Nifty option trading

[Stock trendy]

Thanks Buddy, I read all of your posts and about your method also. Just wanted to check if you use EoD data or 5min data for calculating these averages. Do you use any tools (Read Amibroker ) or simple mathematical calculations for arriving at these figures.

ONLY PRICE VALUE OPEN HIGH LOW AVG..TRADE PRICE
MANUAL PRICE CALCULATION.

FOR EXAMPLE 3 DAYS LOW PRICE AT 5648..TODAY'S HIGH AT 5724
DIFFERENCE IS 78..50% OF IT IS 38..FOR TOMORROW 5610 TO SUPPORT
AND 5762 TO BE RES...
DAY CLOSED AT..5685..IF ADD 78 TO CLOSING PRICE YOU GET..5763
AND REDUCE FROM 5685 YOU GET 5607..
FOR TOMORROW 5610 AND 5762 ARE THE LEVELS.
HOW YOU TRADE..PRICE OPENS HIGHER THAN DAY'S CLOSE
PREVIOUS DAYS LOW ie..5661 TO BE SL..FOR LONG EXPECT PRICE TO MOVE ABOVE PREVIOUS DAYS HIGH WHICH WAS AT 5724.
IF OPENS DOWN AND TRADES BELOW 5661 SL 5724 EXPECT PRICE TO BREAK 5648..TARGET 5610. FIBO..CALCULATION TOO GIVES ME NEARLY SAME KIND OF AVG. PRICE. AS RES..AND SUPPORT.
SAME KIND OF CALCULATION GOES IN TO WHEN I TAKE UP MY TRADE
PRICE CALCULATION 3..5..10 AT TIMES EVEN 20 AND 30 DAYS.

 

[anup0212]

Dear ST, we are again trapped in sideways and it seems we are going to break 5650 level soon and if that happens downward slide to 5580...will be opened , I am wating for today's NF close below 5680....and short will be in place...tc and happy trading for today....

ST, spot 5680 came in and now another 30 points slide anytime ...5650...hope u shorted at 5700 lvl ...i took as per that lvl....

 

[Stock trendy]

Total collapse it is not the time to be smart going long / smarter thing is if any one holding short trade take full profit

 

[anup0212]

ST, spot 5680 came in and now another 30 points slide anytime ...5650...hope u shorted at 5700 lvl ...i took as per that lvl....

ST Bro as expected closed trade at 5540 now it is risky to short so better wait for some bounce back and that might be sharp till 5680..to 5700..

 

[Stock trendy]

never ever try to assume the bottom or top.....only possibility is what risk we are taking on our capital..that is it.
All TA that includes my way of analyses..all have flaws.
Let the storm settle down we will think of entry till
that just watch...

 

[Stock trendy]

Yesterday's high 5721....today's low 5522..200 points 50% 100 points
close at..5542..levels for tomorrow 5622 and 5422
As per High 6094 and Low 5522 Fibo..Res..at..5553...5573...5605 and 23.60% at..5656
sup extension..Below..5522..5490...5438..and 127.20% at 5366

 

[Stock trendy]

Gloom and Doom painted all over the place Fear psychology at it's helm
should we be greedy..yes have to wait for some confirmation to go long..
till then wait..have good trading day to all.

 

[Stock trendy]

Yesterday's high 5721....today's low 5522..200 points 50% 100 points
close at..5542..levels for tomorrow 5622 and 5422
As per High 6094 and Low 5522 Fibo..Res..at..5553...5573...5605 and 23.60% at..5656
sup extension..Below..5522..5490...5438..and 127.20% at 5366

sup extension..Below..5522..5490...5438.
Watch 5490...

 

[Stock trendy]

spot holding on 5490.low 5488
sup..spot 5520.5490......res..5546..5579 and 23.60%.at.5634..as per new low 5488
spot trades above 5546 and close that gives first signal of recovery.

 

[anup0212]

ST Bro as expected closed trade at 5540 now it is risky to short so better wait for some bounce back and that might be sharp till 5680..to 5700..

After today's NF move seems a long side is waiting for a bounce back and that could lead NF to 5640/50...lvl.. but could not go past that lvl...seems we will hold till 5511 lvl for tomorrow also...but if fail to happen then slide to 5450..will happen but I am expecting a bounce back...let see tomorrow , what is your veiw ST ?