For 24 April 2009

As said 3353 proved important point....openinng high was 3353...reversed there....3305 protected....again when 3353 crossed then you know all....it didn't break 3300 as I was expecting...and for short sl was told 3353....ya intrady there were getting some reversal signal...but bulls proved themselves y'day...
For today I think yday's 3% rallly will take a little pause.......if we take 3511 to 3297 as a correction....61.8 % has retraced......in this rally ( since last 6/7 weeks) we have not seen close @ 200 dma ++.......if we close above 3430 then we might cross even 3511 high at least for intra ..though not today may be next week but for that nifty has to cross 3460/3480 area decesively....in one sentence i will suggest if nifty is near 3400 go long with sl 3388....if it is near 3480 go short wilth sl 3511.....
y'day was very bad performance me.....I have connectivity problems also..thats why cannot take minute to minute updation on chart....problem will be over in 1/2 days....good luck

For 23 April 2009

I said..'as said channel broken on closing basis y'day...and new
channeldeveloping and its t-line support 3275....if that breaks
then it will beeasy to achieve my tgts...and for new upmove or
sustainable rally niftyhas to cross 3415.. today support @ 3353
/3305/3275....resistance@ 3375/3415/3440.... today opening
will be flat....if @ opening niftyis 3353++ go long with 3353 sl..
tgt might be 3385/3415....if gap upand near 3400 go short with
3420 as sl...for tgt 3353.. but if you arepositional while creating
fresh short keep in mind that if todays closeis 3370++ then we
will rally again towards 3440++...so trade wisely...and if gap down
and below 3353 wait for clear signal....'

Again it was a good day....well as expected.....ee opened 3353++...
got 3401as I said 3415..turned...below 3370 paused little near 3353...
then straight to 3305....low was 3296 and high was 3401...now as I
was saying close is below 3370....we are towards 3150.....

Today....resistance @ 3353/3370/3402....support @ 3305
/3285/3250..today I expect gap down..at opening 3300 will
break.....then mild recovery but day will be with negative bias...
if opened positive go short with sl 3353..think to book shorts initially
@ 3275/3285 area....again if rise go short with sl 3353 as closing basis....
if closing is below 3305 carry shorts...

Y'day on my "QUOTE...nQUOTE"box....reliance given 52 points....nifty given75..chambal given .90 points....sbi loss 9 points..over all again good day....good luck

For 22 April 2009

Isaid,'I expect gap down ..below 3350 will touch 3305....will
try to protect 3305...if whole day it is protected again I expect
3380/3400.... at opening cover all shorts....go long with sl
3305....cover those longs @ 50% @ 3350..and remaining @ 3380
....go short there with sl 3420 as positional...suppose 3305 protects
and didnt rallied up to 3380 then cover long and think short
tommorrow...in one sentence if 3380 go short as positional...
if in between 3350-3380 dont take any position overnight..
I expect above (20 April) mentioned tgt in coming 3/4
sessions...today suoppport @ 3305/3270..resistance...@
3380/3420... if today and tommorw close is below 3370...
then next journey will be only in one direction...southwards....!'

Again it was well in prescribed manner!A t opening touch 3309....rallied
3376 as said 3380....turned there...back to 3325.....again rallied to 3380
and then 3414....came back to 3350...it was best day again...those who folled
my strategy might have earned at least 150 points in nifty.....

Today..as said channel broken on closing basis y'day...and new channel
developing and its t-line support 3275....if that breaks then it will be
easy to achieve my tgts...and for new upmove or sustainable rally nifty
has to cross 3415.. today support @ 3353/3305/3275....resistance
@ 3375/3415/3440.... today opening will be flat....if @ opening nifty
is 3353++ go long with 3353 sl.. tgt might be 3385/3415....if gap up
and near 3400 go short with 3420 as sl...for tgt 3353.. but if you are
positional while creating fresh short keep in mind that if todays close
is 3370++ then we will rally again towards 3440++...so trade wisely...
and if gap down and below 3353 wait for clear signal....

y'day..on my "QUOTE....nQUOTE" reliance call given 75 points -- both
way---nifty given 135 points--both way....good luck!

