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MARKETS  FOR 27-30 APRIL 2018

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                    

 

 

 

 

 

 

UPDATING WILL RESUME FROM MONDAY 30 APRIL

MARKETS FOR THURSDAY 26THAPR  EXPIRY DAY, SO NO TRADE OR LIMITED TRADE IS BEST FOR THE DAY TO PRESERVE ENERGY AND CAPITAL TO TRADE SHORT FROM FRIDAY & MAY MONTH. AFTER NEARLY 400 POINT FALL IN DOW ON TUESDAY, EXPECT A MILD CLOSING OR FLAT DAY FOR DOW ON WEDNESDAY TO FALL MUCH BIGGER DURING MAY MONTH . A MILD CLOSE IN DOW ON WEDNESDAY NIGHT  MAY SEE NIFTY RISING TOWARDS 10600 OR HIGHER LEVELS THAT MUST BE USED TO TAKE SHORT POSITIONS IN MAY SERIES FUTURES, BUY MAY SERIES 10600 PUTS. HAVE SUFFICIENT CAPITAL READY TO TRADE SHORT IN MAY MONTH .

FOR INTRADAY TRADING ON THURSDAY, NIFTY FUTURES FAILING TO HOLD WEDNESDAY’S LOWS OF 10531 CAN SEE BIGGER FALLS. INTRADAY TRADERS SHOULD TRY TO TRADE SHORT AND BUY PUTS IN CASE NIFTY FUTURE FAILS TO BREACH AND STAY ABOVE 10600 WITH A STOP LOSS ABOVE IT. AN EXPIRY ORIENTED RISE IF AT ALL COMES ABOVE 10600 TOWARDS DAY END SHOULD BE USED TO TAKE SHORT POSITION IN MAY SERIES.

FOR SPOT NIFTY   THE THREE LINE SUPPORT AT 10515, 10505 AND 10495 LEVELS ARE  CRITICAL.  IN CASE NIFTY FALLS BELOW THIS THREE LINE SPOT ZONE BETWEEN 10515 TO 10495 TO CLOSE EVEN A 30 MINUTE CANDLE BELOW IT ON ANY DAY, THEN EXPECT MUCH BIGGER FALLS DURING MAY. THE MOTTO FOR MAY MONTH SHOULD BE WAIT AND WAIT FOR INTRADAY RISE TO TRADE SHORT PREFERABLY DURING 2ND HALF OF DAY IN CASE SOME INTRADAY RISE COMES DURING 1ST HALF OF THE DAY.

MARKETS FOR WED 25THAPR   NIFTY CONTINUED CLOSE HIGHER  AND AS WAS PREDICTED IT WILL BE KEPT HIGHER TILL EXPIRY. ONE MUST USE INTRADAY RISES TOWARDS OR ABOVE PREVIOUS DAY’S HIGHS TO ADD LIMITED SHORTS, BUY LIMITED PUTS OF MAY SERIES AND WRITE HIGHER CALLS OF MAY SERIES.

FOR INTRADAY TRADING ON WEDNESDAY, IN CASE NIFTY FALLS AND CLOSES A 30 MINUTE CANDLE BELOW TUESDAY’S LOWS OF 10568 SPOT & FUTURES THEN IT WILL SEE MASSIVE SHORTINGS, TILL THAT HAPPENS EVERY INTRADAY DECLINE TOWARDS 10585 SPOT OR 10595 FUTURES IS A BUY WITH STOP LOSS A FEW POINTS BELOW 10580 SPOT & 10590 FUTURES  TO QUIT & TRADE SHORT. ADD MORE SHORTS AND PUTS BELOW TUESDAYS LOWS IF A CANDLE CLOSES BELOW IT. TILL EXPIRY DAY ENDING  IT IS WISER TO TRADE INTRADAY WITH APRIL SERIES 10500 CALLS AND 10600 PUTS AND NOT WITH  FUTURES.

 SWING TRADERS CAN TRADE WITH FUTURES. DO LIMITED SWING SHORTS IN FUTURES WITH STOP LOSS ABOVE 10650 SPOT BUT ON A CLOSING BASIS. NIFTY IS RIPE FOR A GOOD FALL AND ONE CAN EXPECT THE RESUMPTION OF THE FALL ON ANY DAY THAT MAY ACCELERATE IN  MAY MONTH TO TRY AND BREACH APRIL MONTH LOWS OF 10127 SPOT OR EVEN MARCH MONTH LOWS OF 9952. ON THE UP SIDE A CLOSURE OF SPOT NIFTY ABOVE 10650 FOR TWO CONSECUTIVE DAYS CAN SEE ANOTHER 50 TO 60 POINTS RISE TILL FIBO 61.8% RETRACEMENT LEVEL OF 10707 WHERE IF AT ALL NIFTY GOES MORE SHORTS CAN BE ADDED.

MARKETS FOR TUESDAY 24THAPR NIFTY IS LIKELY TO BE RANGE BOUND TILL EXPIRY AND WILL RESUME ITS DECLINE AFTER THE EXPIRY. SO, USE RISES TOWARDS OR ABOVE PREVIOUS DAYS HIGHS TO TRADE SHORT ON MAY FUTURES, SELL MAY SERIES HIGHER CALLS OF 10700,10800 ON MARKET RISE. OPTION BUYERS CAN USE INTRADAY RISE TO BUY MAY SERIES 10500 PUTS. USE MINIMUM CAPITAL TILL EXPIRY , BULK BEING PRESERVED TO TRADE AFTER EXPIRY. BETTER TO DO INTRADAY TRADING WITH IN  THE MONEY CALLS AND PUTS AS PER MARKET VOLATILITY. NIFTY IS GETTING READY FOR A SHARP DECLINE THAT MAY EITHER START FROM OR JUST AFTER THE EXPIRY DAY.

MARKETS FOR MONDAY 23RDAPR NIFTY MADE THE 4TH CONSECUTIVE WEEKS OF WEEKLY GAINS AND EACH WEEK CLOSED ABOVE THE HIGHS OF ITS PREVIOUS WEEK. AFTER 8 WEEKS OF FALLS FROM 29TH JANUARY LIFE TIME HIGHS OF 11171 SPOT  TILL 23RD MARCH LOWS OF 9952 SPOT, NIFTY HAS ALREADY RETRACED 50% AND WITH FAVORABLE MARKET CONDITIONS CAN EVEN RETRACE UP TO FIBO 61.8% LEVEL OF 10705 SPOT LEVELS. SO, EVEN IF NIFTY BREACHES AND CLOSES ABOVE THE CRITICAL 10631 LEVELS THEN BEARS NEED NOT WORRY AT ALL AND THEY SHOULD START PRESERVING CAPITAL TO START MORE SHORTING ACTION FROM 10700 LEVELS.

TRADERS MUST REMEMBER THAT THE PRESENT RISE IS A RETRACEMENT TO THE OVERALL BEAR MARKET THAT HAD STARTED FROM 29TH JAN HIGH OF 10171. THE PRESENT BEAR MARKET WILL BE SIMILAR TO THE BEAR MARKET OF 1992 APRIL TILL JUNE 1998 OR 2000 FEB  TILL 2003 APRIL BUT CERTAINLY NOT LIKE THE 10 MONTH SAVAGE FALL OF 2008 JAN TILL 2008 OCT BEAR MARKET WHEN NIFTY CORRECTED FROM 6357 TILL 2252 SPOT ALMOST ONE THIRD. REMEMBER EVERY BEAR MARKET REPEATS AROUND 8 YEARS , 1984, 1992,2000,2008. HOWEVER THIS TIME IT HAS TAKEN 2 MORE YEARS TO FALL.

MORE & MORE FALL WILL COME BUT THIS TIME IT WILL BE SLOW POISON TYPE, LIKE THE ONE IN 1992 TO 98 OR 2000 TO 2003. EVERY RETRACEMENT RISE WILL INDUCE A FEELING THAT THE CORRECTION IS OVER AND BULL MARKET HAS RESUMED BUT ONLY TO BE TRAPPED AGAIN. EVEN IF NIFTY RISES TO  TEST 29TH JAN HIGH OF 11171 THEN ALSO BE SURE THAT THE BEAR MARKET WILL RESUME AFTER A DOUBLE TOP OR THE FAMOUS 2B FORMATION. NO ONE WILL ESCAPE THE BEAR MARKET CYCLE THAT LIKE EVERY OTHER BEAR MARKET HAS TO FALL MORE THAN 50% OF THE LIFE TIME HIGHS.

AS PER CRITICAL INDICATORS IN THE DAILY CHARTS NIFTY LOOKS HIGHLY OVERBOUGHT AND SHOULD SEE A SHARP CORRECTION IF NOT NOW IT WILL CERTAINLY BE AFTER THE EXPIRY & DURING THE MONTH OF MAY. A CLOSURE OF A 30 MINUTE CANDLE ON ANY DAY BELOW 10494 IS THE INITIAL INDICATION  OF BIGGER FALLS. NIFTY  SPOT FACES REAL DANGER FROM THE BEARS IN CASE IT FALLS TO CLOSE A DAY BELOW  16TH APRIL LOWS OF 10393 SPOT. A FURTHER FALL DURING MAY MONTH TO BREACH AND CLOSE BELOW 11TH APRIL RED HAMMER LOWS OF 10355 WILL SPELL THE END GAME FOR THE BULLS WHO ENJOYED THE RETRACEMENT RISE TILL NOW OR MAY BE TILL APRIL EXPIRY.

TILL EXPIRY IS OVER ON 26TH APRIL, NOTHING CAN BE SAID ABOUT THE LEVELS OF NIFTY, AS MANY OPPOSING FORCES WILL BE PLAYING THE INDEX MANAGEMENT GAME TO THEIR FAVORITE EXPIRY CLOSING LEVELS. TILL EXPIRY, TRADE INTRADAY ONLY   BOTH LONG AND SHORT  WITH INTRADAY  INDICATORS WITHOUT TAKING THE RISK OF CARRY OVER OF POSITIONS. IF CARRYING OVER THEN PLEASE HEDGE LONGS OF FUTURES WITH WRITTEN MAY SERIES CALLS OF 10700/10600 OR BUY HEDGING PUTS OF 10600  . (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR FRIDAY 20THAPR NIFTY AGAIN CLOSED POSITIVE ON THURSDAY ALLOWING SWING TRADERS TO INITIATE FRESH SHORTS. HENCEFORTH EVERY RISE TOWARDS OR ABOVE 10600 FUTURES OR SPOT SHOULD BE USED TO ADD  SWING SHORTS. STOP LOSS FOR ALL SWING SHORTS MUST BE A FEW POINTS ABOVE 10650 SPOT ON A CLOSING BASIS. EVEN IF NIFTY DOES NOT RISE, USE INTRADAY RISE TO ADD SHORTS.

ON THURSDAY NIFTY AGAIN MADE A LOW RANGE AND LOW VOLUME DAY. ALTHOUGH BOTH NIFTY SPOT &  NIFTY FUTURES MADE  +VE CLOSES  AT 10568 SPOT & 10578 FUTURE LEVELS COMPARED TO WEDNESDAY’S CLOSING OF  10526 SPOT & 10540 FUTURES, THE VOLUME OF NIFTY FUTURES ON THURSDAY WAS THE LOWEST VOLUME SINCE 9TH OF JANUARY. MORE DANGEROUS FOR THE BULLS WAS THE FORMATION OF  7 NR INSIDE DOJI CANDLE ON THURSDAY NEAR SWING TOP WHICH WAS AFTER THE 18TH APRIL BEARISH ENGUFING  SUGGESTING THAT THE RETRACEMENT RISE IS OVER. NIFTY MAY BE MANAGED NOT TO FALL BADLY TILL EXPIRY IS OVER AND AFTER THE EXPIRY HELL WILL BREAK LOOSE.

THE RISE FROM 23RD MARCH  SWING LOWS OF 9951 SPOT AND 10000 FUTURES HAVE BEEN ON GRADUAL LOW VOLUME CULMINATING WITH A 7TH NRB INSIDE DOJI CANDLE OF THURSDAY 19TH APRIL WITH THE LOWEST VOLUME IN MORE THAN 50 TRADING DAYS. THIS COUPLED WITH THE OVERBOUGHT CONDITION OF SOME CRITICAL DAILY INDICATORS  SUGGESTS THAT THE RETRACEMENT RISE HAS LOST ALL ITS STEAM AND MAY JUST BE DRAGGED ON TILL EXPIRY AFTER WHICH THE DOWN SWING WILL RESUME IF IT DOES NOT RESUME FROM FRIDAY 20 APRIL.

FOR FRIDAY NIFTY BREACHING AND STAYING BELOW 10550 FUTURES AND 10544 SPOT  TO CLOSE A 30 MINUTE CANDLE BELOW THESE LEVELS CAN SEE MUCH BIGGER FALLS. SIMILARLY ON THE HIGHER SIDE A BREACH TO CLOSE A 30 MINUTE CANDLE ABOVE 10600 SPOT AND FUTURES CAN SEE BIGGER UPWARD JUMP TOWARDS THE CRITICAL RESISTANCE AROUND EARLIER SWING HIGH OF 10633 SPOT.

SHORTING OF FUTURES, WRITING OF HIGHER CALLS AND BUYING OF PUTS SHOULD PREFERABLY BE DONE WITH MAY SERIES AND NOT APRIL SERIES AS DURING APRIL SERIES NIFTY MAY NOT BE ALLOWED TO FALL MUCH  TILL EXPIRY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY 19THAPR NIFTY OPENED GAP UP THAT ALLOWED SWING LONG HOLDERS TO BOOK PROFIT ON ALL SWING LONGS AS WAS ADVISED YESTERDAY. NIFTY WILL BE TAKEN UP AGAIN ON THURSDAY TO OPEN GAP UP , USE GAP UP OR RISE TOWARDS 10600  TO 10630 FUTURES TO START INITIATING SWING SHORTS IN MAY SERIES OF NIFTY FUTURES. OPTION TRADERS CAN USE RISES TO BUY MAY SERIES 10500 PUTS AND HOLD FOR MAY MONTH. BY HOLDING ON TO MAY SERIES FUTURE SHORTS AND BOUGHT 10500 MAY PUTS, ONE CAN USE MID DAY DECLINES OR ANY TIME DECLINES TO BOLDLY WRITE APRIL SERIES 10300 AND 10400 PUTS TO POCKET THE PREMIUM ON THESE OUT OF THE MONEY APRIL PUTS.

 NIFTY WILL NOT BE ALLOWED TO FALL  BADLY TILL APRIL EXPIRY IS OVER AND REAL FALL WILL START AFTER THE APRIL EXPIRY ON 26TH AND MOST OF THE SLIDE MAY COME DURING MAY MONTH. SO, SELL LESS FUTURES AND BUY LOESSER CALLS & PUTS OF MAY SERIES NOW TO TRADE HEAVILY IN THESE AFTER THE EXPIRY  IS OVER. THESE DAYS LEADING TO THE EXPIRY CAN BE USED TO SLOWLY ADD SHORTS & PUTS OF MAY SERIES. IN ORDER TO BE CONFIRMED OF RESUMPTION OF BEAR MARKET, NIFTY MUST SLIDE AND MORE IMPORTANTLY CLOSE BELOW 10390 SPOT AND BELOW 10430 FUTURES. BIGGER FALL ONLY WILL COME ON A CLOSE BELOW 10350 SPOT AND FUTURES. A CLOSER OF NIFTY SPOT HIGH ABOVE 10633 TO 10655 SPOT ZONE CAN SEE SOME MORE UP MOVE IN NIFTY.

FOR THURSDAY, WAIT FOR SOME GOOD RISE OR FOLLOW UP AFTER THE GAP UP TO INITIATE LIMITED SHORTS & PUTS OF MAY SERIES BUT  THE BULK OF SHORTING SHOULD BE RESERVED FOR THE DAYS IMMEDIATELY AFTER EXPIRY ON 26TH APRIL. HEDGE THE SHORTS IN NIFTY AND BOUGHT PUTS BY WRITING LOWER PUTS OF APRIL SERIES(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR WED 18THAPR NIFTY HAS GONE UP FOR 9 CONSECUTIVE DAYS AND MAY MAKE IT 11 CONSECUTIVE DAYS OF RISE . ALL SWING LONG HOLDERS CAN BOOK PROFIT ON ALL THEIR SWING LONGS IN CASE THERE IS A GAP UP ON WEDNESDAY MORNING. IN CASE HOLDING WRITTEN HIGHER CALLS OF 10600,10550 AND 10500 THEN HOLD SWING LONGS AND LOWER CALLS.

IT IS WISER TO BOOK PROFIT ON THE GAP UP OPEN OR HOLD ALL WITH A MUST STOP LOSS BELOW 10490 SPOT ON A 30 MINUTE CANDLE CLOSING BASIS. SHORTS CAN BE INITIATED IN CASE OF A 30 MINUTE CANDLE CLOSURE BELOW 10490 SPOT OT 10500 FUTURES. NIFTY IS LIKELY TO BE TAKEN UP TILL THE CRITICAL 10633 SPOT  OR EVEN BE MADE TO BREACH IT BEFORE FALLING & RESUMING THE DOWN SWING.

IF ONE OBSERVES THE VOLUME CHART OF NIFTY FUTURES, ONE WILL NOTICE THAT IT HAD THE MAXIMUM VOLUME ON THE BIG FALL DAY OF 4TH APRIL. AFTER THAT OTHER THAN THE VOLUME OF 5TH APRIL, THE VOLUME OF REMAINING UP DAYS HAVE BEEN LOWER THAN THESE TWO DAYS. EVEN THE BIG UP DAY VOLUME OF 16TH APRIL WAS LOWER THAN THE VOLUME OF ITS 3 PREVIOUS DAYS SUGGESTING THAT A SHARP DECLINE CAN COME SHORTLY , SO WISER TO BOOK PROFIT ON SWING LONGS WITHOUT WAITING FOR STOP LOSS OF 10500 FUTURES TO BE TAKEN OUT .

