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Tuesday, September 24, 2013

EXPIRY EXPECTATIONS

A BULLISH WW MAY DEVELOP IN NS 5MIN 5 DAY CHARTS

NS MAY HAVE FORMED PT4 NEAR 5938 OR MAY FORM NEAR THESE LEVELS

THEN MAY DIP BELOW 5800 LEVELS TILL TOMORROW TO FORM PT5 AND SHALL MOVE 


UP TOWARDS 5940-50 RANGE FOR TRGT TILL THURSDAY

IF NIFTY MOVES AS PER THIS PATTERN THEN MAY EXPECT STRONG VOLATILITY IN 


NEXT 2 DAYS OF THIS EXPIRY

PINK LINE IS SL LINE FOR THIS PATTERN AS BREAKOUT ABV WILL BE

BULLISH

Friday, September 13, 2013

FRACTALS

some more fractals in daily charts

in left part a contracting triangle was formed as shown in blue lines and pt5 busted out of line joining pts 1 and 3 and expected trgt price was reached at expected time in same way as we do in WW pattern

this contracting triangle pattern is repeating in right side in violet lines

pt5 got busted again out of line joining 1 and 3

if we draw the line joining pts 1 an 4 in black line in running contracting triangle pattern (similarly as in left side pattern in red line)for evaluating trgt price then i am getting it abv 7100...whopping number and by time may take 4-5months 

Monday, August 19, 2013

nifty views updated

posted on 8th aug

i am expecting nifty may show some bounce towards 5700 

-5730-5770 in next week from 5445-50 levels

if could not break abv 5770 range on closing

 basis then may expect another round of 

downmove will start for near 5050 levels

buy aggressively near 5410-5430 range with sl 

below 5370

trgts 5570

will update near 5570 again,if could not break

 abv it then may soon trgt 5200 near levels

Thursday, August 15, 2013

HAPPY INDEPENDENCE DAY TO ALL


स्वतंत्रता दिवस के अवसर पर आप सभी का अभिनन्दन एवं हार्दिक

 शुभकामनाएँ।



Thursday, August 8, 2013

views updated


plz revise sl abv 5605 for shorts near 5572-82 range instead of 5591(upper T/L of channel pattern in black lines

nifty views

a small bearish WW may be developing in 5min charts

pt4 may have been done near 5512

pt 5 may be formed abv 5572

and trgt near 5445-55 range  on monday eod or tuesday morning
Trading advice:
sell nifty today on any upmove abv 5572(in 5572-83 range) with sl abv 5591 or sell if trade below 5510 with days high as sl
trgts 5445-55 range(but exit shorts near 5477 or trail with strict TSL)
below 5440 sustaining may trgt 5410 also next week
cmp 5528ns

i am expecting nifty may show some bounce towards 5700 -5730-5770 in next week from 5445-50 levels

if could not break abv 5770 range on closing basis then may expect another round of downmove will start for near 5050 levels

Sunday, August 4, 2013

MCDOWELL

MCDOWELL MAY BOUNCE STRONGLY FROM EITHER FRIDAY LOWS OR NEAR 2200

SL CLOSE BELOW 2170

TRGTS ABV 2900
BELOW 2170 IF SUSTAINS MAY TRGT 2000 IMMEDIATELY

NIFTY VIEWS

IF DIAMOND PATTERN HOLDS THEN PROBABLY TILL TUESDAY NIFTY MAY MAKE LOWS OF THIS DOWNMOVE MAY BE NEAR 5608-5622 RANGE(LOWER T/L OF DIAMOND PATTERN)

BUY ALL DIPS BELOW 5630NS LEVELS

SL BELOW 5577NS LEVELS

TRGT ABV 5970

UPPER T/L OF DIAMOND PATTERN

DIAMOND PATTERN

Diamond patterns usually form over several months in very active markets. Volume remains high during the formation of this pattern. The Diamond Top indicates a reversal to a downtrend.

