MARKET CALLZ

Markets After Budget

2010-02-28T19:17:00.003+05:30

Hello Friends,

The long awaited Budget sparkles completed their lights and now we are back again to global cues fundamentals etc, etc... Up to me it was a mixed budget and it was not enough to kindle the lights of common man. But if we look in to the angle from markets, our F.M did his part, so the markets welcomed the session with a handy 62 points gain on last Friday.

I will not be available for few days so I will post two very important chart in this article. The move happened on last Friday was glittery but was not able to cross the mark of 5000 and saw an immediate profit booking at that level. We have some immediate resistance at 5020 level and that was the 61.8% retrace level from the bottom.

The below chart will give you an idea

-----> Day Chart

-----> Month Chart

In the day chart, the indication is based on MA 50 and MA 100, which has almost near for a crossover point and in the below monthly chart the ROC indicator has already finished it Bull move.

Both these chart indicate for a heavy Bearish move and it can last even for months. Now from the current point I feel Nifty can stretch to a maximum of 5055 to 5067 and one or two days close below 4777 will conform the above pattern. Initial targets would be 4538 and 4414, if the attack is severe then we may have 4250 and 3600 even.

But friends, don't get panic. It's just an alert call for the investors and nothing gonna happen all of a sudden in a single day. Since most of us may have missed the last bear market, but not any more. This pattern can be neglected, if market close strongly above 5310.

Do your own research before any positions and do not forget to remember me, if we get to see 4250 or 3600 :). I am off from the markets for few weeks due to my personal work and blog will be updated later on.

So friends have some profitable and safer trading days :).

Budget Week

2010-02-21T19:01:00.003+05:30

Hello Friends, first of all I am happy to share with you all that our blog got a traffic ranking of 8 lake over all the world and below 50,000 inside India by Alexa Ranking. It was all possible only because of your support and that too in this short time :).

Now on to this week market. Last week Nifty closed at a finer point at 4844, after some wild swings on Friday. We get to see some buying at lower levels and selling at around 4900 levels. But 4784 and 4812 will hold good support for this week. Friday's closing on SGX Nifty (4898) suggest for a gap up opening tomorrow.

Nifty if opens above 4884 and sustains for few min then day traders can initiate longs for an initial target of 4923. Once Nifty if breaks 4925 (fut) with volume on the first session, then we can target for 4976 intraday.

Sectors to be in long will be Autos and Banks. I expect bank Nifty to kiss 8677 in a day or two. But never ever carry any position for the next day until budget and trade safe :).

4950 on the view

2010-02-17T23:40:00.002+05:30

As posted, Nifty slowly and steadily inched to 4848 and there after momentum picked up with some fine close above 4850 mark followed by a gap up open and finally Nifty sustained around 50% retrace level above 4900.

Until now, I didn't see any kind of selling pressure in our markets. Here tomorrow 4932 and 4951 will act as stiff resistance and crossover above 4951 will pave the way for a target of 4976 and 5019 where I feel, the longs should be closed .

It's IIP Again

2010-02-14T17:28:00.004+05:30

Almost it was a miracle when the IIP numbers reviled on Friday. It's been almost 29 years, the country seen such a growth on monthly bias. On the other side China has tightened it's reserve again by 50BPS from Feb 25. This news has initially dragged US markets lower to almost 150 point cut on DOW. But later Tech sector helped US market to cut down it's losses.

Monday Chinese and US market are on holiday. So we may have some mixed cues but not from the world markets. Hope's are high for a gap up opening. Inflation data may come later in the day, so traders who hold long position can book initial profits if opens gapup and reentry can be made after Europe markets.

Presented a Chart with Fibbo levels last week. Nifty closed above 38.2% retrace level and the next immediate target would be 50% which is at 4917.

See the following chart :

For the past 5 trading sessions Nifty has made higher top's and all other indicators are pointing for a clear break out. But traders should be very careful at around 4933 level, which I feel will act as a trend deciding level. Only a weekly close above 4933 will indicate the medium term trend to be bullish.

Nifty spot levels for the week :

4751 - 4832 - 4884 - 4917 - 4954

A reversal again from the levels of 4930 will drag the market below 4676 and the correction will be deep. Have some profitable trading days. :)

Greece on the News

2010-02-09T23:27:00.002+05:30

News from Western countries to get some bailout process made US market to gear up. Dow almost surging above 200 points at this time. Almost this rally is happening from a over sold zone making some huge short covering over there at DOW.

Nikkie future is up above 1.5% currently, which all indicates for a gap up opening for our markets. I had suggested for going long in todays opening hour and friends who hold longs may look for 4832 tomorrow. If Nifty sustains above that level for 5 to 10 min then we may have an intraday target of 4884 and I believe this bounce may take the index above 4900 in one or two days.

Nifty Spot level for the day:

4777 - 4791 - 4832 - 4884 - 4908

The Momentum

2010-02-08T22:38:00.002+05:30

Markets shown a great deal of wide swing all through the day, that turned excellent for day traders. Almost 300 point swing and a great fight back from Bulls indicating tomorrow there is a possibility for one side move.

In my chart, which I had presented yesterday, You can get a view that Nifty almost on to 38.2% retrace level, and if that level is surpassed during opening hours we may even have a vertical up move till 4884.

So the simple view would be initiate long at opening hours and hold for a target of 4884.

Nifty spot levels for the day:

4690 - 4744 - 4791 - 4827 - 4884

Market's ahead 08/02

2010-02-07T19:47:00.003+05:30

From 5300 to 4700, almost 600+ points eroded in few days, almost all the stocks lost 20 to 30% of their peak value, will this be the good time to have some money inn. Yes as of me 30% of money can be supplied at this time on particular scripts.

Overall, if we take Fibbo level from 5300 to 4530, the correction that happened now touched 23.6% at 4700 and bouncing back. The short time trade on Saturday turned good and closed above 4750, which in sense indicates a bounce till 38.2% level pegging at 4827. So longers can have an initial target as 4827 and if Nifty sustain at that point, we can see a bounce till 4914.

On the other hand if Nifty reverse from 4850 level, then the immediate target will be 4620 and selling pressure at those level will make the slide still deeper to 4530 and 4250. A correction towards 4250 will be healthy at this point of time, which makes the valuation to be at a reasonable point. From the current level, even if market bounces up, I feel selling pressure will happen huge and with budget ahead, no one will feel comfortable to sit out with larger positions.

Nifty Spot levels for this week :

4620 - 4677 - 4751 - 4827 - 4882 - 4933

Open call for the day :

Buy Nifty fut above 4766 TGT 4827 -4848

Be Cautious !!!

2010-02-04T22:25:00.002+05:30

It's time to be very cautious. A slower start, mild move and all of a sudden blood everywhere.. I had mentioned about the volume slowdown in yesterdays raise, and today there was no speed breaker for bears.. The closing all around sensing something big to come around. I fear the fall which was expected has started before and quickly.

On today's stock move, it was clear that the market has smelled something and to add fuel to the fire US Dow almost undergoing a blood bath with more than 200 point slide. I had suggested to avoid reliance and watch the stock tomorrow. if breaks and trade below 1010 then it is ready for a killing bear ride.

Tatamotors all of a sudden lost all it's momentum and todays fall indicating that the slide may be deeper to 590 level. Infra stock like GMR making new year low with Unitech again bleeding towards 63 level.

For Nifty the previous low of 4766 will be the only hope, on account of gap down if market opens below 4765, i am expecting a bounce around 4730 , i mean just a bounce. Tomorrow's close on market will give us a clear picture as we are for 4500 or 5000.

Investors just stay away for at least till this week.

Nifty Spot level for the day:

4730 - 4766 - 4846 - 4890 - 4904

Great going

2010-02-03T23:03:00.002+05:30

One day of fall and other day just opposite. Today opened gap up continued it's good momentum all around the day. Lower volume raise, and lack of momentum in Midcap counters tells the story, it's just a relief rally only. To add strength Nifty spot not able to cross previous day high of 4951.15 and almost made a double top over there at that point.

As expected the Oil counter stocks with NTPC and RELCAP moved inline with my expectation. The scripts to trade long mode tomorrow will be RNRL, ITC and SAIL.

Avoid taking long position on Reliance and just wait for a close above 1070, if not happen, the stock can test 3 digit again.Avoid overran fertilizer counter. The long position at current position will turn as a trap.

Nifty Spot levels for the day:

4860 - 4882 - 4914 - 4950 - 4991

Hello Friends

2010-02-02T21:36:00.003+05:30

Back again after a long gap. Missed quite a few weeks of trade, and think i had entered at a good time, from now i expect a relief rally after today's close. Fresh supply seen today at around 4940 level and at a certain point it turned out to be a day of shorter, made Nifty to close at the lowest point almost.

But this is a good level for traders and can initiate long's with a stop at previous resent low of 4766 and can expect a relief rally till 5055. But remember as of me it's not the time to get long term investment as the budget is just in front of us.

Swing traders can opt for longs on NTPC and REL CAP from current levels. Tomorrow it's an important day for NTPC so traders make stop at 200rs for that stock to initiate long positions. On a bounce above 5000 levels Investor can offload some of their position, since if a correction happens from that point again, it may be heavy and we may see fresh deep cuts all around.

