iCharts Discussions

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Happy Indian Independace Day to All !

.BN last cl 27984.

Attached chart shows:
borader BN range of

27452 LBBand to 28370 PSar

for next 3 working days.
SOR and BOD strategy for me !

*** For Education Purpose only ***

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Nfty curPrice 10994.

As said , SOR and BOD strategy is working intraday ! Again me traded 29AugExpi 11200CEs profitable.

Attached chart shows 2wks broader view of Nfty with approx trend line with 180 degrees Nfty moves !

*** For Education Purpose only ***

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Nfty curPrice 11062 , near resi lvl.
If upsurge continues, more upside posible, towards 11110.

But considering 2days holdays , fully booked profit in 29AugExpi 11200CEs !

Would take fresh view on Monday.

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Nfty 11044.
As expected, 2days back Nfty surged upto 11110 plus.

If 11000 to 11032 zone intact, again bullish towards 11132 plus.
11200CEs.

*** For Education Purpose only ***

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.Though wkly trend may turn positive anytime, but on short term if 11064 plus CB unable to hold in next 2 days,

.. then small dash towards 10930 not imposible !
Chart attached .

*** For Education Purpose only ***

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Nfty at 10944.

As expected yday, Nfty dashed towards 10930.

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Nfty at 10876.

Added some more Sept Mnthly expi Nfty CEs.

..In the meantime booking some pts in intraday Nfty shorts. , as and when oppotunity exists

*** For Education Purpose only ***

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Nfty last cl 11046.
..As expected Nfty moved all the way from below 10900 to high of 11126 plus.

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Nfty last cl 10797.

Nfty tried hard to go abv 11045 but failed.

As per given range for Bulls and Bears i.e. 10946 - 10881 to 11370, ... below 10881 a dip whip-saw towards 10800 happened.

Now if this support of 10764 breaks, 10764 to 10630 range not imposible, I guess ! ... Though chances of a bounce should validate this view !!

*** For Education Purpose only ***

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Nfty curPr 10767.

An expected bounce abv 10800+ happened as expected which if extended then range is 10855+ ,
and Nfty trying to hold sup of 10764, but if breaks on CB, then 10733 to 10689 range is next sup.

*Attached Chart shows Nfty Mnthly chart for last 8yrs , which shows deep sup at 10000 , and immdt sup at 10630 plus/minus. Mnthly sup of approx 11240 already broken, so only mnthly close abv 11268 may reverse the dntrend !

Off-course if trade wars subsides, thena sharp swing-high towards 11300 plus, not ruled out !

*** For Education Purpose only ***

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Nfty near 10900 again, towards lower range of 10946 - 10881 , as mentioned in 28Aug post.

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Nfty last cl 10946.

*Attached Chart* :

shows posible trading range for next 3 days , with *Proper Comments * .

*** For Education Purpose only ***

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Nfty curPrice at 11030.

Bulls trying hard to cross 11065 to 11090 area hopefully, but short term indicators are in OB zone. Be careful ! Immd sup at 10960 !!

Edit : 26Spt 11500CEs is around 8.20. ... Can it go towards 24 plus, if rally extends till 11236 + ? ... Not a recommendation !

*** For Education Purpose only ***

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Nfty curPrice 11079, very near to upper range resi at 11095 !

If 11022 crossed and sustained on CB, then heavy call writing at 11000, 11100 and 11200 will do wonders for Bulls due to call-unwinding, but ... big but exist ! ..

BN at 28033 , looks more bullish ! From 25100 to 29500 range looks interesting for this mnth !!

*** For Education Purpose only ***

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Nfty below 11000 ! Looks tired.