Friday, April 30, 2010
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.
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.
Thursday, April 29, 2010
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.
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.
Wednesday, April 28, 2010
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.
"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.
Tuesday, April 27, 2010
Monday, April 26, 2010
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-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.
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.
Sunday, April 25, 2010
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.
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.
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.
Saturday, April 24, 2010
Don't put this off to another time, please..
After 25 years of marriage, I discovered a new way of keeping alive the spark of love. A little while ago I started to go out with another woman. It was really my wife's idea.
"I know you love her," she said one day, taking me by surprise.
"But I love YOU!" I protested.
"I know, but you also love her."
The other woman my wife wanted me to visit was my mother, who has been a widow for 39 years. The demands of my work and my two children had made it possible to visit her only occasionally. That night, I called to invite her to go out for dinner and a movie.
"What's wrong, are you well," she asked? My mother is the type of woman who suspects that a late night call or a surprise invitation is a sign of bad news.
"I thought it would be pleasant to pass some time with you," I responded. "Just the two of us."
She thought about it for a moment, then said, "I would like that very much."
"I know you love her," she said one day, taking me by surprise.
"But I love YOU!" I protested.
"I know, but you also love her."
The other woman my wife wanted me to visit was my mother, who has been a widow for 39 years. The demands of my work and my two children had made it possible to visit her only occasionally. That night, I called to invite her to go out for dinner and a movie.
"What's wrong, are you well," she asked? My mother is the type of woman who suspects that a late night call or a surprise invitation is a sign of bad news.
"I thought it would be pleasant to pass some time with you," I responded. "Just the two of us."She thought about it for a moment, then said, "I would like that very much."
Friday, April 23, 2010
Nifty PreMarket View.
In reply to "Aarvee's" probing:
1. Short term trend continues to be up inspite of yesterday's intra sell off as Nifty stays above 5ema/sma & stochastics too trending up. Hence, it is presumed that the "B" wave is still unfolding as shown in the chart.(Will be confirmed when 5342 is crossed).
2.I have also marked an alternative "B" ending at yesterday's peak and market may retrace part of the fall upto 5295-5315 & may resume the correction.
I have also marked in two "circles", a likely repeat of the correction but with higher volatility. The smaller circle had 5220 to 5260(40 points) while this one may have 5250 to 5330(80 pts).
In the larger EW possibility, I have two possibilities:
1. Nifty has done the 4th wave @ 5165 and is in its 5th wave (Stocks such as Tata motors, banks are doing it)
2. Nifty has completed a 5-waves @ 5400 and correcting the entire upmove from 4675 to 5400 in an "ABC" correction wherein the "A" is done @ 5165 and the "B" wave is on (Or done @ 5340..??) and after completing the "B", the "C" wave will unfold targeting 5090 or 4960 which will provide a good "Buying opportunity". (However, we'll reserve that decision looking at the TA positioning as well as other internals at that time).
The S&R @ 5258 suggested yesterday may be reversed as it has not affected the TA set up yet.
1. Short term trend continues to be up inspite of yesterday's intra sell off as Nifty stays above 5ema/sma & stochastics too trending up. Hence, it is presumed that the "B" wave is still unfolding as shown in the chart.(Will be confirmed when 5342 is crossed).
2.I have also marked an alternative "B" ending at yesterday's peak and market may retrace part of the fall upto 5295-5315 & may resume the correction.
I have also marked in two "circles", a likely repeat of the correction but with higher volatility. The smaller circle had 5220 to 5260(40 points) while this one may have 5250 to 5330(80 pts).
In the larger EW possibility, I have two possibilities:
1. Nifty has done the 4th wave @ 5165 and is in its 5th wave (Stocks such as Tata motors, banks are doing it)
2. Nifty has completed a 5-waves @ 5400 and correcting the entire upmove from 4675 to 5400 in an "ABC" correction wherein the "A" is done @ 5165 and the "B" wave is on (Or done @ 5340..??) and after completing the "B", the "C" wave will unfold targeting 5090 or 4960 which will provide a good "Buying opportunity". (However, we'll reserve that decision looking at the TA positioning as well as other internals at that time).
The S&R @ 5258 suggested yesterday may be reversed as it has not affected the TA set up yet.
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