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!!

MARKET TREND 13/10/2017

Today market did  a smart recovery to climb the week high.  Bank Nifty supported the move and everything went on well.

24300 CE trade call around 3.50 rocked and hit target 35.00 That was a jackpot call.

Today's up  move confirms the bullish trend of Nifty and next week we my see rally towards previous high in  a slow and steady manner.

The quarterly results of key corporate will decide the trend.

Nifty future levels : Resistance 10142/10188  Support: 10017/ 9969

BNF Support : Resistance 24478-602  Support 24374/156

Happy Trading!!











Wednesday 11 October 2017

MARKET TREND 12/10/2017

Market witnessed gap up and as advised all  my followers booked profit when NF was trading between 10070-80. High made was 10084. 

Afternoon market tumbled down to our number 9969 and bounced back. It looks the intermediate correction is done with. But point of worry is Bank Nifty which is still not confirming the upward trend. It has not crossed 24480 indicated in my post yesterday.

Wait for NF to cross 10017 to go long. Also BNF should cross 24270 to be in a safe zone.  Till then do not try to trade.

Nifty and Bank nifty levels remain the same as per previous posting.

Wait for next trade!





Tuesday 10 October 2017

MARKET TREND 11/10/2017

Nifty future made marginal gain today and closed at  10036. bank Nifty Future closed above 24360. Now next hurdle for BNF is 24480. You can expect fire work after this number is crossed. That is called break out number. 

I have not been optimistic about the last two days and it has happened exactly. Now I repeat again that tomorrow is the day which belong to bulls who have been waiting for a good rally to book profits. 

Do not expect any big wonder on Expiry day as tomorrow is the best day to get rid of CEs. Better to be with cash during Diwali week as Diwali normally disappoints ordinary investors. Be ALERT.

Nifty  Future Levels : Support 10023/10000/99883/69  Resistance 10048/10099/10148/10240

Bank Nifty Future Support 24264/174/   Resistance : 24400/480/540.

If everything goes well we may see Nifty future touching 10240 and BNF 25250 before Diwali.

Best of Luck!

Monday 9 October 2017

How to predict this week trend and break out

This is just an information for those who are new to trading. Most of the daily traders must be aware of this basic information:

How to predict the break out or break down of Nifty / Bank Nifty or any scrip?

Note down the previous week high and low.  See the price where it is trading during this week.  If  it breaks the previous week high, then you can go long. If it breaches previous week low you can go short. This helps you to avoid wrong trades and take quick decisions in time.

For example I have noted  down the previous week high low of Nifty, Bank Nifty and HDFC Bank.

                                                       High           Low               CMP on 09.10.17   

Nifty Future                                 10017.8       9838.2                     10020
Bank Nifty Future                        24580.0     24003.0                     24306
HFC Bank                                       1813          1789                         1796

You may observe that Nifty future is all set to move high where as BNF is still in the mid point of previous high and low. If you apply Fibonacci calculator then 61.80% of 577 ( 24580-24003) must be crossed to confirm the bullishness. 24003+356= 24360.

The major bank which is deciding the trend of BNF is also trading in the mid of high and low. This is the reason for sluggish moves in BNF and Nifty yesterday.

Use this simple tool to know the trend. 

Learning is Knowledge and knowledge is power.

MARKET TREND 10/10/2017

Nifty ended with a marginal positive bias at 10020. Bank Nifty future crossed 24258 and closed above 24300. It is a good sign that Nifty can gallop if Bank Nifty starts moving fast towards its first target of 24480.

All technical show up trend. No question of disbelief. If Nifty and BNF trades low tomorrow, go in for Call Option irrespective of what ever reason it comes down. Because Wednesday and Thursday will reward bulls. 

Our members are already clear and they have positional trades!  Now waiting for the price to  sell CEs.

Catch BNF if you can!!

Sunday 8 October 2017

NIFTY FUTURE ... HOW FAR?

How far this rally will take Nifty Future?

See Chart below:


Next level for Nifty future is 10095 and 10142.

Stop Loss at 9965.  It looks simple. Any dip is a buy of Call Option.   Right Strike price and buy price posted to our members. Please check whatsap message.

Only KIM Factor is a matter of worry.

But it looks our market is ready for a good  move till 10142 before Diwali! Kim's bomb will be  treated as Diwali Dhamaka in our market!


Saturday 7 October 2017

GEO POLITICAL SITUATION!

A Russian lawmaker who just returned from a visit to Pyongyang has said North Korea is preparing to launch another missile "in the nearest future".
Anton Morozov, of the nationalist Liberal-Democratic Party, added that he has seen calculations showing the missile can hit the US West Coast, the Daily Mail reports.
Morozov also said the North Koreans told him they have technology that would allow them to bring a warhead back down to earth intact.
The Party Foundation Anniversary, in which North Koreans celebrate the founding of their ruling communist party, is due to take place on Tuesday next week.
Monday is also Columbus Day in the US, meaning any potential launch would be very likely to happen on either of those two days.
Kim Jong Un usually times missile tests to coincide with American public holidays to ensure maximum media coverage.
The last major test conducted on a public holiday was a missile launch on the 4th of July, which Kim said was "a gift for the American bastards".
The news comes after President Trump discussed the North Korean situation with military leaders on Thursday, describing the moment as "the calm before the storm".
When quizzed by reporters about what he meant, Trump said: "You'll find out".
The news also comes after Kim threatened to tame Donald Trump "with fire" after the President threatened to "totally destroy" North Korea in a speech to the UN.
Kim was said to have reviewed the plans but decided not to attack.
Few international observers believe the North would actually attack the US or an allied country because there is no possibility it could win a war with America.
But Ri Yong Ho, North Korea's Foreign Minister, raised another prospect - that the hermit nation could land a warhead in the Pacific Ocean.
Such a demonstration would prove that they have a viable nuclear weapon, without necessarily prompting American military action.
Kim believes securing such a weapon, and proving to the international community that it works, is the key to ensuring his regime's survival.
Most experts agree that the North already has a missile capable of ranging most of the US, the Hwasong-14, which they have successfully tested multiple times.
Kim has also claimed to have a powerful hydrogen bomb that is small enough to fit on top of the missile, after the state carried out a sixth successful nuclear test earlier this year.
The final hurdle is in perfecting re-entry technology that would bring the warhead back to earth intact and on target.
It is not believed the North currently possesses this technology, as re-entry vehicles from previous Hwasong-14 tests were shown falling back into the ocean in flames.

