#MarketUpdate - Superrrr se Uparrrrrr performance by BULLS ! ! !

Hi all,

Nifty, after giving up 10700 levels, fell drastically on Monday and gaped down today to take support near the expected area of 10490-10550, mentioned in the earlier post.

However, 10530, which was a Supertrend support on daily chart was respected by bulls never before and they got back the entire control surrendered to bears in past few days, so much so that, the gap down opening triggered by the global sell off was off set and Nifty managed to close handsomely in green territory.

1. A positive divergence on 15 minutes charts
2. Strong pull back from the daily Supertrend support
3. A look alike of Piercing Line pattern (will trigger only above 10780-10800)

set up on daily charts, builds up lots of expectations for Bulls. Though this sounds very encouraging for bulls, any meaningful and decisive upside can only be expected when Nifty sustains above 10770 -10800 mark, which will then give higher top formation on hourly charts, a key for a reversal.

Cheers

Hrishi

#MarketUpdate - Bears come back for a weekend party ! ! !

Hi All,

Whoa.....What a comeback from bears.....

After a continuous rally of more than 5%, I expected a halt couple of days back when there was a bearish Harami pattern, which was not respected by bulls, but finally today, bears fought back strongly and even won the battle for a week.

In spite of bullish closes for 7 out of 8 days after the bottom at 10330, Nifty weekly chart now looks gloomy with a Shooting star link candle appearing near the resistance area mentioned earlier.... and hence, 10730-10700 levels is the last chance for bulls to pull back, else as per the lower top lower bottom formation of the hourly chart, near term trend looks negative with supports near 10660-10620-10550-10490-10430 and the final one near 10330.

As mentioned in earlier posts, if Nifty fails to create a bottom above 10330 and pull back from there, I feel even the 10k level would be at a risk....

#MarketUpdate - Bulls back on Track ?

Hi All,

As expected, Nifty surged after surpassing the levels of 10850 and today closed near 10970 levels.

Markets have crossed most of the resistances and now the final hurdle can be near 11050-11100-11170

Moreover, Nifty managed to cross and even close above the prior high of 10941 which is a very good sign as per Dow theory - Higher Top.... Higher bottom formation.

Also, Nifty has closed above the Supertrend on daily chart which is another encouragement for bulls, and now 10540-10500 levels will act as Supertrend support as well.

Nifty should now sustain these levels and surpass the resistances mentioned above.

Technically even the mid term bias has changed to positive, however I would like to wait for a while. Nonetheless, the recent bottom near 10333 becomes very crucial now and will be foundation support hereon, below which Nifty can even break previous bottoms near 10k levels.

Cheers

Hrishi

#MarketUpdate - Inside Bar.... What if BJP loses 2019 elections... #BigBull explains

Hi all,

It's ideally a Status Quo for markets as it tightly held, the levels posted yesterday.

But in that bargain, it has given an Inside bar pattern (today's high low within yesterday's range)

Hence, the levels of 10730-40 on the lower side and 10840-70 on the higher side becomes very crucial for markets going forward and will decide the future course of the markets...

Let's forget that for a while and enjoy the weekend till Monday...

Wishing you all a nice weekend....

Till then, just sharing a What's App forward.... It's excerpts from the latest chat with the #BigBull Rakesh Jhunjhunwala where he talks about his expectations of 2019 General elections and what happens if BJP is not voted back to power....

A must watch...

Happy weekend

Cheers

Hrishi....

#MArketUpdate - So far, so Good ! ! !

As they say.....

All is well, that Ends well....

Today as well, Nifty opened gaped up by almost 70 points showing a lot of strength from bulls, and the markets traded almost in the range of 60 points till 2.30. 

Though, bears showed  their presence, for a very small period of less than an hour, Bulls managed to pull the prices fairly up again....

As mentioned in the earlier post, Nifty exactly took resistance in the zone of 10810-10870 (multiple barriers, 78.6% retracement, gap down openings and Supertrend on daily charts) and now it becomes crucial to surpass this level, before bears get charged up....

Even though for little time, bears showed there presence hence the next up move can only start above 10840-10870 levels. There was nothing seriously bearish on intra day chart yet, but tone can look for intra day shorts with strict stop loss above the resistances.Traders can watch out for these numbers.

Crucial levels to watch out for -

Supports - 10740-10700-10620-10550-10480-10430-10300-10100-10000-9950-9700
Resistance - 10750-10820-10860-10950-11050-11170

Cheers

Hrishi

#MarketUpdate - Abhi hum Zinda hai... ! ! !

Update 5.50 PM 12th December 2018 - Just got the news about consumer inflation being eased to 2.22% , almost by 100 basis points (1%), Today's upsurge could be on account of that.. be cautious tomorrow.....

Cheers

Hi....

Today's post heading is a famous Bollywood dialogue of Firoz Khan from the comic movie "Welcome", and somehow it suits perfectly to the current political and markets scenario. The actors speaking this dialogue would be Congress and Bulls of Dalal street.... Lol

On the political front, yesterday Congress proved their strength by winning the Assembly Election battle with BJP by stunning margin of 3-0 (Rajasthan, Chhattisgarh and almost certainly Madhya Pradesh). This can be a vital development, especially when we are near to the General LS elections of April-May 2019 and the fact that it is a focal point for all the opposition parties which are against the BJP.

On Dalal Street, on 2 consecutive days bulls showed their power by giving a movement of more than 400 points from the bottom of 10330 yesterday.

As we expected in yesterday's post, after surpassing 10600 mark, Nifty today zoomed up and crossed the target of 10700.

Nifty created a high today of 10752, which is above the downward gap between 5th and 6th December 2018, on daily charts which is a good thing, ideally it should close above the 10750 mark though.

Also, Nifty crossed and closed above 10710-10720 levels, a 61.8% mark of the recent fall (from 10940 - 10330) which is another healthy sign. Hereon, markets should sustain these levels and need to comfortably surpass 10810-10820 mark, which is the 78.2% retracement and becomes very crucial to to pull the prices down from there. Also, 10810 to 10870 mark is very crucial zone as daily Supertrend is near 10860 and there are multiple gap downs on daily charts, which will act as a resistance on a closing basis

In order to stop the bulls juggernaut, bears need to restrict bulls before the above mentioned hurdles

Crucial levels to watch out for -

Supports - 10620-10550-10480-10430-10300-10100-10000-9950-9700
Resistance - 10750-10820-10860-10950-11050-11170

Cheers

Hrishi

#MarketUpdate - Buy the Rumour, sell the Fact.....! ! !

