Market View - 28th July 2015

Market has broken important support of 8500 and has closed below this.

If you see market is in a range of 8300-8500 and we may again see this
continuing to trade in the same way.

8200-8300 will be support now and until market closes above 8500,
the weakness may persist.

Market View - 17th July 2015

As you can see market has clearly shown its strength and broken all the resistances.

I have been recommending buying from 8000 level onwards and all analysts have
been talking about it now.

Market is very strong and will continue to keep moving higher and higher.

100-200 points of correction may come anytime but market will move towards
9000 in this series or next month series and would make new highs.

Immediately 8500 will act as strong support. So any minor dips you get should
also be used for buying only.

Market View - 6th July 2015 - 1:10 pm

Market has shown its resilience and clearly that it is not getting
affected by Greek referendum. All the fears about Greece may
not affect indian markets. Book loss in shorts and go long.

Our earlier prediction of 9000 for nifty holds good.

Market View - 6th July 2015 - 10:15 am

As i had mentioned in the morning, market has started showing weakness.

Now we can go short @ 8420-8430
SL 8500
Target 8300, 8200, 8100
Duration - 3 days

If market does not make new low on closing on any of the days, that would
be end of correction and market will again bounce back with great momentum.

So hold cash on hand and buy at lower levels. This series is going to make
lot of money for long traders.

Market View - 6th July 2015 - 9am

Market is at a crucial level and the Greek referendum has received "NO" Vote.

This means Greece may exit Euro zone which can bring volatility in the market.
It is better to go with strict stop loss for all long positions and try to book profits
and exit.

If market closes negative today, then we may see some correction which would
be opportunity to buy.

So short term traders need to be careful with their long positions and if market
fails to move higher, we can look for shorting opportunities.

Market Update 2nd July 2015

As informed earlier, market has clearly shown that the correction is over and
now any dip you get would be an opportunity to Buy.

Banks will lead the entire rally and this is time to build portfolio in banking
stocks. There would be considerable amount of upside in the coming days.

Market would continue to rally once it breaks 8500 as a very important
formation called 'Inverse Head and Shoulder' is formed. The target for
this pattern would come around 9000 for Nifty.

And Bank Nifty has formed pattern called 'Cup and Handle' for which
the target is 20000.

So any dip should be opportunity to go long. Hold the stocks or Nifty
future with a perspective of a month or more and invest. The returns
would be fabulous.

Stop loss for the trade should be kept at 8380 for Nifty and 18350 for
Bank Nifty on closing basis.