Morning update Wed, 26th Nov:
In spite of gap up y’day, nifty was unable to sustain above 2780 which could have strengthened the further up move. Even after yesterday’s decline, there are strong chances for a positive bias today.
With the expiry being underway, traders should concentrate on intra-day trades only.
The trade above 2700 can make it retest y’day high of 2790 or even higher and on lower side, the breach of 2630 could make it very weak.
Morning update Tue, 25th Nov:
Morning update Tue, 25th Nov:
Expect the strong gap up open (sustaining) followed by further up move. Those who are holding long positions/ calls as mentioned earlier should monitor with TSL just to save profits.
The intra-day traders may initiate with ‘long’ even after gap up open.
The traders should book profits in long/calls at EOD.
Expect the strong gap up open (sustaining) followed by further up move. Those who are holding long positions/ calls as mentioned earlier should monitor with TSL just to save profits.
The intra-day traders may initiate with ‘long’ even after gap up open.
The traders should book profits in long/calls at EOD.
Morning update Mon, 24th Nov:
Morning update Mon, 24th Nov:
Today, it could be a volatile day with lot of uncertainties. Since the oncoming Tue indicates strong chances for a ‘bounce’, one should trade accordingly. For today’s trade, one should watch the trend after open carefully and the trend initiating after open may continue further. The trade in small quantity is preferable with strict SL to avoid losses.
Those who have already initiated the ‘long’ position on Fri should hold with strict TSL to cover on Tue. Traders should prefer intra-day moves and at the EOD, one may hold ‘long’ position/ ‘call’ to carry for Tue.
Today, it could be a volatile day with lot of uncertainties. Since the oncoming Tue indicates strong chances for a ‘bounce’, one should trade accordingly. For today’s trade, one should watch the trend after open carefully and the trend initiating after open may continue further. The trade in small quantity is preferable with strict SL to avoid losses.
Those who have already initiated the ‘long’ position on Fri should hold with strict TSL to cover on Tue. Traders should prefer intra-day moves and at the EOD, one may hold ‘long’ position/ ‘call’ to carry for Tue.
Morning update Fri, 21st Nov:
Morning update Fri, 21st Nov:
Yesterday, it was mentioned (breach of 2490 could weaken the nifty further to taste 2430) but the support acted well enabling some recovery by short covering. It influenced a ‘false’ sense of bullishness among many to generate calls to go long. However I was clearly mentioned in Thursday update………….(Though there are some chances for downtrend prevailing on Fri too, the traders should book profits at the EOD today, and re-initiate fresh after opening on Fri)
Today, expect yet another weak open and it’s better to concentrate on intra-day trade only. The breach of 2490-2480 can drift it further to 2430. However in recovery mode with other Asians counterpart, it may try to reach upper resistance levels at 2580(if 2430 support sustains).
Yesterday, it was mentioned (breach of 2490 could weaken the nifty further to taste 2430) but the support acted well enabling some recovery by short covering. It influenced a ‘false’ sense of bullishness among many to generate calls to go long. However I was clearly mentioned in Thursday update………….(Though there are some chances for downtrend prevailing on Fri too, the traders should book profits at the EOD today, and re-initiate fresh after opening on Fri)
Today, expect yet another weak open and it’s better to concentrate on intra-day trade only. The breach of 2490-2480 can drift it further to 2430. However in recovery mode with other Asians counterpart, it may try to reach upper resistance levels at 2580(if 2430 support sustains).
Morning update Thu, 20th Nov:
Morning update Thu, 20th Nov:
Today, it’s Thursday…………………..the only thing to mention.
Rest, everything was mentioned from the day, week started itself. (Most of the traders have already brought puts or shorted nifty as mentioned yesterday)
The ‘anticipated’ gap down today may see the nifty to open at 2540 mark (target mentioned earlier) or even breach it in open itself. Whatever the case may be, the further drifting after open could see the 2540-2490 supports under threat and the breach of 2490 could weaken the nifty further to taste 2430 or even lower levels.
