A 57% absolute return in 15days---Magic of Technical Analysis

Book complete profits

Book complete profits Nifty hits 5925, 5900 call @ 37................

Book 50% profits

Nifty futures zip to 5915 5900 Call at 30 book 50% profits. a 150% gain in 2 hours...CHART POWER.

Continue to Hold long positions

Nift has opened slightly higher, but the 5900 Call hit our Stop loss level of 12.40. Our advice is to contuinue holding Nifty futures long with a stop loss of 5848. As far as the 5900 Call goes you can initiate fresh long positions with a stop loss at 8.80.

Continue to Hold Long Positions

Continue to Hold long positions in 5900 Call, also buy Nifty Futures @ 5864, wednesday could be the start of a big bang move up.

COVER SHORT POSITIONS AND GO LONG

Nifty falls to 5845 in cash and 5853 in Futures but the Put option still trading at 11 which is an extremely bullish situation, Our advice is to sell 5800 Put options at 10.50 the Current Price. Also Buy 5900 Call Options @ 14 with a stop loss of 12, it appears Nifty is getting ready for a very smart move on the upside. Nifty is most likely to move towards the 5895-2920 range.

Sell Nifty, Buy Puts

Nifty opens higher by 20 points, market ripe for selling again. Sell Nifty Futures or Buy Nifty 5800 PE @ 11.50 with a SL of 8.40.

Book Profits

Nifty Drops to 5842 Nifty Put trading at 19 cover positions recommended to buy at 12.50.

SELL NIFTY BUY PUTS

BUY Nifty December 5800 Put Option @ 12.50 SL 9.40

Nifty is likely to test the 5820-5830 range.

yesterday's day off and today's plan

Took a day off yesterday and that proved to be the right decision in hindsight as nothing much happened in the markets.
Today the SGX is suggesting a lower open for the Nifty below the 5900 levels, Nifty is now showing signs of falling down as gains are not being sustained but the range bound action dominates so we will wait for the market to open before taking a directional bet.

second stop loss of the day hit, a not so good day for  us as we lost in both trades. but that is a part and parcel of trading, keep our losses small and profits bigger.

Niranjan

Nifty Finding its feet

It appears the sideways trend from the morning which had some bearish undertone has ended and Nifty seems set to rally upwards. We recommend buying Nifty Futures @ 5945 with a SL of 5934 for option traders buy 6000 Call @ 25 SL 21.8

Nifty 6000 Call Stop loss hit, cover position with a minor loss.

Buy Nifty

Buy Nifty 6000 Call @ 29.50 SL 24.80,

dear traders,

Nifty has opened gap up on the back of strong US cues and the adoption of Banking Bill by the parliament. At this moment there is no trading call and it is wise to wait on the sidelines, and by the way be glued to the blog for further updates.
Nifty Futures has strong resistance in the 5960-5965 zone and support exists at 5920-5930 region.


Happy Trading,

Niranjan Shekhawat

Here is a recap of the performance of our calls in the past 1 week starting 11-12-2012 till today 18-12-2012. On an assumed capital of Rs.1 lakh the profit would have been Rs.32165, a 32.16% absolute return. The maximum risk on the calls was Rs.2000 which is only 2% of the capital.

book complete profits in Nifty 6000 Call a 22.

Nifty zooms to 5930 call hits 23, money doubled in an hour, book 50% profits. POWER OF THE CHARTS..... ENJOY

 

RBI disappoints by keeping CRR and Repo rate unchanged but the market is resilient suggesting upsides, we recommend buying Nifty Dec 6000 CE @ 11.40 SL 8 .

Nifty Future can be bought with a SL of 5854.

Nifty skyrockets to 5920, 6000 Call trading at 25 cover long positions. A Rs.6.50 profit for a risk of Rs.1.50.........magic of charts.

Buy Nifty 6000 CALL @ 18.50 with a Stop loss of 17. It seems Nifty can see pullback to higher levels.

COVER SHORTS @ 5880, 5800 PE(31)

Today the bearishness may continue in the Nifty future if it breaks below 5860, My advice is to wait for the markets to give us some action before taking the next trade. One should close all short positions at this moment and stay on the sidelines . We could see a smart rally also in the markets if 5900 levels are taken out, so wait and keep watching the space...

Happy Trading

Put option recommended at 17.50 touches 32 book 50% position

Nifty Future falls below 5900, book partial profits and keep the rest for a ride on this bearish slide. Happy hunting the bulls. Update sl to 5920 for all your positions. Our target for positional traders is 5820.

boring day so far as Nifty just yawns in the range of 5935-5925, well take a nap and i will sure wake u up when an opportunity strikes. That is the beauty of trading.

