Market (nifty) outlook

[Dev Mookerji]

Have plan to go on vacation next week. Thus may not be able to updates commentary here. In case of unexpected breakout/down, I will update in Facebook Group.

People may follow market commentry here in FB group. Kindly note this group is spam free.

https://www.facebook.com/groups/221340431224031/

 

[Dev Mookerji]

Today its an opportunity for the bulls, as bears failed to closed Nifty below 5840 on Friday (All futures level in this entire group/Thread). Today Buy 5800 Call or Nifty @ current level +/- 15 points with a sl of 5830 for intraday & 5810 for positional for a target of 5870/5920/5950.

 

[Dev Mookerji]

Today its an opportunity for the bulls, as bears failed to closed Nifty below 5840 on Friday (All futures level in this entire group/Thread). Today Buy 5800 Call or Nifty @ current level +/- 15 points with a sl of 5830 for intraday & 5810 for positional for a target of 5870/5920/5950.

Nifty makes high of 5926 second target achieved. Hope the followers enjoyed the trade. If still holding positions trail SL ur buying price.

 

[Dev Mookerji]

Target of 5950 also achieved, book profit 50% here and wait for next target 6000, by the meantime upgrade SL to 5920.

 

[Dev Mookerji]

On Friday I told here "Target of 5950 also achieved, book profit 50% here and wait for next target 6000, by the meantime upgrade SL to 5920."...So act accordingly.

Now Book 50% of your remaining position here (6000), and wait for target of 6200 upgrading your SL to 5940. Remember 6000, 6200 & 6350 are the strongest Resistances and every time Nifty reaches these levels, supply can be witnessed broadly. So if you are not comfortable book profit fully your positions around 6000.

 

[Dev Mookerji]

I am sorry that I am unable to wish a Happy New Year to my friends. We are not celebrating the New Year in keeping with the sentiment of the entire nation. Of course it is not contemporary for me when I don't have any official client base services.

This is not the only case, Entire India is in mourning for the young victim of gender brutality rather the callous was started much much before in Hindustan.

I am ashamed of not only the very recent incident, but I am ashamed of failure of Janalokpal Movement also, in which I took part actively.

I am strange to note that even after so many exposures how could congress managed to win Assembly elections? Even after so many corruption charges why we are comfortable to vote for ruling Party ?

IMHO we the Indian's have divided, as the political parties (specially INC) wanted to divide us on the basis of caste & creed, Religion, Geographically & financially.

Why can't the National Parties asks for educational/primary Medical facilities to all the people of India, rather for symbolic SC/ST/OBC or Muslims?

Why a person scored 30% lesser than me in the 10th Std becomes Divisional Magistrate in my Hometown on the basis of caste, where I am leading an uncertain livelihood being a self employed? Specially when both of our Fathers enjoyed the same perks & offices.

Why no body had questioned about the genocide of Kashmiri Hindus? Why there is two types of Law in a single country?

All the Newspaper's are manipulated, some good amount of money is coming from Gulf countries to spread hat-redness and inferiority complex about Hinduism.

I can raise a plenty of questions here, but for whom? I am not an Saint here, even what Annaji or Swami Ramdev failed to achieve their goal what for I am wasting my time in the mid night ?

Being an Analyst of Stock Market religiously, let my assumption to be correct, by making Nifty New high in 2013, that day I will enjoy my New Year eve.

Bye
& tc

 

[Dev Mookerji]

On Friday I told here "Target of 5950 also achieved, book profit 50% here and wait for next target 6000, by the meantime upgrade SL to 5920."...So act accordingly.

Now Book 50% of your remaining position here (6000), and wait for target of 6200 upgrading your SL to 5940. Remember 6000, 6200 & 6350 are the strongest Resistances and every time Nifty reaches these levels, supply can be witnessed broadly. So if you are not comfortable book profit fully your positions around 6000.

Target of 6000 is also achieved, now wait for 6200/6350 & then New Highhhh. But trade cautiously and don't forget to upgrade SL to 5940.

 

[uluv2trade]

any call on equities

regards
dutta

 

[Dev Mookerji]

Hello,

My friends & foe. Some recapitulations from the past.

We are in a secular Bull Market. Primary and Intermediate trend is up as on date. According to me there is no weakness seen as far as primary trend is concerned. I would love to watch 4500 & 3900 level with great interest for the year 2010. Until 4500 gets broken by weekly closing basis there is no threat for intermediate trend and subsequently 3900 for primary trend. If 4500 gets protected we can watch the level of 7500 by end of 2010. In any case and assuming the worst scenario as far as world market is concerned nifty will not break 3900 level during 2010 2011.

Bottomline:-

Have a close look at 5300 nifty level. Keep a sl of 5285 and go long.
If nifty holds 5290 level during the year 2011, we are going to watch nifty 7500 level by this year end.

As written earlier 3900 or even 4500 not broken during the year 2010 & 2011, but subsequently targets were also not met.

Hence corrected time frame for nifty targets: 7500 by 2012 & 15000 by 2014

Since first week of january 2012, we have seen seven consecutive green bars in weekly charts, which can be considered as extremely bullishness. But simultaneously as the nifty has gained 1200 odd points vertically, it was bound to put very pause. In technical terms it is known as healthy correction last couples of days are just a simple example of healthy correction.

I am not an astrologer so can't predict the market movements preciously, but according to chart analysis can definitely project the future movements. Several time i have written that i am considering the move as a new bull market. And to confirm this nifty has to be closed above 5200 on 31 mar 2012. At present i am not expecting correction more than 5100 level. From the level of 5180/5200 people are going to get an opportunity to enter long positions which otherwise left the rally so far.

Now if nifty closes above 5200 level on 31 mar 12, there is no If & But, nifty is going to make new high and the targets are (i) 7500 & 15000 by next two years.

So finally we are on the verge of a new Bull Market in India !!

Presently 5400 is strongest resistance for Nifty. But two weekly closing will confirm the beginning of fresh bull run in Indian Market.

Targets are 5600/6200 & 7500 for Nifty. Charts can be seen here for better understanding.

https://www.facebook.com/photo.php?fbid=10151100541648069&set=o.221340431224031&type=1&theater

Target/resistance of 6000 almost met. Now wait for 6200. Above that open sky is the limit, my target is 15000 in coming days

Target of 6000 is also achieved, now wait for 6200/6350 & then new highhhh. But trade cautiously and don't forget to upgrade sl to 5940.

IMHO I am the only person who were shouting about new high in the market since 2010. Though the targets of New high could not achieved during this period, rather failed make new low also. Basically last two-three years market was in a consolidated phase.

Now, in the New year when whole India & world are asking about New high and targets, may I expect some "Dev Bashing" for predicting the things much much before, when everybody were talking about 20 yrs Bear Market, afraid of talking about Stock Market with friends and avoided value investing.

I am ready with all my guards, and expecting some rotten eggs & tomato's. Carry on guys.

regards
Dev Mookerji

 

[sudoku1]

Hello,

My friends & foe. Some recapitulations from the past.















IMHO I am the only person who were shouting about new high in the market since 2010. Though the targets of New high could not achieved during this period, rather failed make new low also. Basically last two-three years market was in a consolidated phase.

Now, in the New year when whole India & world are asking about New high and targets, may I expect some "Dev Bashing" for predicting the things much much before, when everybody were talking about 20 yrs Bear Market, afraid of talking about Stock Market with friends and avoided value investing.

I am ready with all my guards, and expecting some rotten eggs & tomato's. Carry on guys.

regards
Dev Mookerji

http://www.traderji.com/derivatives/42863-nifty-50-future-trends-1140.html#post713468