WEL COME TO AARTH INFOTEC

MARKET OUTLOOK

2012-02-17T00:48:00.004+05:30

NIFTY AFTER THE BLAST OFF BREAKOUT UP MOVE ON WEDNESDAY TOOK A WELL DESERVED PAUSE THAT MAKES IT FIGHTING FIT FOR ANOTHER BLAST OFF TOWARDS THE LOGICAL 61.8% MAJOR FIBO LEVEL OF 5646 IN A DAY OR TWO. THE AMOUNT OF VOLUME COMING IN DURING THE RISING STAGE OF MARKETS SUGGESTS THAT HEAVY BUYING IS TAKING PLACE AS IT IS CERTAIN NOW THAT NIFTY WILL SURELY BYPASS THE EARLIER HIGH OF 6338 IN QUICK TIME. EVERY INTRADAY CORRECTION IS HEAVILY BOUGHT INTO THAT OFFERS NO OPPORTUNITY FOR BEARS TO QUIT AND THE SHORT COVERING BY THE BEARS ADDS FURTHER UPWARD MOMENTUM TO THE MARKETS. THE WAY SPOT NIFTY BOUNCED BACK ON THURSDAY, AFTER SLIDING BELOW 5500 TOWARDS 5484 TO MOVE UP & CROSS 5500 AGAIN TO CLOSE ABOVE IT, IS A CLEAR INDICATION THAT IT MAY BE TOUGH FOR THE BEARS TO EVEN CLOSE NIFTY BELOW THE 5500 MARK TILL EXPIRY & THE WAY THINGS ARE SHAPING UP, ONE SHOULD NOT BE SURPRISED TO SEE 5600 OR HIGHER EXPIRY ON THURSDAY 23^RD FEB. THE CORRECTION EVEN IF IT COMES MAY BE IN THE FORM OF INTRADAY CORRECTION OR A DAY OR TWO OF FLAT TYPE PAUSE.

THE DAILY CANDLE OF THURSDAY HAS MADE AN INSIDE BAR DOJI TO THE MASSIVE GREEN CANDLE OF WEDNESDAY. GENERALLY IN MOST CASES THIS TYPE OF DOJI INSIDE BAR SETUP AFTER A BREAK OUT MOVE IS A PRECURSOR TO ANOTHER BIG UP MOVE. UNLESS THERE IS A NASTY SURPRISE FROM EXTERNAL MARKETS OR A CATASTROPHIC EVENT TO TOPPLE THE BULLISH SENTIMENT, SPOT NIFTY UNDER NORMAL CIRCUMSTANCES SHOULD BREACH THE HIGH OF THE MOTHER CANDLE OF THE DOJI INSIDE BAR SETUP AROUND 5542 SPOT TO SHARPLY MOVE UPWARDS FOR 5600 NEARER TOWARDS THE 61.8% FIBO LEVEL OF 5646 SPOT IN A DAY OR TWO. IN THE INTRADAY 30 MINUTE CHART ABOVE NIFTY IS SAILING SAFELY ABOVE THE TRIO OF 20, 34 & 50 EMAS AND ALL THESE EMAS ARE ALSO SLANTING UPWARDS. THIS COUPLED WITH THE BULLISH LOOKING SLOW STOCH IS A CLEAR SIGNAL FOR INTRADAY TRADERS TO BOLDLY BUY THE DECLINES. EVEN THE HOURLY CHARTS ARE ALSO WITH HIGHLY BULLISH INDICATORS TO SEE A GOOD UP MOVE AFTER EVERY PAUSE.

FOR FRIDAYS TRADING PURPOSE THE FACTORS WHICH MAY AFFECT THE PRICE ACTION OF NIFTY ARE :- FIRSTLY THE WEEKEND CONSIDERATIONS. LAST FRIDAY NIFTY HAD MADE A SPOT CLOSING OF 5381 AND AFTER 6 CONSECUTIVE WEEKS OF +VE CLOSINGS IT MAY BRING IN A FEELING THAT NIFTY SHOULD CORRECT. BUT WITH ELLIOTT WAVE INDICATING FURTHER UP MOVE AS PART OF 5^TH SUB WAVE AFTER THE WEDNESDAYS BREAK OUT, EVERY MENTION OF CORRECTION WILL SEE SURPRISE SHARP UP MOVE. AFTER THE 1^ST SUB SUB WAVE BREAK OUT UP MOVE ON WEDNESDAY, THURSDAY SAW A PAUSE AS THE 2^ND SUB SUB WAVE. MOST LIKELY FRIDAY OR TUESDAY NEXT WEEK AFTER THE LONG WEEKEND WITH MONDAY ALSO BEING A HOLIDAY, WILL SEE THE MEGA 3^RD SUB SUB WAVE TO SAIL PAST THE 5600 MARK TOWARDS THE CRITICAL 5646 LEVELS. MOST LIKELY NIFTY THIS WEEK WILL MAKE IT THE 7^TH +VE WEEKLY CLOSING & NEXT WEEK ALSO WILL SEE NIFTY MAKING IT THE 8^TH +VE WEEKLY CLOSING.

FOR INTRADAY TRADING PURPOSE, THE OPENING MAY BE IN LINE WITH THE ASIAN MARKETS MOST OF WHICH MAY LOOK MILD AFTER DOWS CHANGE OF GEAR TOWARDS END TO CLOSE FLAT OR MILD ON SOME PLANTED NEWS IN US. EVEN IF NIFTY OPENS FLAT OR MILD, IT WILL AGAIN CHANGE TOWARDS BULLISHNESS TO CROSS WEDNESDAYS HIGHS TO MOVE TOWARDS 5600 LEVELS. AS CAN BE SEEN IN THE INTRADAY CHART ABOVE, SPOT NIFTY MAY SEE A QUANTUM JUMP IF IT BREACHES AND SUSTAINS ABOVE 5525 THAT SHOULD GIVE IT ANOTHER 40 POINT RISE EQUAL TO THE BREADTH OF THE BLUE RECTANGLE AS CAN BE SEEN IN THE CHART ABOVE. THE HIGH OF THE 2 IN 1 OUT SIDE BAR AT 5525 WHEN BREACHED WILL ACCELERATE THE UPWARD MOMENTUM. IN ADDITION TO SPOT NIFTY, NIFTY FUTURE ON BREACHING 5552 WILL SE A 40 POINT RISE TOWARDS 5590 AND A LITTLE BIT OF ADDITIONAL SHORT COVERING MAY SEE NIFTY FUTURE CROSSING THE 5600 MARK.

SIMILARLY ON THE LOWER SIDE, NIFTY FUTURE HAS INITIAL SUPPORT AROUND 5522 FOLLOWED BY 5500. NIFTY SPOT FINDS MAJOR SUPPORT AROUND THE BASE OF THE BLUE RECTANGLE AROUND 5484 THE LOW OF THURSDAY. A DECISIVE BREACH OF WHICH MAY SEE A 40 POINT FALL TOWARDS SPOT 5444 VERY NEAR TO THE MAJOR 50% LEVEL OF SPOT 5434. MOST LIKELY AFTER THE CORRECTION OF THURSDAY NIFTY SHOULD MOVE UPWARDS EVEN AGAINST THE FEAR OF LONG WEEKEND. BUYING MAY BE PLANNED ON CROSSING OF SPOT 5532 AND ALSO ON A FALL TOWARDS THURSDAYS LOWS. THE LAST FEW MINUTES OF THE CLOSING TIME PROFIT BOOKING FALL MAY BE USED TO BUY FOR LONG TERM DULY HEDGED BY SHORTING SOME OUT OF THE MONEY CALLS . A THURSDAY TYPE INTRADAY CORRECTION IF COMES ON FRIDAY, IT SHOULD BE FULLY USED TO BUY FOR LONG TERM EVEN THOUGH THE PHOBIA OF LONG WEEKEND IS THERE.

BAJAJ AUTO

2012-02-16T23:43:00.003+05:30

RISK LOVERS ::::

BAJAJ AUTO :::::

BUY ABOVE >>>> 1818.30

SL 1783.00

TGT 1843.20-----1869.10-----1900.80-----1920-----1945.60----1966.10----1986.60-----2027.50

IT IS WEAK BELOW <<<<< 1774.10

GOD IS GREAT

STOP LOSS HIT , SORRY FOR THE LOSS IF ANY

MARKET OUTLOOK ( 16 / 02 )

2012-02-16T08:37:00.000+05:30

NIFTY AS PER EXPECTATIONS OPENED GAP UP AFTER 7 DAYS OF CONSOLIDATION WITHIN THE 4^TH SUB WAVE FLAT AND THE 5^TH SUB WAVE THAT HAS STARTED HAS MANY MANY MANSIONS TO CLIMB TO COMPLETE THE 1^ST UP WAVE THAT HAD STARTED FROM 20 DEC 2011 LOW OF 4531, BEFORE THE CORRECTIVE 2^ND WAVE TAKES EFFECT POSSIBLY AROUND THE BUDGET TIME. THIS 5^TH UP SUB WAVE THAT HAS STARTED FROM THE 4^TH SUB WAVE LOW OF SPOT 5323 SHOULD GENERALLY BE EQUAL TO THE 1^ST SUB WAVE OF 270 POINTS THAT WAS BETWEEN THE 20 DEC LOW OF 4531 TILL 27^TH DEC HIGH OF 4800. BUT WITH THE 3^RD SUB WAVE FROM THE 2^ND JAN LOW OF 4588 TILL 14^TH FEB HIGH OF 5428 HAVING 860 POINTS IS ALREADY MUCH LARGER THAN THE 1^ST SUB WAVE OF 270 POINTS, ONE SHOULD NOT BE SURPRISED TO SEE EVEN THIS 5^TH SUB WAVE BEING HIGHER THAN THE 3^RD SUB WAVE THAT SHOULD ENCOURAGE TRADERS & INVESTORS TO MAKE FULL USE OF ANY INTRADAY PAUSE OR ANY CORRECTIONS TO BUY FOR GREAT GAINS IN NEAR FUTURE. IN THE VERY SHORT TERM AFTER HAVING BREACHED THE 50% RETRACEMENT LEVEL OF 5434, SPOT NIFTY SHOULD EASILY EYE FOR THE LOGICAL 61.8% FIBO LEVEL OF 5646 BEFORE ANY LOGICAL PAUSE OR CORRECTION CAN BE ANTICIPATED.

DOWS OVERNIGHT FALL ON WEDNESDAY IS NOTHING UNCOMMON & IT IS A ROUTINE AFFAIR WHEN ENTIRE ASIAN MARKETS HAD MOVED UP IN THE MORNING. INTERESTINGLY DOW WHICH WAS MADE TO LOOK MILD & FLAT WHEN EUROPEAN MARKETS WERE TRADING, WAS ORCHESTRATED FOR A BIGGER FALL TO NEARLY 100 POINTS JUST AFTER THE CLOSURE OF MOST OF THE EUROPEAN MARKETS IN GREEN. SO ONE CAN UNDERSTAND HOW THE NOTORIOUS OPERATORS MANIPULATE EVEN DOW TO INFLUENCE WORLD MARKETS. THIS NEGATIVE DOW WILL ADVERSELY INFLUENCE ITS ASIAN WHIPPING BOYS LIKE KOREA, HONG KONG, SINGAPORE, TAIWAN ETC WHICH IN TURN WILL HAVE A NEGATIVE INFLUENCE ON THE OPENING OF INDIAN MARKETS THAT WILL OFFER THE IDEAL OPPORTUNITY FOR TRADERS & INVESTORS OF INDIAN MARKETS TO BUY THE DECLINES. AUSTRALIAN INDEX THE BOSOM FRIEND OF DOW HAS ALREADY DISPLAYED ITS COMRADESHIP TOWARDS DOW THIS MORNING.

THE RISE IN THE INDIAN MARKETS FROM THE VERY FIRST TRADING DAY OF THE YEAR IS PART OF A FRESH BULL MARKET AND EVERY OPERATOR INDUCED FALL FOR THEIR OWN LONG ENTRY SHOULD BE TAKEN AS A GOD SENT OPPORTUNITY BY INVESTORS TO BUY & HOLD ONLY. UNLESS THERE IS A CATASTROPHIC EVENT OR A VERY BAD BUDGET, THIS BULL RUN IS GOING TO LAST AND LAST VERY LONG AS A MEGA BULL MARKET . SO, MAKE USE OF THE PAUSE & CORRECTIONS TO TAKE FULL ADVANTAGE OUT OF IT. MANY SHORTERS ARE BADLY TRAPPED BY HEAVILY SHORTING THE MARKETS JUST BEFORE THE RBI’S SURPRISING BENIGN ANNOUNCEMENTS & THESE SHORTERS WILL TRY THEIR BEST TO PULL THE MARKETS DOWN BY PLANTING ADVERSE STORIES THROUGH NEWS CHANNELS. MAKE FULL USE THESE ORCHESTRATED PAUSE OR DECLINE TO BUY ONLY AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN ABOVE THE 50% RETRACEMENT LEVEL OF 5434.

FOR THURSDAY’S TRADING PURPOSE, THE OPENING MAY BE ADVERSELY INFLUENCED BY NEGATIVITY IN SOME OF THE DOW GUIDED ASIAN MARKETS BUT ONE SHOULD NOT BE SURPRISED TO SEE INDIAN MARKETS SHOOTING UP AGAIN AFTER THE INITIAL DOW INDUCED FALL. THE MEGA GAP UP BREAK OUT RISE OF WEDNESDAY WITH RECORD VOLUME IS JUST THE INDICATION THAT BIG PLAYERS ARE GETTING IN AFTER NIFTY SPOT DECISIVELY BREACHED THE CRITICAL 50% LEVEL OF 5434 & MORE INFLOWS ARE LIKELY TO POUR IN ON EVERY DECLINE. FOR THURSDAY’S INTRADAY TRADING, AS SPOT NIFTY HAD CLOSED AT 5532 ON WEDNESDAY, IT HAS INITIAL SUPPORT AROUND 5510 TO 5505 FROM WHERE BULLS ARE LIKELY TO RE ENTER THE MARKETS IN A BIG WAY WITHOUT WAITING FOR 5500 TO BE BREACHED THAT MAY THREATEN THE CRITICAL INTRADAY SUPPORT OF 5494. A DECISIVE BREACH OF 5494 MAY SEE SPOT NIFTY SLIDING FURTHER DOWN TOWARDS 5482 FOLLOWED BY WEDNESDAYS GAP LOW OF 5460 TO BRING MORE & MORE BUYING .

SIMILARLY ON THE HIGHER SIDE, IN CASE THE ZONE BETWEEN 5510 TO 5494 IS PROTECTED BY THE BULLS, THEN ONE WILL SEE INFLUX OF HEAVY BUYING INTEREST TO PROPEL SPOT NIFTY TOWARDS 5552 FOLLOWED BY 5577 , 5592 TO HAVE THE SWEET SMELL OF THE 5600 LEVEL AT LEAST. INTRADAY TRADERS MAY BUY THE DECLINE IN CASE NIFTY SPOT IS MADE TO SLIDE TOWARDS 5500 TO 5494 WITH A STOP LOSS BELOW 5490 TO REVERSE FOR SHORTS. SIMILARLY BUYING CAN ALSO BE PLANNED IN CASE SPOT NIFTY CROSSES WEDNESDAYS HIGHS OF 5542 FOR QUICK GAINS AS SHORT COVERING WILL ONLY LIFT NIFTY FURTHER UP. EVERY PAUSE OR A MILD CORRECTION IS A SIGNAL TO BUY FOR LONG TERM AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN ABOVE THE 50% RETRACEMENT LEVEL OF 5434 OR SUSTAINS ABOVE THE 7 DAYS FLAT HIGH OF 5428. DURING THE RECENT RISE OF NIFTY, SOME INDEX HEAVY STOCKS IN THE SECTORS OF METALS, FMCG, PHARMA , BIOTECH, OIL & GAS WERE SUPPRESSED BY OPERATORS TO REDUCE THE ROCKET SPEED OF NIFTY. QUIETLY ACCUMULATE THESE GRADUALLY ON EVERY PAUSE & DECLINE TO SEE THE SHARPEST MOVE IN THESE STOCKS WHEN THE INDEX PAUSES OR CORRECTS.

THE DECISIVE BREAKOUT OF THE MAJOR RESISTANCE LINE COMING FROM THE TOP OF 6338 AND MORE IMPORTANTLY SUSTAINING ABOVE IT AS CAN BE SEEN IN THE CHART ABOVE IS NOT TO BE TAKEN LIGHTLY & A DECISIVE BREACH & CLOSE ABOVE THE CRITICAL 50% RETRACEMENT LEVEL OF 5434 COUNTED FROM THE HIGH OF 6338 TILL THE LOW OF 4531 IS THE GO AHEAD SIGNAL TO BUY EVERY DECLINE OR PAUSE FOR GREAT LONG TERM GAINS.

MARKET OUTLOOK ( 15 / 02 )

2012-02-15T00:10:00.004+05:30

NIFTY CONTINUED TO ENJOY THE HOSPITALITY OF THE 4^TH WAVE FLAT FOR THE 7^TH DAY IN A ROW SINCE 6^TH FEB WITH THE 100 POINT RANGE OF 5427 TO 5323 SPOT NIFTY LEVELS. IF THE TECHNICAL INDICATORS PROVE THEMSELVES RIGHT THEN ONE MAY EXPECT A MEGA BLAST OFF TOWARDS THE HIGHER SIDE ON BREACHING THE 50% RETRACEMENT LEVEL OF 5434 SUSTAINING ABOVE WHICH WILL INDUCE TRADERS & LONG TERM INVESTORS TO SCRAMBLE FOR BUYING ANYTHING AVAILABLE TO THEM. SUSTAINING ABOVE THE CRITICAL LEVEL OF 5434 WILL ALSO FORCE THE HARD CORE BEARS TO COVER THEIR FINAL TREASURE SHORTS AND JOIN THE BULLS BAND WAGON. ALTHOUGH THE DAILY INDICATORS LOOK HIGHLY OVER BOUGHT, THE FACT THAT THE WEEKLY & MONTHLY INDICATORS ARE GENERATING MEGA BUY SIGNALS, EVERY PAUSE OR EVEN MILD CORRECTION INDUCED BY MANIPULATED FOREIGN NEWS EVENTS WILL ATTRACT BUYERS & INDUCE BEARS TO QUIT THEIR SHORTS TO SEE NIFTY QUICKLY MOVING UP TO CLOSE BETTER . EVEN BAD RESULTS BY SOME COMPANIES OR MADE TO LOOK BAD BY THE FINANCIAL CHANNELS EVEN AFTER GOOD RESULTS, ARE BEING SEEN AS THE IDEAL BUYING OPPORTUNITY BY BIG FUND HOUSES SPECIALLY FOR THESE STOCKS AFTER THE POST RESULT DECLINES.

AS MOST OF THE EQUITY MARKETS OF THE WORLD ARE AT HIGH LEVELS, FRAUDULENT RATING AGENCIES WILL GET INTO ACTION TO PLAY THEIR DIRTY GAME OF DOWN GRADING NOT ONLY INDICES OR STOCKS BUT ALSO NATIONS AFTER NATIONS AS A WHOLE. NEVER ONE WILL FIND THESE MASTER CROOKS DOWN GRADING A COUNTRY’S ECONOMY OR INDEX OR STOCK WHEN THE MARKETS ARE WEAK. NOT ONLY THIS, ONE SHOULD ALSO BE PREPARED TO HEAR NEWLY PLANTED STORIES BY MASTER CROOK OPERATORS TO PULL DOWN THE MARKETS OR STOCKS FOR THEIR OWN SUITABLE ENTRY AT LOWER LEVELS. FINANCIAL CHANNELS WILL START TO ADVERSELY COMMENT ON OVER ALL POOR QUARTERLY RESULTS OF COMPANIES WITHOUT REALIZING THAT THE WORST QUARTERLY RESULTS OF MOST OF THE COMPANIES FOR QUARTER ENDING MARCH 2003 HAD SEEN THE LONGEST BULL MARKET FOR 5 YEARS IN INDIA JUST AFTER THE QUARTERLY RESULTS OF MARCH 2003 . SIMILAR WAS ALSO THE CASE AFTER THE DISAPPOINTING RESULTS FOR QE DEC 2008 AND INDIAN MARKETS SAW ANOTHER MEGA BULL RUN TILL DEWALI 2010 HIGH OF 6338. SO TRADERS & INVESTORS MUST MAKE FULL USE OF THESE FRAUDULENT MARKET WEAKENING ANNOUNCEMENT TO BUY ONLY FOR LONG TERM.

FOR WEDNESDAYS TRADING, IN CASE THE LAST HALF HOUR SPURT ON TUESDAY WAS NOT AN INTENDED BULL TRAP, THEN ONE MAY EXPECT THE ALL AWAITED CRITICAL LEVEL OF 5434 TO BE BREACHED OR ELSE ONE MAY CONTINUE TO SEE A FEW MORE DAYS OF RANGE BOUND MARKETS WITHIN THE TIGHT RANGE OF 5323 TO 5427 WITH INDIVIDUAL STOCKS MAKING UP FOR THEIR OPERATOR INDUCED SUPPRESSION TO MOVE UP TO THEIR DESIRED HIGHS. THE OPENING MAY BE IN LINE WITH SHIVERING ASIAN MARKETS UNDER THE FULL CONTROL OF DOW INFLUENCE, HOWEVER AFTER JUST A FEW MINUTES OF OPENING INDIAN MARKETS MAY REVERT BACK TO THEIR ORIGINALITY WHICH AS OF NOW LOOKS UP & UP ONLY. TOO MUCH OF STRESS BY FINANCIAL CHANNELS ON EUROPEAN CRISES OR MOODYS DOWNGRADING ETC CAN NOT CHANGE THE MARKET CYCLE WHICH IS UNIQUE OF ITS OWN & MOST LIKELY THE CYCLE HAS TURNED FOR UPSIDE FROM THE VERY FIRST TRADING DAY OF THIS YEAR.

FOR INTRADAY TRADING PURPOSE, SPOT NIFTY FINDS INITIAL SUPPORT AROUND 5414, BELOW WHICH 5400 SHOULD PROVIDE THE REQUISITE INTRADAY SUPPORT TO SPOT NIFTY. THE INTRADAY TRADING RANGE BETWEEN 5400 TO 5390 IS HIGHLY CRITICAL & IF BEARS WANT TO GAIN SOME THING THEN THEY SHOULD UNITE & PULL SPOT NIFTY BELOW THIS 5400 TO 5390 ZONE THAT MAY SEE A STONE LIKE FALL FOR SPOT NIFTY BY ABOUT 35 TO 40 POINTS TOWARDS 5360. A LITTLE MORE SLACKNESS ON THE PART OF THE BULLS AROUND THE 5360 LEVELS MAY SEE SPOT NIFTY SLIDING AGAIN TOWARDS THE LOWER CHANNEL AROUND 5323 SPOT IN NEXT ONE OR TWO DAYS. BOUNCING UP & DOWN BETWEEN THE UPPER FLAT LINE AROUND 5427 & THE LOWER FLAT BASE AROUND 5323 IS VERY NATURAL BEFORE THE MEGA BLAST OFF TOWARDS MUCH HIGHER LEVELS.

SIMILARLY ON THE HIGHER SIDE, A DECISIVE BREACH OF SPOT 5427 FOLLOWED BY SUSTAINING ABOVE THE CRITICAL 50% RETRACEMENT LEVEL OF SPOT 5434 WHICH TOO HAD FORMED AN OUT SIDE BAR SETUP BETWEEN 3^RD & 4^TH AUGUST 2011, WILL NULLIFY THE ENTIRE BULL TRAP PLOT AND INSTEAD WILL SEE NIFTY SPOT SHOOTING UP LIKE TRACER BULLET TOWARDS 5500 TO 5550 LEVELS BYPASSING ALL THE MINOR HURDLES ON THE WAY. BESIDES DOWS NEGATIVE FUTURES AS WELL AS PLANTED ADVERSE NEWS WHICH WILL BE FLASHED TIME AND AGAIN BY THE INTERESTED FINANCIAL CHANNELS TO HALT THE BULL RUN, EVEN HARD CORE BEARISH ANALYSTS WILL BE PULLED FROM WHEREVER THEY ARE TO PAINT SOME BEARISH PICTURE TO STALL THE UP MOVE. ALL THESE WILL BE THE REPEAT OF WHAT HAD HAPPENED IN 2003 & 2009. WELL, THE MARKETS CAN NOT MOVE UP IN A STRAIGHT LINE & IT HAS TO PAUSE AS IT HAS DONE RECENTLY FOR THE LAST 7 DAYS BUT THIS PAUSE AFTER A BIG RISE IS A PRECURSOR TO ANOTHER BIG MOVE & SHOULD BE FULLY MADE USE OF.

NESCO

2012-02-14T22:58:00.000+05:30

RISK LOVERS :::

NESCO :::::

BUY ABOVE >>>>> 753.00

SL : 730.00

TGT 768 -----782.10-----798.70------807-----823.70----832-----844.80-----857.00

AND

IT IS WEAK BELOW 725.10

GOD IS GREAT

TOUCH >>>>> 770.90

JYOTHY LAB

2012-02-14T22:43:00.001+05:30

JYOTHY LAB :::

BUY ABOVE >>> 201.80

SL 192.00

TGT 208.00------214.20------219.00------224.00-----230.40-----237.60-----243.20

AND

IT IS WEAK BELOW 192.00

GOD IS GREAT

TOUCH >>>>> 205.00

RISK LOVERS ::::: STEEL STRIPS WHEELS LTD

2012-02-13T22:50:00.000+05:30

RISK LOVERS :::

STEEL STRIPS WHEELS LTD :::

BUY ABOVE >>>>> 234.60

SL <<<<< 227.30

TGT 240.00------248.30-----256-----261.10-----269.30-----276.50-----285.10

AND

IT IS WEAK BELOW 224.00

@@@@@@@@@@@@@@@@@@@@@@@@@

TODAY TOUCH ::::: 245.50 ::::::

MARKET OUTLOOK FOR NEXT WEEK

2012-02-12T20:19:00.000+05:30

NIFTY AS EXPECTED CONTINUED WITH ITS MEGA BULL RUN AND MADE IT THE 6^TH CONSECUTIVE WEEK OF +VE CLOSINGS BY CLOSING AT 5381 ABOVE THE WEEK ENDING 3^RD FEB CLOSINGS OF 5326 . ALTHOUGH THE RISE THIS WEEK WAS ONLY 1% DUE TO NIFTY HAVING REMAINED WITHIN A 4^TH WAVE FLAT FOR ALL THE 5 TRADING DAYS OF THE WEEK, YET THIS CONSOLIDATION IS JUST A PRECURSOR TO ANOTHER BLAST OFF TOWARDS MUCH HIGHER LEVELS TO LOOK TOWARDS MAKING EVEN 8^TH +VE WEEKS SIMILAR TO THE RISE OF NIFTY FOR 8 +VE WEEKS FROM THE WEEK ENDING 19^TH FEB 2010 TILL WEEK ENDING 9^TH APRIL 2010 OR EVEN IT CAN BE 13 +VE WEEKS IN A ROW AS WAS THE CASE FROM WEEK ENDING 13 MARCH 2009 TILL WEEK ENDING 5^TH JUNE 2009 WITH A WEEKLY DOJI FOR WEEK ENDING 29^TH APRIL. HENCE ANY EXTERNAL INDUCED PULL DOWN IN MARKETS IS A GREAT BUYING OPPORTUNITY AS LONG AS NIFTY CONTINUES TO SUSTAIN ABOVE 50 WEEK MOVING AVERAGE AROUND 5252 OR ABOVE THE 34 MONTH MOVING AVERAGE AROUND 5200.. THESE TWO CRITICAL WEEKLY & MONTHLY MOVING AVERAGES ARE INDICATORS OF LONG TERM BULLISH HEALTH OF INDIAN MARKETS IN ADDITION TO THE 200 DMA AROUND 5180.

AS LONG AS NIFTY SPOT CONTINUES TO STAY ABOVE THE CRITICAL ZONE BETWEEN 5180 TO 5252, EVERY INTRADAY OR A DAY OR TWO OF MILD CORRECTIONS INDUCED BY US MARKETS OR THE LINGERING NEWS ON GREECE OR EUROPEAN CRISES WILL OFFER GREAT BUYING OPPORTUNITY FOR GREAT LONG TERM GAINS. ONE SHOULD BE ABSOLUTELY SURE IN HIS MIND THAT THE CRISES IN GREECE OR EUROPE OR PIGGS COUNTRIES ARE NOT AT ALL GOING TO END THAT SOON AND WILL LINGER ON FOR DONKEY’S YEARS. THESE NEWS EVENTS WILL BE KEPT ALIVE BY THE MASTER OPERATORS OF THE WORLD TO REGULATE THE FINANCIAL MARKETS OF THE WORLD. THESE COUPLED WITH THE DECEPTIVE & WELL MANIPULATED WEEKLY & MONTHLY ECONOMIC DATA IN US WILL CONTINUE TO PLAY THEIR REGULATING ROLES IN MOVING THE WORLD MARKETS IN THE FASHION THEY LIKE. BESIDES THESE, OUR OWN OLD FINANCIAL CHANNELS WILL ADD FURTHER MISERY BY PROJECTING THE CONDITIONS WELL SUITED TO THEIR OWN POSITION IN THE MARKETS.

FRAUDULENT RATING AGENCIES FROM OUT SIDE WILL ALSO ADD THEIR QUOTA OF MISERY BY SUITABLY UPGRADING & DOWN GRADING INDIAN STOCKS BASED ON THEIR HOLDING INTEREST OR LIQUIDATION INTEREST THAT GETS FURTHER AGGRAVATED BY OUR OLD FINANCIAL CHANNELS . THE RECENT EXAMPLE OF TATASTEEL RESULTS WAS A BRIGHT EXAMPLE. THE RESULTS WERE VERY MUCH IN LINE WITH EXPECTATIONS & MUCH MUCH BETTER THAN THE LAST QUARTER ENDING SEPT 2011. BUT THE FINANCIAL CHANNELS TO BENEFIT OUT OF THEIR SHORTING INTEREST KEPT ON ADDING DEPRESSING WORDS ON THE STOCK FROM MONDAY TILL FRIDAY MORNING IN THE NAME OF STREET EXPECTATIONS, INTERESTINGLY THE STREET BEING NO OTHER THAN THEMSELVES, THEIR IN LAWS & FRIENDS THAT BROUGHT DOWN TATASTEEL TO FRIDAYS LOWS OF 433 FROM WEEKLY HIGH OF 478 & SEE THE FUN, AFTER THE FEW SECONDS OF FALL ON FRIDAYS OPENING, TATASTEEL ROSE AGAIN TO THE WEEKLY HIGH OF 478 ON SAME FRIDAY ITSELF. EARLIER EXAMPLES OF OTHER INDEX HEAVIES LIKE L& T, ITC, HUL, BHEL,RELIANCE, HERO HONDA, INFY ARE JUST A FEW OF THE MANY BRIGHT EXAMPLES TO DEPICT HOW FRAUDULENT & DISHONEST ARE THESE FRAUDULENT RATING AGENCIES & FINANCIAL CHANNELS.

SO, ONE MUST UNDERSTAND HOW THESE EXTERNAL RATING AGENCIES & OLD FINANCIAL CHANNEL MANIPULATE STOCKS AND INDICES IN THE NAME OF STREET EXPECTATIONS FOR THEIR OWN BENEFIT. SO, IN ORDER TO SURVIVE IN THESE MANIPULATED MARKET CONDITIONS JUST AVOID LISTENING TO THESE FRAUDULENT EXTERNAL RATING AGENCIES & FINANCIAL CHANNELS & JUST DO THE OPPOSITE WHAT THEY SAY IN THE NAME OF STREET EXPECTATIONS . BE ABSOLUTELY SURE, EVERY WORD OF THESE EXTERNAL RATING AGENCIES & FINANCIAL CHANNELS HAVE THEIR OWN PERSONAL HOLDING OR SHORTING INTERESTS ATTACHED TO IT. EVEN ECONOMIC DATA LIKE IIP, INFLATION NUMBERS OR EVEN RBI ANNOUNCEMENTS ARE SUITABLY TWISTED AND STRESSED BY THE BANKING EDITOR TO SUIT OWN HOLDING & SHORTING INTERESTS. THE IDEAL IS JUST AVOID LISTENING TO THESE FRAUDULENT AGENCIES AND MARKET VIRUSES. IT IS WISER TO LISTEN TO WHAT THE COMPANY MANAGEMENT EXACTLY SAYS & REPLY DURING THE PRESS CONFERENCE AFTER THE RESULTS ARE ACTUALLY DECLARED & TRUST THE ACTUAL PRICE ACTION ON THE SCREEN & DO WHAT THE PRICE ACTION DICTATES ONE TO DO & AS PER PRICE, VOLUME & INDICATORS.

NOT WITHSTANDING THE STUMBLING BLOCKS TO THE LONG TERM HEALTH OF INDIAN STOCK MARKETS AS MENTIONED ABOVE, TECHNICALLY THE MARKETS CONTINUE TO LOOK HIGHLY BULLISH EVEN THOUGH THE DAILY CHARTS INDICATE A PAUSE OR MILD RETRACEMENT. THE MONTHLY CHARTS WHICH IS THE ULTIMATE GUIDE TO THE LONG TERM HEALTH OF STOCK MARKETS HAS STARTED TO GENERATE STRONG BUY SIGNALS, ALTHOUGH FEB MONTH IS NOT EVEN HALF WAY THROUGH YET, WITH THE MONTH BEING TRUNCATED THAT TOO THE EXPIRY BEING ON 23^RD FEB WITH A HOLIDAY ON MONDAY 20 FEB. UNLESS THERE IS A CATASTROPHIC EVENT OR SOME MEGA MARKET MANIPULATION NEWS EVENT RELATED SOME INDEX HEAVIES, THE MARKET WILL CONTINUE WITH ITS BULLISH MOMENTUM BASED ON THE ROBUST STRENGTH OF THE MONTHLY AND WEEKLY INDICATORS. AT THE WORST CASE ONE MAY EXPECT A FLAT CONDITION OR A MILD PAUSE OR RETRACEMENT. THE PAUSE OR MILD RETRACEMENTS WILL OFFER GREAT BUYING OPPORTUNITY FOR ALL THOSE WHO MISSED THE BUS TO ENTER THE BULL RUN EARLIER IN JANUARY AND THE PAUSE MAY ALSO GIVE A RELIEF TO THE HOLDERS OF SHORT POSITIONS INITIATED JUST BEFORE THE RBI’S MEGA BULLISH ANNOUNCEMENTS & THEY MAY PREFER TO QUIT THEIR SHORTS ON THE MARKET PAUSE OR MILD RETRACEMENTS.

MOST LIKELY THE LAST 5 DAYS OF FLAT THAT ONE HAS NOTICED LAST WEEK WITHIN THE 100 POINT SPOT NIFTY RANGE OF 5323 TO 5428, WILL GIVE WAY TO A SHARP BREAK OUT TOWARDS MUCH HIGHER LEVELS IN CASE NIFTY CONTINUES WITHIN THE FLAT AND DOES NOT TRADE & MORE IMPORTANTLY DOES NOT SUSTAIN BELOW THE CRITICAL LEVEL OF 5323 TO 5300. AS CAN BE SEEN IN THE INTRADAY CHART ABOVE, THE WIDTH OF THE FLAT IS ABOUT 100 NIFTY POINTS AND ANY SIDE BREACH WILL EASILY SEE A LIGHTENING MOVE OF 100 POINTS BY NIFTY EITHER WAY. ON THE DOWN SIDE THE LOGICAL SUPPORT IS AROUND 2^ND FEB LOW OF 5225 WHICH TOO IS AROUND 100 POINT BELOW THE LOWER CHANNEL OF THE FLAT. SIMILARLY ON THE HIGHER SIDE, A DECISIVE BREACH AND SUSTAINING ABOVE THE UPPER CHANNEL AROUND 5434 WHICH TOO IS THE CRITICAL 50% LEVEL FROM THE HIGH OF 6338 TO THE LOW OF 4531, WILL SEE A REASONABLE UP MOVE TOWARDS THE NEXT FIBO 61.8% RETRACEMENT LEVEL OF 5646 WITH ALTERNATE BOUTS OF PUSH & PULL.

