TODAY CLOSE

If Nifty spot close above 10871,do exit from PEs. Just a word  of caution to all.. Take care

NIFTY TREND

The trend is up. A daily close above 10939 shall lead to 11050.  Any dip is buy.  Do  not  short the index. 

We have planned and executed our trade..  What about you??

NIFTY TREND

Nifty closed at 10860 signalling more up move in the offing.  A daily close above 10939 indicates tight grip of market by bulls. Bank Nifty has already confirmed up move. Be on the long side to enjoy rain of gains.

Nifty spot buy at CMP, SL 10750, Tr 11045.  Bank Nifty buy at 27100 SL 26965 Tr 27300. 

Good Luck.  Enjoy New Year's eve with a big bang!

NIFTY TREND

Nifty has entered in to buy mode and closed very near 10750 mark which is very crucial.  The global cues are positive and we do expect a close above 10800.  Since our market has not reacted too much when Dow was sliding down, one can expect  a tepid start and a slow and steady up move today.  

Do not short index or buy PE if  Nifty hovers below  10800 in the morning  session. It could be  short covering of futures and CEs.

Nifty  spot may close around 10912 and bank nifty spot  27197.

For  expiry trade, be on the long  side by taking  OTM CE of 3rd January 2019 expiry.  

Good Luck!

Nifty trend

Yesterday all my members could make entry at opening and made good gains. When all analysts said 11100-400, we took a decision as the charts confirmed sell.
Believe in yourself.
Now we wait for reversal.
yesterday's reversal was posted well in advance.
Good luck!!

NIFTY TREND

Nifty likely to be gap down as the correction is going  to wipe out weak investors who were hanging on  to OTM CEs.  

See my post on Monday signalling the correction.

I  have given a clear range in the beginning of the month  10699-11019.  This has worked  perfectly without any mistake. 

With just 4 days remaining for December expiry, next week is truncated  due to X-mas, one  must exercise extreme caution  while buying CEs. Because the sentiment in US market does not augur long  position.

Be short till 10752/768 and you can go long from this level on a daily close above this number.

Good Luck!!

NIFTY TREND

Nifty did opened gap down,  but the same story repeated. It was not  breaking 10800 to  initiate PE buying. 

Today's close indicates further momentum in nifty  which can take to 11020 as indicated in the beginning of the month.

Be long in this market till we reach 11020 if  Nifty spot holds 10967 on daily/ hourly candle.

Happy Trading!

TREND REVERSAL

The trend reversal should begin  from today.  Yesterday the formation was visible.  But   it is not prudent  to short Nifty when the closing was near day high and the low of  10844 was not breached yesterday.  

If  the  Nifty opens with a slight gap  up,   one can short CEs of 11000,  10900 and initiate PE buy ranging from 10800-650. This PE buy should give a decent return of 40-70% return. This strategy should hold good for next 2 days.

Dont be panic. This is a regular course of small correction to wipe out weaker traders who have entered CEs during the  last two days with  greedy intention to multiply their investment.  

GOOD LUCK!

NIFTY TREND

My previous posts have been very sharp on the December trend in Nifty. Had anyone followed my advise they would be sitting pretty on 10500 CE when the index roamed at low of  10400-440 on Tuesday.  

The trend is bullish.  Do not expect reversals in the next 2-3 sessions,  ofcourse there could be a halt by way of consolidation.

Watch out for trend reversal  in my blog when it happens...

Be long and be blessed with more gains!

Good Luck!

NIFTY TREND

The  election  mandate, resignation of  RBI Governor, fresh trade war and all negative news passed. As indicated earlier  that irrespective  of mandate,  market will move up, the index obeyed. Now any dip is  buy and you should not miss the bus.

Of course, there is a hurdle at 10593.  If nifty spot closes  above 10699 on a daily or weekly basis, then you can see  non-stop rally up to 11020.  

We have picked PEs, when the market was falling. And yesterday we have already initiated buying CEs. When you go by trend, you won't  miss  trade. 

I avoid frequent posts and give tips only when the nifty path  is clear.

Happy Trading!

DECEMBER SERIES - HOW IT LOOKS LIKE?

December series should be bullish irrespective of  the  outcome of election mandate.  

The trading range for nifty till 12th is broader, say from 10699 to 11019. For bank nifty it is 26700   to 27200.

At low grab CEs and at highs  grab  PEs till  11th.  There  after be cautious and be on the long side to  make handsome  gains.

You cannot get a better option strategy than the  above.  

Good Luck to everyone and be a winner. 

NIFTY TREND

I gave a very clear message on the expiry move.  Those went long after seeing nifty above 10775 must  have doubled. Bank nifty levels were also perfect and it was a day of rain of profits  to  all the members.  

December series have started with a positive note.  But be cautious  as the Volatility Index again has climbed up indicating high premiums on both CE and PE.

The trend could remain till the election results.

Recap of  previous expiry option trade:

For my members I have worked out 10500-700  CEs with entry, SL  and target  on 15th of  November and all  the options more than doubled. 

This month also already  suggested entry level for CEs and PEs. 

Remember for  taking out profits from market, money is  not important. Patience is the only key.

Happy Trading!!

Have you doubled?

I have given clear message to go  long on CE above 26000 on bank nifty for doubling.  If you have simply followed this  message,  you could have doubled your money by now.

Check my previous post.   Be technical. Don't be emotional.

Good Luck!

NIFTY TREND AND EXPIRY MOVE

As per  the earlier post, a  close above 10627 has taken nifty beyond 10700.  I have avoided frequent posts as the move was with in a specific range. 

