INTRADAY UPDATES FOR 23 DEC 2010

Watch above chart.....



NIFTY SPOT.....6027 strong resistance as said earlier.....lower side ...watch 5972....5940 crucial point.....if breaks it too then 5870 on card.....

INTRADAY UPDATES FOR 22 DEC 2010

NIFTY SPOT.....5992 very imp....breaks will take to 5940....

INTRADAY UPDATES FOR 21 DEC 2010

NIFTY SPOT .....5982 crucial...if breaks then again 5940..let's see.....cmp 5990



Nifty spot cmp 5995.......might go to 6027..that is crucial resistance.....if cross then 6070 on card....if crossed 6027 then short covering will take NIFTY towards 6070 very fast.....let's see

INTRADAY UPDATES FOR 16 DEC 2010

Nifty spot....5853 will act as a minor support.....watch it....

For 16 Dec 2010

Nifty spot ....below 5870....5720/5690..above 5892....5925/5940....above 5940...6000/6080

INTRADAY UPDATES FOR 15 DEC 2010

NIFTY SPOT..... watch 5890/5870.....cross of 5940 will take is very fast towards 6000....break of 5870 will take to earlier low or even below that...

INTRADAY UPDATES FOR 14 DEC 2010

If nifty spot cross 5940 then another 100 points upmove ...

For 13 Dec 2010

Look at these 3 charts......speak itself....

See...
1...Nifty spot has 5725/5690 has crucial support...
2...On hourly channel break up...
3...On Fibo level....its maintaining level at 61.8...
So...
1...If Nifty spot breaks 5690 then it will go towards 5530/5400....
2...If Nifty spot maintains level 5725/5690..it may go towards 5960/6070
3...If Nifty spot crosses 6070 then 6150/6200 on card....

INTRADAYUPDATES---THINK ABOUT IT....

See .....this channel imp..if breaks upwards then fast rally and 40/50 points in few minutes.....lets see
-------
I think today NIFTY SPOT recovery upto 5910 and close in big blue candle......of course sl for longs 5690...

confirm it

some SEBI decision related to this fall.....confirm it ...

INTRADAY UPDATES FOR 09 DEC 2010

Nifty spot is oversold..but still going down.....see how important 5835 is.....in broader sense all depends on 5835 level....



Here is nice channel and support-resist lines....nifty spot if trades above 5906 then 5930.....above 5930 it may go more up....on down 5870 very very imp....

INTRADAY UPDATES FOR 08 DEC

Here is another view.....nifty spot low is 5918...cmp...5922....now keep sl of 5897 and go long....risk of just 25 piints......

ALERT...nifty spot at sl level........close watch if only tick is there or trade below that point.......chances of bouncing if just tick .....else..down 5870..spot cmp 5900

For 08 Dec 2010

Here is the WEEKLY picture of NIFTY SPOT...watch it carefully....range 6035-5830.....lets see.....trade accordingly

INTRADAY UPDATES FOR 07 DEC

Nifty spot...5940 is very imp...low is 5939.7......now keep sl of 5926 and go long....

For 7 Dec 2010

Nifty spot has crucial support at 5970 and 5940 is very important level .....if breaks then 5870 on card...

INTRADAY UPDATES FOR 06 DEC

ALERT....nifty spot 6001..crucial..breaks then 5975 on card

For 06 DEC 2010

Follow the same levels as on friday's premarket view as well as an intraday updates

INTRADAY UPDATES FOR 03 DEC

Nifty spot cmp..6019.....now watch 6022...if cross then 6040.....one may go short with sl 6040....risk of 20 points.....but keep strict sl...if trade above 6040 for 15 minutes then exit short....

For 03 DEC 2010

Nifty spot is at important level currently.....if it close above 6040 then it might go towards 6090....if profit booking starts there then again chances of testing 5700 or lower levels are high.....if close above 6090 then 6145 on card...
On lower level in short term supports are at 5996/5954/5916.....

Intraday Updates 1 DEC

IMP....if nifty spot closes near high today then it is forming very strong bullish pattern.....

