Nifty's memorable week..

A pleasant memorable week for those who traded the trend and a miscerable week for those who anticipated a reversal...










By falling below 3600, Nifty has entered into a new trading area where the range is likely to be 3600/ 3550 to 3000 / 2950 /2850.

Nifty's short rallies followed by deeper plunges..

The 11% Rule..for investing

I learned from Mr.Vivek Patil's postings that when you get good company's shares at 11% value of their peak, its worthwhile to invest in some good quality stocks for very quick gains.

Here is a link for you to get all the stocks that are quoting at 11% or a little above off their peak values.You can visit this page everyday to get more such stocks falling in that category.

Some of the good companies I know and trading at 11% are.......India Bulls, JSW Holdings, HDIL, Walchand People, DS Kulkarni, UB Holdings, Bajaj Holdings..

One word of caution:- The above buying for trading purposes only wherein you may get very good returns in a very short duration..Downsides from here are are limited. Persons who only invests can also do it but in gradual phases.

Visit the Moneycontrol statistics page, you may find good information to get richer.
Information is wealth..

Nifty's intra rallies continues..

As the market seeks lower levels, short intra rallies continues...and closed above 3500.

Wishing everyone a happy Dassera.

NIFTY breaks 3500...

All hourly & 5.Minute positive divergences vanished in a swift fall..Hold shorts if you have any..Close to 3000 levels or below expected.. Hourly that attempted a reversal yesterday in the last hour gave in to the larger daily & weekly downtrend. Now 3500 becomes a major resistance point during any rallies. With intermittent choppy rallies we should head to 3000 levels.

Though we have been in down trend since 6357 top with intermediate rallies and impulsive downmoves, for a day trader, there are only intra bounces to trade or in a flat opening a shorting opportunity and if any short term negative divergences, then there is a short positional trades.

I plan to just post the charts without much commentary unless absolutely warranted. The Tech. Table and charts are easy to read and I feel the commentary only kills your own perception of the market.

Nifty's limited intra rallies..

Morning Update:- (This space will be updated in the morning based on world mkt cues):
1.U.S.Markets:-U.S markets down 5 % and closed at its lows.
2.Asian markets :- Down 4 % at their lows of the day
3. Nifty is expected to trade:- With SGX Nifty at 3500 and a holiday ahead, we are likely to open at 3500 and any fall below 3480 may lead to more sharper falls.
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There is positive divergences in Daily, Hourly, 5-Minute charts. Only Minute & Hourly have closed above emas confirming a positive divergence .However, daily confirmation will come on a close above 3750 for tomorrow. Choppy movements likely to continue, trade accordingly..Larger trend remains down with hourly trend attempting a reversal at the last hour..

As long as 3500 holds, then the Nifty moves may be expected as in the chart below.Any sharp fall may change the picture.

Nifty..Highly oversold..!!

Morning Update:- (This space will be updated in the morning based on world mkt cues):
1.U.S.Markets:- Fell intra by 8%, but bounced off their lows to close 3.6% down.
2.Asian markets :- Mostly off their lows (at 8.00 A.M)& Sgx Nifty is + 20 points.
3. Nifty is expected to trade down to up for the day.Larger trend remains down.
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If Nifty has to keep the bullish scenario, the rally must commence in the region of 3500-3550 zone. Failure to find support at these levels will open the more bearish scenario leading to more severe falls.