SO, FOR THE COMING WEEK, ONE MAY GO LONG ON INTRADAY DECLINES TOWARDS SPOT 5323 WITH STOP LOSS BELOW IT TO BOLDLY REVERSE FOR RUTHLESS SHORTING FOR QUICK GAINS. SIMILARLY ONE MAY PLAN TO TRADE SHORT NEARER TO THE UPPER CHANNEL AROUND SPOT 5434 WITH A STOP LOSS ABOVE IT TO REVERSE AND BOLDLY GO LONG IF THE UPPER CHANNEL IS DECISIVELY BREACHED DURING ACTUAL TRADING OTHER THAN DECEPTIVE INTRADAY OPENING FLUKES. HIGHER TARGETS FOR THE WEEK ABOVE 5434 MAY BE EVEN 5646 WITH DRINKS BREAK AROUND 5535 & 5550 & LOWER TARGETS FOR THE WEEK ON A DECISIVE BREACH OF 5323 CAN BE AS LOW AS 5225 TO 5200 WITH MILDER REST & REFRESHMENT HALTS AT 5292 & 5252.

FOR INTRADAY TRADING ON MONDAY, THE OPENING AS USUAL MAY BE INFLUENCED BY THE CONDITION OF ASIAN MARKETS, MOST OF WHICH MAY DANCE TO THE TUNE OF FRIDAYS NEGATIVE CLOSING OF US AND EUROPEAN MARKETS THAT MAY OFFER THE RIGHT OPPORTUNITY FOR INTRADAY TRADERS TO FADE THE OPENING GAP DOWN INDUCED BY SGX NIFTY ALONG WITH SOME OF ASIAN WHIPPING INDICES OF DOW OPERATORS. SPOT NIFTY HAS INITIAL INTRADAY SUPPORT AROUND 5363 BELOW WHICH IT CAN FALL TOWARDS 5350 FOLLOWED BY 5338 . SUSTAINING BELOW 5338 SPOT MAY SUMMON THE BULLS FROM ACROSS THE COUNTRY TO COME RUSHING IN, AS A DELAY BY THE BULLS IN PROTECTING 5338 SPOT MAY ENDANGER THE LAST CITADEL AROUND 5323 THAT WILL SEND THE BULLS PACKING FOR ANOTHER 100 POINT FALL IN SPOT NIFTY.

SIMILARLY ON THE HIGHER SIDE, IN CAE THE SUPPORT AROUND 5363 SPOT IS PROTECTED THEN NIFTY CAN MOVE UP TOWARDS THE SPOT LEVEL OF 5385 INITIALLY FOLLOWED BY 5398 WHERE BEARS MAY START TO SHIVER AND PREFER TO COVER THEIR SHORTS TO BOOK LOSSES BECAUSE SUSTAINING ABOVE 5398 MAY SEE A QUANTUM JUMP TOWARDS THE HIGHER ORBIT OF 5415 FOLLOWED BY FRIDAYS HIGHS OF 5427 & THEN TOWARDS THE 50% RETRACEMENT LEVEL OF 5434 ABOVE WHICH NO BEARS WILL BE VISIBLE WHATEVER AMOUNT OF CORDON & SEARCH ONE MAY DO TO FIND WHERE THE BEARS HAVE VANISHED. INTRADAY DECLINES, IF AT ALL COMES TOWARDS 5330 OR TOWARDS 5323, CAN BE USED BY INTRADAY TRADERS TO BUY NIFTY FUTURES AND SUPPRESSED STOCK FUTURES FOR VERY GOOD GAINS BY HAVING A TIGHT STOP LOSS BELOW SPOT 5320. HOWEVER IN CASE SPOT NIFTY FAIL TO HOLD 5323 IN ACTUAL TRADING AND SUSTAINS BELOW 5323, THEN INTRADAY TRADERS MAY QUICKLY REVERSE FROM LONGS AND GO ON A SHORTING RAMPAGE FOR VERY GOOD GAINS ON THE LOWER SIDE.

MARKET OUTLOOK ( 09 / 02 / 2012 )

2012-02-09T09:53:00.000+05:30

AFTER THE TUESDAYS PAUSE THAT HAD GENERATED A BEARISH ENGULFING CANDLE, THE MARKETS CONTINUED WITH THE BULLISH MOMENTUM & WHATEVER THE CORRECTION HAD TO COME IT WAS PART OF THE INTRADAY CORRECTION ONLY. NIFTY FUTURES MADE A HIGHER HIGH AT 5424 ABOVE TUESDAYS HIGH OF 5414 AND MADE A LOW OF 5343 ABOVE TUESDAYS LOWS OF 5340. THE ENTIRE BEARISH ENGULFING OF TUESDAY GOT NULLIFIED. THIS TYPE OF INTRADAY SWINGS IS GOING TO CONTINUE FOR THE COMING DAYS AND ONE DAY NIFTY WILL  QUIETLY CROSS THE PREVIOUS SWING HIGHS OF OCTOBER 28^TH HIGH,  TO STAY ABOVE IT  BUT BEFORE DECISIVELY BREACHING THIS CRITICAL SWING HIGH OF SPOT 5400  THERE WILL BE MANY PULL DOWNS TO FLUSH OUT WEAKER HANDS. THE WAY NIFTY FUTURES MADE A LOW OF 5343 AFTER MAKING THE DAYS HIGH OF 5424 AND THE WAY NIFTY FUTURES BOUNCED UP TOWARDS 5400 AGAIN  TOWARDS THE END OF DAY IS A CLEAR INDICATION THAT EVERY INTRADAY DECLINE IS HEAVILY BOUGHT INTO  WHICH IS AN  IDEAL PATTERN OF BULLISH CONDITIONS THAT WILL ENCOURAGE HEAVY BUYING  EVEN IF NIFTY FALLS OR REMAINS FLAT FOR TWO OR THREE DAYS.

FOR THURSDAYS TRADING, SOME ASIAN MARKETS MAY BE DAMPENER FOR INITIAL  PART OF INDIAN MARKETS BUT AFTER THE INITIAL FEW MINUTES INDIAN MARKETS MAY OVERCOME THE ASIAN WEAK INFLUENCE. NIFTY FUTURE  AGAIN MAY TEST THE HIGHS AND LOWS OF WEDNESDAY & THERE IS EVERY POSSIBILITY OF SHOOTING PAST THE 28^TH OCTOBER SWING HIGHS OF 5400 SPOT NIFTY LEVELS. ALTHOUGH ASIAN MARKETS MAY REMAIN LACK LUSTER IN SPITE OF GOOD NEWS FROM GREECE, INDIAN MARKETS MAY TRY TO SHOOT UP AGAIN EVEN IF IT FALLS INITIALLY. AS CAN BE SEEN IN THE  30 MINUTE INTRADAY CHART OF  NIFTY  FUTURES ABOVE, ONE WILL NOTICE THAT NIFTY FUTURE IS CONFINED WITHIN A RECTANGULAR UPWARD LOOKING FLAT AND EITHER ON THURSDAY OR ON FRIDAY IT MAY BEAK OUT OF THE FLAT. HOWEVER ON ANY DAY IN CASE AFTER BREACHING THE UPPER BARRIER OF THE FLAT SLIGHTLY,  NIFTY AGAIN FALLS & BREACHES THE CRITICAL LOWER ZONE BETWEEN 5333 TO 5343 THEN ONE MAY EXPECT A BIGGER FALL TOWARDS 5280 OR EVEN 5250 AS CAN BE SEEN IN THE CHART ABOVE.

INTRADAY TRADERS MAY TRADE SHORT IN CASE NIFTY FUTURES FINDS IT DIFFICULT TO CROSS 5430 TO 5440 ZONE AND SLIDES DOWN . SIMILARLY ON AN INTRADAY DOWN SWING BUYING MAY BE DONE ON APPROACH OF NIFTY FUTURES TOWARDS 5350 TO 5340 WITH A TIGHT STOP LOSS BELOW 5330 TO REVERSE AND BOLDLY SHORT. BUYING MAY BE DONE ON DECLINE OF FUTURES TOWARDS 5380 WITH A STOP LOSS BELOW 5370 TO REVERSE FOR SHORTS. AFTER THE FALL  BELOW 5380 IN CASE NIFTY FUTURES SHOOTS UP TO CROSS 5385 TO 5388  AGAIN AND SUSTAINS ABOVE IT THEN  ALSO BUYING ALSO MAY BE DONE FOR GOOD GAINS. TRADERS & INVESTORS MUST KEEP IN MIND THAT AFTER A BIG RISE THE FLAT FORMATION THAT ONE SEES IN THE CHART ABOVE  IS GENERALLY  A PRECURSOR TO ANOTHER SHARP UP MOVE AFTER THE COMPLETION OF THE FLAT.

AS WAS MENTIONED YESTERDAY, OPERATORS WILL MAKE BEST USE  BY PULLING DOWN  THEIR FAVORITE  TATASTEEL, BHEL & HUL .  EVERY RISE OF NIFTY WILL BE COMPENSATED BY PULLING DOWN OF THESE INDEX HEAVY STOCKS. WHENEVER  NIFTY FALLS THESE TRIO OF OPERATORS FAVORITES WILL BE THE FIRST ONES TO FALL.  SO, KEEP A CLOSE EYE ON THESE OPERATORS STOCKS AS TO HOW THESE ARE PULL DOWN IN ORDER TO BRING DOWN NIFTY WHEN IT GETS HEATED UP.

MARKET OUTLOOK ( 08 / 02 / 2012 )

2012-02-07T23:37:00.002+05:30

NIFTY AS EXPECTED, MADE ANOTHER ATTEMPT AT THE 5400 LEVELS, THANKS TO THE OPERATORS WHO AT THE START MANAGED TO OPEN NIFTY SPOT ABOVE THE 5400 MARK AT 5412  ONLY TO SEE NIFTY SLIDING FROM THERE TO FINALLY END THE DAY WITH A  BEARISH ENGULFING. HOWEVER NIFTY FUTURES COULD GENUINELY CROSS THE 5400 MARK BY REACHING A DAY HIGH OF 5414 THROUGH ACTUAL TRADING. THE CLEANER INDEX SENSEX ALSO MADE A HIGH OF 17832 STILL MUCH BELOW THE 28^TH OCTOBER HIGHS OF 17908. AFTER FIVE CONSECUTIVE DAYS OF +VE CLOSINGS NIFTY AND SENSEX CLOSED IN THE RED THUS GIVING A PAUSE TO THE RELENTLESS UP MOVE SINCE LAST MONDAY 30  JAN LOW OF 5076. AFTER A DAY OR TWO OF MORE PAUSE  OR MILD CORRECTION, THAT MAY INDUCE A FEELING THAT THE CRITICAL 5400 SPOT NIFTY OR 17908 OF SENSEX CAN NOT BE BREACHED THROUGH ACTUAL TRADING, SUDDENLY ONE MAY FIND THAT THROUGH A BIG GAP UP  NIFTY AND SENSEX BREACHING THESE CRITICAL LEVELS & STAY ABOVE THESE  FOR MUCH HIGHER UP SIDE. HOWEVER THE BEARISH ENGULFING MADE IN THE DAILY CHARTS OF NIFTY, NIFTY FUTURE AND SENSEX SHOULD NOT BE TAKEN LIGHTLY &  AS LONG AS THESE BEARISH ENGULFING CANDLES ARE NOT NULLIFIED, ONE MAY SEE FURTHER FALLS.

FOR WEDNESDAY’S TRADING, THE OPENING AGAIN MAY BE RESTRICTED TO ASIAN MARKET CONDITIONS WHICH MAY REMAIN SUBDUED  THAT MAY HAVE A NEGATIVE INFLUENCE ON INDIAN MARKETS AT THE OPENING. ON TUESDAY NIFTY FUTURES HAD CLOSED AT 5355 AFTER MAKING  INTRADAY LOW AROUND 5340 AND HIGH AROUND 5414. UNLESS THERE ARE SOME CATASTROPHIC EVENTS OR WELL ORGANIZED ADVERSE NEWS EVENTS, NIFTY UNDER NORMAL CONDITIONS SHOULD RETEST THE HIGHS AND LOWS OF TUESDAY.  HOWEVER THE WELL COORDINATED & OPERATOR MANIPULATED  BEARISH ENGULFING IN THE SPOT NIFTY, NIFTY FUTURES AND SENSEX  MAY THREATEN THE WEAKER HANDS TO QUIT THEIR LONGS WITHOUT EVEN WAITING FOR NIFTY FUTURES TO DECISIVELY BREACH THE CRITICAL SUPPORT OF 5330 FUTURES LEVEL. DOW OPERATORS THROUGH THEIR POTENT WEAPON OF DOW FUTURES AS WELL AS THE OVERNIGHT NEGATIVE OR FLAT DOW ALSO WILL PLAY A MAJOR ROLE IN PULLING INDIAN MARKETS DOWN TO DISPLAY THE POWER OF BEARISH ENGULFING CANDLE THESE OPERATORS HAD MANAGED TO FORM ON TUESDAY.

FOR INTRADAY TRADING ON WEDNESDAY, RUTHLESS SHORTING MAY AGAIN BE THE ORDER OF THE DAY IN CASE SPOT NIFTY FAILS TO HOLD 5323 SPOT LEVELS & NIFTY FUTURES ALSO DECISIVELY BREACHES 5330. MORE SHORTS MAY BE ADDED IN CASE  BOTH SPOT & FUTURE NIFTY DECISIVELY BREACH 5300 LEVELS IN WHICH CASE A LOGICAL FALL TOWARDS 5280 FOLLOWED BY  ANOTHER SLIDE TOWARDS 5250 IS A CERTAINTY.  THE WAY BEARISH ENGULFING CANDLES HAVE BEEN GENERATED IN THE DAILY CHARTS, IT SEEMS OPERATORS WILL TAKE NIFTY TOWARDS SUB 5300 LEVELS TO TEST 5280 FOLLOWED BY 5250. HOWEVER IF THE MORNING CONDITIONS ARE ENCOURAGING FOR THE MARKETS AND BOTH SPOT & FUTURE NIFTY DO NOT BREACH 5323 & 5330 RESPECTIVELY, THEN THERE IS EVERY POSSIBILITY OF NIFTY MAKING ANOTHER ATTEMPT AT THE 5400 MARK . HOWEVER THE HIDDEN GAME PLAYED BY OPERATORS ON TUESDAY IS AN INDICATION THAT SPOT NIFTY & SENSEX WILL BREACH THE CRITICAL SUPPORTS OF 5223 & 17582  TO SEE LOWER LEVELS.

INTRADAY TRADERS MAY TRADE SHORT IN CASE NIFTY FUTURES TRADES BELOW 5330  AS CAN BE SEEN IN THE CHART ABOVE.  MORE SHORTS MAY BE ADDED IN CASE 5315 FUTURE LEVEL IS BREACHED . SIMILARLY ON THE HIGHER SIDE NIFTY FUTURE IN CASE BREACHES THE INITIAL HURDLE OF 5370 THEN IT WILL INCH UP TOWARDS 5382 WHERE MORE LONGS MAY BE ADDED TO SEE NIFTY FUTURE MOVING UP TOWARDS THE TUESDAYS HIGH OF 5414. SO, THE INITIAL STOP LOSS FOR THE SHORTS  TO REVERSE AND GO LONG IS  ABOVE THE FUTURE LEVEL OF 5382 AND STOP LOSS FOR INITIAL LONGS IS BELOW 5330 TO REVERSE AND GO SHORT. ONE SHOULD NOT BE SURPRISED TO SEE OPERATORS USING THEIR FAVORITE INDEX HEAVIES LIKE TATASTEEL, HUL  & BHEL TO PULL THE MARKETS DOWN OR IN CASE MARKETS MOVES UP THEN  THESE INDEX HEAVY STOCKS WILL BE SUITABLY PULLED DOWN TO PUT A BREAK TO THE UPWARD MOMENTUM  OF INDICES AS WAS SEEN ON TUESDAY.

MARKET OUTLOOK ( 07 / 02/ 2012 )

2012-02-07T00:32:00.004+05:30

MONDAY SAW NIFTY  GIVING A  +VE  BEGINNING TO THE NEW WEEK AFTER 5 CONSECUTIVE WEEKS OF  HIGHLY +VE CLOSINGS . WELL, THE FIRST THING THAT COMES TO THE MIND IS AS NIFTY HAS MOVED UP SO MUCH  IT SHOULD CORRECT,  BUT ONE MUST REALIZE THAT THE INTRADAY CORRECTIONS THAT ONE SEES ARE THE CORRECTIONS  TO THE UP MOVE AND NIFTY IS GOING TO MOVE UP & UP ONLY  TOWARDS MUCH HIGHER LEVELS SIMILAR TO THE START OF FRESH UP MOVE ONE HAD SEEN DURING THE PREVIOUS BULLS RUNS OF 2003 & 2009. AS LNG AS SPOT NIFTY CONTINUES TO STAY ABOVE THE DOWN SLOPING MAJOR RESISTANCE LINE NOW AROUND THE MAGIC LEVEL OF 5225  IT WILL CONTINUE TO MOVE UP AND EVERY DECLINE TOWARDS THIS RESISTANCE LINE  WHICH NOW IS ALSO NEAR THE 38.2% RETRACEMENT LEVEL OF 5222 COUNTED FROM THE HIGH OF 6338 TO THE LOW OF 4531, WILL AROUSE FRESH BUYING INTEREST BY HAVING STOP LOSS BELOW THE 2^ND LINE OF DEFENSE AROUND THE CRITICAL 200 DMA LEVEL OF 5180. VIBRANT  & HIGHLY BULLISH WEEKLY & MONTHLY INDICATORS WILL ABSORB ALL THE SHOCKS GIVEN  BY THE INTRADAY OR EVEN DAILY INDICATORS.

FOR  TUESDAYS TRADING THE FACTORS THAT MAY GENERATE HOPES FOR THE BEARS TO HOPE FOR AT LEAST SOME GAINS ARE:-  FIRSTLY NIFTY HAS ALREADY MOVED UP FOR 5 CONSECUTIVE DAYS  AFTER THE WELL DESERVED PAUSE THAT NIFTY TOOK ON LAST MONDAY OF 30^TH JAN. SECONDLY NIFTY  HAS NOT YET DECISIVELY BREACHED THE LAST SWING HIGH OF 5400  OR THE 50% RETRACEMENT LEVEL OF 5434. THIRDLY THE 13 MONTH SHOCK  SLIDE FROM 2010  NOVEMBER DEWALI HIGH OF 6338 TILL 20 DECEMBER 2011  LOW OF 4531 STILL HAUNTS THE MINDS OF MANY MARKET PLAYERS AND ANALYSTS FORCING THEM TO ONLY THINK OF CORRECTION ON EVERY RISE WITHOUT THINKING OF CONTINUATION OF THE RISE. THIS BEARISH FEELING OF THE FEAR OF CORRECTION IS THE IDEAL BREEDING GROUND FOR THE BULLS TO BASH ON REGARDLESS TO NEWER HIGHS LEAVING THE BEARS TO COVER THEIR SHORTS IN DISGUST. CORRECTIONS WILL COME BUT ONLY TO MAKE THE UP MOVE MORE STRONGER AFTER THE PAUSE OR CORRECTION.

FOR TUESDAY, THE OPENING MAY AGAIN BE INFLUENCED BY SOME OF THE ASIAN MARKETS SPECIALLY SINGAPORE, JAPAN, HONG KONG  & KOREA, WHICH ARE LIKELY TO DANCE TO THE TUNE OF OVERNIGHT NEGATIVE DOW. AS WAS WRITTEN EARLIER, DOW IS PLAYING THE ALTERNATE DAY GAME OF RISE AND FALL AND AFTER THE FRIDAYS BIG RISE OF 155 POINTS DOW WILL BE MADE TO FALL OR TAKE A DECEPTIVE PAUSE TO  PULL DOWN SOME OF THE VIBRANT ASIAN MARKETS WHICH WERE UP ON MONDAY. HOWEVER AFTER THE INITIAL FEW MINUTES OF EXTERNAL INFLUENCE, INDIAN MARKET  WILL REVERT BACK TO ITS OWN METHOD OF OPERATION . TUESDAY MAY SEE SPOT NIFTY MAKING ANOTHER DESPERATE ATTEMPT AT BREACHING THE EARLIER SWING HIGH OF 5400 BUT MOST LIKELY  OPERATORS MAY NOT ALLOW NIFTY TO BREACH THE EARLIER SWING HIGH OF 5400 SO EASILY  BEFORE PLAYING ANOTHER  NASTY GAME OF FLUSHING OUT WEAKER HANDS.

FOR TUESDAYS INTRADAY TRADING PURPOSE SPOT NIFTY HAS INITIAL SUPPORT AROUND 5348 FOLLOWED BY 5335  & THEN MONDAYS LOWS OF 5327. BEARS MAY EVEN GIVE IT ANOTHER PUSH DOWNWARDS TO TEST THE 5315 LEVELS TO THREATEN THE PSYCHOLOGICAL 5300 SPOT LEVELS FROM WHERE THE BULLS MAY  LEAVE THEIR LUNCH AND RUN TO PROTECT NIFTY BY HEFTY BUYING. SIMILARLY ON THE HIGHER SIDE IN CASE SPOT NIFTY DOES NOT BREACH 5335 TO 5327 THEN THERE ARE STRONG POSSIBILITIES OF NIFTY MOVING UP TO BREACH MONDAYS HIGHS OF 5390 TO MAKE AN ATTEMPT IN AT LEAST TASTING THE SWEETNESS OF THE PREVIOUS SWING HIGH OF 5400. EVEN A DECISIVE BREACH OF SPOT 5380 WILL BE AN EARLY INDICATION THAT THE BEARS ARE GIVING UP AND ARE QUIETLY JOINING THE BULLS IN SEEING A NEW HIGH ABOVE 5400 TOWARDS 50% RETRACEMENT LEVEL OF 5434.

INTRADAY TRADERS AFTER THE INITIAL ERRATIC MINUTES, MAY CLOSE THE EYES AND INDULGE IN PUNITIVE SHORTING IN CASE SPOT NIFTY FAILS TO CROSS AND SUSTAIN ABOVE 5375 WITH A STOP LOSS ABOVE 5380 TO REVERSE AND GO LONG FOR GOOD GAINS . FURTHER SHORTS MAY BE ADDED IN A RHYTHMIC FASHION ON SLIDE OF SPOT NIFTY BELOW 5343 AND 5327.. SIMILARLY INTRADAY TRADERS ITCHING TO BUY MAY EITHER BUY ABOVE SPOT 5380 OR HAVE PATIENCE TO WAIT TO BUY IN CASE SPOT NIFTY ON SLIDING TOWARDS MONDAYS LOWS OF 5327, STOPS ON THE WAY & DOES NOT BREACH 5340 TO 5335. BUYING ALSO MAY BE PLANNED IN CASE OF FURTHER SLIDE  OF SPOT NIFTY TOWARDS 5315 TO 5305 LEVELS.

MARKET OUTLOOK ( 06 / 02 / 2012 )

2012-02-05T20:01:00.002+05:30

NIFTY CONTINUED WITH ITS RELENTLESS BULL RUN AS WAS INDICATED LAST WEEK & THIS FRIDAY BY REACHING THE HIGH OF 5335 NIFTY SPOT NOT ONLY BREACHED THE MAJOR RESISTANCE LINE BUT ALSO HAS CLOSED ABOVE THE RESISTANCE LINE COMING FROM THE TOP AS CAN BE SEEN IN THE DAILY EOD CHAR OF SPOT NIFTY ABOVE. DURING LAST WEEK AFTER THE MONDAY’S WELL DESERVED PAUSE IN THE MEGA BULL RUN , NIFTY DURING THE WEEK ACHIEVED THE  RARE DISTINCTION OF NOT ONLY BREACHING THE ALL IMPORTANT 200 DMA AROUND 5200 BUT ALSO HAS DECISIVELY CLOSED ABOVE IT. ALSO DURING THE WEEK NIFTY BY CLOSING AT 5325 HAS DECISIVELY BREACHED THE CRITICAL 50 WEEK MOVING AVERAGE NOW RUNNING AROUND 5252 SPOT LEVELS.

NIFTY ALSO HAS MOVED UP AND CLOSED +VE FOR THE 5^TH CONSECUTIVE WEEK AND STILL SHOWS HIGHLY BULLISH MOMENTUM  TO AT LEAST TEST THE EARLIER SWING HIGH OF 5400 ACHIEVED ON 28^TH OCTOBER 2011. SEEING THE HIGHLY BULLISH MOMENTUM IN REST OF THE WORLD MARKETS, THERE IS EVERY POSSIBILITY OF NIFTY INCHING UP FURTHER TO  NOT ONLY RETEST BUT MOST LIKELY WILL BREACH THE LAST SWING HIGH OF 5400 TO MOVE UP A BIT MORE TOWARDS THE 50% RETRACEMENT LEVEL OF 5434 BEFORE TAKING A PAUSE OR THE 1^STLEG OF THE CORRECTION TO THE UP MOVE STARTED FROM THE LOW OF 4531.

WELL, THE UPWARD MOMENTUM IS SO FIERCE THAT EVERY INTRADAY DECLINE OF EVEN 25 POINTS ID BOLDLY BOUGHT INTO AND THE SITUATION HAS COME TO SUCH A STATE THAT THE BEARS  ARE NOT EVEN WAITING FOR AN INTRADAY  DECLINE TO COVER THEIR SHORTS BUT EVEN A MILD FLATNESS  IN THE MARKETS IS SEEING THE EXODUS OF BEARS & SOME ARE EVEN GETTING QUIETLY CONVERTED INTO BULLS TO AT LEAST MAKE UP SOME LOSS INCURRED . WELL, WHEN THIS SITUATION OCCURS IT GENERALLY FORETELLS THAT  A PAUSE IS NOT VERY FAR OFF AND BULLS ARE HINTED QUIETLY TO POCKET  HALF THE PROFIT  LEAVING THE REST HALF OF THE LONG POSITIONS TO BE CLEARED  IN CASE SPOT NIFTY DECLINES   BELOW 5248. SO, AS LONG AS SPOT NIFTY LEVEL OF 5248 IS PROTECTED BY THE BULLS THEY NEED NOT WORRY AT ALL & IN FACT SHOULD ADD TO THEIR LONG POSITIONS ON EVERY INTRADAY DECLINE OR FLAT PAUSE TO SEE 5400 OR EVEN 5434 IN THE VERY SHORT TERM .

MOST OF THE DAILY INDICATORS ARE GIVING OVER BOUGHT SIGNALS SINCE LAST 3 WEEKS BUT DAY BY DAY THE MARKETS CONTINUE TO SURGE UPWARDS AS THE SAME INDICATORS  IN THE WEEKLY CHARTS ARE GENERATING HIGHLY BULLISH INDICATIONS. WITH A STRONG MONTH ON MONTH CLOSING  ON 31^ST JAN AT 5199 COMPARED TO DECEMBER MONTH END CLOSING OF 4624, THE MONTHLY INDICATORS HAVE GENERATED BUY SIGNALS . MONTHLY MACD FORMING A HOOK AROUND THE NEUTRAL LINE IS A MEGA BULLISH SIGNAL FOR THE LONG TERM AND  A DECISIVE BREACH OF THE LAST SWING HIGH OF 5400  & MORE IMPORTANTLY A CLOSE OF SPOT NIFTY ABOVE  THE 50% RETRACEMENT LEVEL OF 5434 WILL ADD FURTHER STRENGTH TO THE BULLISH INDICATIONS GENERATED BY BOTH THE WEEKLY AS WELL AS MONTHLY CHARTS  TO LEAVE THE BEARS HOPING AGAINST HOPE FOR SOME CATASTROPHIC NEWS TO BE PLANTED FROM THE WESTERN SIDE TO BEND THE DAILY INDICATORS DOWNWARDS.

NIFTY HAVING  CLOSED AT 5325  HAS CLOSED ABOVE THE 34 MONTHLY MOVING AVERAGE NOW AROUND 5200 LEVELS. WITH THE MONTHLY RESISTANCE LINE AROUND 5300 HAVING BEEN BREACHED, THE CLOSE OF NIFTY ABOVE THE 34 MONTH MOVING AVERAGE ADDS FURTHER STRENGTH  TO THE LONG TERM HEALTH OF INDIAN MARKETS WITH THE 50 MONTH MOVING AVERAGE HAVING BEEN EARLIER BREACHED AROUND 4800 LEVELS. THE WEEKLY CHARTS HAVE GAINED FURTHER STRENGTH AFTER A STRONG BULLISH CLOSE  AND THE WEEKLY INDICATORS HAVE A LOT MORE TO TRAVEL TO GENERATE THE INITIAL SELL SIGNALS THAT MAY  DAMPEN THE DAILY INDICATORS WHICH ARE IN THE SUPER OVERBOUGHT ZONE.

TRACKERS OF ELLIOTT WAVE THEORY MUST KEEP IN MIND THAT BEHAVIOR OF NIFTY AROUND THE MAJOR RESISTANCE LINE OF 5292 TO 5300 AND ALSO THE LAST SWING HIGH OF 5400 OR AROUND THE 50% RETRACEMENT LEVEL OF 5434, WILL DICTATE WHETHER THE PRESENT RISE FROM LOW OF 4531 WAS THE LAST LEG OF THE 4^TH WAVE 3, 3, 5 FLAT TO RESUME THE 5^THDOWN LEG TO MAKE A NEW LOW BELOW 4531 TOWARDS 4300 OR THE PRESENT MOVE FROM THE LOW OF 4531 IS THE FRESH BULL RUN AFTER A SERIES OF SUPPORTS WERE FORMED AT 5720, 5728, 5639 & 4531 TO MAKE A STRONG BASE BEFORE THE START OF FRESH BULL RUN.

AS A RESULT OF THIS THE DIVERGENCE BETWEEN THE OVERBOUGHT DAILY INDICATORS ON ONE SIDE  AND ROBUST BULLISH SIGNALING WEEKLY & MONTHLY INDICATORS ON THE OTHER SIDE, ONE MAY SEE THE HIGHER INDICATORS WINNING THE BATTLE TO DIVERT THE DAILY INDICATORS TOWARDS THE INDICATIONS OF WEEKLY & MONTHLY CHARTS. SO, A DAY OR TWO OF PAUSE OR MILD CORRECTION WILL  ATTRACT HEAVY BUYING BY THE BULLS AND FORCEFUL CONVERSION OF BEARS INTO BULLS  TILL SUCH TIME THE WEEKLY INDICATORS LOOK EXHAUSTED TO TRIGGER A SHARP DECLINE TO A REASONABLE FIBONACCI SUPPORT TO AGAIN RESUME THE BULL RUN. ALTHOUGH IN GENERAL THE MARKETS LOOK TO HAVE GONE UP TOO MUCH & CORRECTION IS DUE ANY TIME, YET ONE MUST REALIZE THAT DURING THE INITIAL STAGES OF BULL RUN  IN 2003 OR IN 2009, MARKETS KEPT ON MOVING UP AND UP ONLY TO PAUSE OR HAD A MILD CORRECTION WHEN EVERYONE STARTED TO FEEL THAT THERE IS MORE UP MOVE IN STORE SO WHY NOT TO START BUYING. THIS LATE STAGE BUYING GENERALLY TRAPS THE OVERCAUTIOUS LATE ENTRANTS AND TRIGGERS THE CORRECTION.

SO, FOR THE COMING WEEK ENDING 10^TH FEB, THE CRITICAL  ACTION FOR THE BULLS WILL BE FIRSTLY TO SUSTAIN ABOVE THE RESISTANCE LINE AROUND 5275  TO 5300. SECONDLY TRY TO TAKE NIFTY ABOVE THE LAST SWING HIGH OF 5400 & SUSTAIN ABOVE IT  BY HAVING A CLOSE PREFERABLY ABOVE 5400 & THIRDLY PUSH NIFTY FURTHER UP TO BREACH THE CRITICAL 50% ZONE OF 5434 & IF THEY CAN MANAGE, THEN THEY SHOULD TRY THEIR BEST TO HAVE SPOT NIFTY CLOSE ABOVE THE 5434 LEVELS. IF BEARS HAVE TO SURVIVE IN THE PRESENT OVER BULLISH MARKETS CONDITION THEN THE HARD CORE LONG TERM BEARS MAY UNITE TOGETHER TO PULL SPOT NIFTY INITIALLY BELOW THE CRITICAL LEVEL OF 5248 FOLLOWED BY A CLOSE BELOW THE 200 DMA AROUND 5190 TO 5180 LEVELS.IN CASE BEARS FEEL THAT PULLING DOWN OF SPOT NIFTY BELOW 5248 IS  BEYOND THEIR  CAPABILITIES THEN THEY SHOULD QUIETLY GET CONVERTED INTO BULLS AND JOIN HANDS WITH THE BULLS TO LIFT THE MARKET FURTHER UP & UP, LEAVING THE EXTERNAL OPERATORS TO PULL INDIAN MARKETS DOWN BY PLANTING ADVERSE NEWS ON PIIGS COUNTRIES LIKE PORTUGAL, ITALY, IRELAND, GREECE & SPAIN  OR FURTHER  IGNITE  EUROPEAN CRISES A LITTLE MORE  TO GENERATE PANIC.

FOR MONDAYS TRADING, THE OPENING IS LIKELY TO BE BULLISH AS ASIAN MARKETS WHICH WERE SLUGGISH ON FRIDAY WILL MOVE UP ON MONDAY AT THE BACK OF DECEPTIVE DOWS MEGA RISE OF 156 POINTS. ALTHOUGH DOW AS PER ITS DAILY CHARTS HAS SHOWN A GOOD TURN AROUND TOWARDS THE UP SIDE YET DOWS ALTERNATE DAY OF RISE & FALL COUPLED WITH OPERATOR DRIVEN DOW FUTURES WILL PLAY ITS AS USUAL  NOTORIOUS PART IN RESTRICTING ASIAN MARKETS. FOR MONDAY, SPOT NIFTY FINDS INITIAL SUPPORT AROUND 5310 FOLLOWED BY 5292 BELOW WHICH BEARS WILL PUT THE BULLS ON THE MAT & IN CASE SPOT NIFTY SLIDES FURTHER TO SUSTAIN BELOW 5272, THEN ONE MAY BE REASONABLY SURE TO SEE THE INITIATIVE BEING SNATCHED AWAY BY THE VIBRANT BEARS FROM THE OVEREATEN PETOORAM BULLS TO SEE SPOT NIFTY SLIDING TOWARDS THE CRITICAL LEVEL OF 5248 IN A DAY OR TWO.

