Friday, 29 December 2017

MARKET TREND 1/1/18

Nifty Futures closed by making ATH on the last trading day of the year.  It was very much in line with investors' expectations. 

Bank Nifty also  managed to close above 25575 which has been the first resistance, thereby paving way for a further move above 25623/775.

First few trading sessions in 2018 could be in favor of bulls, but one has to be cautious when Nifty futures trades around 10579 from where there could be a reversal. Close below 10530 indicates down trend towards 10368.

A firm close above 10628 in nifty confirms further up move. Similarly on BNF a daily close above 25795 confirms move towards 26000. If BNF closes below 25500, it will drift down below 25000.

Advance New year wishes to every one!











Thursday, 28 December 2017

NIFTY TREND 29/12/17

Today Nifty futures closed below 10500 and near day's low. The close signifies indecisiveness of index.

The major component of Nifty,, Bank Nifty is also not well aligned with nifty and it is in the opposite direction. We have been seeing BNF not able to cross the critical level  25775. But now it has closed below 25500. This is an indication of some more correction in the offing.

Stay away from being long.

One can short Nifty below 10476, with SL 10530 for target of 10360/322 next week. Bank Nifty future can be short at current level with  SL at 25575, for immediate target 25370.

Please ensure SL while shorting index futures.

Happy Trading!!







Wednesday, 27 December 2017

EXPIRY DAY 28/12/17

The last expiry of 2017 is eagerly awaited. But it all looks like the expiry move has already been over yesterday with nifty futures drifting down from 10566 level.

That was the first target of Dec 2017 and the second target is 10634.  The second target is possible only if NF holds above 10567. We have two more sessions and let us see whether index is going to keep the hopes alive.

Today expiry is likely to be around 10470-520 as OI build up in 10500 suggests a close below 10500.  Bank Nifty futures negated the up move above 26000 and has clearly indicated a close between 25450-25650.

Tips for Options trade. Focus on 25500 CE  and buy when BNF trades below 25400. This could give multiple returns. Also focus on 25400 PE and buy when BNF trades above 25550. Exit when it doubles.

If BNF trades above 25575, DO NOT SHORT. Similarly NF if it trades above 10530( previous high) do not short. Nifty futures is short only if it goes below 10476.

Nifty Options tips: Buy 10500 CE @ 12.25 with SL 5.00  for target 28/36. Buy 10500 PE @ 8.65 SL 2.00 for target 39/45/50/68.

Happy Trading!

Market trend 28/12/17

Today the index move was a typical expiry move. All OTM CEs have lost the premium.
A close in a range of 10460-530 is expected.

Bnf likely to close around 25575.

Trade with caution as up moves are much restricted in index. 

Tuesday, 26 December 2017

2017- MOST CHERISHED YEAR

There is no doubt that year 2017 will be remembered by all investors globally for a mammoth rally.

Index moved up by 30-40% around the world is a great news to celebrate.

We hope we will continue to progress in 2018 also. 

MARKET TREND 27/12/17

Nifty futures closed at 10530.50 slightly above ATH. The settlement price was around 10525. It does not matter much as the indication we got from index is positive and this expiry is going to be near ATH. 

Bank Nifty futures reacted in the last minute and closed around 25695. A close above 25725-40  indicates making a new high.

Do not expect index to get corrected at least for the next few trading sessions as bulls are going to be busy  in taking the market and scrips to new high till 5th of January 2018.

As already advised take 10600/700 CE of January and be long in the market.  

Happy Trading!



Sunday, 24 December 2017

DON'T MISS THE RALLY!

Focus on Nifty CEs. Try to buy 10700 CE Jan-18 around 50/- if nifty comes down. Or else buy at CMP with SL 46.05 for target 89/102.

In my opinion Nifty futures coming down below 10500 is very unlikely in this expiry. The rally  is likely to continue till I week of January 2018.  

Position yourself with Jan CEs, trail with SL order to protect profits above 75/-.  Do not miss this rally.

Happy Trading!

When I fall asleep on the bus and miss my stop




Friday, 22 December 2017

MARKET TREND 26/12/17

Nifty futures today closed above  10504.50 confirming the up move during next week. Look for a target 10628. 

Bank nifty futures is yet to confirm up trend. A close above 25740 indicates move  towards 26225.

The index is all set to end the year with a happy note. We believe so and believe the market will close at ATH. 

Year 2017 would have disappointed bears in all other markets. But our market has given good entry and exit for bears and bulls.

From a low of 8151 on 2nd January 2017 to all time high of 10530 and still hungry for new highs, market has gone up by 2500 points works out to 30%.

Happy trading!! 

Merry Christmas!

















Thursday, 21 December 2017

MARKET TREND 22/12/17

On expiry day both nifty and bank nifty moved in a very narrow range and did  not give opportunity to OTM options. In spite of this situation, we have identified 25600 CE and picked at 25 and sold at 38 and above.

This was the best possible chance we could see today.

As per today's close, we have been able to see the  momentum being  lost in the rally. It must be due to month   end expiry nearing.

The index is not in overbought position. Still we find index slipping from ATH.

Get ready for a fall and grab PEs during next week for good gains. Our followers are already given the strategy for next week.

Nifty range 10360-460
BNF range 25400-25650

Happy Trading!



Wednesday, 20 December 2017

MARKET TREND 21/12/17. Expiry day

Nifty futures seem to have lost the steam and as per observation 10500 has a stiff resistance.  Too much calls have been short at this strike price. What looks very attractive to small investors to invest 50 to multiply to 100-150 is proving to be a trap. This is going to be a tricky expiry and we may see a close similar to previous month. 

Nifty futures range  10360-10494. Any breakout or breakdown of these numbers will see 150+/-.

Bank nifty futures 25500-25875. Breakout or breakdown will lead to 300 points +/- . 

Close all longs by 22/12 and wait for trend.

Happy trading!

Tuesday, 19 December 2017

Market trend 20/12/17

Nifty Futures surpasses 10410 & closed at 10471. Nifty spot is very close to ATH 10490. It is likely that we may see nifty creating new high in this week itself.

