my VIEW ON NIFTY -and a potpourri of thoughts

[sam1121938]

hi

So far I had been writing of the trajectory of Nifty move on another thread.

I am sure that the readers of the forum would have found mostly my views were correct.

As I find repeated call on various stocks , mostly bbullish, It has become necessary for me to high light the likely behaviour of the nifty as and when I find it necessary.


SO
I find that the nifty fall may get accentuated from now on because the Chikou span is trying to braeach the price line downwards .. once it breaches the price bars , we can be sure that there would be a considerable fall further.

As I have already stated elsewher, nifty touched 6380 and is now in a critical moment.

If nifty breaches the price bar , then it can touch 5349 and when 5349 is touched then we shd perhaps see 5222 and the worst scenario as i see now is 5027 which can happen betwee 18th February to 2nd March 2011. it coincides with the budget time. So be cautious if you want to invest on long term .



On the contrary , a rally called budget rally can happen and then S&P CNX Nifty will touch 5577 . before falling again.

So we have to play between 5000 and 5600 accordingly u can work out a strategy in futures.


As the Global scenario is still not out of the woods , coruption and scams looming large in our country and the 2g scam will be pointing the fingers towards Manmohan and sonia soon, the balance of convenience is in favour of a down trend .


At this point of time it is better to sit on cash,. Many brokers are getting panicky as their stakes are becoming a burden in view of this fall,therefore they are making bullish calls to buy..And if the investors buy , then they are waiting to dell their stakes to cut their losses.

In the year 1933 (i am not very sure about the date , but somewhere around) USA confiscated the American Citizens gold at 27$ an ounce under a certain law and after seiging the citizens gold, ornaments and gold coins etc announced the price of gold to 37 $ thereby cheating their citizens, later this law was revoked after the operation was over .

Todya there is a talk going round that USA is planning to do the same by 2012. And in us books the gold is about 45$ an ounce where as the prevailing price is about 1500$. On account of the fact that china and india are sitting on huge dollars reservs , china is acting as bankers to usa to day. And China who has been a creditor to USA by buying the American Govt Bonds is jittery as to whether these bonds will ever be bought by GOVt.Today USA is printing dollars and we are sitting with those printed money.So it is rumoured that USA is planning to take possession of all the gold from its citizens around 2012. at a low rate. As us economy falters and the us dollar"s status as world standard currency will be threatened , a new standard has to be evolved . And most probably , it will be gold.

If that happens then gold is going to shoot up to 2500$ an ounce .

So the best thing for us Indians to start buying gold in a systematic investment plan from now on . It can be as physical gold . Buy gold at every dip. is my reco. And silver too


sagi:D

[sam1121938]

hi



SO
I find that the nifty fall may get accentuated from now on because the Chikou span is trying to braeach the price line downwards .. once it breaches the price bars , we can be sure that there would be a considerable fall further.

As I have already stated elsewher, nifty touched 6380 and is now in a critical moment.

If nifty breaches the price bar , then it can touch 5349 and when 5349 is touched then we shd perhaps see 5222 and the worst scenario as i see now is 5027 which can happen betwee 18th February to 2nd March 2011. it coincides with the budget time. So be cautious if you want to invest on long term .



On the contrary , a rally called budget rally can happen and then S&P CNX Nifty will touch 5577 . before falling again.

So we have to play between 5000 and 5600 accordingly u can work out a strategy in futures.


As the Global scenario is still not out of the woods , coruption and scams looming large in our country and the 2g scam will be pointing the fingers towards Manmohan and sonia soon, the balance of convenience is in favour of a down trend .


At this point of time it is better to sit on cash,. Many brokers are getting panicky as their stakes are becoming a burden in view of this fall,therefore they are making bullish calls to buy..And if the investors buy , then they are waiting to dell their stakes to cut their losses.

sagi:D

hI

There is no change in my views on NIfty.


It is further strengthened by the fact that the open interest in put 5000 has increased enormously.


The stocks are becoming attractive , and like i too am waiting to start investing in the market.


But to invest stocks is like catchiing a falling knife.

So I bide my time and wait for the clear signals for market recovery to invest in fundamentally good stocks . In this method , i may not be able to catch the bottom , but my hard earned money will not be eroded .

When I do that i will also confide in this forum , becos the age old maxim that "United we stand, Divided we fall " can never be more true than now.


sagi.:D

[sam1121938]

hI

There is no change in my views on NIfty.


It is further strengthened by the fact that the open interest in put 5000 has increased enormously.


The stocks are becoming attractive , and like i too am waiting to start investing in the market.


But to invest stocks is like catchiing a falling knife.

So I bide my time and wait for the clear signals for market recovery to invest in fundamentally good stocks . In this method , i may not be able to catch the bottom , but my hard earned money will not be eroded .

When I do that i will also confide in this forum , becos the age old maxim that "United we stand, Divided we fall " can never be more true than now.


sagi.:D

hi

NIFTY IS BELOW 5349, MENTIONED ABOVE .

The chances for accumulating stocks for long term investment are getting better.

As I pointed out there could be more downfall.

Anew scam involving devas media who was alloted rare spectrum at throw away price resulting in loss of 2lac crores to treasury , I hope that a Hercules is needed badly in India to "clean the aegean Stables".

We common man labour hard agaist for ekeing out our livelyhood and pay heavy taxes to the GOVT only to be swindled by crooks who rule us.

There seem to be no check and balances in our governing system and no punishmewnt to scoundrels running the country and naturally the sentiments in the stock market attains new low everyday.

I would like readers to rate my thread as often as possible!

sagi

[sam1121938]

hi

NIFTY IS BELOW 5349, MENTIONED ABOVE .

The chances for accumulating stocks for long term investment are getting better.

As I pointed out there could be more downfall.

Anew scam involving devas media who was alloted rare spectrum at throw away price resulting in loss of 2lac crores to treasury , I hope that a Hercules is needed badly in India to "clean the aegean Stables".

We common man labour hard agaist for ekeing out our livelyhood and pay heavy taxes to the GOVT only to be swindled by crooks who rule us.

There seem to be no check and balances in our governing system and no punishmewnt to scoundrels running the country and naturally the sentiments in the stock market attains new low everyday.

I would like readers to rate my thread as often as possible!

sagi

Hi

5349 is breached . the next interim support is 5319 for s&P cnx nifty

sagi

[sam1121938]

:(hi

So far I had been writing of the trajectory of Nifty move on another thread.

I am sure that the readers of the forum would have found mostly my views were correct.

As I find repeated call on various stocks , mostly bbullish, It has become necessary for me to high light the likely behaviour of the nifty as and when I find it necessary.



At this point of time it is better to sit on cash,. Many brokers are getting panicky as their stakes are becoming a burden in view of this fall,therefore they are making bullish calls to buy..And if the investors buy , then they are waiting to sell their stakes to cut their losses.


Buy gold at every dip. is my reco. And silver too


sagi:D

HI

Just go back to the earlier pages of the recommendations by the Brokers . They made extraodinary bull calls giving unimaginably high targets just to lure the gullible investors.

That is why I though it is necessary to caution allreaders.


Just read the old messages(thankfully DMBLOGGER had been giving the calls by brokers . just study at what cmp they reco ed and what is the present cmp.It will be a revelation as to how they try to palm of their stakes knowing fully well the market ids falling.

