31 August 2015: Stock Chart Analysis for intraday: HEXAWARE, LUPIN and LT

HEXAWARE (236.45)
Buy above 242/SL 240/ Target 248-250|| Sell below 233/ SL 235.50/ Target 225-220

LUPIN (1860.85)
Buy above 1882/SL 1872/Target 1910-1930||Sell below 1848/ SL 1858/ Target 1810-1800

LT (1616.45)
Buy above 1628/SL 1618/Target 1650-1660||Sell below 1608/ SL 1618/ Target 1590-1580

31 August 2015: Nifty Elliott wave analysis: If bounce fails at 8080-8100 then it can retest 7940-7900 levels.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 31 August 2015: -

On 28 August 2015, FII Bought INR – 56.41 crs and DII Bought INR 847.43 crs

On Friday’s session we saw a big gap up but it has failed till last. Still, Nifty has closed above 8000 levels. Is this impressive for bulls? So far, my answer is a strong no. I have quoted for a resistance of 8080 and Nifty has almost slipped from the same resistance.

One can easily observe the H&S pattern emerging with two possible n-line, one is at 7940 and another is at 7725 (last hope). It will break and it will hit a technical target around 6500. Is it going to happen tomorrow? No. I am giving a price analysis and the long term tern has changed. This target can be expected in next few months. Usually, panic can cause more fall so target may be extended on lower side.

For today’s trading session, we may see another gap opening. This time it is on down side. If you see the pattern it is repeating as up-down structure in term of opening. If it goes like this then we can see Nifty taking support at 7940-7900 levels only. I still quote for resistance at 8080-8100 levels.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty September future – I may open with a gap. This gap up may not be good for traders. Usually this kind of gap up used to fill. So many gap trades may create confusion for supports and resistance. Technically, below 7980 it can see another round of fall towards 7940-7900.

S&P 500 (USA) – Nifty has tried it’s best to recover on Friday’s session and finished quite well. Still, we can see resistance emerging at 2000 levels which used to be support earlier. Technically, we can see another round of sell off this week too. Right now S&P future is trading with loss of 1%. If things goes like this then we can see 1924 as weekly target. 

28 August 2015: Nifty Elliott wave analysis: So above 7950, it can extend towards 8080 resistance mark but another massive fall it very near!!!

You must read previous articles and watch the given chart carefully to understand this article completely.

For 28 August 2015: -

On 27 August 2015, FII Sold INR – 3347.35 crs and DII Bought INR 2577.06 crs

It may deserve a relief bounce above 1950 which is likely to come with a gap. Due to a pattern up Gap-up then Gap – Down, I avoided STBT yesterday and it turn to a good decision. I still stick on my view that a real big fall is very near.

One can easily observe the H&S pattern emerging with two possible n-line, one is at 7940 (I tried long on this but failed) and another is at 7725 (last hope). It will break and it will hit a technical target around 6500. Is it going to happen tomorrow? No. I am giving a price analysis and the long term tern has changed. This target can be expected in next few months. Usually, panic can cause more fall so target may be extended on lower side.

For today’s trading session, we may see up opening backed by rise in US market. Technically, a first practical resistance will emerge at 8080 levels. If fall comes from this level then it can be again a brutal one but if it takes time then more extension is possible. Based on wave theory, fall can either come from 8100 or near, if not then from 8225-8280 or from near.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty September future – I may open with a gap. This gap up may not be good for traders. Usually this kind of gap up used to fill. One can expect a post gap up sell off. Today is first day for new derivative month so bulls may try to give their best but I strongly suggest to avoid long trades for forward for this month.

S&P 500 (USA) – A bounce came above 1950 and extended too much. Well, above 1950, it was expected and it went up. Still, technical view point and Elliott wave view point remains same due to eight month long consolidation. I strongly suggested traders to avoid trades. I do not find much reason to extend it more. It can go maximum towards 2020 levels, means 1 % more. 

27 August 2015: Nifty Elliott wave analysis: All bounce can fail as long as Nifty is below 8080. We are far below from buy threshold point. Critical resistance = 7940-7950!!!