Nf first tgt was 5940 for long taken at 5776 spot--5795 nf--nf hits 5935.....today if close above 5878 then carry long ...or decide...


NIFTY TGT 5940 DONE.......

nifty future cmp 5943..spot at 5929..book all long....and take a short...small quantity....

SL for short taken at nifty spot 5929 is 5941...if trade above in next 30 minutes then exit short....

sl hits....exit short...

just 10 points risk was taken......now wait for next trade....

http://stockmarketdotcom.blogspot.com/2010/11/option-strategy-for-dec-series.html#links

this was told ... review it

For 01/12/2010

For those who initiated long at 5776 nifty spot....y'day told to keep sl 5832..now rise sl to 5858....tgt intact 5940/5975

INTRADAY UPDATES 30 NOV

NIFTY FUTURE may go upto 5940/5975.......

If nifty spot close above 5878 then another good day for them who have initiated longs at 5776..

OPTION STRATEGY FOR DEC SERIES

Buy 1 lot of DEC nifty 6000 ce at 53 and sell 2 lots of DEC nifty 6200 ce at 13....

For 30 Nov 2010

Keep sl of nifty spot 5766..and go long....if 5766 breaks then might break 5690....

29 Nov ..Intraday

Keep sl of 5742 and go long......it signals reversal..lets see

As said nifty done its tgt....now spot 5792 very important..close below that not a good sing.....cmp 5826

For 29 Nov 2010

Highly oversold position of NIFTY will take it in between 5840 to 5945.Both points are major resistance.If not crossing 5840 nifty may touch 5557 level-of course this is in broder sence-in trading point of view 5840 and 5690 are the levels to be watched.
Looking at oversold situation one may initiate long position but tgt would be 5840 only.But though oversold one must be very catious as this condition may exist for few trading sessions with trading range of 5690 to 5840.

For 25 Nov 2010

Faling wedge if supported at 5818/5790 then there may be very very smart recovery....
It is BULLISH pattern....I have shown also FIBONACCI RETRACEMENT there...If supprted at the given area then the journey will be accordingly...and the ultimate tgt will be 6240..
There are other things to considere which signals NIFTY will show new high again ...But about that will discuss later...
If today closed above 5912 then it is a sing of pause/stop for this fall....
STRATEGY...
1....Go long if nifty spot open or trade near 5865/5835 with sl 5818/5790...
2....Cover longs at/near 5910..
3....If NIFTY spot opens above 5896 then also go long with sl 5865..and cover it at/near 5944
4....NO SHORTS TODAY

For 24 Nov 2010

Nifty spot AT 5935..keep sl of 5912 and go long....

Now buy SBI DEC 3100 ce at 66 to 68..sl...50....tgt....120/155/more

AT 12.19 PM

Now if spot nifty doesn't breaks 5952 in next one hour then very fast upward move expected......

At 1.20 pm...

If nifty spot crosses 5954 in next 15 minutes then new high for intra....

UPDATES..23/12/2010

NIFTY SPOT MAY SHOW 5829 FIRST AND THEN UPWARD MOVE......WAITING ..HOLD EARLIER CALLS WITH THIS SL....


At 1.20 pm
BUY dec moini nifty at 5880...sl...5820...tgt....6040/6175/more

AT 2.35 pm

NIFTY SPOT NOW FIRST TGT 5990...WHERE LITTLE PAUSE..

AND DEC SERIES LONG CALL AT 5880 GIVEN 100 POINTS.....SEE..ITS 5980..ENJOYYYYYYYYYYYYYYYYYYYYYYYYYY

FOR DEC SERIES

BUY dec nf 6300 ce at 39..sl..15..tgt...80/140/175/more....

BUY RELIANCE DEC 1050 ce between 21 to 23....sl...15..tgt.....40/65/80

23/11/2010 ...9.23 AM

RELIANCE DEC 1050 CE ....HOLD....ILLIQUIDITY MAY SHOW PRICE TICK BELOW 15 BUT HOLD

UPDATES FOR 22 NOV

nifty spot cmp...5938....5986 not cleared then new low....

