NIFTY CURRENT CHART ANALYSIS

BEARS WILL HAVE TO WAIT FOR THEIR TERM TILL 5938 OR 6040

FRIDAY MARKET UPDATE

Today is the first day of october sereis and last day os september sereis and last day of week also.

Therefor Today's session will be important in term of technical analysis.

Any close below 5620 will be negative for market and any close above will be positive for market.

Further we are seeing positive global que and singapoor nifty is showing at 5717.

MARKET UPDATE

Nothing has change in technical view as market is around same level. Until unless nifty breach 5630 level there would be possibilities to lift nifty up to 5738-5750. If nifty go there there would be good opportunity to short there.

Today is expiry so both side move is expected. frequently buying in cash segment by Fii indicating strong  money inflow in the market.

keep aside yourself further from market. Greed and fear is your enemy. 

NEW SESSION IS GOING TO START FROM FRIDAY.

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GOOD LUCK

NIFTY X-RAY REPORT FOR 25 SEP

The markets closed with moderate declines today with FMCG was the worst performer. The Sensex closed at 18676, down 79 points from its previous close, and the Nifty closed at 5669, down 21 points. The CNX Midcap index was up 0.8% while the CNX Smallcap index gained 0.60% in today's trade. Market consolidated whole day after a jump.

As per RSI , NIFTY is in over bought territory with a value of 81.17 and 

As per slow stochastic, NIFTY is in over bought range with a value of 87.28

 NIFTY witnessed a sharp jump in price coupled with rise in volume on 21/09/2012 which I was predicted earlier that use the every dip and market may touched 5705 in sep. This may mean that a strong buying interest is in the market. Fiis are buying continuesly in cash segment. Stocks may jump more higher from here also. I highly expect that nifty may touch 5760-5775 till expiry.

Nifty 5800 call added 1557000 fresh shares in open interest indicating that 5800 level will create a near term resistance in the market.

Fii sold 5167 contracts of index future and open interest decreased in market by 2.7% indicating that Fii have started long unwinding in nifty future.

Momentum is strong bullish buy on dip further for the target of 5760-5775 with stoploss at 5675 nifty future level.

GOOD LUCK

ONE MORE LITTLE MOVE IS POSSIBLE

CHOICE IS YOURS

CHOICES IS YOURS
Ques1.    Are you a professional Trader ?
Ans-        No.
Ques2.     Do you always listen media before investing ?
Ans         Yes.
Ques3.    Do you know technical Trading?
Ans         No.
Ques4.    Do you always listen people before investing who is not professional also? 
Ans         Yes.
Ques5    Do you have proper strategy to invest in stock Market?
Ans        No.
Ques6.    Do you have not control over on your emotion during trading?
Ans        No
Ques7.   Do you have proper plan of investment which may give you a good return?
Ans         No
Ques8.   Do you have a mentor in stock market?
Ans        No.
Ques9.   Do you attained  regularly seminars?
Ans        No 

Ques10. Do you surround yourself with stressed individuals?
Ans        Yes. 

If your answer match with these above answers, well why are you losing your hard earned capital in stock market. Only behalf of on your expection , that you will earn money one day. Choose other option to invest your capital. My dear friend If your answers match with above answer I would like to suggest you as a brother/ friend/ well wisher, just quit from stock market without waiting any moment, without taking advices from your brokers or anyone, otherwise you will washout your rest amount in a year or months or some time in a week. Not only you may lose your capital but you may go into loan also.

Or

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GOOD LUCK

NIFTY X-RAY REPORT FOR 24 SEPTEMBER

 As I have mentioned earlier about LOC 5217 level. Market taste this level and recovered sharply from there. The markets closed with robust gain last week with banking was the best performer. The Sensex closed at 18752.83, up 403 points from its previous close, and the Nifty closed at 5691.15, up 136.90 points. The CNX Midcap index was up 1.8%. I have  mentioned in my previous post that shorting without sell signal will be like AA BAIL MUJHE MAAR. Market gave a robust jump and acheaved my target (5705), Which I have projected earlier.