The Diamond Top pattern occurs because prices create higher highs and lower lows in a broadening pattern. Then the trading range gradually narrows after the highs peak and the lows start trending upward. The Technical Analysis occurs when prices break downward out of the

diamond formation.

Monday, July 29, 2013

Self Confidence Is The Biggest Asset


A Businessman was deep in debt and could not see any way out.
Creditors and Suppliers were demanding payments. He sat in the park, deep in thought, wondering if anything could save his company from bankruptcy.
Suddenly an old man appeared before him and asked,
"I can see that something is troubling you seriously".
After listening patiently the old man said,
"I believe I can help you".
He asked the man his name, wrote out a cheque and put it into his hands saying,
"Take this money, meet me here exactly one year from today... and you can pay me back at that time".
Then he turned and disappeared as quickly as he had come.
The businessman saw in his hands a cheque for $ 500,000... signed by Warren Buffet, one of the richest men in the world.
"I can erase my worries instantly" he realized.
But instead, the man decided to put the uncashed cheque in his safe, knowing that it might give him the strength to work out to save his business and to use this only in case of dire emergency.
With changed thinking he negotiated better deals,restructured his business and worked rigorously with full zeal and enthusiasm and got several big deals.
Within few months, he was out of debt and started making money once again.
Exactly one year later he returned to the park with the uncashed cheque.
As agreed, the old man appeared.
But just as the businessman was about to hand him back the cheque and share his success story, a nurse came running up and grabbed the old man.
"I’m so glad I caught him" she cried.
"I hope he hasn’t been bothering you much.
He always escapes from the mental hospital and tells people that he is Warren Buffet",
saying this she took the old man away.
The surprised man just stood there, stunned!
All year long he had been dealing thinking that
he had half a million dollars behind him...
Its not the money, real or imagined that turns our life around.
It is our Self-confidence that gives us the power to achieve anything & everything that we want.

Friday, July 26, 2013

BULLISH WW PATTERN IN BANK NIFTY

IF THE BELOW PATTERN IS A VALID +WW PATTERN 

THEN AS PER SYMMETRY OF PATTERN BN MAY FORM PT5 TODAY 

LOWS SO FAR IN BN IS 10421

MAY MAKE A  LOWER LOW NEAR 10380-10400 RANGE

START ACCUMULATING LONGS FROM HERE IN BN WITH SL BELOW 100PTS FROM BUY RATE OR AS PER YOUR RISK CAPACITY 

TRGTS 11300-400 IN 10-12 SESSIONS

CORRESPONDINGLY NIFTY MAY MAKE A LOWER LOW NEAR 5880NS LEVELS







Thursday, July 25, 2013

NIFTY VIEWS

tomorrow nifty may trade in 5960-6016 ns range
BN may also make a lower low near 10652 tomorrow and BN may trade in 10652-10906range
all levels are spot levels

TOMORROW BUY AGGRESSIVELY AT  LOWS NEAR
NS 5960 AND
BN 10652

EXPECTING A GOOD BOUNCE IN NIFTY AND BN FROM THESE LEVELS

KEEP SL BELOW 5883NS AND 10390 IN BN

Wednesday, July 24, 2013

bank nifty views

lows so far in BN is 10698

start accumulating longs in 10690-10660 range for good upmove in BN in coming days

sl below 10622

NIFTY BULLISH VIEWS FOR AUGUST

NOW SINCE A MOVE TOWARDS 6080 IS DONE (HIGH MADE WAS 6094 YESTERDAY)

THOSE WHO HAVE SHORTED NEAR 6080 MAY COVER THEIR SHORTS HERE AT 5960-70 RANGE

START ACCUMULATING LONGS HERE WITH SL BELOW 5884NS FOR TRGTS 6068-6134-6219 TILL 15TH AUGUST

MY GUESS FOR EXPIRY IS 

NIFTY MAY TRADE IN TIGHT RANGE OF 5960-6016 TILL EXPIRY

PLZ DONT BUY 6000CE AND PE AGGRESSIVELY AS TOTAL PREM IS NEAR 66 AS OF NOW AND IF MY GUESS IS RIGHT THEN IT WILL BE MADE 0-10 TILL EOD TOMORROW

