Market Update - 28th Feb - After Market

You can see that exactly at the support of 8800, market reversed back
again. This is more of volatility due to the event.

Market is still "Buy on Dips".

Market Update - 28th Feb - After Budget Speech

Market has strong resistance at 8930-8950 and market is failing
to cross that.

Now 8800 is important, if it breaks, there will be big selling coming in

You can go short with stop loss 8950 (closing basis)

Market View - 28th Feb 2015

The "D-day" is now here.

The Big Budget day which everyone is waiting for is now here.

Market has too many shorts which have been rolled over to this series.
And option data shows that 9000 is still a strong resistance.

Market may now open tomorrow around 8930-8950 and may even test
9000. But very unlikely to hold and close above 9000.

If it closes above 9000, then we may see further rally. Else we need
to closely watch and see if there could be any reversals coming in.

There is a popular saying in the market - "Buy on Rumour, Sell on News".
Since market has moved up, now after tomorrow's event if market does
not sustain, then we could probably see profit booking coming in.

Keep trailing stop loss and preferrably book profit around 8950-8980.

Market View - 27th Feb 2015

Market needs to hold 8700 for market to recover.

Once it holds, it may retest 8800-8900

Today it seems to open positive, if it holds, we could
see market moving up today.

Market View - 26th February 2015

Market as I have described has been having strong support at 8700-8750.
Long term support lies at 8400-8450

And the resistance comes around 8900-8930.

Market might be in this range till budget and the direction may be seen
maybe in a week or so for clear direction.

Looking at the current option data, market seems to be in the range
and it is better to trade on specific stocks only.

Market @ Make or Break Point for Short term

If Nifty cannot hold 8700, then we could see good fall.

There are many Hi-beta stocks showing weakness.

Automobiles, Banking, Pharma, Real Estate sectors are
showing weakness. So it is better to avoid long positions.

The weakness should be used for Buying good quality stocks
for long term investments.

Market Outlook - 24th February 2015

After todays downfall, you might feel that the market has reversed.
But there is no such signs. There is no reversal signs seen.

But the option writing data has been now in control of call writers,
which suggest that we may seen more downside in near term.

And March option data has no much roll over, which also is not giving
much comfort.

So trading in Nifty would be more riskier on either side.

Now all eyes are on the Budget event:

Thursday - Railway Budget & February Expiry
Friday - Economic Survey Report
Saturday - Union Budget

The stocks which were supposed to move due to budget have already
moved up. Now since there is too much of hopes built into budget,
and the run up in the prices have already priced in. So for market to go
up, we may need more support.

Currently Bank Nifty has not been supporting and hence Nifty is finding
difficult to hold levels.

Looking at all these data, i see that we might re-test 8500 on the lower side.
8900 is now acting as strong resistance, so either buying to be done @ 8500 levels
or above 9000 levels.

Preferably you could avoid trading in Index and look for stock specific opportnities

Market Update - 23rd February 2013 - 3:30 pm

Market has too much shorts and have broken 8750.

Now we need to see if 8700 hold, if not we could see market
move towards 8600

Bank Nifty has broken 18800, which can lead the fall.

If we do not see support coming in from Banks, the downfall
can now increase.

Market may now be in a range. 8500 on the lower side will
act as support & 8900-9000 will act as resistance.

Market Update - 23rd Feb - 2:30 pm

Do not get confused with the profit booking. This is opportunity
to Buy. You can Buy now, with stop loss below 8750 (closing basis)

Trend has not changed. It is buy on dips only.

Market Update - 23rd Feb 2015

USA and Europe have made lifetime new high and closed above them.

Europe tensions are now over as deal has been agreed upon, so the uncertainity
in global markets are now over.

From today, Budget session is started. So we should see some good momentum
built up.

Intraday Support: 8880, 8840
Intraday Resistance: 8880, 8900

Looking at current market movement, we may see good momentum that could
be picked up as there are too many shorts which have got built up.

If short covering is able to break 9000, we could see further rally.

Keep stop loss below today's low and hold your Nifty positions

Market Update

Market has been in a range from very long time and looks like
it would continue to be on the same side until Bank Nifty starts
giving support.

8800 will be strong support and 8900, 9000 will be strong resistances.

So market may continue to move between 8800 to 9000  until it
gives decisive break above 9000. Though there are minor corrections,
they are to be used only as buying opportunity as supports are equally
strong.

If market needs to make new high, Bank Nifty has to extend its
support. Till then, we may not see any significant upside or downside
movement.

So probably trading in index could be avoided for some time and
focus could be made on individual stocks.

Market View - 20th February 2015

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You can see the accuracy of our supports and resistances.

Market made high of 8902 and from there it fell down 100 points
and later it made low of 8794 and later recovered from the low
to close at days high.

Market is "Buy on every dips". I have been telling you and you
can see it happening. 

Now the resistance is around 8930-8950 and later at 8980-9000.

Intraday Support: 8850, 8880
Intraday Resistance: 8930, 8950

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Market View - 19th February 2015

Market remains "Buy on Dips", but volatility will continue.

