NIFTY TREND

This month nifty has traveled from 11570 to 11855, just  285  points and it has taken almost 15 sessions to reach target set by me 11855.

Bank nifty has crossed 30500  only on 16th April  and again not able to sustain high and fell till 30150  and closed around 30225.   This does not augur good for the bulls. 

The Ces could not fetch good returns on Thursday even though the VIX was all time high. 

There are enough indicators signalling some  pull back in the market.

Do not be bullish unless 11855 is taken out on a daily close basis.  Exit from  longs if Nifty close below 11731.50, as the fall could be till 11570. 

Watch 11600 PE of May expiry which is already taking strong support from its latest bottom price.

Good Luck

Nifty trend

Nifty hit our first target 11855 &  closed below 11761. Nifty must hold 11738/732 for further upmove. 11856 will act as stiff resistance. Index range till expiry is 11680-11791. Expiry day likely to see good move.
If nifty breaks 11680, it could be a free fall. Be alert.
Good luck!

NIFTY TREND

Nifty closed below  11600,  traded in the range of  11560-604 through out the day. Bank Nifty also could not reach previous day  high and closed at 29786. 

There are signs of exhaustion seen from the beginning of this week. A close below 11550/29750  will  confirm the downward trend from next week

Reduce your exposure and wait  for a meaningful correction up 11399/300.  Bank Nifty correction up to 29200-29050 looks imminent.

Good Luck!

NIFTY TREND

Nifty closed at  11584, defending 11570/549.  Today's  move and close is very crucial to know the direction set for the next week.

Now 11680/710 are stiff resistances and 11570/49  are strong support levels.

Breaking the above numbers on any side will pave way for  300 points +/-.

Good Luck!

NIFTY TREND

Nifty closed 60+ points up near 11672. The congeztcon zone is 11675-702. If nifty is able to cross then crossing 11761 is possible.

This month target is 12100 and index is in no hurry to reach there before third week of April.

Look for a meaningful correction for a comfortable entry and smooth ride till 12100.

If 11570 is broke then support is at 11399. 12100 is possible once 11855 is taking out.

Good luck!

NIFTY TREND

Nifty intra day movement is wide  as posted in my earlier message.  The range is getting wider.   Due to higher VIX, both CEs and PEs are rewarding.  

This week stands as an acid test for index. If it is able to hold higher levels, then we can see 11855/12100. Or else  11400 on the downside.   

Last 30 minutes recovery seen during the last 2 days, taking nifty out of danger levels. This quick move erodes the premium built during the whole day.  

11761 and 11570 act as strong resistance and support and we can expect a big move on either side if any of these numbers is taken out.

Do not be aggressive on any side.  The bulls still have upper hand as we experience the last 30 minutes of trade during the last two days.

Good Luck!

HEROMOTOCORP

Watch this scrip......  HEROMOTOCO

It could be a big gainer in  April 2019.

Details  posted  for  members on board!

Good Luck!