NIFTY TREND

The expiry week of may is likely to be very interesting as Nifty has closed at 9039 on Friday, already 820 points down from April Close. Nifty has also closed negative for the past 3 weeks and Friday close indicates indecisiveness in direction. A cat on the wall situation. 

 You may see my weekly levels as below for nifty and BN for 26-5 to 29-5 period:
 

	CURRENT WK			NEXT WK
	NIFTY	BN		NIFTY	BN
TOP 2	9907.69	20937.98		9271.55	19146.16
TOP 1	9439.53	19757.07		9136.96	18638.10
MID	9388.41	19628.14		9122.26	18582.63
BOT 1	8971.36	18576.16		9002.37	18130.04
BOT2	8530.51	17464.15		8875.63	17651.62

The nifty levels are narrowing in the next week. As against 1400 points range during last week ( 9907-8500) next week is going to be 400 points range only ( 9271-8875). Such contraction leads to break out or break down. 

Banking scrips are already weak and at the bottom level. Do not short it and burn your money. If you do not know the bottom just keep quiet.

Last week low was 8806 which is lower than 8875. Since nifty has already visited 8806, 8875 offers a very good support for nifty. One should go long from here for target 9125 on expiry day.

I have identified stock options which can get excellent returns.  You may reach me on email to know details of the same. narayanansrirangam@gmail.com

Good Luck!

NIFTY TREND

Nifty has to close above 9155. Watch out. 9100/9150 CE could be a jackpot today.

Keep your bets mild.

Good Luck!

On stock options watch COLPAL,NIITTECH, COALINDIA.

We are ready with the best strike price for a decent profit.

Do reach me on whatsapp 7010419004 if you are curious about the moves and serious about making money!

Good Luck!

NIFTY TREND

Before anyone could predict the up move, yesterday for the first time I advised a carry over of options.

Today all made profits.  10000 CE month end around 32-35 SL 30 and tr 55/85.

STOCK FUTURES & OPTIONS

If you are a trader in stock futures, then you will be benefited by the weekly levels of all the future scrips. I will post few scrips with levels here and also guide you how to use the levels. We will track the profits for the week based on the levels.

 Everyday I will suggest 5 picks and will post the buy level, SL and targets. At EOD I will also post the performance. You must track the same to understand the accuracy of the levels.

SCRIP

CLO 8/5

TOP 2

TOP 1

MID

BOT 1

BOT2

ASIANPAINT

1580.2

1767

1752

1750

1737

1722

HCLTECH

518.55

587

517

509

446

380

RELIANCE

1556.7

1704

1519

1499

1334

1159

BHARTIARTL

528.85

599

531

524

463

399

HDFCBANK

922.15

982

947

943

911

878

For example, Reliance has closed at 1556.70. above Top 1- 1519. So we must look for more upside than shorting this scrip. Keep 1700 as target with a buy around 1520 SL 1499. 

In case of Asianpaint, the close is below bottom 2. It means this scrip should is not in short and a reversal is possible up to bottom 2. 

HDFC Bank is placed between Mid and bot 1. Now you should wait for 911 to break to go short on this scrip for a target of 878. SL is 922.15

Based on the closing prices and the level where it is placed you should decide short and long for these scrips. 

In case you need any clarification you may contact me on mail. narayanansrirangam@gmail.com

STOCK OPTIONS - AN INNOVATIVE PROFIT BOOSTER

I have developed and launched the new product which contains 30 scrips indicating the monthly levels both on upside and down side. It contains a bird's eye view of the past month and a clear strategy for the next month. The levels are reckoned every week;

As you are aware, the weekly expiry in nifty has special significance and impact on the critical stocks. Based on weekly levels option trades are generated well in advance and as of now I have identified 15 scrips where the exact strike prices are identified for a pick to make fabulous returns.

Last week we took Biocon PE and TECHM CE and made good returns. You know that my levels are rocking when it comes to nifty and bank nifty. Same magic applied to Stocks also.

You must experience to prove yourself. It is attractively priced and very easy to understand. 

Do mail me for any further details at narayanansrirangam@gmail.com

Good Luck!

NIFTY TREND

The month of May started with a gap down taking nifty to 9533.50, less by 330 points from previous month close. The weekly expiry closed at 9199 there by making a total negative of 760 points for the week.  Most of the scrips have signaled weakness and are shying away from the top made in April.  The April month formed a high of 9890, which could remain a dream number for May.

The technical factors indicate  a low  of 8200 and 15800 in nifty and bank nifty respectively for May. 

Range for the week : Nifty 8900-9350  and Bank Nifty 19000-20500.

The down trend likely to continue till nifty forms a bottom at 8200.

Good Luck!