The Last Post.

hello,
From yesterday, i started group discussion through yahoo messenger, for that u have to login in yahoo messenger through yahoo mail ID and then u have to add my yahoo mail id in ur messenger, then a request will come to me, then i will send u group discussion link at once that time, then u can enter the group discussion, there i will give all information.

My Yahoo ID is " dhar_sid@yahoo.co.in "

And i will also available from 8.30 AM from tomorrow onwards during trading hour.

IT IS REALLY DIFFICULT TO GIVE ALL SETTINGS THROUGH MAIL
so first down load yahoo messenger, then add me , then i will send u link for group discussion instantly there.

There i will give all of you, how i trade and all the calculation and settings and all thing i know about market.
I stop posting because of time factor.



Regards
Siddharth

Nifty Future -- 15-Nov-10 EOD And for 16-Nov-10.

Nifty Future closed after settlement at 6140.25 .
After so many hours NF closed above 7 EMA-- 6115 and 10 EMA -- 6121 and 200 EMA -- 6121.
From the opening Open Interest was showing bearishness,, but during trading hour bearishness was Decreasing and after 3.00PM it turned to bullish.

Now what next..... Tomorrow.

NF is facing resistance at 6139 zone a 70.7 Retrace level.
If it clear this zone then next hurdle zone is in between 6155-6164.
Tomorrow if NF can cross these zone and trade above 6164, then 6198 and above this 6220-6232 level.
If you Analyze through Elliot Wave or Wolf Wave or "W" Curv pattern, then NF will have to Reverse back from any of these zone.

Now from Tomorrow always be careful and put SL with your trade as per your appetite.
I am always use 7 EMA and 10 EMA as a stop loss in different chart, and in hourly format these two EMA's are the best for trend trading.

Nifty Future -- 15-Nov-10 -- 12.11 PM Updates.

After so many hours , NF is showing strength in Charts 15 minutes and 30 minutes and breached PSAR in these two charts.
But Open Interest is not showing strength and showing bearishness, SO be careful

NF can reverse back from these level ---
1. 6123
2. 6164
3. 6198
4. 6232

Watch carefully ..

Nifty Future -- 12-Nov-10 -- EOD And For Monday(15-Nov-10).

Today after settlement, Nifty future closed at 6091.55 and today's low was 6074.
Now major event done today ----
1. Today weekly closing done. Weekly 7 EMA (major trending point always) is at 6091, today first NF breached this level but after final closing(settlement) it closed above this level. That means No major threat ahead(Weekly basis) as of now.
2. Today NF breached PSAR (Parabolic SAR) in Daily chart , A Bearish view daily basis.
3. Breaks Down side supporting Chanel-- can see in the chart.
4. NF closed below hourly 200 EMA.
5. Open Interest Closing basis data Showing Huge Bearishness ( but it can change in trading hour)
6. NF is heavily over sold , but can remain in this zone for few hours or days.

SO its a mixed Result.

Now what Next,,,, on Monday????

From last few month it is visible that when ever Nifty future breached hourly 200 EMA, it goes down more but after few hour it cover up and finally comes above hourly 200 EMA ( it is visible in the chart also).
Hourly 200 EMA is at now 6123 level.

Now on Monday, If nifty future will try to go up then watch these levels ---

6114 and 6125.

IF there is some fall in the card, Then Nifty future will not sustain above these level,and will fall from here.
Or can fall from the beginning.
MY down side target i am looking for ----

1. 6022 ( weekly 10 EMA ).
2. 6012 ( down side Envelop Chanel in Daily chart).
These levels can change 10 points +/- during trading hour, because it is calculated by EOD data.

As of now i am not looking for more down side from these level. If i find out then definitely will post.

Nifty Future -- 11-Nov-10 EOD And Tomorrow.

Nifty future finally closed at 6232.55, Today's low was 6209.4 , very close to my given level( below 6241, 6207-6202).
What happened today---
1. NF closed below 7 EMA in daily chart.
2. NF closed below 7 EMA in hourly chart.