THE LAST 30 MINUTE PIN BAR FORMATION IN  SPOT NIFTY SPELLS DANGER FOR THE BULLS  IN CASE BULLS FAIL TO SUSTAIN ABOVE THE PIN BAR HIGH OF 5335. SO, A FALL BELOW NIFTY FUTURE LEVEL OF  5310  WILL ENCOURAGE INTRADAY TRADERS TO TRADE SHORT FOR QUICK GAINS AND A SLIDE BELOW  NIFTY FUTURE LEVELS OF 5290  WILL SEE FURTHER SHORTS BEING ADDED FOR FURTHER GAINS. ROVING STOP LOSS FOR SHORTS MAY BE KEPT TO PROTECT GAINS. SIMILARLY TRADERS STILL ITCHING TO GO LONG MAY BUY IN CASE NIFTY FUTURES SLIDES TOWARDS  BUT DOES NOT BREACH 5310 WITH A TIGHT SL BELOW IT TO REVERSE FOR SHORT. SIMILARLY MORE LONGS MAY BE ADDED IN CASE NIFTY FUTURES SUSTAINS ABOVE THE FUTURE LEVELS OF FRIDAYS HIGHS OF 5357 & ALSO ABOVE FUTURE 5370.

MARKET OUTLOOK ( 03 / 02 / 2012 )

2012-02-03T00:41:00.002+05:30

NIFTY CONTINUED TO SHOW BULLISH MOMENTUM  & OPENED WITH A HUGE GAP UP AROUND SPOT 5270 COMPARED TO TUESDAYS CLOSING LEVEL OF 5199. EVEN AFTER AN INTRADAY  PULL DOWN TOWARDS SPOT 5226 NEAR  THE MAJOR 38.2% FIBO SUPPORT OF 5222 DUE TO THE OVER EXAGGERATED  STRESS ON THE NEWS OF THE COURT VERDICT ON 2G LICENSE CASE, BUT NIFTY BOUNCED BACK AGAIN TO MAKE A DAY HIGH OF 5299 TO CLOSE FINALLY AROUND 5270. AS WAS MENTIONED EARLIER, EVERY INTRADAY DECLINE WAS USED BY THE BEARS TO COVER THEIR SHORTS AND FRESH BUYING WAS INITIATED  TO RIDE THE BULL RUN . HENCEFORTH  THE FIBO LEVEL OF 5222 WILL BECOME A STRONG SUPPORT FOR SPOT NIFTY AND ANY INTRADAY DECLINE TOWARDS IT WILL ENCOURAGE BUYING INTEREST . THE CRITICAL 200 DAY SMA NOW AROUND 5190 WILL PROVIDE THE SECOND LINE OF DEFENSE FOR THE BULLS IN NEAR FUTURE EVEN THOUGH  ALL OUT EFFORTS WILL BE MADE BY OPERATORS TO HAVE LAST MONDAY TYPE SUDDEN PULL DOWNS TO FLUSH OUT WEAKER HANDS.

FOR FRIDAY’S TRADING, THE OPENING AGAIN WILL DEPEND ON THE CONDITION OF ASIAN MARKETS . MOST LIKELY ASIAN MARKETS OF KOREA, HONG KONG ETC MAY SEE SOME PAUSE OR CORRECTION  INDUCED BY OVERNIGHT NEGATIVE DOW & THE DOW FUTURES AS DOW WILL HAVE ITS DECEPTIVE ALTERNATE DAY OF UP & DOWN MOVEMENTS TO CONTROL REST OF THE WORLD MARKETS, THAT MAY HAVE A NEGATIVE IMPACT ON THE OPENING OF INDIAN MARKETS . HOWEVER, LIKE ANY OTHER DAY AFTER THE INITIAL INFLUENCE OF THE OPENING FEW MINUTES, INDIAN MARKETS  WILL DRAW ITS OWN COURSE OF ACTION AS BEARS MAY PREFER TO QUIT THEIR SHORTS ON EVERY INTRADAY DECLINE AND THEN JOIN THE BULLS IN GOING LONG TO RIDE THE BULL RUN.

ALTHOUGH THE MAJOR RESISTANCE LINE AROUND 5280 TO 5290 HAS BEEN TESTED BY NIFTY ON THURSDAY, YET A DECISIVE CLOSE ABOVE THE RESISTANCE LINE WILL SEE A QUANTUM JUMP TO A MUCH HIGHER ORBIT TOWARDS THE 28^TH OCTOBER HIGH OF 5400 EARLY NEXT WEEK. FOR INTRADAY TRADING PURPOSE  SPOT NIFTY FINDS INITIAL SUPPORT AROUND 5250-5248 BELOW WHICH A STONE LIKE FALL TOWARDS THE FIBO 38.2% SUPPORT OF 5222  IS POSSIBLE WHICH IF DOES NOT HOLD THEN THE ALL IMPORTANT 200 DMA AROUND 5191 SHOULD HOLD.

LAST FRIDAY NIFTY SPOT HAD A WEEKLY CLOSING OF 5204 WITH A WEEKLY HIGH OF 5217. OPERATORS WILL MAKE ALL THE POSSIBLE EFFORTS TO PULL NIFTY DOWN  BELOW THE CRITICAL 50 WEEK MOVING AVERAGE AROUND 5252 SPOT  TO HAVE A WEEKLY CLOSING BELOW IT. OLD & HARASSING NEWS MAY BE FLASHED TIME & AGAIN  TO PULL THE MARKETS DOWN  TOWARDS LAST WEEKS HIGH OF 5217 SPOT LEVELS, OR EVEN BELOW THE LAST FRIDAYS CLOSINGS OF 5204  LEVELS TO FLUSH OUT WEAKER HANDS & PREVENT NIFTY SPOT MAKING IT THE 5^TH CONSECUTIVE WEEKLY RISE, ONLY TO GENERATE SUITABLE CONDITIONS FOR THEIR OWN ENTRY AT LOWER LEVELS FOR NEXT WEEK.

INTRADAY TRADERS MAY TRADE SHORT IN CASE SPOT NIFTY IS PULLED DOWN BELOW 5248 TO 5244 ZONE IN WHICH CASE ONE MAY EVEN EXPECT  NIFTY SPOT FALLING TOWARDS 5222 FOLLOWED BY 5208 OR EVEN SUB 5200 LEVELS NEARER TO 200 DMA  AROUND 5191. SIMILARLY ON THE HIGHER SIDE, IN CASE SPOT NIFTY DOES NOT BEACH  OR DOES NOT SUSTAIN BELOW 5252 TO 5242 ZONE, THEN  THE INTRADAY DECLINE WILL BE HEAVILY BOUGHT INTO TO SEE NIFTY MOVING UP TO BREACH THURSDAYS HIGHS OF 5290 TO MOVE TOWARDS 5300 OR EVEN 5326 LEVELS TO AGAIN SEE A BOUT OF TUG OF WAR BETWEEN THE BULLS AND THE BEARS TO PULL NIFTY DOWN TO HAVE A CLOSING BELOW 5300 . SO INTRADAY TRADERS MAY PREFER TO BUY IN CASE OF DECLINES TOWARDS 5250 TO 5240 SPOT LEVELS WITH STOP LOSS BELOW THIS ZONE TO REVERSE FOR SHORTS. SIMILARLY SHORTING MAY BE PLANNED AROUND SPOT 5285 TO 5290  WITH A TIGHT STOP LOSS ABOVE THIS ZONE TO REVERSE TO GO LONG FOR QUICK GAINS.

IN SPITE OF SUCH BIG UP MOVE IN NIFTY , OPERATORS HAVE SUPPRESSED SOME INDEX HEAVY STOCKS IN  FMCG, PHARMA,OIL & GAS, POWER EQUIPMENT  & CAPITAL GOODS. THESE OPERATORS &  MARKET MANIPULATORS WILL CONTINUE TO HAVE THESE STOCKS SUPPRESSED TILL NEXT WEEK. TRADERS MAY ONLY KEEP A CLOSE WATCH ON  THESE  SUPPRESSED STOCKS AND PLAN TO QUIETLY ACCUMULATE THESE GRADUALLY & SLOWLY FOR GOOD GAINS LATER.

MARKET OUTLOOK ( 02 / 02 / 12 )

2012-02-02T08:57:00.003+05:30

MARKETS DISPLAYED REMARKABLE BUOYANCY ON WEDNESDAY & EVEN AFTER OPENING GAP DOWN THE WAY NIFTY CLOSED THE GAP TO MOVE UP FURTHER TO CROSS THE HIGH OF LAST WEEK AT 5217 TO MAKE A NEW HIGH OF 5244 TO CLOSE AT 5235 MUCH ABOVE THE 200 DMA AROUND 5200  AS WELL AS ABOVE THE 38.8% FIBO LEVEL AT 5222, IS AN EARLY INDICATION OF  FURTHER UP MOVE PAST THE MAJOR RESISTANCE LINE COMING AROUND 5260 TO 5275. CROSSING AND SUSTAINING ABOVE 5200 NOT ONLY SAW HUGE SHORT COVERING BUT EVEN MILD INTRADAY DECLINES WERE BOUGHT INTO WHICH IS AN INITIAL INDICATION OF MUCH LARGER UP MOVE IN STORE FOR NIFTY TOWARDS LAST OCTOBER HIGH OF 5400 IN QUICK TIME.

IF ONE HAS A CLOSER LOOK AT THE CHART ABOVE, ONE CAN CLEARLY SEE A PERFECT INVERTED HEAD & SOLDER FORMATION WITH THE HEAD AT MONDAYS LOW OF 5076 AND SOLDER LINE AROUND 5215. ON WEDNESDAY NIFTY HAVING BREACHED THE NECK LINE AROUND 5215& HAVING CLOSED ABOVE IT, IS SET FOR ANOTHER 136 POINT RISE FROM THE NECK LINE TOWARDS 5353 SPOT NIFTY LEVELS. SO, ANY INTRADAY DECLINES TOWARDS  OR EVEN SLIGHTLY BELOW THE NECK LINE WILL NOT ONLY ALLOW BEARS TO QUIT THEIR SHORTS BUT ALSO WILL SEE HEAVY BUYING BY THE BULLS TO AT LEAST SEE THE UP SIDE TARGET OF 5353. WITH BOTH THE MONTHLY & WEEKLY INDICATORS GENERATING STRONG BUY SIGNALS, THE OVERBOUGHT LOOKING  LOWER INDICATORS OF DAILY CHARTS WILL TURN UPWARDS  ON SLIGHTEST DECLINE TO CONFINE TO THE INDICATORS OF HIGHER TIME FRAMES. THUS ANY INTRADAY DECLINE OR A MONDAY TYPE DOWN SIDE BLIP MAY BE AN IDEAL OPPORTUNITY TO BUY FOR GREAT GAINS IN NEAR FUTURE.

FOR THURSDAYS TRADING PURPOSE, ONE MAY EXPECT NIFTY TO CONTINUE UPWARDS FROM WHERE IT HAD LEFT ON WEDNESDAY  & ONE SHOULD NOT BE SURPRISED TO SEE A BIG GAP UP TOWARDS 5300 SPOT LEVELS TO MOVE UP FURTHER AND COMPLETE THE HEAD & SOLDER TARGET OF 5353 BY END OF THIS WEEK. THE MAJOR RESISTANCE LINE AROUND SPOT NIFTY LEVEL OF 5260 TO 5275 COMING FROM 2010 DIWALI HIGH OF 6338, MOST LIKELY WILL BE BREACHED WITH EASE OR AFTER ONE OR TWO INTRADAY ATTEMPTS WILL BE BREACHED THIS WEEK TO MOVE TOWARDS 5300 SPOT NIFTY LEVELS. THE INDICATIONS ARE LOOKING HIGHLY BULLISH AT THE MOMENT AND SHOULD BE USED TO BUY FOR MUCH HIGHER LEVELS BY HAVING A STOP LOSS BELOW  TUESDAYS LOWS OF 5159 OR EVEN BELOW MONDAYS LOWS OF 5076. A DECISIVE CROSS OVER OF THE RESISTANCE LINE AROUND 5260 TO 5275 WILL  TRIGGER THE FINAL BOUT OF SHORT COVERING AS BEARS WOULD CONVERT THEMSELVES AS BULL TO RIDE THE BULL RUN. SO ANY INTRADAY DECLINE AFTER THE GAP UP IS A BUYING OPPORTUNITY FOR THURSDAY & FRIDAY.

SPOT NIFTY HAS INTRADAY RESISTANCE AROUND 5275 FOLLOWED BY PSYCHOLOGICAL LEVEL OF 5300 ABOVE WHICH IT WILL QUICKLY MOVE UP TO COMPLETE THE INVERTED HEAD & SOLDER TARGET OF 5353 TO EYE FOR THE 28 OCTOBER 2011 HIGH OF 5400 EARLY NEXT WEEK. SIMILARLY SPOT NIFTY HAS INTRADAY SUPPORT AROUND THE  FIBO 38.2% LEVEL OF 5222 OR AROUND THE NECK LINE OF THE H&S AT 5215. IN CASE OF ANY UNFORESEEN ADVERSE NEWS EVENT SUDDENLY COMING UP,  ONE SHOULD NOT BE SURPRISED TO SEE THE NECK LINE AROUND 5215 GETTING BREACHED TO BOUNCE UP AGAIN. THE INTRADAY SUPPORT LINE JOINING MONDAYS LOWS OF 5076 AND WEDNESDAYS  LOW OF 5159  MOVES UP TOWARDS 5188 TO 5200 LEVELS THAT SHOULD PROVIDE THE REQUISITE SUPPORT TO SPOT NIFTY IN CASE OF ANY SUDDEN DOWN SWING. IN ANY CASE WEDNESDAYS LOWS OF 5159 CAN BE KEPT AS SUPPORT AND EVERY INTRADAY DECLINE CAN BE BOUGHT FOR SEEING MUCH HIGHER LEVELS TOWARDS 5300 & 5353 IN A DAY OR TWO. ONLY A FALL TO SUSTAIN BELOW 5159 CAN BE USED TO QUIT LONGS AND INITIATE FRESH SHORTS.

MARKET OUTLOOK ( 01/02/2012)

2012-01-31T23:32:00.002+05:30

AFTER THE DOW INDUCED FALL ON MONDAY, THE WAY NIFTY BOUNCED BACK ON TUESDAY IS A CLEAR INDICATION OF THE BULLISH STRENGTH HIDDEN IN INDIAN MARKETS. ALTHOUGH THE RISE OF TUESDAY WITH A GAP UP TO MOVE NEARER TO FRIDAYS HIGHS OF SPOT 5217 TO FALL JUST SHORT OF IT AT 5215 TO AGAIN CLOSE AROUND THE DOWN SLOPING 200 DAY SMA AROUND 5200 LOOKS DECEPTIVE WITH DOW OPERATORS PLANNING AN IDEAL BULL TRAP, YET THE STRENGTH SHOWN BY NIFTY ON TUESDAY WAS REMARKABLE AND  AFTER ANOTHER DOW INDUCED FALL, NIFTY  WILL CERTAINLY SHOOT PAST THE ALL IMPORTANT 38.2% FIBO LEVEL OF 5222 TO LOOK UP TOWARDS MUCH HIGHER LEVELS IN COMING DAYS.

DOW WITH ITS AS USUAL NASTY GAME OF  FALLING AFTER THE EUROPEAN MARKETS CLOSED IN THE GREEN ON TUESDAY, WILL MAKE ANOTHER ATTEMPT AT PULLING DOWN THE ASIAN MARKETS ON WEDNESDAY MORNING. TO THIS EXTENT DOW FUTURES WILL BE SUITABLY TWISTED BY OPERATORS  TO ADVERSELY INFLUENCE ASIAN AS WELL AS INDIAN MARKETS ON WEDNESDAY. HOWEVER A DOW INDUCED SLIDE WILL OFFER ANOTHER GREAT OPPORTUNITY FOR INDIAN TRADERS AND INVESTORS TO BUY INTO THE FALLS FOR ANOTHER GREAT GAIN DURING THE FEBRUARY MONTH . TO THIS EXTENT THE LOW MADE ON MONDAY AROUND THE SPOT NIFTY LEVEL OF 5076 IS HIGHLY CRITICAL AS IT FELL & TOUCHED THE SUPPORT LINE JOINING THE LOWS OF 4695 ON  9TH JAN AND 4827 OF 16^TH JAN . THIS SUPPORT LINE EXTENDS UPWARDS  TO 5125 FOR WEDNESDAY 1^ST FEB & TO 5150 FOR THURSDAY 2^ND FEB. SO,AS LONG AS THIS SUPPORT LINE HOLDS EVERY INTRADAY OPERATORS INDUCED FALL WILL SEE GOOD BOUNCE .

IF ONE HAS A CLOSER LOOK AT THE HOURLY CHART ABOVE, ONE WILL NOTICE THAT NIFTY IS CONFINED WITHIN A  UPWARD LOOKING CHANNEL WITH SUPPORT AROUND 5125 TOWARDS 5100. MOST LIKELY THIS LOWER CHANNEL SUPPORT SHOULD HOLD OR EVEN IF IT IS BREACHED DUE TO OPERATORS ACTION TO FLUSH OUT WEAKER HANDS THEN THE MONDAYS LOWS OF 5076 SHOULD PROVIDE THE LAST SUPPORT IN CASE OF ANY FURTHER FALLS  TO GENERATE PANIC.  MOST LIKELY NIFTY IS MAKING A FLAT FORMATION AROUND THE 5215 AND 5075 ZONE AND A FALL TO RETEST OR SLIGHTLY BREACH MONDAYS LOWS OF 5076 WILL COMPLETE THE FLAT TO START THE NEW UP WAVE TO SHOOT PAST THE 38.2% FIBO RESISTANCE OF 5222 TOWARDS MUCH HIGHER LEVELS AS CAN BE SEEN IN THE CHART ABOVE. IN CASE NIFTY DOES NOT FALL TOWARDS MONDAYS LOWS IN ORDER TO MAKE THE FLAT, THEN NIFTY IN SPITE OF ALL THE ODDS CAN SHOOT PAST THE MONDAY-TUESDAY TWIN HIGHS OF 5217  & 5215  AND WILL BYPASS THE FIBO 5222 TOWARDS 5260 OR EVEN 5280  OR MUCH HIGHER LEVELS BY END OF THIS  WEEK.

IN THE INTRADAY CHARTS  OF LOWER TIME FRAMES OF 15 MINUTES AND LOWER CHARTS, BETWEEN MONDAYS GAP HIGH OF SPOT 5166, MONDAYS INTRADAY LOW OF 5076 AND TUESDAYS MID DAY LEVEL OF 5156 , NIFTY HAD MADE A PERFECT INVERTED HEAD & SOLDER FORMATION. THE DECISIVE BREACH OF THE NECK LINE OF THE H & S AT 5156 ON LATE TUESDAY  BY A CONVICTION CANDLE IS AN INDICATION OF AT LEAST ANOTHER 80+ POINT RISE FROM THE NECK LINE AT 5155 TOWARDS SPOT NIFTY LEVEL OF 5235. SO ANY EXTERNALLY INDUCED SLIDE TOWARDS THE NECK LINE OR BELOW IT TO FLUSH OUT WEAKER HANDS CAN BE FULLY USED TO BUY FOR VERY GOOD GAINS. IN ANY CASE, AS LONG AS SPOT NIFTY DOES NOT DECISIVELY BREACH AND SUSTAIN  BELOW 5075 TO 5050 LEVELS, IT WILL CONTINUE TO MOVE UP TO MAKE NEW HIGHS AND EVERY MONDAY TYPE  OPERATOR INDUCED DECLINE IS A GREAT BUYING OPPORTUNITY. ONE MUST BE REASONABLY SURE TO SEE DOW FALLING FOR NEXT 2 TO 3 DAYS AS PER ITS DAILY CHARTS AND ANY SUCH DOW INDUCED FALL SHOULD BE USED TO BUY ONLY.

MARKET OUTLOOK ( 31 / 01/ 2012 )

2012-01-31T09:00:00.002+05:30

NIFTY AS  PER EXPECTATIONS, TOOK A PAUSE BUT THE PAUSE WAS CONVERTED INTO A SHORT TERM CORRECTION BY THE WEAKNESS IN SOME INDEX HEAVIES & CHANGING OF COLORS BY SOME OLD FINANCIAL CHANNELS BY SEEING DOW NEGATIVE ON FRIDAY NIGHT. AS WAS  INDICATED IN THE WEEKLY ANALYSIS BELOW, A MASTER PLOT IS BEING PLOTTED TO PULL THE MARKETS DOWN  BY PULLING DOWN DOW AND ITS FUTURES DURING THE ASIAN TRADING HOURS. THE MOMENT ANALYSTS SEE DOW BECOMES NEGATIVE OVERNIGHT, AND ITS FUTURES ARE HIGHLY NEGATIVE DURING THE TRADING HOURS, THE TONE CHANGES SUDDENLY IN FAVOR OF DOW & ITS FUTURES FORGETTING ALL OTHER TECHNICAL ANALYSIS. AS WAS PREDICTED, SOME FRAUDULENT FINANCIAL HOUSES OPERATING FROM ABROAD DOWN GRADED SOME INDEX HEAVIES EVEN  THOUGH THE WEAK RESULTS WERE IN LINE WITH EXPECTATIONS. ALL  TOM , DICKEN & HARRY WERE CALLED TO ANALYSE THE POOR RESULTS BUT  THE MANAGEMENT OF THE COMPANY WAS PURPOSEFULLY IGNORED TO FACILITATE SHORTING INTEREST. A FEW MONTHS BEFORE EXACTLY SIMILAR  ANALYSIS WAS MADE ON L&T  TO FLUSH OUT WEAKER HANDS AFTER ITS RESULTS TO PULL IT DOWN TO A LOW OF 970 ONLY TO SEE IT RISE TILL THIS FRIDAYS HIGH OF 1388.

IN THIS OPERATOR DRIVEN ENVIRONMENT, IT IS  GOING TO BE IMPOSSIBLE FOR GENUINE INVESTORS TO MAKE MONEY IN INDIAN MARKETS. AS HAS BEEN MENTIONED MANY A TIMES IN THE PAST, IT IS WISER FOR TRADERS TO JUST FORGET CARRY OVER OF POSITIONS AND SHOULD ONLY RESORT TO INTRADAY TRADING. MOST OF THE LOSSES THE INDIAN GENUINE INVESTORS ARE FACING IS DUE TO THE MARKET MANIPULATION BY THE OPERATORS. SO IT IS WISER FOR TRADERS AND INVESTORS TO RESORT TO INTRADAY TRADING ONLY & IF ONE HAS TO CARRY THEN ONE SHOULD PROPERLY HEDGE THE POSITIONS. OPTION BUYERS MUST HAVE BOTH CALL & PUT CARRIED OVER TO FACE & OVERCOME THE MENACE OF DOW OPERATORS.

NOTWITHSTANDING THE OPERATORS ACTION THROUGH DOW &  THE MANIPULATION OF ITS  FUTURES TO REGULATE REST OF THE WORLD MARKETS, INDIAN MARKETS AS IT IS  HAD MOVED UP FROM THE 2^ND JAN LOWS OF 4588 TO 27 JAN HIGH OF 5211 AND DEFINITELY NEEDED A PAUSE & THE PAUSE HAD TO COME THROUGH THE MANIPULATION OF DOW & ITS FUTURES. AS IS MENTIONED IN THE WEEKLY ANALYSIS BELOW, ONE SHOULD BE MENTALLY PREPARED TO SEE THE PAUSE CONTINUING FOR TWO TO THREE DAYS MORE BECAUSE IF ONE HAS A CLOSER LOOK AT THE DAILY CHART OF DOW, ONE CAN NOTICE THAT  ITS INDICATORS ARE SIGNALING FURTHER TWO TO THREE DAYS OF FALLS TO WHICH DOW OPERATOR’S ASIAN WHIPPING BOYS INCLUDING INDIAN MARKETS WILL BLINDLY FOLLOW IRRESPECTIVE OF THE STATE OF THEIR OWN ECONOMY. NEWS OF THE ENTIRE WORLD EVENTS EMANATING FROM WEST WILL BE ACCORDINGLY MANIPULATED & REGULATED TO SUPPORT DOWS MOVEMENTS.

TECHNICALLY, NIFTY CONTINUES TO REMAIN BULLISH AS LONG AS IT DOES NOT FALL TO CLOSE BELOW THE 20 & 50 DAY MOVING AVERAGE . PRESENTLY 20 DMA HAVING CROSSED 50 DMA AROUND 4825, HAS MOVED UP TOWARDS 4950 TO 5000 LEVELS. EARLIER DAYS THIS CROSS OVER WAS SIGNALING BULLISHNESS BUT NOW DAYS OPERATORS HAVE CONVERTED THIS CROSS OVER AS A POWERFUL MAGNET TO PULL THE MARKETS TOWARDS THE CROSS OVER POINT TO BREACH IT. SO ONE SHOULD BE MENTALLY PREPARED TO SEE NIFTY NOT ONLY FALLING TO BREACH THE 20 DMA, BUT IT WILL BE BROUGHT DOWN TO EVEN BREACH THE 50 DMA NOW AROUND 4848 TO ENTIRELY FLUSH OUT WEAKER HANDS. IN ANY CASE NIFTY WITHOUT CLOSING ABOVE THE 200 DAY SMA AROUND 5205 HAS FALLEN ON MONDAY TO BREACH THE 200 DAY EMA AROUND 5115 TO FALL TILL 5076 TO CLOSE AT 5087. A DECISIVE CLOSE BELOW THE 200 DAY EMA AROUND 5115 HAS SENT SOS CALLS TO BOTH THE 20 & 50 DMAS TO SET THEIR FULL FORCE TO ATTRACT NIFTY TOWARDS IT.

TRADERS AND INVESTORS MUST KEEP IN MIND THAT AS LONG AS NIFTY DOES NOT RISE TO CLOSE ABOVE THE MAJOR 38.2% RETRACEMENT LEVEL OF 5222 WHICH IS ABOVE THE DOWN SLOPING 200 DAY SMA NOW  AROUND 5200, ALL THESE JANUARY MONTH RISE FROM THE LOWS OF 4588 WILL REMAIN PART OF A DEAD CAT BOUNCE AND IF BULLS FALTER AGAIN THEN ONE SHOULD NOT BE SURPRISED TO SEE NIFTY FALLING TO BREACH THE RISING 20 DMA AROUND 4950 TO 5000 LEVELS FOLLOWED BY THE FLAT 50 DMA AROUND 4848 TO PREPARE  FOR THE SPRING BOARD TO DIVE TOWARDS NEW YEARLY LOWS IN A RHYTHMIC PATTERN AROUND THE BUDGET TIME. HOWEVER IF NIFTY RISES AFTER THE ROUTINE PAUSE OR CORRECTION FROM ABOUT THE 38.2% LOWER RETRACEMENT LEVEL OF 4973 OR 50% RETRACEMENT LEVEL OF 4900 AS CAN BE SEEN IN THE CHART ABOVE, THEN  THE PRESENT SLIDE CAN BE TERMED AS A RETRACEMENT TO THE MEGA JANUARY RISE TO TURN UP AND MAKE NEW HIGHS ABOVE 200 DAY SMA AROUND 5200 FOLLOWED BY MAJOR 38.2% RETRACEMENT LEVEL OF 5222 TO RESUME THE BULL RUN.

FOR INTRADAY TRADING PURPOSE ON TUESDAY, THE OPENING AGAIN WILL BE IN LINE WITH ASIAN MARKETS WHICH AGAIN WILL DANCE TO THE TUNE OF OVERNIGHT DOW SUPPORTED BY ITS OPERATORS FAVORITE DOW FUTURES. AS LONG AS SPOT NIFTY REMAINS BELOW  5135  TO 5140 ZONE, RUTHLESS SHORTING ON EVERY RISE TOWARDS IT MAY BE PLANNED TO REVERSE & GO LONG IN CASE SPOT NIFTY  CROSSES 5135 TO 5140 ZONE UPWARDS. AS CAN BE SEEN IN THE HOURLY CHART ABOVE, AROUND 5150 SPOT NIFTY HAS ALREADY BREACHED THE FIRST SUPPORT LINE JOINING THE INTRADAY LOWS. IT HAS MADE A LOW ON MONDAY AROUND THE SECOND SUPPORT LINE AT 5075 WHICH TOO IS FIBO 23.6% SUPPORT. A BREACH OF THIS 2^NDSUPPORT LINE AROUND 5070 WILL DEFINITELY PULL NIFTY DOWN TOWARDS 5040 INITIALLY FOLLOWED BY 5005 TO THREATEN THE GAP LOW OF 19^TH JAN AROUND 4993. DOJI LOW FORMED ON 20 JAN AT 5004  WHICH TOO HAS FORMED AN INSIDE BAR SET UP WITH THE CANDLE OF 23^RD JAN, IS HIGHLY CRITICAL NOT ONLY FOR THE SURVIVAL OF THE BULLS BUT ALSO FOR DECIDING ON THE TENURE OF THE PRESENT UP MOVE.

ALTHOUGH JUST BY ONE DAY OF BIG FALL, THE THINGS ARE MADE TO LOOK TOO WEAK, ACTUALLY THE CONDITION OF NIFTY IS NOT THAT BAD  WITH JUST ONE DAY OF FALL. A GOOD TURN AROUND IN OVERNIGHT DOW COUPLED WITH HIGHLY BULLISH DOW FUTURES ON TUESDAY MORNING CAN SUDDENLY CHANGE THE ATTITUDE OF MANY ANALYSTS OF THE FINANCIAL CHANNELS AND ONE MAY OBSERVE GREAT DRAMA AS TO HOW THE TONE GETS GRADUALLY CHANGED AS IT GOT CHANGED FROM FRIDAY’S BULLISHNESS TO MONDAY’S BEARISHNESS JUST BY SEEING OVERNIGHT FRIDAY’S NEGATIVE DOW & ITS HIGHLY NEGATIVE FUTURES ON MONDAY MORNING. REMEMBER, EVERYTHING  IN INDIAN MARKETS IS CONTROLLED BY DOW OPERATORS & IT WILL CONTINUE TO REMAIN SO FOR DONKEYS YEARS AHEAD & MOST OF THE FINANCIAL CHANNELS DO NOTHING OTHER THAN JUST CHANGING THEIR TONE TO DANCE TO THE TUNE OF OVERNIGHT DOW & ITS FUTURES.

MARKET OUTLOOK ( 30 / 01 / 2012

2012-01-29T15:01:00.000+05:30

NIFTY  CONTINUED WITH ITS MEGA BULL RUN AND CLOSED THE WEEK ABOVE THE CRITICAL 5200 MARK AT 5204 AFTER REACHING A WEEKLY HIGH OF 5217 ON FRIDAY. IT WAS  THE FOURTH CONSECUTIVE WEEKLY RISE FOR NIFTY AFTER THE 2^ND JAN LOW OF 4588 & THE WAY NIFTY HAS MOVED UP DURING THE MONTH OF JANUARY THIS YEAR, IT MAY WELL BE THE BEST MONTHLY GAIN  WITH A MONTHLY RISE OF MORE THAN 15% FROM THE LOWS OF 4588 ON 2^ND JAN TILL THE HIGH OF 5217 ON 27^TH JAN. THIS MEGA RISE OF NIFTY TO SURMOUNT EACH OF THE BARRIERS OF 20 & 50 DMA CROSS OVER AROUND 4825, 200 DAY EMA AROUND 5115 WITH MASSIVE BULLISH CANDLE FORMATIONS DURING THE CROSSOVERS ARE NOT TO BE TAKEN LIGHTLY & THE WAY FOREIGN INFLOWS ARE GETTING INTO INDIAN MARKETS, IT PUZZLES BOTH THE TRADERS & INVESTORS AS TO WHETHER THIS IS THE LAST BEAT OF THE CORRECTIVE UP MOVE TO THE OVER ALL BEAR MARKET OR A FRESH BULL RUN  HAS STARTED  FROM THE FIRST TRADING DAY OF THIS YEAR’S LOW OF 4588.

WELL, IT WAS  NOT ONLY THE INDIAN MARKETS WHICH WERE MOVING UP, EQUITY MARKETS OF MOST OF THE OTHER COUNTRIES ALSO HAVE SHOWN  REMARKABLE RISE FROM THEIR RESPECTIVE MONTHLY LOWS TO THE HIGHS DURING THE MONTH SO FAR WITH BRAZIL’S BOVESPA  LEADING THE REST OF THE WORLD MARKETS WITH A RISE OF MORE THAN 12%  NOT LEAVING FAR BEHIND HONG KONG WITH SIMILAR 12% GAIN & SINGAPORE WITH 10% GAIN, BOTH CHINA & KOREA HAD MORE THAN  9% GAIN. EVEN THE US-EUROPEAN PACK WHICH SHOWED MORE CONCERN FOR THE EUROPEAN CRISES HAD REMARKABLE GAINS WITH GERMAN DAX LEADING THE WAY WITH 9.8% GAIN FROM THE MONTHLY LOWS TO HIGH. SO, ALL THESE ARE EARLY INDICATIONS TOWARDS MUCH LARGER RISE AND ENCOURAGES ONE TO USE THE LIKELY PAUSE OR CORRECTION TO BUY FOR BIG GAINS IN NEAR FUTURE UNLESS A CATASTROPHIC EVENT  OR A MASTER PLOT TO UPSET  THE ENTIRE APPLECART IS WAITING TO CROP UP SHORTLY TO RUIN THE BULL RUN.

FOR INDIAN MARKETS, FULL CREDIT GOES TO THE RBI WHICH AT THE CRITICAL JUNCTURE OF NIFTY 5100 DID NOT REPEAT ITS OLD STYLE &  SURPRISINGLY CUT THE CRR BY 50 BASIS POINTS THAT SAW NIFTY SHOOTING PAST THE CLUSTER OF RESISTANCES AROUND THE CRITICAL 5100 AS WELL AS THE 200 DAY EMA AROUND 5115. THE RISE COUPLED WITH SHORT COVERING WAS SO VIGOROUS THAT ON FRIDAY NIFTY EVEN BREACHED THE CRITICAL 200 DAY SMA AROUND 5205 TO GO UP TILL 5217 TO FINALLY CLOSE THE WEEK EXACTLY AT THE 200 DMA AROUND 5205. IN THE COMING DAYS ONE SHOULD BE PREPARED TO SEE ALTERNATE BOUTS OF PUSH & PULL BETWEEN THE BULLS AND THE BEARS GOING ON AROUND THE 200 DAY SMA AT 5200 & 200 DAY EMA AT 5100 TO REGAIN SUPREMACY.

TECHNICALLY, THE RISE OF MORE THAN 3% DURING THE WEEK COUPLED WITH FOUR CONSECUTIVE WEEKS OF RISE IN JAN MONTH SO FAR, HAVE STRENGTHENED THE WEEKLY INDICATORS WHICH HAD GENERATED THE INITIAL BUY SIGNALS AROUND MID JANUARY. NIFTY HAVING CLOSED ABOVE 20 WEEK SMA EARLIER ALSO HAS CLOSED ABOVE THE CRITICAL 34 WEEK SMA DURING THIS WEEK. THIS DECISIVE CLOSE ABOVE THE 34 WEEK SMA IS HIGHLY IMPORTANT  AS NIFTY HAD FAILED TO CLOSE ABOVE IT SINCE JULY LAST YEAR. EVEN THE LAST OCTOBER NOTORIOUS PLOT OF  SARKOZY-MERKEL  THAT LIFTED THE WORLD MARKETS, ALTHOUGH TOOK NIFTY TILL 5400, YET IT HAD FAILED TO CLOSE ABOVE THE CRITICAL 34 WEEK SMA AS CAN BE SEEN IN THE WEEKLY CHART ABOVE. NOW HAVING CLOSED AT 5204 FAR ABOVE THE 34 WEEK SMA AROUND 5110, NIFTY WILL EYE FOR THE CRITICAL 50 WEEK SMA AROUND 5260. THIS SHOULD NOT BE A PROBLEM FOR THE BULLS AS MOST  OTHER WORLD INDICES OF US, UK, GERMAN, BRAZIL & EVEN KOREA HAVE CLOSED ABOVE IT LAST WEEK.

