OPTIONS TRADE

I am giving below the price levels of options - both nifty and bank nifty pertaining to 30.9.2019 for your reference.  These are prepared well in advance and circulated to members to pick trades only at our buy levels.

you can see all PEs hit my target 3. Remember, these levels are available before 9.15 am when you sit for trade.  This price was valid only for 30th September 2019. For today, members already have it with them. Unless you do this kind of exercise, mere chasing Options after market opening is a pure greediness and gamble which causes agony and loss.

NIFTY TREND 1/10/2019

LEVELS FOR TOMORROW

NIFTY FALL ENCASHED

Our members have taken 11400 PE at close on Friday based on Monthly level ( see my monthly level posted in this blog on 26th) and  exited at 49.55.  Just one trade is attached below:

We are through with our trade for the day.  Relaxing.

New members

Anyone interested to take trade based on my daily option strike price can email me at narayanansrirangam@gmail.com

Unless you have a proper guidance and control you tend to lose capital and confidence in options trade.

NIFTY TREND 30.9.19

The levels for Monday the 30th September is given below:

Nifty is under pressure and has 5 stiff resistances. But support is at 11471/458/435. Some weakness is observed. Go by levels.

Today, one of my customers made 4600 Profit on 11450 PE as per the trend change time 2.37 given.  Congrats!

NIFTY INTRA DAY

See my level 11535/29922.  Nifty and BN are struggling at this level. Already recommended no traded to all members.

NIFTY AND BANK NIFTY INTRA DAY LEVEL 27.09.2019

 20.24 HRS 26.09.2019

The levels for tomorrow is as below:

11535/29922 are very critical as it could drag nifty down if 11583 is not crossed convincingly tomorrow. We may eventually see 11422. 11381 is last Friday High which bulls should protect to ensure rally towards 11742.

OCTOBER MONTHLY LEVELS

I am providing the monthly levels for investors to use. These levels are very sharp. Try using these levels for futures and options trade. In case of difficulty please be in touch on gmail.

                                            narayanansrirangam@gmail.com

I will guide you through...  Good Luck

TREND

 See this level. If 11546 is broken you will land at 11434/327. That should fill the gap formed yesterday.

You can see the nifty bounce from the bottom level.

NIFTY TREND

Nifty opened above at 11543, and moved very fast to reach 11666 in the first 15 minutes of trade. Later in the day, it again surpassed morning high to 11695, but could not retain the gains and closed at 11600.

Bank Nifty too opened above 30,000 and touched 30800 and closed at 30566.

Index has moved roughly 1000 points during the last two days.   The index made indecisive spinning top pattern on the chart indicating consolidation in the next few sessions. Bulls certainly have upper hand.

Below 11515/ 29975  we may see profit booking which could lead index down to 11402/29459. In the worst scenario we may see 11249/28905 if the weakness continues.

Keep your exposure mild and do not chase the momentum. It could be disastrous.  

Watch out 11500 PE. The entry price, SL and targets have been sent to members on board. The exact level of nifty where one should enter into PE at the best price is critical. This has been done and dusted. Use my level below for entering CE/PE tomorrow. I will explain how to use it if you miss trade tomorrow by evening.

Nifty level Resistance  11655/695/765  Support 11515/471/400/250 

BN Resistance 30605/801/31118  Support 29975/29776/29459/28904

Good Luck!

11300 CE AND PE - WHAT DOES IT CONVEY?

Below are the charts of 11300 CE & PE which throws light  on Nifty action for tomorrow.

NIFTY TREND

It was a blockbuster Friday when Nifty surged from 10690 to 11381 with in two hours.  This is the best rally ever seen during this decade. Bank Nifty climbed 2700 points up and both cooled down a little bit, as the bulls have come back like a typhoon cheering the FM's tax cuts to Corporate sector. The irony is when the Government announced surcharge hike to FPI amounting to 450 Cr to exchequer, FPIs pulled the market down  by 1400 points, where as this Tax relief costs the Government further deficit in budget, downing GDP by another 1%, but the market cheers with a record rally.  Very strange.. But that is market.

Coming back to trend, Nifty has crossed even 200 DMA of 11228. For the past 3 months, 11141-200 has been stiff resistance.  The Nifty Call Option at 11200 stands at 18.99 lacs, 11100 at 15.50 lacs and 11000 Ce at 20.11 lacs. On the Put side 11000 Pe has the highest OI 48.55 Lac. 

