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