For 21 April 2009

I said'support @ 3370/3340/3307/3270 and resistance @ 3390/3420/3440/3500
...overall I am expecting flat day today....considering last weak's total
journey..it seems bulls are not getting much strength above 3500...and
bears have not enough force to break 3300 level...lasat three days of last
week shown that no one wants to give up..so first three days of this week
are imp...if we break 3300 then I think 3520 is intermediate top...and we
are heading towards 3010...of course this is I am saying in broader way..
for very short term 3250 will touch if we today close below 3360...and
if this weeklyclosing is not negative then we may touch 3440/3500 again....
Today.....if gap up and above 3390....wait to cross 3420 for long.....
if gap down and breaks 3370 go short with sl 3390....and in whole day
nifty didnt cross 3390 and close below 3340 carry short as positional
for tgt 3140 and one may even think for 3030....'


Nifty crossed 3420...as told long there was opportu nity for long but
given only 20 points....and as expected 3440 touched and turned there..
on lower side as 3370 breoken it touched 3339 as I said support @ 3340...
bounced there but close is below 3390..all happened as expected....
again it was as I said....close shows weakness...


Today...I expect gap down ..below 3350 will touch 3305....will try to
protect 3305...if whole day it is protected again I expect 3380/3400....
at opening cover all shorts....go long with sl 3305....cover those
longs @ 50% @ 3350..and remaining @ 3380....go short there with sl 3420 as
positional...suppose 3305 protects and didnt rallied up to 3380 then cover
long and think short tommorrow...in one sentence if 3380 go short as
positional...if nifty is in between 3350-3380 dont take any position overnight..
I expect above (20 April) mentioned tgt in coming 3/4
sessions...today suoppport @3350/3305/3270..resistance...@ 3385/3420...
if today and tommorw close is below 3370..then next journey will be only
in one direction...southwards....!

Y'day on my"QUOTE....nQUOTE" box call...nifty given at least 50 points...
reliance at least 30 points.....total 4 calls all tgt hit..good luck!

For 20 April 2009

I said'if 3362 breaks expect more downside…..and 3325
breaks on closing basis then negative trend for few
sessions……and if 3393 crosses with volume and close
above it then we may touch 3500 again! Supports 3362/3325/3250….
resistance 3392/3420/3440/3500.
So if opening is not gap down buy with sl 3362 (spot) for
first tgt 3393…if it crosses book longs @ 3420….if gap down
and below 3363..go short with sl 3393….for tgt 3325……if gap
up and above 3393…..dont short…..to go long or not it depends
upon other sectoral indices….but if not crossed 3420 then
I will be more on short side......today weekly close is imp…if
it is 3350++then this will be 6 th positive week…I expect rally
will be turn only in 8th week……of course if today if we must
close positive on weekly basis though negative on day…!!!'


Nifty opened up and crossed 3393 easily...paused little @ 3420...
as said above 3393..no short and 3420 crossed then long....all happenedas expected
again as said....resisted @ 3489....11 points below of my points
sell off in last hour of trading....touched 3359..but bounced to close @ 3384...
close is not above 3393 is the sing of weakness..

Today...support @ 3370/3340/3307/3270 and resistance @ 3390/3420/3440/3500
...overall I am expecting flat day today....considering last weak's total
journey..it seems bulls are not getting much strength above 3500...and
bears have not enough force to break 3300 level...lasat three days of last
week shown that no one wants to give up..so first three days of this week
are imp...if we break 3300 then I think 3520 is intermediate top...and we
are heading towards 3010...of course this is I am saying in broader way..
for very short term 3250 will touch if we today close below 3360...and if this weekly
closing is not negative then we may touch 3440/3500 again....
Today.....if gap up and above 3390....wait to cross 3420 for long.....if gap down and breaks 3370
go short with sl 3390....and in whole day nifty didnt cross 3390 and close below 3340carry short as positional for tgt 3140 and one may even think for 3030....


On Friday those who were on my "QUOTE....nQUOTE" box have enjoyed the day in RELIANCE and NIFTY..and yes....thursday's SAIL positional call got tgt achieved exactly....cheers..good luck!

For 17 April 2009

I said,’ Today we might see 3550..book all longs there...and go 50% short even intra cannot book profit in short, now carry it...Yes I expect nifty upto 3700level...but once again it will come down to 3440...there will see whether to buy @ dip or rally becoming weak...today resistance 3550/3600......support 3495/3440/3414...’