Now when the nifty starts recovering they will make bearish calls . and to trap u so that u will sell ur portfolio.

just be wary. do your own home work and decide. Learing a little bit of TA would do u good so that u can cross check their calls!

sagi
:D

[sam1121938]

hi

So far I had been writing of the trajectory of Nifty move on another thread.

I am sure that the readers of the forum would have found mostly my views were correct.

As I find repeated call on various stocks , mostly bullish, It has become necessary for me to high light the likely behaviour of the nifty as and when I find it necessary.


SO
I find that the nifty fall may get accentuated from now on because the Chikou span is trying to braeach the price line downwards .. once it breaches the price bars , we can be sure that there would be a considerable fall further. As I have already stated elsewher, nifty touched 6380 and is now in a critical moment.

If nifty breaches the price bar , then it can touch 5349 and when 5349 is touched then we shd perhaps see 5222 and the worst scenario as i see now is 5027 which can happen betwee 18th February to 2nd March 2011. it coincides with the budget time. So be cautious if you want to invest on long term .


sagi:D

HI
Yesterday Nifty touched 5222 as predicted. and it closed exactly there.


Just now I returned from a tour and so as soon as I download data (Thanx to DTM who render an yeoman"s service of giving data to us at a very small price ), i will update my reading on the behaviour of Nifty.

How ever , Off the cuff , I can say that there would be an attemp towards short covering , as today is the last day of the week .


sagi:D

[sam1121938]

HI
Yesterday Nifty touched 5222 as predicted. and it closed exactly there.


Just now I returned from a tour and so as soon as I download data (Thanx to DTM who render an yeoman"s service of giving data to us at a very small price ), i will update my reading on the behaviour of Nifty.

How ever , Off the cuff , I can say that there would be an attemp towards short covering , as today is the last day of the week .


sagi:D


The next supports for nifty : 5182/5133; However aas stated above , there could be short covering today .and so nifty will be highly volatile.A short covering may see the nifty rise to 5249/5267 before it falls to the levels
stated above.


sagi:D

[Prashanth]

The next supports for nifty : 5182/5133; However aas stated above , there could be short covering today .and so nifty will be highly volatile.A short covering may see the nifty rise to 5249/5267 before it falls to the levels
stated above.


sagi:D

5165 is a trendline support as well as horizontal. A break of that should lead us to 4800 levels

http://img833.imageshack.us/img833/9789/niftyfutures.png (http://img833.imageshack.us/i/niftyfutures.png/)

[sam1121938]

5165 is a trendline support as well as horizontal. A break of that should lead us to 4800 levels

http://img833.imageshack.us/img833/9789/niftyfutures.png (http://img833.imageshack.us/i/niftyfutures.png/)

Hi

Yes Prasanth. To be exact S&P cnx nifty could touch 4434 That is the level we see from monthly charts . but there could be zig-zag moven\ments before reaching that



sagi:D

[sam1121938]

The next supports for nifty : 5182/5133; However aas stated above , there could be short covering today .and so nifty will be highly volatile.A short covering may see the nifty rise to 5249/5267 before it falls to the levels
stated above.


sagi:D

It touched 5248 on short covering

sagi

[sam1121938]

The next supports for nifty : 5182/5133; However aas stated above , there could be short covering today .and so nifty will be highly volatile.A short covering may see the nifty rise to 5249/5267 before it falls to the levels
stated above.


sagi:D

It touched 5249 on short covering

sagi

[sam1121938]

It touched 5248 on short covering

sagi

going towards the next target 5267 n short covering

sagi

[sam1121938]

It touched 5248 on short covering

sagi

4269 achieved; next target 4292

sagi

[sam1121938]

It touched 5248 on short covering

sagi

next target 5292 as 5267 has been achieved

sagi

[sam1121938]

next target 5292 as 5267 has been achieved

sagi

after 5292 , it is 5310 for nifty cnx 500



sagi

[sam1121938]

after 5292 , it is 5310 for nifty cnx 500



sagi

next target 5335
for spot nifty
sagi

[sam1121938]

next target 5335
for spot nifty
sagi

As stated in the morning, due to short covering on the lklast day of the week , nifty rose.

For detailed analysis , i will post in the week end

thanx

sagi

[sam1121938]

As stated in the morning, due to short covering on the lklast day of the week , nifty rose.

For detailed analysis , i will post in the week end

thanx

sagi

Hi

In my earlier analysis, i mentioned that the next lower level for nifty is 5218 and that Friday being last day of trade in the week , traders would cover their shorts to book profits and consequently the nifty would touch 5249/5267 .

It happened accordingly by touchin 5218 on the lower side and rising up on short covering.


During friday , I also gave the targets as and when the nift crossed the previous targets laid by me and the accordingly the nifty moved .


My last target of 5335 for spot nifty missed narrowly mainly becose of the time factor.


At this point of time , i venture to make analysis of the spot Nifty again as under .

Tomorrows trading limits in nifty FUTURES will be as under

supports : 5299/5266/5232/5218/5178
resistances :5320/5353/5387/5407/5441/5555.


on the down side nifty could touch 5218/5178/5151/5097 in the days
to come , The indicators are in the oversold regions , but clear buy signals have not emanated .The bull power is low and the power is strong the chikou span is still downwards in the daily charts.The weekly charts paint a a scenario of the beginning of the greater down trend in the coming days!

overall the market is weak , The ANTRIX_devas deal is looming large and is becoming a bigger scam than 2G, the Supreme Court is taking a tough stand and the doubts being raised about the Prime Minister' clean image
but one should take into account ,
The prices of stocks look attractive and therefore , people
can invest about 30% of their funds at this point.
( I HAVE ALREADY SUGGESTED that investors shd commit 30% of their funds on an earlier time) and wait for
further fall to averge their investments to achieve low investment cost of your port folio .


Having analysed the charts , my reco is this , Short nifty futures if it touches 5387 and short more at 5407 to average and book profits at your convenience based on the support levels given above

sagi:D

[sam1121938]

Hi


Having analysed the charts , my reco is this , Short nifty futures if it touches 5387 and short more at 5407 to average and book profits at your convenience based on the support levels given above

sagi:D
.Nifty touched 5385 (2 points below my resistance level)and fell to the present level of 5375/5379
and is hovering around. we have wait before shorting

sagi

[sam1121938]

.Nifty touched 5385 (2 points below my resistance level)and fell to the present level of 5375/5379
and is hovering around. we have wait before shorting

sagi

Hi

came close to 5387 resistance given by me.

and hovering.there
. donot short yet.

sagi

[sam1121938]

Hi

came close to 5387 resistance given by me.

and hovering.there
. donot short yet.

sagi

Resistance 5387 cleared: wait for the next resistance to short; that is 5407

sagi

[milindkuyilan]

Dear sagi sir .
Thank you so much for you wonderful posts
and guidance made good money in the last two weeks
due to your posts.... Thanks a ton for your expert guidance
regards
milind

[sam1121938]

Hi

came close to 5387 resistance given by me.

and hovering.there
. donot short yet.