Once this happens, index will try to touch 10630.

BNF also is likely to cross 26200 to create a new high near 26500.

If everything goes well, we can see all these happening very soon

Be long and book profits with strict SL

Avoid long position during next week.

Happy trading!

Monday, 18 December 2017

INDEX

As such Index are likely to bless Bulls with good returns. But little bit of patience is needed. A vertical recovery of 400 points  (almost 90 degree) in Nifty and 1000 points in Bank nifty likely to keep the move restricted for today. Everyday you cannot expect index to move like this. We can call yesterday move was a Tsunami which wiped out capital of weaker hands and upper hands did push index again above previous day  with a villain smile on their face.

Advice  to small investors.  

KEEP AWAY FROM MARKET WHEN EVENTS DO OCCUR. 
HEDGE YOUR POSITION ON BOTH SIDES. 
DO NOT SHORT CALL OR PUT OPTION.
DO NOT TAKE NAKED POSITION.

All my investors were safe and sold 25000 PE at 340 which was bought at 80. This was the only position taken on Friday. See the returns. 4 times!!

Congratulations to Mr Srinivas who believed in the levels and market rather than luck. Wish him good luck!!

Happy Trading!!


MARKET TREND 19.12.2017

Nifty opened gap down -235 points, but it recovered within 15 minutes and by 10 am we saw nifty moving very close to Friday close.  Bank nifty future touched a low of 24000 and recovered fully.  All happened within the wink of an eyelid.

Since index have moved 400 points from bottom of 10060, there could be a small dip up to 10330-50 level before resuming uptrend.

BNF expiry could be around 25800 this week.

Be long with a trailing SL 10% below traded price on options to protect your profit. CEs 10300-400 looks rewarding.

Happy trading!!

Saturday, 16 December 2017

MARKET TREND 18/12/17

Friday saw a big gap up in nifty futures which touched 10400 high and closed at 10356.   Bank Nifty also climbed up to 25590 and ended the day at 25528.

Both  the index have reacted sharply to the exit poll news and there is likely to be volatility in the index and  Nifty / BNF may come down to 10250/25275 levels.

Next week expiry of Bank Nifty may see an upswing till 25780. 25575 is a stiff resistance which must be crossed for target 25800, 26000.

Since all events are over and there could be more cheer  due to festive season, let us be prepared for a happy ending of 2017. Be long in this market from Monday onward and do book profits.

Nifty future range for the week - 10250 - 10408. Above 10408 means a lead towards ATH.

Bank Nifty future range for the week - 25300-25590. Above 25600 means march towards 26200.

Happy Trading!





Wednesday, 13 December 2017

MARKET TREND 14/12/17

Nifty today did a see-saw today and moved with in 120 points range.  This kind of impulsive moves do give opportunities to make money provided you are able to  know the mood of  index.

The basic questions one need to ask and ascertain answers are:

Is it the right time to do gamble ?

Am I sure of  the outcome of election results  ?

Can Nifty cross the  ATH in this  month?

The  answer to the first two question is NO. We are not soothsayers to predict and  pinpoint the events.  

The answer to the third question can either be YES or be NO.  The reason is Nifty has been trading below buy level of 10280. Out of 10 trading sessions only 2 days saw nifty close above 10280. All other days are below 10280. So one cannot be bullish about this market when  odds are in favour of decline.  

Nifty range 10138-10380.  Below 10138 short nifty and above 10380 be long in nifty.

Bank nifty range 24880-25250.

Trade with caution!  Do not compel yourself to trade and go technically.




Tuesday, 12 December 2017

MARKET TREND 13/12/17

Nifty Futures could not break the resistance of 10361 mentioned in yesterday's posting. Right from   morning it was a downside market and nifty has lost around 90 points today and closed at 10265. 

Bank Nifty futures also did not make any effort to go past 25500. Instead it started trading in a very narrow range and finally ended at 25165.  

Technically both the  index are not able to cross the resistance. 

Bank Nifty may go below 25000 in this expiry and  Nifty futures also likely to trade in a narrow range of  10180-240 till the end of this week.

Trading tip for this weekly expiry.  Take PE of 25000/24900/800 of next week expiry for good gains.

Happy Trading!











Monday, 11 December 2017

MARKET TREND 12/12/17

Nifty trend remains unchanged. Bank Nifty has to support nifty to move up. 

Bank nifty is still unable to break the 25500 level. If that happens one can expect Nifty to move  higher.

Will it happen? 

An entry is possible to get in to Nifty futures or CEs  before Friday and PATIENCE is the key.  

Nifty future resistance 10361.  Support 10293.

Bank Nifty future resistance 25481/575. Support 25255/211.

Irrespective of events like FED meeting, Election results, bla...bla...our index has bottomed  out and moved up. Do not expect a big correction in index. 

If you find Nifty future coming down to 10288-248, buy CEs of 10300/400  for  good gains. Till then WAIT. 

Bank Nifty future will roar if it crosses 25500.  This weekly expiry may be below 25500. Remain cautious.

Happy Trading!!








Friday, 8 December 2017

MARKET TREND 11/12/17

Nifty future continued its journey towards north direction and posted around 100 points gain;    It will be interesting to see the move above 10300 as 10320 acts as a stiff resistance.

Unless BNF crosses 25625, we cannot expect any big move in nifty futures also.  

Next week we expect a range bound trade between 10226-10325. I reiterate that if Nifty future may not revisit 10100 in this expiry if 10226 is held during next week.

Bank nifty may disappoint Call holders as big moves are possible only after  this weekly expiry. Range for BNF 25250-25550.  A close above 25550 will lead to 25850 and a close below 25250 will take us to 24900.

Happy Trading!

Mickey and Friends wallpaper entitled Minnie Mouse gif


STOCK WATCH - HEROMOTOCO

HEROMOTOCO.  Expecting a major move in this scrip. 

    P 
U
 or
D
  O
     W
        N  ???

