Long Holidays…

Tomorrow will be the last trading day for this week & for current month with F&O expiry. It is expected to be volatile day, and in end Price, Volume, A/D and Final Rollover with decide, Fate for coming month, till election result. As 3414 has broken today and then there was unsuccessful attempt by bull to regain same, but in end Bears got it down to 3351, finally closing @ 3362. Now 3414 will be the first target for Bulls to regain and hold on for, only after that they can move higher. On Bear side they will try all hard to bring Nifty down to 3300. I recommend to read my previous two blog, which I believe still hold true.

Attempting to Break Upside..!

Sensex end positive, Small caps end negative. On one side Bulls Speculators trying to exploit liquidity factor which has been provided by US, UK and other countries in mid march. Traders are exiting @ every rise, and Bears are waiting to build Short. Today once again most of Technical indicators are showing mix signs. Market is preparing itself for wide swing; it will be painful and depressing if you are caught on wrong side. 3414 will be level to watch, if got breach and day close below it with high volume then, surely Bears will gain strength. Currently Bulls are in charge, so tomorrow once again they will try to over come 3500 mark, or probably higher. Frankly I will not trade in this market; rather I will build Derivative position with down side biased, with Medium term horizon, Or if you are long then hold on with strict stop loss.

Bulls are Eyeing 3500 Once again!

As said people come and go, but markets remains. Bulls will surely target 3500 one more time and will try to cross over, but as 3300 line has good support of Bulls, Bears will create resistance @ 3500. It seems 3300 to 3500 has become fighting ground for Bulls & Bear. Technical indicators are showing up move to continue for a while. I personally sense Bulls will face resistance near 3500. & Bears will come back once again, once big liquidity parties get over, around the world. It would be good to see how market performs tomorrow, even if it closes above 3500 without any resistance, don’t take this as Bulls Market Rally.

Freddie Mac CFO found dead – People go, Market Remains.

Bears seem to be gaining strength as each day passing; Bulls are retrenching back & fighting really hard to save important line of defense i.e. 3300 Nifty. Tomorrow will be decisive for bulls to retrench @ 3300, Let see how they fight, or will leave the ground? My sense is saying initially bears will gain over bulls, but bulls will surely fight to regain.

Will Be Tussle Day for Bulls & Bears

Pretty mix indicator, I am really puzzled, A/D 1:1.05. Strong comeback of bulls. In End rally fizzle out. All most flat closing. Still Bulls has some strength left, and with this strength then can come back. Most of the technical indicators are showing mix signs, so I believe tomorrow will be a tussle day for Bulls and Bears. Let see who gives up first. Medium Term Trend is getting weak; Market can slide down in late part of this month. As of now let keeps our finger cross.

Market will fall 4 Sure, what after that ?

Market will fall for sure, but larger concern is what will be the road map after that. A correction is very much due and it will happen soon, may be tomorrow, but what after that? Will it continue to slide further or will rebound? Let me not take any guess right now. Time will reveal very soon.

Market May Plunge

Last two days price volume activity favors bears, and as market near to over bought zone on Daily RSI, it has very fair probability to correct before it continue up move.