Nifty Futures Trading

[arnav_rulz]

Hey...Sunil n every1 else wanted to ask you for a Normal opinion from you... fro ur experience maybe..

What to you think about nifty ? Do u think is it gona break away or break down sharply this month ... ? As in do you foresee any sharp movements in any direction right now ..

Cause its like i have sold 2600 put and 2900 call for a combined premium of 100 and i am really confused now as to what shall i do right now..

Just your views with any reason if any in particular... will be very helpful.

 

[Sunil]

hope IB in 60 provided some directional breakout

 

[Sunil]

Hey...Sunil n every1 else wanted to ask you for a Normal opinion from you... fro ur experience maybe..

What to you think about nifty ? Do u think is it gona break away or break down sharply this month ... ? As in do you foresee any sharp movements in any direction right now ..

Cause its like i have sold 2600 put and 2900 call for a combined premium of 100 and i am really confused now as to what shall i do right now..

Just your views with any reason if any in particular... will be very helpful.

ping pong between spot 2700 & 2850 so many times...
reaction after today's fall is crucial

if we take it as a rectangular band, then any side's break = 150 points
2850+150 = 3000
2700-150 = 2550

break below 2700 MAY also mean bearish crossover of 20& 50 DSMA
refer my mechanical thread for more indepth

 

[Sunil]

today that red+green failed

 

[Sunil]

H&S attempt in 1min

 

[new2sm]

inv. h&s in 3 min neckline 2758

Edit: Sorry neckline should be 2763

 

[jstraju]

Sunil,
views on the box,
Thanks,
Raju.

 

[MINITRADER99]

today that red+green failed

Sunil Bhai. I was following it today. Even after red+green did not succeed I followed it and the moment it touched black prices starting falling & it gave more than 15 points. Any new theory?

 

[Sunil]

Sunil,
views on the box,
Thanks,
Raju.

that H&S attempt did not break neck...

observing action from start, we have a low, then higher low, then dbl bottom... all meeting at fixed resistance (SPOT CHART)
2765-2785

outfoxed today

 

[Sunil]

Sunil Bhai. I was following it today. Even after red+green did not succeed I followed it and the moment it touched black prices starting falling & it gave more than 15 points. Any new theory?

we don't change theory like that every day...

i should have been patient...
ideal stop is break of BLACK line... (which happened later, but at a lower level)