IF WANT TO TRADE IN OPTIONS BUY 5800CE WHEN NIFTY COMES NEAR 168-172 RANGE WITH SL BELOW 144 

OR BUY 6100PE WHEN NIFTY COMES NEAR 6005-08 RANGE

Tuesday, July 16, 2013

nifty views

a bearish WW may develop in 30min charts 


5887 may form pt4 of -WW pattern


........if didnt break below 5878  then i guess nifty may 


see a bounce for 6080 levels till july end to form pt5 

of  -WW pattern


buy all dips near 5890-5900ns range with small sl



nifty then may again dip towards a lower low for 


5860 levels to complete a -WW pattern

Tuesday, July 2, 2013

nifty intraday views

NS 5885CMP


Buy NIFTY on dips near 5858-63ns range with sl 

below 5848
\

trgts 5908-13 range intraday



meantime may sell nifty at 5885ns cmp 



sl abv 5888ns



trgts 5881-70-59



may be near 12.20pm

Thursday, June 27, 2013

nifty views

positional call:

a bullish WW may be developing in ns charts

ns may have formed pt4 near 5699 today

may dip towards 5440 next week till wed or thu

and then may move up again towards trgt price of 5699-5708 range

Thursday, June 20, 2013

Tuesday, June 11, 2013

nifty views

BUY NIFTY AT CMP 5814NS

SL BELOW 5795

TRGTS 5893-5970-6032

EXPECTING NIFTY TO CLOSE IN GREEN TODAY NEAR 5871 BUT BE4 THAT MAY RETEST 5893NS INTRADAY

a small +WW developing 

may take supp in 5809-5814ns range

trgts 5930 till tomorrow

breakout/strength if sustains abv 5847

Saturday, June 8, 2013

nifty views

Nifty 5day 5 min charts

an expanding triangle developing indicated in blue lines

a small -WW developing within exp triangle pattern with violet line indicating the target price  line

lower T/L of exp triangle and trgt price line of WW pattern intersecting near 5830ns levels

although today US markets are in big green but i doubt that indian markets will open with big gapup on monday

green lines indicating probable path of nifty from lower T/L to upper T/L

probable path may be 5830ns to 6000ns levels 

i am expecting probable lows may be near 5836ns and then it may move up uninterrupted towards 6079 levels in next week 

6080-6134 may be strong resistance zone

abv 6134 may move up towards higher highs 6284-6356ns

expecting nifty to mak a lower low till mid noon on monday and from tuesday nifty will trap bears with a good gapup opening

Monday, June 3, 2013

JACKPOT MCDOWELL-N

LOW RISK SUPER HIGH REWARD TRADE:

BUY MCDOWELL-N(UNITED SPIRITS LTD)

NEAR 2355 CASH LEVELS

EXPECTING IT NEAR THESE LEVELS ON TUESDAY

SL BELOW 2330

TRGTS  2725 IN NEXT 15-20 SESSIONS

Friday, May 31, 2013

nifty update

today if ns closes below 6042 then carry shorts for monday

if closes abv 6048 then exit shorts will again do a new trade on monday
all levels are ns levels

