For 27 May 2009

What a day it was.....as said 4238 was imp..and 4255 resistance.. it touched 4256....it was howering @ 4238 are for first 20/30 minutes once took south direction then never tried to cross 4238..and remaining you know all....as it was mentioned one may think to cover shorts @ 4155...it gone upto 4092.....one who smartly followed might have cashed full journey towards south...
the calls given on 'QUOTE nQUOTE' box hit the tgt except reliance....it was golden day for the followers of http://stockmarketdotcom.blogspot.com/ .....
For today loking blobal cues and y'days almost 3% downward journey I am expecting some upside ...but will it sustain???....again I say short on rallies.....final sl is 4215 on closing basis....
today 4215 is tough to cross..yes there are more hurdles befor that also...but 4215 is important point to watch out for next journey.......today if it crossed 4148 then we might see 4179...even 4205/4215..
for today options are
1).if opened near y'day's closing level one may think to go long @ opening with 4102 as sl ...tgt will be 4148 and 4179.....
2) if gap up and near 4148 go long with sl 4124.....tgt 4179/4205.....
3)if gap up and near 4179..then wait for clear signal... we might get sell signal here....if not wait to streatch it uo to 4195/4205 level ...and go short there with sl 4215...
4) if gap up strongly and 4205 in first 15 minutes go short with final @ 4250....ya here sl is far away considering intraday trading....
5)for positional shorts 4250 is sl and for positional longs 4095 is sl....
6) if short position near 4200 and if today's close is below 4155 carry shorts else cover it....
7) considering y'day's fall and global cues most of the time we will be in green but to catch either colour might be dificult considering risk reward...so if you have got enough y'day remain sideways today..!
8) other strategy other than these must be considered after opening and observing momentum....
For today support @ 4102/4095/4060.......resistance @ 4155/4179/4205/4215...
good luck!
Those who are regularly visiting here I am expecting comments by them....it will help me to improve....

For 26 May 2009

Y'day trend changed as higher high and higher low.....I will not change my bearish approach because of this only indication..but will keep in mind this changing pattern......still I think 4310 (+- 20 points) is very tough to sustain....and difficult to cross and sustain 4510 in near term.......
For today i think 4254 is vry important level to watch out.... more i will say if today again nifty breaks 4270 intraday and protects 4205 also then expiry might be 4310++....but this is to keep in mind only ..means not to take positional trade accordingly....few heavy weights are loosing strength or preparing to run up new rally?? we will get answer of this question in 2/3 sessions...then the next move will be discussed....
Today if negative opening ....near y'days close(4235/4230) I will say go short with sl 4255..( for aggressive it will be 4275) ...first tgt will be 4205/lower.....(here @ 4230 will get bounce also..so think to follow shorting strategy...one may think to go long also with sl 4220..id depends on opening momentum...) 4238 is the point to be watched....if sustains then wait for half an hour to get clear signal.....if 4238 sustain then go long with sl 4220...tgt will be 4275/4290...at this stage (15 points + -) go short with sl 4310.....for first tgt of 4238 and then 4220 or even lower than that.... if there get a chance to short @ 4290 level ( few points + -) and today's close is below 4254 then carry shorts for more gains quickly in tommorrows opening......even one may think to square off those shorts near 4155 level... but for that we have to see tommorrows range....this strategy is not that much risky if you are not trading in options...cause final sl for shorts is 4320 on closing basis...if today not crossed 4270 and close below 4254 then also one may think to carry shorts.....but to follow this one has to be very smart to get the point to short....( that point might be near 4260/4265.) but it is risky cause after that nifty may cross 4270 and go higher.....
nifty is in very narrow range so practical trading is difficult on prdefined strategy. at least for today....so to get right trading direction @ 4230/4240 level is very important to begin the day....
For today support for nifty is @ 4220/4205/4195/4155....resistance @ 4254/4270/4290/4310.....
Good luck!

VIEW

For 22 May 2009

What a perfect day.....as said at opening taken support near 4240.....4260 was the point where nifty was trading for longer time......I said resistance @ 4310..it touched 4309 and turned there to test 4210......and closed at the same point.....those who followed seriously..and level to level..might have earned huge....