Now if NF can manege to climb up and stay above these level Tomorrow --
6239-6247 --- 6249-6259--- 6260-6270.

If NF can stay above 6270, and can trade above for 30 minutes then only we will assume that a bottom finished and NF is going for next up move
Other wise it is now a sell on rise, Though i think we are very near to bottom ( or bottom out).
Down side below 6202 i am looking for is --
6193-6187.
And below 6180, NF can try to test 6151 and below this 6130-6121.

But not expecting such a deep correction. Lets see...

Nifty Future -- 09-Nov-10 EOD And for Tomorrow( 10-Nov-10).

After EOD settlement Nifty future closed at 6333.45 .
Open interest was supporting through out the day, but it could not cross 6349-6354.

What next and Tomorrow????

NF is now above Pivot point--6314.
Though EOD Open interest data is showing strength, but expecting it can reverse any time.
SO watch carefully the level 6349-6354 and above this 6366.45(R1).
Above this level, NF will be in safe side for long but should have strict stop lose, depends on individual's appetite.
Below pivot point--6314, NF will be weak again and probable down side targets will be --
6241-6207-6202.

Nifty Future -- 08-Nov-10 EOD And Tomorrow.

Nifty future closed at 6296.8, after little bit side ways movement.
At the opening it was gained strength but can go up to 6340, and from there fall started.
Today up 1.00 PM, Open interest was showing that NF has strength below 6300 but can loose strength above 6300 level.
That is why it got support at 6282 -- 10 EMA Hourly, and bounce back from there.

What next?? Tomorrow..

After closing, The EMA'S ( Hourly ) are at --
3 EMA -- 6295.
7 EMA -- 6291.
10 EMA -- 6284.

The EOD(closing basis) Open Interest is showing some strength now. So if same thing continue with open interest after opening tomorrow, then we can expect some bounce back.
So Nifty future will try to go upside, and can try to test the hurdle zone 6349-6354( analyzing on the basis of EOD open interest data, and if continue that).
So if NF can go above Pivot point 6306, will try to test hurdle zone, but first resistance is at 6330.

And down side, If NF can cross down today's low-- 6282, then can test 6256 and break of this can go down to 6202 level.

As of now, this level is playing in my mind. If anything more, then will post before tomorrows opening other wise level will be same for tomorrow.

Nifty Future -- 08-Nov-10 -- Before opening.

Nifty future is over bought at this stage for short term.
Nifty future close below pivot level. If it manages to cross the pivot level 6330.22, then it will try to cross 6349 and 6354, nearest hurdles point, if cross above it and start trading with volume then it will go for 6386 and above this second target is 6421.

But if Nifty future starts trading below 6311 and 6302 with volume then it can go down up to 6256 and 6202.

Initially this level i am watching.

I will upload next at EOD today.

HAPPY DIWALI --- And EOD Analysis..

HAPPY -- Wealthy -- Colorful -- Healthy -- Prosperous DIWALI To All of You.







=====================================================================
=====================================================================



Nifty Future -- 04-Nov-10 -- EOD Analysis.


As of now, Two types of "EW" count possible.
One is leveled with Blue and other is leveled with Red.
Clarity will Emerge on Monday.
In second chart-- Weekly chart, you can see that Nifty future just crossed the PSAR and closed above it which was at 6306. It is a bullish signal.
In Third chart -- Daily chart, Nifty future crossed and closed above the upper Envelop Chanel,
which is also a bullish signal.
So we got Two bullish signal Today. Lets see how it works out ahead.

Nifty Future -- 04-Nov-10 -- Updated at 10.38 AM.

Nifty Future crossed the most strong resistance zone-- 6237-6242.
It should stay and close above this level for further up side fire works.
Before also said if NF can cross this level and can stay above then non stop up side journey, it should stay and close above upper Day Chanel.
Today volatility can also expect from up side, that time will have to see what NF will do, It will sustain or not and close below this level.
Now Day upside Chanel position is at 6252 as of now.
For down side from this level, In second chart plotted supporting Chanel, watch that Chanel also.