Technical analysis is a wonderful tool, there is no need to use Mental funda. Now every body is talking about more higher level. I have predicted this level when market was around 5300 level and mostly technical analyst was projecting lower (4900) level then.

Now what Next ?

Is this rally is over Now or will be continue ?

Neither rally is over nor it will continue. Rally will consolidate here between 5800-5400 range for some time and after that it may give a more up move till 5995 level till nov 2012. But I will need some more trading session to confirm it. Further it is moving according my projection.

Fiis sold index future worth rs 408.98 crore and open interest nifty open interest increased by 1.2%, market up by 136 points and Fii sold index future indicating that fii have used this rally in booking profit.

Nifty 5700 put added 3535550  fresh shares in open interest.

Nifty 5800  put added 1016000 fresh shares in open interest.

Nifty 5800 call added 1398800 fresh shares in open interest.

According to option open interest data indicating that nifty will  fight between 5700-5800 range for coming session.

But I highly expect that nifty is tired now and will face strong resistance at 5750 and 5800. 
We have made almost 605 points till now in august and sept. The performance is given on the right side of this page. It is expected atleast 100 more points in this month.

NIFTY POSSIBLE WAVE STRUCTURE

Dead Cat Bounce

Dead Cat Bounce

In economics, a dead cat bounce is a small, brief recovery in the price of a declining stocks. Derived from the idea that "even a dead cat will bounce if it falls from a great height", the phrase, which originated on Wall street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

_____________________________________________________________________________________________

History

The term "dead cat bounce" is derived from the idea that "even a dead cat will bounce if it falls from a great height. The phrase has been used on Wall Street for many years. The earliest use of the phrase dates from 1985 when the Singaporean and Malaysian Stock Markets bounced back after a hard fall during the recession of that year. Journalists Horace Brag and Wong Sulong of the Financial Times were reported as saying the market rise was a "dead cat bounce. A similar expression in Cantonese has an older history and this may be the origin of the term.

_____________________________________________________________________________________________

Variations and usage

The standard usage of the term is: A short rise in price of a stock which already suffered a fall. In other instances the term is used exclusively to refer to securities or stocks that are considered to be of low value. First, the securities have poor past performance. Second, the decline is "correct" in that the underlying business is weak (e.g. declining sales or shaky financials). Along with this, it is doubtful that the security will recover with better conditions (overall market or economy).

Some variations on the definition of the term include:

A stock in a severe decline has a sharp bounce off the lows.

A small upward price movement in a bear market which the market continues to fall.

Technical Analysis

A "dead cat bounce" price pattern may be considered part of the technical analysis method of stock trading. Price patterns such as the dead cat bounce are recognized only with hindsight. Technical analysis describes a dead cat bounce as a continuation pattern that looks in the beginning like a reversal pattern. It begins with a downward move followed by a significant price retracement. The price fails to continue upward and instead falls again downwards, and exceeds the prior low.

5705    ENJOY...............................

MARKET TOUCHED 5705

NIFTY 5705 TOUCHED TODAY WHICH I HAVE PREDICTED EARLIER ALMOST 25 DAYS AGO.

ENJOY......................... 

NIFTY X - RAY REPORT FOR 21 SEP

NIFTY X - RAY REPORT FOR 21 SEP

The markets closed with moderate declines today with Metal was the worst performer. The Sensex closed at 18349.25, down 146.76 points from its previous close, and the Nifty closed at 5254, down 46 points. The CNX Midcap index was up 0.70% while the CNX SMALLCAP index gained 0.95% in today's trade. 

Nifty 5500 put added new 830,500 shares in open interest

Nifty 5600 call added new 1017250 shares in open interest.

According to above option open interest data indicating that down side 5500 will forme base for next trading session and 5600 may create hurdle upside for nifty. Nifty strong support is at 5526 now, breaking of 5526 may create further down side in uncertain political situation. But still there is no any sell signal at current level. Currently we are trading in impulsive wave and shorting in this impulsive wave would be like committed to  suicide untill unless nifty gave any signal.

Fii sold index future worth rs 102.69 cr and open interest increased 1.1% indicating that minor fresh short position has been created into the market today. Put call retio is at 1.16% which is in favor of bulls. 