I have also given strike  price of  10500-700 CE  with  entry price,  SL and Target to all my members and they all are enjoying the  move and doubled already.

Expiry Move:

If  nifty spot is able to  hold above 10775 for  more than an hour today, then the target should be 10800 +.   So be on the long side on expiry day.

Bank Nifty target 26676/925.

Wish you all good luck!

NIFTY TREND

The situation has not changed since my last post  here. Nifty is struggling to cross 10600 and hovering in a broad range between  10440-10650.  Only a decisive close above 10627( low  made on 17/10) will take the market up. 

Why 17/10 ?

That was the day BN made high during  October month.  So that  number is critical. BN has closed above 25915 today but nifty has not closed above 10627 which was the low made on 17/10.

Unless both the index meet  the technical  requirements, you cannot expect BN to  move up. 

Calls above 26000  likely to go worthless  while Puts below 25800 equally  be worthless.  A  cautious approach is needed in Bank Nifty trade today.   BN has  taken support 25800 twice yesterday. It may not breach this number today. 

Since you have  another half month and the BN  target is 26800, you cannot expect  any big move. 

Those who trade  in index future can go long on any dip. Those in Option trade must  wait  till mid of next week and accumulate month end CEs above 26200 to 26500 and hold till expiry for big gains which should go  more  than  double.

On any day Nifty close above  10627, go long  in  CE 300 points above 10600. You  are destined to double your investment for sure.

Take CEs above 26000 for next week if you want to be a winner. Don't be on the Put side.

Happy Trading!

NIFTY TREND

Nifty closed 68 points up on Muhurat trading day. It was an attempt  to keep the mood  positive on New year.  

The VIX is still above  18% which is not a comfortable  level  to  go long  in this market. Wait for a dip to enter into market.  10375 should be the level where you can go long with strict SL @ 10275.  Nifty monthly target 10800/11000. 

Bank Nifty is not likely to give up 25219 till  the end  of  this month expiry. BN  Target 26740.

Option  trade is advised for members on board.

Happy Trading!

NIFTY TREND

The index  showed high volatility as expected. The VIX shoot  up to 22.8%  during the day and finally cooled off to 19.% at  EOD.   Good rally  from 10105 to 10375 was  anticipated. Members were given the level of 10160 for a  gain of 25-30%.

Since the VIX  was high,  no carry over has been  suggested  and  only intra  day trade was suggested.  Those picked 10500/600 CE have booked  more than 30% profit  as the  entry was around 70 and exit above 100.

10400 -450 looks very crucial  and index may find it difficult to  sustain the level. Extreme caution is needed if any one goes long at this juncture.

Bank  Nifty weekly expiry can see maximum 25375 and on the lower side 24906.

Happy Trading!

NIFTY TREND..

Both Nifty and bank nifty obeyed the levels and closed above 10250/24925 yesterday.  Remember, if the first day of the week start with a bullish note, you may expect the trend to continue.  Trend reversal is seen in Nifty and BN yesterday when the upward rally started by 2 PM.  The bottom as of now is 10104.  

Points to note :

1.  Volatility index is high.  It has to cool down.

2. The CE premium is high.  For example 10500 CE premium is 111 when the index is at 10250. One must wait for premium to come down. You will find the premium shrinking even the market shoots up as the VIX will go against CE premium. No doubt I am in favor of market moving up.

3. There could be volatility till the time VIX gets cooled off. 

4.  Use dips to buy CE. DO NOT RUSH. You cannot pay 115 premium for OTM CE 10500 which is still 250 points far away from spot. 

ADVISE:  Go long in nifty and bank nifty for target 10475/25372.

Option trade is advised for members on board.

Happy Trading!!

NIFTY TREND

Nifty closed near month low on the expiry  day paving way for the November series to climb from the bottom formed  in October. 10249.6,  10138.6 and 10079.30 were the three bottom numbers formed in nifty  which could be considered  as a  positive divergence.   A minimum of 300-400 points bounce back can be expected from such  level.  

Bank Nifty has not broken 24250 bottom  formed till the expiry.

Nifty has to close above 10250 and BN above  24925 today to  initiate  fresh long in the market next week.

If  global cues help,  we can see nifty moving to 10450  and BN  to  25500.

Good Day!

NIFTY TREND

Nifty has tested 10102. I have posted that nifty will test 10111 level and look for  a bounce back.  Tomorrow could be very crucial for  nifty to hold today's bottom. 

NIFTY TREND

The first day of the week  again opened with a positive note but could  not last for a long time.  There  were  two attempts by bulls to take the market up. But could not succeed.  

If Nifty is able to take support  at 10180/140  then we can expect  a sharp bounce back.   Since the expiry is just two days  away, it is strongly advised not  to be aggressive in taking up positions. 

NIFTY TREND

Nifty took a U turn from 10710 and again touched 10249 and finally closed at 10303, marginally above 10300.  A bounce back is expected around 10111.

Bank Nifty also looks  weak. It wont be a surprise if it retest the recent  low of 24250.

Clue  for options trade.  One can hold on to PEs till the time nifty and BN  reaches  the above level. 

If today's gap down does  not give a  chance to  enter  into PE, then  one must  wait for reversal and be  on the Call side.  

ALERT:   Nowadays the gap  up and gap down in nifty is too risky that any one who writes  either CE or PE are in too much  risk  that the overnight position gets squared  off  in  no  time and they are left with no money to trade.  Always hedge your option writing.  

