MARKET TREND 29.09.2017

Nifty and Bank Nifty had shown recovery in the last one hour trade and a it is a 4 hourly big green candle in the chart.This has happened after 6 trading sessions. This signifies a temporary relief for the Nifty and bank Nifty and a breather. 

The fact of the matter is that nothing has changed in the reasons for the downfall of the market which already shed 494 from the all  time high with in a span of 7 trading sessions. 

The Rupee depreciation, High VIX, growth of Indian economy at a slower pace, fear of further depreciation in Rupee against US $ has not improved in the last 4 hours of yesterday where our Index has started showing recovery.  One must conclude that this is a temporary pull back and expiry day play to give a rosy picture. 

If Dow starts correcting, no doubt our market will go hand in hand.

Nifty Future above 9900 and bank Nifty future above 24250 signifies change of trend. Till then it is a sell on rise market. We must wait for market to consolidate which is likely to take another 3-4 days to give a clear trend. Wait till 5th October and it is likely that trend emerges at that time to decide the right trade.

October expiry has only 17 trading sessions and unless clear trend emerges one should not get into options trade.

MARKET TREND 28.09.2017

Nifty and BNF has moved in such a way as if it was an expiry day. Bank nifty shedding 600  points during intra day and nifty more than 150 points makes us think like that.

Put holders really have a sky walk and there seems to be no urge or fear in booking profits. That is market which sometimes rewards heavily for those who think the other way.

Today being expiry day, we will watch the following levels:

Nifty Future : If it breaches  9700 during the day then go for 9600 PE at Mkt rate as there are chances of nifty future touching 9575 today itself.

If NF crosses 9766, then there are chances of NF touching 9800. Go for 9800 CE.

on BNF, only if it crosses 24000, then we can see 24200/24400 on the higher side.  On a safer side place order for 24100 CE at 0.50 - 10 Lots. RS 200.00

If yesterday low of 23765 is breached then there are chances of visiting 23500 is high. So place an order for 23500 PE at 0.50. - 10 lots Rs 200.00

Since DOW has closed positive, there are no negative cues in the market to open low. So our market may not show much big move on either side till the last one hour of trade today.

Happy Trading!

MARKET TREND 27.09.2017

Today Nifty Future touched a low of 9825 and bounced back above 9900, but due to bearish conditions, ended at 9857, 20 points below previous day close. Bank Nifty also touched a low of 24060 and recovered more than 230 points in the mid of the day but ended at  24193, 10 points lower than the previous day.

The good part is that the velocity of downward trend has reduced and nifty shows signs of recovery during the day which was not seen during the last 2 sessions. 

Unless nifty future closes below 9700, we cannot go for a positional buy on Puts. This is a no trading zone and one must exercise patience under these circumstances. 

Both nifty and BNF ended with a discount. There has been a deliberate attempt to push the prices of Puts during the  last 15 minutes. 

Happy Trading!

Wait and watch for right time.

NIFTY

If Nifty future manages to cross 9887 by 2.30  you can see a sharp up  move till 9922.

Put Buyers!!!!

See the enjoyment of PE holders!!  The Lolly Pop and swing! This is called real Masti! 

IS NIFTY IN POSITIONAL SELL?

10000 PE Dec must confirm level for a positional short in nifty. A daily Close above 275  confirms Positional buy. And close above 299 adds more comfort and you can sit back and relax and see the free fall! This  means, a close below 9850 gives green  signal for buying 9500/9400 PE of October to make gains! Till then... wait. 

MARKET TREND 26.09.2017

It  was a  continuation of correction for yet another day today, Nifty shedding around 92 points and Sensex around 300.

All the large cap and mid cap stocks  have been beaten heavily leaving no chance to bull to have a breathe to get small gains.

Looking at the scenario, there is no chance of nifty revisiting 10050 and Bank nifty 24700 in near future. The correction seems to be much deeper.  The sell of  is huge. 

Trade opportunities:

If market recovers then you can buy either BNF 23500 PE Oct Expiry around 48  SL 40 Tr 85//260.

Nifty 9800 PE October Expiry buy @ 37,  SL 30  Tr 106/180.

Happy Trading!!

