Sunday 31 December 2017

Bank Nifty Spot Outlook for 01st Jan 2018

Wishing everyone a very Happy and Prosperous New Year 2018 !!!


BANK NIFTY


Bank Nifty spot opened at 25484.85 ,made a low of 25450.25 ,  it made a high of 25566.40,   before closing at 25539.45  .

Had mentioned that long positions can be taken above 25545 for the day and short positions can be taken below 25435 .  Bank Nifty triggered our long trade but could not complete any target . Bank Nifty again traded in a very narrow range and we should see a bigger move in the coming week . Bank Nifty was unable to give a consecutive close above 25655 last month or sustain above 25755 for a stronger upmove . This week Bank Nifty needs to break and sustain above 25645 for a test of its immediate resistance levels of 25760 - 25785 initially .  Had also mentioned in the previous session " Those who have entered shorts should now move their trailing cbsl for 25595 and follow weekly levels once it sustains / closes below 25475 . " , but Bank Nifty did not sustain / close below 25475 inspite of breaking below on last 3 consecutive days so we may see an attempt to retest 25655 - 25755 levels . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25440 can test 25385 - 25370 and on sustaining below it we can see a further correction till 25325 - 25275 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25545 we can see a test of 25595 - 25610 initially and breaking and sustaining above it we can see a further move till 25665 - 25720 next . " , and Bank Nifty traded between 25440 - 25545 for the most part of the day and did not take a clear direction and stayed in the narrow range . 


Now in the coming session Bank Nifty breaking and sustaining below 25500 can test 25455 - 25445 and on sustaining below it we can see a further correction till 25410 - 25370 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25580 we can see a test of 25625 - 25635 initially and breaking and sustaining above it we can see a further move till 25670 - 25710 next . 


Bank Nifty Spot Levels for the day are

Long above 25580 for 25605 
– 25635 – 25710 , SL 25525

Short below 25500 for 25475 – 25445 – 25370 , SL 25555

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Nifty Spot Outlook for 01st Jan 2018

Wishing everyone a very Happy and a Prosperous New Year 2018


NIFTY


Nifty spot opened at 10492.35 , made a low of 10488.65 , it made a high of 10538.70 ,  before closing at 10530.70

Had mentioned that long positions for the day can be taken above 10495 and short positions can be taken below 10460 .  Nifty initially triggered our long trade and nearly completed all 3 long targets for the day  . Nifty took resistance near our weekly long confirmation level of 10550 in the past week and did not sustain above it for fresh longs to be added and for a move towards 10650 .  

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10460 to test  10445 - 10440 initially and sustaining below it we can see a further correction till 10425 - 10410 . Similarly breaking and sustaining above 10495 we can see a test of 10510 - 10515 initially and breaking / sustaining above it we can see a further move till 10530 - 10545  . " , and today Nifty made a high of 10538.70 within our next resistance zone for the day and also closed within it . 


Now in the coming session Nifty needs to break and sustain below 10515 to test 10500 - 10495 initially and sustaining below it we can see a further correction till 10485 - 10465. Similarly breaking and sustaining above 10545 we can see a test of 10560 - 10565 initially and breaking / sustaining above it we can see a further move till 10580 - 10595


Nifty Spot Levels for the day are

Long above 10545 for 10555 - 10565 - 10595 , SL 10525

Short below 10515 for 10505 - 10495 - 10465 , SL 10535

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Weekly Spot Outlook of Bank Nifty for 01st to 05th Jan 2018

Wishing all the readers in advance a Happy New Year !!!

BANK NIFTY

This week Bank Nifty spot went up by 85 points and went down by 231 points over last weeks close before finally ending the week with a decrease of 109 points compared to last weekly closing.


As per levels given for the previous week Bank Nifty Spot needed to break and sustain above 25820 to confirm uptrend and Bank Nifty spot needed to break and sustain below 25475 to confirm downtrend for the week. Bank Nifty made a high of 25733.20 and a low of 25417.40 for the week . 


