NOVEMBER - OPTION TRADE POSITIONAL

The November month is likely to be mirror image of October month.

If you are a daily trader, then this may not suit you. But the trade will fetch more returns you get out of daily trade.  My members have already been provided with Buy prices, SL and Targets. 

In September month 10800 CE Was given at 45 - positional price.  Hit 800+
In October 11600 CE buy given at 43.50 - Positional price.  Hit 300+

In November I have already given Various strike prices and levels. 

We go with the trend and buy only when our level reaches. 

Good Luck!

NIFTY TREND

Nifty closed at 11878 and Bn at 30066 and this expiry is 350 points up compared to last month expiry where as BN closed very near to previous month expiry close of 29989.  One more observation is that BN made an under performance through out the month. It is only non banking scrips which took nifty to post a decent show in October.

We hope to see both Nifty and BN  to synchronize well in November to continue its up trend.  

Good Luck!

NOVEMBER MONTH LEVELS

EXPIRY DAY

Today we could catch 11900 Ce at our buy price and the trade screen shot has been posted. We waited for our price and then we executed for a very small target as the quantity was high. 

I leave it to my clients to decide exit at a safe level when they buy huge quantity of option. 

Nifty closed October with a flying note. Now ATH is just a stone throw distance  away.  Let us see how the index wants to behave tomorrow and during next week.  

Range for tomorrow Nifty 11825-975 BN 29850-30550.  

We are ready with all our levels and strategy for November month trade.  

TRADE

AT 21 IT WAS BOUGHT AND SOLD AT 26.  11900 CE.

NIFTY TREND

Nifty opened gap up and touched 11884, but in few minutes it gave up all its gains to reach 11785 where it took support and remained range bound between 11820-860 till the end. One more attempt to cross morning high failed and finally closed at 11844.

The range for nifty 11750-925   BN 29600- 30300.  Trade with caution as target of 11850 and 30100 has already been met. 

Good Luck!

ACTIVE PARTICIPATION

Yesterday recorded highest number of participation by my members on 11800  CE. More than 108 members participated in the trade. Thank you, but we still need to break the record to 100% participation.

NIFTY TREND

Nifty has come out of the congestion zone.  The target of 11840-50 is almost achieved yesterday. That was my weekly target.  

Now the question arises, what will happen during the next 3 sessions? Will there be a fall?

The answer to the query is simple with a big NO.

The week kicked off with gap up opening.  Secondly nifty has entered in to buy level 11628 and not made day low below this number on the first day of expiry week. Last but not the least, it has closed above 11771.90 which was the low recorded on 8th July 2019, the first day of fall after budget presentation.  It has closed above 11694, being the high recorded on 23rd September 2019, where the corporate tax cut has been celebrated.

Both the numbers have been crossed yesterday and I now leave it to readers to judge the nifty position.

Now a close above 11798 is required which has not happened yesterday, there by making nifty range bound during the next 2 sessions.  A daily close above this takes nifty near 11980. If nifty is not able to close above 11980 in this week, then it may take 10-12 sessions in November to cross this. But there is nothing negative about market nor about global cues. It is going to be a range bound session before heading for a meaningful bounce above previous high.

Nifty need not have to behave like what I have written above, but I find some more consolidation at this level.

Before I judge Nifty, I carefully read all the numbers and leave no ambiguity while concluding. I am neither a bear nor a bull. 

Range for the day :Nifty  11660-11860.  BN 29600-30100.  

Good Day!

OUR TRADES

The proof of pudding is in the eating.

Everyone knows this saying.

For me the proof of my analysis is reflected in the trade.

NIFTY TREND

When I was writing in my blog in the morning, I thought Nifty may take a day or two to reach 11850. But for me the up move was not at all a surprise, as 11573 was a very strong support level. I was over confident when I wrote 11575 wont be broken in this expiry. Nifty acknowledged my analysis with a big laugh and moved till 11800.

Today all my clients made very decent profit by entering at 32 and few at 39.85  again few at 42 but all exited at 58/59 which was the safe exit target.

Screen shot has been posted in the blog.

Again, we may or may not get trade everyday. But it gives utmost satisfaction when your levels are obeyed in the trade.

My best wishes to all who made good money today. I do not have any register to note down the profits made every day. All I request is that my members should appraise  themselves of the growth they are achieving after taking trade calls through me. 

 I can take horse to the Pond. It is for the horse to drink.... That's it.

One thing is for sure... No one gives such a confidence which I give while taking options trade. you have to experience to believe it.

