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!

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!!

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. 

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!

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!

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!

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!

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!

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!

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!!

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!

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.

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!

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!!

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!

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.

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!!

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!!

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!

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.

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!