News flow from petroleum ministry suggesting for a rally in Oil related stocks, so BPCL, HPCL and ONGC can be taken to your watch list for a short term buying.

Nifty View 19/01/10

2010-01-18T23:34:00.002+05:30

A great bounce after a gap down open, bugging the global trend, nifty managed the high on open hour itself. There after the index move was a bit sluggish, but not with the scripts again. Don't know how many of you get those, (lot of them even very new to me). Most of the stocks were up around 10 to 20% on back of disinvestment news.

Apart from this, the hero for the day was bank and autos. Today's bounce from bank nifty adding more hope for 5400. Tatamotors showing strength again and it can target to 840+ in mere term. Like wise SBI is ready for a bounce, Intraday traders can use this.

Small scripts like MTNL, RNRL are getting quite good volume and moving up. In fact today MRPL also jumped up on back of some news. So short term traders can make use of long in these scripts.

Entry and exit levels only to Paid Clients.

Nifty spot levels for the day:

5228 - 5247 - 5274 - 5297 - 5312 - 5330

Nifty View 18/01 to 22/01

2010-01-17T19:43:00.002+05:30

Low volume, very low F&O turnover, small trading range with stock specific move are the highlights of last week trade. Index missed to use two golden opportunities to get past 5300, which indicates the indecisiveness going forward.

This made us to believe, still big shots are in holiday mood. Infosys once again lead from the front with it's quarterly numbers and TCS which gives hope for IT sec scripts in future. This week the limelight is on the big boy Reliance, with it's result on Friday evening. The stock is almost near for a break out, can be concluded on a strong trade above 1134, which in turn may pull the index to new high's.

But Nifty move gave us an indication that , it's slightly on heat and a correction is very necessary at this point. FII's were net sellers and unless the trading range is broken, Index traders will not get a chance to make some money.

I had mentioned about this on my Jan 1st article, about the stock specific move with commodities for a safer bet. The situation proves to be right on my earlier view and this week also after one or two days of good move market may remain silent only. So traders may trade for the premium reduced.

As far as Nifty is concerned just go for the following levels,

Long Breakout level : 5310 for target 5374 - 5440.
Short Breakout level : 5180 for target 5133 - 5085.

Happy Pongal

2010-01-14T07:37:00.001+05:30

Friends and dear readers, wish you a very happy Pongal and Makar Sankranti.

Eye's on IIP

2010-01-11T21:51:00.003+05:30

One more day of sluggish trade, with some specific scripts outperforming markets as usual. Block deal again on Reliance (around 3000 cr) made the stocks to bend down and dragged the market as well. It's trying hard to make the pending deal to go through, which I feel would be a positive boost for the markets.

Bharti telecom deal ended successfully, with some good news from SC boosted telecommunication sector.But the big news, IIP data to be reviled tomorrow afternoon, and because of last month blasting numbers, the expectation are high, personally i feel anything above 10.9% may trigger positive sentiments.

Tomorrow, again have an eye on power sector and capital goods. Lot's of stocks are on for upper breakout only, so friends trade carefully.

Nifty View 11/01 to 15/01

2010-01-10T20:24:00.003+05:30

We had a quite market last week, with some muted performance on index and delightful move on specific counters. Still lot of mid-caps and specific large-caps are ready to give a blast off. Hopefully this week will be a power packed week and I expect Nifty index and banks also join the party.

NTPC is ready for FPO, with REC and MNTC to target 30,000 cr for their oncoming expansion plans. So friends concentrate on power sector to get some powerful gains. Powergrid also looking hot and can target till 121.

Likewise ABAN entered the OB region and shorts can be initiated at possible high's with a stop at 1540 for intraday trade. One more pick from my side is kernex micro on short side with stop at 193. DLF from the move on Friday, it tends to fire up above 400 and long holders on that counter may target for 20% profit at least.

Moving on to index, Friday close suggest Nifty is ready for a bull run, if happens to get good volume then it can target around 5400 shortly.

Nifty levels for the week:

5168 - 5210 - 5244 - 5278 - 5305 - 5369 - 5444

Don't miss the upside blast in individual scripts and to get exact entry at right time just join with me in my PAID SERVICE.

Nifty view 07/01/10

2010-01-06T21:38:00.003+05:30

Broader market lagging without life, very tight range of move of range between 40 points. But as expected individual scripts outperforming the market. Based on RSI i can come to a conclusion that this may come to an end soon, may be tomorrow.

The recommendations which i had given on last post, generated some descent gains. Tomorrow look at TATA power , after it's yesterdays gain it has entered OB region and it has a strong resistance at 1497 1510 region. So it can be used to short for intraday basis.

Nifty Levels for the day:

5227 - 5260 - 5282 - 5303 - 5331 - 5369

Nifty View 06/01/10

2010-01-06T06:30:00.000+05:30

Lot's of interesting happenings going on in the market. Suddenly some stocks are firing up, the reasons are many. Fertilizer sector moving up with budget announcement. RBI announcement on FII's limit on Network 18 made the media shares to have a bump up, on the other side FII buy limit on Maruthi shares came to an end, which made the stock to bend down.

As I said in my previous article, now the market support short term investor and swing traders. Really Metal sector is the one still supporting the index, and currently at the end of the day most of the shares are on OB region. So intra day traders can opt for a short trade in shares like SAIL, TISCO etc. (do this with your own research).

Positional long on RNRL is doing well and it can target 78 shortly. Swing traders can go long in sterlingbio. Even index is not supporting for intraday trade, selective script outperforming the broader market and generating good profits. So it's all left to you to search for those kind of scripts.

Entry and exit level for all the script i had mentioned, will be given only for PAID CLIENTS. So readers of this blog, who takes these script should do a good research before entry. Else you can subscribe to my PAID SERVICE.

Nifty Spot levels for the day:

5260 - 5291 -5302 - 5327 - 5371

Nifty View 05/01/10

2010-01-04T20:45:00.002+05:30

Once again a low volume day. But sector specific move helping the markets to build on some gains. Calls on Bank Nifty and JP associate rocked out. Positional call on GNFC and NOIDA are doing well. Federal Reserve chairman Bernanke speech on Sunday boosted US markets and they running on with good gains above 1%. Hope if volume supports with a gapup then our market will cross 5300 tomorrow.

"There's an old traders' adage: 'Never trade a light market, because you can get burned,'"

So new traders should try to learn from these market and risk entry should be made only behind good guidance.

Nifty spot levels for the day:

5216 - 5233 - 5257 - 5277 - 5305 - 5333

First article 2010

2010-01-03T17:33:00.003+05:30

Hello Friends, it's good to meet you all again at a fresh year, fresh contract with some fresh views behind. Almost a wide swing of around 7000 Nifty points in 2 years. From this year, the move may not be the same, but hope it favors the investors.

Lets see about the mere term trend.

The Chart i had given based on Andrew Pith fork method and triangle pattern combined. The breakout signal indicating a short term target of 5315, a break out above will fetch a move till 5510 to 5633. It may not happen all of a sudden, but short term investors can use this.

Intraday Nifty trend remain sluggish below 5200 and a break above 5228 will result in a target of 5274 and 5305. Positional longs can be held with a stoploss of 5121 and interim view turn bullish only below a break and close below 5050. Change on market timing will get on to effect from tomorrow, and my advise will be do not enter the open hour trade all of a sudden.

Friends who are interested in my PAID SERVICE can send a mail to mkt_calls@ymail.com else Click here for details.

NEW YEAR 2010

2009-12-30T22:08:00.002+05:30

A Relaxed Mind, A Peaceful Soul, A Joyful Spirit, A Healthy Body & Heart full of Love..All these are my Prayers for You..

Wish a Happy New Year 2010.

Fair & Well 2009

2009-12-28T20:47:00.003+05:30

Markets this year has given everything to everyone. Highest % gainer in all Asian markets. After the election result, our market capital has increased 10,000 cr/sec and hit upper circuit. We never know when this will happen again. But happy, we were at the time that has happened once.

Now in this week, the mentality of most of the traders and investors will be to protect their capital and to start the New Year with some profit. So the outcome may be very severe or without any fire work. Technical wont work on this week, if the volume's remain on the lower side then the volatility may be unpredictable.

For a sample, look out this picture;

This was the snap shot of opening trade happened in SGX Nifty. Look out the volatility of 300 points with high at 5300 and low point at 5000. Even these kind of moves also can be expected.

So my choice would be to wait aside instead of fighting these kind of volatility. But still, the move to look for is from Bank Nifty. I am expecting a short covering of around 5 to 7% in this sector.

Like wise Bharti Airtel stocks can be accumulated for a short term target of 346. My previous recommendation (last week) on Sail, Cairn, ICICI, Axis, Reliance, Tata steel did well and still SBI is intact for a target of 2400. Hope you friends used this for some smart gain.

Nifty spot levels for this week:

5070 - 5119 - 5160 - 5210 - 5287 - 5330

Crude my complete this year above 80$ and next year may turn the year of commodities. For Smart profit just join in my PAID SERVICE. Have a happy trading week.

Article No : 100

2009-12-23T20:53:00.004+05:30

I was searching for a right time to post my article number 100 and finally i got one :).. Cheers for longers, as personally i was bullish, and fed up with the move happened for the past few days. But very relaxed today with the way Bulls reacted. (Almost 100 to 200% profit today in each entry) It was a wonderful Christmas gift to all i hope.

