I am Back

After a long vacation I am back in business and have come bearing gifts... Siemens has been in a bear market for a long time now. Its time to capitalize on the stock. Currently at 661 next target is 642 and 630 unless the market reverses drastically.

Best of luck...

Possible H&S in Nifty

There are two possibilities 

1. Blue line with a target with a target of 5189 which has been achieved and now a new down trend has started.

2. Red line with a target of approx 4950.

Something I liked

http://carlfutia.blogspot.in/2011/11/be-content-with-what-is-possible.html 

Target Achieved

Target achieved thanks to Ben Bernake. I was thinking it will take 5-7 days but it was faster than that. Well the exit has not been triggered yet so will ride the momentum with a strict stop loss. Hope the returns are worth the wait.

Nifty Buy Signal generated

Post a wait of 7 trading days a new buy signal has been generated today. Volatility will be in the air so patience should be the key. I am expecting the govt to take steps to boost the fiscal conditions as the nation needs it, not saying that our national leaders need it but the progress of the nations growth is the only report card UPA will have to show for the next election campaign. The liquidity crunch in the banking system should force the RBI to show some relief to the banking system. Well these are all wishes... But if these do not play out the stoploss is 2% lower. This is a risky trade to get into. I am long and expect a target of 5550+.
Lets hope for the best.

Nifty Target Achieved

As mentioned in my previous post 4% target has been achieved in Nifty March Futures. I have booked out my profits. Waiting for a consolidation and a buy signal following that in 2-3 days.

I am so glad this worked out fine.

Finally a sell signal....

I am so glad that the market has finally signaled some profit booking. I and most of the traders have been waiting for this signal to come on the charts. I expected that the profit booking will come with some bad news however it has not been supported by any news and that makes me nervous. Well will trade with a strict stop loss of today's high at 5632 and a target in mind for 3-4% from here. The bank nifty gave a signal yesterday and some of the nifty 50 stocks too. I just hope that this is not another false signal.

Some things that give me hope are:
The price pattern broke the trend line from the start of this rally.
The nifty has been in an overbought zone for very long time.
The Stocks and indices have started loosing steam.
And the premium for the next series in 50+ pts depicting that nobody expects the market to fall.

I hope I am right.