Incisive Nifty Trend Analysis

[naveen_t_s]

I got 5300 ce at 53. Should i sell it today or hold till tomorrow. If it is today, what should be the target price.

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[mkbsiva]

I got 5300 ce at 53. Should i sell it today or hold till tomorrow. If it is today, what should be the target price.

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U can book 50% now and move your SL of the rest 50% to your BP.:thumb:

 

[SEVEN STAR]

Spot nifty low at 5216 according to me the down move from 5450 may come to an end around this level and expecting a bounce back to 5310... made long entry today will keep sl at 5180 spot closing.
(again the climb up too will be very sluggish)

Bottom formation at 5217.. Res.. 5272.. 5306 spot
holding my long positions expecting big move on Monday..
Tomorrow weekly close above 5270 positive.

 

[prada]

Shorts should have been covered since nifty took out 5255, if not, hedging will take care of it. Nifty should retrace back to test 5350-5360 levels in the days ahead before it resumes its next leg of the fall.

 

[prada]

Good job in picking out the bottom. Retracement will be sharp though.

Bottom formation at 5217.. Res.. 5272.. 5306 spot
holding my long positions expecting big move on Monday..
Tomorrow weekly close above 5270 positive.

 

[SEVEN STAR]

fibo retracement levels as per the chart

 

[angrish99]

Gone with the wind did not covered shorts.

 

[prada]

Basics of trading, before any major event such as the one today, you need to either square off your positions or have a suitable hedging strategy in place such as call/put options. This is precisely what FIIs do. FIIs today had shorted nifty futures but had accumulated/written options as protection.

Gone with the wind did not covered shorts.

 

[SEVEN STAR]

Higher tops Higher bottom 4770..5350..
5050..5450...
5220 bottom if it take out 5450 next expected high can be 5720
it's too early to predict..it is just if's and but's

 

[prada]

Started opening up tentative shorts in Bank nifty(spot) above 10100 level. Will keeping adding on rally from that level. Stoploss( spot )- 10272