Nifty has been moving with in the defined range and obeying all the downside levels. Monday low is very crucial to watch for. Whether it is going to break 11888 low of Friday or it is going to move above 11936 is important. The direction can be picked based on these numbers.
On bank nifty, it should not break 31050. If it crosses 31700, then the outlook is positive. Range for the week is 31000-32400.
Good Luck!
PS: Those willing to take Option trade may join with me for a learning, and pick trades. You may reach me on email.
பொறை உடைமை - The Possession of Patience, Forbearance
ஒறுத்தாரை யொன்றாக வையாரே வைப்பர்
பொறுத்தாரைப் பொன்போற் பொதிந்து - 155
மு.வ : (தீங்கு செய்தவரைப்) பொறுக்காமல் வருத்தினவரை உலகத்தார் ஒரு பொருளாக மதியார்; ஆனால், பொறுத்தவரைப் பொன்போல் மனத்துள் வைத்து மதிப்பர்.
Who wreak their wrath as worthless are despised;,,
Who patiently forbear as gold are prized. -155
(The wise) will not at all esteem the resentful. They will esteem the patient just as the gold which they lay up with care.
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