY ADMIT  ON TV THAT WE ARE IN A BEAR MARKET.

CONFUSING NIFTY MOVEMENTS ALSO WILL INDUCE SOME SEASONED ANALYSTS TO ALTER THEIR BOTH MICRO & MACRO VIEWS AT LEAST 4 TO 5 TIMES EVERYDAY THAT TOO  AFTER EVERY HOUR  AS PER THEIR SENSES TO CONFUSE  ALL THOSE WHO WASTE TIME TO WATCH TV DURING TRADING HOURS.. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 25TH   JANUARY HOLDING LONGS WITH STOP LOSS BELOW 10800 ON A CLOSING BASIS IS GOING TO GIVE HANDSOME PROFITS ON FRIDAY AT LEAST AT THE START. WITH THE WEEKEND AHEAD AND NOTHING IS CERTAIN ABOUT THE COMING WEEK HAVING THE EXPIRY ON 31ST, USE THE INITIAL RISE TO BOOK PROFIT ON ALL LONG FUTURES AND SHORTED CALLS.

FORGET  WHERE DOW OR ITS FUTURES GO OR WHEREVER SGX IS TAKEN ON FRIDAY MORNING, JUST USE THE INITIAL RISE TO BOOK PROFIT AT LEAST ON HALF  OF LONG FUTURES AND SHORTED HIGHER CALLS OF 11000 AND 11100. HOWEVER MORE PUTS OF 10700  BE WRITTEN AND ADDED TO THE EXISTING SHORTED PUTS TO REAP HANDSOME PROFITS AS NIFTY WILL NOT EVEN  BREACH 10800 AGAIN. BE READY TO START FRESH ON FUTURES FROM MONDAY AGAIN. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 24TH   JANUARY NIFTY WAS KEPT UP TILL AROUND 2 PM AND WAS PULLED DOWN DURING THE LAST HOUR FOR A CRASH TYPE SITUATION TO MAKE A LOW OF 10811  SPOT & 10835 FUTURES AND CLOSED NEAR 10831 SPOT & 10855 FUTURES. THE FALL OFFERED GREAT OPPORTUNITY FOR SHORT TERM TRADERS TO BUY HEAVILY NEAR 10850 FUTURES AS STOP LOSS OF 10820 FUTURES AND 10800 SPOT  BOTH ON A CLOSING BASIS STILL HOLDS. ANY FALL TOWARDS 10800 CAN BE BOLDLY BOUGHT AND ONLY IF NIFTY SPOT AND FUTURES CLOSE BELOW 10800 THEN QUIT THE LONG FUTURES. SHORTED CALLS OF 11000 AND 11000 BE HELD ALONG WITH GOLD DUST SHORTED PUTS OF 10700 AS NIFTY MOST LIKELY WILL NOT BE ALLOWED TO GO BELOW 10700 TILL EXPIRY.

TECHNICALLY, NIFTY CERTAINLY LOOKS WEEK AND ONCE IT BREACHES AND MORE IMPORTANTLY CLOSE BELOW 10800 SPOT ONLY THEN REAL WEAKNESS WILL BE FELT .TILL THEN NIFTY WILL LOOK HEAVENWARDS TO TAKE DIRECTIONS FROM DOW AND ITS FUTURES. SO, HOLD AND ADD LONGS BUT HEDGE WELL WITH SHORTED CALLS OF 11000 AND 11100 ALONG WITH SHORTED PUTS OF 10700 TO POCKET THE ENTIRE PREMIUM ON THESE OPTIONS. IN CASE NIFTY CLOSES BELOW 10800 SPOT, THEN TO PROTECT THE SHORTED PUTS OF 10700, ONE CAN BUY SOME 10900 PUTS.

THE HEAD & SOLDER FORMED ON CHARTS OF LOWER TIME FRAMES AND THE BREACH OF NECKLINE AROUND 10864 SPOT & 10880 FUTURES (ALTHOUGH LOOKS FAKE) SHOULD SEE NIFTY FALLING BY ANOTHER 125 TO 150 POINTS FROM THE NECK LINE  BUT AFTER A WELL ORCHESTRATED RETRACEMENT RISE TOWARDS THE NECK LINE & BREACHING IT . SO PROFIT BE TAKEN ON CARRIED LONGS  AS NIFTY FUTURE APPROACHES 10880 TO 10900 AND FRESH SHORTS BE INITIATED ONCE THE NECK LINE IS RE BREACHED DOWN WARDS AND CLOSES A 30 MINUTE CANDLE BELOW THE NECKLINE, OR THE LONGS CAN BE HELD ALONG WITH ALL THE SHORTED CALLS AND PUTS TILL SUCH TIME NIFTY DOES NOT FALL TO BREACH AND CLOSE BELOW 10800.

 (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 23RD  JANUARY NIFTY CLOSED NEGATIVE IN TUNE WITH ASIAN MARKETS INDUCED BY HIGHLY NEGATIVE DOW FUTURES DURING ASIAN TRADING HOURS. AFTER EUROPEAN MARKETS CLOSE IN RED, ACTUAL DOW WILL BE LIFTED UP TO CLOSE MUCH BETTER THAN PRESENT LEVEL OF 180 NEGATIVE THAT WILL TRAP ASIAN SHORTERS ON WEDNESDAY MORNING. SO, ALL THOSE WHO CARRIED SHORTS WITHOUT PROPER HEDGING MAY GO INTO LOSS AS DOW FUTURES WILL BE MADE TO LOOK HIGHLY POSITIVE IN THE MORNING THAT WILL PROMPT SGX  TO BE BULLISH IN THE MORNING TO LIFT INDIAN MARKETS AT START. ALTHOUGH NIFTY AND BNF HAVE SHOWN EARLY SIGNS OF EXHAUSTION FOR LOWER LEVELS, THESE EXTERNAL INFLUENCE OF DOW OR SGX WILL NOT ALLOW NIFTY TO FALL BELOW 10800 BEFORE THIS EXPIRY.

REMEMBER AS LONG AS NIFTY DOES NOT CLOSE BELOW 10800 SPOT AND 10820 FUTURES IT WILL CONTINUE TO REMAIN ON THE RETRACEMENT RISE MODE AND ONLY A DECISIVE CLOSE BELOW 10800 SPOT AND 10820 FUTURES MAY START THE RESUMPTION OF THE DOWN SWING THAT CAN ONLY COME IN FEBRUARY. SO LOOK FOR RISE  TO TRADE SHORT WITH STOP LOSS ABOVE 11000 SPOT AND FUTURES ON A CLOSING BASIS. SIMILARLY LOOK FOR DECLINES TO TRADE LONG WITH A WIDER STOP LOSS BELOW 10800 SPOT & 10820 FUTURES.