sagi


short now at cmp; stop loss 5307

sagi

[sam1121938]

short now at cmp; stop loss 5307

sagi


sorry stop loss 5407

sagi

[sam1121938]

sorry stop loss 5407

sagi

those who have cash margins can hold the short and add more shorts at the level whicjh i would indicate when appropriate

sagi

[sam1121938]

those who have cash margins can hold the short and add more shorts at the level whicjh i would indicate when appropriate

saginifty bullish phase coming to an end. those who have short do not panic.Hold

sagi

[sam1121938]

nifty bullish phase coming to an end. those who have short do not panic.Hold

sagi

as explained in the early post of the day, time for shorting nifty at a higher level has come. so short nifty and averaghe the cost ad wait for it to fall later. donot panic. hold the position .



sagi

[sam1121938]

as explained in the early post of the day, time for shorting nifty at a higher level has come. so short nifty and averaghe the cost ad wait for it to fall later. donot panic. hold the position .



sagi

The final target of 5441 stated in one of the messages
for the day touched and
nifty fell from there.
sagi

[sam1121938]

The final target of 5441 stated in one of the messages
for the day touched and
nifty fell from there.
sagi

nifty braking down
sagi

[sam1121938]

nifty braking down
sagi

Hi

Looking at the charts , i find todays trading levels are as under

resistances :5465/5494/5523/5541/5570(5555 is a strong resistance)
supports 5446/5417/5388/5370/5341

In one of the messages I had posted that for February the trrading range would be between 5000 -5600. Yesterdays movemnt can be classified as some value picking , as i had myself recommended comitting 30% of the investible capital at stocks.

I hold the view that this pull back can be called , a pre budget rally/short covering or volatility on the nearing of expiry period. etc. One shd not be deceived into investing the entire capital now, as i foresee that the market could fall back to lower level after the completion of this pull back action.

Indeed the charts daily and weekly show levels much lower than the low of 5218 as we are in the EW 4 after the completion of EW 3 .The EW 5 targets are much lower namely 4644 in the monthly chart and 4490 in the weekly charts and 4500 in the daily chart.

So one shd be cautios as to not to be carried away by this pull back. and one shd wait till 20 th march to take a decision as to invest for long term or not.



one more important factor as can be seen is that Nifty and most of the stocks(THERE ARE ALWAYSN EXCEPTION) are in the EW 4 and to trade in fourth wave would be suicidal and oe who dares to trade will lose on account of volatility. and remeber this and i would like readers to share their experiences with me should they venture to do so. Ofcourse brilliant tech analysts can beat the market whatever may be the wave.

and those who invested now on my reco shd book their profits when nifty touches around 5555.


sagi:D

[sam1121938]

Hi
breached 5417. I t was unable to cross the resistance at 5446. the next support is at 5388

sagi

[sam1121938]

Hi

one more important factor as can be seen is that Nifty and most of the stocks(THERE ARE ALWAYSN EXCEPTION) are in the EW 4 and to trade in fourth wave would be suicidal and oe who dares to trade will lose on account of volatility. and remeber this and i would like readers to share their experiences with me should they venture to do so. Ofcourse brilliant tech analysts can beat the market whatever may be the wave.

and those who invested now on my reco shd book their profits when nifty touches around 5555.


sagi:D

Hi

I mentioned about the volatility in EW 4 th wave. and we saw that practically today. if one trades for intra day without the help of intraday charts charts , sustaining loss is a foregone conclusion.sagi

sagi

[sam1121938]

Hi

Looking at the charts , i find todays trading levels are as under

resistances :5465/5494/5523/5541/5570(5555 is a strong resistance)
supports 5446/5417/5388/5370/5341

In one of the messages I had posted that for February the trrading range would be between 5000 -5600. Yesterdays movemnt can be classified as some value picking , as i had myself recommended comitting 30% of the investible capital at stocks.

I hold the view that this pull back can be called , a pre budget rally/short covering or volatility on the nearing of expiry period. etc. One shd not be deceived into investing the entire capital now, as i foresee that the market could fall back to lower level after the completion of this pull back action.

Indeed the charts daily and weekly show levels much lower than the low of 5218 as we are in the EW 4 after the completion of EW 3 .The EW 5 targets are much lower namely 4644 in the monthly chart and 4490 in the weekly charts and 4500 in the daily chart.

So one shd be cautios as to not to be carried away by this pull back. and one shd wait till 20 th march to take a decision as to invest for long term or not.



one more important factor as can be seen is that Nifty and most of the stocks(THERE ARE ALWAYSN EXCEPTION) are in the EW 4 and to trade in fourth wave would be suicidal and oe who dares to trade will lose on account of volatility. and remeber this and i would like readers to share their experiences with me should they venture to do so. Ofcourse brilliant tech analysts can beat the market whatever may be the wave.

and those who invested now on my reco shd book their profits when nifty touches around 5555.


sagi:D

HI

Todays trading levels are as under (16/02/2011)

RESISTANCES 5571/5541/5531/5494
SUPPORTS : 5465/5446/5417/5388/5370/5341

cOMPARE IT WITH THE TRADING LEVELS OF YESTERDAY , u will find that the up move of nifty has petered out. So we shd now wait to see whether nifty can move to 5571 at all. if it does not , be prepared for nifty to fall.

even if nifty moves to 5571 , the ew4th wave may end we and nifty would fall from there.

In an extraordinary circumstances , the nifty could move to an extended 4th wave which is at 5680.

So I would not suggest any trading today , as trading in the volatile 4th wave without the use of intraday charts and continuous monitoring can erode the capital.

If your itching finger wants to hit the keyboard to make a trade , then thisi s the time to dotradeslightly without
over leverage .


sagi:D

[royapa]

Below 5448, one should consider covering longs and think of shorts. Once again issues for the reccent downfall is raising its head.
take care.
RA

[sam1121938]

Below 5448, one should consider covering longs and think of shorts. Once again issues for the reccent downfall is raising its head.
take care.
RA

Yes in other words , holdyour short position in nifty.

sagi

[sam1121938]

:DHI

Todays trading levels are as under (16/02/2011)

RESISTANCES 5571/5541/5531/5494
SUPPORTS : 5465/5446/5417/5388/5370/5341

cOMPARE IT WITH THE TRADING LEVELS OF YESTERDAY , u will find that the up move of nifty has petered out. So we shd now wait to see whether nifty can move to 5571 at all. if it does not , be prepared for nifty to fall.

even if nifty moves to 5571 , the ew4th wave may end we and nifty would fall from there.

In an extraordinary circumstances , the nifty could move to an extended 4th wave which is at 5680.

So I would not suggest any trading today , as trading in the volatile 4th wave without the use of intraday charts and continuous monitoring can erode the capital.

If your itching finger wants to hit the keyboard to make a trade , then thisi s the time to dotradeslightly without
over leverage .


sagi:D

Hi
whilewatchingtheniftymovingwithgreatvolatilitybeco sofitsbeinginElliotwave 4,Thereissomesparetimetosharewithyou on whati thinkis happeningtothestocksin Bankingsector.


Thefourth quarterresultsofallPSU bankswill bebad.

becosthereisnodepositsforthcomingto banks
2. thebanks haveadvancedloans muchinexcessof the permissible limits. asper therules laiddownbyRBI,banks canadvance onlyabout 70%ofthe deposits. and that they have already exceeded the CRR(cash credit limitslauddown byRBI) Sowithadvancesdwindling and RBI breathingon the necksofBanks to bring downthe CRR to limits prescribed, whilethe existingloanshaveto be closed, no new loans canbe sanctionedbybanks until thepublicmakeslarge deposit in thebanks.Public moneyhasbeen swallowedby big IPo issues .


