NIFTY TREND

This week So far

Nifty has opened gap and hit 12430 and reversed from there. My number was 12427 for reversal which I have mentioned in the blog earlier. 

This week we have so far seen a swing of 268 points ( 12430-12162).  The fall on Monday was a very long red candle in the chart and the follow up on Tuesday also was negative.  Nifty setup is weak.

Cues for Wednesday:

The start for Wednesday likely to be tepid, the up side is capped to 12250 where as the lower is wide open if 12152 is broken.  Bears likely to rule for the next two days and one should be careful and look for a reversal as the downside is much limited. Exact reversal levels only to members on board.

Range for the day : 12140-12251.  Bn 30700-31700.

Option trades suggested for members on board. 

Good Luck!

கடைக்கொட்கச் செய்தக்க தாண்மை இடைக்கொட்கின்

எற்றா விழுமந் தரும்.   # 663

மு.வ : செய்யும் செயலை முடிவில் வெளிப்படும் படியாக செய்யும் தகுதியே ஆண்மையாகும், இடையில் வெளிபட்டால் நீங்காத துன்பத்தைக் கொடுக்கும்.