Nifty trend

[timepass]

6300 & 6400 CE lost quite a premium today....btw dow is recovering...

I wasn't sure of the CE myself, so today I played in Minifty

Yes.. US markets are recovering and Crude is nearing $88.. and gold did cross $1400 in past 24 hrs..

 

[Capricorn]

OK guys, the Nifty has been aimless for the past 3 days...

We have..

S @ 6270 , and then 6205 , 6190 , 6160-70

R @ 6295 , 6323 , 6390.

Been choppy , trade carefully.

 

[MindlessTrader]

dissapointing start to say the least ....all the asian market are up ...nifty is at yesterdays level....:annoyed:

 

[Capricorn]

Kisi ka huge short position phasa hai lagta...

6270 not giving way yet.

 

[scplindia]

Nifty needs to break out from the range. 2nd/ 3rd week will see options prices decay, if no breakout is seen.

 

[Capricorn]

Kisi ka huge short position phasa hai lagta...

6270 not giving way yet.

Jo bhi tha khush hoga.

 

[kingfisher3210]

The psychological behavior of nifty future suggest it is bracing itself for a nice intra day fall tomorrow if global markets does not have a bullish run tonight.

I expect nifty future tomorrow to go to 6250 levels during intra day.Nifty Future is having hard time to sustain 6330-6345 since last 4 days. If it cant go up, it has to come down.

Assumption is global overnight markets does not have a bullish run. If they have a huge bullish run, then sentiments will change.

Nifty Future just hit 6245 as low of the day at 2:30 p.m. I shorted at 6315 right at morning in opening and covered it at 6275. If i had more lots to play with, i would have kept some lots for 6250 target as i was confident 6250 is a possibility.

What possibly can happen is Friday is an another downtrend assuming global overnight bullish run does not happen.

At some point buyers will line up to buy nifty future. But i will not try to catch a long in falling market. Shorts can easily give 25-30 points intra day, so why take a risk for a long.

Tomorrow possibly we can see 6200 in nifty future but i have to see where nifty future closes first.

 

[Capricorn]

If 6160 cracks and Nifty keeps below it , we can forget new all time highs at least for now.

Nice day..:clapping:

 

[saivenkat]

If 6160 cracks and Nifty keeps below it , we can forget new all time highs at least for now.

Nice day..:clapping:

Probable chances imo is,

 

[kingfisher3210]

Nifty Future just hit 6245 as low of the day at 2:30 p.m. I shorted at 6315 right at morning in opening and covered it at 6275. If i had more lots to play with, i would have kept some lots for 6250 target as i was confident 6250 is a possibility.

What possibly can happen is Friday is an another downtrend assuming global overnight bullish run does not happen.

At some point buyers will line up to buy nifty future. But i will not try to catch a long in falling market. Shorts can easily give 25-30 points intra day, so why take a risk for a long.

Tomorrow possibly we can see 6200 in nifty future but i have to see where nifty future closes first.

I am expecting Nifty Future weak tomorrow and looking at possible 6170- around 1% cut assuming overnight bullish run does not take place.

If overnight bullish run takes place, then a different future will be created tomorrow as sentiments will be changed.

The interacting homo sapiens will create 'market' for tomorrow. The collective psychology of all interacting homo sapiens suggest bearish for tomorrow.

Remember , buyers could line up at 6170 or 6150 in nifty future and there could be surge in afternoon session but i will not try to catch a long. A short tomorrow morning can give 30-40 points which is the target i focus on.

Going with the flow, going with momentum day by day.