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MARKETS  FOR 16 AUG 2018

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

CHART BELOW IS NOT UPDATED 
 

 


 

 



                                     

 

 

UPDATING WILL RESUME FROM 16th AUGUST

MARKETS FOR 09 AUG  NIFTY  LOOKS MORE BULLISH AFTER THE BREAKOUT MOVE THAT CAME ON TUESDAY AFTER TWO DAYS OF PAUSE. USE DECLINES TOWARDS  11400 FUTURES  TO BOLDLY ADD TO THE LONG POSITIONS. INTRADAY TRADERS TRADING NIFTY FUTURES SHOULD LOOK FOR  DECLINES WHICH HAS TO COME TO BOLDLY BUY FOR VERY GOOD INTRADAY GAINS.

HAVE STOP LOSS BELOW 11388 FUTURES  BUT ON A 30 MINUTE CANDLE CLOSING BASIS TO BOLDLY BUY DECLINES. ONLY A FAILURE TO BREACH AND STAY ABOVE 11500 FUTURES CAN BE USED TO TRADE SHORT WITH A TIGHT STOP LOSS ABOVE 11500 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 08 AUG NIFTY LOOKS HIGHLY BULLISH AFTER TWO DAYS OF PAUSE AROUND THE LIFE TIME HIGHS. THIS PAUSE OF TWO DAYS AFTER FRIDAY’S MEGA RISE IS THE IDEAL SETUP FOR ANOTHER MONSTER BREAKOUT UP MOVE  FOR WHICH DECLINES TOWARDS PREVIOUS DAYS ARE GOD-SENT OPPORTUNITIES TO BOLDLY TRADE LONG FOR EXCELLENT INTRADAY GAINS. SWING TRADERS HOLDING LONG POSITIONS FROM LAST WEEK SHOULD CONTINUE TO HOLD LONG POSITIONS WITH STOP LOSS BELOW  11270 SPOT & 11300  FUTURES ON A CANDLE CLOSING BASIS.

A RISE TO BREACH AND STAY ABOVE 11450 FUTURES IS A SIGN OF STRENGTH THAT MAY TRIGGER MASSIVE SHORT COVERING. AFTER THE RISE A SLIDE TO STAY BELOW 11410 IS THE INITIAL SIGN OF WEAKNESS  AND A SLIDE TO STAY BELOW 11390 FUTURES MAY SEE NIFTY FUTURES SLIDING TO RETEST TUESDAY’S LOWS OF 11376 BELOW WHICH 11355 TO 11350 FUTURES WILL SEE MONSTER BOUNCE COMING BIGGER THAN  TUESDAY’S BOUNCE FROM DAY LOW OF 11376 TILL 11432 FUTURES. AFTER THE SLIDE A RISE TO BREACH AND STAY ABOVE  11422 FUTURES CAN SEE THE INITIAL BOUT OF SHORT COVERING.

TRADERS ARE ADVISED TO COMPLETELY AVOID BUYING TRADES IN HIGHLY MANIPULATED FUTURES  OF ARVIND, BIOCON AND TATA MOTORS. THESE MAY BE VERY GOOD STOCKS FOR LONG TERM INVESTMENT BUT CERTAINLY NOT FOR TRADING SPECIALLY BUYING TRADES. THESE FUTURES WILL BE MADE TO RISE  ONCE IN A WEEK ON SOME FRAUDULENT NEWS & ONCE RETAIL BUYS THESE FUTURES THESE WILL BE PULLED DOWN BADLY BY MANIPULATORS. SEE THE BRIGHT  EXAMPLE OF ARVIND, BIOCON & TATA MOTORS IN LAST FEW DAYS. ONLY ONCE OR TWICE IN A WEEK ONE CAN MAKE MEAGER AMOUNT OF MONEY ON BUYING THESE FUTURES BUT MOST OF THE TIMES ONE LOSES AFTER BUYING THESE. SO, COMPLETELY IGNORE AND AVOID THESE HIGHLY MANIPULATED FUTURES FOR BUYING TRADERS. HOWEVER RISES CAN BE USED TO BRUTALLY SHORT THESE FUTURES FOR GREAT INTRADAY GAINS DAILY.

MARKETS FOR 07 AUG NIFTY MADE A HIGHER HIGH, HIGHER LOW AND A HIGHER CLOSING ON MONDAY AND FOLLOWED UP THE UP MOVE RESUMED FROM FRIDAY AFTER THE TWO DAYS OF PAUSE. MOST LIKELY THIS PATTERN OF HIGHER HIGH, LOW AND CLOSE WILL CONTINUE SUGGESTING INTRADAY DECLINES TO BOLDLY BUY FOR GOOD INTRADAY GAINS. SWING LONGS INITIATED FROM FRIDAY MAY BE HELD WITH  STOP LOSS BELOW THURSDAY’S SWING LOWS OF 11234 SPOT LEVELS.

