My Nifty/Mini-Nifty Positional trade logs

[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...

It does break yesterday's low and the Nifty Future premium is < 10 points on close... good for shorts!

 

[summasumma]

Parents and child came down.
2111/811 came down and both are in OS zone now(our positions fav zone).

For more downside, Next short-term level to break are 5970 and 5950...

Open Position:
--------------
Holding Short @ 6040
cmp: 5996

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

 

[summasumma]

Again Parents and child came down with child entering the OS zone(our positions fav zone).
2111/811 settled inside the OS zone.

As mentioned, for more downside 5950 need to be broken as you can see in the picture that the nifty hovering around the support line now....

Open Position:
--------------
Holding Short @ 6040
cmp: 5974

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

 

[summasumma]

Again, nifty premium is reduced and within 10 points level now.
Looking at the pattern of stochastics and long term flat range trading in nifty+reduce in premium, nifty should tank another 80-100 points easily....
Hope it happens...

 

[summasumma]

Parents and child went down again with child moving further down in OS zone. Sometimes too much low value in OS zone will result in small corrections.

2111/811 went down and still inside the OS zone.

Today i have entered another lot of Nifty as ADD to existing position. This is something i never used to do and mostly handle 1 lot. Just trying out this time as i feel more confident on down move. You can see in the above picture that how nicely nifty trying to take support in that support line.... So just expecting this support line to be broken...
conversely if market moves up, will tackle a way out @ cost....but lets see...

Open Position:
--------------
Holding Short @ 6040
ADD short @ 5970
So holding 2 lots short @ 6005 avg.price
cmp: 5973

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

 

[summasumma]

Parents came down further...
Child and 2111/811 came up but they are well within the OS zone...so still favors bear...

Today Nifty tried to come down but couldn't make a close below 5950...so i would say still the support contain.. Lets see if it can successfully close below 5950 tomorrow...
Last 3 days NF high was 5993...Strong resistance it seems...

Open Position:
--------------
Holding Short @ 6040
ADD short @ 5970
So holding 2 lots short @ 6005 avg.price
cmp: 5961

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

 

[summasumma]

Parents came down further...
Child and 2111/811 came up but they are well within the OS zone...so still favors bear...

And the support line broken finally and i have watched that 50 point fall happily ...
Infact NF bounced from the 2nd support line around 5900(check image) @ the last few minutes trading.

Parents came down further and child went up marginally(still within OS comfort zone).
2111/811 went down and still in OS zone.
Should have exited 1 lot @ 5900(2nd support line) to see if small relief bounce happens next week or not, but didn't do that.
Hope monday move don't spoil the profits in the positions so far... lets see.
Next target 5855...

Open Position:
--------------
Holding Short @ 6040
ADD short @ 5970
So holding 2 lots short @ 6005 avg.price
cmp: 5921

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

 

[summasumma]

Parents came down further and child went up marginally(still within OS comfort zone).
2111/811 went down and still in OS zone.

Nifty trying to take support @ 5900 support-line(red line in the above pic).
Good thing to do is exit 1 lot around 5910 and hold other lot to see if this support line breaks.
But not doing that based on stochastics positions and still feel that this support line will also get broken and nifty might go till next below support line 5855.

Views will change based on everyday nifty bar. So lets see if nifty close below 5920 tomorrow to favor our position as first step.


Open Position:
--------------
Holding Short @ 6040
ADD short @ 5970
So holding 2 lots short @ 6005 avg.price
cmp: 5921

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

 

[summasumma]

what we wanted was a close below 5920 but it didn't happen. Again nifty took support in the red trend line in the picture.
Child went up due to this UP move and also the 2111 line is out of OS zone.
Parents making consistent down move again trying to reach OS zone.

strictly going by the rules, im have not exited the current position as child is not out of OS zone + 2111/811 both are not out of OS zone.

Tomorrow should be action day mostly. Either Nifty goes up like rocket making 2111/811 both coming out or should come down by 1% to pull them back to OS zone... Let see...

Open Position:
--------------
Holding Short @ 6040
ADD short @ 5970
So holding 2 lots short @ 6005 avg.price
cmp: 5941

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

 

[summasumma]

Market went up in the morning with gap up. During that time my emotions came into act and exited 1 lot of NF @ 5970 cost and holding the other lot.

Parents making consistent down move again trying to reach OS zone.
Again, child is not out of OS zone + 2111/811 both are not out of OS zone.
Will add 2nd lot of short if market break the red support line(5910 approx)...
On the upside 6000 could be TSL point of exit locking 40 points profit. Lets see...


Open Position:
--------------
Entered Short @ 6040
ADD short @ 5970
Exited 1 lot @ 5970.
So holding 1 lot short @ 6040
cmp: 5936

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