The First Day Market View

So it will be the first day of the new year....
Wishing all our blog viewers a very happy new year trading..

Come to the point, suddenly on the last day of the year all bank go on holidays???? take icici, hdfc, sbin all are weak from the first trade of the today...

Will this again happen tomorrwo also and what happens if Reliance will also join them...

We cant say that there is not such possiblilty, To regain some momentum tomorrow mkt needs to close above 3000....

Sbin hold short with strict stop loss of 1320 resistance for unitech is 43 on closing basis and for gmrinfra 80 on closing basis.. unable to hold may lead to 5 to 10% down side deffinetely...

DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

30/12/2008 mkt view

mkt has made a very sceptipal move from here is is bull or bear will rule the market from here very difficult to say.

there are many scripes which have clearly not crossed its resistance, i.e. infosys one should think why in cash it just make a high of 1119.6 what makes .40 paisa different in it.....

this big jiant has what interest in this .40 paisa.

in the same way bhel has 1400 is great resistance...

nifty above 2970 is not sellable and for tomorrow below 2900 mkt will be weak again...infosys has great resistance at 1120 at the same time stoploss for this scripe is 1135... for sell position

DISCLIMER-ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

29/12/2008 mkt view

its very simple to trade in "V" shape market. Easily one can predict when bull/bear will rule the market.

"V" shape its self means (\) at first line top is resistance and bottom is support if support is not broken surely market will follow (/) second line to reach resistance level or somewhat around this and will complete the "V".. now resistance is at 3150 and support is at 2770 calculate yourself and trade...

cement and steel sector not showing strengh reliance, sbin weak...

DISCLIAMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

26/12/2008 mkt view

So our last update was on 19/12/2008 hoping that all bit giants will go on leave for coming christmas and big vacations and markte may be good for bear to rule..

Will this happeining surely?????
Answer AT CURRENT SITUATION , deffinately YES..

all bigies like RELIANCE, INFOSYS, BHEL, SBIN is at great bear grip.

Market is making a new low everyday for last couple of days and is not sustaining at his previous high....at this pace 2500 is not so far..

But be cautious some stimulous package is coming may give some bounce back but it needs to be sustain above 3150...which at this pace i dont think will sustain

tomorrow if mkt touches 2800/2825 not surprice



DISCLAIMER-ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

19/12/2008 mkt view

now the point arise will BEAR rule 2mrw in market

Answer probably is YES.

Reason heavy weights like ADAG group, SBIN, ONGC, INFOSYS all have given enought short covering rally..

Taking broader sense if mkt closes below 3140 mkt will be in bear grip, i expect to have flat to negative sort of opening not surprise if mkt touches 3100+ tomorrow but very crucial for markt to sustain at 3140 level....

Cross d finger we may also see 2950 in nifty in tomorrwo trade....

surpris 3140 to 2950.... but uptill market has givn such movment lets we can only hope so that this will happen..


Tomorrow may be a good chance for bear to rule

DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

18/12/2008 mkt view

Its still not an start of bear market.

A person is alive till a last breathe in the same way we assume that bull is alive till 2880( may turn from 2880.10 even) not broken and again could go upto 3100+.

SATYAM very interesting move one should think of such a share to accumalate gradualy....surely will give a better return....

No doubt if again SATYAM dont surprice if it doesnt brake 120 level..

Mkt trend +ve untill 2880 on a closing basis


DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

17/12/2008 mkt view

so now the big question is this how much this rally sustain.
Is it 3150 or 3200 or 3500 or 4000+....

This sort of market is very good for technical study as well as do some logical trading.

Here novice should pick some heavy weights like reliance, lt, sbin, and direct their trade as per the strict stop loss.

one needs to follow the trend in the market and good thing about trend is that there is only two probabilty of trend either +ve or -ve.

looks quite easy in words but dont worry regular trader makes it is in practical also. I wish this blog will always help you to know the TREND the rest you can do yourself.

market will alway be weaker or stronger about certain points and follow the strict rule you will always win whether its BEAR market or BULL market, this will never stop.

HAPPY EARNINGS...........


DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

16/12/2008 mkt view

At this juncture it is clear that there is less to sell than buy.
For any of our long position now nft stop loss should be 2900 than 2770 now.

Today reliance, lt, rpl, essar, hdil has shown great peformance mkaing dflct for bear to rule the market,

Market is getting tune with the Reliance so better to tap reliance movement and trade the market.