SINCE NIFTY CAN NOT FALL BELOW 10700 , OPTION WRITERS CAN USE DECLINES  IN NIFTY TO BOLDLY SHORT 10700 PUTS TO POCKET THE ENTIRE PREMIUM ON THESE PUTS , SIMILARLY RISES CAN BE USED TO WRITE 11000 AND 11100 CALLS. OPTION BUYERS ARE GENERALLY LOSERS AND SHOULD ONLY TRADE IN LIMITED QUANTITY  BY USING INTRADAY RISE TO BUY 11000 OR 10900 PUTS AND USE INTRADAY FALLS LIKE TUESDAY TO BUY 11000 OR 10900 CALLS. NEVER CARRY BOUGHT OUT OF THE MONEY OPTIONS AS MOST OF THESE BOUGHT PUTS & CALLS GENERALLY BRING LOSSES TILL THE LAST WEEK. ONLY DURING THE LAST WEEK BEFORE EXPIRY DATE THE OPTIONS SHOW GOOD MOVE AND IF RIGHTLY SELECTED THEN  THESE  BOUGHT OPTIONS GIVE GOOD PROFIT ON THE EXPIRY DAY.

(INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 22ND JANUARY NIFTY CONTINUED TO RISE AND MADE HIGHER HIGHS, HIGHER LOW AND HIGHER CLOSING. LIKE MONDAY, TRADE SIMILARLY ON TUESDAY TOO. LOOK FOR RISE ABOVE 10985 SPOT TO BOLDLY TRADE SHORT AND APPROACH TOWARDS 10900 OR 10885 SPOT TO BOLDLY TRADE LONG. STOP LOSS SHOULD BE ABOVE 11020 TO 11030 SPOT ZONE ON A CLOSING BASIS AND STOP LOSS FOR SHORTS SHOULD BE BELOW 10850 SPOT ON A CLOSING BASIS.

JUST DON’T BOTHER WHETHER THE RISE IS WITH LOW VOLUME & LEAD BY A FEW INDEX HEAVIES. THE AIM IS TO MAKE MONEY DAILY ON A INTRADAY BASIS. SWING LONG HOLDERS MUST HAVE STOP LOSS BELOW 10850 SPOT. LONG HOLDERS CAN HEDGE BY BUYING PUTS OF 10800 ON RISE OF NIFTY AND OPTION WRITERS CAN HOLD LONG FUTURES AND WRITE HIGHER CALLS OF 11000 AND 11100 ON RISE OF NIFTY.

HEDGE WELL FOR ALL THE LONG POSITIONS AND TAKE IT THAT  TRUMP WILL SURRENDER TO CHINESE TRADE NEGOTIATIONS AS HE BOWED DOWN ON IRAN OIL EMBARGO AND ALLOWED COUNTRIES TO IMPORT OIL FROM IRAN. SIMILARLY THE GOVT SHUT DOWN DRAMA WILL BE OVER THIS WEEK WITH TRUMP AGAIN TACTFULLY ACCEPTING THE DEMOCRAT’S PROPOSAL. JUST WAIT AND SEE. ENJOY THE DRAMA PLAYED BY TRUMP, REMAIN LONG BUT HEDGE THE POSITIONS AS ANY TIME TRIGGER CAN BE PULLED TO INITIATE THE CRASH. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 21STJANUARY CLOSED THE WEEK ON A BULLISH NOTE AROUND 10907 SPOT AND 10930 FUTURES STILL GIVING NO CLUE AS TO WHICH WAY IT WILL MOVE. A GAP UP OPEN IS MET WITH SOLID SHORTING ACTION AND A SLIDE TOWARDS SUB 10900 TOWARDS 1050 SPOT IS SEEING HEAVY BUYING ACTION. MOST LIKELY NIFTY WILL REMAIN WITHIN THE RANGE OF 10950 AND 10850 SPOT TILL THE INTERIM BUDGET IS OUT ON 1ST FEB SUGGESTING TRADERS TO TRADE SHORT ON DOW OR SGX INDUCED GAP UP OPEN OR RISE TOWARDS 10950 TO 10985 SPOT WITH MUST STOP LOSS ABOVE 11000 SPOT TO REVERSE AND GO LONG HEAVILY.

IF ONE HAS A CLOSER LOOK AT THE VOLUME CHARTS OF NIFTY FUTURES, ONE WILL BE SURPRISED TO NOTE THAT NIFTY IS MAKING HIGHER HIGHS AND HIGHER LOWS WITH LOWER VOLUMES SUGGESTING THAT THE RISE IN NIFTY IS JUST DUE TO ONLY A FEW INDEX HEAVY STOCKS LIKE RIL WHICH MAY NOT SUSTAIN AND NIFTY MAY GIVE UP ONCE THE CORRECTION IN INDEX HEAVY STOCKS LIKE RIL, HDFC BANK ETC STAT TO TAKE EFFECT. HOWEVER A DECISIVE BREACH AND CLOSE ABOVE 10985 SPOT IS A SURE SIGNAL TO QUADRUPLE ONES LONG POSITION. TILL THIS HAPPENS USE INTRADAY GAP UP TOWARDS 10950  SPOT TO TRADE SHORT  WITH STOP LOSS ABOVE 11000 SPOT. EVEN A RISE TO BREACH 10930 TO 10950 SPOT IS GOOD ENOUGH TO START INITIATING LONGS. STOP LOSS FOR ALL LONGS IS A MUST BELOW 10850 SPOT.

 

MARKETS FOR 18TH JANUARY   LOOK FOR AN OPPORTUNITY TO BOOK PROFIT ON AT LEAST HALF OF LONG POSITIONS IN NIFTY FUTURES AS NIFTY IS HANGING AROUND THE VULNERABLE ZONE . A SLIGHT AMOUNT OF ADVERSE NEWS CAN SEE A SHARP DECLINE. THERE IS NOTHING GREAT ABOUT THE RESULTS OF RIL & HUL. ANYTHING CAN HAPPEN DURING THE WEEK END SO A RISE IN NIFTY INDUCED BY POSITIVE SGX NIFTY CAN BE USED TO BOOK PROFIT TO START FRESH NEXT WEEK.

MARKETS FOR 17TH JANUARY NIFTY IS BULLISH, HOLD LONGS INITIATED FROM TUESDAY , ADD LONGS ON DECLINE. STOP LOSS MUST BELOW 10833 FUTURES AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS. A FALL TOWARDS 10880 FUTURES  IF AT ALL COMES THEN GO DOUBLE LONG. ONLY PRECAUTION TO BE TAKEN IS HAVE STOP LOSS AND GO LONG AS MARKETS ARE ENTERING VULNERABLE ZONE .WORTH TAKING A RISK IN ADDING LONGS IN NIFTY FUTURES AND BNF BUT ON DECLINES .

