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Friday, October 24, 2008

BUY DEC NIFTY

Market was as expected in last four sessions.
Today i expect 2850. One should buy DEC NIFTY @ /AROUND 2850/2880. This is risky trade. Tgt 3050 on MUHURAT TRADING. One should keep additional margin for this trade.
One should keep in mind RBI credit policy today. Market not looking positively to any good news, but if after announcing policy if there is 80/100 points surge in nifty one should book profit today itself in this trade. At the same time keep watch on 2800. Think here about this trade whether to keep or book loss. Do as one should afford. My opinion better to average if it goes down but afgain it is risky.
One more thing RELIANCE INDUSTRY results are not bad.
As far shorts positions are concerned cover it @ / around 2850/2880.

Thursday, October 23, 2008

9900/9700 on sensex and 2930/2850 on nifty

Again Dark Cloud Covered the Indian market.
Today we will see new low.sensex might settle around 9800/9700 and nifty 2930/2850.
See at this level whether market is hurry to recover, chances are remote but, if there is such sign then cover shorts and keeping sl for day;s low go long but not heavy. I f market didn't seen in a hurry to recover at lower level then keep shorts open for tommorrow morning.
My suggession is book 50% shorts at opening and decide later next strategy.
I am short and will follow the above policy.

Sunday, October 19, 2008

will get 300/400 points in nifty for longs

as i earlier given hints for 3000 nifty it has came to that level. i think 2990 will give some support. but at this point buy DEC nifty and just one lot add margin with some extra % and enjoy.
you will get at least 300/400 points upwards.
no more at this point.
let's see.
i will cover my shorts at gap down opening on monday and will go long. not heavy but light long positions sure.

Wednesday, October 15, 2008

mix cues......

yes as predicted fall taken place...
now...??? for tommorrow there are mix cues..
1) at this moment us market is deep in red...
2) we are towards new low already, if 3300 breaks then no way....
but
1) RBI has CRR cut by 1%
2) we are nearly 61.8% of fall to earlier rally
so which cue will works?? that thing will decide at least thursday's trading.
actually market is not in a mood to listen any good news so it seems that CRR step will not help....
let's see
if gap up then again chance to short @ 3450
i am short as of now.

Tuesday, October 14, 2008

nifty 3100 sensex below 10000.....????


ya,
iceland reversal today protected as closed above 11406.but if tommorrow gap down then iceland reversal ...??and dark cloud cover today....us drop from almost 380 ++++ at this moment.i think if gap down and 3430 breaks then only red....will this go below 3100 9 (sensex elow 10000)i think so....perhaps there could be more technicals but i am taking in to consideration these only at present.....act on your own perspective..i am holding 3700 put @ 160 3600 @ 200 3500 @ 140and so many.......of course PE's. let's see.

Tuesday, October 7, 2008

nifty 3400????


Looking chartof nifty ( 5 days) 3730 it tline resistance. though market reacted positively in the morning today it couldn't sustain above 3700.

if 3550 broken then 3400????

and ultimate tgt 3000 looks possible but wait for that.