MY NIFTY VIEWS+EQUITY+FUTURES+OPTIONS CALLS-Mrs.G.V

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From : Mrs Gopal Vadivukkarasi at 01:50 PM - Jun 24, 2011 ( )

From : Mrs Gopal Vadivukkarasi at 05:27 AM - Jun 24, 2011 (8 hours ago)

Nifty spot for 24th June:

Daily pivot=5301

Rising trendline support=5271

Neckline resistance=5378

Breakdown of neckline was at=5356

Upper range=(5342-5363)

Lower range=(5277-5298)

My advice=Book full profit in long at 5356 and go short at 5356 keeping 5379 as stoploss.

Sorry friends,I faultered in my chart reading of Head and shoulder pattern with target around 4100,today morning you would have made a loss of 23 points on short side.

I think "I can't concentrate on market because of workload",so I prefer to stay out,which will prevent from losses made by friends following me.

Thanks once again for all your support.

I will be visiting Mudraa regularly for gaining knowledge from Mudraa analyst.

Signing off for timebeing.

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From : L.n. Bansal at 12:20 PM - Jun 24, 2011 ( )

This Message is deleted by L.n. Bansal.

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From : Sim Stanley at 12:17 PM - Jun 24, 2011 ( )

Did I draw the Neckline correctly, since Nifty crossed 5400 I see neckline is broken

Fig: Neckline

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From : Sim Stanley at 11:58 AM - Jun 24, 2011 ( )

NOW the head and shoulder formation has to be checked, if nifty does not come down and close lower

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From : Yogesh Mahale at 10:09 AM - Jun 24, 2011 ( )

Thanks Mam.......... Your views are always simple and accurate..........

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From : Harish Narayan Menon at 09:46 AM - Jun 24, 2011 ( )

MRS. GV 

THANKS A MILLION FOR ALL YOUR SUPPORT TO MUDRAAITES

CONGRATULATIONS  TO YOU n MR. GOPALJI AND THE BIG BOSS (FIL)

OUR LOVE TO YOUR SON

ALL THE BEST 

REGARDS

HNM

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From : L.n. Bansal at 09:33 AM - Jun 24, 2011 ( )

thanks.mam,

for your guidence.

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From : Mallappan Palanisamy at 09:17 AM - Jun 24, 2011 ( )

congratolations for recordbreak viewing of 200000

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From : Mrs Gopal Vadivukkarasi at 05:27 AM - Jun 24, 2011 ( )

Nifty spot for 24th June:

Daily pivot=5301

Rising trendline support=5271

Neckline resistance=5378

Breakdown of neckline was at=5356

Upper range=(5342-5363)

Lower range=(5277-5298)

My advice=Book full profit in long at 5356 and go short at 5356 keeping 5379 as stoploss,(or) if 5270 is broken on downside first book loss in long and go short at 5270 with yesterday's high 5331 as stoploss.

Target for the short trade will be below 5195 (5128-5152).

If nifty spot closes above 5378 today,i should review the Head and shoulder pattern.If I am right,we should witness a major crash in nifty today after touching 5356.Target for Head and shoulder pattern is close to 4100 but don't panic there are supports near (5128-5152) / (4842-4887) / (4440-4489).

I will take a break from here,because I need to concentrate on my son's studies.

My wishes to all Mudraa friends to "Trade safely and profitably",Take care of your health also.

Thanks for all the friends for making this thread a grand success by crossing a big milestone of 2,00,000 views.

DISCLAIMER:

KINDLY DO YOUR OWN ANALYSIS BEFORE FOLLOWING ME,PREDICTING INDIAN MARKET IS VERY DIFFICULT,I WILLNOT TAKE ANY RESPONSIBILITY FOR PROFIT OR LOSS MADE BY YOU BY FOLLOWING ME.

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From : Mahesh Phophaliya at 03:57 PM - Jun 23, 2011 ( )

G.E. Mam, Nifty has closed just above @5320 to ur given level @5319

so wts ur views now for tomorrow ?

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From : Dhiva R at 03:50 PM - Jun 23, 2011 ( )

hi GV mam,

ur view on tatasteel ?

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From : Bala Sri at 03:34 PM - Jun 23, 2011 ( )

Hi All,

Thanks Mr. Sim.

Option Pricing : 5300 strike.  Spot : 5323. Call is quoting at premium : 33 (LTP 56 minus 23) whereas put is quoting at 38+23 : 61.  This means market would not like to go with general expectation of downward correction as premium for call is less that put. I'm not sure what kind of futuristic analysis can be made of these price / Open Int Volume but my guess is market is expected to go up.

Other views most welcome.

Thanks

Bala

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From : Sim Stanley at 03:21 PM - Jun 23, 2011 ( )

dear Bala

traders r not interested to pay a premium from cmp or not Bullish about nifty

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From : Ben Benhar at 03:13 PM - Jun 23, 2011 ( )

Thanks ma'am for the update

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From : Mrs Gopal Vadivukkarasi at 03:08 PM - Jun 23, 2011 ( )

Sim ji,

Kindly correct the closing price bullishness above 5319.

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From : Sim Stanley at 03:01 PM - Jun 23, 2011 ( )

as of now we are out of trade SL 5310 on short is hit, and in long position SL 5280 not hit ( if we are long)

waiting for tomorrow levels and 5312 Closing

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From : Mrs Gopal Vadivukkarasi at 02:59 PM - Jun 23, 2011 ( )

Ben ji,

Eventhough nifty brokeout above 5310,I willnot trade it,I will wait for nifty to inch upto 5355-5370 levels and initiate short with sl above the neckline of Head and shoulder.

cmp=5314,intraday charts are showing weakness.

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From : Mrs Gopal Vadivukkarasi at 02:50 PM - Jun 23, 2011 ( )

Sim ji,

200 min Ema moving average in a 2 min chart is blind (lay man's intraday method) to find the trend,you should draw trendline in it to book profits.It willnot work in rangebound day.I think now I am clear.

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