WEEKEND PONDERING.....

Above chart is weekly nifty chart of past three years. Look at the bollinger band width. It is minimum in last three years & has started to increase. Another observation is NS price is above the band.

Let us try to understand the market whether it is bull or bear market. I am putting it simple. If both EMA(low,5) & EMA(high,5) are above EMA(20) then it is bull market, buy on dips.

If both EMA(low,5) & EMA(high,5) are below EMA(20) then it is sell on rise.

If One is above & another is below, market is neutral.... Views invited on this. Remember the chart is weekly. Jai Hoooooo.........

MOVING......

Our tsl for our short (@3090) got hit 3030. We have no position now.

Will go long above 3075 with sl ????. Remain positive on market for long until 2950 is breached on closing basis. On intraday basis it might be breached but you can be with 2910 as sl. JAI HOOOO............

AT LAST TANKING....

We are still holding our short which we entered on friday @ 3090. Out Short sl 3147 was not hit on friday. Now our TSL is 3060.

We expect buying near 2910-2920 . Close your short near that zone & enter long with sl 2910.

Till market closes below 3850, this fall can be termed as consolidation. Below that back to square one.

We would like to remind that last week we could not cross 3150 for the Nth time, so market should close above that for real strength. JAI HOOOOO.......

BULLS ON THE RUN.....

As we revealed (We don't predict), market ia blasting like any thing. They are over-bought. Drevivative closing is now in the back burner. Expect amrket to tank tomorrow. Keep a sl of 3147 or first 15 mins high. Close your shorts intraday or EOD. Do not hold long..... Tomorrow will be a red candle.



If market closes above 3089, good bull week ahead. Market should not close below 2960 tomorrow. Jai Hooooo.......

BOUND TO FALL.....

Market is over-bought on daily chart. It is bount to fall. Expect market to fall to 2845-2868. Buy with a sl of 2830. For this uptrend to continue, Market should not close below 2845.

Market should close above 3061 this week for excellent bull week. Jai HOOOOO........

EXPLOSIVE MOVE ......

Finaly explosive move & our target 2897 got thrashed. As the move was furious, we are not holdng any longs on closing basis as the sl will be very high. But had a good intraday trades.

Now next target for this rally is 2997 with slight pause as market is over-bought on intra day chart.

Tomorrow buy on decline upto 2891 with sl of 2862 for a target of 2969.

NOTHING MUCH TO COMMENT.....

Market finding it dizzy at higher levels. From here we might move eitherway. We are with no position in NF.

Watch, close below 2752 for first sign of weakness. But wait to short. Close above 2820 go for positional long. Be patient.....

Please don't forget to board the bull train(relief rally inside a bear phase) which is due in very near term. We are expecting a explosive move soon.........Jai HOOOOOOOO.......