Are You watching this ?

The Indian Stock Market Enterprise has been continuously trying to open the markets way ahead of its league only to watch it come down with in a matter a minutes back to levels where it actually belongs.

We did a research on our top 5 indicators which generally signal a trend change cautioning investors that what may look gloomy is actually intriguing.

We added some more simpler explanations for readers to understand exactly what these mean
The RSI is now at 63.35 where 30 is considered a buying level and 70 a selling level.
The stochastic Oscillator is now at 90.25 where 80 is considered overbought and 20 oversold.
The MACD has NOT yet triggered the sell signal but is close and we do expect that to happen within the next 2 trading days.
The Bollinger bands as we can see are not giving a very clear picture of what we could expect but definitely seem to be closing in pretty fast.

We also drew up a chart combining the 20-10-5 DMA. The chart has very simple rules

1. When the 20 DMA crosses over the 10DMA & 5 DMA it means the market is losing momentum and losing steam. (look at circle 2 above May)
2. When the 20 DMA goes under the 10 & 5 DMA it means the heat is building up and the bulls are taking charge. The market is rather gaining momentum quickly and its time to buy.

Combining these indicators for a previous period end april/ may start we see that

• the Stochastics in April end / May peak was at 72, 
• the 20 DMA crosses over the 10&5 DMA, 
• the MACD  generated a sell signal 4 days before the trend changed and 
• the RSI was at 65.

We had way too many signs of CAUTION and yet here we have it again. 

TimesNifty - July 5th 2011

NIFTY 4800 - "You can run but you cant hide "

On Thursday May 26th - we had worked to triangulate a situation of NIFTY hitting 4800
This was the situation as on 26th May.We had emphasised on these special points

• Nifty should hit a high of 5690-5700 before starting to collapse again.
• The wave structure is composed of 6 points before it breaks away.
• We had expected 2 sets of 3 wave movements with an X wave in the middle and a high of 5690-5700

However Nifty did break the asymmetrical pattern, formed a head and shoulder pattern (cick on link) but within 3 trading sessions we were back in the symmetrical pattern. 

Nifty today morning has touched a high of 5705.8 but came back down very quickly. We expect a change in trend to start this coming week. Gann angels show a change in trend on the 6th of July but we could see consolidations as early as starting monday the 4th. 

These are safe positions where short positions can be assumed. We had mentioned earlier to watch very closely what Nifty does @ this stage. 

THE MOVE DOWN TO 4800 SHALL BE A 3 STEP PROCESS.

HDFCBank Target Met !

On the 31st of May we had given our view on HDFCBank when it was @2275 - and the next day it shot up by 100 Rs. Yesterday HDFCBank shot right through touching a high of 2499 and closing @ 2489
The stock may face strong resistance 2539 and one could short at these levels keeping a stoploss of 2444

Thank You So Much

Some people were wondering how to contact us - our email id is timesnifty@gmail.com.
Anyone can email us at anytime and get in touch with us in regard to queries.

TIMESNIFTY  is a free service with no charge. Please feel free to email us and we shall reply within a few hours offering you our opinions and views.

Its just been a month and we have received some very good traffic. We believe with 3814 pageviews in a month and traffic from India, United States, UK, Germany, Malaysa, France, Kuwait, Saudi Aabia, we think we have been able to offer resourceful views that hopefully have profited investors in this short span.
 Thank You everyone for your emails your queries. We out here are much proud that we could help you. 

Nifty Strategy June 27- July 1st

We had predicted a trend change on the 24th of June 2 days before it actually happened. The market had closed with a bullish engulfing pattern on thursday followed by a 150 points shootup in Nifty.

This week the markets should react to a hike in diesel and LPG prices, the Greek debt concerns and US economic data. Taking the high of 5605 and low of 5195 the markets retraced back 23.6% and within another 3 trading sessions the market has covered and moved up to the 61.8% mark.

Option traders may assume short positions at 5520 levels for targets of 5430 -5350 and 5280.
Overall we are ot recommending any buying in this market. One should wait for the markets to come down to decent levels before initiating any fresh  position.

Intraday call for monday markets may rally to higher levels - buy @ 5440 for targets for 5510-20
buy put options in case markets reach or touch higher levels of 5520-40 

Thursday Nifty Trading Call 23/6/2011

TODAY NIFTY SHALL OPERATE IN THE RANGE OF 5300 AND 5240 IN A DOWNTREND   

SELL NIFTY @ 5290-5300 LEVEL TARGET IS 5240-5220.

                  

Resistance 1	Resistance 2	Resistance 3	Resistance 4	Resistance 5
5310.76	5329	5347.26	5365.56	5383.89
Support 1	Support 2	Support 3	Support 4	Support 5
5256.25	5238.14	5220.06	5202.01	5184

Intraday Strategy for June 21st

Nifty today should trade in the range of 5180 - 5300
Traders could select positions accordingly.
1. If Nifty opens near 5200 buy near 5190-5210 levels Target 5280-5300
2. If Nifty opens near 5300-10 levels sell for a target of 5230-40

Resistance 1	Resistance 2	Resistance 3	Resistance 4	Resistance 5
5292.56	5310.76	5329	5347.26	5365.56
Support 1	Support 2	Support 3	Support 4	Support 5
5238.14	5220.06	5202.01	5184	5166.01

Nifty Strategy June 20th - June 24th

Nifty this week may hang around to consolidate between 5330 -5440/50

Calls may be bought at the 5330 levels. keep SL @ 5290

Strategies for 17th June

Nifty shall on friday operate in a downward trend.

Sell at 5420 levels SL at 5440 Target 5380-60

Once it hits 5360 levels long positions can be taken for 5440-5460 levels 

SELL NIFTY

Nifty today will touch 5590-5600
Trading Strategy
SELL 5600 CE @ 92  STOP LOSS 98
MAX LOSS PER LOT 300
Rebuy @5540