RAJ NIFTY Trading - Entry Exit based on Daily, Higer and Lower timeframe

healthraj

healthraj

Well-Known Member
#132
#132
healthraj said:
CLOSING the SELL positions since the SELL Call disappeared in the HTF. May be it will Test 6355 today ?
Click to expand...
There was SELL signal again in HTF, but now there is also a BUY signal in LTF @ 6322. So it was better to avoid the SELL now. Will Take the a SELL when both the LTF and HTF are saying so as in the morning.

I will also not BUY now because HTF is saying SELL.

Will Prefer to watch
 
O

Option.Trader

Well-Known Member
#133
#133
healthraj said:
There was SELL signal again in HTF, but now there is also a BUY signal in LTF @ 6322. So it was better to avoid the SELL now. Will Take the a SELL when both the LTF and HTF are saying so as in the morning.

I will also not BUY now because HTF is saying SELL.

Will Prefer to watch
Click to expand...
Entered long lower support of 6338 nf, waiting to exit
 
healthraj

healthraj

Well-Known Member
#135
#135
healthraj said:
As per OAT,

MAX COI @ 6300-6400 (same as Yesterday)

MAX OI @ 6200-6400 (Yesterday was 6200-6300)

Interpretations :

The NIFTY will not go below say 6275 since the MAX COI @ PE is at 6300.

MAX OI @ CE going to 6400 is also another bullish signal.

So should be happy with 6282.6-6295 and Go long around that level.
Click to expand...
More or less going as above. But could not go Long because the SELL signal was there in HTF and also because COI became 6200-6400.

Will have to watch more of these patterns in HTF to be able to take a decision.

Enjoy those who went long around 6290 :thumb:
 
healthraj

healthraj

Well-Known Member
#136
#136
healthraj said:
NIFTY Range for 05-MAR-2014

6237-6321 - Pivot @ 6279.

LONG in Progress from 6221. So 120 points from 6221 would be 6341.
It would be ideal to SELL between 6321-6341
Click to expand...
NIFTY Range for 06-MAR-2014

6266-6353 - Pivot @ 6309.

LONG in Progress from 6226. So 120 points from 6221 would be 6346.

The previous low in LTF was 6287 and so 60 points from 6287 would be around 6347.

I will try selling around 6350 with Stop loss as 6370
 
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