8900-8950 will continue to act as strong resistance. Once this is taken out and market closes above 9000, we can see short covering rally of 100-200 points.

Looking at the current pattern, we should be able to see 9000 levels by this weekend.

Intraday Support: 8800, 8840
Intraday Reistance: 8880, 8900 

Market View - 18th February 2015

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Market has continued its upmove and the trend is very strong.

Greece talks have not come to conclusion, but DAX has been ableto recover from the gap down it made today. This clearly shows thatthere is something much bigger news (Positive) which market knowsand that is the reason rally is on.

8800 will now act as strong support. With the current option data, i amnot seeing market going below 8800 (closing basis) till this expiry.

So tomorrow we have very good opportunity to Buy Nifty at opening,keep stop loss below 8780.

Intraday Support : 8780-8800Intraday Resistance: 8840, 8880Hold all your longs tight, we can very soon see 9000 levels on Nifty

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Market Update - 12th Feb 2015

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You can see that market took support at exactly the same level
which I have mentioned on previous post.

CAC made lifetime new high yesterday and DAX has made
lifetime new high today. This means that the uncertainty in
Greece is over. Though it is not in the news, but market knows
about something which media has still not announced.

Buy Nifty, Bank Nifty and hold tightly till expiry. You will
make killing income.

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Market View - 12th Feb 2015

My view has been "Buy on Dips" and it would continue to be the same.

The Put-Call Ratio has started improving. We can see that the Puts are getting
written at all lower levels and call writings are getting covered at higher level,
which signifies that the buying has been happening at lower levels.

Market might be volatile but the direction is clearly on the positive side.

8500-8530 has been a critical area which has support from multiple calculations.

Since volatility cannot be ignored, we might see sharp corrections which are
not to be confused for selling. They are opportunities for buying.

For this series, as per the current data, 8500 looks like the floor and 9000
as a roof. As the data changes, i will keep you posted.

For Intraday, supports will come @ 8590-8600
and Resistance @ 8650, 8680

Momentum will pickup only when Nifty starts trading above 8650
and after it crosses 8720 decisively, momentum will increase.

Market Getting Ready For a Very Big Global Rally

Europe & USA markets are nearby to their life time highs and now
they can support the rally in Indian markets.

With the Union Budget being the next big event that market will be
looking at, there would be pre-budget rally which can be seen in the
market in coming days.

CAC has already made new life time high today.
DAX is just 50 points away from its life time high
and FTSE is just 100 points away from its lifetime high

Dowjones needs around 300 points and S&P around 30 points to
make lifetime new high.

This is a rare setup and we have just corrected 50% from 900 points
rally last month and now ready to participate in the global rally.

If what I am seeing happens, we might see Nifty touching 9200-9300
or even 9500 in this month's series itself. So look for opportunity to
Buy on all dips, and hold your long positions tightly.

Look at My Post on 5th February

You can have a look at what i had mentioned on 5th February:
http://nsebseintradayindia.blogspot.in/2015/02/market-view-for-5th-feb-2015.html

Look at the levels on Nifty and Bank Nifty that I had specified.

The place to go long and cover shorts were at 8450 and 18,300.

You can look at todays Nifty low - 8470.5
and Bank Nifty low - 18,226.9

You can see the level of accuracy to predict reversal points a week ahead of time.

And today morning itself, i have mentioned that market has reversed and
you could see the magic.

Market would be highly volatile in the coming days, but the momentum
is clearly on the upside. So do not try to short in the market. Look for all
dips to Buy.

Market Volatile, But has reversed

Market is volatile but clearly we have seen reversal of trend.

Now on every dip, look for opportunity to buy and hold. We are
getting ready for a bigger rally.

Do not get carried away by volatility and get into wrong side.

Now just look for opportunity to buy on every dip.

Banking, Auto will lead the rally.

Nifty levels to be watched

Now as I have told you market has reversed. Do not short now in the market
and look for opportunity to Buy on every dip.

Immediate targets for Nifty - 8650, 8710, 8750, 8840, 8880

Above this resistance comes at 8930, 9000. These resistances would be not
very easy to break. Once they are broken, there could be further rally towards
9200-9300 or even 9500 in the coming days.

Watch S&P levels of 2088. Once that closes for 2 days above that, we could
see big rally globally.

Market Update - 10th Feb 2015

You can see that market has seen some bounce back from 8470 levels.
If you see my earlier post, i was telling you about 8450 levels.


Market has reversed now. You can start seeing market moving up now.

Market Outlook - 10th Feb 2015

Most of our targets have got achieved. As per my earlier post, the option
data was showing 8500 as the strong support. Now that has shifted to
8300. So we may further see more downside in the coming days.

Tomorrow we have Delhi election results. If the results come inline with
what exit polls are suggesting, there could be panic selling that might
come which could easily take the market towards 8300.

Supports to be watched for Nifty - 8450, 8380 and 8330.

Once it starts taking support, we could see buying interest coming in.

Market Update - 9th Feb 2015

You can see that Nifty has been breaking supports one after another.