OPTION TRADERS WANTING TO INITIATE FRESH PUTS CAN DO SO BUT  DO WITH THE PUTS OF MAY SERIES & NOT APRIL. FOR  PUT HOLDERS OF APRIL 10400 , BOLDLY WRITE  LOWER PUTS OF 10200 AND 10100 ON INTRADAY DECLINES OF NIFTY  BY HOLDING ON TO THE HIGHER PUTS TO POCKET THE PREMIUM ON THESE LOWER PUTS  (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR TUESDAY 17THAPR ALTHOUGH NIFTY HAS GONE UP FOR 8 CONSECUTIVE DAYS AND IS RIPE FOR A BIG CORRECTION ANY TIME, AS LONG AS NIFTY DOES NOT FALL TO  CLOSE BELOW THE PREVIOUS DAY’S LOWS,  IT IS BULLISH AND ONE MUST HAVE STOP LOSS BELOW THE PREVIOUS DAYS LOWS ON A CLOSING BASIS AND CONTINUE TO HOLD LONG FUTURES, LOWER BOUGHT CALLS AND SHORTED HIGHER CALLS OF 10500,10550 AND 10600.

ALTHOUGH THE IMD REPORT ON MET WAS NOT THAT ENCOURAGING  YET NIFTY WILL BE KEPT UP AS LONG AS NIFTY DOES NOT FALL TO CLOSE AT LEAST A 30 MINUTE CANDLE BELOW 10450 SPOT AND 10460 FUTURES, IT WILL CONTINUE TO RISE AS PART OF THE RETRACEMENT RISE. SO USE INTRADAY DECLINES TO BUY FUTURES AND LOWER CALLS AS LONG AS NIFTY FUTURES DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10460. FUTURES CLOSING BELOW MONDAY’S LOWS OF 10430 CAN BE USED TO BOOK PROFIT ON THE SWING LONGS, BOUGHT CALLS AND INITIATE FRESH SHORTS AND BUY PUTS.

SINCE EVERYONE IS THINKING THAT NIFTY HAS GONE UP FOR 8 DAYS AND SHOULD FALL, ACTUALLY IT WILL NOT FALL NOW AND THE FALL WHENEVER IT COMES WILL BE SHARP AND WILL COME AS A SURPRISE ONLY TO FOOL EVERYONE. . (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR MONDAY 16THAPR THE RETRACEMENT RISE CONTINUED FOR THE 3RD CONSECUTIVE WEEK AND 7TH  CONSECUTIVE DAY. THESE 3 CONSECUTIVE WEEKS OF RISE  WITH EACH WEEK CLOSING HIGH ABOVE THE HIGHS OF ITS PREVIOUS WEEK CERTAINLY IS A BULLISH INDICATION DEPICTING  THE EXTENSION OF RETRACEMENT RISE TOWARDS HIGHER LEVELS OF 10633 SPOT AFTER A DOWN SIDE CORRECTION.

 WHETHER RUSSIA RESPONDS TO U.S. AIR STRIKES IN SYRIA OR NOT DOES NOT MAKE MUCH DIFFERENCE BUT THE RISK TO REWARDS RATIO AFTER 7 CONSECUTIVE DAYS OF RISE WEIGHS HEAVILY IN FAVOR OF BEARS THAT MAY SEE SOME DOWN SIDE DURING THIS WEEK.

BULLS HOLDING FUTURE LONGS OR BOUGHT LOWER CALLS & PUTS OF 10400 ALONG WITH SHORTED CALLS OF 10500, 10600 & SHORTED PUTS OF 10200 AND 10100 CAN REMAIN TIGHT WITH THEIR POSITIONS AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW  11TH APRIL OUT SIDE HAMMER CANDLE LOWS OF 10355 SPOT.  EVEN A SLIDE TO CLOSE TWO 15 MINUTE OPENING CANDLES OR A 30 MINUTE CANDLE BELOW FRIDAY 13TH APRIL LOWS OF 10450 SPOT WILL BE THE 1ST SIGN OF WEAKNESS FOR BIGGER FALLS TO REDUCE LONGS , BOUGHT LOWER CALLS AND ADD MORE PUTS.

 A DAILY CLOSE BY SPOT NIFTY BELOW 11TH APRIL LOWS OF 10355 WILL BE THE GO AHEAD SIGNAL TO REVERT BACK TO SHORTING MODE AGAIN  AS THE POSSIBILITY OF RESUMPTION OF BEAR MARKET IS QUITE HIGH EVEN THOUGH A WEEKLY CLOSE BELOW LAST WEEK’S LOWS OF 10328 SPOT WILL CONFIRM IT.

USE INTRADAY RISES TO BUY 10400 PUTS  BUT MUST  USE DECLINES  SELL DOUBLE THE AMOUNT OF 10200 AND 10100 PUTS TO POCKET THE PREMIUMS ON THESE  LOWER PUTS OF 10200 AND 10100 BY HOLDING ON TO 10400 PUTS. FOR NEXT FEW DAYS THE MARKETS WILL BE ENTIRELY NEWS BASED WITH RESULT SEASON TAKING A BACK SEAT. EXPECT BELOW SATISFACTORY RESULTS IN MANY LARGE COMPANIES DURING THIS RESULT SEASON. . (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR FRIDAY 13THAPR     FRIDAY THE 13TH, SO EXPECT A BULLISH DAY. HOLD ALL LONG FUTURES, LOWER BOUGHT CALLS AND PUTS. USE PAUSE OR SLIDE TO ADD FUTURES, LOWER CALLS AND AT THE SAME TIME START TO BOLDLY SHORT 10550 AND 10600 CALLS AND WITH THESE HOLD THE EARLIER SHORTED 10500 CALLS.

MARKET WILL BE KEPT UP ON FRIDAY. HOWEVER TOWARDS END OF FRIDAY LONG HOLDERS CAN REDUCE SOME FUTURES OR HOLD FUTURES  BUT BUY SOME PUTS TO CARRY FOR NEXT WEEK. HENCEFORTH EVERY RHETORIC OF TRUMP SHOULD BE TAKEN AS A BULLISH FACTOR FOR THE MARKETS HOWEVER BAD IT MAY BE, BECAUSE AFTER AN ALARMING TWEET HE WILL FLOAT A COMPLETELY OPPOSITE MESSAGE. ALL HAVE SEEN WHAT HAPPENED WITH N. KOREA, THE TRADE WAR FARCE WITH CHINA AND FINALLY THE RECENT FALSE MISSILE THREAT TO RUSSIA & SYRIA.

REMAIN LONG IN FUTURES, LOWER CALLS , HEDGE BY WRITING HIGHER CALLS AND BUYING SOME 10400 OR 10300 PUTS TO GO FOR THE NEXT WEEK. NIFTY WILL BE MADE TO BREACH AND CLOSE ABOVE 10480 SPOT , SO USE THE RISE TO WRITE HIGHER CALLS AND BUY PUTS. ON DECLINES OR PAUSE BUY FUTURES AND LOWER CALLS TO RIDE THE RETRACEMENT RISE THAT MAY END NEXT WEEK TO RESUME THE BEAR MARKET AS IT HAS GONE UP CONSECUTIVELY FOR 6 DAYS AND WILL BE UP ON FRIDAY ALSO.SO MAKE FULL USE OF THIS RETRACEMENT RISE AS HIGH AS NIFTY AND BANK NIFTY  CAN GO. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY 12THAPR NIFTY WILL CONTINUE TO REMAIN LIKE THIS FOR THIS WEEK ALSO BEFORE THE SLIDE RESUMES MAY BE FROM EARLY NEXT WEEK. HOLD ALL THE SWING LONGS, ADD LOWER CALLS ON DECLINES , USE RISES TO BOLDLY WRITE HIGHER CALLS OF 10500 AND HOLD THESE SHORTED CALLS ALONG WITH BOUGHT FUTURES AND LOWER CALLS.

SAFE TRADERS CAN ALSO START TO BUY BACK LIMITED QUANTITY OF 10300 PUTS , HOLD THESE AND DOUBLE SHORT LOWER PUTS OF 10100 AND LOWER PUTS IN CASE MARKET DECLINES. NIFTY WILL BE KEPT UP THIS WEEK , SO AROUND FRIDAY END BOOK PROFIT ON SWING LONGS AND BOUGHT LOWER CALLS ON FRIDAY TOWARDS END  IN CASE NOT HOLDING WRITTEN HIGHER CALLS OF 10500.

REMEMBER , THE BEAR MARKET WILL RESUME ONLY AFTER MOST OF THE TRADERS AND BIG PLAYERS START TO THINK THAT THE  DOWN SIDE CORRECTION IS OVER AND BULL MARKET HAS RESUMED WHICH WILL ACTUALLY HAPPEN ONLY WHEN NIFTY BREACHES AND CLOSES ABOVE 10633 SPOT, TILL THAT HAPPENS ALL THESE SLOW GRINDING UP MOVES ARE RETRACEMENT TO THE MEGA BEAR MARKET. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR WED 11THAPR   HOLD ALL THE SWING LONGS, BOUGHT CALLS AND ALSO SHORTED CALLS OF 10400 & 10500 AND BOUGHT 10400 PUTS AS NIFTY MAY RISE FURTHER TOWARDS THE EARLIER GIVEN LEVEL OF 10478 SPOT WHICH WAS THE HIGH OF 13TH MARCH. BOTH 100 AND 50 DMA ARE JOINED AROUND 10440 TO 10450 SPOT ZONE, THAT MAY DELAY THE UP MOVE. SWING LONG HOLDERS CAN BOOK PROFIT IN HALF AROUND THIS JUNCTION OF 50 & 100 DMA IN CASE NIFTY SPOT MOVES TOWARDS THIS CRITICAL LEVEL .

SAFE SWING LONG HOLDERS CAN HOLD THE REMAINING HALF LONGS, BUT SHIFT THE STOP LOSS UPWARDS TOWARDS 10366 SPOT INITIALLY & THEN FOR ALL THE REMAINING LONGS AND BOUGHT CALLS BELOW 10290 SPOT LEVELS WHICH IS THE DOJI LOW FORMED ON 9TH APRIL.

AS LONG AS NIFTY LONGS ARE HELD, BOLDLY HOLD THE SHORTED 10400 AND 10500 CALLS. USE RISES IN NIFTY TO  WRITE MORE CALLS OF 10500 BY HOLDING ON TO SWING LONGS OR LOWER CALLS. NARROW RANGE IN MOVEMENT OF NIFTY FAILING TO GAIN MOMENTUM TO CONTINUE WITH THE UP MOVE IS AN INDICATION OF NEARNESS TO THE END OF  RETRACEMENT RISE AND RESUMPTION OF THE IMPENDING SLIDE IS NOT VERY FAR OFF. SO, MUST HAVE TIGHT STOP LOSSES AS ABOVE  (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR TUESDAY 10THAPR   LOOKS LIKE SOME MORE RETRACEMENT RISE TOWARDS 10480 SPOT IS POSSIBLE DURING THE WEEK BEFORE THE SLIDE RESUMES. HOLD ALL THE SWING LONGS ALONG WITH BOUGHT CALLS. USE DECLINE TO ADD FUTURES AND AT THE SAME TIME FOR EVERY RISE OF 50 POINTS SELL 10500 CALLS  TO POCKET THE PREMIUM ON THESE SHORTED CALLS BY HOLDING ON TO LONG FUTURES. STOP LOSS FOR ALL THE LONG FUTURES SHOULD BE BELOW THURSDAY  5TH APRIL OPENING GAP LOW OF 10250 FUTURES. NEVER LOOK AT DOW OR SGX NIFTY AND FALL A PRAY TO THEIR DECEPTIVE MOVEMENTS. REMAIN LONG WITH STOP LOSS.

MARKETS FOR MONDAY 9THAPR ON FRIDAY 6TH APRIL, NIFTY HAD A WEEKLY CLOSING AT 10331 SPOT &  10353 FUTURES IN THE FORM OF A HIGHLY BULLISH WEEKLY CANDLE CLOSING HIGH ABOVE THE HIGHS OF ITS TWO PREVIOUS WEEK’S HIGHS, RIGHT AT THEIR RESPECTIVE CRITICAL 21 WEEKLY EMAS. SIMILARLY IN THE DAILY CHARTS BOTH THE SPOT AND FUTURE NIFTY CLOSED ABOVE THEIR RESPECTIVE 34 DAY EMAS.

SIMILARLY FROM THE 2ND WAVE HIGH OF 10631 SPOT TILL  23RD MARCH SWING LOW OF 9952 SPOT, NIFTY RETRACED MORE THAN 50% AND WENT UP TILL 10350 SPOT ON FRIDAY FAILING TO REACH THE  CRITICAL  FIBO 61,8% RETRACEMENT LEVEL OF 10371 SPOT. AFTER THE BIG RISE OF THURSDAY, A DOJI FORMATION ON FRIDAY FAILING TO REACH THE CRITICAL 61.8% LEVEL OF 10371 SPOT IS THE FIRST SIGN OF WEAKNESS, AS A DOJI AFTER A FEW DAYS OF RISE FROM 23RD MARCH LOWS OF 9952 IS A SIGN OF INDECISION  THAT MAY SEE A CORRECTION IN CASE NIFTY FAILS TO TAKE OUT AND SUSTAIN ABOVE THE 61.8% RETRACEMENT LEVEL OF 10371 SPOT.

DOW LAST WEEK HAD A MASSIVE FALL ON MONDAY 2ND APRIL THAT HAD BREACHED ITS 200 DMA, BUT FROM TUESDAY TILL THURSDAY IT SAW SPECTACULAR GAINS TO REACH EXACTLY TO ITS 55 DAY EMA TO CLOSE NEAR ITS 34 DAY EMA SIMILAR TO NIFTY WHICH HAD CLOSED JUST ABOVE ITS 34 DAY EMA ON FRIDAY. ON FRIDAY NIGHT DOW  CRASHED  BY 570 POINTS TO BREACH AND CLOSE BELOW ITS ALL THE CRITICAL 21,34 AND 55 DAY EMAS IN THE FORM OF A DEADLY EVENING STAR FORMATION THREATENING BIGGER FALLS DURING THE COMING WEEK IF THE EVENING STAR IS REAL AND IS NOT A DECEPTIVE CANDLE TO AGAIN FOOL REST OF THE WORLD.

SINCE REST OF THE WORLD MARKETS ARE DANCING TO THE TUNE OF DOW, IT HAS TO BE SEEN HOW REST OF THE WORLD MARKETS BEHAVE, SPECIALLY INDIAN MARKETS WHICH HAD OUTPERFORMED REST OF THE ASIAN MARKETS DURING LAST WEEK. WHATEVER HAPPENS TO INDIAN MARKETS ON THE BLACK MONDAY MORNING, IT IS WISER TO QUICKLY QUIT THE LIMITED LONG POSITIONS IN NIFTY FUTURES INITIATED ON THURSDAY OR BUY PUTS OF 10300 IN CASE NIFTY HAS A DECEPTIVE PAUSE AND DOES NOT FALL INITIALLY.

IN CASE U.S DOES NOT PLAY ITS RHETORIC BY BRINGING SOME JOKER AGAIN TO SAY THAT WE ARE NEGOTIATING WITH CHINA, EXPECT THE FRIDAY’S EVENING STAR FORMED DOW TO SEE MUCH BIGGER FALLS FROM MONDAY TO BREACH AND CLOSE BELOW ITS 200 DMA DURING THE WEEK TO TRIGGER THE RESUMPTION OF THE BEAR MARKET FOR REST OF THE WORLD. BUT KNOWING WELL HOW US JOKERS ACT TO INFLUENCE REST OF WORLD MARKETS, BE SURE SOME JOKER TO COME OUT AND ANNOUNCE A PACIFYING MEASURE SO THAT REST OF WORLD MARKETS DON’T FALL SO EARLY BUT FOLLOW A SLOW POISON TYPE FALL BASED ON DECEPTIVE TACTICS OF DOW PLAYERS.

THE PANICKY LOW MADE BY NIFTY AT 10111 SPOT ON WEDNESDAY BASED ON CHEATING ACTION BY DOW FUTURES PLAYERS TO DISPLAY DOW FUTURES AT 500 OR MORE DOWN, THAT SAW DOW RISING BY MORE THAN 600 POINTS SAME EVENING, SHOULD NOW BE USED AS A STOP LOSS FOR ALL SWING LONGS, WRITTEN PUTS AND BOUGHT CALLS. HOWEVER WRITTEN CALLS OF 10500 AND 10400 SHOULD BE HELD AS THESE MAY BE HIGHLY PROFITABLE.

 A CLOSE BELOW WEDNESDAY 4TH APRIL PANICKY LOW OF 10111 SPOT WILL SEE MUCH BIGGER FALLS IN NIFTY DURING THE WEEK THAT MAY SURPRISE MANY TRADERS AND ANALYSTS WHO ARE PROFESSING FOR A BULLISH APRIL AND ADVISED ALL TO BUY AND CARRY LONG POSITIONS ON FRIDAY TOWARDS END.IN CASE NIFTY DOES NOT BREACH THIS CRITICAL PANICKY LOW OF 10111 SPOT, THEN AFTER A MINOR FALL  IT CAN RISE FURTHER TO MOVE UP INITIALLY TOWARDS LAST WEEK’S HIGH OF 10350 SPOT OR FIBO 61.8% LEVEL OF 10371 SPOT, FOLLOWED BY CRITICAL 13TH MARCH SWING HIGH OF 10478 SPOT IN APRIL ITSELF.

