FIROZMANIA

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Booking profits at 10125 now, right from 10480 and keeping a few lots just for the 10052 level. This worked out well respecting almost all our levels on the chart. A possible reversal seems close now from here but might show some consolidation at the start of it. Anyway, for now 10000 seems a strong support and also the 10200 level has got too much...

FIROZMANIA Updated 

Level 10182 is the next support level as per chart. Meanwhile, we are following this trend from the last 4 sessions. So you can check the rest of the analysis in the previous ideas mentioned below. And yes, do keep booking profits at every level.

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Nifty to start negative and its still a sell on rallies market. The levels and analysis are the same as mentioned in the last two ideas. For now, Short is the name of the game.

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Nifty did turn negative yesterday as expected. Nifty might start positive today but expect it to fall again. The PUT CALL RATIO is falling too. Rest of the analysis is the same as mentioned in yesterdays idea. Yesterdays idea.

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Our Resistance level of 10480 played its part. Mentioned it on a consistent basis that this Mutual Funds drive is not that good for the market. Hence, here we are on the verge of another big possible fall. Also we can see in the chart that the channel is somewhat broken and also the OI Analysis of yesterday shows a lot of CALL writing and unwinding of...

FIROZMANIA Updated 

Nifty saw highs yesterday as expected and also other factors like PUT writing especially at the 10400 level saw an addition of over a million shares meanwhile the CALL writing is pretty much scattered at the moment which also says that more of this up move is expected but as we are record highs one should stay nimble footed and bring the art of profit booking in...

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Nifty did see profit booking yesterday, as expected. Today, Nifty might open gap positive but those who are aware knows that how mutual funds are playing with the organic growth of Nifty and just playing with its immense capital distorting the trend of Nifty. This push today might help Nifty see new highs but still this is not good for Nifty. Anyway, the key level...

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Nifty might see Profit booking today and can also see a reversal in the trend if it breaches the 10290 level. One can go short once nifty closes below the 10290 level. Even though the Call writing seems scattered right now but the up move somewhat seems to lost its steam in the process. Nevertheless, right now Nifty seems to be in consolidation phase and if the...

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Nifty is moving as expected so far. Now moving ahead the market's going to see positive movement ahead. We might see some profit booking also but I'd suggest to hold long until Nifty trades above our KEY SUPPORT ZONE of 10250-10230. As of now this bullish move is still intact and the market is going to keep hitting new highs. Also check the charts of the last...

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Yesterday, Nifty moved according to our expectation and within our range. Today, Nifty might open negative and we might see some profit booking today but its still a buy on dips market. The PUT writing seems good right now and it support our levels, like we saw Nifty taking support yesterday at the 10250 level. The KEY SUPPORT ZONE is between 10250-10230. One can...

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Nifty moved according to plan yesterday. Today Nifty might open gap positive and see new highs on the basis of the capital infusion in the PSU banks. Meanwhile the PUT CALL RATIO is above 1.6 right now and we are witnessing heavy PUT writing on daily basis. Mutual Funds are driving the market single-handedly with bucket loads of cash in hand.

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Nifty is afloat clearly because the Mutual Funds cash is soaring and they got too much capital to drive the market but then again this also calls for a crash like situation when they decide to sell and then the real fun starts for the traders not so much fun for the investors though. One can go long if Nifty manages to close above 10250 and we're in for a good...

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Seems like #MUTUALFUNDSSAHIHAI is working quite well for the DIIs. Too much cash to drive the market and to wait for the FIIs. Now, Nifty might be on the verge of seeing new highs and heading towards a big and a new target as long as it holds 10041. If today Nifty trades above 10041 it would be time to go long. So keep your eyes on the price action and if by the...

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One slip up and Nifty will become a sell on rallies market. Also Nifty's yesterday's move was expected from Tuesday. Check charts below. In yesterday's chart before the market opening there was a warning with two DOJIs forming back to back and yes the downfall happened. It was just a matter of time and also I was skeptical about the further up move of Nifty...

FIROZMANIA Updated 

Nifty is moving up but yesterday it formed a second DOJI in a row and we should not be ignoring it. Keep an eye on yesterday's low around 10000 level. If Nifty breaches 10000 level bears can become active and we can see some more selling. One can book profits if Nifty breaches 10000 level. Until then keep holding long. Levels are mentioned on the chart.

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Yesterday Nifty buoyed above our levels and worked as expected. But today the level of 9959, which is also yesterday's low, plays a very important part in defining that how long the consolidation period would be for Nifty. Breaching yesterday's low 9959 might bring Nifty down a bit more. One might look to book profits if Nifty breaches 9959 level and then wait...

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Nifty might open negative today on the basis of weak global conditions but its still a BUY ON DIPS MARKET considering the OI analysis mentioned in the last post and also the serious buying of DIIs even though the FIIs are selling too much, shows some great confidence in the market. Currently, 9900 PUT is heavily written and the PUT CALL RATIO is on the continuous...

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Nifty took support at the 9685 level which was a critical support and also crossed an important hurdle of 9847. Yesterday, we saw a rise in writing at 9800.9900 and 10000 PUTS indicating a formation of a strong support at these levels and the PUT-CALL Ratio is also rising, currently at 0.99, another good sign indicating an up move. Currently its the FIIs vs the...