Niranjan

Morning thoughts

Today the market is expected to be sideways with bearish undertone, 5945-5955 remains a resistance area, we would like to wait and watch before commiting ourselves to any trade. On the downside 5915-5925 is a major support.

Happy trading

Nifty closes at 5924 after hitting a low of 5915, so the day closed with a profit of 21 points for intraday  traders while ositional traders continue to hold the shorts.

As per my studies fresh selling in markets should come after the european markets open. Option traders buy Nifty 5800 Put options at 17.50.

09.20 AM 12-12-12

Short Nifty Futures at 5945 SL 5965 Tgt 5900.

Action Plan for 12-12-12

A great date once in 100 year, our action plan also has to be special is it??
Yesterday the Nifty Futures fell from a high of 6003 all the way to 5897 before bouncing back and closing at 5931. We had a great day as we captured 60 points of this 100 point fall. Today it looks that the pressure on the downside might continue. We are looking at 5938-5950 range as a strong resistance where we may initiate frsh short trades but that would happen after some confirmations, keep watching my Facebook page and the blog for latest updates.

Guys keep commenting on my blog and facebook page for these calls as very soon the free trial will end and ur comments will make u eligible for major discounts.

Happy Trading/Investing

Niranjan Shekhawat

Nifty hits 5930 for day traders time to book profits and stay on the side lines.

NIFTY ROCKETS DOWN

Nifty hits our first target of 5940

LOW RISK SHORT IN NIFTY

Short December Nifty Futures @ 5984 SL 6004 for a target of 5940-5920.


POSITIONAL TRADERS

If Nifty Future Falls below 5920 sell with a sl of 6010 for downside targets of 5800 and much lower.


It appears that 6002.85 will be a major high for many coming weeks, any longs should be taken only if 6010 is crossed in Nifty futures and 5975 in Nifty Cash.

As can be seen in the accompanying weekly chart, Nifty has traced out an A-B-C rally within C2. The current rise has retraced 78.6% retracement and is near the top end of the channel suggesting the end of wave 2.

The daily chart shows the 5-waves within the last wave from 4760. A confirmation would be a break below the 5815 levels on Cash Nifty.

Also look at the massive divergences on the MACD.

PERFORMANCE SUMMARY

The Indian markets have been on a tear lately as many positive developments have occurred ever since Mr.Chidambaram took over as the Finance Minister; we had outlined the case of a strong upsurge in April 2012 when the Nifty was trading at around 5200 levels recommending a 15% allocation to Indian equities. Our point of contention was as pointed out in our April 2012 issue was,

 ” The logic behind our stance is that the market has been extremely strong in the face of adversity in the last few weeks, despite bad news on the front of UP elections, budget, coal scam, GAAR, rising crude prices and so on. This is a very positive sign as per our studies and the technical picture suggests that there could possibly be a 12-15% kind of rally from current levels in the coming weeks. On the Fundamental side it seems that market has taken everything on chin be it higher crude prices, GAAR and even a small positive surprise on the fundamental side could trigger a strong rally. The good news is that those fundamental factors are appearing on the horizon now.

The first reason could be a fall in oil prices which is now becoming a possibility as per our technical studies, we feel Brent crude could easily slide to 107-112$ in the next few weeks. The second reason is that the spike which we saw in bond yields in the last 2-3 days could possibly be the last attempt at 8.65 levels and they will gradually grind lower towards the 8.2-8.3 levels in the coming weeks. Also a joker in the pack could be a possible tie up between Mulayam Singh and Congress which could help government to take some actions in the time to come.

The technical picture is also corroborating to a possible upside and the sentiment amongst market participants is too negative which is normally associated with sharp rallies. Thus we recommend a tactical allocation of 15% into Indian equities at this time through NIFTY BEES, BANK BEES, L&T and DishTV”.

As time has proved that all our contentions have been proved right and the Nifty has rallied 13% from those levels and the Bank Nifty has rallied 23%.

	Current Value	Percentage Return
AGGRESSIVE PORTFOLIO	14.31	43.10
NIFTY	5931	1.12

Percentage Return is the absolute percentage return from the start Date of 1^st April 2011 to end date of 6^th December 2012

In the past 20 months since we started recommending the model portfolio (start date 1 April 2011), the model portfolio is up an absolute 41% as against a measly 1.12% return on Nifty during the same period

FOR THE COMPLETE REPORT MAIL ME AT nshekhu@gmail.com