Second Confirmation

Market reversal confirmed on Monday....based on Red Below.....

Now...second confirmation....continuation of trend today...

Details in the hangout...

Monthly Breakdown 10263

Monthly level not violated......closing above 10263.....

As such no harm to longterm breakdown this month.....(2016 breakout trend not yet broken as such)....

Index...

Reversal continuation of trend not confirmed today....

Either buy near violet or above aqua...

Oneside upmove if crosses "Aqua"...till such time....volatility between violet to aqua...

25000 Put option

25000 Put Option...544.40....is going to play a crucial role of next move....

Bank Nifty

Next move above 25214.80 or
Near support  24798.60...

Reversal Continuation

Next leg of the continuation...if price closes above "Aqua"....

Otherwise......correction....then reversal again...

193 taken out

193 taken out.....and closed above....reversal confirmed...

193

193...if taken out...trend changes...

Option selling

This week....option selling (strike price) levels...check hangout...

Index

Call option....not yet confirmed the solid reversal....

Market gap up......however...i may not buy call option...

Let me wait for my turn...

Bottom Out Buying

Call formed top and now...the call will is going to form the bottom...

If touches bottom 29.85 level......time being.....that is going to be the intermediate low....

Will post details in the hangout...if price hits our level...

Next Week

Next week...is going to be very much interesting....breakdown or intermediate reversal...

Index is in crucial juncture....(Deciding factor)....

Waiting for the entry...

It has to happen next week .....

Reliance

Reliance weekly close below 1007..... further week...

This week...1007 will act as crucial level...

Why because.....see (below chart) Maruti breakdown below 7952....1000 points fall...

Cheers...

Monthly Breakdowns - Interesting

Historical Chart from 2006 to till date.

Based on cyclical pattern...after breakdown.....minimum 15% to 30% fall has happened in the past...

Now...nifty is going to close below the breakdown level 10263....(if closes below 10263)

Will nifty fall another 10 ~ 15%.....from 10130....i.e...8700 level....?  (bullbacks are there always...but...not closed above previous candle high in all the sequences)

This is my observation for knowledge and study purpose

Let us see...how market behaves....

Previous sequence and present 

மரியாதையான குடும்பம்

"மரியாதையான குடும்பம் என்பதால் விமானம் தயாரிப்பதில் அனுபவம் இல்லாத ரிலையன்ஸ் உடன் ரஃபேல் ஒப்பந்தம்"  - DASSAULT  CEO...

மரியாதையா....then we have to get out of Reliance Infra also.......

மரியாதையா 180 க்கு வந்தா வாங்கலாம்...

Rel Capital

Reliance Capital my buying level is 88..........   (போனாப்போவுதுனு 88 ல் வாங்கி பாக்கலாம்....)

Index

Reversal trend ...today also....not yet confirmed...

Call option trading below the level....let us do some other work.....

Yes sure

Our friend sold (and holding) 25000 put at 698 for a target of  575.....and keeping s/l 780.....as per logic....

Advance congrats.....all in the game.....anyway you have s/l......let us see...

(Refer my volatility band post....).....

Volatility ends ?

Volatility sequence completed ?...

Will post my view in the hangout....

Today opportunity

24568...is the opportunity level for today...

Volatility band

Price reached the volatility band....again....

SBIN

Our friend Moorthy says .....SBIN is weak.....downside target 226.80....

Index

Today levels again says.....reversal not yet confirmed....(pullback oneside reversal)....

Next trade

Keeping buying order at 49.40

and

buying order at 8.20....

for today...

Option selling...

Yes....it is zero today......our target is 38 to 52 point.....encashed 41 points profit....

Pre-determined level (top and bottom)...

Today both strike price is "Zero"...

Needs logic / patience with margin money...

Gold

Gold range 1205 to 1267....

Major Hurdle 1236....

Message is buy on correction...

Index

Hope tomorrow....if call level confirms...we will enter...

Definetly.....no buying of "Put option" for sure...

Will wait for call option entry......

Index

Next number to be watched out 24737....

(Nice fall from top 500 point...bank nifty.....)......

Till call option not suggesting as per our level....No Buy...No Buy...No reversal...who cares...

Index

Pavam gapup bulls....trapped....

Go and check.....what I have told....in the morning (Post.)...

Index

Call Option not yet confirmed the reversal....(check my morning post)...

Chart is self explanatory.....(details with levels in the hangout)...

Bank Nifty Selling Option..

Call and Put.....from 42 to now 6.....36 points profit....

Hope ...will be zero....tomorrow...

Our Band is well protected....who cares about gap down or gap up....

sell and sleep...

Index...

Index....Put option initiated sell....however...call has not initiated and confirmed...further solid up move...

Either buy one dip or wait for call confirmation...

Volatility may halt ?

Yes...if price touches the bottom level...I hope volatility may stop ...

Let me post the details in the hangout.....or will inform .... in market hours...

Bank Nifty

Finally...whole day....bank nifty travelled between the volatility band.....

Bothside premium swallowed nicely...

Option selling - Bank Nifty

I hope...both strike price ....going to be "Zero".....by thursday....

Let us see.....

As such

No entry from ourside......

Bank Nifty

Bank Nifty 25000 put is holding 211 ...since morning....

Same will act as s/l candle closing basis and next resistance 398..

CMP 259...

Index

Today...reversal may not happen......

Bank Nifty...25168...may be the reversal point from top again...

USDINR

USDINR ...taken support at 73.57....

Will it further depreciate ....and may lead the way to new low ?....

Let us see....

Nifty

Nifty tried to cross and close above 10366....(i thought today it may close above)  but, not able to...

As such weak trend is continuing.....

Perfect

Perfect my friend......Jeeva........

Good analysis....25317.....and 45% ROI.....booked profit....keep it up...

Bank Nifty

Bank Nifty......25146 support....25317...breakout....

Intermediate...trend is not short...

Today

As per chart pattern.......call and put premium shrinking may happen...

Oneside move....not expected today...

Either we will enter option ...at the bottom reversal...or else no trade ...except selling option..

Index

Reversal ...not yet confirmed...

25012 / 24888.....

Option selling sure money

Free Money...if you have margin money...

Based on my strategy.....selling option tomorrow....and we can encash 38 to 52 point for sure....even if market moves 1500 volatility....no harm/no worry to your capital...

Like fools you should not say ...i am selling option with Hedging.. (if you say hedging...then you are a idiot and you are a child)....hedging means "Fear"and trading without strategy....

Anyway.....Option Selling....லட்டு தின்ன ஆசையா.......needs margin money...

If anyone have margin money....then you can....

Settlement my option strike price......predicted (as marked).....will post the strike price (top / bottom) details in the hangout...

Easy money...and sure money....

1033 வது ஐப்பசி சதயவிழா

10300 Call (Yes...I agree)...

One of our friend....says....10300 call tested the resistance first time last week....and fallen...

He says....if first week....price goes inside (above yellow)...then trend may change upside (positional)....

Otherwise.........sell on rally and buy on dip....(using volatility level)...

First week....inside bar...I totally agree with you....

Wipro

Wipro...travelling between our 336 to 306 range....

Sell on Rally and buy on Dip....using daily reversal points....

Volatility

Volatility is within the range....nothing wrong in the market...

25000 put optoin...till the band has not broken (either top or bottom) ...volatility remains in the market...

But....price is moving well within the band...

I disagree.....if some one feels...market is moved by operators ...(i can say that is non-sense...)...

S & P

Pattern repeats ?