Birth Centenary of Asima Chatterjee

ROWING up in 1920s India, it was almost unheard of for young women like Asima Chatterjee to pursue scientific study.

However, her achievements as a chemist were such that a Google Doodle is celebrating Dr. Chatterjee's 100th birthday – here is her story.

Asima Chatterjee was born in Bengal on September 23 1917, and grew up in Calcutta, one of India's largest cities.

Although at the time it was very unusual for women to study chemistry, she graduated from the University of Calcutta with honours in 1936.

Chatterjee then completed a master's degree in organic chemistry, before becoming the first woman in India to receive a Doctorate of Science in 1944.

Her research focused primarily on the medicinal properties of Indian plants, and contributed to developing drugs that treated epilepsy and malaria.

However, her most esteemed work came in the field of vinca alkaloids, which are used today in chemotherapy because they help slow down cancer cells from being multiplying.

Dr. Chatterjee's achievements led to her receiving various prestigious accolades, such as the Padma Bhushan – one of the highest civilian awards bestowed by the Indian government.

And in 1975 she became the first woman to be appointed general president of the Indian Science Congress.

She had one child, a daughter called Julie, with her husband Dr. Baradananda Chatterjee, and died in 2006 in her nursing home at the age of 90.

The world will remember her for ever for her contribution in the field of organic chemistry and phytomedicine.

CARTOON ON BLACK MONEY

The cartoon below shows the ground reality on black money menace by the Cartoon King Late R K Laxman!

The Times of India has a column for Mr Laxman for his sarcasm and humor exhibited in a subtle manner. Yet very sharp without hurting the politicians even though he makes jokes out of them!

In tamil magazine we had Madhan, a very good cartoonist associated with Vikatan for a very long time.  Vikatan's circulation once was dependent on his cartoons.

MARKET TREND 25/09/2017

Nifty and bank nifty got corrected heavily and it was a black Friday in Dalal Street. Whereas the world market has not reacted sharply.

The factors like US $ Vs Re at a very high level and fear of further depreciation had led to such a sharp correction. The VIX is also playing a crucial role in the correction which are likely to follow in the coming days.

There could be a relief rally on Monday or Tuesday where Nifty Future could scale up to 10065-100 which could be the maximum upside for NF for this expiry.

Similarly on Bank Nifty we can expect rally up to 24720-24820 where one can square off any long taken in this expiry.

But any rise on nifty and bank nifty is a sell on rally and one should remember this is an exit available in view of month end expiry.  This kind of rise will definitely give hope to bulls that the bull run has again started again. Do not misread the trend and be firm  that correction is going to continue. 

Nifty Future Intra day Support 9965/9926/9575    Resistance 10011/41/65/80/92

Bank Nifty Future Support Support 23961/450  Resistance 24438/496/548/643/725/775.

Like how Nifty and BNF has tested lowest levels in the last 2 sessions as per the posting, there are chances that the last resistance levels are likely to be tested before sell off starts.

Please bear in mind that the above numbers are technical and in no way giving solace to call holders or disappointing the bears.

Kindly note that these are my personal views with technical with a disclaimer clause and one should use stop loss using the support and resistances in trade.

Happy Trading!!

MARKET TREND 22/9/2017

Bank Nifty future tested 24727 as indicated in my posting and took a reverse from there. Nifty future could not sustain 10138.50 and fell sharply till 10072 and took a reversal and closed at 10137, one point short of my number 10138.50. This really matters when you watch market closely.

Tomorrow the market likely to move in a narrow range till 11.00 AM before it starts moving up to erode the Put Premiums. Make a smooth exit from short positions. 

The trade till expiry does not look much encouraging. Do not be aggressive in the market till expiry.

Intra Day level                                             Support                            Resistance

Nifty Future                                            10119/10065                       10137/160/188

BNF                                                        24842/814/726/642/548     24955/25028/104

Happy Trading!!

Today my 24800 PE trade call did not materialize because of  Rs 0.80  difference. We do not regret as we always stick to our buy price and take position.

MARKET TREND 21.09.2017 - WEEKLY EXPIRY DAY

Even in my yesterday's posting I  have given the trend for today as narrow. The technical levels speak. FOMC meeting and Korea news follows technical. Nobody would have given such a accurate level. Those expecting a big move has been disappointed. Do not go by news. Do analysis. The power of perfect analysis brings no surprise and setbacks. 

