Nifty : Real time discussions...!

[anayash]

Bought Put of June 5600PE @12 on breach of today's low...

you jumped the gun!

 

[anayash]

No discussions today? Waiting for 3 o clock?

 

[trader.trends]

Chart pivot low 5612. Mkt opened above yesterday's high and has taken support there. Immediate Chart pivot high at 5524. ATP at 5524. Will initiate Trade beyond these borders. 5min TF

 

[TraderRavi]

got total + 3365 in 2 trades 5600 PE...
yesterday total loss after brokerage around 3725...so yet to recover....

 

[trader.trends]

No major reaction on break of 5612. Long at 5613

 

[casonite]

No major reaction on break of 5612. Long at 5613

man...its a pain to see nifty limp like this...

 

[trader.trends]

man...its a pain to see nifty limp like this...

On a expiry day. Action if any reserved for the last hour, I guess.

 

[linkon7]

expiry days are like friday the 13th for me... market just scares me on this day...!

 

[casonite]

expiry days are like friday the 13th for me... market just scares me on this day...!

yes bro..i suffered the pain for about 2 hours and then decided to pull out of market on breakeven...now waiting for an opportunity.

 

[linkon7]

I'll take this opportunity to highlight a new toy that i am playing with...

My objective was a way to find a better way to know the structure of the market. By that i mean the boundary lines where price normally acts as a turning point.

Till date simple support resistance on 30 in was my principal guide. A 5 min chart was used to see details of that structure on a lower tf.

image uploading

This is good... as i can see that 5624 resisted 2 times and 5612 to 5609 acted as support 3 times...

image upload

simple PNF chart shows me that 5624 resisted 5 times while 5612 provided support 3 times, was breached once but took support at 5610...!