NIFTY WEEKLY TREND - EXPIRY WEEK

Nifty close during the last Friday was an ATH close after making an all time high of 12293. Technically Nifty goes into SELL only if it closes below 12211 on a daily basis during any of these two days before expiry.  

If you start buying PE or shorting Index futures, relying on the views of so called EXPERTS saying correction is due technically, you will be burning your cash. I may be harsh in saying this with too much of confidence, but the fact of the matter is that no one can stop nifty from moving another 200 points from 12259.70, being previous week expiry close. During the last 3 months, we have witnessed 867,295,182 points surge in the index during the last week.  As the exchange has started insisting on physical delivery of stocks from shorter, the scrip and nifty moves up due to short covering.  Plan your trade accordingly

From the Friday low of 12252, I assume at least 180-200 points upside in nifty. This expiry could see 12425-450.  Bank Nifty 32600/725.  BN may not give up 32199 being the Friday Low. 

Good Luck!

சிற்றினம் சேராமை -  Avoiding mean Associations

சிற்றினம் அஞ்சும் பெருமை சிறுமைதான்

சுற்றமாச் சூழ்ந்து விடும்.   # 451

மு.வ : பெரியோரின் இயல்பு சிற்றினத்தை அஞ்சி ஒதுக்கும், சிறியோரின் இயல்பு அதையே சுற்றமாக எண்ணித் தழுவிக் கொள்ளும்.

The great of soul will mean association fear; The mean of soul regard mean men as kinsmen dear. 

(True) greatness fears the society of the base; it is only the low - minded who will regard them as friends. 

BANK NIFTY TREND

The Bank Nifty chart is given below. Shorter should not wait for downside. Minimize your loss and exit from PEs. Please ignore my post if you are wealthy enough to lose.

NIFTY TREND

Nifty made higher high and higher low during the whole week and closed with a highly positive bias. The week closed with 185 points gain. And Expiry to expiry it was 288 points. This was the first time fear overcame the greed and retailers were just watching the rally waiting for a dip to buy which never happened.  

Those waiting for dips or huge fall may have to wait. Those who buy PEs may be wealthy enough to lose. 

But market does not bother about them!  With global cues being positive, daily and weekly trend pointing northward direction, one must choose whether to take part in the rally or watch it. 

You want to  be  Virat Kholi or Virender Sehwag. Choose your role as active player or commentator.

Till end of the year 2019, do not try PEs. Take part in the rally and make money for a merry Christmas and New year party!

Rally is going to continue beyond monthly expiry. This is what Nifty whispered to me after weekly close. 

Any one willing to understand market, willing to trade with levels with no greed, do contact me. 

Knowledge is power . Absolute Knowledge is Absolute Power!

தூது  - The Envoy

கடனறிந்து காலங் கருதி இடனறிந்

தெண்ணி உரைப்பான் தலை.  # 687

மு.வ : தன் கடமை இன்னதென்று தெளிவாக அறிந்து , அதை செய்வதற்கு ஏற்றக்காலத்தை எதிர்நோக்கி தக்க இடத்தையும் ஆராய்ந்து சொல்கின்றவனே தூதன்.

He is the best who knows what's due, the time considered well, The place selects, then ponders long ere he his errand tell. 

He is chief (among ambassadors) who understands the proper decorum (before foreign princes), seeks the (proper) occasion, knows the (most suitable) place, and delivers his message after (due) consideration.

NIFTY TREND

Nifty - The story repeats. Nifty is still in buy mode, but the increase is 30-40 points everyday where the option premiums are hiked in the last 30 minutes that too marginally. Last weekly expiry went off in expected lines. I have indicated 225 points from 12023. Check the close yesterday. It is 10 points above my expectation. 

Technical analysts say nifty is overbought and warn you to be cautious. But the fact of the matter is no one can stop nifty from kissing 12310/367. Till such time gap up,  holding the high and not touching the previous day low... all these things might happen. 

Today's range is 12225-12295. Bn 32150-32400.

Key numbers are 12223 Spot  ( 12238 in Futures) and in BN 32240 Spot ( 32289 in Futures).

Good Luck

கூடா ஒழுக்கம் -  Inconsistent Conduct

மழித்தலும் நீட்டலும் வேண்டா உலகம்

பழித்த தொழித்து விடின்.    # 280

மு.வ : உலகம் பழிக்கும் தீயொழுக்கத்தை விட்டு விட்டால் மொட்டை அடித்தலும் சடை வளர்த்தலுமாகிய புறக்கோலங்கள் வேண்டா.

What's the worth of shaven head or tresses long, If you shun what all the world condemns as wrong? 

