iCharts Discussions

[manojkr78]

good trade shika.....

[shika]

gm
in the first 15min., it failed to close above the previous high at 20317.4, hence took risk of buying puts, have given good returns. My target of 20150 is achieved. Again sustaining below 20145 , we can expect 20010-20040.

note : This is one strategy, where there is a huge move because of any positive event, it should close above the previous high atleast in 5tf, if it fails to close above that level in 3 consecutive 5tf candles, reverse can happen as the market is in bear grip.
Shorts built earlier would start covering only when the previous high is taken out and atleast one 5tf candle is closed above that, otherwise again bears will bring it down.
best of luck
ays

[manojkr78]

ok shika

[shika]

below 20145, more than 70 points, bought puts 20100, from 43 to 76 bookd 80%
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[shika]

almost tgt done closed futures and options, huge points for the day, again sustaining below 20020, more down side


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[shika]

can bear keep bnf below 20119,till 2.30 ?

[shika]

buy signal after 2.30 (15tf candle close ) for tgt of 20236 with stop below 20106, not initiated buy as today is option expiry, let us c
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[shika]

today`s trades
futures shortd at 20143 bookd at 20055 profit 88 points
options 20100 put avg. buy price 21 avg.sell price 81 = 60points
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[shika]

good sup between 19993-20023 sl below 19948
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[shika]

sl hit for buy
todays trades futures 47 points loss
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[shika]

bnf sup area 19720 -60 , mentioned earlier, sustaining below 19740 ,( need a big volume candle ) it can go upto 19476-96.,

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[shika]

shorted futures with sl 19805
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[shika]

bookd 25% with 53 points

[shika]

another 25% with 63 points tsl changed to 19785

[shika]

next 25% for 75 points tsl moved to 19763