Nifty 2017

Clocked some good profit this week. But Market jis tarah mere weekly analysis ki game kiya hey, be-abru karke chhod diya mujhe.

Only good part, I was flexible and very quick to understand my mistake and was quick to change the Bias and alligned myself with the trend. I guess that was the key for retaining the green mark this week as well.

All Levels are on Nifty Spot.

On hourly, we see the price is taking support from the BB Mid but CCI showing downside. So holding on to 8900-8924 will be key for any up move



On Daily, the Yellow Band (ATH and Last Fractal support around 8894 spot) is the key for Bulls to hold on to. If it fails to sustain, it might need to travel down to 8845-8825 zone. I don't see further downside below this band, else that will be a quick Long SL splash, with an immediate rejection (on D Candle).




On Weekly, I can not see anything. STI-EMA D view is useless for this week as well.

On News Front (DJI) Uncle Trump has some speech to make to congress on Tuesday, so Wednesday we may see something impulsive during our market open (I am expecting further upside on DJI on weekly basis)

Weekly Pivots:




That's all guys.

For Longs any new entry without a pullback, before ATH is broken - is a high risk one. People are out with hockey stick to chase the Bull out of the market. So trend followers may be watchful but don't hesitate if we get a pullback and pivot confluence.

Another weekly analysis hit (SFSG) !!

Tuna:: Chundan Halwai --> Nifty Nostradamus (James Bond bhi chalega)

Bade (Elders) log mera ye arrogance maaf karo and take it lightly. T Dante ko follow karne ka kuch to kharab asar hona hi hey.

I am absolutely happy for "Doing Nothing" with the One Lot Money. It is best of defense one can play (even better than hedging), when your monthly target is met.

Missed one - need to live with it. This is the cost of paying the security fees for avoiding news based trading.

Open position overnight



Closing Order




Total single lot earning since begin of this year:


653.5 + 79 = 732.5 (132.5 already achieved for April, need 67.5 more)

This thread was quiet for sometime. But that is how it is supposed to be. No risky trade as long as current month target is achieved.

If someone asking if the last trade can be really termed as a low-risk trade - actually it is. A Long trade bought at a low price, not necessarily a low risk or bought at high price , is a high risk.

I was quite sure about getting close to 100 points on last trade as it was break-out of the last ATH level after a decent build up.

We are in a most notorious and hated phase of a Nifty Rally - hated, because most of the folks are shorting and getting smacked on every week and most of the retail longs either exited too early or waiting for a pullback which is not coming.

Regardless UP wala Yogi ji will give any pullback on index or no, here is my view


Daily View (All my views) are inconclusive.

Weekly View (if 9070 is held on Nifty spot, 9500 in 3 weeks time). Otherwise, a pullback might reach till 9000- 8970.

60 point loss booked , was long at 9133 since yesterday. SL hit


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ohh..thats really sad. Anyways it happens some of the time in trading. Good luck next time.

Just-Trade

quite a few retail bulls must be feeling trapped
turned out to be fakey setup