Bank Nifty this week triggered our weekly short trade but did not confirm it by closing below 10475 inspite of breaking below on 3 consecutive days . As mentioned in the previous weekly post " Now in the coming week Bank Nifty needs to break and sustain / close above 25820 for a test of 26000 - 26050 initially and closing above it we can see a further move till 26205 - 26375 . Similarly on sustaining / closing below 25475 we can see a test of 25295 - 25520 initially and closing below it we can see a test of 25095 - 24925 . Fresh longs can be entered on sustaining / closing above 25820 this week with a cbsl of 25700 and if Bank Nifty sustains / closes above 26000 - 26050 zone then the trailing cbsl should be kept at 25875 . Fresh shorts can be entered on sustaining / closing below 25475 . For a bigger upmove in December we need a consecutive close above 25655 . Bank Nifty has resistance near 25930 - 26085 zone as per monthly levels and sustaining / closing above it is required for a test of 26325 - 26525 . "  and Bank Nifty did not sustain below 25475 after breaking below it on 3 days . Nifty has been making new lifetime highs but Bank Nifty has been lagging behind and we need to see Bank Nifty move up for Nifty to continue further towards 10600 and above . 


Now in the coming week Bank Nifty needs to break and sustain / close above 25645 for a test of 25760 - 25785 initially and closing above it we can see a further move till 25880 - 25985. Similarly on sustaining / closing below 25435 we can see a test of 25320 - 25295 initially and closing below it we can see a test of 25200 - 25100 . Fresh longs can be entered on sustaining / closing above 25645 this week with a cbsl of 25570 and if Bank Nifty sustains / closes above 25760 - 25785 zone then the trailing cbsl should be moved to 25710 . Fresh shorts can be entered on sustaining / closing below 25435 . For a bigger upmove in December we need a consecutive close above 25655 . Bank Nifty has resistance near 25930 - 26085 zone as per monthly levels and sustaining / closing above it is required for a test of 26325 - 26525 .

In the month of January fresh longs can be considered on getting a consecutive close above 25760 and fresh short can be considered on getting a consecutive close below 25320 . 


Bank Nifty Spot Levels for the week are

Long above 25605 , Tgt 25645 - 25680 - 25710

IF Bank Nifty spot manages to get a close / sustain above 25760 then 

long again for 25785 - 25880 - 25985

Short below 25475 , Tgt 25435 - 25400 - 25370

IF Bank Nifty spot manages to get a close / sustain below 25320 then 

short again for 25295 - 25200 - 25100


P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and continue trailing it further .

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Weekly Spot Outlook of Nifty for 01st to 05th Jan 2018

Wishing all the readers in advance a Happy New Year !!!

NIFTY

This week Nifty spot went up by 59 points and then went down by 33 points before finally ending the week with a gain of 38 points compared to last weekly closing. 


As per levels given for the previous week Nifty Spot needed to break and sustain above 10550 to confirm uptrend and Nifty spot needed to break and sustain below 10435 to confirm downtrend for the week. Nifty made a high of 10552.40 and a low of 10460.45 for the week. 


In the last week of the year which was also a truncated one Nifty did not confirm a trade in either direction and traded mostly between our weekly long and short confirmation levels . In the previous week had mentioned that " Now in the coming week Nifty needs to break and sustain above 10550 to test 10610 - 10625 initially and above it we can see a test of 10675 - 10735 . Breaking and sustaining below 10435 we can see a test of 10375 - 10360 initially and below it we can see a test of 10310 - 10250 . Those who are holding longs entered above 10340 in the previous week should now keep a trailing cbsl of 10410 and can further move their trailing cbsl to 10510 once Nifty breaks and sustains / closes above 10550 .  Fresh long positions can be taken on sustaining / closing above 10550 in the coming week and can be held on sustaining / closing above 10625 ." and Nifty made a high of 10552.40 but could not sustain / close above it for fresh longs to be entered for the week . 


Now in the coming week Nifty needs to break and sustain above 10570 to test 10615 - 10625 initially and above it we can see a test of 10660 - 10695 . Breaking and sustaining below 10490 we can see a test of 10450 - 10440 initially and below it we can see a test of 10405 - 10365. Those who are holding longs entered above 10340 since 2 weeks should now move their trailing cbsl to 10490 from 10410 given last week  and can further move their trailing cbsl to 10545 once Nifty breaks and sustains / closes above 10570 . Fresh long positions can be taken on sustaining / closing above 10570 in the coming week and can be held on a consecutive close above 10615 . Those who are looking to go short on a rise till 10570 should keep a strict cbsl of 10615 and can hold on sustaining / closing below 10490 for the week . 

In the month of January fresh longs can be considered on getting a consecutive close above 10615 and fresh shorts can be considered on getting a consecutive close below 10450 . 


