Weekly Chart 31.10.2013

Normally, I avoid trading Expiry day. So not trades for Today & Even tomorrow.

Was Looking at  Weekly Chart of Nifty. Bollingers are suggesting another 200 pts move. I hope, in coming few days, Market will make New Highs & with this Euphoria, Everybody will be buying Anything... That will be the time to Short Positional...

For Intraday... Market will be ranging 90% of the time.. so as usual- Trade on both sides..

Intraday Trades 30.10.2013

Euphoria not ending for Nifty.. Market was Ranging in the morning. Took 2 trades today:-

1) Went long on the Hammer resting above mid Bollinger..Got very tough 18 points as was fearing with the wicks of candles & a doji made me out..
2) Was waiting for going short since morning, as i am bearish from few days.. Entered on a Big Bearish candle. Another 18 but Quick point move made my day..

Intraday Trades 29.10.2013

Nifty didn't close below 6100 yesterday & an upmove was expected as per yesterday's post. Hoping to give a Breakout Failure at the Recent High of 6250 NS by this Diwali.

1) Attempted one short intraday, but got stopped out with 5 points..
2) Didn't take any other trade as was not available. Missed the 2nd big move of 50 points

Intraday Trades 28.10.2013

Nifty Closed down as expected & written yesterday, but it should have closed below 6100 NS today. What i am feeling from today's trend is It may not go beyond 6000 in this thrust & should go once again upwards to get set the Crowd again in Long trades..

1) Today, only 1 trade attempted & that too when Price tagged the Lower Bollinger Band with break of previous swing low.. A slow 20 points move.. Closed it at 3:30, as no exit signal before that..

Daily Chart Analysis for Nov'13 - 27.10.2013

Nifty Closed @ 6145 at the verge of breaking all time Highs & every body is excited to go for more. RBI announcement is on Tuesday & the Technicals of Nifty as well as few major Stocks are indicating a Reversal from current Position.

Lets look at the Daily Chart-
1) RSI has given a small yet Powerful Bearish Divergence (although it happens in Strong Trend also)
2) MACD has also given a Bearish Divergence from Previous Top(this has strengthened the RSI indication)
3) Nifty Turning from a Major Decision Point
4) A Gravestone Doji with OK follow up

So all Points concludes not to buy till 6200 is broken with RBI announcement. So conservative traders can wait till Tuesday. Our take is to

SHORT  NS below 6100,  TGT - 5700, 5600 , SL 6175

Intraday Trades 22.10.2013

Today was a Ranging day. Attempted 2 trades:-
1) Failure to continue beyond Day's High & Previous close + BB signal. Got easy 20 pts..
2) Attempted another trade Long, but it ended up as a scratch.
No further trade..

Intraday Trades 21.10.2013

Two trades Today:

1) Nifty refused to go below Yesterday Close, Entered at the good Bullish candle. Exited on 2nd touch on Bollinger as no Trend.
2) Nifty came down too fast, but next candle didn't cross its low. Bought again at middle Bollinger, TGT - upper Bollinger. Exited at 3:27, as Bollinger had shown a Trending move..