Trade Plan 21st May :

NIFTY : Cannot have put it more simple !

I was little busy over few days . Sorry for missing trade plan last weekend.

SS

Trade Plan 15th May :

NIFTY :  Remember the super bullish Weekly Charts.

Stop Loss 5960.
Hard Stop Loss , if broken Reverse the trade to Short side for severe fall.

At current levels , Go Long , Stay Long.

SS

Trade Plan 14th May :

NIFTY : Yesterday it was a bang and when I look back my charts i feel like banging my head.
                My daily charts posted for this week had a clue about Monday's fall. I could not see it and my attentive readers never pointed out.

Yes I didn't notice the Friday's trading volume bar. It is too small when I plotted 9 month chart that eyes did not catch it and holaa punishment was must.

Look at friday's trading volume. "Extreme minute volumes". Had i looked it I would have not taken the volume drop as "tiny miny volume drops"

Nevertheless , No regrets in Markets , what's next.

Did you notice the Monday's fall ?
Did you notice the Volume ?
Massive fall but volumes did not pick it up. Usually such "Valid Sell off's" should show a tall volume bar.

Remember 5950 . If not go through my couple of days back post.
Here is the link : http://www.nifty4living.blogspot.in/2013/05/trade-plan-7th-may.html#links


We have closed below 13 ema but volumes not picking up and my most crucial support zone 5950 is alive with my  BULLISH weekly outlook...

The trade plan stays very simple to me :

Long above 5990 (13 ema )
Go Short below 5950 for a quick target 22 ema (80-100 more points)
No Trade zone : 5950-5990

Remember my few words : If 5950 Does not offers a quick bounce and prices dance in the range 5940-5980 , tighten the seatbelts for red days. A Solid support should offer quick bounces.

If Prices go beyond 5990 , dont shy. Thy Long ,the weekly bullishness should pull it off.

SS

Correction to the Post : I never knew we had a trading session on Saturday. Lol. The extreme low volumes i talked about on friday is actually the truncated session on saturday that made all the difference.

Technically : The small session that looks meaningless is NOT meaningless on charts.

Trade Plan for 13th-17th May week :

NIFTY :  As usual lets start with weekly charts.

Nifty Weekly : 

Weekly Charts stay Massively Bullish giving no heed to double top expectations.
Lets come to daily charts.

Nifty Daily :

Things are slightly interesting here.

Since few days volumes have been slightly dipping . Almost at the verge of double top what can be next ?

A dip ?
Lets take it if it comes.Any dip should be very slow and should be restricted to 13 ema near 6000 as of today. Like a spring , if any dip comes ,  the prices should uncoil to upside after kissing the 13 ema.

Crudely , it will be idiotic enough to play in shorts.

Why I am paying no attention to double top and 'slight' volumes drop at higher levels ?
Look at the massive bullish weekly charts and Daily MACD histogram/lines going all the way bull.

LONG at every point whenever you feel like.

Only shorting opportunity if prices start ticking below 13ema , a trade for target 22 ema to downside with double top expectations will be my trade but I am not expecting it to happen.


Stock Pics : As mentioning since couple of days : YES BANK and HDIL are my favourite long candidates.

SS

Trade Plan Friday 10th May :

NIFTY : Long each dip. I see NO reason to go short.

Jackpot Trade : Long HDIL as mentioned in yesterday's post.

Stock Pick :

LONG YES BANK.

With Kangaroo tail recently made , a beautiful opportunity to place close SL has come.
First SL 495 , the bets should be in favour of Kangroo tail being respected.

Positional safe traders can choose safe SL 22 ema near 480.

SS

Trade Plan 9th May and Jackpot Trade :

Nifty :  Yesterday candlestick with dip in volumes have made bears a bit impulsive. But wait , you know it , how I prefer to open trade.

They call it hanging man. Let's take it.

With dip in volume , it can be in play. But it needs a validation the next day that is today.
A Gap Down and a intra-day scalp for short side.
A Gap Up ( hanging man would get negated) , long positions can be made.

I am not willing to short as MACD lines and histogram are massively bullish. Stay out to trade nifty if we see a gap down.

Jackpot Trade :

LONG HDIL
Current Spot : 56
Target : Upside Breakout with sky high limits.
Stop Loss : As per position size.

Daily Charts are highly convincing . Can't Miss this.

SS

Trade Plan 8th May :

Nifty : As yesterday long on each dip.

My Trade :

20 percent of my trading capital :

50 percent : LONG YES BANK with 'Options' : Current Spot 508.25
50 percent : SHORT UNITED SPIRITS with 'Options' : Current Spot : 2348

Both Positional with horizon of 3-5 trading sessions. Target atleast 1.5 times the traded option price.
Choosing the right option contract and entry time is subjected to individual trader skills.

Rest 80 percent trading capital for hunting intraday scalps via futures/cash.

Yes Bank and United Spirits , I don't have time to update reasons behind them. Serious traders should find it themselves before opening bell.

SS

Trade Plan 7th May :

NIFTY :

5950 is the most important level for me currently.
I am Perma Bull above it.

Its a delight when all technical's point to One direction in all time-frames.
And that's bullish as per yesterday's close.

Long , Stay Long , Buy All dips with strict stop loss near 5950

Nifty Weekly :

Nifty Daily :

Volumes are dropping as prices come in lower range since 2-3 days. With MACD lines and histogram flying sky highs , up-move is likely to roar in coming sessions.

My LONG positions will be brutally closed if prices start ticking below 5950.
They say "Sell in May and go away" , May be a close below 5950 and you find my next post in reverse direction.

SS