For today also I am with negative bias...first watch 4230....if cross then wait for some time to get clear signal.....if this level cros it might ...i say might... touch 4270....this the point to go short....sl 4310......if on downside if 4199 breaks then minor support @ 4167..and then straight to 4155..even 4135.....if 4211 not crossing or below 4211 then go short with sl 4230 for the said target.....if today also we get close below 4210 then we are heading towards 4070/4030....

Today support @ 4199/4167/4155/4135....resistance 4230/4270/4310....

Good luck!

I have not updated blog after ELECTION EUPHORIA....I have purposely avoided it....clearly given alert that euphoria exit no longer!.....2 days were imp....now again market will behave as a routine trading style.....

For today I am with negative bias....I dont think major upmove will start in near term..means in 4/5 sessions....till then sell on rise.....sl for positional shorts is 4455/4470 area....and tgt for shorts is 4170....in extreme condition 4030 may get.....!

For today max upside limit is 4310....if crosed decesively then 4350 possible but nice opportunity to short there.......on lower side see 4260 very minor support....then watch 4240....today 4210 is imp level for bulls to protect their sentiments.....if breaks then straight 4167......if close below 4210 then we might go towards 4100 as positional....

Today resistance 4310/4350....support 4260/4240/4210/4167.......

For 18 May 2009

Friday's trading strategy was not that much satisfied me as my earlier did....all four calls given on thursday as positional got sl hit.....thursday's closing forced me to change my views......else I was saying if 3536 is protected on weekly basis then we will see 3820...actually weekly close was positive..so we are heading towards 3820.......

For today of course gap up is expected...this is fifth gap....this is against law...the day /week will come when at least 3 gaps will be get filled.......let's wait for that...today dont be hurry in taking positions......if long book at least 50 % in first half an hour.....now 3755 will get crossed by gap up...and 3755 will become support hereafter......so dip upto 3755 will give another opportunity for thenm who missed this gap up rally...of course one has to take a review at that time also....but i am of the view that nifty will not stop for next three weeks including current.....(expiry strategy is different topic)...nifty heading towards 4200..of course ups and downs woill be there...

for today i think 3820 at opening/ in first hour......if crossed then 3905....

For retailers be catious in next two days......

ALERT: EUPHORIA DOSEN'T EXIT LONGER TIME....!

For 15 May 2009

Ohhhh!....I was very confidant ehwn I said y'day to go long @ 3550 with sl @ 3530....but noise was negative everywhere so was watching silently....most of the voices were not saying long y'day I saw...again nifty was as I was expecting.......cheers....! from 3550 to at least 3614 ( which is imp point according to me) .....gained 64 points without any effort...so cool....( if somebody was that much smart he would have extended his gains up to 3635 as it was next point after 3614 ..I have mentioned well in my earlier post..if so then gain is just short of century....and there was enough time at opening to go long @ 3550...(THIS LAST SENTENCE IS FOR THEM WHO TRADE MARKET IN BOOKISH WAY)....so no excuse was there...!)
For today....3614 is first resistance and my sl for positional short calls given y'day on my "QUOTE nQUOTE"box..(OF COURSE SL IS ON CLOSING BASIS).....if it passes then 3635/3666 next point to watch.....and on lower levels 3560 is very important point to watch ..then as much discussed 3526/3493.......if 3493 breaks and close below then need not to cover shorts......
For today if it is below 3614 in first half an hour then go short with 3614 as sl.....for first tgt of 3560.....if gap down and not breaking 3560 then go long fot intra with 3560 as sl for tgt of 3595/3614.....if gap down and below 3560 watch trend for some time and go short with sl 3560.....see whether 3526 is protected if yes then cover short positions partially.....go long there with sl 3493....
Today support @ 3560/3526/3493.....resistance 3614/3635/3666
good luck!