Therefore unlike thepreviousyear, the bank will not be able to boastof the big growth.Even an annual growth of12 to15% will be great achievement forthe financial year2010-2011.


This beingthe case , i foresee that the shares of the banks will be available at a much lower rate ,once the Financial results for2010-2011 are out.

so one has to be patient and wait for attractive prices of bank stock. Investing in bank stocks for long term istherefore not recommendedat this pointof time, inspite of the fantastic calls ,being madeby broking houses.

sagi
:D

[sam1121938]

HI

Todays trading levels are as under (16/02/2011)

RESISTANCES 5571/5541/5531/5494
SUPPORTS : 5465/5446/5417/5388/5370/5341

cOMPARE IT WITH THE TRADING LEVELS OF YESTERDAY , u will find that the up move of nifty has petered out. So we shd now wait to see whether nifty can move to 5571 at all. if it does not , be prepared for nifty to fall.

even if nifty moves to 5571 , the ew4th wave may end we and nifty would fall from there.

In an extraordinary circumstances , the nifty could move to an extended 4th wave which is at 5680.

So I would not suggest any trading today , as trading in the volatile 4th wave without the use of intraday charts and continuous monitoring can erode the capital.

If your itching finger wants to hit the keyboard to make a trade , then thisi s the time to dotradeslightly without
over leverage .


sagi:D

hI

aFTER LOOKING AT THE PRICE ACTION OF YESTERDAY when there was a fight between Bulls and Bears , it is noticed that the price is just hugging the MA20 . whether the bulls could take it up above ma20 and able to retain it above , is a question that will be answered to day.

the Trading levels for 17th feb are as under:

resistances 5570/5541/5523/5494
supports : 5465/5446/5417/5388/5370/5341

Yesterdays prime ministers press conference was a damb squb.

The compulsions of coalition politics wwere mentioned by him , but integrity and image of the country is not a price to pay to keep the govt running.

Whydoes the ruling party want to hug on to power and allow the country to be swindled?
where is the coalition coming into picture in CWG scam, adarshscam , devas antrix scams. these scams are out of the coalition politics .

so the answers by PM is not satisfactory.

so the sentiments are bad.

However the indicators are moving up from the over sold region but the rsi is still below 50 . a bullish ness would come only if rsi stays above the 50 level and stays there for at least 3 days.
The Forcei ndex is on the fence and which side it would move is a question in our minds.

However , it is possible for the nifty to move the ew 4 target of 5555 and perhapsthe extended targets of ew 4which is 5676.

As already mentioned we are in the ew4 and trading in this wave will be only for technical analysts who do daytrade using the real time charts and also high risk traders

The old adage "the fool and his money are soon parted " is very true.

sagi:D

[sam1121938]

hI

However the indicators are moving up from the over sold region but the rsi is still below 50 . a bullish ness would come only if rsi stays above the 50 level and stays there for at least 3 days.
The Forcei ndex is on the fence and which side it would move is a question in our minds.

However , it is possible for the nifty to move the ew 4 target of 5555 and perhapsthe extended targets of ew 4which is 5676.

As already mentioned we are in the ew4 and trading in this wave will be only for technical analysts who do daytrade using the real time charts and also high risk traders

sagi:D

Hi

Todays trading levels are

resistances : 56629/5608/5599/5574/5552
supports :5539/5518/5497/5463


As expected the nifty is getting closer to the ew target stated above.
yesterday spot nifty came close to my oft repeated target of 5555 which is also EW 4 wave target,

The extended ew 4 wave target is 5676. it is around these points one shd be care ful to extinguish their long positions by booking profits. No longs at these levels suggested

people shd now look forward to an oppurtunity to short as soon as macd peaks out and shows signs of reversal downwards . it is suggested that one could seek guidance in the NACD histogram for clarity and the precise timing to go short. Traders who are already on short positions , shd stay the course and add more to the ir shorts to average and gain good profits.

sagi

[sam1121938]

Hi

Todays trading levels are

resistances : 56629/5608/5599/5574/5552
supports :5539/5518/5497/5463


As expected the nifty is getting closer to the ew target stated above.
yesterday spot nifty came close to my oft repeated target of 5555 which is also EW 4 wave target,

The extended ew 4 wave target is 5676. it is around these points one shd be care ful to extinguish their long positions by booking profits. No longs at these levels suggested

people shd now look forward to an oppurtunity to short as soon as macd peaks out and shows signs of reversal downwards . it is suggested that one could seek guidance in the NACD histogram for clarity and the precise timing to go short. Traders who are already on short positions , shd stay the course and add more to the ir shorts to average and gain good profits.

sagi
errata

read 5629 instead of 56629 in the resistance levels given above

sagi

[sam1121938]

Hi

Todays trading levels are

resistances : 56629/5608/5599/5574/5552
supports :5539/5518/5497/5463


As expected the nifty is getting closer to the ew target stated above.
yesterday spot nifty came close to my oft repeated target of 5555 which is also EW 4 wave target,

The extended ew 4 wave target is 5676. it is around these points one shd be care ful to extinguish their long positions by booking profits. No longs at these levels suggested

people shd now look forward to an oppurtunity to short as soon as macd peaks out and shows signs of reversal downwards . it is suggested that one could seek guidance in the NACD histogram for clarity and the precise timing to go short. Traders who are already on short positions , shd stay the course and add more to the ir shorts to average and gain good profits.

sagi


Hi
since the price has broken below the yesterdays low , we can assume that the end of wave hass been announced , but watch how it closes.

any how my reco in the morning stands and that we are entering the 5th wave which is a down wave and remeber that the5th wave is a very long one and so we can see very much lower levels of which i have talked earlier in these pages

sagi

[sam1121938]

Hi
since the price has broken below the yesterdays low , we can assume that the end of wave hass been announced , but watch how it closes.

any how my reco in the morning stands and that we are entering the 5th wave which is a down wave and remeber that the5th wave is a very long one and so we can see very much lower levels of which i have talked earlier in these pages

sagi

Hi

The trading lecls are :

RESISTANCE: 5604/5567/5544/55-7/5470
SUPPORTS ARE :5447/ 5410/5373/5350/5313

5350 SEEMS TO BE A GOOD target for today


SAGI.

[sam1121938]

Hi

The trading lecls are :

RESISTANCE: 5604/5567/5544/55-7/5470
SUPPORTS ARE :5447/ 5410/5373/5350/5313

5350 SEEMS TO BE A GOOD target for today


SAGI.

Hi

Market pulled back from 5410 support due to the Govt agreeing to form a JPC and the 7 billion venture of RI-BP. So my expected 5350 did not materialise but closed at the resistance level of 5417 .

Todays trading levels are

fOR nIFTY:


RESISTANCES: 5623/5596/5580/5553/5526
SUPPORTS:5510/5483/5456/5440/5413

fOR RELIANCE

RESISTANCES: 996/986/979/969/981/974/970/964/958
SUPPORTS: 954/948/941/937/931


JPc and reliance would have to be watched for todays movement. So I wouild not comment on the price movement , except that spot 6350 for nifty remains unchanged

sagi

[sam1121938]

Hi

Market pulled back from 5410 support due to the Govt agreeing to form a JPC and the 7 billion venture of RI-BP. So my expected 5350 did not materialise but closed at the resistance level of 5417 .

