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Meaning of NR7 pattern ! |
Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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Post: #406  Posted: Wed Oct 21, 2020 8:52 am Post subject: |
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BN last cl 24311.
*** Attached Chart Shows : ***
For my trading , I consider:
1) BN staying below 24266 may be BEARISH for dip upto 23650 +/-.
2) BN staying above 24404 may be BULLISH for upside upto 24850 Plus !
*** For Education Purpose Only *** |
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #407 Posted: Wed Oct 21, 2020 10:47 am Post subject: |
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BN curPrice 24748.
IVix 22.54
As expected in prvs post and attached chart , once BN 24404 sustained , surge upto 24800 was easy.
BN todays target achieved. ... Now wait and watch, NOT sure about FURTHER upside !
My Trade:
BN 29Oct 26100CE B@61 and S@102
(Low 51.10 and High 105 till now)
Profit 41 x 25 x 5 lots = 5125/- 
Done for today !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #408 Posted: Thu Oct 22, 2020 11:25 am Post subject: |
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Nfty curPrice 11896
BN curPrice 24614
IVix 23.10 - May be BEARISH implications.
For my trading, I consider:
BN staying below 24555 may be BEARISH for a downside upto 23334. , with a whip-saw on upper side upto 25025 +/-.
Staying above 25025 may be in un-chartered bullish territory !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #409 Posted: Mon Oct 26, 2020 2:06 pm Post subject: |
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Nfty curPrice 11735.
BN curPrice 23944.
IVix 23.18.
As shown last chart and as expected in last post, BN drifted downward :
| Quote: |
BN staying below 24555 may be BEARISH for a downside upto 23334. , with a whip-saw on upper side upto 25025 +/-.
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My Trade:
BN 29Oct 22900PE B@34 and S@86
( low is 29 and High is 97 till now )
Profit 52 x 25 x 6 lots = 7800/-
Note: Posting some of my trades for the knowledge of some curious newbees, who try to understand , which strike prices of which wklyexpiry of BN to select for trading !
... Off-course individul choices may be different and many prefer Near Money strikes for more profits, but then RISK of capital loss is also high !! Take Care !
May repeat some more such trades , of different strike prices of BN. ... Currently NOT posting any Nfty Trades !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #410 Posted: Fri Oct 30, 2020 8:38 am Post subject: |
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Nfty last cl 11670
BN last cl 24092
IVix 24.02
As said in prvs some posts, rising IVix proved BEARISH for market ! .. And BN went down as mentioned in prvs posts.
| Quote: |
BN staying below 24555 may be BEARISH for a downside upto 23334. , with a whip-saw on upper side upto 25025 +/-.
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Though Nfty and BN gave many bearish trades in last 3 days, But since I am not a compulsive trader, so avoided any trades in indices due to high volatility and done only intraday stock specific trades with enough profits !
*** Atached Chart of Nfty shows ***
For my trading, for next 10 days, I consider:
1) Nfty staying above 11864 may go UPTO 12080 +/-.
2) Nfty staying below 11590 may go DOWN towards 11260 +/-.
Till then buy on dips and sell on rise may be the best policy for intraday trading in Nfty and BN with proper SL !
Note: BN 3-mnth contract can be interesting to trade for some GOOD profits - if entry point is properly maintained !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #411 Posted: Fri Oct 30, 2020 12:33 pm Post subject: |
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Nfty curPrice 11578
BN curPrice 23756
IVix 25.91
My Trade:
BN 12Nov 21500PEs B@82 and S@141
( Low is 75 and high is 150 till now )
Profit 59 x 25 x 6 lots = 8850/-
Now next, I may consider BN Bullish trade, if any reversal signs are observed , with proper SL !
Note: Restricting imports and Vocal for Local policy may prove positive for Indian companies and in-turn positive for local banks due to good recovery of BAD LOANS , in coming qtrs ! - ... Just an Observation !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #412 Posted: Mon Nov 02, 2020 11:47 am Post subject: |
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Nfty curPrice 11624.
BN curPrice 24511.
IVix 25.36.
As posted in last message, BN surged upward:
| Quote: |
Now next, I may consider BN Bullish trade, if any reversal signs are observed , with proper SL !
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My Trade:
BN 12Nov 26000CE B@134 S@198
( Low is 123 and High is 208 till now )
Profit = 64 x 25 x 6 lots = 9600/-
BN may go up, but due to high volatility, thought it is BETTER to BOOK PROFIT, rather than REPENT later !
Note: May repeat some more trade on BULLISH side , if opportunity exist later in the day or tomorow !
From My Trading perspective , I think:
Most of the positive and negatives of US elections and any economic packages of local and global powers and banks are factored-in by market - except 2nd wave of pandemics, ... so Markets may take its own course on Technicals !
... Just a thought !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #413 Posted: Mon Nov 02, 2020 1:17 pm Post subject: |
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Nfty curPrice 11623.
BN curPrice 24640.
IVix 25.58.
Booked 1800/- small profit in 2nd BN bullish trade !
