Monthly Archives: September 2013

#164 Nifty Update: 5606 on Nifty achieved!!!

Nifty has shown some consistent upside move after new RBI governor took off 3 days back. In my post of 4th Sept i did mention to go long on nifty with two near term tgts of 5606 and 5769. Today we have got a closing tgt of 5606. Now gates have opened for 5769 for the short term traders. Nifty is trading comfortably above short term moving averages but a important resistance is on the way at 5724 i.e, 100 and 200 EMA. Indicators are yet so temptingly giving a strong vibe of a strong upward move. Now a long weekend + Monday holiday, so we should expect some volatile move on Tuesday. September 18th is crucial day as RBI as well as FED gonna review monetary policy.

Strategy: I would recommend to HOLD long on Nifty which i recommend at 5449 on 4th September. Keep a Trailing SL at cost price of 5449. Book partial profits at 5724 and wait for a closing above the same level.


Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market. 

#1 Dhaniya Update: Outlook

Dhaniya (Oct) NCDEX closed negatively today at 5830 (-164). Dhaniya had a non stop run from 5182-6116. Today it has closed below short term moving averages and now it has a near term support of 50 day Moving average at 5743. But today we have seen huge volumes with increasing open interest at low prices. So we expect Dhaniya to see some profit booking upto 5539. In extreme panic we have a strong support at  5382 which could be taken as a buying opportunity. So our strategy for Dhaniya in near term is to Short with SL of 5995 CLOSING Basis.

#2 Global Update: Whats NOW on DOW ??

Yesterday DOW took strong support and close above 14833 which i mentioned as a strong technical level. Indicators are still dicey but trendline support has been taken by the Index. Short term moving averages are near by and we expect DOW to be range bound. Few near by resistances are at 15047,15127 and 15227. DOW has to take strong CLOSING support above 14853. I would recommend to watch for the breakout of the range 14853-15227 before taking any new position in DOW. So WAIT and WATCH!!!!

Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market. 

#1 Global Update: DOW would be the next COW

DOW has been in the continuous uptrend since quit some time and it has been overbought zone since long. Technically on Monday it gave a perfect Bearish Engulfing close to sign a start of a near term downtrend. Yesterdays close at 14833 was at the strong support zone. A negative close today opens the gate on the downside upto 13120. 100 DMA on DOW has acted as strong support for last few months and we may see some strong support their in coming weeks at 11618. FED’s upcoming meeting is the most important event to watch for US traders. I would recommend to SHORT DOW if it close negative today with a strict SL of 15572 CLOSING

Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market. 

#163 Nifty Update: "Grand Masti" already released on NSE/BSE

Grand Masti (a Bollywood Movie) is about to release next week but it has been already released on NSE an d BSE..Hahahaha.. Just kidding..But the volatility in last 8 session has been such that “Ki woh Traders ki Masti Kar Rahe Hai”. 75-150 points volatility on Nifty has been common in these mentioned session. But if we analyze it closely technically it has given a sign of reversal for at least short term. 5448-5450 was the importance resistance for today and Nifty has given the strong close exactly at that point. IF Nifty CLOSES positively tomorrow than we can have next resistances near to 5606 and 5769 this expiry. Lets see what can a new RBI governor help to traders with Rupee depreciation. Our strategy For tomorrow and next few sessions would be going LONG with a CLOSING STOP LOSS of 5310


Disclaimer: I may have personal position in index and above mentioned stocks. Views and News mentioned above may have Errors and omissions. My views are biased more towards technical analysis. Please read and study the market carefully before investing on my idea. For any suggestion contact me on my email. Some words mentioned in article don’t mean their actual meaning. They are correlated for market.