Thursday, 19 December 2019

NIFTY TREND

Nifty - The story repeats. Nifty is still in buy mode, but the increase is 30-40 points everyday where the option premiums are hiked in the last 30 minutes that too marginally. Last weekly expiry went off in expected lines. I have indicated 225 points from 12023. Check the close yesterday. It is 10 points above my expectation. 

Technical analysts say nifty is overbought and warn you to be cautious. But the fact of the matter is no one can stop nifty from kissing 12310/367. Till such time gap up,  holding the high and not touching the previous day low... all these things might happen. 

Today's range is 12225-12295. Bn 32150-32400.

Key numbers are 12223 Spot  ( 12238 in Futures) and in BN 32240 Spot ( 32289 in Futures).

Good Luck

thiruvalluvar photo drawing க்கான பட முடிவு

கூடா ஒழுக்கம் -  Inconsistent Conduct


மழித்தலும் நீட்டலும் வேண்டா உலகம்
பழித்த தொழித்து விடின்.    # 280

மு.வ : உலகம் பழிக்கும் தீயொழுக்கத்தை விட்டு விட்டால் மொட்டை அடித்தலும் சடை வளர்த்தலுமாகிய புறக்கோலங்கள் வேண்டா.

What's the worth of shaven head or tresses long, If you shun what all the world condemns as wrong? 

There is no need of a shaven crown, nor of tangled hair, if a man abstain from those deeds which the wise have condemned.


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