BESIDES THE HIGHLY BULLISH CANDLE FORMATIONS IN THE WEEKLY CHARTS TOGETHER WITH THE STRONG BUY SIGNALS FROM THE WEEKLY INDICATORS, THE MONTHLY CHARTS  ALSO HAVE STARTED TO LOOK ENCOURAGING AFTER THE MONTHLY RISE DURING THIS MONTH. ALTHOUGH THERE ARE STILL TWO TRADING DAYS LEFT IN JAN MONTH, THE RISE SO FAR AFTER BOUNCING UP FROM THE MONTHLY BOLLINGER BAND LOWS AROUND 4530 AND  TO SHOOT PAST THE 50 MONTH MOVING AVERAGE AROUND 4820 ARE INITIAL TURN AROUND SIGNALS WHICH ARE HIGHLY BULLISH FOR THE LONG TERM HEALTH OF INDIAN MARKETS. MONTHLY STOCH HAS TURNED UP FROM THE OVERSOLD ZONE & MONTHLY MACD IS LIKELY TO FORM A HOOK TURN FROM THE NEUTRAL LINE WHICH ARE HIGHLY BULLISH LONG TERM SIGNALS. HIGHLY BULLISH MONTHLY CANDLE OF JAN MONTH  IF CLOSES ABOVE THE DEC HIGH OF 5100, THEN A BREACH OF MAJOR RESISTANCE LINE AROUND 5270 TO 5300 ZONE SHOULD NOT BE A PROBLEM FOR NIFTY DURING THE FEBRUARY MONTH AFTER AN EXPECTED PAUSE.

ALTHOUGH THE INDICATORS IN THE DAILY CHART LOOK OVERBOUGHT, YET THESE MAY CONTINUE TO LOOK OVERBOUGHT FOR MONTHS TOGETHER AS WAS IN 2003. A COUPLE PF DAYS OF PAUSE OR MILD CORRECTION WILL GIVE THE REQUIRED REST TO THE OVER RUN DAILY INDICATOR-HORSES  TO MOVE UP AGAIN AS THE SAME INDICATORS IN THE WEEKLY & MONTHLY CHARTS ARE GENERATING STRONG BUY SIGNALS. FROM  2010 DIWALI TOP OF 6338 TILL 20 DEC 2011 BOTTOM OF 4530 NIFTY HAS FALLEN BY 1808 POINTS AND THE FRIDAYS RISE TILL 5217 HAS ALMOST REACHED THE FIBO 38.2 % RETRACEMENT LEVEL OF 5222. WELL IF NIFTY HAS TO CONTINUE WITH THE PRESENT ON GOING BULL RUN THEN IT HAS TO FIRST CROSS THE INITIAL FIBO 38.2% HURDLE OF 5222 IN ORDER TO EYE FOR THE NEXT  FIBO 50% LEVEL OF 5434 TO CONFIRM THE BULL RUN TOWARDS NEW LIFE TIME HIGHS.

SO, ONE SHOULD NOT BE SURPRISED TO SEE OPERATORS BOTH EXTERNAL & INTERNAL PLAYING MERRY HELL WITH THE MARKETS SHORTLY TO PULL IT DOWN AS FAR AS POSSIBLE TO FLUSH OUT WEAKER HANDS  TO FACILITATE THEIR OWN  LONG ENTRY FROM LOWER LEVELS. TO THIS EXTENT ONE SHOULD NOT BE SURPRISED TO SEE SUITABLE PLOT BEING GENERATED BY EXTERNAL FORCES ALONG WITH FRAUDULENT DOWN GRADING OF SOME INDEX HEAVIES TO PULL THE MARKETS DOWN. EVEN THE LAST RESORT OF PULLING DOWN DOW & ITS FUTURES DURING ASIAN TRADING HOURS  IN AN ATTEMPT TO PULL THE MARKETS DOWN CAN BE NOTICED AT REGULAR INTERVALS TO FLUSH OUT WEAKER HANDS. IN ANY CASE AS LONG AS SPOT NIFTY CONTINUES TO TRADE & SUSTAIN ABOVE THE  CRITICAL 200 DAY EMA AROUND 5100 LEVELS, THERE SHOULD BE NO TENSION IN THE MINDS OF THE BULLS AND EVERY DECLINE TOWARDS IT OFFERS GREAT BUYING OPPORTUNITY.

WITHOUT DECISIVELY BREACHING THE 200 DAY SMA AROUND 5205 AND MORE IMPORTANTLY FAILING TO SUSTAIN ABOVE THE FIBO 38.2% LEVEL OF 5222 FOLLOWED BY A SLIDE TO DECISIVELY CLOSE BELOW THE  200 DAY EMA AROUND 5100  MAY THREATEN THE BULLS TO THINK THAT  THE JAN MONTH RISE FROM THE LOWS OF 4530  WAS PERHAPS A DEAD CAT BOUNCE & THE DECEPTIVE UP MOVE HAD GENERATED ENOUGH WRONG NOTIONS  IN THE MINDS OF MOST OF THE PARTICIPANTS THAT BULL RUN HAD RESUMED.  WELL, IN CASE OF THIS EVENTUALITY, ONE CAN BE CERTAIN OF SEEING NEW LOWS BELOW THE LAST DECEMBER LOWS OF 4531. FAILURE TO CROSS AND SUSTAIN ABOVE THE 200 DAY SMA AROUND 5205 WILL ALLOW THE CROSS OVERS  OF 20,34  & 50 DMA BETWEEN THE NIFTY ZONES OF 4800 TO 4900 WILL ACT AS MAGNETS TO ATTRACT NIFTY TOWARDS IT TO PROVIDE SOME DELAY BEFORE PUSHING IT DOWN TOWARDS THE NEW LOWS BELOW 4531.

SO, FOR THE COMING DAYS THE CRITICAL LEVELS ON THE HIGHER SIDE FOR NIFTY TO DECISIVELY BREACH TO CONTINUE WITH THE BULL RUN ARE 200 DAY SMA AROUND 5205, FIBO 38.2% AT 5222, MAJOR RESISTANCE LINE AROUND 5272  TOWARDS 5300. THE CRITICAL SUPPORT LEVELS, DECISIVE  BREACH OF WHICH MAY GRADUALLY WEAKEN THE BULLS AND STRENGTHEN THE BEARS ARE THE SUPPORT LINE AROUND 5160,200 DAY EMA AROUND 5115 & THE FIBO 144 DAY SMA AROUND 5060. AS OF NOW THE THINGS ARE DEFINITELY LOOKING BULLISH FOR INDIAN MARKETS AND A FEW DAYS OF EXTERNALLY INDUCED PAUSE OR MILD CORRECTIONS ARE IDEAL OPPORTUNITY TO BUY FOR LONG TERM AS LONG AS SPOT NIFTY SUSTAINS ABOVE 5100. THE LAST TRADING DAYS OF JAN MONTH AS WELL AS EARLY DAYS OF FEB  MAY SEE A PAUSE TO THE MEGA BULLISH MOMENTUM THAT THE MARKETS HAVE SEEN RIGHT FROM THE START OF THIS NEW YEAR .

YOUR ENERGY LEVEL DETERMINES YOUR LUCK

2012-01-25T22:40:00.000+05:30

Many people think that luck is something that is purely random, unpredictable and difficult to control. That is because they do not know what luck really is. When you are able to know the true definition of luck, you can learn the whole science behind this phenomena and gain control over it.

Luck is another aspect of your reality and perhaps the most powerful and important one. The more conscious and aware you become of the elements of your reality, the more of a conscious and powerful creator you will be.

Your luck is your psychokinetic resonance with the environment you are in. Like everything else, luck is an energy. It is something that is quantifiable not in physical but in nonphysical ways. You can quantify it physically only in terms of its physical manifestations in your life. Luck is dependent on time, place and consciousness.

When you are lucky, you are in mental and emotional resonance with your surroundings.

When you are unlucky, it is the opposite. The level of resonance is the level of your luck.

Luck is also a feeling or emotion because emotion is energy in motion. When you are lucky, you are also feeling lucky. Your feeling is your vibration and therefore you are vibrating luck and feeing it. You feel and experience that everything is working for you when you are lucky.

You feel that everything is working against you when you aren't lucky. A state of vibrational harmony or disharmony with your environment is the whole explanation for this. You either feel that things are in a flow or things are disrupted.

Your energy level determines your luck vibration. At times when you are feeling low of energy, that is also when your luck vibration is at a low point. You are more likely to make careless mistakes, become more accident prone and flop up in some way. When you are feeling high of energy, that is also when your luck vibration is in a high state. You are sharper, clearer and more in the zone. You seem to be able to do amazing things in ways that baffle others to the point that makes you seem very skillful or lucky.

Actually luck and skill are one. The more in energetic resonance you are with your environment, the more your skill will work and the luckier you'll seem. You can always observe that when the best are in action, they always seem to have both their skill and the situation working for them. You can never separate luck from skill because after all, they are both part of the same thing called psychokinetic resonance with the environment. Your skill is your capability of handling the situation which depends on luck.

Once you know that luck is an energy, you can depend on it in that manner. You cannot depend on luck that is considered to be random chance occurrence. You can't depend on such things because they do not exist. A non existent thing cannot be depended upon. Everything that exists is a part of consciousness and can be controlled by consciousness. Therefore luck exist and is fully under your control. Knowing this, you never have to fear of bad luck because you can make all things work in your favor.

Since luck is dependent on energy, you have to pay attention to your level of energy in every moment and take charge of it. When you notice that your energy level is low, be more careful with the things you do especially if they are important. You may make mistakes that usually never happen, and wonder how could you be so unlucky or stupid.

You may realize that every time you have made careless or stupid mistakes that seem to be like bad luck, it was when your energy level was indeed at a low point.

Lack of focus and lack of being adequately present minded also creates bad luck. Do you notice that when you make stupid mistakes in situations, you felt that you were not ready? What do you mean by not being ready? You mean that you weren't focusing properly or fully enough, and you weren't being adequately present minded. The first step to controlling luck is to be present minded. If you want to be lucky, you must put your focus in the activity you are doing. Or else you'd create bad luck and mistakes.

Your level of focus and placing your mind in the present determines your psychokinetic resonance with the environment. Focusing is how you channel energy towards a particular time and place. When your focus is here, your energy is channeled here and you experience luck here. Where you focus is where you generate luck in. That is why the secret of success is focus. Successful people are lucky people because they have more focus than the unsuccessful and unlucky ones. Focus to be a lucky one.

Seek to maintain a high level of energy or vibration at all times. People who experience their luck going up and down throughout the day allow their energy to go up and down. People who experience their luck being consistently high all the time maintain their energy and vibration at a high level. At times when your energy is low, seek to increase it to a higher level again. Do not continue doing any work at a low level of energy because you will tend to make mistakes. Recharge your energy first, then work.

Be aware of negative thoughts and feelings that will bring your level of energy or vibration lower. Positive thoughts and feelings bring your energy level and vibrations higher. Therefore choose to think positive thoughts and feel positive emotions, and you will experience more luck and success in your life. You can also increase your luck when you are more intent of succeeding in a certain situation. Your energy of intent will energize you with the luck you need, and that is why willful intent bends the world to you.

MARKET OUTLOOK ( 25 / 01/ 2012)

2012-01-24T23:31:00.001+05:30

RBI’S  SURPRISE ANNOUNCEMENT OF 50 BASIS POINT CUT IN THE CRR BROUGHT GREAT CHEERS FOR THE MARKETS THAT SAW THE INITIAL BOUT OF SHORT COVERING TO PROPEL NIFTY  ABOVE THE 5100 MARK & AS NIFTY SUSTAINED ABOVE THE PREVIOUS SWING HIGH OF 5100 , FURTHER BUYING CAME IN TO PROPEL NIFTY TOWARDS THE 200 DAY EMA AROUND 5140 TO FINALLY CLOSE THE DAY AROUND SPOT 5127 STILL MUCH ABOVE THE 7^TH DECEMBER SWING HIGH OF 5099. WITH EXPIRY FALLING ON WEDNESDAY, THE HIGH CLOSING OF NIFTY ON TUESDAY SUGGESTS THAT ANOTHER UPWARD PUSH MAY BE GIVEN TO NIFTY TO HAVE THE EXPIRY CLOSING AROUND 5150 OR EVEN 5200 BEFORE THE BULLS HAND IT OVER TO THE BEARS,  FOR THE BEARS  TO AT LEAST HAVE SOME SATISFACTION  TOWARDS THE MONTH END AFTER HAVING BEEN BATTERED  ALL THE WAY FOR THE ENTIRE MONTH OF JANUARY.

LIKE THE EARLIER EXPIRY DAYS, THIS TIME EXPIRY ALSO MAY NOT ADHERE TO THE TECHNICALS AND MAY CLOSE AT THE PRE DETERMINED LEVELS OF BIG MARKET PLAYERS. HOWEVER A RISE ABOVE 5150 TOWARDS 5200 SPOT LEVELS MAY ENCOURAGE TRADERS TO SHORT FEBRUARY FUTURES OR BUY FEBRUARY 5100 PUTS TO TRY THEIR LUCK DURING THE LIKELY BEARISHNESS THAT MAY BE SEEN DURING THE ENDING 2 TO 3 TRADING DAYS OF JANUARY AND FIRST WEEK OF FEBRUARY. HOWEVER TRADERS & INVESTORS MUST KEEP IN MIND THAT  NIFTY IN CASE SUSTAINS ABOVE 5100 OR MORE IMPORTANTLY ABOVE 5050 THEN  THIS  MAY POSSIBLY SPELL THE END TO THE LINGERING TERM ‘THE DEAD CAT BOUNCE’ & WILL BE REPLACED BY THE TERM AS ‘FRESH BULL RUN’ & THE MOST FEARED BUDGET MONTH MAY SEE NIFTY CROSSING THE MAJOR RESISTANCE LINE AROUND 5313 TO EYE FOR THE CRITICAL 50% RETRACEMENT LEVEL OF 5434 TO CONFIRM THAT THE MARKETS ARE IN FOR A ROARING BULL MARKETS TOWARDS MUCH HIGHER LEVELS.

FOR THE INTRADAY TRADING PURPOSE ON THE EXPIRY DAY, SPOT NIFTY FINDS INITIAL SUPPORT AROUND 5118 TO 5105 . INABILITY OF THE BULLS TO HOLD THE SUPPORT AROUND SPOT 5105 MAY SEE NIFTY SLIDING FURTHER TOWARDS THE SUPPORT LINE AROUND 5080 WHICH SHOULD BE PROTECTED BY THE BULLS  AT ANY COST FAILING WHICH A TUNNEL MAY BE DRILLED BY THE BULLS THEMSELVES AROUND SPOT 5080 TO CRAWL THROUGH IT TOWARDS 5050 & THE TUNNEL MAY THEN  BE FURTHER EXTENDED BY THE BEARS TOWARDS 5000 SPOT LEVELS BY END OF JANUARY MONTH TO AT LEAST SATISFY THE BEARS THAT THEY COULD PUSH THE BULLS DOWN BY 150 POINTS FROM 5150 TO 5000 LEVELS, SO WHAT IF THE BEARS  HAD TO BE KICKED  ALL AROUND RIGHT FROM THE FIRST TRADING DAY OF 2^ND JANUARY LOW OF 4588 TILL 24^TH- 25^TH JAN HIGH OF 5140 OR 5150.

SIMILARLY ON THE HIGHER SIDE, IF A RENEWED OFFENSIVE BY THE BULLS  CAN TAKE NIFTY ABOVE THE 5130 TO 5140 ZONE, THEN BULLS MAY JUST SIT TIGHT AFTER THAT AS BEARS THEM SELVES WILL TAKE NIFTY TOWARDS 5200  BY THE MERE STRENGTH OF THEIR GLORIOUS SHORT COVERING. THE BULLS MUST KEEP IN MIND THAT THEY HAVE TO TAKE NIFTY ABOVE THE CRITICAL LEVEL OF 5140 TO 5142 WHICH WERE THE TWIN LOWS OF 11^TH & 14^TH NOVEMBER THAT HAD SEEN THE BULLS GETTING BUTCHERED  FOR NEXT SEVEN TRADING DAYS TO REACH A LOW OF 4640 ON 23^RD NOV 2011. SO A FAILURE TO MOVE UP AND SUSTAIN ABOVE THE CRITICAL ZONE OF 5140 TO 5150 MAY SEE A REPEAT OF SIMILAR BUTCHERING OF THE BULLS AT THE HANDS OF THE BEARS DURING THE FAG END OF JANUARY & EARLY FEBRUARY.

MARKET OUTLOOK ( 24 / 01 / 2012 )

2012-01-23T22:14:00.002+05:30

TUESDAY BEING THE CRITICAL DAY OF RBI ANNOUNCEMENTS, ONE MAY EXPECT A HIGHLY RANGE BOUND MARKET TILL AROUND 5 MINUTES SHORT OF THE ANNOUNCEMENT. JUST SHORT OF 5 MINUTES OF THE ANNOUNCEMENT ONE MAY SEE HIGH VOLATILITY THAT WILL TRIGGER MOST OF THE STOP LOSSES AT WHATEVER DISTANCE THESE ARE PLACED. THE IDEAL TRADE FOR TUESDAY MAY BE NO TRADE TILL THE ANNOUNCEMENT IS MADE & IN CASE ONE FEELS ITCHY TO TRADE THAN IT IS WISER TO HAVE BOTH A JANUARY CALL OF NIFTY 5000 AND ALSO A PUT OF NIFTY 5100 WITH A BIAS TILTED TOWARDS MORE CALLS THAN PUTS OR ONE MAY HAVE 1 CALL & 1 PUT TILL THE VOLATILITY STARTS AND ADD 1 MORE CALL ON INTRADAY MARKET FALLS BEFORE THE ANNOUNCEMENT  TO SIT WITH 2 CALLS TO 1 PUT FOR THE FINAL ANNOUNCEMENT.

MOST LIKELY 25 BASIS POINT CRR CUT MAY BE THERE. ALTHOUGH IT IS ON EXPECTED LINES, STILL MARKETS WILL SHOOT UP AFTER THIS EXPECTED ANNOUNCEMENT. IF REPO RATE  CUT ALSO IS ANNOUNCED THAN ONE CAN SEE NIFTY SHOOTING UP LIKE A BALLISTIC  MISSILE WITHOUT  LETTING ANYONE KNOW THE HEIGHT NIFTY MAY REACH. A STATUS QUO WITH THE AS USUAL CONFUSING & POSITION SAVING STATEMENT BY THE RBI MAY SEE NIFTY FALLING LIKE A DEAD STONE STRAIGHT  TOWARDS 4900 LEVELS WITH OUT LETTING BOTH THE BULLS AND THE BEARS REALIZE AS TO WHAT THE HELL HAS  HAPPENED TO INDIAN MARKETS. IN CASE OF NO RATE CUT  BOTH IN REPO RATE & CRR  THEN ONE MAY QUICKLY QUIT CALLS AND ADD DOUBLE THE AMOUNT OF PUTS. IN CASE THE ANNOUNCEMENTS ARE MARKET FRIENDLY WITH BOTH  REPO & CRR CUT, THEN ONE MAY ADD CALLS & QUIT THE PUTS IMMEDIATELY. BE CAUTIOUS AS EXTERNAL OPERATORS & MARKET MANIPULATORS WILL BE WAITING WITH THEIR CROCODILE MOUTH OPEN  TO SHORT THE MARKETS OUT OF SHAPE &  REAP THE BULLS APART WHATEVER THE ANNOUNCEMENT MAY BE , WHETHER  MARKET FRIENDLY OR UNFRIENDLY.

ALTHOUGH INTRADAY NEAR SUPPORTS AND NEAR RESISTANCES HAVE NO MEANING FOR TUESDAY, YET NIFTY FUTURE FINDS INITIAL SUPPORT AROUND 5044 BELOW WHICH NIFTY FUTURE MAY FALL BY ANOTHER 20 TO 25 POINTS TOWARDS 5020 LEVELS ENTIRELY SKIPPING MONDAYS LOWS OF 5034. A FURTHER SLIDE BELOW 5020 WILL RENDER NIFTY FURTHER WEAK TO TRAVEL TOWARDS FRIDAYS LOWS OF 5005 OR EVEN TOWARDS 4990. ON THE HIGHER SIDE A DECISIVE BREACH OF THE 5055 TO 5065 ZONE MAY SEE  EARLY BOUT OF SHORT COVERING TO PROPEL NIFTY FUTURES  TOWARDS 5095 OR EVEN 5100 LEVELS AS IT WILL TRIGGER THE BREACH OF THE RECTANGULAR FLAT CHANNEL FORMED BY THE TIGHT RANGE BOUND MOVEMENT OF NIFTY FUTURES ON  FRIDAY & MONDAY. SO BE BOLD IN ADDING LONGS IN CASE OF A SURPRISE MARKET FRIENDLY RATE CUT  IS ANNOUNCED BY THE RBI GOVERNOR & BE RUTHLESS IN SHORTING THE MARKETS OUT OF SHAPE IN CASE OF  AN AS USUAL  NO RATE CUT & STATUS QUO IS  MAINTAINED BY THE RBI.

MARKET OUTLOOK ( 23 / 01 / 2012 )

2012-01-22T15:24:00.000+05:30

NIFTY AS PER PREDICTIONS CLOSED THE WEEK ON A TRIUMPHANT NOTE & MADE IT THE THIRD CONSECUTIVE WEEKLY RISE.  WITH THIS WEEK’S CLOSING AT 5048,  NIFTY HAD A RISE OF MORE THAN 3.7% COMPARED TO LAST WEEK’S CLOSING OF 4866. THIS TYPE OF RISE ALSO IS  ACHIEVING THE AIM OF  GRADUALLY FADING AWAY OF THE CONCEPT OF DEAD CAT BOUNCE AND ONCE SPOT NIFTY CLOSES  ABOVE THE PREVIOUS SWING HIGH OF 5100, ALMOST 50% OF THE CONCEPT OF DEAD CAT BOUNCE WILL FADE AWAY AND FURTHER RISE TO CLOSE ABOVE THE MAJOR RESISTANCE LINE AROUND 5300   WILL ALMOST MAKE SURE THAT THE PRESENT UP MOVE WAS NOT A  DEAD CAT BOUNCE AND A CLOSE ABOVE THE 50% RETRACEMENT LEVEL OF 5434 WILL CONFIRM THAT THE 20 DECEMBER 2011 LOW OF 4531 WAS THE BEAR MARKET LOWS AND THE  RISE FROM THE LOWS OF 4531 IS A FRESH BULL MARKET UP MOVE THAT MAY EVEN BREACH THE  NOV 2010 DIWALI HIGH OF 6338 BY HUGE MARGIN AS PART OF A ROARING BULL MARKET TOWARDS 8000+ NIFTY LEVELS BY END OF 2013.

WELL, NIFTY ON FRIDAY MADE A HIGH OF 5064  & HAS JUST MANAGED TO REACH VERY NEAR TO THE CRITICAL 61.8% FIBO LEVELS OF 5068 COUNTED FROM 2011 NOV  DIWALI HIGH OF 5400 TILL 20 DECEMBER LOW OF 4531. THE PREVIOUS MILD SWING HIGH ALSO STANDS LIKE CHINA WALL NEAR 5100 LEVELS FROM   WHERE NIFTY FELL  TO THE NEW LOW OF 4531. SO, ONE HAS TO AGAIN WATCH THE RBI ANNOUNCEMENT ON 24^TH JAN AT  SIMILAR LEVELS OF NIFTY AROUND 5100  WHETHER TO PULL NIFTY ABOVE THE LEVEL OF 5100 FROM WHERE IT HAD PULLED IT DOWN FROM 7^TH DECEMBER. ALSO AROUND THE CRITICAL LEVEL OF 5100 REMAINS THE CONFLUENCE OF VARIOUS RESISTANCES WITH THE PRESENT UP CHANNEL HIGH AROUND 5088 TO 5100 AS WELL AS THE 200 DAY EMA CAMPING AROUND 5035 AS CAN BE SEEN IN THE DAILY CHART ABOVE.

THE RESISTANCE LINE COMING FROM 26^TH JULY HIGHS OF 5702 THROUGH 4^TH NOV 2011 DIWALI HIGH OF 5400 ALSO MEETS NIFTY AROUND 5105 TO 5115. SO, THERE IS A NEED  FOR A SOLID MARKET FRIENDLY ANNOUNCEMENT FROM RBI ON 24^TH JAN TO  SEE NIFTY BREACHING ALL THESE CONFLUENCE OF RESISTANCES BETWEEN 5085 TILL 5135  TO  SIGNAL FRESH MOMENTUM FOR INDIAN MARKETS OR ELSE ON MAY BE ABSOLUTELY SURE TO SEE NIFTY  SLIDING AGAIN FROM AROUND THE 20  DECEMBER HIGHS OF 5100 AFTER MAKING A DEVASTATING DOUBLE HEAD THERE, FOR THE MORE DEVASTATING LEG OF THE DOWN SWING AFTER MAKING THE 3, 3, 5  FLAT WITH HIGHS AROUND 5100 &  2B LOWS AROUND 4720 & 4531. SO, NOT WITHSTANDING THE BULLISH OUTLOOK PRESENTED IN PARA 1 ABOVE, NIFTY LOOKS HIGHLY VULNERABLE AROUND THE LEVEL OF 5100  &  MAY  RESUME THE DOWN SWING FROM AROUND THIS FRIDAY 20 JAN HIGHS OF 5064  TILL  5135 LEVELS POSSIBLY AFTER THE RBI ANNOUNCEMENTS OR AFTER THE EXPIRY ON 25^TH JAN, IF THIS TIME RBI ANNOUNCEMENTS ARE AS DEPRESSING AS ALL THE EARLIER CASES .

AS REGARDS MOST OF THE ASIAN & REST OF THE WORLD MARKETS ARE CONCERNED, MOST OF THESE ARE LOOKING HIGHLY BULLISH AS PER THEIR WEEKLY & MONTHLY CHARTS. WELL, IF THESE MARKETS SHOW CONTINUATION  OF THE UP MOVE, THEN INDIAN MARKETS MOST LIKELY WILL INCH UP HIGHER & IT WILL AGAIN BE THE RBI ANNOUNCEMENT ONLY, WHICH HAS DEPRESSED INDIAN MARKETS & IN ALMOST ALL CASES HAS TRIGGERED THE DOWN SWINGS, AGAIN  WILL PLAY ITS DEPRESSING ROLE TO RUIN INDIAN MARKETS  TO PERMANENTLY ASSIGN INDIAN MARKETS AS THE WORST PERFORMING MARKET IN THE WORLD. WELL, IF REST OF THE WORLD MARKETS START THEIR PAUSE OR DOWN SWING THEN RBI BY A SURPRISE MARKET FRIENDLY & FAVORABLE ANNOUNCEMENT MAY BECOME THE TEMPORARY SAVIOR OF INDIAN MARKETS AGAINST THE ADVERSE INFLUENCE OF REST OF THE WORLD MARKETS.

TECHNICALLY SPEAKING, SOME OF THE  INDICATORS IN THE DAILY CHARTS ALTHOUGH LOOK OVER BOUGHT, YET THESE HAVE NOT YET DELIVERED SELL SIGNALS. SOME CRITICAL DAILY INDICATORS LIKE MACD  HAVE GENERATED STRONG BUY SIGNALS AGAINST THE DECEPTIVE OVERBOUGHT  SIGNALS FROM DAILY STOCH & RSI.  CONTRARY TO THE MIXED SIGNALS FROM THE DAILY INDICATORS,  THE WEEKLY INDICATORS HAVE GENERATED ROBUST BUY SIGNALS THIS WEEK.  NIFTY’S WEEKLY CLOSING AT 5048 ABOVE THE 20 WEEK MOVING AVERAGE AROUND 4950 IS THE INITIAL SIGNAL FOR BULLISHNESS AFTER NIFTY DECISIVELY CROSSED & CLOSED ABOVE BOTH THE 20 & 50 DMAS AROUND 4825  LAST WEEK. EVEN MONTHLY INDICATORS SO FAR HAVE STARTED TO GENERATE PAUSE SIGNALS TO THE DOWN SWING AFTER 13 MONTHS OF FALLS  AFTER 2010 DEWALI HIGH OF 6338. A  GOOD CLOSE BY END JANUARY WILL STRENGTHEN THE INITIAL TURN AROUND SIGNALS OF THE MONTHLY INDICATORS.

SO, THE COMING TRUNCATED WEEK WITH HOLIDAY ON THURSDAY & EXPIRY ON WEDNESDAY & BALANCE OF SIX TRADING DAYS OF JANUARY MONTH WILL DECIDE THE FATE OF INDIAN MARKETS TO DEPICT WHETHER THE PRESENT UP MOVE FROM 20 DEC LOW OF 4531 WAS A DEAD CAT BOUNCE TO FIZZLE OUT BEFORE CONQUERING THE CRITICAL 50 POINT ZONE BETWEEN 5085 TO 5135 OR THE  PRESENT UP MOVE WAS  PART OF A MUCH BIGGER BULLISH UP MOVE TOWARDS NEW LIFE TIME HIGHS. WELL, THE PRESENT UP MOVE IN INDIAN  & REST OF THE WORLD MARKETS PURELY ON TECHNICALLS LOOK FOR MUCH HIGHER LEVELS WITH INTERMITTENT PAUSES & RETRACEMENTS . EVEN  ALL THE ODDS OF INTERNAL ECONOMIC STRUGGLE COUPLED WITH PLANTED STORY ON EUROPEAN CRISES RAISING ITS HEAD AT REGULAR INTERVALS TO REGULATE THE WORD MARKETS MAY NOT PLAY ANY BIG ROLE IN PREVENTING THE POSSIBILITY OF GRADUAL UP MOVE IN INDIAN & REST OF THE WORLD MARKETS TOWARDS MUCH HIGHER LEVELS.

MOST LIKELY INDIAN MARKETS WILL TAKE A PAUSE AFTER THE INITIAL RISE ON MONDAY  & RBI’S LIKELY LOWERING OF 25 BASIS POINT IS ALREADY IN THE PRICE. WITH CONFLUENCE OF RESISTANCES BETWEEN THE 50 POINT CRITICAL ZONE OF 5085 TO 5135  CAN ONLY BE BREACHED DECISIVELY BY THE RBI MEGA PUSH WHICH AS OF NOW LOOKS NOTHING MORE THAN  A 25 BASIS POINT CUT. WELL, IF NIFTY MANAGES TO SHOOT PAST THIS CRITICAL ZONE OF 5085 TO 5135 TO CLOSE ABOVE THIS ZONE  ANY TIME DURING THIS MONTH OR NEXT MONTH, THEN ONE MAY  JUMP INTO BUYING MODE FOR MUCH HIGHER LEVELS. HOWEVER WITHOUT CLOSING ABOVE THE 200 DAY EMA AROUND 5135 LEVELS IF NIFTY FALLS & CLOSES BELOW THE LIKELY JUNCTION POINT OF  20 & 50 DMAS AROUND 4825 THEN ONE MAY FORGET ANY FURTHER UP MOVE AND THERE COULD BE THE CERTAIN RESUMPTION OF THE DOWN SWING TOWARDS NEW LOWS BELOW  20 DECEMBER LOWS OF 4531. NIFTY AS CAN BE SEEN IN THE CHART ABOVE  HAS ALREADY MADE FOUR GAPS  AND THE  5^TH  GAP IF COMES  ON MONDAY MAY BE AN EXHAUSTION GAP FOR A PAUSE TO EITHER FALL BADLY AFTER THE RBI ANNOUNCEMENT ON TUESDAY OR  IT WILL BE ANOTHER ROARING UP MOVE TOWARDS 5200 NIFTY LEVELS BY END JANUARY.

MARKET OUTLOOK ( 19 /01 / 2012 )

2012-01-19T09:29:00.000+05:30

NIFTY AS EXPECTED TOOK A PAUSE ON WEDNESDAY AFTER THE DECISIVE BREAK OUT OF THE FOUR DAYS OF CONSOLIDATION. THE PAUSE WAS SO MEAGER THAT THE CANDLE FORMED ON WEDNESDAYS WAS A 7^TH NRB CANDLE, THAT TOO IT ALSO FORMED AN INSIDE BAR TO THE BREAK OUT CANDLE OF TUESDAY. HENCE TUESDAYS MOTHER CANDLE HIGH AROUND NIFTY FUTURE LEVEL OF 4988 AND LOW AROUND THE FUTURE LEVEL OF 4912 WILL PLAY A MAJOR ROLE IN DECIDING THE CONTINUANCE OF THE UP MOVE OR ABRUPT END TO THE DEAD CAT BOUNCE FROM THE PRESENT LEVELS, ENTIRELY IGNORING THE DRAGON REVERSAL SHOWN BY NIFTY FROM THE DRAGON LEGS BOTTOMS OF 4538 & 4592 FUTURE LEVELS AND THE DECISIVE BREACH OF THE DRAGON HUMP AT 4808 LEVELS.

HOWEVER, IN CASE NIFTY FUTURE MANAGES TO BREAK OUT OF THE 4988 HIGHS AND SUSTAINS ABOVE IT EVEN AFTER A DAY OR TWO OF MORE PAUSE, THEN THE DRAGON REVERSAL COULD TAKE MONSTROUS EFFECT THAT MAY MAKE EVERYONE FORGET THE DEAD CAT BOUNCE FOR SOME MEGA UP MOVE TOWARDS EVEN 5400 LEVELS AFTER DECISIVE BREACH OF THE 5134 FUTURE LEVELS AS CAN BE SEEN IN THE DAILY CHART ABOVE. THE BREAK OUT OF THE NECK LINE OF THE INVERTED HEAD & SOLDER ALSO WILL WORK SIMULTANEOUSLY TO PROPEL NIFTY FUTURES TOWARDS THE INITIAL TARGET OF 5134 TO 5151 TO MEET THE 200 DAY EMA THERE TO DECIDE FURTHER COURSE OF ACTION FROM THERE TO ENCOUNTER THE RAPIDLY DOWN SLOPPING MAJOR RESISTANCE LINE AROUND 5252 SPOT NIFTY LEVELS.

THE TURNING UP OF WEEKLY INDICATORS FROM THE OVERSOLD ZONES ARE JUST THE INITIAL INDICATIONS FOR SOME BIGGER UP MOVE IN STORE FOR NIFTY AND THE DAILY INDICATORS CONTINUING TO GENERATE BUY SIGNALS ENCOURAGE TRADERS TO BUY THE INTRADAY DECLINES FOR VERY GOOD GAINS AS LONG AS SPOT NIFTY MANAGES TO STAY ABOVE 4800 ON A CLOSING BASIS. IMPORTANT INDICATOR MACD AS CAN BE SEEN IN THE DAILY CHART ABOVE HAS JUST CROSSED THE NEUTRAL LINE & WITH THE HISTOGRAM GAINING STRENGTH DAY BY DAY THERE ARE HIDDEN INDICATIONS OF MONSTROUS UP MOVE IN STORE FOR INDIAN MARKETS LEADING TO THE BUDGET. INDEX HEAVY RELIANCE HAS JUST DELIVERED THE INITIAL SPARK FOR THE BULLS TO WAKE UP AND BASH ON REGARDLESS TOWARDS 5252 NIFTY LEVELS BY THE BUDGET EVEN THOUGH RELIANCE ENJOYS THE NOTORIOUS REPUTATION OF STABBING AT THE BACK WHEN THE ACTUAL NEED COMES FOR NIFTY TO MOVE UP.