ALERT

Our Members who are in paid services have been given the levels and rates for entering in to trade in Bank Nifty Options. Go with levels and make decent  returns!

For others, enough technical knowledge has been shared in this blog and a clear direction is given. Nothing is hidden and this blog is a open book where greed is always over come by good deed!!!!
Amen!!

MARKET TREND 09/10/2017

Nifty Future traded above our number 9969 for more than 3 hours and the trade was in a very narrow range before it makes a big jump to end at 10117 -  a gain of more than 30 points - in less than 10 minutes.  Will it hold the gains on Monday? Answer is YES. 

But Bank Nifty Future did not support the last minute move. Still 24258 is not broken to climb high. The close was at 24228.  

In all probability BNF also must follow Nifty future. Will it happen? 

We must wait and watch the movement. 

Nifty Future Support : 9982/9892/9788  Resistance: 10099/10116/10188
BN    Future Support : 24183/24025/     Resistance : 24458/480/707/880

ALERT: Unless a Geo- Political situation arises, our market is not likely to give up the gains and it is prudent to be long in the market. Go with proper stop loss to protect from any unprecedented fall as market looks tricky.  Monday afternoon to Tues day will be a testing time for both bulls and bears as the trend will be in suspension. The Nifty range could be 9980-10040.

My verdict for Wednesday and Thursday market move is reserved as  I will share it on Tuesday evening.

Happy Trading!

The mind  set of PUT Holders after Nifty Blast during the last 15 minutes trade on Friday is below:





WATCH 25500PE

To know the right time to enter Bank Nifty Option, see the chart  below:


If it closes below 1201 in 15 minutes candle, BNF will go  up. If it closes above 1400 BNF is weak.

Learning is Power!

Go by technical and you will never fail in your trade!

For members, already posted the buy levels for BN Options..

Happy Trading!



Thursday 5 October 2017

MARKET TREND 06/10/2017

Today 24500 CE 12/10/17 expiry suggested at 25.75 gave 30% return as it touched 32/ after hitting our buy price. 

As indicated, market could not move up. Tomorrow could be a day of cheers  where we can find CEs moving up. Please exercise caution and do not fall in to the trap as market is likely to go in for a small dip next week before it makes an impulsive move.

Unless 9969 is not broken on the upper side, CEs wont be worthy to buy. Similarly BNF must close above 24458 in 5  minutes candle to climb high.  Watch these levels. Till then no Long please.

As my earlier posting, CEs will be in buy mode by mid of next week. 

Wednesday 4 October 2017

MARKET TREND 05//10/2017

The much awaited RBI Policy failed to give direction to BNF and it almost ended flat where as Nifty ended up with a substantial gain and closed very near to 9950.  

Bank Nifty has to catch up 24480 so that both the indexes synchronize to move towards all time high. 

Most probably this could happen only during next week and consolidation around 9900-9950 is expected during this week. This Friday could decide the direction of the market.

Market looks quite tricky and you must exercise patience as the next 3 to 4 sessions could be sideways by way of  consolidation at 9900-50 levels.

Do not short Nifty or Bank Nifty as the dip means short covering by heavy weights.

Dec 10000  PE confirms market heading towards 10000.

Ferdinand run john cena bull charge GIF











Tuesday 3 October 2017

MARKET TREND 04/10/2017

Today Nifty future and Bank Nifty future opened with a gap up but in few minutes started shedding the gains. But both managed to retain the gains.  The trading session during the day was very narrow not giving any opportunity for option writers  to make money.

Those looking for positional trade in Nifty Future and BNF must wait for 9982/24480 to cross on a daily basis for target of 10480/25975 respectively.

Intra Day levels

                                Support                          Resistance

Nifty                  9863/9805/9788                  9881/ 9910
Bank Nifty        24063/23945/938             24219/267/344

For Option Trade: Puts have already slipped from Buy mode. Calls are coming up and  it will take 3-4 trading sessions for CEs to shine. Puts have to form a new bottom before CE goes into buy mode. This is a no trend zone.

Happy Trading.

Monday 2 October 2017

MARKET TREND 03/10/2017

Nifty and Bank Nifty played hide and seek  game on Friday and closed low shedding all gains made during the day.

Market has recently tested the low and for  the time being low levels need not be revisited by Nifty.

Nifty looks like heading for a journey towards northward direction.

Nifty Future Support 9716. A close above 9873 signifies beginning of  rally  towards 9950/10100/250.

Bank Nifty Support seen at 23890  and a close above 24330 means rally towards 24480/750/980.

Do not short Nifty / BNF unless you  see them below support levels.

Balance your position and take cues from above and do not lose balance. Learn from Parrot, the art of balancing!