Believe in technical and wait for trend to change. 

All have already booked profit from CEs and waiting for next opportunity. 

Intra day levels                                   Support                             Resistance

Nifty Future                                     10154/148/138                  10173/179/189

Bank Nifty Future                           24969/917/726                  25013/075/085/111

The weekly expiry is likely to be tricky.  NF and may BNF may have the last support level tested today.

Happy Trading!!!

                   

25500CE today Winner

Today 25500 CE trade call was taken at 32.40 and exit at 43.00 by Mr Mathew John. Congrats! You rocked!

MIND TREE

Today's move of Mind Tree was mind blowing!! Still  more steam left....

How far this will stretch?   The target is sent to members who trade in stock futures....

Take Care!

TREND 20/9/17

Nifty has taken a break and looking for cues for further move. Tomorrow and expiry day could be a disappointing day for bulls and bears as the narrow move wont benefit bull or bear.

Technically Nifty  future and BNF are still in buy mode and the trend is intact.

We will catch the move as it happens. Wait for the right time!!

MARKET TREND 19.09.2017

Nifty futures today opened with a gap up of more than 80 points and all the gains were retained till the end of the day there by showing high resilience.  The Auto sector led the rally with some more addition to nifty from L&T, DRReddy and VEDL.

Today's gain displayed the overall strength across the sectors. There could be still more gains in the coming days.  

Our Positional call has been closed today around 115 and the over all gain was 85%. The entry price was 62 on Friday and exit price today 115.  It almost got doubled. My heartiest congratulations to all who believed in the market and booked handsome profit.

Those who missed must wait for the trend to change. Every month it occurs. One should not regret for such a miss. Market is going to remain for ever.

Nifty Future likely to face some resistance between 10200-230. Support at 10132.

Bank Nifty Future resistance at 25088/25260. Support at 24935.

Be on the long side and enjoy the rain of profits!!

NEW HIGH POSSIBLE?

Dow Jones has formed new high on Friday and closed near day high.

Our Nifty is also well aligned with Dow Jones.  Will it pick the thread from Dow and move ahead?

YES! In all probability we must also be testing new high in the next one or two trading sessions and be ready to be a part of the rally!

Go by the trend!!

Any hourly close above 10129.30 is the stage set for surpassing previous high and aiming for new high.  

DO NOT SHORT NIFTY OR BNF. 

DEC 10000PE AND 9000 CE

See the 10000 PE of Dec 17. If it closes below yellow then market trend is  confirmed as bullish.

For double confirmation please also watch 9000 CE. If this closes below 1130, trend is bearish.

As such Nifty has not slipped into danger zone!

Catch the numbers and understand the trend! You will win for sure!

Option trade is not blind  move! Only Technical works!

MARKET TREND - 18.09.2017

Today Nifty future and BNF opened gap down but  market witnessed strong support for Nifty Future at 10070 and in the a very speedy rally was  seen up to 10132 but it fizzled out to end below 10100. the trend is intact and still there are chances for surpassing previous high if the global cues support our market.

The 10100 CE was advised  as a positional buy around 60-62 and it gave 30% returns today itself. My congrats to our member Shri Uma  who did enter at 62 and exit above 82 today!

Do not get disturbed by the war threat by a rogue nation called North Korea and this will be dealt with due military reply by stronger nations next week.

All is well that ends well!

One surprise for the investors is that why our market is not falling sharply even in the  mid of such war threats?

The answer is international  market cannot bend and be afraid of such utter senseless act of one rogue nation and it has to be dealt with in a stronger way. Let us see how things shape up next week!

Nifty Future Support 10080/9940 and resistance seen at 10123. If 10123 is broken we  can see NF breaking previous high. If 10080 is breached then there are chances of touching 9940.

Bank Nifty Future Support 24826/771/683. Resistance 24898/935/25008.

Next week is very crucial and it is strongly advised not to carry over heavy positions.

Happy Trading!!

MARKET TREND 15.09.207

The expiry trade was with in a very narrow range in Bank Nifty and closed below 25000.  Nifty future also moved in the same way.

