Yeah baby! we hit that $$$

A simplistic analysis on Nifty ( http://tinyurl.com/3eg6rf6 )worked without any rocket science, just pure basics.



so whats next?

It took Nifty more than 2 months to visit 50 MA again. So will it sustain above that? If it need to we need a close above that. I don't think so, as result season kicking in. So we gonna Grind more here in this range.

An OTM put with least premium can make some $$$ for you here.


Regards

Jay

Simple View on Nifty !!!!

Looks with Bullish Engulf 50 MA will be tested soon !!!!

28/4/11 NIfty game plan

Expiry day, nothing much on Technicals . watch out for 5810 & 5896 in nifty future. 5790 & 5925 are Breakout levels, until those levels get breached Dips will be bought & Highs will be sold . My sense Nifty may expire in the band of 5800 - 5900. we are poising for a very big move in Nifty coming days.

Today myself will look for a confirmation to buy around 5810 or sell around 5896.

Happy trading !!!!!!

Jay

27/4/11 NIfty game plan

Good market condition for Intraday players playing unbiased. 5902 is the resistance on upper side and 5873/5838/5810 is the multilevel support on downside for the day. odds favor buyers, as expiry tomorrow we can witness volatile swings.

I will wait for a decent breakout on either side and trade accordingly for the day.


Happy trading !!!!!!!

Jay

26/4/11 NIfty game plan

Trade the Breakout of 5892 below or 5912 above and mint money for the day. Today Breakout trading can help. On downside look for 5815/5808 . On upside look for 5967/5975.

Myself will be looking to buy the dips around support level.


Happy trading !!!!

Jay

21/4/11 NIfty game plan

Nifty just going well as expected. Nothing gonna change until 5925. Dow had closed @ a 3 year high. Results in US are stunning. Even Downgrades not much affecting the buying spree there.. lets watch how long it could be.

Now coming to nifty 5925 is the target for this upswing trigger. which we might hit today. As heavy weight results today & also a long weekend I will ask to book profits in long and wait for new trigger. Nifty fut levels to watch 5834/5895/5925 . I will book my longs @ 5920 zone which is initiated yesterday.

Happy trading !!!!!

Jay

20/4/11 NIfty game plan

yeah its a long break. Hope Results are not in favor as told in Previous posts. So now what ? Lets see.

Fundamentally there is no change as of now. Just crude cooling off due to lower demand after OPEC meet. Now real Funda factor for INDIAN markets are Results and RBI meet around May. Until we may witness this kinda Range based trading.

Technically longs are been liquidated @ higher levels. 5700 Psychological level been held. As I am keep saying again & again use these bounces to book your profits. A good breakout above 6k is need for any fresh Bull run. We are witnessing selling @ high and buying @ low happening daily. So a Trigger of a good/bad results & RBI meet outcome will keep a full-stop for this Range activity 5808 is a hurdle as of now. Nifty likely to test 5862 - 5925 in coming days. NIfty future levels to watch for Intraday are 5725/5744/5763. I will be a Buyer @ support zones for my view of 5862 - 5925 in coming days.

Happy trading !!!!!!!!

Jay

8/4/11 NIfty game plan

Nifty opening with gaps , sleeping initial hours ,moving mid day again start sleeping last one hour. this looks nifty's routine these days . Hard time for index intraday traders.

Charts suggest again today looks one more dull day. 5880 and 5940 Breakout can show us some good action.Niether positional player nor Intraday player enjoying in this market. better to turn trading stocks.

5903 key level for the day. Above that buyers and below that sellers will dominate. Today expecting a sell off till 5850 at least. Friday factor and Oil bounce could lead the trigger for that view. Safe traders stay away from Index and play stocks where we are witnessing very good moves.


Happy trading !!!!!!!

Jay

7/4/11 NIfty game plan

Nifty Gunning most traders stop loss with Intraday volatility. For me Volatility always means trend is nearing an end or Temporary halt . 6000 Is major Psychological Number need to cross and hold on upside. FII's on nonstop buying spree. Last Few days No major delivery activity seen on Large cap stocks. So they must be concentrating on small/mid caps and selective stocks. Investors Might be cautious ahead of Result season and near term rate hike.

5916 is the key level in Nifty fut . Above that buyers and below that sellers will dominate. Charts suggest Longs are Liquidating. chances of Nifty future Hitting 5860 and 5815 are higher this week. 5938 Likely to act as Resistance on upside. 5862 to act as support on Downside. HAve strict Stoploss for all your trades. Make your Investment idea only at a good close above 6000.


