On Vacation.

I am on vacation till second Monday of May.
Till then ,please don't waste your precious time visiting the blog .

SS

Trade Set Up 17th-19th April :

NIFTY :

Stunning pullback on Monday and Tuesday.  Tuesday Candlestick has put zipper on the faces of bears.  Many dead cat bounce definitions  are going for toss.

Current Spot : 5688
Including Nifty and many oversold stocks , last couple of days movement has engulfed many bearish signals.

Weekly Charts : MACD near 00 line and a 'last' bull attack to save the free fall has appeared. 2 days of trading and we are up about 200 points. If weekly candlesticks are taken under consideration , they are in formation of a terrific comeback if prices don't fall for next 3 days.Weekly Charts Summarizes : Bulls are in full force to suppress bears.

Daily Charts : Here are interesting things.
                        Below Chart is a simple base through which my trade setups will spread.

                        Blue Line is broken to upside.
                        Green Line is respected. Will prices take a U turn from green line ? or the upper green line is                   the next Target ??

Among all 3 trend-lines/channels , the Blue line is the Strongest and in play pertaining to simple rules of trend-lines.
It is broken to upside and a close above it.
But wait , where are the terrific volumes needed for a valid breakout ?Will they appear today with zoom breakout of the green channel ?
But as of Tuesday eod , the average volumes puts the upside breakout in doubt.
As most pro traders know 80 percent of breakouts are failures , let's wait with the ax when prices start to dip.


I have no trade plans on Long side. I will wait till prices don't fall back into the blue line. Till then let it fly till all idiots dump their trashing short positions.

Stay position-less , Stay with cash and Wait , wait and .....
SHORT below 5650 for Glorious bear days to resume.

SS

16th April :

9:22 am :

RCOM is a sweet short for Target 70
Current : 77.7
SL 80

9:38 AM :

Close Encounter :
SHORT NIFTY 5700PE @ 106 SL 99

9:41 AM :

HIT HIT HIT in 3 min. Thrown out. Lol

Next SHORT Attempt above 5640 with SL 5660
Daily 22 ema @ 5652
Positional if SL survives.

SS

Trade Plan 15th April Week :

NIFTY : Weekly charts stay bearish and makes no sense posting a 'weekly' chart every week.
               A note : Volumes dropped last week.

Daily Chart : Not interesting either. The daily MACD is going flat . I see the "fierceness" of bears should take a breather now. Nifty should be rangebound for sometime with negative bias.
Any sharp fall should be limited to gap filling of 5450 and again pull ups pull downs.
Only Caterers stay when the party is over.

With results season ON , I am highly interested in few Stocks.
Let's  trade the better odd ticker , avoid nifty and look for some nail biting action :

STOCK PICKS :

I have three choices where my trades will revolve.

TCS LONG.
MARUTI SHORT
LT SHORT.

All three self-explanatory daily charts are below.

By end of this week I am on a vacation with extensive travel. Consider this as my last researched post for April Series. Will resume from second  monday of May.

SS

;)

11:15 pm :

SL 5555

SS

Trade Plan 12th April :

Beauty of Stock Markets is shining as ever.
Bears are frightened and so as the Bulls.

The charts have shaped up perfectly as the big event is next door. They are at Make or Break Levels.
Daily Candlesticks are giving a roller coaster rides for pure tech traders.

Yesterday I went ahead with Level 5630 for two reasons :
Daily 13 ema near 5625 and a daily downward channel upper end at 5628.

Weekly Charts stay bearish. Lets Concentrate on Daily Charts :

What happens in a Classic Bear Market ?
A perfect trade is to BUY stocks at deeply oversold levels and book the profit at nearest  ema in play.
A bear market does not falls in a straight line , each pull back stops at the favorite ema in play and prices reverse. I use 13/22 ema for this.
Stronger the Bear Market prices choose the shorter ema to reverse.

With Nifty Daily , I am playing on HnS Pattern breakdown in play , so all bets are chosen for prices to return from 13 ema. It can be 22 ema (5674) as well but I believe we are not in a mild bear market, its a STRONG ONE.

Nifty Daily Chart :

If you ask me about the classical TA about the candlesticks which the whole street is talking about , here are my 2 words :

Wednesday candle I see it as Hammer a bullish candlestick which needed confirmation on Thursday with heavy volumes and a good white candle. Thursday candlestick did see a slight increase in volumes but definitely not heavy volumes and the candle formed on Thursday was surely not a great one.

Now I see Thursday Candlestick as Hanging Man as preceding candle was bullish.
The Hanging Man Validation needs a Gap down on Friday. Heavy volumes are also needed but that is coming by default on friday , thanks to the big event.

How to trade on Friday ?

Prices might kick off towards 5630 , Be Short Stay Short Initiate Short below 5630.
If prices sustains above 5630 by the end of the day , my all bearish views will be kicked on the butt for few sessions.


If the Black Friday is avoided today and we give a close below 5630 , don't forget to pull your socks for a BLACK MONDAY. The carnage I was expecting this week should take place NEXT WEEK.

Remember 5630 and Remember Me.
I am highly Bearish till 5630 is not cleanly bowled out.

