You must read previous articles and watch the given chart
carefully to understand this article completely.
For 26 September 2014: -
On 25 September 2014, FII Sold INR 851.24 crs and DII Bought
INR 818.62 crs
I have quoted for two crucial moving averages for yesterday. It
hit a high near 20 DMA which was at 8064 and it hit dot low at 7877 which was
50 DMA. All of sudden picture changes but I will not say that it has happened
all of sudden. I have issued so many warning for this rise. Quoted many stocks,
like, JPASSOCIAT, UNITECH, IVRCINFRA, HFCL to save investors. It is a duty of
Indian investors to catch temptation stocks always near to top. I tried to save
and some of you might be saved.
Sentient was already bad from past few weeks in term of stock
price. Market was just not rising with front line stocks, like metal. Sometime it
was IT and some time it was banking which took the lead. Leaders were missing
near 8180 levels when pharma stocks gave up.
Now, global cues are also in my expected line. It is worse
from bad. Time has come for NIFTY to break 7850. I mean, have a look at daily
chart, weekly chart or even monthly chart. All are just showing for selling.
Here is warning __________________ Below 7850, just prepare
for 7600 to 7400 kind of levels. Just do not try to buy falling knife. 101% do
not buy any mid cap stocks in dip. On other hand, bank index may see sharp fall
like 8 to 10% more from here in October month itself.
For today’s trading session, by anyhow, if it breaks 7850 then
bulls will give up all their hopes and new journey will begin. Rise or fall,
today or tomorrow, I say, just short this market. It comes at 8000 or 8050, it
has almost about to miss all momentum. October may belong to bears.
I am still saying same words. Spoiler for global market can
be just one big factor – Currency market. Almost every currency of emerging
market is again showing fear on chart against USD. What can be good for US
market may not be good for emerging market. I am writing this paragraph from
past many trading sessions.
Please visit our ‘intraday updates’ to get further updates or
to take good advantage join paid services.
Strategy for Nifty October
future – If it opens
with wider gap then one must wait for some bounce. Technically, 7900 is a meaningful
support which may test today. Below 7900, it may see panic sell off in the next
week of trading. Technical resistance will emerge at 8000 to 8025. Time may have
come to be aggressive on shorting. It is the impact of multiple negative
divergence.
S&P 500 (USA) – So, as said, short as long as it is
below 2000. Here comes the day. S&P lost almost 23 points. Now, I do expect
a test of 1956. I feel that this is just the beginning. Now, I have a
confirmation. 2011 to 2019 should not come again till 31st December
2014. Traders may try to wait for upcoming quarterly numbers. Moreover, end of
QE always bring nervousness, pain and agony for stock market. Dip may be ugly
!!!
