Google+ September 2010 ~ NIFTY DEMYSTIFIED

Thursday, September 30, 2010

Net disconnection


It's 4 o'clock in the morning and was still waiting for my net connection to get back to normal. But it's still down. Sorry for the inconvenience. Hopefully will be able to post by tomorrow along with my performance report.

(Posted from mobile device)
Read More

Wednesday, September 29, 2010

NIFTY INTRADAY VIEW FOR 09-29-2010

The reason behind my discussion on support levels on last post must have been clarified to all now. It was quite clearly discussed as the "very big" intra support pointing towards 6028-6000. Nifty made low @ 6003 before shooting up to 6060 at the later sessions. Both way move move following exact levels. Now again nifty showing some beautiful setups on the charts with very clear understanding of probable trading levels.
Supports: 6015 in initial, below that it can again target 6000, and find support before moving towards 5980-5960 finally. 
Resistances: 6060/65 big resistance zone. Breaking that it can easily go towards 6090, and find some profit booking again. In any case closing above 6060 will be bullish.
Read More

Tuesday, September 28, 2010

NIFTY INTRADAY VIEW FOR 09-28-2010

Read More

Friday, September 24, 2010

NIFTY INTRADAY VIEW FOR 09-24-2010

Read More

Thursday, September 23, 2010

NIFTY INTRADAY VIEW FOR 09-23-2010

So after quite a run up Nifty somehow satisfied the bears, at least provided a sigh of relief. During this strong upmove I met and talk with some traders, while some of them are friends of mine. One thing is being proved time and again, there are very little room for traders to think emotionally. The entire run up from 5350 to 6050 (massive 700 pts) was proved to be much larger because the mass was not at all expecting this. Very sorry to say but 95% of the retailers were/are short on the market, and I simply don't know the reason. Enabling comment moderation in my blog has proved to be lucky for few as they were continuously posting the bearish views, and I am sure enabling comment moderation has done good for them and their blog :-) . Sorry for sounding sarcastic, but that's the way it is. Stop spamming with your blog link. Please.

Most of the retailers have shorted the rally, or somehow missed it by shorting in the lower zone, and resulted in such severe rally. Being biased wont help in this market. Hope some traders including "bears" have gained good points in last few days tracking the view posted on my blog. Resistance given @ 5045/50 and support @ 5970 (day before last session) and 5950 have worked wonderfully well. One could have taken at least few trades successfully. Now talking about the market, 6045/50 has proved as a quite a tough resistance for the bulls, which has caused some trouble to the bulls, at least for intra day. Nifty support stays @ 5950/35-5910/05. Even it can go as deep as 5885 without harming the bullish sentiment. So as the intra move is being met with the correction/profit taking, both way trades are possible.
Read More

Wednesday, September 22, 2010

NIFTY INTRADAY VIEW FOR 09-22-2010


Intraday level worked great for the day. Given 6045/50 and 5970 worked almost exactly the same way (high5046-low5971).Please go through the charts thoroughly, will get to know the points I tried to emphasize. Trend up still, no second thought.  But 6050 proved to be a heavy zone for intra.
Supports: 5970 remains the same. Below that 5950/35-5910/05. Later is the very strong support zone. Buy can emerge big time. At least for intra. Exact projection with the help of FIB will help you to take the trade with minimum stop loss.
Resistances: 6030/35 pivotal for intra. Though it will get tested @ 6045/50 again. In case of a big BO above that level, it can target 6090-6130-6180 as showed on the chart. Safe trading.
Read More

Tuesday, September 21, 2010

NIFTY INTRADAY VIEW FOR 09-21-2010


JUST A CLASSIC EXAMPLE OF TRENDLINES ON
THE PRICE CHART. KEEP IT SIMPLE RATHER MAKING
IT MORE COMPLICATED. ITS A CLEAR UPTREND GRADUALLY
INCREASING ITS SPEED EVERYDAY (TL INCLINATION). INTRA SUPPORT @ 5970-5935 (BUYING ZONE). MAIN SUPPORT 5850-5820. 6020 WAS DISCUSSED AS THE TARGET ON PREVIOUS FEW POSTS, AND WE ARE ON THE VERGE OF MEETING THAT.ABOVE THAT A
WHOLE NEW COUNT MAY EMERGE.A BREAK ABOVE 6045/50
WILL CONFIRM IT. SO FOR THE DAY RESISTANCE LIES @ 6015/20-6045/50.
BE BULLISH BUT A BIT CAUTIOUS IF 6020 IS NOT CROSSED
CONVINCINGLY. DON'T MISS TO TRAIL YOUR LONG WITH S/L.
Read More

Thursday, September 16, 2010

NIFTY INTRADAY VIEW FOR 09-16-2010

SUPPORT FOR THE DAY LIES @ 5835 NF ON THE
CHANNEL BOUNDARY.
TREND STILL UP AND STRONG. BELOW 5835
INTRA MAY GET BIT WEAK AND TRY FOR 5810-5770,
WHICH ARE THE MOST IMPORTANT BUYING ZONE.
UPSIDE STILL INTACT UP TO 6010 ZONE.
INTERMEDIATE RESISTANCES 5910/20-5960.
Read More

Tuesday, September 14, 2010

NIFTY INTRADAY VIEW FOR 09-14-2010


Any dip is buy. Positional targets are seem to be big, very big indeed. Support lies @ 5705-5670. A close below 5640 can only bring some weakness. Upside targets @ 5820. Above that 5860-80 initially with larger target intact @ 6000.
Read More

Monday, September 13, 2010

NIFTY INTRADAY VIEW FOR 09-13-2010

Read More

Sunday, September 12, 2010

INTRODUCING INTRA & SHORT TERM CASH CALLS


Intraday & Short Term Cash Calls are started. All the details and contacts are given in the link. Click HERE to know about the services provided. Below are the few CASH recommendations/calls given to the clients in recent days.


RJL: Rec @ 75..Holding (High made 85)

Ganesh Housing: Rec@205.. Booked @ 220

Ambuja: Rec @ 110.. Booked @ 128

Andhra Bk: Rec @ 135.. Booked @ 160

RIL: Rec @ 950.. Holding (cmp 957)

BPCL: Positional call given @ 490.. cmp (750)

Tisco: Rec @ 498.. holding (cmp 593)... and more.
Read More

Wednesday, September 8, 2010

NIFY INTRADAY VIEW FOR 09-08-2010

5640-5660 IS THE PROBABLE TARGET NOW, WHERE IT CAN WITNESS SOME
PROFIT BOOKING, OTHERWISE UPTREND IS LIVE AND KICKING, LEAVING NO
ROOMS FOR BEARS.
SUPPORT PLACED @ 5530-5515/10 ZONE.
BUY ON DIPS AS THE PROBABLE TARGETS
5640-60 ARE YET TO COME.
Read More