2 Days back our friend sent following message ----
SILSILA - NIFTY STYLE :
Main aur meri tanhai
Aksar yeh baatein karte hain---
Teji hoti to aisa hota
Teji hoti ti vaisa hota---
Hum yeh lete hum voh lete---
Hum iss scrip ki delivery lete
Hum uss scrip ka future lete---
Magar yeh ho na saka
aur ab yeh aalam hai---
Ki stock bhi nahin aur
margin bharne ke paise bhi nahin ---
Guzar rahi hai zindagi kuch is tarah ---
Jaise usse koi bullish signal ki umeed bhi nahin---
Mai aur meri tanhai
aksar yeh battein karte hain---
BUT FRIENDS TECHNICALLY INDIAN MARKET ALL READY ENTERED NEW BULL MARKET.
FROM DEC 2011 ON THIS BLOG WE ARE ADVISING LONG TERM INVESTORS SHOULD INVEST IN STOCK MARKET DURING CURRENT FALL. HERE ARE SOME LINKS TO OUR POSTS FROM DEC 2011.
1) IS IT RIGHT TIME TO INVEST IN STOCK MARKET FOR LONG TERM INVESTOR ?
2) DRAMA - WILL IT REPEAT THE SHOW ONCE AGAIN ?
3)FOLLOW UP WILL IT REPEAT THE SHOW ONCE AGAIN ?
4)BEGINNING OF NEW BULL MARKET ? ( As mentioned in this post INDIAVIX given weekly close below support line on 30 march 2012 )
5) INDIA VIX IN BEAR MARKET ( As mentioned in this since last 2-3 weeks we r seeing beginning of positive news flow )
6) NIFTY LONG TERM VIEW UPDATE
7) http://www.kolhapuritrader.blogspot.in/2012/06/long-term-view.html
8) http://www.kolhapuritrader.blogspot.in/2012/06/follow-up-long-term-view.html
9) LONG TERM VIEW
10) ??? OPPORTUNITY
These are the various links where we repeatedly mentioned and advised regarding long term . Now those who have invested according to these views can hold there investments. As of now if NIFTY gives weekly close below 5215.7 then and then only there is possibility of down trend otherwise this up move will continue with intermittent corrections/ falls. This level will change according to future price action which we will mention on blog so keep following. Now even if NIFTY gives weekly close below 5215.7 those who have invested will exit cost to cost or with some profit.
NOTE:- For investors who have not invested yet --- 1) wait for 2-3% fall/ correction and then invest OR if u are ready to bear loss of 8-10 % for possibility of handsome gain can invest at current level. But word of caution key to success is selection of quality stocks or mutual funds.
DISCLAIMER: This
Blog is meant for sharing our trading and investment ideas only and no calls to be
taken as trading / investment recommendation. Visitors please do your own
research or consult your advisers for safe trading, investing.
Monday, September 24, 2012
Friday, September 14, 2012
SHORT TERM VIEW --- FOLLOW THE CHARTS NEWS WILL FOLLOW
On 7'th Sept in this post FOLLOW UP SHORT TERM AND LONG TERM VIEW under short term view we mentioned that --- " Now the short term trend also turned up, so short term trader can buy any dips ". As per our analysis NIFTY continued it's upward journey and today opened up almost by 2% due to global cues from American markets. So it has proved once again that FOLLOW THE CHARTS AND NEWS WILL FOLLOW.
Since our post on 7'th Sept NIFTY is all ready up by 230 points ( i.e. approximately 4.3% up ) so short term traders can book profit here or wait for the next target. What is the next target ? To answer this question we have to analyze the charts.
The above chart is showing ROUNDING BOTTOM or CUP N HANDLE PATTERN on hourly time frame. Today NIFTY gave breakout from this pattern. Target for this pattern will be height of pattern ( AB = which is roughly 225 points ). So target will be 5445 + 225 = 5670.
So any pullbacks upto 5425 - 5450 range will be bought for above mentioned target with stop loss of hourly close below 5421.95.
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At the same time long term charts ( daily n weekly ) are showing resistance in the range of 5600-5630, so be cautious and follow stop losses strictly.
Since our post on 7'th Sept NIFTY is all ready up by 230 points ( i.e. approximately 4.3% up ) so short term traders can book profit here or wait for the next target. What is the next target ? To answer this question we have to analyze the charts.