Good Luck to all!

TRADE

NIFTY

Nifty hit my weekly target on Tuesday itself. 11742 was my minimum expectation. It has hit 11800 and delighted everyone.

I gave 11800 ce buy around 32-35  and tr 1 48/ tr 2 58 given.. both hit...

That is the power of technical level...

Will post trade screen shot later 

NIFTY - MONTHLY LEVEL CHART

From my Desk @ 4.33 AM 29/10/2019

I have already posted my monthly level chart in this blog earlier. Now nifty is attempting to move above 11628 for the 3rd time in this series.  You may observe the bottom formation, good up move and consolidation between 11500-11600 and getting ready for an up move.  All numbers are available in this blog if you see my monthly chart posted on September last week.

September expiry closed at 11535 which was well ahead of nifty buy level. October month expiry should happen in a range of 11750-11850. Monthly expiry Close below 11575 is ruled out. 

Nifty range for the day 11584-11699

Bank Nifty                   29350-29700

Good Luck!

NIFTY VIEW THROUGH NOVEMBER CE & PE

The November CE and PE gives a clear idea about the journey of the nifty index and the reversal point.

The PE has lost its way and heading for a downside where as the CE is just poing its nose above my critical number indicating an upward journey.  Levels for members on board.

11600 CE SUGGESTS UP MOVE FOR SURE. 11600 PE HAS ALREADY LOST ITS CRITICAL LEVEL.

NIFTY LIKELY TO MOVE TOWARDS 11740 WHICH IS THE IMMEDIATE TARGET IN THE NEXT 2-3 SESSIONS.

LEVELS ON OPTIONS ARE ONLY FOR MEMBERS ON BOARD FOR KNOWLEDGE AND TRADE WITH PERFECTION.

GOOD LUCK!

OUR TRADING STYLE

This blog is totally dedicated to technical level.

Levels are given based on chart analysis and price action.

We follow 3 Monkey principles:

Do not See 
Do not Hear                                        NEWS
Do not talk about




We follow Traffic light system while on trade

STUDY THE TREND                   RED

GET READY FOR TRADE          AMBER

EXECUTE AND FLY                    GREEN   

NIFTY - EXPIRY WEEK TREND

The monthly expiry is very critical, where we find the index is trying to keep its head above previous month high.  

Last month high Nifty 11695.  

Nifty closed at 11627 on Muhurat Trading day. Considering the consolidation phase of last week, supports shifting upside, nifty is all set for a next leg of rally towards 11750/840.  SL is just 50 points down at 11573. 

Bank Nifty likely to touch 30100. Another 600 points from 29516.

Plan your trade accordingly with strict SL at 11575 / 29050. 

Good Luck!

MUHURAT TRADING

The index kicked off well on the first day of Samvat 2076. It was a solid day when 43 points were gained at the end of the session.  

Few positive points:

• It opened positive at 11662 which is 10 points above previous week opening.  Big Positive.
• It has closed above 11615,60 which was the last hour high on Friday. Big Positive.
• It has closed well above 11575 which was the congestion zone since last Tuesday. Big Positive.

Now nifty has strong support at 11575 and as long as this is held, one can be long in this market for next target of 11740.60.

Bank Nifty has also come out of 29050 zone and closed above 29500, looking for an immediate target of 30100 which is our entry point for buy zone, where as nifty has already reached buy zone inviting BN to join the party.

Be long in this week, for targets 11750/30100 with strict SL 111575/29050 on a daily close basis. 

Good Luck!

INDICATORS

The  11600 CE and PE indicates range bound move in nifty and  no positional trade possible. 

Both are trading much below the last month close of 171 and 225.  

Now CE and PE are trading at 73 and 67. 

So, October month is dominated by option writers who made money on both sides. 

My view on nifty is purely based on price action. 

As of now 11600 Ce and Pe is totaling to 140. So we can expect a range of 11440 to 11720 during next week from a close of 11580 on Friday.  

Any close below 11460 is bearish and 11720 is bullish.  You cannot have a better explanation on nifty level than this...Isn't it??

MY ADVISE TO OPTION TRADERS:

DO NOT BUY CE OR PE AND CARRY OVER, KEEP UNDER THE PILLOW, DREAMING OF BECOMING A MULTI MILLIONAIRE OVERNIGHT. 

YOU HAVE TO BE TECHNICALLY SOUND TO ACHIEVE THAT.

I WILL TELL YOU WHEN YOU SHOULD CARRY AND MAKE HUGE MONEY. 

