Monday, 28 July 2014

Mega phone chart pattern detected in Nifty


Nifty has run beautifully from low of 5933 formed on 4 Feb 2014 to high of 7840.95 on 25 July 2014. And in this entire run up except the period of March series and start of the May series up-to election result day, Nifty failed to convince the run. And bears hardly made money in these 5 months from March to July 2014.

Now there is something for bears to rejoice.

A chart pattern is forming which has very strong history of  giving big down moves. 

See the figure below : 

Now guess what can happen next ? 

Now see the figure below in continuation to first one : 

Nifty after some false movement towards 6100 tanked badly.

Now a beautiful mega-phone pattern is forming again. 

Will Nifty give a false a breakout towards 8000 and then fall, or it will first fall, then rise sharply ? 

We have spotted it beforehand, so will try to make use of this information in our trading.

Anjum S Khan

Friday, 27 June 2014

Trading strategy for a trader in new series

We have witnessed this series after series that one can make excellent profits in the first two weeks of the start of the series. And especially in the first week. 

Once a series is expired, traders take fresh positions in new series which brings tremendous movement in markets which can be capitalized upon carefully. 

It has happened many times before as well, that we started off very well, and then lost all our earnings while approaching the expiry.

So, trade aggressively for first 7 trading days and then don't trade or trade with strict 30% money management to protect profits.

A wise person is one who listen to advice of seniors. 

Anjum S Khan

Sunday, 16 March 2014

Series of narrow range days - 16 March 2014


Recently Indian stock markets have seen a common phenomena of narrow range days. 

Stocks forming a base with series of narrow range days and starting to move higher and higher constantly without any pause.




and now,

Renuka upmove hasn't started yet, but reader can imagine what can happen in it now.

Anjum S Khan

Monday, 3 February 2014

FII + DII stats both sellers - 3 Feb 2014


Nifty February 2014 series derivative quote - 3 Feb 2014 - 6039

Today on 3rd Feb 2014 FII and DII were both net sellers.

This is an interesting pattern. When ever both are net sellers in equity segment, market tends to rise next day, and / or shows resilience to falling further.

Here is a record of 2013 and 2014 : 

20 mar 2013

4 apr 2013

11 may 2013

6, 11, 17, 20, 24 june 2013

2, 3, 5, 8, 12, 17, 18, 24, 25, 29 july 2013

26, 27, 28 aug 2013

3, 13, 23 sep 2013

1 oct 2013,

21 nov 2013,

3, 6, 7, 24, 27 jan 2014

Out of these 31 dates, market stats are given below :  

positive high - 12, 

positive closing - 5, 

found bottom - 8, 

Now you can decide what can happen tomorrow.

Note : FII + DII data is taken from moneycontrol website.

Anjum S Khan

Friday, 31 January 2014

Domes are bearish - Nifty february 2014 series derivatives 31 January 2014 update

Above figure is intraday chart of Nifty for 31 January 2014.

Nifty entire day made domes as shown in the figure.

Domes are bearish.

Anjum S Khan