MARKETS FOR 16TH JANUARY NIFTY AFTER THE BIG GAP UP OPEN, CONTINUED TO MOVE UP AND UP AND TRIGGERED ALL STOP LOSSES OF SHORT  SWING TRADERS ABOVE 10818 SPOT AND 10850 FUTURES . FURTHER BULLISH MOMENTUM ENCOURAGED TRADERS TO INITIATE FRESH LONGS  HOPING FOR FOLLOW UP ACTION DURING THE WEEK  TO BREACH THE CRITICAL  10985 SPOT & 11011 FUTURES FOR FURTHER UP MOVE. OPTION WRITERS SHORTED HIGHER CALLS OF 11100 AND 11000 AS HEDGE.

THE CANDLE  OF TUESDAY WAS A HIGHLY BULLISH CANDLE THAT BREACHED AND CLOSED ABOVE THE HIGHS OF ITS PREVIOUS 4 DAYS CANDLES. HENCE FORTH SHORT TERM SWING TRADERS MUST USE DECLINES TO BUY FUTURES WITH MUST STOP LOSS BELOW  10800 SPOT AND 10828 FUTURES AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS. HOWEVER INTRADAY TRADERS MUST TRADE BOTH WAYS BASED ON INTRADAY SWINGS OF NIFTY & BNF (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 15TH JANUARY NIFTY  MADE A LOWER LOW, LOWER HIGH AND LOWER CLOSING ON MONDAY DUE TO HIGHLY MANIPULATED, EXTREMELY LOW VOLUME DOW FUTURES BEING KEPT 200 POINTS NEGATIVE DURING ASIAN TRADING HOURS. NOW AFTER THE CLOSURE OF EUROPEAN MARKETS, DOW WILL BE TAKEN UP TO CLOSE FLAT OR MILD JUST OPPOSITE TO WHAT THE FUTURES WERE INDICATING DURING ASIAN TRADING HOURS. SO, EXPECT A SGX INFECTED INITIAL RISE  IN NIFTY THAT SHOULD BE USED TO TRADE SHORT AGAIN ON TUESDAY WITH STOP LOSS ABOVE  10818 SPOT & 10850 FUTURES ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS.IN CASE RISE DOES NOT COME INITIALLY, USE ANY INTRADAY RISE TO TRADE SHORT. (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 11TH JANUARY NIFTY LOOKS EXHAUSTED AND USE RISE TO TRADE SHORT IN A VERY LIMITED QUANTITY. LOOK FOR RISE TO TRADE SHORT AND HOLD LIMITED QUANTITY TO ADD MORE SHORTS NEXT WEEK. TO HEDGE  WRITE SOME LOWER PUTS OR BUY A FEW CALLS OF 11000 . OPTION WRITERS  HOLD ON TO WRITTEN HIGHER CALLS OF 11100 AND 11000 & ADD MORE SHORTS ON RISE.

HIGHLY MANIPULATED SGX WILL BE KEPT UP WITH VERY LOW VOLUME , SO USE THE SGX INFLICTED OR DOW FUTURES INDUCED RISE TO TRADE SHORT. STOP LOSS FOR ALL SHORTS CAN BE ABOVE 11000 SPOT ON A CLOSING BASIS. OPTION BUYERS CAN  USE INTRADAY RISES TOWARDS OR MOVE  ABOVE WEDNESDAY’S HIGHS OF 10904 FUTURES TO INITIATE BUYING OF LOWER PUTS 10800,10700,10600 AND HOLD TO ADD MORE NEXT WEEK. MORE IMPORTANT IS DO NOT HESITATE TO HEDGE YOUR SHORTS (INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 10TH JANUARY NIFTY HAD 4 CONSECUTIVE DAYS OF RISE AND THERE IS EVERY POSSIBILITY OF RESUMING THE SLIDE PERHAPS AFTER THURSDAY’S RISE. TRADERS HOLDING LONGS FROM FRIDAY ARE HAVING HANDSOME PROFITS AND SHOULD NOT LET IT GO AWAY. HENCE SHOULD USE THURSDAY’S DOW INDUCED RISE TO BOOK PROFIT ON ALL LONG FUTURES AND GO BLANK FOR FRIDAY.

LIKE WEDNESDAY, THURSDAY SHOULD SEE SIMILAR MOVE IN NIFTY FOLLOWING THE FOOT STEPS OF DOW. REMEMBER, HIGH CRUDE PRICES, USD RISING AGAINST INR, MONSTER FARM LOAN WAVER BY  STATE GOVERNMENTS LIKELY TO BE FOLLOWED BY CENTER, COMING ELECTION RESULT UNCERTAINTIES,  ALL POLITICALLY MOTIVATED FINANCIAL BENEFITS WILL SHATTER INDIAN ECONOMY . SO ONCE DOW STARTS TO FALL INDIAN MARKETS WILL FALL MUCH FASTER. BETTER TO USE DOW’S RISE TO BOOK PROFIT ON ALL HELD LONGS TO POCKET THE PROFIT FIRST TO START FRESH FROM FRIDAY.

LONG FUTURE HOLDERS CAN EVEN BOOK PROFIT RIGHT AT THE START ON THE GAP OPEN IF HAPPENS ABOVE 10900 FUTURES LIKE WEDNESDAY AND CAN BUY BACK NEARER TO OR BELOW  10800  WITH STOP LOSS MUST BELOW 10730 SPOT AND 10750 FUTURES. BEST IS POCKET THE PROFIT FIRST, THEN ONLY THINK WHAT TO DO(INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 9TH JANUARY  NIFTY MADE A HIGHER CLOSING EVEN AFTER A LOWER HIGH AND LOWER LOW SUGGESTING THAT THE SHORT TERM RETRACEMENT RISE IS STILL ON AND WILL CONTINUE TO GO UP FOR TWO MORE DAYS FOLLOWING DOW’S FOOT STEPS. REMAIN LONG AND ADD LONG FUTURES ON DECLINES. STOP LOSS FOR ALL LONG POSITIONS CARRIED FROM FRIDAY BE SHIFTED UP TO JUST BELOW  TUESDAY’S LOWS AROUND 10730 SPOT & 10750 FUTURES.

DOW  WILL BE TAKEN UP ON TUESDAY IRRESPECTIVE OF THE OUTCOME OF CHINA TRADE TALKS & ITS DECEPTIVE FUTURES ALSO WILL BE KEPT UP ON WEDNESDAY MORNING. SAFE TRADERS CAN TAKE FULL ADVANTAGE OF OPENING GAP OR INTRADAY RISE UP IN NIFTY TO BOOK PROFIT ON AT LEAST HALF OF NIFTY FUTURE LONGS HELD FROM FRIDAY. OPTION WRITERS MAY CONTINUE TO HOLD THE LONGS AND USE GAP UP OR INTRADAY RISE TO WRITE SOME MORE 11100 & 11000 CALLS. SIMILARLY OPTION BUYERS CAN USE THE GAP UP OR INTRADAY RISE TO BUY LOWER PUTS .( INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 8TH JANUARY NIFTY AS EXPECTED OPENED WITH A BIG GAP, WENT UP TILL 10895 FUTURES  AND LATER FELL TO CLOSE AROUND 10800 FUTURES. DOW WILL AGAIN RISE AFTER CLOSURE OF EUROPEAN MARKETS IN RED & IF DOW IS WEAK OR FLAT THEN ITS FUTURES WILL BE MANIPULATED TO LOOK UP DURING ASIAN TRADING HOURS THAT WILL KEEP SGX NIFTY UP ALSO DURING INDIAN TRADING HOURS. SO HOLD CARRIED LONG FUTURES AND ADD ON DECLINES. NEVER QUIT THE HEDGING OPTIONS BOUGHT PUTS AND WRITTEN HIGHER CALLS. STOP LOSS FOR ALL LONGS SHOULD BE FRIDAY’S LOWS OF 10628 SPOT & 10678 FUTURES BUT ON A CLOSING BASIS & NOT INTRADAY BREACH.

