Monday, October 26, 2015

Weeky Outlook

  1. Once past 8270, next test is 8322 and then 8445
  2. Nifty could get a jolt around 8392
  3. The Bias for the coming week is Mildly Bullish
  4. Nifty is slowly limping towards 8445.
  5. It could reach there on or before Nov 9th, 2015
  6. A correction towards 8147, will become due after Tuesday.
  7. Monday: The day would open positive, with some profit booking towards the final hour; green close
  8. Tuesday: The high of the Week could happen in the post lunch session around 8378
  9. Wednesday:The Bias could be negative for the day, and could see red closing
  10. Thursday: If a negative open; then for most part it is expected to be stuck in a very small range; red closing
  11. Friday: If a positive open then closing in green


Sunday, October 18, 2015

The Inheritor of Winds and The Fog

  1. Nifty could face stiff resistance around 8270
  2. Once past 8270, next test is 8322 and then 8445.
  3. The Bias for the coming week is mildly BEARISH
  4. Monday could see a red close.
  5. Tuesday could see some recovery off the lows in the later half
  6. Wednesday is expected to remain volatile
  7. A negative open on Friday could see a spike down towards 8106 and below
  8. Shorts could be tried keeping SL of 8340

N.B. New subscriptions for Nov - Dec Cycle are closed; can pre-book for Dec onwards.



Sunday, October 11, 2015

Bright Lights and Back Alleys

Let's recap some of the highlights of previous posts

  • The Fundamentals are settling down now, so any dip below 8000 would be a buying opportunity for Investors. One could also look at quality midcaps below that level(i,e, below 8000).
  • Nifty is Bracketing in the Intermediate Term, as evidenced by Composite Overlay Demand Curve
  • Overall World markets are under pressure, but a retest of recent lows can't be ruled out completely
  • If Nifty registers a weekly close below 7590, would go in for a tailspin. Currently the last support is 7537.
  • Any bounce would at least carry till 7780 - 7810
  • In the current quarter, Nifty's price distribution appears to be bimodal ("double distribution")
  • Nifty appears to be finding balance around 7780 - 7810, any sharp reaction on either side, would bring Nifty back to these levels, in the following weeks.
  • The test would be 8144. A break of 8144 could confirm an intermediate to long term bottom is in place at 7539.
  • If Nifty foes Below 7700, anything selling on NSE would be a good buy.
  • FIIs are keenly tracking international markets
  • Anyway, if Nifty goes below 7520, it will test 7175 and 6700 below that. Below 7100 all theories and principles would go for a toss
  • The Nifty could be probed for a long trade keeping 7520 as a stop. The target would be 8400 - 9400 - 10200
  • The world markets are not out of the woods as yet and so is Nifty, but buying below 7762 with 7520 as stop could continue to yield short term gains
  • A breakout above 8061 could see Nifty quickly test 8200 - 8237 levels.

And now the notes for this week

  1. Nifty could face stiff resistance around 8270
  2. Once past 8270, next test is 8322 and then 8445.
  3. Longs could be probed keeping 8095 as stop.
  4. The Bias for the coming week is mild to moderately bullish
  5. Looks like first the weekly low would be established, say on Tuesday.
  6. Thanks for all the kind words and appreciation, coming through mail and social media. I feel deeply honored.

N.B. New subscriptions for Nov - Dec Cycle are closed; can pre-book for Dec onwards.



Sunday, October 4, 2015

Sopdet

Let's recap some of the highlights of previous posts

  • The Fundamentals are settling down now, so any dip below 8000 would be a buying opportunity for Investors. One could also look at quality midcaps below that level(i,e, below 8000).
  • Nifty is Bracketing in the Intermediate Term, as evidenced by Composite Overlay Demand Curve
  • Overall World markets are under pressure, but a retest of recent lows can't be ruled out completely
  • If Nifty registers a weekly close below 7590, would go in for a tailspin. Currently the last support is 7537.
  • Any bounce would at least carry till 7780 - 7810
  • In the current quarter, Nifty's price distribution appears to be bimodal ("double distribution")
  • Nifty appears to be finding balance around 7780 - 7810, any sharp reaction on either side, would bring Nifty back to these levels, in the following weeks.
  • The test would be 8144. A break of 8144 could confirm an intermediate to long term bottom is in place at 7539.
  • If Nifty foes Below 7700, anything selling on NSE would be a good buy.
  • FIIs are keenly tracking international markets
  • Anyway, if Nifty goes below 7520, it will test 7175 and 6700 below that. Below 7100 all theories and principles would go for a toss
  • The Nifty could be probed for a long trade keeping 7520 as a stop. The target would be 8400 - 9400 - 10200
  • The world markets are not out of the woods as yet and so is Nifty, but buying below 7762 with 7520 as stop could continue to yield short term gains

And now the notes for this week

  1. A breakout above 8061 could see Nifty quickly test 8200 - 8237 levels.
  2. Long trades could be probed keeping 7867 as Stop Loss
  3. The Outlook for the week is Volatile and no clarity about the Bias.

N.B. New subscriptions for Oct - Nov Cycle are closed; can pre-book for Nov - Dec Cycle.