UNION BUDGET 2018

The Nifty and Bank nifty may have minimum and maximum levels as below:

Nifty futures likely bottom : 10918  Likely Top 11188 - 270 points move.

Bank Nifty futures likely bottom  27048  Likely Top 27848 - 800 points move.

BNF CE 28000 and  above and PEs below 27000 are sure to perish.

As per observation, index is likely make 11000 as strong  base  and try to move forward.   So better to go for CEs when you see the bottom as indicated above and exit when it hits top level. If the close is below 11000, it indicates down trend.

Strike prices and buy prices are sent to members on board.

NIFTY TREND

The beginning of the week witnessed a wild move on the upper side and nifty futures kissed 10167. But it tumbled down, unable to sustain the new high. 

Many Experts have said Nifty was not showing any weakness and highly bullish bla ...bla... 

But no one knows the real reason for  a fall of 100 points from high. But the technical charts have already revealed the hairline crack happened in the index.

If   Nifty futures does not go beyond 11114/11167 in this week, one can conclude that the journey towards north is almost over.  

Lot of investors have short CEs and still waiting for dip must hold their position and square off when nifty futures reaches 10918/10883. 

Wait for my Budget day levels which I will post today. That will be a special posting with most accurate possible index movements - both nifty and bank nifty - on higher side and lower side. Minimum / maximum intra day move of both indices, will be provided.

One can take that as a  bench mark and go in to trade. 

Options picks will be sent to members before  hand for a good catch.

HOW TO TRADE NEXT DAYS

Follow the rules

1.  Do not buy PE  or CE as the premium is sky high
2. Buy CE or PE only when it moves above previous week high
3. Do not break the Rule 2. That will be the biggest blunder.

ITC - MY VIEW

This scrip has moved from bottom and there is a clear consolidation going on for the past 3 weeks. All shorts since the beginning of the month will not get any relief from ITC. Next target 290.80. But keep strict SL 278.35 and aim for target.

It was bottomed out on 5/1/18 and closed above support line 263.

Target sent to members for exit at right time. 

YOU CAN !!!

Instead of getting advise from experts, listening to white collar, coat suit technical samrats,  you can believe in yourself and study the numbers thoroughly to pinpoint the moves of index on budget day.

Take cue from  past big event,  India Election results on May 2014 or US election on November 2016. Study the movement of nifty and bank nifty on those days.  This will be an eye opener to predict the intra day move of  index on budget day.

The index moves are similar and follows previous pattern.  HISTORY REPEATS!!

I have given the key for opening the door of palace to SUCCESS and WEALTH. 

It is for you to catch & cash   the move.

Do home work. Trading without home work is sending arrow without fixing or knowing the target.

MARUTI

See Maruti Chart.

We initiated short when it breached top white line and covered at bottom blue line.

Now no more short. The scrip will give relief rally.

You must see to believe.  Our  congrats to those positional traders who made decent profit.

VIEW ON BUDGET

The expectation on market movement on Budget day is very high. How much will be the intra day movement in Nifty and bank nifty?

Watch  out for strategy for making profits on budget day! 

I will post levels where NF and BNF will take support and resist on event day.

Strategy with strike price on NF and BNF will be sent to members on Wednesday.

Till  then we will not trade.  When you want to catch big fish,  you must ignore small fishes.

NIFTY TREND

The trend of Nifty future and Bank Nifty are on the upward direction. Still in Buy mode. No Shorting of index.

Have undisturbed sleep and happy week end.

Happy Republic Day Wishes to all my followers!

BNF ALL TARGET MET

Bank Nifty futures has completed all its targets. Only above 27480 BNF is buy.

See my chart to believe:

RELIANCE

AFTER RELIANCE RALLIED FROM 921 TO 982, IF SOME ONE WANTS TO SHORT THIS SCRIP,  THINK TWICE BEFORE THAT. SEE THE CHART. POWER OF TECHNICAL.

ANY TIME IT WILL HIT MY TOP YELLOW LINE. DETAIL SENT TO MEMBERS

MARKET TREND

Trend remain intact.

This bullish trend likely to take market to 11450-11600.

BNF likely to clinch 28500.

Those who missed January rally may try this.

Believe in numbers.  This is bull market. Early you realize, better for you. Better late than  NEVER.

ONGC

ONGC HIT TARGET...

207.20

ENJOY!!!

NIFTY TREND

 BANK NIFTY HAS HIT MY TARGET 27035.

NIFTY IS LAGGING BEHIND BY 60 POINTS. WE SHOULD ACHIEVE BEFORE THIS MONTH EXPIRY.

THOSE FOLLOWED TECHNICAL MADE MONEY. THOSE WAITING FOR CORRECTION ARE STILL WAITING.