FOR TUESDAY’S INTRADAY TRADING PURPOSE, A RISE TO BREACH AND MORE IMPORTANTLY CLOSE A 30 OR AT LEAST A 15 MINUTE CANDLE ABOVE MONDAY’S HIGHS OF 11447 FUTURES  IS A SIGN OF STRENGTH THAT CAN PROPEL NIFTY FUTURES TOWARDS MUCH HIGHER LEVELS LIKE 11460 OR EVEN 11480 OR HIGHER LEVELS. AFTER A RISE A SLIDE TO STAY BELOW 11414 FUTURES IS A SIGN OF WEAKNESS

A FAILURE TO RISE AND STAY ABOVE MONDAY’S HIGHS OF 11447 FUTURES CAN WEAKEN NIFTY FUTURES. A FAILURE TO RISE AND STAY ABOVE  MONDAY’S CLOSING LEVEL OF 11422 CAN BE THE EARLY INDICATION OF WEAKNESS TO FALL AND RETEST MONDAY’S LOWS OF 11386 STAYING BELOW WHICH ONLY CAN WEAKEN NIFTY FUTURES CONSIDERABLY FOR MUCH LOWER LEVELS.

 TRADERS MUST KEEP IN MIND THAT IT IS THE BREACH AND STAY WHICH IS  IMPORTANT AND NOT THE MERE BREACH  TO TRIGGER STOP LOSSES. A SLIDE TO STAY BELOW MONDAY’S LOWS OF 11386 CAN SEE LOWER FUTURE LEVELS OF 11372,11366 OR EVEN 11350 FUTURE LEVELS BEFORE SOLID BUYING RESUMES. AFTER A FALL , A RISE  TO STAY ABOVE 11422 CAN BE THE EARLY SIGN OF STRENGTH THAT MAY TRIGGER SHORT COVERING.

 

MARKETS FOR 06 AUG NIFTY AFTER TWO DAYS OF PAUSE TOOK OFF AGAIN TOWARDS HIGHER LEVELS AND MAY CONTINUE TO SEE MUCH HIGHER LEVELS WITH SIMILAR PAUSES OF DAY OR TWO IN BETWEEN. HENCE FRESH LONGS INITIATED ON FRIDAY  ABOVE THURSDAY’S RED CANDLE HIGH OF 11344 FUTURES CAN BE HELD AND DECLINES CAN BE USED TO ADD LONGS WITH STOP LOSS BELOW THURSDAY 2ND AUGUST LOWS OF 11274 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 03 AUG NIFTY FUTURE OPENED GAP DOWN  AT 11344 VERY NEAR THE LOW OF WEDNESDAY AT 11341. THE GAP DOWN OPEN BEING HIGH OF THE DAY WAS A VERY CLEAR TECHNICAL INDICATION TO QUIT ALL LONGS AND TRADE SHORT. SHORTS ARE HELD AND CARRIED OVER  AND WILL ONLY BE REVERED FOR  LONGS AGAIN ONLY IF NIFTY FUTURE RISES TO BREACH AND CLOSE ABOVE 11350 FUTURES. TILL THIS HAPPENS EVERY RISE IS TO BE SHORTED  WITH VIGOR TILL A TURN AROUND TAKES PLACE TO CLOSE ABOVE THURSDAY 2ND  AUGUST HIGHS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 02 AUG INDICES CONTINUE TO MAKE HIGHER LOWS AND HIGHER HIGHS TYPICAL OF A FRESH BREAKOUT UP MOVE AFTER THE BIG CORRECTION OF NEARLY 6 MONTHS. THE PAUSE ON TUESDAY WAS THE RIGHT SETUP AFTER SO MANY DAYS OF RISE AND THE PAUSE SETS THE TONE FOR ANOTHER SERIES OF UP MOVES. THIS PATTERN WILL CONTINUE THAT WILL SEE MORE AND MORE PEOPLE ENTERING THE MARKETS ON INTRADAY DECLINES. ONLY ON BREACH AND MORE IMPORTANTLY A CLOSE BELOW PREVIOUS TWO DAYS LOWS WILL BE THE SIGNAL FOR BIGGER CORRECTION OR RESUMPTION OF THE DOWN MOVE.

NIFTY NOW IS HEADED FOR MUCH HIGHER LEVELS IN NEXT FEW DAYS  WITH MILD PAUSES AND CORRECTIONS IN BETWEEN. HAVE TRAILING STOP LOSS BELOW 30 JULY LOWS OF 11260 SPOT ON A CLOSING BASIS AND USE EVERY INTRADAY DECLINE TOWARDS 11300 SPOT  OR PREVIOUS DAYS LOWS TO BUY FUTURES AND CALLS. FOR HEDGING PURPOSE ONE MAY WRITE CALLS OF 11400 IF HOLDING SWING LONGS AFTER NIFTY BREACHED EARLIER LIFE TIME HIGHS OF 11171 SPOT.. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 01 AUG TUESDAY SAW SENSEX RISING  FOR THE 8TH CONSECUTIVE DAY AND STILL LOOKS ROBUST FOR SOME MORE RISE. ALL SWING LONG HOLDERS SHOULD HOLD THE SWING LONGS WITH STOP LOSS MUST BELOW 11270 SPOT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS TO QUIT LONGS AND TRADE SHORT. MOST LIKELY RBI IS GOING TO PLAY SPOILSPORTS FOR THE BULLISH MOMENTUM THAT MAY PUT A BREAK TO THE UP MOVE. IF THAT HAPPENS ONE MAY EXPECT A PAUSE OR MILD CORRECTION FOR A FEW DAYS BEFORE THE RESUMPTION OF THE UP MOVE.

AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW 10920 SPOT FOR A DAY OR TWO THE BREAKOUT UP MOVE SHOULD CONTINUE TOWARDS MUCH HIGHER LEVELS COMPLETELY DISREGARDING  THE EARLIER BEARISH OUTLOOK THAT WE CARRIED A FEW WEEKS BEFORE.AS OF NOW NIFTY CERTAINLY LOOKS MEGA BULLISH EVEN THOUGH THE VOLUME OF LAST THREE DAYS HAVE BEEN COMPARATIVELY MUCH LOWER COUPLED WITH DIVERGENCES BETWEEN PRICE AND CRITICAL INDICATORS.

FOR INTRADAY TRADING ON WEDNESDAY, NIFTY FUTURES SLIDING TO STAY BELOW 11350 MAY BE THE FIRST SIGN OF INTRADAY WEAKNESS AND FURTHER SLIDE TOWARDS 11033 CAN SEE NIFTY FUTURES BEING ATTRACTED TOWARDS TUESDAY’S LOWS OF 11290 WITH A SPRING BOARD JUMPING ACTION AROUND 11011. A CLOSURE OF A 30 MINUTE CANDLE OR EVEN A 15 MINUTE CANDLE BELOW 11011 FUTURES MAY TRIGGER PANICKY AMONG HALF HEARTED BULLS TO POCKET WHATEVER POSSIBLE AND RUN AWAY.

ON THE HIGHER SIDE, PSYCHOLOGICAL LEVEL OF 11400 MAY POSE AS A RESISTANCE , A BREACH AND STAY ABOVE WHICH MAY SEE ANOTHER 40 TO 50 POINT SHORT COVERING INTRADAY RISE WHICH MAY EVEN INVITE HARD CORE BEARS TO JOIN THE BULLS PARTY ONLY TO BE DISAPPOINTED A LITTLE LATER REPENTING AS TO WHY DID THEY JOIN HANDS WITH THE HEFTY BULLS. JUST IGNORE DOW & HIGHLY MANIPULATED SGX NIFTY, EVEN MERE LOOKING AT THESE WILL MISGUIDE TRADERS.

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

ALL SWING LONGS INITIATED ON THURSDAY AFTER NIFTY BREACHED LIFE TIME HIGHS OF 11171 SPOT SHOULD BE HELD AND STOP LOSS BE BROUGHT UP TO JUST BELOW 11250 SPOT & 11270 FUTURES AT LEAST ON A 30 MINUTE CANDLE CLOSING BASIS & NOT MERE BREACH OF THESE LEVELS. USE GAP DOWNS OR SLIDES TOWARDS THESE LEVELS TO ADD ON TO THE LONG FUTURE POSITIONS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 30 JULY THE MONSTER WEEKLY CANDLE OF NIFTY, THE LARGEST WEEKLY GREEN CANDLE SINCE FEB 2017 DEPICTS THE BREAK OUT POWER OF NIFTY. NOT ONLY IT DID SHOOT PAST THE EARLIER LIFE TIME HIGHS OF 11171 SPOT BUT ALSO BEAT IT HOLLOW BY MORE THAN 100 POINTS TO MAKE ANOTHER NEW LIFE  TIME HIGH OF 11283 TO CLOSE VERY NEAR THE WEEKLY HIGH OF 11278 SPOT.

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

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

HOWEVER AS OF NOW, HOLDERS OF SWING LONGS AND BOUGHT LOWER CALLS HOLDERS  NEED NOT WORRY AT ALL AS LONG AS SPOT NIFTY CONTINUES TO TRADE ABOVE 24TH JULY BREAK OUT CANDLE LOWS OF 11088 SPOT. EVEN A BREACH AND MORE IMPORTANTLY A CLOSURE OF A DAILY CANDLE BELOW THE NEW LIFE TIME HIGH MAKING 27TH JULY CANDLE LOWS OF 11211 SPOT IS GOOD ENOUGH TO START QUITTING  LONGS OR START HEDGING THE LONGS BY WRITING HIGHER CALLS. TILL THESE HAPPEN, IT IS WISER TO LOOK FOR INTRADAY DECLINES TOWARDS PREVIOUS DAY’S LOWS OR EVEN INTRADAY  PAUSES TO BOLDLY TRADE LONG FOR INTRADAY GAINS.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 27 JULY AFTER THE EXPECTED MILD PAUSE OF WEDNESDAY, NIFTY TOOK OFF SKYWARDS ON THURSDAY  AND AS LONG AS 11123 SPOT AND 11150 FUTURE ARE NOT VIOLATED  BY CLOSURE OF A 30 MINUTE CANDLE BELOW EACH OF THESE LEVELS, EVERY INTRADAY DECLINE  WHICH COMES ALMOST DAILY MUST BE USED TO BOLDLY BUY FUTURES AND LOWER CALLS. HEDGING SHOULD BE DONE BY WRITING HIGHER CALLS OF 11200 OR HIGHER.