THE 30 MINUTE CLOSING TWIN GREEN & RED CANDLE OF  FRIDAY DOES NOT LOOK ENCOURAGING FOR BULLS AND A BIG GAP DOWN FOLLOWED BY FOLLOW UP SLIDE TO BREACH AND CLOSE A 30 MINUTE CANDLE BELOW 10260 SPOT AND 10300 FUTURES MAY SEE BULLS SCRAMBLING FOR COVER BY QUITTING WHATEVER LONG POSITIONS THEY CARRIED FROM  LAST WEEK. A FURTHER FALL TO BREACH AND STAY BELOW THE CRITICAL OPENING GAP LOW OF THURSDAY AT 10227 SPOT AND 10250 FUTURES WILL FORCE THE BULLS TO  JOIN HAND WITH THE BEARS TO PULL NIFTY FURTHER DOWN TO CLOSE THE THURSDAY’S OPENING GAP TILL 10128 SPOT AND 10139 FUTURES TO THREATEN AND BREACH THE PANICKY BOTTOM OF WEDNESDAY AT 10111 SPOT AND 10121 FUTURES IN QUICK TIME AS A CONFIRMATION OF RESUMPTION OF THE BEAR MARKET AFTER THE RETRACEMENT RISE TILL FRIDAY. PLAY SAFE WITH LONGS IN THIS BEAR MARKET, IF CARRYING LONGS OVERNIGHT THEN MUST HEDGE WITH BOUGHT PUTS OR WRITTEN HIGHER CALLS  (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR FRIDAY 6THAPR THURSDAY TURNED OUT TO BE A COMPLETE BULLISH DAY AFTER OPENING WITH A HIGHLY BULLISH GAP UP OF  OVER 100 POINTS AND CONTINUED TO BREACH PREVIOUS DAY’S HIGH OF 10280 SPOT AND 10304 FUTURES TO MAKE A NEW DAY HIGH OF 10326 SPOT AND 10350 FUTURES FORCING SWING SHORT HOLDERS FROM WEDNESDAY TO QUIT ALL THE SWING SHORTS ALONG WITH ALL THE WRITTEN CALLS OF 10300 AND EARLIER BOUGHT PUTS OF 10100 & 10000. A LIMITED LONG TRADES WERE INITIATED ABOVE WEDNESDAY’S HIGH OF 10304 FUTURES SO AS TO TAKE ADVANTAGE OF  FURTHER RETRACEMENT RISE THAT MAY COME TOWARDS NEXT SWING HIGH OF 10480 SPOT AND 10490 FUTURES. HOWEVER WRITTEN CALLS OF 10500 AND 10400 ARE STILL HELD AND MORE 10500 CALLS SHOULD  BE WRITTEN TO HEDGE THE LIMITED SWING LONGS INITIATED.

 A FAILURE TO RISE AND CLOSE ABOVE THE IMMEDIATE SWING HIGH OF 10480 SPOT AND 10520 APRIL FUTURES SHOULD BE THE GO AHEAD SIGNAL TO QUIT ALL SWING LONGS INITIATED ON 5TH APRIL ABOVE 4TH APRIL HIGHS OF 10304 FUTURES AND ENTER DOUBLE SHORTING MODE AGAIN TO RIDE THE MEGA BEAR MARKET FOR MUCH LOWER LEVELS AS WAS MENTIONED ON EARLIER DAYS BELOW.

ON THURSDAY, BOTH SPOT AND FUTURE NIFTY MOVED UP TO BREACH AND CLOSE ABOVE THEIR RESPECTIVE 34 DAY EMA HAVING GAPPED UP ABOVE THEIR RESPECTIVE 21 DAY EMA WHICH MAY SEE SOME MORE RISE  AS LONG AS NIFTY DOES NOT FALL TO BREACH AND CLOSE BELOW THURSDAY’S OPENING GAP LOW OF 10227 SPOT & 10253 FUTURES, A FEW POINTS BELOW WHICH SHOULD BE THE STOP LOSS FOR ALL FRESH SWING LONGS. ONE MUST REMEMBER THAT THE PRESENT RISE IS JUST A RETRACEMENT RISE TO THE FALL FROM  2ND WAVE  HIGH OF 10631 SPOT & 10670 FUTURES WHICH WERE THE HIGHS OF 27TH FEB TILL 23RD MARCH LOWS OF 9952 SPOT & 10002 APRIL FUTURES.

ONCE NIFTY RISES TO BREACH AND CLOSE ABOVE THIS 2ND WAVE HIGHS OF 10631 SPOT & 10670 FUTURES, ONE CAN BE REASONABLY SURE THAT THE FALL FROM 29TH JAN LIFE TIME HIGHS OF 11171 SPOT TILL  23RD MARCH LOWS OF 9952 SPOT WAS JUST THE NORMAL  ‘ABC’ CORRECTION, OTHERWISE NIFTY WILL FALL AGAIN AFTER THIS RETRACEMENT RISE IS OVER TO MAKE MORE AND MORE NEW LOWS BELOW 23RD MARCH LOWS OF 9952 SPOT FOR SURE, AS PART OF THE CONTINUATION OF THE MEGA BEAR MARKET.

LAST TWO WEEKS HAD SEEN NIFTY MAKING WEEKLY HIGHS OF 10208 FOR THE TRUNCATED WEEK ENDING  28TH MARCH AND  10228 SPOT FOR ITS PREVIOUS WEEK ENDING  23RD MARCH. HENCE THIS WEEK’S CLOSING HIGH ABOVE BOTH THE BOTTOM MAKING EARLIER TWO WEEKS HIGHS WILL BE ANOTHER BULLISH SIGNAL TO  STRENGTHEN THE SWING LONGS INITIATED ON THURSDAY. ON THURSDAY, NIFTY HAS CLOSED AT THE 21 WEEKLY EMA HAVING EARLIER BREACHED THE 34 WEEKLY EMA AROUND 10233 SPOT.

 ALTHOUGH NIFTY IS STILL PART OF THE BEAR MARKET AS LONG AS DOES NOT RISE TO CLOSE ABOVE 27TH FEB HIGHS OF 10633 SPOT , THESE MICRO INDICATIONS MAY HELP THE LIMITED SWING LONGS INITIATED ON THURSDAY ABOVE WEDNESDAY’S HIGHS OF 10304 FUTURES DULY HEDGED BY WRITTEN CALLS OF 10500 AND 10400, WITH STOP LOSS BELOW THURSDAY’S GAP LOWS OF 10227 SPOT & 10253 FUTURES ON A CLOSING BASIS.

BEAR MARKET CORRECTIONS ARE SHARP  AND THEY GENERATE A FEELING EVERY TIME THAT BULL MARKET HAS RESUMED ONLY TO FALL AGAIN TO DISAPPOINT THE BUYERS. HENCE IT IS WISER NOT ONLY TO HAVE BUT  ALSO FOLLOW STRICT STOP LOSSES AND HEDGING FOR ALL NEWLY INITIATED LONGS TILL SUCH TIME THE MARKETS CONTINUE PROVE OTHERWISE BY RISING TO BREACH AND MORE IMPORTANTLY CLOSE ABOVE THE CRITICAL HIGHS OF 10633 SPOT SO AS TO BE CONFIRMED OF THE END TO THE DOWN SIDE CORRECTION AND RESUMPTION OF BULL MARKET. A RISE TO BREACH THE IMMEDIATE SWING HIGHS OF 10480 SPOT AND 10520 APRIL FUTURES MADE ON 13TH MARCH WILL BE THE INITIAL INDICATION OF  A FURTHER UP MOVE TO RETEST THE CRITICAL 10633 SPOT & 10670 APRIL FUTURES WHERE ONE SHOULD ACT FAST TO ADD MORE LONG POSITIONS.

A FAILURE TO RISE FURTHER AND CLOSE ABOVE BOTH 10480 SPOT AND 10520 FUTURES( WHICH SHOULD NORMALLY HAPPEN IN THIS BEAR MARKET) SHOULD BE THE INDICATION TO ACT FAST TO QUIT ALL SWING LONGS  AND INITIATE FRESH SHORTS, WRITE MORE AND MORE HIGHER CALLS AND START BUYING PUTS. MOST LIKELY IT WILL BE THE U.S MARKETS WHICH WILL GIVE THE BIGGEST JOLT TO RESUME THE BEAR MARKET (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TIME FRAME TECHNICAL INDICATIONS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR THURSDAY 5THAPR JUST IGNORE THE GAME PLAYED BY US FUTURES AND THEIR ACTUAL MARKETS TO INFLUENCE THE REST OF THE MARKETS. EARLIER IT WAS WITH NORTH KOREA TO INFLUENCE WORLD MARKETS AND NOW IT IS WITH CHINA. BE SURE U.S HAS TO BOW DOWN TO CHINA. IT ALREADY HAS RELAXED THE TARIFF RATES WITH MEXICO, CANADA, EU , S.KOREA AND AUSTRALIA. AFTER SOME MORE MARKET SWINGS IT WILL BOW DOWN TO CHINA ALSO IN A TRICKY AND FACE SAVING WAY TO FOOL EVERYONE. WHAT ONE HAS TO SEE AND ACT  IS THE TECHNICALS & CHARTS WHICH HAVE BEEN FORMED ON NIFTY & SENSEX AND NOT TO BE PLAYING MUSICAL CHAIR WITH US RHETORIC AND BE FOOLED EVERY TIME.

FROM 23RD MARCH LOWS OF 9952 SPOT, NIFTY MADE A RETRACEMENT RISE TILL 10280 SPOT BUT WHAT FOLLOWED AFTER THAT ON WEDNESDAY 4TH APRIL WAS BIG FALL  THAT FORMED  A MONSTER  RED CANDLE TO ENTIRELY ENGULF  TWO PREVIOUS DAYS GREEN CANDLES. THIS IS A HIGHLY BEARISH SIGNAL  TECHNICALLY TO MAKE NEW LOWS BUT AFTER SOME RETRACEMENT RISES AGAIN. AS REGARDS THE FUTURES, IT MADE THE LARGEST RED BODIED BEARISH ENGULFING  CANDLE OF THIS BEAR MARKET THAT STARTED FROM 29TH JAN  LIFE TIME HIGHS. EXPECT MUCH BIGGER FALLS THIS TIME AFTER DECEPTIVE PAUSES OR RETRACEMENT RISES  OR DOW INFLUENCED RISES TO TRAP BULLS AGAIN.

THE CLEAR DIVERGENCES IN CRITICAL INDICATORS MENTIONED YESTERDAY PLAYED ITS ROLE TO PULL NIFTY DOWN AND MORE DOWN SIDE IS VERY MUCH ON THE CARDS SUGGESTING THAT USE RISES OR DECEPTIVE  GAP UPS LIKELY TO COME BASED ON RHETORIC OF US, TO BOLDLY TRADE SHORT, WRITE HIGHER CALLS OF 10300, IN ADDITION TO EARLIER SHORTED 10500 AND 10400 CALLS. HOLD THE BOUGHT PUTS OF 10200, 10100 AND 10000 TO ADD MORE ON INTRADAY RISE OR ANY MORE DECEPTIVE RISE. THE SWING HIGH OF 10280 SPOT MADE ON WEDNESDAY CAN BE USED AS A STOP LOSS A FEW POINTS ABOVE IT ON A CLOSING BASIS.

NIFTY’S CLOSING AT 10119  SPOT NEAR THE LOW OF THE DAY OF 10111 SPOT, MUCH BELOW THE CRITICAL 200 DMA AROUND 10170 ALONG WITH MONSTER BEARISH ENGULFING DAILY CANDLE OF WEDNESDAY WITH THE HEAVIEST VOLUME IN LAST 5 DAYS COUPLED WITH NEGATIVE DIVERGENCES IN CRITICAL INDICATORS WHEN NIFTY MADE A RETRACEMENT HIGH OF 10280 SPOT & 10304 FUTURES  ARE ALL HIGHLY BEARISH SIGNALS SUGGESTING BRUTAL SHORTING ACTION ON EVERY RISE THAT IS LIKELY TO COME IN A DAY OR TWO.

FORGET WHAT HAPPENS TO DOW OR SGX NIFTY AND JUST FOCUS ON INDIAN MARKETS  WHICH IS HIGHLY BEARISH DUE TO ITS OWN INTERNAL PROBLEMS & SCAMS AND EVERY DECEPTIVE RISE WILL ENCOUNTER HEAVY SHORTING ACTION. THE HIGH MADE ON TUESDAY 4TH APRIL AT 10280 SPOT AND 10304  WILL REMAIN SWING HIGHS ABOVE WHICH SHOULD BE PLACED THE STOP LOSSES ON A CLOSING BASIS TO QUIT AND TAKE BIGGER SHORT POSITIONS LATER TO RIDE THE MEGA BEAR MARKET. BE READY FOR A SURPRISE FROM RBI GOVERNOR ALSO ON THURSDAY(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR WED 4TH APR THE RETRACEMENT RISE CONTINUED FOR THE 2ND DAY AND ALSO CLOSED ABOVE THE 200 DMA FOR THE 2ND DAY ATTRACTING MORE & MORE TRADERS INTO THE TRAP OF BUYING. SPOT NIFTY HAS TESTED THE 20 DMA AND HAS CLOSED EXACTLY ON IT. NIFTY ALSO HAS TESTED THE UPPER CHANNEL AND HAS CLOSED ABOVE IT MAKING IT A PERFECT TRAP FOR THE BULLS. PERHAPS WEDNESDAY MAY BE THE  LAST DAY OF THE RETRACEMENT RISE BEFORE THE DOWN SWING RESUMES. ALTHOUGH NIFTY HAS MADE A HIGH OF  10255 SPOT ABOVE BOTH 21ST AND 27TH FEB HIGHS YET IF ONE HAS A CLEAR LOOK AT THE CRITICAL INDICATORS LIKE MACD, DMI, STOCH AND RSI IN THE 30 MINUTE CHARTS , ONE CAN CLEARLY NOTICE DIVERGENCES IN ALL THESE INDICATORS  WHEN COMPARED WITH THE EARLIER INTRADAY HIGHS OF 27TH MARCH AND 2ND APRIL IN THE 30 MINUTE CHARTS OF BOTH SPOT AND FUTURES  SUGGESTING THAT THE DOWN SWING IS NOT VERY FAR OFF.

AT THIS JUNCTURE ONE CAN START TO WRITE CALLS OF 10500 AND 10400 IF NOT STARTED ON TUESDAY AND ALSO USE INTRADAY RISES  OR GAP UP RISES  TO  SELL NIFTY FUTURES GRADUALLY AS SWING SHORTS  AND ADD SHORT ON EVERY 75 TO 100 POINT RISE WITH STOP LOSS ABOVE 27TH  FEB HIGHS OF 10480 SPOT. THE PREMIUMS OF 10500 & 10400 WRITTEN CALLS WILL PROVIDE NECESSARY HEDGE TO THE FRESH SWING SHORTS. SIMILARLY RISES CAN BE USED TO BUY LOWER PUTS. A FALL BELOW TUESDAY’S LOWS OF 10170 SPOT & 10206 FUTURES ( WHICH WILL NOT HAPPEN NOW)CAN BE USED TO ADD MORE SWING SHORTS BY HAVING STOP LOSSES ABOVE 10480 SPOT ON A CLOSING BASIS. THE BEST TRADE FOR THE TIME BEING IS SHORTING HIGHER CALLS OF 10400 AND 10500 THAN INITIATING SWING SHORTS.(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR TUESDAY 3RDAPR AS WAS EXPECTED NIFTY DISPLAYED A RETRACEMENT RISE TO THE BIG FALLS AND IN A DAY OR TWO THE RETRACEMENT RISE SHOULD END TO RESUME THE BEAR RUN TOWARDS MUCH LOWER LEVELS. SWING TRADERS MAY WAIT FOR A BIT OF FURTHER RISE TOWARDS 10300 FUTURES TO INITIATE FRESH SWING SHORTS. ALSO A SLIDE TO BREACH AND STAY BELOW 200 DMA CAN BE USED TO INITIATE FRESH SWING SHORTS. IN ANY CASE EVERY RISE LIKE ONE SAW ON MONDAY SHOULD BE BOLDLY USED TO WRITE HIGHER CALLS OF 10400, 10300 AND BUY PUTS OF 10100 AND EVEN 10000.

LIKE SOME OF THE EARLIER YEARS, MANY ARE UNDER THE IMPRESSION THAT THIS APRIL ALSO WILL BE A BULLISH APRIL BUT ONLY TO BE DISAPPOINTED TO FIND THAT THIS APRIL ALSO WILL BE A NEGATIVE MONTH & AFTER THE RETRACEMENT RISE IS OVER ONE WILL SEE MEGA FALLS. SO USE RISES TO WRITE HIGHER CALLS OF 10400 & 10500. AFTER A DAY OR TWO NIFTY SHOULD CRASH TO BREACH AND CLOSE BELOW THE 200 DMA AGAIN.DOW LOOKS HIGHLY VULNERABLE TO BREACH AND CLOSE BELOW ITS 200 DMA SHORTLY TO SEE REST OF THE WORLD MARKETS CRASHING AS PART OF THE 3RD DOWN WAVE. FOR NIFTY FALL TO   BREACH AND STAY BELOW 10090 SPOT AND 10133 FUTURES CAN SEE BIGGER CRASH. .(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR MON 2ND APR MARCH MONTH SAW NIFTY MAKING A LOW OF 9952 SPOT TO CLOSE THE MONTH AT 10113 MUCH BELOW ITS PREVIOUS MONTH FEB LOWS OF 10276 SPOT. THESE ARE CLEAR BEARISH SIGNALS ON THE LONG TERM BASIS AND ANY RETRACEMENT RISE IN APRIL WILL  ENCOUNTER HEAVY SHORTING TO SEE MARCH MONTH LOWS OF 9952 BEING RETESTED AND BREACHED. ALL OUR SUBSCRIBERS AND READERS WHO HAVE BOOKED COMPLETE PROFIT ON ALL THEIR SWING SHORTS ON 28TH MARCH TO START FRESH POSITIONS FROM NEW ACCOUNTING YEAR SHOULD WAIT FOR SOME RETRACEMENT RISE  TO RE ENTER SWING SHORTS BY HAVING STOP LOSS ABOVE 13TH MARCH SWING  HIGHS OF 10478 SPOT ON A CLOSING BASIS FOR MUCH LOWER LEVELS DURING THE COMING 3 MONTHS APRIL—JUNE.

