30/11/09 - Market cues & calls

Nifty on Friday opened huge gap down due to news about Dubai financial tremors, where it went down till 4800 mark and recovered strongly @ the end.Banks and realty's are down more than 3% have recovered finally. Now how far this Dubai crisis will play out the world markets? The amount is not big as what we saw on previous financial crisis occasion and also no major Indian companies or banks deal over there. So there is nothing to do with Dubai crisis in our markets.But there are some internal concerns where we can play out from here on like P note, Increasing taxation on FII trades like Brazil,GDP. GDP numbers coming today which may induce Indian markets move from here on.Lets see how markets will play out.
Nifty View ::

Nifty struggling to cross the new high of this year,whenever we are about to cross some kinda news making all the way to bears.I strongly believed it will be done on last expiry where it was shuffled by Dubai news and DRR hike in china. So technically until we see new high this range will continue with 4798 support and 5151 resistance. So whats the game plan on Nifty today? let see. Asian markets opened strong due to Europe strong +ve close on friday which majorly affected by Dubai debt game. So we can effect a Gap up open above 5000 to fill the gap we left on Friday. One can boldly short around 5008 with stop of 5020, the price action of Friday says we will hit 4885 atleast once. Support for the day pegged @ 4849. we may trade flat until GDP data hits. Try to exit longs @ every rise or have strict stop with some option hedging. Bears will use all rise to short this market until high of october takes out. Pick mid cap banking stocks and cement sector for this month.

Levels ::

Nifty fut supp @ 4849 :: Res @ 5008

Stocks to watch ::

Binani cem
Suzlon
Thinksoft
Ricoauto

Note :: Cant able to update nifty views due to personal reason, will try to post.

Happy trading!!!!!!!!!!

13/11/09 - Market cues & calls

Finally profit booking witnessed from cheap bulls. Still strong bulls accumulating at lower levels for 5200.Blue channel analyst still shouting short @ higher levels.When 5200 comes they will ask people to buy where smart money releases their Position.Dollar Index @ 15 month low. Until dollar founds some bottom FII inflow will continue in Indian markets.Gold Made our target 1120$ yesterday. Next target in gold is 1166$ with some retrace to lower side. Long term target sets @ 1300$.Banks continue to be dragging side on markets.so how markets will play today lets see.

Nifty view ::

As said yesterday 4966 and 4919 came below that bears cant able to hold and bulls bought it where we saw strong recovery @ end. Today bears will eye for 4970 to take a short for yesterdays low and below that.Nifty made Inside day yesterday where breaking low or high will give solid points which we saw on past.Until we close below 4875 buy @ dips for new high.Lack of buying @ higher levels witnessed yesterday. I strongly feel Longs will get liquidated here. 5050 is big resistance,hope it will be taken next week.Operators can take advantage of closing market below previous week close to make retailers feel market is weak.Today's game plan is if nifty opens gap down take a long for 4988 and 5005, rather if it opens around 4988 short for yesterdays low. Hope smart money will close nifty above 5000 mark today,lets wait and watch.

Levels ::

Bearish > 4974 < Bullish

Stocks to watch ::

Kirloskar oil
Mahindra Ugine
Shoppers stop
WWIL


Happy trading !!!!!!!

12/11/09 - Market cues & calls

Nifty stunned everyone crossing 5000 mark. Now all blue channels shouting to take longs which we are saying from last Friday.People who is short mood again and again shorting @ higher levels getting punched. Live with market,market wont change for you or for your position. Big boy Reliance stunned everyone. Bank Nifty struggled yesterday but managed to hold its support. All metals shined yesterday. So will bears havoc continues? lets see.

Nifty view ::

Nifty did our contra target 4965 yesterday and also closed above 5000. Still 5050 left which is mother of resistance, a gap up above that level will show strong bulls action. I expect profit booking around those levels. Bears need to hold below 4919 to make them strong. Bulls will keep on Buy @ 4950 levels for New high. For Intraday I expect Nifty to trade flat today with some profit booking where it can take Nifty to 4966. Positional traders as said earlier buy @ dips for 5050 and new high.Dow as said earlier trading sideways with thin volumes.

Levels ::

Bearish > 4958 < Bullish

Stocks to watch ::

Jubliant
Neyveli Lignite
Eastern silk

Happy trading !!!!!

11/11/09 - Market cues & calls


Both Bulls and bears fought heavily with bears on upper hand with a swing of 100 points. As said yesterday many news flowing in street about Reliance which not allowing to move. Many big fund houses upgraded long in Reliance. SBIN keep on moving which helps Nifty to hold support zone. So will Nifty able to hold this zone lets see.

