Nifty Futures Positional Trading

[rkkarnani]

I, bearishbull, certify that this post was written by this person in tunn condition.

In India it seems one needs to be 'tunn' to speak the truth !

 

[jamit_05]

Amit,

Are you long or Short. I Bought some Put options at 6100 with the MAX OI at 6100 for Target of 5900. Being a positional Trader for a long time now, what is your view on NIFTY.

Trend is still UP... but running on the extreme side of EMA15. Hence some cooling down is expected. The price is highly likely to come back to 6000, which is the daily EMA15. This is the time where you should book all profit on your PUrchased 6100 PE....

I do not have any short positional lots as the Daily Trend is still up.

 

[jamit_05]

By teh way, god is sitting abroad with his short positions safely intact. I pity god! His GF is roaring for a BF here.

PS: I've hd a peg xtra. When god can gt drunk, I hv teh liberty to drink a peg extra. Surely, I'll get 2 god , wen he calls me. But , i wll not proclaim my calls openly 2 B God's calls. Some1 seems 2 hv left teh cuntry as soon as hs so called trde wnt wrng( hpe he tuk teh damn trde in the 1st plce). Aftr all teh blind follow teh blind. All teh vry best blind ppl. Amit, srry 2 hv disturbed ur thrd. I seriously need 2 see if there is 1 proper man in TJ 2 thank tis post. I doubt! Guys, al teh very bst in losing ur hrd earned mney in follwing more blind people. TJ cn ban me now fr uttering teh truth.

Everybody is Blind when it comes to the market. Following anybody is the first Sin, from which all the other wrong doings will arise.

Don't Follow anybody. If you think he has potential, his trades are good... then discuss. Make it a solid learning for everybody!

Cheers my friend. I liked your posts in TRs thread. I think you should post more, tunn or not.

 

[jamit_05]

Yes! God did take a 'slight puff' and breached the previous HOD after your plea !

Share the secret to get things done by HIM !

It was just some harmless fun yaar...

I knew that the 30 min and 60 min trend is strongly up... and price was even respecting the 15 min EMA 15... so I concocted this whole prayer thing to have some fun...

 

[jamit_05]

Selling one more lot of CE options against NF positions.

SOLD 6100 CE @ 133;

Spot is touching the tails of the last Daily Pivot High... The price movement has become sluggish.

Average of 260 Points of Profit Per Lot... and one lot still open.

Had purchased NFs at 5945.
Sold 6000 CE @ 165
Sold 6100 CE @ 135

So, if OCT closes over 6100, I will definitely get
(55+165 = 220) AND
(155+135 = 290)

But, if trend reverses, then I plan keep the sold CEs as is. And SAR my NF positions as per the position view.

 

[jamit_05]

At 11:23 you write you have a Short Signal that you will not take ! Would you care to elaborate the Candle on which you 'see' a Sell , the level etc.
Frankly I couldnt see it in a 15 minute NF chart. I wasnt online during mkt hours, just saw chart now. Should have been a Profitable day in NF I presume!

Sure.

The Red Line is the trade I was sure I should not take even if it happened. But, if didn't happen in the first place...

 

[rkkarnani]

It was just some harmless fun yaar...

I knew that the 30 min and 60 min trend is strongly up... and price was even respecting the 15 min EMA 15... so I concocted this whole prayer thing to have some fun...

I wasnt serious either !!!

 

[rkkarnani]

Sure.

The Red Line is the trade I was sure I should not take even if it happened. But, if didn't happen in the first place...

Okay ! Thanks. The low of the candle marked by Red line was breached, so the Short did happen! Do you consider the Sell void at some stage? When?
Is it when another higher Pivot is formed before this one was breached! But that was formed at 12:15, why did you consider this Short for NOT trading?
Thanks for taking time to reply.

 

[jamit_05]

Yesterday's bar is more serious than I thought. The CNX 500 charts paints a grimmer picture. Since, it tracks a larger number of stocks it is expected to be heavier and truer.

It shows that Friday's daily bar made a very weak breach of the Sept Daily Pivot. And if price action is weak near a strong resistance, then the chances of a Pullback (I am not saying a trend reversal) increase.

This weakness will be highlighted if Friday's LOD is decisively broken. Then CNX 500 would slip to 4500 somewhat effortlessly.

 

[jamit_05]

Okay ! Thanks. The low of the candle marked by Red line was breached, so the Short did happen! Do you consider the Sell void at some stage? When?
Is it when another higher Pivot is formed before this one was breached! But that was formed at 12:15, why did you consider this Short for NOT trading?
Thanks for taking time to reply.

After a higher pivot is formed, surely the older one is out of focus.

12.15 was a very valid short point, esp after the dullness/tailyness of the 12.30 bar. I regret, from the perspective of a disciplined trader, not taking it. I should've atleast used that 12.15 pivot to exit longs!

If the day is trendy indeed then it will carry your positions, it won't whipsaw you. And if it does whipsaw your entire position+add and I still expect a trendy day then quite clearly I am blinded and that is NOT good for business!

The Blue lines show the ideal trades. However, I did not take the last blue line.... instead I used the move to take profit on the positional lots as i was expecting more dullness.