The move for the last two days clearly indicates that Nifty does not want to give up the gains made on Monday. With today's move it is confirmed that Nifty future has strong support at 10080.

The trend remains intact. Positionaly Nifty is in buy mode.

Keep holding the CEs as we are very close to all time high 10149. A daily close above this level means marching towards new high, 10400.

Do not panic! Be bold enough to carry the CE and complete the first step of our Positional call!

Happy Trading!

EXPIRY TRADE 14/09/2017

The market movement was very much in line with our expectation, especially the dip in the afternoon as predicted happened precisely after 2.30 PM.

Both Nifty and BNF are still in buy mode and it is prudent to be long in this market. A dip of 50-100 points does not change the position of nifty.

As advised the positional holders are still holding the CE and added some more position using today's dip.

Tomorrow being expiry for BNF options, please  be watchful. Do not go long in this market unless BNF crosses 24880 and stays for more than 5 minutes then buy 25000 CE. Till then it is a wait and watch game in BNF.  24880 is a magic number and you will realize the power of this number tomorrow.

Hold your 10100/10200 CEs till expiry. with SL 47.50/21.80.

Happy Traing!

MARKET TREND 13/9/2017

The upward trend continued for the second day and both Nifty and BNF closed at a 5 week high. There are chances of Nifty future  surpassing the previous high of 10149 in the next one or two trading sessions.

The global factors are very much in favor of market and there are no negative sentiments to drag the market down.

As advised earlier 10100 CE has been performing well and trail with a SL at 75 tomorrow and look for more gains.

Nifty future Support 9975 Resistance 10149.

Bank Nifty Support 24485  Resistance  24880.

Tomorrow market could be positive in the first half but there could be a dip in the market after 1.30 PM. That could be used to enter in to long position in Nifty CE.

Happy Trading!!

Our Positional call holders enjoy like this!

 

BULL BRINGS CHEERS!

SEE THE  BULL CELEBRATIONS!!

MARKET TREND 12.09.2017

The Nifty and Bank Nifty rallied strongly and it was rightly observed on Friday in our posting that the fear factor is almost brushed off and ignored.

The outlook is positive and the rally is likely to continue for another 100 points in Nifty. Bank Nifty is well poised for a rally up to 25000+.

Immediate target for Nifty Future is 10165 and BNF is 24742 for this week expiry. After this rally one need to be careful.

Tip: Buy 10100 CE around 52-55 for a target of 85/99.

Happy Trading!

MARKET TREND 11.09.2017

The same story continues for the 5th day. Nifty is unable to sustain highs and slipping down to 9920 and closed at 9945. This week we see nifty future closing in a narrow range between 9975 to 9935. The weekly close is negative.  This means unless Nifty future crosses 10007, one cannot go long in nifty future and take call options. 

Similarly Bank Nifty made no attempt to break the last week high of 24528.  Nor it has breached the previous week low of 24083. The trading range for the week was 24200-500. Unless BNF closes above 24528 on a daily basis one cannot go long. Close below 24200 invites shorting  for an immediate target of 24083. If that is also  broken one can expect a low up to 23900. 

Please remember the above levels to take up trade  in futures or options.

Whether Kim factor is going to affect our market or not on Monday? The closing figures did not give any straight answer to the question. If you see Nifty future it has closed at 9946, exactly mid point of this week high and low ( 10009/9887).

Bank Nifty also closed at 24370 ( 24473/24197) roughly at mid point. 

The market direction is not indicated. The fear factor is more or less brushed aside or ignored.

One must wait for clear direction and cannot grasp in the dark.

Happy Trading!!

Today 23500 PE was a good trade which gave 25% returns. DO NOT COMPEL YOURSELF TO TRADE. TAKE TRADE WHEN IT APPEARS LIKE TODAY.

For Monday, we must wait for opening and clear direction.

MARKET TREND 08.09.2017

The expiry day could not see much fire works as the moves are muted due to lack of direction and cues, both global as well as domestic.

Nifty could not break the resistance of 9965 and bank nifty also unable to go beyond 24400. This indicates that unless nifty crosses 10,000  and BNF 24500, one cannot expect big targets till such a time.

