MARKET NOT LOOKING GOOD .... SHOULD FALL TILL 5310-5340 TO FILL THE GAP - CAN BUY 5300 PUTS - GOOD BET FOR TGT 5310-5340 SL 50 DMA ON CLOSING BASIS

MARKET NOT LOOKING GOOD .... SHOULD FALL TILL 5310-5340

TO FILL THE GAP & TRIANGLE BREAKDOWN 5555-245 = 5310 ....

CAN BUY 5300 PUTS ....

GOOD BET FOR TGT 5310-5340 SL 50 DMA ON CLOSING BASIS

UPDATE : JINDAL STEEL AND POWER 580 LAXMAN REKHA CLOSING BASIS IN CASH

JINDAL STEEL AND POWER 580 LAXMAN REKHA CLOSING BASIS IN CASH
CLOSE BELOW FOR 2 DAYS BLOOD BATH START - 580 2YR SUPPORT
BELOW 580 NEXT SUPPORT @ 510-500 / 440 / 390

NOW MANTAIN STOPLOSS FOR SHORT TO 50 DAY MOVING AVG CURRENTLY 5520 ON CLOSING BASIS

NOW MANTAIN STOPLOSS FOR SHORT TO 50 DAY MOVING AVG

CURRENTLY 5520 ON CLOSING BASIS ...

EARILER NIFTY WAS TAKING SUPPORT AT 50 DMA

NOW WILL FACE RESISTENCE AT THE SAME

UPDATE : NOW KEEP SL @ 5495 CLOSING BASIS ON NIFTY SPOT - IF CLOSING ABOVE THEN BOOK 100% AND EXIT FROM SHORT - SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340

UPDATE: YESTERDAY AGAIN NIFTY SPOT ON CLOSE MADE BEARISH ENGULFING CANDLE FORMATION - PLUS A SYMMETRICAL TRIANGLE WITH HEIGHT 245 POINTS ---- BREAKDOWN LEVEL @ 5555 NIFTY SPOT

YESTERDAY AGAIN NIFTY SPOT ON CLOSE MADE BEARISH ENGULFING CANDLE FORMATION

ADD + FRESH SHORT ON BREAK BELOW 5555 ON NIFTY SPOT
PLUS CLOSING BELOW 5555 IS MUST - ELSE EXIT
SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340

FOR ST CONFIRMATION NEED TO CLOSE BELOW 5555 NEXT DAY TOO

SUPPORT @ 5495 ON SPOT BREAK BELOW WITH VOLUME
WILL WELCOME FALL OF 50-70 POINTS IN MINS ONLY

CARRY SHORT IN NIFTY FUT AS PER PREV SL 5655 CLOSING BASIS NIFTY SPOT FOR TGT 5530 / 5495 / 5430 ON BREAK 5600 ON SPOT HEAVY SELLING WILL COME

GOOD AFTERNOON - HOPE ACCUMULATED SHORTS IN NIFTY ON RISE

GOOD AFTERNOON
HOPE ACCUMULATED SHORTS IN NIFTY ON RISE
NIFTY ABOUT TO FALL -VE DIV ON 15 MINS CHARTS
BREAK BELOW 5600 ON NIFTY SPOT FREE FALL

NIFTY SPOT CHART NOT LOOKING GOOD - NIFTY WEAK ON CHARTS - USE MORNING GAINS TO SHORT NIFTY FUTURE - INTRADAY FALL EXPECTED

NIFTY SPOT CHART NOT LOOKING GOOD - NIFTY WEAK ON CHARTS

INDICATOR'S : MACD ON SELL / KST ON SELL / B.BAND GETTING NARROW

USE MORNING GAINS TO SHORT NIFTY FUTURE - INTRADAY FALL EXPECTED

KEEPING SL @ 5605-5610 CLOSING BASIS FOR TGT 5530 / 5495 / 5430

SGX NIFTY @ 5599 UP + 52 : ALL ABOVE SPOT LEVELS

YES WILL START SOON POSTING - Bearish Engulfing - Yesterday closing Nifty Spot

YES WILL START POSTING SOON

WILL BE ABLE TO START FROM COMMING MONDAY ONLY

AS REALLY STUCK IN SOMEOTHER IMP WORK SINCE MONDAY

YESTERDAY ON CLOSE NIFTY SPOT MADE A CANDLE PATTERN " BEARISH ENGULFING"

Bearish Engulfing

The bearish engulfing pattern consists of two candlesticks; the first is white and the second black. The size of the white candlestick is not that important, but should not be a doji, which would be relatively easy to engulf. The second should be a long black candlestick. The bigger it is, the more bearish the reversal. The black body must totally engulf the body of the first, white, candlestick. Ideally, the black body should engulf the shadows as well, but this is not a requirement. Shadows are permitted, but they are usually small or nonexistent on both candlesticks.

After an advance, the second black candlestick begins to form when residual buying pressure causes the security to open above the previous close. However, sellers step in after this opening gap up and begin to drive prices down. By the end of the session, selling becomes so intense that prices move below the previous open. The resulting candlestick engulfs the previous day's body and creates a potential short-term reversal. Further weakness is required for bearish confirmation of this reversal pattern.

more can read on the web

JUST A THOUGH - MUST READ

THERE IS NO NEED TO SEEK IMPATINELY FOR GREATNESS FAME OR WEALTH. THE EARTH AND THE SUN DO NOT HURRY, THEY FOLLOW THEIR OWN PATH AT THEIR OWN PLACE. IF THE EARTH WERE TO ACCELERATE AND COMPLETE ONE ROTATION IN 3 HRS INSTEAD OF 24 HRS, WE WOULD BE IN BIG TROUBLE! THE MOST IMPORTANT THING IN LIFE, TOO, IS TO FIND A SURE AND CERTAIN PATH AND CONFIDENTLY ADVANCE ALONG IT.