TISCO....will break 595 today...sl 616/618 level...lets watch


at 12.30 pm

sell nf at 5943..sl...5970...tgt....5905/5880/5840....

sl hits....exit.....now it seems 5864 is bottom for next big rally....

nifty spot tgt 6040......today or tommorrow....

For 22 NOV 2010

NIFTY.... POSSIBILITIES....
1--- 5856/5844 very very crucail......if it protects then NIFTY SPOT may again will show 6080/6150 ...BUT IF ....selling starts there again then 5540 on card.

2---- IF 5856/5844 not protects then 5726/5715 on card.

3----IF 5715/5726 not protecting then 5540 on card.

UPDATES 18 NOV

Now spot 5898 imp..if breaks then 5840....watch it

Retracement

See this chart......from 5349 to 6338..38.2 level is at 5960..so time being at least or for uptrend to continue...this must protect....else 5840 on card....

For 15 Nov 2010

Watch...6055/6030....Bulls have to protect this area.......

For 15 Nov 2010

ISLAND REVERSAL....will create panic...and total correction of 5350 to 6338....or even 2550 to 6338.......
But nifty is oversold so lets see......

For 12 Nov 2010

Here are three charts....and lines drawn speak themseves....watch those levels....

For 03 Nov 2010

As saying since last 2 weeks Nifty spot 6130-5960 level is very important....now this range is getting narrower...now watch 6090/6075-6130/6140....it has to break either side.....festival season may give breakout but before that testing/protecting of 6075 seems very important.....if weekly close is above 6140 then rally -if happened- will sustain next week ..else breaking of 5935 and testing of 5890 on card..

For 21 Oct 2010

As said on 18 Oct. 2010.....it kissed 6129.9 on 19 Oct and heavily profit booking happened there..and as expected 5965 level also seen yesterday.....
Now market is at crucial stage.....5960 important...break will take nifty spot towards 5930...that is last hope for Bulls for taking nifty spot towards 6130 again....if that also breaks then 5880/5760 on card....
So one may take a long call near 5960/5940 with sl 5930 on closing basis.....first tgt would be 6040....

For 18 Oct 2010

On friday as 6156 broken my tgt 6090 achieved without any hesitation...even intraday updated for tgt og 6045...it touched 6050 and closed at 6062....
Now for today...6045 very crucial...if this support breaks then nifty spot may see 5965 or 5925....
Current weekly close also important..if nifty close below 5930 then 5720 not far away....or even it closed below 6105 then we may see more correction and trend reversal.....
On upper side 6130 is important now ..only above this bulls will have upperhand for few sessions...

ALERT......yesterday 6200 pe OI were 66 lk at one stage in the morning 55lk....and now at the day bottom of the nifty spot50lk.....bulls are giving up slowly.......plz confirm

ALERT...........20 POINTS MORE.....FATAL DECIDER OF THE CURRENT TREND......TOWARDS 5630.......LETS SEE........

ALERT......nifty spot just 32 points away from panic selling point.....WATCH 6045..............CRUCIALLLLLLLLLLLLLLLLLLLLLLLLLLLL

As said nifty spot at 6090.....now 6045 on card...but ..WHAT IF NIFTY SPOT 6045 ALSO BREAKS AND CLOSE BELOW THAT.....A BIG QUESTION....BE PREPARED.........

For 15 Oct 2010

As said yesterday..it crossed 6260 and touched 6284...just missed 6300 mark...and then most of the time of the day it was trading near 6233.....at midsession it broken 6233 decisively and you have seen the effect...
Todat...nifty spot has to protect 6156 level.....then it might go towards 6220 again....if 6156 breaks then 6090 on card....above 6184 no problem for bulls...

For 14 Oct 2010

As said yesterday..first high was 6120 and came down to 6091 then bounced..at 6150 ..little pause but momentum was so strong that it crossed earlier high....As shown on chart there is resistance at cmp 6233 as well as negative diversion taking place..if nifty spot cross 6260 then 6300 or even 100 points more possible..else here it will take a turn....bigger or shorter that should be decided at 6030/5940 level.....