DURING THE MONTH OF APRIL ALL EFFORTS WILL BE MADE TO AGAIN LIFT NIFTY TO CLOSE ABOVE THE CRITICAL 200 DMA, FLOATING AROUND 10180 TO 10200 SPOT & 10260 FUTURE LEVELS. A BREACH OF 200 DMA FOLLOWED BY FURTHER RISE TO CLOSE ABOVE  21ST MARCH SWING HIGHS OF 10227 SPOT AND 10298 FUTURES TO TRY AND MOVE UP FURTHER TOWARDS THE DOWN SLOPPING 30 MINUTE CHANNEL HIGHS OF 10244 SPOT AND 10333 FUTURES. A DECISIVE BREACH TO STAY ABOVE THIS CRITICAL LEVEL OF 10227  TO 10244 SPOT AND 10300 TO 10333  FUTURES CAN PROPEL NIFTY TOWARDS MUCH HIGHER LEVELS OF 13TH MARCH SWING HIGHS OF 10478 SPOT & 10519 FUTURES..

NOW WITHOUT ANY POSITIONS TO START THE NEW ACCT YEAR ON A FRESH NOTE, SWING TRADERS SHOULD WAIT FOR SOME RISE (IF AT ALL IT RISES) THEN TO INITIATE FRESH SWING SHORT POSITIONS IN NIFTY, WRITE 10400  & 10500 CALLS AND BUY PUTS OF 10300, 10200 & EVEN 10100 PUTS ON NIFTY RISE ONLY. A FAILURE TO RISE TOWARDS ABOVE LEVELS OR IF NIFTY FAILS TO CLOSE ABOVE THE 200 DMA AFTER BREACHING IT, THEN ONE CAN ALSO INITIATE FRESH SWING SHORTS WITH STOP LOSS ABOVE 10227 SPOT AND 10300 FUTURES ON A CLOSING BASIS TO QUIT AND PREPARE FOR INITIATING BIGGER SHORTS AT HIGHER LEVELS.

SHORT TERM TRADERS CAN EVEN TRADE LONG, SHOULD THEY FIND NIFTY SPOT BREACHING &  MORE IMPORTANTLY  STAYING ABOVE 10233 SPOT & 10300 FUTURES  FOR VERY GOOD SHORT TERM GAINS BUT ONLY TO BOOK PROFIT TO RE ENTER MEGA SHORTS AT HIGHER LEVELS TO RIDE THIS MEGA BEAR MARKET AGAIN. IF INSTEAD OF RISING OR AFTER A HALF HEARTED OR LUKEWARM RISE NIFTY STARTS FALLING  TO MAKE LOWER 30 MINUTE CLOSING LOWS THEN ONE CAN FORGET LONGS AND STRAIGHTWAY ENTER FRESH SHORTS.(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR WED 28THMAREXPIRY DAY, HENCE AVOID FRESH TRADE ON MARCH SERIES, ONLY BOOK PROFIT ON THE EARLIER BRUTALLY SHORTED 10300 & 10200 CALLS  AND TIMELY SHORTED 10000 AND 9900 PUTS LAST WEEK. AVOID TRADING IN MARCH FUTURES BUT CAN USE RISES TO WRITE APRIL SERIES 10300 CALLS TRADING AROUND 120 OR HIGHER ON  WEDNESDAY TO POCKET THE ENTIRE PREMIUM ON THIS 10300 CALLS IN APRIL. IN CASE NIFTY RISES THEN BOLDLY SHORT 10400 APRIL CALLS ALSO.

INTRADAY TRADERS WANTING TO TRADE  ON THE EXPIRY DAY CAN TRADE 10100 CALLS AND 10200 PUTS OF MARCH SERIES INSTEAD OF FUTURES. A RISE TOWARDS TUESDAYS HIGHS OF 10210 FUTURES OR A FAILURE TO BREACH IT CAN BE USED TO BUY VERY LIMITED QUANTITY OF 10200 PUTS TO GAIN ON MARKET DECLINES WITH A STOP LOSS A FEW POINTS ABOVE TUESDAY’S HIGHS. ALSO RISES CAN BE USED TO WRITE APRIL SERIES 10300 CALLS IN A LIMITED QUANTITY, WITH THE BULK SHORTING  BE PRESERVED FOR APRIL MONTH.

AVOID HEAVY TRADING AND ENJOY THE LONG WEEKEND TO CERTAINLY SEE APRIL MONTH TESTING AND BREACHING MARCH MONTH LOWS OF 9950 SPOT FOR MUCH LOWER LEVELS WITH SMALL SMALL RETRACEMENT RISES TO BRING IN THE BULLS TO BE TRAPPED WHEN THE MARKET CRASHES.

 MARKETS FOR TUESDAY 27THMAR AFTER MASSIVE FALLS DURING LAST WEEK FROM A WEEKLY HIGH OF 10227 SPOT TO A WEEKLY LOW OF 9952 SPOT, NIFTY SHOWED A RETRACEMENT RISE STRONGLY BACKED BY DOW FUTURES. THIS RISE MAY SPILL OVER FOR A DAY OR TWO MORE BEFORE THE MEGA SHORTS RESUME AGAIN EITHER FROM THE EXPIRY DAY ITSELF OR FROM APRIL.

THE MONSTER GREEN CANDLE OF MONDAY MOSTLY GENERATED BY SHORT COVERING IF CONTINUES ON TUESDAY,  MAY RISE TOWARDS  21ST MARCH SWING HIGH OF 10227 SPOT AND 10266 FUTURES TO TAKE OUT WEAKER HANDS. NOW ALL SWING SHORT HOLDERS MAY HAVE STOP LOSS ABOVE THESE LEVELS BUT ON A CLOSING BASIS TO BE READY FOR DOUBLE OR TRIPLE SHORTS FROM  10300 & FROM THE EARLIER 13TH MARCH  SWING HIGH OF 10478 SPOT. MOST LIKELY THESE SHORT COVERING & DOW FUTURES AFFECTED RISE IN INDIAN MARKETS WILL DIE OUT AROUND THE 200 DMA AROUND 10170 SPOT / 10200 FUTURES  OR 10227 SPOT / 10266 FUTURES.

AS PER ELLIOTT  WAVE, THE 1ST DOWN WAVE STARTED FROM LIFE TIME HIGHS OF 11171 SPOT. THE 1ST DOWN SUB WAVE WENT DOWN TILL 6TH FEB LOWS OF 10276. THE 2ND UP SUB WAVE IN THE FORM OF A 3,3,5 FLAT WENT UP TILL 27TH FEB HIGHS OF 10631 SPOT.THE 3RD DOWN SUB WAVE STARTED FROM 10631 AND HAS SO FAR COMPLETED 1ST DOWN SUB SUB WAVE TILL 7TH MARCH LOWS OF 10141, 2ND UP TILL  13TH MARCH HIGH OF 10478 AND THE 3RD DOWN WAVE TILL  23RD MARCH LOWS OF 9952 SPOT. DONT EXPECT NIFTY TO MOVE UP TO CLOSE ABOVE THE 30 MINUTE CHANNEL HIGH OF 10300 TO 10333 SPOT.

NOW NIFTY IS IN THE PROCESS OF FORMING THE 4TH WAVE FLAT, THAT MAY TAKE IT TOWARDS 21ST MARCH HIGHS OF 10227 OR HIGHER LEVELS OR NIFTY MAY EVEN  FIZZLE OUT BEFORE 10227 SPOT  TO START THE 5TH DOWN WAVE TO BREACH  23RD MARCH LOWS OF 9952 SPOT. SO BE READY TO BRUTALLY SHORT IN CASE NIFTY RISES ABOVE 21ST MARCH SWING HIGH OF 10227.

 IF ONE LOOKS AT THE 30 MINUTE CHART OF NIFTY, ONE CAN EASILY SEE THE 3RD SUB WAVE DOWN WAVES SPECIALLY FROM 27TH FEB 2ND SUB WAVE HIGHS OF 10631 SPOT TILL  23RD MARCH LOWS OF 9952 SPOT WITHIN A COPY BOOK SLOPPING CHANNEL. EACH OF THESE DOWN WAVES ARE COPY BOOK 5 SUB WAVES WITH THE UP WAVE  FROM 7TH MARCH LOWS OF 10146 TILL 13TH MARCH HIGHS OF 10478 BEING A ‘ABC’ ZIG ZAG. SO, EVEN IF NIFTY BREACHES 10227 THEN IT CAN GO TILL THE UPPER CHANNEL TO MEET IT AROUND 10300 TO 10333 SPOT TO MEET WITH HEFTY BEARS AGAIN.

AS REGARDS TRADING TILL EXPIRY IS CONCERNED, TRADE LESS AND AVOID FUTURES OF CURRENT MONTH AND USE RISES TO MERCILESSLY SHORT APRIL MONTH HIGHER CALLS ENJOYING THE LUXURY OF HEFTY PREMIUMS. FOR TRADING THIS MONTH, AVOID FUTURES AND TRADE ‘IN THE MONEY OPTIONS’ WHICH  GENERALLY WILL MOVE LIKE FUTURES. TRADE VERY  LESS  WITH LIMITED QUANTITY TILL EXPIRY AND PRESERVE ENERGY AND CAPITAL TO MERCILESSLY TRADE SHORT IN APRIL SERIES AFTER THE LONG HOLIDAYS.

ONE SWING SHORT HOLDERS CAN  EVEN HAVE  STOP LOSS FOR ALL SWING SHORTS  ABOVE 10480 BECAUSE  THAT IS MUCH ABOVE THE DOWN SLOPPING CHANNEL AND IS THE SWING HIGH OF 13TH MARCH. OR HAVE STOP LOSS ABOVE 10250 SPOT ON A CLOSING BASIS TO WAIT FOR DOUBLE SHORTS IN CASE RISES TOWARDS THE UPPER CHANNEL AROUND 10333 SPOT ON A CLOSING BASIS.

REMEMBER WE ARE  INTO A MEGA BEAR MARKET  AND THESE RETRACEMENT RISES ARE TRAPS TO ALLURE PEOPLE INTO BUYING AND HOLDING MODE TO BE MASSACRED LATER. ONLY WHEN NIFTY RISES TO CLOSE HIGH ABOVE 27TH FEB HIGH OF  10633 SPOT THEN ONLY ONE MAY CONSIDER THAT THIS FALL WAS A CORRECTION OTHERWISE WE ARE IN A BEAR MARKET FOR MUCH MUCH LOWER LEVELS.

 

MARKETS FOR MONDAY 26THMAR BEAR MARKET CONTINUES AND WILL CONTINUE TILL SOME LEFT OVER BULLS WHO PERIODICALLY  COME ON THE FINANCIAL CHANNELS TO FOOL EVERYONE BY SAYING THAT THIS IS CORRECTION TO THE BULL MARKET, COMPLETELY VANISH FROM THE SITE OR THEY THEMSELVES COME IN THE FINANCIAL CHANNELS TO SAY THAT  IT WAS A MISTAKE ON THEIR PARTS TO HAVE MISJUDGED THE MARKETS. SAME THING HAD HAPPENED IN 2000 AND 2008 BEAR MARKETS & WILL HAPPEN THIS TIME ALSO.

NIFTY HAS ALREADY BREACHED THE NECK LINE OF THE HEAD & SOLDER WITH LEFT SOLDER FORMED BY THE LOWS OF 12TH OCTOBER 2017 & 6TH DECEMBER 2017. THE RIGHT SOLDER WAS FORMED BY THE LOWS OF 7TH AND 16TH MARCH & THE NECK LINE AROUND  10166 SPOT GOT BREACHED ON  22ND MARCH FOLLOWED BY THE MONSTER GAP DOWN OF 23RD MARCH . REMEMBER, NEVER EVER IN ONE’S TRADING CAREER ONE WILL SEE A COPY BOOK HEAD & SOLDER IN THE BAR CHART OR CANDLE CHARTS, BUT THE CLOSING LINE CHARTS GIVE A MUCH CLEARER VIEW OF THE HEAD & SOLDER. THE HEIGHT OF THIS HEAD & SOLDER FROM THE LIFE TIME HIGH OF 11171 SPOT TO THE POINT ON THE NECK LINE VERTICALLY BELOW IT IS AROUND 1000 POINTS WHICH WHEN COUNTED FROM THE 22ND MARCH NECK LINE BREACH POINT OF 10166 SPOT SHOULD EASILY SEE 9166 SPOT IN QUICK TIME.

ON THE PROCESS OF THIS FALL TOWARDS THIS H & S TARGET, BIGGER HEAD & SOLDER FORMATIONS WOULD HAVE BEEN FORMED FOR MUCH LOWER LEVELS OF THIS BEAR MARKET. DURING THE CRASH NIFTY MAY FIND STRONG SUPPORT AROUND 9686 SPOT ON THE NECK LINE FORMED BY THE LOWS OF  11TH AUGUST 2017 AND  28 SEPT 2017 WHICH WILL FORM LEFT SOLDER OF ANOTHER BIGGER H & S FORMATION. A BOUNCE FROM AROUND THIS NECK LINE TO FALL & BREACH IT AGAIN WILL FORM THE RIGHT SOLDER OF A MUCH BIGGER HEAD &SOLDER FORMATION THAT SHOULD SEE NIFTY AROUND 8000 OR LOWER  LEVELS AROUND OCTOBER 2018. REAL DEVASTATING FALL WILL START AFTER NIFTY BREACHES AND HAS A WEEKLY CLOSE BELOW 8686 & BE SURE TO SEE THESE LEVELS IN 2018 ITSELF MAY BE IN OCTOBER OR EVEN BEFORE IT.

THE WEEKLY CHARTS OF NIFTY LOOKS DEADLY FOR MUCH BIGGER FALLS THAT HAS STARTED FROM 27TH FEB HIGHS OF 10631 AS PART OF THE 3RD DOWN SUB WAVE OF THE 1ST MAJOR DOWN WAVE AS PER ELLIOTT WAVE. NIFTY HAVING ALREADY BREACHED THE WEEKLY 50 WMA WILL STRAIGHT HEAD FOR THE 100 WMA AROUND 9277 FOLLOWED BY THE 200 WMA AROUND 8650 SPOT LEVELS. HOWEVER BEFORE NIFTY REACHES THESE IMPORTANT LEVELS, THERE WILL BE MANY RETRACEMENT RISES TO INDUCE A FEELING THAT THE DOWN SWING IS OVER AND BULL MARKET WILL RESUME. MANY TRAPPED ANALYSTS WILL COME IN THE FINANCIAL CHANNELS TO THROW THEIR BULLISH VIEWS ONLY TO TRAP NOT ONLY THEMSELVES BUT ALSO NOVICE INVESTORS WHO WILL AGAIN ENTER BUY MODE TO LOSE ALL THEIR HARD EARNED MONEY.

ALL SWING SHORT HOLDERS SHOULD CONTINUE TO HOLD SHORTS AND ADD SHORTS ON RISE WITH STOP LOSS NOW BEING ABOVE 10233 SPOT ON A CLOSING BASIS. WITH HOLIDAYS ON THURSDAY AND FRIDAY THESE THREE DAYS TILL EXPIRY DAY OF WEDNESDAY WILL BE FULLY USED BY BIG PLAYERS TO OFF LOAD THEIR LTCG HEADACHES. SO, EXPECT MUCH BIGGER FALLS DURING THESE 3 TRADING DAYS BEFORE MARKET OPENS ON 2ND OF APRIL FOR ANOTHER BOUT OF MASSACRE .     (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR FRIDAY 23RD MAR  AFTER TWO DAYS OF PAUSE & MILD RETRACEMENT RISES BEARS TOOK CHARGE AND THE BEARS WILL CONTINUE TO REMAIN THE BOSS OF NIFTY FOR NEXT FEW DAYS. BULLS TRIED THEIR BEST TO PULL NIFTY UPWARDS TO CLOSE ABOVE THE 200 DMA BUT FAILED ON BOTH THE DAYS. EVEN ON THURSDAY MANY ATTEMPTS WERE MADE BY THE BULLS TO PULL NIFTY ABOVE THE 200 DMA AFTER IT SLEPT BELOW IT FOLLOWING THE INITIAL HOURLY RISE TILL 10207 SPOT & 10237 FUTURES BUT ALL THESE ATTEMPTS TO RIDE PAST THE 200 DMA FAILED BECAUSE MOST OF THE BEARS HAD ALREADY INITIATED HEFTY SHORT POSITIONS AROUND 10200 NIFTY FUTURES AND ADDED SHORTS ON BREACH OF 200 DMA AROUND 10190 FUTURE LEVELS.

