NIFTY TREND ON WEEKLY EXPIRY

Nifty traded with in the range of 11825-12015 yesterday.  Bank Nifty also strictly obeyed the range and finally closed below 11983 which is a stiff resistance zone in the coming sessions.

Today's range Nifty 11800-12050  BN 29800- 30900

Trade with caution as I find most of the Nifty 50 Scrips are turning bearish. 

Our members are already ready with buy prices in option segment. Whichever side nifty travels, we have least botheration, we sail smoothly.

Good Luck!

TRADE ON 6.11.2019

PLEASE SEE THE CHART TO BELIEVE WHAT HAPPENED YESTERDAY.  11900 CE GAVE BUY AROUND 25 AND MY CLIENTS TOOK IT FOR A MINIMUM TARGET OF 70. REST OF THE STORY YOU KNOW BY SEEING THE CHART.   

11900 CE ROCKED...

TODAY EVERYONE ENJOYED OUR BUY LEVEL AT 25-27 WITH A PRETTY SL AND DECENT TARGET.

OF COURSE IT MOVED BEYOND OUR TARGETS. BUT WE PLAY SAFE...

NIFTY TREND

We have already indicated that rally in nifty could continue. Nifty has almost topped out at 11998 but the downside looks very limited. As long as 11772 is held, there is nothing negative.

INDICATOR - 12000 PE

The month end 12000 PE indicates a clear break down even on day 1 of November 2019, the first day of November expiry.  You can see to believe it..  Any downside is buy on dips next week. Trade with caution as the rally could continue. 

Do not buy PE now and wait for a meaningful reversal.

NIFTY TREND FOR NEXT WEEK 4/11 TO 8/11

Nifty has closed positive on a weekly basis, but on Friday it has negated higher high and higher low formation thereby indicating some exhaustion.  But the overall trend is intact and remains positive.  As we glance through nifty 50 scrips, we observe 33 scrips are in bull's grip and 17 scrips are bearish. The 33 scrips are amounting to more than 75% of index weight.  

Bank Nifty stole the limelight on Friday by closing 250 points over previous day, yet Nifty has not taken any benefit out of BN move and was trading below previous day close most of the time and rose by 13 points by the end of the day.  

We expect Nifty also to outperform during next week. Immediate resistance is seen at 11945/11998. One can go long in futures keeping 11843 as Stop loss for these targets. 

On Bank Nifty, already the bull run has started. 30650 should be the immediate target. 

Range for next week - Nifty 11675-12050  Bank Nifty  29600-30750.

Good Luck! 

OCT 11600 CE ENTRY POINT

I am releasing the chart of 11600 CE for which buy was given at 43.50 and low was 42.70. You all know this Ce touched 300 almost.

We do not want to miss out such awesome trades. One must see to believe the price action and our pick JIT ( Just in Time).