Nifty Spot Levels for the week are

Long above 10555 , Tgt  10570 - 10585 - 10595

IF Nifty spot manages to get a close / sustain above 10615 then ,

long again for 10625 - 10660 - 10695

Short below 10505 , Tgt 10490 - 10480 - 10465

IF Nifty spot manages to get a close / sustain below 10450 then, 

short again for 10440 - 10405 - 10365

P.S. Always wait for the yellow highlighted levels to be crossed after taking a long/short position for confirmation of the trade . Once the highlighted levels are crossed and the next target is achieved move your Stoploss to the highlighted levels and keep trailing your stoploss .

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog.

Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Saturday 30 December 2017

Nifty & Bank Nifty Journey 2017

NIFTY

Nifty had closed at  8185.80 on 30th Dec 2016 and its has not closed below it by even 10 points the entire year of 2017 and has been moving up consistently .

Nifty gave its first  close above 10000 on 26th July 2017 and the lowest close post that was 9710.80 which on 11th Aug .

Nifty kept making new life time highs and we saw a high of 10552.40 on 27th Dec for the year 2017 .

Nifty ended 2017 with a close of 10530.70 which is a gain of 2344.90 points and 28.65%  over the close of 2016 .

Nifty has a good base near 9700 - 9750 as per the above.


BANK NIFTY

Bank Nifty had closed at 18177.20 on 30th Dec 2016 and its not closed below it by even 300 points the entire year of 2017 and has been moving up consistently .

Bank Nifty gave its close above 21000 on 14th March 2017 and the lowest close post that was 20781.35 which was on 22nd March .

Bank Nifty kept making new life time highs and we saw a high of 25953.30 on 28th November for the year 2017 .

Bank Nifty ended 2017 with a close of 25539.45 which is a gain of 7362.25 points and 40.50 % over the close of 2016 .

Bank Nifty has a good base near 20800 - 20900 as per the above.

Overall it was a good year for bulls .

Wishing everyone a profitable 2018 


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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.







Thursday 28 December 2017

Bank Nifty Spot Outlook for 29th Dec

BANK NIFTY


Bank Nifty spot opened at 25463.60 ,made a high of 25561.95 ,  it made a low of 25417.40,   before closing at 25490  .

Had mentioned that long positions can be taken above 25550 for the day and short positions can be taken below 25445 .  Bank Nifty initially triggered our long trade but could not sustain and took our stoploss for the day .  Bank Nifty then triggered our short trade and again did not complete any targets . Bank Nifty traded in a very narrow range for the expiry and we should see a bigger move in the next few sessions . Bank Nifty has been unable to give a consecutive close above 25655 this month or sustain above 25755 for a stronger upmove . This week Bank Nifty needed to break and sustain above its immediate resistance levels of 25820 for a test of 25930 - 26085 initially .  Had also mentioned in the previous session " Those who are intending to go short in the coming sessions should keep a strict cbsl of 25825 " , and those who had entered shorts should now move their trailing cbsl to 25595 and follow weekly levels once it sustains / closes below 25475 . Bank Nifty today triggered our weekly shorts but it needs to sustain / close below 25475 tomorrow for a move towards 25295 - 25250 initially and being unable to do so we can see an attempt to retest 25655 - 25755 . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25445 can test 25390 - 25375 and on sustaining below it we can see a further correction till 25325 - 25275 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25550 we can see a test of 25605 - 25620 initially and breaking and sustaining above it we can see a further move till 25665 - 25720 next . " , and Bank Nifty today broke 25445 & 25550 but could not sustain on either side indicating indecisiveness and traded a narrow range . 


Now in the coming session Bank Nifty breaking and sustaining below 25440 can test 25385 - 25370 and on sustaining below it we can see a further correction till 25325 - 25275 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25545 we can see a test of 25595 - 25610 initially and breaking and sustaining above it we can see a further move till 25665 - 25705 next . 


Bank Nifty Spot Levels for the day are

Long above 25545 for 25570 
– 25610 – 25705 , SL 25475

Short below 25435 for 25410 – 25370 – 25275 , SL 25505

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Nifty Spot Outlook for 29th Dec

NIFTY


Nifty spot opened at 10498.20 , made a high of 10534.55 , it made a low of 10460.45 ,  before closing at 10477.90

Had mentioned that long positions for the day can be taken above 10510 and short positions can be taken below 10475 .  Nifty initially triggered our long trade and completed 2 targets and then took our TSL . It then triggered our short trade too and completed just 1 target . Nifty has been taking resistance near our weekly long confirmation level of 10550 in the past 2 sessions and needs to sustain above it for fresh longs to be added and for a move towards 10650 .  

