Nifty Sensex in Grip of bears on 24th April 2015

Nifty Sensex in Grip of bears on 24th April 2015
Now both the indices are in grip of bears.Do not think about getting long in both indices.
Stop loss for Bears is at 8420-8500 region.
And levels to go bullish are much higher.As on 24th April 2015,8574 is the level to go bullish on Nifty and 28280 is the level for Sensex. Indices have become bearish on daily basis also.
There is every hope that we are in Bull Market,but this is the first serious correction in this bull market.Let the dust settle before going long.
Support is in region of 8250 and there is high probability that it will get broken too.
And for shorts,wait for counter trend rallies to initiate new positions.
Disclaimer:We are already short on markets for last 2-3 trading sessions.

Nifty Sensex Strategy for April Expiry as on 21st April 2015

Nifty Sensex Strategy for April Expiry as on 21st April 2015
So Nifty and Sensex had a big fall yesterday.
But we are near important support of 8400on daily closing basis.
May be it time to build small longs.This strategy is having low risk as dow rallied yesterday and Asia is up today.
So trade could be buy with stop loss on daily closing below 8350 and reverse the position if the trade do not work out.
For Sensex,stop loss for longs is close below 27700
May be we can see a bit of bounce from such severe fall.
Disclosure:We have already built long positions in Nifty.

Update : at 3 PM Reversed the positions with closing stop loss of 8422 as market did not rise inspite of getting ample time to do so.

Weekly Analysis :Nifty Sensex in Severe Downtrend

Weekly Analysis :Nifty Sensex in Severe Downtrend
After getting players to create longs on Thursday,Nifty and Sensex their nosedive on Friday.
Fridays hammering was so hard that it hammered the defensive’s also.CNX Pharma is down 3.32 percent.Mid-caps,Bank Nifty,Small caps all dived in synchronization.

So Nifty and Sensex ended the week in loss.
For the week starting 20th April 2016,Picture is not rosy.The market is poised for more losses.
Stop loss for Shorts in Nifty is at 6860.For the Sensex stop loss is at 28600 region.Initial target for down move in Nifty is 8490 and for Sensex is 28000.

Just dont try to build longs in anticipation.Its still a buy on dips market,First let the downtrend end and only then think about building longs,So the verdict is clear.Either Short on rises or stay away.

Due to Worry on Greece,Dow Jones has slided heavily on Friday Night.For time being news flow is not encouraging.
Disclosure:We are already Short Since Friday Afternoon.

Created New longs in Nifty on 16th April 2015

Created New longs in Nifty on 16th April 2015
Nifty and Bank Nifty Showed Some Resistance to Fall.So booked the profits in shorts in Nifty and Bank Nifty .
initiated new longs in Nifty at 8692 with Stop loss at 8650 (Continued trading below this level)
Bank Nifty is Buy above 18640 only (Continued trading above this level)
No doubt markets are very Volatile,
But we have taken position based on our system.

New Shorts Created in Nifty and Bank Nifty on 16th April

New Shorts Created in Nifty and Bank Nifty on 16th April
Bank Nifty broke the support levels in the Morning.
Accordingly short position were taken in Bank Nifty.
Short positions were taken in Nifty too as Nifty cant rise if Bank Nifty is Tanking.
Initial Target of Short positions in Nifty is 8700 level in Cash Nifty.
And in Bank nifty there is no target as we have placed stop losses and reviewing the trade in real time.
We can Book profits any time but for time being looking for dip to 18400 in Bank Nifty.

Nifty Sensex Analysis for 16th April 2015

Nifty Sensex Analysis for 16th April 2015
Nifty And Sensex has surprised all the traders today. After increasing till 2.50 PM, both indices took a nosedive.But what to do today on 16th April 2015.
Forget longs if Nifty Stays below 8791 and Sensex stays below 28914.
Initiate shorts if Nifty dips below 8695 and Sensex below 28607(And stays below these levels for some time).
Between these levels Nifty and Sensex are in no trade zone,so stay away

Nifty Sensex Analysis for 15th April 2015

Nifty Sensex Analysis for 15th April 2015
Both Nifty and Sensex are in Bullish zone,but so are all world markets.However the worrying point is that we are not running as fast as other peers. So some exhaustion is visible.
There is no need to take shorts on basis of this.Nifty and Sensex are strongly in uptrend.Only thing we have to do is tighten the stop losses and enjoy the run.
Nifty last closed at 8834.Stop loss for longs is at 8725. A tighter stop loss will be continued trading below 8772 (At least for 30 Minutes). These are levels for exiting long not the levels to initiate shorts.The level to initiate shorts is 8669 in Nifty.
On the upside,there are no targets but the stop loss move higher which will be updated day by day.
For Sensex
Last Close:29044
Immediate Support: 28856
Logical Support : 28697
Level to short:28535

Bank Nifty Analysis 8th April 2015

Bank Nifty Analysis 8th April 2015
Bank Nifty (Current level:18469) is currently in mildly Bullish zone but not very far from the zone of bearishness.
So its easy to take a bullish call with stop loss.
And remember to reverse position if stop loss is hit.
The stop loss or support zone is 18300.
Above 18700 it will become more bullish.
So strategy is to buy at current level with stop loss of 18300.
Yesterday price action suggested that bulls are currently in power.RBI did not change any rate and bank Nifty recovered in Second half after seeing lot of red in first half.
Disclaimer:We are long since yesterday and will book profits anytime.

Nifty Sensex Analysis 8 April 2015

Nifty Sensex Analysis 8 April 2015
Nifty has again became a buy Again .
And its a decent buy with stop loss at 8600.(Nifty Cash).
Major Supports are in 8580-8600 zone.
So at Current level (8660) its a buy with stop loss.
Initial Targets is 8790-8800.

As far the Sensex is concerned the stop loss is between 28325-28355.
Which is nearly 200 points lower.
So in nutshell its time to get bullish with a stop loss.

Disclaimer:We are long since yesterday and will book profits anytime.

Nifty PE ratio and returns March 2015

Nifty PE ratio and returnsĀ  March 2015
In March 2015, Nifty PE ratio is close to 24. Now the Big questions is how is the return of Nifty when the PE ratio touch 24?
The answers is simple.In one word we can say that returns are pathetic when nifty PE touches this,We have crossed this ratio in 2000,2008 and 2011.And we have crashed with a thud after touching/crossing this ratio.
Will it be different this time? Maybe we can touch 27-28 which were highest ratio touched ever.This was breached in 2008.Everyone knows what happened after that.
So summary is simple.If we correct from here it will healthier and more longer Bull market.But if we go higher than 9300 in Nifty,brace yourself for a bear market.