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22 August 2013
19 August 2013
TATA STEEL AND NIFTY
TATA STEEL closed in top gainers group today and expected to touch 290 level very soon.
Buy tata steel above 250 keep stoploss at 232 for the target of 290 level.
click on chart below for its larger view.
Two days Back i warned you that tsunami is coming soon but this time also you did not believe. Now what to do? Risk and Reward ratio is not in favor really for fresh short. Volatility has increased at current level. any jump of 60-70 points will be good shorting opportunity i think. but as shown in chart below that you are seeing nifty weekly chart is just at lower channel support and 50% retracment level is also placed around that zone, so many of analysts are expecting a bounce so need to alert on that level, nifty may bounce back. Bur really i feel that chances are very low. Nifty 5400 call open interest added 33 lakh contracts and FIIs sold Index future worth rs 1215 crores indicating that fresh call writing has been created in 5400 CE strick price.
any break of 5360 level nifty will fall direct to 5180 level.
Fresh short position can be created only below 5360.
You can also predict the move of market and can do a successful trade. How !
To learn come in Mumbai seminar on 15th September.
Reserve your seat. Remember seats are limited.
Good luck
15 August 2013
NIFTY ELLIOTT WAVE LATEST PATTERN
BULLS BEWARE!
Nifty closed above 38.2% retracement level (5720) at 5742. next resistance is at 5790 and 5861. These two level will set the major direction of nifty. I am giving below nifty weekly chart which is showing possible direction of nifty as per Elliott wave theory. Where so many Elliott wave analyst are giving upside view towards 6500 but I have opposite view. I expect a big major down trend on nifty in coming time but condition apply.
If nifty does not break the top of its previous down leg which comes at 6093 in 11 days then beware tsunami is coming soon. 4 days are already passed now 7 days left. Therefor consider nifty should not consider 6093 level in next 7 days. If break then I will post another wave scenario, otherwise this view will remain valid.
So bulls should beware and bears should beware above 6093 level. So nifty may reverse down again from any of these two level 5790 and 5861.
See the chart below. Click on chart for its larger view.
वह खून कहो किस मतलब का
वह खून कहो किस मतलब का
जिसमें उबाल का नाम नहीं।
वह खून कहो किस मतलब का
आ सके देश के काम नहीं।
वह खून कहो किस मतलब का
जिसमें जीवन, न रवानी है!
जो परवश होकर बहता है,
वह खून नहीं, पानी है!
उस दिन लोगों ने सही-सही
खून की कीमत पहचानी थी।
जिस दिन सुभाष ने बर्मा में
मॉंगी उनसे कुरबानी थी।
बोले, "स्वतंत्रता की खातिर
बलिदान तुम्हें करना होगा।
तुम बहुत जी चुके जग में,
लेकिन आगे मरना होगा।
आज़ादी के चरणें में जो,
जयमाल चढ़ाई जाएगी।
वह सुनो, तुम्हारे शीशों के
फूलों से गूँथी जाएगी।
आजादी का संग्राम कहीं
पैसे पर खेला जाता है?
यह शीश कटाने का सौदा
नंगे सर झेला जाता है"
यूँ कहते-कहते वक्ता की
आंखों में खून उतर आया!
मुख रक्त-वर्ण हो दमक उठा
दमकी उनकी रक्तिम काया!
आजानु-बाहु ऊँची करके,
वे बोले, "रक्त मुझे देना।
इसके बदले भारत की
आज़ादी तुम मुझसे लेना।"
हो गई सभा में उथल-पुथल,
सीने में दिल न समाते थे।
स्वर इनकलाब के नारों के
कोसों तक छाए जाते थे।
“हम देंगे-देंगे खून”
शब्द बस यही सुनाई देते थे।
रण में जाने को युवक खड़े
तैयार दिखाई देते थे।
बोले सुभाष, "इस तरह नहीं,
बातों से मतलब सरता है।
लो, यह कागज़, है कौन यहॉं
आकर हस्ताक्षर करता है?
इसको भरनेवाले जन को
सर्वस्व-समर्पण काना है।
अपना तन-मन-धन-जन-जीवन
माता को अर्पण करना है।
पर यह साधारण पत्र नहीं,
आज़ादी का परवाना है।
इस पर तुमको अपने तन का
कुछ उज्जवल रक्त गिराना है!
वह आगे आए जिसके तन में
खून भारतीय बहता हो।
वह आगे आए जो अपने को
हिंदुस्तानी कहता हो!
वह आगे आए, जो इस पर
खूनी हस्ताक्षर करता हो!