FOR INTRADAY TRADERS THE BALL GAME IS ENTIRELY DIFFERENT. WAIT FOR GAP UP LIKE MONDAY OR ANOTHER MONDAY TYPE RISE AFTER  FOLLOWING THE INITIAL FALL TO TRADE SHORT AND A FALL TO  TRADE LONG. IN ANY CASE A RISE TO BREACH AND STAY ABOVE 10900 IS STOP LOSS FOR ALL INTRADAY SHORTS AND A FALL TO STAY BELOW 10750 TO 10740 FUTURE ZONE IS STOP LOSS FOR ALL INTRADAY LONGS. FOR SMALL CAPITAL TRADERS WHO CAN NOT PLAY THE NIFTY VOLATILITY  SHOULD BUY 11000 CALLS ON FALLS OR USE RISES TO BUY 10800 PUTS FOR INTRADAY TRADING. (OTHER  INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 7TH JANUARY NIFTY HAD A NEGATIVE WEEKLY CLOSING WITH A HIGHER WEEKLY HIGH AND HIGHER WEEKLY LOW. NIFTY CLOSED THE WEEK AT  10727  SLIGHTLY BELOW THE 50 WEEK MA AROUND  10760 AND ALSO BELOW THE 200 DMA AROUND 10785 SPOT. HOWEVER THE LOW MADE ON FRIDAY 10628 SPOT &  10678 FUTURES FORCED MANY SHORT FUTURES HOLDERS TO BOOK PROFIT AND TRADE LONG SEEING THE BULLISHNESS OF DOW FUTURES. HOWEVER HAVING SEEN DOW CLOSING 750 POINTS UP ON FRIDAY NIGHT,  SHOULD SEE THESE LONG POSITION HOLDERS BEING SUITABLY REWARDED ON MONDAY MORING THAT MAY SEE A BIG GAP UP OPENING IN BOTH NIFTY AND BANK NIFTY.

 BETTER TO HOLD ON TO THE LONGS INITIATED ON FRIDAY ALONG WITH HEDGING DONE BY EARLIER SHORTED HIGHER CALLS OF 10900,11000 AND 11100 ALONG WITH EARLIER BOUGHT PUTS, AS US MARKETS WILL BE KEPT UP FOR NEXT FEW DAYS. ALTHOUGH THERE WAS NO REASON FOR INDIAN MARKETS TO GO UP ON FRIDAY IN SPITE OF DOW’S BIG  FALL ON THURSDAY NIGHT. SO IF NIFTY ROSE NICELY AFTER A BIG FALL IN DOW THEN A BIG RISE IN DOW SHOULD SEE A FOLLOW UP RISE IN NIFTY UNLESS THERE ARE DISASTROUS NEWS ON THE DOMESTIC FROM.

SO HOLD LONGS, USE PAUSE OR DECLINES TO ADD LONGS & ALONG WITH LONG FUTURES HOLD THE HEDGING PUTS & SHORTED HIGHER CALLS AS NIFTY WILL RESUME ITS SLIDE AFTER  2/3 DAYS OF RISE. BE SURE ON EVERY BIG FALL OF DOW SOME MARKET LIFTING NEWS WILL BE FLOATED  IN US TO SEE A BIG RISE. MEXICO WALL, GOVT CLOSURE, CHINA TRADE TALKS ARE ALL FRAUD AND FARCE  TO PULL THE MARKETS DOWN AFTER A FEW DAYS OF RISE IN DOW OR PULL IT UP  AFTER A FEW DAYS OF BIG FALLS. SO IT IS  BETTER TO TRADE IN LINE WITH THE MANIPULATORS’ ACTIONS & HEDGE THE LONGS AND REMAIN LONG TILL SUCH TIME NIFTY DOES NOT FALL TO CLOSE BELOW ITS PREVIOUS DAY’S LOWS WHICH IS 10628 SPOT AND 10678 FUTURES. .( INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS BOTH LONG AND SHORT BASED ON INTRADAY TIME FRAME INDICATORS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 4TH JANUARY NIFTY FINALLY CLOSED BELOW THE EXPIRY DAY LOWS OF 10764 SPOT & 10800 FUTURES THAT CAN SEE ANOTHER FEW DAYS OF BIG FALLS WITH MILD & DECEPTIVE RISES OR PAUSES IN BETWEEN SUGGESTING TRADERS NOT ONLY TO HOLD ON TO THE BOUGHT PUTS AND WRITTEN HIGHER CALLS BUT ALSO BOLDLY ADD PUTS AND WRITE CALLS.

LAST WEEKENDING 29TH DECEMBER HAD A HIGH OF 10893, LOW OF 10534 & HAD THE WEEKLY CLOSING AT 10860 SPOT LEVELS. CLEAR TRIPLE HEAD FORMATION IN NIFTY IN DAILY CHARTS WITH MULTIPLE HIGHS AROUND 10985 TO 10950 WITH CLOSING NECK LINE AROUND 10485 SPOT CAN EASILY SEE THIS NECK LINE BEING BREACHED ON A CLOSING BASIS FOR ANOTHER 450 TO 475 POINT FALL IN QUICK TIME TO SEE 2018 LOWS OF 9952 TO 10004 BEING THREATENED IN JANUARY IT SELF.

HOLD WRITTEN CALLS OF 11100, 11000 AND USE MILD RISE OR PAUSE TO WRITE 10900 CALLS ALSO. OPTION BUYERS LOOK FOR MILD RETRACEMENT RISE  OR EVEN PAUSE TO ADD 10800,10700 10600 PUTS FOR VERY GOOD GAINS IN JANUARY. WE ARE ALREADY IN A BEAR MARKET AND THERE IS NO FURTHER CONFIRMATION REQUIRED FOR IT . AT 9.15  PM IST, DOW WHICH IS 675 OR MORE POINTS DOWN WILL SURELY RECOVER SUBSTANTIALLY AFTER CLOSURE OF EUROPEAN MARKET IN DEEP RED.