HENCE FORTH  EVERY  RISE OF NIFTY TOWARDS THURSDAY’S HIGHS OF  10207 SPOT & 10237 FUTURES SHOULD BE ACCEPTED AS A GOD SENT OPPORTUNITY TO MERCILESSLY SHORT NIFTY FUTURES AND 10200 CALLS WITH STOP LOSS ABOVE WEDNESDAY 21ST MARCH HIGHS OF 10227 SPOT AND 10266 FUTURES BUT ONLY ON A CLOSING BASIS. HAVING MADE A LOWER HIGH, LOWER LOW AND A BAD LOWER CLOSING ON THURSDAY, THERE IS NO REASON LEFT WITH THE TRADERS TO EVEN THINK OF GOING LONG.

 LOOK FOR SHORT COVERING RISES OR RISES DUE TO ANY OTHER REASON( THERE ARE PLENTY OF MYSTERIOUS REASONS BY THE WAY) TO TRADE SHORT, BUY DEEP IN THE MONEY PUTS TO PROTECT THE  LOWER OUT OF THE MONEY WRITTEN PUTS  AND MORE IMPORTANTLY DOUBLE SHORT 10200 CALLS HAVING ALREADY WRITTEN 10300 CALLS ON THURSDAY. STOP LOSS FOR ALL SWING SHORT HOLDERS BE BROUGHT DRASTICALLY DOWN FROM 10480 TO 10230 SPOT & 10266 FUTURES ON A CLOSING BASIS.

LAST WEEK NIFTY HAD A WEEKLY CLOSING AROUND  10195 SPOT & 10232 FUTURES. ONE SHOULD BE ABSOLUTELY SURE THAT NIFTY’S THIS WEEK’S  WEEKLY CLOSING CAN NOT BE ABOVE LAST WEEK’S CLOSING AND ONE SHOULD NOT BE SURPRISED TO SEE THIS WEEK’S CLOSING MAY BE BELOW LAST WEEK’S LOWS OF 10180 SPOT AND 10197 FUTURE  SO AS TO OPEN THE FLOOD GATES FOR MUCH BIGGER FALLS DURING THE TRUNCATED EXPIRY WEEK. SO, THE TRADING METHOD FOR FRIDAY 23RD MARCH SHOULD BE SHORT EVERY RISE AND IN CASE BY MISTAKE NIFTY RISES AND STAYS ABOVE THE 200 DMA AROUND 10190 FUTURES THEN LOOK FOR SOME MORE RISE TO ADD ON TO THE SHORTS. HAVE STOP LOSS ABOVE 10266 FUTURES & 10227 SPOT TO QUIT SHORTS OTHERWISE CARRY SHORTS FOR NEXT WEEK .

FOR INTRADAY TRADING ON FRIDAY, EXPECT A GAP DOWN IN CASE DOW CONTINUES TO DISPLAY HIGHLY NEGATIVE NUMBERS. THE GOLDEN LEVEL FOR FRIDAY TO QUIT SHORTS AND TRADE INTRADAY LONG IS THE CRITICAL 10190 FUTURES, A CLOSER OF A 30 MINUTE CANDLE ABOVE 10190 FUTURES CAN TRIGGER SHORT COVERING FOR HIGHER LEVELS TOWARDS  10210 FOLLOWED BY THURSDAYS HIGHS WHERE MONSTER SHORTING MAY BE UNDERTAKEN FOR A FAVORABLE LOWER WEEKEND CLOSE.

SAFE INTRADAY TRADERS CAN QUIT SHORTS IN CASE NIFTY FUTURES MANAGES TO BREACH AND STAY ABOVE 10150, THAT MAY PROPEL NIFTY FUTURES TOWARDS THE GOLDEN LEVEL OF 10190 TO 10200 FUTURES WHERE BEARS WHO HAD BEEN GRADUALLY SHORTING FROM LOWER LEVELS MAY SUDDENLY INCREASE THEIR SHORTINGS BY MANY FOLDS TO ADD ON TO THEIR SWING SHORTS INITIATED ON BREACH OF 200 DMA .BEARS NEED NOT WORRY AT ALL AS LONG AS NIFTY DOES NOT RISE TO CLOSE A 30 MINUTE CANDLE ABOVE THE 200 DMA LEVEL OF 10190 FUTURES.

 

 MARKETS FOR THURSDAY 22NDMAR  AS WAS MENTIONED YESTERDAY, NIFTY WENT UP EVEN AFTER OPENING GAP UP. NIFTY TESTED INTRADAY HIGHS OF 10227 SPOT AND 10266 FUTURES BY 10.30 AM & WAS FOLLOWED BY PROFIT BOOKING & HEAVY SHORTING  THAT PULLED IT DOWN TOWARDS THE 200 DMA AROUND 10165 SPOT & 10180 FUTURES. DOWN SIDE RE BREACH OF THESE CRITICAL LEVELS PULLED NIFTY DOWN TOWARDS DAY LOWS OF 10133 SPOT & 10148 FUTURES TO BOUNCE BACK TOWARDS THE 200 DMA AGAIN TO HAVE A DECEPTIVE CLOSE VERY NEAR IT TO MAKE IT A DAY OF HIGHER HIGH, HIGHER LOW AND HIGHER CLOSING THUS GIVING HOPES FOR THE BULLS TO HAVE ANOTHER DAY OF RISE SIMILAR TO WEDNESDAY.

ON TUESDAY 20TH MARCH, NIFTY HAD MADE A HIGH OF 10155 SPOT  AND ON WEDNESDAY 21ST MARCH NIFTY MADE A HIGH AT 10227 SPOT, ALTHOUGH FELL THEREAFTER BUT MANAGED TO CLOSE AT 10156 JUST ABOVE THE HIGHS OF TUESDAY THAT MAKES IT LOOK BULLISH TECHNICALLY TO AT LEAST TRY FOR A RETEST THE WEDNESDAY’S HIGHS OF 10227 SPOT & 10266 FUTURES ON THURSDAY ALSO. A RISE INITIALLY TO CLOSE A CANDLE ABOVE THE 200 DMA AROUND 10165 SPOT & 10185 FUTURES MAY TRIGGER SHORT COVERING THAT MAY PROPEL NIFTY TOWARDS WEDNESDAY’S HIGHS. WHETHER NIFTY SUSTAINS ABOVE THESE HIGHS HAS TO BE SEEN.

FOR INTRADAY TRADING OF NIFTY FUTURES ON THURSDAY, INITIAL STRENGTH COMES IN CASE FUTURE MANAGES TO BREACH AND STAY ABOVE 10215 THAT WILL TRIGGER GOOD SHORT COVERING TO PROPEL NIFTY TOWARDS  WEDNESDAY’S HIGHS. AFTER THE RISE OR ANY TIME DURING THE DAY A FALL TO BREACH AND STAY BELOW THE 200 DMA AROUND 10185 TO 10180 FUTURE ZONE CAN MAKE IT WEAK TO SEE A SIMILAR TO  WEDNESDAY TYPE FALL TOWARDS WEDNESDAY’S LOWS OF 10148 FUTURES, BREACHING AND MORE IMPORTANTLY STAYING BELOW WEDNESDAY’S LOWS OF 10148  CAN CERTAINLY SEE MUCH BIGGER FALLS TOWARDS 10100 OR LOWER FUTURE LEVELS.

WITH EXPIRY APPROACHING, ONE SHOULD USE RISES IN NIFTY TOWARDS PREVIOUS DAY’S HIGHS TO WRITE HIGHER CALLS OF 10350 AND 10400 AND DECLINES CAN BE USED TO WRITE LOWER PUTS OF 10050 AND 10000  TO POCKET THE HEFTY PREMIUM ON THESE CALLS & PUTS. ALTHOUGH NOT YET CONFIRMED TECHNICALLY, YET THERE ARE ENOUGH EVIDENCES OF A REASONABLY GOOD RETRACEMENT RISE BEFORE THE EXPIRY IN CASE NIFTY MANAGES TO STAY ABOVE THE CRITICAL 200 DMA AND MORE IMPORTANTLY CONTINUE TO BREACH AND CLOSE ABOVE PREVIOUS DAY’S HIGHS.

 

MARKETS FOR WED 21ST MAR NIFTY MADE A LOWER LOW, LOWER HIGH AND A FACE SAVING HIGHER CLOSE AFTER FOUR CONSECUTIVE DAYS OF LOWER HIGHS AND LOWER CLOSINGS. ON TUESDAY 20TH MARCH, BOTH NIFTY SPOT AND NIFTY FUTURES WENT UP EXACTLY TILL THE RISING 200 DMA AND FELL FROM THERE. THE MILD RISE MAY CONTINUE ON WEDNESDAY ALSO TO TRAP BUYERS  FROM THURSDAY & FRIDAY ONWARDS WHEN LTCG WITHDRAWALS FROM BIG PLAYERS WILL BE IN FULL SWING THAT MAY CONTINUE TILL END MARCH.

JUST WAIT PATIENTLY FOR A DAY OR TWO TO BOLDLY ADD SHORTS AND PUTS OF APRIL SERIES HAVING BOOKED ALL SHORTS AND PUTS ON TUESDAY 20TH MARCH. ON WEDNESDAY ANOTHER ATTEMPT WILL BE MADE TO SHOOT PAST THE 200 DMA SO THAT NIFTY CAN BE AT A RESPECTABLE LEVEL FOR THE BIG PLAYERS TO GET OUT OF THEIR LTCG AFFECTED HOLDINGS  WITHOUT WAITING FOR END MARCH.

FOR INTRADAY TRADING ON WEDNESDAY, EXPECT A +VE OPENING TO ENCOUNTER SOLID SHORTING THERE AFTER AND SHORTING TO CONTINUE IN STAGES AROUND THE 200 DMA LEVELS  OF 10185 TO 10195 FUTURES. A RISE TO STAY ABOVE THIS ZONE MAY FRIGHTEN RETAIL TO BOOK WHATEVER PROFIT THEY CAN MUSTER ON THEIR OLD SHORTS AND PUTS & WAIT FOR SUITABLE OPPORTUNITY TO ENTER DOUBLE SHORTS AND PUTS TO BENEFIT TOWARDS THE LATER PART OF THE DAY OR FROM THURSDAY/FRIDAY.

AFTER THE RISE A SLIDE BELOW 10130 TO 10125 FUTURE ZONE CAN SEE BIGGER SHORTS BEING EXECUTED FOR LOWER LEVELS TOWARDS 10100 FOLLOWED BY TUESDAY’S LOWS OF 10078 TO 10070 FUTURE ZONE BELOW WHICH MUCH LOWER LEVELS TOWARDS 10050 OR LOWER CAN BE EXPECTED DUE TO PANICKY SELLING. IN BEAR MARKETS WE ARE IN, AFTER A FEW DAYS OF FALLS A RETRACEMENT RISE FOR  TWO TO THREE DAYS  OFFERS THE BEST OPPORTUNITY TO THE TRADERS TO ADD MORE SHORTS AND PUTS TO RIDE THE NEXT FALL.

 

MARKETS FOR TUESDAY 20THMAR BEAR MARKET IN FULL SWING. USE SLIGHTEST AMOUNT OF RISE TO TRADE SHORT. HOLD ALL SWING SHORTS AND BOUGHT PUTS ADD MORE ON MARKET RISE. UNIMAGINABLE LOWER LEVELS WILL BE REACHED BY NIFTY AND BANK NIFTY IN MARCH AND FUTURE MONTHS.

MARKETS FOR MONDAY19THMAR BEAR MARKET CONTINUES AND WILL CONTINUE WITH MINOR RISES IN BETWEEN TO FOOL EVERYONE BY INDUCING  A FEELING THAT IT WAS A BULL MARKET CORRECTION AND THAT CORRECTION IS OVER AND THE BULL MARKET HAS RESUMED. IT IS THE TYPICAL STORY OF EVERY MAJOR BEAR MARKET WHETHER IT WAS 1092 APRIL TO 98 JUNE BEAR MARKET OR 2000 FEB TO 2003 APRIL BEAR MARKET OR 2008 JAN TO 2008 OCTOBER BEAR MARKET THE STORY WILL BE THE SAME EVERY TIME & WITH THE ONLY DIFFERENCE THIS TIME BEING ,THIS BEAR MARKET MAY BE A SLOW POISON TYPE SIMILAR TO 1992 TO 1998 OR 2000 TO 2003 BEAR MARKETS.

LOOK FOR  DECEPTIVE RISES AS ONE SAW BETWEEN 8TH MARCH TO 13TH MARCH TO ADD ON TO THE SWING SHORTS  OR BRUTALLY ENTER SHORTING MODE IN RETRACEMENT RISES IF NOT DONE ALREADY. THIS BEAR MARKET WILL GIVE  THE BEST GAINS OF THIS ENTIRE LIFE. THE DECEPTIVE SWING HIGH OF 13TH MARCH AROUND 10480 SPOT CAN BE USED TO HAVE STOP LOSSES A FEW POINTS ABOVE 10480 SPOT ON A CLOSING BASIS  FOR ALL TYPES OF SHORTS TO REVERSE AND GO LONG TO RESUME SHORTING MODE AGAIN NEARER TO 10600 SPOT.

THE WEEKLY CHARTS LOOK EXTREMELY VULNERABLE FOR MORE FALLS  WITH ALL INDICATORS DEPICTING SELL SIGNALS. SO, A DAY OR TWO OF MILD RISE OR EVEN A PAUSE WILL BE FOLLOWED BY BIG FALLS AS ONE SAW ON THURSDAY AND FRIDAY. HAVING DECISIVELY BREACHED THE WEEKLY 21 & 34 MOVING AVERAGES FOR TWO CONSECUTIVE WEEKS, NIFTY NOW WILL LOOK FOR SOME SUPPORT AROUND THE 50 WEEKLY MA CAMPING AROUND 10000 SPOT LEVELS. AFTER A FEW DAYS DECEPTIVE RISES NIFTY WILL PIERCE THIS 50 WEEKLY MA AND LOOK FOR THE 100 &  200 WEEKLY MOVING AVERAGES DIGGING HIDING HOLES AROUND 9250 AND  8650 RESPECTIVELY. THIS 200 WEEK MA WAS BREACHED IN AUGUST 2013 AND MARCH 2016 BUT BOTH THE TIMES NIFTY BOUNCED FROM IT BECAUSE BULL MARKET WAS IN FULL FORCE. SO, FOR NEXT FEW DAYS EXPECT THE RETEST OF 10000 OR NEAR LEVELS FIRST BEFORE DIVING FURTHER DOWN.

ON 5TH MARCH NIFTY HAD BREACHED THE EARLIER SUPPORT LINE AROUND 10300 SPOT AND MADE A LOW OF 10141 ON THE 200 DMA. AS WAS PREDICTED THE 200 DMA SPRING ACTION BOUNCE LIFTED NIFTY TO SHOOT PAST THE SUPPORT LINE  CONVERTED INTO A RESISTANCE LINE AROUND 10300 TO REACH TILL 10478 ON  13TH MARCH TO FIND HEFTY BEARS THERE WHO BRUTALLY SHORTED NIFTY THAT SHUNTED IT PAST THE SUPPORT LINE OF 10300 TO MAKE A WEEKLY LOW AROUND 10180 TO CLOSE AROUND 10195 SPOT ON FRIDAY 16TH MARCH.

WITH CONFLUENCE OF NEGATIVE EVENTS PECULIAR TO INDIA SPECIFIC, ONE SHOULD NOT BE SURPRISED TO SEE MEGA FALLS RESUMING DURING THE COMING WEEK TO DIVE PAST THE SHIVERING 200 DMA AROUND 10150/10160 TO HAMMER A DEATH BLOW TO THE EARLIER LOW OF 10141 SPOT TO RUN TOWARDS PSYCHOLOGICAL LEVEL OF 10000 SPOT DURING THE COMING WEEK AS LTCG WITHDRAWALS, MORE BANKING FRAUD NEWS AND OTHER POLITICAL HARASSMENTS GATHER MOMENTUM. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR FRIDAY16THMAR NIFTY MADE A LOWER HIGH, HIGHER LOW AND A LOWER CLOSING. SINCE NIFTY MADE A DAY LOW TOWARDS THE END SESSION AND CLOSED NEAR THE DAY LOW BE ABSOLUTELY SURE TO SEE RISE IN NIFTY DURING INITIAL PART OF THE DAY INFLUENCED BY DOW WHICH AFTER 3 CONSECUTIVE DAYS OF FALLS FROM MONDAY, HAS TO RISE TO NIGHT. SIMILARLY SGX WILL BE UP IN THE MORNING TO SEE NIFTY RISING INITIALLY THUS GIVING GREAT BENEFITS TO THOSE WHO BOUGHT CALLS TOWARDS DAY END WHEN NIFTY WAS MAKING  A DAY LOW TOWARDS DAY END. BECAUSE OF THE INHERENT WEAKNESS IN INDIAN MARKETS DUE TO CONFLUENCE OF OWN INTERNAL PROBLEMS WHICH ARE UNIQUE IN NATURE AND ENTIRELY DIFFERENT FROM REST OF THE WORLD, ONE CAN EXPECT A FALL AFTER INITIAL RISE OR FROM  2ND HALF OF THE DAY.