Happy trading !!!!!!!!

Jay

4/4/11 NIfty game plan

After 8 days of run bulls took some rest on Friday where Index closed marginally down , where nifty futures closed more than 30 points premium. It suggest big funds managing Index with selective stocks to trade. So lets see how the day will be.


Rising oil is always a problem for Equity markets. India is more vulnerable to oil moves. So cautious approach need if Oil trades above 110 $ .

Day looks like one more range bound . 5873 Is the key level. Above that buyers and below that sellers will dominate. Selling visible @ higher levels. Will advise longs to book at current levels and wait for a dip or breakout to trade again. Option writers may have upper hand using these range bound scenario very well. Many stocks looks great on charts for short term, try to concentrate on those scrips.




Jay

Happy trading !!!

1/4/11 NIfty game plan

Welcome you all to new Fiscal year.

Good expiry to remember, with good swing on both sides. Nifty had a winning streak for straight 8 sessions. Will it continue? the way FII's pumping money without gap looks it will at least for few more sessions.

Again today looks good swing day where Intraday players can enjoy. Risk is huge as well as reward for today. 5918 key level for the day. Above that buyers and below that sellers will dominate . 5907 a level to watch on Nifty spot . Today market might close at days high or low just a view. As told yesterday until you see FII figures -ve use dips for buying rather shorting higher levels and giving your stop loss to smart money.




Trade smart & wise !!!!!!!

Happy trading !!!!

Jay

31/3/11 NIfty game plan

March series gonna end today. What a series to remember 7 straight sessions for bulls without giving chance to anyone who missed the rally . So people who missed should play intraday or need to be very patience until it gives a chance. So what Kinda expiry it gonna be? lets see


Expiry always used to have big swings to sweep weak hearts ... today also looks the same. People who enter position at initial part of the day can enjoy the whole day. As usual safe traders can avoid. 5786 key level for the day . Above that buyers and below that sellers will dominate. 5800 Psychological level will play major role today and for coming days.

As FII inflows been pumped continuously today expiry will be more fun. Don't get surprised if we expire at 5950. Anything can happen in this market. All over it might be an expiry to remember too ...




Jay

Happy trading !!!!!!!!

30/3/11 NIfty game plan

Today it looks same kinda move like yesterday and better swing on the second half.

People keep shorting at higher levels and getting paid with their stop loss. Until the smart money start selling why to fight with them ? rather lets enjoy with them.

5773 key level for the day. Above that buyers and below that sellers will dominate. Technically 5839 next level to be watched for this rally.The threshold of this rally looks it might cross 5900 -50. So until some good selling happens below support level (5735) don't be on short side. All the context here are for Intraday. Positional still stay away till expiry for safer side.




Jay

Happy trading !!!!!!

29/3/11 NIfty game plan

Nifty likely to trade flat today too.. In second half we can witness some wild swings due to position rollover to next month. If rollover is not healthy then whole day can trade flat.

5732 Key level for the day. Above that buyers and below that sellers will dominate. As expiry nearing we can witness so volatile moves from here on. Volume suggest Nifty getting distributed at higher levels.Safe traders can wait for the march series to expire and look for a better trade.



Jay

Happy trading !!!!

28/3/11 NIfty game plan

Friday I was looking for rotational day which got negated above 5616 and got a spurt on upside.

Dont want to change my trading setup within one day failure. Lemme have some filter to avoid those whipsaws .

Today again looks a normal day with less swing . Nifty breaking 5690 or 5640 with volumes will Negate the normal day . 5681 is the key level. Above that buyers will dominate and below that sellers will dominate. Positional nifty broken 5616 on upside where shorts had been covered with force. Now next level to watch on upside is 5758. Still for me it looks a trap rally. rest I left to markets itself ........




Jay

Happy trading !!!!!

25/3/11 NIfty game plan

Nifty likely to trade rotational today. Buy lows and sell highs could be the theme for the day.
Safe traders can look for stock trading & avoid nifty.

5429 is the key level . Above that Buyers will dominate and below that sellers will dominate.look for Small gains in nifty future. dont expect Big profits today. Positionally break below 5500 will again resume selling.5500 pe @ 20 - 25 could be a speculation for expiry.Close above 5616 need for fresh buying in index .



Jay

Happy trading !!!!!!

24/3/11 NIfty Game plan

Again we can witness a good swing for today . where Intra players can utilize Fully.
Long above 5489 ANd short Below 5489 will give good swing for the day. 5530 is the key level on upside positionally. Myself looking for a positional short on a break of 5500 if 5530 not breaks on upside. will be looking for 5420 - 5400 on downside.




