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!