NIFTY JOURNEY FROM 5800 TILL 5328 - ALL SHORT ARE SQUARE-OFF - NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS - HOPE ALL ENJOYED THE FALL - STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

as had to rush somewhere far off for some urgent legal doc / paper work need to be done.
so could send update during market hours

due to some error and mistake we took and calculated wroug sl @ 5380 as posted yesterday late night

But the positional stoploss level come @ 5425 on nifty spot on closing basis.

NOW AS THE MARKET CLOSED ABOVE 5380 BUT STILL THE LEVEL COMES AT 5245

NOW AS PER 5380 LEVEL ON SPOT ON CLOSING BASIS ALL SHORT HAVE BEEN SQUARE-OFF

HOPE ALL MUST HAVE BOOKED THE REMAINING 20%-30% OF  POSITIONAL SHORT POSITION IN NIFTY

WE HAVE A G8T JOURNEY FROM 5800 TILL 5328 :: HOPE ALL ENJOYED THE FALL

AND THE EARILER MOVE'S AND THE JOURNEY IS JUST THE PAST & HISTORY .. WE DO KEEP A TRACK

TODAY SESSION WAS HIGHLY VOLITAILE DUE TO EXPIRY - BIG SWING CAME IN MARKET ON BOTH SIDES AND AT THE END OF THE DAY GOOD GAME WAS PLAYED BY SMART MONEY WITH MAY 5400 CALL.

NOW WHAT NEXT ON NIFTY - TO GO LONG OR RE-ENTER SHORT'S - A SMALL ROAD MAP FOR COMMING DAYS

NOW 5425 ON NIFTY SPOT ON CLOSING BASIS ABOVE OR BELOW WILL ACT AS VERY IMP LEVEL

STILL AS PER CHARTS NIFTY NOT LOOKING GOOD

ANY SIGNLE DAY OF A BIG OR SMALL JUMP PEOPLE GET EXCITED AND JUMP INTO JOY AND START BUYING - SAYING AAJ YA KAL WHAT EVER MARKET KA BOTTOM LAG GAYA HAI & START BUYING AND THE VERY NEXT DAY END UP WITH SAD FACES AND ALL JOY AND EXCITEMENT GOES AWAY

WE ARE WATCHING AND SAME SINCE 5500-5600 ODDS LEVELS

" CONSIDERING THE RECMD MADE BY MANY MARKET ADVISOR CUM TA's "

BELOW ARE THE TWO SCENARIOS GIVEN 1) FOR SHORT AND 2) FOR LONG

1) NOW AS PER OUR READING ON CHARTS IF NIFTY SPOT FAILS TO CLOSE ABOVE 5425 TOMORROW I.E FRIDAY - ONE SHOULD RE-ENTER THE SHORT POSITION IN NIFTY WITH STOPLOSS @ 5460 ON CLOSING BASIS FOR TGT 5310 / 5245 / 5095 / 4985

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE BELOW 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE ABOVE 5425 THEN ONE NEED TO EXIT AND REVERSE FROM SHORT TO LONG POSITION AS PER THE LEVELS POSTED BELOW

2) NOW SUPPOSE IF NIFTY SPOT MANAGE TO GIVE CLOSING ABOVE 5425 TOMORROW I.E FRIDAY
THEN ONE SHOULD GO LONG ON NIFTY WITH STOPLOSS @ 5310 ON CLOsING BASIS
FOR TGT 5530 / 5640 / 5750 / 5860

FOR CONFIRMATION NIFTY SPOT NEED TO CLOSE ABOVE 5425 ON MONDAY ALSO

BUT IF ON MONDAY NIFTY SPOT MANAGE TO CLOSE BELOW 5425 THEN ONE NEED TO EXIT
AND REVERSE FROM LONG TO SHORT POSITION AS PER THE LEVELS POSTED ABOVE

MORE UPDATES ALONG WITH DAILY AND WEEKLY CHARTS WILL BE POSTING THIS COMMING WEEKEND

OM SHRI GANESHAYA NAMAH