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

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

FOR INTRADAY TRADING PURPOSE ONE SHOULD NORMALLY EXPECT A GAP UP BUT WHETHER THE GAP UP SUSTAINS OR NOT, HAS TO BE SEEN AS DAILY AND INTRADAY INDICATORS HAVE STARTED TO DISPLAY OVERBOUGHT SIGNALS.IN ANY CASE NIFTY FUTURES BREACHING AND STAYING  BELOW 11180 WILL BE FIRST SIGN OF WEAKNESS TO START REDUCING LONG POSITIONS & A SLIDE TO CLOSE A 30 MINUTE CANDLE BELOW 11150 FUTURES IS A SIGNAL TO TRADE SHORT. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 26 JULY EXPIRY DAY , SO, NO FRESH TRADE IS BEST TRADE FOR THE DAY. IF STILL WANT TO TRADE THEN WAIT AND WAIT FOR SUFFICIENT DECLINE IN NIFTY TO BOLDLY BUY AUGUST FUTURES AND WITH IT MERCILESSLY SHORT AUGUST 11200 & HIGHER CALLS ON NIFTY RISE.

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

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

 

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

ANY PAUSE OR DECLINE IS A GOLDEN BUYING OPPORTUNITY TO AT LEAST SEE THE TARGET OF 11226 SPOT IN QUICK TIME. STOP LOSS CAN BE BELOW TUESDAY’S LOWS OF 11090 SPOT  ON A 30 MINUTE CANDLE CLOSING BASIS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 24 JULY NIFTY CLOSED THE DAY  AT  11079 SPOT & 11095 FUTURES ABOVE THE EARLIER SWING HIGHS OF 12TH JULY LEVELS OF 11078 SPOT & 11069 FUTURES WHICH CERTAINLY IS A BULLISH SIGNAL SUGGESTING TRADERS TO BOLDLY BUY ON INTRADAY DECLINES OR INITIAL PULL DOWN INFLICTED BY HIGHLY MANIPULATED SGX NIFTY IN THE MORNING OF TUESDAY. HAVE STOP LOSS BELOW 11055 SPOT AND FUTURES ON A 30 MINUTE CANDLE CLOSING BASIS AND BOLDLY BUY ON PULL DOWN TOWARDS THESE LEVELS.

 WITH SENSEX HAVING MADE NEW LIFE TIME HIGHS, IT IS JUST A MATTER OF TIME NIFTY TOO MAKE NEW LIFE TIME HIGHS ABOVE 29TH JANUARY HIGHS OF 11171 ON OR BEFORE THE JULY EXPIRY. SO USE DECLINES AS GOLDEN OPPORTUNITY TO BUY DECLINES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 23 JULY NIFTY CLOSED THE WEEK ON A FLATTISH NOTE THAT MAY BE REPEATED FOR THE COMING EXPIRY WEEK TOO. TECHNICALLY, NIFTY TOOK A WEEKLY PAUSE AFTER THE MONSTER WEEKLY BREAKOUT GREEN CANDLE FOR THE WEEKENDING 13TH JULY.

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

SIMILARLY ON THE HIGHER SIDE A RISE BY NIFTY TO BREACH AND CLOSE A CANDLE ABOVE 11080 SPOT AND FUTURES IS A BULLISH INDICATION THAT WILL TRIGGER MASSIVE SHORT COVERING FOR MUCH HIGHER LEVELS.   (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 20 JULY NIFTY CLOSED FLAT AROUND WEDNESDAY’S LEVELS & ALL THOSE WHO BOUGHT THE DECLINES TOWARDS TUESDAY’S LOWS, MADE EXCELLENT INTRADAY GAINS BY END OF THE DAY. INITIALLY A FAILURE BY NIFTY FUTURES TO REACH AND BREACH OUR EARLIER GIVEN MAGIC LEVEL OF 11011 FUTURES GAVE SHORTING TRADES FOR GOOD INTRADAY GAINS.

