Book Profit For Once!

As mentioned in last post HNI and many people saved by Fed chief .The excess liquidity from fii fired nifty at 5200 which was mentioned in 11th august post that close above 4610 will lead to 5100 plus in no time.
Now time has come to book profit in FNO and cash positions at once.
As market is heading in super bullish zone which is more of bubble than any real bull run.
Market are more on steroids so its difficult to ascertain how long it will last.
As more flow of money from FII with any next rate cut may even take nifty to 6000 as dollars will be parked in EM for short term.
However there is risk that this short term euphoria or bubble may burst sooner than expected due to political uncertainty in India.So its better to book profit once and trade intraday for sometime.

Rescue Mission Stay Alert...!

Market able to recover from 200 DMA with some support from DII as expected and taken up above 4250 with help of nifty operators .
This effort seems more pre planned than looks like as there was no triggers for such sharp recovery and importantly without FII buying.
This in turn seem to have helped intentionally or unintentionally to HNI who were stuck at higher rate with sudden sell off from FII.
The large caps are seeing systematic selling at certain level indicating false bull run.
Its important to stay alert and sell at high as market may see vertical slide now trapping investors this time.
One can short at every rise now keeping all time high as stop loss for 20% correction in short term.
If one is safe trader stay away from market for next two months.
Fresh longs only above 4550 in futures close for three successive days.

Alert-Market may crash anytime......!

As explained in last blog all pullbacks are being used to exit longs by smart money.
All said and done political situation in India is not helping anyway.
American markets seem to be stabilised at around 13100 due to steroid injected in system by fed and govt.
But how long will it last?
American economy is most likely to go towards recession which is not great news for world.
India markets may see sell off in near term kissing target of nifty 3900-3700.
However with more negative news coming in next month even 3550 is not ruled out.
This market remains sell on rise market till it closes above 4395 for short term.
It will be prudent to book profit even in cash market and keep cash in hand for panics to come in coming weeks.

Sharp upmove expected next week...!

As warned in earlier blogs there was massive sell of in last two weeks wiping of 2000 points sensex in toto.
The sub prime issue is more serious than it seems like (warned about the same in last blog).It seems that it will get even more serious in coming days which can be seen from cosmetic acts of various governments to inject money and rate cuts.
Even India seem to be prevented from massive sell off due to LIC,DI(forced by govt!).
But fresh credit injection will maximum lead to sharp up move for 3-4 days due to short covering and may be some bottom fishing.
But its now clear that all the markets including India will see one more sell off if not more in very short term.
Advice will be stay cautious for short term traders if praying does not work:)
Long term investors got ideal time to buy blue chips now.
Maximum pullback expected will be around 4240-4300 NF.
Fresh longs should be avoided till next week.

Good month for Long term Investors.....rest can run way!

As warned in last blog the market still sell on rise market .
The world market are going down on sub prime concern and rather than thinking on lines that central banks are lending money so it might get better...there is real chance that this may be tip of iceberg.
It wont be surprising to see another 10-15% correction world wide due to credit crunch and India even though with good growth rate remains susceptible for the same.
This may give real chance for bear market for short time till real domestic people pitch in the market.
The nifty downside target remains 4245-4150-4100-3900 in worst case.
However i don't see this picture for long time in India.As India has got domestic story which is intact.
So the nifty target for 2007 on upside remains 5100 once nifty closes above 4610.
Long term people can keep there cash bag ready for investment.
Short term trader can pray and play!

Nifty may touch 4455 near term

Nifty made bottom of around 4245 in futures and around 14800 in sensex.
This was expected level for correction in this cycle though 4156 still possible.
But as world markets are oversold and Indian market as well nifty may see pull back up to 4455 in near term.
Use pull backs to exit long positions and book profits.
However if nifty closes above 4610 then 5100 is possible in short to medium term.

Indian markets get infection from Dow....

As expected it started with unexpected hammering on one day with 150 points nifty.
Interestingly fii are using global weakness to get fair value for blue chips in India.They will short nifty and stock futures on every rise knowing Dow will be weak for next 4-6 weeks due to sub prime rate concern.
For fno trader nothing much to play for as there are gap downs and gap up.But best will be buy on dips so that as trader u can book in pullbacks.Nifty may touch 4150 in worst case but fresh bull run is halted till nifty closes above 4610 in close.
Its great market for stbt and btst in nf.Play the game.

NIFTY RECOVERED AS EXPECTED

As advised on messenger nifty tanked from 4635 to 4555 and again recovered to 4620 as said on messenger.
Sugar are ready to fire as told last week and educomp and petronet moving as pace which is outstanding.
Keep sl intact on weekend trading as profit booking is better option .
However 4555 should hold and uptrend is to continue possibly towards 4750 now!

Nifty still looking good...

Even though Dow crashed on weekend Indian market are likely to continue its uptrend for few more days.
Nifty is likely to test 4610 in next two trading days with support on lower side at 4520 and 4485.
Any dip can be used to enter front line stocks for next series as no body is ready to give up this bull game right now,so play with them.

World Markets will Run Whatever the concerns...!

Its interesting to see that many of the markets in world are creating new highs in last month and will continue to do so in few coming weeks.
However the artificial the rise may look and in some places coupled with great out performances by leading stocks ,there appears to be match fixing in most the market between the managements of top companies and funds who matters .
Its not surprising that retail guys are left out of the whole bull run and not ready to enter at this point.
Many of the news are floated in India markets as well is to increase the market capitalisation's of the company making mockery of the regulatory authorities.
Hardly anything mind blowing given by top ten companies of NIFTY and BSE to the real investor.
Nevertheless its good for positional traders who know how to play the game.

NIFTY ON FIRE

As mentioned yesterday nifty able to cross 4550 in futures in end.
So this gives clear edge to bulls for 60-80 points up move specially with speculative rise in reliance stock.
Now we are looking at around 4595 nifty at weekend .But be cautious at this point as longs needs to hedged with puts .Smart hand will always short when people are not expecting it.
Sudden drop of 150 points nifty with some negative trigger not ruled out.

NIFTY LOOKING GOOD

Today nifty recovered as expected in late afternoon gaining back all its negative from morning.
Now nifty looking good for 4700 with sl of 4380 in close.
Whatever might be valuations indian market set to go up in short term due to money flow.
Use dip to buy stocks in futures and use nifty intraday high to buy puts for hedge .
Tomorrow we are looking at 4533 in futures(sl 4440) and if close above 4550 tomorrow we are ready for next blast.

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This is just my personal opinion of stock markets.
People are suppose to take there own decisions on whatever they want.