Nifty Intraday Pivot Points

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Anil,

If It Closed @ 2.30 Then Why Do You Want To Pick It Up Below 2.50

Keep An Eye On It, Pick It Up Below 1.90, If You Don't Get An Opportunity At The Suggested Price....Leave It For Another Day....There Will Be Ample Opportunity Later.

On The Charts, BNF Only Trades That Is Suggested For You Is As Follows:

a) If Upper BB Is Pierced & Followed By A Red Bar, Then Sell 1 Lot Of BNF & Cover It At Either Lower BB Being Touched Or Pierced.

Happy & Safer Trading

SavantGarde

Savant Sir,

I will hold on to the BNF lots. The LTP of IFCI CA @55 is Rs 2.3. Can I pick it up below Rs. 2.5. Would that be an OK price.

Regards
Anil Bezawada

 

[anilbezawada]

Re: BankNifty Intraday Pivot Points

Sir,

I will do as stated for IFCI.

Regarding the BNF charts what should be the TF for this chart.

Thanks.
Anil

 

[penchant]

Re: BankNifty Intraday Pivot Points

Hi Guys,

Hmmmm.....Not A Good Day......For Those Already Long.

NF Has Already Closed Below 4181.00, If On Tuesday & Wednesday NF Stays Below 4181.00, Then NF Can Slide Down By 380-440 Points....Next Couple Of Session Is Important For Those Not Having Enough Margin Of Safety.

For Those Holding BNF, Stay Long & As Per Lancer's Calendar Spread If One Is Short In August, Then Advisable To Follow What Lancer Has Stated In His Post....

Lancer<<<<< Keep A Closer Eye On IFCI & CHAMBLFERT....

Anil<<<<< Tomorrow On Rise Exit One BNF, Not Advisable To Keep 2 Lots.

Happy & Safer Trading

SavantGarde

SIR;
If it s not too much trouble;can u give the downside for BNF ; if it doesn't hold today's low of 6805?
It would be helpfull in managing the MTM., if i know the further downside in store.
THANX & RGDS.

 

[lancer]

Re: BankNifty Intraday Pivot Points

Hi Anil,

If It Closed @ 2.30 Then Why Do You Want To Pick It Up Below 2.50

Keep An Eye On It, Pick It Up Below 1.90, If You Don't Get An Opportunity At The Suggested Price....Leave It For Another Day....There Will Be Ample Opportunity Later.

On The Charts, BNF Only Trades That Is Suggested For You Is As Follows:

a) If Upper BB Is Pierced & Followed By A Red Bar, Then Sell 1 Lot Of BNF & Cover It At Either Lower BB Being Touched Or Pierced.

Happy & Safer Trading

SavantGarde

Hi Savant,

If Upper BB Is Pierced & Followed By A Red Bar, Then Sell 1 Lot Of BNF & Cover It At Either Lower BB Being Touched Or Pierced.

What is the TF you reccommnd ? 5 mins or 15 min ? With a highly volatile stock like BNF, I think 5 mins is the one follow. Please correct me if wrong.

Thanks,

Lancer.

 

[penchant]

Re: BankNifty Intraday Pivot Points

Penchant,

Welcome.

But please do not get into the habit of holding two lots with calender spread. It is only meant for exigencies.


Inorder to manage this trick you need a lot juggling act or you may end up with the short end of the stick.

Lancer

Lancer;
Thanx for the advice. I will not make it a habit of holding calender spread.
Only tried it as an exigency. In fact i tried to short it at 7400+; but my system hung & i had to contact my broker - which took time & Aug. being not so liquid ; it kept going down & reached 7090 by the time my order could get traded.
Had i been able to short it at my first try ; i would have bkd. my short yesterday itself.
Will keep a real close eye on that & close it soon enough.
Rgds.

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

'JAI BABA'

Hi Lancer,

BB Trades Should Ideally Be On 5 Min Or Less, Considering Anil Is At Office During The Market Hours, Therefore, Suggested This One Trade Since He Is Already Holding 2 BNFs

Happy & Safer Trading

SavantGarde

Hi Savant,



What is the TF you reccommnd ? 5 mins or 15 min ? With a highly volatile stock like BNF, I think 5 mins is the one follow. Please correct me if wrong.

Thanks,

Lancer.

 

[anilbezawada]

Re: BankNifty Intraday Pivot Points

Savant Sir,

I will track the 5 Min chart.

One more small query. Should I be tracking INDEX chart or Index future chart. I am assuming that I should be tracking the Index future chart. But just trying to be sure on what I should be doing.

Regards
Anil Bezawada

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Anil,

INDEX Future Would Be Ideal, But As An Alternative You Could Always Track Index Chart...Whatever Is Convenient & Available.

Happy & Safer Trading

SavantGarde

Savant Sir,

I will track the 5 Min chart.

One more small query. Should I be tracking INDEX chart or Index future chart. I am assuming that I should be tracking the Index future chart. But just trying to be sure on what I should be doing.

Regards
Anil Bezawada

 

[lancer]

Re: BankNifty Intraday Pivot Points

'JAI BABA'

Hi Lancer,

BB Trades Should Ideally Be On 5 Min Or Less, Considering Anil Is At Office During The Market Hours, Therefore, Suggested This One Trade Since He Is Already Holding 2 BNFs

Happy & Safer Trading

SavantGarde

'JAI BABA'


Hi Savant,

Considering Anil Is At Office During The Market Hours,

So am I. Otherwise, I would not have been sitting on deep MTM losses.

Lancer.

 

[rithikesh]

Re: BankNifty Intraday Pivot Points

Savantji,

Entered IFCI CALL option Strike price 55 @ 1.90/-.
Any suggestion for at what price to exit.

-ritesh.