FOR INDIAN MARKETS THE EXCESS RISE FROM 11TH DECEMBER WILL ENTIRELY BE WIPED OFF IN JANUARY AND DON’T BE SURPRISED TO SEE 11TH DECEMBER LOWS OF 10333 SPOT & 10398 FUTURES BEING EASILY TAKEN OUT IN QUICK TIME FOR MUCH LOWER LEVELS DURING THE COMING WEEK OR THE WEEK NEXT ENDING 18TH JANUARY.( INTRADAY TRADING LEVELS TO TRADE NIFTY FUTURES AND OPTIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 3RDJANUARY NIFTY AFTER  2 / 3 DAYS OF EXTREMELY LOW VOLUME TRADES FELL BELOW THE CRITICAL EXPIRY DAY LEVEL OF 10764 SPOT & 10800 FUTURES DUE TO HIGHLY MANIPULATED DOW FUTURES WHICH WAS MADE TO LOOK 450 TO 500 POINTS NEGATIVE DURING ASIAN TRADING HOURS. BUT NIFTY BOUNCED TOWARDS END TO CLOSE ABOVE THESE CRITICAL LEVELS. BE SURE DOW  WILL BE MADE TO LOOK MUCH BETTER ON WEDNESDAY NIGHT AND DOW FUTURES WILL BE MADE TO LOOK BETTER ON THURSDAY MORNING  TO TRAP THE SHORTERS WHO SHORTED CARRIED SHORTS BASED ON MANIPULATED DOW FUTURES ON WEDNESDAY.

 AS LONG AS NIFTY DOES NOT CLOSE BELOW EXPIRY DAY LOWS OF 10764 SPOT & 10800 FUTURES  USE DECLINES TO ADD LONG FUTURES AND HOLD THESE FUTURES LONGS AND USE RISES TO WRITE 11100 CALLS AND ADD LOWER PUTS . FOR INTRADAY NIFTY FUTURE TRADERS A RISE TO BREACH AND STAY ABOVE 10880 FUTURES  TO CLOSE A 30 MINUTE CANDLE ABOVE IT IS A HIGHLY BULLISH SIGNAL TO ADD MORE LONG POSITIONS AND A FAILURE TO BREACH AND STAY ABOVE 10880 FUTURES IS A SIGNAL TO TRADE INTRADAY SHORT, WRITE MORE 11100 CALLS AND BUY LOWER PUTS.

THE SLIDE WITH HEAVIEST JANUARY FUTURE VOLUME SINCE LAST 10 DAYS TO CLOSE BELOW THE LOWS OF 3 PREVIOUS DAYS ALTHOUGH IS A HIGHLY BEARISH SIGNAL, NIFTY WILL NOT BE MADE TO FALL IMMEDIATELY & MANIPULATORS WILL TRY TO TRAP MORE BUYERS BEFORE DIVING TO RETEST LAST WEEK’S LOWS OF 10534 SPOT & 10580 FUTURES. HENCE IT IS WISER TO USE RISES OR PAUSE ON THURSDAY TO BOOK PROFIT ON SOME  LONGS  IN NIFTY FUTURES AND ADD LOWER PUTS.   

MARKETS FOR 2ND JANUARY LOW VOLUME RISE AND FALL TO CONTINUE FOR A FEW DAYS MORE SIMILAR TO MONDAY AND TUESDAY. THE VOLUME OF TUESDAY WAS EVEN LOWER THAN THE FUTURES VOLUME OF MONDAY. HOLDING ON TO THE LONGS IS NO PROBLEM  WITH MUST STOP LOSS BELOW EXPIRY DAY LOWS OF 10764 SPOT & 10800 FUTURES. HOWEVER SINCE THE RISE IS WITH VERY LOW VOLUME WITHOUT MUCH PARTICIPATION OF  BIG INTERNAL & EXTERNAL PLAYERS, IT IS WISER TO HEDGE ALL LONG FUTURE POSITIONS BY USING THE RISE TO WRITE HIGHER CALLS OF 11100 TO GET AT LEAST A 100 POINT CUSHION ON THE LONG FUTURE POSITIONS. A RISE TOWARDS MONDAY’S HIGHS OR TOWARDS 11000 FUTURES CAN BE USED TO BOOK PARTIAL PROFIT ON LONGS OR BUY LOWER PUTS TO HEDGE, BECAUSE ONCE THE BEAR MARKET RESUMES AFTER THIS RETRACEMENT RISE IS OVER ONE MAY NOT GET A CHANCE TO GET OUT OF THE LONG POSITIONS.

YEAR 2018 HAD A LOW OF 9951 AND A HIGH OF 11760 SPOT, SO WHEREVER NIFTY MAY GO, A FALL AT LEAST TO RETRACE A SUBSTANTIAL PORTION OF THIS 1809 POINT RISE HAS TO TAKE PLACE BEFORE RESUMING THE BEAR MARKET WHICH HAS TO HAPPEN AFTER THE DECISIVE BREACH OF 10000 TO 9951  ZONE & CLOSE BELOW THIS ZONE. SO REMAIN LONG AS FAR AS POSSIBLE BUT HEDGE THE LONGS BY SHORTING HIGHER CALLS OR BUYING OF LOWER PUTS TO AVOID SUDDEN & SHARP DOWN TURN.

FOR INTRADAY TRADERS OF NIFTY FUTURES, A RISE TO INITIALLY BREACH MONDAYS HIGHS OF 10984  FOLLOWED BY A BREACH OF 11000 FUTURES TO STAY ABOVE IT IS A HIGHLY BULLISH SIGNAL TO ADD MORE LONGS OR BUY LOWER CALLS. SIMILARLY  A FAILURE TO BREACH AND STAY ABOVE MONDAY’S HIGHS OR 11000 FUTURES WILL SEE WAITING BEARS JUMPING INTO THE GAME TO PULL NIFTY FUTURES DOWN SIMILAR TO MONDAY AND TUESDAY. SINCE VOLUME IS VERY LOW IT IS BETTER TO TRADE LOWER QUANTITY OF FUTURES AND OPTIONS. INTRADAY TRADERS  IF GETTING ATTRACTED TOWARDS CARRYOVER OF POSITIONS THEN PLEASE HEDGE TO AVOID GETTING TRAPPED  EARLY IN THE MORNING

 

WISHING ALL A HAPPY & PROSPEROUS NEW YEAR 2019

 

 UPDATING TO RESUME FROM 2ND JAN

MARKETS FOR 31 DEC DURING LAST WEEK NIFTY MADE A LOW OF 10534 JUST BELOW THE  FIBO 61.8% RETRACEMENT LEVEL OF 10580 COUNTED FROM  11 DECEMBER LOWS OF 10333 TILL 19TH DECEMBER HIGHS OF  10985 SPOT LEVELS. THE RETRACEMENT RISE THAT HAS STARTED FROM 26TH DECEMBER LOWS OF 10534 WILL INCH UP FURTHER TOWARDS OCTOBER MONTH HIGH OF 11035 OR HIGHER LEVELS IN CASE FOLLOW UP BUYING COMES DURING THE FIRST FEW DAYS OF JANUARY.