Suppose  you write 10500 CE of November then you buy equal quantity of 10700 CE. This will  protect  you from risk.  Trade with 25% of your capital. Do not invest 100%.

Happy Trading!

NIFTY - OPTIONS TRADE

The price action of  both PE and CE suggests  no change in trend and NO  TRADE is  suggested.

This applies to both Nifty and Bank Nifty.

Take care!!

NIFTY TREND

Bank Nifty and Nifty obeyed our levels posted yesterday.

Bank Nifty moved up to 25910 and unable to sustain the highs fell  gradually hour after hour till the end of the day and settled slightly above 25128.

We have not taken any CE or PE  and missed the jackpot as the steep fall from 25440 was not  expected. We did anticipate 25800 CE / PE  and 25700 PE  to do wonders. It did. This was predicted by me and informed to  all  members to focus on PEs after 1.30  PM.

Nifty  too  looked very weak when it  was breaking 10450, finally settled above 10450.  It has closed below 10492, which was last week high.  Now only a close above 10492 gives a further move.

Bank nifty too settled below  Friday high of 25484 and settled at 25188.

Watch these numbers to go long in  index as the bottom of  10138 and 24250  is intact.

Range for Friday trade : Nifty      10410-10526.   

                                        B Nifty  24906-25328

I  have given  exit from 11000 CE (November) to all the members and book profit. Entry was around 60-65 and exit above 90. High was 100. Assuming entry around 62 and  exit at 95,  ROI works out to 50%. 

I will give next 100% sure trade. Stay cool and calm. 

Trade with caution.   Obey the levels.  You will win.  

Happy  Trading!

NIFTY TREND

Nifty has closed above 10571. This augurs well for  the nifty. One can go long in future keeping SL at 10410 for a target 10708.

Bank Nifty has been outperforming and we can expect a move up to 25868/955 if 25645 is crossed on an hourly basis.

Good Day!

STOCK PICK - CAPF & CENTURY TEX

CAPF  has bottomed out and likely to continue to move towards north. An immediate target of  520/532  is inevitable keeping a SL at 475.

CENTURYTEX is on  gains  on a  weekly basis and  a close above 841.5 will take it to 878/920. Already in firm grip of  bulls after suffering 5 consecutive weekly lows.

Good  day!

REVIEW - SUNTV AND INFY

My pick SUNTV rocked yesterday with a good move when the hourly close was above  662. The technical level was obeyed.  My congrats to the members on board  who took futures  position and made handsome returns.

Similarly  INFY view was perfect and it never crossed 711.  It closed below 694. We expect  price movement much in line with what we have opined  yesterday.

Good  Day!!

MY VIEW - INFY

Today the results are going to be  out for IT major scrip INFY.  What is cooking in Nifty? Let's Analyze.

INFY has closed at 701, above  previous month low of 694.70. This is a very positive sign.

But the present close indicates cat on the wall situation.

If you look at previous week high and low (730-665) the present close is at 701 which is exactly the mid point of high and low. Since yesterday's close is above previous month low, the technical indicate some cheers in the  market.

Don't get biased on any scrip  based on your holding.  Do proper analysis. 

I advise going long with a strict SL of 694.70  for an immediate target  725.

Be ready to participate !!

STOCK PICK - SUNTV

Sun TV is showing recovery on  a weekly basis. A close above  661 confirms good move.

Go long in  this scrip with a strict  SL at 640.  Target 685-694.

Best of Luck

PS:

Yesterday we picked Granules, Raymond and CG Power.  All the three scrips gave good  move.

Let us hope SUN (TV) shines well today!

NIFTY TREND

Nifty has continued its northward journey and closed above 10500 and Bank   Nifty is under consolidation around 25300-400 level. 

As indicated the move could be in sideways due   to index is under consolidation and preparing for a next up move. 

DO NOT SHORT INDEX AND THE MARKET IS BUY ON DIPS  MODE.

TRADE

We have already initiated long in Options trade.  The strike price with BUY  price  STOP LOSS  and TARGETS are sent to members on board!!

Be first to  catch  the move.  No point regretting. You must have courage to trade.

Knowledge and courage both should go together. The combination of both pours profit.

TECHNICAL VIEW - COALNDIA & ZEE

The price action in Coal India  has been very aggressive since 8th October  2018. Now a  close above 283 should take the scrip up to 293.50.

Zee has been closing high for the past 4 days and  higher highs and lower lows. But it all looks like short covering  happening in this scrip.   Long or OTM CE can be initiated only on a  daily close  above 476.

Take care!!

PS : Anyone requiring suggestion on levels  for  any scrip can send me an email  so  that I will  be able  to answer the query.  narayanansrirangam@gmail.com

Please send  only one  scrip.  DO  NOT  SEND BIG LIST.  

NIFTY TREND

Yesterday I have posted about significance of 10482 which was last week high. Today Nifty could  touch this number but could not close above  this.    If nifty closes  above 10492 (Friday High) on hourly basis it will lead nifty to next level 10572/10603.

On bank nifty 25470 becomes  a  very critical resistance  and 24250  acts as strong  support.  

Friday  move of 250  points  is a relief rally. I has not closed above previous week high. It indicates sideways move on Monday.

For Nifty 10316/261 are critical  levels  and for Bank Nifty 24678/24240 are critical levels.

The gap is very wide and you cannot CEs  and  PEs to perform  or  you cannot expect market to go one sided. It should be a side way move.  