Todays trading levels are

fOR nIFTY:


RESISTANCES: 5623/5596/5580/5553/5526
SUPPORTS:5510/5483/5456/5440/5413

fOR RELIANCE

RESISTANCES: 996/986/979/969/981/974/970/964/958
SUPPORTS: 954/948/941/937/931


JPc and reliance would have to be watched for todays movement. So I wouild not comment on the price movement , except that spot 6350 for nifty remains unchanged

sagi

Hi

sorry please read 5350 instead of 6350 for spot nifty in the penultimate line of the previous post: typo regretted

sagi :

[sam1121938]

Hi

sorry please read 5350 instead of 6350 for spot nifty in the penultimate line of the previous post: typo regretted

sagi :

Hi

as stated , the down trend is in tact!

Such a deal as the RIL_BP would have ,in a bullish trending marke, would have taken up ril by10%. and nifty and senses would have at least gone up by 150 and 450 points respectively. That did not happen and themarket gave a big thumbs down showing that the down EW 5th wave is going to take the nifty to lows


sagi

[royapa]

Today could be a D day. Short at best with SL above 5490+ future. Below 5421-26, bottom is undefined.
But market being what it is could gap down and rise through out the day. So shorting intra day could be painful................. But be brave the direction as of now is downward.
Take care
RA

[sam1121938]

Hi

as stated , the down trend is in tact!

Such a deal as the RIL_BP would have ,in a bullish trending marke, would have taken up ril by10%. and nifty and senses would have at least gone up by 150 and 450 points respectively. That did not happen and themarket gave a big thumbs down showing that the down EW 5th wave is going to take the nifty to lows


sagi

Hi

Today becos of net problem , i could post only now


Today"s trading levels for nifty are

RESISTANCES :; 5545/5525/5513/5494/5475
SUPPORTS :: 5463/5443/5424/5412/5393


tHESE LEVELS ARE SPOT NIFTY LEVELS , AS I ALWAYS GIVE THE s&P cnx nifty levels.ONE SHD ADJUST FOR PREMIUMS/DISCOUNTS WHILE TRADING IN FUTURES


tO DAY i FIND FROM THE CHARTS THAT THE eLLIOT TRIGER HAS peaked and falling . The +DI is also falling . macd has peaked out and falling , but still in a bullish zone.RSI is below 50 and is therefore in a bearish zone.Stochostics have reached the overbot zone and bearish crossover has occured.The chikou span is still below the price bars .
So there is general weakness, but due to budget expectations , iu expect volatiloity.

But the down trend is intact and those who hold short positions , can stay with it .


sagi
:D

[sam1121938]

Hi

Today becos of net problem , i could post only now


Today"s trading levels for nifty are

RESISTANCES :; 5545/5525/5513/5494/5475
SUPPORTS :: 5463/5443/5424/5412/5393


tHESE LEVELS ARE SPOT NIFTY LEVELS , AS I ALWAYS GIVE THE s&P cnx nifty levels.ONE SHD ADJUST FOR PREMIUMS/DISCOUNTS WHILE TRADING IN FUTURES




But the down trend is intact and those who hold short positions , can stay with it .


sagi
:D

Hi

Yesterday the nifty pierced slightly the support level of 5424 and closed at 5437.


Todays trading levels for Nifty are as under

S&P CNX NIFTY

resistancesw :: 5500/5484/5474/5458/5442

supports:: 5416/5400/5390/5374

all the indicators are on sell mode and the price
wentt below the MA!0 and then losed at the MA10 , The MA5 made a downward cross over ma5 which is a bearish signal.

The parabolic sar is at 5331 and yesterdays closing price is at 5437 and therefore we can expect the spot nifty to touch 5390/5374 .

The only indicator i.e.' The Force Index which was bullish earlier has also gone into the negative territory

The market will continue to be volatile in view of the Budget abd till the budget is over.

Unless an exceptionally good budget which satisfies all the sectors and aim at containing the inflation effectively , there will be no rally.

Usually every year we notice that the market opens bullishly when the Finance minister starts the Budget speech and after the crescendo falls rapidly.

So the balance of convenience is to hold the shorts and add more shorts when there is a rally during the budget day


sagi:D

[sam1121938]

Hi

Yesterday the nifty pierced slightly the support level of 5424 and closed at 5437.


Todays trading levels for Nifty are as under

S&P CNX NIFTY

resistancesw :: 5500/5484/5474/5458/5442

supports:: 5416/5400/5390/5374

all the indicators are on sell mode and the price
wentt below the MA!0 and then losed at the MA10 , The MA5 made a downward cross over ma5 which is a bearish signal.

The parabolic sar is at 5331 and yesterdays closing price is at 5437 and therefore we can expect the spot nifty to touch 5390/5374 .

The only indicator i.e.' The Force Index which was bullish earlier has also gone into the negative territory

The market will continue to be volatile in view of the Budget abd till the budget is over.

Unless an exceptionally good budget which satisfies all the sectors and aim at containing the inflation effectively , there will be no rally.

Usually every year we notice that the market opens bullishly when the Finance minister starts the Budget speech and after the crescendo falls rapidly.

So the balance of convenience is to hold the shorts and add more shorts when there is a rally during the budget day


sagi:D

iF THE NIFTY BREACHES THE 5374 TODAY THEN THE LOWER SUPPORTS WOULD BE 53
5340/5314/5273 FOR SPOT NIFTY


SAGI:D

[sam1121938]

iF THE NIFTY BREACHES THE 5374 TODAY THEN THE LOWER SUPPORTS WOULD BE 53
5340/5314/5273 FOR SPOT NIFTY


SAGI:D



Hi

I am excedingly happy that my reading of the charts had been fruit ful.

I had time and again urged the readers to be short on nifty and asked them not to panic when nifty did a pull back of sorts.

Such pull backs are called dead cat rally in the market parlance.


The charts are , as i had said time and ahain, revealing a very low target for nifty and therefore , i suggested refrain from investing in stocks as . it looked that stocks can be bought at attractive prices in the time to come.

One important thing I want all to remember is that the technical analysis can give a clue as to what is going to happen , but the charts are not made by the markets.

I tis the market that maketh the charts and therefore , one who is a long term investor shd evaluate stocks technically and take positions when the prices become attractive. And some times the stocks go down further and we shd not rue overf this as we can do perfect bottom fishing.

So the systematic investment plan shd be folloew and stocjks shd be acquired for long term on dios . This is the only effective waty to outsmart the stock markets.This "SIP" is called averaging .

I would request all the readers to start understanding trechinal analysis properly and then at the same time urge u not to depend totally on it , but keep a focussed attention on fundamental analysis . This is essential , as u will find that when the market falls , the values become attractice and the big sharks of the market , buy stocks
and the price shopots up.

sagi
:D

[sam1121938]

Hi

I am excedingly happy that my reading of the charts had been fruit ful.

I had time and again urged the readers to be short on nifty and asked them not to panic when nifty did a pull back of sorts.

Such pull backs are called dead cat rally in the market parlance.


The charts are , as i had said time and ahain, revealing a very low target for nifty and therefore , i suggested refrain from investing in stocks as . it looked that stocks can be bought at attractive prices in the time to come.

One important thing I want all to remember is that the technical analysis can give a clue as to what is going to happen , but the charts are not made by the markets.