NIFTY HAS ALREADY BREACHED NOVEMBER MONTH HIGHS OF 10922 SPOT BY MAKING  A HIGH OF 10985 ON  19TH DECEMBER & SHOULD TRY ITS BEST TO BREACH OCTOBER MONTH HIGHS OF 11035 AND CAN EVEN CONTINUE TO MOVE UP TOWARDS THE FIBO 61.8% LEVEL OF 11085 TO 11100 AS PART OF THE RETRACEMENT RISE COUNTED FROM LIFE TIME HIGHS OF 11760 MADE ON 28TH AUGUST  AND 26TH OCTOBER SWING LOWS OF 1004.

AFTER THIS RETRACEMENT RISE IS OVER POSSIBLY DURING THE FIRST WEEK OF JANUARY, ONE MUST BE REASONABLY SURE TO SEE THE FALL RESUMING TO MAKE ANOTHER SWING LOW BELOW THE 26TH OCTOBER SWING LOWS OF 10004 IN NEXT FEW WEEKS. A RISE AND DECISIVE CLOSE HIGH ABOVE 19TH DECEMBER SWING HIGH OF 10985 WILL CERTAINLY SEE NIFTY EXTENDING THE RETRACEMENT RISE TO SUCK IN & THEN TRAP MORE BUYERS NEARER TO FIBO 61.8% LEVEL OF 11085 TO 11100.

 ALL LONGS INITIATED ABOVE 200 DMA LEVEL OF 10770 BE HELD TILL NIFTY DOES NOT FALL TO BREACH AND CLOSE AGAIN BELOW THE 200 DMA. PROFIT MAY BE BOOKED IN PARTS,  INITIALLY AS NIFTY APPROACHES  19TH DECEMBER SWING HIGHS OF 10985 SPOT AND REMAINING BE BOOKED AS NIFTY APPROACHES 61.8% RETRACEMENT LEVEL OF 11085. A MORE PROFITABLE OPTION CAN BE HOLD THE LONGS FUTURES  AND AS NIFTY RISES TOWARDS 61.8% RETRACEMENT LEVELS BOLDLY WRITE HIGHER CALLS OF 11200,11300 AND HOLD THESE SHORTED HIGHER CALLS ALONG WITH BOUGHT NIFTY FUTURES. OPTION BUYERS CAN EVEN BUY LOWER PUTS AS NIFTY APPROACHES THESE TWO 100 POINTS APART CRITICAL LEVELS OF 10985 AND 11085.

FOR SHORT TERM TRADERS IT IS BETTER TO  REMAIN LONG WITH MUST STOP LOSS BELOW EXPIRY DAY LOWS OF 10764 SPOT BUT ON A DAILY CLOSING BASIS. IF THAT HAPPENS, MAY BE AFTER THE 1ST WEEK OF JANUARY, THEN BE SURE THE RETRACEMENT RISE IS OVER AND BEAR MARKET WILL RESUMED FOR MUCH LOWER LEVEL WHEN ONE SHOULD FORGET ALL LONGS, BUYING OF CALLS & SHOULD RESORT TO HEAVY SHORTING OF FUTURES & HIGHER CALLS AND BUYING OF LOWER PUTS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 24 TO 28 DEC  NIFTY FELL AND CLOSED THE WEEK AROUND 10755 SPOT IN THE FORM OF A MONSTER  REVERSAL BEARISH CANDLE WITH THE HEAVIEST VOLUME SINCE 11 DECEMBER. THE HEAVY VOLUME BEARISH RED CANDLE OF 21ST DECEMBER WAS THE LARGEST RED CANDLE SINCE  17TH OCTOBER AND IF ONE GOES BY THE ELLIOTT WAVE EXPLAINED LAST WEEK BELOW, THEN BE PREPARED TO SEE MORE AND MORE SUCH HEAVY VOLUME RED CANDLES IN DAYS & WEEKS TO COME SPECIALLY DURING THE JANUARY & FEBRUARY MONTHS.

AFTER THE BEARISH MONTHS OF SEPTEMBER & OCTOBER FOLLOWING 28TH AUGUST LIFE TIME HIGHS OF 11760, THE CANDLES OF NOVEMBER AND DECEMBER MONTHS WERE PAUSE CANDLES WITHIN THE HIGHS & LOWS OF OCTOBER MONTH CANDLES MAKING A 2 IN 1 INSIDE MONTHLY CANDLE SETUP. ALTHOUGH IT MAY NOT HAPPEN DURING THE REMAINING 5 TRADING DAYS OF DECEMBER BUT NIFTY WILL CERTAINLY BREACH THE INSIDE CANDLE SETUP LOWS OF 10004  FOR MUCH LOWER LEVELS DURING JANUARY COMING YEAR. IN BETWEEN THERE WILL BE MANY BAFFLING  UP MOVES AS WAS MANIPULATED FROM BJP DEBACLE DAY OF 11 DECEMBER AND CONTINUED TILL 20 DECEMBER THAT TOO WHEN DOW WAS FALLING ALMOST 400 TO 500 EVERY DAY.

WITH DOW HAVING RESUMED ITS  BEAR MARKET (HAVE A CLOSER LOOK AT DOW’S MONTHLY CHARTS OF LAST 20/30 YEARS) ALONG WITH REMAINING EUROPEAN MARKETS , IT IS JUST A MATTER OF TIME FOR ASIAN MARKETS TO FALL AND CLOSE BELOW 2018 LOWS. ON FRIDAY, DOW HAS CLOSED BELOW THE YEARLY LOWS FOR 2018, AT 22444 MUCH BELOW FEBRUARY AND APRIL 2018 LOWS OF 23440. DOW’S 1000 POINT FALL FROM YEARLY LOWS ALTHOUGH CAN SEE SOME PAUSE OR RETRACEMENT RISE BUT THESE WILL BE FOLLOWED BY MUCH BIGGER FALLS. IN 2007, DOW MADE LIFE TIME HIGHS IN OCTOBER  BUT INDIAN MARKETS WERE TAKE UP FOR TWO MORE MONTHS TO CRASH FROM JANUARY 2008 MUCH FASTER THAN DOW.