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10475 to test  10460 - 10455 initially and sustaining below it we can see a further correction till 10440 - 10425 . Similarly breaking and sustaining above 10510 we can see a test of 10525 - 10530 initially and breaking / sustaining above it we can see a further move till 10540 - 10560  . " , and today Nifty made a high of 10534.55 just above our initial resistance zone and reversed to make a low of 10460.45 at our initial support zone . 


Now in the coming session Nifty needs to break and sustain below 10460 to test 10445 - 10440 initially and sustaining below it we can see a further correction till 10425 - 10410. Similarly breaking and sustaining above 10495 we can see a test of 10510 - 10515 initially and breaking / sustaining above it we can see a further move till 10530 - 10545


Nifty Spot Levels for the day are

Long above 10495 for 10505 - 10515 - 10545 , SL 10470

Short below 10460 for 10450 - 10440 - 10410 , SL 10485

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Wednesday 27 December 2017

Bank Nifty Spot Outlook for 28th Dec

BANK NIFTY


Bank Nifty spot opened at 25652.85 ,made a high of 25733.20 ,  it made a low of 25429.55 ,   before closing at 25496.05 .

Had mentioned that long positions can be taken above 25725 for the day and short positions can be taken below 25625 .  Bank Nifty initially triggered our long trade but could not sustain and took our stoploss for the day .  Bank Nifty then triggered our short trade and completed all our short targets for the day giving around 175+ points correction . Bank Nifty had given a close above 25655 in the previous session and had mentioned that we need to see if we can get a consecutive close above it today for a upmove to begin or need it to sustain above 25755 for shorts to exit and we saw Bank Nifty give a intraday correction of 300 points from the high point of the day after being unable to break and sustain above 25755. Nifty made another new lifetime high today whereas Bank Nifty is still lagging behind .  Now in this week Bank Nifty needs to break and sustain above its immediate resistance levels of 25820 for a test of 25930 - 26085 initially .  Had also mentioned in the previous session " Those who are intending to go short in the coming sessions should keep a strict cbsl of 25825 " , and those who entered shorts today should now move their trailing cbsl to 25595 and follow weekly levels once it sustains / closes below 25475 . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25625 can test 25575 - 25560 and on sustaining below it we can see a further correction till 25515 - 25465 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25725 we can see a test of 25780 - 25790 initially and breaking and sustaining above it we can see a further move till 25835 - 25885 next . " , and Bank Nifty today made a low of 25429.55 below our next support zone after being unable to sustain above 25725 initially . 


Now in the coming session Bank Nifty breaking and sustaining below 25445 can test 25390 - 25375 and on sustaining below it we can see a further correction till 25325 - 25275 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25550 we can see a test of 25605 - 25620 initially and breaking and sustaining above it we can see a further move till 25665 - 25720 next . Today Bank Nifty has taken our trailing cbsl of longs . 


Bank Nifty Spot Levels for the day are

Long above 25550 for 25580 
– 25620 – 25720 , SL 25480

Short below 25445 for 25410 – 25375 – 25275 , SL 25515

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Nifty Spot Outlook for 28th Dec

NIFTY


Nifty spot opened at 10531.05 , made a high of 10552.40 , it made a low of 10469.25 ,  before closing at 10490.75

Had mentioned that long positions for the day can be taken above 10550 and short positions can be taken below 10515 .  Nifty triggered our long trade but did not sustain and took our stoploss for the day . Nifty the triggered our short trade and nearly completed all short targets for the day . Nifty had triggered our weekly longs at close in the previous session but today failed to sustain above our confirmation levels to stay long . Had mentioned in the previous post " Now that Nifty has closed comfortably above 10455 - 10465 we can see a move till 10550 - 10650 too . For the coming week Nifty has to break and sustain / close above 10550 where it has its next immediate resistance. " , and today Nifty made a high of 10552.40 completing the first target of 10550 .  Bank Nifty today again could not sustain above 25655 - 25755 zone and once again failed to give a consecutive close above 25655 . Bank Nifty now needs to sustain above 25820 for further upmove . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10515 to test  10500 - 10495 initially and sustaining below it we can see a further correction till 10480 - 10460 . Similarly breaking and sustaining above 10550 we can see a test of 10565 - 10570 initially and breaking / sustaining above it we can see a further move till 10585 - 10600  . " , and today Nifty made a low of 10469.25 within our next support zone after being unable to sustain above 10550  . 