You must read previous articles and watch the given chart carefully to understand this article completely.

For 27 August 2015: -

On 26 August 2015, FII Sold INR – 2345.77 crs and DII Bought INR 1881.08 crs

Yesterday’s fall from near to 7940 has again proven a fact that this market is testing n-line of H&S pattern and slipping. Such retrenchment results fall for most of the time. If some miracle does not happen then this H&S pattern will come into force and it can cause sharp sell off towards 6500 Nifty levels or may be even more. Note my above words. There is no possibility of newer high anymore till this year. When Nifty traded above 9150, we were the first to put a nail that, this is long term top and top for the year.

One can easily observe the H&S pattern emerging with two possible n-line, one is at 7940 (I tried long on this but failed) and another is at 7725 (last hope). It will break and it will hit a technical target around 6500. Is it going to happen tomorrow? No. I am giving a price analysis and the long term tern has changed. This target can be expected in next few months. Usually, panic can cause more fall so target may be extended on lower side.

For today’s trading session, we may see up opening backed by rise in US market. Technically, no bounce can sustain anymore. In my view, as long as it is retracing itself from n-line we can expect all possible sudden fall which is used to be hall-mark trade for H&S pattern.  

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70. I am adding more. Prepare to see a very nasty devaluation on Indian rupee too. Do not get surprise if crude turn half from here too.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – I do not think that market will open with any bigger gap up as shown by SGX Nifty. Intensity may be lower by closing minutes. Today, we will see bulls forced to unwind their loosing position. We are dealing in September future where we will see resistance at 7910 and then at 7970.

S&P 500 (USA) – It has again taken attempt to break 1950 but not came close to this yet. For trading purpose 1950 is a tougher resistance to deal with. Last night bounce does not have much significance. Technically, as long as it is below 1950, it is short for trading purpose too. I strongly believe for target of 1500 levels in near future. A vertical crash is coming. A big one!!!

27 August 2015: Stock Chart Analysis for intraday: TECHM, HDFC and TATAMOTORS

TECHM (507.30)

Buy above 515/SL 511/ Target 530|| Sell below 499/ SL 504.50/ Target 490-480

HDFC (1102.35)

Buy above 1113/SL 1105/Target 1130||Sell below 1099/ SL 1106/ Target 1085-1080

TATAMOTORS (335.10)

Buy above 338/SL 334/Target 345-350||Sell below 329/ SL 333/ Target 320-315

26 August 2015: Nifty Elliott wave analysis: Time to say TA-TA BYE-BYE to bulls. Long term target goes as bad as 6500 !!! (No more conditions)

You must read previous articles and watch the given chart carefully to understand this article completely.

For 26 August 2015: -

On 25 August 2015, FII Sold INR – 2080.01 crs and DII Bought INR 1963.09 crs

Sequence is shaping so bad that DOW Jones gave up all gains last night and closed with massive fall from high point of the day. This event has forced me to release “the scariest charting analysis”. Hence, it is here. I spotted for long term top. I spotted for target 7800. I was almost right on dot on most time. A high chance is that I will be right on this too.

One can easily observe the H&S pattern emerging with two possible n-line, one is at 7940 (I tried long on this but failed) and another is at 7725 (last hope). It will break and it will hit a technical target around 6500. Is it going to happen tomorrow? No. I am giving a price analysis and the long term tern has changed. This target can be expected in next few months. Usually, panic can cause more fall so target may be extended on lower side.

I had a plan to buy around 7800-7700 which I was supposed to do today but now 101% I have changed my mind. I will be off from any investment for rest of this year.

For today’s trading session, we are going to see a gap down and I have to book my loss on my forwarded long position. I was prepared to digest adversity and here it goes. Sometime these risk back fire. By close we were earning more than 65 points. Picture has changed with DOW fall.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70. I am adding more. Prepare to see a very nasty devaluation on Indian rupee too. Do not get surprise if crude turn half from here too.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Well, I was gaining 65 points by close but today I have to book loss which I will take without much hesitation. Equally, i was prepared for this on contra side. Fine, if I may be lucky enough then I may recover this by today itself. I am not going to trade long any more on any condition unless it goes above 8080. Now, how can I expect 8080?