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

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

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

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

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

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

HOWEVER A SLIDE BY NIFTY TO BREACH  10088 SPOT & 11008 FUTURES TO CLOSE EVEN A 15 MINUTE CANDLE BELOW THESE LEVELS WILL SEE FURTHER FALLS. SIMILARLY A FOLLOW UP RISE ON WEDNESDAY TO BREACH 11050 SPOT AND FUTURES TO CLOSE A 15 MINUTE CANDLE ABOVE IT CAN SEE FURTHER UPSIDE TOWARDS NEW SWING HIGHS OF 11078 SPOT AND 11069 FUTURES. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 17 JULY TECHNICALLY, NIFTY LOOKS WEAK ON BREACHING  AND MORE IMPORTANTLY CLOSING BELOW WEEKLY HIGH MAKING 12TH JULY DAILY CANDLE LOWS OF 10999 SPOT & 10976 FUTURES. SWING SHORTS INITIATED ON NIFTY FUTURES BELOW THESE LEVELS BE HELD WITH STOP LOSS ABOVE 12TH JULY SWING HIGHS OF 11077 SPOT & 11069 FUTURES ON A CLOSING BASIS TO QUIT SHORTS AND REVERSE FOR LONG TRADES. OPTION WRITERS OF 11000 CALLS WHO INITIATED SHORTS TODAY CAN CONTINUE HOLDING THE SHORTED 11000 CALLS TILL NIFTY  BREACHES AND CLOSE ABOVE 11077 SPOT.

FROM 28TH JUNE SWING LOWS OF 10557 SPOT & FUTURES NIFTY HAS GONE UP TILL 12TH JULY SWING HIGHS OF 11078 SPOT & 11069 FUTURES WHICH WAS MORE THAN 500 POINTS. NIFTY WILL AT LEAST CORRECT DOWN TO VARIOUS FIBO LEVELS OF 38.2%  TILL 10878 SPOT & 10874 FUTURES, 50% TILL 10818 SPOT & 10813 FUTURES & 61.8% TILL 10758 SPOT & 10753 FUTURES. IN CASE THE RETRACEMENT RISE IS OVER THAN ONE CAN CONFIDENTLY HOPE FOR MUCH LOWER LEVELS AS PART OF THE MEGA BEAR MARKETS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 16 JULY THE WEEKLY CLOSURE OF NIFTY AT 11018 IN THE FORM OF A MONSTER WEEKLY GREEN CANDLE HIGH ABOVE PREVIOUS WEEK’S HIGH OF 10816 AND BREACHING AND CLOSING ABOVE ITS EARLIER 15TH MAY  SWING HIGH OF 10929 IS A SIGN OF GREAT STRENGTH ON A WEEKLY BASIS SUGGESTING TRADERS TO LOOKF FOR DECLINES OR FRIDAY TYPE PAUSE FOR A DAY OR TWO MORE TO BOLDLY BUY FOR GOOD GAINS PURELY ON THE STRENGTH OF WEEKLY CHARTS.BUT REMEMBER , IN INDIAN STOCK MARKET WHEN THINGS LOOK HIGHLY BULLISH  THE MANIPULATORS PLAY THEIR NASTY GAME OF PULLING DOWN THE MARKETS TO WEED OUT WEAKER HANDS & ALSO  TRAP THE BULLS  & WHEN IT LOOKS HIGHLY BEARISH AND WEAK THEN THE MANIPULATORS SPRING INTO ACTION TO LIFT IT UP TO TRAP THE BEARS.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 09 JULY NIFTY HAD A BULLISH WEEKLY  & DAILY CLOSE, CLOSING THE WEEK AS A GREEN WEEKLY HAMMER  AND A DAILY INVERTED GREEN HAMMER SUGGESTING LOOK FOR DECLINES TO BOLDLY BUY AS LONG AS NIFTY DOES NOT FALL TO CLOSE BELOW  FRIDAY’S LOWS OF 10730 SPOT & FUTURES, AND IF THIS HAPPENS THEN QUIT ALL NIFTY LONGS AND DOUBLE SHORT 10800 CALLS AND ALSO BUY 10700 PUTS.

ON THE HIGHER SIDE , ANY DAY IN CASE NIFTY RISES & MORE IMPORTANTLY STAYS  ABOVE FRIDAY’S HIGHS OF 10818 SPOT AND FUTURES THEN ADD MORE LONG FUTURES FOR MUCH HIGHER LEVELS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

