NIFTY TREND

Nifty opened gap down  at 12261 on the last day of the week again shying away from previous high of 12293, made a high of 12265 and touched 12191 at 2.55 Pm and closed at 12225. It was a day where even PE price action was much suppressed till 3 PM.  It moved with in the price band of 12289-12195 recorded on Thursday. 

It is not worth taking position and keep waiting till end of the day to book profits on a downward move. Better to avoid trade on such days.  In options segment time element is more important than any other factor. 

Nifty and Bank Nifty are both on sell on rise mode. The next week range is as below:

Nifty 12065-12408.    Bank Nifty - 31750-33000.

A daily close below 12225/ 32320 lead to 12065/31750. If nifty is able to cross 12282/32443 then we can see 12395/33000. 

NO TRADE ZONE 12225-282    BN 32320-443.

Watch these numbers.  Trade with caution. Do not predict market. Go by the numbers and be with the trend. 

Good Luck !

அன்புடைமை -The Possession of Love

புறத்துறுப் பெல்லாம் எவன்செய்யும் யாக்கை

அகத்துறுப்பு அன்பி லவர்க்கு.          #79

மு.வ : உடம்பின் அகத்து உறுப்பாகிய அன்பு இல்லாதவர்க்கு உடம்பின் புறத்து உறுப்புக்கள் எல்லாம் என்ன பயன் செய்யும்.

Though every outward part complete, the body's fitly framed; What good, when soul within, of love devoid, lies halt and maimed? 

Of what avail are all the external members (of the body) to those who are destitute of love, the internal member.

NIFTY TREND

Nifty managed to surpass the initial hurdle of 12222 and closed above 12274 which was the week opening figure forming a thick green candle signalling readiness for a fresh high. I have clearly indicated to my members yesterday that above 12222, nifty likely to move up to 12274. That's what happened. Next halt for nifty could be anywhere between 12426-452.  Now 12158 acts as a strong support and any correction is possible only if 12158 is broken. 

Bank Nifty too has displayed the bullishness but not as strong as Nifty. 32050 is the support and SL  for BN for those who wish to be long in futures. Target for BN is 33055.

You must remember one important point. Whatever trend nifty indicates in the beginning of the month the same setup prevails till expiry.

The key numbers for nifty on the upper side is 12426. 12158 on the downside and a breakdown of 12158 leads to 11885. Be with the trend. 

DO NOT BE PESSIMISTIC ABOUT MARKET.

Options pick suggestion for members on board.

Good Luck!

ஊழ் - Fate

பேதைப் படுக்கும் இழவூழ் அறிவகற்றும்

ஆகலூ ழுற்றக் கடை. # 372

மு.வ : பொருள் இழந்தற்கு காரணமான ஊழ், பேதை யாக்கும். பொருள் ஆவதற்க்கு காரணமான ஊழ் அறிவைப் பெருக்கும்.

The fate that loss ordains makes wise men's wisdom foolishness; The fate that gain bestows with ampler powers will wisdom bless. 

An adverse fate produces folly, and a prosperous fate produces enlarged knowledge.

.

NIFTY TREND

Nifty has shied away from crossing 12293 on 30th December and closed below 12200 on the last day of the year, signalling a Doji weekly close as 12186 is also a hurdle for Nifty to cross. So far the daily close is above 12158 which is the previous top, which alone is positive. 

The January series have started with a bullish bias, but it all got blown off and the upside remains capped for the time being.

  

On the lower side nifty has strong support at 12023/11973. 

For tomorrow nifty range is 12125-12250.  BN 31900-32400.

Options trade suggested for members on board.

Good Luck.

 நட்பு ஆராய்தல் - Investigation in forming Friendships

குணமும் குடிமையும் குற்றமும் குன்றா

இனனும் அறிந்தியாக்க நட்பு.   #793

மு.வ : ஒருவனுடைய குணத்தையும், குடிப்பிறப்பையும் குற்றத்தையும் குறையாத இனத்தாரின் இயல்பையும் அறிந்து அவனேடு நட்புக் கொள்ள வேண்டும்.

