NIFTY TREND

Nifty opened 60 points down, and with in 15 minutes formed a low of 11679 and was trading above 11700 most of the time. Only the last hour of trade we could see a roller coaster and nifty broke the morning low and formed a new low of 11639 on the penultimate day of February expiry. The close is below 11700 and the nearest CE 11700 closed at 45 when the index closed at 11778. Irrespective of gap up opening this CE cannot move from 45 and has to shed some premium.

Strategy for tomorrow: If nifty is not visiting 11639 during the first one hour of trade that will be the first indication of nifty moving up. The index should not give up 11667 on hourly basis as well as till 1 PM. Then there are brighter chances of hitting 11756 by EOD. 

But as on close today, we do go with some hope of a recovery tomorrow after having seen a fall of 440 points from 12080 to 11640.

Be mild on your bets today. Those want to pick safe trades must go for 11900 CE of next week expiry. Adopt buy on dips with strict SL.

Range for the day

Nifty 11590-863  BN 30000-30650.

Good Day!

NIFTY TREND

Nifty opened gap up but it was all over in a few minutes and it started near previous day close and it took long time before it touched the ultimate target set for the day. Even though PEs were recommended, the down move prevented retailers from enjoying premium on PE due to time value.

Final target is 11740 where the gap created on 4^th February is likely to get filled.

Range for tomorrow : Nifty 11740-865  BN 30250-30600.

Good Luck!

Hope you are also viewing the telegram channel  by name Option Ryders. You may get posts during market hours. 

NIFTY TREND

Nifty opened gap down by 6 points, could not reach our modest target of 12161 and ended up below 12100 at 12082.80.  Whether it is a expiry move or it is an indication of further weakness to come, only Monday opening gives us the answer.

So far Nifty has broken 11929 twice in this month, once on Budget day to touch 11614 and during last week to reach 11908. Monday opening is crucial.

Nifty range for the week is 11775-12137.  If 11929.10/908 is broken, we may happen to see 11778.

Bank Nifty too likely to visit 30390.  Range for the week  30390-31012.

37 scrips are melting down. 4 scrips are reversing from the bottom. 9 scrips are sideways.

Good Luck!

NIFTY TREND

Nifty opened gap up by 90 points which was much expected and remained bullish throughout the day just shying away from our top number by 1 point.

The CE recommendations were exited with handsome profit in the morning itself. Afternoon session was also profitable with mild gains as we knew the target could also go through.

Strategy for tomorrow:  Buy on dips is recommended for tomorrow where we can focus on next week CE 12200/250 for low investment and good gains.

For current expiry only 12000 CE is suggested for which we need to wait for best entry price.

I have opened a channel by name Option Ryders in Telegram. Those interested may peep in.

Good Luck!

PS: I am getting emails and messages that persons are getting immense benefit out of my blog. Even by reading this blog they are able to make profits. 

I wish them good luck and be in touch with the blog which is a pleasure for me.

NIFTY TREND

Nifty opened gap down after a very long gap, but we could track each and every level on the down side and treaded carefully to avoid trapping at the end of the down side rally. It was a perfect trade till 11929 and there after just 20 points down which we avoided. 11929 was identified as the reverse level and we went long with CE options.

Strategy for the day : Focus on 12000/12050 CE of current week or next week expiry and this should give fabulous returns. Stop loss for this long trade is 11929.10.

Always accept that market is supreme.  We are a small investor and if we want to remain in market to make our earnings, we should develop patience, identify the levels and wait for the direction. Your capital is immaterial and you can grow with a very small amount.  Remember, ocean does get more water out of little drops of rain than from the rivers.

Nifty level - 11936-12136  Bn 30337-30891 

Good Luck!

HONEY I DECODED NIFTY

Yes. The nifty levels and directions have been decoded and we make profits with absolute precision.

Those interested may contact me on what's app. 7010419004

NIFTY TREND

Today nifty went ahead and touched 12247 and also broke the previous day low. Higher high and lower low formation is made there by widening the trading range in the coming week.  

Bank Nifty already looks weak, could not support the falling nifty and that too ended negative. 

There is a mixed signal indicating end of up trend started from 11614.  We need to get confirmation on Monday if nifty is not able to cross 12197.80.

Monday we expect a tepid start with nifty trying to clinch previous expiry figure 12179 and 12198. Down side on Monday could be deeper than what happened on Friday. It could be somewhere near 12010. 

Shorts can be initiated at 12198, for a weekly target of 11950/870.  SL 12248.

Be ready for a down side move. The real picture starts on Monday only. Today was a trailer.

Good Luck!

NIFTY TREND

Nifty weekly expiry ended below 12200. It has negated the formation of higher high and higher low. Yesterday it did not move beyond 12232 and also broke the 12144 being previous day low. We need to see how the nifty behaves tomorrow, whether it is able to climb above 12232 or ending below 12139. 

This decides the move of nifty for next week. Those who are familiar with weekly expiry understands the meaning of the numbers.

Good Luck!

NIFTY TREND

Anyone interested in learning technical may contact me at narayanansrirangam@gmail.com

Spend your time on learning before you jump in to the ocean of options trade.

NIFTY TREND

Nifty opened gap up for the third consecutive day of the week, this time keeping its head above 12161 and remained above this level throughout the day. It has been forming higher high and higher low for the past 2 sessions showing its inclination to clinch 12300 in this week.

