Market View 14th Jan 2016

Yesterday's market has shown a great sign of confidence with market
recovering most of the loss it made earlier during the day.

This is a sign early reversal. Now tomorrow market needs to hold
and close above 7562 and continue to move towards 7600 to give
confirmation. If that happens then it would now be a great reversal
of trend and we may see market now towards 7800-8000 again.

With almost one year in a range and consolidation, market may
now get ready for a massive rally.

Buy Nifty at these levels, downward risk is just 50 points and
upward potential is close to 400-500 points.

Market View - 5th Nov 2015

You can see that from the time i had mentioned selling at Nifty around 8300 range,
market has failed to move up and started falling and now around 8000 is a temporary
support.

The Support at 8000 can temporarily support but may not be able to hold for long time.
It has already given a bounce one time and tried crossing 8100 but could not sustain.
This may repeat again and probably it may cross 8100 and give a feeling that now it
will start moving up again but this series would see lower levels.

So do not get trapped at any buying. This series would be sell on Rallies. Whenever
market would try to move up and fail, you would get very good shorting opportunity.

We can see levels of 7800 in this series and if it fails to hold, we may see more
blood bath. So hold on with cash for any buying. Once it sustains, there is definitely
a good opportunity to buy for long term perspective.

Banks have almost consolidated for a long time and now after the correction, it would
be best time to invest with them. 

Market View - 21st October 2015

Till now market has been positive, but now it is loosing steam.

There is gap at 8320 and nearby that it has taken resistance. The option data
suggest that for this month, we may see market in the range between
8000-8300.

So now it is better to be on the selling side. So book all profits and wait for
the dip to buy.

Sell Nifty Futures @ 8250-8260
SL 8320
Target 8180, 8130

Duration - 2 to 3 days

Market View 9th Sep - 9:30 am

Looking at the way now the options data is emerging, market is headed
for a big movement on the upside.

You can see that I have been recommending to buy as the downside is
limited. Now the major reason for the big fall (Bank Nifty) will take
lead and you can see big movement on the upside.

Keep buying on all dips and see the market moving towards 8000-8200
in the coming days.

Market View 7th September 2015

Market is still not stable and not able to hold and support. We need to wait
for right opportunity for trade. But for all investors, this is right time to
keep buying at lower levels with atleast 2-3 year horizon and you could
expect huge rewards over period of time.

Now the entire concentration of options have shifted from 7800 to 7500,
suggesting that the downside is still there.

Market View 2nd September 2015

Market now looks very attractive and this is a place you should start
buying. Panic in the market has ensured all weak players are away
and smart money will start buying at this level.

Looking at option data, the maximum downside is around 50 points
and now the series can see a good price wise movement towards
8200-8300 in the coming days.

Buy on every dip and we should start seeing market moving back
to its earlier ranges of 8300-8500 once the initial hurdles of 8100
is taken away.

Market View - 27th Aug 2015

As I had explained earlier, market has fallen deeply and now most of us are afraid of the
market and there is panic in the mind of people and here we can get best deals for the stocks.

There is not much downside in the market and when market re-test its previous low, it will
be best place to buy and we will see a big upside movement in the market. So keep your
cash ready for buying and you will see that it is the best investment opportunity for this
year.

Market View - 24th August 2015

On Friday, USA and Europe markets have cracked huge and it generates worry.

Now since expiry is nearby and we are around the supports, market may give
some bounce. But the volatility may exist for quite some time. It is better to
avoid buying in the market and exit all longs on the bounce.

Buying is advised only after market settles down as we see more cracks in the
market in the next series looking at USA market crackdown and major worry
is from the Shanghai market which has cracked very badly.

Out of all the other markets, India is still better and has not lost much compared
to all other markets. After market settles down, it will provide excellent opportunity
to buy again. But till then avoid buying.

Long term investors need to look for buying opportunity at all corrections around
7800-8000 in good quality companies.

Market View - 13th August 2015 - Before Market - 8:15 am

As you could see that from the levels mentioned, market has slipped drastically.

Now we are in oversold territory and yesterday put writing started in 8300 levels.
This would restrict the maximum downside to 8250.

So today in the first one hour if market moves down, it is an opportunity to exit
all short positions and take a fresh buying around 8300 after recovery.

Now market looks fairly valued and market should start moving now towards 8800
levels. In the coming days you would see big rally in the market, get ready to buy
at lower levels.

Market View - 9th August 2015

You can see after the RBI policy, market fell drastically and later recovered
but still it is not able to cross the hurdle.

Looking at the pattern, market is still range bound, bulls might have made
some progress of moving the range from 8300-8500 to 8300-8600.

We are in the upper part of the band and it is difficult to sustain at higher
levels until there is any good positive news.

Since the parliament session is completely washed out, there is hardly any
good news that we could expect from there. Results have been mixed and
hence there could not be anything great expected from there also.

Finally, Rajan has also maintained a pause on the rate cut, so there are hardly
any possibility of good news, until we get a surprise from somewhere else.

Banking sector is now facing good resistance at 19000-19200 level. Until this
level is breached with good volumes, we may not be able to see any
sizeable movement in the index.

We can look for shorting opportunities in the PSU banking stocks as they
are in highly overbought zone and they have started showing cracks.

Market View - 4th Aug 2015 - 10:45 am - Before RBI Policy

Market is showing stiff resistance @ 8550 levels and Bank Nifty is also
failing to cross 19000 levels.

Market can correct back to 8300-8200 levels in the coming days,

Sell at current levels with 10 points above days high as stop loss.

Sell Nifty @ 8530-8550
SL 8585
Target 8420, 8350, 8280, 8250

Sell Bank Nifty @ 18930-18950
SL 19030
Target 18700, 18500, 18300, 18000

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. 

Market Update - 1st July 2015 - 9:45 am

The market has started moving up and has shown that the fall was just
a false breakout as the Greece default was already known to the market
and it has digested it.

Now the market is hoping that the bailout plan would be signed on 5th
July and now it has started anticipating and rallying for the same.

8450-8500 is a strong resistance. If it is broken with volumes, market
can move towards 8700.

ICICI Bank Update

ICICI Bank achieved our target and even went below that.

It was one of the top loser of Nifty yesterday.

Market Update - 30th June 2015

As you can see, within one day our target was achieved and option traders have
doubled their income.

The volatility has increased and there are some positive divergence on the charts.
This means that whatever bottom is formed, it would be a great opportunity to go
aggressively long as market may bounce back very strong.

But for the time being market is still weak and market has potential to retest 8000
and maybe go below that also.

Be on short side as traders but sell only on rallies. Do not sell low, you would get
stuck and volatility would trigger stop losses.