This says that the nifty level has shifted to 11000-11200 range.  It will be interesting to see whether the OIs of CEs are getting reduced on Monday. That indicates short covering of futures and options position by FPIs. If that happens then the rally can extend further. Otherwise a down side is inevitable.

DO NOT CHASE THE MOMENTUM AS VIX IS STILL NOT COOLED DOWN DESPITE MASSIVE RALLY. 

I congratulate my members who made profits in 10800 CE bought around 46 on Thursday and made good returns. 

Monday levels:

Nifty Support  11250/11036/10953/10823  Resistance 11382/11595

Bank Nifty Support 28905/28015/27242  Resistance 29419/30251.

Range for Nifty and BN, both are very wide and a trade with extreme caution is advised on Monday.  Nifty may slip down by 250 points easily by way of profit booking. 

For Monday we have already identified the Options trade and ready for decent returns.

Good Luck!

NIFTY TREND

In a disappointing session on Tuesday, the domestic stock market opened with a mild cut, but continued to slide as the session progressed. After testing sub-10,800 levels during intraday trade, NSE Nifty recovered a bit to end 185.90 points or 1.69 per cent lower at 10,817.60.

Nifty setup remains very weak and any pull back does not seem to last longer. 

Since the support resistance gap is very wide 10733-11063, it is better to watch out trade as our prices may go haywire due to high volatility.

Will suggest trade during the day.

NIFTY AND BANK NIFTY RANGE FOR 18/9/19

         

      

RESISTANCE 3 11050 28120

RESISTANCE 2 11030         28040

RESISTANCE 1 10950 27725

SUPPORT 1                 10830 27190

SUPPORT 2                         10738 26830

CLOSE ON 17/9/19                     10817          27131

NIFTY TREND

Despite showing some resilience and recovery from day's low , Nifty ended 71.40 points low at 11003.50

Tuesday's session likely to have a tepid start and 11059/11078 are likely to be stiff resistance points. Supports may come in at 10942/10910.

Bank Resistance Resistance 28016/28150  and Support 27850/27716.

No aggressive bets are advised, be mild in your exposure keep strict SL and protect your capital.

Option trade with buy level, SL and targets are given to members before start of the day. There is no interruption during trading hours.  

The buy levels are sharp and one can make a decent return of 25-40% in a day with minimum risk.

You too can use above level and make good return.  

Buy CE around 10942/910 ( SL at 10889) and exit when nifty trades around 11059/78.  Similarly PEs can be bought when nifty trades at 11059 (SL 11078) and exit around 10942/910. These trades should be taken only in the first 2 hours of trade.

Same logic applies to BN options also.

For Nifty and BN buy price, SL and targets are worked out for 15-20 strike prices - both CE and PE- provided to members to make decent returns.  

yesterday total visit to blog exceeded 900. I feel happy to post in blog which helps lot of retailers. Will try to post topics on nifty options from next week.

NIFTY HOW IT MOVES

If you closely study the move of nifty during the last 15 days, there is one thing very peculiar.

It moves 100 points up every week and forms a higher low.  On the higher side, it is consolidating very slowly. It gives opportunity to CE writers to take their own time to square off 11000 CE written off during last week.  

Again Nifty will visit 10950 which erodes the Call premium.  This exercise to continue till 19th of this month.  

Keep an eye on month end 11200 CE which is likely to bottom out near 19-22 by next week. That could be the bottom for the strike price.

Nifty likely to close above 200 DMA by 26th September expiry which is around 11200.  It should take some more time to take out 11141.

Range for next week is 10950-11185.

Bank Nifty 27820-28810.

Good Luck!

DO NOT EXPECT BIG MOVE OF 300-400 POINTS NEXT WEEK.  125 POINTS UP DOWN MOVE LIKELY TO CONTINUE TILL 26TH SEPTEMBER.

NIFTY TREND

Today we could rightly predict the trend of nifty and bank nifty. Last one hour of trade rewarded call holders when the CEs were bought moment nifty crossed 11003.

Monday could open gap up and CE holders can book minimum 25-40% profit in the opening bell itself.

Morning post clearly mentioned 11081 as the top level. Yes 11085 was the high of the day.

This is the first week after 2 months, nifty closed at weekly high. Next week 11141 is going to be the acid test for nifty.