For 14 May 2009

Again the day was memorable......I said lowest level support 3607..it turned @ 3610.....at opening resisted @ 3697...in midsession resisted @ 3709 ( my level 3720).....so for traders who do level by level it was a nice day....... dont know any other has benefited but NEETU has commented regarding this.....
For today on upper side same levels to watch..but today is interesting day .....if 3614 breaks then we will see deep down..if closed below 3614 then it is confirm that we are heading towards 3525 again.....at that point we will review the situation ( this is my weekly point to get clearer picture and tommorrow is friday)
Today i think gap down....will test 3550...go long there with sl 3530 ....if not tested 3550 in first half an hour and it is above 3581 then also go long with sl 3550.....if below 3581 and not tested 3550 do nothing... see the trend and do with appropriate sl afterwards.....but for aggressive if 3570 go short with sl 3581 for tgt of 3530.....remember 3506 is final sl for long in closing basis......and close above 3614 is sl for short( means dont take short as positional)
I think today gap down will not give much opportunity for trading in first session....
For today support is @ 3628/3614/3581/3559/3550/3506 and resistance @ 3687/3720......

For 13 May 2009

What a day it was!..... as saying again and again 3526 is protected.....and as said after crossing 3585 you have seent the results......again proved correct!
For today I don't expect fireworks after gaining 3% in a single day......i think same story to repeat....as I wrote on 8 may it is applicable today also......looking rsi I expect some sideways movements for next 2/3 sessions...and then final decision....as I am of the view that we will not cross 3755 in current series I expect nifty to settle down in a range of 3525 to 3635.....provided that 3526 is protected on weekly basis....
For today again go short near 3680 with sl 3720 on closing basis..of course this for positional....for intra also go short @ opening if nifty is near 3680 with sl 3695....for tgt of 3638/3607.....and if nifty is @ 3624 go long with sl 3607..for tgt of 3675.....play in this range accordingly with appropriate sl....
For today resistance @ 3676/3695/3720....support @ 3638/3624/3607.......
y'day those who were on my blog got alert that correction seems over and think of your short positions when nifty was 3585......rest is hostory you all know.....!
good luck!
Those who reviewing regularly I am expecting comments/suggession ....
thanks.

For 12 May 2009

As said breaking of 3617 will go to3592 and if that also breaks then will take nifty 3540....it touched 3532...as said 3526 was protected.....it has to be protected on weekly basis to protect deepsouthward journey........

For today I am expecting selling after opening higher.....but if crosses 3584 and traded above 3595 with volume then expect upside up to 3635.......

Today if open positive and not crossed 3584 go short with sl 3595 fot tgt of 3526...if 3584 crossed and takes 3595++ with volume then only think to go long.....

Today's support 3526....its a majot support if breaks then think correction more deeper......

Now take a review of my posting from last monday.....see levels by levels....good luck!

For 11 May 2009

As said 3615 broken intraday on friday........no one dared to say like this...even so many were thinking of 3790/3900......again the day was as expected those who were smart to follow mw earned huge...

For today....3617 is important and then 3592......if 3592 breaks on closing basis then we will not break current series high before expiry........on upper side 3635 is resistance now and if it crosses and close above that then chances of breaking high are there......

For today if gap up and crossed3635 then go long with 3617 as sl for tgt of 3670/3690.......book all longs there....if 3698 not crossing then again go short with sl 3720 fot tgt of 3635/3617......if 3592 breaks on closing dont carry any long..rather add short for quick gain in tommorow's opening.....

In this weak nifty has to protect 3526 on closing basis.....if it breaks then nifty is heading towards 3445/3350 levels.....of course with bounce and reverse on intra and day to day basis.......

So in one line today again go short near 3695/3710 level with sl 3720/3740......for tgt 3617....and if 3592 breaks remain short and add short for tgt of 3540....I think this week will be last positive week in this current series(chances are remopte ).....if 3717 not breaks then we will see start of down movement.....and today's close below 3592 will confirm it......

Today's support 3617/3592/3567/3506...resistance 3635/3670/3695/3720

good luck!