BELIEVE IN 

                       YOURSELF

                        MARKET

                        TECHNICAL.

LEARN EVERYDAY.  PICK NEW LEAF.  YOU ARE THE WINNER.

LET THIS NEW YEAR BRING PROSPERITY IN YOUR LIFE.

I WISH ALL MY MEMBERS A VERY HAPPY DIWALI. 

I HAVE GIVEN THEM A SPECIAL DIWALI GIFT BY SUGGESTING 11600 CE ON FRIDAY FOR CRACKERS AND SWEETS EXPENSES.  

GOOD LUCK! 

NIFTY 50 - MY LEVEL

I am posting here the weekly level for 50 scrips. A close above this bullish and vice versa.

These are weekly levels and you should be in profit with in the week. 

NIFTY 50 SCANNER

The following scrips are likely to be negative during next week

ADANIPORTS
ASIAN PAINT
BAJAJFINSV
BHARTIARTL
GRASIM
HINDALCO
INFRATEL
IOC
INFY
LT
VEDL
ZEEL

Scrips with positive Bias

BPCL
EICHERMOT
HCLTECH
HINDUNILVR
ICICIBANK
MARUTI
SBIN
SUNPHARMA
TCS

Check for my level prices for shrot/long.

THANKS EVERYONE

My special thanks to all those mailed me for the perfect level of bottom 11491 made yesterday.  I am replying them all through this mail acknowledging their belief and confidence in me. 

We will continue to excel in our performance.  

Nifty 50 levels are in my kitty and I have already given my levels for the week which rocked. The levels will be posted this week also. Anyone trading in stock futures can use my levels and buy or sell depending on the daily close above or below my level.  Whenever you do this, use previous day high or low as SL and do trade. You should be in profit before the end of the week because the levels arrived are applicable for the whole week.

Good Day!

MUHURAT DAY - NIFTY AND BN LEVELS

Diwali trading day likely to have a positive opening where nifty/BN  tries to reach 11650/29550 to keep the sentiments positive, immaterial wherever it closes. 

Nifty range 11525-650   BN 29100-550.

During this week, I made an interesting observation. In spite of nifty touching lower levels, the buying comes in immediately and bulls do not give up the critical levels. It appears to be a bear trap when the recovery from bottom is more than 100 points every time. The approach we adopt is to wait and pick the CE. 

For example, yesterday we know 11600 PE can reach maximum of 150 when it was trading at 80/. we deliberately avoided buying PE and waited for PE to top out and then entered 11600 CE which was a risk free trade. 

My bet on nifty/bn is buy on dips as long as 11575/29050 is held on a daily close basis. Use the high low mentioned to enter and exit on long/ short to make gains. 

If nifty tries to make a big swing, we will not miss it for sure. In Tamil there is a saying, only a snake knows the move of other snake.  

பாம்புக்கு பாம்பின் கால்கள் தெரியும்

Good Luck !

BE READY

Nifty consolidating near 11575 and BN near 29050. Muhurat day trade holds the key for this monthly expiry which is truncated. 

Is one more dip possible till 11450? Can we see 11840 in this expiry?  

To break the suspense and foresee the likely expiry, we must wait for Muhurat trading on 27/10/2019 at 6.15 PM.

Any one interested in Nifty future stock futures and options may reach me.

Good Luck!

HAAPPY DEEPAVALI

READ MY POST

I have mentioned in the morning that nifty will take support at 11491 and that is the level where one should go long. Today nifty tested 11490 and went up to close above 11575.  That is the power of technical level. 

NIFTY CLOSE

I have clearly mentioned in my post that nifty is not allowing a close below 11575 and it has been proved right even though it went down to 11490 it again came up and closed above 11575.  see my posting made during the day today.

Index is in consolidation phase and we may see a next move probably on the upper side.

Wish everyone a very Happy Diwali and a Prosperous New Year.

TODAY'S TRADE

Mr Siva Prakasam of Coimbatore could pick up the trade at 47 and exited around 79.  Congrats!!

NIFTY TREND

Nifty is holding 11575 for the past 3 days and not allowing any big fall from there. Similarly, BN is protecting 29050 level.

One can short only if a close today is below these numbers. 

There is no positional trade as of now. Market is consolidating and preparing for next move.