ON FRIDAY 21ST DECEMBER, NIFTY FELL TO BREACH AND CLOSE BELOW THE 200 DMA AROUND 10770. BE SURE NIFTY WILL BE LIFTED UP ABOVE THE 200 DMA TO CRASH NON STOP BELOW IT IN JAN 2019. HAVING REJECTED BY BOTH 34 & 21 WMA & HAVING BREACHED THE 50 WMA ON FRIDAY, NIFTY AFTER A DECEPTIVE RISE WILL CRASH TOWARDS THE 100 WMA AROUND 10250 DURING JANUARY 2019. THE MANIPULATED DECEPTIVE RISE THAT STARTED FROM THE ALL NEGATIVE DAY OF 11TH DECEMBER LOWS OF 10333, WENT UP TILL 19TH DECEMBER HIGHS OF 10985 SPOT. THE MONSTER FALL OF 21ST DECEMBER BROUGHT IT DOWN TILL THE FIBO 38.2% LEVEL OF 10738. AFTER A PAUSE OR A WELL MANIPULATED  DECEPTIVE RISE, NIFTY WILL CRASH TO 50% LEVELS AROUND  10660 FOLLOWED BY THE 61.8% LEVEL OF  10580 POSSIBLY DURING THE REMAINING DAYS OF THIS YEAR OR EARLY NEXT YEAR(ALL COUNTED FROM  11 DECEMBER LOWS OF 1010333 TILL 19TH DECEMBER HIGHS OF  10985)

THE ACTUAL FALL WILL START ONCE NIFTY BREACHES AND STAYS BELOW 2018 LOWS OF  10000 OR 9950 AS IN THAT CASE NIFTY WILL FALL FURTHER TO CORRECT THE 5 WAVE UP MOVE FROM 29TH FEB 2016 LOWS OF 6825 TILL 28TH AUGUST 2018 LIFE TIME HIGHS OF 11760 IN FIBONACCI CORRECTIVE  PATTERN OF 38.2%,50%, 61.8% WITH RETRACEMENT RISES IN BETWEEN. AFTER THIS IS OVER, A RETRACEMENT RISE TO BE FOLLOWED BY  CORRECTION OF THE ENTIRE BULL MARKET AFTER 2008 OCTOBER LOWS OF 2253 TILL 28TH  AUGUST LIFE TIME HIGHS OF 11760 IN SIMILAR FIBONACCI CORRECTIVE PATTERN OF 38.2, 50 AND 61.8%. REMEMBER, SHORT TERM SWING AND INTRADAY TRADERS NEED NOT BOTHER FOR THIS ELLIOTT WAVE OR FIBONACCI LEVELS AND TAKE FULL ADVANTAGE OF SHORT UP AND DOWN SWINGS OR INTRADAY SWINGS TO TRADE BOTH WAYS.

FOR THE DAYS AHEAD BIGGER FALLS CAN BE EXPECTED BUT AFTER DECEPTIVE & MANIPULATED RISES SIMILAR TO  LAST WEEK 11 DECEMBER TO 19 DECEMBER. THE SINGLE MOST MONSTER HEAVY VOLUME RED CANDLE OF 21ST DECEMBER HAD STARTED FROM HIGHS OF 10963 AND BREACHED THE LOWS OF ITS 6 PREVIOUS DAYS  AND CLOSED BELOW THE LOWS OF ITS 4 PREVIOUS DAYS. A FURTHER FALL CAN EASILY SEE NIFTY DIVING TOWARDS 10650 OR LOWER LEVELS IN QUICK TIME. ONE CAN HAVE WIDER STOP LOSS ABOVE  10866 SPOT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS AND USE INTRADAY RISES TO TRADE SHORT.

IN THE CHARTS OF LOWER TIME FRAMES OF 30 MINUTES AND BELOW, THE HEAD & SOLDER WITH NECK LINE AROUND  10808 HAS BEEN BREACHED WITH HEAD AROUND  10985 SUGGESTING NIFTY CAN FALL AROUND 175 POINTS FROM THE NECK LINE AROUND 10808 TOWARDS 10650/10630 IN QUICK TIME. SO USING RISES TO TRADE SHORT MAY BE BENEFICIAL. DO NOT HESITATE TO HOLD ON TO THE SHORTED CALLS OF 11000,10900,10800 AND 10700 OR BOOK PARTIAL PROFIT ON THESE. HIGHLY MANIPULATED & EXTREMELY LOW VOLUME SGX NIFTY ALONG WITH ITS DAD THE DOW FUTURES WILL  REMAIN FLAT OR BULLISH ON MONDAY MORING AS WAS ON FRIDAY TO ATTRACT BUYERS BUT ONLY TO  FOOL EVERYONE SIMILAR TO FRIDAY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 17 DEC & WEEK AHEAD NIFTY CLOSED THE WEEK ON A HIGHLY BULLISH NOTE IN SPITE OF ALL THE ADVERSE THINGS HAPPENING DURING THE WEEK. SUCH MANIPULATIVE ACTS ARE JUST A PRECURSOR TO A MEGA FALL SIMILAR TO WHAT HAD HAPPENED DURING NOVEMBER, DECEMBER 2007 BEFORE THE SHARPEST BEAR MARKET OF 2008. BE ABSOLUTELY SURE BEAR  MARKET THAT HAS STATED FROM 28TH AUGUST HIGHS OF 11770 SPOT HAS A LONG WAY TO GO, BUT BE EQUALLY SURE TO SEE MANY BAFFLING  MANIPULATIVE MOVES TO INDUCE A FEELING THAT BULL MARKET HAS RESUMED BUT ONLY TO BE TRAPPED AGAIN AND AGAIN. ANOTHER THING TO BE SURE IS THAT THIS BEAR MARKET WILL NEVER EVER BE SIMILAR TO THE SHARP & SWIFT BEAR MARKET OF 2008. IT WILL BE SIMILAR TO BEAR MARKETS OF 1092 APRIL TO JUNE 1996 OR 2000 FEBRUARY TO MARCH 2003.

ELLIOTT WAVE IF ONE HAS A CHARTING SOFTWARE TO SEE LONG TERM 20 YEAR MONTHLY CHART OF NIFTY OR SENSEX THEN ONE CAN  DISTINCTLY SEE THE COMPLETION OF 1ST UP WAVE IN FEB 2000 FOLLOWED BY THE TECH BUBBLE CORRECTIVE 2ND DOWN WAVE TILL APRIL 2003, THE COPY BOOK 5 WAVE BULL MARKET OF APRIL 2003 TILL DECEMBER 2007 WAS THE 3RD UP WAVE  FOLLOWED BY THE SHARPEST CORRECTION  FROM JANUARY 2008 TILL OCTOBER 2008. FROM OCTOBER 2008 TILL AUGUST 2018 WAS THE 5TH UP WAVE HAVING DISTINCT 5 WAVE PATTERN.

IN THE PRESENT  BULL MARKET  FROM OCT 2008 TILL AUG 2018, THE FINAL 5TH WAVE WAS FROM 29TH FEB 2016 TILL  28TH AUGUST 2018. SO, IT IS BETTER TO FOCUS NOW ON THE 5 WAVE PATTERN STARTING FROM 29TH FEB  2016 LOWS OF 6825 TILL 28TH AUGUST 2018 HIGHS OF 11760, ALTHOUGH THE PRESENT  BEAR MARKET   WITH MANY DECEPTIVE UPWARD CORRECTIVE UP MOVES HAS A LONG WAY TO GO FOR MANY YEARS & WILL CORRECT THE ENTIRE BULL MARKET FROM 2008 OCTOBER LOWS OF 2257 TILL 28TH AUGUST 2018 HIGHS OF 11760.

