More Shorting Candidates Than Long: Markets Down?

Hello friends, I'm back here after a long long time. To explain my long absence from the blog, I have no reasons to give. Just lazy, I guess. What brings me here is a wonderful program that I attended in Bangkok in May 2016. The 5th edition of the Traders Carnival, a program in which traders from all over the world got together and shared their ideas on how we could generate profits from the markets. The program really has helped me broaden my vision about trading with a system and it once again reaffirmed the importance of discipline in trading. 

How to Become a Multi Crorepati from the Stock Markets?

Stock markets have always attracted people towards them as a way to make quick bucks and returns unimaginable anywhere else. People like Warren Buffet, Peter Lynch, George Soros, John Templeton, Benjamin Graham and the Indian Rakesh Jhunjhunwala are all examples who started as a nobody and ended up as billionaires and only because of their one ability - the skill and the ability to identify good investments at the right time and turn them into fortunes. They really did make their bucks run and run hard. 

Case Study of Double Tops Signals Huge Nifty Fall

It's been a long long time since I posted last and it does call for an apology on my part, specially to my regular readers. But all this while, even while I was away, the Nifty was still following what we had predicted. In my last post, I had suggested that an upswing was expected which had a target of between 6090-6140. I had also mentioned that we should book profits above 6080 and should take a short position from there for targets of 4300 and below. And the Nifty did turn around from 6093 and has been moving down ever since and it has even crossed the previous low of 5570 it had made in June this year, clearly indicating the beginning of a new bear market.

Upswing Expected After Triangle and Flag Formation

The Nifty was well on the way to our expected target levels of 4300 and below but was then interrupted by a quick and sharp upmove. These temporary corrections are expected on the way and in no circumstances do we expect the Nifty to go to 4300 and below in a unidirectional manner. Our job is not only to make a prediction on the direction of the market but also to trade on it. And while our predictions will help our trades to be more profitable but at the same time we have to be prepared for times when our predictions may go wrong. It is at times like those when we have to listen to what the market is trying to tell us. We just need to listen to the markets, they too have a language, and, believe me, it is not difficult to do that. Anyone can do that, all you have to do is to learn Technical Analysis.

Ranbaxy Up, R. Com Down, Nifty Yet to Decide

It's been a long time since I wrote last. And there's a good reason for that. I've been bearish on the Nifty for so many days now and there has been no change in the view till now so there was nothing new to mention. Such downsides will not come via a one-way movement and there are bound to be some corrections in between. What we are seeing now is a correction. Now, whether this rally that we are seeing is a correction or the bigger downside was a correction is yet to be seen. This present rally has started showing signs of a much bigger rally that may be coming. One may just have to be careful now and convert short positions, if any, into long positions when the time comes. 

Nifty Going Down, Maintain Shorts

Today the Nifty opened on a stronger note but soon started falling and within minutes it was in the red and from thereon, it was a unidirectional fall for the Nifty, except in the last hour and a half when it made a strong recovery, but not enough to bring it in the green. In the process, just after opening it made a high of 5996, in the mid-afternoon it touched a low of 5917, recovered to 5951 and then ended the day 46 points in the red at 5939. Well, the Nifty made it clear today that it is going down and going down a long way. But the small recovery towards the end could be a signal that a small bounceback could come.

Retake on Elliott Wave Analysis of Nifty: Target 3305

This is in continuation to my earlier analysis of the Nifty based on the Elliott Waves. I have already written two posts regarding this, one in January, just a few days before Nifty made the memorable high of 6111.80. In that post I had given a minimum target of Nifty to be 4300 but since the top had not been made as yet I assumed that the minimum target could be close to 4500 levels. Just days after that, the Nifty made a high of 6111.80 and started falling down heavily and came down to make a low of 5477, more than 10% down in a matter of days. That made us assume that the wave B was over and that we were now in the wave C and that the Nifty would move down to our perceived target levels. The second post's target of 5528 was given during this fall when the Nifty was still trading at around 5870 levels. The Nifty then did come down to 5477 and almost unexpectedly, started moving up and went up to 6230 and then started falling again.