Nifty trend

[simple_trader]

Better to take intraday profit and stay protected as per hourly chart trail SL.

RIL spot exactly at 980 now. It bounced many times from here. It will make or break. I would say careful in short! or be with proper SL.

RIL has bounced almost 1% from 980.

 

[rajeabc]

RIL has bounced almost 1% from 980.

great..volume is good... hope to see it rising

 

[Capricorn]

great..volume is good... hope to see it rising

Lagta hai long ho...

 

[Capricorn]

That's the wolfe tgt line...

 

[Capricorn]

Expect some sort of a gap down on global mkt lines. Supports @ 5350 and 5300. We'll take it from there.

 

[simple_trader]

Though SGX NIFTY is trading at around 5360, we can never trust it about opening rate. If we give up 5400 today, the more chance of initial fall to 5300 around. Though little more confirmation is needed for down swing, if it confirms actual fall can be to till 5070-5100 range for the swing.

For the day if we gap down, some short covering can be seen in early trade!

 

[Capricorn]

Levels to watch 5401-5356-5312...

 

[simple_trader]

Though SGX NIFTY is trading at around 5360, we can never trust it about opening rate. If we give up 5400 today, the more chance of initial fall to 5300 around. Though little more confirmation is needed for down swing, if it confirms actual fall can be to till 5070-5100 range for the swing.

For the day if we gap down, some short covering can be seen in early trade!

Short covering has come in expected line! Now on it is critical to judge the market and trade. It's a open game. We seem to have come to resistance for intraday for time being.

Happy Trading!

 

[simple_trader]

Short covering has come in expected line! Now on it is critical to judge the market and trade. It's a open game. We seem to have come to resistance for intraday for time being.

Happy Trading!

\

First of all, volatility seems to going up slowly, which is a good sign for traders.

It appears to be in bullish setup. As long as day's low is intact, we can expect one more round of short covering towards the end.

Better to wait till 2:00PM and decide.

 

[cool_kk]

Hi

I am looking for some strategy to cover my open position
I sold 5550 Aug CE for 27, It is sold in strangle with 5200 PE

So far no loss, no gain

I am looking for some strategy cover this if market touch 5500

Any strategy, less sitting on computer But if require, I am ready to do that for a while...and put stop loss

Thanks
Kaps