Nifty Today’s Trend, Prediction, View, Target 7th Jan 19

Nifty Today’s Trend, Prediction, View, Target 7th Jan 19

Nifty today’s trend was bullish and perfectly along expected lines in line with my prediction, view and now done my first target of 10625. Many traders were surprised with the way Nifty moved higher from the support area of 10625 spot Nifty levels mentioned but we knew well in advance that there is a bullish move starting from that price area and once again we got it perfectly right.

This is what we had mentioned yesterday in our website post and written openly.

“Those who are trading only on the basis of this post please use your own risk management and please always keep your risk in check and please do not over trade and keep in mind to be very nimble footed over the next few trading days because we will guide our clients as to when and where to get out of shorts or even build longs but those traders or investors who are only following this post may miss out or rather even get trapped in a counter trend move so those who are not our clients and are only trading on the basis of this post please keep in mind to be very nimble footed Indian stock markets could start some surprising moves in the coming days.”

This is what we told our clients to do today morning

1/4/19, 9:21 AM – Glen Drago: Good morning1/4/19, 9:21 AM – Glen Drago: Hold positions as told1/4/19, 9:21 AM – Glen Drago: Will update as and when anything needs to be done1/4/19, 9:40 AM – Glen Drago: Hold positions as told. Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part.  Bank Nifty  31 Jan 27000 Call 1 Part Short. Will Update as and when anything needs to be done.1/4/19, 10:18 AM – Glen Drago: NIFTy 10700 Capped short book profit at CMP1/4/19, 10:18 AM – Glen Drago: NIFTy 10700 Call short book profit at CMP1/4/19, 10:21 AM – Glen Drago: Exit bank Nifty and Nifty call shorts at CMP1/4/19, 10:21 AM – Glen Drago: Confirmation no open shorts1/4/19, 10:22 AM – Glen Drago: We could see a sharp pullback so we are getting out of shorts for the time being1/4/19, 10:22 AM – Glen Drago: Confirmation no open positions1/4/19, 10:23 AM – Glen Drago: Be on sidelines

