NIFTY TREND

Nifty bounced back on the expiry much to  the expectations. The target of 10990 on Nifty is likely to be hit while the BN targets  have  already    been met.

This is the effect of triple bottom  formed in Nifty - 10583, 692, 756 during the last 3 weeks.  As the   Nifty is above 10756, one should not short nifty and should go long.

At the same time a weekly close below 10756 in the course of next week indicates trend reversal. Before that we should also mind the high formed during this  week which is also very critical.

All in all, a positive outlook for index.

Options strategy given for members to make  entry and exit at the suggested prices.

Good Luck!!

NIFTY TREND

GO LONG IN NIFTY AND BANK NIFTY.  YESTERDAY  BUYING CEs HAVE BEEN  RECOMMENDED TO MEMBERS

TARGET  ( SPOT)

NIFTY  10990
BNK NIFTY 27325

GOOD LUCK

NIFTY TREND

As  predicted in the previous post, nifty has corrected by  150 points, But still the weakness persists. There is still  more bottom left for nifty and bank nifty to complete the downward cycle. Any bounce is sell on rise during the day.

Watch out 10779-743 where one can expect bounce with a strict SL at 10692.  In case of bank nifty the bounce area is 27025-50 with SL at  26900.

Remember,  today;s session will try to test and eliminate the weaker participants in options trade.  Hold your positions if you have brave heart.

Good Luck!

NIFTY TREND

Nifty spot has closed above 10939 after a long waiting. But the buying is not so strong enough to confirm further bullishness. From here any rise looks like sell on rally.  Nifty is getting ready for a deep cut by 150-200 points.  But  the sell is not yet confirmed.   A close below 10908 shall lead to  fall unto 10750.

Bank Nifty has already  confirmed sell. Any close below 27400 can take BN spot up to 27190.

Good Luck!

NIFTY TREND

Nifty has crossed 10832 and closed above 10885. This is a very positive news for bulls.  The low of 10628 should act as stop loss for all long position in nifty. The minimum target for the month is 11100.  

The rally is likely to continue and any dip is a buy till we reach 11600. 

We have initiated buy of 11700/800/900 CEs which hit our buy price on 14/1/2019.  Buy on dips!!

Bank  nifty still has not given buy signal.  Target for the week  is 27700+. SL 27182.

Good Luck!

NIFTY TREND

As rightly predicted yesterday, Nifty moved down below 10730 and closed at 10737 after  touching a low of 10692  during the day.

Bank Nifty too took support near 27180  and closed around 27250.

Chart signals sideways move  during the next two days, whether you call it Brexit  effect or Crude or China Macro data.

We look for some  more  downside in the CEs. 

Remember my number, 10940.  Unless this number is broken decisively , index likely  to be range bound. 10621-10832.

Good Luck!

NIFTY TREND

So far our levels are  perfectly working for this  series also.  It has never breached 10939 on the higher side  and 10621 on the lower side. Index is reversing from  10832 and moving towards 10730.  

AVOID LONG. AVOID CE BUYING OR AVERAGING AT THIS JUNCTURE.

For your knowledge, check the last month low of 10600/10500  PE of  January series. On Friday the price has closed above last month  low. This means, PEs have given buy signal on a weekly basis. 

When this  kind  of  price  action happens, PEs will raise  sharply  for minimum  2-3  trading sessions.  

Nifty has support at 10592. If that is broken then we can see support at 10530. 

Bank Nifty is  still at a comfortable level compared to Nifty. But  in all probability  BN likely to shed 600 points  from current level.

Good Luck!