Monthly Archives: March 2013


It is just a Dead Cat bounce or Nifty will rally?

Weekly Outlook –Nifty Spot as on 8 March’13 – 5945.70 

Last week was quite an eventful, nifty moved sharply higher.  And if my readers remember than I have mentioned in my previous article that I will turn my attention on long side only if Nifty spot moves and close above 5875, below which I see every rise as a selling opportunity, but Nifty successfully moved above 5865 on Thursday itself, which was very much evident that Nifty will turn bullish again.

Coming to current situation, I believe Nifty has broken heart of 60% (not based on any data) Bears but still there are few Bears are left, they will be killed once Nifty moves above 6000 level. So it is advisable to take minor longs for now, keeping stop loss below 5875 and increase your position once Nifty moves above 6000 mark, and mind it, if it happens than we’ll be seeing new highs soon…. But keep your fingers cross, still we are sure by 60% and not 100%.  Rest you know how to trade.

I know with some fans there are lot of critics available, and they must be thinking that I am talking on two sides, but for them I am attaching this link, I request them to please read that, I am sure all your doubts will get clear.  Read article

Take Holistic View…

You believe that if Nifty is doing well than stocks should perform well. I am asking you because, generally, whenever I meet with my friends or market person, they simply ask me “Kya Dhyaan” (what’s my view) and I have to say about view on major index Nifty or Sensex.

Unfortunately, due to some other commitments I am not getting time to look at other charts, but today I got a chance to look at some equity charts. As I started, instantly few thoughts clicks in my mind. I saw few charts, which are outstandingly outperforming major Index and they are highly traded, now if I build my view on equity market based only on Index than in practical I am doing a wrong thing, because these stocks are doing exceedingly well. Also keeping above things in consideration, there are some other stocks, when Index was rising, at that time they were laggards.

To trade the market you have to take holistic view. You cannot base your judgment looking at only one chart of Index or your favorite stock.

Strategy is not always bad…

If you know how to trade, than I am sure 20-30% of your problem is solved. Yes, with any given strategy, whether it is good or bad, if you add some sound analysis, your result has to improve, anyhow. But this sound analysis comes only after some efforts taken by individual, without which nothing is of use.

I am writing this article keeping last few days market action in consideration. Like in my daily update I have clearly mentioned that market has potential to go down further, but subject to market stay below low of 5670(spot), and also I have mentioned that only short term trader can take long trade for small profits. Now see the price action, Nifty made a low of 5679.90 (does not go below previous low and traded higher). I am not saying this because I went right here, it is because I am trying to convey you what I hear from market. As I always try to listen what market is saying? Yes, I also might go wrong many a times, but if at all I maintain accuracy of more than 70% than also I am highly satisfied with my performance.

I know many readers of mine, who are constantly involved in improvising their strategy, but dear friend why you miss to improve yourself with your strategy, and see the result. So strengthen yourself to improve.

Keep reading and replying with mail.