INTERESTINGLY THE FINAL UP WAVE FROM  29TH FEB 2016   LOWS TILL  28TH AUGUST 2018 HIGHS HAS ALSO A DISTINCT 5 WAVE PATTERN THAT CAN EASILY BE NOTICED IN THE MONTHLY & WEEKLY CHARTS.. THE BEAR MARKET THAT HAS STARTED WILL NOT ONLY CORRECT THE UP WAVE STARTING FROM 2016 FEB BUT WILL CORRECT THE ENTIRE BULL MARKET  MOVE THAT HAD STARTED FROM OCTOBER 2008 LOWS OF 2257 NIFTY TILL 28TH AUGUST 2018 HIGHS OF 11760 NIFTY. IN BETWEEN THERE WILL BE MANY MANY RETRACEMENT CORRECTIVE UP MOVES OFFERING GREAT BUYING & PROFIT BOOKING OPPORTUNITIES TO SHORT TERM SWING TRADERS. ONE SUCH CORRECTIVE UP MOVE WAS FROM RECENT 26TH OCTOBER 2018 LOWS OF 10004 TILL 3RD DECEMBER HIGHS OF 10941.

PRESENT STATE OF MARKETS   WHETHER OR NOT THE MANIPULATED DECEPTIVE UP MOVE FROM BJP DEBACLE DAY OF 11TH  DECEMBER LOWS AT 10333 TILL 13TH DECEMBER HIGHS OF 10838 HAS  MORE STEAM TILL  FIBO 61.8% LEVEL OF 11090( COUNTED FROM 28TH AUG 2018 LIFE TIME HIGHS  TILL 26TH OCTOBER 2018 SWING LOWS OF 10004) IS TO BE SEEN. MOST LIKELY ANOTHER FRAUDULENT TWEET FROM THE TWEET MASTER TRUMP  AFTER 2/3 DAYS OF BIG FALLS IN DOW SHOULD HELP NIFTY TO RISE TOWARDS THE 11090 MARK BEFORE RESUMING THE DOWN SWING STRAIGHT WAY. FOR THIS TO HAPPEN , NIFTY FIRST HAS TO BE LIFTED TO CLOSE ABOVE 3RD DEC HIGHS OF 10941 SPOT  AFTER BREACHING THE RESISTANCE LINE AROUND  13TH DEC HIGHS OF 10838 SPOT.

IN ANY CASE BE ABSOLUTELY SURE TO SEE NIFTY BREACHING THE CRITICAL 10000 OR 23RD MARCH 2018 SWING LOW OF 9950 TOWARDS MUCH LOWER LEVELS EARLY NEXT YEAR WHEN PEOPLE START TO REALIZE THAT BJP MAY LOSE THE GENERAL ELECTION IN MAY 2019 OR THERE COULD BE A MAJOR CATASTROPHIC WORLD EVENT THAT WILL SEE THE MAJOR CRASH NEXT YEAR.AS HAS BEEN PROVED MANY TIMES IN THE PAST, ELLIOTT WAVE WORKS ONLY IN THE LONG TERM  MONTHLY OR WEEKLY CHARTS & HARDLY WORKS IN DAILY AND LOWER TIME FRAMES CHARTS. SO, SHORT TERM SWING TRADERS JUST DON’T BOTHER FOR THE BEARISH INDICATIONS OF ELLIOTT WAVE AND TAKE FULL ADVANTAGE OF SHORT TERM RETRACEMENT UP SWINGS TO ENTER LOWS AND BOOK PROFIT ON SWING HIGHS. SIMILARLY INTRADAY TRADERS JUST FORGET ELLIOTT WAVE AND TAKE FULL ADVANTAGE OF INTRADAY SWINGS TO BENEFIT FROM BOTH LONG AND SHORT INTRADAY TRADES IN FUTURES AND OPTIONS WITH HEAVY VOLUME LOTS.

COMING WEEK   FOR THE COMING WEEK, NIFTY WHICH HAD MOVED UP FROM THE LOWS OF 10333 SPOT &  HALTED THIS WEEK AT 10838  AROUND THE RESISTANCE LINE  COMING FROM 3RD SEPT HIGHS OF 11751 SPOT THROUGH 3RD DECEMBER SWING HIGHS OF 10941 SPOT, WILL FIND IT VERY DIFFICULT TO BREACH AND CLOSE ABOVE 10838 AS IT WILL ENCOUNTER HEAVY SHORTING ON EVERY RISE  ON ITS ATTEMPTS TO MOVE ABOVE 10800 SPOT TOWARDS THIS RESISTANCE LINE.

STARTING FROM WEEKENDING 28TH SEPTEMBER 2018, NIFTY HAS FAILED IN ALL ITS ATTEMPTS TO CLOSE ABOVE THE CRITICAL 21 WMA. PREVIOUS WEEKENDING 7TH DECEMBER SAW NIFTY GETTING REJECTED BY THE 21 WMA AFTER APPROACHING IT. LAST WEEKENDING 14TH DECEMBER  EVEN TOUGH WAS A BULLISH WEEK  YET IT CLOSED BELOW BOTH THE CRITICAL 21 AND 34 WMA. SO, UNLESS SOME MORE POWERFUL MARKET LIFTING NEWS IS FLOATED FROM  US COUPLED WITH MORE FRAUDULENT NEWS FROM OWN FINANCIAL CHANNELS, 3RD DEC HIGH OF 10941 WHICH IS AROUND THE 50% RETRACEMENT LEVEL, MAY CONTINUE TO REMAIN A SWING HIGH WITHOUT TESTING THE 61.8% LEVEL OF 11090.

WITH THE MEGA FALL RESUMING EITHER  THIS MONTH OR EARLY NEXT YEAR IT IS WISER LONG TERM PLAYERS TO PLAY SAFE AND BETTER TO INVEST ON SAFE INVESTMENTS LIKE PENSION FUNDS, PPF OR EVEN BANK FD TO PROTECT THE CAPITAL. HOWEVER SHORT TERM PLAYERS SHOULD TRADE BOTH LONG AND SHORT TO TAKE ADVANTAGE OF BIG FALLS AND RETRACEMENT RISES. A RISE TO STAY ABOVE 10838 SPOT INITIALLY & THEN ABOVE 11041 SPOT WILL EXTEND THE RETRACEMENT RISE. A FALL THIS WEEK TO  FALL AND CLOSE BELOW 10650 INITIALLY  FOLLOWED BY BELOW 10550 CAN EASILY SEE 11TH DECEMBER SWING LOWS OF 10333 SPOT BEING RETESTED TO FALL FURTHER DOWN.

 

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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