Nifty Future -- 03-Nov-10 -- EOD.

Another slow day. Nifty future breached the Chanel support and took support from 13 hourly SMA( which was at 6173) and was trying to cover up, just like false break out.
NF up side envelop Chanel bar is at 6237, NF should try to test this level, if it can come up above the lower Chanel.
It will be interesting to see the action of NF at 6237, if at all it try to test that resistance.
Down side Immediate support at 13 hourly SMA -- 6173, as of now.

Always alert.

If break 6170 Nifty future, then probable fall can start.



Regards
Siddharth.

Nifty Future -- 03-Nov-10 -- Updated at 12.42 PM.

My upside first target was 6178-6188,
And second target was 6208.
Both are achieved.
Now looking for third target 6231-6237-6242 level.
And will have to see , what NF will react at that area.

Nifty Future -- 03-Nov-10 -- Before Opening.

The Chart is same as posted yesterday EOD.

The main level to watch for --

1. 6178 - 6188.
2 Above this can go up to 6208.
3. If break 6208 then can go up to 6231 - 6237.
4. If today's close above 6237-6242, then expecting non stop up side, but for closing 6231-6237-6242 is most strongest resistance .
5. If NF test the area 6231-6237-6242 and fall back, then it will be a good opportunity for short, Test and close below this area will create a long down side journey.

And down side below current level( 6155) --

1. 6120 can act as a support, break of this can go to 6045
2. If break 6045 can attempt 5945.

Will post more when some clarity emerge.


Regards
Siddharth.

Nifty Future -- 02-Nov-10 -- EOD.

The movement is like any 4th wave.
There is nothing to analyze, only level's.
1. In day chart, Last Parabolic SAR is at 6177 ( yesterday it was at 6196).

2. The main "A" wave length was 310 point, 75% Retrace level is at 6208.

3. The level 6178 to 6188 can act as a strong resistance level.

4. In day chart, 6237 level will act as most strong resistance level as a closing basis. Any break above this level, closing basis, will get a new break out, just like previously got break out at 5550 level, The same upper level Envelop is now at 6237 level in day chart.

And Rest is in the chart.

Nifty Future -- 02-Nov-10 -- Update at 12.18 PM .

Nifty future is now in any 4th wave(behave looks like that).
After completing this wave , it can go up to 6178 to 6188, and if it start trading above 6200 then it can go up to 6231 to 6237.
And after completing 5th and main "B", it will start "C" wave journey.

Above 6242, if trading then, it will be a clear cut up move.

As of now, This picture is in my mind.

Nifty Future -- 02-Nov-10 -- Before opening.

I am intact with my last day EOD analysis.
Only adding few points ---
For down side if any body will short, just keep watch these level carefully, NF will try to take support here ---
1. 20 DMA -- 6112
2. 3 DEMA -- 6090
3. 13 DMA -- 6081
4. 5 DEMA -- 6078
5. 7 DEMA -- 6077

Any break of 7 Day EMA, Free fall will start.
Down side target intact and will place more down side targets if both hit.

Above 6207 for longs --
1st target is at 6237(sorry, it was typo mistake-6037).

@K.R..
Sorry and Thanks for notice..




Regards
Siddharth.

Nifty Future -- 01-Nov-10 -- EOD.

Today after gap up opening and after 11.30 am, I was expecting that, Nifty future definitely go above 6200 level.
But after 2.00 pm it was not showing any strength, but at the same time and from starting also open interest was giving huge support.

Possibilities are ---

1. In 1M,5M,15M chart, it is clearly visible that it is a 1-5 wave unfolding, but currently 4th unfolding or completed.
That is why, I suggested to come out from longs. Only small last fifth wave left, which can go up to 6178 to 6188. I am not sure that whether it will unfold or completed.
And Large "C" will start unfolding.

In second chart(1M chart), it is clearly visible that, NF breached three times 200 Min EMA in last trading and came up. When ever this type of behavior took place, finally it breaks the 200 EMA and go down deeply. Now it is at about to break.