Hi All,

Though there was a nail biting fight going on between Congress and BJP to form a government in Madhya Pradesh (almosgt clear that Congress will form it now), and the same will be cleared by today or in few days in case there is a hung assembly, that is not at all a case for markets today.

It is almost visible, at least for today, that the ongoing events (including unpredictable resignation of the RBI governor) were seemed to be discounted in the recent fall from 10940 to 10330, which yet again proves that "Buy the rumour, sell the fact" analogy works and is dependable to an extent.

However, let us not be hasty and jump the rope to call this as the short term trend reversal.

Today, Nifty recovered sharply from the lows near supports of 10330, and managed to close at 10550, near to the day's high of 10567, which is a sign of relief, at least temporary, to the bulls. Also, Nifty has created a Hammer like pattern on weekly charts, though not a valid one as it is not at the end of a daily down trend, but still a buying pressure candle coupled with a strong Bullish engulf pattern on Daily charts

Next few days are going to be very crucial for Nifty with 10300 - 10000 - 9700 levels being the crucial supports, whereas 10600-10700-10950-11100 are important hurdles going up.

A close above 10480 is surely encouraging for bulls at least for near term (based on RENKO Charts), however it is is a huge responsibility of bulls to sustain markets above 10480-10530 levels on a closing basis.

10480 is very crucial as per RENKO daily charts, a monthly trend line near that area and it's a 20 month SMA.... (Please find the monthly candlestick chart below)

As there is a hidden RSI divergence (an opposite of regular divergence and a an effective one) on monthly charts, I personally feel change in the midium term sentiment is possible only above 11050-11100 levels for Nifty, till then.... It's advantage Bears.....

As mentioned, let's wait for some confirmations before executing a trade, till then, advice is to trade with strict stop loss and targets with proper risk reward....

Cheers

Hrishi

#MarketUpdate - Nothing seems to be right... Look Left.... #Technicals

Update end of the day - Please refer the next post

#Market Update - Bullish Island

Hi All,

Nifty did not act as per our expectations in the last post, Ray of Hope, and broke the previous lows near 10850 levels...

Yet again on daily charts, Nifty has given a bullish indication, a set up of on 10th, 11th and 12th October 2018 is very similar to the Bullish Island pattern It's not the exact pattern formation and a look alike as there are no gaps as per the pattern definition....

As per the supports and resistances, Nifty should ideally travel to 10750 odd levels basis this, and it has already touched 10700 levels a couple of days before, however it corrected sharply from there and currently trade near 10300 mark.

Let me share, what I have been doing personally in the recent bottoms and a small bounce thereof (from 10866 to 11000 and then from 10130 to 10700)... At every dip of such kind, I look forward towards heavily beaten down bluechip / quality stocks and take a No exposure position on them with an intention of selling it whenever they give me a decent % increase, but with also predetermined stop loss below the recent lows... Likewise, I have booked small 2 to 5% or in some cases, even 15% profits in stocks like, PEL, PNB, DHFL, Bajaj Finance, HDFC AMC, Jubilant Foods, LIC Housing, Lupin, Marico, TBZ and Yes Bank. However there are some stocks which are yet to perform and I am still holding them.

Now, in the absence of any major trigger (especially with a positive outcome), its advisable for traders not to take positions with exposures for more than a few days and keep booking profits as markets are very volatile and the fluctuation is expected to increase on account of state election results in almost a month's time.

Cheers....

Hrishi

#MarketUpdate - Ray of Hope ! ! !

Hi all,

As posted in the last blog of Bears Attack, thanks to multiple negative signals, Nifty lost it all after breaking 11630 and plummeted by almost 800 points to create a bottom near 10866.

People who are short now should look at booking some profits, and in fact can even think of taking a bull mode.

Thanks to a Bullish Harami pattern on daily charts, looks like that the bottom can be in place near the recent lows of 10850, at least for short term, and after such a sharp fall in the markets, even its fair to expect a small bounce, if not a trend change. Also, the recent bottom, is exactly in a rising window (upward gap between 9&10th July) on daily charts, which supports a small bounce. (Please refer the graph below). Moreover, the candle on the day of sharp sell off, is actually a candle with bullish pressure, looking similar to a Hammer pattern

The only thing against the bull yesterday was that the market breadth, with Advance Decline ratio of 7:11, which favours the bulls

However, risky traders are advised to take a long trade, if and only if Nifty surpasses 11100 mark with stop loss below the supports of 10850 and with targets near the resistances of 11200-11350-11520-11600.

Since the stop loss is very wide (almost of 250 points), one can enter partially above 11100 and even buy on dips, if any, as per one's risk appetite.

Cheers

Hrishi

#MarketUpdate - Bears Attack ! ! !

Hi All,

Markets continued their upward journey and kept on creating all time highs for past few months. Nifty hit 11760.2 where as Sensex touched 38989.75, missing the 39k mark buy just 11 odd points.

But after such huge rally of more than 1000 points from 10500 levels, Nifty daily chart finally showing some signs of weakness.

Nifty showed a bearish engulf pattern last week, after which it again tried to create yet another high on Friday, however was not successful in breaching the 11760 mark. And today there is yet another bearish engulf candle and a sizable red candle on the daily chart, which means, clearly bears are making their presence felt. Nifty also broke 10639 mark today, there by creating a lower bottom.

So,

1. Nifty has given a Bearish Engulf set up on 28&29 August
2. Another bearish engulf pattern today
3. Broken the immediate support near 11639
4. Created a lower top lower bottom formation on daily charts

This is surely a cautious signal for bulls and any mid term longs should be held with tight trailing stops.

At the current price of 11639, the near term bias looks negative now with targets near 11590-11530-11480 and with resistance (stops) above the life time highs of 11760-10770. The short term bias only becomes bearish if Nifty sustains below 11480.

Traders are advised to take positions accordingly for preferred time frames.

Cheers

Hrishi

#MarketUpdate - Laaaaaao Bazaaar, Nifty Saade 11 Hajaaaar - New Life high

Update - 

Andhra bank... Book profit of around 6.5%,  near 34.5, initiated near 32.4
Castrol ... Book small 1% profit near 159...

Cheers

Hrishi

#MarketUpdate - Bull Hai ke maanta Nahi ! ! !

