Nifty Futures Trading

[Sunil]

There was freak open trade in RIL at 1335 v/s yesterday's close of 1136 (SPOT)
due to which nifty spot's HOD is 2766 today.
This is higher than even yesterday's high & will show up in EOD charts...

I will keep an eye on 2766 instead of 2775 as of now as Laxman Rekha

 

[Sunil]

hi,
do we get inverse H&S If we take past 3 days lows,If we move above 690 levels,
Thanks,
Raju.

doesn't look classical to me - especially right shoulder

 

[Sunil]

observing 5/15min charts since yesterday, we have these lower highs with fixed support/base - FUT 2665-60 / SPOT 2685-800
(Bearish Descending triangle)

Negation = break of prev LH FUT 2692 / SPOT 2711

If neck breaks well, then as per texbook, it's worth 50 points - ie spot 2630-35 / fut 2615-10
keep trailing

 

[arnav_rulz]

Another Very nice Strategy that can be used near expiry.(obv risk will be very less here, and maybe the reward therefore may be a bit less..)

Say currently you are bearish on the market especially with the break of all recent supports..

Right Now current month 2600 put is trading @ 33 and Next month 2600 Put is trading @ 133.

Now what you do is ..

Sell 100 2600 Current Month Put @ 33
Buy 100 2600 Next month Put @ 133



Rationale --> Nifty closes @ 2600. You gain 30 Points(from 2600 put sold) + Premium from the fall in the next months Put that you brought.
Nifty closes @ 2570 ---> You gain premium from fall of next month's Put. You are break Even in the Current months Put

Below 2570 -- You start loosing one one point in from the current 2600 Put sold but u are simuntaniously earning a bit from the next Month's Put.

If the Market Moves up, Keep a stop of 100 on the next month's Put and you can get out Break-even Cause with so lil time left in expiry, the 2600 Put Of current Month Will expire @ 0 bucks.. (most prolly!!)

 

[learn2trade08]

ah man reminds me of good old 10% moves on nifty days...

observing 5/15min charts since yesterday, we have these lower highs with fixed support/base - FUT 2665-60 / SPOT 2685-800
(Bearish Descending triangle)

Negation = break of prev LH FUT 2692 / SPOT 2711

If neck breaks well, then as per texbook, it's worth 50 points - ie spot 2630-35 / fut 2615-10
keep trailing

 

[MurAtt]

RIL stuck at 1140-45 right from the start.
What gives?

 

[nagendra_gb]

i think after this break down and if nifty closes below 2680 i think we can see 2500 on charts guys wht say

 

[Sunil]

often when we loose all hope & think this is the end...

GOD smiles from above & says," Relax Dear, its just a bend .. not the end.!!

best wishes

SPot 2666 to 2650 is pain as per historical charts...
As Satyajit Da would say - breakfast zone....

All's well that ends well....

Thanks a lot vineet....
... and from Sahil too....

Hope you too have a great extended weekend with Shivansh.

(logging out)

JAI HIND

 

[rishig38]

Sunil, carry over our shorts into next week? Btw, Monday is a holiday..so suggest accordingly

 

[nagendra_gb]

rishig am holding to my shorts but hedged for sure..