LAST WEEK NIFTY HAD MADE A LOW AROUND 10141 SPOT AND HAD CLOSED THE WEEK AROUND 10226 SPOT. PRESENTLY NIFTY IS TRADING AROUND 10360 & CAN RISE TOWARDS 10400 OR HIGHER LEVELS ON FRIDAY TO BE FOLLOWED BY BIG FALLS TOWARDS LATER PART OF THE DAY  SO AS TO CLOSE NOT VERY FAR OFF FROM LAST WEEK’S CLOSING OF 10226 SPOT. IN CASE IT CLOSES  ON A BULLISH NOTE VERY FAR OFF FROM LAST WEEK’S CLOSING OF 10226 SPOT, THEN ONE CAN BE REASONABLY SURE TO SEE NIFTY FALLING BADLY DURING THE COMING WEEK. NOW STOP LOSS FOR ALL SHORTS AND PUTS BE DRASTICALLY BROUGHT DOWN TO ABOVE 10480 SPOT  TO PROTECT THE BIG GAINS IN SHORTS AND PUTS FROM THE DAY AFTER HOPELESS BUDGET DAY. THE HEDGING CALLS BOUGHT ON THURSDAY END WHEN NIFTY MADE A LOW CAN BE HELD ON FRIDAY TO BOOK PROFIT WITH SUFFICIENT GAINS.

FOR FRIDAY’S INTRADAY TRADING OF FUTURES, A FAILURE ON THE PART OF NIFTY  TO RISE AND STAY ABOVE 10420 SPOT AND 10440 FUTURES IS A SIGNAL TO TRADE SHORT WITH STOP LOSS ABOVE THESE LEVELS  TO REVERSE AND TRADE LONG FOR QUICK INTRADAY GAINS. A FAILURE TO RISE AND STAY ABOVE 10400 FUTURES ALSO  CAN  BE SHORTED WITH A STOP LOSS ABOVE 10400 . AFTER AN INITIAL RISE A FALL BELOW 10375 IS A SIGN OF WEAKNESS TO ADD MORE SHORTS AND PUTS.(REMAINING INTRADAY LEVELS FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY15THMAR NIFTY MADE A LOWER HIGH AT 10420 SPOT, LOWER LOW AT 10336 SPOT AND A MILDLY LOWER CLOSING AT 10415 SPOT. THE INTERESTING PART OF WEDNESDAY’S TRADING WAS GREAT GAINS  MADE BY TRADERS WHO CARRIED SHORTS AND PUTS, BOOKED PROFIT NEAR 10350 AND BOUGHT CALLS AND FINALLY BOOKED PROFIT ON THE CALLS TO BUY BACK THE PUTS TO CARRY.

SWING SHORT HOLDERS CONTINUE TO HOLD SHORTS AND ADDED MORE SHORTS AS NIFTY ON WEDNESDAY RETRACED EXACTLY 61.8% FROM TUESDAY’S HIGHS TO WEDNESDAY’S LOWS. WITH LAST WEEK’S LOWS BEING AT 10141 AND WEEKLY CLOSINGS BEING AT 18226 SPOT, ONE SHOULD BE REASONABLY SURE TO SEE NIFTY FALLING TO CLOSE NEAR LAST WEEK’S CLOSING LEVELS AROUND 10226 SPOT IF NOT TESTING AND BREACHING LAST WEEKS LOWS OF 10141SPOT, WHICH CERTAINLY WILL BE TAKEN OUT DURING THE COMING WEEK WHEN  LTCG DEAD LINE WITHDRAWAL MOMENTUM PICKS UP.

ON  TUESDAY NIFTY WAS SHUNTED DOWN FROM 34 DAY EMA AND ON  WEDNESDAY NIFTY AFTER MAKING A LOWER LOW AT 10336 SPOT WENT UP TILL 21 DAY EMA AROUND  DAY HIGH OF 10420 SPOT. FOR THURSDAY’S TRADING PURPOSE EXPECT LOWS OF WEDNESDAY AROUND 10336 SPOT TO BE RETESTED AND EVEN BREACHED. NIFTY SPOT SLIDING BELOW 10360 TO 10355 ZONE TO CLOSE A 30 MINUTE CANDLE BELOW THIS ZONE CAN SEE MUCH BIGGER FALLS TOWARDS 10300 OR LOWER LEVELS.

WITH CONFLUENCE OF NEGATIVE EVENTS LIKE WEAKNESS IN WORLD MARKETS TO RESUME THE BEAR PHASE, POOR SHOW BY BJP IN THE UP CRUCIAL BY POLLS AND MAKING IT 3-0 AND DAY AFTER DAY FRESH SCAM NEWS RESURFACING IS A CLEAR INDICATION FOR TRADERS TO USE THE INTRADAY RISES TO TRADE SHORT AND BUY PUTS, USE BIG DECLINES TO BOOK INTRADAY PROFIT IN THESE SHORTS OR HOLD AND BUY HEDGING CALLS TO QUIT THE CALLS NEAR DAY END. MARKETS ARE EXTREMELY BEARISH AND ONCE THE LTCG WITHDRAWALS PICK UP MOMENTUM NEXT WEEK, ONE CAN EXPECT MUCH BIGGER FALLS IN COMING DAYS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR WED 14THMAR

NIFTY CLOSED FLAT ON TUESDAY AFTER MAKING AN INTRADAY HIGH OF 10478 SPOT AND 10490 FUTURES BUT THE SUDDEN CRASH THAT FOLLOWED TO REACH LOWS OF 10377 SPOT AND 10374 FUTURE A FALL OF MORE THAN 100 POINTS IN JUST 10 MINUTES COMPRISING OF JUST ONE 15 MINUTE CANDLE  WITH RECORD INTRADAY VOLUME IS A SHOW PIECE TO REMIND EVERY TRADER AS WHAT IS IN STORE FOR NEXT FEW DAYS WHEN NIFTY RISES WITH LOW VOLUMES.

SO THE TRADING STRATEGY OF WAITING FOR RISE TO BOLDLY SHORT AND BUY PUTS WILL ALWAYS REWARD TRADERS WHO USE THE RISE IN FIRST HALF TILL 1 OR 2 PM TO BRUTALLY SHORT  & BUY PUTS AND USE BIG DECLINES IN ANY SESSION TO  BUY CALLS TO HEDGE. MOST LIKELY THE RETRACEMENT RISE  AFTER NIFTY MADE A LOW OF 10141 ON 7TH FEB IS OVER AND ONE SHOULD BE PREPARED TO SEE RESUMPTION OF THE SLIDE AFTER AN INTRADAY RISE ON WEDNESDAY WHICH SHOULD BE USED TO ADD TO THE SHORT POSITIONS IN FUTURES  AND PUTS BE ADDED. IN CASE OF A FALL OR PAUSE USE THESE TO BUY CALLS ON TUESDAY TO HEDGE THE SHORTS AND PUTS.

NIFTY SPOT WENT UP TO TEST 34 DAY EMA AND ALSO 20 WEEKLY MA AT 10478. THE CRASH THAT FOLLOWED AFTER TEST OF 34 DAY EMA  AND 20 WEEKLY MA SHOULD NOT BE FORGOTTEN, AS REPEAT OF SIMILAR CRASH WILL HAPPEN IN CASE OF ANY LOW VOLUME RISE FAILING TO SUSTAIN ABOVE THESE LEVELS.  (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR TUESDAY 13THMAR THE RETRACEMENT RISE OF NIFTY ON MONDAY INDUCED A FEELING THAT THE CORRECTION IS OVER AND BULL RUN HAS RESUMED. THIS IS THE TYPICAL CHARACTER OF BEAR MARKET CORRECTIONS  IN WHICH ALL SHORT POSITION HOLDERS QUIT THEIR SHORTS TO POCKET WHATEVER PROFIT THEY CAN MUSTER AND DO THE BIGGEST MISTAKE OF GOING LONG ON THE ADVICE OF ANALYSTS TO BE TRAPPED LATER. PRUDENT TRADERS HOLD ALL THEIR SHORTS AND PUTS AND ADD MORE DURING THESE RETRACEMENT RISES AND TO BE SAFE HEDGE BY BUYING SOME CALLS TO PROTECT THEIR SHORTS AND PUTS.

OTHER THAN EXTERNAL INFLUENCES THERE WAS NO REASON FOR INDIAN MARKETS TO MOVE UP BY SO MUCH . EVEN SEASONED ANALYSTS WHO WERE STRESSING TO SELL ON WEEKEND TV PROGRAMS OR EVEN ON MONDAY MORNING GOT INFLUENCED BY SGX NIFTY’S MONSTER RISE AND TURNED BULLISH AFTER THE GAP UP OPEN ON MONDAY. IF ONE LOOKS AT THE CHART OF NIFTY, ONE WILL FIND THAT FROM  27TH FEB SWING HIGH OF 10631 SPOT TILL 7TH MARCH SWING LOW OF 10141 SPOT, TILL MONDAY 12TH MARCH NIFTY HAS NOT EVEN  RETRACED THE FIBO 61.8% LEVELS WHICH COMES AROUND 10444. TILL SUCH TIME NIFTY DOES NOT CLOSE THE DAY ABOVE 10444 SPOT EVEN HOPING FOR THE CRITICAL SWING HIGH OF 10631 IS OUT OF QUESTION.

ALL SWING SHORTERS FROM BUDGET DAY SHORT POSITIONS, SHOULD HOLD THE SHORTS WITH STOP LOSS ABOVE 10633 OR BETTER ABOVE 10655  SPOT  ON A DAILY CLOSING BASIS TO REVERSE AND GO LONG. OPTION TRADERS HOLDING PUTS SHOULD CONTINUE TO HOLD WITH STOP LOSS ABOVE 10455 SPOT ON A CLOSING BASIS. HOWEVER ON DECLINES THE OPTION TRADERS CAN ADD A FEW CALLS TO HEDGE THE PUTS THAT WILL PROVIDE THE REQUISITE CONFIDENCE TO ADD MORE PUTS ON RISE.ON ANY DAY A SLIDE BY NIFTY TO BREACH 10300 TO CLOSE A  15 OR 30 MINUTE CANDLE BELOW IT CAN SEE BIGGER SHORTS BY BIG PLAYERS AND A SLIDE TO CLOSE A CANDLE BELOW 10210 SPOT CAN SEE MEGA FALLS TO SKIP THE SHIVERING 200 DMA.

FOR INTRADAY TRADING ON TUESDAY, A SLIDE BY NIFTY FUTURES TO BREACH AND STAY BELOW 10370 IS GOOD ENOUGH TO ADD MORE SHORTS AND PUTS FOR LOWER LEVELS TOWARDS 10350 TO 10340  FUTURE LEVELS AND BELOW THIS ZONE EXPECT SUB 10300 NIFTY FUTURE LEVELS.AS LONG AS NIFTY SPOT DOES NOT RISE TO CLOSE ABOVE 10644 TO 10655 SPOT ZONE, EVERY BIG RISE RISE LIKE MONDAY IS AN OPPORTUNITY TO ADD SHORTS AND PUTS AND TO HEDGE USE INTRADAY DECLINES TO HAVE SOME CALLS TO MANAGE CONFIDENCE LEVELS.

 

MARKETS FOR MONDAY 12THMAR AS WAS MENTIONED, NIFTY WENT UP TO REST THE EARLIER RESISTANCE NEAR 10300 AND WAS FIERCELY PUSHED DOWN TO SUB 10200 LEVELS TO FINALLY CLOSE NEAR 10226 SPOT. EXPECT ANOTHER TRY AT THE 10300 OR SLIGHTLY HIGHER LEVELS TO BE SHUNTED DOWN AGAIN IN CASE NIFTY FAILS TO CLOSE A 30 MINUTE CANDLE ABOVE  BOTH  10300 SPOT AND FUTURES. THESE TYPES OF OPENING GAP UP RISES ARE GOD SENT OPPORTUNITIES FOR TRAPPED LONG HOLDERS TO QUIT THE LONGS AND LOOK FOR THE RIGHT OPPORTUNITY TO ENTER SHORTING MODE.

ON ANY DAY IN CASE BOTH NIFTY SPOT AND FUTURES MANAGE TO RISE  TO BREACH AND MORE IMPORTANTLY CLOSE ABOVE 10450 THEN SHORT TERM TRADERS AS WELL AS SWING TRADERS CAN QUIT THEIR SHORTS AND ENTER LONG POSITIONS TILL THE MAJOR RESISTANCE LEVEL OF 10650 SPOT AND FUTURES TO RE ENTER MEGA SHORTS AGAIN. INDIAN MARKETS HAVE THEIR OWN INHERENT WEAKNESS SIMILAR TO HARSHAD MEHTA SCAM OF 1992 TO START THE BEAR MARKET FROM APRIL 1992 OR SATYAM SCAM OF 7TH JAN 2008 TO START THE BEAR MARKET VERY NEXT DAY. THE RECENT BANKING SCAM IS JUST THE TIP OF THE ICEBERG AND DAILY MORE AND MORE SKELETONS WILL RESURFACE FROM THE CLOSET TO SEE MORE AND MORE DOWN SWINGS. SO, USE THESE SGX INFLICTED RISES TO QUIT TRAPPED LONG POSITIONS AND ENTER SHORTS.

THE WEEKLY CHART OF NIFTY LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS AS THE WEEK ENDING 9TH MARCH WEEKLY CANDLE HAS CLOSED AT 10226 BELOW BOTH THE 34 WEEKLY SMA AND EMA.. THIS MONSTER RED WEEKLY CANDLE HAS ALSO CLOSED BELOW THE LOWS OF ITS  4 PREVIOUS WEEKLY LOWS, SUGGESTING THAT NIFTY WILL FALL TOWARDS THE 50 WEEKLY MA NEAR 10000 LEVELS VERY SHORTLY. SO, USE OPENING GAP UP RISES OR ANY FOLLOW UP RISES TOWARDS 10300 OR 10350 OR EVEN TOWARDS 10400, TO CONFIDENTLY TRADE SHORT BY HAVING STOP LOSS ABOVE 10450 SPOT AND FUTURES TO REVERSE AND TRADE LONG.

MOST LIKELY ANY RISE IN NIFTY DURING THE EARLY PART OF THE DAY DUE TO INFLUENCE OF SGX OR OTHER MARKETS WILL ATTRACT HEAVY SHORTING INTERESTS, SIMILAR TO THE ONE SEEN ON FRIDAY WHEN NIFTY NEARED 10300 LEVELS . SECONDLY A RISE DURING EARLY PART OF THE DAY WILL CERTAINLY FIND HEAVY SELLING DURING THE LATER PART OF THE DAY TO PULL NIFTY TOWARDS OR BELOW 10200 LEVELS. THIRDLY THE LOW OF 10141 SPOT AND 10155 FUTURES WHICH NIFTY REACHED DURING LAST WEEK HAS TO BE RETESTED AND BREACHED DURING THE COMING WEEK AND A POSITIVE MONDAY OR TUESDAY WILL CERTAINLY SEE DEVASTATING FALLS FROM WEDNESDAY ONWARDS TO RETEST AND EVEN BREACH THE SHAKING 200 DMA AROUND 10155 TO 10140  TO MOVE TOWARDS 50 WEEKLY SMA AROUND 10000 NIFTY LEVELS IN NEXT FEW DAYS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR FRIDAY 9TH MAR AS WAS MENTIONED BELOW AND WAS QUITE OBVIOUS, AFTER 6 CONSECUTIVE DAYS OF BRUTAL FALLS, NIFTY TOOK A PAUSE AND HAD A RISE TO CLOSE AT 10236 SPOT ABOVE ITS PREVIOUS DAY’S CLOSE OF 10154 SPOT. NIFTY ALSO MADE A HIGHER LOW AND A HIGHER HIGH TOO SHOWING SOME RESPECT TO THE 200 DMA WHICH HAD ALREADY STARTED TO SHOW CRACKS THAT WILL FIND NIFTY IGNORING IT AND PIERCING THROUGH THIS SHIVERING 200 DMA EARLY NEXT WEEK FOR MUCH LOWER LEVELS BELOW 10000 AS PART OF THE MONSTER 3RD DOWN WAVE.

THIS RETRACEMENT RISE FOR A DAY OR TWO MUST BE USED BY TRAPPED LONG POSITION HOLDERS TO QUIT THEIR LONGS AND START FRESH SHORTS TO SEE THE CRASH EARLY NEXT WEEK. THE EARLIER STRONG SUPPORT OF 10300 TO 10276 SPOT WHICH WAS PART OF 2ND UP WAVE 3,5,3 FLAT WILL BECOME A STRONG RESISTANCE BEFORE PUSHING NIFTY DOWN TOWARDS SUB 10000 LEVELS AS PART OF 3RD DOWN WAVE. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR THURSDAY 8TH MARBEAR MARKET CONTINUES AND WILL CONTINUE BUT SINCE NIFTY HAS ALREADY FALLEN FOR 6 CONSECUTIVE DAYS FROM 27TH FEB HIGHS OF 10631 TILL 7TH MARCH LOWS OF  10141 SPOT WHICH WAS VERY NEAR THE 200 DMA, EXPECT A PAUSE OR MILD RISE THAT WILL GIVE ENOUGH TIME TO THE BEARS TO FLEX THEIR MUSCLES, MASSAGE AND LUBRICATE THEIR SHORTING FINGERS BEFORE RESUMING BRUTAL SHORTING ACTION AGAIN.

FOR THURSDAY, A FAILURE TO RISE AND STAY ABOVE 10205 TO 10210 FUTURES WILL SEE THE RESUMPTION OF BRUTAL SHORTING AGAIN WITH STOP LOSS ABOVE THIS ZONE TO REVERSE FOR INTRADAY LONGS FOR SOME INTRADAY GAINS. A RISE TO STAY ABOVE 10210 CAN SEE INTRADAY LEVELS TOWARDS WEDNESDAY’S HIGHS OF 10254 TO 10260 FUTURE ZONE.

