Fireworks or Torpedos

Viren has taken the evening off and asked me to post the charts on his behalf. He will be back in the comments section for his live market commentary. So here they are.. I want to begin by thanking Mr. Illango for the recognition he has given to this blog on his site http://tradeinniftyonly.blogspot.com/. We […]

Return of the Seller- 2

The seller returned, in a very unassuming manner, and just when I was tired and ready to throw off my short position.Thank God I didn’t. So what’s in store tomorrow? The 10 point gap at 5262-5272 created in the futures by March expiry is now filled and we should be ready to move higher tomorrow.Also […]

Return of the seller?

Those who have been following my running commentary on Market action in the comments section, would have noted that I mentioned that I did not see any intent on the part of the sellers in the morning session. Well that changed around 1.30 in the afternoon, when the seller arrived to leave his stamp on […]

Update

At the time of this post we are up 40 points with the Nifty around 5340 levels.The buying which we have been seeing from 5100 levels, seems to be slowing down.I will strongly advise against initiating new long positions in stocks or indices at these levels.If you are long on existing positions, tighten your stops […]

…And it continues.

I had written on Wednesday night about a break-out move in the Bank Nifty in this post here, and the above chart is testimony to that. I’ll take a 300 point move in two days anyday. The best part of it is that it is not done yet. My comment on “NAV Management” seems to […]

Seasonality and markets

On a hot Saturday afternoon, I’ve decided to take potshots at my fellow bloggist and check out his theory on “NAV Management”. I’ve known quite a few smart people who look at times of the year for trend changes or confirmation. The Thanksgiving Holiday in the US is one example when people have put all […]

NAV management continues

I want to give a big high-five to my new found friends the mutual fund managers and to Shai because of who I could so carefully execute a plan and the move from 5220-5272, which we have been talking about on the blog for a few days now. Yes, It was on the charts and […]

Nifty Expiry

I had a query last week about predicting a range or a price target for expiry. I had posted this information on a public forum earlier, so those who know it already, please excuse us, but for those who do not- have a pencil, paper and calculator ready. I intended to do this post in […]

Nifty Musings

Over the weekend, I made two observations on two of the indices I follow and trade on, and they both had to go off together for me to execute my plans on them. The Nifty had to bounce off 5180 strongly and the ES had to bounce off 1147. For the Nifty, I didn’t see […]

Where’s the inter-market study dude?

I put up that title to chide myself in doing this post, ‘cos this is the reason I started this blog– to “study inter-market relationships”. I have often encountered hostile reactions in blogs and public forums, when I talk about the US markets or the FTSE or the Hangseng where the discussion is around the […]