For 13 Oct 2010

Nifty spot had made a double bottom yesterday at 6058.2.....current falling channel is there on chart....middle line was broken..but in strong momentum channel breaking gives opportunity to initiate longs.....
This may take nifty spot towards 6120 initially...if 6120 breaks then might test 6152..RSI trend line resistance shows there so at 6150 level there will be pause/sideways/reverse....

think of pe

Buy 5500 pe at 14.....sl....0

nifty spot if trading below 5820 throughout the day then ...its time to turn......and today if close below 5770 will confirm it..........

sell reliance industry..........

Reversal...........

go short here...5590...i expectc fall of 125 points....5475 at least ...there trend decider.....

Nifty 4900 on card

DesiComments.com | Bear | Forward this Picture


This weak crucial......if breaks 5352 then 4900 in a month......it seems 5549 major top..plan you trade...sell call option in portfolio......

Nifty strategy

On above weekly chart of nifty...all things I have shown clearly...ya.. I am not expecting to happen in this way perfectly in a week...but one can initiate trade with such levels....



On above daily chart of nifty...all things I have shown clearly...ya.. I am not expecting to happen in this way perfectly in a week/2 weeks...but one can initiate trade with such levels....

Intra day

nifty spot ..if cross 5472 then might touch 5490...if breaks 5462..then 5452/5437..and deep 5388...



sbi....2622 crucial..below that 2606...2573


nifty spot ...as said 5452..


now if spot not traded above 5458....decisive down will start in last hour


carry shorts..no need of booking ....sl 5488 spot



nifty spot....after trading at 5452..didnt touch 5458 ...and then as said 5441.7....just missing 4.7 points for my tgt....


and its done 5437....

and sbi 2608...i said 2606....

Updates for abc-x...

In posting of 24th May I have shown abc-x.....but looking y'days fall some chages there...keeping y'days low as a...
see chart again....
now b will be running up.....max 4950/5000/5050...(4786 must protected)
lets see how it happens....

On chart there is abc - x - a shown.....
now running b.....it is expected upto 4985/5030/5075..
max it can streatch to 5145....

Some deliveries......

1)Buy tisco ..480 to 500....sl 465...tgt..590/630
2)Buy icici ..800 to 820....sl 775...tgt..895/935
3)Buy sail ..195 to 200....sl 180...tgt..225/235
4)Buy ster ..620 to 630....sl 600...tgt..730/790
5)Buy ifci .. 47 to 49....sl 45...tgt.. 53/ 56
6)Buy idfc ..149 to 152....sl 144...tgt..165/172
7)Buy idbi ..109 to 112....sl 106...tgt..120/126
8)Buy mcleod..196 to 200....sl 186...tgt..225/255
9)Buy bhel ..2275to2290....sl2260...tgt..2390/2480
10)Buy rel .. 975 to 990...sl 960...tgt..1060/1095
NOTE..i) sl is on closing basis...
ii) if nifty breaks 4830 dont consider/hold ..will see fresh
iii) tgt period 3/4 months..
iv) enter with accumulation method..keep booking partially
v) enter at your own risk, will update but not binding on me
vi) I personally might be/not be entering in these scrips

Bubble is bursting at last

All is well....this is not only the catchy line of latest film 3 Idiots.....but this is the day to day 'Mantra' on dalal street since last 6/9 months......economy does'nt grow only on plastic products like mobile handset and computers....and never grows on just service sector.....core sector development needed.....
the debt fear is a just a trigger.....and now bubble is bursting......
this night DOW plunged near about 1000 points dragging it below 10,000....the VIX is at 6 months high......
IS 12500/11000 FAR AWAY ON SENSEX.....????????
I say NO...!!!!!!
think over it....
if you have invested @ 18k/17k and it came back to 11k or even tested earlier low....then you will have courage to say ALL IS WELL with keeping hand on you heart??

