A MAJOR TOP NEAR BY ???

This article, i am writing to be able to help investors. nifty is merely 100 points down from the recent high of 5310. my target was 5325, missed by a few points.

my trading system has generated a buy call on nifty, on daily charts yesterday.

why than,,my article title is ..a top near by??..........well a mechanised trading system is what ?? a mechanised one, nothing else. manual observation is the key for analysis.

i am not saying that,, market is going to crash immediately,,,but for me time is near by where an investor should start being in cash.

more on this,, with charts...later.

danger signals ??

It is very difficult to believe but, one day can change the seemingly rosy picture into a gloomy one.may be , we are witnessing the same thing now.

our market has become so big that, so many times its not easy to predict a move purely on the basis of eod charts...intraday charts, become too crucial to find out the twist and turn of nifty.

very rarely it happens, that one banking stock is getting buy calls and few other banking stocks are geting sell calls, and BOTH..proves to be successful...all this is happening ,now.

readers must remember, that,i had posted the nifty chart, with a possible upmove, was with a trendline.today its intact,,narrowly escaping a break.

a bearish close tomorrow,,wll put either a fullstop to the upmove, or atleast a waiting period,,will

be there.

NIFTY :: READY TO JUMP

Looking at last 4-5 days confusing move,,i can presume that nifty is getting ready for a big up day.last 5 days rising volume is an additional clue.the trendline drawn on chart,should not get broken on closing basis....if the trendline is held,,we are going to see, a big move on the cards.

my calls on my website

Date	Script	Buy/Sell	Hint	Rate	Stoploss	Target	Result
05-01-2010	Pnb		Was buy n hold	912			940
	Axis		Was buy n hold	995			1020
	Rel cap		Was buy n hold	863			900
	Punj		Btst	209			215

5326 on course for nifty

i had suggested here, a few days back that, we need a close above 5183, for niftys upmove to 5238 and 5326..5238 done today and looking at intraday flag like structure, i think 5326 is nearby.

for realtime calls ,,visit www.twist4nifty.com , and add bhoom2tika in ym for my calls and my trading system.

my calls on my website www.twist4nifty.com

Performance

Date	Script	Buy/Sell	Hint	Rate	Stoploss	Target	Result
04-01-2010	Pnp	Buy	Buy n hold	912			928 high
--d0-	Tata steel	Buy		626			634
--d0--	Rel cap	Buy	Buy n hold	863	858		895
--d0--	Axis Bank	Buy	Buy n hold	995	989		1002 High
--d0--	Punj	Buy	Btst	209			110 close
31-12-09	5200 Call	Buy	If nfty trade above 5200	20			booked at 2750
--d0--	Nifty Fut	Buy	Above 5200	5200			5222 high
--d0--	Aban	Buy	Buy n hold	1186			1245 today
--d0--	Tata steel	Buy		618			booked 2 rs loss
--d0--	5300 call	Buy		83			91 today
--d0--	Nifty Jan Fut	Buy		5225			5247
30-12-09	5200 put	Buy	Above 38	32		46	Tgt hit High 53
--d0--	Litl jan Fut	Buy		568			574
--d0--	Sbi Fut	Buy		2224	2195	2278	High 2281 on 31st
--d0--	Litl jan Fut	Buy	If 575 crosses buy	575			583
29-12-09	Nifty 5200 Call	Buy		44	38	49	48
29-12-09	Jsw	Buy		1029	1012		was advised not to carry
--do--	educomp	Buy		737	5 rs		sl hit
--do--	Hdil	Buy	Dec. f or cash, buy n hold	364	360		374 on 30-12-09
24-12-09	Nifty 5200 Call	Buy		26	16		High 50
24-12-09	Nifty Dec Fut	Buy	Above 5164	5164	5149		SL triggered
24-12-09	Nifty Dec Fut	Buy	Around 5130	5134	5124		High 5208
24-12-09	Nifty Dec Fut	Buy	Above 5183 (pre Market)	5183			High 5208
24-12-09	Litl	Buy		565		7 Rs	572
24-12-09	Rel Infra	Buy		1096			1108
24-12-09	Tata Steel	Buy		606	598	615	High 619
23-12-09	5100 Put	Buy	Add more above 72	68			High 86
23-12-09	Nifty	Buy	Above 5000				High 5158
23-12-09	Icici bank	Buy	At 854				866
23-12-09	Rel cap	Buy	Above 840				858
23-12-09	Bhel	Buy	At 2318	2318	10 Rs		2355
23-12-09	Larsen	Buy	At 1665	1665			1685
23-12-09	Hdil	Buy	At 356	356			365
23-12-09	Dlf	Buy	At 366	366			375 on 24 dec
22-12-09	Nfty	Buy	If trades above 5000				High 5158

TO ALL........welcome 2010.......lets profit.

to everyone, known ,unknown,to someone who likes me,to someone who doesnt like me,to a trader,to an investor,to a technical analyst,to a fundamentalist,to a broker, to an operator,to a senior,to a newbee,to an active,to a passive,to a reader,to a follower,from a man who tries to understand every twist of nifty,with a promise to try doing it in better and better ways,,,,,happy and profitable 2010.