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!