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Meaning of NR7 pattern ! |
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White Belt
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Post: #286  Posted: Fri Nov 08, 2019 10:32 am Post subject: |
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Nfty curPrice 11982.
BN curPrice 30770.
Consensus Bullish view of all the brokers and experts is NOT good for market health ! 
It tends to attract Global Perma Bears !
Just a thought !
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White Belt
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| Post: #287 Posted: Mon Nov 11, 2019 9:57 am Post subject: |
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Nfty todays low below 11870.
Booked 2 lots Nfty shorts taken 3 days back.
| Quote: | ..For the time being, holding Only 2 lots Nov mnthly Nfty PEs, for experiment !
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May try again to short Nfty around 11940 +/- 20 pts - considering whip-saws,
if charts supports taking shorts - intraday ! |
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White Belt
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| Post: #288 Posted: Wed Nov 13, 2019 1:07 pm Post subject: |
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Nfty curPrice 11899.
As said, Nfty reached upto 11940. ( Todays high till now 11946 and low at 11890 .. Total 56 pts diff. )
Shorted around 11938 and booked profit around 11902 thru 14Nov 11900PEs.
*** Chart Attached ***
| Quote: | ... May try again to short Nfty around 11940 +/- 20 pts - considering whip-saws,
if charts supports taking shorts - intraday ! |
Waiting now fro next opportunity - long or short whichever. |
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White Belt
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| Post: #289 Posted: Wed Nov 13, 2019 3:23 pm Post subject: |
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Nifty's todays low around 11830.
But personally could'nt take benefit of this down move second time due to outside persnal work. Happens sometime !
| Quote: |
...Nfty curPrice 11982.
BN curPrice 30770.
Consensus Bullish view of all the brokers and experts is NOT good for market health ! Smile
It tends to attract Global Perma Bears !
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As long as, Nfty below 10880, for me - Sell on Rise. .. ! 11600 +/- is the support, as mentioned 3 days back !
BN support is around 28800 + / - !
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White Belt
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| Post: #290 Posted: Mon Nov 18, 2019 1:45 pm Post subject: |
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Maruti curPrice 7119.
*** Chart Attached ***
It is in short-term 3day perspective bearish, but trying to stabilize near lower Band: 7024 to 6980 band which is also Camarilla supp lvs 4 , with ADX positive.
If genereal market stabilizes, Maruti may bounce up towards upper camarilla lvl 8405 plus. Deep sup 6770.
Note: sharp whip-saw on either side posible to curb bulls or bears.
No personal positions.
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White Belt
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| Post: #291 Posted: Thu Nov 28, 2019 1:27 pm Post subject: |
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Maruti high in this week is around 7320.
| Quote: | ..Maruti curPrice 7119.
If genereal market stabilizes, Maruti may bounce up towards upper camarilla lvl 8405 plus.
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Looks exuasted, if unable to cross 7383, ... then may see 7150 again !
... Nifty is abv 12120 , abv key resistance of 12112, but looks exuasted. Only lack of intrest from bears is making new high.
But it is trading in the 12000 to 12500 box, a caution note for bears !
A wise correction upto 11911 and then 11650 in Dec expiry may be good for further upmove, if left any.
... Carryng some OTM Nfty shorts of Jan expiry - just in case... !
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White Belt
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| Post: #292 Posted: Sun Dec 01, 2019 10:40 am Post subject: |
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Just for Newbees :
*** Chart for My intraday trades is attached ***
My intraday trades on 30mnt chart are given as sample. I generally avoid SL if sure about trend and trading day market conditions like news, events etc., otherwise I ignore the NOISE ! But for Newbees , SL is must !
Success ratio is above 50%, but depends on surpizes on trending days. Trending days are best for my trades.
I avoid range-bound days for intra trades. Now a days I rarely take positional trades, with some exception in Option trades for Far Mnth OTM positions, like in last post.
As expected, Maruti was unable to cross 7383, and reversed , and Nfty also reversed , but confirmation of a positional dntrend is PENDING !
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White Belt
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| Post: #293 Posted: Tue Dec 03, 2019 1:21 pm Post subject: |
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Nfty around 11960, as expected nearly 85pts down from last close .
Booked intraday shorts, carrying Jan expiry positional shorts !
May initiate intraday longs, if posible.
Now for next 3 - days :
Nfty Resistance and Supports and posible reversal levels from now on should be :
Resi :
12005 , 12033 and 12154.
Supports:
11920 , 11880 and 11800.
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White Belt
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| Post: #294 Posted: Tue Dec 03, 2019 3:08 pm Post subject: |
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Booked Nfty intraday longs around 11995.
Carrying Nfty positional shorts Jan series.
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White Belt
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| Post: #295 Posted: Wed Dec 04, 2019 1:46 pm Post subject: |
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Booked Nfty shorts, may initiate longs from 3 days pesrpective, if found OK on intra charts !
Carrying Nfty positional shorts Jan series.
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White Belt
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| Post: #296 Posted: Wed Dec 04, 2019 3:30 pm Post subject: |
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Booked Nfty longs around 12043, taken from 3 days pespective.
Not taking risk to carry any position, except positional Nfty shorts Jan expiry.
Nfty moving in the range of Supports and resistances as given before...
| Quote: |
..
Resi :
12005 , 12033 and 12154.
Supports:
11920 , 11880 and 11800.
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White Belt
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| Post: #297 Posted: Fri Dec 06, 2019 10:25 am Post subject: |
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Nfty around 12027, near intra Support levels.
May initiate Nfty longs after looking at intra charts !
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White Belt
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| Post: #298 Posted: Fri Dec 06, 2019 2:55 pm Post subject: |
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Intraday Nfty LONG trade SL of 15 points got triggered immidiately, so trade was useless.
But got good returns in Nfty Jan OTM short trade, booked profit below 11900.
Not sure, but recovery upto 12078 plus not imposible, in next week !
Caution: If support around 11872 broken continuously then, more downside posible !
Nfty moving btw sup and resi as given 3 days back:
| Quote: |
Resi :
12005 , 12033 and 12154.
Supports:
11920 , 11880 and 11800.
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White Belt
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| Post: #299 Posted: Tue Dec 10, 2019 10:12 am Post subject: |
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BN around 31200.
Nfty around 11900.
For my own trading, I consider following scene:
If suports around 30000 +/- in BN and 11650 +/- in Nfty remains intact, BN may inch-up towards 32000, 33000 , 34000 in comming days / weeks / mnths.
And Nfty may inch-up towards 12200, 12400 , 12600 in comming days / weeks / mnths.
I will look for intra long trades, when-ever posible, like today with porper SL. !
Caveat : Extreme Local / Global conditions may spoof the rally but chances are low !
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White Belt
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| Post: #300 Posted: Tue Dec 10, 2019 3:28 pm Post subject: |
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Nfty around 11850.
Nfty intra long trade, SL of 15 pts triggered.
But 2 short trade, after Nfty slipped below 11872 in moderate profits.
| Quote: |
...Caution: If support around 11872 broken continuously then, more downside posible !
Nfty moving btw sup and resi as given 3 days back:
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Not carrying any FnO positions for tommorow.
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