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. 

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.