Study the scrip movement.  Analysis is knowledge. Knowledge is Power.

Siamese Cat on Wall


Thursday, 7 December 2017

MARKET TREND 08/12/17

Today Nifty and Bank Nifty recovered smartly and closed near day high. All CEs  are almost in buy mode and the uptrend is likely to continue for few more sessions.

If Nifty futures close above 10250, the chances of revisiting 10100 in this month looks remote. Better to cover all short positions. A close above 10280 gives more advantage to bulls.

Bank Nifty must catch 25500 level which should be possible in the  next one or two sessions.

Nifty level  to watch 10226/10308.
BNF 25273/500/623 . 

These levels are very critical and any close above these levels indicate bullishness.

Close below 10088 on NF and 24885 on BNF indicates further bearishness.

Happy Trading!!

Tom & Jerry

Wednesday, 6 December 2017

MARKET TREND 07/12/17

The RBI maintained status-quo on REPO rates and it was in line with the market expectations. Therefore we could not see any violent move in BNF. 

Today Nifty further drifted downwards below 10100 and closed below support level of 10088. This could be a disappointment for bulls. But market is in no mood to move up.

One can expect Nifty to come down to 9920 where it can take support and move up.  This could be the last level provided global factors do not give jitters to our market.

On BNF watch for 24400/350 to come before election results.

Do not go long in this market and do  not buy CEs as immediate reversal or bounce back is not visible in near term  - week to 10 days-. 

Try your luck with BNF month end PE of  24000/24500 for  decent returns.

See how Nifty is struggling in the picture.. ha...ha...

Happy Trading!!

This gif image - Tom and Jerry gif Animation, is available for free download

Tuesday, 5 December 2017

MAKET TREND 06/12/17

Today Nifty future took support at 10092 and again moved up to clinch a high of 10179 before closing at 10146,  6 points below previous day close.

Bank Nifty Future saw a dip of 10980 and made a swift move to touch 10280 before a close at 25246,  very near to previous day close of 25242.

In nutshell, further fall in the indices has been arrested and some  steadiness is seen which is a positive sign before RBI Policy.

We expect the market to be range bound tomorrow.

Nifty future range - 10091-10180  and Bank nifty future range 25085-25375.

If NF close above 10225 on a daily close basis, it indicates reversal of trend. Exit all your shorts. Similarly if BNF closes on a daily basis above 25330, then we may see an impulsive move.

One can expect a short term up trend in nifty up to 10425 and in BNF up to 25875 before we get in to Gujarat Election jitters.

Happy Trading!

Cartoons Backgrounds In High Quality: Donald Duck by Matthias Aaron, Mon 9 Nov CET 2015



Monday, 4 December 2017

MARKET TREND 05/12/17

Nifty future has shown some respite to bulls till 1.30 PM,, but later on moved towards south direction and closed marginally above previous day close.  There could be surprises and frustrations for investors as to why Nifty is not able to move up while all global indices are in green territory.  Our market has domestic factors to deal with which weigh high.

I have mentioned my apprehension about BNF not crossing 26500 in November and also not before RBI Policy. I have even stated that BNF is likely to visit 25500-600 before expiry.  Everything is happening as per technical if you have followed all the posts.

Nifty likely to correct further up to 10082/9917 while BNF likely to extend downward journey up to 24520/370.

Those deal in options should buy month end PE of 9800 and 24000 for multiple returns.


Friday, 1 December 2017

MARKET TREND 4/12/17

The expiry day saw nifty closing below 10300 and subsequent down trend on Friday indicated the clear capping of any upward move in nifty.  The key level to be watched is 10125 which was the previous low in Nifty futures from where we saw a big jump to 10400 during last month.  If 10125 is also broken, then the next support is 10034 failing which nifty future could see a low of 9750.

Bank Nifty is trading very near to last month low of 25193.

In totality, both the indexes are under sell mode. Since we are in  oversold territory, there could be a relief rally which can be used for exit from long positions by 7th of December 2017. The RBI policy is expected to give some relief to bulls to exit from longs before market again snaps up move due to election fever. 

Nifty is bullish above 10360 for climbing new high above 10530 and bearish below 10035 for target 9916.

Bank Nifty bullish above 25575 for target 26500 and bearish below 25138 for target 24880.

Happy Trading!

Tuesday, 28 November 2017

MARKET TREND 29/11/17

Today Nifty traded started off with a gap down of nearly 30 points from previous close, recovered immediately and started trading in a very narrow range before crossing previous day high of 10324. But all the gains made during the day have been wiped out and Nifty future closed at 10370.

Bank Nifty also  shown some uptrend in the fore noon but that too tumbled down to 25816 before closing at 25857.

Both the index have given a clear indication that any up move is possible only after this expiry. Any rise in index is sell and 10300/350   PEs look better at single digit price for multiple returns. One can try with minimum investment to multiply the money fast.

It all looks like Nifty expiry could happen around 10300-325 and Bank Nifty around 25500-650.

All our members exited from longs with a trailing stop loss around 10410. We will enter only when clarity emerges in index move.

Till then we enjoy life!!

Follow the 7 Rules of Life ! Life is simple .. Enjoy.. Do not complicate by too much of thinking.

7 Rules Of Life



Monday, 27 November 2017

MARKET TREND 28/11/2017

Nifty futures today touched a low of 10353 and we all know it is an expiry week move. The low in nifty future did not test the 10300 CE's bottom level till noon. That was a confirmation for nifty to bounce back at any time during the day. It did.  Not only that, it also closed above previous day close to confirm further up move in nifty in the coming days. 

Bank Nifty crossed the hurdle of 25867 today and moved above 25900. The next hurdle is 25975 which must be crossed to go  beyond 26200. 

Our followers have already picked Nifty CEs when NF was trading around 10360 in the morning. ALl positional trades which can easily double before expiry. 