For my own trading:
I think , After BN now Nfty may show some upward momentum , so Now I may take positional Nfty Bullish trade, with Proper SL.
RIL has shown a lot of correction from recent high and curPrice is around 1890. ...
.. But now onward, for my own positional trade, I may consider , BULLISH position on RIL
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #414 Posted: Tue Nov 03, 2020 3:03 pm Post subject: |
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Nfty curPrice 11804.
BN curPrice 25627.
IVix 24.26.
As mentioned in last post, Nfty surged upward !
| Quote: |
I think , After BN now Nfty may show some upward momentum , so Now I may take positional Nfty Bullish trade, with Proper SL.
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My Trade:
Nfty 05Nov 11900CE B@56 and S@83
( Low is 50 and High is 92 till now )
Since open and low price was same at 50, so it was a safe trade !
Profit 27 x 75 x 4 lots = 8100/- ...
Due to important event tomorow , there may be a posibility of Option prices come down or increase too much, so NOT CARRYING any FnO position over-night ! .. Better SAFE than loss of precious capital ! - in case going wrong in trade !!
Update:
Hopefully GOLD is moving upward, as expected in my prvs post, few days back !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #415 Posted: Wed Nov 04, 2020 9:54 am Post subject: |
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Nfty curPrice 11917.
BN curPrice 25740.
IVix 22.88.
Since market may be volatile , I think , there may be both Bullish and BEARISH swings.
BUT for my trading, I would look for Nfty positional SHORT opportunity, - if found suitable , with Proper SL.
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #416 Posted: Thu Nov 05, 2020 11:19 am Post subject: |
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Nfty curPrice 12070.
BN curPrice 26067.
IVix 20.92.
As expected in last post, Yday Nfty went down from days high towards days low around 11760.
| Quote: |
BUT for my trading, I would look for Nfty positional SHORT opportunity, - if found suitable , with Proper SL.
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For my own trading, Today again I will consider Nfty BEARISH positional trade.
As posted prvsly, RIL surged upward in last 2 days and today I booked my RIL Bullish positional trade:
| Quote: |
Posted: 02 Nov 2020:
RIL has shown a lot of correction from recent high and curPrice is around 1890. ...
.. But now onward, for my own positional trade, I may consider , BULLISH position on RIL
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My Trade in RIL:
RIL 26Nov 2180CE B@14 on 03Nov and S@19.20 today.
Profit 5.2 x 505 lotsize x 4 lots = 10504/-. ..
Now , I am NOT sure about RIL further upside !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #417 Posted: Sun Nov 08, 2020 9:47 am Post subject: |
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Nfty last cl 12263.
BN last cl 26798.
IVix 20.5.
As posted in prvs message, after staying abv 12080--- , Nfty surged upward .
| Quote: |
Posted: 30 Oct 2020
1) Nfty staying above 11864 may go UPTO 12080 +/-.
And BN goes into unchartered territory:
Posted: 22 Oct 2020
Staying above 25025 may be in un-chartered bullish territory !
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For my own trading, avoided any FnO trades in last 2 days due to un-certainty about Elections event -
... Instead did some intraday cash trades.
But still looking proper reversal sign to take some BEARISH trade on Nfty and BN !
*** Attached Nfty 5yr-Mnthly chart showing furhter posible moves ***
Detailed comments are given on the chart - for those who are really interested !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #418 Posted: Tue Nov 10, 2020 9:30 am Post subject: |
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Nfty curPrice 12510.
BN curPrice 28027.
IVix 20.44
As posted earlier, most of the things are factored-in except the Pandemics !
| Quote: |
... Most of the positive and negatives of US elections and any economic packages of local and global powers and banks are factored-in by market - except 2nd wave of pandemics, ... so Markets may take its own course on Technicals !
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... As far as Vaccine is concerned, I avoid any bets on News Based trades, Because if any news of 5 - 10 failure cases of Vaccine emerged in next few hours or days, ... then the NEGATIVE ripple effect of this anti-climax may be disastrous for Global markets - including India ! .
Off-course, I WISH vaccine SHOULD be Successful for well-being of Humanity !!
I may initiate any trade , only after proper signs of Sell on rise OR Buy on Dips type posibilities with certain stability in market moves - ... till then only INTRA-DAY CASH trades for me !
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #419 Posted: Wed Nov 11, 2020 11:08 am Post subject: |
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Nfty curPrice 12710.
BN curPrice 28907.
IVix 21.56 - may increase upward !
For my trading, Now onward, I may consider BN shorts !
BN support is around 26664 .
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Pats
White Belt
Joined: 08 Sep 2013
Posts: 407
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| Post: #420 Posted: Wed Nov 11, 2020 1:47 pm Post subject: |
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Nfty curPrice 12637.
BN curPrice 28371.
IVix 22.05
As expected in last message , BN slipped from higher level.
My Trade:
BN 19Nov 26200PE avg B@72 and avg S@104
( Low is 65 and High is 117 till now )
Profit 32 x 25 x 8 lots = 6400/- ...
Again started accumulating BN shorts of another strike price !
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