MARKET TREND 29.09.2017

Nifty and Bank Nifty had shown recovery in the last one hour trade and a it is a 4 hourly big green candle in the chart.This has happened after 6 trading sessions. This signifies a temporary relief for the Nifty and bank Nifty and a breather. 

The fact of the matter is that nothing has changed in the reasons for the downfall of the market which already shed 494 from the all  time high with in a span of 7 trading sessions. 

The Rupee depreciation, High VIX, growth of Indian economy at a slower pace, fear of further depreciation in Rupee against US $ has not improved in the last 4 hours of yesterday where our Index has started showing recovery.  One must conclude that this is a temporary pull back and expiry day play to give a rosy picture. 

If Dow starts correcting, no doubt our market will go hand in hand.

Nifty Future above 9900 and bank Nifty future above 24250 signifies change of trend. Till then it is a sell on rise market. We must wait for market to consolidate which is likely to take another 3-4 days to give a clear trend. Wait till 5th October and it is likely that trend emerges at that time to decide the right trade.

October expiry has only 17 trading sessions and unless clear trend emerges one should not get into options trade.

MARKET TREND 28.09.2017

Nifty and BNF has moved in such a way as if it was an expiry day. Bank nifty shedding 600  points during intra day and nifty more than 150 points makes us think like that.

Put holders really have a sky walk and there seems to be no urge or fear in booking profits. That is market which sometimes rewards heavily for those who think the other way.

Today being expiry day, we will watch the following levels:

Nifty Future : If it breaches  9700 during the day then go for 9600 PE at Mkt rate as there are chances of nifty future touching 9575 today itself.

If NF crosses 9766, then there are chances of NF touching 9800. Go for 9800 CE.

on BNF, only if it crosses 24000, then we can see 24200/24400 on the higher side.  On a safer side place order for 24100 CE at 0.50 - 10 Lots. RS 200.00

If yesterday low of 23765 is breached then there are chances of visiting 23500 is high. So place an order for 23500 PE at 0.50. - 10 lots Rs 200.00

Since DOW has closed positive, there are no negative cues in the market to open low. So our market may not show much big move on either side till the last one hour of trade today.

Happy Trading!

MARKET TREND 27.09.2017

Today Nifty Future touched a low of 9825 and bounced back above 9900, but due to bearish conditions, ended at 9857, 20 points below previous day close. Bank Nifty also touched a low of 24060 and recovered more than 230 points in the mid of the day but ended at  24193, 10 points lower than the previous day.

The good part is that the velocity of downward trend has reduced and nifty shows signs of recovery during the day which was not seen during the last 2 sessions. 

Unless nifty future closes below 9700, we cannot go for a positional buy on Puts. This is a no trading zone and one must exercise patience under these circumstances. 

Both nifty and BNF ended with a discount. There has been a deliberate attempt to push the prices of Puts during the  last 15 minutes. 

Happy Trading!

Wait and watch for right time.

NIFTY

If Nifty future manages to cross 9887 by 2.30  you can see a sharp up  move till 9922.

Put Buyers!!!!

See the enjoyment of PE holders!!  The Lolly Pop and swing! This is called real Masti! 

IS NIFTY IN POSITIONAL SELL?

10000 PE Dec must confirm level for a positional short in nifty. A daily Close above 275  confirms Positional buy. And close above 299 adds more comfort and you can sit back and relax and see the free fall! This  means, a close below 9850 gives green  signal for buying 9500/9400 PE of October to make gains! Till then... wait. 

MARKET TREND 26.09.2017

It  was a  continuation of correction for yet another day today, Nifty shedding around 92 points and Sensex around 300.

All the large cap and mid cap stocks  have been beaten heavily leaving no chance to bull to have a breathe to get small gains.

Looking at the scenario, there is no chance of nifty revisiting 10050 and Bank nifty 24700 in near future. The correction seems to be much deeper.  The sell of  is huge. 

Trade opportunities:

If market recovers then you can buy either BNF 23500 PE Oct Expiry around 48  SL 40 Tr 85//260.

Nifty 9800 PE October Expiry buy @ 37,  SL 30  Tr 106/180.

Happy Trading!!