NIFTY TREND

Nifty opened gap down  at 12261 on the last day of the week again shying away from previous high of 12293, made a high of 12265 and touched 12191 at 2.55 Pm and closed at 12225. It was a day where even PE price action was much suppressed till 3 PM.  It moved with in the price band of 12289-12195 recorded on Thursday. 

It is not worth taking position and keep waiting till end of the day to book profits on a downward move. Better to avoid trade on such days.  In options segment time element is more important than any other factor. 

Nifty and Bank Nifty are both on sell on rise mode. The next week range is as below:

Nifty 12065-12408.    Bank Nifty - 31750-33000.

A daily close below 12225/ 32320 lead to 12065/31750. If nifty is able to cross 12282/32443 then we can see 12395/33000. 

NO TRADE ZONE 12225-282    BN 32320-443.

Watch these numbers.  Trade with caution. Do not predict market. Go by the numbers and be with the trend. 

Good Luck !

அன்புடைமை -The Possession of Love

புறத்துறுப் பெல்லாம் எவன்செய்யும் யாக்கை

அகத்துறுப்பு அன்பி லவர்க்கு.          #79

மு.வ : உடம்பின் அகத்து உறுப்பாகிய அன்பு இல்லாதவர்க்கு உடம்பின் புறத்து உறுப்புக்கள் எல்லாம் என்ன பயன் செய்யும்.

Though every outward part complete, the body's fitly framed; What good, when soul within, of love devoid, lies halt and maimed? 

Of what avail are all the external members (of the body) to those who are destitute of love, the internal member.