FOLLOW UP

NIFTY IS HOVERING AROUND MY SUPPORT 11306/28354 AND DOES NOT SHOW ANY INCLINATION TO MOVE TO NEXT LEVEL. 

DO NOT ATTEMPT ANY CE SINCE THE CLOSE SHOULD BE AROUND 11300 LEVEL.

INTRA DAY TRADE

11400 CE 3/10 EXPIRY BUY 4.60 SL 3.70 TR 48/87.4..

TREND

Wait for first 15 minutes for market to settle. No trade advised

TRADE FOR 3.10.19

TRADE FOR 3.10.19 POSTED FOR NON MEMBERS ALSO. ONLY FOR A DAY..

NIFTY TREND ON EXPIRY DAY

Today's nifty level was posted on Tuesday evening without knowing developments happening in USA.

But our market had already given the clue in Monday opening and Tuesday trade and close. 

Today's level bottom number is 11150 & support for nifty is at 11060. 

I am going to post option trade strategy with buy price, SL and targets in 2 hours from now. 

Ri

EXPIRY TRADE

I will be posting strike price wise option trade for tomorrow by 9.10 AM.

One can see the buy levels and make use of it.

Good luck!

MARKET INDICATES

02/10/2019  @ 5.50 HRS

Market is always supreme. It indicates how it is going to behave.  It is for us to sense it and understand it. 

For example, market opened at 11491.20 on Monday which is below 11512, Friday close. Does this indicate positive?  NO.

Secondly, market closed at 11474 on 30/9, which is below 11512 and 11491.20. Does this indicate positive? NO.

Third, 1st day of October, started off with a good opening 11515.40, which are above both the numbers, but the close was at 11359, which is far away from 11491/515.  Does this indicate positive? NO.

If you have all the three questions which answers negative, and expect the market to bounce, then there is something very serious in our analysis.

Unless, nifty surpasses 11491.20/11515 no wonders can happen. So all longs should have a starting point only above 11515.

So to conclude, this expiry and this week close is not going to be encouraging.  

Now coming to the down side, one would he curious to know whether the downside is over for nifty?

As per Fibonacci level, 61.80% of retrace is at 11061.  Ideally this should be the level for the nifty to bounce. 

I have already identified the Call Option with buy price and SL to grab the golden opportunity.  Nowadays doubling is not a big thing. Nifty and Bank Nifty pours money if you pick CE or PE at the right time.  

If you do not analyse the market and trend like what I have done as above, you will be stuck with options and sit in wrong direction.

Go by levels, do proper analysis, have disciplined trade. You need not have to go after success. Success will follow you.

Good Luck!

PS: Bank Nifty analysis, similar to this sent to members.