So, we can short Nifty future from 6178 to 6188 level with placing SL at 6200 or 6210 level.
More conservatively we can short Nifty future, If and when Nifty future break Tomorrows NF Pivot point which is at 6138.16 level, or break of 6129 level( 7 EMA-Hourly) or break of 6125 level tomorrow.
My down side first target is at 6038 and second target is at 5945.

2. In daily chart, the last Parabolic SAR is at 6196 level. Tomorrow if Nifty future can cross it and stay above 6200 with volume, Then only it will go farther up, and that time we will have to understand that, 1 to 5 wave not completed and currently we are in any 3rd wave.
I will post up side target if only Nifty future will stay and sustain above 6200 level tomorrow.

I think, we should close all longs now..
Because, NF not moving any more..
Tomorrow will see again.


Regards
Siddharth.

Nifty Future --11.58 AM Updates --After Opening.

Now Nifty Future should sustain above 6125 and 6115 level.
Nifty future R1 is at 6124.25 .
If it can sustain above these level then can see 6178 and 6207.
Nifty future R3 is at 6183.90.

And Open Interest is also supporting strongly as of now.

Nifty Future -- 01-Nov-10 -- before Opening.

Nifty future Closed at OB zone Intraday on last Friday.
Now at up side there is lot of resistance zone -- 6068/70 to 6091.
Nifty future can bounce back from 6070 or from above.
If and only if nifty future can cross and sustain above 6091 ( 13 DMA ) with volume, then can only expect that nifty future can go up to 6125 to 6150 level.

But if Nifty future bounce back from up side resistance zone, 6068/70 to 6091, then watch 6030 (200 Hourly EMA) .
Break of this 6030 level can face a little support at 6015 (7 EMA- Hourly), and break of this can go down side .
At down side, Nifty future will try to bounce back from 5950-5945 level.
If break these level, a little support at 5930 ( 10 EMA- Weekly).
Below this level one support zone is at 5885 (55 Day-EMA).
Below this level i am looking for 5874 (3 EMA-Monthly).

As of now, This figure is in my mind.
And one more thing, always have to watch open interest.

Nifty Future -- 29-oct-10 -- EOD.

Today after opening, when nifty future came down below Hourly 200 EMA( That time it was at 6031), from that time it was trying hard to go across hourly 200 EMA, when it could not, fall started from there.
Weekly 7 EMA was at 5991 at opening hour after yesterdays close. But during trading hour today, it came up at 6004.
Nifty future weekly close done above this level. Suppose, if fail to do so, then it could correct for several weeks. That means, if any correction left ahead next week, will definitely cover up within next week.
Now, today after fall it covered up and got resisted at 20 D-EMA and fall back.

After closing--
20-D-EMA --6059
7-D-EMA -- 6052
10-W-EMA -- 5930
55-D-EMA -- 5885
3-M-EMA -- 5874

From first hour to around 1.00pm, open interest was showing 50-50 possibilities but slightly down side biased. But during fall it was supporting down side.
And after 3.15pm today, i noticed that open interest was highly supporting down fall, huge call writing was visible that time.
So on Monday, if written call's are not covered, then fall will start.
And if 10 Week EMA (5930) is break, then Nifty Future will test 55-D-EMA (5885)and break of this, can test 3-M-EMA (5874).

Nifty Future -- 29-oct-10 -- Updated 11.43 AM.

Its a 4 hour chart.

A First Rise setup can form, and Inverted HNS can form, if nifty future can rise from here 3 hour more, or if close above 6031 today.

Nifty Future -- 29-oct-10 -- Updated at 10.53 AM.

Nifty future facing resistance at 200 EMA -- 6031.
And above this more three resistances are mentioned in the chart.

Nifty Future -- 29-oct-10 -- Before opening.

Oct'10 series closed at 5987, and nov'10 series nfity future is at 6064.
77 points premium.
So cannot post chart, after opening i will post chart.