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

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

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

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

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

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

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

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

MARKETS FOR 03 JULY NIFTY WHICH HAD TESTED & BREACHED THE CRITICAL 50 DMA ON FRIDAY, FAILED TO SUSTAIN ABOVE IT ON MONDAY AND CLOSED NOT ONLY MUCH BELOW THE 50 DMA BUT ALSO BELOW  THE CRITICAL DUO OF 34 DAY EMA & 21 DAY EMA. SO, ANY INTRADAY RISE TOWARDS FRIDAYS OR MONDAY’S HIGHS CAN BE USED TO BOLDLY ADD ON TO THE SWING SHORTS AND WRITE MORE 10800 CALLS. NIFTY LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS. HOWEVER SOME STOCKS UNDER GOOD NEWS MAY SEE GOOD GAINS EVEN IF NIFTY FALLS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 02 JULY NIFTY MOVED UP ON FRIDAY EXACTLY AS WAS EXPECTED AND DON’T BE SURPRISED TO SEE SOME MORE UP MOVE IN NIFTY  BEFORE BEARS ARE COMPLETELY WIPED OUT. A FURTHER RISE WILL ESTABLISH A PERFECT PLATFORM  FOR A MUCH BIGGER FALL TO INITIALLY TEST 100 DMA AROUND 10535 FOLLOWED BY 200 DMA AROUND 10444 FOR MUCH BIGGER FALLS. THE RISE ON FRIDAY WAS A RETRACEMENT RISE TO RETRACE A PORTION OF  BIG TWO DAYS OF FALLS ON WEDNESDAY & THURSDAY FROM HIGHS OF 10785 TO LOW OF 10557.

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

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

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

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

 

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

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

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

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

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 28 JUNE  NIFTY OPTION WRITERS AND FUTURE SHORTERS FROM MONDAY REAPED HANDSOME GAINS ON WEDNESDAY BY BOOKING PROFIT NEAR DAY END WHEN NIFTY WAS NEAR THE DAY LOWS. NIFTY 10700 PUT WRITERS ARE FULLY PROTECTED BY NIFTY FUTURE SHORTERS OF JULY SERIES.NOW NIFTY HAVING CLOSED BELOW 10700 SPOT AND FUTURE LEVELS ON WEDNESDAY, LOOKS HIGHLY VULNERABLE FOR BIGGER FALLS AS PART OF THE MEGA BEAR MARKET.

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

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

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

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

SINCE EVERYONE IS BEARISH, ONE SHOULD NOT BE SURPRISED TO FIND WEDNESDAY BEING A BULLISH DAY OR AT LEAST SIMILAR TO TUESDAY. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

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

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

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

SOME STOCKS WILL MOVE UP AND SOME WILL FALL. ANOTHER DECEPTIVE ANNOUNCEMENT WAS MADE THIS MORNING TO LIFT BIOCON BUT EVERYONE REMEMBERED THE DECEPTIVE ANNOUNCEMENT OF 5TH JUNE AND MERCILESSLY SHORTED BIOCON FUTURES TO SEE IT FALLING FROM 645 TO 633 AND WILL BE PULLED DOWN MORE TO FOOL EVERYONE AGAIN. ITS 640 AND HIGHER CALLS WERE HAMMERED OUT OF SHAPE FOR GREAT GAINS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

MARKETS FOR 25 JUNE     NIFTY MADE A RESOUNDING BOUNCE ON FRIDAY  AND CLOSED AT 10821 SPOT AND 10834 FUTURES ABOVE ITS PREVIOUS WEEK’S CLOSINGS OF 10817 SPOT & 10814 FUTURES. HOWEVER  DURING THE WEEK, NIFTY MADE A LOWER WEEKLY HIGH AND LOWER WEEKLY LOW.  TILL SUCH TIME NIFTY DOES NOT RISE TO CLOSE ABOVE 15TH MAY SWING HIGH OF 10929 SPOT EVERY RISE TOWARDS THE WEEK ENDING 15TH JUNE HIGHS OF 10893 SPOT IS TO BE CONSIDERED AS DECEPTIVE AND BULL TRAPS TO ALLURE BULLS INTO BUYING MODE AND THEN TRAP AND STRANGULATE THE BULLS.. SO, HOLD ON TO THE SHORTED CALLS OF 10800 AND USE RISES TO SHORT 10900 CALLS ALSO. WITH A STOP LOSS ABOVE 10838 SPOT ON AT LEAST A 30 MINUTE CANDLE CLOSING BASIS TO QUIT THE SHORTS PLAN TO START GOING LONG GRADUALLY.

(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

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

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

LAST WEEK NIFTY HAD A WEEKLY CLOSING AT 10818 SPOT & 10814 FUTURES WITH WEEKLY LOWS AROUND 10755 SPOT & 10735 FUTURES. THIS FRIDAY 22ND JUNE NIFTY SHOULD NOT CLOSE  BELOW THESE LEVELS & IF IT DOES SO, THEN ONE CAN BE REASONABLY SURE OF THE RESUMPTION OF THE MEGA BEAR MARKET (SUBJECT TO HOW THE MONSTER MANIPULATORS IN U.S. ADJUST DOW TO DECEIVE REST OF THE WORLD MARKETS NEXT WEEK)BETTER TO TRADE OPTIONS AT LEAST TILL END OF FRIDAY 22ND JUNE AND FROM MONDAY ONE CAN TRADE FUTURES, HOWEVER BRUTAL SHORTING OF 10800 CALLS CAN CONTINUE ON EVERY INTRADAY RISE. A CLOSE BELOW 10700 SPOT WILL BE  ENOUGH INDICATION THAT MEGA BEAR MARKET HAS RESUMED TO GO MEGA SHORTS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

