SH's MArket Correction Prediction Strategy

[trade4joisar]

Kotak Bank

15 ema touched on 16th April, 2013.

All spot

CMP = 775
15 ema = 760

I missed it yesterday as 6th week completed yesterday itself.

Let see.

(spot)
CMP = 777
15 ema = 762.5

Averaged one more, so now 3 lot at 777.

I am not aware whether today 3 ema closed against trend or not for 2 consecutive days.

Let see how it goes.

 

[trade4putuval]

My views on Kotak Mahindra bank.:thumb:

http://www.traderji.com/futures/67625-diary-315-trader-14.html#post814604

 

[vikasnp81]

Tata motors and DVR both away from 3 ema from past 2 days. Will short on Monday morning

 

[AlokTewari]

Tata motors and DVR both away from 3 ema from past 2 days. Will short on Monday morning

I thought the same. But Tatamotors looks very strong on charts otherwise. So what may happen it may open low & remain around those levels whole day until 3EMA rises to touch it. After that Tatamotors may again start its journey upwards. Looking at DOW in deep red on Friday, Indian markets most likely will open Low including Tatamotors. Let us see how it pans out on Monday.

Cheers

Alok Tewari

 

[trade4joisar]

(spot)
CMP = 777
15 ema = 762.5

Averaged one more, so now 3 lot at 777.

I am not aware whether today 3 ema closed against trend or not for 2 consecutive days.

Let see how it goes.

Move was good. only entry was not at right.
I mean when this strategy is there and expiry is near, try to enter at EOD on expiry.

Still holding.

Let see, where it goes.

 

[vikasnp81]

Tara motors down by 1.6pc

 

[trade4joisar]

Move was good. only entry was not at right.
I mean when this strategy is there and expiry is near, try to enter at EOD on expiry.

Still holding.

Let see, where it goes.

Covered around 772.

Profit from deep loss, only SMC can do :thumb:

 

[Nifty_Premi]

Was reading this thread and noticed that NIFTY is close to its 100EMA.. Just 25 points diff.. getting ready to roll ?

 

[poortrader]

Was reading this thread and noticed that NIFTY is close to its 100EMA.. Just 25 points diff.. getting ready to roll ?

I have some queries for you
1. Are you comparing the Nifty Futures price to 100EMA?
2. If you are going for a strangle will you keep any sl for the trade? If you backtest you will know why I am posing this question.
3. And most importantly have you backtested the strategy with historical options data from NSE?

 

[vikasnp81]

Yesterday nifty 3 ema not touching in spot. Looks like we see higher levels today