Main points are--
1. Nifty future breached 7 week EMA yesterday in oct'10 series , which was at 5991, but in nov'10 series it is safe.
In any case, Nifty future should not break and close below 7 week EMA today, as because today is also weekly closing.
If it close below 7 week EMA today, then can expect a deep correction farther ahead.

Upside, strong resistance zone is at 6081 and 6097.
And if nifty future can cross 6109 and stay for one hour, then can expect more upside as of now.

And downside support zone's starts from 6040 - 6019, any break of this zone can test down side support zone which was at and still also at 5987 - 5970.

Weekly 10 EMA is at 5920. This can also give support and can bounce back from here( if any fall up to here ).

So keep close watch at the level 7 week EMA- 5991, should not close below this today.

Many more after opening.

Regards
Siddharth.

Nifty Future-- 28-OCT-10--At opening Hour.

Down side supports area are 5995-5987, and 5962-5946 ( All Red Lines ).

Watch up side levels are 6032-6068-6089-6107-6133 ( All Blue Lines).

I will be not available today during Trading hour.

Nifty Future ---MMA System -- 27-OCT-10 -- EOD.

A new system called MMA(Multiple Moving average), Based on Guppy MMA, Inventor Daryll Guppy in 1997( check his website "www.guppytraders.com).

Through this system, we can identify trend or buy sell signal.
I was watching this system from last few days, and find out its working well. Last signal it was a sell signal. I will let you know or post this chart again when it will give any buy signal .

Now at down side, i found a support area at 5995-5987 as per EOD data.
Below this, another support area is at 5962-5945.
My another system signaling that we are very near to bottom or it made already.
Any way MMA system will give signal for buy if bottom already made, as of now not giving any buy signal.

Nifty future-- 27-oct-10 update

Nifty future will confuse in this 6102-6220 zone. Any break of 6056 with strong volume and stay for a hour can give strength for down side momentum.
Up side targets are 6187-6194-6220-6235-6247.
Any Strong break of 6247 with volume and momentum can set up side target of 6363.
And open interest should also support this kind of up side movements, other wise we can stay in confusing zone.

Few words at 11.43 AM - 26-oct-10.

Open Interest showing mix result ( nifty spot ).
Below 6100 level nifty spot is weak and above 6100 nifty spot can gather strength.

As of now at 11.43 AM, open interest for nifty spot only showing this and nifty future will act based on nifty spot open interest.


Regards
Siddharth.

Nifty Future--25-oct-10 EOD and for 26-oct-10

It is not looks like any fresh 1 to 5 wave's. Movement was not sharp up side, rather movement was mixed with up and down side.
This can be simple zig-zag corrective "B" wave or irregular "B" wave.

1. Can take "B" complete today and starts "C" unfolding down side. I think if nifty future fall below 6080 and stay there for 45 minutes, then It can go down side towards 6002-5980-5945.

2. For zig-zag "B", first it can come down to 6102 level and then go up side towards 6187-6192-6222.

3. For irregular "B" , it can also come down to 6102 level and then go up side for new high.


As of now these possibilities are playing in my mind.

Updated at 2.52 PM-- 21-oct-10.

The open interest was showing huge strength.
But as of now, strength is reducing.
Be careful about it, because, I think distribution is going on from big hand to others at the high level.
It seems, it is not a fresh 1 to 5 wave's. Rather it is any sub wave of "B" i think.


Regards
Siddharth.

Update at 10.29.AM, 25-oct-10.

Nifty future crossed the 6150 barrier..

A good news is that -- Open interest showing huge huge strength, as of now at 10.29 AM.

Lets see.. Hope for best..

Nifty Future for 25-oct-10.

Find out three probabilities only.
The Labellings are not made by Exact calculated figure.
Through this, I am trying to find out the next swing of the trend and the approximate targets.

1. In this scenario, We can say "A"-"B"-"C" complete and moving with fresh 1 to 5 waves for new up side target.
But for this scenario, so many things have to be clear first.

===================================================
2. In this scenario, "A" complete and "B" also complete and "C" is unfolding and can go down to 6002-6010, or 5980, or 5945.











