Nifty Futures Positional Trading

[jamit_05]

short level 5986.85

SL 25 pts

Filled... am expecting some whipsaws due to expiry tomorrow.

 

[jamit_05]

In Favor of Bears.

Currently, the stocks of performing sectors are fairly overbought. So what are we left with:

1. RBI slamming the banks... so banks are killing Nifty.
2. Performers are reverting to the mean... so FMCG and Pharma are correcting
3. Energy sector is reversing, since RIL has met resistance at Rs.950

All in all, Nifty has less room on the upside and more on the downside. Then Sub 5900 levels on the cards?

 

[jamit_05]

Index is tripping but Futures are ramping up the Premiums in August. Does this mean a sharp upmove is likely on Friday Opening?

 

[jamit_05]

short level 5986.85

SL 25 pts

50 points in favour... but still not out of danger of whipsaws.

 

[jamit_05]

Re: In Favor of Bears.

Currently, the stocks of performing sectors are fairly overbought. So what are we left with:

1. RBI slamming the banks... so banks are killing Nifty.
2. Performers are reverting to the mean... so FMCG and Pharma are correcting
3. Energy sector is reversing, since RIL has met resistance at Rs.950

All in all, Nifty has less room on the upside and more on the downside. Then Sub 5900 levels on the cards?

FMCG is seeking ema support, do not short.

 

[jamit_05]

short level 5986.85

SL 25 pts

century.... 100 points in favour... but still not assured... and won't be till the Big gap is filled.

 

[jamit_05]

Profit Booking Strategy.

Will sell ATM 5800 PEs to collect 80 points, only if I get an appropriate place to put TSL. Else, I will wait and watch.

 

[jamit_05]

Whatever the policy, the NF premium will drop by atleast 20 points today.

 

[jamit_05]

Profit Booking Strategy.

Will sell ATM 5800 PEs to collect 80 points, only if I get an appropriate place to put TSL. Else, I will wait and watch.

The fall was vertical, therefore the TSL is unclear. I hence chose to exit 40% position at 190 points profit.

I am expecting a daily pivot low formation in the next week. This will give more clarity in booking profit. 60% position is awaiting consequences.

I tend to be content after 10 times return on a trade like this one... but I see this as a weakness.

 

[jamit_05]

If price manages to touch 5900, it will be a very good time to buy Puts.