.png) | ||
| NIFTY HOURLY CHART |
So any pullbacks upto 5425 - 5450 range will be bought for above mentioned target with stop loss of hourly close below 5421.95.
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Friday, September 7, 2012
FOLLOW UP SHORT TERM AND LONG TERM VIEW
SHORT TERM VIEW :-
Today at 10 am nifty closed at 5317.35 and since it taken out 5280 successfully, the view mentioned in this post SHORT TERM VIEW got negated. Now the short term trend also turned up, so short term trader can buy any dips with recent low i.e. 5215.7 as stop loss. NIFTY may retrace i.e. fall back to test 5240-5280 range which if happens may be buying opportunity.
LONG TERM VIEW :-
On 3'rd Sept. in this post ??? OPPORTUNITY we have mentioned that " Right now NIFTY is trading near 5250. And there are high chances that it will take support in the region of 5175-5250 and bounce back. So long term investors can use current fall as opportunity to buy for handsome gain." Right now from short term chart it looks like short term bottom has been formed. But the points mentioned under short term view don't have any importance for long term investors. LONG TERM INVESTORS SHOULD KEEP EYE ON NIFTY LEVEL 5032.4. IF NIFTY DON'T GIVE WEEKLY CLOSE BELOW 5032.4 HOLD ON YOUR LONG TERM INVESTMENT OR USE ANY FALL/ DIPS/ CORRECTIONS AS BUYING OPPORTUNITIES.
.png)
As shown in the daily chart above NIFTY tested green trend line and bounced back NOW it may target the red trend lines or once again may fall to test the green trend line in the daily line chart of NIFTY which is not tested yet. Daily line chart of nifty is shown below.
.png)
Today at 10 am nifty closed at 5317.35 and since it taken out 5280 successfully, the view mentioned in this post SHORT TERM VIEW got negated. Now the short term trend also turned up, so short term trader can buy any dips with recent low i.e. 5215.7 as stop loss. NIFTY may retrace i.e. fall back to test 5240-5280 range which if happens may be buying opportunity.
LONG TERM VIEW :-
On 3'rd Sept. in this post ??? OPPORTUNITY we have mentioned that " Right now NIFTY is trading near 5250. And there are high chances that it will take support in the region of 5175-5250 and bounce back. So long term investors can use current fall as opportunity to buy for handsome gain." Right now from short term chart it looks like short term bottom has been formed. But the points mentioned under short term view don't have any importance for long term investors. LONG TERM INVESTORS SHOULD KEEP EYE ON NIFTY LEVEL 5032.4. IF NIFTY DON'T GIVE WEEKLY CLOSE BELOW 5032.4 HOLD ON YOUR LONG TERM INVESTMENT OR USE ANY FALL/ DIPS/ CORRECTIONS AS BUYING OPPORTUNITIES.
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DISCLAIMER: This
Blog is meant for sharing our trading and investment ideas only and no calls to be
taken as trading / investment recommendation. Visitors please do your own
research or consult your advisers for safe trading, investing.
Wednesday, September 5, 2012
SHORT TERM VIEW
Right now NIFTY is trading near 5240. There is DESCENDING TRIANGLE breakdown on shorter time frame, so now if 5280 is not taken out it will target at least 5180.
DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.
DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.
Monday, September 3, 2012
??? OPPORTUNITY
On 6'th Aug in this post SHORT TERM VIEW we have mentioned that there is breakout from inverse head and shoulder and NIFTY will target 5425-5450. On 23/8 it made high of 5248.45 and started correcting from that level.. This is how we can use technical analysis for short term trading.
This post is especially for people who are investing for long term and don't understand about fundamental or technical analysis. Right now NIFTY is trading near 5250. And there are high chances that it will take support in the region of 5175-5250 and bounce back. So long term investors can use current fall as opportunity to buy for handsome gain. The stop loss for this will be weekly close below 5030. So the risk reward ratio is very much favorable, if there is loss it will be only 3-5%.
DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.
This post is especially for people who are investing for long term and don't understand about fundamental or technical analysis. Right now NIFTY is trading near 5250. And there are high chances that it will take support in the region of 5175-5250 and bounce back. So long term investors can use current fall as opportunity to buy for handsome gain. The stop loss for this will be weekly close below 5030. So the risk reward ratio is very much favorable, if there is loss it will be only 3-5%.
DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.
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