Hi All,

Laaaaaaao Bazaaaaar Nifty Sava 11 Hajaaaar

The bullish leg, which started after the bottom near 10550, continued strong and now Nifty is at a Life time high.....

The longs initiated near 10630, which were trailing with a stop below 10900, are still on, and the short position was not initiated as markets never broke the 10900 levels.

Looks like the now the next pit stop for bulls can be around 10400-10550, the target based on Symmetrical Continuation Triangle mentioned in the earlier post.

However, as the talk on the Dalal street goes, though markets are at All time high, hopes are at all time low. Though indices scaled life highs, individual stocks are far away from the highs. Even in last one year, where Nifty is up by 11%, only 5 stocks have contributed to take it up by 14%, rest 45 stocks are down by 3%, which is not a good sign at all. Also, Nifty upmove is not strongly backed by corporate numbers, and as a result Nifty is trading at high / costlier PE multiples.

However these deviations are a part of the game and surely not a reason to short for chartists. The long initiated earlier can now be held with a trail stop loss below 11150.

As usual, will advise traders to not get caught in the fight between Bulls and Bears and trade with strong chart confirmations with strict stop losses.

#MarketUpdate - Bulls might halt journey so far, it's a Shooting Star ! ! !

Hi All,

As posted in the previous post, it's better to play safe after a nice bounce of almost 5%, and accordingly Nifty rose strongly yesterday, however took resistance near the life time high area of 11069 to 11172.

Moreover, Nifty has created a Shooting Star pattern on daily charts, which is bearish in nature, hence the gap up support near 10970-11000 becomes very crucial for bears, if prices sustain below the same, or may be 10940 levels, one can expect Nifty to drift down further. In fact today, it gave all its gains in the morning trades and went in to negative territory, however took support near the gap up window of 10999. (Chart below for illustration)

Long positions created (partial holdings) near 10630 (based on Bullish separating Lines pattern on daily chart) can be no trailed with a stop loss below 10900 levels.

In a nutshell, I would reiterate what we discussed in the last post about, BULLS, BEARS and PIGS. So let's try not to be too greedy about markets, let it decide its further trend, and then participate accordingly, till then be with proper money management....

Cheers

Happy Weekend!!!

#MarketUpdate - Love Triangle ! ! !

Hi All,

A different heading for the post right?, will tell you at the end why I named it like this....

However, as posted earlier last week in Ray of Hopes for Bulls, though expected a small bounce from 10630 levels, Nifty witnessed a sharp bounce of around 3%, thanks to Bullish separating lines, Supertrend support, Hourly Hammer and daily trend line support.

On the daily charts, Nifty is showing a breakout of the Triangle mentioned few days back (similar to ascending triangle, which is Bullish), and the target for the same can be near 11350-11400, which means a Life time high for Nifty. Refer the image...

So, as per that, those who are already long near 10630, as advised earlier, can continue their positions, with a trailed stop to 10795. However a fresh long position now, would not be advisable, as I personally feel, Triangles are good,  but only as a postmortem, as lot of times one needs to adjust the lines as per the movements (even the earlier post triangle had to be adjusted now), and usually prices tend to retrace back to the lines.

So any longs now should only be on dips, provided there is a supporting bullish evidence for it.

However, Nifty closing above the prior top of 10929.2, is a bullish sign, but importantly it should sustain these levels. Next pit stop for bulls can be near the psychological mark of 11k and then the resistances can be 11060-11125 and finally 11171-11200 which is the Life time high.

On the lower side supports would be near 10910-10860-10800-10710-10600 and 10550...

Now you would wonder, as to why I name this post as Love Triangle, that's because, as they say....

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, 

which means, the in fight of bulls and bears, participants with excessive greed, usually get slaughtered..., hence advise you all to trade with strict stop loss and dont trade with a supportive confirmation, either bullish / bearish

Cheers

#MarketUpdate - Ray of hopes for Bulls ! ! !

Update - 11.35 AM 3rd July 2018...

As expected.... bulls got a small bounce of around 70-80 basis points in Nifty, conservatively one can book part profits and trail stop loss near cost....

Cheers ! ! !

#MarketUpdate - Next pit stop... 10550 ! ! !

Update, 28th June 2018 @ 1600 houes

Target of 10550, almost achieved with the low of the day at 10557.

On, hourly charts, Nifty has given a Bullish Hammer, and prices should sustain above 10620-25 to see a bounce. Will update the blog, if there is good near term buying opportunity.

Cheers

Hrishi

#MarketUpdate - Buyers peep out of a Window . . .

Hi All,

As expected in the earlier post, Shooting Star... Ready to Fall?, After drifting down below 10770, (the low of Shooting Star like bearish candle on the weekly chart), Nifty quickly drifted down to crucial 10700 levels.

Looks like Nifty took support in the range of 10670-10710 (Upward trend line support, upward gap support, 61.8% retracement of the last rally from 10550 to 10900).

Moreover, on 19th June when Nifty drifted down to 10700 levels, hourly charts showed as couple of bullish patterns (Harami & Hammer coupled with a RSI divergence) which would have given a near term long entry above 10740-10750, however with a very small upside of 10790 to 10800.

Nifty, though not after a sustained downtrend which is advised, had created a Bullish Harami Pattern and going forward, will face resistance near 10800-10840-10870-10900-10930, where as supports will continue to be near 10700-10660-10610-10550.

The bias continues to be indecisive, and traders are advised to keep strict stop losses as per the resistances and supports mentioned above for short or long positions respectively.

One sign of concern crops up on hourly charts, as if Nifty breaks the crucial supports near 10660-10700, it would then break a neckline of a probable Head and Shoulder Pattern, which might target Nifty, even below the earlier mentioned levels of 10550 in last post.
(Please see the chart below for reference)

On the higher side, bulls can only take full control above 10930-10950, and then target, may be the life time high, probability of this however might be low on account of absence of any positive trigger in domestic / global markets. 10840-50 becomes a key level for intraday to be taken out for bulls to proceed further...

Traders are advised to trade in these sideways environment with strict stop losses..

Cheers

#MarketUpdate - Shooting Star ..... Ready to Fall?

Hi All,

As expected in the previous #MarketUpdate post, Nifty, after breaking out of the triangle rallied till 10900 levels, but failed to cross the important mark of 10930-10950, which was the weekly significant top.

