Nifty

Reasons are only personal to FIIs.

Are you hoping that they'll share those with us ? If they would have told us - we could have gained huge profits.

 

First of all it is not a bull rally, it is just a liquidity driven rally and all of know very well from where that is coming, about doji, hanging man, I was shouting from last Friday that Nifty is getting tired and feeling so much pressure @ higher ends, on Monday I clearly mentioned @ before market closed that nifty is trying to make doji and also mentioned on Tuesday trend may change from here and if Nifty is planning to make new highs it has to sustain above 6050-6000 also mentioned the supports and to tell u the fact it is just doing that.

Right now Market is not going any where neither up nor down, Range is 6000-6260, big players just playing with new birds and loose players emotions by hitting stops both ways, now I am following only Nifty spot to trade, right now market is behaving buy in dip and sell on rise.

Exactly other than FII flows.

At least I analyze that and earned handsome money. Technical actually works in all sort of markets.

 

Dear ss,

many regards on ur critical and remarkable analysis at my request. Any how i made plus on that holding of nifty & bnifty. I will follow ur points

mangoni

 

Sir,
U make me feel honored, thank u very much, all I can say that I am doing this to help me and others and if they feel my advise valuable then it will give me more strength to keep doing the same.
Some of people compared me to "Tip Provider" but they forget that they have to pay them before having their services and I am doing this for free and even I always try to provide data to justify my views, just because those who want to learn more can take benefit of that.
Most of the time I also initiate the trade and post about my trade to make things more clear.
They people take my advise and then post some part of it by their names and for me that is too bad cause when u can't help some one then at least u should not do anything which can harm someone.
Happy trading
Keep smiling always,
Jai Mata Di.

 

Hey Sanjay, good to see your reply in this thread! Truly remarkable effort by you...

 

My pleasure, I am here only but not updating levels here only cause waiting for ignore option as I requested.

 

One anouncement from RBI drived markets to highest closure in about 3 years span and offsetting all bearish candles formed since 5 days.
What can happen after these?, Will markets continue the rally?
How is this possible on weak economic conditions; disaster rains affecting crops(Thousands of Crores of crops are damaged in AP and Orissa because of rains); higher inflation rates?
How are people driven the markets today thinking just RBI increasing Repo rates and banks parallely increasing their lending rates does make banks profit without thinking how come people take so much of loans with increased rates.
Will US markets run drive our markets too?
Are only FII driving this run and will they dump them unimaginably once they make money?

 

This is what market is, it needs a small reason to boost or to fall, stop worrying about wild moves.
Yes it can continue continue the rally but that should not be your concern instead your concern should be will I earn on rally no matter downward or upward.
Market is not driven by people only, it has driven by Big Money (smart money) along with people.

Us market and all other international market play a big role in all market and India is not exceptional.

Yes FII are flowing money but just think are they fool?

No they are not then why r they throwing money in India where all major thing in India are negative ?

Some thing is coming in future which can give them max return in Indian market as far as I think.

When u make money in market, what will be ur next step ?

Dump it, so why can't they.

I think that is all, every one is here to earn money, so don't expect they will donate their money here, neither u do nor they.

Just keep focusing on charts and u will definitely earn.

This is what I written around 11-12 AM on 29-10-13

Stock Technical Analysis
12 hours ago
Market is in wait & watch territory, so don't be long or short frm here.
Go short only below 6075 and go long only above 6155-6160.
Like · · Share

If I can find out by charts then why can't u?
Just focus and u will for sure.

Best of luck.

 

Hi,

Good post Sanjay!

The way things have moved today was beyond normal expectations. Nifty marched past 6200 mark easily post RBI policy which was in-line with expectations. Bank Nifty surged up and because of that only Nifty held 6200 mark.

Now, next stop would be at 6230 (crossed today) and then 6250/6260, if able to cross then zoom zoom zoom....... Nifty can go easily +150 points from there, I think a target of 6400 is on the cards if manages to cross hurdle at 6250/6260.

Bank Nifty has crossed resistance, may be it will lend further support to Nifty. FIIs seem to be very happy by RBI policy though there was a 25 basis pts rise - also expiry is there, so FIIs cheering all the way.

A note to your point - inspite of rise in repo and all and GDP coming lower and all, Banks and most other bluechips have managed to pull out decent results.
HDFC bank is one bank which I feel is out of all these things - Whatever happens, even if there is no Govt in this country or no water to drink in India for a week - things like these - then also HDFC Bank's net profit will be >20%. Their ads will be coming everywhere saying - "Sar Utha Ke Jiyo" and they'll happily bringing out good results... Just my view

 

16 hours ago
Wow, what a u turn, these big players are playing with retail investors emotions like hell and this the result.

Please don't depend on anyone and start learning, you can do it on finger tips.

Nifty long traders should modify their stop to 6195 nifty spot level, finely Nifty is above 6210 and made a high of 6217.55 if manage to cross 6220 and close above then next target will be 6250 and if manage to cross 6255 and 90% of chances to make new highs in this year only but plz strict with your stops cause market can take u turn anytime.
Fed issue will play a very important role on rally.

Still I am not convinced with the rally or new life time high if it able to make those new highs then also I have same views till now it will not sustain.

Yes it has more chances to make a new highs but only 4-5 blue chips will not able to support Nifty to sustain.

Yes RBI and Supreme court are doing good and some of major Large Caps are also announcing good results but Inflation, political situation, current deficit, etc., are not good @ level, so still not convinced.

More importantly Debt ceiling will start very soon and I don't think Indian Retail Investors and our DII can put that much money in market to support which we got from FII in this month only.
We all should open our eyes before trading and for investment purposes in quality stock every day is good.

Time to play with levels (support areas) only cause those big player are hitting stop losses both ways to get maximum profit.
Yesterday also they done the same thing even I got stop hit when I shorted Nifty below 6085, which was stop of so many long players, Nifty made a low of 6079 and took u turn but I switched my side instantly and took all the juice of this upward rally.
Upper side also they drag Nifty to 6220 levels where so many short players having their stops.

So we should be actually very cautious at this stage.

Best of luck.

 

Today was my first trade in option....bought 6250CE @31.5 and exited @40 , Nice profit.

 

Nice! Party time then

Between, how many Nifty lots did you trade ?

 

10 lots (500 qty.)

 

Don't forget us in party.

 

I hope everyone got exited from longs of Nifty on time if not then read further

Sanjay Sansanwal
17 hours ago via mobile
Exited from my all longs @ 6265, don't want to wait more what I got is enough and don't' want to be greedy. — at Stock Technical Analysis.



From: sanjay sansanwal at 02:32 PM - Oct 30, 2013( about 17 hours ago )

Exited from my all longs @ 6265 nifty spot cause what I got is enough and don't want to be too greedy.


Safe traders can exit now, risky traders modify stop to 6240 nifty spot.

 

What a exit, actually got all juice of this rally from 6100 -6265, I hope u all made a handsome money too.

Happy Trading,
Keep Smiling Always,
Jai Mata Di.

 

Today again bought 6250CE@17.5 and exited @24

 

Advise to all traders, please do not trade cause u want too but trade cause charts or fundamentals which ever u prefer .are saying so.

Happy Trading,
Keep Smiling Always,
Jai Mata Di.

 

what do you think about buying nifty Dec put strike price 6400 . ???

 

on weekly chart nifty shows inverse HS pattern.... am I right?