This is what we did over the past few trading days

12/17/18, 9:00 AM – Glen Drago: Good morning12/17/18, 9:00 AM – Glen Drago: Hold positions as told12/17/18, 9:00 AM – Glen Drago: Will update as and when anything needs to be done12/17/18, 9:01 AM – Glen Drago: Usdinr is expected to move towards 73 in next few days. Don’t see Nifty sustaining on the higher side12/17/18, 2:43 PM – Glen Drago: Hold positions as told12/17/18, 2:43 PM – Glen Drago: Will update as and when anything has to be done12/17/18, 2:49 PM – Glen Drago: Nifty 31Jan Sell 11000 Call at CMP (Part 2)12/17/18, 2:49 PM – Glen Drago: Confirmation  Nifty 31Jan Sell 11000 Call at CMP (Part 2)12/17/18, 2:50 PM – Glen Drago: Keep space for 2 more parts12/17/18, 2:52 PM – Glen Drago: Nifty 27 Dec  10700 Call short rollover to 10900.    31 Jan Call12/17/18, 2:53 PM – Glen Drago: Confirmation Nifty 10700 Call short rolled over to 10900 Jan12/17/18, 3:01 PM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part. Nifty Keep Space For 2 More Parts, Bank Nifty Keep Space for 1 more part. Will keep updating as and when anything needs to be done.12/17/18, 3:18 PM – Glen Drago: Good Evening Nifty Updated View is given     http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-18th-dec.html12/17/18, 3:34 PM – Glen Drago: Additional Update has been added kindly go through the same so that you are well aware of the overall view      http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-18th-dec.html12/18/18, 9:13 AM – Glen Drago: Good morning12/18/18, 9:13 AM – Glen Drago: Hold positions as told12/18/18, 9:14 AM – Glen Drago: Will update if anything has to be done12/18/18, 10:06 AM – Kamal Shah diamond mkt added to the list12/18/18, 2:02 PM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part. Nifty Keep Space For 2 More Parts, Bank Nifty Keep Space for 1 more part. Will keep updating as and when anything needs to be done.12/18/18, 2:05 PM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part. Nifty Keep Space For 2 More Parts, Bank Nifty Keep Space for 1 more part.  Will keep updating as and when anything needs to be done. I dont see Nifty sustaining on the higher side for now though minor last move up could come.12/18/18, 3:06 PM – Glen Drago: Good Evening Nifty Update has been given   http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-19th-dec.html12/19/18, 9:13 AM – Glen Drago: Good morning12/19/18, 9:13 AM – Glen Drago: Hold positions as told12/19/18, 9:13 AM – Glen Drago: Will update in sometime12/19/18, 9:29 AM – Glen Drago: Don’t see usdinr sustaining lower around current levels. Reiterate we see USDINR moving towards 73 plus and eventually will cross the top of 75.12/19/18, 9:31 AM – Glen Drago: Nifty will be topping out anytime in the next few days and we see Nifty first moving below —– and then more lower than that. The up move is about to end and sharp reversal will start. We expect Nifty to end it’s outperforming nature and start playing catch up with the world indices which are in strong down trends12/19/18, 9:33 AM – Glen Drago: Looking at the over all scenario we don’t see Nifty sustaining on higher side and reversal is on the cards12/19/18, 9:37 AM – Glen Drago: Crude oil as mentioned yesterday the best of the sharp fall is in the price I don’t see Brent crude going below 52-53 area now. There are support zones now one after the other in line. Pullbacks will keep coming from time to time and trend will be down but the majority of the downside is done so effectively we will see up and down movements in crude oil with periods of sharp pullback12/19/18, 2:33 PM – Glen Drago: Hold positions as told. If anything has to be done will update. As and when we have to add 2nd part in Bank Nifty and 3&4th Part In Nifty will update. Reiterate we dont see upside sustaining but wait for msg to sell final parts.12/19/18, 3:13 PM – Glen Drago: Good Evening Nifty Update has been given                http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-20th-dec.html12/20/18, 9:09 AM – Glen Drago: Good morning12/20/18, 9:09 AM – Glen Drago: Hold positions as told12/20/18, 9:09 AM – Glen Drago: If anything has to be done will update12/20/18, 11:53 AM – Glen Drago: Silver Buy at CMP SL 37000 That 3813012/20/18, 11:58 AM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part. Nifty Keep Space For 2 More Parts, Bank Nifty Keep Space for 1 more part.,  SilverHold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part. Nifty Keep Space For 2 More Parts, Bank Nifty Keep Space for 1 more part. Will keep updating as and when anything needs to be done. I dont see Nifty sustaining on the higher side for now though minor last move up could come. Hold longs with 37000 SL. If anything else has to be done will update.12/20/18, 12:01 PM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part,  Silver Hold Longs with 37000 SL. Will keep updating as and when anything needs to be done.12/20/18, 1:39 PM – Glen Drago: Reiterate dont see Nifty