NIFTY TREND MAY 2018

As expected Nifty futures crossed 10673  and closed above 10700.  This augurs well for the broader market. From a low 9960 to a high of 10720, nifty has retraced 62%. The results of RIL should boost  the market for a rally of 50 points in nifty. 

Remember the PEs have been continuously on the losing side and it is almost a month where it closes on low week after week. The Fed meet outcome on 2nd  of May and the  Karnataka election fever likely to keep the  Nifty on its toes. 

The scenario recalls the same situation on January 31st where PEs have suddenly got new life and the market tumbled. It is better to be on the cautious note as the bull rally could snap at any  time with a big gap down opening which will be a big trap  for  bulls.  

Be long in nifty only if it sustains above 10775 on  spot. and 25250 in BN Spot. A close below 10670 is a matter of concern for bulls. 

MONTHLY TREND

This month can see a downside of  10350 and 24000 in BNF. On the top, 10775 & 25570 can be expected.

The domestic cue plays a very crucial role for the market. With almost all big corporate have announced the results not much steam is left for any big rally. The global cues is also not going to favor the market further. Be cautious in your trades next week.

NIFTY TREND

Nifty managed to close above 10600 and the new series start with a  cheerful note.  Since there has been a vertical climb in nifty for the past 20 sessions one must be alert and keep strict SL.

10670 in Nifty Spot looks very critical and a daily close above this makes nifty bullish. But a close below this leads to reversal. 

Bank Nifty likely to move up if it close above 25100 on an hourly candle. 

In short, both indices are in favor of bulls as of now.

NIFTY TREND

Nifty and Bank Nifty futures fail to retain the  10600 mark and it was a doji close in nifty and 100 points down in BNF.

The movement in Nifty  from 1.45 PM onward clearly suggest bulls giving way to bear to enter. Check 10400PE   May series to confirm. 

The major component Bank nifty  is in the opposite direction while nifty is making all attempts to move forward.

Whether Bank Nifty is going to join Nifty to move towards 10640-70 or will there be a correction in view of expiry.  We have to wait   and watch!

The expectations are that nifty may go further up! It has duped all call holders of HDFC Bank today and TCS started rolling down after crossing 3500 mark. 

At this juncture we should not throw our opinion about the moves. Better to watch and be with trend!

NIFTY TREND

Nifty and bank nifty has started showing signs of exhaustiveness which I have posted two days back. Now this is not the right time to be long in this market.

Yesterday BN Expiry performance  : We could identify both CEs and PEs are not going to give any returns an we stayed away from investing any amount. The price action of BN on wednesday has already indicated it.

Happy Trading!

CONGRATS!

Congrats to those members who made good profit in ITC.



Our stock picks rocks!!

NIFTY TREND

There is no change  in the trend.  Nifty has closed almost flat. The weekly expiry today likely to keep the up moves capped. The price action of Bank nifty yesterday is a matter of worry.  After moving above 25280, again BNF has closed below previous week close.

If BNF manages to trade above 25280, we can expect  25410 today.  24860 acts as a strong support for BNF.

Option strategy on stock  and BN weekly expiry sent to members on board!

I have a very special  message on this monthly expiry by tomorrow!! Do not miss it!

Happy Trading!

NIFTY TREND

The nifty futures close today indicates end of up move. we have witnessed nifty closing daily high for the ninth consecutive day.  This happens after a gap of four years. Last time it happened in Sep 2014.

If nifty is not able to surpass today's high and also close below today's close tomorrow, it is indication of temporary reversal of trend.

Be alert if you are long and reduce your exposure.  

Nifty futures has a strong support at  10350 while for BNF support lies at 24975.

STOCK IDEA

 

WATCH HEROMOTOCO

NIFTY TREND

The trend remains thee same. Nifty futures surpassed 10500 mark easily.

Syria or Korea... No worry for Nifty.

Many Index scrips are likely to move up further and the index likely to witness another  1%+ weekly gain by the end of this week. Our target 10666 in Nifty Spot is likely to be hit.

It has been advised in the earlier post not to Short index futures and not to buy PEs. We maintain our stand.

NIFTY TREND

It is very interesting to see that Nifty Futures is capturing the highs  made during the March week after week. This is the third consecutive week we are likely to end with gains. If we cross 10490 today, it means that we have regained the position where nifty future was trading on 16th of March 2018 after touching a low of 9960.

Now the high for the March month was 10639.40. We should see whether Nifty future will be able to capture this level or not?

Shorting of index and picking PEs should be avoided during next week unless the trend reversal is visible. PEs have made new bottom and closed below 15 days low.

Bank Nifty has not yet crossed 25280 which is a very crucial number.

It all looks like both index are going to remain in buy mode during next week. 

Be long. Be alert at 10540/10640 while you are long. Reap profit as much as you can.

Strategy for option trading is given to members on board!

Happy Trading!!

STOCK IDEA

BHARTIARTL (YESTERDAY  REPEAT) and PNB

BUY OR SELL?

