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| From : Sivakumar R at 11:57 AM - Sep 04, 2011 ( ) |
Share it on FacebookSANDWICHED SEPTEMBER BETWEEN 4800-5200 LEVELS
All indicators reversed from oversold zone. Short term indicators are slightly overbought. Morning star formation in weekly charts is a positive signal. Monthly oscillators are still showing a certain weakness. ROC oscillator is again entered the negative zone. Global news are not encouraging. RBI Policy :Rate hike of 50 basis points is highly bearish. Option data gives confusing signals.
Posibility No.1: First trade for a break of 4900 spot. If you witness a reversal either from 4895 or from 4858 spot levels, then, Buy for the target of 5065 spot. This is what I am expecting for this week. Invalidation points: break of 4858 spot and 5078 spot.
Possibility No.2: If closes below 4858 spot, then expect a break of 4820 and then to 4790 spot. Here we can expect a reversal. Do not expect a break of 4720 spot as of now.
Possibility No.3: If you witness a reversal either from 4960 or at 4895-4870 spot, we can expect a break of 5100 spot. If closes above 5100 spot, then expect a target of 5215-5250-5350 spot. If nifty manages to fill the gap prevailing at 5323 spot, then, expect a sharp and furious downtrend. In this scenario, Nifty will certainly break 3800 spot also. This is will happen only if closes above 5100 spot. If fails to fill the gap, we can expect a reversal from 3800 spot.
Crucial level for downtrend: Close below 4820 spot. Targets:4720-4693-4538
Crucial level for Upmove : Close above 5100 spot. Targets:5178-5215-5237-5250-5330 spot.
POSSIBILITY NO.1. IS MY TRADING STRATEGY FOR THIS WEEK.
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MR.SIVAKUMAR R,
WHAT WILL BE OUR TRADING STRATEGY FOR THIS WEEK
POSSIBILITY NO.1
POSSIBILITY NO.2
POSSIBILITY NO.3
TILL NOW UR PERFRMANCE RATING IS AAA+++
I repeatedly warning that market is rising without volume and negative divergence. Everybody is trading for the upper band of 5200 levels(including me) but reversed on seeing the fall and added more shorts on seeing a break of 5105 spot.. Market rallied from 4720 to 5170. When a market is nearing its peak, we have to be extra careful with longs. I will try to give a detailed analysis on Sunday. Do not buy OTM options.
Sivakumar sir
Do not Buy here. Better holding shorts for Monday is a good option.
du to ur above message i will be in profit god bless u and ur family
i hav 5000 nifty put 8 lot at 82 and holding
siva i'm holding short from 4870 levels.... Will we get there???
Thank U
FOLLOWING YOU AND REAPING THE BENIFITS
YOU ARE VERY GOOD AT PREDICTING
Dear Shivkumar,
Nice prediction,very good. with due apology to all ,i would request the members to use simple English language to be understood by all. Here "Dip" is misunderstood by me also as"FALL".
Kindly take it sportively.
Regards and All the best for Monday.
Goodmorning sir am new in mudraa.
nice information in your page. i also got same things .
Hourly charts are showing a smart recovery shown by Nifty from the low of 4950.Every Dip is getting bought into. Only concern are the Volumes Today's Rise was backed on trade of 3,83,699 Contracts which is less than the Traded Contract in last 12 Sessions.
Rise on back of Less Volumes is a cause of concern for the strength of the Up move. As on Hourly charts we have seen a vertical rise and Negative Divergence can be seen in RSI and Stochastic.
First sign of weakness will emerge only below ...5110 spot
now i feeling upside over ............short position took @ 5110spot below n holding
sir ur information very perfct working
Dear Sim, It is not a dip. It is a fall. I expected a dip upto 5110. I clearly told to sell at 5105 spot. and it is the stoploss for the Buy. I bought at 5110. On seeing the fall, I converted at 5130 levels itself.
If a dip comes today without breaking 5178 spot today, then try to buy at low for a target of 5200 spot.
is the above statement valid or we keep short for monday
Do not Buy here. Better holding shorts for Monday is a good option.
No overnight longs recommended above 5215 spot. Slowly accumulate short positions(positional) from 5200 to 5350 spot levels. Buy at 5190 spot Target 5202-5211-5218 spot. Sell below 5105 spot for the target of 5080-5040 spot.
Safe traders do not participate in the rally above 5215 spot. If a dip comes today without breaking 5178 spot today, then try to buy at low for a target of 5200 spot.
Thanks Mr. Sivakumar, could you please explain what is this Contracting Triangle Pattern and what can be expected when this forms so.
Regards,
Rakesh.
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