Short Positions For 21st May : Stock Futures

Short Sell the following stock futures of May series to make profit:-

1. Sell CESC at  330/335 for target of 316
2. Sell Maruti at 1780/1790 for target of 1725
3. Sell Indusindbank at  520/525 for target of 490
4. Sell Kotakbank at 790/795 for target of 760 

There are others which may or may not reach their sell levels today. But in case they do, then you can also sell the following at levels indicated below:-

• Sell LICHSGFIN at 284/287 for target of  270
• Sell Yesbank at 537/540 for target of  519
• Sell Lupin at 800/805 for target of 750

ALL THE VERY BEST!

Markets Sell Off In Second Half - You Were Forewarned

Today markets opened with a gap up. Nifty June Futures opened at 6215, gap up of 14 points. It went to a high of 6247 and closed at 6174. In my last blog-post of 17th May titled Indian Markets Chug Along - But Bulls Beware of Trap I had forewarned that selling will be witnessed in second half of trading session. And that is why I had recommended selling Nifty at 6230. Some of you have heeded my advice and are short in Nifty. But those who are still debating, this post is for them. Tomorrow initially Nifty should move up and so you can short Nifty June Futures at 6190/6200. Reason is simple. You can see Bearish Engulfing candlestick pattern in Nifty formed after today's trade.

 

Hence those who missed selling today can go right ahead and sell tomorrow at levels indicated above. In case you send me feedback on what your opinion is or what your queries are, then I can be of more help. There are times when I also feel  the need to update you when the market is in progress. There are times when I can tell you to exit or enter market as per the prevailing conditions of the market so as to maximize profit. 

To achieve that I will be updating very important points in this blog during market hours also. For you to easily access my blog-post, you should download my toolbar which is available at the right sidebar. This toolbar is a google powered Alexa toolbar and has the following advantages :-

1. This toolbar will be positioned below your address bar when you open your browser.
2. You can access my blog with just one click from this toolbar.
3. You can access your facebook and twitter accounts from this toolbar.
4. You can go to your gmail account from this toolbar.
5. There is a Real Estate link in the toolbar where I will be adding great opportunities that present themselves in Property market.

Once you download the toolbar make sure that you enable it to show up in your browser screen by clicking on 'View' button at the top of your browser window and then enabling toolbar for "Archana's Blog". And yes, download of this toolbar is absolutely free. So just download my toolbar and keep visiting this blog intermittently during markets hours. It will take just a minute or so of your time. Happy Trading!

Indian Markets Chug Along - But Bulls Beware of Trap

Nifty closed today up 17 odd points. It seems that bulls are having a field day and there is relentless buying with no topping over in sight. But stop!. Before we conclude any such thing, I have a different take of the situation. Its a set-up for a Bull Trap. Not in the classical sense but the final effect is going to be the same. The newly converted Bulls are going to be trapped thinking that there is plenty of steam still left in the market to make profit on the upside. But just the opposite is going to happen latest by coming Tuesday i.e. 21st May. By the way, selling in Nifty could also begin on Monday in the later half of the trading session. If we look closely at daily chart of Nifty, we find 'Hanging Man' candlestick created in today's trading.

 

So on Monday (20 May 2013) as  markets open, we should sell Nifty June Futures. I am recommending June Futures because we should get better momentum on the downside with June series. On Monday I expect a gap to be created on opening. Whether it is gap down or gap up, we should sell Nifty June Futures. This means that your sell could be anywhere in the range of 6180 and 6230. First Target for your sell will be 6000 and 2nd Target will be 5900.

If you have any queries then do ask through the comments section.You can also write your thoughts and suggestions for improvements. Share your thoughts and we will all be that much more informed. All the best for trading on Monday!

Short Selling - Get Ready To Take Another Shot

Markets are cruising along in overbought territory and we need to ready ourselves for another try at short selling. The last try was when I had given a call for shorting Nifty on 10th May. Check Here. And on 13th May Nifty had fallen 132 points intraday. But on 14th May I had warned of bizarre market movements with wild illogical swings and volatility in this post here. The very next day on 15th May Nifty rose 138 points intraday. Hope you can sense the true meaning of bizarre market movement. Lets look at the daily chart of Nifty.

What you see on a particular day in market is just some weird and calculated posturing by big players and not the true direction or trend of the market. So do not get carried away by these bizarre market movements. Selling is round the corner and if I am not mistaken it will start within next couple of trading sessions. I feel tomorrow's trading session will give us the final signal for selling. From that angle tomorrow is a very important trading day, which will define the market's direction in short term. Keep vigil!

Selling in May Has Started - Nifty On Course To Target

Selling in May has started as I had predicted on 10 May 2013. We are about to witness a bizarre game of Distribution. Those who are uninitiated to the term "Distribution", it is a technique of selling by big players wherein they try to mask their intention to sell large quantities by selling in small tranches. This ensures that the prices do not get depressed suddenly and they are able to get good average sell price of their overall quantity. In this process they also intermittently try to artificially spike up the prices by buying back portion of their sold quantity.

This is a normal process of selling that happens in the market as a precursor to Bear Run. Then why am I calling it bizarre? The other day I was telling a friend of mine about what I perceive would happen in the market looking ahead. I am of the firm opinion that in days ahead we are in for some serious selling in the market. In normal times, the distribution phase is meant to suck up the retail investors by tricking  them into buying when actually they should be selling. Conditions in market are so created which convince the retail investors to buy. But at the present moment there is hardly any retail participation and even the domestic institutions are well nigh non participants in the market. That leaves the very big fishes comprising of all shades of FIIs. It is these big players who will try to hoodwink each other to get the best selling prices. So in short you will witness some very complex market movements and illogically high volatility. One day it will seem as if the Bears have taken total control and the very next day you will inexplicably find Bulls racing ahead in full steam.

But don't worry. As long as you are with me through this blog, you will be guided to weather any storm in the market. You will recall that on 10 May 2013 I had advised to sell Nifty May Futures in a post titled Sell In May & Go Away - Should We This Time?   And in the very next trading session on 13 May 2013, Nifty May Futures dropped from intraday high of 6119 to intraday low of 5986. In today's session Nifty May Futures has made a Doji and closed at 6006.

However, in my recommendation I had given the first target of 5870 for Nifty. It seems we are on course to achieve this target. Those who have sold Nifty as per my recommendation, can hold on to their position till the given first target. But they should keep stop loss at 6090, owing to expected high volatility. And once the first target is achieved then they should hold their position for the second target, but with apt trailing stop loss so as to protect their profit till then.

So far so good in trading Nifty since we are sitting in profit. Lets see whether the coming sessions vindicate my stance. Happy trading!