NIFTY NEXT WEEK AND AHEAD...

The chart clearly says that the gate for the downside move has opened up for nifty and it is just waiting for Bank Nifty to join the party. It could be anytime during next week. News may follow but chart has already indicated the fall.  I never go by news. For me the price action and chart that matters.

The quantum of fall and rise is already predetermined and the moves are written on the wall.  No  good / bad news can deter the moves of indices.  Poor IIP data, Worst year to year core sector output, higher inflation, Real estate still not picking up, new bank scam.... bla ...bla... you name anything. Market does not bother about all these things. 

My advise to retailers : 

 DO NOT SHORT INDEX OR NIFTY INDEX SCRIPS.  THERE COULD BE CORRECTION OF 300 - 400 POINTS. YET NIFTY SHOULD RAISE AND MOVE UP FOR A NEW HIGH WHICH SHOULD BE MINIMUM 12484. FOR BANK NIFTY 33058. THESE ARE TARGETS TILL DEC END. I MAY REVISE THE NUMBERS AFTER THIS MONTH EXPIRY.

Half knowledge, taking views from forums, believing the words of so called experts who appear on TV, not doing any home work before picking trade lead to not only capital erosion, it also wipes off your confidence level with mind filled with fear. 

Most of the option players are still believing that options trade is a luck. I do not believe in that. It is purely technical as well as mind game. 

The big fishes are successful because they know how your mind functions. Now you should do the same to win over the situation and make profits.  I hear true stories of people losing lakhs and crores of rupees in market without understanding the technical and falling into the trap. 

The reason for failure is they do not know when not to trade.  They pick trade when nifty travels in no trade zone.  I inform no trade zone to my members every day and ask them not to pick any trade giving the levels and numbers. 

Secondly they lack technical knowledge and exact buy levels.  I give the perfect intra day levels and the best buy price with strict SL and targets for the day. In options you must plan all these numbers before you enter market.  You may or may not be aware that operators do their trade through Algo, where they keep all orders of buy and sell which goes on and on during the day. They fix the top and bottom numbers on index for buy and sell where as most of the retailers do not have any idea of top and bottom.  But I give these to my members for index as well as option strike prices Ce and PE. When big operators have set a mode for trade we should also follow such a path. Every move in market is well planned and executed by market movers. Keeping index in tight range for 4 hours and suddenly moving up or down by 100+/- means big muscle power by big operators. They read your mind and execute the game perfectly. You must read this paragraph "N" times to understand and realize the fact of the matter. 

My wish is be a good learner, planner, set your daily goals, protect well and money will follow you.

One may reach me on narayanansrirangam@gmail.com for trade in options segment. 

Good Luck!

Good Luck!