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Bank Nifty & Nifty Trading Strategy for 21 June’13

May 1, 2013

Nifty as on 20 June’13– 5655.90 (-166.35)    Bank Nifty as on 20 June’13– 11375.40 (-477.25) What else we can say, we hope our Analysis and unbiased view helps to mint money from the market. Do we actually need to justify that we had advised our readers at right time with right strateg

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Nifty and Bank Nifty Technical Analysis for 31 Oct’13

May 1, 2013

Our readers must be thinking that we are taking a back foot, but actually we got stuck in some unwarranted circumstances, and that is the reason we could not publish yesterday. Yes, we got tapped by Big Boys, and let us admit that frankly, we are passing through some real dilemma on personal leve

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Surprised???

May 1, 2013

I have asked to go short on Nifty, and positional short on Bank Nifty on 12th March (CLICK HERE) by yesterday I was quite happy that everything was on path, and bank nifty fell significantly just in one day. Today morning (14march) I was receiving some mails, that go blind sell on bank nifty and nif

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Bank Nifty & Nifty Trading Strategy for 12 July’13

May 1, 2013

Nifty as on 11 July’13– 5935.10 (+118.40)    Bank Nifty as on 11 July’13– 11655.30 (+290.85) Ohhh Finally... Yes, finally we see breakout from Pennant Formation, with one more Breakaway Gap, and finally gave relief to Bull Camp. It seems that major contributor today was CNX IT index

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Nifty Weekly Technical Outlook for 18 May’15

May 1, 2013

Nifty Weekly Technical Outlook for 18 May’15

Silence before the Storm… After a long time market entered into a phase where neither Bulls are making money nor Bears, only we have to assume that some smart people are exceptional (but I am even skeptical about them also). The way in which market was behaving during last week, with killing vo

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Bank Nifty & Nifty Trading Strategy for 02 July’13

May 1, 2013

Nifty as on 01 July’13– 5898.85 (+56.65)    Bank Nifty as on 01 July’13– 11714.90 (+97.65) Nifty Bulls were cheering up. Yes, Nifty again made some sharp move in the last session. For some, Nifty again moved above its 200 day average, for some Nifty gave higher close above 5863 (previou

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Nifty and Bank Nifty Technical Analysis for 17 Dec’13

May 1, 2013

Nifty as on 16 Dec’13– 6154.70 (-13.70)    Bank Nifty as on 16 Dec’13– 11372.95 (+6.05) Markets are waiting for RBI Interest rate decision, which is due on Wednesday. Considering the fact during last session Nifty and Bank Nifty both traded on subdued note. Technically, outlook on t

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Better way to trade with Gann Square of Nine

Dear Friends,

Its long while since I posted here. In last couple of months I have explored various ways to improve trading and trading psychology, there is lot to learn and lot to share with you all, but I’ll discuss about that some other time. Today I need to share with you some simple ways to improve your trading. A better way to trade Gann Square of Nine.

Gann square of Nine has attracted lot of attention, not only because of it was developed by legendary trader W.D. Gann but also because of its simplicity to use and understand and also apply. You all very well know that I have publicly shared Gann Calculator and more than 4000 people have already downloaded the calculator.

With my understanding and exploration, I have figured out few simple rules to be followed which I would like to share with you. This rules will not only help traders to improve their trading performance but will certainly enhance your confidence in trading.

Most of my readers are trading in Nifty, hence I have developed another calculator with some added features, but original calculation will remain the same i.e. pivot levels or entry, target and stop loss levels will remain the same. And there is another calculator which can be used for trading in stocks (except currency). To explain the things in better way I have prepared small note which will be useful to understand and apply Gann levels.

So if you want to know more about it you can click here and help me and help yourself.

Does Market is topping out???

First my apology for such a long break, as due to some health issues I was not able to send weekly newsletters, I hope I may able to continue this activity in future. Purpose of writing today is just one email and few phone calls, yes. In the last week I received one email from one of my newsletter subscriber that “Sir, can I go short at these levels?”  Question was simple and straight, and if preferred I would have given answer in one word Yes or No, but I thought let me try to elaborate this answer with some points, and I know that this question is not only in senders mind but most of the traders must be thinking to find the answer. So I am making a small attempt to rationalize my answer, and its upto you whether to buy my idea or not.

I had an opportunity to speak to lot of market participants day in day out, few of them are extremely smart and couple of them are innocent and trades with irrational approach, and thats the reason why market is running, because if everybody starts thinking in same line then from where the equilibrium is going to come. So let me tell you what I hear from them “Sir, I shorted Nifty at 8300 levels can I rollover for next month”, “Boss, look at the PE of Nifty, it is trading near the highs and for sure market is going tocollapse, I am creating shorts, what max higher it can go, please tell me the level?”, there are few “Sir, didn’t get a chance to buy in market, can i buy at current levels, please suggest the stop loss”, “You know I was out of town (one of the excuse), so couldn’t create any longs, but now we’ll not miss the shorting opportunity” (now this guy may have capacity to stand in wrong direction of 100-300 points, but will book profit in just 50 or less than that, but have some emotional log to carry tops and bottoms) , and also there are few forecasters (who also forecast for day-hours-minutes), who are in just search of to call tops and bottoms, there are other who likes to remain contra every time and out of ten even if they go right 2-3 times they remain star of channel. Now after hearing so much diverse opinion few things comes in my mind – firstly, there is strong left out feeling in many retail and I also believe that there are few funds as well whose earlier call was that market is likely to collapse near 8000 levels, so by force this guys are going to work in the market, may be by compulsion or may be due to obsessions. Secondly, there are already few contra shorts seating in the market, earlier their stop loss was 8700 and now may be they must have shifted base to 9100 or 9200 (they believe that market will not go above that). And lastly few turned analyst will argue that market is in overbought territory. This are just psychological aspects which I discussed, there is no concrete aspects to support the idea, just biased notions, herd mentality or something else.

