Nifty : Real time discussions...!

[MurAtt]

Double distribution likely. Chance of Visiting high (5371) more !!!!

Freak trade on NF 5371

 

[shubhamchugh]

Freak trade on NF 5371

Weren't you known as stock.murtaza earlier???

 

[MurAtt]

Yes ...

 

[shubhamchugh]

Yes ...

We can change name also

 

[columbus]

Double distribution likely. Chance of Visiting high (5371) more !!!!

Freak trade ,may be 5311 ,at that time.

 

[anuragmunjal]

Hello Ravinder,

When I start a pair trade I first take that positon which is go in the extrime, I men that say if the nifty index suddenly raise fast than I will sell CE first because I think that the nifty index will not raise more from there. So I think that the nifty index will 1) not go up raise more OR 2) It remain there only.

So if it remain there for some time and not correct down side I will then sell PE in after some time. And many time like my thinking, the nifty index will corract for some points and the price of PE will became more, so than after this small correction in nifty index I will than sell PE. I do the shame thing if the nifty index fall down side fast, than I will sell PE first and then after sometime, if the nifty index baunce than I sell CE after some time. If the niffy index do not baunce than I immedatly sell CE and so I has a pair positon.

I more do sell options pair because I earn time decae points by sitting with the positon. But I also do buy option pair some time, if I thing that there nifty index will go in one directon for more points.


Thank you and best of luck for tomorrow.

hi Ranger

u are probably the fastest to mature into a good trader..kudos to ur 'mentors' and u too.. I have one question.. when u say that u take one position on an 'extreme'.. how do u define these 'extremes'?

regards

 

[linkon7]

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ICHI Analysis...!

The last swing pivot high that lead to a range extension is at 5385.

Trend line was very strong and provided resistance at multiple instances, so a break of this trendline will be confirmed if NF takes out 5319.

5319 swing pivot high didnt cause a range extension so the momentum on the down swing was not strong enough for the market to auction lower in search of buyers. Bulls were active and halted the last hour attempt to break days low.

13 bar (or daily TF) midpoint (Value) is at 5291 while 26 bar ( 2 days Tf) midpoint (value) is at 5260. The crossover suggest a shift in value in the near term.

cloud has increased in thickness and the resistance zone projected is between 5381 to 5433. Future cloud is much lower is between the 5300 to 5355 region. A break above the 3555 mark will make this cloud bullish and will act as future demand zone. A failure to break this zone will mean supply will come at this zone in the immediate future and unless we cross it in a hurry, the supply zone will keep going lower.

 

[linkon7]

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MP and VWAP suggest long above the 5321-5326 mark as breakout. We do have a overlapping VA. SHort is below 5260 mark as its the 2 std deviation of the VWAP.

Trillian is damn good with MP and i would request him to share his analysis based on MP...

 

[linkon7]

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My own range indicator suggest that

intraday range : 5350 to 5253
6 motnhs range : 5767 to 5343
monthly range : 5636 to 5295 which got violated on the last 2 session.

Monthly range is marginally below 6 months range.
Price bars are green for the last 2 days suggesting i square off my shorts and build longs.
Price is at the bottom of the monthly range, a close above the 5295 mark today is reason enough for me to carry longs for tgt of 5636 with SL at 5253 or new sl suggested by system.

 

[linkon7]

image uploading

today's structure for intraday