Nifty starts to reverse.

I think the market has bottomed. All my indicators are now telling me that in the short term, the market will stabilise around 5900. I have sold some 5600 puts and sold some 6200 calls. This month has been good.

So..we are seeing it..

Stay clear of buying anything ...sell sell sell.....only buy puts and stay focused..NIFTY is not stopping anywhere..at least there will be a jerk near 5800 but after that another fall to 5500.

I am still bearish

I think this is a big show from FIIs but underneath a big fall is approaching..I think I should buy more puts for next month.

The Fall starts

5700 looks a bit far but 3 days of fall in Nifty and 5700 puts can become 100 easily. I think now the fall will accelerate. Watch out !

I think there is a near term top here.

I think Nifty will have to retrace up to 5700-5750 before it goes to climb 6100. If it starts falling even below 5700, then 5500 can be possible and even lower levels after that. I am holding Puts for 5700 now. Let's see if they double in value.

Brace for 5600 and then....

If 5600 does not breach, meaning...does not get violated significantly, start buying calls for 5800.....you will make absolute fortune with it...

Buy Feb Puts ...Lock your profit...

If you are having a portfolio, its advisable that you now buy puts as nifty is quite heavy now...

Fall soon

Brace for a good fall on Nifty near January end as too much difference between falling stocks vs NIFTY. I am seeing NIFTY to touch even 5400 again..

Hedging the profit.

I am hedging the portfolio profit with some 5800 puts for January for any loss in the profit. Although Nifty can easily go upto 6100 looking at the charts.

Classic sign of Falling NIFTY

NIFTY should fall in next few minutes to half an hour. Brace for 5800.

Nifty in December

I think looking at A/D line, NIFTY can have a big correction. Let the market makers convince you that Market is going towards 6000 and more, I think Nifty will kiss 5700 as well.

Nifty eyeing 6000

I am a bit worried to see the AD line of NIFTY. AD line makes continuous lower lows but Nifty makes Higher highs. Means Smaller and smaller no. of stocks are lifting the NIFTY up. Traditionally is considered bearish. Sooner or later Nifty will have to match what the AD line is suggesting. Means a sudden Profit booking maybe in January ???

Break out or Break down ?

According to my system, there is a possibility of Nifty dropping to 5500 or 5550. I get a sense of that. If I am wrong, the market may travel sideways all day.

Crucial This week

As can be seen in the weekly chart here, Last week ended with a shooting star. If this week , Nifty can't go past the shooting star's closing level, i.e. 5686 with a significant gap, we can see downside opening up to 5500. If there is another shooting star or a Doji, the decision can be postponed for next week.

Nifty looking at 6000.

Next week, Nifty should take out 6000 with ease.

5660 Conqured now 5730 to be watched.

As I said two days ago, 5660 needs to be watched carefully, if crossed, 5750 will be the next target. We almost saw 5720 but 5730 is important if that is easily crossed, 5800 and 5900 are not difficult. If 5730 is crossed and comfortably closed above, go long by all means for the targets 5900 for exit.

AD Line Positive today

Watch the AD line. It is really strong, so less chances of Nifty falling today but tomorrow high chances of Nifty failing or passing through 5656-5660.

5656-5660

It will be interesting if Nifty crosses the levels mentioned as if that happens then market will zoom towards 5750 or else 5500 is the target.

Sitting on sidelines

Sometimes sitting in sidelines is the best think a trader can do...I am waiting for the market to give me a sign to capitalize... I will be ready to pounce as soon as the weak money goes in or out of the system..till then let's just watch it...

That's it...

Ok...Within an Hour we will see 5650. Be ready for it...