>>>All previous Analysis

Profits in May (starting from 11 May) = 60 - 20 + 70 + 245 - 35 + 400 +30 - 50 + 70 + 120 = 890 points.

-->> All those of you who went long on Thursday would have booked profits of about 70 points on Friday, though the positiona at one time was running a profit of 150 points. But thats ok. We will close our positions only when our stops are hit.

Here I want to add one imp thing. Please donot delay your entry or exit once the signal has been generated. If you do this you are not following the system properly and could see losses in a sideways market and lesser profits in a trending market. If you do enter late then keep tighter stops at levels where you are comfortable till the red line catches up.

DONOT TRADE IN BETWEEN THE LINES. Why burn your hands in a sideways market.

I have added the RSI and Stochastics Indicator to the Live Nifty System and even the Bank Nifty and CNXit indices. Please read about them in the Essentials Section and use them to trade better.

All the Best.


-->> 2000 / 25 May :: STAYING AWAY IS A POSITION. What have we learnt yesterday and today. Not to burn our hands in the markets when the markets dont know where to go. You may win in this but you will lose more in the long run. Even our two lines are telling you the same. They are begging you to stay out of the market.

All the people who did short yeaterday when we went below the re dline would have hit their stops and earned 30 points, however if you enetered late you could have seen a loss, like some of you did.

So stay out till a clear signal is generated.Nobody can make money till a clear trend develops, and we are looking only for the big moves, so then why burn our hands for those 30 - 40 points which might end up into unnecessary losses. There is no need to trouble yourself for the petty money.

Because of the gap in the chart on the 22nd of May the chart is a lil incorrect. The 377 EMA is correct however the 1597 is lower than it should be and had therefore given an entry signal today, which might have made some of you enter. However I had cautioned everybody to keep a tight stop loss, if you had been tracking the chat box. Anyway I have included it as a loss of 50 points. Remember, the line is about 20 points lower than what it should be for Friday and on Monday would give you the correct indication.

The signal to buy would come when the nifty stays above the line @ 3205 with conviction.By then the red line would also move up . The exact position of the green line as of close is @ 3192.45 and the red line is @ 3127.47. If you do enter long tomorrow after it crosses the green line, please keep an initial stop of 50 points from your buy price till the red line moves above that and then trail if you can. Incase the green line (3205) is not breached pls donot trade.


-->> Analysis: 1500 / 23 May :: Well, finally we can all go to the bank and collect the cash, as ours stops have been hit. Oh boy! What a run.

Everyday I tweak the system a bit with inputs from all of you. Please read the entry and exit criteria regularly and do feel free to comment or suggest anything. Today also I have updated the entry signals as told to me by a friend ( Ayesha Fakhruddin). Thanks Ayesha.

Please remember that an exit has to be done only when the Nifty goes atleast 5 - 10 points above the 377 EMA and there are 2 candles which close above the 377 EMA ( for a short position like today ) in that range. You may also get whipsawed inspite of this but thats part of the game and will happen. What you must remeber is that in case you do get whipsawed you may look to enter again (short - like for today)but only when the Nifty goes min 30 -40 points below the red line.

We closed our shorts today @ 3125. Wow!

Profit in this trade= 3525 - 3125 = 400 points. ( The futures in actual case have given another almost 100 points. But we will not count that.)

Friends, Thanks for the tremendous response. This site I opened only on 11 May and I have got an excellent response from all of you. Just look at the hits. I am really grateful to you all. In the bargain I am also becoming a responsible and disciplined trader which is extremely esential for all of us. We must not try and make all the money in 1 day itself.

Day Trading is a losing game. Dont do it. Trend Following will get the Mullah in.

For the entry tomorrow "wait". Let it cross the green line ( Please read the entry rules again). This shows strength. And always "Buy strength. Sell weakness."
This could also be a correction of the downtrend. Who knows.

You can expect to enter around @ 3270 Nifty levels, but pls do check the charts as I may not be available online at all times.

Last but not the least, I have a complaint. You guys and girls are not seeing the beautiful ads which I have put up here. Whenever you open this site, see all the ads ( or atleast click on them ), thats all that I am charging you for this service. Rest all is free.

-->>Previous Analysis :: 1900 / 22 May :: Another Manic Monday for some, but for us "When it rains .... it POURS !!!"

The biggest fall I can ever imagine of the Nifty. The markets having touched the 10% lower circuit tried to recover but could not go past the 377 EMA. We have been given a free gift of another 165 points in the Nifty, and I am not even mentioning here that the Futures which we tradein have given an extra 70 - 100 points.

>Running in Profits as of now in this trade= 414 points.

Donot try to predict the markets. Nobody knows what will happen tomorrow or even in the next 5 mins. Just follow the trend which is being shown clearly by this extremely simple system. Cut your losses and let your profits run. Even I am now itching to cash my profits but the stop loss is not being hit, so I guess we will have to wait to close our position till the red line is crossed and our money can be sent to the bank. Do keep "Trend Following". It is the only way to get rich in the markets. Day Trading is not for everybody and is like feeding a hungry elephant all the time.

If even a few of you make some profits every month I would be very happy.

Our opening Nifty (Cash) stops for Tuesday, 23rd May are @ 3150. Lets see if they get hit tomorrow.


-->> 1700 / 19 May :: Markets Continue Crashing. Our shorts opened @ 3525 are doing awesome. The nifty at close on 19 May @ 3246 (Position Open).

Running in Profits as of now in this trade= 249 points.

Notice how the Nifty showed resistance around midday on 19 May 06 close to the 377 EMA line. As per advice given we did not close our shorts and our posns have shown huge profits.

Our stops for Monday 9:55 am are @ 3340.

-->> 1530 / 18 May :: Markets Crash. Stops for our longs taken taken on the opening. Loss due to gap down could be 35 points from our purchase price of 3560.

I hope you have all eneterd shorts as soon as you could as gap was well below the green line (1597 EMA). You should have entered latest by 3535 -3525. Now sit back and enjoy the FREE ride. The stop for the shorts is far away as of now at 3475. Donot close your shorts till the stops are hit. Ride it as far as it will take you. Dont let the foreigners take all the money. Get some back. Today s profits, considering the gap down and entry also = 3535 - 3391 = 144.

-->> 1600 pm/17 May ::Notice how prices tend to hover around the fibonnacci levels. Today we went long as per the chart and our system once the signal crossed the green line (1597ema).That was at 3580 levels for the Nity(spot). Running profit = 60 points. The stop is now at the purchase price. See the red line. exactly at 3580.