Keeep this in mind when you go  for  options trade during next week.

Happy trading!

NIFTY TREND

Wait for the index to show some positiveness. Exercise patience.

I advise no trade.  if Nifty is able to surpass 10392 you can have a better Monday opening. Else range bound.  Take care.

When nifty has dropped from 10930 to 10200 it means the under current is weak. Index is vulnerable. On a weekly basis it must show strength. For example first week high 11035 low 10261 close 10316.5. This week still we are below 10316.50. Again this week high 10482 low 10138 and close should be above 10316.50.

On a weekly basis, lower lows and lower highs are formed. Next week if you find nifty above 10482, then you are sure of up move. Till then we must watch market.

There is nothing called technical . We must wait for the right time.

ICICI - VIEW

The scrip  recovered from  its recent low of 296.50 and on a weekly basis it  has shown improvement, but on a daily close  it still shows turbulence. Better to avoid the scrip  till  the time on a week on week basis it gives positive outlook.

One should buy this scrip only if it closes  above 325 .90 on a daily close basis.

When the market is undergoing big correction,  any scrip which has closed above two week  high only can withstand and go  up. All scrips which do not meet  with this condition falls.

You can validate the above condition with the  scrips which are  positive today despite weak opening of index.

Learn  more.  Study more. Money will pour.

Good Luck!

TCS VIEW

As the quarterly results are likely in this week, the trend of  TCS looks weak. The price  action is negative. It may go down to  1970. One can try 20000  PE.   It closed at 61.95 today. It could  double tomorrow. One can try with a SL at 55 for big gain 100+.

MY VIEW

My view on Nifty remains bearish. If nifty breaks lower level of 10198, we may see 10081/10060 from where  one  can expect support.

Any bounce  back is just a  sell on  rise.  Be  alert.

Bank nifty has support at 24250, which has been the recent low formed  in this week. If that is  broken then we may see BN drifting down to 23906.

Clue for  trade:  Wait till 17th (next weekly expiry).  There are bright  chances of short covering  from 19th onward.   We will get a much  clearer picture when we are near third week  to  reasonably predict  the expiry numbers  of nifty and bank nifty. It is  too early as  the VIX is high.

NIFTY TREND

On a weekly trend Bank nifty is showing  some  positive sign,  but Nifty has not yet.

Today also Nifty opened positive but  remained range  bound  during the whole day and closed 50  points down.

Bank  Nifty also  lost  73  points and  closed at 24528.

Reversal  is not  yet visible. Only when the VIX  cools down to 16-15% level, we can expect up  move  in the index. Till then you will find high volatility and  high premiums on  options.

One can be assured of  a big move  - nifty 400 to  600  points and BN  1000-1500  points jump.  Better exercise patience and grab a good  opportunity.

Patience Pays!!

BE ALERT

One of the brokerage houses in  Chennai is not finding its customers to place orders on phone or online as the volatility in index has wiped out more than 50  Crores in their  clients' accounts. The money was wiped out on 21st September.  Till date the customers are not placing order.  The ground level situation is not  good.  

It will take  time for investors to  recover from this rude shock.  It has shattered the confidence  level.

It is better not to trade if you have not taken position in PE. Wait for reversal. It  will take minimum 15 days to have a  reversal trend due to nifty closing 5-6%  negative on weekly basis.

Trade with Care!  

REVIEW

Tata Elxsi was posted  yesterday with chart clearly showing buying should be done only above 1196.20. 

Respect the levels.  Now only a daily close above 1027 validates up  move.

Trade with utmost care.

NIFTY TREND

Nifty today formed  a  low of 10200 and it visited the area twice and after a  quick recovery it  closed at 10348.   All such moves are happening in the last 30-45 minutes. On Friday it was a downward movement in the last 30 minutes. 

Please bear  in mind that these moves are  beyond technical and  happening in NO TRADE ZONE. It is not advised to catch the moves. Nifty moving 150  points plus or minus in such a short duration means market is highly volatile and any bet on options is 100% risky. Avoid Options trade  till  such a time volatility reaches below 15%.

Nifty has too many  hurdles  and it is difficult to see positional trend reversal.

When trend reverses positional, you will find posting here.

Till then Good bye!!

STOCK OPTION

TATA ELXSI,QUARTERLY  RESULTS AWAITED IN THIS WEEK.  SCRIP IS SELL ON RISE TILL FRIDAY.  A CLOSE ABOVE 1196.20 WILL LEAD TO UP  MOVE.

NIFTY TREND

Nifty has opened gap  down on the third consecutive day, shedding 300 points as the RBI Policy failed to  impress  the market. BN has closed at 24443, below  24760. BN closed at 24759.6 on April 5, 2018.   Today's down  move has broken 5 month support level.

Now next important support levels are 24062 and 23657.  

Nifty looks more volatile than BN.  It has closed above the low made on April 5, which is 10253. If it breaches  10253, then major supports are at  10121  & 9976. Nifty likely to  take support at 9780.

We are almost reaching  the point where the bearish trend should find its end.  Nifty another 600 points  and BN 1000 points further down trend likely.

DO NOT LOOK FOR REVERSAL TILL THURSDAY!!

Note  these numbers and trade with caution!

NIFTY TREND

Nifty opened gap  down and the  day  ended with  a loss of 259 points and BNF down by 250 points. Nifty has overreacted to the  situation.  IOC,  BPCL  and  HINDPETRO tanked 20% apart from RIL 8%.