 

 MARKETS FOR 21 JUNE   NIFTY AS WAS PREDICTED  REMAINED BULLISH FOR THE DAY AND SEEMS TO HAVE COMPLETED ITS QUOTA OF RISE. NIFTY CLOSED THE DAY AROUND 10772 SPOT & 10790 FUTURES. SO, A FAILURE TO SHOW FOLLOW UP ACTION TO BREACH AND MORE IMPORTANTLY STAY ABOVE 10800 TO 10818 FUTURE ZONE  ON THURSDAY CAN BE USED TO TRADE SHORT  WITH STOP LOSS ABOVE 10808 ON AT LEAST A 15 MINUTE CANDLE CLOSING BASIS TO REVERSE AND TRADE LONG AGAIN.

ON ANY DAY, A RISE TO BREACH AND STAY ABOVE 10838 SPOT AND FUTURES CAN SEE MUCH HIGHER LEVELS A SLIDE TO BREACH AND STAY BELOW 10755 CAN BE USED TO DOUBLE SHORT 10800 CALLS & BUY 10800 OR 10700 PUTS FOR GOOD INTRADAY GAINS. STOCKS WHICH HAVE NOT MOVED UP ON THURSDAY CAN SHOW A GOOD UP MOVE ON THURSDAY EVEN IF NIFTY MAY NOT RISE MUCH(INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 20 JUNE    BE ABSOLUTELY SURE TRUMP WILL MAKE SOME SORT OF A COMPROMISING STATEMENT OR SOME OF HIS AIDS WILL SEND FILLERS THAT A COMPROMISE HAS BEEN REACHED ON TRADE WAR WITH CHINA SIMILAR TO THE RHETORIC OF APRIL AND MAY ON TRADE WAR AND NORTH KOREA. HOWEVER CONTINUE TO USE SLIGHTEST OF INTRADAY RISE TO BOLDLY SHORT 10800 AND HIGHER CALLS. SIMILARLY SLIDE BELOW 10700  SHOULD BE USED TO WRITE 10600 AND LOWER PUTS.

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

TECHNICALLY THE INTRADAY INDICATORS LOOK HIGHLY OVERSOLD, SUGGESTING ONE TO  USE OPENING DECLINES TO WRITE LOWER PUTS & SAFE TRADERS MAY BUY 10700 CALLS FOR QUICK GAINS. THE VOLUME OF EACH THE FALLING DAYS OF MONDAY & TUESDAY WAS LOWER THAN THE RISING DAY VOLUME OF FRIDAY. SO, USE THE GAP DOWN TO BUY CALLS OR WRITE LOWER PUTS FOR QUICK GAINS. FOR EVERY BUY OF 10700 CALLS, ONE CAN DOUBLE SHORT HIGHER 10800 CALLS TO POCKET THE PREMIUM. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 19 JUNE    MAKE BEST USE OF DOW’S OVERNIGHT FALL & HIGHLY MANIPULATED  & VERY LOW VOLUME TRADED SGX NIFTY INDICATIONS TO BUY THE GAP DOWN FOR GOOD INTRADAY GAINS. IF ONE THINKS THAT DOW HAS FALLEN SO NIFTY HAS TO FALL, THEN DOW HAS ALREADY FALLEN FOR FIVE DAYS IN A ROW AND IS READY FOR A SOLID BOUNCE ON TUESDAY NIGHT THAT SHOULD BE FULLY TAKEN ADVANTAGE OF TO BUY DECLINES WHICH MAY BE DUE TO THE MANIPULATED SGX NIFTY OR ALMOST ZERO VOLUME DOW FUTURES WHICH WILL BE KEPT NEGATIVE DURING ASIAN TRADING HOURS IF DOW HAS TO RISE IN THE NIGHT.

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

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

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

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

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

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

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

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

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

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

ON THE HIGHER SIDE A RISE TO BREACH AND MORE IMPORTANTLY A CLOSURE OF A 30 MINUTE CANDLE ABOVE 10717 SPOT & 10722 FUTURES IS A SIGN OF STRENGTH TO BOLDLY TRADE LONG FOR QUICK GAINS. HOLD THE WRITTEN 10400 PUTS AND ALSO WRITTEN CALLS OF 10700 FOR VERY GOOD GAINS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 06 JUNE NIFTY LOOKS BULLISH FOR WEDNESDAY IN SPITE OF RBI RATE ANNOUNCEMENT. ALMOST ALL ANALYSTS ARE OF THE OPINION THAT THE GUV WILL HIKE RATES. SO IT IS ALREADY BUILT IN THE PRICE THAT HAS SEEN TREE DAYS OF FALLS. ONE SHOULD BE PREPARED TO SEE A GOOD RISE AFTER THE RATE HIKE ANNOUNCEMENT. IN CASE THERE IS NO RATE HIKE THEN ONE CAN SEE MASSIVE SHORT COVERING THAT MAY PROPEL NIFTY & BANK NIFTY TOWARDS MUCH HIGHER LEVELS AS PART OF THE RETRACEMENT RISE TO THE OVERALL BEAR MARKET.

