ALERT

Our Members who are in paid services have been given the levels and rates for entering in to trade in Bank Nifty Options. Go with levels and make decent  returns!

For others, enough technical knowledge has been shared in this blog and a clear direction is given. Nothing is hidden and this blog is a open book where greed is always over come by good deed!!!!
Amen!!

MARKET TREND 09/10/2017

Nifty Future traded above our number 9969 for more than 3 hours and the trade was in a very narrow range before it makes a big jump to end at 10117 -  a gain of more than 30 points - in less than 10 minutes.  Will it hold the gains on Monday? Answer is YES. 

But Bank Nifty Future did not support the last minute move. Still 24258 is not broken to climb high. The close was at 24228.  

In all probability BNF also must follow Nifty future. Will it happen? 

We must wait and watch the movement. 

Nifty Future Support : 9982/9892/9788  Resistance: 10099/10116/10188

BN    Future Support : 24183/24025/     Resistance : 24458/480/707/880

ALERT: Unless a Geo- Political situation arises, our market is not likely to give up the gains and it is prudent to be long in the market. Go with proper stop loss to protect from any unprecedented fall as market looks tricky.  Monday afternoon to Tues day will be a testing time for both bulls and bears as the trend will be in suspension. The Nifty range could be 9980-10040.

My verdict for Wednesday and Thursday market move is reserved as  I will share it on Tuesday evening.

Happy Trading!

The mind  set of PUT Holders after Nifty Blast during the last 15 minutes trade on Friday is below:

WATCH 25500PE

To know the right time to enter Bank Nifty Option, see the chart  below:

If it closes below 1201 in 15 minutes candle, BNF will go  up. If it closes above 1400 BNF is weak.

Learning is Power!

Go by technical and you will never fail in your trade!

For members, already posted the buy levels for BN Options..

Happy Trading!

MARKET TREND 06/10/2017

Today 24500 CE 12/10/17 expiry suggested at 25.75 gave 30% return as it touched 32/ after hitting our buy price. 

As indicated, market could not move up. Tomorrow could be a day of cheers  where we can find CEs moving up. Please exercise caution and do not fall in to the trap as market is likely to go in for a small dip next week before it makes an impulsive move.

Unless 9969 is not broken on the upper side, CEs wont be worthy to buy. Similarly BNF must close above 24458 in 5  minutes candle to climb high.  Watch these levels. Till then no Long please.

As my earlier posting, CEs will be in buy mode by mid of next week. 

MARKET TREND 05//10/2017

The much awaited RBI Policy failed to give direction to BNF and it almost ended flat where as Nifty ended up with a substantial gain and closed very near to 9950.  

Bank Nifty has to catch up 24480 so that both the indexes synchronize to move towards all time high. 

Most probably this could happen only during next week and consolidation around 9900-9950 is expected during this week. This Friday could decide the direction of the market.

Market looks quite tricky and you must exercise patience as the next 3 to 4 sessions could be sideways by way of  consolidation at 9900-50 levels.

Do not short Nifty or Bank Nifty as the dip means short covering by heavy weights.

Dec 10000  PE confirms market heading towards 10000.

MARKET TREND 04/10/2017

Today Nifty future and Bank Nifty future opened with a gap up but in few minutes started shedding the gains. But both managed to retain the gains.  The trading session during the day was very narrow not giving any opportunity for option writers  to make money.

Those looking for positional trade in Nifty Future and BNF must wait for 9982/24480 to cross on a daily basis for target of 10480/25975 respectively.

Intra Day levels

                                Support                          Resistance

Nifty                  9863/9805/9788                  9881/ 9910
Bank Nifty        24063/23945/938             24219/267/344

For Option Trade: Puts have already slipped from Buy mode. Calls are coming up and  it will take 3-4 trading sessions for CEs to shine. Puts have to form a new bottom before CE goes into buy mode. This is a no trend zone.

Happy Trading.

MARKET TREND 03/10/2017

Nifty and Bank Nifty played hide and seek  game on Friday and closed low shedding all gains made during the day.

Market has recently tested the low and for  the time being low levels need not be revisited by Nifty.

Nifty looks like heading for a journey towards northward direction.

Nifty Future Support 9716. A close above 9873 signifies beginning of  rally  towards 9950/10100/250.

Bank Nifty Support seen at 23890  and a close above 24330 means rally towards 24480/750/980.

Do not short Nifty / BNF unless you  see them below support levels.

Balance your position and take cues from above and do not lose balance. Learn from Parrot, the art of balancing!