S&P 500 (USA) – I quoted yesterday as. “We can expect a relief resistance at 1950”. One can check yesterday’s high. It is just dot at 1948 and then slipped. We may get time based consolidation or we may not get as we already saw 8 choppy months. If one wants to know the possible target then one must have a big heart to digest. I am saying this as it has failed to cross above 1950. Well, fall could be as bad as 1475-1450. TA-TA-BYE-BYE for bulls. 

26 August 2015: Stock Chart Analysis for intraday: DLF, TATAMOTORS and ACC

DLF (112.10)

Buy above 115/SL 114/ Target 120-122|| Sell below 110/ SL 111.50/ Target 105

TATAMOTORS (328.85)

Buy above 333/SL 330/Target 340-345||Sell below 326/ SL 329/ Target 320-315

ACC (1362.10)

Buy above 1375/SL 1365/Target 1400||Sell below 1355/ SL 1365/ Target 1330

25 August 2015: Nifty Elliott wave analysis: If fails to hold at 7800 then one can expect 7500-7600 ranges too.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 24 August 2015: -

On 21 August 2015, FII Sold INR – 5275.40 crs and DII Bought INR 4097.83 crs

If stock market falls then never give a long that “this is enough” and never makes this as a base idea for trading long. How may has trapped yesterday at 8000? How may has trapped yesterday at 7940? How may has trapped yesterday at 7900?

We had BLACK THURSDAY then a BLACK FRIDAY and then a BLACK MONDAY too. The pain is not over yet. This market will end up falling after a massive margin sell-off. Eventually wave theory has a target at 7500-7400 levels. The range for stability may be much lower than this value too. If I have to invest my money then I will wait for much bigger dip. Remember, this is just the beginning. I STRONGLY WARN FOR THIS DIP IN RECENT FEW DAYS. We constantly traded short for whole August month series.

I am reducing my worst case target for fall. It can fall in the range of 7600-7400 levels of Nifty. Can RBI come to help? Well, let them do if they want. It can help a little but it cannot help much in long run.

Pahle ye tou soch lo ki Vyad dar ghatana hai ya pyaj dar !!!!

For today’s trading session, I am expecting a approach towards 7500-7600 levels. 101%, only volatility will be last winner. You cannot predict Volatility & price together with greater accuracy. As volatility can be high so price accuracy may be less.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – I was expecting 8100 but it gave 7800 levels too. If one remembers, I have given 7800 as target for August month. I was not expecting this kind of furious dip. I still do not see any reason to trade on long side. If I am right I have reasons to expect 7500-7400 before expiry. It means in just two-three sessions, if it has to come.

S&P 500 (USA) – We got a low at 1834. Well, so this is just the beginning of long term correction. Just think that this it is down by 300 points from the all-time high. Even if recovery comes then also I can say the correction will continue. I am not in the position of give target for correction but we can expect a relief resistance at 1950. I do not think that I should try to analyse shock wave.  

25 August 2015: Stock Chart Analysis for intraday: ACC, RCOM and LT

ACC (1367.15)

Buy above 1385/SL 1375/ Target 1410-1420|| Sell below 1350/ SL 1360/ Target 1330-1320

RCOM (50.50)

Buy above 52/SL 51/Target 55||Sell below 49/ SL 50/ Target 315-310

LT (1631.55)

Buy above 1648/SL 1637/Target 1670||Sell below 1624/ SL 1634/ Target 1605-1590

24 August 2015: Nifty Elliott wave analysis: BLACK THURSDAY then a BLACK FRIDAY and now a BLACK MONDAY opening. 8100 may be challenged.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 24 August 2015: -

On 21 August 2015, FII Sold INR – 2340.60 crs and DII Bought INR 1524.10 crs

I booked my short at 8240 which I had shored at 8410. I tried long to gain small on Friday’s session itself. Since then we have no position. Have a look how Dow Jones Industrial Average fooled bulls. It lost over 400 points in a single trading session on Friday when Indian market was fooled by attempt of recovery. I have sensed this to save ourselves.

