My Nifty/Mini-Nifty Positional trade logs

[summasumma]

Child entered into OB zone again... and parents are already there in OB zone...

Also 2111/811 back to OB zone. So exited the short position today.

Open Position:
--------------
Exited Short @ [email protected]: 90

No open position.

P/L status:
-----------
-20+80+142-8-90 = +104

 

[summasumma]

Negative divergence in Stochastics/MACD...

 

[moody_man]

Thanks. So what does it imply?

Negative divergence in Stochastics/MACD...

 

[summasumma]

Thanks. So what does it imply?

Well, it actually implies that Nifty should start a good down move from now on.

But you never know. Sometimes macd forms a negative divergence and the follow-up move by Nifty in +ve direction will pull the macd also UP to nullify the divergence effect.

Let see..

 

[summasumma]

Child out of OB zone again and parents are moving down trying to come out of OB zone.

2111/811 don't have definite direction and moving up and down. But if they both can manage to move down tomorrow without creating big gap, we can see little continuous down moves.

 

[summasumma]

Negative divergence is still building-up in MACD clearly...
Close below 6020 should definitely pull Nifty down as well as all stochs out of OB zone.... Also a close above 6110 should take nifty to new highs...

Currently stochs playing zig-zag game... lets wait and see...

 

[summasumma]

After a long wait, the parents does come out of OB zone and child is already getting dragged down.

2111/811 making 2 continuous down for the first time since dec 2012.
I believe this down move is not going to last long and there is a turn towards UP trend around the corner. Lets see...

but based on the current trend, Entered short @ 6040

Open Position:
--------------
Short @ 6040
cmp: 6036

P/L status:
-----------
-20+80+142-8-90 = +104

 

[prabhsingh]

SummaSumma,

How did you decided the levels to enter at 6040.

 

[summasumma]

SummaSumma,

How did you decided the levels to enter at 6040.

Prabhsingh,
The entry in the method being discussed in this thread is always done in the last 5-10 mins of the trade.
So this price 6040 is what i have entered yesterday between 3.20 to 3.30...

 

[summasumma]

Drop in Nifty Future premium from 36+ points to 15 points.
Indication of negativity and looks like idea is to break the yesterday's low i think. Let see if it happens...