Temper, descent, defects, associations free From blame: know these, then let the man be friend to thee. 

Make friendship (with one) after ascertaining (his) character, birth, defects and the whole of one's relations. 

NIFTY TREND

Nifty closed below previous month expiry @ 12127. All our predictions came true and I could see smile on everyone's face. We picked the jackpot trade technically. 

12150 PE at 2/ as 12200 PE at 10. 32000 Pe at 3.00. You know it was a day for PE holders. 

It sounds like a dream. But all that happened today.  

Good Luck!

NIFTY TREND

Nifty has closed below 12259 decisively on a truncated week with only one day to go for monthly expiry. Last Thursday, all CEs above 12250 strike price was sold like hot cakes with exorbitant premium has been reduced to pennies as the direction has changed totally.  

Trading strategy for the day : 

If Nifty is able to keep its head above 12259.70 - being previous expiry close number for more than an hour, then there are possibilities to move near 12293. An hourly close below 12211 pulls the nifty down to 12131.30. 

Since this is the last expiry of the year, market is near All Time High, sharp fall may not be possible. 12182 being the fresh high above previous high of 12158 act as a strong support. We may expect a bounce back from 12130-40 to 12182 today to resume uptrend after expiry to 12367. This is the monthly target. 

Trade with caution. 

நீத்தார் பெருமை - The Greatness of Ascetics

குணமென்னும் குன்றேறி நின்றார் வெகுளி

கணமேயும் காத்தல் அரிது.      #29

மு.வ : நல்ல பண்புகளாகிய மலையின்மேல் ஏறி நின்ற பெரியோர், ஒரு கணப்பொழுதே சினம் கொள்வார் ஆயினும் அதிலிருந்து ஒருவரைக் காத்தல் அரிதாகும்.

The wrath ’tis hard e’en for an instant to endure,

Of those who virtue’s hill have scaled, and stand secure.

The anger of those who have ascended the mountain of goodness, though it continue but for a moment, cannot be resisted.

TREND DECIDER

Watch out 12268 and 32325 in Nifty and BN respectively. If it closes above this today go LONG. Or else be SHORT.

NIFTY TREND

No other creature has the ability of changing its color according to its environment than a chameleon, a fickle and inconstant creature of lizards family.  Now Nifty got added into the lizards family. After 7 days of gap up opening, forming higher high and higher low, making new highs day after day, it has halted its move and looking backward with all negativity.  What a swift move in changing its direction!!

Nifty opened gap down on the day 1 of expiry week, could not cross 12293, being Friday High, closed below 12272.  

Nifty outlook has changed for the expiry. If 12229 is not held today on a close basis, then the expiry could be below 12200. 

Bank Nifty held my number 32198 and took support from there yesterday. But looking at the whole trading setup, this is not the time to be long.  

I anticipate a low of 12131/110 in this week. The top level of 12293 is almost frozen. 

In short, the index is in sell on rise mode! 12229 - 12293 are deciding numbers for the directions. 

Till yesterday we preferred buy on dips by grabbing 12250 CE at 33 and exited near 50. Today we may prefer a different trade with handsome gains. 

The more in-depth analysis and trade advises for members on board!

Good Luck!

அரண் - The Fortification

சிறுகாப்பிற் பேரிடத்த தாகி உறுபகை
ஊக்கம் அழிப்ப தரண்.  # 744

மு.வ : காக்க வேண்டிய இடம் சிறியதாய், மற்ற இடம் பெரிய பரப்புள்ளதாய், தன்னை எதிர்த்துவந்த பகைவரிருடைய ஊக்கத்தை அழிக்க வல்லது அரண் ஆகும்.

A fort must need but slight defence, yet ample be, Defying all the foeman's energy. 

A fort is that which has an extensive space within, but only small places to be guarded, and such as can destroy the courage of besieging foes.