Long or Short Opinion

[simple_trader]

This may be the move for 5050 spot around. Confirmation after breaking last week's low 5245 NF. Better to be cautious in long side for time being.

if short cover does not cross 5398 NF, then it will confirm.

 

[scplindia]

Laga di Nazar....

Sorry...Kidding...dont take it seriously..:rofl:

You are right. But lossy by 50 P, hope tomorrow will be different. Do you suggest to come out now.

 

[rajputz]

This may be the move for 5050 spot around. Confirmation after breaking last week's low 5245 NF. Better to be cautious in long side for time being.

if short cover does not cross 5398 NF, then it will confirm.

Today fall can invite a gapdown tomorrow....so more chances of 5398 to be taken out...After hour orders will mess the opening time...

 

[scplindia]

NIFTY future support at 5320. RIL is the culprit RIL support at 1104 spot. all are intraday levels.

Thanks for input on RIL support, exited RIL short at 105

 

[rajputz]

You are right. But lossy by 50 P, hope tomorrow will be different. Do you suggest to come out now.

I am myself confused buddy...if a gapdown tomorrow then it can surge...i have call options of it which i cant understand at this moment what to do...

I dont want to get into a hope mode, but i am more benefitted by the range bound behaviour in coming days...if nifty fells then one side i am loosing and other side i am winning...thats creating the confusion....

My trades are like this...
bought cairn put strike 300 at 5...currently at 6 1lot
Bought Hindalco Put strike 170 at 2.30 currently at 3.3 3lot
Bought Suzlon Call strike 70 at 5.4 currently at 6 2 lot
Bought Suzlon Call strike 75 at 3.3 currently at 2.80 1 lot
Bought Suzlon Call strike 80 at 1.25 currently at 1.20 1 lot

So dont know how to do it now...

 

[simple_trader]

if a gapdown tomorrow then it can surge

It would be sensible intraday buy at least if there is a gap down.

 

[simple_trader]

Dear rajputz,

I am attaching the chart. Please check it why i feel it may get resisted here around 253-54 level. We have got the red candle in expected line.

Let's see what it does on next week.

SAIL crashed today!

happy trading.

 

[rajputz]

i was expecting the fall of hindalco, icici, reliance for long time, but was not getting the confirmed signal. Like i executed Cairn after it gave me confirmed signal for sell.

You are working on some other system i think. When ever you get some good pick then please post it with chart so that we can also check that information and its basis...it will help in accurate and counter check of the Long or Short views.

 

[AW10]

Nifty respected the views as said:beer:...Hats off AW sir...:clapping:

Thanks Rajputz. I was lucky today that I could read mkt correctly.
Happy trading.

 

[scplindia]

the chances of gap down is less likely, US market has already dipped based on the Greek default news. Dow fut is only down 0.3 percent now, chances are bright that US market will end flat today night. Which means we will open flat tomorrow and build on gains later.