WHERE TO STOP....???

As expected nifty breaks 5200...as expected fall was sudden and big....where to stop this...??
In my earlier post I have given the targets.....on charts if we see... the low of 18 May 2009 ..(3674)..it connects @ 4970(approx....lower red line).....if we taken low of 19 August 2009..(4354)...it connects @ 4892..(green line)...if and one more tgt we can see which is 4830...(hori..redline).....
Before that for Tuesday...I expect 5102/5050/5032.....

As said on 09 April 2010
wave 3 total points 593....
now 4th down might possibly with tgts of....
593*38.2% = 226 ...5398-226=5172
593*50% = 296 ...5398-296=5102
593*61.8% = 366 ...5398-366= 5032

so 5172 was the tgt and it touched 5161.....
now ..
if this 4th wave taken as A B C
then
5398-5161 = 237 which should be taken as A
5161 to 5342 = 181 ( 80 % of A) which should be taken as B
5342 to 5198= 144 ( 80 % of B)which should be taken as C

If C is not yet completed @ 5198 then tgt for this leg would be

1)100% Of B ...means 5342 - 181 = 5161
2)161.8% of B ...Means 5342 - 292 = 5050
3)261.8% of B ....means 5342- 473 = 4869

If C is completed @ 5198...
then
nifty is in its final 5th wave......
tgs for this leg as follow..
1)61.8% of 4th wave = 237 = 146....so 5198*146 = 5344
2)80% of 4th wave = 237 = 189....so 5198+189 = 5387
3)161.8% of 4th wave = 237 ..... so 5198+383= 5581

so for trading...
one should buy @ cmp with sl @ 5198...for tgt of 5344/5387/5581
or
one should short with sl 5344 for tgt of 5161/5050/4869

A big down day today..??

As 5340 on spot nifty proved major resistance......5200 also proved major support......today 5220 important....if breaks then 5170/5100 on card.

Nifty this way???

nifty
Wave 1 4675-4930 = 255 pts
Wave2 4930-4805= 125pts
Wave3i 4805 to 5329
wave3ii 5329 to 5237 = 92 points
wave3iii 5237 to 5398 = 161 points
wave3iv 5398 to 5290 = 108 points
wave3v 5290 to 5377 = 87 points

wave 3 total points 593....
now 4th down might possibly with tgts of....
593*38.2% = 226 ...5398-226=5172
593*50% = 296 ...5398-296=5102
593*61.8% = 366 ...5398-366= 5032
think this also..
from 3920 to 5398 = 1478*38.2% = 564 ..5398-564 = 4834
from 3920 to 5398 = 1478*50% = 739 ..5398-739 = 4659
from 3920 to 5398 = 1478*61.8% = 913 ..5398-913 = 4485

this is taken as 3rd is complete @ 5398...but if it continued to 5460 then figures might change. But as earlier rallies are smaller (4540 to 5310 = 770 )so this must be below 770 points means (4670 + 770 = 5440)5440 is sl for shorts. One should initiate shorts @ 5370/5390 with 5440 as stop loss for tgt of 4860...
why 4860???
as rallies are smaller falls are also smaller...
so from 5310 to 4670=640...
5398-640= 4758...
if this fall is going to be smaller than earlier then 4800 is tgt..
4834 is 38.2% of rise from 3920..
of course enter/renter method is to be used. If dont want this tgt then one may see 4th wave tgt given above.

DISCLAIMER....I am short in may nf @ 5385 ( though sl said 5440 I will wait till 5460 as sl)

For 18 Jan 2010

Market is in very narrow range ....but it is due to break the levels...and to my opinion it will break downside within 2 sessions.....
Nifty if protects 5218-5225 area then upside open but limited to 5320...if 5218 breaks then downside open to 5185 and limited 5118...but there are chances to touch 5030 area too....!!!
For Monday.....if 5222 breaks hen dont remain long and if 5270 breaks dont remain short...
I expect to break 5220 and touch 5185 in 2 sessions..lets see...