Friday, September 18, 2009

THE FINAL CALL®™ - Sept 18, 2009

Will the juggernaut halt and take a breather or will it rumble forward?  Anybody's guess.  (If you were an alert reader, you might have noticed that I used the words just "halt" and "breather" and "forward.")  Have I missed the word that suggests the opposite of all that is said above?  :)

A lot of wave counts are being touted that suggests anything but clarity on what the Nifty might do today or few days from now.  Polls are being conducted over different forums which are not at all clear.

Short positions have upped since the Nifty touched 5K yesterday and of course some longs have squared up.
In the juggernaut's daily menu, Reliance Industries could be the dark horse today and if this is so then the Nifty will make smart decider moves today, particularly, at the close.  If not, expect it to be tossed from here to there to end up where it was.

There is a tweet about consumer refinancing company Aiful applying for debt relief procedures in Japan.  On the back of this news, Asia has opened up a bit weak today while even the Dow Futures suggests a weak opening as of now.  Europe will be somewhere in between both.

We are long on the Nifty at 4467 since yesterday at close.  Updates will be posted today.
We do not hold any Equity Futures as of now.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 9:14 AM


Markets are again in a consolidation phase before the next breakout.  No positions advised on Equity Futures as of now.  Updates if any will be posted.
Continue holding longs in Nifty Futures.  Updates before market close.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 12:14 PM

Close longs in Nifty Futures initiated yesterday at marginal profit.
Go short on Nifty Futures.  Updates tomorrow.
No positions on any Equity Futures.
POSTED BY SOMETIMESBULLSOMETIMESBEAR AT 3:20 PM


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