MARKET TREND 08.09.2017

The expiry day could not see much fire works as the moves are muted due to lack of direction and cues, both global as well as domestic.

Nifty could not break the resistance of 9965 and bank nifty also unable to go beyond 24400. This indicates that unless nifty crosses 10,000  and BNF 24500, one cannot expect big targets till such a time.

On the lower side if 9875 is breached then it could lead to a serious fall. As far as BNF is concerned 24170 is a critical number and any breach will lead to 23850. 

Next week also Puts are likely to outperform. Better to aim at 23500 PE of Sep Expiry around 75-80 for good gains.

Happy Trading!

EXPIRY TRADE OPPORTUNITY

TODAY WE WILL GET OPTION TRADE WHICH WILL GIVE 100% RETURN.

WAIT.....

MARKET TREND 07-09-2017

Nifty futures danced to the tune of Dow Jones but after touching 9910 in the first 15 minutes, it was moving around 9915 for quite some time. As expected nifty took an up move and touched 9955 and closed around 9945 in the end.

The close and the negative sentiment was not much as anticipated in the morning.

Tomorrow being weekly expiry we can expect some limited move in Nifty as well as Bank Nifty.

If Nifty future is able to hold above 9966, we can expect a good rally unto 10010.

Bank Nifty should cross 24372 in 15 minute candle for a rally up to 24486.

Till the time Geo Political situation prevails, nifty is likely to trade between 9750-10018  range.  In case of war or no war situation, we can expect 9400 or 10200.

10100 CE has not reached SL of 36 and it  closed above 44. Exit at 55.75 and we can again find a better trade in PE if the market is ready for a big fall.

Happy Trading!

MARKET TREND 06.09.2017

Nifty future moved up in the afternoon as expected and closed at 9975.  Bank Nifty also closed very near to resistance level 24422.

If nifty and BNF are able to have a good gap up to surpass 9986 and 24422 then next hurdle is the high point of the new expiry, 10018. Once these hurdles are crossed one can have a sky walk up to 10100/120.

In all probability this weekly expiry should bring cheers to bulls by crossing the above critical levels. 

One must be alert in booking profit at the above levels are keep trailing SL order to ensure profit is booked.

If our market is able to cross the above numbers and inching towards previous high of 10150, do not hesitate to be long in this market. 

Tips: Buy 10100/10200 CE and make a minimum of 30-60% profit.

Happy Trading!

MARKET TREND 05.09.2017

Today the nifty drifted down in the afternoon as predicted in the post. Nifty and BNF slipped from critical level and closed 80 points negative over previous day.  

Nifty is still in buy mode and we can expect a positive trend till 10080/10110

Nifty likely open flat to mild positive tomorrow and there could be a sudden pull back to higher level by afternoon. That move  will be very swift and wipe off all shorts.

One must exercise care tomorrow and should not short the market.  

Nifty Resistance 9960/10002/10020/10050.  Support 9909/9875/9735.

Buy 10100 CE for good returns!

Happy Trading!

MARKET TREND 04-09-2017

If you look  for miracles  in Nifty movements it happens. 85+ points move in Nifty has kept it above the safe zone and looking to move towards the immediate target of 10080. This could be the halting  point and consolidation stage.  

Bank Nifty likely to disappoint as the major hurdle could be 24880 before it reaches 25300.

Nifty resistance  10080 Support 9965

bank Nifty Resistance 24518/670/880  Support 24370/350/300.

Nifty may start sideways move from Monday afternoon itself and be careful while taking long positions.

Happy Trading!

LEVELS FOR SEPTEMBER 2017

The Nifty future level - target 1  - 10080. If this sustains on a daily basis one can go long and the month target is 10400. But one must try to enter 10100 CE at current level 55-65 to gain good returns. Exit  from this trade when NF closes below 9925 on a daily basis. Keep your entry price as SL to avoid any loss on capital. Down side is 9575-9450 in the event of any negative cues.

Bank Nifty Future Target 1 - 25366. If Nifty is also well positioned BNF likely to cross 26000.  Stop loss for this trade is 24475. Bank nifty has to cross 24680 and 24880.   Downside is 23450/22850 if the market goes into correction mode.

With Geo political threat around, we must be cautious and try to avoid carry over of option position. 

The upside rally likely to continue till 10080 and may take a break. One cannot expect a vertical candle to clinch 10300-400 in 5 trading sessions. Remember,  the above are targets for September 2017.

Note down the above levels and take position accordingly.

Happy Trading!