Nifty for 06 Jul 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

Oh well, the market has proved me wrong once again. It was expected that the correction may continue for some more time, but I was wrong.

It is quite possible that this Friday rally has been induced by short covering by weak bears, who did not wish to carry open positions during the weekend.

With a new historic top being made, yet again, the pink support band gains more significance. In any case, the cycle in time falling on 17 July still remains, so it will be interesting to see what the market does around that day.

Technically the position still remains … as a suggestion to buy on dips.

Plan your trades and trade happy.

Nifty for 05 Jul 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

It was suggested yesterday that “we may have had a short term top today, or it may happen tomorrow. We could just have a correction till 17 July and then we may see the Nifty making its final hurrah.”

The pattern is still one of correction, and not a final sell off. Let us wait and watch if the market respects the cycle in time of 17 July. Mind you, it is only a projection, and it is not a certainty that we would see a short term bottom on 17 July. The market may move up before that too.

Technically the position still remains … as a suggestion to buy on dips.

Plan your trades and trade happy.

Nifty for 04 Jul 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

How boring; another bullish day, again.

We may have had a short term top today, or it may happen tomorrow. We could just have a correction till 17 July and then we may see the Nifty making its final hurrah.

Technically the position still remains … as a suggestion to buy on dips.

At this point in time we can only repeat our prayer of caution … Now that trades have gone our way, it is suggested to maintain stops to lock in profit. The stops are purely depending on the time frame which the readers trades, and their comfort levels.

Plan your trades and trade happy.

Nifty for 03 Jul 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

Like yesterday, the graph says it all, again.

Technically the position still remains … as a suggestion to buy on dips.

Now that trades have gone our way, it is suggested to maintain stops to lock in profit. The stops are purely depending on the time frame which the readers trade, and their comfort levels.

Plan your trades and trade happy.

Nifty for 02 Jul 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

Like yesterday, the graph says it all.

There seems to be nothing more to add, when our bullish stance has been vindicated.

Technically the position still remains … as a suggestion to buy on dips.

Plan your trades and trade happy.

Nifty for 29 Jun 07

These are my personal musings. These are not in any way meant to be trading advise. To view the full chart, right click and open in a new window.

As suggested yesterday, “the probability still remains upwards.”

And the graph says it all.

We had suggested too that “probabilities can go wrong at times, …. therefore, it is suggested to be very cautious. Strict stops may be adhered to. Those among us who are trading the derivatives market may hedge their positions.

Technically the position still remains … as a suggestion to buy on dips.

Plan your trades and trade happy.