====================================================
3. In this scenario,

(i) Main "A"complete.
"B" also Complete and now "C" unfolding with 5 waves. With this analysis it is visible that, this "C" can correct more deep, any thing below 5900.

(ii) Main "A" complete..
"B" is unfolding and can go up side up to 6170- 6187, or up to 6222-6235.
And from there "C" will start unfolding with 5 waves, and can go down up to 6010-5980-5945.

And then after fresh 1 to 5 wave will start.

Nifty Future -- After 22nd-oct-10.

Nifty Future could not cross above upper Red Chanel, and breached side support Chanel.
Now the question is what will be the next. So many probabilities gathering here.

Bulls Eye ----->

1. Yesterday(22-10-10), short term indicators was at OB zone. Nifty future could go down below 6000 easily, but it did not.

2. This Weekly closing is above all EMA ( 3,5,7,10) and upper envelope also, And This week bounced back from weekly 7 EMA.

3. FII Net bought Equity(Rs. crore) ============================ Debt (Rs. crore)


From 2009 oct -- 2010-sep --- 113,514.20 ====================== 56,206.20

From 1st-oct-10 -- 21-oct-10 --- 21,051.20 ( 18.55% of last 12 month's) === 158.00

In September 2010 ------------- 29,195.80 ======================= 7,625.30

In August 2010 ------------------ 11,185.30 ====================== 1,988.40

As of now FII Invested Good amount in cash market.



Bear's Jump ---->

1. Closed Just at Day 7 EMA(micro down).

2. 35-D, or , Hourly Stochastic was at OB and turned down.

3. Could not cross above 6150, just tested and fall.

4. Closed below Daily 10/13/20 SMA.

5. Hourly Chart Showing weakness.


And many more....


So Have to find out Probabilities..

I am finding out 3 - 4 Probabilities,, and will post Tomorrow..

Nifty Future -- 22-oct-10 -- Before opening.

Few Points ( The two Red Chanel) need to be watch carefully today from the opening.
The upside Red Chanel will act as a resistance and break of this will be heading towards the upper target.
The side Chanel will act as a support and break of this will be heading towards down side vital support zone.
Always be alert.....

Nifty Future - 21-oct-10 -- EOD.

Today from morning nifty future was showing strength, and yesterday night at 10.37 pm posted a comment here, that EuroUSD showing strength.
And Nifty Future was getting Resistance at 6045-6058, and 6082-6097, and these level i mentioned at 9.46 am.
Due to Power problem and Net problem, I could not continue posting during Trading hour from last 4 day's, Hope from tomorrow it will be O.K ..

Now, Tomorrow, Nifty Future should not break the two lines, 6074-6082 ( Two Red Lines), It is a vital support zone, any break out will start another round of fall again, but not expecting as of now..

Up side, Two target i am looking for--
1. 6187 (Green Line).
2. 6235 (Blue Line).

I strongly believe that nifty future will touch the upper blue line at 6235.

Analysis based on Data available as of now.

Nifty Future-- 21-oct-10, 9.46AM

Hope nifty future is bouncing back. Main hurdles is between 6045- 6058.
NF should cross this first hurdles. Then second one is between 6082-6097.
NF should close above 2nd Resistance zone. Then only clear up move starts.

And main good news is that, After so many day's Open Interest starts supporting up side journey as of now..

Will Post more ..


Regards
Siddharth.

Nifty Future-For 21-0ct-10

On Thursday (21-oct-10) Expecting down side more up to 5955-5939.
These two lines are strong support area.
Before also these two lines were support area.
And now, daily 34 EMA-34SMA both are here, and weekly 7- EMA also here.
Its a strong support area.
And after testing these lines , I believe that nifty future will start up side journey for new high, in this month.
Open interest should also support this.
Lets see..

Nifty Future Only--20-oct-10--Before opening.