With Asians & Europeans trading in the similar way, the chances for any recovery seems difficult.
The traders know well how to use ‘TSL’ to save their profits.
Though there are some chances for downtrend prevailing on Fri too, the traders should book profits at the EOD today, and re-initiate fresh after opening on Fri.
Today, it’s Thursday…………………..the only thing to mention.
Rest, everything was mentioned from the day, week started itself. (Most of the traders have already brought puts or shorted nifty as mentioned yesterday)
The ‘anticipated’ gap down today may see the nifty to open at 2540 mark (target mentioned earlier) or even breach it in open itself. Whatever the case may be, the further drifting after open could see the 2540-2490 supports under threat and the breach of 2490 could weaken the nifty further to taste 2430 or even lower levels.
With Asians & Europeans trading in the similar way, the chances for any recovery seems difficult.
The traders know well how to use ‘TSL’ to save their profits.
Though there are some chances for downtrend prevailing on Fri too, the traders should book profits at the EOD today, and re-initiate fresh after opening on Fri.
Morning update Wed, 19th Nov:
Morning update Wed, 19th Nov:
Yesterday, it was mentioned to exit all shorts to reinitiate fresh on Wed.
With rebound at Wall streets in last hour as well Europeans closing in +ve influenced a distinct possibility for some bounce in Asians today morning but Asians opened flat with slightly –ve bias.
Today, it could be a ‘range-bound’ session with some volatile moves suitable for intra-day trade and traders should concentrate on most likely fall on Thursday and trade according.
But there are some chances that the anticipated fall may initiate today itself in accordance to other Asian counterparts. The trade below y’day low would push nifty in ‘gap-zone’ and nifty would continue its down move till 2540 mark as mentioned yesterday.
Today, the traders should carry their ‘shorts’ / puts to cover on Thursday. (Gap-down possible on Thu)
Yesterday, it was mentioned to exit all shorts to reinitiate fresh on Wed.
With rebound at Wall streets in last hour as well Europeans closing in +ve influenced a distinct possibility for some bounce in Asians today morning but Asians opened flat with slightly –ve bias.
Today, it could be a ‘range-bound’ session with some volatile moves suitable for intra-day trade and traders should concentrate on most likely fall on Thursday and trade according.
But there are some chances that the anticipated fall may initiate today itself in accordance to other Asian counterparts. The trade below y’day low would push nifty in ‘gap-zone’ and nifty would continue its down move till 2540 mark as mentioned yesterday.
Today, the traders should carry their ‘shorts’ / puts to cover on Thursday. (Gap-down possible on Thu)
Morning update Tue, 18th Nov:
Morning update Tue, 18th Nov:
The recovery (?) seen in yesterday’s trade from day’s lows has trapped some as well influenced a ‘fake’ bullishness for many.
But this week is certainly in favor of ‘Bears’ and those who are holding ‘shorts’ or ‘puts’ need not to worry much.
However one must book profits regularly as well try to exit by EOD for today.
Today, nifty may open weak and trade in a volatile way with –ve bias. In spite of such volatile moves, if nifty manage to break y’day low of 2694, there are strong chances that nifty may retest the 2540 mark or even lower up to Thursday closing.
The recovery (?) seen in yesterday’s trade from day’s lows has trapped some as well influenced a ‘fake’ bullishness for many.
But this week is certainly in favor of ‘Bears’ and those who are holding ‘shorts’ or ‘puts’ need not to worry much.
However one must book profits regularly as well try to exit by EOD for today.
Today, nifty may open weak and trade in a volatile way with –ve bias. In spite of such volatile moves, if nifty manage to break y’day low of 2694, there are strong chances that nifty may retest the 2540 mark or even lower up to Thursday closing.
Morning update Mon, 17th Nov:
Morning update Mon, 17th Nov:
The market is expected to open flat or on slightly positive note to head for a volatile session ideal for intra-day trades only.
Avoid initiating any positional move.
For intra-day trade, break below 2810 would lead to major support area 2760 and break of 2760 only could open the way for further down levels. (Chances seem less for today’s trade).