Nifty view ::

Nifty opened gap up and struggle to cross 4950. So 4965 level will be strong resistance for Index. and 4810 will be strong support. Hourly chart suggest some retrace until 4829 level fail to hold will make nifty to fall until 4773 where final support pegged in. Big Boy Reliance making trouble for Bulls. Nifty Holding yesterday's low will make index to cross 4950 today, where we need to watch volumes. Once crossing with volumes bulls will hold the week.Today I expect nifty to gap down where you can take long with strict SL @ 4848, rather if it gap up short for 4875 . Holding 4909 bulls will rule for 4965 and below 4851 bears will rule for 4810.

Levels ::

Bearish > 4893 < Bullish

Stocks to watch ::

ITI Ltd
Taj GVK Hotel
NCF

Happy trading !!!!!!

10/11/09 - Market cues & calls

Bears Havoc happened in Nifty as mentioned in yesterday's column. we are nearing our target 4965 so can we able to cross it?. Big Boy Reliance not supported yesterday's rally still Nifty managed to take on its own path with Banks particularly SBIN. So as said yesterday small banking stocks zoomed as well. Lets see what will be the trigger for today.

Nifty View ::

Nifty Done Inverse head and shoulder target of 4877 from 4700 massive 177 points. And also still contra target 4965 left. hope It will be Done today. Initially Nifty struggle to cross 4828 which we mentioned yesterday. Bears cant able to hold below 4785.Today Nifty should not break 4873 holding that Bulls will make the day. Nifty failing to hold that will take again to 4810. Nifty likely to open Gap up. Above 4988 You can add longs for 5050 and new high. Time analysis worked perfect From Friday for Long side.

Levels ::

Bearish > 4848 < Bullish

Stocks to watch ::

Central bank
Tech Mahindra
KPIT cummins
Orbit corp

Happy trading !!!!!

9/11/09 - Market cues & calls


Nifty future swings more volatile where retailers cant able to step in. Last two days its happening much.As mentioned on Friday 4833 acted as strong resistance and cant able to move above that. Its big tussle between bulls and bears. Today we will know who gonna win.I feel this looks good investment zone for long term investors.so Lets see the trigger for today.

Nifty view ::

Nifty cant able to reach the Inverse head and shoulder target of 4877 on Friday where 4833 acted as strong resistance. weekly close above 4833 might be an strong bullish trigger which not happened . Until we breach the Neckline 4700 we can eye for that target. Neckline will act as support,breaching that it will slide more to 4640. Long need to have strong stop loss @ 4730 on closing basis. Hourly charts still on bear side with support @ 4664 . US markets will be sideways with low volumes as vacation gonna start there.Nifty likely to open flat where breaking Fridays low or high will trigger new trades until it will be useless to trade it. Today trading above 4828 bulls and below 4785 Bears will hold the day. I strongly feel we will see 4965 (contra view) as more sentiments laid on short side. Have strict stop and trade as volatile move going to continue for few days. Eye small banking stocks here for good return.


Levels ::

Bearish > 4800 < Bullish

Stocks to watch ::

Dredging
ISMT
Ushamartin

Happy trading !!!!

6/11/09 - Market cues & calls


Nifty made both ways as we said in yesterday's column. Bears took Nifty down to 4655 and 4610 to get out and Bulls broke 4730 and stalled @ 4786 which is days high.Bulls have been saved by Indian Govt finally on their divestment plan on PSU's.Banks/reliance/IT saw some massive short covering by bears. so will this run continue? lets see.

Nifty view ::

Nifty formed a inverse head & shoulder pattern on hourly charts with neckline @ 4700. for tgt of 4877. As per time analysis we neared reversal date of nov7 which is tomorrow we may see some strong bulls action from here on for 4965. weekly close above 4833 may take nifty to new high until some bad news creeps in. Until we close above 4965 option writers will use the swing to write higher level call option. I may advice investors to pick some good midcap stocks.Nifty should not break 4690 today.smart money will try to accumlate stocks from here on seeing the massive short covering yesterday. Positional longers can have Stop @ 4690 and buy @ dips for 4965 tgt. Today opening abv 4833 is a strong bull trigger which is second target mentioned in yesterday's column. Bears can eye of 4650 zone one more time which can be overuled by 4833 opening.4862 is the next level to watch where we had massive fall from this zone. weekly close above that level is strong bullish sign for New high in Index. yesterday kingfisher call made more than 20%.

