Share Market Tips 28th April 2016

Share Market Tips 28th April 2016

[09:15, 27/4/2016] +91 90040 79145: Gm
[09:15, 27/4/2016] +91 90040 79145: Positional Trade Update  Nifty May 7500 Call Hold 1 Part Short, Nifty May 7600 Call Hold 2 Parts Shorts & Nifty May Fut Hold 1 Part Short Till Next Update
[10:07, 27/4/2016] +91 90040 79145: Hold position as told
[10:55, 27/4/2016] +91 90040 79145: Reiterate Nifty is more or less at the top area. Please keep in mind that the risk reward ratio is in favor of selling and not buying at all. Overall we see significant down sides from here and we do not expect Nifty to move much higher from here.  Multiple factors showing significant topping signals and from here we can see sharp downsides. Reiterate traders and investors must not be long in portfolio as we will see significantly lower prices in most of the stocks (exception of sugar stocks) sugar will continue to do very well and we do not see any significant downsides for sugar stocks in fact all our recommended stocks including Ugar sugar will do very well in the coming time.
[10:59, 27/4/2016] +91 90040 79145: At lower sides of 7000 was the area to buy and if you recall we had a target of 7800-8000 area on the higher side. Now those higher side targets have been done and trailing PE for Nifty stocks is currently at 21.60 which in simple words means that at 8300-8400 Nifty in terms of valuations will be at the same price as that of Dec 2007 or March 2015 or more or less any major top that we have seen in Indian Stock Markets history. Please understand that I am not suggesting that Nifty will go to 8300-7
[10:59, 27/4/2016] +91 90040 79145: 8400 all I am saying is that a valuation stand point is being explained.
[11:02, 27/4/2016] +91 90040 79145: In addition to the overall valuation parameters there are numerous technical indicators too that are showing clear red flags some of which we have already mentioned. Like the VIX it is showing everything is ok. The Gann rule for major retracement area of 50 percent is another important factor. IN addition to that the simple point that previous bottoms become tops is also very clear. Nifty on its way down had held  7900-8100 area multiple times and now on the way up that area will act as a massive supply point
[11:03, 27/4/2016] +91 90040 79145: The game is now to keep a cool head and just hold on to positions as if minor variations do take place then we must actually ignore them and just ride the down wave.
[11:04, 27/4/2016] +91 90040 79145: keep a cool mind and hold on to the positions. Trading is more about EQ not only knowledge  or patience or having the nerve to trade.
[11:39, 27/4/2016] +91 90040 79145: emotional quotient=EQ
[13:38, 27/4/2016] +91 90040 79145: Hold position as told
[13:38, 27/4/2016] +91 90040 79145: If any stbt trade I will update
[14:55, 27/4/2016] +91 90040 79145: if any stbt trade will update
[14:55, 27/4/2016] +91 90040 79145: wait for msg for stbt trade
[14:55, 27/4/2016] +91 90040 79145: be patient and relax and wait on sidelines
[14:56, 27/4/2016] +91 90040 79145: if anything has to be done will update
[14:57, 27/4/2016] +91 90040 79145: Nifty Chart / Nifty Share Price is showing clear top out signals. Minor Variations are possible but overall more or less this is the top and we see Nifty Futures falling from here anytime. Does not make any sense to be in buying. All these prices are to sell not to buy
[14:58, 27/4/2016] +91 90040 79145: W R T Fed whatever they say we do not see any upside impact just keep in mind that minor variations are possible and Nifty will not sustain on higher side and collapse from upper side
[15:00, 27/4/2016] +91 90040 79145: Bank Nifty can be short sold now as this is a top for Banks also
[15:01, 27/4/2016] +91 90040 79145: this is only for those people who jabardasti have been asking me for bank Nifty levels every day
[15:01, 27/4/2016] +91 90040 79145: rem people please wait for msg and just trade in Nifty
[15:01, 27/4/2016] +91 90040 79145: Those who have 10 L plus in your ac they only must trade in Bank Nifty
[15:03, 27/4/2016] +91 90040 79145: I am saying this because in making a position for Bank Nifty it should not happen that you have a short fall for Nifty margin