I tis the market that maketh the charts and therefore , one who is a long term investor shd evaluate stocks technically and take positions when the prices become attractive. And some times the stocks go down further and we shd not rue overf this as we can do perfect bottom fishing.

So the systematic investment plan shd be folloew and stocjks shd be acquired for long term on dios . This is the only effective waty to outsmart the stock markets.This "SIP" is called averaging .

I would request all the readers to start understanding trechinal analysis properly and then at the same time urge u not to depend totally on it , but keep a focussed attention on fundamental analysis . This is essential , as u will find that when the market falls , the values become attractice and the big sharks of the market , buy stocks
and the price shopots up.

sagi
:D

hi next support 5230/5218
if it falls below 5218, we are in a bear market


sagi

[sam1121938]

Hi

The trading lecls are :

RESISTANCE: 5604/5567/5544/55-7/5470
SUPPORTS ARE :5447/ 5410/5373/5350/5313

5350 SEEMS TO BE A GOOD target for today


SAGI.

Hi
Hope people took my advice and made money!

sagi

[indian06]

Thanks a lot sir for your updates on nifty levels..
Indian

[sam1121938]

hi next support 5230/5218
if it falls below 5218, we are in a bear market


sagi

Hi

Market maketh the charts; Charts do not make the markets.

This is my usual refrain . A technical analyst gets the clue to the trend , but shd not totally depend on it .

As the market seeks lower bottoms , we must remember that the fundamentally good stocks become more and more attractive. As perceptionds of investors vary , suddenly we find the stocks rallies astonishgly and we feel left out in not picking up the stock at the very low.


Si it is necessary to keep a watch on fundamentally good stocks which has a low PEG value, a good business model , a good moat which does not permit other companies to copy the products and become competitors.

when such a stock tumbles down , then we shd invest in them by committing a portion of our investible funds . And then wait for an oppurtunity to average using the reserve cash when the stock falls further
.

I am repeatedly stressing this point to long term investors as this shd be ingrained into their brains so that they can take a quick reflex action to buy stocks.(The contrary is true in case the stocks go up very high and the profit becomes attractive enough to sell.


Having said that , i revert to the usual routine business of trading levels of nifty.


Todays trading levels are

resistances : 5430/5387/5361/5318/5275/5249

supports : 5206/5164/5137/5095

The indicators are all bearish and if the MACD goes below zero then we can be sure that markets will move down further: on the monthly chart , I see a level of 4710-, on the weekly and daily charts chart I see 4473 .



brokers will continue to give rosy targets knowing fully well that the market is in not in good shape and therefore , we shd be careful and wary in acting upon their advice.


Market bullishness will return only when the nifty moves above 5660 0r so


To day being the last day of the week , there can be short covering as traders would not like to hold positions in this nebulous markets . Besides they book their profits every week regularly.

so stocks that went down during the week will rise on short covering and stocks that went up during the week will faLL. This is the usual happening week after week.


But the down trend is in tact , as i donot reckon the friday price action for analysis of technical action.




sagi:D

[sam1121938]

Hi

Market maketh the charts; Charts do not make the markets.

This is my usual refrain . A technical analyst gets the clue to the trend , but shd not totally depend on it .

As the market seeks lower bottoms , we must remember that the fundamentally good stocks become more and more attractive. As perceptionds of investors vary , suddenly we find the stocks rallies astonishgly and we feel left out in not picking up the stock at the very low.


Si it is necessary to keep a watch on fundamentally good stocks which has a low PEG value, a good business model , a good moat which does not permit other companies to copy the products and become competitors.

when such a stock tumbles down , then we shd invest in them by committing a portion of our investible funds . And then wait for an oppurtunity to average using the reserve cash when the stock falls further
.

I am repeatedly stressing this point to long term investors as this shd be ingrained into their brains so that they can take a quick reflex action to buy stocks.(The contrary is true in case the stocks go up very high and the profit becomes attractive enough to sell.


Having said that , i revert to the usual routine business of trading levels of nifty.


Todays trading levels are

resistances : 5430/5387/5361/5318/5275/5249

supports : 5206/5164/5137/5095

The indicators are all bearish and if the MACD goes below zero then we can be sure that markets will move down further: on the monthly chart , I see a level of 4710-, on the weekly and daily charts chart I see 4473 .



brokers will continue to give rosy targets knowing fully well that the market is in not in good shape and therefore , we shd be careful and wary in acting upon their advice.


Market bullishness will return only when the nifty moves above 5660 0r so


To day being the last day of the week , there can be short covering as traders would not like to hold positions in this nebulous markets . Besides they book their profits every week regularly.

so stocks that went down during the week will rise on short covering and stocks that went up during the week will faLL. This is the usual happening week after week.


But the down trend is in tact , as i donot reckon the friday price action for analysis of technical action.


sagi:D

Hi
so the pull back which i mentioned above due to short covering is over.

and back to the normal down trend
'

In my view that we are in a big bear market which started in 2009 is continuing and the raise of nifty from 4500 to 6300 or so is just a bull correction in a deep bear market!

sag

[sam1121938]

Hi

Usually every year we notice that the market opens bullishly when the Finance minister starts the Budget speech and after the crescendo falls rapidly.

So the balance of convenience is to hold the shorts and add more shorts when there is a rally during the budget day

sagi:D+

Hi,
Had to be away from home on the budgetday, However , we notice that that

budget day pattern was like that of every year , and what i metioned abouve reoccured.

I will post levels for the day as soon as I down load the data.

I used part of my liquid cash in buying 2 stocks for long term and i would post detailed analysis in the thread "stocks that perform well"

[sam1121938]

+

Hi,
Had to be away from home on the budgetday, However , we notice that that

budget day pattern was like that of every year , and what i metioned abouve reoccured.

I will post levels for the day as soon as I down load the data.

I used part of my liquid cash in buying 2 stocks for long term and i would post detailed analysis in the thread "stocks that perform well"


Hi
(1/3/2011)
Today's trading levels for nifty are :

RESISTANCES : 5489/5449/5425/5385/5345
SUPPORTS :: 5320/5281/5241/5216/5177

RECO: THE NIFTY IS WEEK STILL AS INDICATORS ARE GOING TOWARDS OVERSOLD:

the weekly charts are still down

Ther trading range for the markets for march expiry is 5199 to 5600
sagi

[Prashanth]

Hi
(1/3/2011)
Ther trading range for the markets for march expiry is 5199 to 5600
sagi

While I agree that trend is weak, giving a range of 400 points makes you look more like the much hated TV Analysts :).

You are different and I believe that at such a early stage there is no reason to try to predict what Nifty will trade by March end

Cheers

Prashanth

[sam1121938]

While I agree that trend is weak, giving a range of 400 points makes you look more like the much hated TV Analysts :).

