Nifty Intraday Call @12:35pm

Buy NF @5670 (Current Level) with strict SL - 5652 for Tgt - 5690/5710/5750.
 

Target Aceived -- Update : Infosys Buy Call

Infy Future made a High 2571 near to our 2nd target 2574 and acheived our intraday target.  

I am still holding Infy as a positional call as Infy Daily Chart gives Positive Divergence.
Last time negative divergence seen on 21 sept and 3rd October, since then this is the 1st positive divegence on daily Chart.

In the morning i took the position since  i have observed the +ve div on the Hourly chart for intraday position and now since it reflects in the daily chart ... i am continue to hold the position for another 1or 2 days.
Let us wait and watch tomorrow's move.

Happy Trading and Mint Money!!!

Yogi
YogMoneyAsha


 

Infosys Buy Call

Buy call on Infosys @2489 SL 2458 Tgt - 2536, 2574, 2614.

 

Weekly Update for 8 Oct 2012

• As per the Hourly Chart seen above, for me it looks we have still in the 4th wave of the extension wave 5 of the 3 rd wave on the higher degree.
• So, i am still bullish as per above chart.
• But important support need to watch for this week is 5730, if this breaks then we can have support 5640 which invalidate the 5 wave extension as seen in the chart. Then it can assume that we have completed 5 wave of the 3 wave of  the c wave of the B wave on higher degree.
• But if Nifty 5640 breakdown then there have the strong support of the 5550.  
• If Price will not break the 5730 then it is dam sure that we are in the 4 wave of the wave 5 extension. same seen in the chart.
• Wave 4 could be the flat or triangle. mostly triangle as first wave is stiff down movement.
• If this is the same way happen then very difficult to trade in this week. Option will erode all the money for all option series except 5800 CE and PE.  
• Let us see how the prices unfold in the next week.... then we will get more clue to ride on the same.

Happy Trading!!!
Yogi
Yog Money Asha

Nothing to worry and Fear ... Nifty Down 90 points in first 35 min

Nifty Blasted and Drift Down 91 points in first 35 minute... But don't worry until it breaks below 5710 .... 5710 is lakshman rekha ....
 

Gap Up today as expected ..Also Cup and Handle Target Achieved Today

Time: 10:25am

As expected, Nifty is opened with gap up of 13 point today. We expected this yesterday itself immediately during market closing yesterday.

Also, We aceived target 5820 of the cup and Handle pattern seen yesterday on 5 min chart of the Nifty future. Refer the chart below....

 

Expects a Gap-up opening tomarrow 4/10/2012 .. Why? Details tomarrow ...

Cup and Handle pattern in 5 min chart of Nifty Future

Time - 3:20pm
If last candle close above this then Buy target for tomarrow. Tgt - 5810/20.



EOD - 3:40pm

Decisively Close the last candle above the blue horizontal line, so it will be the breakout for the 5 min chart .... we will see 5810-5820 tomarrow.

 

Beware of October 2012 - Sensex Moves

Beware of October 2012 -

• Maximum times sensex was down on October month in the history of 23 years.
• 1:3 ration fevers for Bears in October.
• Major Chances was downside on this year 2012.

How we should identify and get benfit from this ? 

• Currently, market is in the intermediate bull phase and making new top for every minor upmove comes.
• Momemtum indicator are showing negative divergence on the daily/hourly charts. This was initial sign of reversal.
• Also, as i mentioned in earlier post - this upmove rally is seen on lower volume.
• But when this reversal will happen ? Not sure, but i would expect the next week is the reversal week for this upmove.
• If we found reversal on the daily chart in the coming days of next week(1st week of Sept) then we should go for short position cosidering the Bear October.
• If you dont found reversal in the coming days. Don't attempt for Short.
• So, wait and watch and then act accordingly. (Sabra ka phal mita hota hai). 

Happy Trading!!!
Yogi

Short Term Buy Call - Bharti Airtel

For 27 Sept 2012 -
Buy Bharti Airtel Future near@263, SL - 260 for the tgt - 281.