sustaining on the higher side although some minor upmove could still come but I dont see Nifty sustaining on the higher side and we reiterate our immediate target of    for Nifty. Bank Nifty also we do not see sustaining on the higher side and see Bank Nifty resistance around 27600-27200 spot area we do not see Bank Nifty trading above the resistance area and expect Bank Nifty to breka recent lows of 24000 in the near term. Thanks to the holiday season this could take a few days of consilidation and then a breakdown. Will Update as and when anything needs to be done. Hold positions as told.12/20/18, 4:51 PM – Glen Drago: Nifty Update For Today      http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-21st-dec.html12/20/18, 8:55 PM – Glen Drago: Silver Trail positions to cost /37250 & continue holding for TGT 3813012/21/18, 9:10 AM – Glen Drago: Good morning12/21/18, 9:10 AM – Glen Drago: Hold positions as told12/21/18, 9:10 AM – Glen Drago: Will update as and when anything needs to be done12/21/18, 12:49 PM – Glen Drago: Hold Nifty 31 Jan 11000 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part.  Silver Hold Longs With Trailing SL 37255/ Cost.  As & whenever anything has to be done will update.12/21/18, 2:01 PM – Glen Drago: Nifty 31 Jan 11000 Call Short 1 Part Book Profit at CMP & Nifty 31 Jan 10800 Call Sell 1 Part @ CMP12/21/18, 2:03 PM – Glen Drago: Hold Nifty 31 Jan 10800 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 27 Dec 26600 Call Short 1 Part.  Silver Hold Longs With Trailing SL 37255/ Cost.  As & whenever anything has to be done will update.12/21/18, 2:04 PM – Glen Drago: Call short means Mandi12/21/18, 2:40 PM – Glen Drago: Bank Nifty Book Profit in 27 Dec 26600 1 Part Call Short @ CMP & Bank Nifty Sell 3 Jan 26600 1 Part Call.12/21/18, 2:42 PM – Glen Drago: Hold Nifty 31 Jan 10800 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part.  Silver Hold Longs With Trailing SL 37255/ Cost.  As & whenever anything has to be done will update.12/24/18, 9:09 AM – Glen Drago: Good morning12/24/18, 9:09 AM – Glen Drago: Hold positions as told12/24/18, 9:09 AM – Glen Drago: If anything has to be done will update12/24/18, 9:37 AM – Glen Drago: We do not see Nifty sustaining on the higher side any bounce back if any should be used to exit long positions if you have any long positons. Our view remains we see lower levels. Hold Nifty 31 Jan 10800 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part.  Silver Hold Longs With Trailing SL 37255/ Cost.  As & whenever anything has to be done will update12/24/18, 2:38 PM – Glen Drago: Hold positions as told12/24/18, 2:38 PM – Glen Drago: Will update if anything has to be done12/24/18, 2:49 PM – Glen Drago: Nifty 31 Jan 10900 Call Short 1 Part Book Profits & Nifty 31 Jan 10700 Call Sell 1 Part Short.12/24/18, 2:51 PM – Glen Drago: Hold Nifty 31 Jan 10800 Call Short 1 Part & Nifty 31 Jan 10700 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part.  Silver Hold Longs With Trailing SL 37255/ Cost.  Trend remains down and we dont see any upside sustaining. Bounces will keep coming from time to time but trend will remain lower.12/24/18, 3:04 PM – Glen Drago: We are taking Call shorts as there could be low volume over in this week and first half of next week due to holiday season and most of the insti guys being on holiday.  Overall trend remains down. Nifty moving perfectly as expected and predicted.12/26/18, 9:05 AM – Glen Drago: Good morning12/26/18, 9:09 AM – Glen Drago: Hold positions as told12/26/18, 9:09 AM – Glen Drago: Will update as and when anything needs to be done12/26/18, 9:10 AM – Glen Drago: Overall trend remains down minor pullbacks and consolidation can take place however we don’t see the pull back sustaining on higher side12/26/18, 9:41 AM – Glen Drago: Nifty 31 Jan 10800 Call Short Book Profit In 1 Part & Nifty 31 Jan 10600 Call Sell 1 Part at CMP12/26/18, 9:43 AM – Glen Drago: Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part. Silver Hold longs with 37250 Trailing SL. Will Keep Updating as and when anything needs to be done.12/26/18, 9:57 AM – Glen Drago: Trend remains down. We dont see any pullback sustaining. Hold shorts as told. If anything else has to be done will keep updating.  Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part. Silver Hold longs with 37250 Trailing SL. Will Keep Updating as and when anything needs to be done.12/26/18, 11:50 AM – Glen Drago: Silver Book 50% Profits @ CMP / 37715 & Trail remaining Qty to 37250 / Cost12/26/18, 11:51 AM – Glen Drago: Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part. Silver Hold remaining longs with 37250 Trailing SL. Will Keep Updating as and when anything needs to be done.12/26/18, 4:32 PM – Glen Drago: Nifty gave a sharp pullback from lower side today. As we have guided we were expecting a pullback however keep in mind that we do not see any pullback sustaining on the higher side. Nifty has strong resistance around 10820 spot Nifty levels and we do not see Nifty sustaining on higher but keep in mind for the next few trading days moves could be zigzag hence it will be prudent to follow messages and trade in options till the end of the holiday season as many insti guys are on a holiday.12/26/18, 8:08 PM – Glen Drago: Silver target achieved. Book full profit12/27/18, 9:12 AM – Glen Drago: GM Nifty is expected to be choppy for the next 3-4 trading days. We dont see any upside sustaining however we will wait for the choppy moves to play out and then add positions if deemed fit. As of now Hold positions as told if anything has to be done will update.12/28/18, 9:13 AM – Glen Drago: Good morning hold positions as told12/28/18, 9:13 AM – Glen Drago: Will update if anything has to be done12/28/18, 12:28 PM – Glen Drago: Hold positions as told. If anything has to be done will update.12/28/18, 3:02 PM – Glen Drago: Nifty 31 Jan Sell 10900 Call At CMP12/28/18, 3:04 PM – Glen Drago: Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part & Nifty 31 Jan 10900 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part. If anything else has to be done will keep updating. Overall we do not see Nifty sustaining on the higher side. We expect lower levels on Nifty in the coming days.12/28/18, 3:12 PM – Glen Drago: Good Evening Nifty View has been updated                            http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-31st-dec.html12/31/18, 9:07 AM – Glen Drago: Good morning12/31/18, 9:07 AM – Glen Drago: Hold positions as told12/31/18, 9:07 AM – Glen Drago: Will update if anything has to be done1/1/19, 10:19 AM – Glen Drago: Good morning1/1/19, 10:19 AM – Glen Drago: Wishing everyone a happy New year.1/1/19, 10:19 AM – Glen Drago: Hold positions as told1/1/19, 10:19 AM – Glen Drago: If anything has to be done will update1/1/19, 2:14 PM – Glen Drago: Low volume day again. If anything has to be done will update1/1/19, 5:12 PM – Glen Drago: Good Evening Nifty Update                                             http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-2nd-jan.html1/2/19, 9:05 AM – Glen Drago: Good morning1/2/19, 9:05 AM – Glen Drago: Hold positions as told1/2/19, 9:05 AM – Glen Drago: Will update if anything has to be done1/2/19, 10:41 AM – Glen Drago: Nifty has resistance around 11000. We are now nearing a time cycle area which is known for reversals. We don’t expect Nifty to sustain on the higher side and see lower targets of   . Bank Nifty looks more weaker to me than Nifty and we see lower targets of 24000 for Bank Nifty. Will keep updating as and when anything needs to be done. Hold positions as told.1/2/19, 12:50 PM – Glen Drago: Nifty 31 Jan 10900 Call 1 Part Short Book Profit at CMP1/2/19, 12:52 PM – Glen Drago: Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 3 Jan 26600 Call Short 1 Part. Nifty heading for lower target of    & Bank Nifty Target 24000.1/2/19, 12:56 PM – Glen Drago: Bank Nifty Hold 3 Jan 26600 Call Short 1 Part Rollover to 31 Jan 26500 Call 1 Part Short.1/2/19, 12:57 PM – Glen Drago: Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 31 Jan 26500 Call Short 1 Part. Reiterate Nifty heading for lower target of    & Bank Nifty Target 240001/2/19, 1:24 PM – Glen Drago: Continue Holding Short Positions as told, we see Nifty heading lower towards    target.  Will keep updating as and when anything needs to be done.1/2/19, 3:07 PM – Glen Drago: STBT Trade Nifty Jan Fut Sell @ CMP1/2/19, 3:51 PM – Glen Drago: Good Evening Nifty Update       http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-3rd-jan.html1/3/19, 8:50 AM – Glen Drago: Good morning1/3/19, 8:50 AM – Glen Drago: Hold positions as told1/3/19, 8:50 AM – Glen Drago: If anything has to be done will update1/3/19, 11:18 AM – Glen Drago: Hold positions as told. Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 31 Jan 26500 Call Short 1 Part. Nifty Hold STBT Trade 1 Part Nifty Jan Fut Short. Will Keep Updating as and when anything needs to be done.1/3/19, 12:34 PM – Glen Drago: STBT Trade Nifty Jan Fut Book Profits In Shorts Done Yesterday1/3/19, 12:35 PM – Glen Drago: Hold positions as told. Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part. Bank Nifty Hold 31 Jan 26500 Call Short 1 Part. Will keep updating as and when anything needs to be done.1/3/19, 2:19 PM – Glen Drago: Bank Nifty Book Profits In 31 Jan 26500 Call Short 1 Part & Bank Nifty Sell 31 Jan 27000 Call 1 Part at CMP1/3/19, 2:21 PM – Glen Drago: Hold positions as told. Hold Nifty 31 Jan 10700 Call Short 1 Part & Nifty 31 Jan 10600 Call Short 1 Part.  Bank Nifty  31 Jan 27000 Call 1 Part Short. Will Update as and when anything needs to be done.1/3/19, 3:33 PM – Glen Drago: Good Evening   Nifty Update     http://www.mallavv.com/sgx-nifty/nifty-todays-trend-prediction-view-target-4th-jan-19.html

Now from here where do we see Nifty moving back to 11200 or Below 10000? We will keep updating all the details to our clients during live market hours.

Good Trading To You!