NIFTY 50 SCRIPS

Following scrips likely to be positive during the day

DRREDDY
EICHER MOT
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDUNIVLVR
ITC
JSW STEEL
LT
MARUTI
NTPC
POWERGRID
RELIANCE
TATAMOTORS
TATASTEEL
TCS
TECHM
TITAN
ULTRACEMCO
UPL

Scrips continuing the negative bias

ADANIPORTS
BAJAJFINSV
GAIL
HINDALCO
INFRATEL
INFY
IOC
ITC
VEDL
ZEEL

With my prediction, one can make good fortune in futures segment.  Good Luck!!

NIFTY TREND

Nifty has taken a breather after a steep rally made during the last week. Bank Nifty has kicked of the week with a good gap up opening, but surrendered all its gain and hovering near Friday close.  

Last month high of 11694 and current month high 11714 are the two double tops made and a close above this is essential to start the next rally. 11771 is the most critical number which should be crossed which enhances the possibility of moving towards 12103 and above. 

No shorts if nifty closes above 11771.

Nifty likely to test 11491 today which is a good support.  It is prudent to go long at this level.  If nifty closes above 11652 today it is considered to be positive for a good opening for Muhurat Trading day.

Bank nifty may test bottom of 28848 which could be best support and likely to be held. 

Good Luck!

NIFTY 50 SCRIPS

The following scrips are going to be negative tomorrow:

Adani Ports
Bajaj Finserv
GAIL
Hindalco
INFY
IOC
VEDL

Bullish scrips:

JSW Steel
Bajaj Auto
Britannia
Maruti

Good Luck!

NIFTY TREND

Nifty and bank nifty has halted its rally and are exhausted as seen in the four hour candle formation. They have not lost the ground. There could be a minor dip up to 11475.  Be long only if Nifty closes above 11700 where you still have too many hurdles to cross.

TODAY'S TRADE

We traded 11600 CE twice today in the morning bought at 35 and my second target 66 was hit. It still went ahead to 98 even.

It again came down to 32 and we took position again and exited at 45/47.  

My best wishes to all Keerthi Jain who took 2100 quantity and made good profit. Congrats!!

ARE YOU INTERESTED IN LEARNING?

Many people fall in to trap with free tips or paid tips where the person giving trade either switches off the phone or absconds as the trade naturally fails. 

If you are good in basic mathematics, willing to learn, I can teach you the trick of the trade which will be an asset to you in deciding the trend and make money in the market.

Believe in yourself, Believe in the market and go by the numbers.  Success is yours.   I can teach you how to study nifty chart, understand the trend, identify the reversals well in advance and then pick trade at the right time. 

Of course, this learning is at a cost. But remember, this is an investment which is an asset.

Try it out. You can reach me at narayanansrirangam@gmail.com

OPTION TRADE

The following was the option trade for Tuesday given on Friday evening itself.  We waited for our prices. Patience paid...

Today's prices already given to members. We take few trades but sure trades. Option trades are not every day gambling. It has to be done only when you see the right buy price. That is the secret of making money in options. 

NIFTY TREND

The FOLLOWING SCRIPS TURNED BEARISH YESTERDAY:

BAJAJ FIN SERV
HCLTECH
HINDALCO
INFY


ITC AND IOC YET TO CONFIRM DOWNTREND.

Even though BN went up by 300 points, the effect was nullified by bringing down the other scrips. Index management or manipulation is very well done.

Enjoy...



INFY WAS IDENTIFIED ON FRIDAY AS SHORT CANDIDATE. THE CHART IS POSTED BELOW.

TDDAY TRADE

11550 PE buy given at 23 and target 46 hit.  100% profit.  What else you want?

NIFTY TREND

Nifty halted its rally at 11714 in spite of BN opened 300 points up.  The index management is so nice that Nifty opened gap down and finally closed below 11600. That does not look nice on the opening day of the week.

Both today opening and closing looks weak. Unless 11714 is surpassed there can be no long in this market.

I have identified INFY as short candidate on Friday to my Future segment clients. That went on well as the chart was clearly showing sell. I have posted my level and close price of all 50 scrips and in that you can find INFY lagging behind. That was the reason for us to go short in this scrip.

For tomorrow, ITC and IOC are two more candidates along with INFY ready for short. Are you ready?

Nifty 4 hour candle indicate some exhaustion and may take some breather. Bank Nifty has just started its uptrend. 

Non Banking scrips likely to have some correction and banking scrips are getting topped out during this week.

The overall trend is intact as 11491 is protected. BN looking good. We may perhaps see a flat to negative expiry this week. 

NO SHORTS PLEASE.