मैं कफ़न बढ़ाता हूँ, आए
जो इसको हँसकर लेता हो!"
सारी जनता हुंकार उठी-
हम आते हैं, हम आते हैं!
माता के चरणों में यह लो,
हम अपना रक्त चढाते हैं!
साहस से बढ़े युबक उस दिन,
देखा, बढ़ते ही आते थे!
चाकू-छुरी कटारियों से,
वे अपना रक्त गिराते थे!
फिर उस रक्त की स्याही में,
वे अपनी कलम डुबाते थे!
आज़ादी के परवाने पर
हस्ताक्षर करते जाते थे!
उस दिन तारों ने देखा था
हिंदुस्तानी विश्वास नया।
जब लिक्खा महा रणवीरों ने
ख़ूँ से अपना इतिहास नया।
- श्री गोपाल दास व्यास जी
जिसमें उबाल का नाम नहीं।
वह खून कहो किस मतलब का
आ सके देश के काम नहीं।
वह खून कहो किस मतलब का
जिसमें जीवन, न रवानी है!
जो परवश होकर बहता है,
वह खून नहीं, पानी है!
उस दिन लोगों ने सही-सही
खून की कीमत पहचानी थी।
जिस दिन सुभाष ने बर्मा में
मॉंगी उनसे कुरबानी थी।
बोले, "स्वतंत्रता की खातिर
बलिदान तुम्हें करना होगा।
तुम बहुत जी चुके जग में,
लेकिन आगे मरना होगा।
आज़ादी के चरणें में जो,
जयमाल चढ़ाई जाएगी।
वह सुनो, तुम्हारे शीशों के
फूलों से गूँथी जाएगी।
आजादी का संग्राम कहीं
पैसे पर खेला जाता है?
यह शीश कटाने का सौदा
नंगे सर झेला जाता है"
यूँ कहते-कहते वक्ता की
आंखों में खून उतर आया!
मुख रक्त-वर्ण हो दमक उठा
दमकी उनकी रक्तिम काया!
आजानु-बाहु ऊँची करके,
वे बोले, "रक्त मुझे देना।
इसके बदले भारत की
आज़ादी तुम मुझसे लेना।"
हो गई सभा में उथल-पुथल,
सीने में दिल न समाते थे।
स्वर इनकलाब के नारों के
कोसों तक छाए जाते थे।
“हम देंगे-देंगे खून”
शब्द बस यही सुनाई देते थे।
रण में जाने को युवक खड़े
तैयार दिखाई देते थे।
बोले सुभाष, "इस तरह नहीं,
बातों से मतलब सरता है।
लो, यह कागज़, है कौन यहॉं
आकर हस्ताक्षर करता है?
इसको भरनेवाले जन को
सर्वस्व-समर्पण काना है।
अपना तन-मन-धन-जन-जीवन
माता को अर्पण करना है।
पर यह साधारण पत्र नहीं,
आज़ादी का परवाना है।
इस पर तुमको अपने तन का
कुछ उज्जवल रक्त गिराना है!
वह आगे आए जिसके तन में
खून भारतीय बहता हो।
वह आगे आए जो अपने को
हिंदुस्तानी कहता हो!
वह आगे आए, जो इस पर
खूनी हस्ताक्षर करता हो!
मैं कफ़न बढ़ाता हूँ, आए
जो इसको हँसकर लेता हो!"
सारी जनता हुंकार उठी-
हम आते हैं, हम आते हैं!
माता के चरणों में यह लो,
हम अपना रक्त चढाते हैं!
साहस से बढ़े युबक उस दिन,
देखा, बढ़ते ही आते थे!
चाकू-छुरी कटारियों से,
वे अपना रक्त गिराते थे!
फिर उस रक्त की स्याही में,
वे अपनी कलम डुबाते थे!
आज़ादी के परवाने पर
हस्ताक्षर करते जाते थे!
उस दिन तारों ने देखा था
हिंदुस्तानी विश्वास नया।
जब लिक्खा महा रणवीरों ने
ख़ूँ से अपना इतिहास नया।
- श्री गोपाल दास व्यास जी
13 August 2013
NOTE
Dear Trader,
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When you learn to use technical analysis effectively, you begin to see:
- How to look a safe and confirm trading setup
- How technical analysis add confidence to your outlook
- When to trade and when to wait and watch
- How will you find more than 90% successful trade
- know the trading tricks of expert.
- What is your easy and secure trading setup.
Want to develop these skills? Don't miss seminar on 15th september in Mumbai that will teach you them and more. When you attend this 7 hours seminar, you will be able to find opportunity on real charts and strategies to help improve your trading skills.