DISCLIAME- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

15/12/2008 mkt view

first of all welcome FOLLOWER

mkt here making sign not really sure which way to go, it will not be fair if we say tomorrow will be starting of bear market since RELIANCE story may hold market firm.

Only reliance can make a diffarance in the market if it show some unwanted move then market may show really a disaster.

Neverthless still for me 2770 will be a key point to look after. One can short unitech at 36.5 strict stoploss on closing basis


DISCLAIME- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

12/12/2008 mkt view

surprise movement with RNRL, RPL AND RELIANCE all three are tremendous but failed to go beyond their crucial resistance level....for rnrl 59 and rpl 88 is a crucial resistance ...

Many scripes trade in a such a way which may give new low tomorrow and not surprice if nft touch 2800 i.e. 100 point below from today, here also 2770 will be the final support for us.

strictly one should keep in mind that there are certain level at which mkt get stronger and weaker

DISCLAIMER-ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

11/12/2008 mkt view

so now 3140 looks nearer than yesterday.
though i alway find shorting opertunity than buying opertunity so i always think about the peak point where posbl mkt may weak.

now the big support only come at 2770 spot nifty and resistance at 3140 level

trade accordingly since many scripes like tata steel,grasim,dlf, hdil have shown out of range movement in their respective chart.

strictly short market below 2770 or wait unitll some clear peak to come where weakness arise in the market.

DISCLAIMER-ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

10/12/2008 mkt view

Now the big question is this will market make new bottom from this level????
The answer may be........ NO

So what would be the next levl to watch out for? My mind thinks of 3100+
As huge build put build up seen in 2700 level we see a nifty range of 2700/3100 which early was 2500/2800(many bla bla including stockjocky) thinks so.But here mkt shown some change in mood it didnot breake 2550 and return from 2570/80 level and move upto 2860 level crosing our previous range of 2500/2800.

Mkt may give again buying opertunity near 2650/2700 level which may lead upto meaning ful rally

DISCLAIMER: ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

08/12/2008 mkt view

So its a good short from DHIRUKAKA AND O.P. BHATT again......

Many booster has been introduced to market their effect is just temprary or will last upto nifty level 3140 that will be known tomorrwo only.
But for that nifty needs to close above 2850, RIL above 1190 and SBIN above 1250, is it posble???????? I doubt if really happen so forger to shrot market and even dont short markt untill this picture gets clear. U may initiate short with this stop loss but it is risky very risky...(i wish your risk will pay to you in a better way).

Bear will again rule the market only if on a closing basis mkt ends at 2770 nifty spot...

IT scripes have shown weakness be careful

DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY.

05/12/2008 mkt view

This is called the FANTASTIC,,,,,,,,Jiyo mere O.P. BHATT & DHIRUKAKA.
Today both RELIANCE & SBIN done its work these short of market is just like a statement to trader like me not an assumption....

Those who follow this BLOG must be knowing that this is second time that the same anticipated rally we got from both these GIANTS .......... and after that heavy sell off...the same may happen tomorrow????????

QUTIE POSSIBLE LOOKING AT RELIANCE,DOW JONES MOVEMENT

here one can initiate short at 2850 strict stoploss with target below 2600.....and again tomorro it will be RELIANCE only who will rule/kill the market.

DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY

04/12/2008 mkt view

Friends today was really a boring day for a trader like me,,, it take too much time to get out of your single trade, making difficult to take a call on market trend...

I advice all our group to take 2650 as a point under which we may consider a weaker market but at the same time above 2580 mkt is strong enough to give a mening ful rally....

I consider relinace to give some relief rally to market in supporting with SBIN if anything good happen tomorrwo these both may be the driver.

At this time if you want to short markt do so with 2675 strict sl(cash) and if want to long mkt do so with 2580 strict sl(cash)...remember 70/30 ratio says upside is more than downside...as if when writing this.

Looking at Dow movment closing below 8400 looks weaker scenario.

DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY.

03/12/2008 mkt view

Now nft doesnot look from here that may break 2580 very quickly... as long as in intraday mkt doesnot close below 2650 its not a bear area.........bulls are contrling the makrt and if it really happens we may see some 300/400 point upside rally...


BEAR PLEASE BEWARE OF THE MARKET

02-12-2008 market view

Simple thumb rule..mkt anghute par chal raha he...we would may see 2500. Or 2550 level by 2mrw...enjoy BEAR...