So I am continuously warning (not panic) that Nifty will feel pressure on upper level, I am advising it till last week and you must have seen that after so much struggle also Nifty Cash failed to cross my 2 major levels 8408 and 8426. It tried whole last week and till yesterday also, but it remained strictly in my control only:)
I advised to BUY 8600 JAN NIFTY PUT on MONDAY @ 205 but yesterday we advised to sell and square off the position at 206 only as we could not see any movement in NIFTY and it was better to wind up till it comes out my range at least. So it was no loss no profit zone for last 2 days in my SURE SHOT JACKPOT TIPS IN NIFTY CALL PUT OPTIONS STRATEGY and that I honestly accept here in writing.
Anyway, for today..
NIFTY CASH : CLOSED 8398
The Nifty has closed exactly at the trend deciding level yesterday which is 8399. If it will break 8392 today for with good volume for 15 minutes ( Do not count first 15 minutes of opening ) than expect 8292, means more 100 points fall today or gradually day by day depending on the other word scenarios. I am continuously writing since few days in my reports for 17 JAN and also in my reports for 16 JAN that It has kept few gaps downside near 8294. I also mentioned all these in my last week reports also.
And you must have seen the power of my levels and charting that since than The Nifty Cash is not able to cross and close above my 2 major levels viz. 8408 and 8426 both.
If in any case it will also break and close below ( or stay for few minutes with good volume ) 8276 than expect further fall till 8176 one way. I do not have intention to panic you, but just to warn you in advance. It many not happen also or may happen too. And yes, it will fall only and only if it will break my first and very important level 8392 and also come close below that, than only. Remember this. 8264 is once again immediate protective level Nifty if it break 8276, but if it will break that too than direct 8164, which is also built up as strong supports to protect Nifty last time.
BUT I PERSONALLY DO NOT THINK IT WILL BREAK 8264 IN ANY WORST CASE ALSO TODAY OR THIS WEEK UNLESS ANY ABNORMALITY IN WORLD MARKETS COMES INTO ACTION.
Upside if it will cross 8408 first followed by 8426 also and also stay above 8426 for 15 minutes with strong volume without breaking 8408, than expect further rally till 8278 only and not more than that for today. But yes in some extra ordinary good news if it cross 8278 than expect 8504 and that is it for today.
You must have noticed that since few days I am not advising about the stocks much and that is just because I am waiting for the NIFTY to cross any of my down or up side levels at least, and you would have marked it that No stock or even Nifty are moving at all and not crossing my levels even after lots of struggle and trials.
I assure you all I will definitely come up with my 100% FREE 101% ACCURATE STOCKS TIPS soon as soon as I see clear picture. Better to wait and watch as I believe everyone must earn money with my tips.
For stock specific advise I will update here on this page very soon.
OR
You can also keep eye on MY LIVE BLOG DURING MARKET HOURS to get my '100% FREE and 101% ACCURATE STOCK RELATED TIPS' & 'THE DAILY NIFTY CALL PUT OPTIONS STRATEGY JACKPOT TIP' at around 10 AM to get my tips on time.
GOOD LUCK :)
OTHER NEWS AND DATA :
Ø IMF cuts India's growth rate to 6.6% due to note ban
Ø Daiichi moves Delhi HC to block Fortis stake sale
Ø Inflation up 3.39%, may rise further in Jan-Feb
Ø Limited room to reduce fiscal deficit in FY18: Moody's
Ø Chinese economy to keep growing steadily: Xi Jinping
Ø BofA-ML expects India's fiscal deficit at 3.5% next yr
Ø No returning to subsidies on petrol, diesel: Govt
Ø RIL Q3 net profit up 3.6% to Rs 7,506 crore, GRM rises to $10.8/bbl
Ø GST set for July 1 roll-out, dual control hurdle over
Ø Richest 1% own 58% of total wealth in India, says Oxfam
Ø Agri input companies on fertile ground
Ø SC issues notice to WhatsApp, Centre on data privacy
Ø Donald Trump to offers Russia deal to end sanctions
Ø RIL to invest another Rs 30,000 crore into Jio Infocomm
Ø India slips to 92nd rank on global talent competitiveness
Ø BSE fixes IPO price band at Rs. 805-806, to raise Rs. 1,243 cr
Ø Suzlon, Gamesa achieve milestones in wind-power capacity installation
Ø Tata Steel using drones to monitor Jharkhand mine
Ø BSE starts trading at newly launched India INX
Ø Reliance Jio to add $4.4 billion in funding as Mukesh Ambani builds war chest
Ø 2.4 million new demat accounts opened last year, highest since 2008
Ø Govt planning to overhaul Rs10,000 crore start-up fund
Ø Luxottica and Essilor agree €46 billion merger to create eyewear giant
Ø WEF Report: 'Employers in India likely to trim head count on automation'
Ø Noble Energy to buy Clayton Williams Energy for $2.7 billion
Ø Indian consumers most optimist in region despite note-ban: Report
Ø Government to soon kickstart PSU strategic stake sale to meet divestment target, says official
Ø Now, withdraw Rs 10,000 from ATMs, weekly cap remains
Ø Sensex makes tepid recovery, bank shares lead gains
Ø Muthoot Finance to raise Rs 1,400 crore via NCDs
Ø Gold will retain strategic value in 2017: WGC
FM: Dual Control Issue Resolved* #GST
# FM on dual control issue:Entire tax base will be shared between centre & states. 90% services below Rs1.5 cr turnover to be with states
# FM: All assesses with Rs1.5 cr turnover or less 90% of them will assessed by States, 10% by Centre
# FM @arunjaitley: Businesses above turnover of Rs1.5 cr or less to be assessed 50:50 by Centre & States
# FM: Power to levy collect IGST tax is with central govt, by a special provision in law. States will also be empowered as per certain ratios
# *1st July roll-out of GST appears more realistic, that's the broad view among the GST Council: Finance Minister*
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