BE BOLD ENOUGH TO TAKE TRADE. YOU DON'T HAVE TO TAME BULLS. GET ALONG WITH BULLS.

DRREDDY

We planned to short DRR near 2539.20.
It came up to 2525 and fell

Just missed

Next ONGC in our list

DRREDDY

SCRIP IS READY.....ARE YOU READY!

REDDY IS GOING TO ROCK...

ADANI PORTS ROCKED

ADANI PORTS HIT MY TARGET  438.55

STILL HUNGRY .......HA HA...

ICICI BANK

see my chart on icicci bank. It has been consolidating below our critical yellow level for more than 10 days. Once it has crossed our yellow level and reached red upward journey has started. After crossing our red level it has never closed below our red level. It is a clear break out. It has moved from 325 to 355. one side journey. 

ADANI PORTS

SEE ADANI PORTS ...

LEVELS WITH TARGET AND SL SENT TO MEMBERS!

POWER OF CHART WHICH DISPLAYS NOT NUMBERS, BUT YOUR OPPORTUNITIES IN MARKET!

WATCH OUT

ALERT NUMBERS

BNF  26850

NF 10875




DO NOT UNDERESTIMATE MUSCLE POWER OF HERCULES!

NEXT WHAT?

ALERT

NIFTY NEXT TARGET 11050
BANK NIFTY                 27050

THIS IS WHAT CHART SAYS!

THOSE WHO HAVE THE TOOL  ARE ALREADY INTO PROFITS!!

ENJOY!

BAJAJ AUTO

Bajaj auto hit my target 3233. Please check my post.

MARKET TREND 19/1/18

Nifty futures hit 10868 & came down. 
Bnf crossed 26497 & closed near target. Check my morning post. 

My followers got a good ride in 10800CE at 46 & sold at 69 when nifty travelled ftom 10774-819.
Happy trading! !

BOTTOMED OUT

Bajaj- Auto looks like bottomed out and ready for an up move towards  3233.35.

MARKET TREND 18/1/18

Nifty futures has stayed above 10799 and this is a clear break out situation. Nifty future next immediate target is 10868.

Bank Nifty futures immediate target is 25497. This may be achieved any time.

Be long in this market.

Both the index in break out mode.

HEROMOTOCCO

THE SCRIP LOOKS WEAK. HEADING TOWARDS 3321.55.

ENJOY THE SLIDE!!!

OPTION TRADE

THIS OPTION WILL REVERSE FROM 82.00.

STRIKE PRICE AND TARGET SENT TO MEMBERS.  ENJOY!!!

MARKET TREND 16/1/18

Nifty Futures clinched new high but closed  30  points below ATH as the fight between bull and bear was at par. Any further up move is indicated if NF manages to cross 10774. If it breaches 10711 then there could be a slide up to 10684.  Bulls need to protect 10684 to reach 10867. Or else it will be a move towards 10586.  Today's close suggests very limited upside move is possible.

On nifty, be long only if NF stays above  10774 other wise one will be trapped as the down side risk is up to 10586.

Enough knowledge has been given on bank nifty and emphasized that crossing 25775 is a break out. I cannot shout much louder than this and those who missed the rally did not obey the level.

Bank Nifty has done with its rally and may move sideways below  26000.  Next move for BNF purely depends on results  expected from major banks in the coming days.

Trade with caution and protect your capital as any violent move can swipe your money.

Happy Trading!

MARKET TREND 15/1/18

Last week nifty futures gained 104 points and closed at 10684 very near to its all time high of 10695. Nifty futures have risen  for the sixth week on a weekly closing basis. We have seen such a similar pattern of 6 weeks consecutive increase in October 2014. Prior to that we have seen Nifty futures closed on higher note continuously 7 weeks in January 2012. We must wait and see whether we are going to break the records or melt under overheated market.

Monday could eventually see Nifty  making new highs and we must wait and watch the moves closely.

Bank  Nifty futures is getting ready for a long jump if not a pole vault. It must necessarily cross 25795 to clinch 25867/975. 

Nifty futures range 10580-10735.

Bank Nifty futures range 25650-25900.

A daily close above or below these numbers decides the breakout or breakdown in Index.

Get ready for a surfing and catch Options based on the above  levels. 

25900 PE IN CHART

25900 is trading between two yellow lines and is in the mid point. Is it the right time to go long in Bank Nifty CE?

Chart confirms NO. See to believe!  Right time to go for CE is when it breaches 297 or buy PE when it trades above 398.  That's perfect trade!!

BE A WINNER IN MARKET !!

One must be well equipped with good and proven tools to win over this market.

The good old time has gone where one can make money with simple logics and tools. But it is not that easy now.

