TRAINING & NEWSLETTER FROM NIFTYSPOTTER.

We are planning to start TRAINING on MARKET TECHNICALS/CHARTING in Delhi ( our office)or on NET on yahoo messenger during weekends or evenings..It will be on Yahoo charts mainly & also anyone using live charts wanting detailed training on TECHNICALS / CHART SETTINGS , can have ONE TO ONE SESSION with us.each session will be 2-3 hrs. This enables you to trade like a professional w/o fear so as to maximise your profits specially in NIFTY.

We also are planning to start a DAILY or WEEKLY NEWSLETTER on NIFTY LEVELS AND DIRECTION..This is for all those who like to trade on their own..

Do send us a mail if you are interested for us to forward to you the details of the charges..enjoy the long weekend...cheers.
bhrajan@gmail.com
rjn_bht@yahoo.co.in

HUGE RALLY

Looking back to 1st week march when dooms day advocates were predicting doom for the world and our markets ..This is one spectacular rally up which slowly gathered momentum over the weeks on complete doubts 7 uncertainity... Even i thought yesterday that a retest of the tops is in line , but this huge global rally today was not seen...We are in stretched zone & reactions will be there too , Do keep booking.. cheers..

NO POST

Due to Blog update problem morning update could not be posted..hopefully its over now and regular posts can be done..Markets have opened huge gap up on G20 sentiments....cheers..

VOLATILE TODAY

Markets made a higher low in morning on great weakness , turned and despite weak global cues just covered the whole distance to retest yesterdays top..3070 was a resistance area above which it can retest the tops again..markets are overstreched still ( testing the experts daily with the swings) and reactions can be sudden also..G 20 summit also is there over the weekend..trade light , try to book ur profits in longs if any ..enjoy the day..cheers.

SIDEWAYS AHEAD.

Markets after a good rally up may go into a sideways mode to see where it has to go..it was a INSIDE DAY yesterday..3070-2980 is the range to watch for anybreakout...deeper down watch 2900 closely for trades for the month of APRIL..It being a truncated week ahead Volumes may be light. Trade accordingly..enjoy the day..cheers..

REACTION AGAIN

Selling was tad overdone yesterdayso the markets just about crawled up the whole day but reacted at EOD from the 3050 zone , which i had mentioned in the morning..Shorts at that level payed rich dividends again in a short time..March closing is also over today for the NAV related propup.. Its truncated week ahead so maybe nothing much we can expect from the market this week..trade light & in direction..enjoy the day ..cheers

SIDEWAYS NOW

Markets unwinded heavily yesterday, maybe trapping the long rollovers..Being the last day of the financial year some propping up maybe in place for NAVs..3050 area will be a watch zone for any pullback. A few closes above that will run up this rally more.otherwise we could be in a sideways mode for a few days before it makes a move again...supports lie in 2930-2880 zone on the lower side..Trade accordingly..cheers..

BULLS TRAP

Markets were quite over bought through the last few days and layed a typical bulls trap for baby bulls on friday, gapping down today , inviting buying in dip, till it broke and came close to our levels of 2980-90 levels..Had written in morning to keep 3050 as S/R of this week..we are trading well below that, and now break of todays low will take us to 2920 zone if global cues tonite are not supportive..( we closed the day with handsome profits of the shorts /puts initiated on friday /today),,,enjoy the day..CHEERS..

WEEK AHEAD

Markets rocketed up last week surprising all beyond technicals too..thats stock markets for us my friends.. so whats up for this week..3050 take as S/R for this week, The range will depend on what kind of unwinding this overbought markets give..watch 2980- 3150 to start with..enjoy the day/week ....cheers..

STILL RISING.

Markets carried on from where they left yesterday despite volatality during the day( it stopped just below the level in the chart i posted.)..distribution/ profit taking was noticed and , reactions to this up move can come w/o notice..This rally is now close to 600 points and 2 weeks.. will look at techs over the weekend..enjoy the day ..cheers..

RETRACEMENT CHART

The above chart I am posting for all is self explanatory on the path the nifty took from 2539 lows till yesterday....Astounding it looks when u reflect back..but if you read the link i am providing of my blog from 6 march, it was clear that if markets do not break oct 27th 2008 lows, we have a BEAR MARKET rally on hands..
Coming to Today.. we are overbought surely and will advise all not to jump at these or higher levels but to let it cool off and then see from there..Funds may be looking to see better NAV to project for March end...enjoy the day..cheers..

http://niftyspotter.blogspot.com/2009_03_06_archive.html

SPECTACULAR SERIES

Who would have believed we would cross 3100/10000 this month when every EXPERT worth his salt was shouting from rooftops of new lows 2000-1800...Many many got humbled...ASTROs/TECHNOs...Hope ppl. remember my post.. around 7/8th march..MARKETS GO AGAINST THE MASSES..Big lesson for all of us.. At highs of 3000 even i never felt we will do 3100 and that too in a day ..amazing but thats markets ..anyhow march will always be remembered for this bear market rally..enjoy the day ..lets look at things as the markets unfolds for the april series..cheers..

SETTLEMENT BLUES

Markets unfolded volatility yesterday with select stocks rising suddenly,Asia is just about positive and we have a 3046 swing from the past where markets could face resistance over 3020..Trade with caution over 3020 as this is getting stretched w/o any unwinding..do book all profits of longs if any left and maybe wait out a few days for some unwinding .....supports lie in 2930-2880 zone..enjoy the day.

VOLATILE TRADE

markets moved in a volatile way , both ways giving nimble traders gains either way.Todays rise up was on the gains of RIL, kept going up-up..What happens when RIL unwinds..????? any guesses...markets never broke yesterdays low 2914.50 or the top of 3017.40( making a inside day ) and now is going up to test the tops or maybe move over that .... what is to be seen is how /where markets move after the settlement , that will set the short term trend..we are overbought and thats something we cannot deny ..trade light in the direction for tomorrow....enjoy the day ..Cheers.

SETTLEMENT BLUES

Markets made massive moves in last 2 days surprising many with it ferocity either way..These are typical BEAR market moves. We are in the settlement week , and there could be volatality in next two days.. 2930-2880 provides some support to the nifty and 2980-90 resistance. Any rise again to the top will bring sellers now..trade light and buy in good dips..cheers.