What a day it was…..those who read it carefully might have huge returns…..ya..not 3550 but 3511 and turned …it came up to 3433 n first session…..as said 3440 support….bounced there…..and in second sessionafter breaking 3440 gone straight to 3414……yes I mentioned only last support for the day…expecting more downside and closing deep red if 3414 breaks..it happened same..closed @ 3370 ….those who followed me and traded with own wisdom according to levels…..for them the day was realy memorable….they could have got 150 points day’s full range…ya and if enter /renter it would be almost 200 points…..

Today if 3362 breaks expect more downside…..and 3325 breaks on closing basis then negative trend for few sessions……and if 3393 crosses with volume and close above it then we may touch 3500 again! Supports 3362/3325/3250….resistance 3392/3420/3440/3500.
So if opening is not gap down buy with sl 3362 (spot) for first tgt 3393…if it crosses book longs @ 3420….if gap down and below 3363..go short with sl 3393….for tgt 3325……if gap up and above 3393…..dont short…..to go long or not it depends upon other sectoral indices….but if not crossed 3420 then I will be more on short side......today weekly close is imp…if it is 3350++then this will be 6 th positive week…I expect rally will be turn only in 8th week……of course if today if we must close positive on weekly basis though negative on day…!!!

Y'day on my "QUOTE....nQUOTE" box given 5 calls..all done well...reliance both side and nifty both side....done tgt...sail as positional..just 2 points away of tgt....good luck.!

For 16 April 2009

I SAID"it seems that opening will be with flat to negative bias...resistance @ 3400/3420/3445..support@ 3340/3295/3255...Today again go short @ opening if nifty didn't cross 3390 ( you can ignore this 3390 factor) with sl 3420if 3340 breaks then carry short as a positional for tgt of 3295/3255 in 1/2 session.....for intra keep watch on 3340 for covering shorts..if didn't sustain above 3340 expect more gains in short...
At opening there was no chance to short...gap down and gone upto 3311..just short to 16 points of my tgt....it turned there ..little pause @ 3340..and then never seen back...on my "QUOTE...nQUOTE" box I had alerted whenit crossed 3340....and when crossed 3420 I told again that nifty heading towards 3550those who followed me must have earned well..those who were online wihtme might have entered long @ 3420 instead of general psychology of booking longs there.....
Today we might see 3550..book all longs there...and go 50% short even intra cannot book profit in short now carry it...Yes I expect nifty upto 3700level...but once again it will come down 3440...there will see whether to buy @ dip or rally becoming weak...today resistance 3550/3600......support 3495/3440/3414...y'day on my "QUOTE...nQUOTE" box given 5 free calls....2 got sl hit..and 3 got tgt achived...allwhich got tgt done proved SUPER DUPER CALLS....good luck...!

For 15 A pril 2009

I said "nifty will add few more points ...again one should think to go short @ 3400/3420 level..( Thinking that you might have covered all shorts@ 3310 on THURSDAY...SO TODAY'S SHORT WILL BE FRESH)........ resistance @ 3400/3420/3450...support @ 3340/3305/3285/3210. I think @ opening there willbe strong picture....but find weakness @ those level and creat 50% short ..If again there is volatility like Thursday you may enter and renter...For positional short..??? wait for another day I think.... "

...seeon Monday open @ 3388 and turned there...taken support @3337......then rallied up to 3417..and sell of in last half an hour...as volatility was ther so there was enter/renter opportunity...again it was in prescribed level....Monday was second day which shown that nifty is not sustaing above 3400...but sensex has got close above 10945..that is positive sign only...

...So today..???again same story????..Today it seems that opening will be with flat to negative bias...resistance @ 3400/3420/3445..support@ 3340/3295/3255...Today again go short @ opening if nifty didn't cross 3390 ( you can ignore this 3390 factor) with sl 3420if 3340 breaks then carry short as a positional for tgt of 3295/3255 in 1/2 session.....for intra keep watch on 3340 for covering shorts..if didn't sustain above 3340 expect more gains in short...

Now "long only above 3445" this must be strict strategy.......good luck...!

