NIFTY TREND

On the first day of the week, Nifty opened with a healthy gap up but surrendered not only morning gains but also 50% previous day gains there by landing in a precarious situation.  Now only  a decisive close above 12103 can only lead to new ATH. 

Yesterday, the opening suggested no trending and we abstained from trading the whole day. 

The strategy you must adopt for the day is to go long only above 12103 for a target of 12147/225. And be short when you see 12023 is broken for a target 11946.

Be cautious in your options pick as today is also likely to be another range bound day looking at the options pricing. Intra day swing could be around 100 points for the day.

If you find Nifty around 11935-49, you must grab month end CE for multiple returns. 

Good Luck!

 மெய் உணர்தல்  -   Knowledge of the True

ஐயுணர் வெய்தியக் கண்ணும் பயமின்றே
மெய்யுணர் வில்லா தவர்க்கு.  # 354

மு.வ : மெய்யுணர்வு இல்லாதவர்க்கு ஐந்து புலன்களின் வேறுபாட்டால் வளர்ந்த ஐந்து வகை உணர்வும் முற்றப்பெற்ற போதிலும் பயன் இல்லை.

Five-fold perception gained, what benefits accrue To them whose spirits lack perception of the true? 

Even those who have all the knowledge which can be attained by the five senses, will derive no benefit from it, if they are without a knowledge of the true nature of things.