Daily Tryst with Nifty

[Sunil]

unless NF touches 4238, we will have NR7 today (3rd consecutive NR4 day)

and today, even Spot signals NR7

 

[MurAtt]

Neg div in 5 min spot. anyone ...

 

[MurAtt]

GM everyone,

Flag formation on 5 min Spot?

 

[WOD]

I have got one thought here; please let me know if there is any issue with my thinking pattern:

how about sellling PE 4300 at around 22 rs now with a stop of 18........if at the end of the nifty seems like staying above 4300, we can cover our position well at rs 2 o 3 with a profit of 17 to 18 rs ......


What you think guys.....

 

[MurAtt]

WOD
Nice strategy -- is good. Selling puts will entail a margin equal to selling 1 lot NF.

@ All Members
Are we forming an I HnS on 5 min Spot? Huge Head and Small Shoulders. Right shoulder in formation.
I have 2x4300calls@41, 2x4300puts@18 (incl brokerage). NL 4330. Break would give us approx 150 pts taking us to 4480 which is 40 pts higher than the triangle tgt posted y'day.

Ooh la la -- we're in for BIG moves ahead unless the pattern fails ...

 

[taqtrader]

murtaza you must heard today nifty is shifting from weighted to free float it will affect many securities & MFs are gonna adjust their portfolios some already does in last weak or so last hour can be very volatile so play accordingly.

& i am slightly bias towards long side untill we maintain 4280 for probable tgts 4470-4560

 

[WOD]

is that a "W" in formation....

 

[MurAtt]

NR7-2 anyone :yahoo:

 

[metushar]

NR7-2 anyone :yahoo:

Should i buy a straddle today then?

 

[WOD]

tragedy happened guys.....was holding B postion on PE 4300 @ 17 and had a stop loss @ 18.5. My stop loss hit and now I am seeing PE 4300 @ 51