We had BLACK THURSDAY then a BLACK FRIDAY and now a BLACK MONDAY opening. I know that many will bet for recovery from today’s low as its again falling on good Fibonacci count.  

Read this again what was running whole last week, “My conclusion for resistance remains same. Resistance is in the zone of 8530-8550 but I do not see any decisive direction in market now. It can swing up and down for few move times by this week itself. Some key momentum indicators like MACD is showing negative divergence which is giving a favour for bears. You must have seen the impact of negative divergence. My worst case target is 8000-7800.”

For today’s trading session, I am expecting 8100 now by today itself. No recovery can sustain without a hit near at 8100.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70.

Crude oil hitting $ 45/bbl and we are still paying INR 67 per litre. – Indians stopped raising their point.

Indian Rupee hitting 67 against USD. - Indians stopped raising their point.   

Soldiers are still dying at border. - Indians stopped raising their point.

Onions are pricing more than petrol. - Indians stopped raising their point.

Is this the definition of ache din then, mitro? Since 2008, world has saved only and only because of excessive stimulus money. I gave much reason to believe on our study in past many months. So, I have a very strong warning – a situation worse than 2008 is coming in coming few years.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – One should prepare for nasty opening today. Big question is shall I short this gap down again? If not then I will not trade today. My expected target is 8100 somehow. If not on dot then I can see a levels of nearby 8100.

S&P 500 (USA) – I wrote about this fall since November 2014. After 8 months of choppy trades, it finally slipped miserably in very last few days of August. I can hope that traders must have gained handsomely. I still have a next target in my mind as 1950 and then a relief rally. I gave a call for “long term top” at 2135. Now, most people will agree. 

24 August 2015: Stock Chart Analysis for intraday: SBIN, TATAMOTORS and GAIL

SBIN (267.50)

Buy above 270/SL 268/ Target 276-280|| Sell below 265/ SL 267.50/ Target 255-250

TATAMOTORS (332.40)

Buy above 338/SL 335/Target 345||Sell below 327/ SL 330/ Target 315-310

GAIL (311.35)

Buy above 315/SL 311/Target 322-325||Sell below 308/ SL 311/ Target 298-295

21 August 2015: Nifty Elliott wave analysis: Here it comes, below 8400, prefer to see 8200. There may not be sign of pause sooner. A BLACK FRIDAY OPENING !!!

You must read previous articles and watch the given chart carefully to understand this article completely.

For 21 August 2015: -

On 19 August 2015, FII Sold INR – 423.72 crs and DII Bought INR 383.22 crs

I added ample shorts to enjoy today’s gap down. It was quoted yesterday, “. If it breaks (8400) then it can be a black Thursday or it may prepare for black Friday.”

So, Thursday was back and Friday it all set to open with term “BLACK” as SGX Nifty is hinting for more than 100 points of gap down. We picked 8400 put as well as fresh short on Nifty Future from 8410 levels. If I am right then we can expect 8200 without any significant pullback.  

My conclusion for resistance remains same. Resistance is in the zone of 8530-8550 but I do not see any decisive direction in market now. It can swing up and down for few move times by this week itself. Some key momentum indicators like MACD is showing negative divergence which is giving a favour for bears. You must have seen the impact of negative divergence. My worst case target is 8000-7800.

For today’s trading session, enjoy your short if you have forwarded like us. If not then just sit outside the market. I must say that if you have not acted on time then this kind of market is just not for you. We may prefer to add more fresh trades if levels favour us. We are making trades with confident and consistency in this wave pattern.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Well, we have again took our profit at 8475 but added at 8410 again. Meantime we added long on 8400 put @ 50 and I am expecting price of 8400 put to hit beyond 200 levels. Do not take fresh short after gap down. If you are missing these moves then it is better to join our Nifty subscription. You cannot catch these trades after proper time. I have no suggestion for fresh trades.