Markets were giving mixed signals leading to the indecisive bias, and it now continued with one more signal on daily charts, a Shooting Star Candlestick Chat pattern, which has bearish implications. So if Nifty breaks and sustains below the supports of 10760-10750, it might drift down quickly to next near term supports near 10690-10700, and breaking this level will take Nifty towards 10550 mark. Even the upward trend line for the probable Ascending Triangle would be near 10650-10670, hence that area becomes very crucial to decide the upcoming mood.

For Bulls, there is an upward gap on daily charts from  10698 to 10709, which should act as a strong support zone on closing basis, a close below that level may lead Nifty to lower levels mentioned above.

Plan of action will be short below the supports mentioned, with targets of aforesaid supports with a stoploss above 10950...

Please see the chart below for reference...

Cheers...
Hrishi

#MarketUpdate - Now - Bulls at a pit stop / Finish Line ! ! !

Hi All,

As mentioned earlier, in Nifty Harami post couple of weeks back, the bullish pattern worked for Nifty and after surpassing crucial levels of 10580-600, Nifty rallied smartly and currently trading near another selling pit stop of 10800. Bulls, who have bought near 10600 are advised to book profits of more than 2% or trail stop loss.

The cautious bias is on account of confluence of confusing factors which leads to a indecisive bias for the benchmark index going forward...

Bullish reasons -

• Simple higher top higher bottom formation after breaching 10770 levels
• A strong gap up opening today, meaning supports for intraday and near term would be near 10680-50
• A kind of symmetrical triangle breakout, which is a continuation pattern
• In spite of bearish patterns, weekly chart shows 2 strong bullish pressure candles

Bearish reasons - 

• A bearish engulf on daily charts (1st and 4th June candles), though the high is surpassed, prices have not been closed above 10770.30, so, if prices close below 10770 levels in spite of such a strong opening, it can then mean a first knock of bears
• A weekly Bearish Engulf formation with final resistance near 10930 and close above that will negate the pattern and its bearish consequences.

I personally feel (for a short term view)

1. For bulls, any sizable upside can be expected only above 10930-950 levels.  

2. For bears to take control, firstly a close below 10770 will be a welcome move followed by break of 10680 levels to close the bullish gap and finally a convincing breach of 10550-540 levels to give a lower bottom formation.

My personal bias still remains bullish (thanks to higher top higher bottom) but fresh additions to be only done above the key resistances of 10800-10930. hence those who bought Nifty based on Harami pattern, can stay long after booking small profits and trailing stop loss to cost

Cheers - 

Chart for illustrations - 

#MarketUpdate - Nifty Harami .... Wait not a Bad word....

Hi All,

Did not use any bad word for the title of the post, it is a bullish pattern which is formed on the chart..

As mentioned in the earlier post, Leee Bazaar, Nifty saade 10 Hajaar, Nifty almost reached the pit stop of 10370-10400.

However, at least looks like that markets have given a ray of hope for bulls by creating a Bullish Harami Pattern, which suggest there can be an upmove also, Nifty took support near 50% mark of the entire rally from 9950-10900.

However, I am still not fully convinced for a bounce, as Harami is not as stronger as some of the other patterns like, Hammer / Engulf, etc and more importantly, though index have bounced back by almost 100 points from today's low, the market depth was not supporting this move where declines were more than advances, which, particularly after such a bounce back, is not a good sign (usually a strong pull back in prices should be accompanied by strong advancing stocks).

Going forward, I suggest, any long position to be entered only after one more valid bullish confirmation, even on the hourly charts may be, and an upmove can be visible above 10570-1580 levels.

Areas to watch out for Nifty -

Supports - 10440-10400-10380-10320-10250-10150
Resistances - 10560-10580-10620-10680-10730-10800-10930

Cheers,

Hrishi

#MarketUpdate - Leeee Bazaar Nifty Saade 10 Hajaaaar ! ! !

Hi All,

As mentioned in the earlier post on Bears Fight Out ! ! !, the markets gave off after breaching 10780 levels and tanked near the crucial area of 10440-10500 now.

Below this area 10370-10400 would be the next Pit stop for bears as daily Shooting Star coupled with a weekly Bearish Engulf pattern suggests more pain in the markets. Even a close below 10584, the Super trend indicator changed to red on daily chart suggesting a start of a down trend as the change is also supported by price closing below the lower Bollinger band

There is no sign of respite for the bulls as of now and going long does not make any sense on account of lack of any material bullish signal.

Today's price action should be crucial and I feel a last chance for bulls to fight back. If yesterday's low and the support area mentioned earlier is not violated and Nifty gains / sustains an upward momentum, bulls can be in a position to take control, till then not at all advisable to be on the long side... An intraday level to watch out for bulls would be 10550-10580, above that Nifty might gain momentum...

Levels to watch out for short to mid term - 

Supports - 1040-10440-10380-10320-10250-10150 (based on retracements as there are no major price bottoms till 9950)

Resistances - 10620 - 10680-10730- 10800- 10930

#MarketUpdate - Bears fight out ! ! !

Hi All,

As mentioned in yesterday's post, after breaking 10780-10760, the bulls gave it off completely and Nifty fell below the 10600 levels.

Now, on daily charts, Nifty has created a Lower top, lower bottom formation which is a bearish sign, if prices sustain here then the next pit stop for bears can be near 10530-10490...

Also, at current levels,  weekly chart shows a Bearish engulf pattern, which is even severe bearish sign and breaking 10500-10450 levels can even change the mid term bias...

Traders, who went short near 10750 levels can book part profits and trail stop losses at cost....
Cheers

Hrishi

#MarketUpdate - Proved again - Buy the Rumour... Sell the Fact ! ! !

Hi All,

Sorry a post after a long time. Was caught up with something...

Markets have rallied handsomely, and have bounced back by almost 10% from the bottom of ~9950 levels.

The rally can be taken as a discounting factor for the BJP's Karnataka win, and what it means is post the results, which are out now and are better than expectations favouring BJP, it might be a time to cool off a bit.

This might happen on account of an analogy explained multiple times earlier.... Buy the Rumour Sell the Fact, where prices anticipate the outcome of an event in advance and move in the direction of the expectation, only to do reverse after the actual outcome.

Also, today's high near 10910 is the 78.6% retracement for the entire fall from 11200 to 9950, and hence the last resort for bears to strike back, at least for a short period of time. Nifty closed near 10800 levels, and the daily chart shows a Shooting Star like pattern, which is bearish in nature. (Please refer the chart below)

Traders need to wait and watch for tomorrow to take further action. Today's low becomes crucial support support and Nifty sustaining below 10780-10760 can take it further down till 10680-10600.

