1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures - Bac

[prabhsingh]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Even though the market has come down from 6000 to 5980, Options Data still indicate a Buy. Hope you can buy around 5973 (since the pivot has come down to 6033 from 6048).

Raj,

How did you derived 5973 level?

 

[abhimundra]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj,

What is your view on RIL and SBIN?

Cheers

 

[prabhsingh]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I will try to make some fib projection for SPOT Nifty.Lets see if it works out.
Targets on long side are: 6007,6025 and 6055

 

[jamit_05]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj,

What is your view on RIL and SBIN?

Cheers

Bot SBIN at 1800. It is at a strong support.

 

[abhimundra]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I have build a position with avg price of 1795 in SBI. Also, have a short position in RIL with avg of 912 over last 2 days as RIL appears to be on the brink of oblivion!!

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj,

How did you derived 5973 level?

Since the Pivot is at 6033. 5973 is sixty points from 6033.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Raj,

What is your view on RIL and SBIN?

Cheers

SBIN : The Range is 1800-2000. So it is a Buy at 1800 for Positional trade. But Current Intraday Trend is SELL. So wait for the BUY Signal. Right now PUTs are getting squared OFF.

RIL: It is no trade zone, since it is trading within a Tight range of 880-900 (Where the MAX OI is there). The Intraday Signal is a SELL.

 

[healthraj]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

I have build a position with avg price of 1795 in SBI. Also, have a short position in RIL with avg of 912 over last 2 days as RIL appears to be on the brink of oblivion!!

You can hold both the positions for Positional Trade. For Intraday I am not sure about RIL. But SBIN normally follows NIFTY

 

[jamit_05]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

You can hold both the positions for Positional Trade. For Intraday I am not sure about RIL. But SBIN normally follows NIFTY

I do not want to buy much higher than 1800, because if the price falls further to next support of 1600... then my purchase price should still be "reachable" for a break even exit.

This is more possible in heavy weights. Hence, doing it in SBIN and not Union Bank.

 

[abhimundra]

Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -

Thanks healthraj!
RIL seems to be having a strong resistance at 920. It may not breach that since the bulls appear to be tired at that level.