INTRA DAY TRDE

The level where Long has been advised is  perfect. Just hold  with strict SL of  5% For  expample if anyone bought 11000 Ce  around 52-53  should hold with a SL 50.

TREND

Nifty likely to test  109900/890 today.There one can go long.
Bank  Nifty likely to reach 27100. 

When it reaches low level buy 11000 Ce or 27300CE, with SL 5%. of price. Hold and exit with 30-40% on buy price.

Good luck.

INTR DAY TRDE

Those interested in intra day trade  may visit  the blog  during market hours. 

NIFTY TREND

Nifty August expiry closed at 10948, below 11k thereby keeping the major trend of weakness intact.
But the bullish bias is mainteined as it has bounced from a meaningful bottom of 10637.
Last two months have been horrible where we saw nifty opening gap down at 100+ points which have been unheard of. We have tided over the turbulance.
Looking forward to September month with optimism after such a prolonged bearish trend is justified only if the following conditions are satisfied:
1. Nifty must close above 200 DMA on a daily basis (11208).
2. A strong close over previous week close. (11118).
3. VIX - Volatility index should go below 14%.
Till then no long positions.
Good Luck!

Nifty trend

Nifty range 10950-11028.
Bank nifty 27800-28440.

At dips one can buy CE for good gains. Focus on month end CE 11300-400 for less investment and good returns. 

Option strategy

Buy 11000 CE around 68 SL 51 TR 150.

NIFTY TREND

Nifty closed at 10948 after hitting a low of 10813 in the  opening  session. The move was steady and encouraging.  Nifty has stiff  resistance around 11080. A close above is good for  a move up  to 11230.  Bank Nifty if able to close above 28400 can reach 28800. It all depends on a weekly close above 11080 and 28400 on Friday.  Note these numbers and take  position on CEs. There are possibilities of gap  up opening on Monday. 

I will recommend strike  prices for nifty as well  as bank nifty  on Friday.  Market is waiting for a reversal based on RBI   meet outcome.