With the simple Dow theory tenants, a move below 10600 will create a lower bottom on daily charts triggering even a short term bearishness...

Cheers

Hrishi

Market Update - Short Nifty ! ! !

Update on 13th April 2017

Please exit Nifty

#MarketUpdate - Leeeeeeee Bazaaaaaaar ... Welcome 10 Hajaaaaar ! ! !

Hi All,

Sorry for the late update.

But as we have been discussing, Nifty broke the bulls and achieved our predicted target of 10000... However, gave a strong bounce of around 200 points from the bottom of 9950....

The bias still remains negative, with plan of action being sell on rise. any meaning full upside from hereon is only possible above 10230-10250 levels. 200 DSMA (Daily Simple Moving Average) is near 10114 and 40 WSMA (Weekly) is near 10210, a sustained close above these levels could mean a possible trend reversal.

Till then the important levels to watch out for -

Supports - 10130-10090-10040-10000-9940
Resistance - 10210-10250-10350-10450-10500

From the time Nifty created a Life time high near 11171, it has been creating a series of Lower Tops-Lower Bottoms, so 10227.30 level becomes very crucial as it is the recent top on daily charts (21st Mar 2018).

Hence, risky traders can go short with a stop loss above 10250 (based on daily price top and daily & weekly Moving Average resistance)

Cheers

Hrishi

#MarketUpdate - It's a Hat-Trick ! ! !

Hi All,

Once again markets proved, that "Price discounts everything"

On 12th March, Nifty rose by almost 200 points, thanks to global optimism and some short term bullish indicators (Hammer pattern) on daily charts and post markets hours, positive key Economic data surprised markets.

Adhering to a popular market analogy of "Buy the Rumour, Sell the Fact", Nifty gained marginally on the next day, and closed almost flat, thus giving a selling pressure candle on daily charts near the resistances mentioned in earlier post, which was followed by 3 consecutive wins by bears, today's massive fall of 165 being the most comprehensive of all.

After flirting with the critical resistance of 10460 on 13th March, for less than an hour (high of 10478), Nifty could not sustain higher levels and traded with the negative bias for last two days, around 1% lower than the recent high of 10478, today, bears comprehensively ruled the markets for almost the entire day, and hammered bulls by closing negative by more than 1.5%.

Going forward, the earlier mentioned supports near 10140-10070-10000 will be the next pit stop for bears, and hell might break loose, below the 10k mark as the next targets can be as scary as 9800-9600-9300....

On the higher side, a short term respite for bulls only and only if the recent high of 10478 is surpassed and sustained...

Cheers !!!

Have a great weekend....

#MarketUpdate - SHORT Term gain, MID term Pain...

Update @ 5.45 PM :

Both the key economic data, IIP and Inflation, surprised positively...

Guess today's rally was discontinued this....

Let's see if we get a repeat of Buy the Rumour ... Sell the Fact tomorrow....

Cheers....

#MarketUpdate - Unbearable Bears

Hi All,

As expected, Nifty saw a positive start and traded strongly for first half... However could not cross the resistance mentioned yesterday of 10300 and bears took control and pulled Nifty to negative territory after creating high of 10296

On the Provisional activity front, though FII are neg buyers with Rs 550 cr , importantly, DIIs turned out to be marginally negative with 65 cr.

Also, market breadth was also favouring bears with 1100 declines against 689 advances...

The short term bias continues to be gloomy if resistances are not crosses and mid term bias is negative too with 10650-10750 being the reversal..

So bottom line.... If Nifty fails to cross the hurdles, bears are ready to take the markets for a southward journey...  And being a CHAMELEON is the only advice for traders...

Trade safe... With strict stop loss and money management...

Cheers

Have a great weekend...

#MarketUpdate - Bulls > Bears, BUT . . . .

Hi All,

As per the observation (on FII and DII net flows) posted late evening yesterday, Nifty started trading day on a positive note by rising more than half a percentage, however gave off almost all gains and even traded negative for a while, but only to recover smartly and rising further by more than  100 points in the second half.

On daily charts, Nifty created a Hammer like pattern which is surely a great positive sign for bulls, moreover this candle appears near prior moving averages supports mentioned yesterday. In order to call this at least a short term trend reversal, nifty should surpass and sustain above 10270-10310 mark, upon which it can expected to rally upwards near 10450-10650 levels.

Everything was positive for Markets today, especially from the second half, except for an important fact... The Market breadth, i.e. the Advance Decline ratio was in favour of bears for almost the entire day, when markets were trading higher. At noon, the ratio was as bad as 1:1.5 in favour of bears, after the late afternoon surge, the AD ratio was still fairly on the bears side. Usually this coupled with some other observations can see negative bias for coming days.

We can expect Nifty to go up, face stiff resistances and then give away entire gains in days to come... However, tomorrow will be very crucial as we will also be getting a weekly close for markets, and a close above 10350 odd levels can then mean a Hammer on a weekly chart, and the same has to be interpreted later.

A near to short term bullish bias can only be if Nifty sustains above the resistances mentioned.

The bias for mid term continues to be bearish thanks to the Bearish Engulfing pattern of first week of February, with reversal above 10750

Cheers....

Leeeeeee Bazaaaaaaaar.... Sensex 33 Hajaaaaaaaaaar....! ! !

Interesting observation... The Provisional FII and FII figures show that DIIs were net buyers today where as FIIs were net sellers... This looks positive... As per y personal opinion... FIIs turn out to be smarter than FIIs...(Latest instance....Yesterday FII were net buyers and DIIs net seller and markets tanked by more than 100 points today, and many such instances...)

In connection with this data, and the fact that indices are trading near 200 daily and 40 weekly moving Averages.... It would be interesting to see the near term movement... The bias remain negative ... however we can witness a small pullback... However I still go with my original plan of action.... 

BE A CHAMELEON....

#MarketUpdate - Leeeee Bazaaaar... Happy Journey 10 Hazaaar ! ! !

Hi all,

After flirting with the support near 10330 yesterday, Nifty saw a small bounce till the mentioned resistance area near 10430.... However could not sustain the rise and gave off all the gains and fell more than 200 points from today's high...

In this bargain, Nifty has broken a key support zone, near the lower end of the basing (Consolidation) area of 10250-300 and closed below 10250 mark.

As mentioned earlier, sustaining below the support zone for tomorrow (means this not being a false break down, usually happens in indecisive markets) Nifty is free to fall and reach the next pit stop near 10070-10030-10000 levels.