There is no need of a shaven crown, nor of tangled hair, if a man abstain from those deeds which the wise have condemned.

NIFTY TREND

Nifty has been in the habit of making records. This time due to gap up opening for the past 6 sessions. And on no day it visited the previous day low. That indicates the undercurrent situation of bullish trend.   This was due to retailers shorting the index and buying PEs at the wrong time without understanding the levels and price action. 

Spend some time in understanding the index and do not fall prey in to the hands of novice who start experimenting their half cooked knowledge with your finance. 

Today's important numbers are 12158/12151/12131.30. These are the levels where you may expect reversal. Stop Loss for this is 12092. Target is 12368/457.  Grab CEs if you find the above levels and wait for our targets next week. 

Important number to watch for in futures is 12186 which holds the key.   On spot 12161.  You cannot get a free options trade advise better than this anywhere from any white collared professionals. Go in for a good trade, make good money and thank yourself for reading this advise.

Good Luck!

அறன் வலியுறுத்தல் - Assertion of the Strength of Virtue

மனத்துக்கண் மாசிலன் ஆதல் அனைத்து அறன்
ஆகுல நீர பிற.    # 34

மு.வ : ஒருவன் தன்மனதில் குற்றம் இல்லாதவானாக இருக்க வேண்டும். அறம் அவ்வளவே: மனத்தூய்மை இல்லாத மற்றவை ஆரவாரத் தன்மை உடையவை.

Do deeds of virtue now. Say not, 'To-morrow we'll be wise'; Thus, when thou diest, shalt thou find a help that never dies. 

Defer not virtue to another day; receive her now; and at the dying hour she will be your undying friend. 

NIFTY TREND

Nifty today opened near 12085 and within one hour of trade crossed the weekly opening number 12131 and there after 12158 was taken out in the last 30 minutes of trade setting a new high of 12182.80. It took 12 sessions to cross the previous high.  This new high need to be confirmed by nifty  holding 12092 on a weekly basis. 

After few sessions of consolidation, Nifty is all set to reach 12367/12457. 

Till weekly expiry chances of witnessing a huge fall or level of 12020 is very remote unless any negative cue happens. 

I expect today nifty to start with a mild negative bias indicating a range bound trade through out the day, with intra day high and low of 12199/12115.  

Critical number to watch in Nifty spot 12131.

Good Luck!

இகல் - Hostility

இன்பத்துள் இன்பம் பயக்கும் இகலென்னும்

துன்பத்துள் துன்பங் கெடின்.  #854

மு.வ : இகல் என்று சொல்லப்படும் துன்பங்களில் கொடிய துன்பம் கெட்டுவிட்டால், அஃது அவனுக்கு இன்பங்களில் சிறந்த இன்பத்தை கொடுக்கும்.

சாலமன் பாப்பையா : துன்பங்கள் எல்லாவற்றிலும் மிகக் கொடிதான மனவேறுபாடு எனும் துன்பம், ஒருவனது உள்ளத்துள் இல்லை என்றால், அது அவனுக்கு இன்பங்கள் எல்லாவற்றிலும் சிறந்த இன்பத்தைத் தரும்.

Joy of joys abundant grows, When malice dies that woe of woes.

 If hatred which is the greatest misery is destroyed, it will yield the greatest delight.

NIFTY TREND

On the first day of the week, Nifty opened with a healthy gap up but surrendered not only morning gains but also 50% previous day gains there by landing in a precarious situation.  Now only  a decisive close above 12103 can only lead to new ATH. 

Yesterday, the opening suggested no trending and we abstained from trading the whole day. 

The strategy you must adopt for the day is to go long only above 12103 for a target of 12147/225. And be short when you see 12023 is broken for a target 11946.

Be cautious in your options pick as today is also likely to be another range bound day looking at the options pricing. Intra day swing could be around 100 points for the day.

If you find Nifty around 11935-49, you must grab month end CE for multiple returns. 

Good Luck!

 மெய் உணர்தல்  -   Knowledge of the True

ஐயுணர் வெய்தியக் கண்ணும் பயமின்றே
மெய்யுணர் வில்லா தவர்க்கு.  # 354

மு.வ : மெய்யுணர்வு இல்லாதவர்க்கு ஐந்து புலன்களின் வேறுபாட்டால் வளர்ந்த ஐந்து வகை உணர்வும் முற்றப்பெற்ற போதிலும் பயன் இல்லை.

Five-fold perception gained, what benefits accrue To them whose spirits lack perception of the true? 

Even those who have all the knowledge which can be attained by the five senses, will derive no benefit from it, if they are without a knowledge of the true nature of things.