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!