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