NIFTY – June Series
by SUMIT GUPTA on May 26, 2011
Today was the expiry date for the May 2011 derivatives series. This month has been quite eventful. While at the begining of this month, I was a little bullish, it turned out finally to be a bearish month.
Excerpt from my March 28 2011 post:
“While some experts might say that this is sign of strength, I have my own doubts. Volumes are lower than the average 200 day moving average volume. Normally, when a resistance is broken, it is on HIGH VOLUMES showing confidence of people buying. Volumes comes from institutions / FIIs / Professional investors buying. Low volumes indicate involvement of retail investors, which mostly are buying because they ‘hope’ the market to go up.
In my view, NIFTY is likely to open with a gap up on Tuesday/Wednesday, 29th/30th March, touch 5800 making a Double TOP with 25th Jan HIGH during the day and then close near the LOW of the day, and perhaps below the close of previous day, with HIGH volumes. If that happens, then it is expected to retrace back to Target 1 – 5200 and Target 2- 4600 by 6th May 2011.”
While I must admit that I was wrong in calculating the date i.e. by 6th May, NIFTY has already retraced to 5328 today’s (26th May) LOW. If it wasn’t an expiry date and short covering didn’t happen, we would have seen market closing either flat or negative. It is exactly 60 days from my last post that we are approaching another pressure date. If you see 28 May 2010 LOW, we are approaching the anniversary in next 1 or 2 sessions. Would we see a black Friday or Monday, time will tell. My guess is, it will be Monday that we see a sharp decline. So, target 1 will be achieved, soon.
Time to go short, target is 5125-5150. NIFTY needs to touch this level, atleast, to complete it’s 3rd Section. I won’t be surprised, if NIFTY sheds 150+ points in next 2 sessions. Some Technical and professional analysts might tell you that the market is oversold. But I am sure, it’s not time to go LONG and definitely, not for investors. They should wait for a week or 2 and I am sure, they would not repent it.
Short Trade NIFTY. 300 points can give you Rs. 15000 per lot
Thursday, May 26, 2011
Wednesday, February 23, 2011
Sunday, February 6, 2011
Friday, January 28, 2011
Mera Bharat Mahan - coming back from OZ
Time has come finally, when me and Pratibha would bid good bye to Adelaide and …… the long chased OZ dream…….. on 7th of December 2009, on a Monday morning when most people go to start their week. They go where they don’t want to go
It might sound weird, strange, surprising, shocking, immature, impatient ….. and blah blah…. like a decision in haste or whatever….. But we believe it’s the right decision in our circumstances. We thought long and hard about it, and then finally decided that It’s better to go to ‘Incredible India’. Yahan, wahan, pura Jahan, par? Mera Bharat Mahan.
Yes, the roads in OZ are good, bcos there are not enough people to drive on the roads,
Yes, there is no pollution in air, bcos there are not enough people to pollute the environment,
Yes, the Govt employees are not ‘babus’, bcos there are not enough people to keep them busy,
Yes, the kids can enjoy playing in clean parks, bcos there are not enough kids to make the park a mess,
Yes, the beach is clean and tidy, bcos there are not enough people to throw enough rubbish around,
Yes, there is no corruption bcos there are not enough people to see the hard side of life,
Par? Phir bhi ‘Mera Bharat Mahan. Kyun???
Road kharab hai, lekin raat ko there are enough cars on the road to race with you,
Pollution bahut hai, par there are enough people to care about your health,
Govt employees kaam nahin karte, but there are enough people to help you with ‘jugaad’,
Parks clean nahin hai, but there are enough kids to keep the park lively and chirpy and noisy,
Beach bahut gandi hoti hai, but there are enough people to keep you away from them,
Corruption hai, but there enough reasons to like this corruption,
Diwali par acchcha lagta hai, bcos there are enough people to make it a festival,
Har occasion par, there are enough people to wish you and celebrate with you,
When you are sick, there are enough people to ‘pretend’ they care for you,
When you face a challenge, there is enough free advice available.
It was a difficult decision for me and Pratibha to decide. In fact, I believe every decision is tough when it relates to your life and that one decision could change your life forever. Today I believe, it was a great decision for us to come to OZ because it has made us realize the value of the things what we left behind. What used to be irritating yesterday, is missed a lot today.