On the lower side if 9875 is breached then it could lead to a serious fall. As far as BNF is concerned 24170 is a critical number and any breach will lead to 23850. 

Next week also Puts are likely to outperform. Better to aim at 23500 PE of Sep Expiry around 75-80 for good gains.

Happy Trading!

EXPIRY TRADE OPPORTUNITY

TODAY WE WILL GET OPTION TRADE WHICH WILL GIVE 100% RETURN.

WAIT.....

MARKET TREND 07-09-2017

Nifty futures danced to the tune of Dow Jones but after touching 9910 in the first 15 minutes, it was moving around 9915 for quite some time. As expected nifty took an up move and touched 9955 and closed around 9945 in the end.

The close and the negative sentiment was not much as anticipated in the morning.

Tomorrow being weekly expiry we can expect some limited move in Nifty as well as Bank Nifty.

If Nifty future is able to hold above 9966, we can expect a good rally unto 10010.

Bank Nifty should cross 24372 in 15 minute candle for a rally up to 24486.

Till the time Geo Political situation prevails, nifty is likely to trade between 9750-10018  range.  In case of war or no war situation, we can expect 9400 or 10200.

10100 CE has not reached SL of 36 and it  closed above 44. Exit at 55.75 and we can again find a better trade in PE if the market is ready for a big fall.

Happy Trading!

MARKET TREND 06.09.2017

Nifty future moved up in the afternoon as expected and closed at 9975.  Bank Nifty also closed very near to resistance level 24422.

If nifty and BNF are able to have a good gap up to surpass 9986 and 24422 then next hurdle is the high point of the new expiry, 10018. Once these hurdles are crossed one can have a sky walk up to 10100/120.

In all probability this weekly expiry should bring cheers to bulls by crossing the above critical levels. 

One must be alert in booking profit at the above levels are keep trailing SL order to ensure profit is booked.

If our market is able to cross the above numbers and inching towards previous high of 10150, do not hesitate to be long in this market. 

Tips: Buy 10100/10200 CE and make a minimum of 30-60% profit.

Happy Trading!

MARKET TREND 05.09.2017

Today the nifty drifted down in the afternoon as predicted in the post. Nifty and BNF slipped from critical level and closed 80 points negative over previous day.  

Nifty is still in buy mode and we can expect a positive trend till 10080/10110

Nifty likely open flat to mild positive tomorrow and there could be a sudden pull back to higher level by afternoon. That move  will be very swift and wipe off all shorts.

One must exercise care tomorrow and should not short the market.  

Nifty Resistance 9960/10002/10020/10050.  Support 9909/9875/9735.

Buy 10100 CE for good returns!

Happy Trading!

MARKET TREND 04-09-2017

If you look  for miracles  in Nifty movements it happens. 85+ points move in Nifty has kept it above the safe zone and looking to move towards the immediate target of 10080. This could be the halting  point and consolidation stage.  

Bank Nifty likely to disappoint as the major hurdle could be 24880 before it reaches 25300.

Nifty resistance  10080 Support 9965

bank Nifty Resistance 24518/670/880  Support 24370/350/300.

Nifty may start sideways move from Monday afternoon itself and be careful while taking long positions.

Happy Trading!

LEVELS FOR SEPTEMBER 2017

The Nifty future level - target 1  - 10080. If this sustains on a daily basis one can go long and the month target is 10400. But one must try to enter 10100 CE at current level 55-65 to gain good returns. Exit  from this trade when NF closes below 9925 on a daily basis. Keep your entry price as SL to avoid any loss on capital. Down side is 9575-9450 in the event of any negative cues.

Bank Nifty Future Target 1 - 25366. If Nifty is also well positioned BNF likely to cross 26000.  Stop loss for this trade is 24475. Bank nifty has to cross 24680 and 24880.   Downside is 23450/22850 if the market goes into correction mode.

With Geo political threat around, we must be cautious and try to avoid carry over of option position. 

The upside rally likely to continue till 10080 and may take a break. One cannot expect a vertical candle to clinch 10300-400 in 5 trading sessions. Remember,  the above are targets for September 2017.

Note down the above levels and take position accordingly.

Happy Trading!