Since AAP shows huge majority as per exit polls, it is a sentimental
dampener for the market. Along with that S&P has downgraded Greece.
So overall market conditions could bring Nifty further down.

Options data have started showing that there is possibility of Nifty even
moving towards 8300. The Nifty levels to be watched are - 8530, 8450,
8380, 8330.

Bank Nifty will have supports at 18500, 18300, 18000, 17800, 17500.

Only after you can see prices taking support, we might see some buying
coming in. Until then, we need to be on short positions only.

DLF Update - 5% down

DLF has hit all the targets specified by me yesterday.

As you could see that it had hit my 1st target and later reversed

and triggered stop loss. And you see that I had mentioned clearly

that it is still a sell on rise counter.

Market View - 9th Feb 2015

As you could see, market has been continuously breaking supports
and moving down further. Now the next support everyone is watching
is 8630.

After this, the next significant support will come at 8530, 8450.

For Bank Nifty, i would see that the significant support comes at
18,300 - 18450. Once market comes around this price, it would be
great price to go long.

Look out for the Nifty levels of 8450-8500; and Bank Nifty levels
of 18,300-18,450 to cover all short positions and when they start
moving up from there, you could go long.

This may happen in the coming week as we have a lot of events
lined up. On 9th Feb, we have Quarterly GDP data coming in.

On 10th Feb, Delhi Election results will be Out.

On 12th Feb,  CPI and IIP data will be out.

And on 13th Feb, we have SBI results. There are whole lot of events
lined up and they all would now show direction for the market.

Market Outlook - 6th Feb 2015

Nifty has been in corrective mode and as i have been re-iterating,
all the rallies need to be sold into.

Today we had a Bull Trap, where it looked as if the market had
reversed and finally it was even able to break 8700 on intraday
basis.

Now market will move towards 8630-8650. After this the next
halt is at 8570 and later 8530. These are all important levels to
be watched.

All global markets are also topping out and may create more
pressure. 

Market View for 5th Feb 2015

As I have been re-iterating, Nifty and Bank Nifty is "Sell on Raise".

8700 is acting as strong support and it is about to get broken tomorrow,
Once that happens, you can see huge selling since a lot of stop losses would
get triggered and there would be euphoria in the market.

The immediate support would come at 8630-8650. If that fails to hold, the
next support would be @ 8530.

Bank Nifty has strong support around 18,300. So if it comes towards that,
it is good opportunity to accumulate. Cover all the short positions there.

As per option data, the maximum downside that we are seeing for this series
as per today is around 8450. So if market comes at these levels in the next
2 days, instead of getting scared look for opportunity to Buy.

DLF Update

Though DLF went up today, it has strong resistance @ 180

If you see it touched our 1st target and then went up and
hit stop loss.

It is better to short DLF and if at all fresh buying will be only
after it closes above 180.

Support looks strong @ 165, so one should trade carefully.

Sell DLF @ 171-173

Sell DLF @ 171-173
SL - 175
Target  - 165, 160
Duration - 3 days

Market View For 4th Feb 2015

My view for the market remains the same. It will still be "Sell on Rallies".

The immediate resistance for the market is 8780-8800

Market will be moving towards 8630-8650 once 8700 is broken.

The volatility can still be there but market will correct from here.

Market might move stock specific but overall the short term trend would
still be negative.

Market View for 3rd Feb 2015

As I had suggested, market has been in the mode of "Sell on Rallies".

Now if this needs to get changed, there should be rate cut again tomorrow, which
might be unlikely to occur.

If that happens, then the correction might end and we may resume uptrend.

But until it happens, we should not speculate.

The immediate resistance comes @ 8850-8870

If market moves beyond 8930 by 11am, there is likely possibility of rate cut, else
the higher level you could see would be a place where you could short Nifty and
Bank Nifty.

Bank of Baroda Update - 5% down

Our Sell call on Bank of Baroda has been on right on target.

It has been showing huge selling pressure from the morning.

It has already gone down by 5% for today.

We may even see the levels of 175-180 in coming days

Nifty Update

As you can see the correction in Nifty is getting deeper. It was not even
able to give a decent bounce back also since morning.

This shows that the weakness has been quite heavy and it make show
much more lower levels.

Now the immediate support is 8740, which once it fails to hold, we could
see fall towards 8600-8630.

Here we could see some good support. But we need to wait and see if
this could hold. 

Market has Reversed - Sell On Rallies Now

You can see the Nifty chart and the Channel which I have been referring to.

There was a false breakout which made all analysts confuse and have to asking

to Buy on all dips.

Now we see 2 reversal patterns on 30th Jan 2015. There is Double Top, as well

as Bearish Engulfing that has happened on Nifty charts.

Now until market closes above 9000, there is no buying opportunity. 

Or market needs to show reversal at the support area.

Market may now test 8600-8630 in the coming days. That could be short term

support. And the maximum downside that we are see at this point of time is

around 8300. So that could be area where you could look for buying. 

I am not telling that it may correct till that, but if it does, that would be a very good

place to buy.