DETAILS SENT TO MEMBERS   FUTURES TRADE).

HAPPY TRADING!!!

NIFTY TREND

Today Nifty clinched the January low of 10436.50. and March  High  of 10439.20.  This 10439 is a very important mile stone for Nifty future and a daily/weekly close above this level indicates further momentum if   the global cues also favor the same.  

Similarly Bank Nifty has not crossed the  January low of 25288 and March high of 25280. 

Look at these highs and lows of BNF and NF very nicely placed in January and March. A very close look at these numbers indicate the importance of this level. 

Now we are at the most crucial juncture and one can go  long   keeping these  numbers as stop loss.  We are almost in saturation mode as we have surpassed 500 points from March low. Keep your exposure mild.

Yesterday we picked JUBLFOOD PE and made decent returns. 

Happy Trading!

STOCK IDEAS

Watch BHARTIARTL AND IDEA.

BUY OR SELL.??

Information sent to members on Futures trades...

NIFTY TREND

Nifty Futures brushed aside the trade war fears and zoomed up in the first 15 minutes to clinch 10404 and subsequently scaled up to 10414.90. It was a 30 point range for nifty through out the day and managed to close at 10392.

Bank Nifty futures made handsome gain of 200 points and closed above 25000, which gives a psychologically a mental comfort to bulls.

So far the  travel  has been around 450+ points from  9960 and there could be sideways movement in nifty.  While the global cues are  giving high volatility, we wait for last quarter results of major companies which will decide the course of the index.

Nifty level 10437. BNF 25288. These are very critical numbers which decide the next level for market.

Performance of the day: Pick of ICICI BANK CE and IOC CE   for moderate gains. 

Happy trading!!

WHY THIS BLOG

Many of my well wishers were asking me a question how to serve the small investors who fall in trap in F&O and continue to lose their hard earned money.

At that time I was repeatedly posting my strong view in SGX nifty forum on carry over of options and keeping under pillow, which ultimately blasts injuring the investors.

But the advises have been unheard. Investors who are following the forum were either confident of their aimless approach or  filthy rich to lose the money.

One of my friends advised me to start a blog which can help investing community to bring awareness.  

After starting this blog, I could see lot of investors thanking me for the levels I post and their daily stories on how they are averting losses.

Now I am happy to find investors getting alert through my posts and  am confident that many more will get benefited.

The same story continues. Novice lose money without knowing the abc of options game. But we will continue our services.

I have more than 100 followers on board who trade now without fear and find a total change in the trading style. 

God bless them with more skill first and then money. Good Luck to all!!

  

NIFTY TREND

The price action of  of both Nifty and Bank Nifty clearly indicates PEs have already given up their fight and surrendered. If a weekly close is on a very weak note it  means next week could see further up move.  You  can check 24500 PE of April series to confirm the bullishness.

Nifty Options also confirm the same and one can see the price action from 10200PE.

  

What next?

We are likely to see market moving up and continue the journey in the north direction.

Index scrips are all trading above Feb Low and trying to catch March low. Any shorting of  F&O Scrips will be  disastrous.  

Key level to watch 10437 in NF and 25280 in BNF.   ( Same as yesterday)

If index manages to surpass these levels then we may probably land up near 10675/25779 ( My  Magical Number).

Happy week end!

BELIEFS AND DISBELIEFS

Most of the investors just plunge into the stock market. I have seen people with zero knowledge on price action and trend buy scrips and retain it when the price goes down, wait for years to realize profit.

But the most  dangerous thing I observe is people without knowing the risk involved in Options trading just buy  Options without knowing the trend and levels.

Options trade is the most precise technical trade which needs more perfection. 

Learn a lot, follow  the numbers, study price movements -

Take on option and watch for 21 days. Nothing comes free in this world unless you put some effort.

I work meticulously for 4-6 hours after market close to  prepare for tomorrow.  If you take trading seriously, then you are the WINNER!  

                                       TRY. YOU WILL SUCCEED!

COOL... COOL ...

OUR MEMBERS ENJOY TRADE LIKE THIS...

NIFTY TREND

Today nifty saw a very big gap up followed up by sustained buying. The outcome of RBI Policy meet added further momentum to the index and both nifty and bank nifty closed near day high.

Today we could see the change of trend in index and let there be no shorting in the market. Bears will be punished heavily in the coming days. 

Important level to watch : 10436 and 25288. in NF and BNF respectively.

Today's pick of 24700 CE at 1.10 and sold at 21 was the master stroke. Needless to say that weekly expiry trade has now become  a simple affair for us. 

Tata motors positional call 350CE picked at 7.20 and target 22 met today! 

Happy Trading!

BE COOL AND COMPOSED!

Yesterday a heavy gravitational  pull of 160 points from top ( 10304-10140) and today likely 135 points up from bottom (10139-10275).  This move erodes margins of those who have gone short yesterday and erode PEs to peanuts. 

Mind you, this is a game played by market players who have plenty of money to make such moves to swipe away your money from your trading account. 