FOR THURSDAYS TRADING, THE OPENING MAY BE IN LINE WITH REST OF THE ASIAN MARKETS WHICH AFTER A PAUSE ON WEDNESDAY MAY SHOW A REASONABLE BOUNCE, BUT THESE MAY LACK SYNCHRONIZATION AMONG THEMSELVES UNLIKE THE EURO-US-AUSSIE MARKETS. IRRESPECTIVE OF THE NON-SYNCHRONIZED ASIAN LOTS, INDIAN MARKETS MAY DRAW ITS OWN COURSE OF ACTION & WITH FAVORABLE NEWS BEING RAINED IN BY THE REJUVENATED FINANCIAL CHANNELS, ONE SHOULD NOT BE SURPRISED TO SEE NIFTY FUTURES SHOOTING PAST THE PSYCHOLOGICAL 5000 MARK, TO EYE FOR MUCH HIGHER LEVELS WITH RHYTHMIC BOUTS OF INTRADAY CORRECTIONS TO FLUSH OUT WEAKER HANDS.

FOR INTRADAY TRADING PURPOSE, NIFTY FUTURES MAY FIND SUPPORT AROUND 4933 TO 4929 BELOW WHICH INTRADAY TRADERS MAY RESORT TO RUTHLESS SHORTING WITHOUT LOOKING LEFT AND RIGHT TO SEE NIFTY FUTURES NOT ONLY ENTERING THE TUESDAYS OPENING GAP LOW OF 4917 BUT ALSO COMPLETE THE GAP TILL 4898 TO 4888. HOWEVER IN CASE THE NEWS IN THE MORNING IS NOT DISAPPOINTING AND TURNS OUT TO BE FAVORABLE THEN NIFTY FUTURES MAY SHOOT UP TOWARDS 4969 TO 4972, SUSTAINING ABOVE WHICH MAY SEE THE EMERGENCE OF REPEATED BOUTS OF SHORT COVERING BY WEAKER SHORTERS TO PROPEL NIFTY FUTURES TOWARDS 4988 FOLLOWED BY 5000 PSYCHOLOGICAL LEVELS .

SUSTAINING ABOVE THE SPOT OR 5000 FUTURES LEVELS MAY SEE THE FINAL BOUT OF SHORT COVERING BY THE BEARS WHO MAY TEMPORARILY FORGET THAT ALL THAT WAS HAPPENING SINCE THE FIRST TRADING DAY OF THIS YEARS LOWS OF 4531 TILL 5000 LEVELS IS JUST NOT THE SO CALLED DEAD CAT BOUNCE BUT THE INITIAL PART OF A MEGA BULLISH UP MOVE. FAILURE TO CROSS 4988 OR EVEN 5000 LEVELS MAY ENCOURAGE INTRADAY TRADERS TO INDULGE IN MASS SHORTING WITH A REASONABLE STOP LOSS ABOVE IT. THE PRESENT CHART PATTERNS OF DAILY AND WEEKLY CHARTS TOGETHER WITH THE PRICE ACTION AND THE ENCOURAGING WEEKLY INDICATORS TURNING AROUND FROM OVERSOLD LEVELS SUGGEST THAT THE PRESENT BULL RUN IS VERY MUCH INTACT AND WILL CONTINUE FOR MANY MORE DAYS WITH BITS & PIECES OF PAUSE AND RETRACEMENT TO ENCOURAGE ENTERING LONGS ONLY.

MARKET OUTLOOK ( 18 / 01 / 2012 )

2012-01-18T09:06:00.001+05:30

NIFTY CONTINUED TO SURGE AHEAD TOWARDS THE LOGICAL TARGET OF 5000 SPOT LEVELS & THE EASE WITH WHICH IT REACHED THE DAY HIGH OF 4975 TO CLOSE NEAR THE HIGH IS A CLEAR INDICATION FOR TESTING THE LOGICAL TARGET OF SPOT 5000+ LEVELS THIS WEEK ITSELF, ALTHOUGH CONTINUOUS NEGATIVE DIVERGENCES IN THE INTRADAY CHARTS OF HOURLY AND BELOW THREATEN THE BULLS TO GRADUALLY START POCKETING WHATEVER PROFIT POSSIBLE ON THE NEXT RISE TOWARDS 5000 SPOT LEVELS TO WAIT FOR A PAUSE OR RETRACEMENT TO ENTER LONG AGAIN. INDIAN MARKETS WERE THE WORST PERFORMERS COMPARED TO THE REST OF WORLD MARKETS TILL END DECEMBER AND THE WAY THINGS ARE SHAPING UP FOR THE INDIAN MARKETS IT NOW LOOKS INDIAN MARKETS MAY ALTER ITSELF TO A SELF STYLED BEST PERFORMER DURING THE COMING WEEKS.

ALTHOUGH THE RELENTLESS RISE SINCE THE FIRST TRADING DAY OF THE NEW YEAR FROM 2^ND JAN LOW OF 4588 TILL 17^TH JAN HIGH OF 4975 A RISE OF NEARLY 400 POINTS, GENERATE A FEELING THAT THE MARKETS ARE HIGHLY OVERBOUGHT & POSSIBILITY OF A CORRECTION IS NOT VERY FAR OFF, YET IT IS WISER FOR PLAYERS TO REMAIN LONG AND ADD MORE LONGS ON EVERY INTRADAY DECLINE AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN ABOVE 4884 LEVELS. ONLY A DIP BELOW SPOT 4884 CAN WEAKEN NIFTY TO SIGNAL THE GRADUAL FADING AWAY OF THE 2 WEEKS OLD DEAD CAT BOUNCE. A SLIDE BELOW 4884 MAY ONLY GENERATE WEAKNESS IN THE DEAD CAT BOUNCE AND NOT TERMINATE IT, ALTHOUGH A SLIDE BELOW 4800 TO CLOSE BELOW IT WILL BE A CLEAR INDICATION THAT THE DEAD CAT BOUNCE IS OVER & ONE MUST RESORT TO THE EARLIER HABIT RUTHLESS SHORTING.

AS CAN BE SEEN IN THE HOURLY CHART ABOVE, THE BREACH OF THE NECK LINE OF THE INVERTED MULTIPLE HEAD & SOLDER HAS THE MINIMUM TARGET TILL 5012 ALTHOUGH SPOT NIFTY CAN EVEN MOVE UP TOWARDS 5055 OR 5070 LEVELS IN THE VERY NEAR TERM. THE UPWARD LOOKING YELLOW CHANNEL CONTINUES TO REMAIN INTACT AND SPOT NIFTY CONTINUES TO CLING ON TO THE UPPER CHANNEL WHICH TOO ALSO IS THE MEDIAN LINE OF THE ANDREWS PITCH FORK. THE TESTING OF THE UPPER CHANNEL WITH PRECISION TIMED INTERVAL INDICATES THE CONTINUANCE OF THE UP MOVE TILL ONE OBSERVES THAT NIFTY FALLS SHORT OF THE UPPER CHANNEL & WITHOUT TOUCHING THE UPPER CHANNEL FALLS TO TEST THE LOWER CHANNEL AROUND 4870 TOWARDS 4880 TO THREATEN THE BREACH OF THE LOWER CHANNEL TO SIGNAL THE END TO THE DEAD CAT BOUNCE.

TILL CLOSE OF TRADING ON MONDAY 16^TH JAN, NIFTY HAD MADE FOUR CONSECUTIVE DAYS OF CONSOLIDATION IN THE FORM OF DOJIS & SPIN TOP CANDLE AROUND THE PIVOT LEVEL AND A DECISIVE BREACH OF THE CONSOLIDATION HIGH OF 4900 ON TUESDAY IS A CLEAR BREAK OUT MOVE TOWARDS THE LOGICAL TARGET OF 5000 OR HIGHER LEVELS. HOWEVER THE NEGATIVE DIVERGENCE IN THE MACD AS CAN BE SEEN IN THE CHART ABOVE MAY BE A DAMPENER. ALTHOUGH DIVERGENCES DO NOT CONFIRM IMMEDIATE REVERSAL BUT IT FORETELLS THAT THE REVERSAL IS NOT VERY FAR OFF.

ANY WEAKNESS IN WORLD MARKETS, OR ANY ADVERSE NEWS MAY EXPOSE THE VULNERABILITY OF THE NEGATIVE DIVERGENCES THAT MAY PULL NIFTY DOWN TO TRAP THE LONG HOLDERS. ALONG WITH THE DIVERGENCES, A NUMBER OF DOJIS IN THE HOURLY CHARTS UNLESS NULLIFIED BY ANOTHER BREAKOUT UP MOVE, MAY POINT TOWARDS A PAUSE OR REVERSAL AND A DECISIVE BREACH OF THE 17^TH JAN 11 AM PERFECT HOURLY DOJI LOW OF 4937 MAY SPELL DANGER FOR THE BULLS AS IN THAT CASE TUESDAYS OPENING GAP LOW OF SPOT 4906 TO 4900 MAY BE THREATENED, ALTHOUGH BOTH 89 DMA & 100 DMA ENTANGLED AROUND SPOT LEVEL OF 4930 TO 4935 MAY DELAY THE SLIDE.

FOR WEDNESDAYS INTRADAY TRADING PURPOSE, THE OPENING MAY BE IN LINE WITH ASIAN MARKETS WHICH ARE LIKELY TO DANCE HAPPILY TO THE TUNE OF OVERNIGHT DOW. HOWEVER AFTER THE INITIAL MINUTES OF BREAK DANCE, INDIAN MARKETS MAY RESORT TO ITS OWN FORM OF TRADING WHICH AS OF NOW LOOKS TO BE IN THE BULLISH MODE. A DECISIVE CROSS OVER OF SPOT 4975 MAY SEE A SUDDEN JUMP TOWARDS 5000 LEVELS THAT MAY ATTRACT PROFIT BOOKING NOT ONLY FROM LONG POSITION HOLDERS BUT IT ALSO MAY ENCOURAGE THE BEARS TO START FRESH SHORTING. A FAILURE TO CROSS OR EVEN APPROACH TOWARDS 5000 MAY SEE BULLS QUIETLY DUMPING WHATEVER THEY ARE HOLDING TO ALLOW THE BEARS TO INDULGE IN PUNITIVE SHORTING. SUSTAINING ABOVE SPOT 5000 MAY SEE PROTRACTED MOVE TOWARDS 5012 OR 5025 TO 5055 BEFORE THE EXPECTED REVERSAL OR PAUSE.

SIMILARLY ON THE LOWER SIDE, IN CAE OF WEAKNESS DEVELOPING AROUND OR SHORT OF 5000 SPOT LEVELS, SPOT NIFTY MAY FIND INTRADAY SUPPORT AROUND 4955 FOLLOWED BY 4941 THAT WILL ENCOURAGE THE BEARS TO PRESS ON A BIT HARDER WITH SOME CARGO SHORTINGS TO SEE SPOT NIFTY SLIDING TOWARDS THE CRITICAL 4929 TO 4919 LEVELS THAT MAY EVEN THREATEN THE MONDAYS GAP LOW OF 4904 TO 4900 . A FAILURE ON THE PART OF THE BULLS TO PROTECT THE GAP ENTRY LEVEL AROUND SPOT 4900 MAY SEE THE BULLS PERISHING INSIDE THE GAP TO RESURFACE AT THE OTHER END OF THE GAP AROUND 4880 LEVELS TO HALT ANY FURTHER FALL IF NOT ON WEDNESDAY, IT MAY BE ON ANY OTHER DAY DURING THE WEEK. A FALL BELOW SPOT 4880 MAY SPELL THE END GAME FOR THE BULLS IN THE NEAR TERM AT LEAST TILL EXPIRY.

MARKET OUTLOOK ( 17 / 01 / 2012 )

2012-01-17T09:34:00.001+05:30

THE WAY INDIAN MARKETS DISPLAYED RESILIENCE AGAINST THE S & P DOWNGRADE OF SOME EUROPEAN COUNTRIES TO BOUNCE UP FROM THE OPENING GAP DOWN TO CLOSE NEAR THE HIGHEST POINT OF THE DAY, IS A CLEAR INDICATION THAT A LOT MORE OF UP SIDE IS STILL IN STORE FOR NIFTY AND AS LONG AS SPOT NIFTY SUSTAINS ABOVE THE CRITICAL 4800 MARK, EVERY SUCH PLOT TO PULL DOWN THE MARKETS MAY BE USED TO GO LONG, AS THE DEAD CAT BOUNCE THAT HAS STARTED SINCE THE 2^ND JAN HAMMER BOTTOM OF 4588 HAS LOT MORE OF STEAM IN IT TO MOVE UP FURTHER TOWARDS 5000 OR EVEN HIGHER LEVELS TO DECEIVE EVERYONE THAT IT IS NOT A DEAD CAT BOUNCE BUT SOME THING ELSE.

TECHNICALLY. THE INDICATORS IN THE WEEKLY CHARTS HAVE GENERATED THE INITIAL BUY INDICATIONS AFTER THE STRONG WEEKLY CLOSINGS LAST FRIDAY. THE DAILY INDICATORS TOO ARE STILL GIVING STRONG SIGNALS FOR FURTHER UP MOVE THAT SHOULD BE TAKEN ADVANTAGE OF TO BUY THE DECLINES FOR GOOD GAINS. IF ONE HAS A CLOSER LOOK AT THE HOURLY CHART OF SPOT NIFTY ABOVE, ONE WILL NOTICE THAT THE DECISIVE BREACH OF THE NECK LINE AROUND THE 10^TH JAN GAP UP LOW OF 4772 CAN EASILY TAKE SPOT NIFTY UP TOWARDS 5012 LEVELS EQUAL TO THE 240 POINTS FROM THE CENTER OF THE DOUBLE BOTTOM TO THE NECK LINE VERTICALLY ABOVE IT. FOUR DAYS OF FLAT IN THE FORM OF DOJIS AND SPIN TOP AROUND THE PIVOT, AFTER THE MEGA BLAST OFF MOVE OF 10^TH JAN, IS NOTHING BUT A SOLID CONSOLIDATION BEFORE THE BREAKOUT MOVE TOWARDS THE LOGICAL TARGET OF 5000+ LEVELS THIS MONTH.

IN THE HOURLY CHART ABOVE, SPOT NIFTY IS CONFINED WITHIN AN UPWARD CHANNEL WITH THE LOWS OF THE CHANNEL AROUND 4830 TO 4835 FROM WHERE SPOT NIFTY BOUNCED UP ON MONDAYS GAP DOWN. THIS RISING SUPPORT LINE WILL PROVIDE THE REQUISITE SUPPORT TO NIFTY ON ANY INTRADAY CORRECTION & SHOULD BE USED AS STOP LOSS BELOW IT. SIMILARLY ON THE HIGHER SIDE A BREAK OUT OF THE CONSOLIDATION HIGHS OF 4900 CAN TAKE NIFTY SPOT INITIALLY TOWARDS THE 8^TH & 9^TH JAN MINI GAP LEVEL OF 4919 TO 4922 FOLLOWED BY THE CHANNEL HIGH OF 4977 TO LOOK TOWARDS THE DOUBLE BOTTOM TARGET OF 5012, PERHAPS THIS WEEK IT SELF IF US MARKETS DO NOT SPOIL THE ASIAN BULL PARTY AFTER THEIR LONG WEEK END.

A DECISIVE BREACH AND SUSTAINING ABOVE THE 4 DAYS OF CONSOLIDATION HIGHS OF 4900 CAN CATAPULT SPOT NIFTY TOWARDS 100 DAY SMA TOWARDS 4939 INITIALLY FOLLOWED BY THE UPWARDS LOOKING CHANNEL HIGHS FROM 4950 TOWARDS 5000 . THIS CHANNEL HIGH IS ALSO THE MEDIAN LINE OF THE ANDREWS PITCHFORK A DECISIVE BREACH & SUSTAINING ABOVE THIS MEDIAN LINE WILL TAKE NIFTY INTO A DIFFERENT ORBIT ALTOGETHER THAT WILL MAKE MARKET PLAYERS FORGET THE DEAD CAT BOUNCE TO SCRAMBLE FOR BUYING SPREE. A FAILURE TO BREACH THIS CRITICAL LINE WILL FORCE NIFTY TO FALL AND RETEST THE LOWER FORK AROUND SPOT 5656 POSSIBLY IN FEBRUARY TO CALL AN END TO THE DEAD CAT BOUNCE.

FOR TUESDAYS TRADING , SPOT NIFTY FINDS INITIAL INTRADAY SUPPORT AROUND 4865 LEVELS THAT MAY ENCOURAGE THE SHORT POSITION HOLDERS TO BOOK SOME PROFIT. A SLIDE BELOW 4865 MAY PULL NIFTY TOWARDS SPOT 4850 TO 4840 ZONE THAT WILL SEE A ‘SEA SAW BATTLE’ BETWEEN THE BULLS & BEARS. A FAILURE TO PROTECT 4850 TO 4840 SPOT ZONE MAY SEE BEARS GATHERING MORE STRENGTH TO ADD MORE SHORTS TO TRY & PUSH NIFTY TOWARDS MONDAYS LOWS OF 4828 BELOW WHICH EVEN THE LEFT OVER BULLS WILL BE CONVERTED AS BEARS TO DOUBLE SHORT NIFTY TO PULL IT DOWN TOWARDS 4800 LEVELS.

ON THE HIGHER SIDE A DECISIVE BREACH & SUSTAINING ABOVE 4880 WILL PROPEL NIFTY TOWARDS MONDAYS HIGH OF 4898 BY WHICH TIME THE INTRADAY SAUCER BOTTOM WOULD HAVE BEEN FORMED WELL ENOUGH TO HINT AT THE BEARS TO QUICKLY COVER THE SHORTS AND RUN AWAY AS IN THAT CASE ONE MAY SEE A VERY SHARP JUMP IN SPOT NIFTY TOWARDS 4920 FOLLOWED BY 4949 & THEN 4969 AS THE PART OF MID MONDAY & TUESDAY’S INTRADAY SAUCER BOTTOM NECK LINE ACTIVATION ABOVE 4900 FOR A NEAR 70 POINT GAIN IN SPOT NIFTY. BUT WITH DOW OPEN ON TUESDAY, ITS OPERATORS WILL TRY THEIR BEST IN INFLUENCING THE ASIAN MARKETS ADVERSELY BY MANIPULATING THE DOW FUTURES FROM TIME TO TIME DURING THE ASIAN TRADING HOURS.

MARKET OUTLOOK (16 / 01 / 2012)

2012-01-15T22:37:00.001+05:30

NIFTY ENDED THE WEEK ON A REMARKABLE NOTE BY CLOSING MORE THAN 2% UP AT 4866 COMPARED TO LAST WEEKS CLOSING OF 4747. ALTHOUGH TWO CONSECUTIVE WEEKLY RISE OF SPOT NIFTY BY MORE THAN 2% ON A WEEK ON WEEK CLOSING BASIS MAY NOT BE RELISHED WELL BY THE MARKET MANIPULATORS WHO WOULD LOVE TO CLING ON TO THE SLIGHTEST AMOUNT OF ADVERSE NEWS TO PULL DOWN INDIAN MARKETS , YET EVERY CORRECTION TOWARDS 4800 OR EVEN TOWARDS THE OPENING GAP LOW OF 4760 MADE ON 10^TH JANUARY OFFERS IDEAL BUYING OPPORTUNITY FOR GOOD SHORT TERM GAINS.

IN ADDITION TO THE CONCOCTED COMMENTS ON THE QUARTERLY RESULTS OF THE COMPANIES DAY AFTER DAY TO SUIT OWN INTERESTS, EVEN PLANTED NEWS ON EUROPE OR PIIIGS COUNTRIES WILL SPREAD FOUL WIND ACROSS THE ASIAN AS WELL AS INDIAN MARKETS TO PULL IT DOWN ON EVERY RISE. TRADERS AND VERY SHORT TERM INVESTORS MUST KEEP IN MIND THAT THE DEAD CAT BOUNCE THAT HAS STARTED FROM THE VERY FIRST TRADING DAY OF THIS YEAR FROM 2^ND JAN LOW OF 4588 IS VERY MUCH INTACT AND STILL HAS A LOT OF STEAM IN IT TO MOVE FURTHER UP AFTER EVERY CORRECTION OR PAUSE.

TECHNICALLY, IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART OF SPOT NIFTY ABOVE, ONE WILL NOTICE THAT NIFTY IS CONFINED WITHIN A UPWARD LOOKING RECTANGULAR RED CHANNEL WITH HIGHS AROUND SPOT 4900 AND LOWS AROUND 4686. IN ADDITION TO THIS BROADER CHANNEL ANOTHER UPWARD GREEN CHANNEL ALSO IS IN PLAY WITH LOWS AROUND 4800 & HIGHS AROUND 5000+ LEVELS. ON ANY OPERATOR DRIVEN DECLINE, SPOT NIFTY MAY FIND SUPPORT AROUND THE BASE OF THE GREEN CHANNEL AROUND 4800 & ONLY A DECISIVE CLOSE OF SPOT NIFTY BELOW THE BASE OF THIS GREEN CHANNEL CAN PULL NIFTY FURTHER DOWN TOWARDS THE BASE OF THE RED CHANNEL AROUND 4686 TO 4700+ LEVELS. SECONDLY THE RESISTANCE LINE JOINING THE HIGHS OF 5400 & 5100, WHICH NIFTY HAS DECISIVELY BREACHED ON 10 JAN BY A GAP UP OPENING ALSO WILL BECOME A SUPPORT LINE AROUND 4750 SPOT LEVELS IN CASE OF A PANICKY SELL OFF BASED ON ANY PLANTED NEWS DURING THE COMING WEEK.

AS CAN BE SEEN IN THE DAILY EOD CHART ABOVE, FROM THE 2^ND JAN HAMMER LOW OF 4588, NIFTY WENT UP AND FORMED A CUP HANDLE FORMATION WITH THE HIGHS AROUND 4800 AS MARKED BY GREEN ARROWS IN THE CHART. A DECISIVE BREAKOUT ON 10^TH JAN SHOULD SEE SPOT NIFTY RISING BY 200 MORE POINTS FROM THE NECK LINE BREAK OUT POINT OF 4795-4800 TOWARDS 5000+ LEVELS TO COMPLETE THE CUP HANDLE BREAK OUT. THE BREAK OUT CANDLE OF 10^TH JAN ALSO DECISIVELY BREACHED THE 20 DMA AND AFTER FLIRTING WITH THE 50 DMA FOR A COUPLE OF DAYS , SPOT NIFTY FINALLY CONQUERED THE 50 DMA AROUND 4850 ON ‘13^TH THE FRIDAY’ TO CLOSE THE WEEK AT 4866 THUS OPENING THE OPPORTUNITY FOR FURTHER UP MOVE IN SPITE OF THE OPERATORS TRYING THEIR BEST TO PULL NIFTY DOWN TO FORCE IT TO CLOSE BELOW THE 50 DMA. EVEN 34 DMA AROUND 4780 WILL PROVIDE SOME SUPPORT TO NIFTY BEFORE OPERATORS TRY TO PULL IT FURTHER DOWN TOWARDS THE 20 DMA AROUND 4750 SPOT LEVELS.

DAILY INDICATORS ALTHOUGH LOOK TO BE OVERSOLD FROM A DISTANCE, YET THESE HAVE NOT YET REACHED THE OVERSOLD ZONE THUS LEAVING SOME MORE SPACE ON THE HIGHER SIDE THAT OFFERS GREAT OPPORTUNITY AFTER SOME PAUSE OR CORRECTIONS TO MOVE FURTHER UP TO ENTER THE OVERSOLD ZONE. THREE CONSECUTIVE DAYS OF DOJIS AFTER THE 10^TH JAN MEGA SURGE SUGGEST THAT NIFTY IS IN THE PROCESS OF CONSOLIDATION BEFORE ANOTHER BLAST OFF TOWARDS THE PSYCHOLOGICAL LEVEL OF 5000 SPOT LEVELS THAT IS THE LEAST NIFTY CAN TRAVEL AS PART OF THE EARLIER MENTIONED BREAK OUT OF THE CUP HANDLE NECK LINE AROUND 4800. HOWEVER A DECISIVE DOWN SIDE BREACH OF THE 4800 TO CLOSE BELOW IT, MAY BE THE INITIAL INDICATION OF THE FADING OUT OF THE TWO WEEKS OF DEAD CAT BOUNCE.

FOR MONDAYS INTRADAY TRADING PURPOSE, THE OPENING MAY BE IN LINE WITH THE ASIAN MARKETS WHICH WOULD DANCE TO THE TUNE OF FRIDAY NIGHTS WEAK DOW COUPLED WITH THE OVER HYPED DOWN GRADING SOME EUROPEAN COUNTRIES BY S&P. LAST YEAR S& P TOO HAD DOWN GRADED US BUT ONLY TO SEE US MARKETS RISING AFTER THE S& P DOWNGRADE & DOW WAS UP FROM OCTOBER 2011 LOW OF 10400 TO THE RECENT 12^TH JAN 2011 HIGH OF 12450. UNLESS THERE COMES A FRESH CATASTROPHIC NEWS EVENT TO RATTLE THE MARKETS, THESE OLD FASHIONED , WELL COORDINATED & PLANED NEWS OF DOWN GRADE OR SOMETHING RELATED TO EUROPEAN SOVEREIGN DEBT CRISES ETC WILL ONLY SEE AN INTRADAY NEGATIVE BLIP FOR OPERATORS & INTERESTED PARTIES TO ENTER LONG.

FOR MONDAY, SPOT NIFTY FINDS INTRADAY SUPPORT AROUND 4856 FOLLOWED BY 4843 & 4834 THAT SHOULD SEE BULLS COMING INTO ACTION IN A BIG WAY. A FAILURE ON THE PART OF THE BULLS TO PROTECT THE CRITICAL SPOT LEVEL OF 4834 CAN SEE A MASSIVE FALL TOWARDS 4800 OR EVEN 4788 SPOT LEVELS AS A SECOND LINE OF DEFENSE FOR THE BULLS TO GIVE A FINAL TRY FROM HERE TO PROTECT NIFTY SPOT FROM FALLING FURTHER. SIMILARLY ON THE HIGHER SIDE IN CASE ASIAN MARKETS DO NOT PANIC TO THE WELL COORDINATED & PLANTED NEWS OF S& P AND JUST SHOW A LUKEWARM RESPONSE THEN THERE IS EVERY POSSIBILITY OF NIFTY RISING TO CROSS INITIAL HURDLES OF 4876 TO BREACH FRIDAYS HIGHS OF 4899 TO BREACH 4900 OR EVEN TEST HIGHER LEVELS ALTHOUGH A CLOSE ABOVE NIFTY SPOT LEVELS OF 4900 LOOKS HIGHLY AMBITIOUS FOR THE DEAD CAT BULLS AS OF NOW.

INTRADAY TRADERS MAY PLAN TO TRADE LONG IN CASE NIFTY FUTURE SUSTAINS ABOVE 4888 4892 ZONE FOR GOOD INTRADAY GAINS. LONG POSITIONS IN NIFTY FUTURES MAY ALSO BE PLANNED IN CASE NIFTY FUTURES HOLDS THE 12^TH JAN LOWS OF 4818, FAILING WHICH CARGO SHORTING MAY BE EMPLOYED FOR GOOD INTRADAY GAINS. SIMILARLY ON THE LOWER SIDE TRADERS MAY PLAN TO SHORT NIFTY FUTURES WITH PUNITIVE FORCE IN CASE BULLS FAIL TO HOLD 4858 TO 4850 ZONE INITIALLY. MORE SHORTS MAY BE ADDED IN A RHYTHMIC PATTERN IN CASE NIFTY FUTURE FAILS TO BOUNCE FROM THE SUPPORT ZONE OF 4835 TO 4827 FUTURE LEVELS FOLLOWED BY BREACH OF THE 4818 TO 4812 FUTURE LEVELS..

MARKET OUTLOOK ( 13 / 01 / 2012 )

2012-01-13T00:24:00.001+05:30

AFTER THE BIG SPURT ON TUESDAY, NIFTY AS USUAL TOOK ITS TIMELY PAUSE FOR TWO DAYS AND THE WEEK END WITH THE FAMOUS “13^THTHE FRIDAY” MAY SEE THE PAUSE EXTENDING BY ANOTHER DAY, AS RISING TOO MUCH FROM LAST WEEKS CLOSING LEVEL OF NIFTY SPOT 4747 MAY NOT BE DIGESTED WELL BY CERTAIN CATEGORY OF TRADERS. THE WAY NIFTY FUTURE BOUNCED FROM THE CRITICAL LOW OF 4818 DURING THE MID DAY FALL WAS REMARKABLE,THAT TOO IT WAS MORE ENCOURAGING FOR THE BULLS AS IN SPITE OF THE LUKEWARM RESULTS OF TECH QUEEN INFOSYS, NIFTY DID NOT FALL AS MUCH EVEN AFTER NEUTRALIZING VERY GOOD IIP NUMBERS. NOW EVERYONE IS EYEING FOR THE TECH KING TCS WHETHER IT WILL CHASE THE TECH QUEEN OR WILL DISPLAY ITS KINGSHIP BY NEUTRALIZING THE ENTIRE TECH GLOOM GENERATED BY THE TECH QUEEN.

THE COMING FEW DAYS MAY SEE HIDE & SEEK BETWEEN THE BULLS AND THE BEARS TO RETAIN SUPREMACY. INTERESTED FINANCIAL CHANNELS WILL MAKE MARRY BY SUITABLY ADJUSTING THEIR TONE TO SUIT THEIR OWN POSITIONS IN THE GUISE OD STREET EXPECTATIONS. MANY FOREIGN ANALYSTS WHO HAD PERISHED WILL BE ROPED IN BY THESE INTERESTED FINANCIAL CHANNELS TO COMMENT ON THE RESULTS OF INDIAN COMPANIES AGAIN TO SUIT THEIR OWN LONG OR SHORT POSITIONS. NEXT FEW DAYS ALSO WILL PUSH SOME FRAUDULENT RATING AGENCIES TO SUITABLY COMMENT ON THE RESULTS OF INDIAN INDUSTRIES TO SUIT THEIR OWN POSITIONS.

IN ADDITION TO ALL THESE, THE VULTUROUS OPERATORS WILL LEAVE NO STONE UNTURNED IN MANIPULATING THE MARKETS IN SPITE OF THE INSIDERS TRYING THEIR BEST TO MANGE THE PRICE OF THEIR STOCKS AROUND THEIR DESIRED LEVELS IRRESPECTIVE OF THEIR RESULTS. SO, TRADERS OR EVEN INVESTORS IF AT ALL THERE ARE ANY, SHOULD BE READY FOR A HIGHLY CONFUSING MONTH ALTHOUGH THE TECHNICALS POINT TO SOME MORE UP SIDE IN THE DEAD CAT BOUNCE ALONG WITH ITS AS USUAL QUOTA OF PAUSES & RETRACEMENTS.

FOR FRIDAYS TRADING PURPOSE, THE INITIAL PART OF THE DAY MAY BE INFLUENCED BY ASIAN MARKETS WHICH MAY DANCE TO THE TUNE OF OVERNIGHT DOW. THE WAY NIFTY FUTURES WERE TAKEN UP DURING THE CLOSING 15 MINUTES FROM A FUTURES LOW OF 4835 TO A LAST MINUTE HIGH OF 4872 SEEMS TO BE A PERFECT BULL TRAP FOR THE AMBITIOUS BULLS WHO DARED TO CARRY OVERNIGHT LONG FUTURES. WORDINGS OF SOME FINANCIAL CHANNELS WILL BE SO MINCED THAT BULLS MAY CURSE THEIR ACTION.

HOWEVER BEARS MAY REJOICE IN CASE NIFTY FUTURE IS PULLED DOWN BELOW 4835 TO 4830 ZONE THAT MAY SEE MORE SHORTINGS COMING IN WHICH WILL GET ACCELERATED IN CASE THURSDAYS FUTURES LOW OF 4818 IS DECISIVELY BREACHED. IF BULLS FAIL TO HOLD 4835 TO 4830 FUTURES ZONE OR MORE IMPORTANTLY THE AREA AROUND FUTURE LEVEL OF 4818 THEN NOTHING CAN PREVENT THE BEARS IN BREACHING THE PSYCHOLOGICAL 4800 FUTURE LEVELS TO SLIDE TOWARDS TUESDAYS NIFTY FUTURES GAP OPENING LOW OF 4782 TO SUMMON ALL THE INDIAN BULLS TO RUSH IN, TO RESCUE NIFTY FUTURES OR ELSE ONE MAY CALL AN END TO THE SO CALLED JANUARY MONTH DEAD CAT BOUNCE.

ON THE HIGHER SIDE, INDIAN MARKETS NEED SOME ENCOURAGING NEWS FROM THE FINANCIAL CHANNELS EVEN AGAINST THEIR BIG BEARISH PLANS, IN ORDER TO RISE ON FRIDAY TO CLOSE MUCH ABOVE LAST WEEKS NIFTY FUTURES CLOSING LEVEL OF 4760. IN CASE THE CRITICAL FUTURE ZONE OF 4835 TO 4830 IS PROTECTED BY THE BULLS THEN ONE MAY SEE BEARS COVERING THEIR SHORTS SIMILAR TO THE LAST FEW MINUTES OF THURSDAY WHICH WAS BASED ON A WELL PLOTTED DELAYED NEWS ON EUROPEAN BOND AUCTION THAT WAS QUIETLY SLIPPED IN BY THE INTERESTED FINANCIAL CHANNEL.

ON THURSDAY NIFTY FUTURE HAS CLOSED AT 4868 WITH A BIG PREMIUM ABOVE THE SPOT ADJUSTED CLOSING OF 4831 THAT MAKES THE FUTURES HIGHLY VULNERABLE DURING THE INITIAL MINUTES OF FRIDAY THAT WILL TORTURE THE BULLS IN THE OVERNIGHT BULL TRAP. HOWEVER AFTER THE INITIAL MINUTES OF UNCERTAIN TUG OF WAR, IF NIFTY FUTURE CAN CROSS AND SUSTAIN ABOVE THE 4889 MARK THEN BULLS CAN EXPECT SOME SHORT COVERING BY THE BEARS TO SEE NIFTY CROSSING THE PSYCHOLOGICAL 4900 TO AT LEAST AIM FOR THE FIBO 61.8% LEVEL OF 4944 EARLY NEXT WEEK.

TECHNICALLY, AS CAN BE SEEN IN THE HOURLY CHART OF NIFTY FUTURE ABOVE, THE LEVELS OF 4818 ON THE LOWER SIDE AND 4889 ON THE HIGHER SIDE ARE HIGHLY CRITICAL. BELOW THE FUTURE LEVEL OF 4818 TO 4808 THE LOWER FORK OF THE ANDREWS PITCHFORK MEDIAN LINE WILL BE PUNCTURED TO CONFIRM AN ABRUPT END TO THE DEAD CAT BOUNCE TO SLIDE TOWARDS TUESDAYS OPENING GAP LOW OF 4782 TO BE FURTHER ATTRACTED BY THE SATURDAY’S HAPPY HOUR VODKA OR BEER CLOSING OF 4760 TO THREATEN FURTHER FALLS NEXT WEEK.

SIMILARLY IF NIFTY FUTURE BREACHES THE BARRIER REEF OF 4889, THEN BULLS CAN EXPECT ANOTHER JUMP OF ABOUT 70 POINTS, INITIALLY TOWARDS THE FIBO 61.8% RESISTANCE OF 4944 FOLLOWED BY EVEN NEARER TO 5000 NIFTY FUTURE LEVELS NEXT WEEK EVEN AGAINST THE DESIRE OF SOME OF THE HIGHLY BEARISH FINANCIAL CHANNELS. SPOT NIFTY HAS THE 50 DMA AROUND 4848 TO 4850 THAT WILL ACT AS A LOW NAILED ROOF FOR THE SPOT NIFTY’S HIGHER CLOSING LEVELS & ON THE LOWER SIDE SPOT 34 DMA AROUND SPOT NIFTY’S LEVEL OF 4780 TO 4785 MAY ACT AS A GOOD RESTING PLACE FOR THE SPOT NIFTY’S CLOSING LEVELS.

