Nifty Futures Positional Trading

jamit_05

jamit_05

Well-Known Member
#651
#651
Its Results-season starting Friday. I do not think there is any company or sector that can spring a positive surprise. So the upside is limited and factored in. Instead, there may be some very unpleasant down-side surprises from Power, banking and Metal sectors... So if you see a bearish formation then believe it!
 
jamit_05

jamit_05

Well-Known Member
#652
#652
jamit_05 said:
US is still Shut, this was the trigger which changed the Daily trend back to up. Hence, I could venture by saying that today's Bears are in for a squeeze. If even a minor positive trigger happens, they will be quickly be down-under by 100 odd points. Market is set to go up, but is being harangued by news. :)

I do not wish to positionally short till some things clear up.
Click to expand...
I think we have our trigger...

Some news regarding RBI cutting leeway for Banks. This will fire up Nifty enough to take SPOT all the way to the next important resistance of 6150 (NF 6200).

This move should be quick and unrelenting due to two reasons.

1) There are fresh, eager bulls waiting to enter above the resistance of 5950
2) The shorters, bears, will run for cover.

If you are short in any form, be sure you know what you are doing. If I were you I'd start working on my back-up plan.
 
jamit_05

jamit_05

Well-Known Member
#653
#653
Good Morning Nifty... :)

SGX gapped up. This makes NF touching 6000 highly probable... but you never know. Sometimes the big pockets that are stuck for long, tend to dump large quantities just to get out and free capital. Will watch out for any bearish tendencies.

If the day closes above 5960 Spot, then this upleg will most likely extend further to 6150 Spot. After which I won't be much interested in longs unless the momentum is clear and crazy.
 
jamit_05

jamit_05

Well-Known Member
#656
#656
If EOD SPOT fails to close above 5950, then I would be very concerned about my Long Positions. Hence, I would definitely get out of all adds and hold the rest with stricter TSL AND be interested in shorting even before 5700 SPOT is met.

Reason is... the Daily trend changed to UP in a dramatic way. The US shut down and Daily chart showed a breakdown failure, which often causes prices to rally strongly, but that has still NOT happened even after 3 days.

On top of that RBI also chipped in today. After two bullish news if Nifty refuses to break the first resistance then what am I to think of this uptrend?

And what if a negative news comes in... like the shut-down is terminated...... or something more likely to happen... like bad results of Infy or another stalwart... this will bring Nifty crashing down...

As of now, the trend is not strong despite two strong bullish news makes me worry! If you are long too, then keep your eyes peeled.
 
T

trader15

Well-Known Member
#659
#659
jamit_05 said:
No one does... we just have to follow what the chart is showing... and currently it is throwing the bulls away.

LOD break will have a deeper meaning! Would mean all along the Bulls had been running towards a cliff !
Click to expand...
Pe holding up values even with 10 pt moves. Tricky and trapping market currently

I agree in favor of bears look at 5700 5800 per oi buildup
 
jamit_05

jamit_05

Well-Known Member
#660
#660
Got out of the Adds at minor profit... Holding original Positional Longs since 5910. Will seek adds only if NF crosses 6021... but not today as the market has moved plenty already.
 
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