For 13 APRIL 2009

Oh! It's again!. Aagain the day was as expected. I said 3400 resistance ...see nifty spot high
was 3401.. and nifty never seen that figure again...and important point is that at opening there was enough time to get short at highest level......Ans I said support @ 3305....see it turned @ 3307...and though there was new low by nifty future in second session..but spot didn't broken 3305...Those who followed me must have got the entire fall on that day...and it was twice in a day...with same level....

So as I said nifty really turning @ this point..????.....yes doji there....but 3150/3250/3350 all these were big resistance and nifty crossed it forcefully....and the short covering/ intrarally we seen on thursday from 3307, I am not convinced for any negative diversion but this on psychological basis..technically seems turning for short time at least seems... on Thursday there was doji.....nifty has got channel line resistance...at the same time nifty is near 200dma...rsi (14) @ 75...so ]I think nifty will add few more points ...again one should think to go short @ 3400/3420 level..( Thinking that you might have covered all shorts
@ 3310 on THURSDAY...SO TODAY'S SHORT WILL BE FRESH).....
...Today resistance @ 3400/3420/3450...support @ 3340/3305/3285/3210. I think @ opening there will be strong picture....but find weakness @ those level and creat 50% short ..If again there is volatility like Thursday you may enter and renter...For positional short..??? wait for another day I think...cause ..we will not cross 200dma,...or trading above that level will be for short period.....but chances of going around that level are there...let's wait For that .....

Yes, trying to give new look to blog......suggessions are welcome there is shout box I have taken on this blog..this is new service for you....you can discuss with me there...and of course expecting good responce for opinion poll......expecting your comments on above trading strategy also.....good luck!

For 09 April 2009

As said support @ 3145.....it turned @ 3149....and i had given resistance @ 3285 and 3305.....but both levels crossed very easily by nifty......

Since march series we are getting one clue ...falls are getting smaller and rallies are bigger......yet to confirm this trend ..but does it suggest something positive really..????

Everybody in hurry to catch the running bus thats why buying happening or......something really has changed.....well...we have to wait for some time to get answer of all these question....

now we have to cross 3420 decisively.....and on sensex 10950......

I think 3420 will be turning point ( + - 20 points.....).....so again short here..??? I say yes..but keeping in mind that we can streatch up to 3500 nifty and 11300 on sensex........but i will suggest 50 % short here with booking all longs today @ /around 3400/3420 level.....

As this will be the 5th positive week in current rally.....we have to think of short ..of course positional will get much more....up to what ...???? well....that will be seen later....

for today resistance are 3380/3400/3420.....and suppport @ 3305/3285/3255

For 09 A pril 2009

For 08 April 2009

So as said on 2 April it was 3125+++......huge gap up..but as said you might have booked long...yes i was expecting 3280/3300..but left few points....And as i said on same day Monday was the day for shorting....!From the opening there was profit booking....And i expect all is over at least for this week..For positional.....I am with the tgt of 3050....even 2965 ..but chances are remote for this so i will book all shorts @ 3050...and again will go long 50 % there with sl 2965 on closing basis..For today...resistance is @ 3295/3305...and support is @ 3190/3175/3145/3105...Today if 3190 breaks then...?????......what if it opens below 3190 ..??

For 02 april 2009

Again the day was as expected.....I think those who followed might have earned a lot.....

On Thursday...I expect upward rally...on upside

resistance @ 3085/3115/3150....and on downside support @ 3050/3040/3004.....Expecting gap up.....and if cross 3065 then 3085 straight....then waiting for 3100.......you might catch it @ /around 3070 for long with sl 3050/3040 area..watch there if any weakness....else ride on rally for tgt 3115....chances of 3125+++...but book long there and wait for monday as new trading day.......of course for shorting...good luck

For 1 april 2009

So, yesterday you might have enjoyed again....the day was as expected again...of course comments are welcome...

Now for wednesday.....if nifty spot traded aboy 3020 then we might see 3050....on upper side resistance @ 3070/3100..lowerside support @ 3008/2985/2950.......again i will say short on rise...but this should be better for positional...intra..yes but be wise for entry and exit....

I will say again if 3050 short with sl 3070....for tgt 3020/2985.......if 2985 go long with sl 2950 for tgt of 3050....if 3070 go long with sl 3055 for tgt 3120..and @ 3120 go short sl 3150 for tgt 3070...this is the funda at least for next 3/4 sessions......good luck