The worst is not  yet  over.   October month has  seen only 3 sessions and with in that index   has  lost 4.5%.  Looking at the scenario, market is likely  to touch 9700 level to complete the correction cycle.

Bank Nifty likely to touch  23600.

Members have been given the  perfect levels to make use  of the down trend.

Do not  go long in this  market. Any bounce back is just sell  on rise. Buy PE on rise and look for the above  numbers and make gains or wait for reversal.

Happy Trading!!

STOCK IDEA

Today   the picks are:

STRIKE  PRICE, BUY PRICE,  SL, TR  SENT TO  MEMBERS ON BOARD:

NIIT TECH, MINDTREE, UBL AND MCDOWELL-N

NIFTY TREND

On Monday Nifty Touched  10821 and from there we saw a  quick  recovery  and closed +70 points at the  end of the  day.  The low recorded on  Monday could be the weekly / monthly support level  for  nifty.  Shorts can  be created only if  nifty breaches 10820 on a daily close  basis.

Index has turned  green  after a  month  and  the up trend is likely tot remain for few sessions. Nifty is expected to touch 11139 and bank nifty 25500/700.

The  overall  bearish trend still remain intact. This  up move  is a temporary pull back.

Both    the index likely to have limited  move and remain direction less till RBI policy is out. 

Clue for trade. Pick  111000 CE around 100  SL 96 for quick doubling.

Happy Trading!

NIFTY TREND

Nifty Future has strong support at 11005  and BNF at 25228. Initiate PE only if  these levels  are broken for  intra  day trade  tomorrow.

For positional  trade one should wait for  nifty to break 10912/866  and BN 24678.

Do wait for trade.  Any gap up opening also  is getting sold and index is pulled down.

Allow the expiry to complete.  Wait for direction.

No trade till  then!

POSITIONAL TRADE

WE HAVE  IDENTIFIED POSITIONAL TRADE. WE RIDE ON  IT TILL  RELIEF  RALLY CONTINUES.

11300 CE  OCTOBER. KEEP TARGET  190  SL 93.50. 


GOOD LUCK!

NIFTY TREND

The trend is  reversed and you can call  it a relief  rally.    Nifty can bounce up to 11167 and BN till 26613.

The main  trend is still weak.

Do not get carried  away by the up  move. Take care
  

NIFTY TREND

Nifty could not cross 11170, the day high  made yesterday.  Now you have to watch the levels. The low made during the month is very critical. Any close below 10866 signals further downside for the  month of  October  and the correction may continue up to 10550/447. 

Bank Nifty likely to reach 23800, previous  low of 23605  on 23/3/2018  from where  reversal took place.

The above levels are positional trades and  not intra day. One can take the positions when nifty  and bank nifty gives a relief rally.

Next 3 days likely to be very crucial and the increased Volatility index  indicates high premium on  both CE and PE. Any  sudden drop in VIX will lead to complete erosion of premiums. Avoid trading  as these moves are meant  for  market makers who  play with huge  money.

Avoid buying PE as the  market is already showing oversold  situation.  If there  is a relief rally buy PE of October  and wait for  profits. Do  not buy CEs till such time the trend reverses.

HAPPY TRADING!

NIFTY EXPIRY WEEK MOVE

Watch Nifty levels as  per the chart below:

Nifty  opened gap  upon  Friday and around 1 Pm witnessed a heady fall to 10800 level and  a sharp bounce back to  11200 in few  minutes

Bank  nifty tanked  1500 points during intra day  and finally closed near 25600. 

No normal investor would have made money since the move was very fast. The previous week  low of 10866  is very critical not only for  this  week  but  for  the next month  also.  If 10866 is broken,  we may witness 10578  followed  by 10240/10100. 

Under these circumstances, it is strongly recommended to avoid aggressive position on either side.  Be cautious during next week.

The Banking  sector is likely to under perform along with  non banking  finance companies. 

Probably the  trend  could  continue  till Wednesday.

Expiry  could be  very interesting this  week and  it all   looks like  a sure casino  game  waiting for  us  on the expiry day.

Happy Trading!

NIFTY REVERSAL - CASHING THE OPPORTUNITY

When Nifty reversed from 11278, our focus was on 11500 CE which raised from the bottom level of 45 to 80.

My Congratulations to Mr Jayachandra Keerthi for  cashing the chance with 28 lots of 11500 CE at one go.

NIFTY TREND

Bank Nifty has hit the target of 26600 and took a reversal from there. Nifty has taken support at 11278 and  further downside is negated as the major component  has already hit target as per my previous post.  

From  11760 to  11260, nifty shed 500 points. Now retracing could be anywhere between 38 to 50%.   Whenever steep / quick   fall happens, it won't retrace to  62%  immediately. As  per the above, nifty likely to reach up to 11510 till month end expiry.

Bank  Nifty reversed from  28200 to  26600. Totally 1600 points. Assuming 50% reversal of 800 points, BN may reach  27400 till expiry.

Does not  sound logical??

Do not get carried away by gap up and gap down as these are  traps to grab your money.  

We have only 8 trading days, excluding today. Be careful. Down side may open only if 11278 is broken. Upside is possible if 11620 is surpassed.  Now the gap  is  11278-11620. Do not  gamble when the gap is too wide. 300+  points.

Avoid buying options,  instead sell CEs above 11600 and PEs below  11200.

INDEX IS  RAISING!!  NO SHORTS.   

NIFTY TREND

Nifty shed 300 points in 2 days to reach 11274. Bank Nifty down  by 600 points in two days. This has completely eroded all the CEs.