The quantum of money involved, number of big players, market conditions, technological  changes have made the life of normal investors miserable.  Unless you have proper tool to gauge the market and take positions at right time, you will miss opportunities.

Think over !

Get in touch with me for sharing my tools!

MARKET TREND

Today Bank Nifty futures did close at 25660, and this close has been hinted in my morning post in this blog. All CEs below 25600 and  CEs above 25700 perished. There is no big magic, it is  all purely a number game and you too can get hold of it if you follow the numbers closely.

Now the next move for bank nifty is to catch 25780 tomorrow and hold on to it. If it fails to do that again you will happen to see a frustrating week. The above number holds the key for bullishness in BNF. Mark it and follow it closely. If that does not happen, chasing CEs is a futile exercise. 

That is all  with BNF.

On Nifty Futures, it is really very fascinating that NF makes new highs with  surprises. Today's swift move towards 10682 was a big bonanza for bulls. Now 10600 acts as a strong support for Nifty Futures. Unless this is decisively broken, one cannot brush away the bullishness.

Be long in Nifty as long as the key level 10600 is held on a daily close basis.

Happy Trading!

MARKET TREND 11/01/2018

The  moves in Nifty and Bank Nifty has clearly indicated lack of momentum in trade.  The index still remains under buy mode but getting ready for a reversal at any moment. 

Watch Nifty level 10606 in Spot and on a daily close below this number will lead to dip of  100-150 points. 

Bank Nifty futures closed at 25625 below previous week high  of 25668 there by negates  any willingness to move up. To conclude it is not prudent to go for CEs beyond 25700 in this expiry.  On the other hand, 25600 acts as a good support for bank nifty. This expiry is expected to close between 25650 and 25720. Not much room given for options trade. 

PEs below 25600 and CE from  25700 likely to perish.

Nifty futures intra day range 10580-650

Bank Nifty futures intra day range 25565-720

Happy Trading!

MARKET TREND 10/1/2018

The market trend remains intact. Nifty futures is moving towards 10800.  Only if Nifty futures closes below 10606  on a daily close basis one can short the index. Till then it is a bull market.

Bank Nifty looks positive and a close above 25800 will lead us to 25875/970. But a close below 25650 will drag down to 25404/288.  

Happy Trading!

WATCH OUT

EXIT FROM LONG  IF YOU FIND DAILY CLOSE BELOW THIS NUMBER:

NIFTY FUTURES 10580

BANK NIFTY FUTURES 25660

MARKET TREND 09/01/2018

Nifty futures opened gap up as the close on Friday was a break out. The numbers oblige technical levels and we could see a sharp up move. 

Bank Nifty Futures has been struggling to move beyond 25795 and I have been repeating this message in my post. BNF must close on a daily basis above 25800  to clinch new  highs. This month we can see BNF move beyond 26000, but it is a question of time and be patient and wait for the  big move.

The basic investment in Stock Market is Patience. Money is secondary. If you  do not keep patience you will  lose money. 

Nifty range till this week expiry : 10604-765.

Bank Nifty range till this week expiry expiry 25700-26225.

Happy Trading!

MARKET TREND 08/01/2018

Nifty futures have come out of the initial resistance zone and ready for a big up move.  There is no  doubt about it. One can expect an up move of  minimum 200 points from 10606 if Nifty Spot closes above this number on a daily basis.

Bank Nifty is showing some  bullishness after two months of range bound consolidation and zig zag  moves without any clear direction.  Now with PSU banks closing positive and private sectors are also joining the party, we can expect a rally of minimum 150  points from here. However a close 25795 only will make way for big moves towards ATH 26200.

Be long in the market with a strict SL just below your cost price. 

Suggestion : Buy 26000 CE month end expiry at CMP for  target 210/240.  

Nifty 10700 CE is worth betting at CMP for target 70. 

Happy Trading!

NIFTY TREND 05/1/18

The swift move in Bank nifty and nifty gave a relief from the pain undergone during the past one week.  Nifty closed above 10500 and BNF closing above 25492 - both closing above Dec Expiry Close - clearly signals the initial hurdle is tackled.

But to be on the cautious side, one can go long only if NF closes above 10568. Similarly BNF has to necessarily cross 25795 so that we can pick CEs above 25800. 

Nifty Future range 10460-555. 

Bank Nifty Future 25450-675.

Happy Trading! See the hopes for bulls who hang on to CEs! Light at the end of the tunnel!

TREND 3/1/18

There is no change in the nifty and BNF trend. Both the index are in no trade zone.

Both Nifty and BNF are likely to bounce back today.  If Nifty closes above 10530 be long. Similarly if BNF closes above 25795 then look for higher targets. Till then wait. 

Nifty spot is weak on a close below 10380 and BNF below 25280.

Happy trading!