Nifty futures immediate target 10453. Huge OI in 10500 CE is a point of worry and it is likely that Nifty may close between 10400-500 range. This will coincide with BNF closing below 26000 as RBI policy plays a crucial role in movement of BNF. Clinching 26500 in this expiry is a wild guess.

Be long in this market and catch move up move with tight SL.

Happy Trading!!!

dow jones news GIF


Friday, 24 November 2017

WHY BANK NIFTY NOT PERFORMING??

Most of the investors must be having the question in mind as to why Bank Nifty is not moving in spite of recent correction having ended in nifty at 10125.

The answer is simple. When you look at Bank Nifty moves in November,  it has already surpassed the previous high of 25260  and went ahead to touch 26200 in its own  style.  While touching the new highs, it has created a record of crossing 2 top levels viz 25867 and 25975 on a single day and  touched 26200 and came back below 26000.  This is triple top formation. Normally when triple top formation happens, we can expect a reasonable correction of 500-600 points from the top. One can expect Bank nifty future to reach between 25500-25600 level to complete the cycle in order to continue its upward trend. The exact number is 25595 from where reversal is possible. 

The trend in Nifty future is exactly opposite.   It has never crossed even the first target of the month ie., 10567. We expect Nifty to pick strengths from Non banking scrips to float above 10400 level and surge ahead while bank nifty likely to complete its cycle in the meantime.

It will be interesting to see the index move during the next week. If Nifty has to move up then Bank Nifty also has to move up. But the situation looks like BNF not going to support before completing its cycle.  Unless this happens on Monday or Tuesday , there could be yet another week with  a range bound trade to erode the premiums of options.

Nifty has crossed the hurdle 10382 on a daily close basis. Exit from longs if again if it closes below 10382. Other wise hold on to long position for target of 10567. 

Happy Trading!

waiting gif GIF by hero0fwar




Thursday, 23 November 2017

MARKET TREND 24/11/17

The same story repeated today also. Nifty futures started climbing down after reaching 10389 to touch 10308 and a good bounce back helped nifty to close at 10370, marginally above previous day close. 

If NF trades above 10382 for 15 minutes and above, it  will lead to big jump and close above 10400.  Today's low  was  due to short covering as 10300 was protected and we know that 10300 is a strong support which cannot be broken.

The 4 hour candle in both the index looks good and it is all set to move towards north direction. Of course BNF looks weak and  a big rally and new highs is not in the offing immediately.

Today also our followers took 10300/350 CEs at rates around 80/52 and exit with decent profit. Market rewards those who wait for their price at right time.

As of now it all looks like consolidation phase is over and index is ready for a take off. Don't miss the journey! Fasten your seat belt and be ready for an impulsive move. Destination 10550.

Happy Trading !!

prop place cartoon animated gif




Wednesday, 22 November 2017

MARKET TREND 23/11/2017 WEEKLY EXPIRY

Nifty futures and  bank nifty futures could not move any further and closed near previous day close with a negligible gain. In my previous posting  I have indicated the exhaustiveness  of the index on 4 hour candle. There could be a similar move in the first half of the day tomorrow and one can expect a violent move in the index  by afternoon. In all probability it could be in the north direction as 10300 is acting as a very strong support.  Put Writers wont budge and ensure that index remains above 10300 only. 

We congratulate Mr Srinivas who picked the 10400 and 10300 CE at the suggested price in the morning and sold it for handsome gains. 10300 CE Entry at 89.40 and sold at 105. 10400 CE entry at 42.85 and sold at 49.

Market gives enough opportunities. How we pick and how proactive we are is all matters. That is simple if you do home work and prepare yourself for a pick at the right time.

Tomorrow watch index closely. If Nifty future is able to close by 1.00 Pm  above 10389.50, then we will be able to see fire works in BNF as well as nifty.  Only if this happens, one can go for BNF CEs. 

Nifty as explained earlier is range bound - 10320-10390.  Bank Nifty 25560-26200.

Happy Trading!

Congratulations graphics

Tuesday, 21 November 2017

MARKET TREND 22/11/17

Nifty future today made a high of 10389. After trading at higher level till 2 Pm  drifted down to 10337 and finally closed at 10352. It could not sustain and close above 10373.  A daily close above 10373 will lead nifty future to 10440/560.

Bank Nifty punched a high of 26200  and closed 400 points than today's high.   BNF must sustain and trade above 25715, to clinch   26200/500 by November end.

As of now both the indexes look exhausted on 4 hour candle and it may consolidate around 10340-400  level for a day or two before making a further upward move.

Any further down below 10300 till this expiry is unlikely as the OI as on date in 10300 PE stands at 5.4 Million. Now 10300 looks like a strong support for Nifty. 10500 CE OI stands at 6.1  Million. This could be a tough resistance as nifty can manage up to 10450 levels. It is interesting to observe unwinding of CE at all strike prices as Call Writers are closing their position in view of change in trend in Nifty. 

Be long in this market if nifty manages to close above 10380 for target 10490. On bank nifty major moves are expected if it we close above 25867.

Happy Trading!

i love you GIF







Monday, 20 November 2017

MARKET TREND 21/11/17

Nifty opened flat and touched a high of 10342 and a low of 10276. No attempt has been made to clinch the 10373, the high achieved on 17th.  On the contrary it has gone below Friday's low before closing at 10318, being 20 points above previous close. 

A close above 10343 only takes nifty to higher levels. Till then it is a wait and watch game.

Bank Nifty also did not attempt to scale up to move above 25975. This clearly indicates more sideways move in the coming days. It is closing below two monthly upside targets of 25975 and 25867  and this is a point of worry for further bullishness in bank nifty.

A close below 25550 indicates bearishness and a move up to 25351/25193. One can initiate shorts if BNF trades below 25550. 

Nifty futures to go bullish on a daily close above 10343 and weak only below 10119.  

Take long position above 10343 and short only below 10250 for target up to 10119.

Happy Trading!!