S&P 500 (USA) – Here it comes what I was talking about from past so many days. Always short anything near to 2110. Now it has finally broken 2040 levels and moving towards 2000 levels. Thing what can happen once it breaks 2000? It can see many more sever dip. I am dot right on my call that US market has formed long term top at 2135. My big long term confirmation point is 2000 which I may see by tonight. 

21 August 2015: Stock Chart Analysis for intraday: DLF, TATASTEEL and YESBANK

DLF (120.00)

Buy above 123/SL 122/ Target 127|| Sell below 119/ SL 120.50/ Target 115-110

TATASTEEL (241.55)

Buy above 245/SL 243/Target 251-254||Sell below 238/ SL 240/ Target 230-224

YESBANK (720.05) 

Buy above 728/SL 723/Target 736-742||Sell below 715/ SL 721/ Target 700-690

20 August 2015: Nifty Elliott wave analysis: You have seen odd bounce from low and odd fall from high – this is effect of “W” pattern. Need to see break below 8400 … … …

You must read previous articles and watch the given chart carefully to understand this article completely.

For 20 August 2015: -

On 19 August 2015, FII Sold INR – 423.72 crs and DII Bought INR 383.22 crs

Once again we had seen resistance of 8550 in action and market has slipped from higher levels. Crucial is that it taken a bounce from opening low and build a momentum but failed at top. This is what “W” pattern can do. We can see lot of such indecisive trades.

My conclusion for resistance remains same. Resistance is in the zone of 8530-8550 but I do not see any decisive direction in market now. It can swing up and down for few move times by this week itself. Some key momentum indicators like MACD is showing negative divergence which is giving a favour for bears.

For today’s trading session, we can again see a negative start just like yesterday. It may see a gap down opening of 50 points. As long as this “W” pattern sustain we can say for a bounce from low. This pattern may violate to see a direction only if it can break the range of 8400 to 8550. So, question is will it break 8400?

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Yesterday, we took profit @ 8450 and then added short again in last minutes at 8500+ levels. Now, it will again open around 8450 due to fall in US market last night. If it does not break further below 8425-8415 levels then I may opt to cover my short with whatever profit comes. If it breaks then it can be a black Thursday or it may prepare for black Friday. Well, as long as “W” pattern is there it may not be easy.

S&P 500 (USA) – So, it has moved as expected by us. A dip from 2100+ levels to test support of 2070. It has happened with lesser irritation right now. If I am right then I should expect move dip from here. On higher side resistance will remains at 2110 levels. I can again repeat that as long as it is below 2110 this market is for bears but I cannot say when those decisive bearish breaks out come on long term chart will. I am talking about 2040. Is it coming sooner? 

20 August 2015: Stock Chart Analysis for intraday: SBIN, ACC and M&M

SBIN (278.00)

Buy above 283/SL 281/ Target 288-290|| Sell below 275/ SL 277/ Target 270-268

ACC (1446.90)

Buy above 1451/SL 1443/Target 1470-1480||Sell below 1432/ SL 1441/ Target 1410-1400

M&M (1365.65)

Buy above 1375/SL 1367/Target 1390-1400||Sell below 1358/ SL 1365/ Target 1340-1325

19 August 2015: Nifty Elliott wave analysis: Resistance @ 8550 and “W” pattern is still valid but giving an edge to bears.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 19 August 2015: -

On 18 August 2015, FII Sold INR – 255.42 crs and DII Bought INR 127.50 crs

I have concluded 8530 to 8550 as resistance. Here it comes. Nifty slipped after hitting a high at 8525. It has seen a low around 8430 levels before closing at 8466. Take a note that this is a close below 8480 levels. Current set up is favouring bears right now.

My conclusion for resistance remains same. Resistance is in the zone of 8530-8550 but I do not see any decisive direction in market now. It can swing up and down for few move times by this week itself. Some key momentum indicators like MACD is showing negative divergence which is giving a favour for bears.

