You must read previous articles and
watch the given chart carefully to understand this article completely.
For 01 September 2015: -
On 31 August 2015, FII Sold INR – 551.19
crs and DII Bought INR 478.59 crs
I am a trader and I am primarily a
trader. A simple rule is that when market man say do not panic then 80% chances
is that it is time to panic. I strongly say that one should stay away from any
kind of investment for this year. I am saying this since it hit 9100+ levels on
NIFTY. I have strongly quoted 9119 as long term top for NIFTY and 2135 as long
term top for S&P. I am quoting 6500 NIFTY from past few days and it is near
to 8100 yesterday. I can say that I am not using proper and the real target
which I am seeing. Those can be even more horrifying one. I can say that it is
not impossible to see even 5500-5000 Nifty. Although, my target point is 6500
so far.
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. It will be on downside again. High levels for Nifty
have shifted yesterday towards lower side. Technically, it is can sustain below
7930 then prepare for a BLACK TUESDAY. We saw so many BLACK DAYS in past month.
I see a level of 7850-7800 for this week. This is least of my expectation.
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Strategy for Nifty September future – Below 7980 it should see a
fall. I have no trade for forward on Nifty but I do have 7800 put for current
month. Technically, it may open around 7950-7940. If it sustain below 7940 we
can see a fall towards 7870-7850 levels. It may not be useful to trade on long
side.
S&P 500 (USA) – S&P failed on dot before 200 marks and now fall
begins again. It fell around a percent yesterday and right now future is down
by a percent more. All these moves are just a very good confirmation of my call
for “long term top” @ 2135. I strongly warn that S&P can see a level of
1475 by this year itself. Global indices are running on a cycle of 8 years on
approximation – 1986-1994-2000-2008-2016!!!