You are different and I believe that at such a early stage there is no reason to try to predict what Nifty will trade by March end

Cheers

Prashanth

Hi prashanth

he... he.. he . yes giving a wide range is hated by all. And I hate myself for doing so!. but the range is for the month. But the daily range is also givem for intraday players.

sagi:D

[sam1121938]

Hi
(1/3/2011)
Today's trading levels for nifty are :

RESISTANCES : 5489/5449/5425/5385/5345
SUPPORTS :: 5320/5281/5241/5216/5177

RECO: THE NIFTY IS WEEK STILL AS INDICATORS ARE GOING TOWARDS OVERSOLD:

the weekly charts are still down

Ther trading range for the markets for march expiry is 5199 to 5600
sagi

looks like the target of 5600 will be reached !

the next level for nifty could be 5525 if it crosses 5489

sagi

[sam1121938]

looks like the target of 5600 will be reached !

the next level for nifty could be 5525 if it crosses 5489

sagi

hi

will there be enuf time for the next target of 555 today?


sagi

[sam1121938]

Hi
(1/3/2011)
Today's trading levels for nifty are :

RESISTANCES : 5489/5449/5425/5385/5345
SUPPORTS :: 5320/5281/5241/5216/5177

RECO: THE NIFTY IS WEEK STILL AS INDICATORS ARE GOING TOWARDS OVERSOLD:

the weekly charts are still down

Ther trading range for the markets for march expiry is 5199 to 5600
sagi


03/03/2011

Hi

MarketsgaveathumbsupforPranb .

Todays trading levels are here for spot nif


RESISTANCES :: 5761/5700/5662/5604/5541
SUPPORTS: 5503/5442/5381/5343/5283



THE INDICATORS ARE ON THE FENCE. ONE SHD NOT TRADE without strict stop loss.

whether this perceived bullishness will continur is a matter ofdebate . But I am sure the market will continue to be volatile till 20th March

there will be sideways movement

i reiterate that the trading range for this month will be 5600/5199



sagi:D

[sam1121938]

03/03/2011

Hi

MarketsgaveathumbsupforPranb .

Todays trading levels are here for spot nif


RESISTANCES :: 5761/5700/5662/5604/5541
SUPPORTS: 5503/5442/5381/5343/5283



THE INDICATORS ARE ON THE FENCE. ONE SHD NOT TRADE without strict stop loss.

whether this perceived bullishness will continur is a matter ofdebate . But I am sure the market will continue to be volatile till 20th March

there will be sideways movement

i reiterate that the trading range for this month will be 5600/5199



sagi:D
hI

THE TRADING LEVELS for 04/03/2011 are:

resistances:: 5689/5650/5626/5587/5548/
supports:; 5524/5484/5445/5421
all indicators are moving up from oversold region:rsi made a bullish cross over.


today being friday , being the last day of week , traders will not like to hold positions . so there can be profit booking . that means those stock that went up in the past few days will shed their weight and those which lost in the past few days would go up on short covering.


sagi:D

[sam1121938]

hI

THE TRADING LEVELS for 04/03/2011 are:

resistances:: 5689/5650/5626/5587/5548/
supports:; 5524/5484/5445/5421
all indicators are moving up from oversold region:rsi made a bullish cross over.


today being friday , being the last day of week , traders will not like to hold positions . so there can be profit booking . that means those stock that went up in the past few days will shed their weight and those which lost in the past few days would go up on short covering.


sagi:D


Hi,


The SPOT Nifty trading levels for 07/03 are as under

RESISTANCES :: /5678/5664/5632/5612/5588/5548/5528
SUPPORTS:: 5496/5464/544/5412


On the expiry of the Feb future , I gave an opinion that the trading range for futures of March would be in the range of 5199-5600.


Accordingly we founfd that nifty rapidly pulled back to a high of 5580.
All the indicators are positve as of now but i think soon the indicators will peak and start falling.

So my recommendation would be to short nifty around 5664/5678 levels and book profits 5444/5464 level.


But whether Nifty would touch 5674/5678 is a matter of political situations in the country as DMK black mails Congree with the threat to piull out. So if the congress decides to burn the bridges with DMK then it have to seek alliance with SP/BSp, which Rahul does not like. And Amma from south is too willing to support congress.So I think DMK has to blink first and in that case the Govt won't fall.

So in the net , the market could start falling on manday itself and savvy traders should evolve a strategy to win keeping these factors in mind.

My startegy would be to Short at the current level and short more at the higher level of 5664/5678 and hold the short position.Book partial profits at 5444/5464 and let us decide at that point whether to hold the shorts to ultimately square off at 5334

Please adjust the levels for premium/discount of futures



sagi:D

[sam1121938]

03/03/2011

Hi

MarketsgaveathumbsupforPranb .

Todays trading levels are here for spot nif


RESISTANCES :: 5761/5700/5662/5604/5541
SUPPORTS: 5503/5442/5381/5343/5283



THE INDICATORS ARE ON THE FENCE. ONE SHD NOT TRADE without strict stop loss.

whether this perceived bullishness will continur is a matter ofdebate . But I am sure the market will continue to be volatile till 20th March

there will be sideways movement

i reiterate that the trading range for this month will be 5600/5199



sagi:D

Hi
here is a strategy for Nifty option


On opening if the did not popen negatively, then I would suggest the following startegy in OPtions


Buy call 5600 @ about 95 and buy put option at about 76. Together the total invesatment will be Rs 171. wnen the price of combined options goes to 200 or near sell noth the options , there by gaining about rs 29*50=1450

Sagi:D

[sam1121938]

Hi,


The SPOT Nifty trading levels for 07/03 are as under

RESISTANCES :: /5678/5664/5632/5612/5588/5548/5528
SUPPORTS:: 5496/5464/544/5412


On the expiry of the Feb future , I gave an opinion that the trading range for futures of March would be in the range of 5199-5600.


Accordingly we founfd that nifty rapidly pulled back to a high of 5580.
All the indicators are positve as of now but i think soon the indicators will peak and start falling.

So my recommendation would be to short nifty around 5664/5678 levels and book profits 5444/5464 level.


But whether Nifty would touch 5674/5678 is a matter of political situations in the country as DMK black mails Congree with the threat to piull out. So if the congress decides to burn the bridges with DMK then it have to seek alliance with SP/BSp, which Rahul does not like. And Amma from south is too willing to support congress.So I think DMK has to blink first and in that case the Govt won't fall.

So in the net , the market could start falling on manday itself and savvy traders should evolve a strategy to win keeping these factors in mind.

My startegy would be to Short at the current level and short more at the higher level of 5664/5678 and hold the short position.Book partial profits at 5444/5464 and let us decide at that point whether to hold the shorts to ultimately square off at 5334
Please adjust the levels for premium/discount of futures



sagi:D


hi

did u short on opening

Then


hold the shorts for 5334.


sagi:D

[sam1121938]

hi

did u short on opening

Then


hold the shorts for 5334.


sagi:D
people who donot want to take a risk can square their shorts at 5425

rsik lovers continue to hold shaorts for 3334

sagi

[sam1121938]

people who donot want to take a risk can square their shorts at 5425

rsik lovers continue to hold shaorts for 3334

sagi

hi
soory. it shd be 5334

[sam1121938]

hi
soory. it shd be 5334

Hi,

yesterday i mada a typo . instead of 5334 I typed 3334. Ofcourse I know DTM readers are savvy and would have realised that !. Due to my bad eyesight, I produce such howlers. :D

Todays trading levels are

RESISTANCES 5539/5520/5508/5488/5469
SUPPORTS: 5457/5437/5418/5405/5386


People holding short could book profitsat 5405/5386.

