NIFTY TREND

 Nifty has closed on a high note at 11559 and Bank nifty closed at 23600. 

Outlook for the month of September looks positive. Nifty has to hold 11400 level on a weekly basis. This is very critical for up move. And for nifty to move further a close above 11669 is very vital. The trading range for the next 5-10 sessions could be between 11275-11600.

NIFTY TREND ON WEEKLY EXPIRY DAY

Nifty after making a gap down on Monday and forming a lower high and lower low, turned positive on Tuesdy and Wednesday and formed higher high and higher low. The close is exactly near last expiry  and above 11057. Today the range could be 11070-11194. This is based on the assumption that nifty may not disturb the higher high higher low formation on expiry day. So the downside looks limited if it does not break 11064 - yesterday low till 1 PM. If it breaks then the expiry close could be between 11014 -11057. On the higher side 11194 is a possibility if the outcome of RBI meeting is positive. Avoid shorting index unless it breaks 11064 in the first 15 minutes or later during the day.

NIFTY TREND

Trend for the month - August 2020

After having a non stop rally unto 11341, nifty has taken a breather. August 2020 likely to see some action on the down side.  Please note down the following levels which are very critical.

10562 - Nifty bounced from here twice in July 2020. Any failure to hold this levels shall take nifty back to 10299. If it again fail to hold 10299 we can see 9508/8996.

The weekly levels for nifty and bank nifty for the next week is as below:

Anyone dealing in Stock futures may get in touch with me for assistance. 

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If you are a steady investor restricting yourself to a decent return with minimum risk without losing capital, here is an opportunity for you to make safe returns. No doubt , it will give better returns than traditional investment. 

If you have a decent capital and looking for returns, you may contact me on email 

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Good Luck!

NIFTY TREND

nifty opened positive on day one of July 2020. The most critical level of 10409 has been taken out and giving a positive outlook for the month. Still we must see how it holds 10450 which is the resistance.

Range for the expiry day - The down side is limited as we have witnessed sharp bounce due to short covering. 10299-10490 should be the range.

Be short if 10410 is broken and be long if nifty holds 10450 till 1 PM.

Good Luck!

NIFTY TREND

Nifty June expiry closed with a positive note up by 700 points at 10289 over previous expiry close near 9580.

The up move was very quick and all the time 9726 has been held. 9004 was taken as support during the last 12 days to clinch 10550 which is the three month high level for nifty. That is the exact point of saturation. 

Is nifty going to break out or breakdown ? What is the minimum level we can expect for June ? What is the trading range?

All these queries have been answered by the charts well in advance.

The global markets are again entering in to bear phase. This time it could be a point of no immediate return. 

Get ready for a big correction and position yourself in PE. 

NIFTY TREND

The weekly levels are ready and the range is worked out. Yesterday I have given buy 10000CE at 5 and suggested 9950 CE around 15/ . When nifty peaked 10110, 9950 went up to 160+.

It was a pure technical trade. No fluke No blind game. You have to be strong in numbers if you want to catch such trades.

For monthly expiry, I am ready.  Are you?

Good Luck