I highly expect that nifty will take support around 5526 and will come again in power. there is more up side is due in market in September. Any close above 5600 this time nifty will fly to 5685 and 5735 which is my ultimate target for nifty in sept.
Nifty weekly chart is showing more up side is due in the market. RSI, ROC and slow stochastic is showing positive divergence.

MID SESSION UPDATE

Nifty technical chart still showing 5680-5735 on cards..  So who the hell cares about what Mamata or Trinmool does? or what is cooking in Indian politics?

Bears Beware.. 

Tumhaari Band bajne waali hai.

Don't short nifty nor average here, only hold. 

NIFTY X- RAY REPORT

SO MANY TRADERS WOULD BE THINKING TO SHORT IN NIFTY BUT TECHNICALLY THERE IS NO ANY WEAKNESS ON CHART BUT SGX NIFTY IS SHOWING AT 5555 DUE TO DOMESTIC POLITICAL UNCERTAINTY. MARKET MAY OPEN GAP DOWN BUT RECOVERY EXPECTED. 5555 AND 5530 IS STRONG SUPPORT ZONE. USE THIS FALL TO BUY.

DON'T BE PANIC.
Shorting in this Impulsive  wave Rally in September without any sell confirmation will be like
"Aaa Bail  muze Maar"

MID SESSION UPDATE.

MARKET IS CONSOLIDATING AFTER GIVING SMART JUMP AND I THINK NIFTY FINAL DESTINATION IS 5745 IN SEPTEMBER SERIES. HOLD YOUR LONGS. MARKET MAY TRY TO CORRECT TILL 5565 ALSO. IF COME THERE DON'T MISS TO BUY THERE.

NIFTY X-RAY REPORT FOR 18 SEP

NIFTY X-RAY REPORT FOR 18 SEP
The markets closed with moderate gains today with realty was the best  performer with 6.5% gain. The Sensex closed at 18542, up 78 points from its previous close, and the Nifty closed at 5610, up 32 points. The CNX Midcap index was up 2.5% while the CNX Midcap index was up 0.89% in today's trade.

FIIs bought index future worth rs 1122 cr and open interest increased by 5.21%, as nifty was up by 0.57% and open interest increased by 5.21% in rising trend indicates that huge long position was added into the system today.

Nifty 5600 put added 1249900 shares in open interest.

nifty 5700 put added 902100 shares in open interest .

Nifty 5800 call added 2701750 shares in open interest.

As per above option open interest data indicating that 5600 level will create fresh and immediate support in the market. nifty 5800 call open interest added 27 lakh fresh shares into the market, Is that buying by smart money. Because i don't think that 5800 call would have written at 7 rupees price.
Fii have bought more than 5000 crore in last two trading session in cash market. Government has promisses more reforms in coming days so this news will built more confident in investors. Nifty immediate support is now at 5587 and 5555. Until nifty hold this levels no worry for bull in very short term. Market has given straight rally fro 5215 to 5650 so some consolidation is also expected. Use the dips to buy. 
Nifty future touched 5770 yesterday only 30 points less in my prediction but don't worry 5705 coming soon.

EVERY BODY IS BULLISH NOW

Now every body is bullish and giving upper target but I have warned you earlier at right level and right time when most of fake analyst were talking about 4900 level, even some have given again short sell at 5445 level.
I dont know that, either you enjoyed my levels or not. But I want to say you  a thing  that, 
Next three year, there will be golden opportunity for future and option traders, and I am saying you that if you have not created wealth in these three years, i think you will miss a golden opportunity. remember Godess Lakshmi dose not give opportunity again and again same person. If you could not gain from market, certainly you would be out from market till then, because you would wash out your all money till then.
Don't think and subscribe with us and go from one lot to thirty two lot in just 20 months.

MID SESSION MARKET UPDATE

Market is in over bought zone but it may remain in overbought till some more days. if market doesnot give closing above 5650 in next one day we will have to accept that it has completed third wave and we may see a 38.2% correction of third wave.

Hold nifty