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

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

 FOR INTRADAY TRADING PURPOSE NIFTY  BREACHING AND STAYING BELOW 10565 SPOT & 10580 FUTURES  IS A SIGN OF WEAKNESS  AND ON THE HIGHER SIDE BREACHING AND STAYING ABOVE TUESDAY’S HIGHS IS A SIGN OF STRENGTH. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)

MARKETS FOR 05 JUNE DOW FUTURE WAS KEPT UP  BUT THE SAME MANIPULATORS PULLED NIFTY DOWN AFTER MOST OF THE FINANCIAL CHANNEL ANCHORS WERE  SUGGESTING TO BUY BEFORE THE MARKET OPENING ON THE PRETEXT OF FRIDAY’S JOB REPORT IN U.S.. NIFTY MAY BE PULLED DOWN FOR ONE MORE DAY TO START LOOKING UPWARDS FROM WEDNESDAY ONWARDS WHEN DOW MAY START TO FALL AND NIFTY WILL RISE TO FOOL EVERYONE AS WAS DONE ON MONDAY & LIKELY TO HAPPEN ON TUESDAY.

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

FOR INTRADAY TRADING PURPOSE ON TUESDAY. A FURTHER FOLLOW UP SLIDE BY NIFTY TO BREACH AND CLOSE A CANDLE BELOW 30TH MAY LOWS OF 10555 BOTH SPOT & FUTURES SHOULD BE THE GO AHEAD SIGNAL TO GO MEGA SHORTS. SIMILARLY A RISE BY NIFTY TO BREACH AND CLOSE A CANDLE ABOVE 10707 SPOT & 10686 FUTURES IS A CLEAR SIGNAL TO GO MEGA LONGS. THIS IS NOT ONLY FOR INTRADAY TRADING ON TUESDAY BUT CAN BE USED FOR ANY DAY ANY SESSION. SMALLEST OF INTRADAY RISES CAN BE USED TO MERCILESSLY SHORT HIGHER CALLS OF 10800 AND DECLINES BE USED TO SELL 10400 PUTS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)  

MARKETS FOR 04 JUNE ALTHOUGH NIFTY WAS PULLED DOWN  DURING THE LAST HOUR ON FRIDAY, IT STILL MANAGED TO CLOSE ON A BULLISH WEEKLY NOTE HAVING CLOSED AT 10696 SPOT, HIGH ABOVE ITS PREVIOUS WEEKENDING  25TH MAY WEEKLY HAMMER HIGH OF 10628. TECHNICALLY THIS IS A BULLISH SIGNAL AND AFTER A DAY OR TWO OF PAUSE OR MILD CORRECTION DULY INDUCED BY NEGATIVE DOW FUTURES, EXPECT NIFTY TO REGAIN ITS  BULLISH MOMENTUM TO CONTINUE ITS RETRACEMENT RISE  TO TRY AND MAKE AN ATTEMPT AT RETESTING 15TH MAY PIN BAR HIGH OF 10929 SPOT. HOWEVER TILL THAT HAPPENS BE ABSOLUTELY SURE DOW & ITS FUTURES WILL BE SUITABLY MANIPULATED TO SEE THAT THERE IS NO FREE RIDE FOR NIFTY TOWARDS  15TH MAY PIN BAR HIGH OF 10929.

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

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

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

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

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

FOR FRIDAY, AS LONG AS SPOT NIFTY DOES NOT FALL TO CLOSE A 30 MINUTE CANDLE BELOW 10650, IT IS BULLISH AND EVERY DECLINE TOWARDS 10700 SPOT IS A BUY WITH 10 TO 15 POINT STOP LOSS TO REVERSE AND TRADE SHORT. ADD MORE SHORTS IF A 30 MINUTE CANDLE CLOSES BELOW 10650 SPOT. A RISE BY SPOT NIFTY TO BREACH AND STAY ABOVE 10766 IS A BULLISH SIGNAL TO ADD MORE LONGS. (INTRADAY TRADING LEVELS TO TRADE BOTH LONG AND SHORT ON AN INTRADAY BASIS BASED ON INTRADAY TECHNICAL INDICATIONS FOR FUTURES AND OPTIONS  ARE FOR SUBSCRIBERS ONLY)  

 

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

 (INTRADAY TRADING LEVELS FOR SUBSCRIBERS ONLY)

 

IMPORTANT POINTS FOR OPTION TRADERS

 

AS OPTION TRADER REMEMBER CERTAIN GOLDEN RULES FOR OPTION TRADING

  

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

     

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

      

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

      

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

      

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

 

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

 

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

 

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

 

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

 

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

 

 

 

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

 

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