MARKET OUTLOOK ( 11 / 01 / 2012 )

2012-01-11T00:36:00.004+05:30

SO, AFTER A LONG WAIT OF ONE WEEK, THE BREAK OUT FINALLY CAME. LAST MONDAY ON 2^ND JAN NIFTY HAD MADE THE HAMMER BOTTOM FOLLOWED BY THE GAP UP MARUBOZU CANDLE ON 3^RD JAN, THAT WAS FOLLOWED BY 5 CONSECUTIVE DAYS OF COMPRESSED PRICE ACTION WITH COMBINATIONS OF TWIN 7 NRBs, INSIDE & OUT SIDE BAR SET UPS & WHAT NOT, NIFTY TESTED THE PATIENCE OF THE BULLS FOR 5 CONSECUTIVE DAYS AND AS EXPECTED FINALLY BROKE OUT OF THE CONGESTION ZONE WITH STYLE AND GRACE TO NOT ONLY BREACH THE CRITICAL SPOT NIFTY LEVELS OF 4800,4818 & 4840 BUT BOLDLY CLOSED ABOVE ALL THESE, THAT HAS STRENGTHENED THE BULLS FOR ANOTHER JUMP TOWARDS NOT ONLY THE FIBO 61.8% RESISTANCE OF 4882 BUT ALSO TOWARDS THE MINI GAP AROUND 4919 AS CAN BE SEEN IN THE HOURLY CHART ABOVE.

TECHNICALLY NIFTY LOOKS HIGHLY BULLISH IN THE VERY SHORT TERM THAT MAY SEE MORE OF SHORT COVERING TO COME IN NEXT DAY OR TWO WHICH CAN PROPEL SPOT NIFTY TOWARDS THE PSYCHOLOGICAL LEVEL OF 5000 DURING THIS COPY BOOK DEAD CAT BOUNCE. IN THE HOURLY CHART ABOVE TWO TECHNICAL INDICATIONS ENCOURAGE THE TRADERS TO GO LONG ON EVERY DECLINE. FIRSTLY THE MACD INDICATOR HAS MADE A HOOK REVERSAL ABOVE THE ZERO LINE AS CAN BE SEEN IN THE CHART ABOVE. THIS TYPE OF HOOK REVERSAL JUST BEFORE BREACHING THE ZERO LINE GENERALLY POINTS TOWARDS A MUCH BIGGER UP MOVE. SECONDLY THE HOURLY CANDLE FORMED AT 1 PM ON TUESDAY IS NOT ONLY A 7^TH NRB BUT ALSO HAS FORMED AN INSIDE AS WELL AS AN OUT SIDE BAR SETUP WITH THE HIGHS OF SETUP AT SPOT 4834 AND LOWS AROUND 4812.

ALTHOUGH THE HIGHS HAVE BEEN BREACHED BY END OF TRADING ON TUESDAY & NIFTY HAS CLOSED ABOVE IT, YET ONE HAS TO WAIT AND SEE THE FIRST HOUR CANDLE CLOSE ON WEDNESDAY & IF IT CLOSES ABOVE THE HIGH OF THE ISB & OSB + 7^TH NRB SETUP ABOVE 4834 THEN ONE CAN EXPECT ANOTHER MEGA UP SWING TOWARDS 4900 TO 5000 LEVELS THIS WEEK IT SELF. HOWEVER A CLOSE OF AN HOURLY CANDLE BELOW THE LOW OF THE SETUP AT 4812 WILL SEE THE MUCH HYPED DEAD CAT BOUNCE GETTING FIZZLED OUT AS IT HAS HAPPENED MANY A TIMES IN THE RECENT PAST. SO, ONE MAY BOLDLY HOLD THE LONGS AS LONG AS SPOT NIFTY SUSTAINS ABOVE 4812 TO REVERSE & GO SHORT ONLY IF AN HOURLY CANDLE CLOSES BELOW SPOT NIFTY LEVEL OF 4812. A FAILURE TO SUSTAIN ABOVE THE THE TRADE SET UP HIGH ABOVE 4834 WILL CONSTRUE THE TUESDAYS LAST HOUR SPURT AS A BULL TRAP FOR ALL THOSE WHO CARRIED THE OVERNIGHT LONGS.

FOR WEDNESDAYS INTRADAY TRADING PURPOSE, NIFTY MAY OPEN IN LINE WITH REST OF THE ASIAN MARKETS AND IF EVERYTHING RUNS TIKITI-BOO FOR THE BULLS, THEN ONE SHOULD NOT BE SURPRISED TO SEE SPOT NIFTY JUMPING UP TOWARDS THE FIBO 61.8% LEVEL OF 4882 FOLLOWED BY MINI GAP LEVEL OF 4919 DURING THE FIRST HALF OF WEDNESDAY JUST BY CLINGING ON TO THE MEDIAN LINE OF THE ANDREWS PITCHFORK AS CAN BE SEEN IN THE CHART ABOVE. HOWEVER A FAILURE TO SUSTAIN ABOVE SPOT 4840 TO 4830 MAY SIGNAL THE EARLY EXHAUSTION OF THE BULLS THAT MAY SEE BULLS SUDDENLY GETTING SURROUNDED BY THE BEARS FROM ALL DIRECTIONS AND IN CASE BEARS CAN MANAGE TO PULL SPOT NIFTY DOWN BELOW 4812 TO HAVE AN HOURLY CLOSE BELOW IT, THEN IT MAY SIGNAL THE END GAME FOR THE BULLS TO SEE SPOT NIFTY NOT ONLY SLIDING BELOW 4800 BUT ALSO IT CAN EVEN FALL TOWARDS THE TUESDAYS OPENING GAP LOW OF 4772 THAT MAY SUMMON THE FOREIGN OPERATORS TO PROTECT SPOT NIFTY SO THAT IT DOES NOT ENJOY THE GAP ENTRY TILL 4750.

TECHNICALLY, (WITHOUT THE ADVERSE INFLUENCE OF EXTERNAL OPERATORS) THE THINGS ARE CERTAINLY LOOKING BULLISH FOR SOME MORE UP MOVE AND DORMANT SECTORS LIKE FMCG MAJORS & BIOTECH WHICH HAD A BARREN WEEK SO FAR, MAY ALSO DISPLAY THEIR POWER TO BE AT PAR WITH TECHIES AS WELL AS OTHER INDEX HEAVIES WHICH HAVE SEEN GOOD MOVE DURING THE LAST SEVEN DAYS. INTRADAY TRADERS MAY USE INTRADAY DECLINES TO GO LONG AND HOLD LONGS AS LONG AS SPOT NIFTY SUSTAINS ABOVE 4812 TO HAVE A WEEKLY BONANZA. THE NECK LINE JOINING THE HIGHS OF 4818, 4800, 4783 HAVE BEEN DECISIVELY BREACHED & THIS SHOULD AT LEAST SEE SPOT NIFTY RISING BY ANOTHER 240 POINTS FROM THE BREAK OUT POINT OF 4770 TOWARDS 5010 AS CAN BE SEEN IN THE CHART ABOVE . CERTAINLY THERE WILL BE SOME INTRADAY CORRECTIONS WHICH CAN BE BOLDLY USED TO GO LONG WITH STOP BELOW THE SPOT NIFTY LEVEL OF 4812.

MARKET OUTLOOK ( 09 / 01 / 2012 )

2012-01-08T19:50:00.001+05:30

NIFTY WHICH HAD DISPLAYED REMARKABLE STRENGTH ON MONDAY & TUESDAY BY RISING FROM A LOW OF 4588 TO A HIGH OF 4773, LOST ALL THE MOMENTUM FOR THE REMAINING FOUR TRADING DAYS OF THE WEEK TILL SATURDAY AND COULD ONLY MOVE UP BY JUST 20 MORE POINTS TILL FRIDAYS EXPLOSIVE HIGH OF 4794 TO FINALLY CLOSE AROUND 4747 ON SATURDAY. ALTHOUGH A PAUSE AFTER A SHARP SPURT IS A WELCOME SIGN FOR THE BULLS WHO CAN ANTICIPATE ANOTHER BIG UP MOVE AFTER THE SWING HIGH OF 4800 IS DECISIVELY BREACHED, YET THE BEARS WHO ARE LYING DOGGO AROUND 4800 SPOT, ARE NOT GOING TO GIVE UP SO EASILY THE CRITICAL RESISTANCE AROUND 4800 ALTHOUGH ULTIMATELY THE BEARS WILL HAVE TO SURRENDER TO THE BULLS WHO ARE UNDER THE +VE PLANETARY INFLUENCE.

IF ONE HAS A CLOSER LOOK AT THE 20 DAYS 20 MINUTE INTRADAY CHART OF SPOT NIFTY ABOVE, ONE WILL NOTICE THAT NIFTY IS UNDER THE PROCESS OF MAKING A BIG ‘M’ FORMATION WHICH IS FAVORABLE FOR THE BEARS TO PULL NIFTY DOWN TOWARDS THE INITIAL SUPPORT AROUND LOWER FORK OF ANDREWS PITCHFORK AROUND 4717. A FAILURE ON THE PART OF THE NEW YEAR BULLS TO HOLD THE LOWER FORK AROUND 4717 WILL CERTAINLY SEND THE BULLS PACKING TOWARDS KANYAKUMARI AS NIFTY SPOT IN THAT CASE WILL SEE A SHARP DROP TOWARDS THE CRITICAL SUPPORT LINE AROUND 4626 FORMED BY JOINING THE MAJOR SWING LOWS OF 20 DEC AT 4531 AND THE LOW OF 2^ND JAN AT 4588 . ON ANY DAY DURING THE WEEK IN CASE BEARS CAN PRESS ON A BIT MORE TO CLOSE BELOW THIS CRITICAL SUPPORT LINE THEN BEARS WILL TURN OUT TO BE TRIUMPHANT AS THE SUPPORTS AROUND 4588 AS WELL AS 4531 WILL GET PUNCTURED TO SEE BEARS DRIVING THE BULLS THROUGH THE TUNNEL PAST 4531 TOWARDS A NEW LOWS AROUND 4444 BY END OF THE MONTH LEAVING THE REST OF THE MOPPING ACTION TO BE DONE DURING THE DAYS LEADING TOWARDS THE AGRO BUDGET.

SO, ON ANY DAY IF TRADERS & INVESTORS FIND SPOT NIFTY BREACHING THE INITIAL SUPPORTS AROUND 4717, THEN RUTHLESS SHORTING WITHOUT LOOKING LEFT & RIGHT IS THE ONLY ACTION TO BE TAKEN. MORE SHORTS MAY BE ADDED WITH A BRUTAL FORCE AS WELL AS PUNITIVE ATTITUDE SHOULD SPOT NIFTY SLIDE & SUSTAINS BELOW 4626 THAT WILL REWARD THE BEARS NOT ONLY WITH THE RECENT SWING LOW OF 4531 BUT ALSO MUCH LOWER LEVELS, BECAUSE IN THAT CASE THE ‘M’ FORMATION GENERATED BETWEEN THE LOW OF 4531, HIGH OF 4800, LOW OF 4588 AND FINALLY THE LIKELY LOW AROUND 4626 WILL CERTAINLY SEE NIFTY FALLING BY ANOTHER 200+ POINTS FROM 4626 TOWARDS 4444 OR 4422 IN QUICK TIME. THE GAP THAT EXISTS SINCE 2^ND JAN HAMMER HIGH OF 4646 AND THE 3^RD JAN MARUBOZU LOW OF 4676 WILL PROVIDE THE BEARS ENOUGH OF FOOD AND DRINKS AS WELL AS GOOD REST & ENTERTAINMENT TO PLOT ANOTHER MASTER PLAN FOR FURTHER MASSACRE OF THE BULLS THAT WILL SEE A NEW LOW BEING MADE IN JANUARY. EXTERNAL OPERATORS ACTING ON BEHALF OF DOW IN THE DISGUISED NAMES OF FIIS & HEDGE FUNDS WILL PROVIDE ENOUGH OF AMMUNITION FROM BEHIND THE SCENE TO SEE THAT INDIAN MARKETS CONTINUE TO ROT EVEN IN 2012.

NOT WITHSTANDING THE GLOOM & DOOM MENTIONED ABOVE, THE THINGS CAN TAKE AN ABSOLUTELY BULLISH TURN IN CASE THE BULLS ARE ABLE TO CAPITULATE ON THE CONDITIONS PRESENTED TO THEM ON A PLATTER DURING LAST WEEK. THE HAMMER BOTTOM OF FIRST TRADING DAY OF THIS YEAR FOLLOWED BY THE BIG GAP UP BULLISH MARUBOZU CANDLE & THE MORE INTERESTING FOUR DAYS OF COMPRESSED PRICE ACTION WITH TWO DOJIS FOLLOWED BY A SPIN TOP CANDLE OF FRIDAY FORMING AN OUT SIDE BAR TO BOTH THE 7^TH NRB CANDLES OF 4^TH & 5^TH JAN IS A GREAT TRADE SET UP PRESENTED TO THE BULLS TO DRIVE NIFTY HIGHER THAN THE HIGH OF THE TRADE SETUP ABOVE FRIDAYS HIGH OF 4795 & MORE IMPORTANTLY SUSTAIN ABOVE IT. IN CASE THE BULLS ARE ABLE TO PERFORM THIS TASK THEN THEY CAN REST FOR NEXT FEW DAYS AS THE POWER OF MASSIVE SHORT COVERING ITSELF WILL SEE THAT SPOT NIFTY RISES ABOVE 4818, 4840 TO EYE FOR THE MINI GAP FORMED BETWEEN 8^TH & 9^TH DECEMBER LOWS AND HIGHS OF 4922 & 4918.

TO ACHIEVE THIS HERCULEAN GOAL, THE BULLS HAVE THE NATURAL SUPPORT OF THE DAILY INDICATORS WHO STILL SHOW A LOT OF PROMISE FOR MUCH MORE UP MOVE. THE RISE OF LAST WEEK BY MORE THAN 2% HAS ALSO REJUVENATED THE WEEKLY INDICATORS WHO HAVE DELIVERED THE INITIAL INDICATIONS OF TURNING UP FROM THE OVERSOLD LEVELS. THE ANDREWS PITCHFORK MEDIAN LINE AS CAN BE SEEN IN THE INTRADAY CHART, STRENGTHENS THE GENERAL VIEW THAT THE PRICE AFTER TESTING THE LOWER FORK AROUND 4687 ON FRIDAY HAS MORE CHANCES OF INCHING UP TOWARDS THE UPWARD LOOKING MEDIAN LINE, AT LEAST TOWARDS THE FIBO 61.8% LEVEL OF 4882 COUNTED FROM 7^TH DECEMBER SWING HIGH OF 5100 TILL 20 DEC SWING LOW OF 4531.

THE TWO HOURS OF DEADLY BURST OF BULL POWER DISPLAYED ON FRIDAY TO RISE TO SPOT 4794 ABOVE THE WEEKLY HIGH OF 4783 , JUST AFTER SPOT NIFTY TOUCHED THE LOWER FORK OF ANDREWS PITCH FORK MEDIAN LINE AROUND SPOT 4688, IS A GREAT BOOSTER DOSE FOR THE INDIAN BULLS TO PRESS ON REGARDLESS DURING THE COMING WEEK TO EYE FOR THE MINI GAP AROUND 4919 BY QUIETLY CLINGING ON TO THE MEDIAN LINE OR ELSE THEY HAVE TO SURRENDER TO THE EVIL EXTERNAL FORCES WHO WILL SNATCH AWAY THE ENTIRE INITIATIVE FROM INDIAN BULLS RESULTING IN BULLS BEING CHASED AWAY ALL THE WAY SOUTHWARDS TOWARDS A NEW LOW BELOW 4531 IN JANUARY IT SELF.

MARKET OUTLOOK

2012-01-06T09:13:00.000+05:30

AS WAS INDICATED ON WEDNESDAY, NIFTY CONTINUED TO MAKE THE SECOND 7^TH NRB ON THURSDAY WITH NIFTY SPOT MAKING AN INTRADAY HIGH OF 4779 AND LOW OF 4730 & CLOSED ABSOLUTELY FLAT EXACTLY AT THE DAILY PIVOT LEVEL OF 4749. AFTER TWO DAYS OF RISE STARTING FROM MONDAYS LOW OF 4588 AS A HAMMER FOLLOWED BY THE BIG GAP UP ON TUESDAY TO SPURT TILL THE HIGH OF 4773, ONE HAD TO SEE SOME PAUSE IN NIFTY AND THE PRICE ACTION OF WEDNESDAY AND THURSDAY IS NOTHING BUT THE EXPECTED PAUSE. THE INTERESTING PART BEING THE FORMATION OF TWIN 7^TH NRB SETUP THAT HAS TREMENDOUS ENERGY STORED IN IT IN THE FORM OF COILED SPRING TO SEE SOME SHARP MOVE IN EITHER DIRECTION WHEN THE TIME IS RIPE FOR IT TO SPRING INTO ACTION POSSIBLY AROUND NEXT WEEK.

MOST LIKELY THIS PAIR OF 7^TH NRBS WAS WELL MANIPULATED BY THE EXTERNAL MANIPULATORS TO BRING DOWN NIFTY ON FRIDAY. THE MANIPULATION OF DOW FUTURES AS WELL AS DOW ON WEDNESDAY & THURSDAY ARE DISTINCT EXAMPLES OF THE LIKELY DIRECTION NIFTY IS GOING TO TAKE ON FRIDAY AS THE AFTER EFFECT OF THE TWIN 7^TH NRB FORMATIONS. HOWEVER IF ONE GOES BY PURE TECHNICALS IGNORING THE LIKELY MANIPULATIVE ACTION OF DOW OPERATORS, THEN THE SETUP FORMED ON WEDNESDAY AND THURSDAY AFTER THE BULLISH PRICE ACTION OF MONDAY & TUESDAY IS A CLEAR INDICATION OF A SHARP BREAK OUT UP MOVE WHICH WOULD HAVE CERTAINLY COME IF DOW NEVER EXISTED. BUT WITH DOW OPERATORS MANIPULATING THE REST OF WORLD MARKETS ONE SHOULD BE MENTALLY PREPARED FOR A PULL DOWN IN INDIAN MARKETS ON FRIDAY.

IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART ABOVE, ONE WILL NOTICE THAT THE TWO CRITICAL DAILY INDICATORS OF SLOW STOCH AND THE RSI ARE CERTAINLY GIVING INDICATIONS FOR FURTHER UP MOVE WHICH MAY NOT BE RELISHED WELL BY THE OPERATORS COMMUNITY WHO WOULD MAKE THEIR UTMOST EFFORTS TO PULL THE MARKETS DOWN TO KEEP IT VULNERABLE FOR MONDAYS TRADING. SO, IN SPITE BULLISH TECHNICAL INDICATIONS ON A VERY SHORT TERM BASIS, YET THE MARKETS HAVE TO SUCCUMB TO THE MANIPULATIVE ACTIONS OF OPERATORS THAT MAY SEE A FALL ON FRIDAY TO WEED OUT WEAKER HANDS. DOW ON THURSDAY NIGHT WAS AT 130 NEGATIVE WHEN EUROPEAN MARKETS CLOSED IN DEEP RED. HAVING INDUCED EUROPEAN MARKETS TO CLOSE IN RED, THE SAME TRICK MAY NOT BE APPLIED FOR ASIAN MARKETS & DOW MAY BE MADE TO RECOVER TO CLOSE FLAT OR MILD BUT ITS FUTURES WILL BE SUITABLY USED BY OPERATORS TO TWIST THE TAILS OF ASIAN MARKETS ON FRIDAY MORNING.

FOR INTRADAY TRADING PURPOSE, INDIAN MARKETS MAY OPEN IN LINE WITH ASIAN MARKETS WHICH BY THE TIME OF INDIAN OPENING WOULD HAVE GOT TIRED BY DANCING TO THE TUNE OF OVERNIGHT DOW. SPOT NIFTY HAS CRITICAL SUPPORT AROUND INTRADAY CHANNEL BOTTOM OF 4725 FORMED DURING LAST TWO DAYS OF FLATNESS. A BREACH AND SUSTAINING BELOW 4725 SPOT MAY SEE A STONE LIKE FALL BY ABOUT 50 TO 55 POINTS EQUAL TO THE BREADTH OF THE INTRADAY CHANNEL WITH HIGH AROUND 4780 AND LOW AROUND 4725. HOWEVER IF BULLS ARE DETERMINED IN PROTECTING THE CRITICAL LEVEL OF 4725 THEN THERE IS EVERY POSSIBILITY OF NIFTY BOUNCING UP AGAIN TO NOT ONLY RETEST THE UPPER CHANNEL AROUND 4780 TO 4785 BUT ALSO CAN BREACH THE CHANNEL TO SHOOT PAST IT TO TEST THE CRITICAL LEVEL OF 4800 TO SHOOT PAST IT.

LAST FRIDAY SPOT NIFTY HAD CLOSED AT 4634 AND ON THIS THURSDAY NIFTY HAS CLOSED AT 4749 A RISE OF MORE THAN 2% SO FAR, WHICH MAY NOT DIGESTED WELL BY EXTERNAL OPERATORS WHO WILL TRY TO BRING DOWN NIFTY INITIALLY BELOW THE TWIN 7^TH NRB LOWS OF 4727 THEN ENJOY THE FUN IN SEEING INDIAN WEAKER HANDS PANIC AND OFF LOAD THEIR HOLDINGS TO ALLOW THESE OPERATORS TO BUY AGAIN AT THE LOW PRICES. THE TWIN NRBS WITH THE LATER ONE BEING A PERFECT DOJI AS WELL AS AN INSIDE BAR AT THE DAILY PIVOT CAN REALLY SEE INDIAN MARKETS SHOOTING UP IF THERE WAS NO MANIPULATIVE ACTION OF OPERATORS. AS OPERATORS ACTION IS THE MAIN DRIVING FORCE BEHIND INDIAN MARKETS BEING THE WORST PERFORMING MARKETS IN LAST ONE & HALF YEARS, THIS HIGHLY BULLISH INDICATION MAY BE CONVERTED INTO A HIGHLY BEARISH MOVE BY THE MANIPULATIVE ACTION OF EXTERNAL OPERATORS.

THE OPERATORS ACTION HAS BECOME SO INFLUENTIAL THAT TRADERS INSTEAD OF BUYING THE SUPPORTS AND SELLING THE RESISTANCES HAVE STARTED DOING THE REVERSE . NOW A DAYS BOLD SHORTING JUST ABOVE THE INTRADAY SUPPORTS HAS BECOME HIGHLY PROFITABLE AS EVERYONE IS SURE THAT THE OPERATORS WILL BREACH THE SUPPORT AND RESISTANCES TO TRIGGER EVERY ONES STOP LOSSES THAT GIVES GOOD INTRADAY GAINS TO SHORTERS ABOVE THE SUPPORT LEVELS AND BUYERS JUST SHORT OF RESISTANCE LEVELS. ALL THOSE WHO APPLY STOP LOSSES AT OR TOO CLOSE TO THE SUPPORTS AND RESISTANCES BECOME EXPERTS IN THE PRACTICE OF STOP LOSS CLEARANCES, THANKS TO MODERN DAY OPERATORS ACTION SPECIALLY EXTERNAL OPERATORS WHO OPERATE IN THE NAME OF FIIS OR HEDGE FUNDS.

FOR INTRADAY TRADING PURPOSE, SPOT NIFTY HAS SUPPORTS AROUND 4730 TO 4725 BELOW WHICH ONE MAY SEE NIFTY FALLING TOWARDS SUB 4700 TO EYE FOR TUESDAYS OPENING GAP LEVEL OF 4676. ON ANY DAY IN CASE OPERATORS TAKE NIFTY INTO THE GAP BELOW 4676 THEN MOST LIKELY THE GAP OF MONDAY & TUESDAY TILL 4636 WILL GET FILLED UP. HOWEVER IF 4730 TO 4725 IS HELD OR NIFTY SPOT AFTER THE DECEPTIVE FALL TO TRIGGER STOP LOSSES, RISES AGAIN ABOVE 4730 TO SUSTAIN ABOVE IT, THEN THERE IS EVERY POSSIBILITY OF NIFTY MOVING UP WITH RESISTANCES AROUND 4757 FOLLOWED BY 4774 AND 4785. SUSTAINING ABOVE 4785 MAY ADD A NEW DIMENSION TO SPOT NIFTY AS IT WILL NOT ONLY CROSS THE INITIAL MAJOR HURDLE OF 4800 BUT ALSO WILL SET THE STAGE FOR A BREAK OUT MOVE ON MONDAY TOWARDS 4818 & 4840 LEVELS EVEN WITH A SOLID KNOCK OUT PUNCH TO BE DELIVERED BY DOW OPERATORS ON FRIDAY NIGHT.

MARKET OUTLOOK ( 05 / 01 / 2012 )

2012-01-05T09:22:00.000+05:30

NIFTY AFTER TWO DAYS OF RISE TOOK AN EXPECTED PAUSE ON WEDNESDAY. BUT WHAT IS IMPORTANT TO NOTE IS THAT THE DAYS RANGE FOR NIFTY SPOT ON WEDNESDAY WAS JUST 54 POINTS WITH THE DAY HIGH AROUND 4783 AND LOW AROUND 4729 THUS QUALIFYING NIFTY SPOT AS A 7^TH NRB . THIS 7^TH NRB FORMED AFTER TWO DAYS OF RISE & THAT TOO CLOSING MORE TOWARDS THE LOW OF THE DAY LOOKS VULNERABLE FOR FURTHER FALLS AND A BREACH OF THE LOWS OF WEDNESDAY AROUND 4728 CAN SEE BIGGER FALLS TOWARDS 4700 OR LOWER LEVELS. HOWEVER THE CHARM OF THIS 7^TH NRB IS SUCH THAT IN CASE NIFTY BREACHES THE 7^TH NRB HIGH OF 4783 AND SUSTAINS ABOVE IT THEN A SHARP UP MOVE ALSO CAN BE EXPECTED IN QUICK TIME. MOST LIKELY NIFTY WILL MAKE ANOTHER DAY OF NARROW RANGE BEFORE BREAKING OUT TOWARDS THE UP SIDE.

THE MILD FALL ON WEDNESDAY WAS WITH LOW VOLUME AND LOOKS LIKE NIFTY IS IN THE PROCESS OF A FLAT FORMATION AFTER TWO DAYS OF GOOD RISE FROM MONDAYS LOWS OF 4588. A BREACH OF SPOT LEVEL OF 4727 CAN SEE A STONE LIKE FALL IN NIFTY STRAIGHT TOWARDS SUB 4700 LEVELS & THE CRASH BELOW 4727 MIGHT BE OF ABOUT 55 POINTS EQUAL TO THE BREADTH OF THE RECTANGULAR FLAT AS CAN BE SEEN IN THE CHART ABOVE. SIMILARLY ON THE UP SIDE A DECISIVE BREACH OF THE CHANNEL HIGH AROUND 4783 CAN SEE A SHARP JUMP BY ABOUT 55 POINTS TOWARDS THE CRITICAL RESISTANCE OF 4840. MOST LIKELY NIFTY MAY BE KEPT WITHIN THIS FLAT ZONE FOR ANOTHER DAY TO BREAK OUT ON THE UPSIDE OR BREAK DOWN ON THE DOWN SIDE TO DISPLAY THE COILED SPRING POWER OF THE 7^TH NRB.

FOR THURSDAYS TRADING ONE SHOULD EXPECT THE OPENING TO BE IN LINE WITH OTHER ASIAN MARKETS ALTHOUGH SGX NIFTY AS WELL AS THE PRE MARKET 15 MINUTES WILL ADD THEIR AS USUAL QUOTA OF DAILY AMUSEMENTS. AFTER THE INITIAL UNRELIABLE MINUTES, A SLIDE BELOW SPOT NIFTY LEVEL OF 4727 - 4725 ZONE CAN BE USED TO MERCILESSLY SHORT FUTURES FOR GOOD INTRADAY GAINS. SIMILARLY IN CASE SPOT NIFTY SHOWS AN INTRADAY RISE ABOVE 4760-4765 ZONE THEN THERE IS A POSSIBILITY OF A SHARP UP MOVE TOWARDS WEDNESDAYS HIGHS OF SPOT 4783 TO MOVE TOWARDS 4800. EVEN A GOOD RISE MAY COME IN CASE NIFTY SUSTAINS ABOVE THE SPOT LEVEL OF 4783-4785.

WITH EVERYONE EYEING FOR A SHARP UP MOVE AFTER THE MONDAY & TUESDAY HAMMER+ GAP UP BULLISH MOVE FOLLOWED BY A REGULATION PAUSE ON WEDNESDAY, IT SEEMS NIFTY WILL BE FORCED TO REMAIN IN A FLAT ZONE WITH A NEGATIVE BIAS TILL EVERYONE LOSES INTEREST TO CONCLUDE IT AS A FALSE UP MOVE & AFTER THAT ONLY NIFTY MAY SHOW A SURPRISE ROCKET TYPE UP MOVE THROUGH A GAP UP PERHAPS NEXT WEEK.

TECHNICALLY, NIFTY IS WELL POISED FOR A SHARP UP MOVE & THIS TIME THE MOVE MAY BE WITHOUT THE INFLUENCE OF REST OF THE WORLD MARKETS AS PART OF A REASONABLE AMOUNT OF DEAD CAT BOUNCE TO PUNCTURE THE FIBO 13 MONTH OLD ENJOYMENT OF THE BEARS SINCE THE 2010 DIWALI HIGH OF 6338 TILL 20 DECEMBER 2011 LOW OF 4531. HOWEVER WHATEVER AMOUNT OF RISE NIFTY MAY SHOW, IT WILL STILL BE PART OF A DEAD CAT BOUNCE WITH THE OVERALL MEGA BEAR PHASE,TILL NIFTY DOES NOT CROSS THE MAJOR RESISTANCE LINE AROUND 5353 AND DOES NOT CLOSE ABOVE THE 50% RETRACEMENT LEVEL OF 5454. IN THE VERY SHORT TERM, A FAILURE ON THE PART OF SPOT NIFTY TO CLOSE ABOVE THE CRITICAL LEVEL OF 4840 MAY SPELL THE END GAME FOR THE BULLS AS WELL AS THE ABRUPT END TO THE MUCH HYPED DEAD CAT BOUNCE.

MARKET OUTLOOK

2012-01-04T09:09:00.000+05:30

NIFTY DISPLAYED A REMARKABLE BOUNCE AFTER THE HAMMER / DRAGONFLY DOJI OF MONDAY THAT SAW CONTINUOUS UPWARD MOVE FOR NIFTY RIGHT FROM THE START AFTER THE GAP UP ABOVE 4676. ALL THE RESISTANCES WERE SMASHED WITH VIGOROUS SHORT COVERING BY THE SCARED BEARS THAT CATAPULTED NIFTY ABOVE 4700 DURING THE FIRST HALF OF THE DAY. AFTER CROSSING THE CRITICAL 4727 FOLLOWED BY 4747 THERE WAS NO STOPPING FOR NIFTY SPOT, AS MASSIVE BUYING COUPLED WITH THE FINAL BOUT OF INTRADAY SHORT COVERING PROPELLED NIFTY SPOT TOWARDS 4772 JUST A STONES THROW FROM THE CRITICAL 4800 WHICH LOOKS AS IF IT IS GOING TO BE ENTIRELY SKIPPED ON WEDNESDAY TO STRAIGHT EYE FOR THE CRITICAL 4818 & THEN 4840 SPOT LEVELS DURING THE INITIAL MINUTES OF THE DAY.

THE HAMMER OF MONDAY FOLLOWED BY THE GAP UP AND BULLISH MARUBOZU CANDLE FORMED ON TUESDAY IS GENERALLY AN EARLY INDICATION FOR A BIGGER DEAD CAT BOUNCE THAT MAY RETEST THE 4860 TO 4868 LEVELS AROUND THE 50 DAY EMA AS WELL AS THE RESISTANCE LINE COMING FROM THE SWING HIGHS OF 2010 DIWALI TOP OF 5399 AND 7^TH DEC TOP OF 5099 AS CAN BE SEEN IN THE DAILY EOD CHART ABOVE. THIS WILL ENCOURAGE TRADERS TO BUY ON ANY MILD PAUSE OF INTRADAY CORRECTION TO SEE MUCH HIGHER LEVELS AS PART OF A BIGGER DEAD CAT BOUNCE TOWARDS IMMEDIATE TARGET OF NEXT SWING HIGH AROUND 5099 DURING THIS WEEK OR BY EARLY NEXT WEEK.

IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART ABOVE, ONE WILL NOTICE THAT SPOT NIFTY HAS REACHED THE RESISTANCE LINE JOINING THE LEVELS OF 4848, 4818 & 4800. A DECISIVE BREACH OF THIS RESISTANCE LINE AROUND 4780 WILL SEE NIFTY SPOT SKIPPING THE RESISTANCES OF 4840 TO EYE FOR THE 4921 MINI GAP FORMED BETWEEN 9 DEC & 8 DEC. THE CRITICAL LEVEL OF SPOT 4818 THE CANDLE HIGH OF 16 DECEMBER, HAS MADE AN OUT SIDE BAR TO THE CANDLE OF 15 DECEMBER. AFTER THAT NIFTY SPOT COULD NOT BREACH THIS HIGH AND COULD ONLY REACH TILL 4800 ON 27^TH DECEMBER. SO, A BREACH OF THE HIGH OF THIS OUT SIDE BAR SET UP AT 4818 CAN SEE A SHARP JUMP IN NIFTY NOT ONLY TOWARDS THE NEXT HIGH OF 4840 BUT ALSO CAN STRAIGHT LOOK TOWARDS 4921 AS THE NEXT TARGET DURING THIS WEEK ITSELF.

FOR INTRADAY TRADING ON WEDNESDAY, IF EVERYTHING RUNS AS IT IS NOW, AND THERE ARE NO CATASTROPHIC NEWS GENERATED THEN ONE MAY EXPECT ANOTHER MASSIVE GAP UP TO OPEN ABOVE THE 4800 OR ABOVE 4818 TO LOOK TOWARDS 4840 EARLY DURING THE DAY. SUSTAINING ABOVE 4840 SPOT WILL SEE THE LAST AND FINAL BOUT OF SHORT COVERING BY THE HARD CORE BEARS WHO WILL TRY THEIR BEST TO HALT THE BULLS FROM BREACHING 4818 & 4840 SPOT LEVELS. FAILURE ON THE PART OF BEARS TO STOP BULLS AT 4840 MAY SEE THE BEARS GIVING THEIR LAST BIT OF TRY AROUND THE CRITICAL LEVEL OF 4860 TO 4868 AT THE 50 DAY EMA AS WELL AROUND THE RESISTANCE LINE ABOVE WHICH BULLS THEMSELVES MAY TRY TO BOOK SOME PROFIT AROUND 4882 WHICH IS THE FIBO 61.2% RETRACEMENT LEVEL FROM THE SWING HIGH OF 5099 TILL THE LOW OF 4531.

