Yesterday nifty futures touched 11101 in the initial minute of trade. Those who had carried over position of nifty futures had their position wiped out with margin adjustment inspite of bull run. The operators are very smart to wipe out the capital of investors. So it is time to be overcautious. This bull run looks very risky.
Wednesday, 13 March 2019
NIFTY TREND
The nifty gained for the third consecutive day of the week. The indicators are showing overbought situation in the index. The momentum is slowing down. There could be profit booking at any time which should take nifty to the near by support level 11118.
Bank Nifty may post another 100 points gain and will it be able to hold 29k is to be seen. BN support 28388.
Good luck!
Tuesday, 12 March 2019
NIFTY TREND
Nifty closed at 11301 gaining 132 points from the previous day close. There has been a run for covering the shorts by call writers as the momentum towards 11400 is inevitable. One can aim for 11427 in near term.
Bank nifty target 28493/614.
Market wont reverse now as everyone talks about overbought situation bla bla..
Warning : DO NOT SHORT THIS MARKET
NIFTY TREND
Nifty kicked off the day with a gap up opening and all dips have been bought into. The market breadth is amazing. CNX 500 is adding the much required move for the nifty to gallop. This weekly expiry may take nifty above 11400, leaving all shorts to a big surprise and shock.
As mentioned earlier, the SL for Nifty/ BN is shifted to 11165/28250.
Good Luck!
Monday, 11 March 2019
NIFTY TREND
With nifty crossing 11118, being the previous month high, one can look for much more gains. Ultimate target for nifty for March is 11450. SL 11118.
Bank Nifty 28500/600. SL 27815.
There could be dip after 18th March which can be used to enter into trade. Use dips near SL suggested above for entry for the target mentioned.
Good Luck!
Monday, 4 March 2019
NIFTY TREND
Nifty closed at 10863 on Friday, just moved ahead of January month close of 10831. It has to cross 10951 on a daily basis to resume its north side move. 10740 and below signals further downside till 10687.
Any dip towards 10740/700 is a clear buy and one can accumulate CEs for a reasonable gain.
Never allow greed to overcome your judgment. Watch my numbers and plan your trade accordingly.
The weekly expiry in Nifty will be a big boost for investor if you have patience to wait and pick perfect trade based on the numbers.
Best of Luck!
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