CONGRATS!

Congrats to S Subramanyam who identified  & sent me  the reversal point in nifty and bnf.  The numbers are 10430/ 25128.

PERFECT!  

If these numbers are breached on a weekly close basis, then it will trigger a big sell off. In all probability  this acts as a strong reversal point. 

I am   sending a book on Investment  strategy to you as a gift!  

TCS

The scrip in futures is a buy above 3058 for immediate target 3101. Keep SL at 3040.

NIFTY TREND

Nifty future ended at 10520 less by 44 points over previous day. BNF also closed at 25178 (- 233 points).  

Truncated  week and profit booking and weekly expiry of bank nifty  is   likely to pull index down. 

Do not look at GDP, IIP bla bla.. nothing will help the index to come up and it will find its own bottom and reverse. 

Nifty's next reversal point has to be judged by my blog reader today. I  have already mentioned the levels here in my previous posts. Let me see how many of you correctly predict the reversal  +/- 15 points.

Send me email and I will notify if you win.

We are in trapping zone and stay away if you are a small investor. 

Any dip is a buy in this market unless it breaks 10290. A daily close 10650  is a  breakout.

Note this number and trade. These numbers are going to play vital role in your trade for the month.

Happy  Trading!

NIFTY TREND

Today we saw a good gap up opening in nifty which surpassed critical number 10625, only to make a fall up to 10540 & finally closed in an indecisive zone.

Bank nifty too ended without  a clear direction.

10536/26 in nifty are critical numbers. NF should take support near above number failing which at 10500/489.
Resistance at 10625.
Bnf face resistance at 25779. Support seen around 25400.

Don't assume trend teversal and buy PEs. It is prudent to wait for above levels to buy CEs
Strike price with entry price SL and target for members on board only.
Happy trading! !

NEW ENTRANTS

I find people  interested in becoming member.  Please  reach me on gmail. 

narayanansrirangam@gmail.com

SRIDEVI - THE LEGEND

Born to a lower middle  class family in a place called Sivakasi (famous for crackers) in Tamilnadu she went on to bag the honor as Bollywood Super Star!!

It is an absolute talent!

She was very humble and unassuming!

We cannot find another gentle soul like her!

Aum  Shanti!

NIFTY TREND

Today Nifty/ BNF crossed the key number 10436/25282 mentioned in the blog and there was no stoppage for them. 44 out of  50  Nifty scrips helped nifty to gain more  than 100 points. The finish was an absolute perfection.  It ended near day high indicating that Monday could be yet another day with gains.

We are long in options for the immediate target of 10525/625. 

New entrants were happy to see the rocking levels and a good entry of 10600 and 10700 CEs. Holding for a good target.

Our waiting was over today and we got in to the train for our destination called DOUBLE AND QUIT.

TREND NUMBERS

When I am posting the numbers, I give the significance of the numbers. Technical  arise out of numbers where the index gets  support or face resistance.

If you are a option player, you must know the support and resistance levels of index. Without this if you are in to options, most of the times, you end up losing money by depreciation due to index move and time value.

That is the  reason timing the buy of Option is very critical than  the price.

Start working in that direction.  Do home work. You will be successful.

Some people  feel that advises should be given free. Free advises carry no value.

I do not want to name the person. I gave free Option trade to a person last month to buy 10800PE at 86. It went up to 530. It was free. So he ignored it.

SO I HAVE DECIDED NO FREE LUNCH FOR ANYONE ANY MORE.

DO YOUR HOME WORK.

NIFTY TREND

The expiry moves and the Options jackpot trade were exactly in line with what has been posted yesterday. Any one followed would have doubled the investment.

A sign of relief and green candle started appearing after 4 days of continuous falls and nifty moving in a indecisive range,

Both  the index closed much below the previous month low of 10436/25283 in NF  and BNF respectively.

Watch these numbers carefully. Crossing these numbers indicate reversal of trend. Before this do not be long in this market. 

Timing the reversal and grabbing the Options is more important. 

Happy Trading!

Expiry Day trade

Do not expect big gap up opening on expiry day!
Both NF and BNF likely open flat to mild negative.
Only when bnf crosses 25 k buy 25100 CE. Or else focus on 24800 PE if bnf does not cross 24930, being yesterday close. Try buying CE or PE@ ₹2-3. Max 3 lots.
Range breakout for bnf is 24937-25000.
On nifty, attempt 10350 PE around ₹5.00 & 10400CE around ₹ 7.00
Maximum 2 Lots.
Chances of downside are brighter.
No short covering, no big jumps are possible.
Happy trading! !
  

NIFTY TREND

Bank Nifty Future more or less hit our target 24760 as it touched a low of 24776. And closed above 24900. Unless it again breaks 24776, we can assume this as the low for this expiry.

The expiry target given for both NF and BNF was perfect. Check my previous Posts.

Technical levels speak first and news follows.

Wait for  reversal of Nifty and BNF as this blog will be the first to inform the reversal when it happens.

But   as of now lower targets are over for this expiry.

The persons who have opted for Positional trade joined this week are waiting for   reversal.

BE READY FOR SURFING

Both nifty and bank nifty are giving indication for swing trade.

Nifty Range 10210-10485.
Bank Nifty Range  24750-25480. 

BNF options 25000CE and 24600PE are worth watching.

NIFTY TREND

Toady Nifty future took U turn at 10485.  The level where shorting has been suggested.  The sentiments are still not good and Nifty is getting  dragged to lower levels.

Watch out for 10262/202 in the next few trading sessions. Keep SL at 10430 and short.