NIFTY STRATEGY FOR NEXT WEEK

STRATEGY FOR COMING DAYS

TOMORROW SELL NIFTY ON ANY UPMOVE NEAR 6156-66 NS  RANGE WITH SL ABV 6200 NS

TRGTS 6020-10 RANGE

BUY AGAIN NEAR 6010-20 RANGE FOR TRGTS NEAR 6190-6200

SL BELOW 5970NS

Thursday, May 30, 2013

NIFTY UPDATE

EXIT LONGS TAKEN YESTERDAY AT CMP 6102NS

FUT ARE TRADING AT PAR WITH SPOT PRICES AGAINST DISCOUNT OF 10-14PTS YESTERDAY

SELL NIFTY 6102NS CMP

SL ABV 6114NS

TRGT 6090-6077-6064



PROBABLE TRADING RANGE MAY BE 6064-6136NS LEVELS

Wednesday, May 29, 2013

NIFTY VIEWS

BUY NIFTY NEAR 6072NS LEVELS

SL BELOW 6054NS

TRGTS 6090-6112-6128

ABV 6128 MAY MOVE SHARPLY TOWARDS 6156NS


Saturday, May 25, 2013

INFOSYS VIEW

INFOSYS MAY TARGET 2300 NEAR EXPIRY

SELL ON EVERY RISE TOWARDS 2370-80 WITH SL ABV 2390

TRGTS 2300-2280

BUY AGAIN ON DIPS NEAR 2300 WITH SL BELOW 2255

TRGTS 2350-2400-2450

Thursday, May 23, 2013

NIFTY VIEWS

TOMORROW NIFTY MAY OPEN WITH NEGATIVE BIAS 

NEAR 5950NS AND MAY TRADE IN 5925-5995 RANGE 

INTRADAY

IF CLOSES ABV 5973NS THEN I AM EXPECTING A BIG 


GAPUP ON MONDAY AND NEAR 220 POINT UPMOVE 

FROM TOMORROW LOWS IN THIS SERIES ONLY

STRATEGY:BUY ANY DIP NEAR 5920-30 RANGE WITH 

SL BELOW 5896NS

TRGTS 5973-5995-6114-6134

NIFTY UPDATE


BUY WAS INITIATED IN NIFTY IN 6030-40 RANGE AS PER POST YESTERDAY

LOWS SO FAR IS 6036NS

CMP 6043NS

6026-6014 IS GREAT SUPPORT RANGE

SL BELOW 6010NS

BELOW 6014 SUPPORT AT 5970NS LEVELS

NIFTY VIEWS

TOMORROW ON WEAK GLOBAL CUES NIFTY MAY 

OPEN WITH SMALL GAP DOWN

IF OPENS BELOW 6074 THEN NIFTY MAY DIP 


TOWARDS 6030NS WHERE 21EMA IN DAILY CHARTS 

MAY LEND GREAT SUPPORT

IN LATER PART OF DAY SBI WILL DECLARE ITS 


RESULTS WHICH MAY GIVE TRIGGER TO UPMOVE IN

 NIFTY TOWARDS 6075-6103-6136

ABV 6136 BULLS MAY TAKEOVER AGAIN FOR TRGTS 


NEAR 6200-6209 TILL FRIDAY

BUY ALL DIPS NEAR 6030-40 RANGE WITH SL BELOW

 6010NS


Wednesday, May 22, 2013

NIFTY VIEWS

PINK LINES IS MAKING A BROADENING PATTERN

PROBABLY MAY RETEST LOWER T/L NEAR 6075 AND THEN MAY MOVE UP AGAIN TOWARDS UPPER T/L FOR TRGTS NEAR 6278-6314

TONITE US FED MEET MAY GIVE SOME CLUES FOR UPMOVE

SUPPORT NEAR 6075 FOR TODAY

ALSO A +WW DEVELOPING WHICH SHALL MAKE A LOWER LOW BELOW 6100NS AND THEN MAY MOVE UPWARDS TOWARDS 6150

ABV 6168 IF SUSTAINS THEN BULLS MAY RETURN AGIN WITH ALL THEIR STRENGTH

Monday, May 20, 2013

NIFTY VIEWS

EXPANDING TRIANGLE DEVELOPING IN 5 MIN CHARTS:

TOMORROW IF NIFTY OPENS FLAT THEN MAY TAKE STRONG SUPPORT NEAR 6136-6132 RANGE

BUY NEAR THIS RANGE WITH STRICT SL BELOW 6114NS 

TRGTS 6272-78 TILL THURSDAY

TOMORROW INITIALLY MAY MOVE UP TOWARDS 6172-76 LEVELS AND FROM THERE MAY DIP AGAIN TOWARDS 6136-32 RANGE

PROBABLE PATH:6172-6136-6195-6175-6272

Friday, May 17, 2013

wolves attacks on nifty


BEARS PROTECT KARO
WOLVES MAY ATTACK SEVERELY TODAY IN LATER PART OF THE DAY
TOO MANY +WW DEVELOPING IN 5 MIN CHARTS
BLUE LINES AND PINK LINES INDICATING DEVELOPING +WW
AND GREEN LINES ARE TRGTS
TRGTS 6175-6205-6235
SL BELOW 6126
THOUGH I GUESS NIFTY MAY NOT BREAK BELOW 6140 
CMP 6150
ACCUMULATE LONGS