Don't miss out on this opportunity to learn from Mr. Rajesh Kumar SinghRegister your seat today. hurry up limited seats.
Warmest regards,
LARSEN & TOUBRO
As long as price sustain above 770 levels short term bounce back is expected as shown in chart below. Price move today with positive bias and a move above today's high ( 811.60 ) provide the price confirmation and it can move higher towards 38.2% retracement which comes near 860 levels. However, move below 770 will extend wave iii on downside.
CLICK ON CHART BELOW.
CLICK ON CHART BELOW.
NIFTY CURRENT UPDATE
Two days back we indicated upward direction in very short term. Nifty gave a very sharp upmove today and closed at 5703. As per wave perspective count is very conflicting where RSI and bar technique with positive bias is showing strong reversal. Fiis sold index future worth rs 292 crores and open interest decreased by 5% indicating Fiis are not too much confident on this upmove. 6000 strick price call option has highest open interest in the current series, around the same level falling upper channel line is coming as shown in chart below, indicating maximum upper boundary for this series. But it doesn't mean that I am saying that nifty may jump to this level.
A move above 5720 will give confirm direction, where as a move below 5550 will indicate a sharp fall upto 5200.
I have also given chart of DLF.
bang on. enjoy. today it kissed 151.65 and closed at its near day high.
11 August 2013
1 August 2013
NIFTY TREND POSSIBLE SCENARIO
In my previous update we wrote Trade cautiously towards short side for the target of 5800-5750 with stop at 5950 on the closing basis.
Yesterday Graveyard Doji pattern formed but today's does not seen follow up action. A follow-up action confirms a reversal if prices manage to close above the high of the Doji pattern which is near 5755. In last 6 days of fall we seen some supporting activity near 5675 zone on the chart in last two days activity but price did not sustain above 5800 also and fell sharply, it indicate sideways consolidation. As two chart shown below, currently two scenario are possible.
In scenario 1
If scenario 1 is valid than price should not go above 5810-5850 level price above 5810 may kiss 5850 level and should turn down towards 5200.
In scenario 2
If price goes above 5850 than expect nifty jump up to 5950 and expect a flat correction. The entire fall from 6093 took 6 days so expect nifty will spend 6 days sideways action between 5675 to 5950. after that again down move should start towards the low around 5484 level.
During such case the stocks which are extremely oversold might show some pullback and the other stocks continue to correct so that momentum indicators come in overbought zone.
In short next four days sideways consolidation is expected and any jump towards 5850-5950 on nifty would be shorting opportunity for 5483 near term target.
Enjoy......................
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29 July 2013
Nifty Elliott wave trading update
Bias were negative last week. Daily price close below 50 day moving average and weekly price close below its previous week closing price so our view are negative. The entire leg of previous fall from 6226 to 5666 was in five wave formation and the reversal wave from 5666 seems three wave formation so assume that bounce was corrective in nature and current fall from 6093 is in progress. 200 day moving average is ahead at 5852 may create hurdle for nifty. Any consecutive two close below 50 day moving average will bring more red on chart. Our view will be negative until nifty bias remain negative. Advance decline ratio is making new low over all breadth are weak. Economics news and Reserve Bank of India monetary Policy on 30 july will bring volatility in the move in the week ahead. besides RBI's monetary policy news from other central bank from across the globe will also bring volatility in the move of market. A move below 5650 may create panic selling in the market. Trade cautiously towards short side for the target of 5800-5750 with stop at 5950 on the closing basis.
22 July 2013
NIFTY LATEST CHART PATTERN
Nifty consolidated again second day. As per nifty wave pattern current consolidation is in b wave. Once b wave is completed next minor up move up to 6130 is possible. But we will consider up move if 5950 is protected. If 5950 broken than assume that 6060 is top out and get ready for HUGE FALL. Therefore assume 5950 as Laxaman Rekha. Wait and watch policy is better and intraday trading is advisable. Positional Nifty trader may keep stoploss at 5950 for major changing in trend. CLICK ON CHART FOR ITS LARGER VIEW
18 July 2013
NIFTY ELLIOTT WAVE LATEST PATTERN WITH OPEN INTEREST ANALYSIS FOR VERY SHORT TERM
Nifty opened near 5987 levels and prices traded within the range of 6005 and 5975 till 4 hours. Yesterday stocks like ITC, HUL, TCS, Reliance were the ones that helped index to stay up and on the other hand Banking, Metals and Auto sectors continued to be under pressure but nifty succeed to close in positive any how. Nifty As shown below on 60 mins chart, prices took support exactly on the lower trend line of the channel and bounced back, indicating STRONG support in that zone. The Gap between 6030 and 5930 created on Tuesday is filled today. As we have given information in my previous post, that break above 6010 level will give next direction. From wave perspective, It seems that nifty is rising with double zig zag correction. It seems that it has competed its first standard correction in the form of a-b-c-x. Now the wave x seems completed and today nifty started for next round of correction in a-b-c format. upside of a wave should continue nonstop up to 6130 level.