Nifty destination is 11150 and bank nifty 26600. 

Expiry trade: Keep focus on 26900 CE or 26700 PE,  which ever is available for  5.00 buy for multiple returns. SL should be 50%  of cost. Try maximum 5 lots  please. Do not bet all savings.

Good day!

BAJAJ AUTO & BHARTI ARTL

BAJAJ AUTO AND BHARTIARTL CALLS  ROCKED LAST WEEK...

BAJAJ AUTO  BUY AT 25 AND HIT ALL OUR TARGETS

BHARTI ARTL  BUY AT 4.75 TOO  GAVE  US THE BEST RETURNS

CIPLA, TITAN  AND HIND PETRO HIT SL  WITH MILD LOSSES.

WHAT IS IN STORE FOR  THIS  WEEK???

MEMBERS ON BOARD ALREADY HAVE THE TRADE RECOMMENDATIONS. 

WHEN  NIFTY AND BANK NIFTY SLEEPS, OUR STOCK PICK ROARS!!

WE DO NOT  INITIATE INTRA  DAY TRADE. WE TAKE POSITIONAL..

THAT   IS THE POWER OF PREDICTION..

WILL POST UPDATES ONCE OPTIONS HIT OUR TARGET!!

NIFTY TREND

The week witnessed a low of  11391 and a  sharp bounce towards 11600 and a weekly close 200 points above the  low.  Bank Nifty also shed more than 1000 points but recovered  350+ points only from the low of  27140.

Everything happened in the wink  of an  eye. 

Unless the index breaches  the last week lows, we cannot initiate short position. Similarly as long as index is below  11620/27772, we  cannot go long.

We are in no trade zone where  the direction is  undecided.  Better to be on the sidelines and  wait for the  right  time  to  enter.  

This  week  range for nifty and bank nifty is 11500-11650  and  27310-27660. 

A decisive close above the top band gives  way for initiating long  position in index and vice versa.

NIFTY TREND

Nifty recovered at 11391 as per my previous post. Of  course  Bank nifty overreacted and reached 27138.

The total fall is 1000 points in bank nifty and 360 in nifty.  A pull back rally is likely  on Thursday which will take nifty above 11500 levels.  Remember, the worst is not over yet.    Unless 11620 is crossed on a daily close basis, the trend is bearish. For bank  nifty the number is 28016.

Clue for expiry trade. Try 27500 CE around 15 -18 for multiple returns. Sl  50% and Tr 100+.

Best of Luck!

NIFTY TREND

Nifty today  closed 98 points below Friday close and that too on the  first trading day in  September and  on the first  day of  the week.  All these above  points are  valid for us  to conclude that 11760 is the top level for the next few  months. Nifty  is  almost 5-6%  above previous high to initiate correction ( 11185-11760).  The rally started from June 29th has ended on August 31.

For nifty down side target for September is 11391/11300. It is just 460  points down from  11760. Still more to come. 

Ye Dhil Maange More!!!!

Bank  nifty also pared all gains  and closed near 27800.  Next immediate target for bank nifty is 27650/27500. It is likely  to reach 27327 from where it started its journey in August.  

Don't be long  in this market.  Nifty wont recover throughout this month. 

EXPIRY TRADE

    Keep an eye on 11650 PE and  28000 PE.

NIFTY TREND

Today Nifty  never shown any recovery except for an hour between 2PM to 3PM. Again at 3 PM  it was dragged below 11700 and closed at 11691.90.   On expiry day nifty has to hold above 11663 to move above 11700. If 11663  is broken on an hourly basis, it would be a close below 11575-550.

Bank Nifty has never stayed above 28322 as mentioned in my earlier post. Good  news is that it has not broken  the  low of previous  day.

Option strategy for expiry  trade sent  to  members on board...

NIFTY TREND

The day opened with a gap up, but  immediately the  index went in to correction mode.But by the end of  the day  it retained all  the gains and  closed near the opening price. The momentum  is  slow but bulls  are likely to see nifty  above 11810 in this  expiry.

If you see nifty above 11777 and stays above for an hour, you can take 11800 CE which will  give multiple returns. 

Bank Nifty must stay above 28322 or an hour or on a daily close basis, to clinch new high.  Target for BN spot is 28550/725/903, of  which 28725 sounds reasonable  and  logical.  Bank Nifty uptrend is likely as the key player HDFC Bank is all set  to touch 2150.  If HDFC Bank contributes  400 points  and other banks  put together give 100-150 points,  BN  should easily surpass 28769 from yesterday close. Hence 28725 sounds logical to  me.

Best  of  Luck!!

NIFTY TREND

The trend remains UP.... We Love you NIFTY...



GO WITH THE TREND!!

NIFTY SPOT  TARGET                11810
BANK NIFTY SPOT TARGET     28800

ALL BEARS ARE IN COMA... LYING  IN AIIMS.

STOCK OPTIONS

Yesterday our  picks PEL and RBL  Bank rocked.

Our  picks for today ???

Watch PIDILITIND and  Wipro  and LICHSGFIN

Buy or Sell?

Already Options trade recommended to members on board..

Good Day!

STOCK OPTIONS

Last week  all  our  picks rocked.  Grasim, GAIL, Lupin, Sunpharma, NTPC   and CIPLA.

The gain was substantial.  This week we have identified 5 scrips which will give good returns.

Focus on OMC scrips.as Short covering in these scrips could witness a sharp reversal.

Options pick buy, SL and  targets for members  on board.