Bank Nifty target  24750. Short BNF when you find breaching 25128 for this target. SL is 25200.10

The levels are sharp and you can make good gains with strict SL as advised.

Happy Trading!!!

Anyone very serious in making good money with sizable investment may contact me.  With strong technical and disciplined trade one can win in this market.

Exising  members are  able  to take positional trades with good returns.

TREND NIFTY

Today the Index has confirmed that thete is no upside move as 10485 has been breached. 200 points downside is expected easily & possible point of reversal placed at 10250.
Bnf target 24760.
Keep 10485 as SL and make gains.
Option trade given to members on board.

TREND

No change in trend.  10470-625 is the range.  breaking any number will see 200 points plus or minus.

We are in no trade zone!

ALERT

Do not be long in Nifty unless 10650/735 is crossed on a daily close basis.

BNF watch 25959 and be long above this.

Till then distance yourself from the market.

Take Care.

NIFTY TREND

Nifty future's LTP today was 10460. But after averaging the last 30 minutes the close was 10495. Spot closed at 10500.  It is very close to 10470/85. 

BNF has already breached 25550 and Nifty likely to follow BNF tomorrow

It is a sell on rise market. Trend is still negative. 

Take care!

NIFTY ALERT

Watch out for 10570 in nifty future and 25900 in bank nifty future. A daily close above this is up trend.

A daily close below 10470 and 25640 indicates down trend.

S&P

See the Chart to believe. You will understand better.

NIFTY TREND 14/2/18

The bears have given up the grip and the bulls started gathering momentum for yet another attempt to get on to a swift rally towards 10735 level.

Remember this number has significance. This was the low formed on 2nd, the weekly close on Friday.  If this  number is broken, then it means  bulls have captured the fort. No more day dreaming about vertical or horizontal fall of index.  You don't have to be a technocrat.  Go by numbers. Obey them.  

The rally towards the above number will be very fast and all shorts will have to pay heavily.  

Yesterday close of Nifty and Bank Nifty negates down trend and serious threats. On positive global cues, Nifty is likely to move ahead.

Range till the end of this Friday:

Nifty future             10485-10735

Bank  Nifty Future 25550-26200 

Strike prices for positional trades in nifty and bank nifty for trade only for members on board.

Happy Trading!

The picture will tell you  the event likely for the  remaining part of the week.

BULL OR BEAR

Most of the people are confused at this juncture on the direction of index.

Last week what happened was a flash flood or tsunami. It came, devastated and disappeared.    Now everyone is waiting for another tidal effect.

Because of last week effect we have to view index in a very broader perspective. Now Nifty range should be 10300-11200.  Bank Nifty should be 25000-27500.

Since we have received the correction message in the beginning of the year, the nifty growth should be roughly less than 10% this year. I restrict my upper band for nifty to 11400 and bnf 28000 for the next 3 months. On the lower side 9200/22000.

Look for more surfing in the month of March. Market cannot move one side hereafter.

DRREDDY

DRREDDY IS IN OUR WATCH LIST.

SELL OR BUY?  CE OR PE?

DETAILS SENT TO MEMBERS N BOARD!!

S&P SIGNAL

The S&P bounced from Friday low of 2533 and closed  at 2620. It got corrected by 340 points from ATH 2874, works out to 12%.

The market move could be on the  sideways and we can assume that the worst is over.

A pull back is expected at any time which will be out of short covering.  Better not to be in trade when  the direction of index is indecisive.   

We will wait for next good trade!!

NIFTY TREND

Nifty protects the bottom of 10300 reached on 6th of February 2018. Unless this is breached we cannot be bearish any further.  From 11185 to 10300, almost 900 points get corrected. It roughly works out to 8%.

Index likely trade between 10300 and 11200 range for   the  next 1-2 months. Since the bull run extended for more than 12 months, it is necessary for market to undergo correction in a phased manner.  Breaching 10300 could happen in March and the target is 9500.  Nifty is bullish  only above 11000

Bank Nifty  has touched 25000 and bounced back above 26100, but could not sustain higher level and closed near 25500 onFriday.

The whole week was action filled with bears devastating the market with vital blow.

Do not rush.. Wait for trade!!!

NIFTY TREND

The weakness trend continues and all gap up openings are sell on rise. Yesterday there was a big gap up and ended with negative. This kind of happening is very rare. But the message is very clear. Market is no mood to recover. 

Look for more correction. No Long position till we get buy signal.

TREND NIFTY & BNF

The violent move in the first 15 minutes of trade got arrested and the nifty had a good  bounce-back from today's low.

The trend is still negative due to global cues.

Nifty & Bank Nifty likely to under go correction of 10-12% from its ATH.

Be prepared and do not miss this correction for selling and making good money out of it

Happy trading!!

NIFTY TREND

As indicated there is more pain waiting for  those who are long in the  market.  This correction is likely to continue till 10350-260. 

It is better to close all longs and be short in market.

Bank Nifty likely to shed another 1200 points. 

Remember this bull run has continued for more than 15 months in US market. Any correction will be minimum of  10-15% is on the card. 

Nifty  will certainly follow global trend. And you will be able to catch the entire down move if you follow the main market indicator.

Happy Trading!

NIFTY TREND

It was a day filled with more anxiety. The prediction was very close to perfection as the  bottom level touched was 10880 against 10918 anticipated and in bnf 27078 against 27048. 

When I posted level in SGX forum, people did not like it. Now they would have realized after experiencing.

Upward movement in index was muted. Reason is very obvious  that the option writers did not want to give exit to call holders who have bought the Calls when the VIX was above 17.5%.

The message from the market is very clear today. Those who have understood can play well next week.

See this week move and read along with VIX. You will get answer.