A perusal into Option chain OI indicates covering of shorts in 12100 and 150 CE reducing their loss due to call writing. Huge Put writing is seen at 12100/150/200 strike prices, especially in 12200 PE suggests that the ongoing rally can continue on expiry day. But the crucial level of 12158/161 should be held for the day. 

On the whole, today could be a big battle for both bulls and bears where ultimately bears may have to give up as the index is forming higher high and higher low.

Today being weekly expiry, keep your bets mild. 

12200 Ce likely to come under pressure as it has the second highest OI buildup. Best entry price and target given to members on board for this strike price as jackpot.

Good Luck!

NIFTY TREND

Nifty opened gap up above 12100 and immediately captured 12161, being last week high. At the end of the day it pared 50% of the gains and closed at 12108, exactly at the place where it opened. In the process, the PEs below 12050 and CEs above 12150 have been eroded. I would rather call it an operator foul play as there is no technical term is there to describe such moves. 

Range for Nifty today : 12080-12190.  BN 31200-31600.

HIGH ALERT:

DO NOT SHORT THE MARKET.

NIFTY TREND

Nifty closed at 12032.50, LTP was 12038 giving a clear indication that the down side is much limited. We can see a swing of 100 points on the down side today and with that nifty should make an up move. Both nifty and bank nifty are still in buy mode and never gone in to positional sell. 

Up side in nifty is possible whenever nifty is able to cross 12138 during this week. Target 12275.  n the lower side 11800 looks possible only if nifty breaks 11945. 

In short the range is 11950-12150 for this weekly expiry.  

For bank nifty the range is 30750-31470. 

Trade with caution as both up and down side looks limited.

Good Luck!

PS: Those interested in picking technical knowledge and do trades as per technical can approach me. This enhances your knowledge, develops patience, and make you pick perfect trade instead of wasting money without knowing the moves.

NIFTY TREND

Nifty closed at 12098, 50 points lower than previous day. The LTP was 12086, which signals a probable gap down opening.
Next 2 days could be crucial as we may see some sideways move.
11948 offers strong support.
Good luck!

NIFTY TREND

The weekly expiry closed 100 points above the previous week expiry after hitting a low of 11614 and making a weekly swing of 546 points. In the process all the shorts have been crushed like a elephant damaging the sugarcane garden.  

Yesterday I have clearly mentioned that nifty opening above 12100.40 means nifty wont give up 12100 and it obeyed the rule.  To understand the significance of 12100.40, you  must follow the numbers. 

Now one must get ready for the next week move of nifty. The ground work has been done for identifying the weekly swing. 

Nifty is in uncharted territory for the next week with 12525 as the next target. Supports are shifted down side with 11998/940/470. The previous week high of 12216 is the immediate hurdle for nifty and beyond that 12272 is the next resistance which are to be crossed to make a new high above 12430. Index is likely to move in a range of 11950-12200 before making a leap to cross 12430. 

For bank nifty too the supports are shifted down with an upside target of 32060.  31210/31112 are strong supports for next week.

With these numbers we are planning our trade and now that all numbers are given one can take trade by simply reading these levels and mint money. 

In short next week expiry is likely to be a consolidation week and you  can expect cracker works after 17th of February to see new high.

Those interested in learning, having patience do contact me. Shun greediness please.

Good Luck!

TRADE SCREEN SHOTS

The following are the trades taken by few persons, who sent their trade to me after market hours. This is not to prove the talent and abilities.  This only shows that taking trade as per levels and waiting for buy prices gives returns.  There are few who makes big returns with huge lot sizes do not share the screen shots.   

You will see such postings regularly. All these trades are through thorough learning of the members who go by numbers and levels.  That is the power of learning!

Learning is power, Absolute power is absolute learning!!

 

NIFTY TREND

Nifty has bounced back with a gap up opening and never looked back and ended the day with a gain of 270 Points. It has halted at the place from where the down side started on budget day. All the multiple resistance levels were crossed yesterday. Now what is left is 11980-12035 hurdle is left out. 

Nifty can move up to 12105 which could be the resistance point for the week. 

Even in my previous blog I have clearly mentioned that the weekly swing of nifty is complete indicating that there is no further down side.  Those who bought PEs were clueless about this up move. We could predict this move on Monday evening itself. 

For today the range is 11800-12050     BN 30300-30900.

Good Luck!

NIFTY TREND

Nifty opened gap down on Monday after witnessing a huge down side on Budget day. Index recovered from a low of 11614 and most of the time traded in the positive territory during the day.  If Nifty does not revisit 11614 during the first of Tuesday, then it is confirmed that this could be the low for the week. 

Nifty has multiple resistances as it moves up. 11802,11832,11886 and 11929. Since all these supports have been broken on a single day, it would be unreasonable to expect a big bounce back. 

With RBI Policy outcome due on 6th February 2020, the above levels are likely to act as stiff resistances.  

Trade with extreme caution as both PE and CE likely to give very limited returns. 

Range for the day : 11640-11802.   BN  29850-30400.

Good Luck!

PS: Those looking for positional trade may contact me. Intra day trades leads to disappointment and stress.

NIFTY TREND

We have already predicted the nifty trend to be on the down side irrespective of budget outcome. In fact the target of 11800 has been broken on budget day and it has touched a low of 11633. Next 15 days is going to be bearish. Any bounce is a sell on rise. Target on the down side is 11303. One can buy 11500 PE when nifty bounces to 11925-990 level once during this week.  11500 PE entry price SL and Target given to members on board.

Good Luck!