It may look like as an over reaction, but Friends, believe this rally has a lot of potential left out. In my last post suggested Bank Nifty longs with some large bank stocks like ICICI, AXIS. And for Nifty the real game begins only after Nifty cross 5200 mark, as positional short holders will cover their position. I do believe there will be only less short rollover as the expiry and year end come together.

Bank Nifty above 9055 the up move will be nonstop and heavy. I would like to suggest Bharti Airtel for short term target of 346 and still lot's of stocks waiting for a big rally. (more details to Paid Clients).

Nifty Longs can be initiated again above 5190 for target 5240 and 5287.

Merry Christmas to all Friends. Almost 25000 visit and 100 post in few months. In this great occasion, I would like to thank all the friends, readers, well wishers and Clients who had supported me during the difficult periods ,shared their happiness and encouraged me write this blog. I really thank all of you one again.

Bank Nifty overview

2009-12-20T18:57:00.004+05:30

Traders are one who look for short term opportunity to make a descent profit. So they have to search for the scripts that suit them. In this my choice would be Bank Nifty, which has good chance to make 5 to 10% profit in coming days.

Look at the chart:

In this chart it's very clear that the near term good support level is at 8550 region. RSI also poised for a bounce back. Do not bother about Inflation, CRR, SLR, Repo, the correction which is needed has already done and its time to show some up move.

Already in my previous article i have mention about SBI and ICICI, in that list we can add AXIS also which has almost bottomed out. So short term traders can look on to these scripts.

As far as Nifty is concerned it has a good support at 4961. Intraday traders and swing traders can use this as stop loss to initiate long in Nifty.

Nifty spot levels for this week:

4944 - 4961 - 5004 - 5035 - 5074 - 5120 - 5160

For subscription details just CLICK HERE.

Nifty View 18/12/09

2009-12-17T22:12:00.003+05:30

Markets found it's second trading range between 5000 to 5070, but this time giving time to small traders also to access their entry. But the best thing is Bank Nifty had finally stopped it's south side move. Still it has not entered to bullish side, but made a double bottom today.

SBI showed a small hope and end near resistance level today. Reliance still moving down without any real buying. So it can be called a mixed set of performance from different set of counters. Now US markets slides around 1% due to job report.

As far us our markets are concerned, it's a buy around 5010 level and sell below 4990 level for intraday. As expiry is near, big players will try to eat the premium of options, so the sluggish trend may continue.

Nifty spot levels for the day:

4977 - 4990 - 5010 - 5033 - 5061 - 5080 - 5105

Even in this sluggish trend we where able to grab a very descent profit of 50 points in Nifty and almost 110 points in Bank Nifty. For more details mail me to mkt_calls@ymail.com and join in PAID SERVICE .

Recovery or Trap?

2009-12-16T23:07:00.003+05:30

Today markets opened in a soft note and the levels of 5000 is held all through the day. Some wild swings later in the day made almost a trader friendly day after long time. Will this can be taken as an entry point for long's or still bears are waiting for their chance?.. This doubt will get clear after today's FED announcement.

Bank Nifty is bottoming out. SBI almost touched lowest RSI of resent times and today's low made a double bottom formation. So the script to watch for the day is SBI , ICICI and RIL. I hope all these 3 stocks has something left out to show the bears.

Cairn looking good to go long on short term view. Target 290+. Same way SAIL getting good support at 207, so in the medium term it can target 221 to 236.

Nifty spot levels for the day:

5010 - 5033 - 5041 - 5070 - 5089 - 5114

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Long awaited correction

2009-12-15T22:51:00.005+05:30

Finally it was done and Nifty was able to get rid of the small trading range. The slide continued till the end of the day and closed 0.05 point above the important support level of 5033. Technically speaking, the indicator trend for short term correction, but personally i feel this level is an area to take positional longs for higher target.

Look on to this chart.. this is Nifty future chart which has taken support exactly at 23.6% retrace level. May be i can go completely wrong, if this level holds for tomorrow then we may see higher targets soon. A bunch of supports like 5010, 5004, 4986, 4963, 4954 are lying behind.

Infosys advance tax numbers giving us some hope for good quarterly result ahead. We may have a fair chance to see 2007 bull markets again and IT sec will lead the rally at this time also.

Nifty spot levels for the day:

4995 - 5004 - 5030 - 5047 - 5072 - 5105 - 5120

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Expectation still on!!!

2009-12-13T20:27:00.004+05:30

Markets are not letting out to guess any direction. Friday, immediately after making new high, market fell down on back of IIP data. But open interest on Nifty suggest, still long position is built on every possible dips.

Look on to this chart :

Look on to this chart. Almost this pattern suggest a formation of Ascending Triangle. It is consider to be bullish and break out may fetch us around 10% of gain. But it will not be an easy job for bulls to break the resistance level of 5200. So i advise friends not to take any advance position expecting a particular direction. Let the market to decide it's direction and position taken after that will be profitable.

Nifty spot levels for this week :

5033 - 5050 - 5078 - 5111 - 5149 - 5170 - 5190

Again i repeat, don't try to find a direction. Until then concentrate scripts for better returns.

For betters returns and safer profits, join in my paid service.

Nifty close above 5200?

2009-12-10T22:21:00.002+05:30

It seems there are higher possibility for Nifty to cross 5200 mark tomorrow. But as like today, Nifty spot will face a major hurdle at 5150 level. Three candles almost with same tops formed in the EOD chart, suggesting, a break out above 5150 spot level will provide strength to cross 5182 level.

Once that top is tested then fair amount of short covering and fresh buying may take the markets to the next stage. On the other hand, markets are so sensitive now and even a small negative news can make markets to fall down like playing cards and bears will entirely kill the longer.

As i said in the previous article, telecoms sector showed some strength today with ONGC getting out from long hibernate period. Friday close of market will be much more important as i expect, this hide and seek game will come to an end tomorrow.

5050 and 5150

2009-12-09T22:10:00.002+05:30

Nifty is struck in a very short trading range. Sooner or later a break up or break down should happen. So instead of searching for intraday entry and exit level, trader can opt for a swing trade. Up to me unless a bad news hits markets, it is not easy for bears to take over.

But a lot of investor are waiting aside to get their money inn. All they want is a clear trend from markets. Even as markets are trading near year high lot of high beta stocks still trading below its normal market value, compared with a year before.

So friends its right time to concentrate on such stocks and sectors. If markets able to cross the major hurdle of 5200 then sectors like telecoms, bank, oil&gas and real estate stocks will outperform.

Stocks like DLF, Unitech and RCOM are some which was hammered by bears. Bharti Airtel is still available for a handy rate. Reliance still sleeping aside with ONGC not participating in any move. Like wise bank stocks like ICICI and SBI has lot of stream left out. On times of short covering, these stocks will fly like a rocket.

So instead of fighting with markets Traders can search for a right entry in scripts of their choice. Traders with F&O knowledge can choose options according to their knowledge and research.

Slight relief for longers

2009-12-08T23:08:00.002+05:30

Normally if we an aggressive bear attack, longers will not have a single chance to close their positions. Same as the case with bull market also. But if we are on the same direction in either of this attack, traders will mint unexpected money of their life time.

Today we get to see a small bull move of around 80 points in single stroke. But repeatedly Nifty is facing heavy selling pressure or lack of buying around 5160 to 5190 region. The region between 5050 to 5150 will be tough to trade. So unless we get a close above 5190 range the trend will not be clear.

Tomorrow again we may see some selling in our markets. Until now US markets are under heavy selling pressure. As far as our markets are concerned, it will face huge selling pressure once 5050 spot level is broken. So safe traders are advised to trade lite or avoid trading.

Nifty spot levels for the day:

5062 - 5088 - 5119 - 5133 - 5166

Even in this critical market move, we where able to book 50+ points today.

Nifty View 08/12/09

2009-12-08T00:01:00.000+05:30

Long expected correction till 5050 level has happened today. Up to me it can be taken as a healthy correction and refueling time for Bulls to take charge on the markets. Except Nikkie almost all other world markets are struck with a small trading range.

So this is not a trendy markets for day traders to have some easy picks. This may even continue for few more days also. So traders should trade lite and should book quick profits.

Nifty spot levels for the day:

5032 - 5051 - 5083 - 5117 - 5158

Nifty view 07/12/09

2009-12-07T00:48:00.002+05:30

Markets are moving on a consolidation phase. Any correction if happens, that should be taken as an opportunity to go long, unless if happens due to any bad news. Jobless data from US showing some sign of recovery after 2007. But Nifty spot has a major hurdle at 5182, if surpasses that mark with good volume then a heavy short covering and fresh buying will happen.

Safe traders can initiate longs above 5205, since i feel it's a safe area and a major blast of longs can be used to book quick and safe profits.

Bank Nifty is getting ready for a major move. Positional traders and swing traders can make use of it. Details regarding the entry point and target will be given to paid clients only.

Nifty spot Levels for the day:

5082 - 5110 - 5144 - 5169 - 5182 - 5205

Friends I am happy to inform this, from today my NEWS LETTER service has been started. Still if any one wants to join me can mail you details to mkt_calls@ymail.com .