On daily/weekly charts, following observations were seen -

• Nifty broke the sideways consolidation (10270-10650)
• It has also broken an upward trend line from the lows of December 2017
• Also broken the pennant like formation mentioned in earlier post (Read this) 
• Confirmed the hidden divergence after breaking 10270 (Read this) 
• Nifty also broke below a Head N Shoulder (HNS) like pattern on daily / weekly charts, which even suggests lower targets near 9300-9200
• Trading in proximity of 200 daily and 40 weekly moving averages (10120 & 10170)

All these observations are bearish in nature, other than the moving averages, which clearly shows that the bias for markets is bearish, if Nifty sustains below the support areas of 10250-10300 with immediate targets near 10100-10000 levels, and below that 9800-9600 and even 9300 (as per the HNS pattern) aggressively.

So in a nutshell, untill any further bullish confirmation... Happy Journey 10000....

Please find below the chart for better understanding ...

Cheers...

#MarketUpdate - Buy the Rumour.. Sell the Fact !

Hi All,

Update @ 3.30 PM - 

After taking support near 10330 mark twice, Nifty managed to bounce back a bit, but as suggested, it could not sustain 10370 levels, hence did not see any upmove...

Any upmove tomorrow, only possible above 10370-10380 levels with next resistances as probable targets... 

Meanwhile, On the lower side 10330-10270 are crucial supports

Cheers


Update @ 12.16 PM - 

Nifty took support near the first level of 10337 and hourly chart shows a hammer pattern which is bullish. If Nifty surpasses and sustains above 10370, it can go up further till 10430-450 levels.....

Cheers

#Marketupdate - Tug of War !

Hi All,

As expected, on account of some positive triggers mentioned in the earlier post last week, Nifty saw a small pull back of around 200 points but faced resistance near the daily price top near 10637 and is currently trading down by around 150 points from that mark near 10480.

Being a Chameleon   is the only option for traders going forward, as Nifty might trade in a broad range of around 400 points, i.e. from 10250-10300 on the lower side to 10640-10750 on the higher side, which clearly shows a tug of war between Bulls and Bears to continue till such time there is an either side breakout.

Yesterday's daily candle was almost a Doji candle, supporting the indecisive view for short term unless Nifty crosses any of the above mentioned levels either on up or lower side.

Below the supports near 10250, Nifty can travel to 10000-10100 mark and below that it can drift down till 9800-9600 levels, whereas, on the higher side is 10750 is surpassed convincingly, Nifty can even travel towards to the all time high near 11200.

Immediate Supports - 10450-10400-10330-10260
Immediate Supports - 10550-10640-10710-10750

Market View - Any intraday short position should be entered only and only if Nifty breaks and sustains below 10450, whereas longs can be built in if Nifty surpasses and sustains 10650 levels (however would have lower risk to reward ratio as 10750 would be immediate resistance)


Cheers!

#MarketUpdate - A Lazy Day ! ! !

Hi All,

Further to yesterday's post, due to various conflicting signals, muted global markets and FNO Expiry, markets behaved in a very lackluster manner, which shows a lot of indecision.

For past 3 days, Nifty is moving in a tight range of less than 100 points, and a breakout above the resistances or supports mentioned in the previous update (Read here) will decide the trend going forward....

On the lower side 10270-10340 are crucial supports where as on higher side 10435-10550-10650-10750 are important hurdles for bulls.

Cheers ! ! !

#MarketUpdate - Be a Chameleon ! ! !

Hi All,

Nifty is struggling to cross the resistances marked yesterday near 10435-10530. And failing to do that convincingly, it is cont expected to drift down to 10300-10250 levels and then continue the southward journey till 10100-10030-10000 levels.

However, weekly charts, show a bit of mercy to bulls,

1. Nifty has taken a support near the Supertrend near 10337, which means if Nifty manages to close above this level there can be a pull back which can be expected in near term.

2. Also, along with Supertrend, Nifty showed a hidden divergence on weekly charts, which again reiterates the positive outlook, only and only if Nifty crosses the important resistance of 10750, which was also the trailing reversal (stop loss) given for my ongoing bearish view. However this is contradicted on daily charts with bearish hidden divergence where prices not going higher in spite of RSI creating higher highs

3. The recent weekly fall from 11200, till 10300 is with relatively lesser volumes

However, I personally feel even this rise, if happens above 10750, can still be looked at as a selling opportunity with an ultimate stop loss above the life high of 10200, as we can see a strong, bearish engulfing pattern right on top.

So in a nutshell, there are lot of contradicting signals, hence #traders are expected to trade with strict stop loss and money management.

Also, Being a Chameleon, is a must in such a market scenario which is going to expect a lot of volatility for at least next one year. you can not marry your view, and have to adjust your strategy according to market swings...

To sum up the view - 

Intraday / Near term - 10340 key support, and below which 10300-10260 will be last chance for bulls,

Short term - 10260-10300 key supports, below that 10100-10030-10000 looks imminent.

Positive view near to short term is Nifty surpasses 10435-10530 levels with a target near 10750, and if 10750 is surpassed the all time highs can be touched upon, but with a bearish bias with a stop loss above 11200...

Below is the chart to summarize the weekly chart signals discussed above...

Cheers ! ! !

#MarketUpdate - #Nifty behaved .... as expected

Hi All,

As expected in the morning, Bulls tried to keep markets in positive territory for most of the day, however, could not make it sustain above the resistances mentioned earlier (10435-10530). Nifty could not even touch 10435 mark.

Today was more of an indecisive day where the total movement in Nifty was not even 100 points ( around 80 points), however it is red candle with selling pressure.

The supports and resistances are in tact and the bias remains the same...

Cheers

Hrishi

#MarketUpdate - #Bulls dying to show off strength.... Looks difficult though...

Hi All,

Those who are short at higher levels near 10600 can book profits currently as advised earlier (or can at least trail stoploss).

Nifty has fallen till 10300 and taken support near  the recent bottom of 10270 and bounced back around 100 points.

On hourly charts it is showing a bullish candle and a small pull back on the upside can not be ruled out.... If the markets are to continue the downtrend going forward, bears have to restrict bears below 10435 to 10530 levels. Above 10500 Bulls might take full control hence short positions are advised with a partial profit booking or trailing stop losses..

Risky traders can still sell on rise with stop losses above the aforesaid resistances.