Jay

Happy trading !!!!!

23/3/11 NIfty Game plan

hey guyz was busy with blackthorn on tight schedule. So in a compulsion to change the topic :P

From here on Will give a road map for the day and act to according to that and also follow the Pivot levels.

Today it looks like a one more good swing day. Long Above 5440 and Short below 5440 will give good swing for the day.Positionally If nifty not hit 5530 levels this week more chance of going down from next week.



Happy trading !!!!

Jay

18/03/2010 - Market cues & calls

uffff Finally the much awaited RBI meet is over. But nothing Big happened in the range . World markets took some breather after some relaxed mood seen over Japan nuclear tension. The way FII sold looks they hate the leaks happening with this Government. so we can expect this range this to break a way soon.. Fundamentally there is nothing to speak lets jump to technical.


Again High volume selling happened on Higher levels. Until the supply zone fade with new demand we can expect that selling to happen at higher levels. Bullish Hidden divergence Formed on Hourly charts. Can expect a bounce and this could be a trigger for a new demand for index in current range. 5580 a resistance on Hourly charts need to be crossed decisively. Any big trigger on upside positionally will occur only above last week High of 5612.

Happy trading !!!!!!!!

Jay

17/03/2010 - Market cues & calls

One more show from Bulls. Japan got a relief rally. one thing we need to understand Fundamentals wont change within one day. Global data too worse. Thoughts everywhere that Fundamental all over world is bad so INDIA could be a safe bet. will it be correct? do we know our fundamentals strong? Every economy is inter related in some manner. so these are some talks from suckle bulls. so lets see the development and how its been traded .

Fundamentally as told today is much awaited Big trigger RBI meet. where every Technical analyst use this word too often from last few days :P

Technically Still Last weeks High not broken. Yesterday on Intra chart there was short covering pattern happened which is just a short covering and not any long addition. on Pattern side a small rising wedge formed on 15 mins. people getting confused what to do on Higher levels which result in Doji on Intra charts. Just wait for the RBI trigger and play the game. Key level for the day is 5552.



Happy trading !!!!!!!!

Jay

16/03/2010 - Market cues & calls

World markets got a Nuclear shake from Japan Yesterday. Indian markets short lived in that shake. Some time before one of my friend used to say When Charts are strong Outside Fundamentals wont affect all of the sudden. Still I wont agree with him. Always be hedged or play Intraday. So whats with Nifty today? Lets see

Fundamentally as we are heading for RBI meet tomorrow. So market could take a breather today. After there is no Funda to be watched until Expiry. The way these bulls hold nifty it looks RBI may come with 25 bps as Inflation eases. so Lets wait for the outcome.

Technically Nifty Broken the low (5408) of last week range. Now until Last week high (5568) breaks strength will be sold for 5200 to 5000 levels. which we saw in past. So key level for bulls is 5568 on upside on closing basis. On Intra day charts no patterns formed. Every high has been sold with high volumes which Indicates Nifty getting supplied at higher levels. Only a Greater demand at higher levels can overcome this supply. So chart says we could witness a flat day . Key level for the day at 5480.

15/03/2010 - Market cues & calls

hey guys its been a year I posted my Nifty views here. Just again thinking to start it.

So people murmuring oh Operators market no room for retailers. when we long they taking lower and when we short they taking higher . Cmon guys its market. No excuses, no blaming here. Just keep doing your job it will reward a time. So whats with nifty ?

Lets see

Yesterday Nifty moved very well on upside despite Japan stock market tremors. Inflation was marginally higher than expected. Though Nifty moved up. so will it continue? Lets check fundamentally and technically.

Fundamentally Yesterdays Indian market run up was cheered by Oil which dropped below 100$. But global situation still remains defiant for any run on upside. Japan got their own nuclear threat which could be major trigger on Asset class. Us markets Topped out which we tweeted last week. So will be advance tax nos and RBI meet for out markets? Definitely NO. they can use those triggers for some moves. But we gonna sync with world markets.

Now technically what chart says? If we are bearish we will look only for bearish patterns in chart and vice versa for Bullish. So here lets be neutral and analyze as we stuck in a Range of 5400 - 5600 . We got Pithfork Resisted around 5555 levels. Now it need to cross that Midline for any upmove and downside target pegged @ 5470 which could act as support. Hourly Charts are Highly oversold . Weekly charts formed a Inner Bar. So safe traders just watch for the weekly Breakout and trade accordingly. So far today if 5470 held look for a small risk Buy .




happy trading !!!!!!!!!

Jay