Bank Nifty@ The Indicator right now

In my last article dated 22nd Nov 2016 we discussed something on Bank Nifty @@@


Well Bank Nifty is the only index which is still strong & 1000 points above the Laxman Rekha which is right now placed close to 17400/17365+- where it is currently trading around 18400.


A Possibility@ Bank Nifty has the room to fall another 1000 points close to its Laxman support rekha and where other indices like Nifty & Sensex could also bottom out along with Bank Nifty and we see a big bounce there after.


Let see if the above possibility works out.

http://moneymystery.blogspot.in/2016/11/we-have-best-pm-with-uswhy-to-worry.html

Since then Bank Nifty has corrected close to 600 points & right now the Laxman Rekha support is close to 17440+-

Currently Bank Nifty at 17828 when am writing this :)

So we may expect correction close to 17550/17440 maxx before a big bounce resume again. In short i feel we are very close to a bottom. 

Wish this possibility works out as expected.

Kind Regards,

Manish Bothra

We have the best PM with us...Why to Worry????

Levels keep on changing little with time. In my last article dated 29th Sep I talked about 8226+- as the key level which was keeping the market uptrend going at that time. The level got changed to 8320+- which I have been mentioning in my twitter handle @moneymystery where I have been more active in the recent time and once the Nifty closed below 8320 the caution message was posted along with a expected probable correction of 8-10% from 8320 where we saw Nifty corrected by over 400 points in just 5 trading session below the 8320 level.

Now what???

Panic period is the period where you get a chance to add up quality stocks....don't get panic however use the panic period in market for own development.

Even in last Feb month there were many biggies who were left out as they were expecting the market to dip more n more which did not happened.  

When we have the best PM with us why to worry???  The entire world would bet on the best.

People will start recognizing the value of every rupee spent which many forget.


Well Bank Nifty is the only index which is still strong & 1000 points above the Laxman Rekha which is right now placed close to 17400/17365+- where it is currently trading around 18400.


A Possibility@ Bank Nifty has the room to fall another 1000 points close to its Laxman support rekha and where other indices like Nifty & Sensex could also bottom out along with Bank Nifty and we see a big bounce there after.


Let see if the above possibility works out.

Nifty@ Is it all Over????

In my article dated 20th March 2016 we talked about a possible upside of 10-15% above 7780 which happened were it made a high of 8968 on 7th Sep 2016....perfect 15%

Article dated 20th March 2016, Titled@ Will Mr.Raghuram Rajan make use of his Brahmasthra on Time?
http://moneymystery.blogspot.in/2016/03/will-mrraghuram-rajan-make-use-of-his.html

Is this rally in Nifty over????

Nothing much to comment here....The current uptrend remains intact till it holds 8226+-

As long it trades above 8226+- am very much okey.....bigger weakness seen only below 8200 for the time being. Do note that level gets change a little along with time. So right now the Laxman Rekha is 8226+-

Regards,

Manish Bothra,

@MoneyMystery on twitter.

Market Turbulence....Don't Worry....There's Money Mystery :)

Dear Friends,

Over the past many years when ever there has been high turbulence fearful time in the market we have loved to handle the crisis & came up with our thought on markets with key index levels which always matters me the most & tried to cool off the fear....after all level matters & this time too we did it. Looking n searching for bottom is very interesting & we were bang on again.

I don't believe in posting all the time, there're times when you feel like sharing thoughts at one go & you start writing. I have my own way of reading charts & analyzing market. Complicated charts never excites me. Even peoples behavior at those turbulence time says up many things.

Posted just 3-4 key article since Sep 2015....hope you read it. Am posting the link again one by one so that you can analyse how it went.

Article No.1, Dated 4th September 2015, Titled@ Darrna Mana Hai Abhi.
http://moneymystery.blogspot.in/2015/09/darrna-mana-hai-abhi.html



Article No.2, Dated 26th February 2016 just before Union Budget on 29th Feb 2016, Titled@ Time to Get Set Ready :)
http://moneymystery.blogspot.in/2016/02/time-to-get-set-ready.html



Article No.3, Dated 1st March 2016, Titled@ In reference to Darrna Mana Hai Abhi / Get Set Ready
http://moneymystery.blogspot.in/2016/03/cont-darrna-mana-hai-abhi-get-set-ready.html



Article No.4, Dated 20th March 2016, Titled@ Will Mr.Raghuram Rajan make use of his Brahmasthra on Time?
http://moneymystery.blogspot.in/2016/03/will-mrraghuram-rajan-make-use-of-his.html


From the recent bottom Nifty is up around 1800 points.
Sensex is up around 5600 Points.
Bank Nifty is up around 5700 points.
All within last 5 month.




Thanks for your valuable time.

Kind Regards,

Manish Bothra

on Twitter @MoneyMystery
on Facebook as Money Mystery

Gold Rush!!!!

Gold up $265/oz since then. Currently at $1312/0z from recent bottom $1046/oz made in december 2015.

We found the bottom & bounce back level long back in 2013.

Have a look at this msg link dated 25th June 2013@

http://moneymystery.blogspot.in/2013/06/goldwhere-its-heading-1020980oz.html

Nifty Pharma Index @ Close to Key Support

Though the street is very much bearish on Pharma....I feel as long 10178+- is hold on Nifty Pharma index there's all possibilities of a revival.

Only below 10178 it gets very much weak & worst & vice versa.....its the key level.

Levels are on closing basis.

Will Mr.Raghuram Rajan make use of his Brahmasthra on Time?

7459-7583 was a congestion area in Nifty & it took 11 trading session to cross & close above it. Its good that it has spent good time in this range before closing higher. On any downside it provide good support.

If anyone following my twitter account @MoneyMystery then one can find the same mention on various occasion.