For today’s trading session, I can again say that if it sustain below 8480 then we can expect another round of selling towards 8400 levels. I can equally say that based on wave count even 8500 levels are looking higher than expected. Favourable wave count is suggesting that stabilization zone for Nifty should be around 8300.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre. Situation is really alarming. Even a small rise in crude oil price will result rupee hitting 70.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Trading around 8500 is just not making any great signal to trade. Up or down it can choppy from here only. Technical resistance will emerge in the zone of 8540-8560 zone. Down side support is at 8470. If it can break and sustain then we can expect a dip towards 8400 sooner. Up or down, nothing is impossible. For safer moves, just wait outside the market.

S&P 500 (USA) – I can say that this is expected small dip. It is certainly not a trading opportunity. Near to 2100 it may trade on dull note but as long as it is below 2110 it is favouring bears. I am expecting another fall towards 2075 to 2070 but this time it may take some time unless some news based fall comes. So over all, it can see higher possibility of fall. Most global indices are like this only. 

19 August 2015: Stock Chart Analysis for intraday: GAIL, DLF and TATAMOTORS

GAIL (329.75)

Buy above 333/SL 331/ Target 338-342|| Sell below 327/ SL 329/ Target 321-318

DLF (128.05)

Buy above 130/SL 129/Target 134-136||Sell below 126/ SL 127/ Target 124-122

TATAMOTORS (348.60)

Buy above 354/SL 351/Target 360-362||Sell below 346/ SL 349/ Target 340-335

18 August 2015: Nifty Elliott wave analysis: Resistance is still at 8550 levels. Avoid higher levels for trading as “W” pattern is developing.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 18 August 2015: -

On 17 August 2015, FII Bought INR – 142.34 crs and DII Bought INR 183.72 crs

Yesterday’s move was supposed to be hall mark move which could have formed after “W” pattern. I sharp panic sell off in morning hour and then a shoot up in after noon hour. My view is that this kind of disturbing volatility may continue for this week.

I can conclude for resistance in the zone of 8530-8550 but I do not see any decisive direction in market now. It can swing up and down for few move times by this week itself. Some key momentum indicators like MACD is showing negative divergence which is giving a favour for bears.

For today’s trading session, I can again say that if it sustain below 8480 then we can expect another round of selling towards 8400 levels. I can equally say that based on wave count even 8500 levels are looking higher than expected. Favourable wave count is suggesting that stabilization zone for Nifty should be around 8300.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Trading around 8500 is just not making any great signal to trade. Up or down it can choppy from here only. Technical resistance will emerge in the zone of 8540-8560 zone. Down side support is at 8470. If it can break and sustain then we can expect a dip towards 8400 sooner. Up or down, nothing is impossible. For safer moves, just wait outside the market.

S&P 500 (USA) – It is slowly moving towards 2110 levels which may be a suitable level for shorting. So far, it is just not good for trade. Reason is simple and clear. Many times it has trapped bulls at these levels. I can expect decisive resistance at 2135 levels. There is no point to be bullish in the zone of 2110 to 2135. This 1% is something which market never succeeds to cross. 

17 August 2015: Nifty Elliott wave analysis: Expect a volatile bearish week. Nifty has resistance at 8550-8570.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 17 August 2015: -

On 14 August 2015, FII Bought INR – 403.76 crs and DII Bought INR 179.20 crs

My call was to make or break trade on Thursday. It makes the trades and shoots up on Friday as I was expecting. I booked my short on Thursday itself and an unfortunate stop loss took my long deal. I have not participated on rise thereafter as stock calls were better than index.

Rather I picked some put options in last hour of trade as I am anticipating that Friday’s rise may get sold sooner. I have some key observation on charts. On daily chart it is forming a “W” pattern which may cause some indecisive moves on chart. This pattern used to develop due to unexpected rise and unexpected sell off.

For today’s trading session, I am expecting a choppy start this week may not remain choppy. I can use a better term that week may be volatile bearish. Once this recovery ends up, we can see another brutal sell off. Based on Elliott wave short term wave count we may go under one more selling under this current on-going wave. Technical resistance will emerge at 8550-8570 zones. Below 8480, expect another beginning for fall.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – Well, it may be termed as a miss of 150 points long trade opportunity. I say I missed it because I caught the long trade on very right time. Fine, from 8550 levels, I cannot see any big possibility of rise. Rather it may truncate at higher levels and it may re-test lows. Hence, as long as Nifty Future is below 8570, one can expect fresh beginning of fall. If not today then very soon one more round of sell off will hit.

