TODAY CLOSE

If Nifty spot close above 10871,do exit from PEs. Just a word  of caution to all.. Take care

NIFTY TREND

The trend is up. A daily close above 10939 shall lead to 11050.  Any dip is buy.  Do  not  short the index. 

We have planned and executed our trade..  What about you??

NIFTY TREND

Nifty closed at 10860 signalling more up move in the offing.  A daily close above 10939 indicates tight grip of market by bulls. Bank Nifty has already confirmed up move. Be on the long side to enjoy rain of gains.

Nifty spot buy at CMP, SL 10750, Tr 11045.  Bank Nifty buy at 27100 SL 26965 Tr 27300. 

Good Luck.  Enjoy New Year's eve with a big bang!

NIFTY TREND

Nifty has entered in to buy mode and closed very near 10750 mark which is very crucial.  The global cues are positive and we do expect a close above 10800.  Since our market has not reacted too much when Dow was sliding down, one can expect  a tepid start and a slow and steady up move today.  

Do not short index or buy PE if  Nifty hovers below  10800 in the morning  session. It could be  short covering of futures and CEs.

Nifty  spot may close around 10912 and bank nifty spot  27197.

For  expiry trade, be on the long  side by taking  OTM CE of 3rd January 2019 expiry.  

Good Luck!

Nifty trend

Yesterday all my members could make entry at opening and made good gains. When all analysts said 11100-400, we took a decision as the charts confirmed sell.
Believe in yourself.
Now we wait for reversal.
yesterday's reversal was posted well in advance.
Good luck!!

NIFTY TREND

Nifty likely to be gap down as the correction is going  to wipe out weak investors who were hanging on  to OTM CEs.  

See my post on Monday signalling the correction.

I  have given a clear range in the beginning of the month  10699-11019.  This has worked  perfectly without any mistake. 

With just 4 days remaining for December expiry, next week is truncated  due to X-mas, one  must exercise extreme caution  while buying CEs. Because the sentiment in US market does not augur long  position.

Be short till 10752/768 and you can go long from this level on a daily close above this number.

Good Luck!!

NIFTY TREND

Nifty did opened gap down,  but the same story repeated. It was not  breaking 10800 to  initiate PE buying. 

Today's close indicates further momentum in nifty  which can take to 11020 as indicated in the beginning of the month.

Be long in this market till we reach 11020 if  Nifty spot holds 10967 on daily/ hourly candle.

Happy Trading!

TREND REVERSAL

The trend reversal should begin  from today.  Yesterday the formation was visible.  But   it is not prudent  to short Nifty when the closing was near day high and the low of  10844 was not breached yesterday.  

If  the  Nifty opens with a slight gap  up,   one can short CEs of 11000,  10900 and initiate PE buy ranging from 10800-650. This PE buy should give a decent return of 40-70% return. This strategy should hold good for next 2 days.

Dont be panic. This is a regular course of small correction to wipe out weaker traders who have entered CEs during the  last two days with  greedy intention to multiply their investment.  

GOOD LUCK!

NIFTY TREND

My previous posts have been very sharp on the December trend in Nifty. Had anyone followed my advise they would be sitting pretty on 10500 CE when the index roamed at low of  10400-440 on Tuesday.  

The trend is bullish.  Do not expect reversals in the next 2-3 sessions,  ofcourse there could be a halt by way of consolidation.

Watch out for trend reversal  in my blog when it happens...

Be long and be blessed with more gains!

Good Luck!

NIFTY TREND

The  election  mandate, resignation of  RBI Governor, fresh trade war and all negative news passed. As indicated earlier  that irrespective  of mandate,  market will move up, the index obeyed. Now any dip is  buy and you should not miss the bus.

Of course, there is a hurdle at 10593.  If nifty spot closes  above 10699 on a daily or weekly basis, then you can see  non-stop rally up to 11020.  

We have picked PEs, when the market was falling. And yesterday we have already initiated buying CEs. When you go by trend, you won't  miss  trade. 

I avoid frequent posts and give tips only when the nifty path  is clear.

Happy Trading!