Daily Tryst with Nifty

[myvineet]

Where is sunil bhai???

 

[myvineet]

be ready for inside bar.....

 

[MurAtt]

Neg div in 5min Spot? Anyone ...

Negated ...

 

[myvineet]

sunil bhai...still absent ??

any leave application ???

 

[Sunil]

SM, your triangle updated:

Acc to Triangle -- 180 pts for the taking from 4280 comes to 4460!!! That's a pretty Big Order unless I'm mistaken somewhere ...

After a retest of the same TL, the target has been achieved - thanks to the effective +ve divergence play in 60min:

Latest 60min Chart:

 

[Sunil]

sunil bhai...still absent ??

any leave application ???

The BEST leave application ever in this forum:

here

Good ol' days... :lol:

 

[taqtrader]

hi sunil how are you

posted yesterday morning 4:00 am
http://www.traderji.com/derivatives/18953-nifty-futures-trading-2200.html#post328017

till now everything is going according to plan touch 4447 high & than close at 4390 close above 4440 will invalidate this pattern
what's you view?

 

[Sunil]

hi sunil how are you

posted yesterday morning 4:00 am
http://www.traderji.com/derivatives/18953-nifty-futures-trading-2200.html#post328017

till now everything is going according to plan touch 4447 high & than close at 4390 close above 4440 will invalidate this pattern
what's you view?

This is the last trading week (3 more days) before the Budget Day on 6-July. Ideally, it should not be a big ranging week, and hence expecting range contraction in daily & weekly chart.
2 day swing is up, with SL at 4250
So, maybe a broader range of 4250-4450 till budget....

62% of the entire fall - around 4780 - remains the Laxman Rekha.
Let's see Straddles cost as week progresses...
As of now, cost of 4400 straddle (mid pt of 4700 & 4100) is around Rs 400/- :-(
(ie 4800 & 4000 as breakeven levels)

 

[Sunil]

Not sure, if this is correct approach, but on checking the prices of
Call 4800 @ 60/-
&
Put 4000 @ 72/-
(the two equidistant strikes),

it gives a mild signal of 4000 more likely....

Never observed this before - let' see same time, next week


BTW, it's also the cheapest strangle



PS: Arnav - please pitch in your views

 

[taqtrader]

This is the last trading week (3 more days) before the Budget Day on 6-July. Ideally, it should not be a big ranging week, and hence expecting range contraction in daily & weekly chart.
2 day swing is up, with SL at 4250
So, maybe a broader range of 4250-4450 till budget....

62% of the entire fall - around 4780 - remains the Laxman Rekha.
Let's see Straddles cost as week progresses...
As of now, cost of 4400 straddle (mid pt of 4700 & 4100) is around Rs 400/- :-(
(ie 4800 & 4000 as breakeven levels)

that is why I like your posts clear & precise with reasons no ifs buts or maybes

well I initiated some shorts yesterday @ 4432 & add some more today if not able to break & close below yesterday's low 4346 I will lighten my postions but probability is still favouring sub 4000?

let us see gow it unfolds.

Regards,
TAQ