S&P 500 (USA) – I repeat that as long as it is staying below 2110 it has bearish pattern which can act any time from nearby resistance.  Based on long term chart it is ninth month of choppy trades. Before 2110 it may face resistance at 2095 levels too. I am expecting another week where it can go longer with resistance at 2110. If moves comes near 2110 then it is a short call to trade. 

17 August 2015: Stock Chart Analysis for intraday: CEAT, DLF and SBIN

CEAT (1056.15)

Buy above 1063/SL 1055/ Target 1080-1100|| Sell below 1040/ SL 1048/ Target 1025-1010

DLF (135.25)

Buy above 137/SL 136/Target 140-142||Sell below 133/ SL 134/ Target 130-127

SBIN (268.50)

Buy above 272/SL 270/Target 275-277||Sell below 266/ SL 268/ Target 262-260

14 August 2015: Nifty Elliott wave analysis: Expect a choppy session or positive session before fresh fall unless it breaks 8300 in down side.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 14 August 2015: -

On 13 August 2015, FII Sold INR – 625.90 crs and DII Bought INR 545.86 crs

Halt on fall came on Fibonacci count “3”. It is showing that market has tried their best to save technical support of 8300. I must warn that fall got a pause only. It is not over yet. Have a look at technical chart. It has formed a H&S pattern. A break and close below 8300 will warn for another big sell off in quick succession.

So far my expectation is that market may want to give a relief rise which may not be a compulsion. It may end up soft on higher levels. Best case situation for the day is a choppy trade and soft positive.

For today’s trading session, I am not in favour to trade index. Rather I may opt to trade long on pharmaceutical stocks as this sector has a buy signal. This may be defensive buy. For nifty, I have crucial threshold support at 8300. I am off to my short now on anticipated rise which I may opt to recollect my short.    

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – We booked our short from Nifty future at 8405-8410 levels. I tried long but my small stop loss has triggered. Afterward we do not have any trade. Now, I am expecting that market should recover little before fresh fall. If not then I may opt short below 8350 only. On higher side resistance will emerge at 8460-8480 levels. Do not trade if trading goes choppy as we have higher chance of seeing a choppy session if remains negative.

S&P 500 (USA) – Most movement goes in intraday session now a day. It hit a high at 2093 and then slipped to close at 2083 levels. It has slipped from given nearby technical of 2095. This makes a sense. This must be indicating something big. It is giving all signs now for the most awaited big fall based on long term chart. I am advising a strong caution for next 20-21 trading sessions. If I am right a real big crash towards 2000 may come anytime. 

14 August 2015: Stock Chart Analysis for intraday: CIPLA, LUPIN and TATASTEEL

CIPLA (725.50)

Buy above 732/SL 725/ Target 745-750|| Sell below 719/ SL 724/ Target 710-705

LUPIN (1758.10)

Buy above 1766/SL 1757/Target 1780-1790||Sell below 1745/ SL 1754/ Target 1730

TATASTEEL (233.60)

Buy above 238/SL 235/Target 245-248||Sell below 229/ SL 232/ Target 220-218

13 August 2015: Nifty Elliott wave analysis: Make or break day comes. If NIFTY breaks 8300 then it will knock 8200 too. Else a small recovery.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 13 August 2015: -

On 12 August 2015, FII Sold INR – 1855.02 crs and DII Bought INR 1223.80 crs

It has again seen a dip. It fell below 8350 without any recovery since 8600 levels. Now, Fibonacci series count is suggesting today as most crucial trading day. If bears get further support then Nifty can see another round of selling.

I was expecting 8400 for this week which has done and not breaking that support too. Based on chart, it may see further sell off and a new range of support need to emerge which should be only at 8200. Will it hit that too in one go? As of not, I hope that technical indicators has enough ammunition to hit that target too. Sooner or later one can expect 8200.

