MESSAGES

Passerby bro, thanks for your view, I was trading in weeklies and losing. I will switch over. I am also looking for a big dip and waiting. For levels you are the best ????

So Vamsi Bro, I suggest stay put with june monthly puts with a weekly close above 22.82 as stop for futures. A Mega Mega down move is very likely on its way. While I do not want to depend on news, BJP victory is already is already priced in. Any small disappointment in majaority may create further correction after correction in May. I suggest even book profits in your long term investiments. And get back to later this year or sometime next year once 20.5k is tested. May only Nifty Pharma probably Safe. Myself even booked profits in Gold too. Already moved most of the profits to realestate. This is my view. You also please do your own analysis. My self may post after nifty futures hitting 20.5k.Otherwise I will be just repeating myself again again... Smiley. Trade Safe. Best Wishes.

Vamsi Bro, except the fact that you are trading in weeklies you infact excellent in predicting nifty spot levels. Smiley. You probably know already. Suggest stay away from weeklies. If by complusion have to trade in weeklies then stick to no more than 5digt investment. Or even just 4digt. No change in my views. June 22k pe hit close to 400 on Friday. Having said that futures weekly close is still indecisive. Ek Do Din Ayega Ayega Aanewala DII aayega karake dekhethe rahenge. Wo Nahi Aayega and you find youself suddenly around 21k.. So I am not predicting intraday but currently my direction is still towards 20k with a SL of weekly close above 22.8. Dow Formed a Diamond Top on weekly. 35k target is still visible. I did not expect it to close above 38.5. It is still sell on raise on weeklies. I am happy with my trades so far. And I am still travelling. Will be back home by end of june. So response may be slow. Trade Safe. Best Wishes.

Passerby bro, so now we touched 22.35k yesterday, what is the next leg? I was expecting this down move on Thursday, but it happened on Friday. Lost some money

june nifty 22k pe did not go below 220 even today.. hoping it to travel towards 1k soon. trade safe. best wishes.

Also I have said earlier that reliance and lt hand in hand go either up or down. One an check from 600 levels. So we need to add jiofin value to reliance that can talke it close to 3200. Larsen gave a breakdown on daily chart and weekly daily bearish and currently around 3500. lt may move towards 3333 and below that towards 3k. These moves are inline with the may bearish view I still have on our indices. Trade Safe. Best Wishes.

vnsking bro, Reliance daily and weekly charts are bearish. By not giving a weekly close below 2840 it seems to have averted big fall. But a sell on raise with a daily strong up move or weekly close above 2940 as stop for a move towards 2750 2666. Below 2600 a crash towards 2400. On Daily charts it has interesting roof or domehouse pattern. If there is a weekly close above 2960 then it has potential to make a move towards 3200.... Looks some big can happen this coming tuesday or wednesday on daily chart.. BTW The monthly chart setup for relieance is similar to 2008. And the SL i gave weekly close above 2940 is nothing april monthly close. Trade Safe. Best Wishes.

Any view on ril ………..

One need to have a clear trading plan and execute. Otherwise you will be buffeted and shattered with daily moves. Both pharma and it monthly gave bearish close. fmcg also green cross. Auto Metals over bought. bn swimming against money flow. Along with icici and axis it seems to have finished its breakout target. Both icici and axis also seems to have finished breakout target. With the help of bn somehow nifty ecked out green cross instead of red cross on monthly. 22k pe June pe moved to back above 300 as vix is in favor. If we get a weekly close above 22.820 for futures then I may turn bullish. After a 1200pt massive move by bn nifty futures still around 22.8 then what does it mean. That too with small ICICI Oaisis.. May is going to be very likely mega bearish month.... . Now I am waiting for a strong daily close below 22.620 or weekly close below 22.52 to quadraple my shorts. A weekly close above 22.820 very likely a death of bull market in making... Trade Safe. Best Wishes.

Bro beautiful explanation . It seems like we will be served with 22380 type expiry this Thursday . Bank nifty will get support around 48800 and 48300. The last 45 minute move yesterday is super bearish