Friday, 17 November 2017

MARKET TREND 20/11/17

Nifty futures have opened with 100 points gap up and it was technically an expected bounce. All news like Moody etc., are just stories. Technically market has to bounce and it did. No big wonder for us. But as indicated earlier, the close is below 10343 which does not augur well for bulls as well as bears. Because now Nifty is in No trade Zone. It is likely that the market may make  a halt and move sideways between 10200-300 during next week.

Bank Nifty today has outperformed and has finished its monthly target. Please see my earlier post on November levels posted on 1st Nov 2017.  Bank Nifty is also likely to move sideways and 26500 target seem to be unlikely till the end of this month.  When it will happen?  I will reveal the date later but it is not anyway in the offing immediately. 

Bank Nifty Spot if slips 25700 will  lead  to 25500/25350.  Only a close below 25150  will lead to 25000/24800.  That is more unlikely to happen. 

Nifty is weak only if it closes below 10100.  We are away from that level by 180  points. A close  above 10343 is bullish.

Hope next week brings one more trade opportunity to double our investment.  My followers are making merry on this week end!

happy weekend GIF by Rabbids


NIFTY GAVE 100% RETURNS


You must see to believe it. See below the sell order  executed by one of my members at 100 which is trailing SL for the 10300 CE which was bought yesterday at 50. Buy order has been posted yesterday.  This is the most perfect disciplined trade. Congrats Mr Krishna. You followed the rule of the trade. 

We do not gamble everyday. We are positional investors. We will wait for next opportunity. Till then keep the cash in wallet and watch the market.

Happy Trading!





Thursday, 16 November 2017

THOSE WHO BELIEVE IN THEMSELVES

These are the trades taken by clients yesterday who joined last week after reading my post ..You want to become a Millionaire. I am posting a sample of one client who joined with small amount.


Time of entry around 2 PM yesterday, that is the perfect level for going long on nifty. Confirmation of upward trend.

If you take trades based on perfect levels, failures and disappointments can be avoided. 

Those 10 persons joined in the batch are blessed with a good chance of making  the  investment more than double. 

Wish them all good luck!

before believing the levels start believing in yourself ! Things will start working perfectly!

NIFTY TREND 17/11/2017

Nifty took a reverse from 10120 and ended above 10200. For the time being the bearish trend has ended and up move has resumed.  

The trend is likely to continue at least for next 2-3 trading sessions. Bank Nifty has maintained the trend and helped nifty to regain the lost ground.

Nifty future is moving towards 10300. If in this week it is able to  close above 10334, which is previous week close figure, then further rally even surpassing all time high is possible. Watch this number and a daily close above 10334 will lead to a rally towards 10490.

If at all Nifty again closes below 10150, it will be a disaster for an imminent fall up to 9980. 

Bank Nifty has to close above 25700  to resume it bullishness and move above  26000/26500. Again  if it breaches 25150 it will lead to a serious fall up to 24800.

Yesterday all exited from PEs and today we are in long positions. Accumulated CEs at 10207 which was critical number. We will hold on to it till we get a sell signal in Nifty. That is the power of perfect number game in the market.  

Bullish or bearish,  we have to be  trendish!! HA HA..

animated bull gifanimated bull gif


Wednesday, 15 November 2017

MARKET TREND 16/11/17

Nifty futures touched a low of 10125 and bounced back in the last 45 minutes of trade to close at 10163.  

The lower side earlier was predicted in this blog as 10119. Today almost it has been met.

A close above 10205 signifies uptrend and a close below  10119 indicates further down trend up to 9982.  As of now it is  sell on rise situation 

If Bank nifty breaks the most critical level of 25150 in spot we can expect  a fall below 25000.   

Since tomorrow is expiry day, keep an eye on the levels and take position accordingly.

Happy Trading!

animated teddy bearanimated teddy bear




Tuesday, 14 November 2017

MARKET TREND 15/11/17

Nifty today took support around 10175 and closed at 10185 which is very close to the low of the day.  

Bank Nifty also today lost 75 points and closed around 25285.

The pace at which fall was happening has come down, but still the trend is not positive.  I have indicated earlier that Nifty last support is around 10120 and if bank nifty spot closes below 25150 it may lead to a fall up to 24800.  

The levels and numbers are again repeated and before all these down side targets we cannot expect recovery in the market.

The whole week is bear week.  

Range for Nifty tomorrow : 10120-10250    Bank Nifty :  25200-25600.

Happy Trading!


Monday, 13 November 2017

MARKET TREND 14/11/17

Despite positive cues on GST rate reduction, Nifty could not move up and lost 1% and closed below 10240 a crucial level.

We can see Nifty future drifting down to 10120 in the next few trading sessions. The whole week is likely to be bearish. We believe 10120 to be a strong support for nifty to come back to 10300. 

If 10120  is breached on a daily basis, then we may have a big sell off up to 9900.

On bank nifty  one can expect 24600 if 25150 is breached on spot.  

Buy 10100 PE if Nifty spot is below 10240 and exit when it reaches 10100.

Do not expect any relief in this week for CEs and any long position as market is in the tight grip of bears. 

animated gifs Bears





Saturday, 11 November 2017

Be happy with what you have


Be happy with what you have

Materialistic pleasures were never the goals of Indians. People used to be satisfied with what they had and within what they had, used to help others. Their hearts were filled with pure love, friendship and bhakti. The story of Sudaama, the best friend of Lord Krishna, stands as an outstanding example for this.
Sudaama and Krishna Bhagavan were good friends. The friendship started at their gurukulam with Shri Saandeepa. As always duty takes more priority than everything. Hence, after completing their studies they had to part. However, neither Krishna nor Sudaama could forget each other. Sudaama, knowing who Krishna really was, also had true devotion for him. Sudaama never was interested in earning lot of money or other such aihikechchas. Once after many years, not able to bear the separation from Krishna anymore, sets off to meet Krishna.
On hearing the news of his friend’s arrival, Krishna runs to the city gates to receive Sudaama personally. Krishna, the paramaatma, hugs Sudaama several times and they break into tears with uncontrollable aanandam. Krishna takes Sudaama to his palace and makes him sit comfortably on the shayanaasanam of Krishna and Rukmini Devi. Krishna, whose feet Brahma himself washed to produce the holy waters of Ganga, washed the feet of his friend, together with Rukmini, with utmost care. Then the Lord of the worlds, purifies himself, his queens and the palace with the paada jalam of the great scholar, Sudaama. Though Sudaama was very poor and did not even have money to eat food, he did not even think about it while he was with Krishna. Krishna took the atukulu brought by Sudaama for him and commented that it was one of his best ever meals. Both of them talked a lot, till their hearts were full and finally Sudaama returned to his house with a full heart, thoroughly satisfied with the Lord’s sweet words.
(Ofcourse, the sthiti kaaraka of the worlds, Krishna, blesses him with all worldly pleasures too…)