Those who squared off short position yeaterday at 5425 could short again on opening of market and book profits at the levels suggested.


sagi:D

[sam1121938]

Hi,

yesterday i mada a typo . instead of 5334 I typed 3334. Ofcourse I know DTM readers are savvy and would have realised that !. Due to my bad eyesight, I produce such howlers. :D

Todays trading levels are

RESISTANCES 5539/5520/5508/5488/5469
SUPPORTS: 5457/5437/5418/5405/5386


People holding short could book profitsat 5405/5386.

Those who squared off short position yeaterday at 5425 could short again on opening of market and book profits at the levels suggested.


sagi:D

short nifty at these current level or buy put 5400 March at ther cmp 85

sagi

[sam1121938]

Hi,

yesterday i mada a typo . instead of 5334 I typed 3334. Ofcourse I know DTM readers are savvy and would have realised that !. Due to my bad eyesight, I produce such howlers. :D

Todays trading levels are

RESISTANCES 5539/5520/5508/5488/5469
SUPPORTS: 5457/5437/5418/5405/5386


People holding short could book profitsat 5405/5386.

Those who squared off short position yeaterday at 5425 could short again on opening of market and book profits at the levels suggested.




sagi:D


Hi

the market pulled back as DMK blinked first and acceded to Congress demands

So we can now follow the technicl charts as usual as sudden upheavals will be smoothed out


Todays trading levels are
resistances :: 5619/5594/5578/5553/5528/
supports :: 5516/5500/5484/5475/5455
all the indicators are up
and no sell signals have emanated. but smart money is selling. so there is a divergence

So the best course would be to short at 5594/5619 levels
only.


sagi

[sam1121938]

Hi

the market pulled back as DMK blinked first and acceded to Congress demands

So we can now follow the technicl charts as usual as sudden upheavals will be smoothed out


Todays trading levels are
resistances :: 5619/5594/5578/5553/5528/
supports :: 5516/5500/5484/5475/5455
all the indicators are up
and no sell signals have emanated. but smart money is selling. so there is a divergence

So the best course would be to short at 5594/5619 levels
only.


sagi

Hi

todays trading levels



resistances :5659/5610/5590-/5577/5557/5537
supports:: 5224/5504/5584/5471/5451

indicators are still up:
will not go long as today I expect correcxtions
yesterdays reco of shorting at 5594/5610 holds good to to book profit at 5451

sagi

[sam1121938]

Hi

todays trading levels



resistances :5659/5610/5590-/5577/5557/5537
supports:: 5224/5504/5584/5471/5451

indicators are still up:
will not go long as today I expect correcxtions
yesterdays reco of shorting at 5594/5610 holds good to to book profit at 5451

sagi

correction


read supports
instead of 5584 it shd be 5484

an obvious error

sagi

[sam1121938]

Hi

todays trading levels



resistances :5659/5610/5590-/5577/5557/5537
supports:: 5224/5504/5584/5471/5451

indicators are still up:
will not go long as today I expect correcxtions
yesterdays reco of shorting at 5594/5610 holds good to to book profit at 5451

sagi

Hi

As expected Nifty corrected : and touched a low of 5468 and got support at 5471 and pulled back and closed at 5494.


Tomorrows trading levels are (11/03/2011)

resistances :: 5538/5527/5520/5509/5497
supports: 5490/5479/5468/5461/5450/5440/5422


if the nifty moves up to 5538 then short or add to short positions

traders already holding short positions shall hold the shortpositions for a target of 5390 as of now


sagi:D

[sam1121938]

Hi

As expected Nifty corrected : and touched a low of 5468 and got support at 5471 and pulled back and closed at 5494.


Tomorrows trading levels are (11/03/2011)

resistances :: 5538/5527/5520/5509/5497
supports: 5490/5479/5468/5461/5450/5440/5422


if the nifty moves up to 5538 then short or add to short positions

traders already holding short positions shall hold the shortpositions for a target of 5390 as of now


sagi:D

Hi

inaddition to what I said above , I add the following info for the sake of traders so that they may be careful

The Nifty stong support seems to be 5441 as that is the MA20. and the moving average is looking upwards.


And to day is friday when the traders would square off their positions,


One shd keep this in mind will trading.


The possibility of Nifty turning up above 5441 is not ruled out totally.


So trade lightly


sagi

[sam1121938]

Hi

As expected Nifty corrected : and touched a low of 5468 and got support at 5471 and pulled back and closed at 5494.


Tomorrows trading levels are (11/03/2011)

resistances :: 5538/5527/5520/5509/5497
supports: 5490/5479/5468/5461/5450/5440/5422


if the nifty moves up to 5538 then short or add to short positions

traders already holding short positions shall hold the shortpositions for a target of 5390 as of now


sagi:D


HI

tHE TRADING LEVELS FOR SPOT NIFTY FOR 14/03/2011 are ::


resistances::

5529/5508/5495/5473/5452/
supports :5438/5417/5395/5382/5360

One shd not go long as per the technicals .

The reco already made holds good.

Short nifty if the market opens at higher levels say 5495/5485 levels
thosse who hold short positions already and like to play safe may consifder squaring off their positions at 5382/5385.
And risk takers may consider squaring off their positions at 5315/5311/5290(5312 seems to be an ideal pla ce to square off short positions)
All stocks which have some relationship are bound to fall (say Hitachi) due to tsunami effect.

The global events indicate fall. and so any attempt to go long and swim against the the trend is not recommended.


sagi:D

[sam1121938]

HI

tHE TRADING LEVELS FOR SPOT NIFTY FOR 14/03/2011 are ::


resistances::

5529/5508/5495/5473/5452/
supports :5438/5417/5395/5382/5360

One shd not go long as per the technicals .

The reco already made holds good.

Short nifty if the market opens at higher levels say 5495/5485 levels
thosse who hold short positions already and like to play safe may consifder squaring off their positions at 5382/5385.
And risk takers may consider squaring off their positions at 5315/5311/5290(5312 seems to be an ideal pla ce to square off short positions)
All stocks which have some relationship are bound to fall (say Hitachi) due to tsunami effect.

The global events indicate fall. and so any attempt to go long and swim against the the trend is not recommended.


sagi:D

Hi

I did not post after the above reco as there was no change in my re co in the interim period.

Markets ofcourse must have given a freight to those who held their shorts .

But then stock market is for those who have steel hearts .And it is definitely not the place for Lily levered who would lose on account of panic even if they hold all the ACES in their hand . .So I would ask them to hone their knowledge on Technical and Fundamental analysis and also keep asbreast of market sentiments.( i was totally surprised by bullish calls of the brokers on nifty . in their desire to make money for themselves , they lead the gullible traders to the Chopping Block.

As i had mentioned earlier , yesterday the

nifty closed at 5373 and i had asked the readers of my column ( who want safety }to square off their shorts at 5382/5385 levels. People who had followed me and had faith in my calls would have danced their way to banks.


I had also asked thee risk players to hold for further gains and had give those levels .I hold by those levels even today

However coming to the day trading levels for spot nifty

resistances ::5481/5454/5437/5409/5382
supports:5365/5337/5310/5293/5265



All said and and done the possibilioty of nifty touching 4885 is not ruled out. so players beware, as that would be about 10% lower from here and long term investors will get a beautiful oppurtunity to buy excellent stocks at very attractive levels.

In my thread stocks thwet perform well , i will give a list of about 30 stocks in small , medium and mid cap for investors to choose and benefit
happy investing

sagi:D