As expected Nifty future will open gap down, expecting 5990-6010.
NF will try to cover up and expecting any range up to these black lines--
6120
6128
6132
6155
6193
I am expecting up side will be a trap for long.
Any body having long position, should come out at any up side level. You can go long when the market will strong again. Now weakness is reflecting.
After up side relief rally, i will post down side target today any time..

Again i said be cautious about longs.

This analysis is made for current situation..

19-oct-10--EOD Chart.

To day, I was expecting at least nifty future can go up to 6194 and then fall.
But it resisted at Chanel .From last two days open interest not at all supporting up side journey, some times it was showing side ways and some times down side.
Any way, Tomorrow nifty future again will go up side, but that will be a Trap.
Tomorrow morning, I will post another analysis- before market opening.

19-oct-10--Before opening.

Watch 6069 level very carefully, break below this level and stay for 10-15 minutes then another round of selling will start.
Now for up side there is two heavy resistance point i found (Blake lines) --6194 and 6240, and this is also HNS zone.
Any body long should strict trailing stop-loss, as of now trailing stop-loss is at 6069.
HNS zone will clear above 6275.
Up side first target is at 6338-6348 (Green lines).

ALL Levels are always for nifty future.

18-oct-10--EOD.

Nifty future, turned back from near 6000 level and again above 6042.
It was showing strength from 6036 level. Now hourly chart is also in strength. Because of , hourly intra-day over bought, nifty future can go down few points tomorrow after opening.
1> Any one can go long above 6145-6150 level.
2> Always have to be alert about HNS (bearish in nature). So a trailing stop loss will require.

When it will reach in safe zone from HNS zone,, after that my upside target will be intact.
Up side target's are--

1. Target 6338-6348.
2. Target 6386-6408.
3. Target 6455.
4. Target 6519.

Happy Vijaya Dashami To All.

I found the correction was due in a chart. Tomorrow nifty future maximum can go down side to 6042, if any down side at all there..
On last Friday after 6.00 pm settlement, nifty future closed at 6092 (which was my last 3rd target).
The entry point to go long for conservative is 6145 (orange line ) , and another point before this point is 6125 (orange line).
The up side probable target is--
1. Target 6338-6348
2. Target 6386-6408.
3. Target 6455.
4. Target 6519.

Will always be there at Just Nifty..

Happy Maha Navami,, Happy Durga Puja To All

As of now, I go through different probabilities. Calculate with different MA's with different angels, Calculate through FIBB's and Channel's with 20 different angels..
But not found any panic or weakness.
Lot more work to do, with more different angels.. I will Update and post fresh chart Tomorrow with probable up side Target.
I am in long and made it before closing yesterday.. Lets see..


Regards
Siddharth.

Happy Durga Puja to all,, Today Is Maha Ashtami.

Posting only few words..
HNS pattern can form,, we have to be very careful about it..
In monthly chart all volume and the position made before in this month, all are vanished,,
We are standing on a edge, just edge.
Any negative closing on Monday can trigger a long down side..
Though i am not expecting that as of now.
I initiated long position today, just few minutes before closing..
Why i told "powertrader" not to take any stop lose , because stop lose cannot give money, but stop and revers can give..
It is oversold in intraday, expecting bounce back from Monday..
Not pointing out any up side target at once. Just posting few words only and will post Tomorrow or day after..
We can gather tomorrow morning after 9.00 AM at " Just Nifty" for more conversation.
We will not trade with any biased focus, we will trade for business..
Lot more thing have to analyze first , then only we can come to a conclusion,, because its a typical situation formed. Its a challenging scenario, but have to win any way..

Jai MA DURGA..

Happy Maha Saptami--Happy Durga PujaTo all

If you have missed this huge up-side rally--no problem..
If you have missed this corrective down side rally( going on)--no problem..
But don't miss out next rally upside..
Tomorrow after opening, if nifty future starts going up, then it can maximum retrace up side up to 6227( black line )..
If nifty future can stay above 6230 for 1 hour after opening tomorrow, then only it can only start next up side rally..
But i think nifty future can only retrace up side, if any retrace at all there, to 6227 max and fall from there.. Down side target i am looking for up to 6132-6116-6092( light pink colored lines-down side).. I feel at this moment nifty future will not break 6100 level.. From down side we can go for long. I will post my comments at just nifty when nifty future will reach the bottom tomorrow-as per my view.. I an in short position and i will book profit at down side or i will revers my position if nifty future stay above 6230 for 1 hour after opening tomorrow..