Double Top

2009-12-04T00:20:00.002+05:30

Today i just want to present a simple article. A double top formation on Nifty spot chart at 5182. Yesterday even Markets opened gap up and sustained at higher levels almost for the full day, Nifty spot was not able to make a new high, low volume on Nifty futures and lack of buying interest made markets to slip a bit and lost almost all its gain at EOD.

Today is Friday, still i believe a possible slide, that may happen today. Healthy buying may happen only if the above mentioned level is crossed with good volume.

Ready for Next move

2009-12-03T00:10:00.000+05:30

High volatility prevailed all through the day. Nifty future failed to cross the the high made during the opening time. This reviles the uncertainty in the mind's of investors. Today i expect the market to open a bit soft and some profit booking may arise which will drag the market to 5070 to 5050 level. But certainly these are right time to get some investment.

One of my friend has inquired about RCOM. Is this right time to go long in that stock? yes, it has a strong support at 162 on closing basis. Short term support exist at 173. Above 182, it has a target of 189.5 and 197. Swing traders who are targeting for 10 to 15% returns, can use this script.

Nifty spot levels for the day:

5048 - 5070 - 5091 - 5119 - 5134

Intraday traders can trade for a simple dip first and long entry can be made after that. More details to subscribers.

For details regarding paid service just click on to the button on right side, else mail me to mkt_calls@ymail.com.

200+ points on Bank Nifty

2009-12-01T23:14:00.002+05:30

It was really an amazing day, as Bank Nifty busted out with my expectation. Almost all the script which i gave on my last post, fetched us some descent gains.On the other hand Nifty is firing up to the new high's of this year. I had mentioned about this on Monday, Still a lot a stream left out in this rally. So friends you can silently wait for 5200++ on Nifty with in this week end.

Nifty Spot levels for the day:

5062 - 5091 - 5119 - 5149 - 5174

Never enter short this time quickly. For Bank Nifty major resistance zone is at 9345 to 9360. So once if this level is crossed, we can expect another double century from that counter.Positional call on SBI from 2248 has given 50+ point today. My target for that is 2339.

Stocks to watch today, Rel cap and Rel Infra to trade with long Bias. For TataMotor RSI favoring a short trade. So friends use it.

For NEWS LETTER subscription details, click to the link given on right side.

GDP surprise

2009-12-01T00:05:00.003+05:30

Cues from world markets and excellent set of GDP numbers made our markets to close well above the 5000 mark again. The recovery is thick and fast as expected. Rally may be non stop if the levels of 5140 is crossed.

After long time, markets are giving excellent opportunity for day traders to earn some risk less profit. The picks on equity which i gave on last post worked very well (3 to 5% gain each). My chart tells Bank Nifty is ready to blast out.

Stocks to watch out today and trade with long bias are Axis bank, ICICI bank and SBI. Particularly SBI can blast above 2248 level. Once crossed it may target to 2339.

Short term Support for BANK NIFTY is at 9035. So longs can be initiated above that level for a target of 9145 - 9205 - 9250.

Nifty spot levels for the day:

5006 - 5021 - 5040 - 5069 - 5080 - 5114.

Friends thanks for your support you had given for my new paid service. I had replied to all of them, who has inquired about this service. If any one, i missed to reply may get it by today.

Have a happy trading day.

Paid Service

2009-11-29T19:08:00.007+05:30

Finally I am happy to present you a paid service , in the form of news letters. I have planned this service for small day traders who look for 5 to 10% of profit daily, for the capital amount they hold.

Package details: 1

Daily market view.
Nifty and Bank Nifty(Future calls), entry and exit level with stop loss.
Five special picks on scripts (Equity calls), entry and exit level with stop loss.

All these will be Mailed to clients before market hours, in the form of NEWS LETTER..

This Service will be charged with an upfront payment of 600 Rs/ month. No free trail will be offered, as you friends know well about my previous performance. :)

I have fixed 3000 Rs /6 month and just 5000 Rs/12 month.

Package details: 2

LIVE CALLS through Yahoo Messenger
F&O calls on Index and Stocks (full package)
Individual support for each clients
Call performance with an average of 30 Nifty points/day.

This Service will be charged with an upfront payment of 3500Rs/ month. No free trail will be offered.

So any Friends interested to go for long term subscription can make use of this. I think these are almost affordable dead cheap rates, as the daily spending may come around 15 to 20rs only. Interested persons can mail their details to mkt_calls@ymail.com.

This paid service will be started from 1st week of December. Awaiting for your response.

Nifty View 16/11 to 20/11

2009-11-15T16:25:00.003+05:30

Friends, i here by present you with Nifty future chart.

Here i have indicated the possible break up and break down level. Important level to watch out for is 5024, since a double top has formed in that region. So it is advised to go short until, that level is cleared.

Positional short also can be executed with a stop loss of 5072. Nifty if closes above 5072 then further up move will happen.

Comments are welcome through mail.

Urgent Post

2009-11-13T11:46:00.001+05:30

Hello friends, i am updating this post just to alert you all, to hedge the positions. (long or short). I advise you all to take 2 or 3 lots of 4800 put (CMP 37rs) as defender.

Just be clear

2009-11-11T23:32:00.002+05:30

Friends i am writing this article only because of some fellow reader, who is trying to create some nonsense around here, making fool out of me. I just want you people to be clear in choosing your every move. This blog is like my personal diary, where i am just sharing my personal view's on market.

As i said, i am just a small day trader. I am not from the side of any osama's or obama's, who can change the direction of the world as they like. Here one fellow is arguing me to accept the stop loss of a call today. (The call was given on 10/11/09, just for intraday basis, and it was closed on the same day).

Nothing shame in accepting a defeat, if any. But i want to make clear that, make your own way of research before entering any call. And until now, i had given 3 calls on script option as positional. ICICI, RCOM and DLF. In these ICICI call is closed as it hit my target. RCOM and DLF are still in hand, for which the exit rate will be informed at appropriate time.

I am not running any paid service of any kind related to markets and the views given here are the trades which i am taking personally.So once again i remember you, make your own research and be clear, always trade with a stop loss.

Nifty View 11/11 + Chart

2009-11-10T21:40:00.007+05:30

Every one will feel happy as their projected move happen in markets. As a small trader, i am very happy on the move happening for past few days.

I will now present you one more chart with projected target placed.

Here i took Fibbo retrace from 4534 to 4947. By presenting the chart here, the projected targets are not only based on Fibbo, i am using other source of indicators like RSI and more. So this time i expect a correction till 4786 and from the the second leg of bounce will happen, which will take Nifty above 5000 mark again.

Note: The above given levels are Nifty nov future levels.

Nifty view - 10/11

2009-11-09T23:14:00.002+05:30

Today it was a great day, Nifty almost done my all expectations. Yesterday posted a chart on Nifty with expected target as 4930. Today Nifty made a high of almost to 4910, just 20 points short of my target.

But never worry, tomorrow that target will be done. From here i expect a mild correction, just a mild correction of 3 to 4% on Nifty.

Simply book your longs at opening bell and go short on Nifty tomorrow.

Nifty future open call:

Sell Nifty at 4960 ..... SL 4991...... TGT 4848 , 4776.

Note this sell call is given for intraday traders. Still i am bullish and investors can re enter again at lower levels by booking some profit here.

Nifty spot levels for the day:

4833 - 4857 - 4872 - 4910 - 4930 - 4954

Bounce for Sell or Buy?

2009-11-08T20:19:00.004+05:30

Last week Nifty obeyed the support of 4530. A hard run bounce there after, but not able to close above 4850. The question prevailing now is, still bears alive or can we take a bull ride? For short term investors the dip happened on Tuesday was certainly an opportunity to buy. OK, what's left out for this week ahead?

Just see the chart :

I had now taken Fibbo levels from 5168 to 4530. If we consider this as a correction level, then we are now half way mark which is at 4850. So trader should be careful at that level. So one or two days close above that mark will induce a real bull run, if manages to cross 4930 then simply we can say, higher high's are waiting for us.

Nifty Spot levels for this week:

4669 - 4732 - 4776 - 4850 - 4930 - 5016

Will the slide stop?

2009-11-03T23:48:00.004+05:30

After so long time we are now experiencing a continuous bear attack. Instead of simply posting i give you two charts today. Just see it carefully.

In this chart i have indicated about 2 points. RSI and a gap zone. At present RSI is entirely oversold zone (almost around 15%). Second is the gap zone created on 24/08/09 (4528.8 to 4536.9). Today Nifty has almost respect this gap and closed at that point. Theory is this, unfilled gap always acts as supp/resi. So Nifty if opens above last day close, then traders can blindly initiate longs. (This theory violated if Nifty opens gap down below 4528 tomorrow).

Second chart:

As per Fibbo levels ( I have taken 5183 to 4752 for 0 to 100% retrace levels) Nifty yesterday touched 150% retrace mark. So any bounce can be taken as an opportunity to go long with a stop loss @ 161.8% retrace level which is at 4486.

But it is entirely a prediction only. Markets are superior than us. I have failed in predicting this fall from 4750 to 4536, so my kind request is make your own research before taking any positions.

The above given levels on this article are all spot levels of Nifty.

A relief Holiday

2009-11-02T21:54:00.002+05:30

Holiday today almost stopped Nifty from sliding further down. To be very simple Markets went on for a healthy correction, but panic among retail investors and some profit booking by FII's made markets to slide down even after a gap up open on Friday.

