Zee Media -- very quick upmove coming?

Hi,for some reason i am expecting a bull market for India and the world till around beginning of 2016. And in this bull rally most high quality would fetch a good return over a period of time .But we always want that quickfire gain in a very short period of time for a stock and then move on to next one...to maximize our Profits :)

So the very first bet of this new year is Zee Media Corp. Got it today at 13.85..and have a target of 18-19 in mind.See chart below:

2 characteristics of this chart:

1. A very long Wick , a hammer like positive candle.
2. After a up-move , symmetrical triangle formation.

Now compare with CanfinHome chart below and similar formation developed before flying upmove.

I should say we are going to touch 18-19 range within 20 days giving a good 25 % profit .

Happy New Year ( With Sanskrit sloka ॐ )

                                                 न्यू इयर ग्रीटिंग्स 

           ॐ Chant the above lighting a lamp in-front of any God's image.ॐ 

Also check the below fine mantra:

ॐ 
Lyrics: Sanskrit
सर्वेषां स्वस्ति भवतु । सर्वेषां शान्तिर्भवतु ।
सर्वेषां पूर्नं भवतु । सर्वेषां मड्गलं भवतु ॥
सर्वे भवन्तु सुखिनः। सर्वे सन्तु निरामयाः।
सर्वे भद्राणि पश्यन्तु। मा कश्चित् दुःख भाग्भवेत्॥

Lyrics: English
Sarveshaam Svastir Bhavatu
Sarveshaam Shaantir Bhavatu
Sarveshaam Purnam Bhavatu
Sarveshaam Mangalam Bhavatu

Sarve Bhavantu Sukhinah
Sarve Santu Niramayaah
Sarve Bhardrani Pashyantu
Maa Kadhchit Duhkhabhahg Bhavet

Meaning:
May good befall all,
May there be peace for all,
May all be fit for perfection, and
May all experience that which is auspicious.
May all be happy. May all be healthy.
May all experience what is good and
let no one suffer

ॐ 

Regards,
Jonak

Nifty :Going to 5500?

I thought a bounce was coming so that i could short form higher levels. But the major supports got broken at 5840 . And now I m short. Next major support looks at 5620. But look at the weekly chart with bollinger levels.The bollinger bands are working perfectly here with perfect touches and reversals.  And we should touch 5520 looking at this one.

US Dollar: More Down move left

See the Chart below . The whole wedge shown by RED lines was retraced to hit target in red circle. This time too , similar formation and whole blue wedge will be retraced to hit target area shown by red rectangle.

Some upmove for stocks expected.

Nifty between lines

Just like the nifty gave accurate touches of the blue line during the rally, this volatility is being done within the boundaries of the red lines. Perfect touch of the lower red line, short term indicators like CCI(8) are oversold and showing divergence ; we should expect a hit at the upper RED line . Minimum expected from this up move is 6050 area in Nifty futures.

This is not the start of a big rally though . I am expecting BIG bearish session to begin after this up-move.

Nifty :--Pattern Watch

So ..are we doing that move towards 6200 from here or is there (little)more fall.....before we go for a rally...
in the post below i said we are doing a consolidation before we head for a Major 350 + pointer rally....I had shorted at 5950 level ..but this thing went some 80 odd points more than I thought.....Added more shorts at higher levels...

So look at the 2004  chart again....see the area which is underlined with red Horizontal bar...

And see a smaller fractal....the 1 minute chart from 21st sep when we saw a big 160+ point blast ....area marked between 2 horizontal bars....

So  the NIFTY pathway that's on my mind is shown by BLUE lines...

So that means more fall till 5840...and then we rally ....what do u think...lets see...

Nifty :--Consolidation

---before we get a major rally .....Looking at a some of my favorite indicators for varying periods....
parallel channel looks to be the best consolidation formation here....averaged my shorts today .

The arrow head shows what I am targeting. Holding Puts.

Nifty : Back to 5800+

Since all the major money flow is from the US FED, the US Presidential cycle has been giving good bottoms till now . Here are two charts:

And here is  one for October Month :

 These charts show a bottom around 10th October from where we see a good up move. These Presidential cycle charts have been able to indicate major bottoms this year for Nifty too.

Now I had been keenly watching a 1 minute chart of Nifty when we saw that big 170+ points up-move in Nifty . I am presenting to you once again ere below .

At 5630 I believe Nifty is at good Support , and at the point shown by the Green triangle pointer. Once again just as a reminder i bring forward to you the 2004 chart . Which has also been replicated till now .Here we see it below . Now compare the area above the RED horizontal line to the area between the red horizontal lines in the above chart.

Now we see our present Nifty chart . We definitely see that Nifty is landing on good support. One indicator I used here below is the 13 Period Bollinger bands. With today's levels the bollinger band lower level has been touched . These bands give good bottom indicators in corrective period.

So looking at all those charts , I have drawn a blue arrow as the next Nifty path . Going long today . 

GODFATHER is here, India

The undisputed CZAR of the financial world .....is here with his right hand man..........what the hell is cooking?

Say Hi ...:)

Nifty : Short term top

I had added shorts yesterday and averaged today . I was going to post yesterday but did not get time. As indicated in the last post i was waiting for the CCI(34) to come close to the +100 line from the top . Well its almost there but the reason I added shorts yesterday was because looking at a couple of other things , I think the short term top is in.

Look at CCI(14) . Its showing divergence . CCI(14) divergence gives a good trade most of the time. But also look at DMI. The yellow part of the graph is at extreme levels... Also the green part of the graph is behaving like in september 2010 at which a correction was seen. Also its channeling but more than the channel , its the wedge formation and wedges have been acting very good in Nifty .

The DEFTY has also got divergence but RSI is majorly overbought reason. and also major trend line resistance.

TheVIX is giving higher lows and hammer like candles and getting support.

As of now i had squared off the PUTs at lower level 34 period Bollinger Band at 5732 in NF from were it bounced back . I hope we touch 34 hour mid BB level or the 34 hour SMA at 5792 at which poiny I go short again.


Some weeks back I posted a 1 minute chart showing "Shape of things to come" . I had deleted the post but I think we are doing exactly the same graph as seen in that 1 minute chart.

See the region between the 2 red horizontal lines. I think this correction in October month will be the same . Looking at the above above 1 minute chart I think we should hit 5525  like below ...in the first down wave as shown by the arrow.....lets see.

Have fun.