NIFTY TREND

Nifty closed at 10946, very close to week opening figure 10961, recovering all weekly losses and ended flat.
If we note the high and low of 10746-961, 215 points is the difference. Before any upmove market likely to retrace upto 10810-20. One can expect a range of 10800-11141in the coming week. BN range 26800-27400.

Trade with caution.

Do not chase nifty on Monday as Tuesday happens to be a holiday.
Options trade- 10900 CE /26200 CE likely to give multiple returns if bought near 10820/26800.
Keep strict SL 5%.
Exit when nifty again crosses 10961, as 11k may be a stiff resistance and CE writers ptotect the level since it is too early to start a short covering.
Good luck!

NIFTY TREND

We skipped expiry day as 10925 was our upper limit and nifty reached in first hour of trade. We avoided trade.
Today nifty range 10770-950.
Bank nifty 26700-27350.
Remember, this week nifty opened gap down with a weekly high 10961. We must initiate long only above this. Below 10780 one can short fot Tr 10660/575/470.
Option trade for members.
But i will give trade on options during market hours.

TREND

Nifty has touched high of 10848   till 2 PM.  Nifty is not  able to sustain. Hence no trade today.   On the lower side3 10757 looks like good support

TREND AND INTRA DAY TRADE

Nifty today made a low of 10757 and taken support in the first one hour. It has not breached 10756 low made during last week.

If nifty is able to close above 10823  by 11 am,  it is good to go long on 10900  CE. Remember go long on Ce only above 10823. Exit  when nifty crosses 10910/25.

For exact buy price, SL and Tr subscribers have been given messages.

Good Luck!

NIFTY TREND

Yesterday we have initiated CE buying as we reached 10787 which was the support level. Today we  will exit with profit using the gap  up.

Level for today:

nifty Support 10775/10720    Resistance  10810/925/961//11000

Bank Nifty Support 26742/26592 Resistance  26840/27150/250/400//500

There are fair chances  of nifty and bank nifty testing   the  resistance level  10925/27150. 

If we find  any intra  day trade,  we will take it.

Good  Luck!

NIFTY TREND

Nifty opened with 60 points down, got dragged down in the afternoon trade and ended below 10800 on Monday as well as first  trading day of the month.

Range for tomorrow 10715-11005.

Trade with caution and with strict SL.

INTRA DAY

Nifty has not  broken  previous day low  10874 and  took  support 10885. If 10874 is broken then  our last support level is 10825.

Bank   niftyy is too weak. 

This  weakness could continue till 12  noon and we can expect  a sharp bounce to 11000.+

Do  not rush for   trade. Enter CE -   10950/11000 CE around 11.30-11.45 for good returns.

Exact buy price/  SL and  TR for members on board.

Good Luck!