NIFTY TREND FOR THE NEXT WEEK

The nifty 50 scrips analysis indicate that all scrips are likely to continue the uptrend.

Key numbers to watch out in Nifty is 11770.40. This was the opening number of 8th July 2019 when the fall started. A close above this level, shall take nifty to next critical number 11840, being July month opening figure.  Once this number is conquered, creating new high is possible. But go strictly by levels. Remember above 11840 weekly close is essential for a good rally to surpass previous high.  

On the support side,nifty should protect 11491.20 to ensure further rally. A close below this means bears having upper hand.

Trade with caution as market may be choppy till Assembly election verdict is out. 

NIFTY 50 SCRIPS ANALYSIS

Last week I have posted my analysis in this blog with a very clear indication that Nifty is in consolidation mode with positive bias. This week the same trend is continuing and 45 scrips are bullish and closed above my level. 

Bank Nifty scrips have turned bullish and almost all scrips are likely to pick up momentum during this week. 

Remember a close below my level indicates weakness. Watch out on a daily basis. My level is valid for the whole week for these scrips.

NIFTY 50	My level	Close
ADANIPORTS	403.02	422.75
ASIANPAINT	1755.75	1810.60
AXISBANK	674.60	712.45
BAJAJ-AUTO	2952.83	3096.50
BAJJFINSV	8281.12	8315.00
BAJFINANCE	3974.13	4153.00
BHARTIARTL	357.65	384.60
BPCL	508.63	524.80
BRITANNIA	2987.65	3260.00
CIPLA	419.68	442.00
COALINDIA	191.77	206.60
DRREDDY	2654.72	2721.10
EICHERMOT	18814.23	20307.20
GAIL	129.03	129.90
GRASIM	679.00	747.00
HCLTECH	1075.42	1097.05
HDFC	2014.45	2095.45
HDFCBANK	1201.95	1228.15
HEROMOTOCO	2645.38	2653.00
HINDALCO	186.12	187.70
HINDUNILVR	1995.95	2103.95
ICICIBANK	423.03	438.35
INDUSINDBK	1272.78	1339.95
INFRATEL	251.07	260.50
INFY	789.02	760.00
IOC	146.90	146.15
ITC	249.18	247.05
JSWSTEEL	215.83	223.00
KOTAKBANK	1580.13	1617.90
LT	1420.98	1455.00
M&M	569.03	596.05
MARUTI	6885.92	7350.50
NESTLEIND	13948.10	14882.20
NTPC	117.87	120.75
ONGC	132.67	142.55
POWERGRID	198.07	203.15
RELIANCE	1342.83	1418.00
SBIN	255.22	269.40
SUNPHARMA	388.38	402.40
TATAMOTORS	126.48	137.05
TATASTEEL	338.75	361.00
TCS	2022.75	2030.70
TECHM	714.47	728.20
TITAN	1244.32	1278.00
ULTRACEMCO	4065.18	4267.65
UPL	586.60	592.95
VEDL	146.57	149.00
WIPRO	241.73	249.50
YESBANK	43.95	51.40
ZEEL	238.05	250.55

NIFTY .. WHAT NEXT??

We have seen nifty posting a decent gain of 360 points on a weekly basis when we have already given signal that support are shifting upwards.  Now if nifty is able to hold 11555, then we may probably see 11857 as per the monthly chart posted in this blog earlier. A mild dip up to 11510 looks imminent which could be a buy provided nifty closes above 11555 on a daily basis. 

Bank Nifty has to keep its head above 29425 on a daily close basis to reach 30100, which is the buy level for the month. Only  after reaching 30100, the buy level  for BN starts where as nifty is in buy mode above 11628.

Most of the scrips are bullish and it is going to be a cracking week before Diwali.  I will post my special analysis with numbers.  

Good luck to everyone!

NIFTY EXPIRY BLASTED

I have very clearly mentioned 11590 is possible. Next is 11628.  Enjoy!!!!

TRADE ON 16/10/2019

Yesterday we could pick 11500 CE at 22.50 and exited 29-30 levels twice in the morning session and that too the trade got executed in 4 minutes duration on both the occasions.  Afternoon we deliberately avoided CEs even though we knew the uptrend, as it is prudent to avoid risk on penultimate day of expiry.  

Tips for today's trade:  Be on the CE side and focus on 11450 CE and  28800 CE.  

TODAY'S TRADE

Nifty today made significant gain by closing above 11416, which was the low recorded on 25th September, 2019. If everything goes well nifty should close above 11491 tomorrow.  Supports are shifting upwards and we can expect maximum downside of 11305 in the event of intra day correction or profit booking.

