NIFTY TREND

It was a day to remember for ever, when we saw a gap up opening of around 125  points and finally closed above 12200. Now all eyes are on 12293.

Whether Nifty will cross previous high and make a new high this week? The follow up action today in buying only can confirm further move.

Unless 12293 is crossed do not be long. 

Good Luck!

NIFTY TREND

I have already advised taking 12000 PE positional yesterday.  It was a pure technical trade.  No guess work or blind game.  The buy was recommended based on the levels. 

Those interested in learning technical and picking trade can contact me. 7010419004 whatsapp... Tks

NIFTY TREND

Nifty opened gap up by 70 points but could not sustain the high of 12150. It again came below 12050. Finally closed at 12053.
Both nifty and BN are on sell on rise mode.
Wednesday's pattern could be the same with nifty trying to catch 12125.
Focus on next week PE for good return as the correction could continue for  4-5 sessions.
Perfect levels, buy price and targets for members on board.
Good luck!

NIFTY TREND

The week opened with a big gap down and there was no respite finally nifty tanking 235 points signalling further down side. For Tuesday trade, Nifty could find difficult to sustain above 12k as the fall is huge. Yesterday's fall indicates change in the trend in January. Dips cannot be bought. It is likely that index is in sell on rise mode. I do expect the down trend to remain for few sessions before it takes cues for an up move which is capped. 

Unless nifty moves above 12152, one cannot be positive about market.  On the down side, 11885/850 offers good support failing which it could be another 300 points down from 11850. One should adopt cautious approach.

Good Luck!

NIFTY TREND

Nifty opened gap down  at 12261 on the last day of the week again shying away from previous high of 12293, made a high of 12265 and touched 12191 at 2.55 Pm and closed at 12225. It was a day where even PE price action was much suppressed till 3 PM.  It moved with in the price band of 12289-12195 recorded on Thursday. 

It is not worth taking position and keep waiting till end of the day to book profits on a downward move. Better to avoid trade on such days.  In options segment time element is more important than any other factor. 

Nifty and Bank Nifty are both on sell on rise mode. The next week range is as below:

Nifty 12065-12408.    Bank Nifty - 31750-33000.

A daily close below 12225/ 32320 lead to 12065/31750. If nifty is able to cross 12282/32443 then we can see 12395/33000. 

NO TRADE ZONE 12225-282    BN 32320-443.

Watch these numbers.  Trade with caution. Do not predict market. Go by the numbers and be with the trend. 

Good Luck !

அன்புடைமை -The Possession of Love

புறத்துறுப் பெல்லாம் எவன்செய்யும் யாக்கை

அகத்துறுப்பு அன்பி லவர்க்கு.          #79

மு.வ : உடம்பின் அகத்து உறுப்பாகிய அன்பு இல்லாதவர்க்கு உடம்பின் புறத்து உறுப்புக்கள் எல்லாம் என்ன பயன் செய்யும்.

Though every outward part complete, the body's fitly framed; What good, when soul within, of love devoid, lies halt and maimed? 

Of what avail are all the external members (of the body) to those who are destitute of love, the internal member.

NIFTY TREND

Nifty managed to surpass the initial hurdle of 12222 and closed above 12274 which was the week opening figure forming a thick green candle signalling readiness for a fresh high. I have clearly indicated to my members yesterday that above 12222, nifty likely to move up to 12274. That's what happened. Next halt for nifty could be anywhere between 12426-452.  Now 12158 acts as a strong support and any correction is possible only if 12158 is broken. 

Bank Nifty too has displayed the bullishness but not as strong as Nifty. 32050 is the support and SL  for BN for those who wish to be long in futures. Target for BN is 33055.

You must remember one important point. Whatever trend nifty indicates in the beginning of the month the same setup prevails till expiry.

The key numbers for nifty on the upper side is 12426. 12158 on the downside and a breakdown of 12158 leads to 11885. Be with the trend. 

DO NOT BE PESSIMISTIC ABOUT MARKET.

Options pick suggestion for members on board.

Good Luck!

ஊழ் - Fate

பேதைப் படுக்கும் இழவூழ் அறிவகற்றும்

ஆகலூ ழுற்றக் கடை. # 372

மு.வ : பொருள் இழந்தற்கு காரணமான ஊழ், பேதை யாக்கும். பொருள் ஆவதற்க்கு காரணமான ஊழ் அறிவைப் பெருக்கும்.

The fate that loss ordains makes wise men's wisdom foolishness; The fate that gain bestows with ampler powers will wisdom bless. 

An adverse fate produces folly, and a prosperous fate produces enlarged knowledge.

.

NIFTY TREND

Nifty has shied away from crossing 12293 on 30th December and closed below 12200 on the last day of the year, signalling a Doji weekly close as 12186 is also a hurdle for Nifty to cross. So far the daily close is above 12158 which is the previous top, which alone is positive. 

The January series have started with a bullish bias, but it all got blown off and the upside remains capped for the time being.

  

On the lower side nifty has strong support at 12023/11973. 

For tomorrow nifty range is 12125-12250.  BN 31900-32400.

Options trade suggested for members on board.

Good Luck.

 நட்பு ஆராய்தல் - Investigation in forming Friendships

குணமும் குடிமையும் குற்றமும் குன்றா

இனனும் அறிந்தியாக்க நட்பு.   #793

மு.வ : ஒருவனுடைய குணத்தையும், குடிப்பிறப்பையும் குற்றத்தையும் குறையாத இனத்தாரின் இயல்பையும் அறிந்து அவனேடு நட்புக் கொள்ள வேண்டும்.

Temper, descent, defects, associations free From blame: know these, then let the man be friend to thee. 

Make friendship (with one) after ascertaining (his) character, birth, defects and the whole of one's relations.