Cheers

Hrishi

#KnowledgeSeries - Does Technical Analysis work ? Learn it the #PNB way

Hi All,

I am sure that all of you might be aware about what happened with Punjab National Bank. Flamboyant diamond and jewellery merchant Nirav Modi, with the help of some corrupt bank officials, used fake LoUs to defraud the bank to the quantum of close to Rs.11,400 crores. Enough of the story is available on the internet, and I am sure you would be aware about it thanks to the media, the social media and What's App forwards.

This post is meant for something else though...

All those familiar with Technicals know that "PRICE Discounts Everything", i.e. everything is visible on price it self, and that to, many times well in advance.

And this so called PNB scam confirms this tenant once again. Those aware about some basic Technical Analysis methods, would have been able to predict, if not a scam per say, but a steep price fall, at least till 130 levels. 

Got this information on What's App, rechecked at my end, below is an image showing how charts have already hinted a fall in the prices before the news actually came out. 

The chart was very clear about something is cooking for short term and as a result of that a fall from 200 to at least 130 levels could have been expected in January, well in advance before the actual even of fraud was made public.... 

• Prices were rising from November, with thinner volumes
• Also, price rise was not accompanied by rise in OI, which suggest fresh long positions were not getting built up
• On 24 and 25 January, Nifty, on daily charts gave a Bearish Engulfing Pattern, which is a strong bearish reversal candlestick formation

I very well know that this is kind of post mortem, but the point I want to make here is that there are ways by which you can analyze a stock price, only thing is you should know how....

I am sure, you all are getting regular market updates, and fortunately Nifty is behaving in the same manner as per our Technical Analysis / chart discussion, hope you all able to en-cash this down move which started after Nifty broke crucial levels of 10900-800 ...

Before we end the week, here is my personal view on PNB . . .

The stock has been hammered from 200 levels to almost 120 levels, which is a massive fall of 35 to 40%. The next support area for PNB is near 110 (daily bottom) and 100 levels (78.6% retracement). 

After such a huge fall and given the fact that daily chart today ended up giving a Doji candle, which shows indecisiveness, if and only if prices cross and sustain above 129-131 levels, a small pull back can be expected with higher targets near  139-142, however post that it is expected to come down and if breaks 120 then, can fall down to 110 or 100.

So, risky traders out there can take positions according to the aforesaid levels...

For investors, I may not be the best person to comment on the fundamentals, just thought of sharing a news I heard that LIC issues a statement that they still believe in the company and not going to sell their current holdings at a loss. Also, being a government undertaking, it is unlikely that this scam will replicate the results which happened in the case of Satyam Computers or Bhushan Steel earliar... 

If you are convinced woth the fundamentals, I feel good time to accumulate 25% of your total investment kept aside for this stock and then enter later, if it comes down 

Cheers ! ! !

Hrishi

Market Update - #Nifty....Bears strike back.. Book profits

Hi All,

As expected, Nifty could not sustain higher levels above 10600 and gave off the gains and currently trading negative by almost 100 points or 1 % from yesterday.

People who are on the short side from 10600+ levels with stop loss above 10750, can book part profits currently near 10450, and trail stop loss at cost.

On daily charts, Nifty has broken below the bearish pennant pattern showed in earlier post, and is now expected to go down, with a simple rule of lower tops lower bottoms, the first target expected for the down trend will be near recent low of 10250-70, after that one can expect pennant targets to materialize near 9800-9600....

Cheers!

Market Update - #Nifty Bearish Pennant/Hidden Divergence.. Sell on rise

Hi All,

As posted earlier, Nifty faces a strong resistance near 10600-10710 levels and every rise in markets should be taken as a selling opportunity with a stop loss above these resistances.

Looks like Nifty is forming a bearish pennant like pattern (which is a Bearish continuation pattern) on daily charts and breaking 10500-10390 levels Nifty can further slip to 10260 levels and below which the doors are open for 10k levels on Nifty. Breaking of 10k levels will cause serious troubles for Bulls and Nifty can then move down to 9800-9600-9400 levels...

Nifty also showed a hidden bearish divergence on Daily charts (which is kind of opposite of the regular divergences we talk about) where in Nifty failed to higher than 10637, in spite of RSI is creating a higher high. This supports the bearish sentiment and levels of 10400-10270-50 will be important support zones.

A reversal for this bearish view is 10750 for Nifty....

Cheers

#KnowledgeSeries - Watch - Your Way to Financial Success ! ! !

Hi All,

Just thought of sharing a video, recorded by me couple of years back.

Check it out, to explore avenues for building wealth from Stock Markets....


An hour long video covers a detailed discussion on -

• Financial Success with Capital Markets
• Two prime ways for building wealth
• A popular, misleading myth, busted
• Secret to success.

Cheers...

Happy Weekend....

Market update - BANG ON ! ! !

Hi All,

As posted earlier, Nifty failed to cross 10620-10750 levels (38.2 and 50% retracement of the recent fall), and is currently down by more than 1.5% near 10400. Unfortunately though, due to the gap down opening many would not have been short on the higher side.

After a steep fall, Nifty might see an intraday bounce on the up side however, it may not be safe to trade it. For intraday supports will be near 10370-10340-10310-10270, however it is not advisable to go long currently without any material bullish evidence. Intraday resistance will be near 10480-10500-10530 levels...

Going forward, for short term 10270 will now be very crucial and breaking that Nifty might slip to 10000-10100 levels which is a psychological support zone... Below that the gates for 9800-9600 are opened for Nifty.

So, the Indian Stock SALE got cheaper as promised earlier, and it might even get more . . .  Long term investors are advised to accumulate quality stocks / MF / ETFs (Please Read - Wealth Creation with Stocks - Possible?) worth 25-30% of their investable corpus... so that remaining money can be pumped in when markets go down further.

Cheers  ! ! !

Market update - Stock SALE might get a bigger discount ! ! !

Hi All,

I am sure, by now, you all would have received Whats App messages regarding, Great Indian Stock clearing Sale with 20 to 30% off on Selected stocks. 

Let me tell you that, it might offer a bigger discount...

As a trader, it's all about game of probabilities, let us explore them briefly....

As mentioned yesterday, Nifty could not surpass 10600 levels and gave off entire gains of the opening trade.

After the status quo of RBI, Nifty showed marginal volatility, and went negative by 50 points, and settled the day near 10480...
After making a new high near 11180 levels, Nifty fell almost by 900 points to create a low @ 78.6% of the rise near 10276. After that from second half of yesterday and today, it rallied up to 10620 levels which is 38.2% of the recent 900 fall.