For 8 May 2009

As said support @ 3615...it touched 3617(though on chart only)..as said resistance @ 3680....upto last 10 minutes it was resisted there..and close just above it......the strategy as told was very beneficial for then who followed it.......there was a chance to earn both way.....
For today I will say sell on rise.....nifty has resistance @ 3720/3755....so best strategy to go short with just 40/50 points of risk for lower tgts....as I expect total turn in next few session....and correction up to 3350/3260......so those who will trade smartly and by entering rentering method bring average cost price down can get big returns in this series.... today if gap down and below 3648 go short with sl 3680 for tgt 3615 ( I was expecting to break 3615 y'day ..but it wil break today..) or even 3583......one may think @ 3615 what trend is taking place but those who are short @ higher levels need not to cover today...carry shorts for another 2 days.....for tgt 3520...if flat opening and not crossing 3698 then again go short with sl 3720......this is the peak point in this series those getting short position here will be rewarded with best returns....of course remember 3755 sl as closing basis......
For today support for nifty 3648/3615/3583.....resistance @ 3685/3698/3720......hereafter upto crossing and closing 3750++ go short with every rise near 3680/3700 with sl 3755 as closing basis........good luck...!

For 7 May 2009

Last two day's were as expected....dont know you all have cashed it or not......the positional short call given on tuesday got done with exact tgt.....for last two days strategy was same as told in last post so not updated every day ........
For today.......3615 is very important point to watch.....but looking at global cues it seems we will open with gap up......the chart i have put here today speaks the strategy for next few session itself...........3750 is major resistance ......and 3615 major support........broader way.....so sell on rise and buy on dip........with appropriate sl...
For today....if open gap up and nifty is near 3680 go 50% short there with sl 3695........if 3695 cross go long for tgt of 3740/3755.......and @ 3720/3730 go 100% short for tgt of 3650/3615/3580...with sl closing basis 3755...if flat opening and near to y'day's low go long with sl 3615........
today's support...3615/3580/3545....resistance 3680/3695/3720/3755.....
good luck...!

For 5 May 2009

As we saw bulls have tremendous strength....now I think 3775/3800 is last point of this rally ...but I dont expect much down side.....if we colsolidate in between 3350/3650 for another month then i think journey towards 4200 possible but if we corrected up to 3350 / 3150 and then not crossing 3550 I think this will be the only typical bear market rally in 2009....means in remaining months of this year we will not see such a big rally....

For today resistance @ 3700/3775/3800....support @ 3632/3617/3540.....considering y'day's big upmove today think to go short with sl 3720/3750...for tgt 3600/3540 as a positional.....and for intra tgt of 3630/3620, with sl 3700...those who are positional trader can creat 50/60 % short @ /around 3670/3700 @ opening itself without any doubt......

good luck!

For 4 May 2009

In last week there was nothing much to add in my earlier views....and I was busy with some other works.....as i said in my last post nifty resisted / paused @ 3480.....and the way nifty behaved on expiry day...i expect now 3750 in coming sessions....this move will be very fast...and point to mention is that...THIS WILL BE THE LAST OR ENDING POINT OF THIS RALLY STARTED @ 2540......AND THIS IS CHANCE TO SELL THE PORTFOLIO.....AS I SEE 3775 AND ABOVE NIFTY WILL NOT SUSTAIN AND THIS YEARLY CLOSE WILL NOT BE 3550++...EVEN IT RALLIED ANOTHER 300 POINTS AFTER 3775......LEAVE THOSE 300 POINTS...IF YOU ARE TRACKING YOUR PORTFOLIO FROM 2540 OR EVEN 2950 YOU ARE GETTING MUCH MORE ..SO TIME TO CASH THOSE 1200/800 POINTS IN NITY RATHER THAN THINKING FOR ANOTHER 300 POINTS......SO SELL OF ALL HERE AND WAITH FOR AT LEAST 3150/3000 TO RENTER........FOR NEXT RUN....
Now for short term......one may ride on this rally..but remember to exit with the points you getting intra or limit is is 3750/3775......there after go short with every rise with sl 3775 on closing basis ...of course this is for positional traders....
For Monday......even if gap up and nifty is 3540 ++...go or remain long for tgt 3620/3650/3750/3775......late the rally reach the destination (3750/3775) and then there will be opportunity in trading while it gets corrected.....!
today I am not putting any chart......
Few gaps are there in nifty in this rally from 2540....Few of them will remain for longer time...will not get filled....late's see.....
GOOD LUCK!