NIFTY REVERSAL - CASHING THE OPPORTUNITY

When Nifty reversed from 11278, our focus was on 11500 CE which raised from the bottom level of 45 to 80.

My Congratulations to Mr Jayachandra Keerthi for  cashing the chance with 28 lots of 11500 CE at one go.

NIFTY TREND

Bank Nifty has hit the target of 26600 and took a reversal from there. Nifty has taken support at 11278 and  further downside is negated as the major component  has already hit target as per my previous post.  

From  11760 to  11260, nifty shed 500 points. Now retracing could be anywhere between 38 to 50%.   Whenever steep / quick   fall happens, it won't retrace to  62%  immediately. As  per the above, nifty likely to reach up to 11510 till month end expiry.

Bank  Nifty reversed from  28200 to  26600. Totally 1600 points. Assuming 50% reversal of 800 points, BN may reach  27400 till expiry.

Does not  sound logical??

Do not get carried away by gap up and gap down as these are  traps to grab your money.  

We have only 8 trading days, excluding today. Be careful. Down side may open only if 11278 is broken. Upside is possible if 11620 is surpassed.  Now the gap  is  11278-11620. Do not  gamble when the gap is too wide. 300+  points.

Avoid buying options,  instead sell CEs above 11600 and PEs below  11200.

INDEX IS  RAISING!!  NO SHORTS.   

NIFTY TREND

Nifty shed 300 points in 2 days to reach 11274. Bank Nifty down  by 600 points in two days. This has completely eroded all the CEs.

Nifty destination is 11150 and bank nifty 26600. 

Expiry trade: Keep focus on 26900 CE or 26700 PE,  which ever is available for  5.00 buy for multiple returns. SL should be 50%  of cost. Try maximum 5 lots  please. Do not bet all savings.

Good day!

BAJAJ AUTO & BHARTI ARTL

BAJAJ AUTO AND BHARTIARTL CALLS  ROCKED LAST WEEK...

BAJAJ AUTO  BUY AT 25 AND HIT ALL OUR TARGETS

BHARTI ARTL  BUY AT 4.75 TOO  GAVE  US THE BEST RETURNS

CIPLA, TITAN  AND HIND PETRO HIT SL  WITH MILD LOSSES.

WHAT IS IN STORE FOR  THIS  WEEK???

MEMBERS ON BOARD ALREADY HAVE THE TRADE RECOMMENDATIONS. 

WHEN  NIFTY AND BANK NIFTY SLEEPS, OUR STOCK PICK ROARS!!

WE DO NOT  INITIATE INTRA  DAY TRADE. WE TAKE POSITIONAL..

THAT   IS THE POWER OF PREDICTION..

WILL POST UPDATES ONCE OPTIONS HIT OUR TARGET!!

NIFTY TREND

The week witnessed a low of  11391 and a  sharp bounce towards 11600 and a weekly close 200 points above the  low.  Bank Nifty also shed more than 1000 points but recovered  350+ points only from the low of  27140.

Everything happened in the wink  of an  eye. 

Unless the index breaches  the last week lows, we cannot initiate short position. Similarly as long as index is below  11620/27772, we  cannot go long.

We are in no trade zone where  the direction is  undecided.  Better to be on the sidelines and  wait for the  right  time  to  enter.  

This  week  range for nifty and bank nifty is 11500-11650  and  27310-27660. 

A decisive close above the top band gives  way for initiating long  position in index and vice versa.

NIFTY TREND

Nifty recovered at 11391 as per my previous post. Of  course  Bank nifty overreacted and reached 27138.

The total fall is 1000 points in bank nifty and 360 in nifty.  A pull back rally is likely  on Thursday which will take nifty above 11500 levels.  Remember, the worst is not over yet.    Unless 11620 is crossed on a daily close basis, the trend is bearish. For bank  nifty the number is 28016.

Clue for expiry trade. Try 27500 CE around 15 -18 for multiple returns. Sl  50% and Tr 100+.

Best of Luck!

NIFTY TREND

Nifty today  closed 98 points below Friday close and that too on the  first trading day in  September and  on the first  day of  the week.  All these above  points are  valid for us  to conclude that 11760 is the top level for the next few  months. Nifty  is  almost 5-6%  above previous high to initiate correction ( 11185-11760).  The rally started from June 29th has ended on August 31.

For nifty down side target for September is 11391/11300. It is just 460  points down from  11760. Still more to come. 

Ye Dhil Maange More!!!!

Bank  nifty also pared all gains  and closed near 27800.  Next immediate target for bank nifty is 27650/27500. It is likely  to reach 27327 from where it started its journey in August.  

Don't be long  in this market.  Nifty wont recover throughout this month.