I personally feel, if Nifty fail to cross 10620-10750  levels (which is 38.2% and 50% retracement levels of the recent fall), it is headed southwards to create a new low with targets near 10000-9800-9600. A strong move above 10900/11000 might negate this possibility, but I guess the probability is lower.

Supports on the lower side 10430-10390-10330-10270-10200-10000, resistances will be near 10530-10620-10730-10850-10900-11000-11200.

In a nutshell, the bias remains cautious with taste of bearishness for short term, with above levels in mind, one can take a trade with strict stop losses accordingly. However, One observation is, market breadth of 13:4 was in favour of bulls...

If I get a chance, will post a tradable scenario....

Cheers

Hrishi

Wealth creation with stocks... Possible???

Hi All,

This might be a question troubling all of us, all the time and especially today.... 

Let us try and find out the answer....

First of all, though profits can be made in short term with buy buying lower and selling higher, the WEALTH creation definitely happens buy buying and holding on to something for a real long term, like more than 5 to 10 years. 

So, if you want to be a 

Short term Trader - who books profits by buying lower and selling higher, please pull up yourself, as for these quick money techniques you need first of all have the inclination towards this and need to put in lot of efforts and devote some time, if not done it yet.... 

Long Term Investor - Who want to be invested in markets for years to reap its benefits with some simple investing rules.. 

So, What should I do as a successful Long term investor - -   

The answer for that can be really tricky, but to keep it as simple, please find below the information to the best of my knowledge...

People with existing investment portfolio - 

• Should of course continue to hold it. 
• As markets have gave up almost 10% from the peak of 11200, its a good time to accumulate quality stocks.
• If you are a seasoned investors for more than 5 to 10 years, then who am I to tell you... you all know it better... :)
• However, if you started investing in past 2-3 years, this might be the biggest fall you would have seen till date, and a loss of 2 to 20% of your investments portfolio is normal, depending on the quality stocks you hold.
• Markets have seen much bigger single day losses than today, and those who STAYED INVESTED then are ripping the benefits of patience.
• The fall may not be over, as markets may correct another 5 to 10% based on other analytical permutations and combinations, in order to withstand such kind of sell offs, you can  
• Select quality stocks rather than accumulating higher quantities of small priced shares
• Take an informed decision, if you cant take help of advisors, research analysts, broker, etc
• Diversify your investments across asset classes, i.e. stocks, debt (FD/RD/PF, etc.), gold (in electronic form by buying ETFs like Gold bees, etc which is almost up by 1%)
• Stock portion should be further diversified in to various sectors with large cap (less risky), mid cap (moderate risk) and small cap (higher risk) companies. 
• If your lesser capital does not allow you to diversify, buy ETFs (Exchange Traded Mutual funds) which track major indices, like NiftyBees (1/10 of Nifty value, will go up when Nifty goes up, and so on for indices specified), Junior Bees, M100, etc
• If your capital is really less, better to go with Mutual Funds investments.
• And last but not the least by all means . . .  Sip your investments... Rather than putting a lump sum amount once in a blue moon, be disciplined and invest an equal amount at regular intervals, usually a month for optimum benefits of rupee cost averaging (buying more shares when price is down and lesser shares when price is up, so that the cost of purchase is much lesser) and Power of Compounding.

People who want to start investing - 

• Please read this , if you have been scared by the news and social media today . . .
• It's better late than never.... Markets have experienced much more shocks, many times bigger than this, and still managed to give 15% + returns consistently.
• Start it now....
• Keep in mind the points mentioned above....

Hope this might help many of us to at least have a basic understanding of investing...

Cheers.....

Market update - Yeh Bull hai ke Maanta nahin.... ! ! !

Hi All...

Thanks to the global meltdown on account of interest rate spike in US and inflation concerns, global stock markets including Dalal Street saw a massive sell off...

However, after the initial panic in the morning, markets recovered more than half of the loss.

As discussed, after taking support exactly at the 78.6% retracement of 10276, Nifty traded cautiously for first half of the day and then rallied further to recover almost half of the opening losses.

Though it closed negative by 168 points, the daily chart shows a strong bullish candle, which is not the case in Sensex however. Also, drilling down on hourly charts, Nifty ended the intraday rally with a Shooting start like candle, hence 10470-450 levels become vary crucial supports for tomorrow.

Also, on daily charts after gaping down by almost 300 points, Nifty recovered and close the gap before closing the day, hence there is no gap down / bearish window on Daily charts...

Going forward....

Might be too early / risky to take a bullish stance immediately, and I would like to wait and watch for another bullish evidence on charts, however one thing is imminent that bull have to surpass and sustain 10600 for any upside and bears have to break 10270-250 for further downside.

As posted earlier, 10000 remains a key psychological support, below which Nifty can drift down till 9700-9650 levels.

In a nut shell,

• Short traders might have already booked profits when the trade was initiated near 10800 levels, and should ideally wait for a favourable risk reward opportunity,

• Long traders should ideally wait and watch for something more concrete to happen...

Cheers

 

Hrishi.....

DON'T Invest in equity markets ever . . . . IF ! ! !

Hi All,

IF you can't / dont want to / chose not to,  understand it, select any other asset classes which can match it....

One of the famous rules for investing by Warren Buffet is, Dont invest in something you dont understand.... So follow that rule for equities as well...

As expected, after an anticipated sell off in markets..... posts started floating for calling it an end of equities, busting of equity market bubble, so on and so forth.

This post is for all those who are calling it this way, please be aware ....

• In a single year of 2008, markets have fallen by whopping 61% (in that case, current fall is just 10%)
• #Sensex fell from 21000 to 8000 and Nifty fell from 6300 to 2250 in less than 10 months
• The same indices, are now trading at (in spite of the recent so called Bloodbath or Carnage) near 10400 (Nifty) and 33700 (Sensex)
• Which is an absolute return of around 60%
• Moreover, those who BELIEVED in and invested when the markets went lower by 60%, the absolute returns on an average are more than 100% in less than 9 years
• This translates in to a per annum growth rate of 18% (against < 10% in all orthodox asset classes like LIC, FDs, PPF, etc)

So simple advise to those who are creating this due to sheers lack of knowledge / awareness, please feel free to select any other asset which you understand and which can beat inflation consistently and avoid Equity markets....

And coming to traders... 

The informed ones are already short and booking profits now...

Cheers

Hrishikesh