Now let’s check what charts are saying.nifty daily chart

Above is daily chart of Nifty, you can see that Nifty have given breakout from a consolidation almost after a month with rising volume.

nifty weekly chart

One may see on weekly chart, that trend is clearly defined and indicating further surge in weeks to come. So why to doubt at these juncture.

Similarly Bank Nifty weekly chart is poised with bullish bias, however on daily charts it is showing an early signs of exhaustion, but unless we get any confirmation, it is better to stay afloat.

NIFTY & VIX

Above is Nifty and India VIX chart, now one may see that VIX may continue to trade in lower territory and Nifty continue to rise, yes we might see some knee jerk reaction in between, but that is part and parcel of the game. It’s like this when market is in jubilant mode it can stay afloat in overbought territory for a long.

If we see FII’s data they are heavily long in Index futures and at the same time they are taking bullish bets through options, otherwise generally they keep some hedge with options. In the last week we observed that even DII’s are turning buyers in the market, in most of the cases they remain mean reverting player, whenever FII’s are buying they are selling, but this time it is not the case.

Okay, so with above all arguments one may derive few points.

1 – There is strong left out feeling in the market, and this crowd may take wrong position in hesitations.

2- Charts and data is clearly suggesting bullish bias.

3- If market go against this contra crowd then they will take markets further higher, who knows where market goes in short covering.

bears trap1

bear trap2

And like this strory continues…

So, to answer my friends query I would say that don’t try to preempt the markets, stay afloat with existing trend which is bullish. Don’t try to fall in trap with forecasting of tops, at max what you may miss is 100-200 points if at all top is placed or in offing. Can you create fresh long at this juncture, then answer is yes, but very subjective; if you are trader trading with just one lot then please trade with financial stop loss, and if you are positional trader with capacity of more lots than take just 25% of qty what you trade, average on dips with tight stop loss of 8500. As of now charts are suggesting to go short only below 8450-8500 levels…period.

Relaunching Option Ideas

Dear Friend,

Every other person visiting our site asks for details on Option Alpha and wish to subscribe for it. So friend, after taking a long sabbatical we are now prepared to restart our flagship product Option Ideas, which has received tremendous response since its inception.

So, if you wish to know more about Option Alpha then please find key features below and for full product details you can click here to download the product details-

  • Product designed of newbie’s and experienced traders.
  • Only Option Trading Strategies are recommended.
  • At one point in time we keep maximum 3 strategies open at the same time.
  • Clients will get strategy details/ entry / exit and Stop Loss through mails.
  • Generally we prefer to give minimum risk strategy in options, mostly close ended strategies.
  • Subscribed clients will get minimum 4 and maximum 6-7 Option Trading Strategies per month. Out of which we make sure that minimum 4 will be a successful a trade. (If not, than by default your subscription gets extended, till we complete our promise).
  • However, clients need to maintain minimum margin of 1 lac.
  • We will not accept subscription in between two expiry.
  • And lastly, at Way2Profits we believe in making money for clients and not just earning Subscription fees.

Above is just highlight of the product, you can find full details below

We are determined to start this product from 29th July, 2016 and likely to accept only few subscriptions, because we are sincere in our work and expect our clients to stay in tune with us.

To register for product you can click here.

 

Nifty Weekly Technical Outlook for 18 Jan’16

Bumpy road ahead???

Passed two weeks remained superficial for hardcore bears and nightmare for bulls and current global as well domestic scenario clearly indicates that going ahead road is going to remain bumpy only-no smooth ride. As markets continued to slide down and down and ultimately Sept’15 & Dec’15 swing lows are also taken out. Now how far can we go, as I already started hearing about 6300 and few of my bear friends also mentioned about sub 5500 levels, do you heard that? Anyway it is common phenomenon, whenever such erratic moves happen you’ll start listening some extreme views from extremist, whoever it is Bear or Bull. In such turbulent times let’s see whether we should go contra or join the hands in existing carnage

To read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter.

nifty weekly analysis 18 jan 2016

Nifty Weekly Technical Outlook for 04 Jan’16

2016 – Will you going to surprise us???

Markets always surprise us, don’t you think so? Up till 2013 nobody was sure where market is heading, and in March’14 Nifty gave breakout which was a like dream run for any hardcore bull, rally which continued for almost a year, and only ended in March’15 after clocking an all time high of 9119.20. In last 9 months from highs Nifty is down over 17%, but if we see couple of heavy weight stocks which are down significantly and trading near 52-week lows, so structurally there are lot of divergences. Rather delving into forecasting let’s see how objectively we can position our self in near future.

To read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter.

nifty weekly outlook 04 jan'16

Nifty Weekly Technical Outlook for 28 Dec’15

Merry Christmas..Welcome 2016….

Last two weeks remained action pegged and I was not in position to update due to some personal commitments and also one of the reason that after looking at screen for long-long hours your body starts giving you a red signals, so I took some mandatory leave from watching screen. Rather making it long, lets keep it simple and see how to position ourselves in the coming week.

To read full report you need to Register here (it’s free) and if you are already registered then there no need to register again, you’ll shortly receive newsletter.

NIFTY CHART 24 DEC