Nifty spot analysis BY Santhosh2010

[santhosh2010]

Maruti TSL : 1758.00

 

[santhosh2010]

Cipla plan to trade reverse Short to long around 10 am...
Wait and watch updates...

 

[amitrandive]

santhosh2010
They also help in transferring risk, from the risk-averse to the ones with more gumption. That said, the leverage in these instruments makes them risky and those who belong to the play-it-safe camp are better off staying away.

Very Well said Santosh Sir :clapping:

 

[santhosh2010]

Cipla plan to trade reverse Short to long around 10 am...
Wait and watch updates...

Cipla future placed stoploss buy order with Double qty at : 383.00

 

[Riskyman]

Cipla future placed stoploss buy order with Double qty at : 383.00

Santosh ji, Whats the logic behind reversing trade in Cipla? Hasnt moved much since you posted your Short entry. So why now reversing?

 

[Riskyman]

Cipla future placed stoploss buy order with Double qty at : 383.00

On the hourly it has formed small double top and also an descending triangle with a base at 375. Guess it a matter of time before its broken and stock should show 366.

 

[santhosh2010]

Santosh ji, Whats the logic behind reversing trade in Cipla? Hasnt moved much since you posted your Short entry. So why now reversing?

Range bound breakout ~ price action analysis Shows some up side breakout...(yesterday's hourly chart Fakey setup too)

 

[santhosh2010]

Trade No Date script Fut/option option strike Trade position qty Entry
16 12/03/14 ULTRACEMCO Mar fut Short 125 1966
ULTRACEMCO Mar CE 1950 Long 125 59.35
ULTRACEMCO Mar PE 1950 Long 125 35.9

Max loss 13,900

 

[santhosh2010]

future ( 120.00) + rcom 130 call (2.00) exited ..

Now open position : Rcom 125 pe

 

[santhosh2010]