Bank Nifty is highly bullish.

Levels for Monday

Nifty  Support 11057/10971/10945/10902  Resistance  11084/11127

BN    Support  28020/27678/27573/27402  Resistance  28126/28296

Option levels for Members on board. 

Option trade is suggested for both CE and PE for ITM and OTM options with SL and TR for both nifty and BN before the market opens. It is a handy guide for you to place order and wait for price. No need to chase options and we stick to our price and make decent returns.

Good Luck!

Nifty Trend

Nifty closed 50 points down, a close below 20 DEMA.
Bank nifty closed near previous day close.
We could capture 11050 PE at 22 and exited at 48.

Today's close is very critical for next week move.

It is going to be a swing of 200 points up and down. Range is 10889-11081. Bank nifty range 27650-28325.

Option trades for members on board.

Good luck!

WEEKLY EXPIRY

Nifty and BN Weekly expiry levels for tomorrow:

Nifty range 10950-11075.
BN range 27465- 27925

Good luck!

NIFTY TREND

Nifty bounced back  from 10889  and moved above 11k  in an hour.   The close is  above 11003 which is a good sign. 

We  could not pick CEs due to swift move.

Later  11900 PE advised at 25.05 and exit at 40 with SL  18.55.

Nifty and BN both are in buy mode. No shorts and PE  advised. 

Buy on dip strategy should be adopted. 

Good luck!

INTRA DAY TRADERS

Nifty opened gap  down.  Support 10885-840.   Buy 10900  CE when you find nifty near 10840.  Bank Nifty 26950-840 is the  level where one  can buy 27100/200 CE or 40% good gain.

NIFTY TREND

Nifty closed at 10946, very close to week opening figure 10961, recovering all weekly losses and ended flat.
If we note the high and low of 10746-961, 215 points is the difference. Before any upmove market likely to retrace upto 10810-20. One can expect a range of 10800-11141in the coming week. BN range 26800-27400.

Trade with caution.

Do not chase nifty on Monday as Tuesday happens to be a holiday.
Options trade- 10900 CE /26200 CE likely to give multiple returns if bought near 10820/26800.
Keep strict SL 5%.
Exit when nifty again crosses 10961, as 11k may be a stiff resistance and CE writers ptotect the level since it is too early to start a short covering.
Good luck!

NIFTY TREND

We skipped expiry day as 10925 was our upper limit and nifty reached in first hour of trade. We avoided trade.
Today nifty range 10770-950.
Bank nifty 26700-27350.
Remember, this week nifty opened gap down with a weekly high 10961. We must initiate long only above this. Below 10780 one can short fot Tr 10660/575/470.
Option trade for members.
But i will give trade on options during market hours.

TREND

Nifty has touched high of 10848   till 2 PM.  Nifty is not  able to sustain. Hence no trade today.   On the lower side3 10757 looks like good support

TREND AND INTRA DAY TRADE

Nifty today made a low of 10757 and taken support in the first one hour. It has not breached 10756 low made during last week.

If nifty is able to close above 10823  by 11 am,  it is good to go long on 10900  CE. Remember go long on Ce only above 10823. Exit  when nifty crosses 10910/25.

For exact buy price, SL and Tr subscribers have been given messages.

Good Luck!

NIFTY TREND

Yesterday we have initiated CE buying as we reached 10787 which was the support level. Today we  will exit with profit using the gap  up.

Level for today:

nifty Support 10775/10720    Resistance  10810/925/961//11000

Bank Nifty Support 26742/26592 Resistance  26840/27150/250/400//500

There are fair chances  of nifty and bank nifty testing   the  resistance level  10925/27150. 

If we find  any intra  day trade,  we will take it.

Good  Luck!

NIFTY TREND

Nifty opened with 60 points down, got dragged down in the afternoon trade and ended below 10800 on Monday as well as first  trading day of the month.

Range for tomorrow 10715-11005.

Trade with caution and with strict SL.

INTRA DAY

Nifty has not  broken  previous day low  10874 and  took  support 10885. If 10874 is broken then  our last support level is 10825.

Bank   niftyy is too weak. 

This  weakness could continue till 12  noon and we can expect  a sharp bounce to 11000.+

Do  not rush for   trade. Enter CE -   10950/11000 CE around 11.30-11.45 for good returns.

Exact buy price/  SL and  TR for members on board.

Good Luck!