Whether it be an uninvited friend or relative, who just barge in when they like (whether you like it or not ). Whether it be dhakka mukki in the temples, trains, stations, whether it be the chil po of the cars, whether it be waiting for a chair/table in Haldiram’s, whether it be waiting in queue at BigBazaar? Yaa phir kisi kee shaadi mein na jaane ke bahane dhoondna? Yaa phir bin maangi free ki ‘phaltu’ advice dene wale log? Aur ya phir, IPL mein betting karna? Yaa phir thodi chad jaane ke baad, colleagues ya dosto ka kehna “tu to mera bhai hai……….. tere liye jaan bhi haajir hai”?
And we are already preparing ourselves for the ultimate when we land up in India:
“humne to pehle hee kaha tha ki …….….”
“apna desh best hai kyunki …………”
“are Australia kee bajaye _______ jaate………”
“Tumhe pata hai, hum bhi chahe to jab marji Australia ja sakte the, magar ……….”
“are, aap log to badi jaldi himmat har gaye ……….”
“acchcha hai vapas aa gaye, kya rakha hai vahan par …………….”
…………………………. baate, ……….. aur baate………… aur gossip…………..
It might sound weird, strange, surprising, shocking, immature, impatient ….. and blah blah…. like a decision in haste or whatever….. But we believe it’s the right decision in our circumstances. We thought long and hard about it, and then finally decided that It’s better to go to ‘Incredible India’. Yahan, wahan, pura Jahan, par? Mera Bharat Mahan.
Yes, the roads in OZ are good, bcos there are not enough people to drive on the roads,
Yes, there is no pollution in air, bcos there are not enough people to pollute the environment,
Yes, the Govt employees are not ‘babus’, bcos there are not enough people to keep them busy,
Yes, the kids can enjoy playing in clean parks, bcos there are not enough kids to make the park a mess,
Yes, the beach is clean and tidy, bcos there are not enough people to throw enough rubbish around,
Yes, there is no corruption bcos there are not enough people to see the hard side of life,
Par? Phir bhi ‘Mera Bharat Mahan. Kyun???
Road kharab hai, lekin raat ko there are enough cars on the road to race with you,
Pollution bahut hai, par there are enough people to care about your health,
Govt employees kaam nahin karte, but there are enough people to help you with ‘jugaad’,
Parks clean nahin hai, but there are enough kids to keep the park lively and chirpy and noisy,
Beach bahut gandi hoti hai, but there are enough people to keep you away from them,
Corruption hai, but there enough reasons to like this corruption,
Diwali par acchcha lagta hai, bcos there are enough people to make it a festival,
Har occasion par, there are enough people to wish you and celebrate with you,
When you are sick, there are enough people to ‘pretend’ they care for you,
When you face a challenge, there is enough free advice available.
It was a difficult decision for me and Pratibha to decide. In fact, I believe every decision is tough when it relates to your life and that one decision could change your life forever. Today I believe, it was a great decision for us to come to OZ because it has made us realize the value of the things what we left behind. What used to be irritating yesterday, is missed a lot today.
Whether it be an uninvited friend or relative, who just barge in when they like (whether you like it or not ). Whether it be dhakka mukki in the temples, trains, stations, whether it be the chil po of the cars, whether it be waiting for a chair/table in Haldiram’s, whether it be waiting in queue at BigBazaar? Yaa phir kisi kee shaadi mein na jaane ke bahane dhoondna? Yaa phir bin maangi free ki ‘phaltu’ advice dene wale log? Aur ya phir, IPL mein betting karna? Yaa phir thodi chad jaane ke baad, colleagues ya dosto ka kehna “tu to mera bhai hai……….. tere liye jaan bhi haajir hai”?
And we are already preparing ourselves for the ultimate when we land up in India:
“humne to pehle hee kaha tha ki …….….”
“apna desh best hai kyunki …………”
“are Australia kee bajaye _______ jaate………”
“Tumhe pata hai, hum bhi chahe to jab marji Australia ja sakte the, magar ……….”
“are, aap log to badi jaldi himmat har gaye ……….”
“acchcha hai vapas aa gaye, kya rakha hai vahan par …………….”
…………………………. baate, ……….. aur baate………… aur gossip…………..
Monday, December 27, 2010
Wednesday, December 15, 2010
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