But there is no change in my stagy. I have given three script options as positional to carry over and one who enter in those, can wait until i give exit call.

Tomorrow i expect nifty to open flat to positive and trade positive. Need 4750 to get cross in initial hour, then positive momentum may continue till EOD. Friends have an eye on autos sec tomorrow. If get chance try to go long as i expect that sec to out perform tomorrow.

Nifty spot levels for the day:

4666 - 4690 - 4750 - 4778 - 4827 - 4854

4750 TO 5300 SOON

2009-10-29T22:17:00.003+05:30

Gap down, followed by sluggish trade and ended with a sparkle move, finally hinted something with the close at 4750. I have targeted 5168 from 4950. Then from 5244 as stop loss our target was 4750 to 4661. Here we had our 4750 today and that is the closing rate. What is next?

It's just simple and i give here my open target also. New, year high will be made, means 5200++ in this contract. In my previous post suggested about 4750 level to have a positional long. If any one initiated that will feel lucky to be on longer side.

Cash calls on Rel cap and Rcom will yield good returns in coming week. Tomorrow expecting a close above 4884 which up to me is a bull sign again.

Script Option calls:

Buy DLF 440 call below 10 rs.

Buy RCOM 200 call at open.

This is positional call have to be carried for 3 to 4 days. Stop loss and Target will be updated later in my blog. But trust me there will be minimum 200% profit from these calls.

Nifty spot levels for the day:

4750 - 4824 - 4852 - 4884 - 4930

ICICI going to post it's result tomorrow, so watch a BIG BULL in Bank Nifty and RIL all the way.

Bloodbath

2009-10-27T22:11:00.004+05:30

Terrible day all around till the last minute. Almost all the sectors like reality, Banks, Metals, Autos all got a deeper cut of about 3 to 7% intraday and once the long standing support of 4920 broken, it was almost panic that prevailed everywhere. RBI's credit policy and SLR hike did the trick with global cues as well. (This is the reason i had avoided Nifty call on my last post)

My positional short call brought up a huge smile but intraday long call got hit with sl. Now markets are in full control of bears and traders can only go short on every raise. If 4808 will be a mild speed breaker for the Bears. If respected then we can opt for a mild bounce.

Remember once 4750 level if hammered then 5300 will be a dream atleast for few months. Just have a look at my weekly Nifty levels in previous post. The way sell off happened makes me to think about 4661 in this contract itself.

Anyhow for investors this will be a hibernate period only.

Nifty view 27/10/09

2009-10-26T23:26:00.003+05:30

Today markets supported for both long and short. If you are able to judge the boundary line, you will be the ultimate winner. From tomorrow trade lite as there is high possibility of 4900 to break. Capmark Financial of US has filed Bankruptcy on Sunday, which was reflected in DLF, Unitech like stocks.

But i had advised for BTST on Nifty and Bank Nifty. Since i was of the view that some simple bounce may happen tomorrow. But positional short are still on.

Nifty levels for the day:

4912 - 4936 - 4957 - 4970 - 5011 - 5035 - 5055.

Open call for the day:

Buy Rel Infra above 1204 .... Tgt 1258 1274...... SL 1189

RBI + Expiry

2009-10-25T21:38:00.003+05:30

RBI going to announce it's monetary policy this week, will make market more volatile and expiry day which adds fuel to the fire. But intraday players may have fair chance if right entry is made. Our market open will depend up on Asian market and if we get a gap down, then i am expecting a bounce back.

Those who hold positional short on Nifty can use the gap down to exit. Longs can be initiated only if 4954 holds in Nifty spot. But if Nifty trades between 4904 to 4954 then don't take any trade. Below 4904 again short's can be initiated with SL @ 4954 (spot). These are three types of plan, and appropriate plan can be used accordingly.

Reliance going to announce it's result after market hours on expiry day. So this is the stock to watch out for. If 1983 breaks then it will decline towards 1750 levels, so friends use this. Raise in crude price not a good news for ONGC. If subsidy burden goes high, then this stock will get beaten down to 1000 levels. so be watchful, and longs are strictly prohibited in this script.

Nifty spot levels for this week :

4661 - 4750 - 4808 - 4879 - 4954 - 5030 - 5091

Open Call for the day:

Buy Nifty around 4954 to 4970...Tgt 5030 - 5055.. SL 4923.

Positional short holders can also use this call for intraday and re enter short position again during closing hours. Coz there is no change in my bearish view.

Free Calls to Mobile

2009-10-22T00:13:00.001+05:30

Friends i have informed this before. I am not running any paid service. Just sharing my views on market and giving some free calls through blog and mobile. Remember "There is no Free Lunch Ever". But i am doing so because increase in number of visitors will increase my add revenue. I am spending some time with my blog to update levels and if possible i will post some calls.

So friends don't expect any regular call service from me now. But those who are interested in receiving free Nifty and Bank Nifty calls can mail their mobile number to mkt_calls@ymail.com.

And really i am thankful to all of you, for the trust and hope you ppl have on me. If i plan for any paid service surely i will inform you all and will make sure to feed you with the best feast at a reasonably affordable cheap rate.

Nifty spot levels for the day :

4982 - 5008 - 5033 - 5052 - 5071 - 5090 - 5122

Remember if any bounce happens use that to book profit in long's. Market will not make new high's without a correction.

Ready for a Bear ride

2009-10-20T22:53:00.003+05:30

After Diwali trade think market started finding it's direction and it is on for a short term correction. Today even as Asian market ended in green our market not able to sustain a selling pressure and ended the day in red. This is the first indication of some profit booking and short build up.

Dow after making new highs started retracing from our expected level and it may carrect till 9800 in coming days. Just watch out.

I had indicated to take positional short on Nifty and Bank Nifty during Muhurat trade. This positions will fetch atleast 5% gain per single lot.

The good indication for Bear attack is a gap down. As of me a gap down is what needed tomorrow and the opening point should be below 5070 in spot. If happens, then we can be 100% sure with our short positions and look for a target of 4920 with in this week.

Profitz Unlimited

2009-10-17T00:05:00.000+05:30

We had almost reached an end to this Bull run and from here Bears will rule the markets. Today we have Muhurat Trading for one hour which is consider sentimental move going forward. We had almost 100% raise from the last Muhurat trade and most part of this run can be called a manipulated one. But trend is our friend, so we shall make a friendly move.

Up to me the Bull run will end around 5200 level. From there i expect a correction of 7 to 10% in Nifty and in this financial will get hit most. For Bank Nifty index i expect a correction of around 15% from here on.

It may be hard to believe, but possibility is not ruled out. A few day's back given a buy call on Nifty with a target of 5166 on spot Nifty, which is almost achieved today. So traders who can maintain a stop loss of 75 points / lot in Nifty can enter in this.

And the Jackpot call is Short Nifty at high's (as far as possible) by keeping a very very strict stoploss @ 5244 and aim for a positional target of 4756. The first indication of fall will be the break down of 5049 and enter truck load of short's once 4920 is broken. The immediate next stop will be 4756.

For Bank Nifty 9666 will be the china wall and this index will get hit most... Panic selling on cards and 8800 level is quite easily possible in a day or two.

Take short positions on 6:10 PM if Muhurat trade opens negative else take position at 7:00 PM. But remember short, short , short on every raise.

Nifty spot levels for the coming week :

5244 - 5166 - 5049 - 4920 - 4756 - 4661.

(Note the above given levels in this article is all Nifty spot levels)

Just Relax

2009-10-15T21:42:00.003+05:30

May the joy, cheer,mirth of this divine festival surround you forever.

May the happiness, that this season brings brighten your life

Hope the year brings you luck and fulfills all your dearest dreams!

Happy Diwali..

Friends tomorrow most of the traders will be engaged with their festival work. So the volumes will be dried out. Just forget the market and spend time with your family. And don't forget to visit our blog on saturday... and don't miss your life time profit.

Expected out break

2009-10-13T18:11:00.004+05:30

Monday move almost fulfilled my expectations, in some time i got a feel that the run was a pre-planned one. But any way this move will target around 5200 levels. So day traders may use this fare chance to back some bucks.

Positional call on Nifty given on monday almost clinched 100+ points and that can be carried for a target of 5166 on Nifty spot.After booking profits in long just wait for a trend and further direction.

In case if Nifty struggles at 5100 levels then hedge your long position. But i am very sure about 5166 to be reached in a day or two.

Nifty spot Levels for the day:

5034 - 5070 - 5092 - 5113 - 5127 - 5166

Open call for the day:

( Only for Risky traders ) :- Sell Nifty future @ 5092 SL 5111 -- Tgt 5036 .

Please note this call is only for intraday, reverse the trade once 5113 is crossed. Positional long holders on Nifty can trade accordingly.

Diwali Target

2009-10-11T19:16:00.003+05:30

Last week Nifty range was so limited and had some wide swings through out the week. But Friday close sound's to be a trap for Bear's. Result season and Election holiday ahead this week and lot of buildup in Puts and Shorts happened during closing hours on friday. But still Nifty manages a close above 4900. This will be the important trend deciding point.

Small traders should be careful at this point and 5200 levels are possible before Lakshmi Pooja. Moving average's suggest for a negative trend but operators may think opposite so that weak hands may be left aside. After Lakshmi Pooja our market will take one way move.

