Bloodbath on the Street : But Profit Time For My Followers

I hate to say this, but today markets witnessed some horrendous sell off. Crazy market move on the downside was expected but some sectors saw some serious sell off. I have been continuously warning the bulls to shift their stance to selling. Take a look at the list of blog-posts where I have been consistently pleading everyone to be on the sell side :-

Investors - Time To Consider Shifting To Buying Real Estate
Sell In May & Go Away - Should We This Time?
Selling in May Has Started - Nifty On Course To Target
Short Selling - Get Ready To Take Another Shot
Indian Markets Chug Along - But Bulls Beware of Trap
Markets Sell Off In Second Half - You Were Forewarned
Short Positions For 21st May : Stock Futures

 Ferocious selling today should not have harmed those who have been following this blog. However I am still sad that I got some of you to exit your sell positions earlier than you should have. This means that some of you would not have realized the full profit potential of your short positions - all because I got unnerved. My apologies. Instead of asking you to square off your short positions, I should have told you to keep a trailing stop loss. We live and learn I guess.

Those who sold CESC May Futures at 330 as per my recommendations in 21st May post, would have squared off today at the given target price of 316. They would have earned profit of Rs 14000/- from one lot in CESC.

Those who are still to take action as per my recommendations, should start trading right from tomorrow. There will be plenty of earning opportunities in trading stock futures in May. However I will be giving recommendations for trading the June series from now onwards. And tomorrow morning by 8 AM you will, get recommendations of some stock futures to trade. So check here tomorrow to get your tips before market opens. Don't miss the trades.

Time to Book Profit In Nifty

Right since middle of April I have been harping on the fact that we should be on sell side. In fact I have advised against investing in stock market at present and instead only trade in stock futures. You can see it in this post here Execute Your Trading Plan Now

Also since May I have been asking traders to go short in the market. Last time I recommended selling Nifty June Futures was at 6230 in this post here Indian Markets Chug Along - But Bulls Beware of Trap

As you can see I had warned bulls in the market to be cautious. Today Nifty June Futures slipped and closed at 6127. Those who have shorted Nifty at 6230 level can think of booking profit as market opens tomorrow and Nifty is around today's closing price. This should give them a neat profit of Rs 5000/- per lot in two days of trading.

Those who still haven't executed any trade can do so tomorrow. If market opens positive look to execute trade recommendations that I had posted today before market opening. You can look them up here Short Positions For 21st May : Stock Futures

Keep trading since you will get umpteen opportunities this May to trade on the short side. All the best!

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!