Our today top level was 11460 posted in the blog yesterday and nifty obeyed the level and did not close below 11395 during the whole day on an hourly basis. That indicated the upside. But the CEs did not fetch any big gain.

Bank nifty has jut started its upmove today. Probably it may continue for one more session.   

Good Luck!

NIFTY TREND

Nifty opened positive today and clinched the level posted by me. We have bought CEs when nifty moved above 11342 which was the high registered during the last 4 hours of trade on Friday and exited at 11420.  See my level posted on Friday evening levels for today. 

Now you must know the power of the level and timing the entry and exit of CE or PE.

Tomorrow how market is going to react? How to catch CE or PE depending on the move? 

You will have a big surprise waiting from my end and we will post the best trades based on swing from both the sides.  

Remember, this week nifty opened positive. High made 11420 so far. Interesting thing observed is nifty made a low three days back 11090,  on Friday 11189 and today it is 11290. Low levels are shifting 100 points up everyday. Now a dip is possible upto 11240-50. This could be the maximum swing on the downside.  

CHART TELLS THE MOVE BEFORE NEWS ARRIVES

Most of the time I have observed that the chart intimates the moves well in advance. When all the 50 scrips of Nifty was scanned yesterday, I could not find any big trigger for a big rally from nifty closed yesterday. All banking scrips looking bearish and even the non banking scrips are not showing any big leap forward.   The dip in scrips is reflected through IIP data - worst showing in 6 years where manufacturing contracts 1.2%, fall in capital good production by 21%, 

BIGGEST EVER DECLINE IN IIP SERIES.

This means :  Data shows no sign of recovery

                      GDP Growth unlikely to pick up in Q2.

                      RBI likely to cut rates again in December

                      More fiscal measures needed to lift the demand.

Now after seeing the above message you visit my previous post with my levels and close figures of nifty 50 scrips. You may hardly find few scrips above my levels that too not having weight in index. That was the reason for me to say for sure that there wont be immediate rally towards 11400.

Secondly, unless a double bottom is formed near 11090, there wont be a big jump.  Now most of the seasoned traders will agree to my view even though they are bullish till Friday close.

Now prepare yourself for a downside up to 11140, where value picks will be done by big investors or FPIs.  We should wait for 11140 for a meaningful long.

I can say with confidence that only HDFC bank results can lift the bank nifty by more than 1500 points and we can see 1260 by 24th expiry and 1320 by Month end expiry.

I have contributed to few forums like sgxnifty and nifty sgx on their request, but I do not find any value addition as everyone stick to their own convictions without knowing the levels and technical. I opted myself out of these forums to focus more on clients.

Soon I will be developing a tool in EXCEL where in you can key in the basic data on any scrip of your choice and that will give you the buy level, SL and Targets.  It can be used for positional as well as intra day trade  for index futures and stock futures and options.  

NEXT WEEK... ANY GUESS?

When you analyse the numbers with much concentration, you get to know the trend for the coming days. The foot steps of nifty during the last week is to be understood in order to precisely predict the next week levels.

Nifty opened gap up 11196 from a previous week close of 11174 and ended positive at 11305.

Nifty made an intra week low of 11090 and took support near 62%  retracing level of 1000 points.

Nifty made a close above 200 DMA which gives some confidence but it must continue during the next week also to ensure onward rally.

The problem is with Bank Nifty which is still hovering around 28000 and did not help nifty to move up. Yesterday's rally was purely out of non banking scrips. Unless BN scrips give support nifty alone cannot host a party.

As per my earlier post, since 12 scrips are bullish and 12 bearish and remaining 25 scrips are going to be in sideways / consolidation, I expect a swing low in nifty anywhere between 11090-11189, say 11140 where nifty should reverse strongly next week.This moment could be flash and you can see nifty immediately closing above 11196.  

For Bank Nifty, results of HDFC Bank should be the trigger point, to start a fresh rally.  27450 should be ideal level for bounce.

Good luck to everyone !

NEXT WEEK TREND

12.10.2019 @ 6.59 AM

As per the study by our research team, The bank nifty scrips are trading below critical levels and it should take another week of consolidation to move up.  The table is as below:

All the BN Components are not ready for any big trigger. So let us look for a consolidation.  A close above my number can only take BN index forward.