US Dow is heading for a target of 10227. From there i expect a major correction in all world markets. May be i can go entirely wrong but possibility is not ruled out.

Nifty Spot levels for this week:

4889 - 4920 - 4974 - 5047 - 5090 - 5137 - 5166 - 5224

Open call:

Longs on Nifty can be initiated with a very strict stop loss @ 4907 and it can be converted to positional if Nifty spot closes above 4974 on monday for a target of 5166.

Nifty 06/10

2009-10-05T22:38:00.003+05:30

Even after a negative global cues our market sustained the selling pressure and closed above 5000 mark. Still some chance is left out for Bulls to defend it's direction. So Trade with the trend.

Nifty Future open call for the day:

Buy above 5022, SL 4994 Tgt 5046 - 5062 - 5074.

Sell below 4994, SL 5022 Tgt 4972 - 4948 - 4930.

My suggestion is don't get trapped with any position on either side. Just do only intraday trade. Some heavy weight stocks got bleeding today, so have an eye on it.

Nifty (05/10 to 10/10)

2009-10-04T22:00:00.002+05:30

Last close in Nifty is a Dogi formation, which indicates the indecisiveness going forward. I repeatedly insist for a fall during the past few days. Since because a mild correction at this time may pave the way to make new high's in market. I am not against longers, but this type of one side move, happens again may lead to panic some were in future.

As for as the global cues are concerned, almost all the world market has corrected over 2%. Friday holiday has almost saved our market from a certain fall. But SGX Nifty traded to a low @ 4930, which is an important support going forward.

Nifty Future levels for this week:

4889 - 4924 - 4974 - 5011 - 5036 - 5069 - 5091 - 5127.

Until 4889 holds there is huge possibility for a bounce back and a march towards 5224 is not ruled out.

Bet on Crude

2009-09-30T20:22:00.002+05:30

Repeated missile test from Iran has made US to take a tough decision very soon. That may even hit Iran's economic growth. But China and Russia much depend on Iran oil supply since they are the largest producer of crude.

Iran is the world's fourth-largest crude exporter and holds the planet's third-largest supply of proven oil reserves, according to the Energy Information Administration. The country exported nearly two and half million barrels of oil a day in 2008.

Despite being a huge oil producer, Iran lacks the refining capacity to turn all that crude into gasoline. Much of that gasoline comes from India. But barring a Security Council resolution, India isn't likely to stop these shipments for a few reasons: It's big business; India imports a lot of crude from Iran and India doesn't' want Iran getting any closer to China, India's long-time rival in the region; and India has its eye on getting natural gas imports from a huge field Iran controls under the Persian Gulf. (source news CNN)

So the coming few days there will be much fire around the world. After US reveling it's stand on Iran issue, our Country will face pressure clearing it's position. So friends have a closer eye on crude and scripts linked with it.

And we all know, what happened before when crude made it's life high. Beware of market move.

Short week

2009-09-28T20:59:00.003+05:30

This week we do have only three trading days. So the global cues may influence more on Indian markets. Asian markets has ended lower but Europe and US markets Trading Higher at this point. As of Now 4900 acting as a good support going forward. So don't expect any panic kind of selling unless this level holds on down side.

But RSI on Bank Nifty staying 90%+ . so be careful on Bank Nifty and personally i expect some correction in Bank Nifty.

Levels for this week:

4820 - 4886 - 4904 - 4932 - 4960 - 5016 - 5047 - 5132

Thumb's Down

2009-09-24T00:01:00.000+05:30

Bear's tasted a first victory of this contract. But that was limited and market's held to it's support and managed a bounce. US market churned ahead of FED's announcement later tonight. The fall was started with Bharti Airtel, which gained strength with suzlon, which got hit most on account of treasury stake selling.

As of me there is still some correction left out. But will be decided by the outcome of FED. Ahead of expiry, if Profit booking comes the slide may continue till 4820 levels. So trade lite, else avoid day trading today.

Nifty Future levels for the day:

4869 - 4924 - 4950 - 4974 - 5014

Open call for the day :

Sell Nifty below 4938 Tgt 4924 4869 4841 SL 4952.

A step ahead

2009-09-23T00:00:00.001+05:30

The upward journey continuous nonstop. Even the step is small, these are all crucial points. But always have an eye on RSI every day...after touching 5047 (Nifty future) the market corrected a bit, which shows the resistance at that point. Same way when market touched the Day high, Reliance was on the opposite side, making new lows for the day.

This uneven behavior of some largecap stocks maked index trading a bit tougher.. So intraday traders, particularly F&O traders always rush for quick profit.

Levels for the day:(Nifty Future)

4924 - 4959 - 4974 - 5024 - 5047 - 5068

Open call :

Short Nifty @ open, SL 5068 ... Tgt for the above mentioned levels. Take this short call only if Nifty Future trades below 5047 during opeing bell.

All above given levels are only Nifty September future levels.

NIFTY- Spot Light (22/09 to 25/09)

2009-09-20T19:00:00.002+05:30

Nifty has crossed and sustained above a crucial resistance at 4900 levels. Last minute positive breakout from ADAG stocks on friday adding hopes for further bull run. In the mean time Gold also standing near it's peak. Any break out will provide a huge up move which in turn may suck the funds flowing in share market. So friends just watch this, when ever the volumes turn low from here, we may see a correction(limited).

Short term longs can be held with a stop loss of 4886 and positional longs can be held with a stop at 4714. Friday shangai index once again tanked to 3% and monday we have to watch that index. Shorters didn't have a fair chance in this contract and the closing date is very near, so it's safe to stay away from option trading.

Nifty levels for the week (spot):

4820 - 4886 - 4930 - 4990 - 5047 - 5166 - 5224.

Don't expect any panic selling when Nifty sails in these level and in the worst case if breaks 4700 we may see a correction till 4353. All these should be taken as a supply area. Advance tax numbers denotes a healthy quaterly results up front.

If large cap stocks shows a healthy move then, long term investor's may be relaxed and continue their holdings for a better profit.

Terrible Market

2009-09-15T00:10:00.000+05:30

Haven't gone through the day's like what we had for the past few days. Total Index move had been arrested by some big sheeps. I was really fed up with the move happened yesterday. I can clearly say this again, a real fall is being prevented. It may be some operators work.

Don't rush in buying and this is not a bull move. Situation may change soon and we may see the real face of our market. Last year i was struck with long's in this same level. So basically i am avoiding trading, in these level. But from today i have decided to avoid markets completely till the trend gets clear.

So for small day traders (like me) it's my suggestion to stay away from markets. Even then some scripts are showing nice variation. So friends it's safe to go behind those scripts for some simple profitz.

Simple break down and break up levels are 4786 and 4890 (spot).

Dead End

2009-09-13T15:51:00.007+05:30

Just watch for this level and add short's to mint unexpected money on Index. Here i give you some scripts for this week. Follow that for a healthy profit.

Sell ICICI below 829 TGT 794 772. SL 838

Sell ONGC below 1172 TGT 1134 1116. SL 1190

Time out

2009-09-11T00:10:00.000+05:30

Nifty failed to sustain the morning gap and positive cues. Shed all it's gain in the later part of trade, profit booking ruled the markets. A correction is healthy at this point, to make a positive move later. Today is friday so trade carefully and have in mind, possibility of a heavy selling is not ruled out.

Nifty Future levels for the day:

4669 - 4717 - 4754 - 4783 - 4807 - 4849

Have a Happy week end.

Nifty - Spot Light

2009-09-09T00:10:00.001+05:30

Almost expected move yesterday and a flat close. I just want to repeat the same said yesterday... Short Nifty with stop loss 4847...Nifty short entry was done yesterday and holding 4600 put option.

Nifty future levels for the day:

4710 - 4754 - 4778 - 4814 - 4847

Friends if you hold longs, then hold with better stop loss... and follow strict stoploss for short's also.

Markets fired up

2009-09-08T00:27:00.002+05:30

Started of slowly, consolidated well and blasted out during final hour, at last 4800 has been tested. It's a Bull run or not but this is the fact we are almost staying @ 61.8% of total retrace level. Shall we initiate long? yes, if this level is defensed for 2 more days. Open buy call on Nifty achieved full target with ISPAT blasted almost 6%. Hope IFCI may do the same in coming days.

Option Script calls, which i gave on 30 Aug, done 100%++ in 5 days. In that Unitech completed it's mission and Suzlon almost near to the target.

Unitech investment 17000/lot, Profit 21000/lot.(closed)
Suzlon investment 6000/lot , Profit 5100/lot. (Active)

Hindalco did not give entry itself. So consider that as closed.

Nifty future call for today:

Sell Nifty at high's to 4832 SL 4847.... Tgt 4754 - 4710 (intraday).

A foot ball Game

2009-09-06T21:53:00.004+05:30

Markets are behaving like a foot ball which is struck to both ends of the coat and not able to make a single goal. But the side which make's their first goal will be the ultimate winner of this game. Here forward players are taking the ball and defensive players waiting for their chance. I am defensive as of now.

On friday Nifty obeyed the gap zone @ 4580 and bounced from there to reach 4700 level. Lot of stocks showed upper move. Particularly IFCI given a bullish break out. Short term investor can eye on ISPAT also.

