NIFTY - NEXT WEEK TREND

Nifty has been moving with in the defined range and obeying all the downside levels. Monday low is very crucial to watch for. Whether it is going to break 11888 low of Friday or it is going to move above 11936 is important. The direction can be picked based on these numbers. 

On bank nifty, it should not break 31050. If it crosses 31700, then the outlook is positive.  Range for the week is 31000-32400.

Good Luck!

PS: Those willing to take Option trade may join with me for a learning, and pick trades. You may reach me on email.

                                                                 பொறை உடைமை  - The Possession of Patience, Forbearance

ஒறுத்தாரை யொன்றாக வையாரே வைப்பர்

பொறுத்தாரைப் பொன்போற் பொதிந்து  - 155

  மு.வ : (தீங்கு செய்தவரைப்) பொறுக்காமல் வருத்தினவரை உலகத்தார் ஒரு பொருளாக மதியார்; ஆனால், பொறுத்தவரைப் பொன்போல் மனத்துள் வைத்து மதிப்பர்.

Who wreak their wrath as worthless are despised;,,

Who patiently forbear as gold are prized.  -155

(The wise) will not at all esteem the resentful. They will esteem the patient just as the gold which they lay up with care.

.

NIFTY TREND

Nifty opened with a mild gap up and after a very narrow trade between 12057-12037, it started coming down from 10 AM  and started with no recovery in sight till the end of the day. It finally took support at 11888 and closed above 11919, the low recorded on November 25th 2019.

The month end 12000 PE and CE move suggests that the 12000 PE could not hit the upper band despite a good slide, but closed at 162.70, suggesting the end of down trend. However only on an hourly close below 135 it confirms resumption of uptrend in Nifty.  The next week band for this 12000 PE is shrinking, indicating swing numbers 135 and 80.  12000 CE also contracts with a swing numbers 140 and 65. When both the options shrink, you can only use swings and make profit. 

Even after the fall on Friday, Nifty and BN are not in positional sell on a weekly basis. 12055-70 pose immediate hurdle for Nifty during next week and support lies at 11888-840.

Range for next week: Nifty 11810-12210   BN 30980-32400.  

     

 குறள் அதிகாரம் : தெரிந்து வினையாடல்

DELIBERATE MISDEED

வினைக்கண் வினையுடையான் கேண்மைவே றாக

நினைப்பானை நீங்குந் திரு.   - 519

மு.வ : மேற்க்கொண்ட தொழிலில் எப்போதும் முயற்சி உடையவனின் உறவைத் தவறாக நினைக்கும் தலைவனை விட்டுச் செல்வம் நீங்கும்.

சாலமன் பாப்பையா : தன் பதவியில் செயல்திறம் உடையவன் நிர்வாகத்திற்கு வேண்டியவனாக இருக்க, அவனை ஒழிக்க எண்ணிக் கோள் மூட்டுவார் சொல்லை நிர்வாகம் கேட்குமானால் அந்த நிர்வாகத்தை விட்டுச் செல்வத் திருமகள் நீக்குவான்.

DELIBERATE MISDEED

Fortune deserts the king who ill can bear,

Informal friendly ways of men his tolls who share. - 519 

Prosperity will leave (the king) who doubts the friendship of the man who steadily labours in the discharge of his duties.

NIFTY TREND

The weekly expiry ended with -132 points over the previous week at 12018. Bank Nifty too ended at -410 points at 31713.  The overall trend is intact as long as nifty and BN trade over 11990/31450. A daily or weekly close below these number pose a big challenge in the next week for an upsurge. But has strong support at 11823-854 range. One can expect a strong bounce back at this level and a swift move to 875/919. A long at this level is recommended with SL at 11802.  All Spot levels.

I do not recommend any long or positional take in Call Options. 

Use swings to go into CE or PE to make decent returns. 

குறள் அதிகாரம் : விருந்தோம்பல் -(GUEST WELCOME)

வித்தும் இடல்வேண்டும் கொல்லோ விருந்தோம்பி

மிச்சில் மிசைவான் புலம்.   குறள் எண் : 85

மு.வ : விருந்தினரை முன்னே போற்றி உணவளித்து மிஞ்சிய உணவை உண்டு வாழ்கின்றவனுடைய நிலத்தில் விதையும் விதைக்க வேண்டுமோ?

Who first regales his guest, and then himself supplies,,,

O’er all his fields, unsown, shall plenteous harvests rise.

Is it necessary to sow the field of the man who, having feasted his guests, eats what may remain ?