Nifty 50 Stock analysis says 12 scrips are bearish and 12 are bullish, and other scrips likely to continue the same trend of last week. This consolidation likely to take nifty to a bottom near 11150 before making a big move. I will give nifty trend for next week in a separate posting.

Those interested in stock futures can follow the table and make decent gains.

NIFTY TREND

Nifty has closed with a positive bias on a weekly basis after two weeks of volatile moves. Nifty has formed support at 11196 and we expect the ongoing momentum to continue till 11491/512/542. For all longs 11196 should be the stop loss. 

Bank Nifty is still looking weak. The major components of BN does not seem to make any big move in the next week leaving the nifty move also a big question mark.

The results of HDFC Bank and Axis bank should give direction to Bank Nifty. Kotak Bank results on 15th may bring cheers if it is able to hold to 264 level. 

Monday intra day levels have been posted. Good Luck to every  one and have a happy week end!

NIFTY TREND

11/10/2019  @ 7.17 hrs

Today nifty must hold 11196 where it opened on Monday. It was a positive opening and in order to ensure forward move it must close above this. We do not look at any other parameter. 

There are least possibilities of revisiting 11090 since the bottom is made near 62% retracing level of (10690-11694) 1000 points rally.

A weekly close above 11274.20 where it halted on the day 20th September should add further momentum to nifty during next week.

If nifty closes above 11321, which was this week's high so far, it would be the best.  

Today's range : Nifty 11175- 11325.  Bank Nifty  27750-28750. 

BN intra day swing of 1000 points has become a daily affair.  Any wrong side position in options or futures will wipe out your capital. market does not have heart and no place for mercy.  Read these lines 100 times to understand the type of business you are in.

Good Luck!  

PS: My best wishes to all those who have joined recently and my only request is to follow disciplined trade which I am teaching all of you. 

EXPIRY TRADE

11/10/2019 @ 7.08 Hrs

The screen shot explains the expiry trade. Perfect entry and smooth exit.  Doubled. Entry at 14.08 Hrs and exit 14.23 Hrs. Just two lots to have less tension.

Congrats to Mr  Ravi Purushothaman who made 7300 out of this trade. Screen Shot is given below:

WELCOME TO BE A MEMBER

Any small trader willing to learn and earn through my levels, pick  2-3 trades of doubling in a month can join as a member. I will give trade in options everyday with strict SL and where ever doubling happens I will give prior warning so that one can see fortunes coming in their favor.  It is for you to monitor your performance as I will give the best levels and perfect trade. No false promises, no profit sharing bla bla... Trade any quantity any volume. If you are picking the correct trade you deserve to win. 

Most of the small traders are losing money in options as they are not aware of the basics playing vital role in option price movements leading to failure.

Reach me on email for further information.  narayanansrirangam@gmail.com

Good Day!

BE SIMPLE.. FOLLOW NIFTY

As a trader in options segment, you must have all numbers in your finger tips.  Then only you can win the game. The messages what ever I am giving here is not only a guide to you, but useful for all future trading.  Every trade follows a pattern for it perfection, whether it i engineering or Chemistry or aeronautics.  

Same way, Stock market and especially options segment is a very interesting segment where more observation and sharpness is needed.  

To make it simple, it is just a number game, and you have to have sharp memory and good in simple mathematics. No algebra and no linear programming techniques needed. 

I am thankful to Mr Saravanan, Chennai for his absolute knowledge in mathematics and statistics who never makes loss in options trade. His trade rule is simple.  Never make loss. He is brilliant!  Hats off to his strong basics and his toughness when it comes to trade. 

EXPIRY TRADE

If you want to do expiry trade, then you must know the foot steps of nifty for the week.

On Monday it opened gap up at 11190, higher than last week close of 11174. It is positive.

On Wednesday, it came down to 11090 bu respected the retracement of 61% - 11060.  Positive.

On 9th October, it closed above 200 DMA with a handsome daily gain seen after 23rd September 2019.  Positive.

It has closed above 11158 which was last week low.  Positive

Now you must judge where it is heading.  One cannot be bearish for at least 2-3 sessions.  Nifty is heading for 11400/480 levels.  For the time being the bottom is done.

You can read my yesterday's message clearly indicating reversal around 11050-70 levels which has happened.

Option trade has been circulated to members on board for the day.

Good Luck to everyone!  Have a Good Day!

YESTERDAY'S PERFORMANCE

The performance of Options trade is given below. The trade was given in the first hour of trade with three targets and all targets hit.  The power of trading with levels and perfect entry... Try out the level which is posted here free. Or else be a member not to miss such opportunities. 