For today’s trading session, we may see flat opening. It has saved from big negative down opening as US market rebounded from low last night. Else, SGX Nifty has traded 75 points last night at one time. Opening may be oft but it may fail to gain strength. If it breaks 8300 and sustain then 8200 is likely figure to be tested.  

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – We make straight 1000 points on Bank NIFTY short and making straight 270 points on Nifty future short position. Hence, I took a risk to be short on Fibonacci count number “3”.  If time favours and by any chance Nifty future goes below 8340 then we can see another big down. If it does not break 8340 then I may opt to exit my short and I will go on rest after three hectic days.

S&P 500 (USA) – It hit a low around 2050 last night before a bounce. It was not only a bounce but it was a massive bounce from low and it has just closed in marginal negative. Based on chart it has done the target in down side but it is still not done on closing basis. Will it face resistance at higher levels again? It should do the same. It will face resistance either at 2095 or final resistance will emerge at 2110. 

13 August 2015: Stock Chart Analysis for intraday: HINDALCO, BPCL and TECHM

HINDALCO (95.90)

Buy above 98/SL 97/ Target 100-102|| Sell below 95/ SL 96/ Target 92-90

BPCL (870.00)

Buy above 876/SL 870/Target 890-896||Sell below 863/ SL 869/ Target 850-840

TECHM (557.55)

Buy above 561/SL 557/Target 574-580||Sell below 552/ SL 556/ Target 545-538

12 August 2015: Nifty Elliott wave analysis: Short term top done and now selling can intensify. Do not catch falling knife till this week at least. 8300 may be on hunt.

You must read previous articles and watch the given chart carefully to understand this article completely.

For 12 August 2015: -

On 11 August 2015, FII Sold INR – 736.81 crs and DII Bought INR 130.74 crs

Are we still holding our short? Yes, we still prefer to hold. Nifty is likely to test our well quoted target of 8400. This sell off can again intensify as we saw close below 8490 which has derived sell based by Elliott wave theory. If it breaks 8400 then one can expect a move towards 8300 to 8275 levels too.

Break below 8490 will give a sell based on Elliott wave theory. We had a reverse H&S pattern two-three weeks back. Now, it is showing a H&S pattern on daily chart. N-line is at 8300 levels. We are on RS right now. My best case deal is for a fall of 300 points for this week with possibility of rise as ‘very limited’ from current levels.

For today’s trading session, firstly do not hope for recovery. Even if it comes then also it may not have longer life. Use any intraday recovery for short only. One can expect stiff trading resistance in the zone of 8490 to 8500. I would not surprise if I see Nifty even at 8200 by this weekend.

Well, Mr. Prime Minister, have look on equation of INR vs USD. Do controls before things go out of hand? The blind assurance cannot help for longer run. As per economy is concern, I fail to see any great chance with a change in power at centre.

Please visit our ‘intraday updates’ to get further updates or to take good advantage join paid services.

Strategy for Nifty August future – We still prefer to hold Nifty which we shorted on dot at 8645. I have some bigger and riskier plan this time. I will hold this short till Friday. If things go the way I am anticipating then we can get real big targets. We still have short on BANK NIFTY. I have already anticipated for another short term top when Nifty was near 8600. Shall we prefer for 8000 too?

S&P 500 (USA) – It has washed the recovery again. This kind of pattern used to emerge near top only. This is happening from past many months without a decisive break down. It got sold yesterday but recovered some from low. Now, we can still expect fall based on technical chart. Those who are short should hold with patience. It is likely to hit 2045-2040 support levels in next three trading sessions. Let us see if this happens or not. I am expecting this from past so many months. 

12 August 2015: Stock Chart Analysis for intraday: TATASTEEL, TATAMOTORS and HINDUNILVR

TATASTEEL (246.80)

Buy above 250/SL 248/ Target 256-260|| Sell below 244/ SL 246.50/ Target 238-235

TATAMOTORS (369.15)

Buy above 375/SL 372/Target 382-385||Sell below 367/ SL 370/ Target 360-355

HINDUNILVR (888.20)

Buy above 896/SL 890/Target 905-910||Sell below 884/ SL 890/ Target 870-860