The nifty may trade ‘range bound’ today and attempt to regain 2.9K levels if other Asians as well European markets shows some strength.
The market is expected to open flat or on slightly positive note to head for a volatile session ideal for intra-day trades only.
Avoid initiating any positional move.
For intra-day trade, break below 2810 would lead to major support area 2760 and break of 2760 only could open the way for further down levels. (Chances seem less for today’s trade).
The nifty may trade ‘range bound’ today and attempt to regain 2.9K levels if other Asians as well European markets shows some strength.
Morning update Fri, 14th Nov:
Morning update Fri, 14th Nov:
The good IIP no. & inflation as well recovery of Dow in last hours to close 552 points up would explain why it was mentioned to chase the decline with TSL and let the nifty make a ‘safe exit’ for your shorts on Wed, 12th Nov.
Today, expect a +ve open for Indian markets but any such bounce would be an ‘invitation’ for fresh shorts. The nifty is expected to open around 2.9K mark and sustaining above it could enable it to see even 2950 levels. The trade above 2950 may invite short covering to see 3.0 K levels.
However, unable to sustain this gap-up would drift it towards 2850-2830 or even below it at major support zone 2775. Any tough resistance on higher side could be used for intra-day shorts and it’s better to exit all positions before EOD to initiate fresh on Mon.
The good IIP no. & inflation as well recovery of Dow in last hours to close 552 points up would explain why it was mentioned to chase the decline with TSL and let the nifty make a ‘safe exit’ for your shorts on Wed, 12th Nov.
Today, expect a +ve open for Indian markets but any such bounce would be an ‘invitation’ for fresh shorts. The nifty is expected to open around 2.9K mark and sustaining above it could enable it to see even 2950 levels. The trade above 2950 may invite short covering to see 3.0 K levels.
However, unable to sustain this gap-up would drift it towards 2850-2830 or even below it at major support zone 2775. Any tough resistance on higher side could be used for intra-day shorts and it’s better to exit all positions before EOD to initiate fresh on Mon.
Morning update Wed, 12th Nov:
Morning update Wed, 12th Nov:
The excessive drifting y’day and close in support zone have made the task for Bears a bit difficult for today’s trade.
It’s better to add trailing SL to all shorts / puts at the open itself.
Though Dow’s close in red y’day as expected…..the recovery in last hour followed by dow futures trading +ve would influence surprising moves in our markets. Still the trade till noon don not indicates any big up move. It would be interesting for today to watch if Nifty trades below 2915. It could drift further to much awaited 2860 zone which would offer good support and unable to break it before 01:00 pm would invite some short covering.
On higher side, clearing the 2960-70 zones would lift it up over 3K levels.
The trades in short mode need to trail with monitoring SL till 01:00pm.
If SL hits, better to concentrate on intra-day trade for rest of the day.
The excessive drifting y’day and close in support zone have made the task for Bears a bit difficult for today’s trade.
It’s better to add trailing SL to all shorts / puts at the open itself.
Though Dow’s close in red y’day as expected…..the recovery in last hour followed by dow futures trading +ve would influence surprising moves in our markets. Still the trade till noon don not indicates any big up move. It would be interesting for today to watch if Nifty trades below 2915. It could drift further to much awaited 2860 zone which would offer good support and unable to break it before 01:00 pm would invite some short covering.
On higher side, clearing the 2960-70 zones would lift it up over 3K levels.
The trades in short mode need to trail with monitoring SL till 01:00pm.
If SL hits, better to concentrate on intra-day trade for rest of the day.
Morning update Tue, 11th Nov:
Morning update Tue, 11th Nov:
Dear friends, I have got many massages for update………………….
Please check the earlier post of 10th Nov. Everything is mentioned clearly till Wed.
Dear friends, I have got many massages for update………………….
Please check the earlier post of 10th Nov. Everything is mentioned clearly till Wed.
