For 5 May 2009

As we saw bulls have tremendous strength....now I think 3775/3800 is last point of this rally ...but I dont expect much down side.....if we colsolidate in between 3350/3650 for another month then i think journey towards 4200 possible but if we corrected up to 3350 / 3150 and then not crossing 3550 I think this will be the only typical bear market rally in 2009....means in remaining months of this year we will not see such a big rally....

For today resistance @ 3700/3775/3800....support @ 3632/3617/3540.....considering y'day's big upmove today think to go short with sl 3720/3750...for tgt 3600/3540 as a positional.....and for intra tgt of 3630/3620, with sl 3700...those who are positional trader can creat 50/60 % short @ /around 3670/3700 @ opening itself without any doubt......

good luck!

For 4 May 2009

In last week there was nothing much to add in my earlier views....and I was busy with some other works.....as i said in my last post nifty resisted / paused @ 3480.....and the way nifty behaved on expiry day...i expect now 3750 in coming sessions....this move will be very fast...and point to mention is that...THIS WILL BE THE LAST OR ENDING POINT OF THIS RALLY STARTED @ 2540......AND THIS IS CHANCE TO SELL THE PORTFOLIO.....AS I SEE 3775 AND ABOVE NIFTY WILL NOT SUSTAIN AND THIS YEARLY CLOSE WILL NOT BE 3550++...EVEN IT RALLIED ANOTHER 300 POINTS AFTER 3775......LEAVE THOSE 300 POINTS...IF YOU ARE TRACKING YOUR PORTFOLIO FROM 2540 OR EVEN 2950 YOU ARE GETTING MUCH MORE ..SO TIME TO CASH THOSE 1200/800 POINTS IN NITY RATHER THAN THINKING FOR ANOTHER 300 POINTS......SO SELL OF ALL HERE AND WAITH FOR AT LEAST 3150/3000 TO RENTER........FOR NEXT RUN....
Now for short term......one may ride on this rally..but remember to exit with the points you getting intra or limit is is 3750/3775......there after go short with every rise with sl 3775 on closing basis ...of course this is for positional traders....
For Monday......even if gap up and nifty is 3540 ++...go or remain long for tgt 3620/3650/3750/3775......late the rally reach the destination (3750/3775) and then there will be opportunity in trading while it gets corrected.....!
today I am not putting any chart......
Few gaps are there in nifty in this rally from 2540....Few of them will remain for longer time...will not get filled....late's see.....
GOOD LUCK!

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