Nifty Futures Trading

[columbus]

 

[krushi123]

Case 2 triggered today; ie the neck of the Inv H&S broke, but the breakout is apparently a failure.
Sticking my neck out in front of bulls & stating that this means a target of 4585-160/180pts = around 4425/4405

I have taken suitable bearish position using options...

(personal view, which may be proved wrong by market)

Thanks Sunil. I followed you.

 

[linkon7]

Most heavyweight in nifty, except cipla, Nationalum & rpower, are all having heavy resistance overhead. I think reliance broke nifty's back and provided the trigger everyone needed.

Expecting a minus 100 points day tomorrow as well. So buying Puts in the morning....

 

[arnav_rulz]

16 June - mark this out as another "giraffe day"...

I dont know what will happen today.. But 15th (just one day before the 'predicted' 16th) was surely a giraffe day !!

Also another Perfect intraday-gap filling day by nifty.. Sadly wasn't there to reap the full benefit.. Had to leave for some important work.. thus had to cover my shorts at 4560..

Nifty has to reach 4471 spot (if there is a gap down to fill the gap..) although i get a feeling it may not be able to fill it tomorrow in case of a gap down..

If it does.. Stops for shorts can be placed at Spot prices of 4512 or 4535(to be on the safer side..)

I would depending on the trend.. would take my shorts near 4490 with 4421 as stop or short at 4500 with 4535 as stop..

I usually Dont take risk of more than 35 points..

cheers

 

[linkon7]

CUES-

--Nifty June future premium increased to 16 points so cost of carry increased.
--Nifty open interest decreased by 2 lacs suggests short covering. (Total OI now at 3.12cr)
--Nifty calls added 2.3 lacs and puts shed 6 lacs in open interest.
--4200 puts had open interest of 30 lacs and 4600 calls had open interest of 31 lacs, so 4200 and 4600 will be important levels to watch for.
--India VIX closed at 52.71, increased by 29% suggests instability and uncertainity.
--US markets closed in red.
--Asian markets trading mixed.
--Sgx nifty trading at 4440. (Down 80)

 

[Sunil]

Case 2 triggered today; ie the neck of the Inv H&S broke, but the breakout is apparently a failure.
Sticking my neck out in front of bulls & stating that this means a target of 4585-160/180pts = around 4425/4405

I have taken suitable bearish position using options...

(personal view, which may be proved wrong by market)

Part 1 done...

bringing 20DMA into pic after a long time - coincides with the target of 4425
http://www.traderji.com/futures/255...oupled-2-3-day-swing-calls-16.html#post322052

 

[Sunil]

Part 1 done...

bringing 20DMA into pic after a long time - coincides with the target of 4425
http://www.traderji.com/futures/255...oupled-2-3-day-swing-calls-16.html#post322052

20DMA does it - :thumb: :clap:
arnav, i have covered the gap for you...

 

[Sunil]

a new high above 4470 NF confirms HH HL in 1min
more TBQs are supporting 20DMA since open.

 

[arnav_rulz]

20DMA does it - :thumb: :clap:
arnav, i have covered the gap for you...

Nope, Gap not fully covered yet ? 4471 Spot is where the gap is filled both as per EOD gap filling n my intraday gap filling rule.. right ?

 

[arnav_rulz]

Trailing longs with flexible 4447 Spot stop.. Targeting 4471 spot..

Now 4455 Spot Trailing..