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! 

NIFTY TREND

Nifty closed above 11650 on  Friday, the last 30 minutes move took nifty above critical levels. Index is not giving up 11570 which  was previous expiry close.  This  indicates  the  trend being continued. Bank Nifty too  closed above 30k. 

Nifty must  close above  11761 and BN must close above 30520 to clinch new high. Till then any rise is profit  booking.

While  the upside is limited, the downside risk looks more if 11570/59 is not held. 

Avoid buying on dips.

Be stock specific and try to identify the scrip which can  move up.

Good Luck!

NIFTY TREND

Nifty closed below 11600 and a low  of  11559 was made.   A close  below  11570 ( April  month Low) likely to bring  in more weakness.   Avoid long  position till such  time 11761  is crossed.  Any upside move  is  sell  on  rise.

Yesterday we picked 11600 PE  around 5.00  with No SL and 30000  PE around 15 which were jackpot  trades.

Lot of members made decent gains.

Clue for next week trade:

Watch out  Nifty / BNF  11500/29800  levels.  If  the indices  close below  this for  consecutive three days, then buy PE.  SL is 11625 & 30000. 

Good Luck!

NIFTY AND BN TOP OUT

As per the earlier post, both the indices have topped out near 11741/30650.  Since targets have  been met, it  is prudent to exit  from all longs and  CEs till  such time nifty and BN crosses the  above numbers.  

Watch out for next directional  move in my next  post.

NIFTY TREND

Nifty kept  all the bulls  happy by  making a new high,  by inching ahead by 1  point  to  11761.  The narrow range trade  of 30  points till 1.30 PM was  seen where lot of selling took place.   The fall  was nt  much but  the day close was signalling  more depth  in the next  session.    It has closed below 11645 which was Monday's low.  

Bank  Nifty came down heavily and  settled near 30k.

Watch out for  11490/ 29750  which are  very critical  numbers  and  the index is likely  to visit these numbers in the next one or two  sessions.  A daily close below this signals more pains ahead.Go long only above 11761 and 30675.

Weekly expiry trades advised for members on board!

 Good Luck!

NIFTY TREND

The monthly trend clearly shows further momentum in nifty and the month target likely is 12,100.  SL 11,500.

For bank nifty the target is 32,000.  SL 29500.

It looks too tall.  Yet trend says it is possible. 

Buy on dips.

Good Luck!