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....)