NIFTY TREND

Nifty ended with more than 7% gain in this month and bn by 13%

The levels are likely to shift and we may find profit booking by next week.

NIFTY 11500 and BN 29760 are critical numbers and a daily close below signals correction.

As of now nifty/bn tops out near 11741/30750

Nifty trend

Nifty ended near 11600, which was the month target mentioned in the post.

Now April series is likely to be in opposite direction.

Watch 11500/29750 in nifty/bnf to initiate sell or PE buying.
This could be possible anytime after policy release.
Look for April targrts on 1st April in my post here.
Good luck!!

NIFTY TREND

It was a very  rare and wonderful rally where bulls have  given no  chance to bears  to cover the short as everyday nifty went up relentlessly. As posted earlier, 11600  has been achieved.   

Friday's negative was not unexpected. And the correction could continue on Monday to keep the CE's under total  mercy of  last day move  which is  the expectation of all OTM Call  holders.  If 11400  becomes OTM call  at the end of Monday trade,  don't get surprised.    After  all.  it is just 300  points correction from 11575 when you compare  total  bull run from 10600 to 11575 in 20 sessions.

Nifty can take reversal at 11331/271/230 and a  good bounce back is also  very  much possible. Note these  points and grab Ces for a fabulous  returns. This expiry is going to be very interesting  as bulls wont get disappointed.  

Bank nifty likely to defend 29000 in this correction process. 

Good Luck!

NIFTY TREND

Nifty has closed  at 11462 after touching 11530. It pared all its gains during the day but  the last  30 minutes of trade made a smart recovery of more than 60  points.

Today was the first day after 10 days we are able to  see fatigue. There are chances of nifty touching 11675 in this expiry, but the road is going to be bumpy with high volatility. The rise in the VIX yesterday despite nifty going up indicates market likely to witness ups and downs in the next few sessions.

Nifty target 11677  SL 11345.

Bank nifty target 30250.  SL 29050.

Goood luck!!

NIFTY TREND

Nifty ended flat  and  closed near previous day.  On  daily chart we could see  red candle as nifty could not close above the  opening  level. It clearly indicates  loss of momentum and profit booking at this level. Bnk nifty futures has posted gains for  the ninth consecutive session from 27189 on 1st March to 29134 yesterday, making almost 2000 points biggest rally during the last two years

Nifty range for the day  11230-11425.  Bank nifty range 28500-29200.

11325 and 28650  are very crucial  numbers and a close  below  this number indicates a pull back.

Good Luck!

ALERT

Yesterday nifty futures touched 11101 in the initial minute of trade.  Those who had carried  over position of nifty futures had their position wiped out with margin adjustment inspite of bull  run. The operators are very smart to wipe out the capital of investors. So it is time to be overcautious. This bull run looks very risky. 

NIFTY TREND

The nifty gained for the  third consecutive day of the week. The indicators are showing overbought situation in the index. The momentum is  slowing down.   There could be profit booking at any time which should take nifty to the near by support level 11118. 

Bank Nifty may post another 100 points gain  and will it be able to  hold 29k is to be seen. BN support 28388.

Good luck!

NIFTY TREND

Nifty closed at 11301 gaining 132 points from   the previous day close.  There has been a run for covering the shorts by call  writers as the momentum towards 11400 is inevitable.  One can aim for 11427 in near term.

Bank nifty target 28493/614.

Market wont reverse now as everyone talks about overbought situation bla bla..

Warning :  DO NOT SHORT THIS MARKET

NIFTY TREND

Nifty kicked off  the day with a gap up opening and all dips have been bought into.  The market breadth   is amazing. CNX 500 is adding the much required move for the nifty to gallop.   This weekly expiry may take nifty above 11400, leaving all shorts to a big surprise and shock.

As  mentioned earlier, the SL for Nifty/ BN is shifted to 11165/28250.  

Good Luck!

11250 CE

11250 CE tops  out at 83.15. HOurly close below 48 indicates exit immediately.

NIFTY TREND

With nifty crossing  11118, being the previous month high,  one can look for much more gains. Ultimate target for  nifty for March  is 11450.  SL 11118.

Bank Nifty    28500/600.  SL  27815.

There could be  dip after 18th March  which can be  used to enter into trade. Use  dips  near SL suggested above for entry for the target mentioned.

Good Luck!

NIFTY TREND

Nifty closed at 10863 on Friday, just  moved ahead of  January month  close  of  10831. It has to cross  10951  on a daily basis to resume its north side move. 10740 and below signals further downside  till 10687.  

Any dip  towards 10740/700  is a clear buy and one can accumulate CEs for a reasonable gain.

Never  allow  greed to  overcome your judgment. Watch my numbers and plan  your trade accordingly.  

The weekly expiry in Nifty will be a  big boost  for investor if you  have patience to wait and pick perfect trade based on the   numbers.

Best of Luck!