LONG TERM INVESTMENT IN EQUITIES

If any one is interested in investing in equities for long term, may get in touch with me and I will suggest the scrips with levels, charts, entry and exit prices  with strict SL. I will also mention the approximate period by which it may hit the target.  One may reach me on narayanansrirangam@gmail.com.

Good Luck!

IOC- FUTURES OUTLOOK

The Scrip IOC had recently seen a low of 73 and is still limping.  The bullishness is likely to resume if it is able to close above 81.40 on a daily close basis. Target 93.

For accumulation in cash segment for long term investment, one should wait till April 3rd week to confirm the bottom of this scrip. 

Good Luck.

NIFTY TREND

Nifty could scale up to 9039 on Friday, but it was only for few hours and again rolled down to 8500 level and finally closed at 8660. The weekly candle is green with a close above 7945 and slightly below 8745. The quick recovery and a sharp bounce has given nifty a better look on a weekly basis. But it is still not out of the woods.On a monthly basis, this is the worst ever fall from 11433 to 7511, almost 4000 points in a month. 

In my last message I clearly indicated 7945/8355 which are key numbers for nifty to take directional move. Hope you have enjoyed the rally.

Range for the week for nifty and bank nifty is as below:

Nifty  7450-8670   Bank Nifty 17800-20600.

Wait for reversal near 8150/18600 to pick CE. PE can be taken if Nifty/ Bn  breaks 8535/19700.  Till then one should exercise patience. Target is 8150/18600. 

The 8700 CE and PE option prices closed at 320 & 401 respectively. Needless to say it is abnormal. Till the time you see the total premium on ATM strike price reaches 300-350, you must exercise utmost caution in index options.

Good Luck!

NIFTY TREND

Nifty did bounce more than 300 points on expiry day. It was a very rare occasion where we could see most of the gain was retained despite high volatility. Since Nifty could close above 8555, we are likely to see some more upside till 8883 which happens to be the previous week high. 

When nifty is able to surpass the previous week low and expiry numbers which are similar to hurdle race, nifty now is ready for pole vault to cross 8883.

The VIX is high not allowing CE holders to make money.   

Range for the day: 8390-8883  BN 18800-21100.

Good Luck! 

NIFTY TREND

Nifty outperformed yesterday. The key number 7945 was crossed and it brought smile in the face of all retailers and big cheers in the market. How come this was precisely predicted ? 

I have posted in Just in time in this blog so that none of my readers miss such a golden opportunity.

This expiry is going to be positive and nifty may gain further on expiry day also.  Reason is still Bank nifty is yet to start its performance. It has just reached out near last week low o 18675.  Closed at 18481.

Nifty and Bank Nifty may try to clinch 8698/21100 in this week. It could be either today as a surprise to all investors or tomorrow. But we are sure to see another 300-400 points up side from 8300.

Range for the day:

Nifty 8178-8580  BN 17850-20500/21100.

Good Luck.

NIFTY TREND

Nifty has opened gap down and opened at 7945. The trading got suspended due to nifty hitting the lower circuit limit. Even after resuming the trade after 45 minutes halt, it did not show any inclination to move up.

Today's opening is very critical for this weekly expiry. Unless 7945 is crossed, we do not hope for a positive finish in this week. The critical numbers ruling the nifty for he next 3 days are 7832/7945,8178.  

The bulls have been under house arrest or observing Janatha Curfew. 

Nifty and BN level for the week - 7250 - 9100   17900-22900.

Trade with caution. This fall is historic. Do not trade during high VIX. Keep the money. You should not pick any trade in F&O segment if you are a prudent trader.

Good Luck!

STOCK FUTURES

THE FOLLOWING ARE THE RECOMMENDED FUTURES TRADE:

SCRIP	BUY	SL	TR
ASIANPAINT	1,851.10	1,845.00	1,954.14
HINDPETRO	201.55	195.20	217.03
IDEA	3.50	3.20	5.25
INFRATEL	215.82	205.10	230.35
PIDILITIND	1,641.55	1,620.00	1,774.17

NIFTY TREND

Nifty has been moving as per global cues. Unless nifty makes a daily close above 10561, it is bound to make new lows. 

We may expect a bottom near 9850 as the slide has stated only on last Friday.  Last expiry on 5.3.020 was at 11269 and we are almost 800 points down at 10458. US market closed 5% lower is adding to the woes. 

The expiry day is likely to be in a range of 10270-10610.  BN 26050-26950.

NIFTY TREND

A double bottom formation in nifty is seen. Since nifty has not tested the low of 11036 again and also 11136 is held, we should now wait for a confirmation. A close above 11382 confirms reversal and confirmation of short term bottom formation. At this point one can go long in CE and index futures. Till then one should be patient.

Level for the day Nifty 11180-11400  BN 28850-29600.

Good Day!

NIFTY TREND

It was a mayhem on Friday where nifty opened gap down by 250 points and gave up another 200 points during the day to close near 11200. All the 50 in nifty pack closed red and this has happened for the second time in this week itself.

60% of BSE 500 stocks are at below 200 Day average. The FPI Heavy stocks lost more than 20% with the danger of decline extending further. Most of the investors in options lost heavily as the nifty set up on Thursday was a buy with an inverted hammer candle. The low formed on Thursday 11536 appeared as temporary bottom formation. This has shaken almost all investors and blew the technical off. 

The  bear ruled the day and bull had no say!

Coming to the technical, as nifty formed a new low on the last day of February trading, first day of fresh expiry, the set up for the coming days is likely to be utter bearish. Any rally is sell on rise, unless nifty is able to make a daily close 11382 high formed on Friday. Whether nifty will again 11533 again or not in near future itself is doubtful as 12000 is far away, as we say in Hindi, Delhi is still far away!!

Range for the day 11100-11350   Bank Nifty 28900-29500.

Anyone interested in stock futures may ping me on whatsapp 70104 19004, I can give trial for 3 days with my sharp levels. 

Good Day!