Morning update Wed, 31st Dec:
Expect a positive open for Indian markets and the trade within few minutes after open would decide the trend for rest of the day. With low volume trade, the traders should trade light and with strict SL.
One may initiate longs / 3000CE with strict SL for intra-day trade. If nifty sustains over 3K, one may carry these longs / call for Thursday, 1st Jan or one may re-initiate on Thursday open.
http://niftypredictor.blogspot.com/
Morning update Mon, 22ed Dec:
Morning update Mon, 22ed Dec:
Though the Asian counterparts are trading weak, expect a flat open for Indian markets with positive movements for rest of the day. The traders should avoid heavy trades near expiry of this month. For intra-day trade, one may initiate long at open to cover at EOD.
Though the Asian counterparts are trading weak, expect a flat open for Indian markets with positive movements for rest of the day. The traders should avoid heavy trades near expiry of this month. For intra-day trade, one may initiate long at open to cover at EOD.
Morning update Thu, 18th Dec:
Morning update Thu, 18th Dec:
The market reacted exactly as mentioned. However it is observed that yesterday’s drifting had made many traders ‘biased’ again to add more shorts……………
The traders should prefer to exit shorts gradually (till Fri) and prefer to trade light for intra-day only till Friday as there are some chances for a bounce on Monday, the start of exp week.
For today’s trade (if holding shorts) one should use TSL to protect gains and prefer intra-day trades if TSL struck.
The market reacted exactly as mentioned. However it is observed that yesterday’s drifting had made many traders ‘biased’ again to add more shorts……………
The traders should prefer to exit shorts gradually (till Fri) and prefer to trade light for intra-day only till Friday as there are some chances for a bounce on Monday, the start of exp week.
For today’s trade (if holding shorts) one should use TSL to protect gains and prefer intra-day trades if TSL struck.
Morning update Wed, 17th Dec:
Morning update Wed, 17th Dec:
The Fed rate cuts induced bounce in dow terminated the chances for a gap down but it can be clearly seen that the Asians are gradually losing their morning gains as the trade progresses. The dow futures indicating the chances for weakening tonight.
Whatever may be the open, one can go short till end of the day or risky traders may gamble tom open.
Those who are trapped in shorts at earlier levels may try to avg it and book at EOD or tom open to reduce losses.
The Fed rate cuts induced bounce in dow terminated the chances for a gap down but it can be clearly seen that the Asians are gradually losing their morning gains as the trade progresses. The dow futures indicating the chances for weakening tonight.
Whatever may be the open, one can go short till end of the day or risky traders may gamble tom open.
Those who are trapped in shorts at earlier levels may try to avg it and book at EOD or tom open to reduce losses.
Morning update Tue, 16th Dec:
Morning update Tue, 16th Dec:
Expect a flat or slightly weak open and the trade below 2980 could drift nifty towards 2940, followed by 2905. Tomorrow is yet another weak day indicating strong chances for a gap-down and traders may carry their shorts for tomorrow.
Expect a flat or slightly weak open and the trade below 2980 could drift nifty towards 2940, followed by 2905. Tomorrow is yet another weak day indicating strong chances for a gap-down and traders may carry their shorts for tomorrow.
Morning update Fri, 12th Dec:
Morning update Fri, 12th Dec:
Yesterday, nifty failed to close above 2950 and it was mentioned in chat room to initiate fresh shorts / puts (2900PE&2800PE).
Today, expect the nifty to open weak and the 2860 levels would be important to watch. The breach of 2860 and trade below it would pull it to retest the last week high at 2832 and 2800 levels.
The next 3days till Wed 17th would be favorable for bears and the traders should hold shorts/ puts as well add more on breach of major supports.
Yesterday, nifty failed to close above 2950 and it was mentioned in chat room to initiate fresh shorts / puts (2900PE&2800PE).
Today, expect the nifty to open weak and the 2860 levels would be important to watch. The breach of 2860 and trade below it would pull it to retest the last week high at 2832 and 2800 levels.
The next 3days till Wed 17th would be favorable for bears and the traders should hold shorts/ puts as well add more on breach of major supports.
Morning update Mon, 8th Dec:
Morning update Mon, 8th Dec:
In the weekly views of last week it was mentioned to exit all shorts for the possibility of a bounce on Friday or Monday. It was also mentioned that (However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again)
Today, expect a +ve open above or around 2.8k levels followed by a volatile session ahead.
The traders should prefer intra-day trades initially and use the probable intra-day high (within 1st hour of trade) to initiate positional shorts/ put near to index value.
Tomorrow, it’s a trading holiday for Indian markets but all Asians are expected to trade weak tomorrow followed by Europeans and Dow.
In order to balancing with other counterparts, Indian markets may start drifting from Wednesday and the positional shorts initiated today could be in good profits.
In the weekly views of last week it was mentioned to exit all shorts for the possibility of a bounce on Friday or Monday. It was also mentioned that (However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again)
Today, expect a +ve open above or around 2.8k levels followed by a volatile session ahead.
The traders should prefer intra-day trades initially and use the probable intra-day high (within 1st hour of trade) to initiate positional shorts/ put near to index value.
Tomorrow, it’s a trading holiday for Indian markets but all Asians are expected to trade weak tomorrow followed by Europeans and Dow.
In order to balancing with other counterparts, Indian markets may start drifting from Wednesday and the positional shorts initiated today could be in good profits.
Morning update Tue, 2ed Dec:
Morning update Tue, 2ed Dec:
With all Asians counterparts trading weak, expect a gap down open for nifty.
The open around or below 2.6K mark would drift it further towards major support area 2540-2550. The breach of this support would initiate the fall to re-test the earlier lows or even making new low in this month itself.
The traders may hold shorts/ initiate new on any bounce as mentioned in weekly view.
With all Asians counterparts trading weak, expect a gap down open for nifty.
The open around or below 2.6K mark would drift it further towards major support area 2540-2550. The breach of this support would initiate the fall to re-test the earlier lows or even making new low in this month itself.
The traders may hold shorts/ initiate new on any bounce as mentioned in weekly view.
WEEKLY VIEWS:
WEEKLY VIEWS:
The week started with +ve bias initially to lift nifty above 2.8K mark in the initial trade of Mon but failed to sustain above 2800. The oncoming Tue & Wed indicates further weakening and the positional traders holding short positions may hold shorts(with TSL) to cover on Wed at EOD.
On Thursday, one should prefer intra-day trade only and exit all shorts before EOD as the Fri indicates strong chances for a bounce. However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again.
The week started with +ve bias initially to lift nifty above 2.8K mark in the initial trade of Mon but failed to sustain above 2800. The oncoming Tue & Wed indicates further weakening and the positional traders holding short positions may hold shorts(with TSL) to cover on Wed at EOD.
On Thursday, one should prefer intra-day trade only and exit all shorts before EOD as the Fri indicates strong chances for a bounce. However this bounce would be short lived and the oncoming week post Mon indicates downtrend resuming again.
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