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.

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!!!

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!

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 !!

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!

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!

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!!

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!

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!

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..

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!

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!

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. 

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…)

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!

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!

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!!

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!!

  

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. 

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.  

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.

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.