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!!!