11200 CE closed at 139 and 11150 ce closed at 186 but even with our T3 exit we have made good money.  

Good Luck!

THE ONGOING CORRECTION. WHERE IT IS LIKELY TO END?

@ 7.30 AM. 9.10.19

The ongoing correction still has more left as there are no signs of reversal seen till Monday market closing hours. The rally from 10690 to 11694 - 1000 points rally- has already retraced 50%  and closed below 11192 and staring at 11071 which is 61.8% .  As per technical, nifty should take support around 11050-11070 to resume its uptrend. 

If it breaks below 11k, then my reversal at PINK is for sure. You can confirm similar reversal at my level during last month. 

Best Wishes

My best wishes to every one on this auspicious day! Vijaya Dasami! Vijay means victory! We pray for victory in our venture, victory over enemies and victory in every act!

EVENTS OF THE WEEK

EVENTS OF THE WEEK TO WEIGH ON INDEX

1. INFY and TCS earnings are expected on Oct 10 and 11.

2. Macro number IIP data for August is released on August 11.

3.India China Meeting at Mahabalipuram, Chennai on October 11 to 13.

4. US Jobless Claim, Fed Balance Sheet, Money supply data release on October 10th and Consumer Sentiment Baker-Hughes Rig count on October 11. 

5. Commerce & Industry Minister Mr Piyush Goyal's ministerial meeting (RCEP) at on October 12th at bangkok, where India is expected to eliminate duties on 74 to 80% of goods imported from China under the proposed agreement.

NIFTY TREND FOR THE DAY

US market has closed positive with 1.4% gain over the previous day. But has witnessed highest volatility during the whole week.  

Our market has ignored all critical levels and closed below 20,50,100,200 DMA. This kind of a weekly close is not good on the first week of October 2019.  Most of the scrips have slipped from the recent high and still heading for more correction, especially banking stocks, Axis bank could be an exception.  

Any bounce back looks like sell on rise. 50% of Corporate tax rally of 1000 points from 10700 is wiped out as we stand at 11174. If nifty reaches 11100/10791 to take support for next rally it is not a wonder. Bank Nifty may take support around 27100. 

11554 was last week high and low is 11158.

A positive opening today without slipping below 11205/158 is very critical for the day. 

Option trades suggested to members on board with buy levels, SL and Tr.

Good Luck!

HOW TO USE LEVELS AND BE IN PROFITS?

One can reach me on email : narayanansrirangam@gmail.com to understand and use the levels effectively. If you want to be a member, you are welcome. The basic requisite is you should have love towards numbers, non-greedy and a thirst for learning. 

I can teach you and by doing this we learn new things everyday. Market is supreme and we must pick new leaves from the book everyday. 

I have started posting option performance from yesterday not for the sake of boosting one self, but to make everyone aware of the opportunity miss. Because we cannot afford to miss what we already know beforehand. 

Good Luck!

NIFTY WHERE IT IS HEADING?

05/10/2019  @ 5.23 Hrs

You can check my post on 3/10/19 where I have clearly mentioned that nifty is heading for 11060 if it is breaking 11250. Those who observed this week posts, have been thoroughly warned not to be bullish when the opening setup was bearish and it was a downtrend till Friday.  It was not a magic, but a sheer analysis of numbers before your eyes.  Read all my posts and come to a conclusion.

The daily intra levels are posted here for traders to understand and use it effectively.  Any break on the up side takes nifty up. But yesterday it was holding up side till policy but unable to move up. But on the down side it broke 11278 and drifted down very fast.  

All PEs came in to Buy and  11200/300 PEs came in to buy at 38 and 63 and hit the target of 115/158 yesterday. I am giving below the performance of yesterday as below:

I have given levels and prices before market opening.   The charts of 11200/300 PEs are shown below:

All these are possible when you use the intra day level effectively and use my option buy levels given prior to market opening. 

Good Luck!

TODAY PERFORMANCE

Nifty was holding 11368 for a very long time till RBI Policy outcome, but it could not retain the same and started sliding down.  I have very clearly mentioned that there could be 150 point movement on any side.

Also I have given the monthly chart giving reason why we are not bullish.

Our members could make money on both the trades. on 11500 CE they could make small money. But my PE buy levels were so perfect on buy as well as target.

I reproduce my today's option trade chart given to members.

All my members follow the intra day levels of bank nifty and nifty with high discipline and they take trade based on that. We bought PE wen 11279 was broken. You can see the intra day chart posted today.