General Trading Chat

manojborle

Well-Known Member
Yes , Weekly trendlines still sloping down , so i am bearish.Short on rally.

Weekly Chart of Spot Nifty
The aqua color boxes has been penetrated so many times and still they find place on your chart.
I really wonder how it can be used, Can you please explain ?
Another question can you please explain when will that box lose significance, what is the criterion for that ?

Note: If they were drawn from right side of chart I can accept them as they will be still be fresh bu they are drawn from left side and still there.
 
Interesting observation : 8200 Put and 7500 call both combined giving a premium of 744-745 points. If one sells both and Nifty remains in 7500-8200 range, then one can pocket 44-45 points at the expiry.

The above still is not risk free...so dont do this trade without understanding the risk and having a plan for contingencies.

Smart_trade
 

amitrandive

Well-Known Member
The aqua color boxes has been penetrated so many times and still they find place on your chart.
I really wonder how it can be used, Can you please explain ?
Another question can you please explain when will that box lose significance, what is the criterion for that ?

Note: If they were drawn from right side of chart I can accept them as they will be still be fresh bu they are drawn from left side and still there.
Draw new boxes everytime from left to right.:D
keep the aqua boxes in place
 

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