SIMILARLY ON THE LOWER SIDE, A FAILURE ON THE PART OF THE BULLS TO SUSTAIN ABOVE 4818 OR 4840 OR 4860 MAY SEE THE BEARS GATHERING GRADUAL STRENGTH TO PULL NIFTY DOWN TOWARDS THE CRITICAL LEVELS OF 4800 FOLLOWED BY INTRADAY SUPPORT AROUND 4740. AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN ABOVE 4737 IT WILL CONTINUE TO REMAIN BULLISH LEAVING BEHIND TUESDAYS GAP LOW OF 4676 TILL MONDAYS HIGH OF 4643 TO BE FILLED UP LATER AFTER FIRST FILLING THE MINI GAP OF 8^TH & 9^TH DEC AROUND 4918 TO 4921. TRADERS MAY USE INTRADAY PAUSE OR DECLINES TO GO LONG AS LONG AS 4737 SPOT IS NOT BREACHED. TECHNICALLY THE INDICATORS HAVE TURNED BULLISH THAT THREATENS THE BEARS TO COVER THEIR SHORTS AS THERE IS A POSSIBILITY OF RETESTING OF MAJOR RESISTANCE LINE AROUND 5353 BEFORE THE AGRO BASED BUDGET CRASH IN FEB OR IN MARCH.

SPOT NIFTY ON TUESDAY HAS ALREADY BREACHED THE 20 DMA AROUND 4747 AND HAS CLOSED ABOVE IT. THE NEXT DMA OF 34 DAYS AROUND 4795 MAY BE SKIPPED TO EYE FOR THE 50 DMA AT 4922 AROUND THE MINI GAP OF 8^TH & 9^TH DECEMBER. THE WAY NIFTY HAS PICKED UP MOMENTUM UNDER THE BENIGN UMBRELLA OF ITS UNCLE DOW, THERE IS EVERY POSSIBILITY OF SPOT NIFTY TESTING AND EVEN BREACHING THE 50 DMA AROUND 4922 DURING THE CURRENT UP SWING. SUSTAINING ABOVE 4818 WILL SEE AN ACCELERATED MOMENTUM IN NIFTY SPOT. TRADERS MAY HOLD LONGS AND THE CALLS BUT SHOULD KEEP ON SHIFTING THE STOP LOSSES UPWARDS TO PROTECT THE GAINS. FAILURE TO CROSS 4818, 4840 OR 4860 CAN BE USED TO SHORT BY INTRADAY TRADERS BY HAVING STOPS ABOVE EACH OF THE NEXT RESISTANCE LEVELS .

TRADING STRATEGY & PERFORMANCE OF 3RD JANUAARY, 2012

2012-01-02T22:27:00.002+05:30

CAROLINFO:

BUY ABOVE 169.00 SL 163.20 TGT 174.2—179.20—186.20—192—199.70

TOUCH 177.00

SELL BELOW 163 SL 166.10 TGT 158.40—153.60—148.30—142.60—136

GRAVITA:

BUY ABOVE 403.5 SL 388 TGT 411.8—422.4—430.1—441—448—460.8

TOUCH 411.50

SELL BELOW 386 SL 391.10 TGT 380.2—372.5—362.6—352—341.40

TOUCH 381.40

VARUN:

BUY ABOVE 237.9 SL 226 TGT 243.2—248.3—256—261.1—269.3—276.5

TOUCH 254.40

SELL BELOW 224 SL 228.1 TGT 220—215—208—201.8—197.8—192

TOUCH 205.00

JSWSTEEL:

BUY ABOVE 538.60 SL 524.60 TGT 544—553—560.3—570.20—576

TOUCH 592.80 ((( ALL TGT ACHIEVED)))

SELL BELOW 522.20 SL 527.70 TGT 512—506.9—496.60—486.4—480

WHEELS:

BUY ABOVE 281 SL 276 TGT 285.10—291.80—296.60—300.8—307.2

TOUCH 295.00

SELL BELOW 275 SL 279.40 TGT 272—269.3—263.80—256—248.30

MARKET OUTLOOK ( 02 / 01 / 2012 )

2012-01-01T22:48:00.000+05:30

SO, FINALLY THE BEARISH YEAR OF 2011 ENDED LEAVING SOME HOPE THAT THE YEAR 2012 MAY NOT BE MUCH DIFFERENT FROM THE BEARISH YEAR OF 2011 WITH SIMILAR BOUTS OF DEAD CAT BOUNCES AFTER MAKING EVERY NEW SWING LOW AS WAS THE CASE DURING 2011. FOR THE MONTH OF JANUARY 2012 AS LONG AS SPOT NIFTY CONTINUES TO STAY BELOW 4702 OR MORE IMPORTANTLY BELOW 4756, IT WILL CONTINUE TO REMAIN WEAK AND CHANCES OF THE BREACH OF RECENT SWING LOW OF 4531 SEEMS TO BE A DISTINCT POSSIBILITY. HOWEVER IN CASE SPOT NIFTY INSTEAD OF BREACHING THE CRITICAL SUPPORT AROUND SPOT 4600, MOVES UP GRADUALLY AND BREACHES & SUSTAINS ABOVE 4757 ON ANY DAY DURING THE MONTH THEN THERE IS EVERY POSSIBILITY THAT SPOT NIFTY NOT ONLY WILL BREACH THE RECENT SWING HIGH OF 4800 REACHED ON 27^TH DECEMBER BUT ALSO IT CAN SHOOT UP TO THREATEN THE SPOT LEVEL AROUND 4848 ON THE RESISTANCE LINE COMING FROM THE 28^TH OCTOBER 2011 DIWALI HIGH OF 5400 & JOINING THE 7^THDECEMBER HIGH OF 5099.

SIMILARLY ON THE LOWER SIDE IN CASE SPOT NIFTY BREACHES THE CRITICAL SUPPORT OF 4602, THEN ONE CAN BE REASONABLY CERTAIN OF THE RETEST OF 20 DECEMBER LOW OF 4531 IN QUICK TIME TO MAKE ANOTHER SWING LOW AROUND 4444 BEFORE ANOTHER DEAD CAT BOUNCE FOR A FEW DAYS IN JANUARY TO BE FOLLOWED UP BY THE MAJOR CRASH JUST BEFORE OR AFTER THE AGRO BASED BUDGET.

FOR MONDAYS INTRADAY TRADING PURPOSE, SPOT NIFTY FINDS INITIAL SUPPORT AROUND THE CRITICAL LEVEL OF 4600, A BREACH OF WHICH OR MORE IMPORTANTLY SUSTAINING BELOW WHICH ONE MAY SEE A STONE LIKE FALL TOWARDS THE DECEMBER MONTH LOWS OF 4531 TO BREACH IT IN A DAY OR TWO IN ORDER TO PREPARE THE BULLS FOR A DEAD CAT BOUNCE. HOWEVER OTHER THAN THE INITIAL FEW MINUTES OF ERRATIC MOVEMENTS, IN CASE SPOT NIFTY MANAGES TO SUSTAIN ABOVE 4636 THEN THERE IS A POSSIBILITY OF ANOTHER 20 TO 25 POINTS OF SUDDEN SPURT THAT MAY SEE SPOT NIFTY REACHING THE LEVEL OF 4656 TO 4660 WHICH IS AROUND THE 61.8% FIBO RETRACEMENT LEVEL COUNTED FROM FRIDAYS HIGHS TO LOWS. IN CASE BULLS MANAGE TO KEEP SPOT NIFTY ABOVE THE 4656 TO 4660 ZONE THAN ONE WILL OBSERVE EMERGENCE OF INITIAL BOUT OF SHORT COVERING TO PROPEL NIFTY TOWARDS THE FRIDAYS HIGHS OF 4688 TO 4690.

IF ONE HAS A CLOSER LOOK AT THE 30 MINUTES CHART OF SPOT NIFTY ABOVE, THEN ONE WILL NOTICE THAT SPOT NIFTY IS CONFINED WITHIN A DOWN SLOPPING CHANNEL WITH ITS LOWS BEING TESTED BY SPOT NIFTY ON EACH OF THE INTRADAY FALLS. SO IF NIFTY HAS TO MOVE UP THEN IT HAS FIRST AVOID TOUCHING THE LOWER CHANNEL, THEN MOVE UP TO BREACH THE UPPER CHANNEL AROUND 4676 TO SUSTAIN ABOVE IT. ONLY A BREACH OF THE UPPER CHANNEL AROUND 4670 TO 4676 ZONE FOLLOWED BY A DECISIVE BREACH OF 4688 TO 4690 CAN MAKE THE BULLS AGGRESSIVE TO BULLDOZE PAST THE FIRST MAJOR HURDLE OF 4702 TO INDUCE SOME MORE OF SHORT COVERING TOWARDS HIGHER LEVELS.

A FAILURE ON THE PART OF THE BULLS TO PENETRATE THE UPPER CHANNEL AROUND 4670 TO 4676 ZONE WILL SEE THE RE-EMERGENCE OF BEAR POWER TO PULL NIFTY DOWN AGAIN TOWARDS THE LOWER CHANNEL OR EVEN LOWER THAN 4600. SO, INTRADAY TRADERS MAY PLAN TO GO LONG INITIALLY ABOVE 4636 AND MORE LONGS BE ADDED ABOVE 4676 AND 4690. SIMILARLY INTRADAY SHORTERS MAY INITIATE SHORTS IN CASE SPOT NIFTY FAILS TO CROSS EACH OF THE RESISTANCES OF 4636, 4676, 4690 WITH MORE SHORTS IF SPOT NIFTY SLIDES BELOW 4600. WITH STOP LOSS SUITABLY PLANTED ABOVE EACH OF THESE RESISTANCES. ALTHOUGH DIVERGENCE HAS BEEN GENERATED IN THE INTRADAY INDICATORS AS CAN BE SEEN IN THE CHART ABOVE, THE DIVERGENCES DO NOT IN ANY CASE GUARANTY AN IMMEDIATE REVERSAL FROM BEARISHNESS TO BULLISHNESS ALTHOUGH IT INDICATES THAT THE IMPENDING REVERSAL IS NOT VERY FAR OFF FROM THE PRESENT LOWS.

MARKET OUTLOOK

2011-12-22T10:33:00.000+05:30

AS EXPECTED AFTER 5 CONSECUTIVE DAYS OF MEGA FALLS THE MARKETS BECAME BULLISH ON WEDNESDAY WITH A MEGA RISE OF 500+ POINTS IN SENSEX AND 150 POINTS IN NIFTY MOST OF THE RISE COMING DURING THE LAST HOUR OF THE DAY INDICATING THAT MASSIVE SHORT COVERING CAME INTO PLAY AFTER SPOT NIFTY MANAGED TO STAY ABOVE THE NECK LINE OF 4650 4660 LEVELS. ALTHOUGH AFTER A BIG RISE IN WORLD MARKETS, ONE MAY EXPECT A PAUSE, YET THE PRICE ACTION OF WEDNESDAY CLEARY SUGGESTS A LOT MORE STEAM LEFT IN NIFTY FOR FURTHER UP MOVE AS PART OF THE DEAD CAT BOUNCE. AFTER A BIG RISE OF DOW BY 337 POINTS ON TUESDAY NIGHT, IT HAS TAKEN A PAUSE BY REMAINING FLAT ON WEDNESDAY NIGHT THAT MAY DAMPEN THE BULLISH SENTIMENTS IN MOST OF THE ASIAN MARKETS AFTER SUCH A THUMPING RISE ON WEDNESDAY. HOWEVER THE PAUSE MAY BE USED TO BUY FOR FURTHER GAINS AFTER THE PAUSE IS OVER.

FOR THURSDAYS TRADING, THE OPENING MAY BE IN LINE WITH THE REST OF THE ASIAN MARKETS BUT AFTER THE INITIAL MINUTES OF OPENING, INDIAN MARKET MAY DRAW ITS OWN COURSE OF ACTION THAT IS IT MAY MOVE UP AFTER THE PAUSE OR INITIAL CORRECTION. THE RISE ON WEDNESDAY HAS MADE A WIDER REVERSE HEAD & SOLDER PATTERN IN THE TWO DAY INTRADAY CHARTS WITH THE HEAD AT THE TUESDAYS LOWS OF 4531 AND THE NECK LINE AROUND 4650 THUS INDICATING THAT ANOTHER 120 POINT RISE FROM THE NECK LINE OF 4650 TOWARDS 4775 SPOT LEVELS IS VERY MUCH ON THE CARDS IN A DAY OR TWO. SO, AN INTRADAY CORRECTION TOWARDS THE NECK LINE OF 4650 OR A BIT LOWER LEVELS MAY BE USED TO BUY FOR GOOD GAINS WITH STOP LOSS BELOW 4600 LEVELS TO REVERSE & RESORT TO RUTHLESS SHORTING AGAIN.

THE CANDLE SET UP ON THE DAILY EOD CHARTS INDICATES FURTHER UP MOVE AS THE TUESDAYS CANDLE WAS AN OUT SIDE DAY AND WEDNESDAYS CANDLE HAS CROSSED THE HIGH OF THE OUT SIDE BAR OF TUESDAY AT 4637 TO MAKE A NEW HIGH AT 4707, BUT WHAT IS MORE IMPORTANT IS THAT WEDNESDAYS CANDLE HAS CLOSED AT 4693 MUCH HIGHER THAN THE HIGH OF THE OUT SIDE BAR SET UP FORMED ON MONDAY & TUESDAY. THIS IS A BULLISH SIGNAL FOR FURTHER UP MOVE AFTER A LIKELY PAUSE. AS CAN BE SEEN IN THE DAILY EOD CHART OF SPOT NIFTY ABOVE, ONE WILL NOTICE THAT NIFTY IS CONFINED WITHIN A REGULAR DOWN SLOPPING CHANNEL AND ON WEDNESDAY NIFTY HAS TOUCHED THE UPPER CHANNEL AT 4707. A MINOR AMOUNT OF PUSH ABOVE THE UPPER CHANNEL AT 4710 MAY GENERATE ANOTHER BOUT OF SHORT COVERING THAT MAY SEE NIFTY MOVING UP TO SHOOT PAST THE UPPER EDGE OF THE CHANNEL TOWARDS MUCH HIGHER LEVELS.

THE INDICATORS IN THE DAILY CHART STILL LOOK HIGHLY OVERSOLD IN SPITE OF THE MEGA RISE ON WEDNESDAY THAT ENCOURAGES BULLS TO BUY THE DECLINES FOR MUCH BIGGER RISE ONCE THE UPPER CHANNEL AROUND 4710 IS DECISIVELY BREACHED AND NIFTY SUSTAINS ABOVE IT. 20 DAY EMA IS AROUND 4775 & 50 DAY EMA IS AROUND 4882 WHICH TOO IS THE FIBO 61.8% RETRACEMENT FROM THE 7TH DEC SWING HIGH OF 5099 TILL 20 DEC SWING LOW OF 4531. IN CASE THE MARKETS MOVE UNDER THE BENIGN UMBRELLA OF DOW, THEN THERE IS EVERY POSSIBILITY OF SPOT 4882 BEING RETESTED OR EVEN BREACHED BY THIS EXPIRY FOR MUCH HIGHER LEVELS TOWARDS 5000+ LEVELS AFTER THE INITIAL HURDLE OF 4774 IS DECISIVELY BREACHED BY NIFTY THIS WEEK. SUPPORTS FOR SPOT NIFTY ARE AROUND 4678,4668,4655 FOLLOWED BY 4646. INTRADAY RESISTANCES ARE AROUND 4710, 4750, 4774 & 4788.

2011-12-21T15:38:00.000+05:30

TUESDAY SAW NIFTY FALLING FOR THE 5TH CONSECUTIVE DAY AND THE FALLS WERE BIG FALLS. AFTER MAKING THE SWING HIGH OF 5099 ON 7THDECEMBER, FROM 8TH DEC ONWARDS DURING THE LAST NINE TRADING DAYS, NIFTY HAS FALLEN FOR EIGHT DAYS THAT SHOWS HOW THE FOREIGN PLAYERS WHO ARE GIVEN SON IN LAWS TREATMENT IN INDIA ARE RELENTLESSLY SELLING INDIAN MARKETS. ONE SHOULD BE REASONABLY SURE THAT AS LONG AS THESE FOREIGN PLAYERS,HEDGE FUND AND ETFS ARE PERMITTED TO TRADE IN INDIA NO INDIAN INVESTOR WILL BE ABLE TO MAKE ANY MONEY IN INDIAN STOCK MARKETS. DAYS ARE NOT FAR OFF WHEN THESE FOREIGN PLAYERS WILL PROVE INDIAN MARKETS ARE THE WORST EQUITY MARKETS IN THE WORLD & HIGHLY VULNERABLE FOR INVESTMENT.

ON TUESDAY, THE WAY INDIAN MARKETS WERE TAKEN UP TO A DAYS HIGH OF 4637 ABOVE MONDAYS HIGH OF 4623 TO BE PULLED DOWN DURING THE LAST HOUR TO A DAYS LOW OF 4531 TO CLOSE AT 4545 BELOW MONDAYS LOW OF 4555 IS A CLEAR INDICATION AS TO HOW MARKET MANIPULATORS ARE PERMITTED TO PLAY WITH INNOCENT INDIAN INVESTORS HARD EARNED MONEY EVERYDAY. THERE IS NO FUNDAMENTAL OR TECHNICAL REASON FOR INDIAN MARKETS TO FALL SO BADLY WHEN REST OF THE WORLD MARKETS ARE PERFORMING MUCH BETTER. ALTHOUGH TECHNICALLY THE MARKETS LOOK HIGHLY OVERSOLD FOR A REASONABLE BOUNCE, YET THE WAY INDIAN MARKETS ARE MANIPULATED BY THE FOREIGN MARKET MANIPULATORS, AFTER A DEAD CAT BOUNCE ONE SHOULD NOT BE SURPRISED TO FIND INDIAN MARKETS BREACHING LAST BEAR MARKET LOWS OF 2252 NIFTY LEVELS TO SEE 2000 TO 2020 SPOT NIFTY LEVELS DURING 2012 OCTOBER.

IF ONE HAS A CLOSER LOOK AT THE DAILY EOD CHART ABOVE, ONE WILL FIND THAT NIFTY IS CONFINED WITHIN A PERFECT LONG TERM DOWN SLOPPING CHANNEL THE EXTREMITIES OF WHICH ARE TOUCHED BY NIFTY AT REGULAR INTERVALS. PRESENTLY NIFTY IS VERY NEAR TO THE LOWER BOUNDARY OF THE CHANNEL AROUND 4500 OR 4450 AND ONE SHOULD NOT BE SURPRISED TO SEE NIFTY BOUNCING UP EVEN BEFORE TOUCHING THE LOWER CHANNEL AS IT HAD FALLEN FROM THIS YEARS DIWALI HIGH OF 5400 WITHOUT TOUCHING THE UPPER CHANNEL. AS NIFTY IS HIGHLY OVERSOLD DURING THE DECEMBER MONTH, UNLESS THERE IS SOME CATASTROPHIC EVENT TO ADVERSELY INFLUENCE INDIAN ECONOMY, THERE IS EVERY POSSIBILITY THAT THE LOW OF 4531 MADE ON TUESDAY 20 DECEMBER MAY REMAIN THE LOW FOR NEXT FEW DAYS CLEARING THE WAY FOR A REASONABLE DEAD CAT BOUNCE.

TECHINICALLY, ALSO MOST OF THE DAILY INDICATORS LOOK HIGHLY OVERSOLD AND THERE ARE +VE DIVERGENCES IN MOST OF THE INDICATORS NOT ONLY IN THE DAILY CHARTS BUT ALSO IN THE CHATS OF LOWER TIME FRAMES OF 60, 30 AND 15 MINUTES. WHEN THIS HAPPENS IT GENERALLY INDICATES THAT A REVERSAL IS NOT FAR OFF. HOWEVER TRADERS & INVESTORS MUST KEEP IN MIND THAT ANY MINOR REVERSAL OR DEAD CAT BOUNCE WILL BE WITHIN THE OVERALL AMBIT OF THE MEGA BEAR MARKET THAT IS CONTINUING SINCE THE HIGH OF 6338 THE DIWALI HIGH OF NOV 2010 AND NIFTY WILL TEST THE 61.8% FIBO LEVEL OF 3812 AFTER THE 2012 BUDGET WITH HALTS AT 50% SUPPORT AROUND 4295. THESE LEVELS ARE CALCULATED FROM THE LAST BEAR MARKET LOW OF 2252 ON 27TH OCT 2008 AND THE LAST BULL MARKET HIGH OF 6338 ACHIEVED ON DIWALI 2010. SO, TILL SUCH TIME NIFTY DOES NOT MOVE UP TO BREACH THE UPPER CHANNEL ABOVE 5350 AND DOES NOT CROSS THIS YEARS DIWALI HIGH OF 5400 TO CLOSE ABOVE IT, WE WILL CONTINUE TO REMAIN IN THE LONG TERM BEAR MARKET FOR MUCH LOWER LEVELS.

FOR WEDNESDAYS TRADING, AS NIFTY HAS FALLEN SO BADLY FOR 5TH CONSECUTIVE DAY, THERE IS EVERY POSSIBILITY OF A REASONABLE BOUNCE. THE HIGHLY BULLISH CLOSING OF US MARKETS ON TUESDAY NIGHT & BRIGHT OPENING OF ASIAN MARKETS MAY GIVE THE RIGHT START TO INDIAN MARKETS TO RECOVER SOME OF THE BIG LOSSES IT HAS SEEN FROM THE 7TH DEC SWING HIGH OF 5099 TILL THIS TUESDAYS LOW OF 4531 IN JUST NINE TRADING DAYS. THE BIG FALL ON TUESDAY TO CLOSE AT THE BOTTOM WAS PERHAPS TO GENERATE SUFFICIENT SPACE FOR DEAD CAT BOUNCE. MOST LIKELY NIFTY WILL OPEN WITH A BIG GAP UP ABOVE THE 4600 OR EVEN ABOVE THE TUESDAYS HIGH OF 4637. IN CASE THE GAP UP IS NOT ABOVE TUESDAYS HIGHLY BEARISH ENGULFING AS WELL AS OUT SIDE CANDLE HIGH OF 4637, THEN DURING THE TRADING IT SELF NIFTY MAY CROSS THE TUESDAYS HIGH OF 4637 TO NULLIFY THE BEARISH ENGULFING CANDLE OF TUESDAY.

AS THE INDICATORS IN THE DAILY CHARTS ARE AT HIGHLY OVERSOLD LEVELS TOGETHER WITH +VE DIVERGENCES, A TRIGGER WAS NEEDED TO SPARK THE DEAD CAT BOUNCE & DOWS OVERNIGHT BIG GAIN OF MORE THAN 3% TOGETHER WITH ASIAN GIANTS BOUNCING MAY BE THE PERFECT SPARK TO IGNITE THE STORED COMPRESSED FUEL IN INDIAN MARKETS FOR A SHARP RISE ALTHOUGH IT MAY BE DUE TO MASSIVE SHORT COVERING TO BE TRIGGERED BY THE TRAPPED BEARS. BOTH PRICE PAIRS OF MONDAY-TUESDAY & LAST FRIDAY -THURSDAY BEING OUT SIDE BARS WITH SET UP HIGHS AT 4637 AND 4819, BREACH OF THE INITIAL SET UP HIGH AT 4637 AND SUSTAINING ABOVE IT WILL EASILY EYE FOR THE NEXT SET UP HIGH AT 4820 BY THIS WEEKEND ITSELF. A FURTHER PUSH BY THE BULLS UNDER THE STEROID AFFECT OF FOREIGN PLAYERS MAY EVEN PROPEL NIFTY ABOVE THE CRITICAL RESISTANCE OF 4840 THE HIGH OF 14TH DECEMBER EARLY NEXT WEEK TO SIGNAL A MUCH BIGGER DEAD CAT BOUNCE. WHATEVER RISE NIFTY MAY SEE IT WILL BE PART OF A DEAD CAT BOUNCE ONLY FOR A BIGGER FALL AFTER IT.

FOR INTRADAY TRADING ON WEDNESDAY, TRADERS MAY BUY AND HOLD THE LONGS ALONG WITH THE CALLS TAKEN ON TUESDAY. HOWEVER FOR CARRYING OVERNIGHT POSITIONS ONE MUST HEDGE WITH BUYING PUTS OF 4600 IN THE RATIO OF 2 TO 3 CALLS TO 1 PUT TO RIDE THE DEAD CAT BOUNCE. A CROSS OVER AND SUSTAINING ABOVE THE ZONE OF 4616 TO 4636 CAN SEE BIGGER MOVES FOR NIFTY DUE TO EMERGENCE OF MASSIVE SHORT COVERING & BULLS WHO WERE SUPPRESSED FOR SO MANY DAY MAY ENTER WITH A VENGEANCE ABOVE 4637 THAT MAY PROPEL NIFTY TOWARDS MUCH HIGHER LEVELS DURING THE COMING DAYS IN CASE WORLD MARKETS SPECIALLY DOW SHOWER ITS BULLISH BOUNTIES ON INDIAN MARKETS. IN CASE OF A BIGGER GAP UP ABOVE SPOT 4620, INTRADAY SUPPORTS MAY BE EXPECTED AROUND 4600, 4590 AND 4570 BELOW WHICH WEAKNESS MAY AGAIN SET IN. FOR NIFTY FUTURES TRADING PURPOSE SUSTAINING ABOVE 4632 TO 4638 MAY SEE BIGGER RISE TOWARDS 4688 OR EVEN 4700+ LEVELS IN A DAY OR TWO.

MARKET OUTLOOK

2011-12-18T12:55:00.001+05:30

TRADERS & INVESTORS MUST KEEP IN MIND THAT THE MARKETS HAVE UNDERGONE A DRAMATIC CHANGE FROM EARLIER YEARS OF 1970S & 80S WHEN THE MARKETS WERE PURE AND UNINFECTED BY EVIL FORCES . BUYERS NEARLY EQUALED THE NUMBER OF SELLERS. TECHNICAL AS WELL AS FUNDAMENTAL ANALYSTS WERE REGARDED AS SEMI GODS WHO HAD THE BEST OF TIMES THOSE DAYS, AS A FEW MARKETS MANIPULATORS WHO WERE THERE THOSE DAYS TOOK THE HELP OF THESE ANALYSTS TO MANIPULATE THE MARKETS TO A LIMITED EXTENT ONLY. BUT NOW A DAYS THE SITUATION IS ENTIRELY CHANGED. TECHNICAL & FUNDAMENTAL ANALYSIS HAVE TAKEN THE BACK SEAT WITH OPERATORS RULING THE MARKETS. ONE BIG OPERATOR IF GOES SHORT IN THE MARKETS THEN 100S OF INNOCENT INVESTORS & TRADERS LOSE THEIR ENTIRE EARNING.

WITH THE INTERNET PROVIDING ON LINE INFORMATION LIVE & EVERY TOM DICKEN HARRY HAVING TURNED A FUNDAMENTAL OR A TECHNICAL ANALYST, THE ONLY OPTION LEFT WITH THE OPERATORS AND MARKET MANIPULATORS IS TO THRIVE ONLY BY THE DECEPTION TACTICS WITH THE HUGE MONEY FLOW WHICH IN MODERN TERMS IS QUIETLY NARRATED AS FLUSH OF LIQUIDITY . SO OPERATORS ACTION, PRICE MANIPULATION , INSIDER TRADING, LIQUIDITY & DECEPTION TACTICS HAVE OCCUPIED THE DRIVERS SEATS AS MAJOR TOOLS OF MARKET ANALYSIS, LEAVING BEHIND THE TECHNICAL& FUNDAMENTAL ANALYSIS AS THE LOWEST PRIORITY TO SURVIVE AT THE MERCY OF OPERATORS & MARKET MANIPULATORS.

95% OF RESULTS ANNOUNCED BY THE VARIOUS COMPANIES NOW DAYS ARE JUST COOKED UP GIVING NO CLUE TO THE FUNDAMENTAL ANALYSTS AS TO WHAT THE HELL IS HAPPENING AROUND THE WORLD . RATING AGENCIES PLAY THE NASTY GAME OF UPGRADING OR DOWN GRADING COMPANIES BASED ON THEIR OWN POSITION IN THOSE COMPANIES, THAT IS WHY A DAY OR TWO AFTER THE ANNOUNCEMENT OF THE RATING AGENCIES THE STOCKS MOVE IN THE OPPOSITE DIRECTION, A STOCK RATED DOWN GENERALLY MOVES UP AND THE ONE RATED UPWARDS GENERALLY MOVES DOWN . MARKET SENTIMENT IS GENERATED BY INTERESTED FINANCIAL CHANNELS WHO BASED ON THEIR OWN SHORT OR LONG POSITIONS ANALYZE THE RESULTS EITHER WITH SUGAR COATED OR CHILI MIXED WORDS IN THE GUISE OF STREET EXPECTATIONS TO SUIT THEIR OWN POSITIONS.

SO, THE BEST THING FOR THE INNOCENT TRADERS AND INVESTORS IS TO BLINDLY FOLLOW THE SHORT TERM PRICE MOVEMENTS AND DO WHAT THE ACTUAL PRICE TELLS ONE TO DO TO BENEFIT OUT OF THE RAMPANT PRICE MANIPULATION BY OPERATORS SPECIALLY MASTER DOW OPERATORS WHO CONTROL THE PRICE MOVEMENT OF REST OF THE WORLD MARKETS . THE PRESENT LEVEL OF DOW AT 11644 IS SAME OR EVEN LOWER THAN THE DOW LEVELS WHICH WAS IN 1999, MEANING DOW HAS DONE NOTHING FOR LAST 12 YEARS OTHER THAN TWISTING THE TAILS OF REST OF THE WORLD MARKETS BY MOVING THESE TO GREAT HIGHS & LOWS BY THE MANIPULATIVE ACTION OF DOWS MASTER OPERATORS . INTERESTINGLY SENSEX WAS SUB 5000 IN 1999 AND NOW IS MORE THAN 3 TIMES AROUND 17090 MOST OF THE MONEY HAVING GONE INTO THE POCKETS OF MARKET OPERATORS . SO, TRADERS & INVESTORS WILL DO WELL IN ANALYZING THE LIKELY ACTION OF DOW OPERATORS & MARKET MANIPULATORS IN PREDICTING FUTURE PRICE MOVEMENTS IN ORDER TO GO LONG OR SHORT IN MODERN DAY MARKETS.

THE PRIVATELY CONTROLLED & MAFIA LINKED WEEKLY AND MONTHLY ECONOMIC DATA ANNOUNCED IN US IS THE MAIN WEAPON OF DOW OPERATORS TO MANIPULATE US MARKETS TO INFLUENCE REST OF THE WORLD MARKETS THAT GIVES A SOLID THRASHING TO THE TRADERS AND SHORT TERM INVESTORS WHO CARRY OVERNIGHT POSITIONS . IT IS THE INTRADAY TRADERS WHO ARE OUT OF THE CRUTCHES OF THE OVERNIGHT DOW PHOBIA WHICH HAS BECOME THE MAJOR FORCE IN MARKET MANIPULATION . IN ORDER TO AVOID THE INFLUENCE OF THE UNKNOWN FORCE WHICH IS THE HIGHLY MANIPULATED OVERNIGHT DOW, IT IS WISER FOR TRADERS TO CONFINE THEMSELVES TO INTRADAY TRADING ONLY TO BOOK TIMELY PROFIT OR QUIT AT A SMALL LOSS BEFORE THE OPERATORS SNATCH AWAY THE PROFITS TO CONVERT THE PROFIT INTO A LOSS & THE LOSS INTO A BIGGER LOSS.

REMEMBER, EVERY NEWS EVENT ON USA OR EUROPE WILL BE PLANNED ON HOW TO PROFIT ON MANIPULATING REST OF THE ASIAN & OTHER MARKETS. ALL THE IMPORTANT MEETINGS ON EUROPE OR USA WILL BE SUITABLY SCHEDULED TO MOVE THE MARKETS & THE OUTCOME OF ALL THE IMPORTANT EUROPEAN MEETINGS OR US ANNOUNCEMENTS WILL BE ENTIRELY BASED ON THE CONDITION OF THE MARKETS PRIOR TO IT.

MARKET OUTLOOK

2011-12-08T09:05:00.001+05:30

THE SO CALLED LUCKY 7 DAY OF WEDNESDAY 7^TH DECEMBER DID NOT OFFER ANYTHING OTHER THAN THE BREAKOUT OF THE NECK LINE AROUND 5062 TO MOVE UP TILL 5099 TO GIVE UP THE ENTIRE GAINS TO FINALLY CLOSE AROUND THE BREAKOUT POINT OF 5063. NOW THIS LEVEL OF 5099 IS HIGHLY CRITICAL WHICH NEED TO BE BREACHED, FAILING WHICH, ONE CAN BE REASONABLY SURE OF SEEING SPOT NIFTY SLIDING TO RETEST 5000 OR LOWER LEVELS BY THE WEEKEND TO FACE THE FRAUDULENT OUTCOME OF THE EUROPEAN UNION MEETING ON MONDAY MORNING. TRADERS AND INVESTORS SHOULD BE REASONABLY SURE TO SEE THE EUROPEAN LEADERS MAKING UTMOST EFFORTS TO DECLARE A MARKET LIFTING SOLUTION, THE OUTCOME OF WHICH MAY ONLY SEE THE MARKETS CRASHING FROM NEXT WEEK AFTER A DAY OR TWO OF RISE.

FOR THURSDAYS TRADING, ONE MAY EXPECT THE REPEAT OF WEDNESDAY. NIFTY AFTER THE INITIAL HITCH MAY BE TAKEN UP TOWARDS THE RETEST OF 5100 WHICH AGAIN WILL MEET WITH OPERATORS RUTHLESS SHORTING AROUND OR BEFORE REACHING THE 5100 SPOT LEVELS. TECHNICALLY SPOT NIFTY HAS SOME MORE STEAM LEFT IN IT TO MOVE UP TOWARDS THE FIBO 61.8% LEVEL OF 5109 OR 5115 WHICH WAS ALMOST REACHED ON WEDNESDAY BY NIFTY SPOT REACHING TILL 5099 LEVELS. TRADERS & INVESTORS MUST KEEP IN MIND THAT NIFTY HAS ALREADY HAD +VE CLOSINGS FOR LAST 4 DAYS AND THURSDAY MAY SEE A NEGATIVE CLOSING TO SET THE STAGE FOR ANOTHER SET OF +VE CLOSINGS.

FOR FRIDAYS INTRADAY TRADING PURPOSE, ONE CAN EXPECT SPOT NIFTY STARTING THE DAY SLUGGISHLY TO RETEST THE EXTENDED NECK LINE OF THE EARLIER GIVEN CUP-HANDLE AROUND 5040. A FAILURE TO HOLD 5040 WILL CERTAINLY SEE NIFTY SLIDING TOWARDS 5026 FOLLOWED BY 5012 & 5000. A BREACH OF EACH OF THESE SPOT LEVELS MAY BE USED TO TRADE SHORT FOR QUICK GAINS WITH A STOP LOSS. SIMILARLY ON THE HIGHER SIDE ONE MAY FIND INITIAL RESISTANCE AROUND 5066 FOLLOWED BY 5080 A BREACH OF WHICH MAY SEE SPOT NIFTY BEING CATAPULTED TOWARDS WEDNESDAYS HIGH OF 5099. IN ANY CASE NIFTY IS CONFINED WITHIN A RISING CHANNEL WITH HIGHS AROUND 5100 TOWARDS 5150 & LOWS AROUND 5000 TOWARDS 5040.

