A caring touch...

A trucker relates that he was traveling through rural North Carolina on 1-95 when a brown sedan merged onto the highway. It weaved back and forth between lanes, causing the driver of the truck to shift into a lower gear. At first he thought the driver was drunk, but when he came closer, the trucker saw an old man shaking uncontrollably behind the wheel. He noticed a Citizen's Band aerial whipping to and fro as the car jerked between lanes, so he called on the radio: "You in the brown Chevy, if you can hear me, pull over. Pull off the road!"

Amazingly, he did! The trucker pulled up behind the car and climbed from his cab. The elderly man staggered from his auto and fell into the trucker's arms. He poured out a story of months of fear and pain that accompanied the illness of his only daughter.

Nifty comes off the highs inspite of the 1st day...

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

I have given 3 viable options as per EW possibilities.
1. Most bullish: An "abc" correction completed @ 5202 and a new uptrend is on.(Monthly may confirm it).
2. Mildly bullish: A complex "B" wave unfolds which can take the index upto 5380+.
3. Bearish Short term: A brief rise upto 5285 to 5325 and the fall resumes to 5100.
In all the three, the short term seems to be UP. One can close the shorts and stay long with 5225 as S&R and raise the same as the market goes up. OR
Keep holding the short with a S&R @ 5330.


Thank You All for your contributions on Option Strategy.
My critic pointed out (punctured) an error and I have corrected it accordingly. It does not look quite attractive now.
Due to a long weekend, I may get tied up for the day and visits will be minimum. Trade light.

Nifty ends the settlement with gains.

A reader has sent a query asking if the following "Option strategy" of his is worthwhile.
As I am not much of an option strategist, I would welcome opinions from those who have experience in option strategies. I have put them in a table below:

The corrective upmove can extend to 5280-5290 and the selling may emerge from there on.
But a firm close above 5275 may change the short term to "UP" again.
The tussle would be between 5240 to 5280.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Nifty Turns DOWN.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Break of "Hour Channel" prompted to initiate "Sell @ 5310" aggressively as the TA sell would come either @ the break of 5260 or on a close below 5296.
"Bizagra, Pisreport " are maturing in their confidence levels to initiate such trades.
Break of 5260 would confirm the break of the rising channel from 4675 and a larger correction calls for fibonacci retracements:
38.2% @ 5123;..... 50% @ 5037;...... 61.8% @ 4951.

Nifty's two doji at the resistance zone...Indecisive..

Nifty Intraday Update-II

Staying below 5312 for more time will weaken it towards 5250.

Nifty Intraday Update

Nifty Premarket View.

Nifty's corrective upmove continues in a sluggish way..

If it is a "Flat" correction, a broad trading range of 5400 to 5150 may emerge.

Nifty Intraday Update-II

Nifty Intraday Update-I

Dear Rajagopal,
Of the 11 scrips that I chose for stockwealth, 9 scrips have touched or crossed the projected highs, RIL being news driven excempted. Few have sharply come off their highs... the "OB" banking stocks.

Nifty PreMarket View.

Short term longs are safe as long as this channel holds. Use the POC-5304 to hold your positions as this would act as a pivot. Aggressive shorts should exit at the open or on a small pull back.

Weekend Review of rajagopal's T.A & Analysis with Aarvee.

Rajagopal has been working hard at improving the "Stock trading levels" continuously and he has achieved tremendous amount of accuracy with his various inputs. Below is the chart showing "Friday's Actual High & Low v/s the Projected Levels". I invite everyone to go through these files to make some serious money..
Aarvee's Analysis: Last Weekend Analysis came out well on the trading anvil with Personal observations (other than TA) proving to be just ‘Wishful Thinking’ .This week is expiry week of the April series with large rollover pending (of appox 1.5cr Nifty futures),it’s expected to be volatile with influence of results season and rollover.

The Daily and Weekly Moving Averages as well as Indicators are bullish with Last Closing above both Daily and Weekly close 5dema and 20 dema .
There are indications of an upmove above approx.5330 levels (above Weekly high ema,5324 and PSAR,5337 ) that can extend to 5390 level (Bollinger Band upper limit).
Below the important level of approx.5275 (Daily & Weekly close 5dema), the supports come at approx.5220 levels (2D swing low and highest volume area in 5D Vol.Profile charts),breaking which can get support at 5180 levels (Weekly low ema and 50 dema).
The Open Interest position has largest build up at 5200 strike in Puts and 5400 strike in Calls with increase in 5200 Puts O.I. and decrease in 5400 Call O.I. this week ,suggesting a strong support near 5200 levels.So,the probabale Trading Range for the coming week,that will witness max.action can be 5220-5330.