NIFTY WEEKLY TREND - EXPIRY WEEK

Nifty close during the last Friday was an ATH close after making an all time high of 12293. Technically Nifty goes into SELL only if it closes below 12211 on a daily basis during any of these two days before expiry.  

If you start buying PE or shorting Index futures, relying on the views of so called EXPERTS saying correction is due technically, you will be burning your cash. I may be harsh in saying this with too much of confidence, but the fact of the matter is that no one can stop nifty from moving another 200 points from 12259.70, being previous week expiry close. During the last 3 months, we have witnessed 867,295,182 points surge in the index during the last week.  As the exchange has started insisting on physical delivery of stocks from shorter, the scrip and nifty moves up due to short covering.  Plan your trade accordingly

From the Friday low of 12252, I assume at least 180-200 points upside in nifty. This expiry could see 12425-450.  Bank Nifty 32600/725.  BN may not give up 32199 being the Friday Low. 

Good Luck!

சிற்றினம் சேராமை -  Avoiding mean Associations

சிற்றினம் அஞ்சும் பெருமை சிறுமைதான்

சுற்றமாச் சூழ்ந்து விடும்.   # 451

மு.வ : பெரியோரின் இயல்பு சிற்றினத்தை அஞ்சி ஒதுக்கும், சிறியோரின் இயல்பு அதையே சுற்றமாக எண்ணித் தழுவிக் கொள்ளும்.

The great of soul will mean association fear; The mean of soul regard mean men as kinsmen dear. 

(True) greatness fears the society of the base; it is only the low - minded who will regard them as friends.