Nifty trend

[josh1]

We are sitting on the fence 5880-90

S @ 5880-90 , 5840 , 5808

R @ 5945 , 5970 , 5990-6005.

Chop zone 5880 - 5970.

Trade outside the zone.

Cheers.

I feel 5880-90 has lost significance now. The support has shifted to 5860-50. Please take a fresh look Capricorn.

 

[Capricorn]

Nifty closed just at resistance point . Any chance of going down to 5900 again tomorrow looking at political conditions prevailing now ?

thanx /subrat

Why bother predicting?? Just trade the levels and forget about the markets once they close.

 

[Capricorn]

Bias up for 20-dec

S @ 5940 , 5880-90

R @ 5980 , 6030.

Trade well.

 

[Capricorn]

I feel 5880-90 has lost significance now. The support has shifted to 5860-50. Please take a fresh look Capricorn.

Keeping the volatility in mind allow 15-20 pts either way.

Its not the high/low but the close that's important in my system. If u notice after regaining 5880 on 13/12, it has never closed below it so far. Rest are all shakeouts.

 

[rajeabc]

I see expry in between 6000-6100 ..

 

[Capricorn]

Bias up....

Levels for 21-dec.

S @ 5935 , 5880.

R @ 5960 , 5990 , 6020 , 6060

Trade well .

 

[Capricorn]

Bias up..

S @ 5990 , 5930 , 5880

R @ 6015 , 6075 , 6115.

Trade well.

 

[Capricorn]

A close below 5950 wud be -ve....

 

[rrmhatre72]

A close below 5950 wud be -ve....

Hi Cap....,

Someone told me that your positions are always hedged.
Is it correct?
If yes then appreciate if you can share few trades in last couple of weeks.
I just want to understand practical implementation of hedging.
I hope this is ok with you.

 

[San Yad]

A close below 5950 wud be -ve....

I think close below 6k is also negative

happy investing