NIFTY TREND

When everyone expected nifty to crash due to Trump's statement, it just ignored all the news and opened with mild negative and remained in negative territory for most of the time and finally made a low of 11935 and went on to touch 12055.  This move must probably have been mistaken and lot of retailers would have gone for PE. But nifty was trying to make a new low for the week before making an up move. We sensed the up move in the morning itself when we saw the high low made in short duration today.

We are totally ready for tomorrow trade with level and price. 

Good Luck!

             குறள் அதிகாரம் : அழுக்காறாமை

 விழுப்பேற்றின் அஃதொப்ப தில்லையார் மாட்டும்

அழுக்காற்றின் அன்மை பெறின்  

 குறள் எண் : 162

மு.வ : யாரிடத்திலும் பொறாமை இல்லாதிருக்கப் பெற்றால், ஒருவன் பெறத்தக்க மேம்பாடான பேறுகளில் அதற்கு ஒப்பானது வேறொன்றும் இல்லை.

GREEDLESSNESS

If man can learn to envy none on earth,,,

’Tis richest gift, -beyond compare its worth.

Kural Explanation:

Amongst all attainable excellences there is none equal to that of being free from envy towords others.

NIFTY TREND

Nifty opened gap up, and again slipped into negative territory, remained most of the time below 12000, where it took support at 11973 and closed at 11994, 54 points lower than previous day. With RBI policy due on Thursday and Nifty is taking support at 21 day average of 11973, aggressive bets to be avoided. As long as 11975 level is held in nifty we should remain cautious.

.

This Kural is about Padaima ( Army)

நிலைமக்கள் சால உடைத்தெனினும் தானை

தலைமக்கள் இல்வழி இல்   குறள் எண் : 770

மு.வ : நெடுங்காலமாக நிலைத்திருக்கும் வீரர் பலரை உடையதே ஆனாலும், தலைமைதாங்கும் தலைவர் இல்லாத போது படைக்குப் பெருமை இல்லையாகும். 

Though men abound, all ready for the war,

No army is where no fit leaders are.   Kural -770

Though an army may contain a large number of permanent soldiers, it cannot last if it has no generals.

NIFTY TREND

Nifty opened gap up with 80 points, but could not sustain for even 15 minutes and closed below my number 12092.

It was a day of disappointment for those wanted the nifty to fall on the basis of news. But the chart never indicated any huge fall. The weekly levels and 2/3 of nifty 50 pack was bullish as indicated in my previous post.

Never take a trade without knowing the price action and its indication. 

Now I could see Nifty and BN - both synchronized in indicating start of a fall, probably from tomorrow. 

The quantum of fall and the major support are intimated to members.  Do home work, analyze the index, you will find the answer.

Good Luck!

Where king is easy of access, where no harsh word repels,,,,

That land’s high praises every subject swells

                                                                 Kural No:386

 Explanation: 

The whole world will exalt the country of the king who is easy of access, and who is free from harsh language..

காட்சி கெளியன் கடுஞ்சொல்லன் அல்லனேல்

மீக்கூறும் மன்னன் நிலம்.      குறள் எண் : 386

மு.வ : காண்பதற்கு எளியவனாய்க் கடுஞ்சொல் கூறாதவாய் இருந்தால் அந்த மன்னனுடைய ஆட்சிக்கு உட்பட்ட நாட்டை உலகம் புகழும்.

THIRUKKURAL

This Saint Poet talks of budget, planning, collection of revenues by way of taxes, levies and guard the same, distributes in a proper manner. This implies that the concept of budget was in vogue among Tamil Kings in those days, dated 1000 + years back!!  

இயற்றலும் ஈட்டலுங் காத்தலுங் காத்த

வகுத்தலும் வல்ல தரசு.

                                                                                      -குறள் எண் : 385

குறள் விளக்கம் :

மு.வ : பொருள் வரும் வழிகளை மேன்மேலும் இயற்றலும் வந்த பொருள்களைச் சேர்த்தலும், காத்தலும் காத்தவற்றை வகுத்துச் செலவு செய்தலும் வல்லவன் அரசன்.

In English :

A king is he who treasure gains, stores up, defends,,,,

And duly for his kingdom’s weal expends.

( Kural No : 385 )

Kural Explanation:

He is a king who is able to acquire (wealth), to lay it up, to guard, and to distribute it. The link is given below for those to read at least one Kural a day. A thought provoking and a stunning message you will get out of it. He has not omitted any subject.  https://www.dinamalar.com/kural_detail_en.asp?kural_No=385