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.......

FACES RESISTANCES.....

As expected market faced resistence @ 2820 region, but could not close above it due to profit booking.

We do not have any position in market now. Wait & Watch.

If 2752 is not broken on downside, we are expecting a good (explosive???) rally upto our first target of 2897. If 2752 is broken wait for amarket to close above 2820 for long postion or close below 2677 for short position. JAI HOO...........

UNDERTONE IS BULLISH.....

Market behaved as expected. Thanks to almighty & my guru. Market will find it difficult to cross 2810-2820 region. If closes above 2820 & 2684 is not broken then our first target for nifty 2897.

Tomorrow expect market to move towards 2820 levels & will face resistance. Book ur longs there wait for closing hours. If closes above 2820, go for positional long for which sl will be discussed latter.

Positional shorts can be run only when market closes below 2684. JAI HOOOOO....

NERVOUS AREA....

Market near nervous area. On a intraday basis, close your long near 2820-2830 zone. Enter short position with sl of 2841. If sl hits & market closes above 2830, intiate fresh positional long with target of 2875-2890.

If market fails to cross 2792 in first half an hour, it is sign of weakness. Short nifty with sl of 2808. Close your shorts at EOD. Jai Hoo.........

HOLD UR SHORTS

Hold ur shorts with SL of 2712. Market looks oversold, expect market to move upward tomorrow & will close in green. If you want a intraday trade, close ur short on open & short it EOD. JAI HOOOOOOOOOOO.

HIGHLY VOLATILE

Expect market to move up initially, but will not be able to sustain as it will find dizzy at higher level. Sl for short 2739. If market closes below 2612, expect market to go below previous near term low (2253). My target will be around 1900. Jai HOOOOOOOOOOOOO..........

EXPECT A BOUNCE....

Expect a bounce tomorrow. our sl for short is 2765 & 2689(closing basis). If market closes in green & below 2689, no need to close ur short, still downside left. Let us try to identify the bottom meanwhile. JAI HOOOOO.

HOLD UR SHORTS...........

Revised stop loss for our short is 2767. More downside left, Enjoy. Expect a Gap down tomorrow. Let us not predict the downside target, which few do. It is not a easy joke. Even few are predicting market recovering tomorrow & a target of 2915. Let us go by our trend........... SHORT...............JAI HOOOOOOOOOOO

WHERE ARE WE HEADING?????

In above nifty chart we see market trading in a narrow range of 300

pts in two months. I have divided it into upper,middle 7 lower band. Market gets jittery when goes to upper band & lower band. It is confortable when it stays in the middle band. So then what to do. Lets try to short when it goes into upper band & buy in lower band. Use ATR for SL. My gut feeling says we will break the range in the middle of this week. hope that happens. Our Sl for our short is placed @ 2816. JAI HOO............

POST DERIVATIVE CLOSING

I could'nt update for last three days, as my net was out of order. First of all 'Very sorry'.
Then to tomorrow, "please read our weekend report" market have performed as per our view. We are already short (@ 2790) in nifty with sl 2832 closing basis.If you have missed it don't worry it is simple if market closes above 2832 tomorrow go long & if it closes below 2737 go short. Both will give you 100 point reward. Let us see the sl in the week end. JAI HOO..........

WEEKEND ANALYSIS

Second image shows FII & Mf flows. They are still negative. Mf's monthly outflow is highest in last ten months. Fii's are also net sellers & they continue to do so. As per out flow expect a break in the market in the downside.

I expect market to move up to region 2770-2803 maximum on account of short covering & derivative closing. Don't forget to short nifty in this region for a good downside move on latter part of this week. For negate this view nifty should close above 2832 next week. If it closes above 2832 next week let us close our short.

Regarding the first chart, it's nifty weekly chart with reduced band width. Similar formed zone, some time before is highlighted. It is ready to move downward. BE CAUTIOUS.

INTERESTING STAGE

Yesterday's call stop loss hit & then goes to hit first target. As expected it was a volatile day. Instead of predicting the market let us watch tomorrow. No pre-market calls(intra day). If market closes above 2817 tomorrow, go positional long or if closes below 2736 go positional short. We will arrive at sl in the long week end.

INTRESTING PHASE

Yesterday's both a calls suceeded. Market has closed above 2760. Market volatility will increase. Tomorrows close is crucial. Trade with negative bias. Short nifty @ 2787 with sl 2800 for a target of 2768,2757,2738. If market closes below 2736 tomorrow intiate short position or buy march put.

BOUNCE BACK EXPECTED

Expect a bounce from current levels. Go long in nifty with 2710 as SL if market open flat or lower. The bounce might be short lived. On bounce short Nifty @ 2802 with Sl 2822. Play it on intra-day basis. Today market held our support. If closes below it trend will be short.

IS IT A PAUSE IN LONG TREND???

Market has tanked from over bought position. Trend is Neutral. Trend will become short once market closes below 2760. Nf has made a Island Reversal pattern. Which is a bearish signal. Below 2760 we can see blood bath. On other side if market takes support @ 2810 & bounces, higher side target is evident. Do not remain long below 2760.

WEEKEND ANALYSIS

BULLISH TARGET FOR NIFTY SPOT 3082 WILL BE NEGATED ONCE NIFTY CLOSES BELOW 2887. MARKET LACKS BUYING. FIRST CHART - NIFTY DAILY CHART SHOWS THE IMPORTANCE OF 2887. SECOND CHART SHOWS THE FII & MF FLOWS. DON'T GIVE IMPORTANT TO VALUES. IT IS PREPARED FROM 01-01-2007 WITH PRESENT EQUITY OF FII AS RS10000 CR & MF AS RS1000 CR. IT SHOWS ONLY THE DIRECTION. AS PER CHART FII OUT FLOW AS REDUCED BUT BUYING IS NOT EMERGING BOTH FROM FII'S & MF'S. I DON'T SEE ANY MAJOR NEGATIVE TRIGGER FROM PRE-ELECTION-MINI-BUDGET BUT CAN EXPECT SOME MINOR POSITIVE TRIGGER TO THE MARKET. EXPECT OUR NIFTY TARGET(3082) WITH CAUTION ON DOWNSIDE THIS WEEK.

TARGET INTACT

Market need to cross 2960 with good volume for uptrend to continue. Till then trade light & play only intraday trades. No overnight position on any side. Target for nifty 3082 still intact.

DECOUPLING FROM US MARKET

Our target of 3082 is still valid untill market closes below 2850 spot. Market shows signs of decoupling from US market. Current market is "buy on decline". our yesderday's call "buy @NS 2920 with Sl 2907 for a target of 2942-2958-2986" went upto 2937.50 at closing hours of the day. For tomorrow buy nifty @2915 with sl 2900 for target 2950.

NIFTY SPOT MAX RALLY

Nifty spot maximum will rally upto 3082-3220. Tomorrow's call buy @NS 2920 with Sl 2907 for a target of 2942-2958-2986.

Let us try to short near 3082 with sl of 3220 for position. Let market move to that zone till then lets play intraday long.