Now in the coming session Nifty needs to break and sustain below 10475 to test 10460 - 10455 initially and sustaining below it we can see a further correction till 10440 - 10425. Similarly breaking and sustaining above 10510 we can see a test of 10525 - 10530 initially and breaking / sustaining above it we can see a further move till 10540 - 10560


Nifty Spot Levels for the day are

Long above 10510 for 10520 - 10530 - 10560 , SL 10485

Short below 10475 for 10465 - 10455 - 10425 , SL 10495

Expected expiry levels are as follows

Upper Range - 10559

Lower Range - 10422

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Tuesday 26 December 2017

Bank Nifty Spot Outlook for 27th Dec

BANK NIFTY


Bank Nifty spot opened at 25659.75 ,made a low of 25545.60 ,  it made a high of 25712.95 ,   before closing at 25675.25 .

Had mentioned that long positions can be taken above 25715 for the day and short positions can be taken below 25585 .  Bank Nifty triggered our short trade and completed just 1 target . Have been mentioning that Bank Nifty has to give a consecutive close above 25655 for a stronger upmove or needs to sustain above 25755 for shorts to exit and today again Bank Nifty has given a close above 25655 and lets see if we get a consecutive one tomorrow for a upmove to begin . Nifty made another new lifetime high today whereas Bank Nifty is lagging behind .  In this week Bank Nifty needs to break and sustain above its immediate resistance levels of 25820 for a test of 25930 - 26085 initially .  Those who are intending to go short in the coming sessions should keep a strict cbsl of 25825 . 


Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 25585 can test 25515 - 25500 and on sustaining below it we can see a further correction till 25440 - 25375 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25715 we can see a test of 25785 - 25800 initially and breaking and sustaining above it we can see a further move till 25860 - 25925 next . " , and Bank Nifty today did not test our initial support zone on sustaining below 25585 and also failed to break and sustain above 25715 on the upside . 


Now in the coming session Bank Nifty breaking and sustaining below 25625 can test 25575 - 25560 and on sustaining below it we can see a further correction till 25515 - 25465 next. Similarly in the coming session Bank Nifty breaking and sustaining above 25725 we can see a test of 25780 - 25790 initially and breaking and sustaining above it we can see a further move till 25835 - 25885 next . Those who are holding longs should now trail their cbsl to 25595 from 25505 mentioned earlier .


Bank Nifty Spot Levels for the day are

Long above 25725 for 25755 
– 25790 – 25885 , SL 25660

Short below 25625 for 25595 – 25560 – 25465 , SL 25690

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

Nifty Spot Outlook for 27th Dec

NIFTY


Nifty spot opened at 10512.30 , made a low of 10477.95 , it made a high of 10545.45 ,  before closing at 10531.50 .

Had mentioned that long positions for the day can be taken above 10515 and short positions can be taken below 10470 .  Nifty triggered our long trade and completed 2 targets for the day . Nifty also triggered our weekly longs at close but we need it to sustain / close above 10550 to confirm longs for the week . Had mentioned in the previous post " Now that Nifty has closed comfortably above 10455 - 10465 we can see a move till 10550 - 10650 too . For the coming week Nifty has to break and sustain / close above 10550 where it has its next immediate resistance. " , and today Nifty nearly tested the lower end of the range with a high of 10545.45 . Bank Nifty has today closed within 25655 - 25755 zone and it needs to give a consecutive close above 25655 or sustain above 25820 for further upmove . 

Had mentioned in the previous post " Now in the coming session Nifty needs to break and sustain below 10470 to test  10450 - 10445 initially and sustaining below it we can see a further correction till 10425 - 10405 . Similarly breaking and sustaining above 10515 we can see a test of 10540 - 10545 initially and breaking / sustaining above it we can see a further move till 10560 - 10580  . " , and today Nifty made a high of 10545.20 just above our initial resistance zone  . 


Now in the coming session Nifty needs to break and sustain below 10515 to test 10500 - 10495 initially and sustaining below it we can see a further correction till 10480 - 10460. Similarly breaking and sustaining above 10550 we can see a test of 10565 - 10570 initially and breaking / sustaining above it we can see a further move till 10585 - 10600


Nifty Spot Levels for the day are

Long above 10550 for 10560 - 10570 - 10600 , SL 10525

Short below 10515 for 10505 - 10495 - 10460 , SL 10540

If you want to see the post in your Inbox , kindly register by adding your email id in  the 'Subscribe to my posts' section on the top right side of the blog. Also please give your valuable feedback by selecting the appropriate reactions box at the bottom of the post.

Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.