For 21 April 2009

I said'support @ 3370/3340/3307/3270 and resistance @ 3390/3420/3440/3500
...overall I am expecting flat day today....considering last weak's total
journey..it seems bulls are not getting much strength above 3500...and
bears have not enough force to break 3300 level...lasat three days of last
week shown that no one wants to give up..so first three days of this week
are imp...if we break 3300 then I think 3520 is intermediate top...and we
are heading towards 3010...of course this is I am saying in broader way..
for very short term 3250 will touch if we today close below 3360...and
if this weeklyclosing is not negative then we may touch 3440/3500 again....
Today.....if gap up and above 3390....wait to cross 3420 for long.....
if gap down and breaks 3370 go short with sl 3390....and in whole day
nifty didnt cross 3390 and close below 3340 carry short as positional
for tgt 3140 and one may even think for 3030....'


Nifty crossed 3420...as told long there was opportu nity for long but
given only 20 points....and as expected 3440 touched and turned there..
on lower side as 3370 breoken it touched 3339 as I said support @ 3340...
bounced there but close is below 3390..all happened as expected....
again it was as I said....close shows weakness...


Today...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 nifty is in between 3350-3380 dont take any position overnight..
I expect above (20 April) mentioned tgt in coming 3/4
sessions...today suoppport @3350/3305/3270..resistance...@ 3385/3420...
if today and tommorw close is below 3370..then next journey will be only
in one direction...southwards....!

Y'day on my"QUOTE....nQUOTE" box call...nifty given at least 50 points...
reliance at least 30 points.....total 4 calls all tgt hit..good luck!

For 20 April 2009

I said'if 3362 breaks expect more downside…..and 3325
breaks on closing basis then negative trend for few
sessions……and if 3393 crosses with volume and close
above it then we may touch 3500 again! Supports 3362/3325/3250….
resistance 3392/3420/3440/3500.
So if opening is not gap down buy with sl 3362 (spot) for
first tgt 3393…if it crosses book longs @ 3420….if gap down
and below 3363..go short with sl 3393….for tgt 3325……if gap
up and above 3393…..dont short…..to go long or not it depends
upon other sectoral indices….but if not crossed 3420 then
I will be more on short side......today weekly close is imp…if
it is 3350++then this will be 6 th positive week…I expect rally
will be turn only in 8th week……of course if today if we must
close positive on weekly basis though negative on day…!!!'


Nifty opened up and crossed 3393 easily...paused little @ 3420...
as said above 3393..no short and 3420 crossed then long....all happenedas expected
again as said....resisted @ 3489....11 points below of my points
sell off in last hour of trading....touched 3359..but bounced to close @ 3384...
close is not above 3393 is the sing of weakness..

Today...support @ 3370/3340/3307/3270 and resistance @ 3390/3420/3440/3500
...overall I am expecting flat day today....considering last weak's total
journey..it seems bulls are not getting much strength above 3500...and
bears have not enough force to break 3300 level...lasat three days of last
week shown that no one wants to give up..so first three days of this week
are imp...if we break 3300 then I think 3520 is intermediate top...and we
are heading towards 3010...of course this is I am saying in broader way..
for very short term 3250 will touch if we today close below 3360...and if this weekly
closing is not negative then we may touch 3440/3500 again....
Today.....if gap up and above 3390....wait to cross 3420 for long.....if gap down and breaks 3370
go short with sl 3390....and in whole day nifty didnt cross 3390 and close below 3340carry short as positional for tgt 3140 and one may even think for 3030....


On Friday those who were on my "QUOTE....nQUOTE" box have enjoyed the day in RELIANCE and NIFTY..and yes....thursday's SAIL positional call got tgt achieved exactly....cheers..good luck!

For 17 April 2009

I said,’ 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 to 3440...there will see whether to buy @ dip or rally becoming weak...today resistance 3550/3600......support 3495/3440/3414...’


What a day it was…..those who read it carefully might have huge returns…..ya..not 3550 but 3511 and turned …it came up to 3433 n first session…..as said 3440 support….bounced there…..and in second sessionafter breaking 3440 gone straight to 3414……yes I mentioned only last support for the day…expecting more downside and closing deep red if 3414 breaks..it happened same..closed @ 3370 ….those who followed me and traded with own wisdom according to levels…..for them the day was realy memorable….they could have got 150 points day’s full range…ya and if enter /renter it would be almost 200 points…..

Today if 3362 breaks expect more downside…..and 3325 breaks on closing basis then negative trend for few sessions……and if 3393 crosses with volume and close above it then we may touch 3500 again! Supports 3362/3325/3250….resistance 3392/3420/3440/3500.
So if opening is not gap down buy with sl 3362 (spot) for first tgt 3393…if it crosses book longs @ 3420….if gap down and below 3363..go short with sl 3393….for tgt 3325……if gap up and above 3393…..dont short…..to go long or not it depends upon other sectoral indices….but if not crossed 3420 then I will be more on short side......today weekly close is imp…if it is 3350++then this will be 6 th positive week…I expect rally will be turn only in 8th week……of course if today if we must close positive on weekly basis though negative on day…!!!

Y'day on my "QUOTE....nQUOTE" box given 5 calls..all done well...reliance both side and nifty both side....done tgt...sail as positional..just 2 points away of tgt....good luck.!