SS

11th April :

 5630 should stop it.
Beyond that my bearish views for few sessions will be dropped.

SS

Trade Plan 10th April :

NIFTY : I am little busy to post detailed plan but like others I wont suggest to short on rise .
                Why ?
             
Because there should be no rise lol.

The Speculated BLACK WEEK is on the table.
5450 Should be the first target and 5300 5200 dunno till where we will have the nosedive.

Remaining 3 days for this week can turn your trading career forever. Which way choice is yours.

SS

Trade Set Up 9th April :

NIFTY :

Yesterday though it looks a event-less day , but it has given lots of clues.
Yesterday two major things happened in the daily charts  :

1) Drop in Volumes.
2) Decent Inverted Hammer daily Candle .

When both walk together , a powerful pullback rally arises in a bear market.

Though reversal signs have started appearing I am not keen to drop my bearish counts due to 2 reasons :

1) Weekly Charts are horrible.
2) A GAP filing activity 5550-5450 is pending since long.
A slide in Market should mint quick 100 points to downside while any rally is a kind of dead cat bounce. Like Many I am will be highly skeptical to prefer long than shorts.

What to do ?? How to place trades , which direction the spring will uncoil ?

 I STRONGLY believe a support is no support if it does not offers a quick bounce. It makes me tilt more towards gap filling process. 5550 should path away to 5450 Quick and Fierce ?

Before taking the SHORT trade , we want to make sure the combo of low volumes with inverted hammer is negated :

Literal definition of Inverted Hammer from stockcharts.com  :

"The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation."

A GAP UP and we could rally upwards.

All SHORT Desperate souls should look for Gap Down or even flat opening. I will take no time multiplying my Short Positions if we open RED for a sweet slide to 5450.

A Gap Up would make me laze at rest till the dead bounce is over.
SS

Infy Wipro TCS among TOP Losers in flat Market.

Is any of the visitor here are FII's ??

10:12 AM :

Dont afford to miss the Hns in shape in intraday 2 min and 5 min charts.

SS

Trade Plan 8th April Week :

Moneycontrol headlines excite you ? hahaha

We are highly capable of marking this a week a BLACK WEEK.
The charts in all timeframes are pathetic and a Severe fall is the game in play.

IT Sector , Master of leading rallies has not cracked yet.
Yes , its the NEXT.

IT Stocks should lead the fall.
===============Mark my words


NIFTY :

If you are waiting for any Pull back rallies , let me know when your Santa Claus arrives.

SS

Trade Plan 5th April :

Yesterday my pullback expectations died out with Nifty breaking down . I was thrown out of the position when we hit 5605.

I have a strong feeling of a Massive Black Friday today.

NIFTY :

How many of you remember my 4700 levels ?
I had called it when we were near 5900 and some of my fellow friends had branded me as crazy.

So what do you feel now ? If you still doubt , you wont by I end this small post.
The beauty of Markets is knowing the direction is not enough. We are falling so fiercely that fingers shake out to short such oversold levels.
But alas , emotions kill. Let's be cruel and this time make no mistake  in SELLING not only each rise but each fall.

Why we are in such hurry to fall ? If you remember my weekly charts , the channel is broken big-time till thursday and would probably end the same way after friday close. What is fueling the fall is weekly MACD lines making a free fall towards zero line and negative divergence is on top of cards.

And when it comes to daily charts , I use Sukhani words " Its a pity "

I had warned you at 5900 to sell your deliveries. Its obvious you should have not listened to me but had it alarmed you , you would have done your own studies with broad horizon. Its ain't so tough.

SS

4th April :

9:55 am : 

Khoob Jamega rang jab mil baithenge teen yaar .

Spot 1829
Stop Loss 1810
auur target 1900+

10:05 am :

Nifty @ 5616
I know you all are selling but I will love to Buy .Love to take your money in my wide pockets.
Buying for Target 5700+ by tomorrow end.

Maine bhi yehi socha hai bass fark itna hai tumse pehle socha hai....

SS

Trade Plan 3rd April :

NIFTY : 

As expected up move is visible on the ticker.
From Daily Charts , we wanted to book longs for target 13/22 ema.

We closed above 13 ema @ 5748 , 22 ema is at 5766 .
So lets short it ?
Volumes are drying in the up-move ,  punters like me did not enter into nifty longs. First indication of weakened up-move.

But don't forget the weekly chart , it said shorts to be initiated as soon as 5800 is seen on the ticker with SL 5830.

So , you want to wait for 5800 to short ?
Or you want to short now  with SL@ 22ema 5766 ?
Or you want to wait , if prices fail to cross 5800 and dip back below 22ema 5766 ?
Or you want to short only we dip back below 13 ema 5731 ?
I leave it upto you , your trading style and your understanding of Markets.

SS

1st April :

10:45 AM 

Jab saiyaan kotwaal toh darr kaheka..
5800PE @ 121 Stop Loss 105

SHORTS initiated !

10:50 AM

Second Short
Bharti Airtel @ 292.20 SL Day high 294.6

11:22 AM

NIFTY SL @  119 now.
Current 126 bought at 121

SS