NIFTY TREND

After having touched 11620, nifty has  retraced 11533 in this week. Though the  daily candle suggests a down trend  the weekly bullish trend remains intact.

We must wait  for  a clear direction during the next week. The expiry moves  and tight grip  by bulls  keep the nifty forming higher tops and higher lows  day  after day.  Unless a weekly confirmation  emerges on reversal,  there is nothing negative about  this marketl

Bank Nifty has been reversing at 27779/27782 levels for  the past two  weeks. Assuming  27780 remains a good  support then we can expect  fire works in bank nifty. If 27780 is broken on Monday,  then Nifty may not be able to gain substantially.  Taking support  from few  scrips  by way of short covering could  be the only option for  nifty to keep floating around 11550.

To   summarize, up move  is limited. Also no major down side.  The  trend is neutral. 

Wait  till next Friday and  once the direction is  confirmed we can sit  on CE or PE.

Watch my blog  on Friday Morning next week. 

Till then ..  Good bye!!

STOCK MARKET - DOs AND DONTs

When you are in to investing in stock market your first investment is PATIENCE. Money is secondary. 

Secondly you must acquire technical  knowledge on stock movements, price action and volumes. Without this you will land into trouble. Go with the trend and never be against it. If you do not participate in a bull run or bear trend, it is OK. But if you are 180 degrees opposite to market direction, then you will land into serious trouble.

Thirdly after investment, you must keep track of the prices and book profits as per technical levels and exit if the  stock is hit by bad news  Eg: PNB.

Finally, you must always keep SL and trade under any circumstances; otherwise you run the risk of losing capital. 

Before making investment think twice, thrice and do not chase any stock just because you have missed the rally. This is a wrong  way of picking trade which will put you in all difficulties.

My members do  not  grudge for not picking trade. They take positional trades and sell with profit when everyone wants to buy.

Make stock trading and your investment a trouble free affair and be happy with mild profits.

Never carry options and futures without hedging it. 

Options are often misunderstood as lottery. Actually it is a hedging tool against Future contracts.

Do not hesitate to mail me in case you have trouble. 

narayanansrirangam@gmail.com

STOCK OPTIONS IN WATCH LIST

We shift our focus to specific scrips as the Index may dance and erode premium.

Our focus is on Pharma, Power and FMCG this week.

Last week we captured GRASIM, CIPLA, LUPIN and SUNPHARMA.

This week we have handful of picks. You will get posting on the returns made by our clients.

Still GAIL is in hit list. Refer my previous  posts.

Happy Trading!!

NIFTY TREND

Already posted that PEs are in non performing list. Status-quo remains same. Both  the index are in buy. Do not short the index and buy PEs.

LUPIN AND GAIL

KEEP THESE TWO SCRIPS IN WATCH LIST.

SEE THE PRICE ACTION.

OPTION TRADE SUGGESTED TO MEMBERS ON BOARD

NIFTY TREND

Nifty had fallen 140 points from the top 11495. But the PEs still has not moved above buy level. This was due to the best ever rally   we had in nifty during the first week of August '18.

The trend is neither in favor of bull nor bears.

NIFTY TREND

Last week nifty formed a low of 11235 on weekly expiry day, forming a bearish  belt. But it opened with a gap up on Friday  to close yet again a new high created during this week, 11390.

It is advised to remain extremely cautious as profit booking at higher levels are likely during the first two days of the week.

Nifty is likely to be bullish and the trend is up. If 11429 is crossed on a daily close basis, then next destination is 11600+. Bank Nifty will witness 28592. 

Do not Short this market. 

Since this month is very long and the expiry is on the penultimate day of the month, we can witness high volatility. But it is prudent to be on the long side as long as Index does not fall in sell zone - 11222 and below.

Happy Trading!!!

NIFTY TREND

Nifty and bank nifty - both are in the breakout mode. Any dip is a buy. One can expect a minimum of 11450-550 in nifty and 28100-28350  in bank nifty during the next week.

Do not expect any big correction and do not be in short side if you  do not believe in this bull run. As long as S&P index has not crossed 2872 ( previous high) our market wont come down. It is just 40 points away from ATH. August month is likely to set record high globally for all indices.

Our members have already taken 11300 CE on expiry day at bottom and holding it till we meet our target.

Refer my previous postings where I have clearly mentioned break out in BN to happen once it crosses 27164.    Had you followed the blog, you would not have missed the rally in bank nifty.

Any way, for good profits, hang on to 280000 CE month end expiry around 200-220 for target of 500+ with SL at 194.

EXPIRY TREND

This expiry could be anywhere between 11060-11100. Since Bank Nifty has no inclination to cross 27165, we cannot expect any big move. Of course, it may move in the north direction immediately after expiry.

It is advised to trade with extreme caution during the next two sessions. 

Take care!!

NIFTY TREND

All my followers are in jubilant mood. We have made 30%  on carry over option in the morning and in the afternoon the dip in nifty helped in picking CE at the best rate and again got a nice exit at 11140. It was a day when money was pouring like rain.

We go by our levels which are very accurate. 

Nifty and bank nifty -both are in buy mode.  One can expect a modest close in this expiry and fire works may continue after expiry also. 

Now we do not keep any position. Any further trade only when Nifty crosses 11167.

Happy Trading!!

NIFTY TREND

There could have been much disbelief among the investors about nifty movement. But at last our index is going  to guide US market to surpass thee previous high. We may see S&P surging ahead towards 2872 which was the previous high. Nasdaq has already surpassed the ATH recently. 

