Time To Stick My Neck Out "Nifty 5000"

[uasish]

Hi,
Nifty Fut 2nd failed attempt at 3757 at 11.23 am has confirmed my apprehension.Liquidated my earlier Nifty long & initiated a Short of Nifty & after Liquidating all of HLL in cash initiated a short.Still holding Balarampur Chinni & Guj Alkali .

Asish

 

[uasish]

In 1 min Nifty Fut PIB chart there is a probable double bottom at 3711.65

 

[uasish]

Covered Short of HLL also.

 

[renu daga]

hi
ashish da
u are rgt nifty showed an inverted hammer...on 12..and hence it should close above ,,3780 today but it failed,,and more over nifty is still showing a 5 th wave is left with pti.39....hence,,,we can look forward...with nifty below 3550..say 3420

renu

 

[uasish]

Hi,
Nifty completing a 3 bar symmetrical triangle with yesterday's low being the 2nd touch
of lower trendline,the volume steadily declining in last 3 bars & yesterday's close
almost at the apex of the upper trendline.The weekly chart says an engulphing bull
(bullish in downtrend)but if it close below 3717 then that is negated.The wkly structure
with a preceding big black candle before a long legged dozi and an engulphing bull after
the long tail is in fact a structure denoting bottomed out & Bullish.Now suppose it breaks the pattern (symetrical triangle)
downside then the tgt is 3650 ,which infact is 200 EMA.Other supp area :3729 / 3719 / 3693.

What should i do:
All my profitable & marginal loss positions are liquidated as per my yesterday's strategy
Now holding only GujAlkali & balarampur chinni & Tata tea(will be loss to sell) in cash
& no position in Fut. Balarampur broken symetrical triangle & closed up,hence hold but with
a SL just below "Lakshman Rekha".Guj Alkali will buy more if i get 107.60 if god willing
will buy again at 106.20 .Today with absolute light position will enjoy ring side view,but
looking at charts the bug inside will invariably prompt,but no have to refrain myself,becoz
chart is Bullish but Wave count is negative Since yesterday & DOW negative today,so any fresh
entry ,except long term will be a fatal casualty in this Bull?Bear Mayhem.
Cheers
Asish

 

[uasish]

Hi,
3650 still holding nose above water ,if this breaks & closes below then refer my earlier chart analysis.Thk God ,for lightening every thing yesterday,as per my strategy in yesterday's post.

Asish

 

[uasish]

Hi,
Now procrasting should have hold HLL & Nifty short,but let me be not greedy rather happy with what god desired.

Asish

 

[uasish]

Tata Tea ,the only black sheep in my portfolio is (-) 0.41% whreas Nifty (-)3.02 %. Showing Strenght ,but this scrip tends to loose after 2.30 pm.

 

[uasish]

Hi,
I would Buy HLL tommorrow.

Asish

 

[uasish]

Hi,
Nifty Fut forming a Triangle .

Asish