Morning update Mon, 10th Nov:
Morning update Mon, 10th Nov:
In spite of all global +ve clues, do not expect any ‘huge’ rallies on higher side. It’s the time when ‘longs’ should be kept with strict ‘SL’. One may prefer intra-day trades only today and the break below 2960 could be safer for ‘short’ today. Still there are some chances for 3065/3100 and 3180 on higher side.
It’s the well experienced facts that any big move can be outcome of a ‘gap-up’ or ‘gap-down’ and we could make good profits out of it.
I wish to attract your attentions towards such ‘big move’. On the oncoming Mar’s day (11th Nov), the Mars is supposed to strengthen the ‘Bears’. The Dow would show its real colures on Tue night.
Please take it as an opportunity to initiate shorts/puts on Tuesday and carry such shorts for Wed to enjoy a good gap down followed by further weakening on Wed.
In spite of all global +ve clues, do not expect any ‘huge’ rallies on higher side. It’s the time when ‘longs’ should be kept with strict ‘SL’. One may prefer intra-day trades only today and the break below 2960 could be safer for ‘short’ today. Still there are some chances for 3065/3100 and 3180 on higher side.
It’s the well experienced facts that any big move can be outcome of a ‘gap-up’ or ‘gap-down’ and we could make good profits out of it.
I wish to attract your attentions towards such ‘big move’. On the oncoming Mar’s day (11th Nov), the Mars is supposed to strengthen the ‘Bears’. The Dow would show its real colures on Tue night.
Please take it as an opportunity to initiate shorts/puts on Tuesday and carry such shorts for Wed to enjoy a good gap down followed by further weakening on Wed.
Morning update Fri, 7th Nov:
Morning update Fri, 7th Nov:
Many readers were surprised as it was mentioned to cover shorts by EOD y’day.
In spite of fall in US & European markets yesterday night, the Asians are recovering fast this morning from their weak open. (SGX CNX Nifty opened at 2752 have recovered till 2860)
Today, it could be a ‘pause’ for downtrend prevailing or even there are strong chances for a surprising bounce coupled with +ve dow futures. Yesterday, it was mentioned that Dow has strong chances for an up move on Fri.
Today, the traders should concentrate on intra-day trade only and trade below 2850 could be safer to go short with strict SL. The sustaining above 2910 could lift it to 2945/2975 and even 3000.
It’s better to close all positions before EOD.
Many readers were surprised as it was mentioned to cover shorts by EOD y’day.
In spite of fall in US & European markets yesterday night, the Asians are recovering fast this morning from their weak open. (SGX CNX Nifty opened at 2752 have recovered till 2860)
Today, it could be a ‘pause’ for downtrend prevailing or even there are strong chances for a surprising bounce coupled with +ve dow futures. Yesterday, it was mentioned that Dow has strong chances for an up move on Fri.
Today, the traders should concentrate on intra-day trade only and trade below 2850 could be safer to go short with strict SL. The sustaining above 2910 could lift it to 2945/2975 and even 3000.
It’s better to close all positions before EOD.
Morning update Thu, 6th Nov:
Morning update Thu, 6th Nov:
Yesterday, I had mentioned in chat room to initiate shorts / put as well hold for today. The yesterday’s mega fall as well Gap-down today would make it in good profits. Today, even after gap-down, there are strong chances for further drifting and the Nifty would march towards tasting earlier lows. The traders may hold shorts or re-initiate at open but all such shorts should be covered by EOD.
The oncoming Fri indicates some volatile movements and it’s better to try only intra-day trades on Fri.
On Fri, there are strong chances for an up move in DOW which may influence the open of Asians on Mon.
Yesterday, I had mentioned in chat room to initiate shorts / put as well hold for today. The yesterday’s mega fall as well Gap-down today would make it in good profits. Today, even after gap-down, there are strong chances for further drifting and the Nifty would march towards tasting earlier lows. The traders may hold shorts or re-initiate at open but all such shorts should be covered by EOD.
The oncoming Fri indicates some volatile movements and it’s better to try only intra-day trades on Fri.
On Fri, there are strong chances for an up move in DOW which may influence the open of Asians on Mon.
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