Expiry Special- 24.02.2016

Expiry Special:  These days are not meant to change positions intraday ..frequently. At this time, when many advisors are giving Expiry calls at so & so price.. Here is my opinion... ABSOLUTELY FREE..
(Disclaimer-Plz don't take it as Buy or Sell recommendation for any reason. Your decision will be your own)

As Expected, nifty took resistance from the zone marked in last post & i added my 50% shorts again at 7200 break. Closed 25% of recently added today EOD at 7020 with 180 Pts. Rest 25% kept with SL at 7050 NS. Old 50% still intact with SL at 7510 NS.

Now, as 7000 is a big round number , a good bounce is expected. If tomorrow by 11 AM, Nifty is below 6980, Shorts are safe, Else is Nifty hovers above 7000 (& better above 7045), then we can Go LONG with SL at 6975 for atleast 7400 NS..

Nifty Outlook for Feb'16

Nifty Outlook: As i was expecting, Nifty gave a fall last week and last to last week. My positionals entry is marked with a Blue arrow, It was at Bearish Engulfing at MBB as a BPB of the marked zone.
50% Partials are booked at Hammer EOD near 6980. An easy 400 pts ride without any hickup.. Rest will be kept till i get a signal of end of this fall or at SL = 7510 NS.
Now mkt has moved quite well sustaining below yearly lows. Its again making a beautiful setup to add to the Shorts kitty..
If  by tomorrow, Nifty moves above 7315 NS, i will assume a pause in downtrend & will not add without any good signal. Else, I will add my partial Shorts again tomorrow EOD.
(Yess, i don't care about Budget and all News, i trade what i see on charts... Lets see how it unfolds)

Nifty Outlook for Current Week - 02.02.2016

Nifty Outlook -  Today was a crucial day for Nifty. Nifty Couldn't sustain near 7600 levels, but managed to save below support. Many people still counting waves for 8000 and above Tgts. I am still not convinced with this upmove & assume it as a technical correction only.
NOW, the very probable move of Nifty seems to me like- It will make a Medium term Top in either 7600 -7660- 7700 level. Daily UBB is also coming in 7700 DP zone.
I am gonna Short NF near any of these 3 levels with first sign of weakness & i look forward to get a breakdown of Lowest Low.
I am planning to ride this full move. It may be catching a Black Swan.. and i will try to ride it & will keep rolling to next month (which is really difficult if doing for full year, but will check my patience levels) it to my Lowest Targets - nearly 6300 NS with my SL above 7800 levels initially.

Intraday - 01.02.2016

Intraday: Mkt bias was positive after a strong Breakout. Chopped off badly..
1) Long on BOF of PDH. Closed at pink line marked below RH
2) Another long on Tag of LBB. Waited for few mins & closed.
3) Final long on good rejection of RL + PDC. Closed it too with small loss.
Mkt was tough for me today. Called it a day at 2.30. No further trade.