NIFTY :
It was last Friday when markets were behaving crazy and one of my female friends on fb messaging group was checking with folks , where we are heading to .
I tried to interrupt but stopped myself because I never felt the question was complete in itself.
Where we are heading ?
I need the time frame sir . If you ask me where we will be in 1 week , I will probably gamble upon my words.
Ask me where we are heading finally in next 3-4 months ?
I don't care if you jump out of your couch , We are heading to 4700.
Obviously there is no typo , I mean 4700 , 1300 point slide in next 3-4 months.
I don't know how it will happen , some earthquake will occur or will it be same European problems or some war will start or some major company will declare bankruptcy or Some Indian political drama or some new FII taxation laws. I have no clue How it will happen , I only strive that it will happen . Something will follow the trigger.
"If after a long attempt prices fail to take out a high and ceases at or near it , don't be confused we are going to take out previous lows"
But why so quick just in 3-4 months ?
I admit your innocence , but if you are new in markets , be aware FALLS always take nearly HALF of the time what Bulls take to get to that level.
Simplest of Nifty Intermediate term charts , Weekly and Daily.
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Ok Sir , admitted we are going into bear market , now since you know it already you will be a millionaire ?
This is the most common thought to arise.
But the ride will not be as smooth as it seems. It will be tough , it will be tricky , it will be illusive and it can even be disastrous even though ultimately we go beyond 4800.
Look what RBI policy does in Tuesday .
How much Sea Saw Nifty plays to it. But I am sure , Like me many pro's will be shorting all rises.
Catching a top is impossible.
Only Paper Trader and Liars do it.
But Irrespective what shit policy rolls out on Tuesday , I am picking to start SHORTING from intermediate time frame. SBI is my favorite for stocks currently.
If your balls have not grown bigger for Fno trading , this seems to be the last chance (if any , if any spike we see pre /post policy) to DUMP your delivery holdings atleast .
Rupee is going to slide against dollar to boost the slide. Currently at 54 , I see it going to 57-58 in the same time when Nifty will be on its way down.
Don't forget to invite me for a Beer Party if you see 5000 spot in threat in couple of months.
Bear Party or Beer Party whatever you read , but honestly I mean "Beer"
SS
17 March 2103
It was last Friday when markets were behaving crazy and one of my female friends on fb messaging group was checking with folks , where we are heading to .
I tried to interrupt but stopped myself because I never felt the question was complete in itself.
Where we are heading ?
I need the time frame sir . If you ask me where we will be in 1 week , I will probably gamble upon my words.
Ask me where we are heading finally in next 3-4 months ?
I don't care if you jump out of your couch , We are heading to 4700.
Obviously there is no typo , I mean 4700 , 1300 point slide in next 3-4 months.
I don't know how it will happen , some earthquake will occur or will it be same European problems or some war will start or some major company will declare bankruptcy or Some Indian political drama or some new FII taxation laws. I have no clue How it will happen , I only strive that it will happen . Something will follow the trigger.
"If after a long attempt prices fail to take out a high and ceases at or near it , don't be confused we are going to take out previous lows"
But why so quick just in 3-4 months ?
I admit your innocence , but if you are new in markets , be aware FALLS always take nearly HALF of the time what Bulls take to get to that level.
Simplest of Nifty Intermediate term charts , Weekly and Daily.
.png)
Ok Sir , admitted we are going into bear market , now since you know it already you will be a millionaire ?
This is the most common thought to arise.
But the ride will not be as smooth as it seems. It will be tough , it will be tricky , it will be illusive and it can even be disastrous even though ultimately we go beyond 4800.
Look what RBI policy does in Tuesday .
How much Sea Saw Nifty plays to it. But I am sure , Like me many pro's will be shorting all rises.
Catching a top is impossible.
Only Paper Trader and Liars do it.
But Irrespective what shit policy rolls out on Tuesday , I am picking to start SHORTING from intermediate time frame. SBI is my favorite for stocks currently.
If your balls have not grown bigger for Fno trading , this seems to be the last chance (if any , if any spike we see pre /post policy) to DUMP your delivery holdings atleast .
Rupee is going to slide against dollar to boost the slide. Currently at 54 , I see it going to 57-58 in the same time when Nifty will be on its way down.
Don't forget to invite me for a Beer Party if you see 5000 spot in threat in couple of months.
Bear Party or Beer Party whatever you read , but honestly I mean "Beer"
SS
17 March 2103
Bro! i just noticed IHnS on Nifty daily charts with neckline around 5950 area.
ReplyDeleteThat can be counted as desperately figured out Inverted Hns and it could lead to a quick rally,
ReplyDeleteAaah I wish we quickly zoooom to make a quick Nifty Life time high , that will be icing on the cake with all bearish divergences getting confirmed. That will give the exact time to short,
I wish the Inverted Hns spotted gets respected
Hi SS..just for our future conversations :)
ReplyDeleteI am waiting for your reply on last post :)
Ya hi buddy..is that about Hns ?
ReplyDeletes invalid question mate,
No HnS anywhere.
Ohhh
ReplyDeletefrom starting till 10:48 not HnS..previous day with the same logic it was inverted HnS..not at all clear..
then the reason for shorting?
Dear every shorting is not because of Hns.
ReplyDeleteHns was not anywhere on friday,
Reason of shorting :
Friday close marks Weekly close. Though the daily bounce on thursday shocked everyone but innocent retail traders forget to concentrate in bigger time frame, Weeekly Charts are not good for Nifty. Look at the falling macd in weekly....Plus Bearish divergence in 5 min charts on friday on new high and accelerated by 30 min MACD cross to downside. I had all the reasons and they all said short. I dont know which idiots were longing on friday,
Thanks :)
ReplyDeleteMy doubt again remains the same from thursday..HnS(very difficult for me to figure out)..anyway will look at few more charts and do RnD and then ask you..ans this dumbhead if possible for you :)
SS bhai
ReplyDeletepagal to nahi ho gaye ho.
FIIs ko dekho roj paisa daal rahe hai aur aap bol rahe ho 4700? muze nahi lagata.
what's ur view abt hcl tech....will it remain bullish or it will b bearish in cuming days
ReplyDeleteNaveen Bhai :
ReplyDeleteYe sab main kahan bol raha huun , ye toh charts bol rahe hain.
And FII koi NGO kholke toh baithe nahin hain , aaj daalenge toh kal nikaalenge bhi,,,,
From Jan so much Money has been pumped in by them yet we are far from all time highs...Ek baar global mahol kharab hone dijiye , let their margins go for a toss in other markets , saara paisa india se nikaal kar pura karenge wo :D I dont have idea on these fronts. main economist nahi huun , But yeah Next bounce to Nifty and I am short full throttle.
HCL Tech : The defence play these days. When I talk dollar weakening IT companies shall hold well.
ReplyDeleteBut when Nifty will start its final crack , none will remain.
I dont track HCL Tech on charts so cant comment about its short term moves , But by the time nifty falls briskly not fiercely , Hcl tech should hold up or rise