Greatness of Krishna
Morals in the story:
  1. Money, property and other pleasures are Kshanabhanguraas and as a person keeps satisfying them, they will only increase. Hence, like Sudaama, one needs to be content with what he has. Even given a chance to ask anything from Krishna, he did not choose to ask him!
  2. The nature of pure friendship is exposed by Krishna and Sudaama. Krishna, being the lord of the universe, washed the feet of his friend and purifies himself with the paada-jalam. Sudaama, though was extremely poor, never asked Krishna for wealth and make friendship a business.
  3. Notice that only a guru is one who makes a person meet God. This is reflected clearly in the story. It is because of Saandeepa that Krishna and Sudaama knew each other and met each other again.
  4. Krishna making his friend sit on his shayya, talk with him what Rukmini and he talk intimately and receiving Sudaama at the gates of the city show how intimate & sincere friendship must be.
  5. The kind of respect one must give to an Atithi and a scholar is well brought out by Krishna.
Message:
Self-contentment gives a man the power to control any of his attraction towards the wrong path. If a person is not self-satisfied, he will always have ever increasing greed. Even control over the universe would not give him satisfaction.

NIFTY TREND 13/11/17

Friday saw the biggest volatility and bank nifty futures moved from  25270 to 25650  in no time and again came  down sharply down The last 30 minutes again saw a very big up move.

The up move in Nifty future was also very fast and after touching 10287, it bounced back like a tennis ball.  

Please mind that these volatile moves are benefiting only big players who can keep  positions open on both sides with heavy margin and book profits.  They are market makers or market movers.  

It is better to stay away from such movements. Avoid temptations.  Focus on protecting your capital rather than regretting such risky trades.

Monday could be a day with gap up opening both in Nifty and Bank Nifty A stiff resistance is seen at 10380 and 25695 in Nifty and Bank Nifty respectively.

A firm close above 10345 indicates move towards 10400/450/490.  Similarly Bank Nifty Spot must close above 24700  for  a  further move towards 26000/200/500.

Keep minimum target in nifty and bank nifty and book profits. Do not aim at big moves above 26000 in Bank nifty and 10450 and above in nifty. 

I will intimate the same before it happens. Till then it is all sideways market keeping both Put and Call active till next week end.

Happy Trading!

Thursday, 9 November 2017

NIFTY TREND 1011/2017

On Expiry day we could see a very high  volatility and all Put below 25300 and Calls above 25300 went worthless.  

Nifty Future closed with a premium of 53 points and Bank Nifty Future closed at 25419 with a premium of 133 points. This kind of high premiums have been unheard of in the past. Nifty is making history even in maintaining premiums..

I have mentioned in my blog day before yesterday about 10th November movement which is tricky.  Today sets the trend for next week move. Hence it is critical to see how the index closes on this week.  

Next week could see Crude oil prices increasing and  reaching US $ 68-70 /Barrel. Gold also likely to move up The index will move in the opposite direction  

Take the maximum downside levels posted yesterday in this blog on Nifty and bank nifty and trade accordingly.

Members have been holding PE and did not mind carrying in spite of a fake up move yesterday.

Happy Trading!

DOW JONES IS FALLING DOWN.. FALLING DOWN.. MY FAIR LADY!


Wednesday, 8 November 2017

MARKET TREND 09/11/2017

Nifty future and bank nifty have again started correcting today and the close today indicates further more correction is in the offing.

Nifty future likely to touch 10119 and  bank nifty future 23902 and one can go short in futures with a stop loss at 10390/25556.

Options trade have been advised to members on board.

We go by trend. This time bearish trend has been identified well in advance and we carry our positions.  That is the power of technical.

Happy Trading!!

competition,ice skate,winter,athlete,action,ice,snow,adult,public show,wear

Tuesday, 7 November 2017

MARKET TREND 08//11/20117

It was a much expected move in Nifty and Bank Nifty yesterday as alert has been given to all to  trade with caution.  

Nifty slipped from a high of 10480 and touched a low of 10340 before it close at 10350, near the lowest point of the day.  This signals further downward move likely to continue unless it moves above 10380 and trade above this for a while.  On Nifty a further down side up to 10250 is expected if it does not hold 10380.

Bank Nifty also could not reach 25700 and once it breached 25500 we witnessed a low of 25250.   I have already indicated that Bank nifty may revisit 25200 during this week. Since this is already done one can expect a maximum of another 250 points on the down side up to 25000. This can be considered as a strong support for Bank nifty.

It is expected that the down trend likely to be there till this Thursday as BNF CEs up to 25500 may go worthless.

Trade on Options already informed to members on board!

Happy Trading!!



  


Monday, 6 November 2017

TREND FOR 07/11/2017

Nifty Futures will have an impulsive move today as today is a very important Gann date. It could be a positive move today.  

Also 10th of November could see a big move. Up or Down?  I will post for my members before it happens.

Nifty Futures range 10400-10530. If 1400 is breached then one can see 10300.

Bank Nifty Future range 25450-25700. If it goes above 25700 it will be a break out and all CEs above 26000 could outshine. Go long if 25700 is broken.





KNOW THE LEVEL BN 26000CE

Go long in Bank Nifty CE above 26000 if 26000CE stays above 240.  Exit when it touches 376. That is the power of technical.  Go for weekly CEs at these levels. 


