Trade Plan : 25th Sept

NIFTY :  I have all the reasons to stay/go long.

Daily 13 ema as SL @ 5840

SS

Trade Plan 24th Sep :

Nifty Daily : Fall with volumes drying and 13//22 ema nearby and 30 min macd shaping a bullish turn.

Stop Loss around 5830 and time to pick longs.
We shall post a new high very soon.

SS

Trade Plan 23rd September :

NIFTY : 

Weekly Chart : 

Long term MACD trend is severely BEARISH.
Small term scan goes with severely BULLISH.

This is what makes the weekly charts exciting .

With volumes perking up last week , the immediate move shall be a monster up-move.
Or you wanna short this in the expectation of long term mega MACD bearishness to suppress everything ?
Enjoy your cup of coffee.

I am going with conclusion for bullish views with Weekly Charts.
Stop Loss : As usual lets keep it at 22 ema (5780)

Daily Charts : 

Mail me if you see anything negative with daily charts.
I am all fine with bullish views on daily charts as well.

Stop Loss : 13 ema , 5830 

Each fall , I am taking it as a bliss with longing opportunity.
Depending upon your entry rate and trade instrument :

Stop Losses to follow 5780 and 5830.

SS

19th September : Welcome Green ;)

Weren't you long ?
Its yet not late.

SS

Trade Plan 16th Sep :

NIFTY :

Going with only weekly charts. 

Close above 13/22 ema.
MACD : Signalling a massive up-move possibility.
Volume : Dropping with upmove , putting bullishness in doubt. 
                 Last truncated week has contributed too.

Heavy Volumes shall resume this week ?

I am prefering to stay Long till 5825 is not neatly bowled out.  Odds are wiser as I am looking for a massive upmove.

SS

Trade Plan 12th Sep :

NIFTY

The mammoth pull up i had kept as the small possibility in last post showed up on Tuesday.
Why mammoth ?

1) Weekly MACD ( with this week its curving to give a cross going above 0)
2) Daily MACD ( already moving like a fanatic towards above 0)

Both roared , and the results are crisp clear.

For now , this amazing bull story is shaping up to be bulls all the way.

Weekly 22 ema @ 5825 and that is the only SL for any kind of longs.
Till then its time to buy and buy.

For medium term to long term Nifty direction : This bulls run is meaningless as of now.
 We need to wait for couple of more weeks to see how the upmove forms.

Note : This monday was a holiday , hopefully marking a low volume week with a upmove. Next week volumes will be the key for creating or flushing delivery positions.


SS

Trade Plan 10th Sep :

NIFTY : Current Spot 5680

What's next ?

500 points quick up-move from below 5200 has tossed most of the aggressive shorters.
Few great souls still holding shorts .
And with recent carnage over couple of months , going long is nerve cracking.

Skipping weekly charts , as all action is coming in daily with such a delightful volatility.
Only weekly 13 ema @ 5730 is my point of interest.

Daily :  The downward channel drawn is broken to upside and a close above it.
              But where are the volumes ?
              As a rule , the upper end of the channel has numerous touchpoints (shown in yellow) making it stronger and stronger . A valid break out should attract immense volumes. I am skeptical about the last session up-move and its close.

Daily MACD barking to take a flight upward ,but  lets not forget it's still below 00.


Where are my chips on the table ?

Its in SHORT side.

It may be today or in few sessions , if there is not any mammoth upside with volumes , all slow gradual boring flat sessions would eventually bring back the RED DAYS.


Stay short till 5730  (Weekly 13 ema)
Multiply Shorts below 5620  (Re-entry into falling channel)

SS