MOST LIKELY NIFTY WILL BE MANAGED TO TRADE WITHIN THIS CHANNEL LOW OF 5000 AND HIGH OF 5150 TILL FRIDAY END WITH A MILD OR NEGATIVE BIAS. TILL SUCH TIME THE CRITICAL LEVEL OF 5100 IS NOT DECISIVELY BREACHED & NIFTY DOES NOT SUSTAIN ABOVE IT, ONE MAY EXPECT A REPEAT OF WEDNESDAY TO SEE NIFTY FALLING TO CLOSE FLAT OR MILD. BREACH OF EACH OF THE RESISTANCE LEVEL OF 5066, 5080 CAN BE USED TO TRADE LONG WITH A STOP LOSS BY INTRADAY TRADERS FOR QUICK GAINS. HOWEVER A DECISIVE BREACH OF 5099 CAN SEE BIGGER GAINS FOR SPOT NIFTY AS IT MAY TAKE NIFTY SPOT TOWARDS 5150 SURPASSING THE INITIAL FIBO 61.8% LEVEL OF 5109-5115 BY THE MERE STRENGTH OF SHORT COVERING.

ALTHOUGH THE OUTCOME OF FRIDAYS FRAUDULENT EUROPEAN UNION MEETING WILL IMPACT STOCK MARKETS ACROSS THE WORLD FOR NEXT 2 DAYS ONLY, YET ONE CAN TAKE ADVANTAGE OF IT BY BUYING PUTS OF 5000 ON MARKET RISE ABOVE 5100 TOWARDS 5150 (IF AT ALL DOW OPERATORS ALLOW NIFTY TO MOVE TOWARDS 5150). SIMILARLY ON INTRADAY DECLINES LIKE WEDNESDAY ONE MAY BUY CALLS OF 5100 AND CARRY BOTH THE SETS OF CALLS AND PUTS TO FACE THE FRAUDULENT OUTCOME OF THE EUROPEAN MEETING ON MONDAY MORNING. MOST LIKELY THE OUTCOME WILL BE EXACTLY OPPOSITE TO WHAT THE FINANCIAL NEWS CHANNELS WILL BE SAYING FOR THE COMING TWO DAYS TO TRAP INNOCENT INVESTORS & TRADERS.

TRADING STRATEGY & PERFORMANCE OF 8TH DECEMBER, 2011

2011-12-07T15:43:00.000+05:30

SSWL:

BUY ABOVE 205.90 SL 195.70 TGT 209.8—214.20—217.30—221.80—227.30

TODAY TOUCH 241.00

SELL BELOW 195 SL 198.10 TGT 192—186.2—179.2—174.2—169—163.6

SHOPERSTOP:

BUY ABOVE 368.60 SL 356 TGT 376—384.6—391.4—399.4—407—416

SELL BELOW 355 SL 358.40 TGT 350.5—341.4—332.20—320—310.40—304

TODAY TOUCH 343.35

TDPOWERSYS:

BUY ABOVE 244.80 SL 233.60 TGT 248.30—256—261.1—269.3—276.5

TODAY TOUCH 259.95

SELL BELOW 233 SL 237.60 TGT 227.3—221.8—214.2—205.9—199.7—192

SRTRANSFIN:

BUY ABOVE 572.10 SL 558.10 TGT 576—583.7—593.3—601.9—608

TODAY TOUCH 583.00

SELL BELOW 557 SL 561 TGT 553—544—538.60—527.70—512

SUNTV:

BUY ABOVE 294.90 SL 288.60 TGT 300.80—307.20—313.10—320

TODAY TOUCH 298.30

SELL BELOW 288 SL 291.80 TGT 285.10—280.20—276.50—272—269.30

TRADING STRATEGY FOR 8TH DECEMBER, 2011

2011-12-06T21:31:00.000+05:30

SSWL:

BUY ABOVE 205.90 SL 195.70 TGT 209.8—214.20—217.30—221.80—227.30

SELL BELOW 195 SL 198.10 TGT 192—186.2—179.2—174.2—169—163.6

SHOPERSTOP:

BUY ABOVE 368.60 SL 356 TGT 376—384.6—391.4—399.4—407—416

SELL BELOW 355 SL 358.40 TGT 350.5—341.4—332.20—320—310.40—304

TDPOWERSYS:

BUY ABOVE 244.80 SL 233.60 TGT 248.30—256—261.1—269.3—276.5

SELL BELOW 233 SL 237.60 TGT 227.3—221.8—214.2—205.9—199.7—192

SRTRANSFIN:

BUY ABOVE 572.10 SL 558.10 TGT 576—583.7—593.3—601.9—608

SELL BELOW 557 SL 561 TGT 553—544—538.60—527.70—512

SUNTV:

BUY ABOVE 294.90 SL 288.60 TGT 300.80—307.20—313.10—320

SELL BELOW 288 SL 291.80 TGT 285.10—280.20—276.50—272—269.30

TRADING STRATEGY & PERFORMANCE OF 5TH DECEMBER, 2011

2011-12-05T15:43:00.000+05:30

ADANIENT:

BUY ABOVE 339.50 SL 328 TGT 348.50—352—358.4—362.60—368.60

TODAY TOUCH 352.90

SELL BELOW 326.40 SL 332.20 TGT 320—316.8—310.4—304—296.60

SBIN:

BUY ABOVE 1892.3 SL 1852.3 TGT 1920—1945.6—1966.1—1986.6—2027.5

TODAY TOUCH 1917.00

SELL BELOW 1843.2 SL 1862.4 TGT 1818.3—1792—1774.1—1752.3—1738.2

PRAKASHCON:

BUY ABOVE 230.40 SL 221.80 TGT 237.60—243.20—248.30—256—263.8

TODAY TOUCH 237.75

SELL BELOW 221 SL 224 TGT 217.30—211.20—205.90—199.70—192

LOVABLE:

BUY ABOVE 395.50 SL 385 TGT 403.50—408.90—416—422.40—428.50

SELL BELOW 384 SL 388 TGT 380.2—372.5—368.6—362.6—352

TODAY TOUCH 376.45

APOLLOHOSPITAL:

BUY ABOVE 672 SL 661 TGT 682.9—697—716.8—737.30—760.3

TODAY TOUCH 716.90

SELL BELOW 659.20 SL 664.40 TGT 652.8—640—626.2—608—593.30

TRADING STRATEGY FOR 5TH DECEMBER, 2011

2011-12-05T00:05:00.001+05:30

ADANIENT:

BUY ABOVE 339.50 SL 328 TGT 348.50—352—358.4—362.60—368.60

SELL BELOW 326.40 SL 332.20 TGT 320—316.8—310.4—304—296.60

SBIN:

BUY ABOVE 1892.3 SL 1852.3 TGT 1920—1945.6—1966.1—1986.6—2027.5

SELL BELOW 1843.2 SL 1862.4 TGT 1818.3—1792—1774.1—1752.3—1738.2

PRAKASHCON:

BUY ABOVE 230.40 SL 221.80 TGT 237.60—243.20—248.30—256—263.8

SELL BELOW 221 SL 224 TGT 217.30—211.20—205.90—199.70—192

LOVABLE:

BUY ABOVE 395.50 SL 385 TGT 403.50—408.90—416—422.40—428.50

SELL BELOW 384 SL 388 TGT 380.2—372.5—368.6—362.6—352

APOLLOHOSPITAL:

BUY ABOVE 672 SL 661 TGT 682.9—697—716.8—737.30—760.3

SELL BELOW 659.20 SL 664.40 TGT 652.8—640—626.2—608—593.30

TRADING STRATEGY FOR 1ST DECEMBER'2011

2011-11-30T23:02:00.001+05:30

HDFC :

BUY ABOVE 645 SL 633.60 TGT 652.80----659.20---664.40---675.80

SBIN:

BUY ABOVE 1774.10 SL 1738.20 TGT 1792---1818.30----1843.20---1862.40

RELIANCE:

BUY ABOVE 783.80 SL 768 TGT 791----798.70----807----815.40----823.70

HDFCBANK:

BUY ABOVE 444.10 SL 438.10 TGT 448---454.60----460.80----467.30----475.20

FEDERAL BANK :

BUY ABOVE 359.40 SL 352 TGT 364.60---368.60---373.40---380.20----384.60

JINDALSTEEL& POWER:

BUY ABOVE 506.90 SL 494.40 TGT 512----522.20---527.70----538.60---553

SUN PHARMA:

BUY ABOVE 527.70 SL 517.10 TGT 532.40---538.60---544---553---560.30

TRADING STRATEGY & PERFORMANCE OF 23RD NOVEMBER, 2011

2011-11-23T00:56:00.002+05:30

TATA COFFEE:

BUY ABOVE 791 SL 778 TGT 798.7—807—815—823.70—832

SELL BELOW 775 SL 782.10 TGT 768—760.30—745—737.30—725.10

TODAY TOUCH 763.55

PERSISTANT:

BUY ABOVE 326.40 SL 320 TGT 329.6—332.2—337.9—341.40—348.5

SELL BELOW 319.60 SL 323.10 TGT 316.8—310.4—305.5—301—296.6

TODAY TOUCH 316.25

PRAKASHCON:

BUY ABOVE 211.20 SL 205.90 TGT 215—220.5—224—230.40—237.60

SELL BELOW 205 SL 208 TGT 201.8—195.5—192—186.2—181.3—176

STOP LOSS TRIGGER

HDFC :

BUY ABOVE 640 SL 633.60 TGT 645—652.80—659.20—664.40—675.80

SELL BELOW 630 SL 636.1 TGT 626.2—620.8—614.40—608—601.9—593.30

TODAY TOUCH 615.00

TECHM:

BUY ABOVE 601.90 SL 588 TGT 608—614.4—620.8—626.2—633.6

SELL BELOW 583.70 SL 589.80 TGT 576—570.2—560.30—553—544

TODAY TOUCH 570.00

TRADING STRATEGY & PERFORMANCE FOR 17TH NOVEMBER, 2011

2011-11-16T21:47:00.004+05:30

ABIRLANUVO:

BUY ABOVE 921.60 SL 909.20 TGT 934.60—950.40—972.80—993.30—1005.90

SELL BELOW 906.90 SL 914 TGT 896—887—881.9—876.20—869.10

TODAY TOUCH 901.25

TATACOFFEE:

BUY ABOVE 821.10 SL 813 TGT 827—832—839.20—844.80—857

TODAY TOUCH 842.00

SELL BELOW 807 SL 815.40 TGT 802—798.7—791—782.10—768

TODAY TOUCH 795.25

PANTALOONR:

BUY ABOVE 170.70 SL 163.20 TGT 176—181.30—186.20—192—197.8—203.5

TODAY TOUCH 191.50

SELL BELOW 162.90 SL 165.60 TGT 158.40—153.60—150.4—144—138.20

BFUTILITY:

BUY ABOVE 434.60 SL 427 TGT 441—448—454.60—460.8—467.30—475.20

STOP LOSS TRIGGER

SELL BELOW 425 SL 430.10 TGT 421.5—416—411.80—407.7—403.5

TODAY TOUCH 411.70

FEDERALBANK:

BUY ABOVE 386 SL 380 TGT 391—395.5—399.4—403.5—407.7—411.8

TODAY TOUCH 390.00

SELL BELOW 378.60 SL 382.60 TGT 372.50—368.60—362.60—358.4—352

JUBLFOOD:

BUY ABOVE 772.10 SL 748 TGT 791—807—823.70—832—844.8—857

TODAY TOUCH 793.00

SELL BELOW 745 SL 751 TGT 737.3—725.1—716.8—704—697—682.90

TRADING STRATEGY & PERFORMANCE OF 11TH NOVEMBER, 2011

2011-11-11T16:06:00.000+05:30

DYNAMATECH:

BUY ABOVE 1255.7 SL 1221.1 TGT 1267.2—1280—1290.1—1305.6

SELL BELOW 1216 SL 1228.80 TGT 1203.8—1186.6—1167.4—1152

TODAY TOUCH 1202.70

MCDOWELL:

BUY ABOVE 918.10 SL 896 TGT 931.20—950.4—972.80—993.30—1005.9

SELL BELOW 892 SL 902.4 TGT 882.7—869.1—857—844.8—832—823.7

TODAY TOUCH 820.30 ((( ALL TGT ACHIEVED))))

ADVANTA:

BUY ABOVE 448 SL 430.1 TGT 460.8—475.2—486.4—496.6—506.9

TODAY TOUCH 462.05

SELL BELOW 428.5 SL 434.6 TGT 422.4—416—407.7—399.4—384

INSECTICID:

BUY ABOVE 407.70 SL 397 TGT 411.8—416—422.4—428.5—434.60

TODAY TOUCH 417.00

SELL BELOW 395.50 SL 400.10 TGT 391—384—380.2—372.5—362.6

JYOTHYLAB:

BUY ABOVE 152 SL 147.40 TGT 156.6—160—166.1—170.7—176

SELL BELOW 146 SL 150 TGT 142.6—138.—134.6—130.6—126.7

TODAY TOUCH 137.00

FLEXITUFF:

BUY ABOVE 285.10 SL 280 TGT 291.80—296.60—301—307.20—313.10

TODAY TOUCH 293.90

SELL BELOW 279 SL 282.60 TGT 272—269.3—263.8—256—250.50

PRESENT DAY MARKET ENVIRONMENT

2011-11-10T01:54:00.001+05:30

WITH THE INTERNET PROVIDING ON LINE INFORMATION LIVE & EVERY TOM DICKEN HARRY HAVING TURNED A FUNDAMENTAL OR A TECHNICAL ANALYST, THE ONLY OPTION LEFT WITH THE OPERATORS AND MARKET MANIPULATORS IS TO THRIVE ONLY BY THE DECEPTION TACTICS WITH THE HUGE MONEY FLOW WHICH IN MODERN TERMS IS QUIETLY NARRATED AS FLUSH OF LIQUIDITY . SO OPERATORS ACTION, PRICE MANIPULATION , INSIDER TRADING ,LIQUIDITY & DECEPTION TACTICS HAVE OCCUPIED THE DRIVERS SEATS AS MAJOR TOOLS OF MARKET ANALYSIS, LEAVING BEHIND THE TECHNICAL& FUNDAMENTAL ANALYSIS AS THE LOWEST PRIORITY TO SURVIVE AT THE MERCY OF OPERATORS & MARKET MANIPULATORS.

95% OF RESULTS ANNOUNCED BY THE VARIOUS COMPANIES NOW DAYS ARE JUST COOKED UP GIVING NO CLUE TO THE FUNDAMENTAL ANALYSTS AS TO WHAT THE HELL IS HAPPENING AROUND THE WORLD . RATING AGENCIES PLAY THE NASTY GAME OF UPGRADING OR DOWN GRADING COMPANIES BASED ON THEIR OWN POSITION IN THOSE COMPANIES, THAT IS WHY A DAY OR TWO AFTER THE ANNOUNCEMENT OF THE RATING AGENCIES THE STOCKS MOVE IN THE OPPOSITE DIRECTION, A STOCK RATED DOWN GENERALLY MOVES UP AND THE ONE RATED UPWARDS GENERALLY MOVES DOWN . MARKET SENTIMENT IS GENERATED BY INTERESTED FINANCIAL CHANNELS WHO BASED ON THEIR OWN SHORT OR LONG POSITIONS ANALYZE THE RESULTS EITHER WITH SUGAR COATED OR CHILI MIXED WORDS IN THE GUISE OF STREET EXPECTATIONS TO SUIT THEIR OWN POSITIONS.

SO, THE BEST THING FOR THE INNOCENT TRADERS AND INVESTORS IS TO BLINDLY FOLLOW THE SHORT TERM PRICE MOVEMENTS AND DO WHAT THE ACTUAL PRICE TELLS ONE TO DO TO BENEFIT OUT OF THE RAMPANT PRICE MANIPULATION BY OPERATORS SPECIALLY MASTER DOW OPERATORS WHO CONTROL THE PRICE MOVEMENT OF REST OF THE WORLD MARKETS . THE PRESENT LEVEL OF DOW AT 11644 IS SAME OR EVEN LOWER THAN THE DOW LEVELS WHICH WAS IN 1999, MEANING DOW HAS DONE NOTHING FOR LAST 12 YEARS OTHER THAN TWISTING THE TAILS OF REST OF THE WORLD MARKETS BY MOVING THESE TO GREAT HIGHS & LOWS BY THE MANIPULATIVE ACTION OF DOWS MASTER OPERATORS . INTERESTINGLY SENSEX WAS SUB 5000 IN 1999 AND NOW IS MORE THAN 3 TIMES AROUND 17090 MOST OF THE MONEY HAVING GONE INTO THE POCKETS OF MARKET OPERATORS . SO, TRADERS & INVESTORS WILL DO WELL IN ANALYZING THE LIKELY ACTION OF DOW OPERATORS & MARKET MANIPULATORS IN PREDICTING FUTURE PRICE MOVEMENTS IN ORDER TO GO LONG OR SHORT IN MODERN DAY MARKETS.

THE PRIVATELY CONTROLLED & MAFIA LINKED WEEKLY AND MONTHLY ECONOMIC DATA ANNOUNCED IN US IS THE MAIN WEAPON OF DOW OPERATORS TO MANIPULATE US MARKETS TO INFLUENCE REST OF THE WORLD MARKETS THAT GIVES A SOLID THRASHING TO THE TRADERS AND SHORT TERM INVESTORS WHO CARRY OVERNIGHT POSITIONS . IT IS THE INTRADAY TRADERS WHO ARE OUT OF THE CRUTCHES OF THE OVERNIGHT DOW PHOBIA WHICH HAS BECOME THE MAJOR FORCE IN MARKET MANIPULATION . IN ORDER TO AVOID THE INFLUENCE OF THE UNKNOWN FORCE WHICH IS THE HIGHLY MANIPULATED OVERNIGHT DOW, IT IS WISER FOR TRADERS TO CONFINE THEMSELVES TO INTRADAY TRADING ONLY TO BOOK TIMELY PROFIT OR QUIT AT A SMALL LOSS BEFORE THE OPERATORS SNATCH AWAY THE PROFITS TO CONVERT THE PROFIT INTO A LOSS & THE LOSS INTO A BIGGER LOSS.

TRADING STRATEGY & PERFORMANCE OF 9TH NOVEMBER, 2011

2011-11-09T15:42:00.000+05:30

APOLLOHOSP:

BUY ABOVE 578.40 SL 567 TGT 583.70—593.30—601.90—608—614.40

TODAY TOUCH 586.90

SELL BELWO 563.20 SL 570.20 TGT 558.7—553—544—538.6—527.7

TODAY TOUCH 547.15

AANJANEYA:

BUY ABOVE 449.10 SL 443 TGT 454.6—460.8—465.6—475.20—480

TODAY TOUCH 468.50

SELL BELOW 441 SL 445.10 TGT 436.8—430.10—422.40—416—411.80

TODAY TOUCH 436.60

PRAKASHCON:

BUY ABOVE 277.50 SL 267 TGT 285.10—291.80—296.60—301—307.20

TODAY TOUCH 289.10

SELL BELOW 265 SL 269.30 TGT 261.1—256—248.30—243.20—237.60

ABB:

BUY ABOVE 713.30 SL 697 TGT 722.60—737.30—745—760.30—768

TODAY TOUCH 718.50

SELL BELOW 694 SL 700.9 TGT 687—682.9—675.8—664.4—652.8

AMRUTANJAN:

BUY ABOVE 833.1 SL 817.8 TGT 839.2—844.8—857—869.1—882.7—896

TODAY TOUCH 837.55 AND THEN SL TRIGGER

SELL BELOW 815.4 SL 823.7 TGT 807—798.7—791—782.8—768—760.3

TODAY TOUCH 788.00

TIMKEN:

BUY ABOVE 243.20 SL 238 TGT 248.30—253.40—261.1—269.30—276.50

SELL BELOW 237.60 SL 240.60 TGT 233.6—227.30—221.8—215—208

TODAY TOUCH 233.50

TRADING STRATEGY FOR 9TH NOVEMBER , 2011

2011-11-08T23:28:00.001+05:30

APOLLOHOSP:

BUY ABOVE 578.40 SL 567 TGT 583.70—593.30—601.90—608—614.40

SELL BELWO 563.20 SL 570.20 TGT 558.7—553—544—538.6—527.7

AANJANEYA:

BUY ABOVE 449.10 SL 443 TGT 454.6—460.8—465.6—475.20—480

SELL BELOW 441 SL 445.10 TGT 436.8—430.10—422.40—416—411.80

PRAKASHCON:

BUY ABOVE 277.50 SL 267 TGT 285.10—291.80—296.60—301—307.20

SELL BELOW 265 SL 269.30 TGT 261.1—256—248.30—243.20—237.60

ABB:

BUY ABOVE 713.30 SL 697 TGT 722.60—737.30—745—760.30—768

SELL BELOW 694 SL 700.9 TGT 687—682.9—675.8—664.4—652.8

AMRUTANJAN:

BUY ABOVE 833.1 SL 817.8 TGT 839.2—844.8—857—869.1—882.7—896

SELL BELOW 815.4 SL 823.7 TGT 807—798.7—791—782.8—768—760.3

TIMKEN:

BUY ABOVE 243.20 SL 238 TGT 248.30—253.40—261.1—269.30—276.50

SELL BELOW 237.60 SL 240.60 TGT 233.6—227.30—221.8—215—208

TRADING STRATEGY & PERFORMANCE OF 3RD NOVEMBER, 2011

2011-11-03T15:51:00.000+05:30

THERMAX:

BUY ABOVE 477.2 SL 467.2 TGT 481.3—486.4—491.5—496.6—506.9

TODAY TOUCH 496.90

SELL BELOW 465.9 SL 469.1 TGT 461.4—454.6—448—441.4—434.6

WHEELS:
BUY ABOVE 320 SL 316 TGT 326.4—332.2—337.9—348.5—358.4

TODAY TOUCH 327.80

SELL BELOW 315 SL 319 TGT 310.4—304—296.6—288—280.2

ICRA:

BUY ABOVE 993.3 SL 959 TGT 1013.8—1024—1044.5—1066.1—1088.9

SELL BELOW 954 SL 962 TGT 945—934.6—921.6—909.2—896—887

NOT ACTIVATED

TECHM:

BUY ABOVE 626.2 SL 605.2 TGT 633.6—640—652.8—659.2—664.4

TODAY TOUCH 633.00

SELL BELOW 601.9 SL 608 TGT 593.3—583.7—576—570.2—560.3

RELINFRA:

BUY ABOVE 460.8 SL 453 TGT 465.6—475.2—480—486.4—491.5

TODAY TOUCH 467.80

SELL BELOW 451.2 SL 456.2 TGT 448—443.5—438.1—430.1—422.4

EMAMILTD:

BUY ABOVE 420 SL 416 TGT 428.5—434.6—441—448—454.6—460.8

SELL BELOW 415 SL 418.6 TGT 411.8—407.7—399.4—395.5—391

TODAY TOUCH 411.00

GRAVITA:

BUY ABOVE 550 SL 530 TGT 560.3—570.2—583.7—589.8—596.6

TODAY TOUCH 564.50

SELL BELOW 528.5 SL 533.5 TGT 522.2—512—506.9—496.6—491.5

SBI :

BUY ABOVE 1915 SL 1899 TGT 1925.1—1945.6—1966.1—1986.6—2005

TODAY TOUCH 1942.00

SELL BELOW 1890 SL 1905 TGT 1880—1869.1—1843.2—1818.3—1792

TRADING STRATEGY & PERFORMANCE OF 2ND NOVEMBER, 2011

2011-11-03T01:05:00.000+05:30

CRISIL:
BUY ABOVE 940 SL 922.9 TGT 950.4—972.8—993.3—1005.9—1013.3

TODAY TOUCH 975.00

SELL BELOW 920 SL 931.2 TGT 909.20—896—887—869.1—857—844.8

ABIRLANUVO:

BUY ABOVE 952.20 SL 931.20 TGT 960—972.8—983—993.30

TODAY TOUCH 973.90

SELL BELOW 928.20 SL 935.20 TGT 921.6—909.2—896—887—876.8

AANJANEYA:

BUY ABOVE 424.8 SL 411.8 TGT 430.1—438.1—448—460.8—467.3

SELL BELOW 411 SL 416 TGT 407.7—399.4—391—384—372.5—358.4

TODAY TOUCH 335.35

NESCO:

BUY ABOVE 648.2 SL 626.2 TGT 659.2—675.8—682.9—697—704

SELL BELOW 620.80 SL 628 TGT 614.4—601.9—589.8—576—560.3
TODAY TOUCH 610.25

PNB:

BUY ABOVE 1017.6 SL 1000 TGT 1024—1044.5—1055.4—1077.1—1088

SELL BELOW 995.3 SL 1005.9 TGT 983—972.8—960—950.4—921.6
TODAY TOUCH 966.00

ORCHIDCHEM :

BUY ABOVE 177.2 SL 170.2 TGT 181.3—186.6—192—195.5—199.4
TODAY TOUCH 180.55

SELL BELOW 169 SL 172.1 TGT 166.1—163.2—160—156.6—153.5

TRADING STRATEGY & PERFORMANCE OF 1ST NOVEMBER, 2011

2011-11-01T15:53:00.001+05:30

CORPBANK:

BUY ABOVE 428.50 SL 421 TGT 434.6—438.10—443.5—448—454.60

TODAY TOUCH 432.00

SELL BELOW 419.60 SL 423 TGT 416—411.8—407.7—403.5—395.50

BOB:

BUY ABOVE 774.40 SL 760.30 TGT 782.10—791—798.7—807—823.7

TODAY TOUCH 810.00

SELL BELOW 759 SL 768 TGT 754—745—737.3—725.1—716.8—704

CANBANK:

BUY ABOVE 468.40 SL 461.40 TGT 475.20—480—486.40—491.5—496.6

TODAY TOUCH 484.70

SELL BELOW 460.4 SL 465.6 TGT 455.8—451.2—448—443.5—438.1

BATAINDIA:

BUY ABOVE 726.90 SL 716.80 TGT 731.30—737.30—745—757.1—768

TODAY TOUCH 733.00

SELL BELOW 714 SL 719.10 TGT 709.90—704—697—691—682.90

AMRUTANJAN:

BUY ABOVE 807 SL 782 TGT 815.4—823.7—832—844.8—857—869.1

TODAY TOUCH 818.30

SELL BELOW 778 SL 784.1 TGT 771—760.3—745—737.3—725.1—716.8

MARUTI:

BUY ABOVE 1130 SL 1105.90 TGT 1140.50—1152—1167.40—1179.50

TODAY TOUCH 1135.55

SELL BELOW 1098 SL 1108TGT 1088—1077.1—1055.4—1044.5—1024

INDIANBANK:

BUY ABOVE 218.40 SL 214.20 TGT 224—230.4—237.60—243.20—248.5

SL TRIGGER ( TOUCH & GO )

SELL BELOW 213.80 SL 217.30 TGT 208—203.5—199.7—195.5—190.1

IPCALAB:

BUY ABOVE 256 SL 248.30 TGT 261.1—264.60—269.30—276.5—280.2

TODAY TOUCH 277.35

SELL BELOW 247.2 SL 251 TGT 243.2—237.6—233.6—227.30—221.8

TRADING STRATEGY & PERFORMANCE OF 31ST OCTOBER, 2011

2011-10-31T15:46:00.000+05:30

RELINFRA:

BUY ABOVE 465.90 SL 457 TGT 475.2—480—486.4—491.5—496.6

TODAY TOUCH 472.00

SELL BELOW 456 SL 460.8 TGT 451.2—443.5—434.6—428.5—422.4

TODAY TOUCH 453 AND THEN SL TRIGGER

JSWSTEEL:

BUY ABOVE 668.10 SL 647.10 TGT 675.8—682.9—697—704—716.8

SELL BELOW 645 SL 652.8 TGT 640—633.6—620.8—608—601.9—593.3

NO MOVEMENT :: IN BETWEEN BUY AND SELL LEVEL

PRAKASHCON:

BUY ABOVE 227.3 SL 217.3 TGT 237.6—248.5—261.1—272—280.2

TODAY TOUCH 238.90

SELL BELOW 215 SL 221.8 TGT 208—201.8—192—184.3—176—169

TATASL:
BUY ABOVE 486.4 SL 479.4 TGT 491.5—496.60—506.9—512—522.2

SELL BELOW 477 SL 481.3 TGT 473—467.3—460.8—454.6—448

STOP LOSS TRIGGER

JINDAL STEEL:

BUY ABOVE 583.7 SL 575.7 TGT 589.8—596.4—602.2—614.4—620.8

SELL BELOW 572.1 SL 578 TGT 560.3—553—544—538.6—527.7—512

TODAY TOUCH 560.00

ONELIFECAP:

BUY ABOVE 225 SL 214 TGT 230.4—237.6—243.2—248.5—256—261.1

TODAY TOUCH 232.95

SELL BELOW 213 SL 216.1 TGT 208—203.5—197.8—192—186.7—181.3

2011-10-26T00:54:00.000+05:30

WISH

YOU

HAPPY DIWALI

AND

JAI SHREE KRISHNA

TRADING STRATEGY & PERFORMANCE OF 21ST OCTOBER, 2011

2011-10-21T15:40:00.001+05:30

PNB:

BUY ABOVE 986 SL 976 TGT 993.30—1005.90—1013.80—1024

TODAY TOUCH 998.00

SELL BELOW 972.80 SL 980 TGT 967—960—950.40—934.60

RAYMOND:

BUY ABOVE 359 SL 352 TGT 363.60—368.60—372.5—378.6—384

TODAY TOUCH 392.30 ((( ALL TGT ACHIEVED )))

SELL BELOW 351 SL 355 TGT 348.50—343—339.50—332.20

VIPIND:

BUY ABOVE 950.40 SL 937 TGT 960—972.8—983.30—993.30—1005.9

TODAY TOUCH 963.60

SELL BELOW 935 SL 940 TGT 931—922.9—915—909.2—896

TODAY TOUCH 930.30

PRAKASHCON:

BUY ABOVE 177 SL 172 TGT 180.7—184.30—189.80—192—195.5

TODAY TOUCH 190.00

SELL BELOW 170.70 SL 174.20 TGT 167—163.6—160—156.60

TODAY TOUCH 165.00

TISCO:

BUY ABOVE 443.50 SL 435 TGT 447—451.60—454.6—460.8—465.6

SELL BELOW 433 SL 436.80 TGT 430.1—422.40—416—411.8—405.9

TODAY TOUCH 430.75

JSWSTEEL:

BUY ABOVE 589.80 SL 547 TGT 601.9—614.4—626.2—640—652.8

TODAY TOUCH 593.45

SELL BELOW 544 SL 553 TGT 538.6—522.2—512—496.6—480—467.3

BFUTILITY:

BUY ABOVE 471.60 SL 465.60 TGT 475.2—480—486.4—491.5—496.6

TODAY TOUCH 479.00

SELL BELOW 464.90 SL 468.10 TGT 461.4—456.90—451.6—448—443.5

TODAY TOUCH 452.50

TRADING STRATEGY & PERFORMANCE OF 20TH OCTOBER, 2011

2011-10-20T15:43:00.000+05:30

ABB:

BUY ABOVE 716 SL 697 TGT 725.1—737.3—745—757.1—768—782.1

SELL BELOW 694 SL 700.90 TGT 687—682.9—675.8—664.4—652.8

GUJARATGAS:

BUY ABOVE 428.50 SL 423.50 TGT 434.60—438.1—443.5—448—454.6

SELL BELOW 422.4 SL 425.5 TGT 418.6—411.8—407.7—403.5—399.4

TODAY TOUCH 412.75

OBC:

BUY ABOVE 307.2 SL 301 TGT 310.4—313.1—316.8—320—326.4

SELL BELOW 300 SL 303.1 TGT 297.2—294.4—291.8—285.1—280.2

TODAY TOUCH 298.00

LOVABLE:

BUY ABOVE 484.10 SL 480 TGT 488.3—494.4—499—506.9

SELL BELOW 479 SL 482.40 TGT 475.2—470—465.60—460.80

TODAY TOUCH 468.25

ICICIBANK:

BUY ABOVE 906.9 SL 896 TGT 910—916.6—921.40—934.60—950.4

SELL BELOW 895 SL 903.30 TGT 890—885—881.9—873.60—869.1

NOT ACTIVATED

ABAN:

BUY ABOVE 413 SL 405 TGT 418.6—422.4—428.5—434.6—438.1

SELL BELOW 403.5 SL 407.5 TGT 399.4—395.5—391—384.6—380.2

TOUCH 401.90 THEN SL TRIGGER

TRADING STRATEGY & PERFORMANCE OF 19TH OCTOBER, 2011

2011-10-19T15:54:00.000+05:30

RAYMOND:

BUY ABOVE 339.5 SL 332.2 TGT 343—348.5—352—358.4—363.6

TODAY TOUCH 349.50

SELL BELOW 332 SL 335 TGT 329.6—326.4—320—316.8—313.1

TATAELXI:

BUY ABVOE 208.6 SL 205.9 TGT 211.2—215—219.2—224—230.4

STOP LOSS TRIGGER

SELL BELOW 205 SL 208 TGT 201.8—197.8—192—186.7—181.3

FINANTECH:

BUY ABOVE 716.80 SL 704 TGT 722.60—730—737.30—745—757.1

TODAY TOUCH 730.00

SELL BELOW 702 SL 708 TGT 698—692—682.9—675.8—670—664.4

RANBAXY:

BUY ABOVE 506.90 SL 496.60 TGT 510—515.6—522.2—527.7—538.6

TODAY TOUCH 516.00

SELL BELOW 494.40 SL 499 TGT 491.5—486.4—480—475.2—470

EVERESTIND:

BUY ABOVE 169 SL 164 TGT 172.4—176—179.2—184.3—189.8

SELL BELOW 163.6 SL 165.6 TGT 160—156.6—153.4—150.5—147.4

TODAY TOUCH 160.10

PATNI:

BUY ABOVE 339.5 SL 322.2 TGT 348.5—358.4—368.6—373.4—380.2

TODAY TOUCH 344.75

SELL BELOW 320 SL 325 TGT 316.8—304—294.9—285.1—272—263.8

TRADING STRATEGY & PERFORMANCE OF 18TH OCTOBER, 2011

2011-10-18T17:01:00.000+05:30

EROSMEDIA:

BUY ABOVE 273 SL 268 TGT 276.50—279.40—285.10—291.80

TODAY TOUCH 277.00

SELL BELOW 267 SL 269.40 TGT 264.30—261.10—256—253.40

NIITECH:

BUY ABOVE 235.40 SL 230.40 TGT 239.40—243.20—248.30—253.40

TODAY TOUCH 236.70 AND SL TRIGGER

SELL BELOW 229 SL 231.60 TGT 226.50—221.80—215—211.80—205.90

TODAY TOUCH 209.15

WOCKPHARMA:

BUY ABOVE 454.60 SL 443.50 TGT 460.8—467.30—475.20—480

TODAY TOUCH 466.95

SELL BELOW 442.10 SL 446.65 TGT 438.1—430.10—422.40—416

VENKEYS:

BUY ABOVE 500.5 SL 491.5 TGT 506.9—512—522.2—527.7—538.6

TODAY TOUCH 514.90

SELL BELOW 490 SL 495 TGT 486.4—480—475.2—467.3—460.8—448

MARUTI:

BUY ABOVE 1054.70 SL 1039 TGT 1065—1077.1—1088—1105.9—1120.4

TODAY TOUCH 1064.80

SELL BELOW 1035 SL 1044.50 TGT 1024—1013.8—1005.9—993.3—983

HDFC :

BUY ABOVE 675.80 SL 670 TGT 679—682.90—691—697—704

TODAY TOUCH 677.70

PETRONET :

BUY ABOVE 164.80 SL 160 TGT 166.10—169—174.20—179.20

TODAY TOUCH 168.70

MANDHANA:

BUY ABOVE 229.40 SL 225 TGT 232.8—237.60—240—245.8—253.40

TODAY TOUCH 242.00

SELL BELOW 224 SL 226.70 TGT 221.8—217.30—214.20—208—203.5