This is just a comparison to see whether our index is at par with US market. For all practical purposes Nifty takes cues from itself and is independent from other index. It is not  necessary for our market to follow the other markets.

The stellar I quarter performance of large caps, good monsoon, slash in GST paves way for further lift in the index before expiry. 

What to expect with in this expiry:

Nifty can reach 11225 surpassing the previous high of 11171. Anything above is a bonus for the investors.

Bank nifty can reach 27350. This is possible if the spot closes above 27150 on hourly basis.

Happy Trading!!

NIFTY TREND

Nifty closed today above 11000, renewing its interest to surpass ATH. Last week was a consolidation week where 10925 level was tested. Technically nifty is already in bullish mode, a daily close above 11060 should take nifty near 11200.

Bank nifty has closed 93 points below previous week.   Once 27165 is taken out in Spot, one can see big jump in bank nifty. Wait for this level to be broken on hourly or daily basis.

Keep a minimum target in nifty 200 points from 11010 and 27420 on Bank nifty given the fulfillment of above conditions.

Our members are already long in Nifty options call with one more doubling in the last week. Remember we have already made more than 200% in 10700 CE. Trade for July already closed. We try jackpot on 26th risking a small amount.

We do not trade everyday and we look for doubling trades only. All my members are now technically sound to decide whether to enter into trade or not on any given day. They learn while they earn.

My best wishes to all new entrants for a very new beginning in their trading style and perfect TEN Trades to grow rich with a small investment.

Do reach me on narayanansrirangam@gmail.com for August entry.

Happy Trading!!

NIFTY TREND

Nifty takes support at 10929 and face stiff resistance above 11070.  The range is 10925-11060.  Unless any one of these numbers is broken, there is no big move. 

Having reached 11078, just 100 points from ATH, is there any chance of making new high before this expiry?

It is possible only if nifty stays above 11060 on a daily close basis.

Bank nifty on the other hand is also facing  stiff resistance at 27165. Support seen at 26689.  

Keep watching for these numbers and make use of the above levels when you find them on daily close basis.

Happy trading!

PATIENCE

members: Please wait for trade. Those who are holding can exit and book profit

ATTENTION - MEMBERS

My phone is given for servicing. Please hold on to long with previous close as SL.

NIFTY TREND

Nifty and Bank nifty both ready for another bull run. It took support near 10929. See my previous  post to confirm the same  number  posted as a strong support.

Now the next level to watch in nifty is 11076. Only if it crosses this number, new  ATH is possible. One cannot rule out 11225 if this number is crossed in this week.

Bank nifty has crossed 27k and we can expect 27375.

My followers are again long in CE yesterday and they have positioned at a 11.30 AM when the market was reversing. They are holding the CE till expiry for big gains.

Remember, this month we have been long right from day one and all have doubled the investment twice.

I can take new members only during August I week as I focus on members batch by batch. Do reach me on narayanansrirangam@gmail.com

As  committed, I have been giving doubling trades. It is for the investor to make best use of the advises and multiplying the money. 

Happy Trading.

THANK YOU

My best wishes to all new entrants in this week who are ready for a new beginning and limited trade in a month.
The membership group for July is almost full.
Good luck.
I will invite new members only by next month.

New Members Invited

In order to make the small investors aware of the levels and teach them technical and pick only profitable trade, I would request those who suffered losses to make best use of our technical levels and good trades. You can recover all your losses in a year if you follow disciplined trade.

Make a new beginning and try out .    Most of the losses are arising due to ignorance of levels. 

Think ... Decide  and Act...

Ultimately it is your decision to get in to disciplined trade that will make your life happy...

Do mail me  at narayanansrirangam@gmail.com

NIFTY CHART

Nifty could see a new high as break-out is clearly visible in the chart. I do not assume anything. But technically what it shows is a further upward momentum in Nifty.

See and believe...

NIFTY VIEW

Nifty has reached a stage similar to December weekly close.
If it touches 11400 by this expiry it is not a big surprise..
My followers are big winners as I have recommended 10700 ce from July 1st.
They are more than double now and holding with sl at 10976 for big gains.

Do not miss good trades. Make profit as you start with small capital.
Do try out with my powerful technical and guidance.
Do mail me at
narayanansrirangam@gmail.com
Be a winner. Don't worry about market direction, inflation, trade war bla bla bla...
Bullish or bearish... Be trendish..

Double and Quit

We have already identified the up move and long on Nifty 10700CE and doubled our amount. Entry at 121 & exit today morning above 250.
Now we wait for any dip to enter.
Our members follow disciplined trade.
Are you missing such trades?
Do mail me at
narayanansrirangam@gmail.com

Nifty trend

Today nifty surpassed 10851 thereby making it clear that this market belongs to bulls.
Next target is 10929 & there after new ATH. Bank nifty has crossed 26744 and next move is 27k + in July.
Do not short this market and do not buy Puts and be with the trend.
Happy trading!!

NIFTY TREND

As such the nifty and bank nifty - both  are in buy mode. But if Nifty spot is able to surpass 10828 on an hourly basis, we can see upside move.  Any close below 10745 will see nifty melting down towards 10640/537.

Bank Nifty Spot is shying away from crossing 26577.  Watch out for 26410. If BN Spot close below this on hourly basis, then it can lead to 26250/160.

Do not try to predict market and go by these levels if you want to be a winner. 

Happy Trading!!

Beware! Next week your trading track will be bumpy!!