We have discussed about the same range in our previous article too dated 4th September 2015 (Darrna Mana Hai Abhi) & if someone noticed carefully it took support on 2 occasion around the mentioned range & bounced off nicely post 4th Sep 2015. It was clearly mentioned that it will get tough fight from 7583-7568 & 7511-7459 before any break down.



Nifty closed at 7604...a good weekly closing indeed. 

We are very closed to a very important level which is around 7780 right now  (Level may little change with time).

If it can give weekly closing above 7780 then we can witness solid bounce in Nifty to the tune of 10-15% in the time to come provided the level is hold. Its a very key level above which the scenario can change dramatically on the positive side..

This is not an easy level to cross. We are very much near to it however still far from it. What can take it above is the key question & right now the Brahmasthra seems to be with Mr.Rajan which is the Rate cut. Timing matters here & the right time for rate cuts will be close to that level where it will certainly take it above the key level & I expect the same to happen.

The current upside in Nifty from 6825 to 7600+ shouldn't be underestimated as it is backed by solid FII's participation. 

Gold hits $1046/oz on 3rd Dec 2015 & Bounced Sharply as expected

It almost took 2 & a half year for Gold to arrive close to the mentioned level of $1020/980/oz which we anticipated on 25th June 2013 in my article @

Gold...Where its heading??? $1020/$980/oz???

In my assumption Gold is going to see downside level of upto $1020/$980/oz before it turnaround, currently around $1280/oz. This's my view as of now.

Link to the article@ http://moneymystery.blogspot.in/2013/06/goldwhere-its-heading-1020980oz.html

In reference to Darrna Mana Hai Abhi / Get Set Ready

In continue with the extreme downside level given in the article Darrna Mana Hai Abhi dated 4th Sep 2015, this is what happened so far:


For Nifty it was 6782/6694+-.....where on 29th Feb Nifty touched intraday low of 6825.8


For Sensex it was 22688/22403...where on 29th Feb Sensex touched intraday low of 22494.61


For Bank Nifty it was 13317+- where on 29th Feb Bank Nifty so far touched intraday low of 13407.25

So far in line with expectations.

Waiting for the FIIs inflow now :)

Time to Get Set Ready :)

Its almost close to 6th month I wrote my last article Darrna Mana Hai Abhi dated 4th September 2015. 

It was told that Darrna mana hai abhi...infact by now sabko darra bhi diya and hila bhi diya. 

This fear was much more advanced in compare to 2008 as the world is connected to advanced tech of whatsapp...twitter....bbm....and other social medias of the world. Any message or info whether good or bad is transmitted amongst a group in a matter of seconds and it plays the designated role.

Talked about creating & using panic fund and mentioned some extreme key levels from my side on Nifty, The Sensex & The Bank Nifty which i least expected however we are there.

The last para of the article reads@ So this is what can happen max to max in my believe. So do not Panic & Fear and do not let it spread.
Spread Confidence.

Now when we are here everyone must be hearing and talking about various different levels on the downside which i don't want to discuss however am confident of a mega bull run to start sometime soon which will go a long way.

Let me talk about the extreme level we talked about and what happened@

For Nifty it was 6782/6694+-.....where on 12th Feb Nifty touched intraday low of 6869.

For Sensex it was 22688/22403...where on 12th Feb Sensex touched intraday low of 22600

For Bank Nifty it was 13317+- where on 25th Feb Bank Nifty so far touched intraday low of 13519.9

Panic fund was supposed to be used here.....some might have used.....some might be out of cash....Some might be in fear and panic to use.....and some might be waiting for big further downside to add.

Start Adding.

Bank reflects the overall health of the economy and a lot has happened over the past 1 yr....a lot of dirt has been flushed off.  For me the the level of 13317/13269+- is very very important level for the Bank Nifty and am expecting a very big bounce close to it which has the capacity to take the entire market higher.

Wish the given level maintains.

Given levels are on closing basis.

I don't know if this will be the bottom however am confident that we are not far from that.

Good days will be back again.

Will definitely get further boost if INR spot strengths which am expecting it to take a U turn from close to 69.2+- Vs the USD  where 67.4 to 69.2+- is a range and anytime closing below 67.4 will make it further strong.

Need to see FII's positive inflow which is the most important of all.

You all are Strong.....You all fought with Fear & Panic.....You are bound to succeed.

Link of my last article @ http://moneymystery.blogspot.in/2015/09/darrna-mana-hai-abhi.html

Note: Above are my personal assumption and observation. Things may or may not work.

Ref @ Darrna Mana Hai Abhi :)

So far glad to see Nifty and Sensex giving weekly closing above 7229/7230 and 24217 respectively. 

As of now Nifty bounced from intraday low of 7241.5 on 20th Jan 2016.

For more reference read my previous article dated Sep 4th 2015

Darna Mana Hai Abhi...FIIs ab to aa jao (Ghar Waapsi)

In reference to my last article dated 4th Sep 2015 with Caption Darrna Mana Hai Abhi we are just close to my worst case bottom level of 7229/7230 for Nifty.

I strongly feel that Market is likely to rebound from these level. One more important thing to notice is the Sensex which is also close to the critical level of 24217. So what comes first...Nifty 7229/7230 or Sensex 24217 for a big reversal.

Why i think it to be a reversal point?
Because Nifty below 7229/7230+- gets much much weaker where on the downside it finds support around 6782/6694 which is big 450-540 points down under....Similarly for Sensex below 24217 it finds support around 22688/22403 which is good 1500-1800 points down under. 

So before getting that ugly market will give a chance to itself to get better.

Nifty PE has also come down to 20.12 as of today so hope for the best now :)

Its just an personal assumption.
Levels are on closing basis.