Levels ::

Nifty fut supp @ 4690 :: Res @ 4862

Bearish > 4682 < Bullish

Stocks to watch ::

Spice comm
Wockhardt
Hexaware

Happy trading !!!!

5/11/09 - Market cues & calls


Nifty finally closed in green after 11 stunning action showed by bears. Big boy Reliance played well yesterday made more than 5% and gave bulls a relief. Fund houses have rated Reliance a buy which made massive run in that. Banks and metals added flavor to bulls run yesterday. so will bulls action continue? lets see.

Nifty view ::

Yesterday's game cant be played as it opened flat. Many bears get trapped @ 4655 mark, so they may try to bring index to that level. Nifty formed Insider bar on EOD charts so break of 4730 will take nifty to 4786 and 4833. As mentioned on previous post MACD had reached its extreme where we need to see a technical Bounce which happened yesterday with low volume. Until we close above 4965 write calls of higher strike and buy lower strike puts.Below 4615 short index for full gain.Many asked about RIL until it close above 2071 its short @ rise. I will advice longers to use full of this short covering to exit if they trapped before. yesterday's pick jet airways went more than 65 rupees. Try to accumlate midcap banking stocks like dena bank, yes bank in these fall which we mentioned earlier too.

Levels ::

Nifty fut supp @ 4618 :: res @ 4734

Bearish > 4652 < Bullish

Stocks to watch ::

Kingfisher
Lic Housing
Unitech

Happy trading !!!!!

4/11/09 - Market cues & calls

Nifty just filled the long gap which we left around 4545 - 4569 zone with a massive fall of 11 trading sessions. Reliance/SBIN/IT stocks have beaten heavily yesterday.Nifty closed below its 38.2% retrace 4669 of previous swing high and low.so will it continue its fall or get halt here? lets see.

Nifty view ::

Nifty skipped the +ve divergence on hourly charts once it breached 4669. Patterns/moving average cross/divergence/candles for every thing master is Stop loss. If you don't trade without stop loss its the most arrogant thing you doing as far as trading is concern. Markets are just peoples mindset and smart money's play. So never think to over come the both. Again as said on earlier two post Over sold markets doesn't mean we should not fall. Now adding some sense to that when people says about FII figures I used to laugh. If FII bought for 2000 cr so is there any rule market should not fall? those are just layman terms where so cald TV analyst used to say. Be your own boss always. Now coming back Nifty today if we open gap down today just go long with stoploss below 4525 or If we open gap up near 4600 just short with 4612 as stop. Today I feel Market will close flat to +ve. If the fall continues Nifty may have final halt @ 4453. Stop Loss Rules.


Levels ::

Nifty fut supp @ 4450 :: Res @ 4620

Bearish > 4651 < Bullish

Stocks to watch ::

Jet airways
MIRC
KGL

Happy trading !!!!

3/11/09 - Market cues & calls

Nifty Short @ rise plan worked for Friday which gave more than 150 points.Dow beaten up heavily on Friday about 250 points on strong dollar rise and worries about jobless data. where that influenced many World markets to fall more than 2% . Chinese markets looks like havoc of fall which skipped DOW and sailed on its path yesterday. US govt had admitted jobless will be more in coming days which erased most of the gain which DOW made yesterday.Reliance under account fraud scanner which we mentioned on Friday came public yesterday,so it wont be done all of the sudden. Bounce should be used to book profits in RIL.So whats the action plan for Nifty today lets see.

Nifty View ::

Nifty Broken the key level 4777 and fell hard on Friday and went below 4700 with 4692 as low. so 4669 38.2% retrace will act as support. So positional traders Stop loss for longs should be 4669 on closing basis which I wont go for. Bcos it will be a retrace after 10 days of fall. Fresh longs will be added once we close above 4965 again for new highs. until that I wont think of longs rather I will short @ rise.In EOD charts MACD divergence @ most extreme suggest no room to fall. last column I mentioned oversold market doesnt mean we wont fall. same scenario will continue until stochastic cross signal line. Indicators suggests bears getting tired after 10 days of huge work from Diwali.Eod chart we can Find same kind of candle pattern lets see whether it holds this time.Nifty action plan for the day will be, if we open around 4725 short with stop of 4735 for 4669 target. Nifty need to hold above 4731 for any upmove. Now coming to Reliance it has technical target of 1300 on long term perspective. so Every Rise in Reliance make use to short with Stop loss of 2088 on closing basis.

Levels ::

Nifty fut supp @ 4625 :: res @ 4790
Bearish > 4774 < Bullish

Stocks to watch ::

Alkali metal
Bartronics
voltas

Happy trading !!!!!