NIFTY 50 future TRENDS

[4209211]

if we dont break our todays low and trade above 5005 on fut then buy today is a real choppy day guys ...............
so guys and gals be ready for some real swings
real trend only comes if we trade below 4988 for 15 min then dip upto 4967-70 in minutes and also a sharp reversal also from these lvls
so the best funda is sell on rise and buy on dipsss
only serious traders r welcome today kamjor dil walon aaj jaake soo jao

i closed all my shots @ 4994 and now looking for a sell around dayy high wont be writing much as i am little busy am out for bride hunting but will update all swings if possible

Now this is called some real choppy mkt sah bolo howmany of u r cursing ur fate please raise hands ..........:rofl: :rofl: :rofl:

 

[manoharpillai]

from 5000 spring board jump ....still 5038 a RES.

5038 next 5054 RIL made huge move from 714 low to 733 high

 

[anup0212]

from 5000 spring board jump ....still 5038 a RES.

very correct manohar ji....it was real swing .......anyways spot 4980 lvl to watch next week if intact we are in upmove, am i correct manohar ji ?

 

[anup0212]

Now this is called some real choppy mkt sah bolo howmany of u r cursing ur fate please raise hands ..........:rofl: :rofl: :rofl:

mine burnt with 10 points loss....

 

[manoharpillai]

5038 next 5054 RIL made huge move from 714 low to 733 high

5054 over next 5069

 

[Khaleelda1]

"Your average short of 5000CE at 44.39 shows that it was done when Nifty Futures(NF) was near 4800... so what was your stop-loss in mind for this position? Or when did you think of legging in, if required?"


All my indicators were showing a sell, with targets upto 4700-4500. Thats when i initiated the 5100ce short trade. The exit strategy that i always had (for almost a year now) is to go long on futures as soon as i see a trend reversal. All though till date i never got to use this exit strategy as all my short positions expired out of money, and hence i never realised that this is NOT the right way to go about it

The real problem started when, nifty started moving towards 5000, i interpreted it to be a corrective wave upto 4960, and then there would be a third wave down to 4700, so i went short on 5000ce.

Then there was a clear fractal signal on 4th june, when nifty spot broke below 4790, that when i added another 10 lots to my short 5000ce.

But, since then its been a chaos.

The way i trade is, i go short on options atleast 200-300 OTM on the otherside of the signal that i get, keep the positions open for a week or two, i dont get to sit in front of the screen whole day, so this type of trading suits me. The counter rally happened too fast and too much and dint get time to react..

Going forward, what u said is what i will be doing, with every dip will be closing out my july 5000ce long position, dont know if i can hold upto maturity, but if the markets turn downwards, will be keeping my 5100cejune shorts and ce5200july short to minimise my losses...

The KEY to my safegaurd would be to identify the larger trend in nifty ASAP.

lets see how it plays out.

Sincere thanks for your support!

 

[trdstudent]

5054 over next 5069

Thnx Mano ji but why this jump ? Is there any logic apart from RIL ?


BTWN sqroff my4800PEs at 50 and no position right now

 

[manoharpillai]

Intra day spot nifty levels

5,090.33-5,080.00-5,069.67
5,054.00
pivot-5,038.33
5,017
5,002.00-4,986.33-4,960.33

Today's level given before opening
i dont know how many of made use of this.''' only over shoot at S1 5002 to made low at 4995
above Pivot 5038 shooting like a rocket

 

[del_66]

5080 spot 50% retracement of the rise from 4531 to 5629
5096 spot 38% retracement of the fall from 5629 to recent low of 4770.

 

[manoharpillai]

Many time i wrote about FIBO retracement levels and 200 dma 5075
To me 5075 is very important Level.
Either we are topping out today or we are breaking out on the up side Monday will get the answer. Over all market is on stronger side.