DECEMBER SERIES - HOW IT LOOKS LIKE?

December series should be bullish irrespective of  the  outcome of election mandate.  

The trading range for nifty till 12th is broader, say from 10699 to 11019. For bank nifty it is 26700   to 27200.

At low grab CEs and at highs  grab  PEs till  11th.  There  after be cautious and be on the long side to  make handsome  gains.

You cannot get a better option strategy than the  above.  

Good Luck to everyone and be a winner. 

NIFTY TREND

I gave a very clear message on the expiry move.  Those went long after seeing nifty above 10775 must  have doubled. Bank nifty levels were also perfect and it was a day of rain of profits  to  all the members.  

December series have started with a positive note.  But be cautious  as the Volatility Index again has climbed up indicating high premiums on both CE and PE.

The trend could remain till the election results.

Recap of  previous expiry option trade:

For my members I have worked out 10500-700  CEs with entry, SL  and target  on 15th of  November and all  the options more than doubled. 

This month also already  suggested entry level for CEs and PEs. 

Remember for  taking out profits from market, money is  not important. Patience is the only key.

Happy Trading!!

Have you doubled?

I have given clear message to go  long on CE above 26000 on bank nifty for doubling.  If you have simply followed this  message,  you could have doubled your money by now.

Check my previous post.   Be technical. Don't be emotional.

Good Luck!

NIFTY TREND AND EXPIRY MOVE

As per  the earlier post, a  close above 10627 has taken nifty beyond 10700.  I have avoided frequent posts as the move was with in a specific range. 

I have also given strike  price of  10500-700 CE  with  entry price,  SL and Target to all my members and they all are enjoying the  move and doubled already.

Expiry Move:

If  nifty spot is able to  hold above 10775 for  more than an hour today, then the target should be 10800 +.   So be on the long side on expiry day.

Bank Nifty target 26676/925.

Wish you all good luck!

NIFTY TREND

The situation has not changed since my last post  here. Nifty is struggling to cross 10600 and hovering in a broad range between  10440-10650.  Only a decisive close above 10627( low  made on 17/10) will take the market up. 

Why 17/10 ?

That was the day BN made high during  October month.  So that  number is critical. BN has closed above 25915 today but nifty has not closed above 10627 which was the low made on 17/10.

Unless both the index meet  the technical  requirements, you cannot expect BN to  move up. 

Calls above 26000  likely to go worthless  while Puts below 25800 equally  be worthless.  A  cautious approach is needed in Bank Nifty trade today.   BN has  taken support 25800 twice yesterday. It may not breach this number today. 

Since you have  another half month and the BN  target is 26800, you cannot expect  any big move. 

Those who trade  in index future can go long on any dip. Those in Option trade must  wait  till mid of next week and accumulate month end CEs above 26200 to 26500 and hold till expiry for big gains which should go  more  than  double.

On any day Nifty close above  10627, go long  in  CE 300 points above 10600. You  are destined to double your investment for sure.

Take CEs above 26000 for next week if you want to be a winner. Don't be on the Put side.

Happy Trading!

NIFTY TREND

Nifty closed 68 points up on Muhurat trading day. It was an attempt  to keep the mood  positive on New year.  

The VIX is still above  18% which is not a comfortable  level  to  go long  in this market. Wait for a dip to enter into market.  10375 should be the level where you can go long with strict SL @ 10275.  Nifty monthly target 10800/11000. 

Bank Nifty is not likely to give up 25219 till  the end  of  this month expiry. BN  Target 26740.

Option  trade is advised for members on board.

Happy Trading!