INTRADAY NIFTY VIEWS

BUY NIFTY HERE CMP 6150

SL BELOW 6126

TRGTS 6175-6205-6235

THOUGH I GUESS NS MAY NOT BREAK BELOW 6140NS

probable path of nifty

probable path of nifty for next 12-15 sessions

resistance and long term support lines meeting near 6538 levels

5970 will be solid support

after ns reaches near 6538 levels expanding triangle will come into play

if could not break abv it decisively then may probably dip towards lower T/L  of expanding triangle below 5400 levels

this is just a guideline i am inferring from chart patterns and i may be totally wrong also

TRADING STARTEGY

TRADING STRATEGY FOR TOMORROW:

IF OPENS FLAT OR SMALL GAPUP THEN MAY MOVE 


DIRECTLY TOWARDS 6200-6205 RANGE 

SELL NEAR 6200-05 RANGE WITH SL ABV 6224NS




TRGTS 6160-56 RANGE(EXPECTED TIME NEAR 


12NOON +/- 30 MIN)

BUY AGAIN NEAR 6160-56 RANGE WITH SL BELOW 


6126


TRGTS 6187-6210-6235 NEAR EOD


MAY CLOSE NEAR 6225

Thursday, May 16, 2013

nifty views


today ns closed exactly at 6170 levels(6169.9)

may open with a small positive bias tomorrow near 6176 and may broadly trade in 6235 and 6156 range

possibility of closing near 10 points below days high

if ns closes abv 5920 on friday then may expect another gapup on monday for trgts of 6290

strategy

buy all dips near 6156 with sl below 6128

trgts 6235-6290-6314 till wednesday next week

intraday nifty views

posted yesterday:

tomorrow nifty may open with a small gapup 

near 6167 and may trade in 6189-6126 range 

and probably may close near 6157 again......



..range so far is 6187-6128


today nifty has given a breakout abv upper T/L of a 

smaller expanding triangle pattern.......if its genuine 

breakout then may trgt 6314 next week .towards upper 

T/L of larger expanding triangle .......but.if it reverses 

from here towards lower T/L then may trgt 5970-90 

levels...breakout may be confirmed tomorrow if sustains 

abv 6210ns

now sell any upmove near 6190ns with sl abv 6215

trgts 6167-6154-6142

nifty views

tomorrow nifty may open with a small gapup near 6167 and may trade in 6189-6126 range and probably may close near 6157 again

a small expanding triangle is developing within a larger expanding triangle  in nifty 30min charts

6178-89 is res of upper trendline of smaller expanding triangle

and near 5970 is support of lower T/L

abv 6200 larger triangle will come into play with upper t/l near 6314  and lower T/L near 6000 and both willmove up as day passes

trade:sell near 6178-85 wit
h sl abv 6210

trgts 6167-41-26

exit shorts near 6130 and go long with sl below 6114ns for friday trgts near 6210-6243-6262


Wednesday, May 15, 2013

a small contracting triangle developing in 2 min charts 

or is it a bullish penant(flag) 

ht of pole is near 150 pts

abv 6120 and below 6104 will decide

will it be a reversal pattern or a continuation 


pattern?????

wait and watch

abv 6127 ns may trgt 6270

(6120+150=6270)


cmp 6114ns

nifty views


expecting ns to trgt 6111 levels today and may close near 6095-99 range

tomorrow may trade in 6060-6145 range

and friday may expect highs in 6178-90 range

i guess nifty wont stop till 6314 is reached next week
sl below 6050 now

buy all dip near 6060ns with sl below 6026