Nifty Future levels for Monday:

4606 - 4644 - 4668 - 4694 - 4714 - 4744

Nifty Future call for the day:

Buy above 4710 Tgt 4738 - 4754.... SL 4694

Sell below 4666 Tgt 4644 - 4618.... SL 4688

Friends trade safe and have a great day.

Three Black Crows

2009-09-04T00:10:00.000+05:30

This is the gap zone to watch out for. This area may offer support for the Bulls. On the other hand Bears gained momentum from the formation of THREE BLACK CROWS.

The chart indicates the formation of the Black crows, which indeed is a heavy bearish reversal signal. Any break below 4532 will lead to blood bath in our markets.

Nifty future levels for the day:

4542 - 4566 - 4580 - 4624 - 4644

Run to hide

2009-09-02T00:10:00.000+05:30

A game using markets was done yesterday also. Superb fall which was created once again at 4700 levels has taken 3% in no time. Still who believe that this is a pause before Bull run can go long. But my advice is trade safe with strict stoploss.

At this time when i write this article US markets is tanking over 2%. So once again i repeat the words i said yesterday... A gap down below 4582 will pave the way for shorters, if that happens then today's close of 4616 will be the stoploss for shorts.

Nifty future levels :

4533 - 4554 - 4572 - 4616 - 4657

A possibility of closing at 4566 is what i expect today. It's just my assumption.

Consolidation periods

2009-09-01T00:10:00.001+05:30

Our Markets are on consolidation phase.. Unable to find any particular direction. So day traders should trade with utmost cautious. Yesterday our recommendation on UNITECH blasted out and generated almost 100% profit ( 18,000/lot). Hold all those (Hindalco didn't give entry point) and just wait for the targets.

Today possible break out and break down levels are 4624 and 4694. Any gap down below 4582 will pave the way for shorter's.

What's next?

2009-08-30T22:05:00.000+05:30

Better don't struggle with the trend.. Just initiate your calls with a fixed stoploss and be relaxed. I give some option script today for this month. Traders who have enough margin alone should enter in these scripts. But remember the worst is not yet over.

Buy suzlon 110 call option @ 2 rs, Tgt 4.8 rs.... Stoploss 1.15 rs. (3000 shares/lot)

Buy Unitech 110 call option @ 3.75 to 4 rs, Tgt 8.5 rs ... Stoploss 2.25 rs. (4500 shares/lot)

Buy Hindalco 115 call option @ 3 to 3.25 rs, Tgt 6.5 rs... Stoploss 2 rs. (3518 shares/lot)

All these option trading involves considerable risk. So friends trade safe.

Try some scripts

2009-08-28T00:10:00.002+05:30

Buy Rel Cap above 837 . Tgt 854 and 869..... SL 825.5

Buy Tata Steel above 439. Tgt 448 and 459.5.... SL 427

Short term delivery call : Buy ALOK Textile for a tgt of 28 to 29.50. Stoploss 19.50 on closing basis. (10 to 14 trading days time)

On for next move

2009-08-26T00:10:00.000+05:30

Markets managed the morning selling pressure and took an U turn @ 4580 level and crossed the day high with smart volume. In the mean time Nifty has obeyed the gap zone created on monday and closed well above the previous closing.

Even 4688 is not crossed, Nifty future has touched 4681 once. All these suggest for a big up move in coming days. If world markets trade in green then we may see Nifty above 4700.

Levels for the day : (Nifty future)

4633 - 4666 - 4688 - 4737 - 4770

Longs can be initiated above 4690 with stop loss @ 4666 and can tgt for 4737 and 4770.

EXPECTING A SLIDE

2009-08-25T00:10:00.000+05:30

Friends today markets behaved as we expect. But a little worry is that 4680 level is not crossed today, i feel a selling pressure may arise if 4688 in Nifty spot is not crossed.

Levels for 25/08/09 - Nifty future levels:

4556 - 4574 - 4602 - 4633 - 4666 - 4688 - 4717

So my call for tuesday (25/08/09) on Nifty is, Short Nifty on raise to 4688 with a stoploss @ 4717 and tgt for 4602 - 4574 - 4530 (Nifty future levels)

Follow stoploss very strict

Market View on 24/08/09

2009-08-24T00:10:00.001+05:30

Nifty has managed to close above a great Resistance level of 4490. Now it's on the way to fill the gap created on last monday. US market has closed on a strong note above 9500, which indeed may provide us a gap up opening.

Friends i suggest you to go long only if Nifty stays above 4568 for 15 minutes. Intraday longs can be initiated after that with a stop loss @ 4555 and tgt for 4633.

Levels for the day :(Nifty future levels)

4527 - 4555 - 4562 - 4588 - 4633 - 4666

Me the escape

2009-08-21T00:10:00.000+05:30

I felt a bit relaxed, since i was not there for trading yesterday. But it was terrible when i saw the charts. Some thing is gonna go wrong, but never know on which way. Lot of minute things is there to watch on yesterdays market.

More stocks made a dogi pattern in EOD chart.
Over all gain in the market resulted from nothing.
4500 and 4600 put's has not broken it's open and high rate.
Mini Nifty defended it's open and low point.
Aug future in Nifty opened at 4444 where as sep future opened at 4500.
Bank Nifty ran high, where as bank scripts did not.
Bank Nifty also defended it's open and low point.

More over 'n' number of tops and bottom over these four days. All these suggest something is on the card and that is big.

Avoid trading, until we get answer for these questions.

Need a break

2009-08-20T00:10:00.001+05:30

Nifty struggling between a trading band. Safe traders never like this kind of markets. So today i just decided to give 3 important levels. Go long above green and short below red.

4352 - 4420 - 4510

(All Nifty spot level)

Trader's Market

2009-08-19T00:10:00.001+05:30

This Month it was entirely for day traders. Wild swings rule the markets. But yesterday it was very much on the expected lines. I have chosen Hindalco, HUL and RNRL for short term delivery calls. All the three was up yesterday, and i hold those scripts for a profit target of 25 to 30%.

Yesterday high point will be the crucial level for today. And still i am bullish on Nifty, that the high point of this year may be broken. But day traders always look for Today and not for Tomorrow. The levels which i give in red is very important support, green is mild resistance and blue means harder resistance.

Levels for today:(Nifty Future)

4424 - 4448 - 4466 - 4494 - 4502 - 4511 - 4562

Perfect sell off

2009-08-18T00:10:00.001+05:30

Yesterday Nifty managed to break an important support @ 4482. I was in the view that 4447 may hold to go long. But selling happened at every possible raise. Last hour attempt was also not up the mark.

Today an important level to look for is 4348. Nifty spot if holds this level, then a bounce may be expected. Longs on Nifty can be initiated above 4422 level only.

Levels for today :

4321 - 4348 - 4380 - 4422 - 4447 - 4469 - 4492

Monday Sickness

2009-08-17T00:10:00.000+05:30

Today not much to say about our markets. As since our markets is struck in a band of 4300 to 4700 it's quite tough to take positional call. Mentality of traders are on very safer side now. So if anything can happen, that may happen in unexpected time.

Today unless 4492 on Nifty spot holds, day traders can hold their longs. But due to US markets slide, we may get a gap down start today. Recovery depends on the interest of FII, who were net sellers in resent past.

Levels for the day:

4487 - 4516 - 4555 - 4577 - 4591 - 4633

A Drastic Bounce

2009-08-14T00:01:00.006+05:30

Long expected recovery has started today. After a gap up and back of positive global cues our market showed it's strength and closed well above 4600 mark. But still large cap stock are not up to the mark. Bounce from those scripts will give the strength for our market to cross 4700.

Today i expect the positive moment to continue. But it's being friday i usually avoid trading.

Above 4636 Nifty future will touch 4669.

If 4687 is held then intraday short can be made with the same as stop loss for 30 to 45 points on downside.

PROUD TO BE AN INDIAN

Advance INDEPENDENCE DAY wishes

IIP Glooms

2009-08-13T00:10:00.001+05:30

That was really a fantastic moment when IIP data was released. Even in this terrible time of financial melt down, our country was able to fetch something. 7.8% finer than expected. More over consumer durable goods jumped to 15%, which had not happened for the past two years.

Some positive anticipation on FED announcement on Housing taking US market higher at this point. If the high's are held then we may expect this positive momentum to continue on our markets.

Crossing 4508 in spot may take our markets to 4572 and 4619 levels.

FED's direction

2009-08-12T00:10:00.000+05:30

Because of FED's meet our market was volatile through out the day till last minute. Today we will get to know what will be the reaction for that. But if Nifty spot crosses 4508 longs can be initiated for today.

Stock call:

Buy Hero Honda @ 1400 to 1442 with stop loss placed at 1374. It's a short term positional call for 15 to 20% target.

RNRL is running out of volume. So any day if volumes rush inn then that stock may blast out. It's a holding script at current valuation for longer term.

Levels for the day:

4438 - 4469 - 4482 - 4517 - 4555 - 4576

Patience may fetch us

2009-08-11T00:10:00.001+05:30

This is the word i can say after the market move that has happened yesterday. I was hoping for 4414 level to act as a strong support. But once again markets proved, it is superior than a small traders like me :) . After market correction has taken Nifty to 4434. It really surprised me since the correction was almost 40+.

At present i hold long positions only and suggested call option in a particular script to few of my friends. I have decided to wait till this week end with a closing stop loss @ click here.