Friday, 3 November 2017

MARKET TREND 06/11/2017

Last week close of Nifty future as well as Bank Nifty future is near all time high. This has happened after two days of consolidation and retaining all gains made during the week. The market breadth looks good and one must hold long position till we achieve 10567/ 25870 in NF/BNF.

As we are in all time high and creating new highs, one must remain cautious at these levels and trade with stop loss 5% below your buy price to avoid disappointments/ loss. The reason is, normally market corrects every year during November and December and again moves up in Jan/Feb. To remain cautious is better than regretful.   

The range for BNF during next week is 25225 to 25975.  The range is wide and there are chances of visiting 25200 in the coming week.  Upper side move is limited due to stiff resistance seen at 25870. keep an eye of 25500 PE.  Buy it when BNF trades near 25850 and exit when BNF trade near 25200. Better to trade on month end PE if one feels to protect capital and pay safe.

On Nifty Futures the range for next week is 10400-550.  Exit from long at 10550. One can think of buying PEs if at all NF breaks 10400. Till then no SHORT no PEs.

All  those holding CEs, must hold and book profits at 10550 and wait for next trade.  


Thursday, 2 November 2017

NIFTY TREND 03/11/2017

Nifty Future today did a mild correction on expiry day closed at 10452, down by 20 points.  The premiums on CEs went down heavily as the future premium also got shrunk.

Bank Nifty did a mute role and all premiums above 25500 have been grabbed. 

Since the Nifty is above 10400, the next target for Nifty is 10567.  My followers have been told to grab 110600/700 CEs at the bottom level yesterday when Nifty future touched 10440.  All  those bought CEs will hold on till we reach 10567.

Bank Nifty future  has to reach first level of 25867 and a daily close above this will certainly lead to 25975.  The tall number 26500 could be the target for the month if everything goes well in the market.

Buying CEs beyond 26000 for the next 2 weekly expiry looks a futile exercise. Only month end expiry could clinch the last target of 26500 and 10730 in BNF and Nifty future respectively.

One cannot predict and pinpoint the event accurately; yet going by the 6th sense and volatility, and Bank nifty having already given more than 1500 points in the last 7 trading sessions, it is too much to expect another 600 points in the next 10 days. 

Bank nifty is bearish below 25200 and Nifty is bearish below 10300.  Till then enjoy the sky walk.


Wednesday, 1 November 2017

MARKET TREND 02/11/2017

Nifty and bank nifty ended up near all time high. Nifty closed above 10400 and Bank Nifty closed near 25500.

This kind of break out indicates strong momentum prevailing in the market and one must be long in this market

Buy 10600/700 CE at current market price and aim at 60-70% returns in the next 5 trading sessions.

On weekly expiry, grab 25300 PE if BN spot trade below 25450. If it trades above 25550 then try 25800 CE. The price you should pay should be 2/- for jackpot. The move in Bank nifty likely to be muted today and very limited..

Happy Trading!!

NOVEMBER LEVELS

Both Nifty and bank Nifty are in break out mode and a strong buy. The positional buy is at 10200. It is moving towards next target 10567/735. Any close below 10300 will only is looked as negative. 

Bank Nifty Future positional buy level is at 24600 and it is moving towards 25870/975 which is the immediate target. If BNF is able to hold above 26000, then next target is 26490. BNF is negative only if it trades below 25000.

It all looks like a  fast move towards the above targets with in a couple of days.   Even the US market is also gearing up for a fast move towards its year end targets on indexes

What will happen next? When the correction starts? Or bull run likely to continue? 

We will certainly address those questions. But as of now the rally is towards 10700 and 26500. Let us enjoy the ride. DO NOT MISS THE RALLY.

If there is a trend reversal, I will be the first person to post here, as the fall will be huge.

Happy Trading.
animated horse




Monday, 30 October 2017

MARKET VIEW 31/10/17

Nifty manages to stay above 10355 which is a very positive sign so that the next move up to 10475 can be expected.

Bank nifty also holds above 25000 is also good but for a bullish  move it must close above 25200 so that next target 25500/25975/26200 are possible. A close below 24800 may lead to 24000/23500.  It is better to wait for a confirmation before we go long or short in BNF.

The Fed meet decision comes late in the night on Thursday. The impact of the same will be known on Friday. Till then it could be a range bound market.

Better to wait and enjoy the ride.

Happy Trading!

Sunday, 29 October 2017

MONTHLY VIEW ON NIFTY

The November expiry has more trading days and  one can  expect a high volatility in Nifty and bank Nifty. There could be swings on both sides.

Nifty has strong  support at 10100 and positional short starts from this point. On the upper side, as long as 10250 is held, higher targets are always on card.

November month could see a maximum high of 10550/600. Lower  side is possible  only if Nifty goes below 10100.  

Bank  nifty is bullish if daily close is above 25050. It is negative if it trades below 24480 on a daily close.

November month could see a high of 25366/25975/26060.  On the lower side up to 23450 is possible if 24480 if breached.

Since we saw 1000 points up move during last  week, there could be a much bigger down side target November. Be prepared and catch this big move if Bank Nifty trades around 24480.

Happy Trading!!



Thursday, 26 October 2017

MARKET TREND 27/10/17

Nifty Future closed near all time high.

Bank Nifty Future  could not reach previous high of 10260 and closed around 25000.

Both the index look strong and further move is expected after consolidation at these levels.

Since the index is at all time high and still more corporate results are expected we can expect some volatility in trade.

Do not expect vertical climbing up in nifty. There could be dips which we can use for entry positional.

Nifty is likely to reach 10550 in November. Bank Nifty can cross 26000 during this month.

Happy Trading!




Wednesday, 25 October 2017

MARKET TREND 26/10/17 - EXPIRY DAY

Today Nifty future surged 130 points in the initial hours of trade but it could not sustain the gain and ended below  10300. 