A FAILURE TO RISE AND BREACH TO STAY ABOVE 10210 FUTURES CAN SEE LOWER LEVELS OF 10186 BELOW WHICH MERCILESS HAMMERING CAN BRING NIFTY FUTURES DOWN TOWARDS  WEDNESDAY’S LOWS OF 10155 TO 10145 FUTURE ZONE BELOW WHICH BOTH 200 DMA AND 10100 LEVELS WILL GO OUT OF SIGHT. LETS HOPE FOR A PAUSE AT LEAST TO ALLOW REMAINING BULLS TO BOOK THEIR TICKETS TO KANYA KUMARI FOR A PILGRIMAGE TO GAIN BETTER LUCK SO THAT THEY RETURN HAVING BEEN CONVERTED AS HEFTY BEARS.

MARKETS FOR  WED 7TH MARAS WAS BROUGHT OUT MUCH BEFORE, NIFTY FINALLY BREACHED THE CRITICAL SUPPORT ZONE OF 10300 TO 10276 AND THE CRASH THAT FOLLOWED TO MAKE A NEW LOW AROUND 10215 SPOT AND 10223 FUTURES IS A CLEAR INDICATION OF WHAT IS IN STORE FOR NIFTY DURING THE MARCH MONTH WHEN THE WOOS OF LONG TERM CAPITAL GAINS WILL ALSO PLAY ITS ROLE AS DAYS PROGRESS. SO, AS WE ALWAYS SUGGESTED, LEVELS ARE NOT IMPORTANT BUT THAT YOU MUST BRUTALLY SHORT IS MORE IMPORTANT. SHORT OR BUY PUTS AT ANY LEVEL, IF NF RISES TOWARDS 10275 TO 10300 THEN AGAIN DOUBLE SHORT OR DOUBLE THE PUT BUYING.

NOW, THE EARLIER SUPPORT ZONE OF 10300 TO 10275 WILL BECOME A MAJOR RESISTANCE THAT WILL INVITE HARD CORE SHORTES TO MULTIPLY THEIR SHORTS AS NIFTY APPROACHES THIS ZONE. BE ABSOLUTELY SURE THE SO CALLED 200 DAY EMA AROUND 10120 SPOT LEVELS WILL BE SMASHED AND NIFTY WILL SEE MUCH LOWER LEVELS BELOW THE CRITICAL 10000 ALTHOUGH THESE TWO LEVELS WILL PLAY A SLIGHT DELAYING ROLE BEFORE NIFTY DIVES TOWARDS MUCH MUCH LOWER LEVELS. AS REGARDS BANK NIFTY, JUST THINK OF ANY LOWER LEVEL AND BE SURE IT WILL REACH AND BREACH THOSE LEVELS.

AS PER DAILY CLOSING CHART OF NIFTY A PERFECT HEAD & SOLDER NECK LINE BREACH HAS TAKEN PLACE ON A CLOSING BASIS THAT SHOULD SEE ANOTHER 700 TO 800 POINTS FALL FROM THE NECK LINE AROUND 10300 LEVELS THAT WILL SHOW THE EFFECTIVENESS OF THE MONSTROUS 3RD DOWN WAVE. SO, DON’T LOOK FOR LEVELS, SHORT FIRST, IF NIFTY RISES TOWARDS IMPORTANT LEVELS THEN DOUBLE SHORT OR BUY PUTS. START TO LIQUIDATE TECH STOCKS QUIETLY AS SWORD WILL FALL ON THEIR NECKS SHORTLY. THESE TECH STOCKS HAD ENOUGH DISPLAY OF COURAGE AND HAVE STARTED WEARING RUNNING SPIKES BEFORE THE RUN TO BEAT REST OF THE CRASHING SECTORS.

SWING TRADERS ENJOY THE SHORTING BONANZA AND FORGET ABOUT PROFIT BOOKING, USE RISES IN NIFTY TOWARDS 10300 OR ANY BIG INTRADAY RISE TO ADD TO THE SWING SHORTS. FORGET THE IDEA THAT THIS IS A BULL MARKET CORRECTION, AND BE ABSOLUTELY SURE THIS IS A BIG BEAR MARKET AND WE ARE IN THE 3RD SUB WAVE OF 1ST MAJOR DOWN WAVE. BE SURE TO SEE FIBONACCI LEVELS OF 38.2% AT 7383 THEN  50% TILL 6214 AND THEN THE MOST POPULAR 61.8%  TILL 5044 AS THESE ARE THE BARE MINIMUM RETRACEMENT LEVELS COUNTED FROM 2008 OCTOBER BEAR MARKET LOWS OF 2257 TILL THIS PRESENT RECORD 10 YEAR BULL MARKET 29TH JANUARY 2018 HIGH OF 11171.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR TUESDAY 06 MARAFTER 4 CONSECUTIVE DAYS OF FALLS FROM 27TH FEB HIGHS OF 10631 SPOT & 10639 FUTURES, NIFTY MAY TAKE A PAUSE. WHETHER NIFTY TAKES A PAUSE , OR RISES OR FALLS, USE YOUR FULL FORCE TO BRUTALLY SHORT THE MARKETS. IN CASE OF RISE AFTER SHORTS THEN SHORT MORE AND MORE. THE BEAR CYCLE THAT HAS STARTED WILL SEE MUCH MUCH LOWER LEVELS, SO, NEVER MISS THIS GOLDEN OPPORTUNITY TO MAKE EXCELLENT GAINS DURING THIS BEAR MARKET.

THE LAST BEAR MARKET OF 2008 ENDED IN OCTOBER 2008 WITH LOWS OF 2257 SPOT AND ON 29TH JAN 2018, NIFTY AFTER RECORD 10 YEARS OF BULL RUN, MADE A HIGH OF 11171 SPOT ON 29 JAN 2018. THIS BULL MARKET RISE OF NEARLY  9914 NIFTY POINTS HAVE TO SEE FIBONACCI LEVEL CORRECTIONS OF FIRSTLY 38.2% TILL 7383, 50% TILL 6214 AND FINALLY 61.8% TILL 5044. PLEASE KEEP A NOTE OF THESE LEVELS TO SEE NIFTY TESTING ALL THESE LEVELS IN NEXT 2 YEARS OR BY END 2022. THESE ARE TECHNICAL LEVELS NIFTY HAS TO TEST.

AFTER EACH OF THESE LEVELS OR BEFORE REACHING EACH OF THESE LEVELS, THERE MAY BE RETRACEMENT RISES TO GENERATE A FEELING THAT BULL MARKET HAS RESUMED, FOR HEAVENS SHAKE NEVER FALL INTO THIS TRAP. THE BEAR MARKET OF 2008 WAS SHARP AND RAN FOR 10 MONTHS ONLY FROM A HIGH OF 6357 TILL 2257 AND AFTER 10 YEARS THIS 2018 BEAR MARKET MAY RUN FOR 2 TO 4 YEARS SIMILAR TO TECH BUBBLE BEAR MARKET THAT WAS FROM 2000 FEB TILL 2003 APRIL OR LIKE HARSHAD MEHTA BEAR MARKET WHICH WAS FROM 1992 APRIL TILL 1998 JUNE.

NAVS OF MOST OF THE MUTUAL FUNDS MAY BE REDUCED BY AT LEAST ONE FIFTH OF  THEIR JANUARY 2018 VALUES OR EVEN MUCH LOWER NAVS BY END OF THIS BEAR MARKET. THE AIM OF WRITING THESE TECHNICAL INDICATIONS IS NOT TO GENERATE PANIC OR HARASS INVESTORS BUT THROW A WORD OF CAUTION SO THAT THE HARD EARNED MONEY DOES NOT MELT AWAY. REMEMBER THE BUDGET DAY HIGH OR 29TH JAN LIFE TIME HIGH IF BREACHED AND NIFTY CLOSES ABOVE IT THEN ALL THE ABOVE BEAR MARKET TECHNICAL ANALYSIS MAY TURN IN FAVOR OF RESUMPTION OF BULL MARKET.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR MONDAY 05 MAR  LOOK FOR SOME RISE FOR A DAY OR TWO ON NORTH EAST ELECTION RESULTS TO ADD TO THE SHORT POSITIONS. THESE ASSEMBLY ELECTION RESULTS OF NORTH EAST STATES HAVE NO BEARING ON MARKET CYCLES WHICH IS DISTINCTLY BEARISH. SO, USE RISES FOR A DAY OR TWO TO TAKE MEGA SHORTS FROM WEDNESDAY ONWARDS OR GRADUALLY ADD SHORTS ON EVERY RISE WITH STOP LOSS ABOVE 10555 SPOT AND FUTURES ON A CLOSING BASIS. MOST LIKELY 3RD DOWN WAVE HAS STARTED FROM 27TH FEB HIGHS OF 10631 SPOT WHICH GOT REJECTED BY BOTH 20 AND 50 DMA FOLLOWED BY REJECTION OF 21 AND 34 DAY EMAS ON 28TH FEB.ANY DAY A BREACH AND CLOSE BELOW 10276 SPOT AND 10300 FUTURES WILL SEE MUCH BIGGER FALLS  TOWARDS SUB 10000 NIFTY LEVELS IN MARCH ITSELF.

(INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

MARKETS FOR THURSDAY 01 MAR NIFTY OPENED GAP DOWN BELOW TUESDAY’S LOWS OF 10537 SPOT AND MADE A DAY LOW AROUND 10461 TO FINALLY CLOSED AROUND 10486 SPOT & 10520 FUTURES MUCH BELOW TUESDAY’S LOWS THAT MAY SEE BIGGER FALLS IN COMING DAYS. ON TUESDAY NIFTY REJECTED BOTH 20 AND 50 DMA AND CLOSED BELOW BOTH THESE DMAS.

20 DMA COMING FROM ABOVE 50 DMA AND BREACHING IT DOWNWARDS FOLLOWED BY NIFTY BEING REJECTED BY BOTH THESE DMAS TO CLOSE BELOW BOTH THESE ON TUESDAY AND WEDNESDAY, IS A CLEAR INDICATION OF FURTHER FALLS, SUGGESTING TRADERS TO LOOK FOR INTRADAY RISE TO TRADE SHORT AND BUY PUTS FOR GOOD GAINS. EVEN ON WEDNESDAY A LAST HOUR RISE DUE TO PROFIT BOOKING WAS REJECTED BY BOTH THE 21 AND 34 DAY EMAS SUGGESTING BIGGER FALL IN THE OFFING NEXT WEEK AFTER  PERHAPS  A PAUSE DAY ON THURSDAY WITH HOLI HOLIDAY ON FRIDAY.

FOR INTRADAY TRADING OF FUTURES ON THURSDAY, USE RISES OR PAUSES TO TRADE SHORT WITH STOP LOSS ABOVE WEDNESDAYS HIGHS OF 10555 BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO REVERSE AND TRADE INTRADAY LONG. ON THE LOWER SIDE A SLIDE TO BREACH AND STAY BELOW 10488 CAN SEE BIGGER FALLS INITIALLY TOWARDS WEDNESDAY’S LOWS OF 10466 FUTURES FOLLOWED BY LOWER LEVELS OF 10450 OR 10440 &  EVEN LOWER FUTURE LEVELS. LOOK FOR INTRADAY RISES TO TRADE SHORT. SWING SHORTERS CAN USE RISES TOWARDS PREVIOUS DAYS HIGHS TO ADD ON TO THE SWING SHORTS 

MARKETS FOR WED 28THFEB NIFTY AFTER THREE GREEN CANDLE DAYS, TOOK A PAUSE AND FORMED A RED CANDLE DAY AFTER TOUCHING THE 50 AND 20 DMA LEVELS AROUND DAY HIGH OF 10631 SPOT WHICH WAS AROUND THE 38.2% RETRACEMENT LEVELS. THE PAUSE LOOKS TO BE DECEPTIVE AND NIFTY MAY MAKE ANOTHER ATTEMPT TO RISE AND BREACH TUESDAY’S HIGHS OF 10631 SPOT AND 10639 FUTURES TO FOOL EVERYONE WHO THOUGHT THAT THE DOWN WAVE HAS RESUMED. NIFTY WILL CERTAINLY CRASH BUT NOT SO EARLY.

NIFTY WILL MOVE UP  TO CLOSE FOR A DAY OR TWO ABOVE 10637 TO 10650 SPOT ZONE, ABOVE BOTH 50 AND 20 DMA TO TRIGGER STOP LOSSES OF NOVICE TRADERS , INDUCE A FEELING THAT BULL RUN HAS RESUMED BUT ONLY TO TRAP ALL BUYERS BY CRASHING DAY AFTER DAY. SO, BEARS DON’T BE HAPPY SO EARLY & HAVE PATIENCE TO SEE MUCH MUCH BIGGER FALLS AS PART OF THE MEGA 3RD DOWN WAVE.

FOR INTRADAY TRADING ON WEDNESDAY, NIFTY FUTURES NEEDS TO FALL AND STAY BELOW TUESDAY’S LOWS OF 10540 TO 10530 FUTURE  ZONE TO SEE BIGGER FALLS, OTHERWISE EXPECT A VERY LOW VOLUME RISE TOWARDS 10600 OR HIGHER LEVELS. A RISE TO STAY ABOVE 10590 TO 10595 FUTURE ZONE WILL SEE LONG TRADES IN NIFTY FUTURE FOR MOVING UP TOWARDS TUESDAYS HIGHS OF 10640 TO 10650 ZONE.

A FAILURE TO BREACH AND STAY ABOVE 10595 TO 10600 FUTURES WILL BRING IN THE BEARS TO TRADE SHORT WITH STOP LOSS ABOVE THIS ZONE TO REVERSE AND TRADE INTRADAY LONG. AFTER A RISE, A FALL BY FUTURES BELOW 10570 WILL SEE MORE SHORTS TOWARDS TUESDAY’S LOWS AND TRADING BELOW 10530 FUTURES CAN SEE MUCH BIGGER FALLS. SWING SHORTERS BOLDLY HOLD SWING SHORTS.

MARKETS FOR TUESDAY 27THFEB  NIFTY CONTINUED WITH THE 2ND WAVE 3,3,5 FLAT AND THIS RETRACEMENT RISE WILL CONTINUE TILL MOST PEOPLE DEVELOP AN OPINION THAT THE DOWN SIDE MOVE IS OVER AND BULL RUN HAS RESUMED BUT ONLY TO BE TRAPPED BADLY ON THEIR BOUGHT POSITIONS UNABLE TO COME OUT OF THE MONSTER 3RD DOWN WAVE TO SEE MUCH LOWER LEVELS. SO, HOLD YOUR SWING SHORTS BUT TRADE LONG INTRADAY ON DECLINES AS LONG AS NIFTY CONTINUES WITH THE RETRACEMENT FLAT TOWARDS 10637 OR EVEN SOME MORE HIGHER LEVELS TO TRIGGER STOP LOSS OF SHORTERS BEFORE RESUMING THE MEGA 3RD DOWN WAVE FALL.

FOR INTRADAY TRADING PURPOSE ON TUESDAY, NIFTY WILL REMAIN UPWARDS AS LONG AS IT DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10570 SPOT & 10577 FUTURES. IF THIS HAPPENS THEN NIFTY CAN FALL BADLY THAT WILL FORCE TRADERS TO RESUME INTRADAY SHORTS AGAIN. A SLIDE BELOW 10566 TO 10560 FUTURES CAN SEE BIGGER FALLS TOWARDS 10550 BELOW WHICH MORE BEARS WILL ENTER THE SHORTS TO SEE NIFTY FUTURES DIVING DOWN TOWARDS 10530 FOLLOWED BY EVEN 10510 OR LOWER FUTURE LEVELS.

 AFTER THE SLIDE, A RISE TO BREACH AND STAY ABOVE 10588 FUTURES  WILL SEE SHORT COVERING TOWARDS 10600 OR HIGHER LEVELS THAT MAY PULL IN THE BEARS AGAIN AS FUTURE APPROACHES TOWARDS 10625 LEVELS TO START SHORTING AGAIN WITH STOP LOSS A FEW POINTS ABOVE 10630 FUTURE LEVELS TO REVERSE AND GO INTRADAY LONG AGAIN.

REMEMBER THESE SMALL SMALL RETRACEMENT RISES TAKING A LOT OF TIME TO TAKE OUT EVEN 38.2% RETRACEMENT LEVELS AROUND 10620 SPOT LEVELS IS A TYPICAL EXAMPLE OF 2ND WAVE FLAT BEFORE THE ONSET OF THE MEGA 3RD DOWN WAVE. SO, HOLD SWING SHORTS BUT USE INTRADAY DECLINES TO TRADE LONG AS LONG AS THIS 2ND WAVE FLAT CONTINUES.A FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10555 SPOT & 10566 TO 10560 FUTURES WILL BE THE EARLY INDICATION OF COMPLETION OF THE 2ND WAVE FLAT ALTHOUGH A FALL BELOW 10276 SPOT & 10290 FUTURES WILL BE THE CONFIRMATION OF MONSTER 3RD DOWN WAVE MEGA  FALL TOWARDS SUB 10000 OR EVEN MUCH LOWER LEVELS IN MARCH.

MARKETS FOR MONDAY 26THFEB  NIFTY CLOSED THE WEEK AT 10491 SPOT & 10505 FUTURES IN THE FORM OF  GREEN HAMMERS, SUGGESTING SOME MORE RETRACEMENT RISE TO THE DEVASTATING FALL FROM 29TH JANUARY HIGHS OF 11171 TILL 6TH FEB LOWS OF 10276 SPOT. FROM 6TH FEB LOWS OF 10276 SPOT NIFTY IS IN THE PROCESS OF 2ND WAVE FLAT FORMATION THAT MAY AT THE BEST LIFT IT TOWARDS THE 8TH FEB HIGHS OF 10637 OR A LITTLE HIGHER TO TRIGGER STOP LOSSES BEFORE THE MONSTER 3RD DOWN WAVE STARTS.