Levels for the day :

4414 - 4438 - 4462 - 4488 - 4524 - 4558.

U Turn

2009-08-09T22:35:00.002+05:30

I expect our markets to take a U turn on Monday and get back to their track again. This may happen if Nifty crosses 4540 during first hour and closes above 4600 mark. Investors can enter here with 4414 as stop loss. But a hint of caution is advised at every raise.

Levels for today :

4462 - 4486 - 4520 - 4551 - 4578 - 4607 - 4644.

Clean Sweep

2009-08-06T00:10:00.005+05:30

It was just a give and take policy when Bears swept the Bulls out of the ground. Again 4720 turned out to be a magical level, using which operators saw a huge profit. Everything was on their way till 2.40, after which Auto sector set the tone. Even now bets are on for 4850.

This is the game of big sheep's. Small traders will be blown off with the wind. Last two day's i was having the same illusion, which had happened yesterday. So better book quick profit in every trade. I am saying this repeatedly, but even after this one of our friend missed to book 55 points profit in Nifty, resulted in a loss of 70+ points. So please follow stoploss and trade for simple profit.

Levels for the day: (Future levels)

4524 - 4552 - 4589 - 4631 - 4648 - 4682

Remember Positional short can be created only below 4414 and longs above 4733. Until then, do only day trade for small Profit.

Give and Take policy

2009-08-06T00:10:00.002+05:30

Still the market was not able to surpass 4700 mark. But buying emerges at lower levels, and Reliance has closed in a good point which indeed can take that stock to 2200 levels. Suppose our market opens gap up above 4740 then Bull run will resume back. Personally i expect 61% retrace level in Nifty to be tested.

Open call for the day :

Buy ONGC 1200 call at dips and hold it for a day or two. Can gain a descent profit in that.

Levels for the day :

4652 - 4677 - 4694 - 4723 - 4744 - 4777 - 4790.

Neck to Neck

2009-08-05T00:16:00.003+05:30

Even on the back of good global cues our market was not able to get a good start. This was simply due to the reduced trading interest. Low volume trade is an irritating factor. Day traders can't fetch anything in these kind of days. We can say Nifty is struggling at around 4600 to 4700 mark.

I have a mild doubt in my mind, which is stopping me to take any positions. It is safe to take only intraday positions till next week end. Use only 50% of your trade capital and back up the rest.

Just have an eye on Reliance every day. Today i expect a correction on that stock if breaks 1995.

Levels for today:

4589 - 4601 - 4622 - 4635 - 4666 - 4691 - 4717

Buy or Sell

2009-08-04T00:10:00.001+05:30

This is the million doller question that we have in front of us. Nifty has completed all of our expectations and closed well above 4700 level. So can we initiate longs? Yes i will say if this happened with volumes. Still i have a mild doubt in my mind that, a small correction is still intact.

See the following chart :

As per this chart Nifty has almost completed a Cup and Holder pattern. The result from this is 5200 to 5400 level. For Reliance, if closes above 2059 then possible target will be 2241. Else a fall towards 1588 is unavoidable.

But RSI is favoring a mild correction. So if opens gap up then short Nifty at high's with 4811 as stop loss. This is only for intraday. Before entering short, just see the level in which Nifty is pausing.

A Strange thing. All Ambani group shares are trading below or on SMA. I mention this because, normally these shares will be the out performer on Market raise. But now these are the main under performer. So be cautious.

Levels for the day:

4646 - 4668 - 4691 - 4717 - 4752 - 4778

To judge the direction during market hours just follow the below given heat map.

Nifty for 4850?

2009-08-03T09:35:00.003+05:30

A strong close above 4600 levels on Friday. Now this has to hold up for some more time today. Keeping 4589 as stop loss one can initiate long positions. Till one more major hurdle @ 4717. So do only intraday trade unless that level also crossed.

Todays Level :

4558 - 4589 - 4610 - 4638 - 4666 - 4691

Friday lot of people given me the right answer. Yes he is our Nation's father Mahatma Gandhi, in his younger age.

Be Relaxed

2009-07-31T00:09:00.005+05:30

Today don't fight with the markets. Just enjoy your week end. There won't be any point in taking a trade if markets moves between 4380 to 4638 levels. Instead i gonna give you a simple quiz.

Just find out the person given in the below snap. He is well known to us, one of our friend has sent this. Those who give the correct answer will receive a special call on monday ;) .

Send me the answer in comment box. Happy week end to all .

Turnover tops

2009-07-30T00:10:00.002+05:30

Break down point which will kill the Bulls is

The third highest turnover ever for our indian markets has been recorded on 29/07/09. When ever this kind of strange things happen, then our market may find a terrible new direction (one way movement). But this is not technical. Then yesterday the strength of our markets was tested once again, which has resulted about almost 4% fall.

Technically we have entered in Bear zone. Today if opens gap down then after a small recovery market will trend to go down only. So short on raise, by keeping a broader stop loss @ 4717.

Levels for the day :

4414 - 4438 - 4462 - 4488 - 4404 - 4524 - 4558.

Low fuel warning

2009-07-29T00:10:00.001+05:30

Markets lost it's upward momentum. Lot's of announcement, argument during market hours making it tough to take a trade. World markets are also under going flat trading days. But remember one thing, none of those markets lost their gains.

Low rollover suggest covering of positions. This expiry will be important. But a close around 4665 is not yet ruled out. Avoid trading today if markets plays between 4524 to 4617.

Important direction points :

Break out on either side will provide us a direction.

A flat day

2009-07-27T23:56:00.003+05:30

Even after a 5% slide from Reliance, our markets was able to hold their gains. It was midcap sector outperformed the day and prevented a possible slide. Now Bulls turned defensive mode, if fails at some point then the attack from the Bears will be very heavy. so cautious advised.

Option traders can close their july contract today and then can enter in to next month contract. Coz rollovers are very less, so the premium will be reduced drastically.Up move in Nifty is possible only if crosses 4638.

Levels for the day:

4524 - 4558 - 4574 - 4599 - 4607 - 4618 - 4638 - 4666

Reliance vs Markets

2009-07-27T00:10:00.002+05:30

It's going to be a day of war. Never know who's gonna win. Disappointing set of numbers from Reliance is the cause for this. Who ever wins, our friends gonna enjoy the day with the options they hold in their hand.

Tuesday is RBI's day. so try to close all the positions one by one. Never wait till the contract closing date.

Do or Die levels :

The Magic wind

2009-07-23T23:58:00.002+05:30

The review of yesterday is given above in our news paper ;) . It's friday, so a mark of safety is advised. RIL if crosses 2074 in opening bell then 2192 is possible today itself. Grab RPL for 150+ (positional).

Given Hedging call yesterday. Those who has followed that will be the happiest person in the world today. Hold both option till monday. Unexpected money of your life time.

Levels for the day :

4494 - 4557 - 4599 - 4638 - 4666 - 4679

A close any where near 4650 will provide a Kick start during Monday to cross 4700 mark .

A game with Money

2009-07-22T23:05:00.002+05:30

Finally this was all needed. A matter of few minutes, market has lost all it's gain done during opening session and ended deep in the red. On a normal view, this is just a fall around just 2%. But if we consider from the high, the fall is about 5%. This wont happen in BULL market.

Now we have to look in to this fall very carefully. If this is a created one, then market should open a bit gap down tomorrow, say around 4375. If market bounces from there then blindly go long keeping 4350 in spot as stoploss. Don't look in to any technical,Just float with the direction of the market.

Levels to watch out:

4297 - 4333 - 4352 - 4391 - 4414 - 4444 - 4472

For those who made loss (if any) with my call, just take the following hedging position, each one lot (total amount will be around 10k) and hold it till monday afternoon.

Buy ICICI 700 Put option with 800 call option.
Buy RIL 1800 Put option with 2040 call option.

Try to buy each option in lower rate. No stop loss for this and just blindly carry to monday. Break out either side will fetch you a huge profit. Exit rate will be informed through messenger.

Cat on the wall

2009-07-22T00:49:00.002+05:30

Again our market started behaving on a sluggish manner. But it is trying to indicate us something and buying emerging in every possible dip. It is contradictory to my view. Reliance industries to post the result on friday and ICICI on saturday. These two major result will provide us a clear direction. Untill then limit your trade to half of your usual trading volume.

Those who hold short positions can cover as soon as possible with limited loss or profit. Today if RIL breaks 1994 then it may fall up to 1952 level. Nifty yesterday failed to cross it's previous day high. Today's trading range will be between 4414 to 4523. Break on either side will provide us a direction.

A day without loss itself is a greater profit. So safe traders please avoide this week.

It's not a bull run

2009-07-20T23:15:00.003+05:30

Don't rush in buying at current levels. Some things are left behind still. Nifty has closed above 4500 level today. Tomorrow also if market manages to close above 4500 level, then consider going long.

Else short, short, short on every raise.

Here are some script to go short. Please follow stop loss strictly.

ICICI bank short entry stop loss 799
DLF short entry stop loss 366
ONGC short entry stop loss 1067
Rel Cap short entry stop loss 904
Rel Infra short entry stop loss 1182

Unless Reliance industries breaks and close above 2084, I don't believe this up move. The above given entries are just my personal views. So traders can verify with their own source before entering in any positions.