NIFTY TREND

I am posting the level after a week. Reason is that index was moving within our range. Now that the index has started moving let me share the level with all of you.

Nifty spot has to cross 10840 to move up. There could be narrow range move between 10786 - 10840. It may take at least 2 days to break this level. 

This expiry could see nifty spot crossing 10900.  Bank nifty still has not crossed 26800. I anticipate 27311  to be touched in this monthly expiry.

We pick only profitable trades and today was a good day for our members who obeyed the nifty levels.  Because we were very sure that 10686 wont be broken for reasons well known to us. 

Do get in touch with me if you want  to pick winning trade : narayanansrirangam@gmail.com

CONGRATS !

MORE THAN  15 MEMBERS HAVE TAKEN 10800CE AT 40.05 THAT HAS MADE TRIPLE BOTTOM TODAY AND  MOVED ABOVE 40.05.

THIS TECHNICAL WAS EXPLAINED AT 11  AM AND THEY WERE READY TO TAKE ONLY AT THE ABOVE PRICE AND EXIT WAS AT 81.

I AM GLAD TO POST IT HERE!

NEXT TRADE IS ONLY TAKEN WHEN WE ARE DOUBLE SURE!!

A PERFECT GOAL TODAY!!

NIFTY TREND

Nifty spot touched 10890 as indicated in my previous post and took a U turn to close 50  points below day high.  The range  for  the  week has  been clearly defined and market obeyed the levels. There is no big surprise for any of my members as they know very well how accurately we take trades.   

Now Bank Nifty also still lagging behind and  unless it breaks 26800 it wont be able to reward bulls. 

Clue for today's trade:  If BN spot stays  above 26715, go  for 26700 CE for good returns. DO not attempt 26800 CE. I mean what I say. DO not expect market to run away on either side. 

Good Day!

NIFTY TREND

Nifty moved with in the range predicted and it is now in consolidation mode.  A close above 10683 gave a positive start next day.

PSU banks are also performing well and may  help bank nifty to move up. 

As of now both nifty and bank nifty are in buy mode but may not show urgency in making a big move on both sides. 

This week nifty range 10722-10890.   Bank Nifty 26330-26900.

Nifty has strong support at 10680 and  this is slowly shifting to 10722. Any dip is a buy in this market. 

NIFTY TREND

As predicted Nifty touched 10550 and moved up.  The expiry day was very cheerful. The 26500 CE which were taken yesterday were sold around 100/-. It moved up and gave excellent returns.

Even 26700 PE taken at the end of the day was a good pick and moved from 55 to 150.

Today Nifty has almost entered in to buy mode.  A strong weekly close above will see nifty touching 10900 next week. Be ready to catch the move tomorrow.

Happy Trading!!

NIFTY TREND

Nifty futures closed below 10700 and it is likely to trade in a range of 10625-700 till the time RBI Policy is rolled out. That will set the direction for Nifty.

A close below 10550 will lead to 10408 while a close above 10787  shall bring more cheers in the  market for next level 10878.

This range of 10650-787 is a no trade zone. 

Bank nifty is bullish. A close below 26400 may lead to 26000. It must close above 27080 to clinch new high. 

Range for next week Nifty Spot 10576- 10786.  Bank Nifty Spot 26460-26970.

Happy Trading!!