SO, BEST IS HOLD YOUR SWING SORTS FROM BUDGET DAY HIGHS BUT MAKE USE THESE SMALL SMALL RISES TO TRADE LONG ON INTRADAY DECLINES OR TAKE A FEW BTST LONGS  TO TAKE FULL ADVANTAGE OF THIS 2ND WAVE RETRACEMENT RISE. THE 1ST WAVE FALL FROM  29TH JANUARY HIGHS OF 11171 TILL 6TH FEB LOWS OF 10276 WAS OF 7 DAYS DURATION FALLING NEARLY 900 POINTS. THE SECOND WAVE  3,5,3 OR 3,3,5  FLAT FORMATION FROM 6TH FEB LOWS OF 10276 IS GENERALLY OF A MUCH LONGER DURATION AND WILL TEST THE PATIENCE OF BEARS BEFORE THE MEGA FALL AGAIN. WHEN THE MONSTER 3RD DOWN WAVE STARTS, ONE MAY NOT HAVE EVEN TIME TO THINK OF SHORTS AS IT WILL BE GAP DOWN AFTER GAP DOWN ONLY.

SO, EXPECT 10600 OR HIGHER LEVELS WILL BE TESTED BY NIFTY SPOT BEFORE THE RESUMPTION OF THE MAJOR FALL & USE THIS 2ND WAVE RISE TO TRADE LONG FOR SOME GAINS BEFORE SWITCHING TO SHORTS AGAIN TO ADD ON TO THE BUDGET DAY SWING SHORTS.IN CASE NIFTY BREACHES 10637 SPOT THEN NOTHING TO WORRY AS IT WILL BE STILL BELOW THE 50% RETACEMENT LEVEL OF 10724 & 61.8% RETRACEMENT LEVELS OF 10830 SPOT LEVELS. HARD CORE BEARS SHOULD USE LOW VOLUME GAP UP RISES TO THESE RETRACEMENT 2ND WAVE LEVELS OF 10637, 10724 AND 10830, TO ADD ON TO THEIR SWING SHORTS AND BOLDLY WRITE HIGHER CALLS AND ALSO BUY PUTS . REMEMBER STOP LOSS FOR ALL SWING SHORTS & OTHER SHORT POSITION IS BUDGET DAY HIGHS ON A CLOSING BASIS ONLY & NOTHING LESS THAN THAT.

INTRADAY TRADERS SHOULD TRADE BOTH WAYS LONG &  SHORTS TO TAKE FULL ADVANTAGE OF THE VOLATILITY AS THIS RETRACEMENT 2ND UP WAVE OR 3,3,5 FLAT GIVES EXCELLENT OPPORTUNITIES TO TRADE BOTH WAYS FOR LONG PERIODS OF TIME.  

 MARKETS FOR FRIDAY 23RDFEB ALL TRADERS LOOK FOR RISE TO MERCILESSLY TRADE SHORT, BUY PUTS TO HAVE GREAT GAINS IN THE MARCH SERIES. A RISE IN NIFTY FOR A DAY OR TWO OR TOWARDS 10600 OR HIGHER LEVELS IF AT ALL THAT HAPPENS IS A GOLDEN OPPORTUNITY TO GO DOUBLE SHORT & MULTIPLY PUT BUYING. ONLY A DAILY CLOSE ABOVE THE MAGIC LEVEL OF 10640 SPOT SHOULD FORCE ONE TO QUIT SHORTS, THEN LOOK FOR SOME MORE RISE TO DOUBLE SHORT AGAIN. THE FALL ONE SAW IN FEB SERIES WAS JUST A TRAILER AND MARCH WILL SEE THE REAL MOVIE AS TO HOW BEARS FUNCTION.

ON ANY DAY A RISE TOWARDS OR ABOVE ITS EARLIER DAY HIGHS ARE THE GO AHEAD SIGNAL TO TRADE INTRADAY SHORT AND BUY PUTS. INTRADAY TRADERS CAN KEEP ON SHORTING EVERY RISE IRRESPECTIVE OF LEVELS BY HAVING STOP LOSS ABOVE 10450  FUTURES TO QUIT SHORTS AND TRY INTRADAY LONGS IN CASE A 15 MINUTE CANDLE CLOSES ABOVE 10450 FUTURES. INITIALLY AN APPROACH TOWARDS THURSDAY’S HIGHS OF 10410 TO 10420 FUTURES IS A SHORTING OPPORTUNITY BY HAVING A TIGHT STOP LOSS ABOVE THIS ZONE OR KEEP ON HAVING SHORTS RIGHT FROM THE APPROACH TOWARDS 10400 FUTURES  TILL 10450 BY HAVING STOP LOSS ABOVE 10450/460 ZONE ON A CANDLE CLOSING BASIS.

TRADERS WITH SHORTING INTEREST ON RISE HAVE A MUCH BETTER CHANCE OF GAINING IN THIS BIG CORRECTION. SIMILARLY, A DIP TOWARDS OR MUCH LOWER THAN THE PREVIOUS DAY’S LOWS IS AN INTRADAY BUYING OPPORTUNITY FOR QUICK GAINS. HOWEVER FOR SWING SHORT HOLDERS FROM BUDGET DAY HIGHS, ADDING SHORTS ON EVERY RISE IS THE ONLY OPTION BY HAVING STOP LOSS ABOVE 10640 SPOT ON A CLOSING BASIS. EXPECT BIGGER FALL STARTING FROM NEXT WEEK IN CASE FALL DOES NOT COME ON FRIDAY.

MARKETS FOR THURS 22ND FEB EXPIRY DAY, SO NO TRADE IS BEST TRADE. IF AT ALL ONE HAS TO TRADE THEN LOOK FOR A RISE TOWARDS 10420 TO 10430 SPOT  TO TRADE SHORT WITH A STOP LOSS ABOVE THIS ZONE TO REVERSE AND TRADE LONG IN CASE A 15 MINUTE CANDLE CLOSES ABOVE 10430 SPOT. ALL THESE INTRADAY RISES ARE GOLDEN OPPORTUNITIES TO QUIT LONG POSITIONS IF ANYONE IS STILL HOLDING.

FROM 29TH JANUARY  LIFE TIME HIGHS OF 11171 SPOT, NIFTY IN 7 TRADING DAYS  MADE A LOW OF 10276 NEARLY 900 POINT FALL BUT IN THE NEXT 10 TRADING SESSIONS TILL 21ST FEB NIFTY HAS BEEN ABLE TO MAKE A HIGH OF 10637 ONLY FROM THE LOWS OF 10276 AND EVERY RISE TOWARDS 10600 IS BEING BRUTALLY SHORTED TO PULL NIFTY TOWARDS 10300 LEVELS. SO, LOOK FOR INTRADAY RISES OR HALF HEARTED DAILY RISES TOWARDS 10600 LEVELS TO UN LEASE YOUR BRUTAL SHORTING POWER TO SEE MARCH MONTH GIVING MUCH LOWER LEVELS.

NO BEAR MARKET IS SIMILAR & EVERY CONSECUTIVE BEAR MARKET IS DIFFERENT FROM OTHER. SO, EXPECT THIS ONE TO BE DIFFERENT FROM THE EARLIER ONES WE HAD IN 2008,2000 & 1992. IN 1992 THE HARSHAD MEHTA BEAR MARKET LASTED FROM 1992 TILL 1998 FOLLOWED BY THE TECH BULL MARKET TILL FEB 2000. THE TECH BUBBLE BURST BEAR MARKET STARTED FROM FEB 2000 TILL APRIL 2003. THE COPY BOOK BULL MARKET FROM APRIL 2003 RAN TILL JANUARY 2008 FOLLOWED BY THE LEHMAN BROTHERS SHARP BEAR MARKET FROM FEB 2008 TILL  OCTOBER 2008.

MOST LIKELY THIS BEAR MARKET WILL BE DIFFERENT FROM OTHERS IN WHICH SOME COUNTRIES LIKE U S, BRAZIL ETC MAY HAVE BULL MARKET WHERE AS EUROPE, AUSTRALIA, SOME ASIAN COUNTRIES INCLUDING INDIA WILL HAVE BEAR MARKET. OR THE WHOLE WORLD MAY SEE A BEAR MARKET OF A COMPLETELY DIFFERENT KIND. THE BEAR MARKET OF INDIA WILL NOT BE SHARP LIKE 2008 BUT WILL BE SIMILAR TO 2000 OR 1992 LASTING FOR A COUPLE OF YEARS TILL SATURN MOVES OUT OF THE FIRY SIGN OF SAGITTARIUS.

WITHIN THIS BEAR MARKET THERE WILL BE UPWARD CORRECTIONS TO GENERATE A FEELING THAT THE DOWN SIDE CORRECTION IS OVER TO ATTRACT BUYERS WHO WILL BE TRAPPED TIME AND AGAIN TO LOSE MONEY AGAIN AND AGAIN. SO, BEST IS LOOK FOR RISES TO TRADE SHORT & BUY NEXT SERIES  PUTS TO RUN WITH THE TIDE. HOWEVER INTRADAY TRADERS MAY TRADE BOTH WAYS AS AFTER GAP DOWNS ONE HAS A BETTER CHANCE OF MAKING MONEY IN INTRADAY BUYS AND AFTER GAP UPS ONE HAS BETTER CHANCE IN MAKING MONEY THROUGH INTRADAY SHORTS FOR QUICK GAINS. 

 

MARKETS FOR WED 21ST FEB NIFTY WAITING FOR BIGGER FALLS THAT MAY COME AFTER THE EXPIRY OF 22ND FEB. HAD NOT THE EXPIRY BEEN THERE, NIFTY BY NOW WOULD HAVE BEEN TRADING BELOW 10000 LEVELS. HENCE FORTH LOOK FOR RISES OR APPROACHES  TOWARDS OR NEARER TO  PREVIOUS DAYS HIGHS TO BOLDLY SHORT TO SEE MUCH LOWER LEVELS. LONG POSITION HOLDERS USE RISES TO QUIT POSITIONS IF STILL HOLDING.

WELL, IN CASE THE MARKETS TAKE AN ABOUT TURN THEN LOOK FOR BUDGET DAY HIGHS ON A CLOSING BASIS TO QUIT SHORTS AND ENTER LONG ONLY, OTHERWISE EVERY OPENING OR INTRADAY RISE TOWARDS PREVIOUS DAY’S HIGHS  IS A SHORT FOR GAINS. MARCH MONTH IS LIKELY TO SEE MUCH BIGGER FALLS WITH SMALL SMALL RISES IN BETWEEN TO GENERATE A FEELING THAT THE CORRECTION IS OVER.

(INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

 

 UPDATING WILL RESUME FROM 14TH FEB.

MARKETS FOR  5TH TO 14TH FEB  NIFTY ON FRIDAY CLOSED AT 10760  MUCH BELOW EARLIER GIVEN 31ST JAN NR DOJI LOWS OF 10979 SPOT . ALL LONGS WERE SQUARED OFF AS NIFTY EVEN COULD NOT REACH THE CRITICAL 31ST JAN DOJI LOWS OF 10979 AND BIG SHORT POSITIONS WERE INITIATED AS NIFTY BREACHED BUDGET DAY LOWS OF 10878 SPOT. NOW ALL SWING SHORTERS CAN BOLDLY HOLD THE SHORTS AND RIDE THE DOWN SWING BY HAVING STOP LOSS ABOVE BUDGET DAY  HIGHS OF 11117 SPOT.

THE CANDLE OF BUDGET DAY HAS FORMED AN OUT SIDE CANDLE SETUP WITH THE CANDLE OF 31ST JAN. THE BREACH OF MOTHER CANDLE WHICH IS THE BUDGET DAY 1ST FEB CANDLE LOW OF 10878 BY THE CANDLE OF 2ND FEB WAS A CLEAR DIRECTION TO INITIATE FRESH SHORTS AND THE CANDLE OF 2ND FEB CLOSING NEAR 10760 NEAR THE 34 DAY EMA SUGGESTS TO LOOK FOR SOME BOUNCE TO ADD MORE SHORTS WITH STOP LOSS ABOVE BUDGET DAY HIGH OR EVEN ABOVE 2ND FEB CANDLE HIGH OF 10955 SPOT ON A CLOSING BASIS.

THE MONSTER WEEKLY RED CANDLE OF WEEKENDING 2ND FEB HAS FORMED AN OUT SIDE WEEKLY CANDLE SETUP WITH ITS PREVIOUS WEEKLY CANDLE SUGGESTING ONE TO MERCILESSLY SHORT IF THE LOWS OF WEEKENDING 2ND FEB IS BREACHED TO SEE MUCH LOWER LEVELS. IF ONE HAS A LOOK AT THE LONG TERM MONTHLY CHARTS FROM EARLIER 2008 BEAR MARKET LOWS OF 22ND OCT 2008 AT  2253 SPOT  TILL 29TH  JAN 2018 HIGHS OF 11171, THERE IS A CLEAR INDICATION OF 5 WAVE PATTERN. THE 1ST UP WAVE STARTED FROM PREVIOUS BEAR MARKET END 22 OCT 2008  LOWS OF 2253 ENDED AT 5TH NOV 2010 HIGHS OF 6338, THE FOLLOWING 2ND DOWN WAVE ENDED AT 20 DEC 2011 LOWS OF 4531, THE 3RD UP WAVE ENDED AT 4TH MARCH 2015 HIGHS OF 9119, THE 4TH DOWN WAVE ENDED AT  BUDGET DAY 29TH FEB 2016 LOWS OF 6825 AND THE 5TH UP WAVE WENT UP TILL  29TH JAN 2018 HIGHS OF 11171..

FROM ABOVE IT IS A CLEAR INDICATION OF SOME BIG CORRECTION WHICH CAN ONLY BE NULLIFIED  BY BREACH AND CLOSURE OF A CANDLE ABOVE 29TH JAN LIFE TIME HIGHS OF 11171 SPOT OR  AT LEAST CLOSE ABOVE BUDGET DAY HIGH OF 11117 SPOT. SO, ALL THOSE WHO HAVE  NOT INITIATED SHORTS ON FRIDAY OR ON BUDGET DAY AS PER OUR EARLIER  ADVICE  ON MARKETS FOR 29TH JAN 2018 BELOW, CAN STILL SHORT AND HOLD THE SHORTS. TRADERS STILL HOLDING LONGS OR BOUGHT CALLS PLEASE DON’T HESITATE IN WASTING TIME , JUST QUIT LONGS AND ON THE SLIGHTEST RETRACEMENT RISE FROM ANY LEVELS TAKE SHORT POSITIONS BUT MUST HAVE STOP LOSS ABOVE BUDGET DAY HIGH OF 10117 SPOT ON A CLOSING BASIS.

THE TECH BUBBLE BEAR MARKET HAD STARTED IN FEB 2000. THE NEXT BEAR MARKET OF 2008 HAD STARTED IN JAN 2008 AND MAY BE THIS BEAR MARKET BE JUST 2 DAYS OLD THAT MAY TURN OUT TO BE MOTHER OF ALL BEAR MARKETS. BUT REMEMBER, NO ONE IN THIS WORLD IS SURE WHETHER THE FALL THAT HAS STARTED AND IS JUST TWO DAYS OLD MAY BE THE INITIAL DAYS OF BEAR MARKET OR JUST A CORRECTION TO THE BULL MARKETS.

A HOPELESS BUDGET COUPLED WITH RECORD CRASH IN DOW AND REST OF WORLD MARKETS, WAR CLOUDS HOVERING OVER MIDDLE EAST AND AROUND KOREAN PENINSULAR, STRONG BEARISH TECHNICALS WITH BEARISH DIVERGENCES ON CRITICAL INDICATORS ON LONG TERM CHARTS, ELLIOTT WAVE COUNT AND MORE IMPORTANTLY ASTROLOGICAL INFLUENCE OF SATURN IN THE FIRE SIGN OF SAGITTARIUS CLEARLY INDICATE THE ONSET OF A BIG FALL IN NEXT FEW MONTHS. THE EARLIER BEAR MARKET STARTED IN  FEB 2000 HAD SATURN IN THE FIRE SIGN OF ARIES AND THE BEAR MARKET OF JAN 2008 HAD SATURN IN FIRE SIGN OF LEO. FAILURE OF BJP IN THE COMING ASSEMBLY  AND PARLIAMENT ELECTIONS WILL ACCELERATE THE FALL THAT WILL WITNESS THE BIGGEST FALL IN INDIAN STOCK MARKET HISTORY.

DURING THE PRESENT FALL, ONE SHOULD NOT BE SURPRISED TO SEE RETRACEMENT RISES TO GENERATE A FEELING THAT BULL MARKET HAS RESUMED BUT ONLY TO FALL BIGGER AND BIGGER. SAFE LOW CAPITAL TRADERS SHOULD USE INTRADAY RISES TO BUY PUTS AND HOLD. TRADERS WITH BIGGER CAPITAL CAN USE RISES TO NOT ONLY SHORT FUTURES BUT ALSO SELL HIGHER CALLS AND ALSO BUY PUTS  BUT DO NOT FORGET TO HAVE STOP LOSS ABOVE BUDGET DAY HIGHS OF 11117 SPOT ON A CLOSING BASIS TO QUIT ALL SHORT POSITIONS AND ALSO QUIT BOUGHT PUTS. GO LONG ONLY ABOVE 29TH JAN SWING HIGHS OF 11171 SPOT.

 

 

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

 (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

IMPORTANT POINTS FOR OPTION TRADERS

 

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

  

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

     

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

      

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

      

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

      

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

 

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

 

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

 

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

 

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

 

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

 

 

 

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

 

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