Bank Nifty moved roughly 900 points up from 24230 to 25111 and closed below 25000.

Those trading on expiry day should watch for Nifty  Options should buy 10350 CEs only if Nifty Future trade above 10300. Below 10300 means 10250 PEs can be bought. Your exit point for booking profit in CE is 10340 and 10241 in PE.

Nifty trade band on expiry day is 10220-10350

On Bank Nifty, one can buy 25200 CEs only if BNF trade above 25100. If it breaches and trades below 24950, then aim for 24800 PE. Exit from CE when you find 25260. For PEs exit level is 24840.

Happy Trading!!

Tuesday, 24 October 2017

MARKET TREND 25/10/17

Today Nifty closed with around 30 points gain and the close is above 10200.  Bank Nifty closed at 24235, up by 75 points over previous day.

The much awaited HDFC Bank results did not lift the BNF and this has been very well predicted in my posting yesterday. 

The support for Nifty is around 10100 and for BNF 24000. Upper side as of now is 10260/24400.

Tomorrow is yet another day where the premiums of puts likely to vanish.

The Expiry day comments are reserved and the same will be  revealed tomorrow evening here.

For members on board, that will be revealed to take suitable position in Options trade

Happy Trading!

Monday, 23 October 2017

MARKET TREND 24/10/2017

Nifty Future opened with 75 points gap up and immediately  started sliding down to touch 10120 and last one hour saw a good recovery to close around 10196.

Bank Nifty Future closed at 24166 which was incidentally the high achieved in the morning first 15 minutes. Twice BNF came very close to 23900 but has not breached the 23890 which was last week low which we saw on Muhurat Day trading.

The range of Nifty is likely to be between 10074- 10200 tomorrow.  Bank Nifty Future likely to be between 23750-24100.

Since there are two more days to expiry do not expect any major move tomorrow as HDFC results may not have big impact on market.

Options are suggested for members who are on board!

Happy trading!




Thursday, 19 October 2017

MARKET TREND 23/10/17

On Muhurat day trading, with one hour trading session, there has been continuous sell off with no respite. The critical level 10189 is breached and Nifty Future closed at 10118, 28 points below Nifty Spot (10146) at a discount.

Bank Nifty was the main index to drag the Nifty down. It opened  with 100 points gap down and  the slide was unabated till the end. It ended at 23890. The decline was exactly 500 points from previous day close of 24391. Bank Nifty spot stood at 24010, BNF is at a discount of 120 points. 

This kind of close at discount signifies further weakness. Since we are the last week of the expiry do  not short Nifty or BNF as there could be a bounce back on the last two days if it does not go below 10045/23750 level. This is likely to complete the down cycle for this expiry. 

The Volatility Index is at high above 12% .

This could bring the index down further on Monday. Unless VIX cools, the chances of recovery in Nifty is remote.

Wait for first 15 minutes on Monday to watch opening of VIX and Rupee. If both signals weakness persisting, then you can go for PUT option.

Nifty Future support level : 10045/9950  Resistance: 10163/189/206

Bank Nifty Future Support Level : 23757/609  Resistance 24003/080/176/245

Happy Trading!!








Tuesday, 17 October 2017

MARKET TREND 18/10/2017

The Index movement was in sideways as expected. But 10200 was not breached during the day which is a good sign of strong up trend in the market.

Bank Nifty is not able to perform and still not in break out mode. The closing number is not indicating the trend and it is a cat on the wall situation.

I have been advising to go for High Delta CEs only. 

After two days of consolidation, market is ready for another move probably on the upside. Keep 10350/25006 as next target and book your profits in NF/BNF.

For Nifty future SL for all longs in futures and options is 10189 and BNF 24480.

Happy Trading!

space rocket animated gif image


Monday, 16 October 2017

NIFTY TREND 17/10/2017

Nifty Futures went up by 50 points in the opening session and was dragged down close to 24200 and again the recovery was very steady and ended at All Time High. 

Nifty has taken support largely from Automotive sector despite Bank Nifty Future under performing,

Bank Nifty could not retain the gain and surrendered all to end near previous day close.

The trend is up and levels are intact.

A dip better than what we had today is expected tomorrow so that one can enter in High Delta CE (10000,  10100 or 10150) to avoid much anxiety and disappointment.

Look for target 10350 in Nifty Future. If everything goes well then we may even see 10480 in this expiry itself. But the SL is 10189 for  the above trades.

Bank Nifty Future will go bullish only if it crosses 24880.

Happy Trading!!!

Sunday, 15 October 2017

Diwali Week

Since we are heading for a New Year on Diwali, this week assumes a special attention.

Particularly we are at All Time High and still looking for more highs. Let us find  out.

Monday and Tuesday could be dull days as the trump  cards will be kept very close to the chest.

Wednesday could bring cheers and one must wait for a right time to buy and  sell on expiry day.

Best of luck!

Friday, 13 October 2017

MARKET TREND 16/10/2017

Few things to cheer about market today was that 

  • It opened gap up and maintained the up trend.
  • It closed above the previous high of 10189.
  • There is still some more steam left for a rally of 100 -120 points next week
  • Diwali celebration has started with a rocket launch by Nifty and BNF
Levels to be noted for next week are

Nifty Future : Keep 10117 as SL and go long in market. Buy  10200 CE at market price and exit when NF reaches 10330-50 level. 

For bank Nifty Future keep 24475 as SL and go for 25000 CE month end expiry and exit when BNF reaches 25200.

Alert: Number of trading days are very less. Only 7 trading sessions excluding Muhurat trading. Exercise caution in booking profits and maintaining SL while trading.

Risk is high. But reward is also equally high. 

Diwali celebrations have already begun for us!

Diwali e-card




Thursday, 12 October 2017

HOW LONG THIS RALLY CAN SUSTAIN???

The question is answered by the 10000PE DEC 17 chart below:

When the Put reaches 77, market start reversing. Till the time one can make profit out of this rally. Watch this PUT for   perfect trading.


The trend is intact. Be with the trend. Enjoy!!