MARKET NEXT WEEK 22/8/11

WHEN I WROTE FIRST TIME IN MUDRAA.COM IN MID JULY THAT, MARKET WILL FALL IN AUGUST  TO 4900 .  MANY MEMBERS WERE ASKING VARIOUS QUESTIONS. I DID NOT REPLY ANY ONE. NOW ALL OF YOU ARE SEEING WHERE MARKET IS. THERE IS NO SUPPORT OF FALLING MARKET, AND THAERE IS NO RESISTANCE OF RISING MARKET.

 I HOPE ALL OF YOU HAVE MINTED MONEY. NOW SENTIMENT HAS BECAME VERY BEARISH. MARKET SHOULD TAKE SUPPORT AT 38.2% RETRACEMENT LEVEL WHICH IS  AROUND 4772. MARKET IS NEVER GURANTEED, IT ALWAYS GIVE SURPRISES. THERE IS ONLY FOUR DAYS LEFT IN EXPIRY. IF MARKET SUSTAIN HERE WE CAN SEE MINOR UPSIDE TO 5100 LEVEL. BUT I EXPECT THAT IT WILL FALL TO 4672-4650. WHOLE MONTHS MARKET HAS FALLEN SO I DONT EXPECT THAT MARKET WILL CLOSE ABV 5000 LEVEL BEFORE EXPIRY.

SHORT TERM TREND IS DOWN

LONG TERM TREND IS DOWN 

STOCK WATCH FOR NEXT WEEK

ASHOK LEYLAND  CURRENT PRICE 25.5 BUY FOT THE TARGET OF 29 STOPLOSS 23

NIFTY IS FINDING SUPPORT MOST PROBABLY IT SHOULD TAKE SUPPORT AT 4672. ALL OSCILATORS ARE WEEK. MACD HAS MORE PLACE FOR MORE DOWNFALL. ADX IS GIVING STRENTH TO BEARS

OPTION DATA 19/8/2011

TREND LINE BROKEN

LONG TERM RISING TREND LINE AND SHORT TERM FALLING TREND LINE SUPPORT HAS BROKEN TODAY. AS I EXPECTED THAT MARKET WILL TAKE SUPPORT AT 5010 LEVEL AND WILL GO TO 5345 LEVEL. BUT DUE TO GLOBAL SENTIMENT IT DID'NT TOOK SUPPORT AT 5010 AND FALL FURTHER.  MARKET 38% RETRACEMENT LEVEL IS AROUND 4772 EXPECTED TO KISS BEFORE EXPIRY.

DATE 19/AUG/2011

SBI 2100 AT 75

NIFTY 5000 PUT AT 160

AXIS BANK PUT AT 47

BUY NIFTY 5000 PUT AT 83

BUY SBI 2100 PUT AT 33

BUY AXIS BANK 1100 PUT AT 23

 BOOK PROFIT

ITC

BUY ITC 200 CALL AT 5.65
BOOKED PROFIT AT 6.70

ORCHID CHEMICAL

BUY ORCHID CHEMICAL 210 CALL AT 5.50

EXIT ORCHID CHEMICAL AT 1.75. IT WENT TO 7.90 BUT WE COULD NOT BOOKED PROFIT. WE ALL ARE TRAPED BY OPRETORS.