Today 6100 put added fresh 19.67 lakh contracts in open interest and 6000 put added 21.30 lakh fresh contracts in open interest. As nifty future was up by 81 points and increasing in open interest in 6100 and 6000 are indicating nifty may kiss 6130 next resistance level and may hold 6000 level as strong support.
CLICK ON CHART FOR ITS LARGER VIEW.
Today 6100 put added fresh 19.67 lakh contracts in open interest and 6000 put added 21.30 lakh fresh contracts in open interest. As nifty future was up by 81 points and increasing in open interest in 6100 and 6000 are indicating nifty may kiss 6130 next resistance level and may hold 6000 level as strong support.
CLICK ON CHART FOR ITS LARGER VIEW.
16 July 2013
NIFTY UPDATE
ON THE DOWN SIDE 5900 AND UPSIDE 6010 IS THE KEY LEVEL FOR NEXT DIRECTION OF THE MARKET. TODAY'S LOW MIGHT BE FORM AS 2 WAVE OF C WAVE BUT WE HAVE NOT ANY CONFIRMATION, SO WAIT FOR CLEAR BREAKOUT OF ABOVE MENTION LEVEL. NIFTY REENTERED INTO THE GREEN CHANNEL AS SHOWN IN CHART BELOW BUT SUCCEED TO CLOSE ABOVE THIS CHANNEL. IF 5900 PROTECTED THAN 6100-6200 IS POSSIBLE OTHERWISE CONSIDER THE MAJOR DOWN TREND HAS STARTED FOLLOWED BUY THE BREAKOUT OF 5600. AUGUST MAY BE BLOODY RED. BE CAUTIOUS WITH YOUR OVERNIGHT POSITION. WITHOUT HEDGING LONG POSITION CAN BE MORE DANGEROUS.
11 July 2013
NIFTY SHORT TERM UPDATE.
Enjoy.....................
cheers !!!
8 July 2013
NIFTY LATEST ELLIOTT WAVE PREDICTION AND CHART PATTERN
As we are clearly seeing that previous down leg from 6229 to 5566 is in five wave clear structure on daily chart. So we can assume that this up move is in corrective format and it might be in a-b-c format. From wave perspective, as we are seeing prices reacted exactly from upper resistance level exact from 50%, it is difficult to say that wave b is over or is still ongoing. We have not confirm evidence that b wave as shown in chart near 5750 is completed or it will take few more days. But as per current chart structure it seems that one up move is due up to 6090 after that 6200 level.
Nifty recovered second time from 20 day moving average in last four days indicating 20 days moving average is providing good support in the market and it will provide direction for down side in very short term. Safe and less risky traders avoid positional trading. Do only intraday trading till nifty remain between 5905-5700. High volatility will hit stoploss on bothside in corrective wave.
In short, as long as 5700 is protected on closing basis our view over short term is positive with further confirmation above 5900 levels. For medium term we will maintain our target zone of 6100-6200 as long as 5700 protected on closing basis.
Lets see.
Click on Chart For its larger view.
chart provided by www.icharts.in
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4 July 2013
KYA AAP BANEGEY CROREPATI
MONTH LOT POINTS INCOME
1 1 250 12500
5 2 500 25000
10 4 1000 50000
15 8 2000 100000
20 16 4000 200000
25 32 8000 400000
30 64 16000 800000
THIS EXAMPLE IS BASED ON 200 POINTS PER MONTH PER LOT.
INVESTMENT REQUIREMENT -RS.50000
INVESTMENT REQUIREMENT -RS.50000
NIFTY LATEST CHART PATTERN ( INVERSE HEAD AND SHOULDER PATTERN)
CLICK ON CHART FOR ITS LARGER VIEW
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3 July 2013
NIFTY UPDATE FOR 04 JULY
Market took four hours to hold 5760. Market may reverse from 5760 or 5690 level.There will be no positional trading zone between 5760 to 5690 level. Only intraday trading is advisable.
Failure of sustaining above 5690 may create panic selling upto 5477 level and upmove towards 5980 and 6100 will get invalid. Therefore both side more than 200 points rally is awaiting in the market. Be alert huge volatile days ahead this month. Trade with minimum quantity.
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