There are some over reactions in the market! Whether you call it bull trap or bear trap, ultimately it is to trap all innocent investors. 

My strong opinion about market was that, there was no necessity for the market to get in to sell mode when it has put lot of efforts to climb a decent level on Monday to clinch highs of 23rd March  2018. That was the reason I did not take these moves seriously.

Just remain in sidelines when you find big moves,  otherwise your wealth will be lost in the Tsunami effect.

No need to capture such violent moves and claim to be a Hero. 

We do not get into such nasty moves and claim big achievements.

Be cool and keep your cash in wallet and go for perfect moves. That is the quality of a prudent investor.!! Read this line 100 times and start practicing this.

Our investors have never regretted for not going for such moves as they do not violate our golden rules.

Happy Trading!

NIFTY TREND

Nifty futures took a reversal at 10290 which was the Feb 2018 low and has taken support near 10115 which is the  March expiry close and finally closed at 10146.60. 

Bank Nifty took a reversal at 24700, unable to sustain above 24600 which happens to be the low of  February 2018.

Both the index have exactly reversed from February low.

The long bearish candle formation today has negated all the efforts taken by index during the past one week. Sad part is index is now in sell on rise situation.

Market awaits RBI policy tomorrow. This should give direction to the market.

Nifty futures support 10115/052/9960. Resistance 10197/2230.
Bank Nifty futures support 24085/23631. Resistance 24600.

Today we have doubled our investment in Tatamotors CE and 25000 CE before market fall. We remained sideline during down trend as we have already completed trade.

YESTERDAY NIFTY MOVE

Everyone thought that Nifty will shed 100 points based on the Dow Jone fall on the previous day!

But it did not happen   Why?  Have any one analysed?

Technically it has been answered.  See the nifty future close on Monday. It closed at 10270. What is so important about this number?

See the  high on 21/3/18. It was 10266. That was the high made during 19-24th  March week. It has surpassed the high made two weeks back.

Any big leap made on the beginning of the month of new expiry will not be given up so easily. Now nifty future will aim to clinch the next high of 12th to 16th March which is 10490. But there is a hurdle 10437 before that. Let us see how it happens. So do not get confused. Now Dow may rather follow Nifty.

Always try to link the close with previous months'  highs and lows.  You will avoid disappointments and wrong trades.  

My members are well trained in this. They are perfect in two critical points:

1. No Wrong  trade come what may.

2. Technically they are stronger as there is no hide and seek policy.  Develop  them strongly to get in to technical and then make money in market.

Do reach me on email narayanansrirangam@gmail.com

STOCK IDEA

KEEP IOC AND INDIGO IN YOUR WATCH    LIST!

LONG OR SHORT??

LEVEL FOR ENTRY AND EXIT ONLY TO MEMBERS.

NIFTY TREND

Nifty  started off with a mild  gap down but quickly recovered and took support at 10171 and finally closed at 10245. 

Bank Nifty also closed near 24500 after a three hour consolidation near 24350.

Index is   in fact   ready for a  good move and RBI policy outcome  should give direction to BNF and NF on expiry day. 

Watch out key levels 10290/10440 in nifty future and 24600/25200 in BNF.

10200CE was the option trade where we have mastered entry and exit.

Happy Trading!! Enjoy!!

SEEING IS BELIIEVING

SEE ONE OF THE MEMBERS WHO TOOK THE 10200 CE AT BREAKOUT LEVEL DURING LAST ONE HOUR. 

POWER OF USING THE TECHNICAL KNOWLEDGE IN TRADE:

SEE  THE  QUANTUM AND THE SPEED IN WHICH THE PROFIT HAS BEEN REALIZED!
HIS LOGIC WAS SIMPLE. AND HE DESERVES THE PROFIT FOR HIS PERFECT ENTRY!
CONGRATS SHANKAR  BHAI!!

REVIEW

Review of yesterday stock ideas:

RELIANCE, CIPLA, RAYMOND -  RALLIED.

IDEA- RALLY STARTED. TARGET GIVEN TO MEMBERS.

WE TRADE ON SCRIPS WHICH GIVES INSTANT PROFITS.

STOCK IDEA

Watch Tata Motors. Enjoy ride!

NIFTY TREND

Nifty was in a total recovery mode and the April month started with a good up move. Bank Nifty participated in the rally in the last 45 minutes, there by taking nifty above 10200. 

Bank Nifty in fact has not supported nifty today and nifty was lifted by non banking scrips like Cipla, Adani Ports, Heromotoco etc.,

Unless bank nifty performs nifty may not be able to perform further.

Key numbers to watch 10350.73 in NF and 24540.22 in Bank Nifty futures.

Today 10200 CE rocked. Had a very smooth entry and safe exit with a profit of 15-20%.

STOCK IDEA

SEE THE MOVE OF CIPLA AND RELIANCE WHICH I POSTED IN MY MORNING POST.

STOCK IDEAS

Keep in your watch list  CIPLA, IDEA AND RELIANCE.

Waiting to give the  best moves. Look for my message on the trade - for members only-