Nifty Futures Trading Part 2 (Positional)

[orderflow13]

write 4100cl 84.90 ...

 

[orderflow13]

Arre Alex bhaiyaa, your kangaroos are dead or alive ?

my kangaroos now tired ,resting their tails...poor guys jumped 3 days 200 points

 

[Czar]

seriously ? is'nt this the kangaroos you were showing last week....

 

[orderflow13]

seriously ? is'nt this the kangaroos you were showing last week....

seems u tk diff way, i mean there were two kangaroo tails( cuz of pullbacks) now today added another k.tail, so after such a volatility( cuz of massing pullbacks,) there tend to be bulls an bears rest together n breath the air n market gets neutral.. so no new k.tails

 

[Sunil]

Sunil,,

Now BULLS have become BEars!!! Now the next question is whether BEARS will Become BULLS for ST..if Yes then an upside else GOD Save up to 3500

it's the particular SPOT level, my friend, where u should become bullish or bearish... external reasons like global & local conditions should be used only for supporting roles...
one has to respect each level as it comes...
today 3800 was respected, tomorrow 4200 may also demand some respect

 

[Sunil]

4000 put wrote, reason vix picked today,that means higher premium, also by the way market pull back, now there are three k.tails on eod chart, market made a range with short term neutral long term bearish outlook.
waiting for level to write call probably 4100

take care with call writing, alex...
expiry next week...
choose some reasonable OTM calls to write, if u want ie 4300+

 

[uasish]

seems u tk diff way, i mean there were two kangaroo tails( cuz of pullbacks) now today added another k.tail, so after such a volatility( cuz of massing pullbacks,) there tend to be bulls an bears rest together n breath the air n market gets neutral.. so no new k.tails

Alex,

As to-day's open = 3835.55 in Nifty Fut & Low being 3812.00 no tail,a BIG white candel.

Asish

 

[Sunil]

Logically If you see all world market have broken thru, maybe a miracle here, but Its against the odds, It may hold for a few hours / days to create an illusion...

czar, counting on for few days...
atleast should go & cover all gaps (gap downs)

Sorry Sunil dint understand what you saying ?

i meant, that if 3800 holds out well, then there are lots of gap filling exercise still left by nifty...
though not necessary in next week itself...

if 3800 SPOT can hold out (like today) till friday, then a good case of double bottom on EOD / weekly and hopefully monthly charts at 3800 (July + sept)

 

[mitasatyajit]

Any V-shaped recovery is not parmanent.

 

[orderflow13]

Alex,

As to-day's open = 3835.55 in Nifty Fut & Low being 3812.00 no tail,a BIG white candel.

Asish

Thanks Asish da for clearifying,
so WBC usually is a bullish candle,providing is top holding,did i make a judgmental error by writing calls and puts Asish da?whats your experience says after such high series of pullbacks? counting on ur advice as always.