Now about my OPTION strategy, which i discussed few days back ,,, if you can take some risk then you can go for it,, it will be low risk- high reward ratio.
If any one interested,can take the following contracts..

1. Buy any one of 6600-6700-6800 CE ( call- November Series ),, but it should be below 20 and which ever is higher price in between 6600 to 6800.
2. Buy any one of 5500-5600 PE ( put- November Series ),, but it should be below 20 and which ever is higher price in between 5500 and 5600..

Disclaimer-- I will buy this ,, but for others- it is of their own risk( in stock market any can happen any time and you can lose your all money ),, or can try in pen and paper only.

A triangle formed.. Expecting up side break out..
From today's morning also open interest was showing strength and still showing strength..

13-oct-10--EOD..

What is the difference between 1st and 3rd wave-- these are the same type of wave's,, only major difference is the length.
what are the difference between 2nd and 4th wave.... looks like same,, but the major difference is that 4th is always a time and price correction, where 2nd is price correction..
3rd and 4th wave can continuously appear as a sub-wave..In bigger format it can be seen as 1st and 2nd..
Any way..
There was always a anti action against any action,, and still also and will be also..
Now i fell nifty future will not enter 6000 level any more for few months..
Tomorrow we can get a short term Top,, and can short initiated from there..
I will update time to time..
Today i failed to alert you guys ,, after opening,, but i was always there at just nifty and posted my view's..
Tomorrow i will post more after opening..

Every alone person needs some blessings from GURU'S and expecting always..

Happy DURGA PUJA -- Today is Maha Sasthi.

Nifty future can retrace up side up to two black lines.

Some down side targets are labeled with Green lines.

To simplify your trade,, i am working on it,, that time you can take decision more prominently..

Any suggestion,, please leave message .

12-oct-10--update at 11.30 AM

As i said yesterday's post, that if nifty future break below "6145" for 1 houre and 30 minutes, it will not be able to come up again and for this scenario,, "B" unfolding was over.. And "C" starts unfolding..

Some down side target's are leveled with green lines..

11-oct-EOD and some analysis for tomorrow.

The journey of 6300 seems to be very much resistive.
Today Open interest was also not supportive to go up side. From any angle Nifty future was not reflecting any bullishness.
I feel that some down side is left for unfold. So there should be some shape in EW for this down trend from 6248.
A bigger "A" is complete. Now bigger"B" is unfolding in which, sub-wave "a" done,, sub-wave "b" also done,, and last sub-wave "c" is unfolding and i think max to max it can go up to 6174 - 6210, and through this bigger "B" will complete. Now, if tomorrow nifty future starts trading below 6145 and trade below this level for 1 hour and 30 minutes from opening, then NF will not be able to come up to complete bigger "B", and in that scenario, we have to think that bigger "B" completes and bigger "C" is unfolding..

11-oct-10,,Morning update.

Some Resistance point for 6300 Journey.
1>6152.
2>6173
3>6186
4>6210
5>6248

Up side target intact,, upper two green lines.

Nifty future should not break 6120.

Any one made long position, should take a stop loss at 6120..
My Trailing stop loss for long-- i will post every time at "Just Nifty " blog..

08-oct-10--EOD..

Nifty future touched two pink line, 6110 and 6103, and from below pink line it bounce back--- I was posted it today morning at 9.10 am, that i can happen.. Its done..

Nifty future closed above 6125,no problem at all now..

On Monday, if nifty future can manage to stay above 6120 level and not break it,, then it will run up side..
My up side first target is-- 6306, and second target is 6339..

Two black lines up side--
1-- 6306
2-- 6339

Only NF Weekly chart is disturbing( not posted )..