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